# EDGAR Filing Document

**Accession Number:** 0001217286
**File Stem:** 0002071691-26-007405
**Filing Date:** 2026-3
**Character Count:** 1038988
**Document Hash:** 79f23d132bd8aaf31759b8865c390897
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007405.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007405

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMorgan Trust I
- **CENTRAL INDEX KEY:** 0001217286

**ORGANIZATION NAME:**
- **EIN:** 331043149
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21295
- **FILM NUMBER:** 26805545

**BUSINESS ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JP MORGAN MUTUAL FUND SERIES
- **DATE OF NAME CHANGE:** 20030204

## Series and Classes Contracts Data

### JPMorgan Global Allocation Fund (Series ID: S000031462)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000097802 | Class A      | GAOAX           |
| C000097803 | Class C      | GAOCX           |
| C000097804 | Class I      | GAOSX           |
| C000097805 | Class R2     | GAONX           |
| C000195049 | Class R6     | GAOZX           |
| C000205203 | Class R5     | GAORX           |
| C000205204 | Class R4     | GAOFX           |
| C000205205 | Class R3     | GAOTX           |

## Nport-Ex

**JPMorgan Global Allocation Fund**

**Schedule of Portfolio Investments as of January 31, 2026**

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2026. |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES** <br>**(000)**<br>| **VALUE** <br>**($000)**<br>|
| **Common Stocks — 48.0%** | **Common Stocks — 48.0%** | **Common Stocks — 48.0%** |
| **Australia — 0.7%** | **Australia — 0.7%** | **Australia — 0.7%** |
| &nbsp;&nbsp;&nbsp; ANZ Group Holdings Ltd. | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 912 |
| &nbsp;&nbsp;&nbsp; APA Group | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 97 |
| &nbsp;&nbsp;&nbsp; Aristocrat Leisure Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 248 |
| &nbsp;&nbsp;&nbsp; ASX Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp; BHP Group Ltd. | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 2102 |
| &nbsp;&nbsp;&nbsp; Brambles Ltd. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp; CAR Group Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 87 |
| &nbsp;&nbsp;&nbsp; Cochlear Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 146 |
| &nbsp;&nbsp;&nbsp; Coles Group Ltd. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 238 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 2082 |
| &nbsp;&nbsp;&nbsp; Computershare Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 142 |
| &nbsp;&nbsp;&nbsp; CSL Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 734 |
| &nbsp;&nbsp;&nbsp; Evolution Mining Ltd. | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 234 |
| &nbsp;&nbsp;&nbsp; Fortescue Ltd. | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 295 |
| &nbsp;&nbsp;&nbsp; Glencore plc | &nbsp;&nbsp; 121 | &nbsp;&nbsp; 823 |
| &nbsp;&nbsp;&nbsp; Goodman Group, REIT | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 522 |
| &nbsp;&nbsp;&nbsp; Insurance Australia Group Ltd. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 150 |
| &nbsp;&nbsp;&nbsp; Lottery Corp. Ltd. (The) | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 95 |
| &nbsp;&nbsp;&nbsp; Lynas Rare Earths Ltd. \* | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; Macquarie Group Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 639 |
| &nbsp;&nbsp;&nbsp; Medibank Pvt Ltd. | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd. | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 1106 |
| &nbsp;&nbsp;&nbsp; Northern Star Resources Ltd. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 300 |
| &nbsp;&nbsp;&nbsp; Origin Energy Ltd. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 170 |
| &nbsp;&nbsp;&nbsp; Pro Medicus Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 88 |
| &nbsp;&nbsp;&nbsp; Qantas Airways Ltd. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp; QBE Insurance Group Ltd. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 248 |
| &nbsp;&nbsp;&nbsp; REA Group Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 83 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 465 |
| &nbsp;&nbsp;&nbsp; Rio Tinto plc | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 3707 |
| &nbsp;&nbsp;&nbsp; Santos Ltd. | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 190 |
| &nbsp;&nbsp;&nbsp; Scentre Group, REIT | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 178 |
| &nbsp;&nbsp;&nbsp; SGH Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Sigma Healthcare Ltd. | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 134 |
| &nbsp;&nbsp;&nbsp; Sonic Healthcare Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; South32 Ltd. | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 171 |
| &nbsp;&nbsp;&nbsp; Stockland, REIT | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 109 |
| &nbsp;&nbsp;&nbsp; Suncorp Group Ltd. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 153 |
| &nbsp;&nbsp;&nbsp; Telstra Group Ltd. | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 162 |
| &nbsp;&nbsp;&nbsp; Transurban Group | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 362 |
| &nbsp;&nbsp;&nbsp; Vicinity Ltd., REIT | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp; Washington H Soul Pattinson & Co. Ltd. (a) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; Wesfarmers Ltd. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 787 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp. | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 1104 |
| &nbsp;&nbsp;&nbsp; WiseTech Global Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 97 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Australia — continued** | **Australia — continued** | **Australia — continued** |
| &nbsp;&nbsp;&nbsp; Woodside Energy Group Ltd. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 403 |
| &nbsp;&nbsp;&nbsp; Woolworths Group Ltd. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 315 |
|  |  | &nbsp;&nbsp; 20860 |
| **Austria — 0.0% ^** | **Austria — 0.0% ^** | **Austria — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Erste Group Bank AG | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 481 |
| &nbsp;&nbsp;&nbsp; OMV AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 105 |
| &nbsp;&nbsp;&nbsp; Raiffeisen Bank International AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp; Verbund AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 60 |
|  |  | &nbsp;&nbsp; 725 |
| **Belgium — 0.1%** | **Belgium — 0.1%** | **Belgium — 0.1%** |
| &nbsp;&nbsp;&nbsp; Ageas SA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 127 |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev SA | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 855 |
| &nbsp;&nbsp;&nbsp; D'ieteren Group | &nbsp;&nbsp; — | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp; Elia Group SA/NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Financiere de Tubize SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; Groupe Bruxelles Lambert NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; KBC Group NV | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 389 |
| &nbsp;&nbsp;&nbsp; Lotus Bakeries NV (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp; Sofina SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp; Syensqo SA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp; UCB SA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 463 |
|  |  | &nbsp;&nbsp; 2311 |
| **Brazil — 0.5%** | **Brazil — 0.5%** | **Brazil — 0.5%** |
| &nbsp;&nbsp;&nbsp; Axia Energia | &nbsp;&nbsp; 115 | &nbsp;&nbsp; 1186 |
| &nbsp;&nbsp;&nbsp; Axia Energia (Preference) \* | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 240 |
| &nbsp;&nbsp;&nbsp; B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp; 589 | &nbsp;&nbsp; 1812 |
| &nbsp;&nbsp;&nbsp; Banco do Brasil SA | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 887 |
| &nbsp;&nbsp;&nbsp; Banco Santander Brasil SA | &nbsp;&nbsp; 195 | &nbsp;&nbsp; 1345 |
| &nbsp;&nbsp;&nbsp; Itausa SA (Preference) | &nbsp;&nbsp; 404 | &nbsp;&nbsp; 1046 |
| &nbsp;&nbsp;&nbsp; Localiza Rent a Car SA | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 1212 |
| &nbsp;&nbsp;&nbsp; MercadoLibre, Inc. \* | &nbsp;&nbsp; — | &nbsp;&nbsp; 1248 |
| &nbsp;&nbsp;&nbsp; Motiva Infraestrutura de Mobilidade SA | &nbsp;&nbsp; 304 | &nbsp;&nbsp; 973 |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA (Preference) | &nbsp;&nbsp; 367 | &nbsp;&nbsp; 2629 |
| &nbsp;&nbsp;&nbsp; Raia Drogasil SA | &nbsp;&nbsp; 166 | &nbsp;&nbsp; 769 |
| &nbsp;&nbsp;&nbsp; Telefonica Brasil SA | &nbsp;&nbsp; 178 | &nbsp;&nbsp; 1261 |
| &nbsp;&nbsp;&nbsp; Yara International ASA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 91 |
|  |  | &nbsp;&nbsp; 14699 |
| **Canada — 0.1%** | **Canada — 0.1%** | **Canada — 0.1%** |
| &nbsp;&nbsp;&nbsp; Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 493 |
| &nbsp;&nbsp;&nbsp; Shopify, Inc., Class A \* | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 973 |
| &nbsp;&nbsp;&nbsp; Teck Resources Ltd., Class B | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 1447 |
|  |  | &nbsp;&nbsp; 2913 |
| **Chile — 0.0% ^** | **Chile — 0.0% ^** | **Chile — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Antofagasta plc | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 235 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **China — 2.6%** | **China — 2.6%** | **China — 2.6%** |
| &nbsp;&nbsp;&nbsp; Advanced Micro-Fabrication Equipment, Inc., Class A | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 836 |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. | &nbsp;&nbsp; 416 | &nbsp;&nbsp; 8840 |
| &nbsp;&nbsp;&nbsp; Baidu, Inc., Class A \* | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 1502 |
| &nbsp;&nbsp;&nbsp; BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp; 45 | &nbsp;&nbsp; 234 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., Class H | &nbsp;&nbsp; 2831 | &nbsp;&nbsp; 2858 |
| &nbsp;&nbsp;&nbsp; China Hongqiao Group Ltd. | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 1034 |
| &nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd., Class H (b) | &nbsp;&nbsp; 396 | &nbsp;&nbsp; 1073 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., Class A | &nbsp;&nbsp; 275 | &nbsp;&nbsp; 1525 |
| &nbsp;&nbsp;&nbsp; China Minsheng Banking Corp. Ltd., Class H | &nbsp;&nbsp; 1494 | &nbsp;&nbsp; 744 |
| &nbsp;&nbsp;&nbsp; China Resources Power Holdings Co. Ltd. | &nbsp;&nbsp; 212 | &nbsp;&nbsp; 483 |
| &nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., Class H | &nbsp;&nbsp; 126 | &nbsp;&nbsp; 696 |
| &nbsp;&nbsp;&nbsp; China Yangtze Power Co. Ltd., Class A | &nbsp;&nbsp; 201 | &nbsp;&nbsp; 761 |
| &nbsp;&nbsp;&nbsp; CMOC Group Ltd., Class H | &nbsp;&nbsp; 237 | &nbsp;&nbsp; 666 |
| &nbsp;&nbsp;&nbsp; Contemporary Amperex Technology Co. Ltd., Class A | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 1723 |
| &nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd. | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 796 |
| &nbsp;&nbsp;&nbsp; Fuyao Glass Industry Group Co. Ltd., Class H (b) | &nbsp;&nbsp; 128 | &nbsp;&nbsp; 1097 |
| &nbsp;&nbsp;&nbsp; H World Group Ltd. | &nbsp;&nbsp; 284 | &nbsp;&nbsp; 1364 |
| &nbsp;&nbsp;&nbsp; Jason Furniture Hangzhou Co. Ltd., Class A | &nbsp;&nbsp; 147 | &nbsp;&nbsp; 748 |
| &nbsp;&nbsp;&nbsp; Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | &nbsp;&nbsp; 99 | &nbsp;&nbsp; 826 |
| &nbsp;&nbsp;&nbsp; KE Holdings, Inc., Class A | &nbsp;&nbsp; 155 | &nbsp;&nbsp; 988 |
| &nbsp;&nbsp;&nbsp; Kuaishou Technology (b) | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 1336 |
| &nbsp;&nbsp;&nbsp; Kweichow Moutai Co. Ltd., Class A | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 826 |
| &nbsp;&nbsp;&nbsp; Loncin Motor Co. Ltd., Class A | &nbsp;&nbsp; 336 | &nbsp;&nbsp; 740 |
| &nbsp;&nbsp;&nbsp; Midea Group Co. Ltd., Class A | &nbsp;&nbsp; 115 | &nbsp;&nbsp; 1277 |
| &nbsp;&nbsp;&nbsp; Montage Technology Co. Ltd., Class A | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 1386 |
| &nbsp;&nbsp;&nbsp; NetEase, Inc. | &nbsp;&nbsp; 97 | &nbsp;&nbsp; 2507 |
| &nbsp;&nbsp;&nbsp; PetroChina Co. Ltd., Class H | &nbsp;&nbsp; 1648 | &nbsp;&nbsp; 1958 |
| &nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp; 469 | &nbsp;&nbsp; 4355 |
| &nbsp;&nbsp;&nbsp; Prosus NV | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 904 |
| &nbsp;&nbsp;&nbsp; Sieyuan Electric Co. Ltd., Class A | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 948 |
| &nbsp;&nbsp;&nbsp; SITC International Holdings Co. Ltd. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp; Tencent Holdings Ltd. | &nbsp;&nbsp; 228 | &nbsp;&nbsp; 17532 |
| &nbsp;&nbsp;&nbsp; Wharf Holdings Ltd. (The) | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp; Wilmar International Ltd. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; WUS Printed Circuit Kunshan Co. Ltd., Class A | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 647 |
| &nbsp;&nbsp;&nbsp; XCMG Construction Machinery Co. Ltd., Class A | &nbsp;&nbsp; 459 | &nbsp;&nbsp; 709 |
| &nbsp;&nbsp;&nbsp; Xiaomi Corp., Class B \* (b) | &nbsp;&nbsp; 228 | &nbsp;&nbsp; 1032 |
| &nbsp;&nbsp;&nbsp; Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 81 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp; 81 | &nbsp;&nbsp; 4024 |
| &nbsp;&nbsp;&nbsp; Yum China Holdings, Inc. | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 1712 |
| &nbsp;&nbsp;&nbsp; Zijin Mining Group Co. Ltd., Class H | &nbsp;&nbsp; 492 | &nbsp;&nbsp; 2565 |
| &nbsp;&nbsp;&nbsp; ZTO Express Cayman, Inc. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 616 |
|  |  | &nbsp;&nbsp; 74112 |
| **Denmark — 0.3%** | **Denmark — 0.3%** | **Denmark — 0.3%** |
| &nbsp;&nbsp;&nbsp; Carlsberg A/S, Class B (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 153 |
| &nbsp;&nbsp;&nbsp; Coloplast A/S, Class B | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 129 |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 409 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Denmark — continued** | **Denmark — continued** | **Denmark — continued** |
| &nbsp;&nbsp;&nbsp; Demant A/S \* (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; DSV A/S | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 691 |
| &nbsp;&nbsp;&nbsp; Genmab A/S \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 239 |
| &nbsp;&nbsp;&nbsp; Novo Nordisk A/S, Class B | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 6273 |
| &nbsp;&nbsp;&nbsp; Novonesis Novozymes B (a) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 259 |
| &nbsp;&nbsp;&nbsp; Orsted A/S \* (b) | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 143 |
| &nbsp;&nbsp;&nbsp; Pandora A/S | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp; ROCKWOOL A/S, Class B | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp; Tryg A/S (a) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 99 |
| &nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 368 |
|  |  | &nbsp;&nbsp; 8919 |
| **Finland — 0.1%** | **Finland — 0.1%** | **Finland — 0.1%** |
| &nbsp;&nbsp;&nbsp; Elisa OYJ | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp; Fortum OYJ | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 127 |
| &nbsp;&nbsp;&nbsp; Kesko OYJ, Class B | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 83 |
| &nbsp;&nbsp;&nbsp; Kone OYJ, Class B | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 294 |
| &nbsp;&nbsp;&nbsp; Metso OYJ | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 155 |
| &nbsp;&nbsp;&nbsp; Neste OYJ | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 129 |
| &nbsp;&nbsp;&nbsp; Nokia OYJ | &nbsp;&nbsp; 64 | &nbsp;&nbsp; 410 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 721 |
| &nbsp;&nbsp;&nbsp; Orion OYJ, Class B | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 109 |
| &nbsp;&nbsp;&nbsp; Sampo OYJ, Class A | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 324 |
| &nbsp;&nbsp;&nbsp; Stora Enso OYJ, Class R (a) | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp; UPM-Kymmene OYJ | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 175 |
| &nbsp;&nbsp;&nbsp; Wartsila OYJ Abp | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 245 |
|  |  | &nbsp;&nbsp; 2927 |
| **France — 1.4%** | **France — 1.4%** | **France — 1.4%** |
| &nbsp;&nbsp;&nbsp; Accor SA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 128 |
| &nbsp;&nbsp;&nbsp; Aeroports de Paris SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp; Air Liquide SA | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1302 |
| &nbsp;&nbsp;&nbsp; Airbus SE | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1635 |
| &nbsp;&nbsp;&nbsp; Alstom SA \* | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 133 |
| &nbsp;&nbsp;&nbsp; Amundi SA (b) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; AXA SA | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 950 |
| &nbsp;&nbsp;&nbsp; BioMerieux | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 1306 |
| &nbsp;&nbsp;&nbsp; Bollore SE | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp; Bouygues SA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 124 |
| &nbsp;&nbsp;&nbsp; Bureau Veritas SA (a) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 132 |
| &nbsp;&nbsp;&nbsp; Capgemini SE | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 288 |
| &nbsp;&nbsp;&nbsp; Carrefour SA | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 116 |
| &nbsp;&nbsp;&nbsp; Cie de Saint-Gobain SA | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 533 |
| &nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 1500 |
| &nbsp;&nbsp;&nbsp; Covivio SA, REIT | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 278 |
| &nbsp;&nbsp;&nbsp; Danone SA | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 609 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **France — continued** | **France — continued** | **France — continued** |
| &nbsp;&nbsp;&nbsp; Dassault Aviation SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; Dassault Systemes SE | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 222 |
| &nbsp;&nbsp;&nbsp; Edenred SE (a) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp; Eiffage SA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 122 |
| &nbsp;&nbsp;&nbsp; Engie SA | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 655 |
| &nbsp;&nbsp;&nbsp; EssilorLuxottica SA | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 1106 |
| &nbsp;&nbsp;&nbsp; FDJ UNITED | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 35 |
| &nbsp;&nbsp;&nbsp; Gecina SA, REIT | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; Getlink SE | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 72 |
| &nbsp;&nbsp;&nbsp; Hermes International SCA | &nbsp;&nbsp; — | &nbsp;&nbsp; 917 |
| &nbsp;&nbsp;&nbsp; Ipsen SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp; Kering SA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 279 |
| &nbsp;&nbsp;&nbsp; Klepierre SA, REIT | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 99 |
| &nbsp;&nbsp;&nbsp; Legrand SA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 503 |
| &nbsp;&nbsp;&nbsp; L'Oreal SA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1326 |
| &nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 8008 |
| &nbsp;&nbsp;&nbsp; Orange SA | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 416 |
| &nbsp;&nbsp;&nbsp; Pernod Ricard SA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 216 |
| &nbsp;&nbsp;&nbsp; Publicis Groupe SA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 274 |
| &nbsp;&nbsp;&nbsp; Renault SA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 87 |
| &nbsp;&nbsp;&nbsp; Rexel SA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 113 |
| &nbsp;&nbsp;&nbsp; Safran SA | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 10718 |
| &nbsp;&nbsp;&nbsp; Sartorius Stedim Biotech | &nbsp;&nbsp; — | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 744 |
| &nbsp;&nbsp;&nbsp; Sodexo SA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Thales SA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 341 |
| &nbsp;&nbsp;&nbsp; TotalEnergies SE | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 1735 |
| &nbsp;&nbsp;&nbsp; Unibail-Rodamco-Westfield, REIT | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 161 |
| &nbsp;&nbsp;&nbsp; Veolia Environnement SA | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 284 |
| &nbsp;&nbsp;&nbsp; Vinci SA | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 862 |
|  |  | &nbsp;&nbsp; 39004 |
| **Germany — 1.2%** | **Germany — 1.2%** | **Germany — 1.2%** |
| &nbsp;&nbsp;&nbsp; adidas AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 364 |
| &nbsp;&nbsp;&nbsp; Allianz SE (Registered) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 2043 |
| &nbsp;&nbsp;&nbsp; BASF SE | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 581 |
| &nbsp;&nbsp;&nbsp; Bayer AG (Registered) | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 624 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 347 |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG (Preference) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; Beiersdorf AG (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 139 |
| &nbsp;&nbsp;&nbsp; Brenntag SE (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp; Commerzbank AG | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 362 |
| &nbsp;&nbsp;&nbsp; Continental AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 103 |
| &nbsp;&nbsp;&nbsp; CTS Eventim AG & Co. KGaA (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Holding AG | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 276 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (Registered) | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 878 |
| &nbsp;&nbsp;&nbsp; Deutsche Boerse AG | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 4632 |
| &nbsp;&nbsp;&nbsp; Deutsche Lufthansa AG (Registered) | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 74 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Germany — continued** | **Germany — continued** | **Germany — continued** |
| &nbsp;&nbsp;&nbsp; Deutsche Post AG | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 645 |
| &nbsp;&nbsp;&nbsp; Deutsche Telekom AG (Registered) | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 1483 |
| &nbsp;&nbsp;&nbsp; Dr Ing hc F Porsche AG (Preference) (a) (b) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; E.ON SE | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 572 |
| &nbsp;&nbsp;&nbsp; Evonik Industries AG | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp; Fresenius Medical Care AG | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 119 |
| &nbsp;&nbsp;&nbsp; Fresenius SE & Co. KGaA | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 284 |
| &nbsp;&nbsp;&nbsp; GEA Group AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 126 |
| &nbsp;&nbsp;&nbsp; Hannover Rueck SE | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 205 |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 440 |
| &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 103 |
| &nbsp;&nbsp;&nbsp; Henkel AG & Co. KGaA (Preference) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 169 |
| &nbsp;&nbsp;&nbsp; Hensoldt AG (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; HOCHTIEF AG (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Infineon Technologies AG | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 5359 |
| &nbsp;&nbsp;&nbsp; Knorr-Bremse AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 101 |
| &nbsp;&nbsp;&nbsp; LEG Immobilien SE | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 593 |
| &nbsp;&nbsp;&nbsp; Merck KGaA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 231 |
| &nbsp;&nbsp;&nbsp; MTU Aero Engines AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 288 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 3194 |
| &nbsp;&nbsp;&nbsp; Nemetschek SE | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp; Porsche Automobil Holding SE (Preference) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Rational AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 49 |
| &nbsp;&nbsp;&nbsp; Rheinmetall AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp; RWE AG | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 482 |
| &nbsp;&nbsp;&nbsp; SAP SE | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 2507 |
| &nbsp;&nbsp;&nbsp; Sartorius AG (Preference) (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 88 |
| &nbsp;&nbsp;&nbsp; Scout24 SE (b) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp; Siemens AG (Registered) | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 2761 |
| &nbsp;&nbsp;&nbsp; Siemens Energy AG \* | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 1587 |
| &nbsp;&nbsp;&nbsp; Siemens Healthineers AG (b) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 203 |
| &nbsp;&nbsp;&nbsp; Symrise AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 134 |
| &nbsp;&nbsp;&nbsp; Talanx AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 98 |
| &nbsp;&nbsp;&nbsp; Volkswagen AG (Preference) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 301 |
| &nbsp;&nbsp;&nbsp; Vonovia SE | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 266 |
| &nbsp;&nbsp;&nbsp; Zalando SE \* (b) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 77 |
|  |  | &nbsp;&nbsp; 34841 |
| **Greece — 0.1%** | **Greece — 0.1%** | **Greece — 0.1%** |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 1609 |
| &nbsp;&nbsp;&nbsp; Piraeus Bank SA \* | &nbsp;&nbsp; 141 | &nbsp;&nbsp; 1426 |
|  |  | &nbsp;&nbsp; 3035 |
| **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 902 |
| **Hong Kong — 0.4%** | **Hong Kong — 0.4%** | **Hong Kong — 0.4%** |
| &nbsp;&nbsp;&nbsp; AIA Group Ltd. | &nbsp;&nbsp; 230 | &nbsp;&nbsp; 2649 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hong Kong — continued** | **Hong Kong — continued** | **Hong Kong — continued** |
| &nbsp;&nbsp;&nbsp; CK Asset Holdings Ltd. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 134 |
| &nbsp;&nbsp;&nbsp; CK Infrastructure Holdings Ltd. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp; CLP Holdings Ltd. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 184 |
| &nbsp;&nbsp;&nbsp; Futu Holdings Ltd., ADR \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 111 |
| &nbsp;&nbsp;&nbsp; Henderson Land Development Co. Ltd. | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; HKT Trust & HKT Ltd. | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp; Hong Kong & China Gas Co. Ltd. | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 127 |
| &nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp; 74 | &nbsp;&nbsp; 4096 |
| &nbsp;&nbsp;&nbsp; Hongkong Land Holdings Ltd. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; Link, REIT | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 143 |
| &nbsp;&nbsp;&nbsp; MTR Corp. Ltd. (a) | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp; Power Assets Holdings Ltd. | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 128 |
| &nbsp;&nbsp;&nbsp; Prudential plc | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 1270 |
| &nbsp;&nbsp;&nbsp; Sino Land Co. Ltd. | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; Sun Hung Kai Properties Ltd. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 281 |
| &nbsp;&nbsp;&nbsp; Swire Pacific Ltd., Class A | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp; Techtronic Industries Co. Ltd. | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 1126 |
| &nbsp;&nbsp;&nbsp; WH Group Ltd. (b) | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 118 |
| &nbsp;&nbsp;&nbsp; Wharf Real Estate Investment Co. Ltd. | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 69 |
|  |  | &nbsp;&nbsp; 10932 |
| **Hungary — 0.1%** | **Hungary — 0.1%** | **Hungary — 0.1%** |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt. | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 2541 |
| **India — 1.2%** | **India — 1.2%** | **India — 1.2%** |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd. | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 976 |
| &nbsp;&nbsp;&nbsp; Axis Bank Ltd., GDR (b) | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 1409 |
| &nbsp;&nbsp;&nbsp; Bajaj Finance Ltd. | &nbsp;&nbsp; 168 | &nbsp;&nbsp; 1695 |
| &nbsp;&nbsp;&nbsp; Biocon Ltd. | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 702 |
| &nbsp;&nbsp;&nbsp; Blue Star Ltd. | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 660 |
| &nbsp;&nbsp;&nbsp; Coforge Ltd. | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 517 |
| &nbsp;&nbsp;&nbsp; Cyient Ltd. | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 659 |
| &nbsp;&nbsp;&nbsp; Dr Reddy's Laboratories Ltd., ADR | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 617 |
| &nbsp;&nbsp;&nbsp; Eternal Ltd. \* | &nbsp;&nbsp; 159 | &nbsp;&nbsp; 473 |
| &nbsp;&nbsp;&nbsp; Godrej Consumer Products Ltd. | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 739 |
| &nbsp;&nbsp;&nbsp; Havells India Ltd. | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 586 |
| &nbsp;&nbsp;&nbsp; HDFC Bank Ltd., ADR | &nbsp;&nbsp; 224 | &nbsp;&nbsp; 7254 |
| &nbsp;&nbsp;&nbsp; Hindalco Industries Ltd. | &nbsp;&nbsp; 106 | &nbsp;&nbsp; 1098 |
| &nbsp;&nbsp;&nbsp; Indian Hotels Co. Ltd. (The) | &nbsp;&nbsp; 105 | &nbsp;&nbsp; 773 |
| &nbsp;&nbsp;&nbsp; IndusInd Bank Ltd. \* | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 651 |
| &nbsp;&nbsp;&nbsp; Infosys Ltd., ADR (a) | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 1760 |
| &nbsp;&nbsp;&nbsp; Mahindra & Mahindra Ltd. | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 2222 |
| &nbsp;&nbsp;&nbsp; Max Financial Services Ltd. \* | &nbsp;&nbsp; 139 | &nbsp;&nbsp; 2444 |
| &nbsp;&nbsp;&nbsp; NTPC Ltd. | &nbsp;&nbsp; 293 | &nbsp;&nbsp; 1136 |
| &nbsp;&nbsp;&nbsp; PB Fintech Ltd. \* | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 791 |
| &nbsp;&nbsp;&nbsp; Petronet LNG Ltd. | &nbsp;&nbsp; 211 | &nbsp;&nbsp; 666 |
| &nbsp;&nbsp;&nbsp; Reliance Industries Ltd., GDR (c) | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 3315 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **India — continued** | **India — continued** | **India — continued** |
| &nbsp;&nbsp;&nbsp; SBI Life Insurance Co. Ltd. (b) | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 1026 |
| &nbsp;&nbsp;&nbsp; UltraTech Cement Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1026 |
|  |  | &nbsp;&nbsp; 33195 |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** | **Indonesia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bank Central Asia Tbk. PT | &nbsp;&nbsp; 5122 | &nbsp;&nbsp; 2263 |
| &nbsp;&nbsp;&nbsp; Jardine Matheson Holdings Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 139 |
| &nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT | &nbsp;&nbsp; 4697 | &nbsp;&nbsp; 1004 |
|  |  | &nbsp;&nbsp; 3406 |
| **Ireland — 0.1%** | **Ireland — 0.1%** | **Ireland — 0.1%** |
| &nbsp;&nbsp;&nbsp; AerCap Holdings NV | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 2166 |
| &nbsp;&nbsp;&nbsp; AIB Group plc | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 287 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 233 |
| &nbsp;&nbsp;&nbsp; Kerry Group plc, Class A | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 173 |
| &nbsp;&nbsp;&nbsp; Kingspan Group plc | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 161 |
|  |  | &nbsp;&nbsp; 3020 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| &nbsp;&nbsp;&nbsp; Azrieli Group Ltd. | &nbsp;&nbsp; — | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; Bank Hapoalim BM | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 371 |
| &nbsp;&nbsp;&nbsp; Bank Leumi Le-Israel BM | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 430 |
| &nbsp;&nbsp;&nbsp; Check Point Software Technologies Ltd. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 185 |
| &nbsp;&nbsp;&nbsp; Elbit Systems Ltd. | &nbsp;&nbsp; — | &nbsp;&nbsp; 236 |
| &nbsp;&nbsp;&nbsp; ICL Group Ltd. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Israel Discount Bank Ltd., Class A | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 173 |
| &nbsp;&nbsp;&nbsp; Mizrahi Tefahot Bank Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 146 |
| &nbsp;&nbsp;&nbsp; Nice Ltd. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp; Nova Ltd. \* | &nbsp;&nbsp; — | &nbsp;&nbsp; 173 |
| &nbsp;&nbsp;&nbsp; Phoenix Financial Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 133 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Industries Ltd., ADR \* | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 470 |
| &nbsp;&nbsp;&nbsp; Wix.com Ltd. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 58 |
|  |  | &nbsp;&nbsp; 2572 |
| **Italy — 0.3%** | **Italy — 0.3%** | **Italy — 0.3%** |
| &nbsp;&nbsp;&nbsp; Banca Mediolanum SpA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 246 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 204 |
| &nbsp;&nbsp;&nbsp; BPER Banca SpA | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 249 |
| &nbsp;&nbsp;&nbsp; Coca-Cola HBC AG | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 142 |
| &nbsp;&nbsp;&nbsp; Davide Campari-Milano NV | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 52 |
| &nbsp;&nbsp;&nbsp; Enel SpA | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 1080 |
| &nbsp;&nbsp;&nbsp; Eni SpA | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 502 |
| &nbsp;&nbsp;&nbsp; Ferrari NV | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 505 |
| &nbsp;&nbsp;&nbsp; FinecoBank Banca Fineco SpA | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 195 |
| &nbsp;&nbsp;&nbsp; Generali | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 418 |
| &nbsp;&nbsp;&nbsp; Infrastrutture Wireless Italiane SpA (b) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | &nbsp;&nbsp; 171 | &nbsp;&nbsp; 1212 |
| &nbsp;&nbsp;&nbsp; Leonardo SpA | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 325 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Italy — continued** | **Italy — continued** | **Italy — continued** |
| &nbsp;&nbsp;&nbsp; Moncler SpA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 164 |
| &nbsp;&nbsp;&nbsp; Nexi SpA (a) (b) | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp; Poste Italiane SpA (b) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 145 |
| &nbsp;&nbsp;&nbsp; Prysmian SpA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 401 |
| &nbsp;&nbsp;&nbsp; Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Ryanair Holdings plc | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 344 |
| &nbsp;&nbsp;&nbsp; Snam SpA | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 167 |
| &nbsp;&nbsp;&nbsp; Telecom Italia SpA \* | &nbsp;&nbsp; 138 | &nbsp;&nbsp; 93 |
| &nbsp;&nbsp;&nbsp; Terna - Rete Elettrica Nazionale | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 183 |
| &nbsp;&nbsp;&nbsp; UniCredit SpA | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 1468 |
| &nbsp;&nbsp;&nbsp; Unipol Assicurazioni SpA | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 95 |
|  |  | &nbsp;&nbsp; 8386 |
| **Ivory Coast — 0.0% ^** | **Ivory Coast — 0.0% ^** | **Ivory Coast — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Endeavour Mining plc | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 132 |
| **Japan — 2.7%** | **Japan — 2.7%** | **Japan — 2.7%** |
| &nbsp;&nbsp;&nbsp; Advantest Corp. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 1522 |
| &nbsp;&nbsp;&nbsp; Aeon Co. Ltd. | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 367 |
| &nbsp;&nbsp;&nbsp; AGC, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp; Aisin Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp; Ajinomoto Co., Inc. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 249 |
| &nbsp;&nbsp;&nbsp; ANA Holdings, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp; Asahi Group Holdings Ltd. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 192 |
| &nbsp;&nbsp;&nbsp; Asahi Kasei Corp. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 151 |
| &nbsp;&nbsp;&nbsp; Asics Corp. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 202 |
| &nbsp;&nbsp;&nbsp; Astellas Pharma, Inc. | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp; Bandai Namco Holdings, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp; Bridgestone Corp. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 311 |
| &nbsp;&nbsp;&nbsp; Canon, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 317 |
| &nbsp;&nbsp;&nbsp; Capcom Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 107 |
| &nbsp;&nbsp;&nbsp; Central Japan Railway Co. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 259 |
| &nbsp;&nbsp;&nbsp; Chiba Bank Ltd. (The) | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp; Chubu Electric Power Co., Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 119 |
| &nbsp;&nbsp;&nbsp; Chugai Pharmaceutical Co. Ltd. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 463 |
| &nbsp;&nbsp;&nbsp; Concordia Financial Group Ltd. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 113 |
| &nbsp;&nbsp;&nbsp; Dai Nippon Printing Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 84 |
| &nbsp;&nbsp;&nbsp; Daifuku Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 140 |
| &nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings, Inc. | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 371 |
| &nbsp;&nbsp;&nbsp; Daiichi Sankyo Co. Ltd. | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 396 |
| &nbsp;&nbsp;&nbsp; Daikin Industries Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 383 |
| &nbsp;&nbsp;&nbsp; Daito Trust Construction Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp; Daiwa House Industry Co. Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 228 |
| &nbsp;&nbsp;&nbsp; Daiwa Securities Group, Inc. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 156 |
| &nbsp;&nbsp;&nbsp; Denso Corp. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 291 |
| &nbsp;&nbsp;&nbsp; Disco Corp. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 469 |
| &nbsp;&nbsp;&nbsp; East Japan Railway Co. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 291 |
| &nbsp;&nbsp;&nbsp; Ebara Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 170 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Eisai Co. Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 89 |
| &nbsp;&nbsp;&nbsp; ENEOS Holdings, Inc. | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 275 |
| &nbsp;&nbsp;&nbsp; FANUC Corp. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 450 |
| &nbsp;&nbsp;&nbsp; Fast Retailing Co. Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 878 |
| &nbsp;&nbsp;&nbsp; Fuji Electric Co. Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 121 |
| &nbsp;&nbsp;&nbsp; FUJIFILM Holdings Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 268 |
| &nbsp;&nbsp;&nbsp; Fujikura Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 377 |
| &nbsp;&nbsp;&nbsp; Fujitsu Ltd. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 589 |
| &nbsp;&nbsp;&nbsp; Hankyu Hanshin Holdings, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 81 |
| &nbsp;&nbsp;&nbsp; Hikari Tsushin, Inc. | &nbsp;&nbsp; — | &nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp; Hitachi Ltd. | &nbsp;&nbsp; 55 | &nbsp;&nbsp; 1908 |
| &nbsp;&nbsp;&nbsp; Honda Motor Co. Ltd. | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 447 |
| &nbsp;&nbsp;&nbsp; Hoya Corp. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 688 |
| &nbsp;&nbsp;&nbsp; Hulic Co. Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; Idemitsu Kosan Co. Ltd. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp; IHI Corp. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 287 |
| &nbsp;&nbsp;&nbsp; Inpex Corp. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 237 |
| &nbsp;&nbsp;&nbsp; Isuzu Motors Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 103 |
| &nbsp;&nbsp;&nbsp; ITOCHU Corp. | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 915 |
| &nbsp;&nbsp;&nbsp; Japan Airlines Co. Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp; Japan Exchange Group, Inc. | &nbsp;&nbsp; 148 | &nbsp;&nbsp; 1619 |
| &nbsp;&nbsp;&nbsp; Japan Post Bank Co. Ltd. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 382 |
| &nbsp;&nbsp;&nbsp; Japan Post Holdings Co. Ltd. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 257 |
| &nbsp;&nbsp;&nbsp; Japan Post Insurance Co. Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; Japan Tobacco, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 520 |
| &nbsp;&nbsp;&nbsp; JFE Holdings, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 93 |
| &nbsp;&nbsp;&nbsp; JX Advanced Metals Corp. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 108 |
| &nbsp;&nbsp;&nbsp; Kajima Corp. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 208 |
| &nbsp;&nbsp;&nbsp; Kansai Electric Power Co., Inc. (The) | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp; Kao Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 224 |
| &nbsp;&nbsp;&nbsp; Kawasaki Heavy Industries Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 150 |
| &nbsp;&nbsp;&nbsp; Kawasaki Kisen Kaisha Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; KDDI Corp. | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 594 |
| &nbsp;&nbsp;&nbsp; Keyence Corp. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 5356 |
| &nbsp;&nbsp;&nbsp; Kikkoman Corp. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp; Kioxia Holdings Corp. \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 301 |
| &nbsp;&nbsp;&nbsp; Kirin Holdings Co. Ltd. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 145 |
| &nbsp;&nbsp;&nbsp; Kobe Bussan Co. Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 44 |
| &nbsp;&nbsp;&nbsp; Komatsu Ltd. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 436 |
| &nbsp;&nbsp;&nbsp; Konami Group Corp. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 175 |
| &nbsp;&nbsp;&nbsp; Kubota Corp. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 181 |
| &nbsp;&nbsp;&nbsp; Kyocera Corp. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 231 |
| &nbsp;&nbsp;&nbsp; Kyowa Kirin Co. Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Lasertec Corp. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 230 |
| &nbsp;&nbsp;&nbsp; LY Corp. | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 85 |
| &nbsp;&nbsp;&nbsp; M3, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; Makita Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 94 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Marubeni Corp. | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 563 |
| &nbsp;&nbsp;&nbsp; MatsukiyoCocokara & Co. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp; MINEBEA MITSUMI, Inc. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Chemical Group Corp. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 102 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Corp. | &nbsp;&nbsp; 39 | &nbsp;&nbsp; 1028 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Electric Corp. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 713 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Estate Co. Ltd. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 326 |
| &nbsp;&nbsp;&nbsp; Mitsubishi HC Capital, Inc. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 1134 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp; 399 | &nbsp;&nbsp; 7224 |
| &nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 970 |
| &nbsp;&nbsp;&nbsp; Mitsui Fudosan Co. Ltd. | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 365 |
| &nbsp;&nbsp;&nbsp; Mitsui OSK Lines Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 128 |
| &nbsp;&nbsp;&nbsp; Mizuho Financial Group, Inc. | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 1298 |
| &nbsp;&nbsp;&nbsp; MonotaRO Co. Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 395 |
| &nbsp;&nbsp;&nbsp; Murata Manufacturing Co. Ltd. | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 406 |
| &nbsp;&nbsp;&nbsp; NEC Corp. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 529 |
| &nbsp;&nbsp;&nbsp; Nexon Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 108 |
| &nbsp;&nbsp;&nbsp; NIDEC Corp. | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 143 |
| &nbsp;&nbsp;&nbsp; Nintendo Co. Ltd. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 824 |
| &nbsp;&nbsp;&nbsp; Nippon Building Fund, Inc., REIT | &nbsp;&nbsp; — | &nbsp;&nbsp; 87 |
| &nbsp;&nbsp;&nbsp; Nippon Paint Holdings Co. Ltd. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Nippon Sanso Holdings Corp. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp; Nippon Steel Corp. | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 242 |
| &nbsp;&nbsp;&nbsp; Nippon Yusen KK | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 164 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd. \* | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; Nitori Holdings Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp; Nitto Denko Corp. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 327 |
| &nbsp;&nbsp;&nbsp; Nomura Research Institute Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 137 |
| &nbsp;&nbsp;&nbsp; NTT, Inc. | &nbsp;&nbsp; 359 | &nbsp;&nbsp; 361 |
| &nbsp;&nbsp;&nbsp; Obayashi Corp. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 172 |
| &nbsp;&nbsp;&nbsp; Obic Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 108 |
| &nbsp;&nbsp;&nbsp; Olympus Corp. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 164 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; Oriental Land Co. Ltd. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 228 |
| &nbsp;&nbsp;&nbsp; ORIX Corp. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 427 |
| &nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 161 |
| &nbsp;&nbsp;&nbsp; Otsuka Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Otsuka Holdings Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 311 |
| &nbsp;&nbsp;&nbsp; Pan Pacific International Holdings Corp. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 136 |
| &nbsp;&nbsp;&nbsp; Panasonic Holdings Corp. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 384 |
| &nbsp;&nbsp;&nbsp; Rakuten Group, Inc. \* | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 109 |
| &nbsp;&nbsp;&nbsp; Recruit Holdings Co. Ltd. | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 890 |
| &nbsp;&nbsp;&nbsp; Renesas Electronics Corp. \* | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 356 |
| &nbsp;&nbsp;&nbsp; Resona Holdings, Inc. | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 290 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Ryohin Keikaku Co. Ltd. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 122 |
| &nbsp;&nbsp;&nbsp; Sanrio Co. Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; SBI Holdings, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 154 |
| &nbsp;&nbsp;&nbsp; SCREEN Holdings Co. Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 127 |
| &nbsp;&nbsp;&nbsp; Secom Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 176 |
| &nbsp;&nbsp;&nbsp; Seibu Holdings, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; Sekisui Chemical Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 80 |
| &nbsp;&nbsp;&nbsp; Sekisui House Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 160 |
| &nbsp;&nbsp;&nbsp; Seven & i Holdings Co. Ltd. | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 358 |
| &nbsp;&nbsp;&nbsp; SG Holdings Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; Shimadzu Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Shimano, Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 103 |
| &nbsp;&nbsp;&nbsp; Shin-Etsu Chemical Co. Ltd. | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 668 |
| &nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 187 |
| &nbsp;&nbsp;&nbsp; Shiseido Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp; SMC Corp. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 272 |
| &nbsp;&nbsp;&nbsp; SoftBank Corp. | &nbsp;&nbsp; 345 | &nbsp;&nbsp; 469 |
| &nbsp;&nbsp;&nbsp; SoftBank Group Corp. | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 1256 |
| &nbsp;&nbsp;&nbsp; Sompo Holdings, Inc. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 369 |
| &nbsp;&nbsp;&nbsp; Sony Financial Group, Inc. \* | &nbsp;&nbsp; 73 | &nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp; Sony Group Corp. | &nbsp;&nbsp; 278 | &nbsp;&nbsp; 6132 |
| &nbsp;&nbsp;&nbsp; Subaru Corp. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 150 |
| &nbsp;&nbsp;&nbsp; Sumitomo Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 532 |
| &nbsp;&nbsp;&nbsp; Sumitomo Electric Industries Ltd. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp; Sumitomo Metal Mining Co. Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 170 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 1548 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp; Sumitomo Realty & Development Co. Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 206 |
| &nbsp;&nbsp;&nbsp; Suntory Beverage & Food Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Suzuki Motor Corp. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 258 |
| &nbsp;&nbsp;&nbsp; Sysmex Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp; T&D Holdings, Inc. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 138 |
| &nbsp;&nbsp;&nbsp; Taisei Corp. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 180 |
| &nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 650 |
| &nbsp;&nbsp;&nbsp; TDK Corp. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp; Terumo Corp. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 209 |
| &nbsp;&nbsp;&nbsp; TIS, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Toho Co. Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; Tokio Marine Holdings, Inc. | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 824 |
| &nbsp;&nbsp;&nbsp; Tokyo Electron Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1439 |
| &nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 169 |
| &nbsp;&nbsp;&nbsp; Tokyo Metro Co. Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 37 |
| &nbsp;&nbsp;&nbsp; Tokyu Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; TOPPAN Holdings, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 86 |
| &nbsp;&nbsp;&nbsp; Toray Industries, Inc. | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 123 |
| &nbsp;&nbsp;&nbsp; Toyota Industries Corp. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 256 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | &nbsp;&nbsp; 329 | &nbsp;&nbsp; 7459 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Japan — continued** | **Japan — continued** | **Japan — continued** |
| &nbsp;&nbsp;&nbsp; Toyota Tsusho Corp. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp; Trend Micro, Inc. \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp; Tsuruha Holdings, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp; Unicharm Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 81 |
| &nbsp;&nbsp;&nbsp; West Japan Railway Co. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 100 |
| &nbsp;&nbsp;&nbsp; Yamaha Motor Co. Ltd. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 83 |
| &nbsp;&nbsp;&nbsp; Yokogawa Electric Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; Zensho Holdings Co. Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; ZOZO, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 45 |
|  |  | &nbsp;&nbsp; 77842 |
| **Kazakhstan — 0.0% ^** | **Kazakhstan — 0.0% ^** | **Kazakhstan — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Kaspi.KZ JSC, ADR \* | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 520 |
| **Luxembourg — 0.0% ^** | **Luxembourg — 0.0% ^** | **Luxembourg — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 305 |
| &nbsp;&nbsp;&nbsp; CVC Capital Partners plc (b) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; Eurofins Scientific SE | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 115 |
|  |  | &nbsp;&nbsp; 465 |
| **Macau — 0.0% ^** | **Macau — 0.0% ^** | **Macau — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Galaxy Entertainment Group Ltd. | &nbsp;&nbsp; 148 | &nbsp;&nbsp; 752 |
| &nbsp;&nbsp;&nbsp; Sands China Ltd. | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 63 |
|  |  | &nbsp;&nbsp; 815 |
| **Malaysia — 0.0% ^** | **Malaysia — 0.0% ^** | **Malaysia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Malayan Banking Bhd. | &nbsp;&nbsp; 379 | &nbsp;&nbsp; 1134 |
| **Mexico — 0.2%** | **Mexico — 0.2%** | **Mexico — 0.2%** |
| &nbsp;&nbsp;&nbsp; Arca Continental SAB de CV | &nbsp;&nbsp; 73 | &nbsp;&nbsp; 827 |
| &nbsp;&nbsp;&nbsp; Fresnillo plc | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 130 |
| &nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, ADR | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 1177 |
| &nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp; 113 | &nbsp;&nbsp; 1275 |
| &nbsp;&nbsp;&nbsp; Regional SAB de CV | &nbsp;&nbsp; 129 | &nbsp;&nbsp; 1160 |
| &nbsp;&nbsp;&nbsp; Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp; 308 | &nbsp;&nbsp; 977 |
|  |  | &nbsp;&nbsp; 5546 |
| **Netherlands — 0.8%** | **Netherlands — 0.8%** | **Netherlands — 0.8%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, CVA (b) | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 258 |
| &nbsp;&nbsp;&nbsp; Adyen NV \* (b) | &nbsp;&nbsp; — | &nbsp;&nbsp; 449 |
| &nbsp;&nbsp;&nbsp; Akzo Nobel NV | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 144 |
| &nbsp;&nbsp;&nbsp; Argenx SE \* | &nbsp;&nbsp; — | &nbsp;&nbsp; 623 |
| &nbsp;&nbsp;&nbsp; ASM International NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 473 |
| &nbsp;&nbsp;&nbsp; ASML Holding NV | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 14113 |
| &nbsp;&nbsp;&nbsp; ASR Nederland NV | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 137 |
| &nbsp;&nbsp;&nbsp; BE Semiconductor Industries NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 171 |
| &nbsp;&nbsp;&nbsp; Euronext NV (b) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 128 |
| &nbsp;&nbsp;&nbsp; EXOR NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp; Heineken Holding NV | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 115 |
| &nbsp;&nbsp;&nbsp; Heineken NV | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 2177 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Netherlands — continued** | **Netherlands — continued** | **Netherlands — continued** |
| &nbsp;&nbsp;&nbsp; IMCD NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp; ING Groep NV | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 1071 |
| &nbsp;&nbsp;&nbsp; JDE Peet's NV | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize NV | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 421 |
| &nbsp;&nbsp;&nbsp; Koninklijke KPN NV | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 228 |
| &nbsp;&nbsp;&nbsp; Koninklijke Philips NV | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 266 |
| &nbsp;&nbsp;&nbsp; Magnum Ice Cream Co. NV (The) \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 105 |
| &nbsp;&nbsp;&nbsp; Nebius Group NV \* (a) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 217 |
| &nbsp;&nbsp;&nbsp; NN Group NV | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 256 |
| &nbsp;&nbsp;&nbsp; NXP Semiconductors NV | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 1761 |
| &nbsp;&nbsp;&nbsp; Randstad NV | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp; uniQure NV \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 137 |
| &nbsp;&nbsp;&nbsp; Universal Music Group NV | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 324 |
| &nbsp;&nbsp;&nbsp; Wolters Kluwer NV | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 262 |
|  |  | &nbsp;&nbsp; 24117 |
| **New Zealand — 0.0% ^** | **New Zealand — 0.0% ^** | **New Zealand — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Auckland International Airport Ltd. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 101 |
| &nbsp;&nbsp;&nbsp; Contact Energy Ltd. | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp; Fisher & Paykel Healthcare Corp. Ltd. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp; Infratil Ltd. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp; Meridian Energy Ltd. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Xero Ltd. \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 130 |
|  |  | &nbsp;&nbsp; 581 |
| **Norway — 0.1%** | **Norway — 0.1%** | **Norway — 0.1%** |
| &nbsp;&nbsp;&nbsp; Aker BP ASA | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 111 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 306 |
| &nbsp;&nbsp;&nbsp; Equinor ASA | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 247 |
| &nbsp;&nbsp;&nbsp; Gjensidige Forsikring ASA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; Kongsberg Gruppen ASA | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp; Mowi ASA | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 129 |
| &nbsp;&nbsp;&nbsp; Norsk Hydro ASA | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 147 |
| &nbsp;&nbsp;&nbsp; Orkla ASA | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 100 |
| &nbsp;&nbsp;&nbsp; Salmar ASA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp; Telenor ASA | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 125 |
|  |  | &nbsp;&nbsp; 1463 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| &nbsp;&nbsp;&nbsp; Intercorp Financial Services, Inc. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 1373 |
| **Poland — 0.0% ^** | **Poland — 0.0% ^** | **Poland — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; InPost SA \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 47 |
| **Portugal — 0.0% ^** | **Portugal — 0.0% ^** | **Portugal — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Banco Comercial Portugues SA, Class R (a) | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 98 |
| &nbsp;&nbsp;&nbsp; EDP SA | &nbsp;&nbsp; 38 | &nbsp;&nbsp; 193 |
| &nbsp;&nbsp;&nbsp; Galp Energia SGPS SA | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 100 |
| &nbsp;&nbsp;&nbsp; Jeronimo Martins SGPS SA | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 600 |
|  |  | &nbsp;&nbsp; 991 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Russia — 0.0%** | **Russia — 0.0%** | **Russia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Severstal PAO, GDR ‡ \* (b) | &nbsp;&nbsp; 58 | &nbsp;&nbsp; —<br> (d)<br>|
| **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** | **Saudi Arabia — 0.1%** |
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank | &nbsp;&nbsp; 108 | &nbsp;&nbsp; 3071 |
| **Singapore — 0.4%** | **Singapore — 0.4%** | **Singapore — 0.4%** |
| &nbsp;&nbsp;&nbsp; CapitaLand Ascendas, REIT | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 105 |
| &nbsp;&nbsp;&nbsp; CapitaLand Integrated Commercial Trust, REIT | &nbsp;&nbsp; 73 | &nbsp;&nbsp; 137 |
| &nbsp;&nbsp;&nbsp; CapitaLand Investment Ltd. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | &nbsp;&nbsp; 127 | &nbsp;&nbsp; 5913 |
| &nbsp;&nbsp;&nbsp; Grab Holdings Ltd., Class A \* | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 123 |
| &nbsp;&nbsp;&nbsp; Keppel Ltd. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 151 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 679 |
| &nbsp;&nbsp;&nbsp; Sea Ltd., ADR \* | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 1359 |
| &nbsp;&nbsp;&nbsp; Sembcorp Industries Ltd. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; Singapore Airlines Ltd. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 94 |
| &nbsp;&nbsp;&nbsp; Singapore Exchange Ltd. | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 143 |
| &nbsp;&nbsp;&nbsp; Singapore Technologies Engineering Ltd. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 144 |
| &nbsp;&nbsp;&nbsp; Singapore Telecommunications Ltd. | &nbsp;&nbsp; 292 | &nbsp;&nbsp; 1054 |
| &nbsp;&nbsp;&nbsp; STMicroelectronics NV | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 230 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 455 |
|  |  | &nbsp;&nbsp; 10706 |
| **South Africa — 0.4%** | **South Africa — 0.4%** | **South Africa — 0.4%** |
| &nbsp;&nbsp;&nbsp; Absa Group Ltd. | &nbsp;&nbsp; 98 | &nbsp;&nbsp; 1549 |
| &nbsp;&nbsp;&nbsp; Anglo American plc | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 623 |
| &nbsp;&nbsp;&nbsp; Capitec Bank Holdings Ltd. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 1073 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd. | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 2379 |
| &nbsp;&nbsp;&nbsp; Gold Fields Ltd., ADR | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 1556 |
| &nbsp;&nbsp;&nbsp; MTN Group Ltd. | &nbsp;&nbsp; 90 | &nbsp;&nbsp; 999 |
| &nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd. \* | &nbsp;&nbsp; 304 | &nbsp;&nbsp; 1321 |
| &nbsp;&nbsp;&nbsp; Woolworths Holdings Ltd. | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 590 |
|  |  | &nbsp;&nbsp; 10090 |
| **South Korea — 1.4%** | **South Korea — 1.4%** | **South Korea — 1.4%** |
| &nbsp;&nbsp;&nbsp; APR Corp. \* | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 932 |
| &nbsp;&nbsp;&nbsp; Coupang, Inc. \* | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 411 |
| &nbsp;&nbsp;&nbsp; Delivery Hero SE \* (a) (b) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp; Hana Financial Group, Inc. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 1108 |
| &nbsp;&nbsp;&nbsp; HD Hyundai Electric Co. Ltd. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 897 |
| &nbsp;&nbsp;&nbsp; Hugel, Inc. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 475 |
| &nbsp;&nbsp;&nbsp; Hyundai Glovis Co. Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 919 |
| &nbsp;&nbsp;&nbsp; JB Financial Group Co. Ltd. | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 835 |
| &nbsp;&nbsp;&nbsp; JYP Entertainment Corp. \* | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 614 |
| &nbsp;&nbsp;&nbsp; KakaoBank Corp. | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 683 |
| &nbsp;&nbsp;&nbsp; Kia Corp. | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 2759 |
| &nbsp;&nbsp;&nbsp; Korea Aerospace Industries Ltd. | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 1768 |
| &nbsp;&nbsp;&nbsp; KT Corp. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 463 |
| &nbsp;&nbsp;&nbsp; KT Corp., ADR | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 1208 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **South Korea — continued** | **South Korea — continued** | **South Korea — continued** |
| &nbsp;&nbsp;&nbsp; Samsung Biologics Co. Ltd. \* (b) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 801 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | &nbsp;&nbsp; 144 | &nbsp;&nbsp; 15903 |
| &nbsp;&nbsp;&nbsp; SK hynix, Inc. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 9960 |
| &nbsp;&nbsp;&nbsp; S-Oil Corp. \* | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 726 |
|  |  | &nbsp;&nbsp; 40526 |
| **Spain — 0.3%** | **Spain — 0.3%** | **Spain — 0.3%** |
| &nbsp;&nbsp;&nbsp; Acciona SA | &nbsp;&nbsp; — | &nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 238 |
| &nbsp;&nbsp;&nbsp; Aena SME SA (b) | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 279 |
| &nbsp;&nbsp;&nbsp; Amadeus IT Group SA | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 363 |
| &nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp; 69 | &nbsp;&nbsp; 1758 |
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 236 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA | &nbsp;&nbsp; 179 | &nbsp;&nbsp; 2284 |
| &nbsp;&nbsp;&nbsp; Bankinter SA | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 138 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 618 |
| &nbsp;&nbsp;&nbsp; Cellnex Telecom SA (b) | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 183 |
| &nbsp;&nbsp;&nbsp; EDP Renovaveis SA | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp; Endesa SA (a) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 141 |
| &nbsp;&nbsp;&nbsp; Grifols SA | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 46 |
| &nbsp;&nbsp;&nbsp; Iberdrola SA | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 1738 |
| &nbsp;&nbsp;&nbsp; Industria de Diseno Textil SA | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 853 |
| &nbsp;&nbsp;&nbsp; Mapfre SA | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; Naturgy Energy Group SA | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Redeia Corp. SA (a) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 84 |
| &nbsp;&nbsp;&nbsp; Repsol SA | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 267 |
| &nbsp;&nbsp;&nbsp; Telefonica SA | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 179 |
|  |  | &nbsp;&nbsp; 9667 |
| **Sweden — 0.6%** | **Sweden — 0.6%** | **Sweden — 0.6%** |
| &nbsp;&nbsp;&nbsp; AddTech AB, Class B | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 101 |
| &nbsp;&nbsp;&nbsp; Alfa Laval AB | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 201 |
| &nbsp;&nbsp;&nbsp; Assa Abloy AB, Class B | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 487 |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class A | &nbsp;&nbsp; 212 | &nbsp;&nbsp; 4363 |
| &nbsp;&nbsp;&nbsp; Atlas Copco AB, Class B | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 337 |
| &nbsp;&nbsp;&nbsp; Beijer Ref AB | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp; Boliden AB \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 239 |
| &nbsp;&nbsp;&nbsp; Epiroc AB, Class A | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 222 |
| &nbsp;&nbsp;&nbsp; Epiroc AB, Class B | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 116 |
| &nbsp;&nbsp;&nbsp; EQT AB (a) | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 225 |
| &nbsp;&nbsp;&nbsp; Essity AB, Class B | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 214 |
| &nbsp;&nbsp;&nbsp; Evolution AB (a) (b) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 104 |
| &nbsp;&nbsp;&nbsp; Fastighets AB Balder, Class B \* (a) | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; H & M Hennes & Mauritz AB, Class B | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 119 |
| &nbsp;&nbsp;&nbsp; Hexagon AB, Class B | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 281 |
| &nbsp;&nbsp;&nbsp; Holmen AB, Class B | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp; Industrivarden AB, Class A | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp; Industrivarden AB, Class C (a) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 94 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Sweden — continued** | **Sweden — continued** | **Sweden — continued** |
| &nbsp;&nbsp;&nbsp; Indutrade AB | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp; Investment AB Latour, Class B | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 44 |
| &nbsp;&nbsp;&nbsp; Investor AB, Class B | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 844 |
| &nbsp;&nbsp;&nbsp; L E Lundbergforetagen AB, Class B | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Lifco AB, Class B | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 96 |
| &nbsp;&nbsp;&nbsp; Nibe Industrier AB, Class B (a) | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp; Saab AB, Class B (a) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 300 |
| &nbsp;&nbsp;&nbsp; Sagax AB, Class B | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp; Sandvik AB | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 506 |
| &nbsp;&nbsp;&nbsp; Securitas AB, Class B | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 97 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 391 |
| &nbsp;&nbsp;&nbsp; Skanska AB, Class B | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 124 |
| &nbsp;&nbsp;&nbsp; SKF AB, Class B | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 107 |
| &nbsp;&nbsp;&nbsp; Svenska Cellulosa AB SCA, Class B (a) | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, Class A (a) | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 276 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, Class A | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 397 |
| &nbsp;&nbsp;&nbsp; Swedish Orphan Biovitrum AB \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; Tele2 AB, Class B | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 120 |
| &nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, Class B | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 364 |
| &nbsp;&nbsp;&nbsp; Telia Co. AB | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 129 |
| &nbsp;&nbsp;&nbsp; Trelleborg AB, Class B | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 99 |
| &nbsp;&nbsp;&nbsp; Volvo AB, Class B | &nbsp;&nbsp; 147 | &nbsp;&nbsp; 5329 |
|  |  | &nbsp;&nbsp; 17003 |
| **Switzerland — 0.5%** | **Switzerland — 0.5%** | **Switzerland — 0.5%** |
| &nbsp;&nbsp;&nbsp; ABB Ltd. (Registered) | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 1622 |
| &nbsp;&nbsp;&nbsp; Avolta AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp; Banque Cantonale Vaudoise (Registered) (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 49 |
| &nbsp;&nbsp;&nbsp; Barry Callebaut AG (Registered) | &nbsp;&nbsp; — | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Belimo Holding AG (Registered) | &nbsp;&nbsp; — | &nbsp;&nbsp; 129 |
| &nbsp;&nbsp;&nbsp; BKW AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 158 |
| &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG (Registered) | &nbsp;&nbsp; — | &nbsp;&nbsp; 148 |
| &nbsp;&nbsp;&nbsp; Cie Financiere Richemont SA (Registered) | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1254 |
| &nbsp;&nbsp;&nbsp; DSM-Firmenich AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 164 |
| &nbsp;&nbsp;&nbsp; EMS-Chemie Holding AG (Registered) | &nbsp;&nbsp; — | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; Galderma Group AG | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 346 |
| &nbsp;&nbsp;&nbsp; Geberit AG (Registered) (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 312 |
| &nbsp;&nbsp;&nbsp; Givaudan SA (Registered) | &nbsp;&nbsp; — | &nbsp;&nbsp; 429 |
| &nbsp;&nbsp;&nbsp; Helvetia Baloise Holding AG | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 240 |
| &nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 206 |
| &nbsp;&nbsp;&nbsp; Kuehne + Nagel International AG (Registered) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 134 |
| &nbsp;&nbsp;&nbsp; Logitech International SA (Registered) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 158 |
| &nbsp;&nbsp;&nbsp; Lonza Group AG (Registered) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 573 |
| &nbsp;&nbsp;&nbsp; Partners Group Holding AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 372 |
| &nbsp;&nbsp;&nbsp; Sandoz Group AG (a) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 398 |
| &nbsp;&nbsp;&nbsp; Schindler Holding AG (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 189 |
| &nbsp;&nbsp;&nbsp; Schindler Holding AG (Registered) | &nbsp;&nbsp; — | &nbsp;&nbsp; 103 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Switzerland — continued** | **Switzerland — continued** | **Switzerland — continued** |
| &nbsp;&nbsp;&nbsp; SGS SA (Registered) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 239 |
| &nbsp;&nbsp;&nbsp; Sika AG (Registered) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 352 |
| &nbsp;&nbsp;&nbsp; Sonova Holding AG (Registered) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 166 |
| &nbsp;&nbsp;&nbsp; Straumann Holding AG (Registered) (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 161 |
| &nbsp;&nbsp;&nbsp; Swatch Group AG (The) (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp; Swiss Life Holding AG (Registered) (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp; Swiss Prime Site AG (Registered) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 164 |
| &nbsp;&nbsp;&nbsp; Swisscom AG (Registered) (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 255 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (Registered) | &nbsp;&nbsp; 96 | &nbsp;&nbsp; 4519 |
| &nbsp;&nbsp;&nbsp; VAT Group AG (a) (b) | &nbsp;&nbsp; — | &nbsp;&nbsp; 209 |
| &nbsp;&nbsp;&nbsp; Zurich Insurance Group AG (a) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1251 |
|  |  | &nbsp;&nbsp; 15011 |
| **Taiwan — 2.1%** | **Taiwan — 2.1%** | **Taiwan — 2.1%** |
| &nbsp;&nbsp;&nbsp; Accton Technology Corp. | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 839 |
| &nbsp;&nbsp;&nbsp; ASE Technology Holding Co. Ltd. | &nbsp;&nbsp; 178 | &nbsp;&nbsp; 1655 |
| &nbsp;&nbsp;&nbsp; CTBC Financial Holding Co. Ltd. | &nbsp;&nbsp; 792 | &nbsp;&nbsp; 1276 |
| &nbsp;&nbsp;&nbsp; Delta Electronics, Inc. | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 3015 |
| &nbsp;&nbsp;&nbsp; Elite Material Co. Ltd. | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 1139 |
| &nbsp;&nbsp;&nbsp; Formosa Chemicals & Fibre Corp. | &nbsp;&nbsp; 614 | &nbsp;&nbsp; 822 |
| &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co. Ltd. | &nbsp;&nbsp; 76 | &nbsp;&nbsp; 525 |
| &nbsp;&nbsp;&nbsp; MediaTek, Inc. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 666 |
| &nbsp;&nbsp;&nbsp; Quanta Computer, Inc. | &nbsp;&nbsp; 119 | &nbsp;&nbsp; 1047 |
| &nbsp;&nbsp;&nbsp; Realtek Semiconductor Corp. | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 1102 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | &nbsp;&nbsp; 683 | &nbsp;&nbsp; 37754 |
| &nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd., ADR | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 8109 |
| &nbsp;&nbsp;&nbsp; Wiwynn Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 1503 |
| &nbsp;&nbsp;&nbsp; Yuanta Financial Holding Co. Ltd. | &nbsp;&nbsp; 663 | &nbsp;&nbsp; 903 |
| &nbsp;&nbsp;&nbsp; Zhen Ding Technology Holding Ltd. | &nbsp;&nbsp; 130 | &nbsp;&nbsp; 801 |
|  |  | &nbsp;&nbsp; 61156 |
| **Turkey — 0.0% ^** | **Turkey — 0.0% ^** | **Turkey — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; BIM Birlesik Magazalar A/S | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 827 |
| **United Arab Emirates — 0.1%** | **United Arab Emirates — 0.1%** | **United Arab Emirates — 0.1%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Islamic Bank PJSC | &nbsp;&nbsp; 153 | &nbsp;&nbsp; 1013 |
| &nbsp;&nbsp;&nbsp; ADNOC Drilling Co. PJSC | &nbsp;&nbsp; 365 | &nbsp;&nbsp; 530 |
| &nbsp;&nbsp;&nbsp; Emaar Properties PJSC | &nbsp;&nbsp; 312 | &nbsp;&nbsp; 1277 |
| &nbsp;&nbsp;&nbsp; NMC Health plc ‡ \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; —<br> (d)<br>|
|  |  | &nbsp;&nbsp; 2820 |
| **United Kingdom — 1.2%** | **United Kingdom — 1.2%** | **United Kingdom — 1.2%** |
| &nbsp;&nbsp;&nbsp; 3i Group plc | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 548 |
| &nbsp;&nbsp;&nbsp; Admiral Group plc | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 118 |
| &nbsp;&nbsp;&nbsp; Ashtead Group plc | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 326 |
| &nbsp;&nbsp;&nbsp; Associated British Foods plc | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 101 |
| &nbsp;&nbsp;&nbsp; AstraZeneca plc | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 3472 |
| &nbsp;&nbsp;&nbsp; Autotrader Group plc (b) | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp; Aviva plc | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 320 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — continued** | **United Kingdom — continued** | **United Kingdom — continued** |
| &nbsp;&nbsp;&nbsp; BAE Systems plc | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 981 |
| &nbsp;&nbsp;&nbsp; Barclays plc | &nbsp;&nbsp; 168 | &nbsp;&nbsp; 1120 |
| &nbsp;&nbsp;&nbsp; Barratt Redrow plc | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 87 |
| &nbsp;&nbsp;&nbsp; British American Tobacco plc | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 1587 |
| &nbsp;&nbsp;&nbsp; BT Group plc | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 188 |
| &nbsp;&nbsp;&nbsp; Bunzl plc | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; Centrica plc | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 148 |
| &nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 261 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners plc | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 229 |
| &nbsp;&nbsp;&nbsp; Compass Group plc | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 612 |
| &nbsp;&nbsp;&nbsp; DCC plc | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp; Diageo plc | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 616 |
| &nbsp;&nbsp;&nbsp; Entain plc | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp; Halma plc | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 221 |
| &nbsp;&nbsp;&nbsp; Hikma Pharmaceuticals plc | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc | &nbsp;&nbsp; 207 | &nbsp;&nbsp; 3649 |
| &nbsp;&nbsp;&nbsp; Imperial Brands plc | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 387 |
| &nbsp;&nbsp;&nbsp; Informa plc | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 188 |
| &nbsp;&nbsp;&nbsp; InterContinental Hotels Group plc | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 235 |
| &nbsp;&nbsp;&nbsp; International Consolidated Airlines Group SA | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 81 |
| &nbsp;&nbsp;&nbsp; Intertek Group plc | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 114 |
| &nbsp;&nbsp;&nbsp; J Sainsbury plc | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; JD Sports Fashion plc | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp; Kingfisher plc | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 96 |
| &nbsp;&nbsp;&nbsp; Land Securities Group plc, REIT | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp; Legal & General Group plc | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 249 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group plc | &nbsp;&nbsp; 711 | &nbsp;&nbsp; 1062 |
| &nbsp;&nbsp;&nbsp; London Stock Exchange Group plc | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 626 |
| &nbsp;&nbsp;&nbsp; M&G plc | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 116 |
| &nbsp;&nbsp;&nbsp; Marks & Spencer Group plc | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 124 |
| &nbsp;&nbsp;&nbsp; Melrose Industries plc | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 130 |
| &nbsp;&nbsp;&nbsp; National Grid plc | &nbsp;&nbsp; 60 | &nbsp;&nbsp; 1013 |
| &nbsp;&nbsp;&nbsp; NatWest Group plc | &nbsp;&nbsp; 360 | &nbsp;&nbsp; 3284 |
| &nbsp;&nbsp;&nbsp; Next plc | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp; Pearson plc | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Phoenix Group Holdings plc | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 85 |
| &nbsp;&nbsp;&nbsp; Reckitt Benckiser Group plc | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 676 |
| &nbsp;&nbsp;&nbsp; RELX plc | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 777 |
| &nbsp;&nbsp;&nbsp; Rentokil Initial plc | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 188 |
| &nbsp;&nbsp;&nbsp; Rolls-Royce Holdings plc | &nbsp;&nbsp; 101 | &nbsp;&nbsp; 1691 |
| &nbsp;&nbsp;&nbsp; Sage Group plc (The) | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 152 |
| &nbsp;&nbsp;&nbsp; Schroders plc | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Segro plc, REIT | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 161 |
| &nbsp;&nbsp;&nbsp; Severn Trent plc | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 130 |
| &nbsp;&nbsp;&nbsp; Smith & Nephew plc | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp; Smiths Group plc | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 135 |
| &nbsp;&nbsp;&nbsp; Spirax Group plc | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 88 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United Kingdom — continued** | **United Kingdom — continued** | **United Kingdom — continued** |
| &nbsp;&nbsp;&nbsp; SSE plc | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 482 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 598 |
| &nbsp;&nbsp;&nbsp; TechnipFMC plc | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 1878 |
| &nbsp;&nbsp;&nbsp; Tesco plc | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 454 |
| &nbsp;&nbsp;&nbsp; Unilever plc | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 1781 |
| &nbsp;&nbsp;&nbsp; United Utilities Group plc | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 140 |
| &nbsp;&nbsp;&nbsp; Vodafone Group plc | &nbsp;&nbsp; 230 | &nbsp;&nbsp; 339 |
| &nbsp;&nbsp;&nbsp; Whitbread plc | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Wise plc, Class A \* | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 103 |
|  |  | &nbsp;&nbsp; 33344 |
| **United States — 27.6%** | **United States — 27.6%** | **United States — 27.6%** |
| &nbsp;&nbsp;&nbsp; 3M Co. | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 5448 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 6529 |
| &nbsp;&nbsp;&nbsp; Accenture plc, Class A | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 7953 |
| &nbsp;&nbsp;&nbsp; Aegon Ltd. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 125 |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc., Class A \* | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 311 |
| &nbsp;&nbsp;&nbsp; Alaska Air Group, Inc. \* | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 855 |
| &nbsp;&nbsp;&nbsp; Albemarle Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 2160 |
| &nbsp;&nbsp;&nbsp; Alcoa Corp. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 1594 |
| &nbsp;&nbsp;&nbsp; Alcon AG | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 486 |
| &nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc. \* | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1628 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class A | &nbsp;&nbsp; 37 | &nbsp;&nbsp; 12531 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc., Class C | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 21237 |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. \* | &nbsp;&nbsp; 151 | &nbsp;&nbsp; 36033 |
| &nbsp;&nbsp;&nbsp; American Express Co. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 5770 |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent, Class A, REIT | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 451 |
| &nbsp;&nbsp;&nbsp; American Tower Corp., REIT | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 3086 |
| &nbsp;&nbsp;&nbsp; AMETEK, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 2094 |
| &nbsp;&nbsp;&nbsp; Amphenol Corp., Class A | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 3459 |
| &nbsp;&nbsp;&nbsp; Amrize Ltd. \* | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 1357 |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 2506 |
| &nbsp;&nbsp;&nbsp; Andersen Group, Inc., Class A \* (a) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; AP Moller - Maersk A/S, Class A | &nbsp;&nbsp; — | &nbsp;&nbsp; 86 |
| &nbsp;&nbsp;&nbsp; AP Moller - Maersk A/S, Class B (a) | &nbsp;&nbsp; — | &nbsp;&nbsp; 116 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | &nbsp;&nbsp; 130 | &nbsp;&nbsp; 33774 |
| &nbsp;&nbsp;&nbsp; AppLovin Corp., Class A \* | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 1658 |
| &nbsp;&nbsp;&nbsp; Arch Capital Group Ltd. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 317 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1834 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 3241 |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 5393 |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc., REIT | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 1035 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Ltd. \* | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 445 |
| &nbsp;&nbsp;&nbsp; Baker Hughes Co., Class A | &nbsp;&nbsp; 80 | &nbsp;&nbsp; 4505 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. | &nbsp;&nbsp; 204 | &nbsp;&nbsp; 10858 |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc., Class B \* | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 6649 |
| &nbsp;&nbsp;&nbsp; Best Buy Co., Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 430 |
| &nbsp;&nbsp;&nbsp; Biogen, Inc. \* | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1234 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc. \* | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 2075 |
| &nbsp;&nbsp;&nbsp; Boeing Co. (The) \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 1323 |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 3351 |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 779 |
| &nbsp;&nbsp;&nbsp; BP plc | &nbsp;&nbsp; 189 | &nbsp;&nbsp; 1199 |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | &nbsp;&nbsp; 130 | &nbsp;&nbsp; 7176 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 19210 |
| &nbsp;&nbsp;&nbsp; Burlington Stores, Inc. \* | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 2505 |
| &nbsp;&nbsp;&nbsp; Buzzi SpA | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp; BWX Technologies, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 1816 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1558 |
| &nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 286 |
| &nbsp;&nbsp;&nbsp; Carvana Co. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1394 |
| &nbsp;&nbsp;&nbsp; Casey's General Stores, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1211 |
| &nbsp;&nbsp;&nbsp; CBRE Group, Inc., Class A \* | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 1774 |
| &nbsp;&nbsp;&nbsp; CDW Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 393 |
| &nbsp;&nbsp;&nbsp; Celanese Corp. | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 454 |
| &nbsp;&nbsp;&nbsp; Cencora, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 2723 |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The) | &nbsp;&nbsp; 97 | &nbsp;&nbsp; 10103 |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The) | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 697 |
| &nbsp;&nbsp;&nbsp; Chevron Corp. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 927 |
| &nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc., Class A \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 221 |
| &nbsp;&nbsp;&nbsp; Chubb Ltd. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 522 |
| &nbsp;&nbsp;&nbsp; Ciena Corp. \* | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1807 |
| &nbsp;&nbsp;&nbsp; Cigna Group (The) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 925 |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 481 |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. \* | &nbsp;&nbsp; 44 | &nbsp;&nbsp; 607 |
| &nbsp;&nbsp;&nbsp; Cloudflare, Inc., Class A \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 585 |
| &nbsp;&nbsp;&nbsp; CME Group, Inc. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 5221 |
| &nbsp;&nbsp;&nbsp; Columbia Sportswear Co. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 305 |
| &nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 1832 |
| &nbsp;&nbsp;&nbsp; ConocoPhillips | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 1027 |
| &nbsp;&nbsp;&nbsp; Corning, Inc. | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 2600 |
| &nbsp;&nbsp;&nbsp; Corpay, Inc. \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 1819 |
| &nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc., Class A \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1411 |
| &nbsp;&nbsp;&nbsp; CyberArk Software Ltd. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 262 |
| &nbsp;&nbsp;&nbsp; Danaher Corp. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1570 |
| &nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 2606 |
| &nbsp;&nbsp;&nbsp; Deere & Co. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 831 |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | &nbsp;&nbsp; 68 | &nbsp;&nbsp; 4120 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc., Class A \* | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 2301 |
| &nbsp;&nbsp;&nbsp; Dover Corp. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 994 |
| &nbsp;&nbsp;&nbsp; EastGroup Properties, Inc., REIT | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 234 |
| &nbsp;&nbsp;&nbsp; Eaton Corp. plc | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1718 |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1065 |
| &nbsp;&nbsp;&nbsp; elf Beauty, Inc. \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 186 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 3450 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Emerson Electric Co. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 2825 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 3355 |
| &nbsp;&nbsp;&nbsp; EQT Corp. | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 2423 |
| &nbsp;&nbsp;&nbsp; Equinix, Inc., REIT | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2554 |
| &nbsp;&nbsp;&nbsp; EquipmentShare.com, Inc., Class A \* | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 434 |
| &nbsp;&nbsp;&nbsp; Expedia Group, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 2428 |
| &nbsp;&nbsp;&nbsp; Experian plc | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 417 |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 13432 |
| &nbsp;&nbsp;&nbsp; FedEx Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 900 |
| &nbsp;&nbsp;&nbsp; Ferrovial SE | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 417 |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 2924 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 2402 |
| &nbsp;&nbsp;&nbsp; Figma, Inc., Class A \* | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 110 |
| &nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., Class A | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 3036 |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. \* | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 1382 |
| &nbsp;&nbsp;&nbsp; Flowserve Corp. | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 1883 |
| &nbsp;&nbsp;&nbsp; Flutter Entertainment plc \* | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 758 |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. | &nbsp;&nbsp; 99 | &nbsp;&nbsp; 1376 |
| &nbsp;&nbsp;&nbsp; Fortune Brands Innovations, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 186 |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 1349 |
| &nbsp;&nbsp;&nbsp; Gap, Inc. (The) | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 1212 |
| &nbsp;&nbsp;&nbsp; Garmin Ltd. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 960 |
| &nbsp;&nbsp;&nbsp; Gates Industrial Corp. plc \* | &nbsp;&nbsp; 97 | &nbsp;&nbsp; 2244 |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 866 |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 761 |
| &nbsp;&nbsp;&nbsp; Genpact Ltd. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 815 |
| &nbsp;&nbsp;&nbsp; Gentex Corp. | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 513 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 1704 |
| &nbsp;&nbsp;&nbsp; GoDaddy, Inc., Class A \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 261 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 3486 |
| &nbsp;&nbsp;&nbsp; GSK plc | &nbsp;&nbsp; 49 | &nbsp;&nbsp; 1263 |
| &nbsp;&nbsp;&nbsp; Haleon plc | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 560 |
| &nbsp;&nbsp;&nbsp; Hayward Holdings, Inc. \* | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 341 |
| &nbsp;&nbsp;&nbsp; HCA Healthcare, Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 437 |
| &nbsp;&nbsp;&nbsp; Henry Schein, Inc. \* | &nbsp;&nbsp; 21 | &nbsp;&nbsp; 1560 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | &nbsp;&nbsp; 113 | &nbsp;&nbsp; 2429 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 849 |
| &nbsp;&nbsp;&nbsp; Holcim AG | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 632 |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc., REIT | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 276 |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 3927 |
| &nbsp;&nbsp;&nbsp; HubSpot, Inc. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 775 |
| &nbsp;&nbsp;&nbsp; Humana, Inc. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 2599 |
| &nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 1919 |
| &nbsp;&nbsp;&nbsp; ICON plc \* | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 1937 |
| &nbsp;&nbsp;&nbsp; Incora Intermediate LLC ‡ \* | &nbsp;&nbsp; — | &nbsp;&nbsp; 5 |
| &nbsp;&nbsp;&nbsp; Insmed, Inc. \* | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 2563 |
| &nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 1482 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 752 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 1144 |
| &nbsp;&nbsp;&nbsp; International Paper Co. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 218 |
| &nbsp;&nbsp;&nbsp; Intuit, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 2618 |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc. \* | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 2092 |
| &nbsp;&nbsp;&nbsp; Invitation Homes, Inc., REIT | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 317 |
| &nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc. \* | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 325 |
| &nbsp;&nbsp;&nbsp; IQVIA Holdings, Inc. \* | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1238 |
| &nbsp;&nbsp;&nbsp; ITT, Inc. | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 2189 |
| &nbsp;&nbsp;&nbsp; Jabil, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 536 |
| &nbsp;&nbsp;&nbsp; James Hardie Industries plc, ADR \* | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 831 |
| &nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 580 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 13868 |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 247 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 431 |
| &nbsp;&nbsp;&nbsp; Kinsale Capital Group, Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 393 |
| &nbsp;&nbsp;&nbsp; KKR & Co., Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 279 |
| &nbsp;&nbsp;&nbsp; Kontoor Brands, Inc. | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 1665 |
| &nbsp;&nbsp;&nbsp; Labcorp Holdings, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 2503 |
| &nbsp;&nbsp;&nbsp; Linde plc | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 2308 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 479 |
| &nbsp;&nbsp;&nbsp; Loews Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 632 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 8985 |
| &nbsp;&nbsp;&nbsp; LyondellBasell Industries NV, Class A | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 479 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1211 |
| &nbsp;&nbsp;&nbsp; Marriott International, Inc., Class A | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 3649 |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 1783 |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 490 |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc., Class A | &nbsp;&nbsp; 26 | &nbsp;&nbsp; 14159 |
| &nbsp;&nbsp;&nbsp; Mattel, Inc. \* | &nbsp;&nbsp; 22 | &nbsp;&nbsp; 465 |
| &nbsp;&nbsp;&nbsp; McDonald's Corp. | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 8648 |
| &nbsp;&nbsp;&nbsp; Medtronic plc | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 6914 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 660 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., Class A | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 29342 |
| &nbsp;&nbsp;&nbsp; Mettler-Toledo International, Inc. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 737 |
| &nbsp;&nbsp;&nbsp; MGIC Investment Corp. | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 611 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 3864 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp. | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 36369 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc., REIT | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 640 |
| &nbsp;&nbsp;&nbsp; Middleby Corp. (The) \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 383 |
| &nbsp;&nbsp;&nbsp; Mohawk Industries, Inc. \* | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 443 |
| &nbsp;&nbsp;&nbsp; Molina Healthcare, Inc. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 146 |
| &nbsp;&nbsp;&nbsp; Monday.com Ltd. \* | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp; Mondelez International, Inc., Class A | &nbsp;&nbsp; 28 | &nbsp;&nbsp; 1617 |
| &nbsp;&nbsp;&nbsp; Moran Foods Backstop Equity ‡ \* | &nbsp;&nbsp; 2995 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 5948 |
| &nbsp;&nbsp;&nbsp; Murphy USA, Inc. | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 367 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; MYT Holding LLC ‡ \* | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp; Natera, Inc. \* | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 1774 |
| &nbsp;&nbsp;&nbsp; Nestle SA (Registered) | &nbsp;&nbsp; 31 | &nbsp;&nbsp; 2954 |
| &nbsp;&nbsp;&nbsp; Netflix, Inc. \* | &nbsp;&nbsp; 42 | &nbsp;&nbsp; 3494 |
| &nbsp;&nbsp;&nbsp; Neurocrine Biosciences, Inc. \* | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 2259 |
| &nbsp;&nbsp;&nbsp; Newmont Corp. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 633 |
| &nbsp;&nbsp;&nbsp; Nexstar Media Group, Inc. | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 436 |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | &nbsp;&nbsp; 120 | &nbsp;&nbsp; 10533 |
| &nbsp;&nbsp;&nbsp; NIKE, Inc., Class B | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp; NMG Parent LLC, Escrow ‡ \* (a) | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; Novartis AG (Registered) | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 3389 |
| &nbsp;&nbsp;&nbsp; Nuvalent, Inc., Class A \* | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 776 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp. | &nbsp;&nbsp; 299 | &nbsp;&nbsp; 57205 |
| &nbsp;&nbsp;&nbsp; Okta, Inc. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 294 |
| &nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 1081 |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp. \* | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 1801 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 2216 |
| &nbsp;&nbsp;&nbsp; Packaging Corp. of America | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 606 |
| &nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc. \* | &nbsp;&nbsp; 11 | &nbsp;&nbsp; 1901 |
| &nbsp;&nbsp;&nbsp; Paylocity Holding Corp. \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 239 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 4457 |
| &nbsp;&nbsp;&nbsp; Performance Food Group Co. \* | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 1594 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. | &nbsp;&nbsp; 30 | &nbsp;&nbsp; 460 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | &nbsp;&nbsp; 20 | &nbsp;&nbsp; 3667 |
| &nbsp;&nbsp;&nbsp; Pinterest, Inc., Class A \* | &nbsp;&nbsp; 33 | &nbsp;&nbsp; 720 |
| &nbsp;&nbsp;&nbsp; Post Holdings, Inc. \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 602 |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co. (The) | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 642 |
| &nbsp;&nbsp;&nbsp; Progressive Corp. (The) | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1034 |
| &nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 277 |
| &nbsp;&nbsp;&nbsp; Public Storage, REIT | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 548 |
| &nbsp;&nbsp;&nbsp; QIAGEN NV (a) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 131 |
| &nbsp;&nbsp;&nbsp; Quanta Services, Inc. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 2681 |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 868 |
| &nbsp;&nbsp;&nbsp; Range Resources Corp. | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 901 |
| &nbsp;&nbsp;&nbsp; Raymond James Financial, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1098 |
| &nbsp;&nbsp;&nbsp; Rayonier, Inc., REIT | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 228 |
| &nbsp;&nbsp;&nbsp; Reddit, Inc., Class A \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 1032 |
| &nbsp;&nbsp;&nbsp; Regency Centers Corp., REIT | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 741 |
| &nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 2774 |
| &nbsp;&nbsp;&nbsp; Regions Financial Corp. | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 2245 |
| &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc., Class A \* | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 1849 |
| &nbsp;&nbsp;&nbsp; ROBLOX Corp., Class A \* | &nbsp;&nbsp; 15 | &nbsp;&nbsp; 1006 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 3839 |
| &nbsp;&nbsp;&nbsp; Roche Holding AG | &nbsp;&nbsp; — | &nbsp;&nbsp; 178 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 1574 |
| &nbsp;&nbsp;&nbsp; RTX Corp. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 3537 |
| &nbsp;&nbsp;&nbsp; Ryder System, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 1503 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Saia, Inc. \* | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 835 |
| &nbsp;&nbsp;&nbsp; Sanofi SA | &nbsp;&nbsp; 13 | &nbsp;&nbsp; 1252 |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp., REIT | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 393 |
| &nbsp;&nbsp;&nbsp; Schneider Electric SE | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 1889 |
| &nbsp;&nbsp;&nbsp; ServiceNow, Inc. \* | &nbsp;&nbsp; 19 | &nbsp;&nbsp; 2211 |
| &nbsp;&nbsp;&nbsp; Shell plc | &nbsp;&nbsp; 70 | &nbsp;&nbsp; 2675 |
| &nbsp;&nbsp;&nbsp; Silgan Holdings, Inc. | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 1271 |
| &nbsp;&nbsp;&nbsp; Smurfit WestRock plc | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 493 |
| &nbsp;&nbsp;&nbsp; Snowflake, Inc., Class A \* | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 1972 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 5415 |
| &nbsp;&nbsp;&nbsp; Southwest Airlines Co. | &nbsp;&nbsp; 43 | &nbsp;&nbsp; 2066 |
| &nbsp;&nbsp;&nbsp; Spotify Technology SA \* | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 2299 |
| &nbsp;&nbsp;&nbsp; State Street Corp. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp; Stellantis NV | &nbsp;&nbsp; 24 | &nbsp;&nbsp; 237 |
| &nbsp;&nbsp;&nbsp; Stryker Corp. | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 3500 |
| &nbsp;&nbsp;&nbsp; Swiss Re AG | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 574 |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 1925 |
| &nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | &nbsp;&nbsp; 16 | &nbsp;&nbsp; 2599 |
| &nbsp;&nbsp;&nbsp; Tenaris SA | &nbsp;&nbsp; 4 | &nbsp;&nbsp; 100 |
| &nbsp;&nbsp;&nbsp; Teradyne, Inc. | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 2028 |
| &nbsp;&nbsp;&nbsp; Tesla, Inc. \* | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 13690 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 1290 |
| &nbsp;&nbsp;&nbsp; Textron, Inc. | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 605 |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1655 |
| &nbsp;&nbsp;&nbsp; TJX Cos., Inc. (The) | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 2517 |
| &nbsp;&nbsp;&nbsp; Trane Technologies plc | &nbsp;&nbsp; 23 | &nbsp;&nbsp; 9467 |
| &nbsp;&nbsp;&nbsp; TransUnion | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 517 |
| &nbsp;&nbsp;&nbsp; Travelers Cos., Inc. (The) | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 731 |
| &nbsp;&nbsp;&nbsp; Twilio, Inc., Class A \* | &nbsp;&nbsp; 7 | &nbsp;&nbsp; 862 |
| &nbsp;&nbsp;&nbsp; Ulta Beauty, Inc. \* | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 1936 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 820 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 5153 |
| &nbsp;&nbsp;&nbsp; Universal Display Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 332 |
| &nbsp;&nbsp;&nbsp; US Bancorp | &nbsp;&nbsp; 134 | &nbsp;&nbsp; 7538 |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp. | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 468 |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc. \* | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 2854 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 7367 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co. (The) | &nbsp;&nbsp; 110 | &nbsp;&nbsp; 12458 |
| &nbsp;&nbsp;&nbsp; Warner Music Group Corp., Class A | &nbsp;&nbsp; 9 | &nbsp;&nbsp; 279 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. | &nbsp;&nbsp; 124 | &nbsp;&nbsp; 11181 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. | &nbsp;&nbsp; 18 | &nbsp;&nbsp; 4430 |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co., REIT | &nbsp;&nbsp; 8 | &nbsp;&nbsp; 204 |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. (The) | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 2339 |
| &nbsp;&nbsp;&nbsp; WillScot Holdings Corp. | &nbsp;&nbsp; 35 | &nbsp;&nbsp; 708 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | **SHARES**<br> **(000)**<br>| **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Xcel Energy, Inc. | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 746 |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | &nbsp;&nbsp; 36 | &nbsp;&nbsp; 5563 |
|  |  | &nbsp;&nbsp; 794169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $935,688)<br>|  | &nbsp;&nbsp; 1382951 |
|  | **PRINCIPAL** <br>**AMOUNT** <br>**($000)**<br>|  |
| **Corporate Bonds — 16.3%** | **Corporate Bonds — 16.3%** | **Corporate Bonds — 16.3%** |
| **Australia — 0.0% ^** | **Australia — 0.0% ^** | **Australia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Scentre Group Trust 1 REIT, 3.75%, 3/23/2027 (c) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 200 |
| &nbsp;&nbsp;&nbsp; Transurban Finance Co. Pty. Ltd. 4.92%, 3/24/2036 (a) (c) | &nbsp;&nbsp; 324 | &nbsp;&nbsp; 321 |
|  |  | &nbsp;&nbsp; 521 |
| **Austria — 0.0% ^** | **Austria — 0.0% ^** | **Austria — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Benteler International AG 7.25%, 6/15/2031 (b) | &nbsp;&nbsp; EUR230 | &nbsp;&nbsp; 291 |
| **Belgium — 0.0% ^** | **Belgium — 0.0% ^** | **Belgium — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; KBC Group NV (EURIBOR ICE Swap Rate 5 Year + 3.81%), 6.00%, 11/27/2030 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR1,000 | &nbsp;&nbsp; 1241 |
| **Canada — 0.8%** | **Canada — 0.8%** | **Canada — 0.8%** |
| &nbsp;&nbsp;&nbsp; Bank of Montreal 0.05%, 6/8/2029 (b) | &nbsp;&nbsp; EUR5,059 | &nbsp;&nbsp; 5525 |
| &nbsp;&nbsp;&nbsp; Bausch Health Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 6/1/2028 (c) | &nbsp;&nbsp; 605 | &nbsp;&nbsp; 560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 9/30/2028 (c) | &nbsp;&nbsp; 392 | &nbsp;&nbsp; 407 |
| &nbsp;&nbsp;&nbsp; Element Fleet Management Corp. 5.64%, 3/13/2027 (c) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3-MONTH CME TERM SOFR + 3.68%), 5.50%, 7/15/2077 (h) | &nbsp;&nbsp; 450 | &nbsp;&nbsp; 450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.71%), 7.38%, 1/15/2083 (h) | &nbsp;&nbsp; 1100 | &nbsp;&nbsp; 1133 |
| &nbsp;&nbsp;&nbsp; National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.90%), 4.55%, 3/25/2027 (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 0.79%), 4.95%, 2/1/2028 (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 252 |
| &nbsp;&nbsp;&nbsp; Ontario Teachers' Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 5/15/2026 (b) | &nbsp;&nbsp; GBP2,544 | &nbsp;&nbsp; 3455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 10/19/2027 (c) | &nbsp;&nbsp; CAD773 | &nbsp;&nbsp; 554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 4/25/2028 (c) | &nbsp;&nbsp; 1513 | &nbsp;&nbsp; 1529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.10%, 5/19/2028 (b) | &nbsp;&nbsp; EUR2,955 | &nbsp;&nbsp; 3332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.05%, 11/25/2030 (b) | &nbsp;&nbsp; EUR2,896 | &nbsp;&nbsp; 3023 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 6/3/2026 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 2/16/2029 (b) | &nbsp;&nbsp; EUR1,300 | &nbsp;&nbsp; 1572 |
|  |  | &nbsp;&nbsp; 22445 |
| **Denmark — 0.1%** | **Denmark — 0.1%** | **Denmark — 0.1%** |
| &nbsp;&nbsp;&nbsp; Danske Bank A/S (EUR Swap Annual 1 Year + 1.35%), 4.50%, 11/9/2028 (b) (h) | &nbsp;&nbsp; EUR2,000 | &nbsp;&nbsp; 2448 |
| **France — 0.4%** | **France — 0.4%** | **France — 0.4%** |
| &nbsp;&nbsp;&nbsp; Alstom SA 0.13%, 7/27/2027 (b) | &nbsp;&nbsp; EUR200 | &nbsp;&nbsp; 229 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (SOFR + 1.68%), 5.09%, 5/9/2031 (c) (h) | &nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1735 |
| &nbsp;&nbsp;&nbsp; BPCE SFH SA 3.38%, 3/13/2029 (b) | &nbsp;&nbsp; EUR1,900 | &nbsp;&nbsp; 2309 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **France — continued** | **France — continued** | **France — continued** |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (SOFR + 1.36%), 4.82%, 9/25/2033 (c) (h) | &nbsp;&nbsp; 766 | &nbsp;&nbsp; 764 |
| &nbsp;&nbsp;&nbsp; Electricite de France SA (EUR Swap Annual 5 Year + 2.86%), 2.63%, 12/1/2027 (b) (f) (g) (h) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 467 |
| &nbsp;&nbsp;&nbsp; Engie SA 3.63%, 3/6/2031 (b) | &nbsp;&nbsp; EUR1,900 | &nbsp;&nbsp; 2310 |
| &nbsp;&nbsp;&nbsp; Forvia SE 5.63%, 6/15/2030 (b) | &nbsp;&nbsp; EUR225 | &nbsp;&nbsp; 279 |
| &nbsp;&nbsp;&nbsp; Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR 3 Month + 1.80%), 4.25%, 12/6/2030 (b) (h) | &nbsp;&nbsp; EUR1,000 | &nbsp;&nbsp; 1233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 5 Year + 3.78%), 6.13%, 3/17/2032 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 490 |
| &nbsp;&nbsp;&nbsp; Veolia Environnement SA (EURIBOR ICE Swap Rate 5 Year + 1.83%), 4.32%, 10/24/2032 (b) (f) (g) (h) | &nbsp;&nbsp; EUR800 | &nbsp;&nbsp; 954 |
|  |  | &nbsp;&nbsp; 10770 |
| **Germany — 0.5%** | **Germany — 0.5%** | **Germany — 0.5%** |
| &nbsp;&nbsp;&nbsp; Commerzbank AG (EURIBOR ICE Swap Rate 5 Year + 5.13%), 7.88%, 10/9/2031 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR1,000 | &nbsp;&nbsp; 1353 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.22%), 2.31%, 11/16/2027 (h) | &nbsp;&nbsp; 2450 | &nbsp;&nbsp; 2415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR 3 Month + 1.25%), 3.38%, 2/13/2031 (b) (h) | &nbsp;&nbsp; EUR900 | &nbsp;&nbsp; 1073 |
| &nbsp;&nbsp;&nbsp; Heidelberg Materials Finance Luxembourg SA 4.88%, 11/21/2033 (b) | &nbsp;&nbsp; EUR1,995 | &nbsp;&nbsp; 2580 |
| &nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH 6.75% (Cash), 11/15/2029 (b) (i) | &nbsp;&nbsp; EUR220 | &nbsp;&nbsp; 275 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC 4.90%, 11/15/2027 (c) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp; Traton Finance Luxembourg SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 3/27/2030 (b) | &nbsp;&nbsp; EUR2,100 | &nbsp;&nbsp; 2546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 1/14/2031 (b) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 483 |
| &nbsp;&nbsp;&nbsp; Volkswagen Leasing GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 7/19/2029 (b) | &nbsp;&nbsp; EUR150 | &nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 4/11/2031 (b) | &nbsp;&nbsp; EUR1,950 | &nbsp;&nbsp; 2400 |
| &nbsp;&nbsp;&nbsp; Vonovia SE 1.00%, 7/9/2030 (b) | &nbsp;&nbsp; EUR1,200 | &nbsp;&nbsp; 1304 |
| &nbsp;&nbsp;&nbsp; ZF Europe Finance BV 7.00%, 6/12/2030 (b) | &nbsp;&nbsp; EUR200 | &nbsp;&nbsp; 253 |
|  |  | &nbsp;&nbsp; 15101 |
| **Hong Kong — 0.0% ^** | **Hong Kong — 0.0% ^** | **Hong Kong — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Melco Resorts Finance Ltd. 6.50%, 9/24/2033 (c) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 199 |
| **Ireland — 0.2%** | **Ireland — 0.2%** | **Ireland — 0.2%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC 4.75%, 1/15/2033 | &nbsp;&nbsp; 380 | &nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp; AIB Group plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EUR Swap Annual 1 Year + 1.95%), 4.63%, 7/23/2029 (b) (h) | &nbsp;&nbsp; EUR2,000 | &nbsp;&nbsp; 2475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 5 Year + 4.39%), 7.13%, 10/30/2029 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 515 |
| &nbsp;&nbsp;&nbsp; Avolon Holdings Funding Ltd. 3.25%, 2/15/2027 (c) | &nbsp;&nbsp; 2350 | &nbsp;&nbsp; 2326 |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group plc (EURIBOR ICE Swap Rate 5 Year + 4.02%), 6.38%, 3/10/2030 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR1,000 | &nbsp;&nbsp; 1248 |
|  |  | &nbsp;&nbsp; 6940 |
| **Italy — 0.6%** | **Italy — 0.6%** | **Italy — 0.6%** |
| &nbsp;&nbsp;&nbsp; Autostrade per l'Italia SpA 5.13%, 6/14/2033 (b) | &nbsp;&nbsp; EUR1,900 | &nbsp;&nbsp; 2448 |
| &nbsp;&nbsp;&nbsp; Banca Monte dei Paschi di Siena SpA 3.50%, 4/23/2029 (b) | &nbsp;&nbsp; EUR2,150 | &nbsp;&nbsp; 2620 |
| &nbsp;&nbsp;&nbsp; Banco BPM SpA 4.63%, 11/29/2027 (b) | &nbsp;&nbsp; EUR2,000 | &nbsp;&nbsp; 2458 |
| &nbsp;&nbsp;&nbsp; Credito Emiliano SpA 3.25%, 4/18/2029 (b) | &nbsp;&nbsp; EUR2,000 | &nbsp;&nbsp; 2415 |
| &nbsp;&nbsp;&nbsp; Enel SpA (EURIBOR ICE Swap Rate 5 Year + 3.49%), 6.38%, 4/16/2028 (b) (f) (g) (h) | &nbsp;&nbsp; EUR300 | &nbsp;&nbsp; 379 |
| &nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 8/29/2031 (b) | &nbsp;&nbsp; EUR1,900 | &nbsp;&nbsp; 2472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 5 Year + 4.04%), 6.38%, 5/26/2033 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 502 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Italy — continued** | **Italy — continued** | **Italy — continued** |
| &nbsp;&nbsp;&nbsp; UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR 3 Month + 1.60%), 4.45%, 2/16/2029 (b) (h) | &nbsp;&nbsp; EUR2,050 | &nbsp;&nbsp; 2512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 5 Year + 4.21%), 6.50%, 12/3/2031 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR600 | &nbsp;&nbsp; 764 |
|  |  | &nbsp;&nbsp; 16570 |
| **Luxembourg — 0.0% ^** | **Luxembourg — 0.0% ^** | **Luxembourg — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; INEOS Finance plc 6.38%, 4/15/2029 (b) | &nbsp;&nbsp; EUR236 | &nbsp;&nbsp; 241 |
| &nbsp;&nbsp;&nbsp; Maxam Prill SARL 6.00%, 7/15/2030 (b) | &nbsp;&nbsp; EUR245 | &nbsp;&nbsp; 302 |
|  |  | &nbsp;&nbsp; 543 |
| **Mexico — 0.2%** | **Mexico — 0.2%** | **Mexico — 0.2%** |
| &nbsp;&nbsp;&nbsp; Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 2/16/2032 | &nbsp;&nbsp; 2500 | &nbsp;&nbsp; 2495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.69%, 1/23/2050 | &nbsp;&nbsp; 2635 | &nbsp;&nbsp; 2372 |
|  |  | &nbsp;&nbsp; 4867 |
| **Netherlands — 0.1%** | **Netherlands — 0.1%** | **Netherlands — 0.1%** |
| &nbsp;&nbsp;&nbsp; ING Groep NV (SOFR + 1.01%), 1.73%, 4/1/2027 (h) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 199 |
| &nbsp;&nbsp;&nbsp; Nederlandse Waterschapsbank NV 3.50%, 7/20/2027 | &nbsp;&nbsp; AUD3,120 | &nbsp;&nbsp; 2140 |
|  |  | &nbsp;&nbsp; 2339 |
| **Portugal — 0.2%** | **Portugal — 0.2%** | **Portugal — 0.2%** |
| &nbsp;&nbsp;&nbsp; Banco Santander Totta SA 3.25%, 2/15/2031 (b) | &nbsp;&nbsp; EUR3,600 | &nbsp;&nbsp; 4364 |
| **Puerto Rico — 0.0% ^** | **Puerto Rico — 0.0% ^** | **Puerto Rico — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC 5.13%, 7/15/2029 (c) | &nbsp;&nbsp; 893 | &nbsp;&nbsp; 594 |
| **Saudi Arabia — 0.0% ^** | **Saudi Arabia — 0.0% ^** | **Saudi Arabia — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Greensaif Pipelines Bidco Sarl 5.85%, 2/23/2036 (b) | &nbsp;&nbsp; 780 | &nbsp;&nbsp; 809 |
| **Spain — 0.4%** | **Spain — 0.4%** | **Spain — 0.4%** |
| &nbsp;&nbsp;&nbsp; Banco de Sabadell SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 1 Year + 1.60%), 4.25%, 9/13/2030 (b) (h) | &nbsp;&nbsp; EUR1,000 | &nbsp;&nbsp; 1237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EUR Swap Annual 5 Year + 4.28%), 6.50%, 5/20/2031 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 503 |
| &nbsp;&nbsp;&nbsp; Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EUR Swap Annual 5 Year + 4.43%), 7.00%, 11/20/2029 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR600 | &nbsp;&nbsp; 772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/6/2035 | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 399 |
| &nbsp;&nbsp;&nbsp; Bankinter SA 0.88%, 7/8/2026 (b) | &nbsp;&nbsp; EUR2,300 | &nbsp;&nbsp; 2711 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR 3 Month + 1.65%), 5.00%, 7/19/2029 (b) (h) | &nbsp;&nbsp; EUR1,900 | &nbsp;&nbsp; 2374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 5 Year + 3.93%), 6.25%, 7/24/2032 (b) (e) (f) (g) (h) | &nbsp;&nbsp; EUR400 | &nbsp;&nbsp; 507 |
| &nbsp;&nbsp;&nbsp; Iberdrola Finanzas SA (EURIBOR ICE Swap Rate 5 Year + 1.36%), 3.75%, 8/5/2031 (b) (f) (g) (h) | &nbsp;&nbsp; EUR800 | &nbsp;&nbsp; 942 |
| &nbsp;&nbsp;&nbsp; Telefonica Europe BV (EURIBOR ICE Swap Rate 8 Year + 3.62%), 6.75%, 6/7/2031 (b) (f) (g) (h) | &nbsp;&nbsp; EUR800 | &nbsp;&nbsp; 1056 |
|  |  | &nbsp;&nbsp; 10501 |
| **Switzerland — 0.5%** | **Switzerland — 0.5%** | **Switzerland — 0.5%** |
| &nbsp;&nbsp;&nbsp; Holcim Finance Luxembourg SA 0.50%, 4/23/2031 (b) | &nbsp;&nbsp; EUR2,108 | &nbsp;&nbsp; 2186 |
| &nbsp;&nbsp;&nbsp; UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 0.98%), 1.31%, 2/2/2027 (c) (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.74%), 9.25%, 11/13/2028 (c) (e) (f) (g) (h) | &nbsp;&nbsp; 650 | &nbsp;&nbsp; 710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.06%), 4.40%, 9/23/2031 (c) (h) | &nbsp;&nbsp; 548 | &nbsp;&nbsp; 545 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **Switzerland — continued** | **Switzerland — continued** | **Switzerland — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.29%), 4.84%, 11/6/2033 (c) (h) | &nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1281 |
| &nbsp;&nbsp;&nbsp; UBS Switzerland AG 3.30%, 3/5/2029 (b) | &nbsp;&nbsp; EUR7,070 | &nbsp;&nbsp; 8558 |
|  |  | &nbsp;&nbsp; 13530 |
| **Thailand — 0.0% ^** | **Thailand — 0.0% ^** | **Thailand — 0.0% ^** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Krung Thai Bank PCL (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.53%), 4.40%, 3/25/2026 (b) (e) (f) (g) <br> (h)<br>| &nbsp;&nbsp; 530 | &nbsp;&nbsp; 529 |
| **Trinidad And Tobago — 0.0% ^** | **Trinidad And Tobago — 0.0% ^** | **Trinidad And Tobago — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Trinidad Generation UnLtd 7.75%, 6/16/2033 (c) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 210 |
| **United Kingdom — 0.5%** | **United Kingdom — 0.5%** | **United Kingdom — 0.5%** |
| &nbsp;&nbsp;&nbsp; Avianca Midco 2 plc 9.00%, 12/1/2028 (a) (c) | &nbsp;&nbsp; 1126 | &nbsp;&nbsp; 1145 |
| &nbsp;&nbsp;&nbsp; Barclays plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.49%), 5.67%, 3/12/2028 (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR ICE Swap Rate 1 Year + 2.05%), 4.51%, 1/31/2033 (b) (h) | &nbsp;&nbsp; EUR457 | &nbsp;&nbsp; 572 |
| &nbsp;&nbsp;&nbsp; Cadent Finance plc 0.63%, 3/19/2030 (b) | &nbsp;&nbsp; EUR2,325 | &nbsp;&nbsp; 2508 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.29%), 5.29%, 11/19/2030 (h) | &nbsp;&nbsp; 310 | &nbsp;&nbsp; 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.43%), 5.13%, 11/6/2036 (h) | &nbsp;&nbsp; 857 | &nbsp;&nbsp; 856 |
| &nbsp;&nbsp;&nbsp; INEOS Quattro Finance 2 plc 8.50%, 3/15/2029 (b) | &nbsp;&nbsp; EUR225 | &nbsp;&nbsp; 217 |
| &nbsp;&nbsp;&nbsp; Motability Operations Group plc 3.88%, 1/24/2034 (b) | &nbsp;&nbsp; EUR1,217 | &nbsp;&nbsp; 1463 |
| &nbsp;&nbsp;&nbsp; Santander UK Group Holdings plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.22%), 2.47%, 1/11/2028 (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFRINDX + 1.07%), 4.32%, 9/22/2029 (h) | &nbsp;&nbsp; 529 | &nbsp;&nbsp; 530 |
| &nbsp;&nbsp;&nbsp; Standard Chartered plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.85%), 6.75%, 2/8/2028 (c) (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 5.40%, 8/12/2036 (c) (h) | &nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1778 |
| &nbsp;&nbsp;&nbsp; Synthomer plc 7.38%, 5/2/2029 (b) | &nbsp;&nbsp; EUR230 | &nbsp;&nbsp; 221 |
| &nbsp;&nbsp;&nbsp; TSB Bank plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.32%, 3/5/2029 (b) | &nbsp;&nbsp; EUR1,490 | &nbsp;&nbsp; 1802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 2/18/2030 (b) | &nbsp;&nbsp; EUR1,300 | &nbsp;&nbsp; 1537 |
|  |  | &nbsp;&nbsp; 13705 |
| **United States — 11.8%** | **United States — 11.8%** | **United States — 11.8%** |
| &nbsp;&nbsp;&nbsp; 1261229 BC Ltd. 10.00%, 4/15/2032 (c) | &nbsp;&nbsp; 1839 | &nbsp;&nbsp; 1887 |
| &nbsp;&nbsp;&nbsp; AAR Escrow Issuer LLC 6.75%, 3/15/2029 (c) | &nbsp;&nbsp; 989 | &nbsp;&nbsp; 1024 |
| &nbsp;&nbsp;&nbsp; Accendra Health, Inc. 6.63%, 4/1/2030 (a) (c) | &nbsp;&nbsp; 697 | &nbsp;&nbsp; 392 |
| &nbsp;&nbsp;&nbsp; ACCO Brands Corp. 4.25%, 3/15/2029 (a) (c) | &nbsp;&nbsp; 825 | &nbsp;&nbsp; 764 |
| &nbsp;&nbsp;&nbsp; Acrisure LLC 4.25%, 2/15/2029 (c) | &nbsp;&nbsp; 1171 | &nbsp;&nbsp; 1134 |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd. 7.00%, 4/15/2028 (c) | &nbsp;&nbsp; 1021 | &nbsp;&nbsp; 1044 |
| &nbsp;&nbsp;&nbsp; ADT Security Corp. (The) 4.13%, 8/1/2029 (c) | &nbsp;&nbsp; 280 | &nbsp;&nbsp; 273 |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. 7.00%, 8/1/2030 (c) | &nbsp;&nbsp; 1305 | &nbsp;&nbsp; 1327 |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP 7.50%, 10/1/2029 (c) | &nbsp;&nbsp; 1310 | &nbsp;&nbsp; 1379 |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc. 3.50%, 3/15/2029 (c) | &nbsp;&nbsp; 767 | &nbsp;&nbsp; 736 |
| &nbsp;&nbsp;&nbsp; Alcoa Nederland Holding BV 4.13%, 3/31/2029 (c) | &nbsp;&nbsp; 492 | &nbsp;&nbsp; 485 |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. REIT, 3.80%, 4/15/2026 | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 250 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC 6.75%, 4/15/2028 (c) | &nbsp;&nbsp; 1477 | &nbsp;&nbsp; 1501 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 6/1/2028 (c) | &nbsp;&nbsp; 1142 | &nbsp;&nbsp; 1127 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 6/15/2030 (c) | &nbsp;&nbsp; 1183 | &nbsp;&nbsp; 1229 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/6/2034 | &nbsp;&nbsp; EUR548 | &nbsp;&nbsp; 638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/6/2038 | &nbsp;&nbsp; EUR805 | &nbsp;&nbsp; 927 |
| &nbsp;&nbsp;&nbsp; Alta Equipment Group, Inc. 9.00%, 6/1/2029 (a) (c) | &nbsp;&nbsp; 906 | &nbsp;&nbsp; 866 |
| &nbsp;&nbsp;&nbsp; Alumina Pty. Ltd. 6.13%, 3/15/2030 (c) | &nbsp;&nbsp; 794 | &nbsp;&nbsp; 819 |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc. 4.65%, 11/20/2035 | &nbsp;&nbsp; 2000 | &nbsp;&nbsp; 1980 |
| &nbsp;&nbsp;&nbsp; AMC Networks, Inc. 10.25%, 1/15/2029 (c) | &nbsp;&nbsp; 1226 | &nbsp;&nbsp; 1278 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 2/15/2028 (a) (c) | &nbsp;&nbsp; 234 | &nbsp;&nbsp; 238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 4/20/2029 (c) | &nbsp;&nbsp; 133 | &nbsp;&nbsp; 134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 5/15/2029 (c) | &nbsp;&nbsp; 3122 | &nbsp;&nbsp; 3258 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. 5.00%, 10/1/2029 | &nbsp;&nbsp; 1130 | &nbsp;&nbsp; 1102 |
| &nbsp;&nbsp;&nbsp; American Express Co. (SOFR + 1.24%), 4.80%, 10/24/2036 (h) | &nbsp;&nbsp; 1800 | &nbsp;&nbsp; 1765 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp. (SOFR + 0.87%), 4.53%, 7/9/2027 (h) | &nbsp;&nbsp; 67 | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 2/15/2029 (c) | &nbsp;&nbsp; 1534 | &nbsp;&nbsp; 1574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 6/30/2029 (c) | &nbsp;&nbsp; 92 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP 5.38%, 6/15/2029 (c) | &nbsp;&nbsp; 1170 | &nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp; Antero Resources Corp. 5.38%, 3/1/2030 (c) | &nbsp;&nbsp; 1900 | &nbsp;&nbsp; 1927 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC 7.00%, 4/15/2030 (c) | &nbsp;&nbsp; 1451 | &nbsp;&nbsp; 1469 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC 7.88%, 11/1/2029 (c) | &nbsp;&nbsp; 784 | &nbsp;&nbsp; 796 |
| &nbsp;&nbsp;&nbsp; APLD ComputeCo LLC 9.25%, 12/15/2030 (c) | &nbsp;&nbsp; 1454 | &nbsp;&nbsp; 1510 |
| &nbsp;&nbsp;&nbsp; Ardagh Group SA 9.50%, 12/1/2030 (c) | &nbsp;&nbsp; 1412 | &nbsp;&nbsp; 1526 |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC 3.25%, 9/1/2028 (c) | &nbsp;&nbsp; 1433 | &nbsp;&nbsp; 1378 |
| &nbsp;&nbsp;&nbsp; Aretec Group, Inc. 10.00%, 8/15/2030 (c) | &nbsp;&nbsp; 823 | &nbsp;&nbsp; 887 |
| &nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC 8.00%, 10/1/2030 (c) | &nbsp;&nbsp; 730 | &nbsp;&nbsp; 773 |
| &nbsp;&nbsp;&nbsp; Asbury Automotive Group, Inc. 4.63%, 11/15/2029 (c) | &nbsp;&nbsp; 1205 | &nbsp;&nbsp; 1187 |
| &nbsp;&nbsp;&nbsp; Athene Global Funding 5.62%, 5/8/2026 (c) | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 7/15/2028 (c) | &nbsp;&nbsp; 1159 | &nbsp;&nbsp; 1150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/1/2029 (c) | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 3/1/2029 (c) | &nbsp;&nbsp; 1710 | &nbsp;&nbsp; 1668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 1/15/2030 (c) | &nbsp;&nbsp; 145 | &nbsp;&nbsp; 150 |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc. 6.13%, 3/15/2030 (c) | &nbsp;&nbsp; 1325 | &nbsp;&nbsp; 1362 |
| &nbsp;&nbsp;&nbsp; B&G Foods, Inc. 8.00%, 9/15/2028 (a) (c) | &nbsp;&nbsp; 1212 | &nbsp;&nbsp; 1144 |
| &nbsp;&nbsp;&nbsp; Ball Corp. 6.00%, 6/15/2029 | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series N, (SOFR + 0.91%), 1.66%, 3/11/2027 (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (EURIBOR 3 Month + 0.95%), 1.10%, 5/24/2032 (b) (h) | &nbsp;&nbsp; EUR630 | &nbsp;&nbsp; 670 |
| &nbsp;&nbsp;&nbsp; Bausch + Lomb Corp. 8.38%, 10/1/2028 (c) | &nbsp;&nbsp; 1429 | &nbsp;&nbsp; 1490 |
| &nbsp;&nbsp;&nbsp; Block, Inc. 5.63%, 8/15/2030 (c) | &nbsp;&nbsp; 1431 | &nbsp;&nbsp; 1457 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP REIT, 8.88%, 4/12/2029 | &nbsp;&nbsp; 981 | &nbsp;&nbsp; 1054 |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc. REIT, 4.50%, 4/1/2027 (c) | &nbsp;&nbsp; 102 | &nbsp;&nbsp; 101 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP 6.88%, 7/1/2029 (c) | &nbsp;&nbsp; 1402 | &nbsp;&nbsp; 1458 |
| &nbsp;&nbsp;&nbsp; Bunge Finance Europe BV 1.00%, 9/24/2028 (b) | &nbsp;&nbsp; EUR2,350 | &nbsp;&nbsp; 2666 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/2029 (a) (c) | &nbsp;&nbsp; 1578 | &nbsp;&nbsp; 1515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 2/15/2030 (c) | &nbsp;&nbsp; 1076 | &nbsp;&nbsp; 1111 |
| &nbsp;&nbsp;&nbsp; California Resources Corp. 8.25%, 6/15/2029 (c) | &nbsp;&nbsp; 1183 | &nbsp;&nbsp; 1244 |
| &nbsp;&nbsp;&nbsp; Carnival Corp. 5.13%, 5/1/2029 (c) | &nbsp;&nbsp; 1486 | &nbsp;&nbsp; 1503 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC 6.38%, 9/1/2029 (c) | &nbsp;&nbsp; 132 | &nbsp;&nbsp; 133 |
| &nbsp;&nbsp;&nbsp; Celanese US Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 11/15/2028 (j) | &nbsp;&nbsp; 879 | &nbsp;&nbsp; 923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 4/15/2030 (a) | &nbsp;&nbsp; 1501 | &nbsp;&nbsp; 1527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 11/15/2030 (j) | &nbsp;&nbsp; 578 | &nbsp;&nbsp; 612 |
| &nbsp;&nbsp;&nbsp; Century Communities, Inc. 3.88%, 8/15/2029 (c) | &nbsp;&nbsp; 1067 | &nbsp;&nbsp; 1015 |
| &nbsp;&nbsp;&nbsp; Champions Financing, Inc. 8.75%, 2/15/2029 (a) (c) | &nbsp;&nbsp; 1088 | &nbsp;&nbsp; 1055 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc. 3.75%, 3/15/2029 (c) | &nbsp;&nbsp; 762 | &nbsp;&nbsp; 735 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc. 7.50%, 1/1/2030 (c) | &nbsp;&nbsp; 1473 | &nbsp;&nbsp; 1533 |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 4/1/2031 | &nbsp;&nbsp; 813 | &nbsp;&nbsp; 733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 2/1/2034 | &nbsp;&nbsp; 50 | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/23/2035 | &nbsp;&nbsp; 2250 | &nbsp;&nbsp; 2326 |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/2028 (c) | &nbsp;&nbsp; 1056 | &nbsp;&nbsp; 1047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/2029 (c) | &nbsp;&nbsp; 54 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Chevron Phillips Chemical Co. LLC 3.40%, 12/1/2026 (c) | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp; Chord Energy Corp. 6.00%, 10/1/2030 (c) | &nbsp;&nbsp; 1075 | &nbsp;&nbsp; 1096 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc. 5.75%, 4/1/2030 (c) | &nbsp;&nbsp; 720 | &nbsp;&nbsp; 724 |
| &nbsp;&nbsp;&nbsp; Cinemark USA, Inc. 5.25%, 7/15/2028 (c) | &nbsp;&nbsp; 756 | &nbsp;&nbsp; 755 |
| &nbsp;&nbsp;&nbsp; Cipher Compute LLC 7.13%, 11/15/2030 (c) | &nbsp;&nbsp; 1484 | &nbsp;&nbsp; 1529 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.34%), 4.54%, 9/19/2030 (h) | &nbsp;&nbsp; 2805 | &nbsp;&nbsp; 2828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.17%), 2.56%, 5/1/2032 (h) | &nbsp;&nbsp; 1950 | &nbsp;&nbsp; 1769 |
| &nbsp;&nbsp;&nbsp; Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 5/15/2028 (c) | &nbsp;&nbsp; 1647 | &nbsp;&nbsp; 1685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 2/15/2030 (c) | &nbsp;&nbsp; 34 | &nbsp;&nbsp; 36 |
| &nbsp;&nbsp;&nbsp; Clarivate Science Holdings Corp. 3.88%, 7/1/2028 (c) | &nbsp;&nbsp; 1732 | &nbsp;&nbsp; 1635 |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc. 7.88%, 4/1/2030 (c) | &nbsp;&nbsp; 1229 | &nbsp;&nbsp; 1294 |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. 6.88%, 11/1/2029 (c) | &nbsp;&nbsp; 1592 | &nbsp;&nbsp; 1654 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 3/31/2029 (c) | &nbsp;&nbsp; 3945 | &nbsp;&nbsp; 3920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 9/30/2029 (c) | &nbsp;&nbsp; 1397 | &nbsp;&nbsp; 1411 |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 4/15/2029 (c) | &nbsp;&nbsp; 65 | &nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 1/15/2030 (c) | &nbsp;&nbsp; 453 | &nbsp;&nbsp; 459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 4/15/2030 (c) | &nbsp;&nbsp; 1493 | &nbsp;&nbsp; 1494 |
| &nbsp;&nbsp;&nbsp; Coherent Corp. 5.00%, 12/15/2029 (c) | &nbsp;&nbsp; 552 | &nbsp;&nbsp; 550 |
| &nbsp;&nbsp;&nbsp; Coinbase Global, Inc. 3.38%, 10/1/2028 (c) | &nbsp;&nbsp; 1345 | &nbsp;&nbsp; 1284 |
| &nbsp;&nbsp;&nbsp; Community Health Systems, Inc. 5.25%, 5/15/2030 (c) | &nbsp;&nbsp; 1607 | &nbsp;&nbsp; 1515 |
| &nbsp;&nbsp;&nbsp; Compass Minerals International, Inc. 8.00%, 7/1/2030 (c) | &nbsp;&nbsp; 996 | &nbsp;&nbsp; 1056 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Comstock Resources, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 3/1/2029 (c) | &nbsp;&nbsp; 1682 | &nbsp;&nbsp; 1693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 1/15/2030 (c) | &nbsp;&nbsp; 362 | &nbsp;&nbsp; 353 |
| &nbsp;&nbsp;&nbsp; Corebridge Financial, Inc. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.85%), 6.88%, 12/15/2052 (h) | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; CoreCivic, Inc. 8.25%, 4/15/2029 | &nbsp;&nbsp; 999 | &nbsp;&nbsp; 1046 |
| &nbsp;&nbsp;&nbsp; CoreLogic, Inc. 4.50%, 5/1/2028 (c) | &nbsp;&nbsp; 1156 | &nbsp;&nbsp; 1134 |
| &nbsp;&nbsp;&nbsp; CoreWeave, Inc. 9.25%, 6/1/2030 (c) | &nbsp;&nbsp; 1763 | &nbsp;&nbsp; 1736 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc. 9.75%, 7/15/2030 (c) | &nbsp;&nbsp; 970 | &nbsp;&nbsp; 1009 |
| &nbsp;&nbsp;&nbsp; Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 12/15/2028 (c) | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 3/15/2030 (c) | &nbsp;&nbsp; 1316 | &nbsp;&nbsp; 1317 |
| &nbsp;&nbsp;&nbsp; CrossCountry Intermediate HoldCo LLC 6.50%, 10/1/2030 (c) | &nbsp;&nbsp; 1160 | &nbsp;&nbsp; 1177 |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC 5.25%, 4/1/2030 | &nbsp;&nbsp; 96 | &nbsp;&nbsp; 98 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.25%, 5/15/2028 (c) | &nbsp;&nbsp; 546 | &nbsp;&nbsp; 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 1/31/2029 (c) | &nbsp;&nbsp; 1560 | &nbsp;&nbsp; 1138 |
| &nbsp;&nbsp;&nbsp; CVR Partners LP 6.13%, 6/15/2028 (c) | &nbsp;&nbsp; 852 | &nbsp;&nbsp; 852 |
| &nbsp;&nbsp;&nbsp; Darling Ingredients, Inc. 6.00%, 6/15/2030 (c) | &nbsp;&nbsp; 1297 | &nbsp;&nbsp; 1314 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP 8.63%, 3/15/2029 (c) | &nbsp;&nbsp; 1340 | &nbsp;&nbsp; 1401 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 8/15/2027 (c) | &nbsp;&nbsp; 590 | &nbsp;&nbsp; 593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 2/1/2030 (c) | &nbsp;&nbsp; 2356 | &nbsp;&nbsp; 2386 |
| &nbsp;&nbsp;&nbsp; Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 3/20/2028 | &nbsp;&nbsp; 520 | &nbsp;&nbsp; 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 5/15/2029 | &nbsp;&nbsp; 1403 | &nbsp;&nbsp; 1363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 5/15/2030 | &nbsp;&nbsp; 1820 | &nbsp;&nbsp; 1681 |
| &nbsp;&nbsp;&nbsp; DTE Energy Co. 5.05%, 10/1/2035 | &nbsp;&nbsp; 1237 | &nbsp;&nbsp; 1233 |
| &nbsp;&nbsp;&nbsp; Duquesne Light Holdings, Inc. 3.62%, 8/1/2027 (c) | &nbsp;&nbsp; 2400 | &nbsp;&nbsp; 2375 |
| &nbsp;&nbsp;&nbsp; Dycom Industries, Inc. 4.50%, 4/15/2029 (c) | &nbsp;&nbsp; 289 | &nbsp;&nbsp; 284 |
| &nbsp;&nbsp;&nbsp; Edison International (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.86%), 8.13%, 6/15/2053 (h) | &nbsp;&nbsp; 445 | &nbsp;&nbsp; 461 |
| &nbsp;&nbsp;&nbsp; Elastic NV 4.13%, 7/15/2029 (c) | &nbsp;&nbsp; 1009 | &nbsp;&nbsp; 969 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc. 9.25%, 4/1/2029 (c) | &nbsp;&nbsp; 1199 | &nbsp;&nbsp; 1257 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.83%), 7.13%, 10/1/2054 (h) | &nbsp;&nbsp; 450 | &nbsp;&nbsp; 465 |
| &nbsp;&nbsp;&nbsp; Entegris, Inc. 5.95%, 6/15/2030 (c) | &nbsp;&nbsp; 755 | &nbsp;&nbsp; 770 |
| &nbsp;&nbsp;&nbsp; EquipmentShare.com, Inc. 9.00%, 5/15/2028 (c) | &nbsp;&nbsp; 1341 | &nbsp;&nbsp; 1401 |
| &nbsp;&nbsp;&nbsp; Esab Corp. 6.25%, 4/15/2029 (c) | &nbsp;&nbsp; 1076 | &nbsp;&nbsp; 1106 |
| &nbsp;&nbsp;&nbsp; Excelerate Energy LP 8.00%, 5/15/2030 (c) | &nbsp;&nbsp; 538 | &nbsp;&nbsp; 575 |
| &nbsp;&nbsp;&nbsp; Ferrellgas LP 5.88%, 4/1/2029 (c) | &nbsp;&nbsp; 1556 | &nbsp;&nbsp; 1497 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC 4.63%, 1/15/2029 (c) | &nbsp;&nbsp; 907 | &nbsp;&nbsp; 877 |
| &nbsp;&nbsp;&nbsp; First Student Bidco, Inc. 4.00%, 7/31/2029 (c) | &nbsp;&nbsp; 165 | &nbsp;&nbsp; 161 |
| &nbsp;&nbsp;&nbsp; FirstCash, Inc. 5.63%, 1/1/2030 (c) | &nbsp;&nbsp; 1047 | &nbsp;&nbsp; 1052 |
| &nbsp;&nbsp;&nbsp; Flash Compute LLC 7.25%, 12/31/2030 (c) | &nbsp;&nbsp; 800 | &nbsp;&nbsp; 803 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC 5.75%, 4/6/2033 | &nbsp;&nbsp; 377 | &nbsp;&nbsp; 381 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 1/15/2027 (c) | &nbsp;&nbsp; 1228 | &nbsp;&nbsp; 1227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 10/1/2030 (c) | &nbsp;&nbsp; 94 | &nbsp;&nbsp; 104 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings LLC 9.25%, 2/1/2029 (c) | &nbsp;&nbsp; 464 | &nbsp;&nbsp; 486 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC 5.50%, 5/1/2028 (c) | &nbsp;&nbsp; 1328 | &nbsp;&nbsp; 1329 |
| &nbsp;&nbsp;&nbsp; Gap, Inc. (The) 3.63%, 10/1/2029 (c) | &nbsp;&nbsp; 1178 | &nbsp;&nbsp; 1120 |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc. 6.75%, 9/30/2027 (c) | &nbsp;&nbsp; 1468 | &nbsp;&nbsp; 1480 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. 5.25%, 3/1/2026 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 150 |
| &nbsp;&nbsp;&nbsp; Genesis Energy LP 8.25%, 1/15/2029 | &nbsp;&nbsp; 1401 | &nbsp;&nbsp; 1461 |
| &nbsp;&nbsp;&nbsp; Genting New York LLC 7.25%, 10/1/2029 (c) | &nbsp;&nbsp; 1048 | &nbsp;&nbsp; 1083 |
| &nbsp;&nbsp;&nbsp; Getty Images, Inc. 10.50%, 11/15/2030 (c) | &nbsp;&nbsp; 1339 | &nbsp;&nbsp; 1356 |
| &nbsp;&nbsp;&nbsp; GFL Environmental, Inc. 4.38%, 8/15/2029 (c) | &nbsp;&nbsp; 1419 | &nbsp;&nbsp; 1390 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. 5.55%, 11/15/2035 | &nbsp;&nbsp; 380 | &nbsp;&nbsp; 377 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Bank USA (SOFR + 0.77%), 4.44%, 3/18/2027 (h) | &nbsp;&nbsp; 320 | &nbsp;&nbsp; 320 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 1/21/2030 (b) | &nbsp;&nbsp; EUR2,455 | &nbsp;&nbsp; 2698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.33%), 4.94%, 10/21/2036 (h) | &nbsp;&nbsp; 1252 | &nbsp;&nbsp; 1235 |
| &nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co. (The) 5.00%, 7/15/2029 (a) | &nbsp;&nbsp; 41 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc. 10.50%, 7/15/2029 (c) | &nbsp;&nbsp; 1384 | &nbsp;&nbsp; 1487 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc. 4.00%, 8/15/2028 (c) | &nbsp;&nbsp; 1064 | &nbsp;&nbsp; 1041 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. 4.90%, 11/15/2035 | &nbsp;&nbsp; 1000 | &nbsp;&nbsp; 982 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 6/15/2029 (c) | &nbsp;&nbsp; 1128 | &nbsp;&nbsp; 1167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 6/15/2030 (c) | &nbsp;&nbsp; 1073 | &nbsp;&nbsp; 1126 |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (The) 12.63%, 7/15/2029 (c) | &nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1309 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 3/1/2028 (c) | &nbsp;&nbsp; 109 | &nbsp;&nbsp; 111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 6/1/2029 (c) | &nbsp;&nbsp; 584 | &nbsp;&nbsp; 604 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP 5.75%, 2/1/2029 (c) | &nbsp;&nbsp; 1035 | &nbsp;&nbsp; 1035 |
| &nbsp;&nbsp;&nbsp; Hillenbrand, Inc. 6.25%, 2/15/2029 (a) | &nbsp;&nbsp; 1011 | &nbsp;&nbsp; 1021 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc. 5.88%, 4/1/2029 (c) | &nbsp;&nbsp; 312 | &nbsp;&nbsp; 319 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower LLC 5.00%, 6/1/2029 (c) | &nbsp;&nbsp; 532 | &nbsp;&nbsp; 517 |
| &nbsp;&nbsp;&nbsp; HLF Financing Sarl LLC 12.25%, 4/15/2029 (c) | &nbsp;&nbsp; 324 | &nbsp;&nbsp; 348 |
| &nbsp;&nbsp;&nbsp; HLF Financing SARL LLC 4.88%, 6/1/2029 (c) | &nbsp;&nbsp; 1342 | &nbsp;&nbsp; 1274 |
| &nbsp;&nbsp;&nbsp; Howard Hughes Corp. (The) 4.13%, 2/1/2029 (c) | &nbsp;&nbsp; 485 | &nbsp;&nbsp; 469 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd. 7.25%, 6/15/2030 (c) | &nbsp;&nbsp; 2437 | &nbsp;&nbsp; 2543 |
| &nbsp;&nbsp;&nbsp; Hunt Cos., Inc. 5.25%, 4/15/2029 (c) | &nbsp;&nbsp; 1079 | &nbsp;&nbsp; 1053 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America 4.30%, 9/24/2027 (c) | &nbsp;&nbsp; 71 | &nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 2/1/2029 | &nbsp;&nbsp; 927 | &nbsp;&nbsp; 818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 11/15/2029 (c) | &nbsp;&nbsp; 770 | &nbsp;&nbsp; 777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 6/15/2030 (a) | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp; ICITII 6.00%, 1/31/2033 ‡ (c) | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 4 |
| &nbsp;&nbsp;&nbsp; Imola Merger Corp. 4.75%, 5/15/2029 (c) | &nbsp;&nbsp; 1811 | &nbsp;&nbsp; 1782 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 5/1/2029 (c) | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 5/30/2029 (c) | &nbsp;&nbsp; 69 | &nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc. REIT, 7.00%, 2/15/2029 (c) | &nbsp;&nbsp; 1318 | &nbsp;&nbsp; 1354 |
| &nbsp;&nbsp;&nbsp; ITT Holdings LLC 6.50%, 8/1/2029 (c) | &nbsp;&nbsp; 1493 | &nbsp;&nbsp; 1439 |
| &nbsp;&nbsp;&nbsp; Jane Street Group 4.50%, 11/15/2029 (c) | &nbsp;&nbsp; 389 | &nbsp;&nbsp; 383 |
| &nbsp;&nbsp;&nbsp; Jazz Securities DAC 4.38%, 1/15/2029 (c) | &nbsp;&nbsp; 1550 | &nbsp;&nbsp; 1525 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC 9.00%, 2/15/2029 (c) | &nbsp;&nbsp; 1265 | &nbsp;&nbsp; 1325 |
| &nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc. 4.75%, 2/1/2030 | &nbsp;&nbsp; 398 | &nbsp;&nbsp; 383 |
| &nbsp;&nbsp;&nbsp; KeyCorp (SOFRINDX + 2.42%), 6.40%, 3/6/2035 (h) | &nbsp;&nbsp; 1450 | &nbsp;&nbsp; 1571 |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 12/15/2028 (c) | &nbsp;&nbsp; 1790 | &nbsp;&nbsp; 1843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 6/15/2030 (c) | &nbsp;&nbsp; 78 | &nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp; LABL, Inc. 5.88%, 11/1/2028 (c) | &nbsp;&nbsp; 820 | &nbsp;&nbsp; 373 |
| &nbsp;&nbsp;&nbsp; LCM Investments Holdings II LLC 4.88%, 5/1/2029 (c) | &nbsp;&nbsp; 617 | &nbsp;&nbsp; 608 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc. 9.88%, 8/15/2030 (c) | &nbsp;&nbsp; 458 | &nbsp;&nbsp; 491 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc. 3.88%, 6/1/2029 (a) (c) | &nbsp;&nbsp; 1192 | &nbsp;&nbsp; 1153 |
| &nbsp;&nbsp;&nbsp; Madison IAQ LLC 4.13%, 6/30/2028 (c) | &nbsp;&nbsp; 435 | &nbsp;&nbsp; 430 |
| &nbsp;&nbsp;&nbsp; Magnera Corp. 4.75%, 11/15/2029 (c) | &nbsp;&nbsp; 1110 | &nbsp;&nbsp; 1003 |
| &nbsp;&nbsp;&nbsp; Matador Resources Co. 6.88%, 4/15/2028 (c) | &nbsp;&nbsp; 420 | &nbsp;&nbsp; 429 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co. 7.88%, 4/15/2030 (c) | &nbsp;&nbsp; 1519 | &nbsp;&nbsp; 1547 |
| &nbsp;&nbsp;&nbsp; McGraw-Hill Education, Inc. 5.75%, 8/1/2028 (c) | &nbsp;&nbsp; 1238 | &nbsp;&nbsp; 1244 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP 5.25%, 10/1/2029 (c) | &nbsp;&nbsp; 1963 | &nbsp;&nbsp; 1966 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. 4.60%, 11/15/2032 | &nbsp;&nbsp; 1338 | &nbsp;&nbsp; 1341 |
| &nbsp;&nbsp;&nbsp; MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/2028 | &nbsp;&nbsp; 559 | &nbsp;&nbsp; 558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 9/15/2029 | &nbsp;&nbsp; 32 | &nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp; Michaels Cos., Inc. (The) 5.25%, 5/1/2028 (c) | &nbsp;&nbsp; 1271 | &nbsp;&nbsp; 1257 |
| &nbsp;&nbsp;&nbsp; Millrose Properties, Inc. REIT, 6.38%, 8/1/2030 (c) | &nbsp;&nbsp; 788 | &nbsp;&nbsp; 804 |
| &nbsp;&nbsp;&nbsp; Mobius Merger Sub, Inc. 9.00%, 6/1/2030 (c) | &nbsp;&nbsp; 448 | &nbsp;&nbsp; 264 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority 8.25%, 4/15/2030 (c) | &nbsp;&nbsp; 1119 | &nbsp;&nbsp; 1167 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series I, (SOFR + 1.31%), 4.89%, 10/22/2036 (h) | &nbsp;&nbsp; 474 | &nbsp;&nbsp; 467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (SOFR + 1.18%), 5.07%, 1/30/2037 (h) | &nbsp;&nbsp; 849 | &nbsp;&nbsp; 845 |
| &nbsp;&nbsp;&nbsp; Nabors Industries, Inc. 9.13%, 1/31/2030 (c) | &nbsp;&nbsp; 1077 | &nbsp;&nbsp; 1137 |
| &nbsp;&nbsp;&nbsp; Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 3/15/2029 (a) | &nbsp;&nbsp; 1684 | &nbsp;&nbsp; 1647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 7/25/2030 | &nbsp;&nbsp; 97 | &nbsp;&nbsp; 104 |
| &nbsp;&nbsp;&nbsp; NCL Corp. Ltd. 7.75%, 2/15/2029 (c) | &nbsp;&nbsp; 1332 | &nbsp;&nbsp; 1424 |
| &nbsp;&nbsp;&nbsp; NCR Atleos Corp. 9.50%, 4/1/2029 (c) | &nbsp;&nbsp; 1386 | &nbsp;&nbsp; 1485 |
| &nbsp;&nbsp;&nbsp; Neptune Bidco US, Inc. 9.29%, 4/15/2029 (c) | &nbsp;&nbsp; 2106 | &nbsp;&nbsp; 2162 |
| &nbsp;&nbsp;&nbsp; NESCO Holdings II, Inc. 5.50%, 4/15/2029 (c) | &nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1281 |
| &nbsp;&nbsp;&nbsp; New Enterprise Stone & Lime Co., Inc. 5.25%, 7/15/2028 (c) | &nbsp;&nbsp; 1051 | &nbsp;&nbsp; 1051 |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 6/1/2028 (c) | &nbsp;&nbsp; 1068 | &nbsp;&nbsp; 1120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 9/15/2029 | &nbsp;&nbsp; 469 | &nbsp;&nbsp; 470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 5/15/2030 (a) | &nbsp;&nbsp; 270 | &nbsp;&nbsp; 267 |
| &nbsp;&nbsp;&nbsp; NFE Financing LLC 12.00%, 11/15/2029 (a) (c) | &nbsp;&nbsp; 838 | &nbsp;&nbsp; 296 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC 8.13%, 2/15/2029 (c) | &nbsp;&nbsp; 1211 | &nbsp;&nbsp; 1257 |
| &nbsp;&nbsp;&nbsp; Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 3/9/2028 (a) (c) | &nbsp;&nbsp; 1492 | &nbsp;&nbsp; 1419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 9/15/2028 (c) | &nbsp;&nbsp; 247 | &nbsp;&nbsp; 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 9/30/2030 (c) | &nbsp;&nbsp; 1065 | &nbsp;&nbsp; 1062 |
| &nbsp;&nbsp;&nbsp; Noble Finance II LLC 8.00%, 4/15/2030 (c) | &nbsp;&nbsp; 1440 | &nbsp;&nbsp; 1501 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Novelis Corp. 6.88%, 1/30/2030 (a) (c) | &nbsp;&nbsp; 1136 | &nbsp;&nbsp; 1177 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc. 5.75%, 7/15/2029 (c) | &nbsp;&nbsp; 1203 | &nbsp;&nbsp; 1198 |
| &nbsp;&nbsp;&nbsp; Olympus Water US Holding Corp. 4.25%, 10/1/2028 (c) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 194 |
| &nbsp;&nbsp;&nbsp; OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 1/15/2027 | &nbsp;&nbsp; 1761 | &nbsp;&nbsp; 1739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 5/15/2029 | &nbsp;&nbsp; 540 | &nbsp;&nbsp; 557 |
| &nbsp;&nbsp;&nbsp; OneSky Flight LLC 8.88%, 12/15/2029 (c) | &nbsp;&nbsp; 852 | &nbsp;&nbsp; 911 |
| &nbsp;&nbsp;&nbsp; Organon & Co. 4.13%, 4/30/2028 (c) | &nbsp;&nbsp; 1544 | &nbsp;&nbsp; 1514 |
| &nbsp;&nbsp;&nbsp; Pagaya US Holdings Co. LLC 8.88%, 8/1/2030 (a) (c) | &nbsp;&nbsp; 521 | &nbsp;&nbsp; 465 |
| &nbsp;&nbsp;&nbsp; Paramount Global (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.00%), 6.38%, 3/30/2062 (h) | &nbsp;&nbsp; 1012 | &nbsp;&nbsp; 952 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC REIT, 5.88%, 10/1/2028 (c) | &nbsp;&nbsp; 1458 | &nbsp;&nbsp; 1458 |
| &nbsp;&nbsp;&nbsp; PBF Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 2/15/2028 | &nbsp;&nbsp; 592 | &nbsp;&nbsp; 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 3/15/2030 (a) (c) | &nbsp;&nbsp; 905 | &nbsp;&nbsp; 960 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 2/15/2029 (c) | &nbsp;&nbsp; 832 | &nbsp;&nbsp; 801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 12/15/2029 (c) | &nbsp;&nbsp; 95 | &nbsp;&nbsp; 100 |
| &nbsp;&nbsp;&nbsp; Penske Automotive Group, Inc. 3.75%, 6/15/2029 (a) | &nbsp;&nbsp; 1050 | &nbsp;&nbsp; 1015 |
| &nbsp;&nbsp;&nbsp; Performance Food Group, Inc. 4.25%, 8/1/2029 (c) | &nbsp;&nbsp; 901 | &nbsp;&nbsp; 882 |
| &nbsp;&nbsp;&nbsp; Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 4/15/2027 (c) | &nbsp;&nbsp; 1412 | &nbsp;&nbsp; 1425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 7/1/2029 (c) | &nbsp;&nbsp; 51 | &nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. 5.00%, 7/1/2028 | &nbsp;&nbsp; 1064 | &nbsp;&nbsp; 1062 |
| &nbsp;&nbsp;&nbsp; Phinia, Inc. 6.75%, 4/15/2029 (c) | &nbsp;&nbsp; 1028 | &nbsp;&nbsp; 1063 |
| &nbsp;&nbsp;&nbsp; Playtika Holding Corp. 4.25%, 3/15/2029 (c) | &nbsp;&nbsp; 1130 | &nbsp;&nbsp; 981 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc. 8.88%, 1/31/2030 (c) | &nbsp;&nbsp; 474 | &nbsp;&nbsp; 477 |
| &nbsp;&nbsp;&nbsp; Prime Healthcare Services, Inc. 9.38%, 9/1/2029 (c) | &nbsp;&nbsp; 1488 | &nbsp;&nbsp; 1549 |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 4/1/2029 (c) | &nbsp;&nbsp; 863 | &nbsp;&nbsp; 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 4/30/2029 (c) | &nbsp;&nbsp; 155 | &nbsp;&nbsp; 152 |
| &nbsp;&nbsp;&nbsp; Prologis Euro Finance LLC REIT, 3.88%, 9/22/2037 | &nbsp;&nbsp; EUR694 | &nbsp;&nbsp; 815 |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC 8.50%, 2/15/2030 (c) | &nbsp;&nbsp; 1187 | &nbsp;&nbsp; 1240 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. REIT, 4.88%, 7/6/2030 | &nbsp;&nbsp; EUR1,600 | &nbsp;&nbsp; 2025 |
| &nbsp;&nbsp;&nbsp; Reworld Holding Corp. 4.88%, 12/1/2029 (c) | &nbsp;&nbsp; 1165 | &nbsp;&nbsp; 1128 |
| &nbsp;&nbsp;&nbsp; Rithm Capital Corp. REIT, 8.00%, 4/1/2029 (c) | &nbsp;&nbsp; 1011 | &nbsp;&nbsp; 1033 |
| &nbsp;&nbsp;&nbsp; RLJ Lodging Trust LP REIT, 3.75%, 7/1/2026 (c) | &nbsp;&nbsp; 999 | &nbsp;&nbsp; 993 |
| &nbsp;&nbsp;&nbsp; ROBLOX Corp. 3.88%, 5/1/2030 (c) | &nbsp;&nbsp; 1364 | &nbsp;&nbsp; 1305 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 8/1/2029 (c) | &nbsp;&nbsp; 660 | &nbsp;&nbsp; 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 8/1/2030 (c) | &nbsp;&nbsp; 17 | &nbsp;&nbsp; 17 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC 2.88%, 10/15/2026 (c) | &nbsp;&nbsp; 1751 | &nbsp;&nbsp; 1727 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. 9.00%, 11/28/2028 (c) | &nbsp;&nbsp; 1213 | &nbsp;&nbsp; 1210 |
| &nbsp;&nbsp;&nbsp; RR Donnelley & Sons Co. 9.50%, 8/1/2029 (c) | &nbsp;&nbsp; 1333 | &nbsp;&nbsp; 1387 |
| &nbsp;&nbsp;&nbsp; Sabre Financial Borrower LLC 11.13%, 6/15/2029 (c) | &nbsp;&nbsp; 853 | &nbsp;&nbsp; 863 |
| &nbsp;&nbsp;&nbsp; Sabre GLBL, Inc. 11.13%, 7/15/2030 (c) | &nbsp;&nbsp; 930 | &nbsp;&nbsp; 752 |
| &nbsp;&nbsp;&nbsp; Saks Global Enterprises LLC 11.00%, 12/15/2029 (c) (k) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; SBA Communications Corp. REIT, 3.13%, 2/1/2029 | &nbsp;&nbsp; 1630 | &nbsp;&nbsp; 1557 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP 6.63%, 3/1/2030 (c) | &nbsp;&nbsp; 1198 | &nbsp;&nbsp; 1093 |
| &nbsp;&nbsp;&nbsp; SCIH Salt Holdings, Inc. 4.88%, 5/1/2028 (c) | &nbsp;&nbsp; 1328 | &nbsp;&nbsp; 1325 |
| &nbsp;&nbsp;&nbsp; Scripps Escrow II, Inc. 3.88%, 1/15/2029 (c) | &nbsp;&nbsp; 1292 | &nbsp;&nbsp; 1192 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp. 6.13%, 2/1/2028 (c) | &nbsp;&nbsp; 1190 | &nbsp;&nbsp; 1208 |
| &nbsp;&nbsp;&nbsp; Service Properties Trust REIT, 8.38%, 6/15/2029 | &nbsp;&nbsp; 404 | &nbsp;&nbsp; 409 |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc. 4.63%, 3/1/2029 (c) | &nbsp;&nbsp; 1261 | &nbsp;&nbsp; 1215 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC 4.00%, 7/15/2028 (c) | &nbsp;&nbsp; 1905 | &nbsp;&nbsp; 1861 |
| &nbsp;&nbsp;&nbsp; SLM Corp. 3.13%, 11/2/2026 | &nbsp;&nbsp; 1080 | &nbsp;&nbsp; 1065 |
| &nbsp;&nbsp;&nbsp; SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 7/1/2028 (c) | &nbsp;&nbsp; 1472 | &nbsp;&nbsp; 1515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 8/1/2029 (c) | &nbsp;&nbsp; 1175 | &nbsp;&nbsp; 1188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.63%, 11/1/2030 (c) | &nbsp;&nbsp; 670 | &nbsp;&nbsp; 709 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, Inc. 4.00%, 4/15/2029 (c) | &nbsp;&nbsp; 1184 | &nbsp;&nbsp; 1149 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc. 4.63%, 11/15/2029 (a) (c) | &nbsp;&nbsp; 939 | &nbsp;&nbsp; 923 |
| &nbsp;&nbsp;&nbsp; Southern Power Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 6/20/2026 | &nbsp;&nbsp; EUR150 | &nbsp;&nbsp; 178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, 4.90%, 10/1/2035 | &nbsp;&nbsp; 370 | &nbsp;&nbsp; 364 |
| &nbsp;&nbsp;&nbsp; Stagwell Global LLC 5.63%, 8/15/2029 (a) (c) | &nbsp;&nbsp; 1420 | &nbsp;&nbsp; 1377 |
| &nbsp;&nbsp;&nbsp; Staples, Inc. 10.75%, 9/1/2029 (c) | &nbsp;&nbsp; 1996 | &nbsp;&nbsp; 1961 |
| &nbsp;&nbsp;&nbsp; Star Leasing Co. LLC 7.63%, 2/15/2030 (c) | &nbsp;&nbsp; 1130 | &nbsp;&nbsp; 1081 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; REIT, 7.25%, 4/1/2029 (c) | &nbsp;&nbsp; 1504 | &nbsp;&nbsp; 1586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; REIT, 6.50%, 7/1/2030 (c) | &nbsp;&nbsp; 332 | &nbsp;&nbsp; 346 |
| &nbsp;&nbsp;&nbsp; Stellantis Financial Services US Corp. 5.40%, 9/15/2030 (c) | &nbsp;&nbsp; 471 | &nbsp;&nbsp; 478 |
| &nbsp;&nbsp;&nbsp; Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 9/15/2028 (c) | &nbsp;&nbsp; 2148 | &nbsp;&nbsp; 2218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 4/30/2030 | &nbsp;&nbsp; 175 | &nbsp;&nbsp; 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 5/1/2030 (c) | &nbsp;&nbsp; 472 | &nbsp;&nbsp; 460 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC 8.63%, 6/1/2030 (c) | &nbsp;&nbsp; 1365 | &nbsp;&nbsp; 1440 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. 6.13%, 10/1/2028 | &nbsp;&nbsp; 2386 | &nbsp;&nbsp; 2388 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc. 8.00%, 11/17/2028 (c) | &nbsp;&nbsp; 1789 | &nbsp;&nbsp; 1800 |
| &nbsp;&nbsp;&nbsp; Tidewater, Inc. 9.13%, 7/15/2030 (c) | &nbsp;&nbsp; 1061 | &nbsp;&nbsp; 1148 |
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC 5.50%, 9/1/2041 | &nbsp;&nbsp; 2650 | &nbsp;&nbsp; 2324 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp. 4.05%, 9/5/2028 | &nbsp;&nbsp; 47 | &nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 8/15/2028 (c) | &nbsp;&nbsp; 850 | &nbsp;&nbsp; 864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 1/15/2029 | &nbsp;&nbsp; 3633 | &nbsp;&nbsp; 3611 |
| &nbsp;&nbsp;&nbsp; Travel + Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 7/31/2026 (c) | &nbsp;&nbsp; 1061 | &nbsp;&nbsp; 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/1/2029 (c) | &nbsp;&nbsp; 27 | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp; TriNet Group, Inc. 3.50%, 3/1/2029 (c) | &nbsp;&nbsp; 1042 | &nbsp;&nbsp; 985 |
| &nbsp;&nbsp;&nbsp; Trinity Industries, Inc. 7.75%, 7/15/2028 (c) | &nbsp;&nbsp; 1099 | &nbsp;&nbsp; 1134 |
| &nbsp;&nbsp;&nbsp; Tronox, Inc. 4.63%, 3/15/2029 (a) (c) | &nbsp;&nbsp; 1141 | &nbsp;&nbsp; 877 |
| &nbsp;&nbsp;&nbsp; TTM Technologies, Inc. 4.00%, 3/1/2029 (c) | &nbsp;&nbsp; 1021 | &nbsp;&nbsp; 992 |
| &nbsp;&nbsp;&nbsp; Twilio, Inc. 3.63%, 3/15/2029 | &nbsp;&nbsp; 1028 | &nbsp;&nbsp; 984 |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc. 4.80%, 9/15/2035 | &nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1187 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 6/15/2027 (c) | &nbsp;&nbsp; 1465 | &nbsp;&nbsp; 1466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 4/15/2029 (c) | &nbsp;&nbsp; 12 | &nbsp;&nbsp; 12 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP REIT, 4.75%, 4/15/2028 (c) | &nbsp;&nbsp; 626 | &nbsp;&nbsp; 625 |
| &nbsp;&nbsp;&nbsp; Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 8/15/2028 (c) | &nbsp;&nbsp; 1516 | &nbsp;&nbsp; 1565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 5/1/2029 (c) | &nbsp;&nbsp; 1062 | &nbsp;&nbsp; 1014 |
| &nbsp;&nbsp;&nbsp; US Acute Care Solutions LLC 9.75%, 5/15/2029 (c) | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 10 |
| &nbsp;&nbsp;&nbsp; US Bancorp (SOFR + 1.88%), 6.79%, 10/26/2027 (h) | &nbsp;&nbsp; 250 | &nbsp;&nbsp; 255 |
| &nbsp;&nbsp;&nbsp; US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 9/15/2028 (c) | &nbsp;&nbsp; 295 | &nbsp;&nbsp; 304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 2/15/2029 (c) | &nbsp;&nbsp; 625 | &nbsp;&nbsp; 623 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP 7.13%, 3/15/2029 (c) | &nbsp;&nbsp; 1320 | &nbsp;&nbsp; 1367 |
| &nbsp;&nbsp;&nbsp; UWM Holdings LLC 6.63%, 2/1/2030 (c) | &nbsp;&nbsp; 1199 | &nbsp;&nbsp; 1209 |
| &nbsp;&nbsp;&nbsp; Vail Resorts, Inc. 5.63%, 7/15/2030 (c) | &nbsp;&nbsp; 228 | &nbsp;&nbsp; 232 |
| &nbsp;&nbsp;&nbsp; Valaris Ltd. 8.38%, 4/30/2030 (c) | &nbsp;&nbsp; 845 | &nbsp;&nbsp; 883 |
| &nbsp;&nbsp;&nbsp; Velocity Vehicle Group LLC 8.00%, 6/1/2029 (c) | &nbsp;&nbsp; 349 | &nbsp;&nbsp; 342 |
| &nbsp;&nbsp;&nbsp; Venture Global Calcasieu Pass LLC 3.88%, 8/15/2029 (c) | &nbsp;&nbsp; 594 | &nbsp;&nbsp; 564 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 2/1/2029 (c) | &nbsp;&nbsp; 1629 | &nbsp;&nbsp; 1735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 1/15/2030 (a) (c) | &nbsp;&nbsp; 1723 | &nbsp;&nbsp; 1734 |
| &nbsp;&nbsp;&nbsp; Veritiv Operating Co. 10.50%, 11/30/2030 (c) | &nbsp;&nbsp; 602 | &nbsp;&nbsp; 645 |
| &nbsp;&nbsp;&nbsp; Vertiv Group Corp. 4.13%, 11/15/2028 (c) | &nbsp;&nbsp; 176 | &nbsp;&nbsp; 173 |
| &nbsp;&nbsp;&nbsp; Victoria's Secret & Co. 4.63%, 7/15/2029 (c) | &nbsp;&nbsp; 1111 | &nbsp;&nbsp; 1086 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd. 7.00%, 2/15/2029 (c) | &nbsp;&nbsp; 1025 | &nbsp;&nbsp; 1029 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 7/31/2027 (c) | &nbsp;&nbsp; 1395 | &nbsp;&nbsp; 1396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 5/1/2029 (c) | &nbsp;&nbsp; 40 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; VoltaGrid LLC 7.38%, 11/1/2030 (c) | &nbsp;&nbsp; 1497 | &nbsp;&nbsp; 1516 |
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.76%, 3/15/2027 | &nbsp;&nbsp; 109 | &nbsp;&nbsp; 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 3/15/2029 | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 1/17/2030 | &nbsp;&nbsp; EUR888 | &nbsp;&nbsp; 1029 |
| &nbsp;&nbsp;&nbsp; Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 10/31/2029 (c) | &nbsp;&nbsp; 1439 | &nbsp;&nbsp; 1505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 9/15/2030 (c) | &nbsp;&nbsp; 93 | &nbsp;&nbsp; 99 |
| &nbsp;&nbsp;&nbsp; WBI Operating LLC 6.25%, 10/15/2030 (c) | &nbsp;&nbsp; 1228 | &nbsp;&nbsp; 1237 |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc. 7.25%, 6/15/2028 (c) | &nbsp;&nbsp; 1209 | &nbsp;&nbsp; 1224 |
| &nbsp;&nbsp;&nbsp; Westlake Corp. 1.63%, 7/17/2029 | &nbsp;&nbsp; EUR2,350 | &nbsp;&nbsp; 2661 |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. 6.13%, 6/15/2030 | &nbsp;&nbsp; 1109 | &nbsp;&nbsp; 1112 |
| &nbsp;&nbsp;&nbsp; Williams Scotsman, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 8/15/2028 (c) | &nbsp;&nbsp; 1342 | &nbsp;&nbsp; 1337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 6/15/2029 (c) | &nbsp;&nbsp; 29 | &nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp; Windsor Holdings III LLC 8.50%, 6/15/2030 (c) | &nbsp;&nbsp; 907 | &nbsp;&nbsp; 956 |
| &nbsp;&nbsp;&nbsp; WPC Eurobond BV REIT, 1.35%, 4/15/2028 | &nbsp;&nbsp; EUR2,350 | &nbsp;&nbsp; 2705 |
| &nbsp;&nbsp;&nbsp; WR Grace Holdings LLC 4.88%, 6/15/2027 (c) | &nbsp;&nbsp; 735 | &nbsp;&nbsp; 735 |
| &nbsp;&nbsp;&nbsp; WULF Compute LLC 7.75%, 10/15/2030 (c) | &nbsp;&nbsp; 1451 | &nbsp;&nbsp; 1513 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Corporate Bonds — continued** | **Corporate Bonds — continued** | **Corporate Bonds — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP 7.25%, 1/15/2029 (a) (c) | &nbsp;&nbsp; 1179 | &nbsp;&nbsp; 1217 |
| &nbsp;&nbsp;&nbsp; ZipRecruiter, Inc. 5.00%, 1/15/2030 (c) | &nbsp;&nbsp; 897 | &nbsp;&nbsp; 622 |
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies LLC 3.88%, 2/1/2029 (c) | &nbsp;&nbsp; 1131 | &nbsp;&nbsp; 1034 |
|  |  | &nbsp;&nbsp; 341197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Corporate Bonds <br>(Cost $457,957)<br>|  | &nbsp;&nbsp; 469714 |
| **Foreign Government Securities — 12.6%** | **Foreign Government Securities — 12.6%** | **Foreign Government Securities — 12.6%** |
| **Australia — 0.3%** | **Australia — 0.3%** | **Australia — 0.3%** |
| &nbsp;&nbsp;&nbsp; New South Wales Treasury Corp. 4.75%, 2/20/2035 (b) | &nbsp;&nbsp; AUD5,585 | &nbsp;&nbsp; 3762 |
| &nbsp;&nbsp;&nbsp; Treasury Corp. of Victoria 2.25%, 9/15/2033 (b) | &nbsp;&nbsp; AUD6,715 | &nbsp;&nbsp; 3836 |
|  |  | &nbsp;&nbsp; 7598 |
| **Belgium — 0.2%** | **Belgium — 0.2%** | **Belgium — 0.2%** |
| &nbsp;&nbsp;&nbsp; Dexia SA 0.25%, 12/10/2026 (b) | &nbsp;&nbsp; GBP4,200 | &nbsp;&nbsp; 5580 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| &nbsp;&nbsp;&nbsp; Federative Republic of Brazil 10.00%, 1/1/2033 | &nbsp;&nbsp; BRL3,486 | &nbsp;&nbsp; 568 |
| &nbsp;&nbsp;&nbsp; Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 1/1/2029 | &nbsp;&nbsp; BRL7,065 | &nbsp;&nbsp; 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 1/1/2031 | &nbsp;&nbsp; BRL6,855 | &nbsp;&nbsp; 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 1/1/2035 | &nbsp;&nbsp; BRL5,050 | &nbsp;&nbsp; 802 |
|  |  | &nbsp;&nbsp; 3796 |
| **Canada — 1.4%** | **Canada — 1.4%** | **Canada — 1.4%** |
| &nbsp;&nbsp;&nbsp; Province of Alberta 2.90%, 12/1/2028 | &nbsp;&nbsp; CAD410 | &nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp; Province of British Columbia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 6/18/2037 | &nbsp;&nbsp; CAD880 | &nbsp;&nbsp; 685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 6/18/2050 | &nbsp;&nbsp; CAD505 | &nbsp;&nbsp; 281 |
| &nbsp;&nbsp;&nbsp; Province of Ontario |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.01%, 11/25/2030 (b) | &nbsp;&nbsp; EUR5,800 | &nbsp;&nbsp; 6047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 12/2/2034 | &nbsp;&nbsp; CAD21,944 | &nbsp;&nbsp; 16262 |
| &nbsp;&nbsp;&nbsp; Province of Quebec 4.00%, 9/1/2035 | &nbsp;&nbsp; CAD21,435 | &nbsp;&nbsp; 15939 |
|  |  | &nbsp;&nbsp; 39516 |
| **Chile — 0.0% ^** | **Chile — 0.0% ^** | **Chile — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Bonos de la Tesoreria de la Republica en pesos 7.00%, 5/1/2034 (b) | &nbsp;&nbsp; CLP230,000 | &nbsp;&nbsp; 293 |
| &nbsp;&nbsp;&nbsp; Republic of Chile 3.75%, 1/14/2032 | &nbsp;&nbsp; EUR483 | &nbsp;&nbsp; 585 |
|  |  | &nbsp;&nbsp; 878 |
| **China — 0.2%** | **China — 0.2%** | **China — 0.2%** |
| &nbsp;&nbsp;&nbsp; People's Republic of China |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.11%, 8/25/2034 | &nbsp;&nbsp; CNY7,040 | &nbsp;&nbsp; 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.04%, 11/25/2034 | &nbsp;&nbsp; CNY4,030 | &nbsp;&nbsp; 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.83%, 8/25/2035 | &nbsp;&nbsp; CNY5,290 | &nbsp;&nbsp; 761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.98%, 4/25/2045 | &nbsp;&nbsp; CNY4,520 | &nbsp;&nbsp; 615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 10/25/2052 | &nbsp;&nbsp; CNY3,120 | &nbsp;&nbsp; 517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 8/25/2055 | &nbsp;&nbsp; CNY5,570 | &nbsp;&nbsp; 778 |
|  |  | &nbsp;&nbsp; 4302 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Foreign Government Securities — continued** | **Foreign Government Securities — continued** | **Foreign Government Securities — continued** |
| **Colombia — 0.2%** | **Colombia — 0.2%** | **Colombia — 0.2%** |
| &nbsp;&nbsp;&nbsp; Republic of Colombia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 8/22/2029 | &nbsp;&nbsp; COP3,188,000 | &nbsp;&nbsp; 819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 9/18/2030 | &nbsp;&nbsp; COP3,332,300 | &nbsp;&nbsp; 746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 3/26/2031 | &nbsp;&nbsp; COP2,568,900 | &nbsp;&nbsp; 547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 6/30/2032 | &nbsp;&nbsp; COP5,060,700 | &nbsp;&nbsp; 1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 1/21/2033 | &nbsp;&nbsp; 482 | &nbsp;&nbsp; 479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.25%, 2/9/2033 | &nbsp;&nbsp; COP2,572,800 | &nbsp;&nbsp; 715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 1/24/2035 | &nbsp;&nbsp; COP6,943,700 | &nbsp;&nbsp; 1801 |
|  |  | &nbsp;&nbsp; 6137 |
| **Czech Republic — 0.2%** | **Czech Republic — 0.2%** | **Czech Republic — 0.2%** |
| &nbsp;&nbsp;&nbsp; Czech Republic |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/11/2032 | &nbsp;&nbsp; CZK71,510 | &nbsp;&nbsp; 3569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/13/2033 | &nbsp;&nbsp; CZK60,010 | &nbsp;&nbsp; 2504 |
|  |  | &nbsp;&nbsp; 6073 |
| **Ecuador — 0.0% ^** | **Ecuador — 0.0% ^** | **Ecuador — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of Ecuador |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 1/29/2034 (c) | &nbsp;&nbsp; 402 | &nbsp;&nbsp; 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 1/29/2039 (c) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 206 |
|  |  | &nbsp;&nbsp; 612 |
| **Egypt — 0.0% ^** | **Egypt — 0.0% ^** | **Egypt — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Arab Republic of Egypt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 9/30/2033 (b) | &nbsp;&nbsp; 385 | &nbsp;&nbsp; 387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 1/31/2047 (b) | &nbsp;&nbsp; 480 | &nbsp;&nbsp; 464 |
|  |  | &nbsp;&nbsp; 851 |
| **El Salvador — 0.0% ^** | **El Salvador — 0.0% ^** | **El Salvador — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of El Salvador |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.65%, 6/15/2035 (b) | &nbsp;&nbsp; 267 | &nbsp;&nbsp; 276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.65%, 11/21/2054 (b) | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 229 |
|  |  | &nbsp;&nbsp; 505 |
| **France — 0.0% ^** | **France — 0.0% ^** | **France — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; French Republic 2.70%, 2/25/2031 (b) | &nbsp;&nbsp; EUR5 | &nbsp;&nbsp; 6 |
| **Germany — 2.2%** | **Germany — 2.2%** | **Germany — 2.2%** |
| &nbsp;&nbsp;&nbsp; Bundesobligation 2.20%, 10/10/2030 (b) | &nbsp;&nbsp; EUR9,310 | &nbsp;&nbsp; 10954 |
| &nbsp;&nbsp;&nbsp; Bundesrepublik Deutschland |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 8/15/2035 (b) | &nbsp;&nbsp; EUR7,835 | &nbsp;&nbsp; 9129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 8/15/2056 (b) | &nbsp;&nbsp; EUR3,858 | &nbsp;&nbsp; 4066 |
| &nbsp;&nbsp;&nbsp; Bundesschatzanweisungen |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 3/11/2027 (b) | &nbsp;&nbsp; EUR20,060 | &nbsp;&nbsp; 23824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/16/2027 (b) | &nbsp;&nbsp; EUR12,690 | &nbsp;&nbsp; 15025 |
|  |  | &nbsp;&nbsp; 62998 |
| **Ghana — 0.0% ^** | **Ghana — 0.0% ^** | **Ghana — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of Ghana 5.00%, 7/3/2035 (b) (j) | &nbsp;&nbsp; 550 | &nbsp;&nbsp; 501 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Foreign Government Securities — continued** | **Foreign Government Securities — continued** | **Foreign Government Securities — continued** |
| **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** | **Guatemala — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of Guatemala 6.25%, 8/15/2036 (c) | &nbsp;&nbsp; 611 | &nbsp;&nbsp; 636 |
| **Hungary — 0.5%** | **Hungary — 0.5%** | **Hungary — 0.5%** |
| &nbsp;&nbsp;&nbsp; Hungary Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 9/22/2031 (c) | &nbsp;&nbsp; 1158 | &nbsp;&nbsp; 995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/24/2032 | &nbsp;&nbsp; HUF495,250 | &nbsp;&nbsp; 1406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 4/20/2033 | &nbsp;&nbsp; HUF258,870 | &nbsp;&nbsp; 616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 6/16/2034 (b) | &nbsp;&nbsp; EUR3,305 | &nbsp;&nbsp; 3984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 6/5/2035 (b) | &nbsp;&nbsp; EUR300 | &nbsp;&nbsp; 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/24/2035 | &nbsp;&nbsp; HUF2,660,520 | &nbsp;&nbsp; 8506 |
|  |  | &nbsp;&nbsp; 15793 |
| **India — 0.3%** | **India — 0.3%** | **India — 0.3%** |
| &nbsp;&nbsp;&nbsp; Republic of India |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.02%, 6/18/2031 | &nbsp;&nbsp; INR375,600 | &nbsp;&nbsp; 4172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 4/8/2034 | &nbsp;&nbsp; INR262,610 | &nbsp;&nbsp; 2918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 6/19/2053 | &nbsp;&nbsp; INR149,280 | &nbsp;&nbsp; 1610 |
|  |  | &nbsp;&nbsp; 8700 |
| **Indonesia — 0.4%** | **Indonesia — 0.4%** | **Indonesia — 0.4%** |
| &nbsp;&nbsp;&nbsp; Republic of Indonesia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 2/15/2031 | &nbsp;&nbsp; IDR31,580,000 | &nbsp;&nbsp; 1940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 4/15/2032 | &nbsp;&nbsp; IDR29,028,000 | &nbsp;&nbsp; 1755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 2/15/2033 | &nbsp;&nbsp; IDR5,993,000 | &nbsp;&nbsp; 370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 2/15/2034 | &nbsp;&nbsp; IDR82,342,000 | &nbsp;&nbsp; 4989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 6/15/2035 | &nbsp;&nbsp; IDR16,011,000 | &nbsp;&nbsp; 1026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 7/15/2035 | &nbsp;&nbsp; IDR24,562,000 | &nbsp;&nbsp; 1504 |
|  |  | &nbsp;&nbsp; 11584 |
| **Italy — 1.0%** | **Italy — 1.0%** | **Italy — 1.0%** |
| &nbsp;&nbsp;&nbsp; Buoni Poliennali del Tesoro |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 8/1/2035 (b) | &nbsp;&nbsp; EUR6,515 | &nbsp;&nbsp; 7896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/1/2054 (b) | &nbsp;&nbsp; EUR18,040 | &nbsp;&nbsp; 21388 |
|  |  | &nbsp;&nbsp; 29284 |
| **Japan — 1.0%** | **Japan — 1.0%** | **Japan — 1.0%** |
| &nbsp;&nbsp;&nbsp; Japan Bank for International Cooperation 1.63%, 1/20/2027 | &nbsp;&nbsp; 96 | &nbsp;&nbsp; 94 |
| &nbsp;&nbsp;&nbsp; Japan Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 6/20/2035 | &nbsp;&nbsp; JPY308,150 | &nbsp;&nbsp; 1878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 9/20/2043 | &nbsp;&nbsp; JPY3,543,850 | &nbsp;&nbsp; 18113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 3/20/2052 | &nbsp;&nbsp; JPY574,850 | &nbsp;&nbsp; 2081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 12/20/2054 | &nbsp;&nbsp; JPY430,000 | &nbsp;&nbsp; 2136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 3/20/2055 | &nbsp;&nbsp; JPY296,250 | &nbsp;&nbsp; 1176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 3/20/2055 | &nbsp;&nbsp; JPY848,900 | &nbsp;&nbsp; 4312 |
|  |  | &nbsp;&nbsp; 29790 |
| **Jordan — 0.0% ^** | **Jordan — 0.0% ^** | **Jordan — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Hashemite Kingdom of Jordan 5.75%, 11/12/2032 (b) | &nbsp;&nbsp; 1000 | &nbsp;&nbsp; 979 |
| **Kenya — 0.0% ^** | **Kenya — 0.0% ^** | **Kenya — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of Kenya 9.50%, 3/5/2036 (b) | &nbsp;&nbsp; 225 | &nbsp;&nbsp; 241 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Foreign Government Securities — continued** | **Foreign Government Securities — continued** | **Foreign Government Securities — continued** |
| **Malaysia — 0.3%** | **Malaysia — 0.3%** | **Malaysia — 0.3%** |
| &nbsp;&nbsp;&nbsp; Malaysia Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 4/15/2031 | &nbsp;&nbsp; MYR15,127 | &nbsp;&nbsp; 3707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 7/5/2034 | &nbsp;&nbsp; MYR7,285 | &nbsp;&nbsp; 1886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 5/16/2044 | &nbsp;&nbsp; MYR2,516 | &nbsp;&nbsp; 660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 3/15/2046 | &nbsp;&nbsp; MYR3,636 | &nbsp;&nbsp; 1019 |
|  |  | &nbsp;&nbsp; 7272 |
| **Mexico — 1.1%** | **Mexico — 1.1%** | **Mexico — 1.1%** |
| &nbsp;&nbsp;&nbsp; Eagle Funding Luxco SARL 5.50%, 8/17/2030 (b) | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 406 |
| &nbsp;&nbsp;&nbsp; Mex Bonos Desarr Fix Rt |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 3/1/2029 | &nbsp;&nbsp; MXN40,182 | &nbsp;&nbsp; 2336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 5/29/2031 | &nbsp;&nbsp; MXN278,070 | &nbsp;&nbsp; 15495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 4/15/2032 | &nbsp;&nbsp; MXN22,790 | &nbsp;&nbsp; 1270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 5/26/2033 | &nbsp;&nbsp; MXN128,410 | &nbsp;&nbsp; 6919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 2/21/2036 | &nbsp;&nbsp; MXN43,100 | &nbsp;&nbsp; 2322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/13/2042 | &nbsp;&nbsp; MXN22,990 | &nbsp;&nbsp; 1144 |
| &nbsp;&nbsp;&nbsp; United Mexican States 2.66%, 5/24/2031 | &nbsp;&nbsp; 1110 | &nbsp;&nbsp; 988 |
|  |  | &nbsp;&nbsp; 30880 |
| **Panama — 0.0% ^** | **Panama — 0.0% ^** | **Panama — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of Panama 3.87%, 7/23/2060 | &nbsp;&nbsp; 930 | &nbsp;&nbsp; 604 |
| **Peru — 0.1%** | **Peru — 0.1%** | **Peru — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bonos de la Tesoreria |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 8/12/2034 | &nbsp;&nbsp; PEN5,431 | &nbsp;&nbsp; 1613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 8/12/2035 (b) | &nbsp;&nbsp; PEN2,234 | &nbsp;&nbsp; 714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 8/12/2040 | &nbsp;&nbsp; PEN2,337 | &nbsp;&nbsp; 619 |
|  |  | &nbsp;&nbsp; 2946 |
| **Philippines — 0.0% ^** | **Philippines — 0.0% ^** | **Philippines — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Republic of Philippines |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 9/15/2032 | &nbsp;&nbsp; PHP17,710 | &nbsp;&nbsp; 316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 4/28/2035 | &nbsp;&nbsp; PHP27,710 | &nbsp;&nbsp; 484 |
|  |  | &nbsp;&nbsp; 800 |
| **Poland — 0.3%** | **Poland — 0.3%** | **Poland — 0.3%** |
| &nbsp;&nbsp;&nbsp; Republic of Poland |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 7/25/2029 | &nbsp;&nbsp; PLN7,333 | &nbsp;&nbsp; 2115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 7/25/2030 | &nbsp;&nbsp; PLN6,868 | &nbsp;&nbsp; 1952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 4/25/2032 | &nbsp;&nbsp; PLN7,815 | &nbsp;&nbsp; 1868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/25/2033 | &nbsp;&nbsp; PLN1,894 | &nbsp;&nbsp; 573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/25/2035 | &nbsp;&nbsp; PLN2,407 | &nbsp;&nbsp; 673 |
|  |  | &nbsp;&nbsp; 7181 |
| **Romania — 0.3%** | **Romania — 0.3%** | **Romania — 0.3%** |
| &nbsp;&nbsp;&nbsp; Romania Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 4/25/2029 | &nbsp;&nbsp; RON9,415 | &nbsp;&nbsp; 2199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 7/29/2030 | &nbsp;&nbsp; RON495 | &nbsp;&nbsp; 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/24/2030 | &nbsp;&nbsp; RON3,895 | &nbsp;&nbsp; 830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 4/28/2031 | &nbsp;&nbsp; RON715 | &nbsp;&nbsp; 174 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Foreign Government Securities — continued** | **Foreign Government Securities — continued** | **Foreign Government Securities — continued** |
| **Romania — continued** | **Romania — continued** | **Romania — continued** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 9/24/2031 | &nbsp;&nbsp; RON4,675 | &nbsp;&nbsp; 952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 2/25/2032 | &nbsp;&nbsp; RON6,380 | &nbsp;&nbsp; 1499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 9/29/2032 | &nbsp;&nbsp; RON5,260 | &nbsp;&nbsp; 1335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 10/30/2033 | &nbsp;&nbsp; RON1,585 | &nbsp;&nbsp; 382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 1/28/2050 (b) | &nbsp;&nbsp; EUR885 | &nbsp;&nbsp; 713 |
|  |  | &nbsp;&nbsp; 8202 |
| **South Africa — 0.3%** | **South Africa — 0.3%** | **South Africa — 0.3%** |
| &nbsp;&nbsp;&nbsp; Republic of South Africa |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 3/31/2032 | &nbsp;&nbsp; ZAR11,123 | &nbsp;&nbsp; 708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 3/31/2033 | &nbsp;&nbsp; ZAR7,000 | &nbsp;&nbsp; 485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 2/28/2035 | &nbsp;&nbsp; ZAR13,426 | &nbsp;&nbsp; 875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 1/31/2037 | &nbsp;&nbsp; ZAR20,530 | &nbsp;&nbsp; 1280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.88%, 3/31/2039 | &nbsp;&nbsp; ZAR3,504 | &nbsp;&nbsp; 238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 1/31/2040 | &nbsp;&nbsp; ZAR20,525 | &nbsp;&nbsp; 1300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.13%, 3/31/2042 | &nbsp;&nbsp; ZAR8,080 | &nbsp;&nbsp; 556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 1/31/2044 | &nbsp;&nbsp; ZAR21,360 | &nbsp;&nbsp; 1301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 9/30/2049 | &nbsp;&nbsp; 1105 | &nbsp;&nbsp; 908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 12/11/2055 (c) | &nbsp;&nbsp; 722 | &nbsp;&nbsp; 701 |
|  |  | &nbsp;&nbsp; 8352 |
| **Spain — 0.3%** | **Spain — 0.3%** | **Spain — 0.3%** |
| &nbsp;&nbsp;&nbsp; Bonos and Obligaciones del Estado 4.00%, 10/31/2054 (b) | &nbsp;&nbsp; EUR6,670 | &nbsp;&nbsp; 7792 |
| **Thailand — 0.2%** | **Thailand — 0.2%** | **Thailand — 0.2%** |
| &nbsp;&nbsp;&nbsp; Kingdom of Thailand |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 6/17/2036 | &nbsp;&nbsp; THB43,080 | &nbsp;&nbsp; 1537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 6/17/2038 | &nbsp;&nbsp; THB40,405 | &nbsp;&nbsp; 1427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 6/17/2040 | &nbsp;&nbsp; THB13,700 | &nbsp;&nbsp; 450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 6/17/2042 | &nbsp;&nbsp; THB46,357 | &nbsp;&nbsp; 1365 |
|  |  | &nbsp;&nbsp; 4779 |
| **Turkey — 0.1%** | **Turkey — 0.1%** | **Turkey — 0.1%** |
| &nbsp;&nbsp;&nbsp; Republic of Turkiye (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 3/14/2033 | &nbsp;&nbsp; 1554 | &nbsp;&nbsp; 1539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 1/14/2038 | &nbsp;&nbsp; 1753 | &nbsp;&nbsp; 1733 |
|  |  | &nbsp;&nbsp; 3272 |
| **United Kingdom — 1.6%** | **United Kingdom — 1.6%** | **United Kingdom — 1.6%** |
| &nbsp;&nbsp;&nbsp; United Kingdom of Great Britain and Northern Ireland |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 3/7/2035 (b) | &nbsp;&nbsp; GBP29,807 | &nbsp;&nbsp; 40705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 7/31/2054 (b) | &nbsp;&nbsp; GBP3,925 | &nbsp;&nbsp; 4652 |
|  |  | &nbsp;&nbsp; 45357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Foreign Government Securities <br>(Cost $360,559)<br>|  | &nbsp;&nbsp; 363797 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **SHARES** <br>**(000)**<br>| **VALUE** <br>**($000)**<br>|
| **Investment Companies — 5.6%** | **Investment Companies — 5.6%** | **Investment Companies — 5.6%** |
| **United States — 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Income Fund, Class R6 Shares (l) | &nbsp;&nbsp; 13514 | &nbsp;&nbsp; 116222 |
| &nbsp;&nbsp;&nbsp; JPMorgan Small Cap Equity Fund, Class R6 Shares (l) | &nbsp;&nbsp; 932 | &nbsp;&nbsp; 43903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment Companies <br>(Cost $158,834)<br>|  | &nbsp;&nbsp; 160125 |
| **Exchange-Traded Funds — 3.4%** | **Exchange-Traded Funds — 3.4%** | **Exchange-Traded Funds — 3.4%** |
| **United States — 3.4%** | **United States — 3.4%** | **United States — 3.4%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Income ETF (l)(Cost $95,792) | &nbsp;&nbsp; 2095 | &nbsp;&nbsp; 97400 |
|  | **PRINCIPAL** <br>**AMOUNT** <br>**($000)**<br>|  |
| **U.S. Treasury Obligations — 2.8%** | **U.S. Treasury Obligations — 2.8%** | **U.S. Treasury Obligations — 2.8%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 1/31/2027 (m) | &nbsp;&nbsp; 74908 | &nbsp;&nbsp; 75319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 9/15/2027 | &nbsp;&nbsp; 200 | &nbsp;&nbsp; 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/31/2030 | &nbsp;&nbsp; 5550 | &nbsp;&nbsp; 5511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $81,030)<br>|  | &nbsp;&nbsp; 81029 |
| **Asset-Backed Securities — 0.3%** | **Asset-Backed Securities — 0.3%** | **Asset-Backed Securities — 0.3%** |
| **United States — 0.3%** | **United States — 0.3%** | **United States — 0.3%** |
| &nbsp;&nbsp;&nbsp; American Credit Acceptance Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class C, 4.55%, 1/12/2033 (c) | &nbsp;&nbsp; 865 | &nbsp;&nbsp; 866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class D, 5.10%, 1/12/2033 (c) | &nbsp;&nbsp; 784 | &nbsp;&nbsp; 784 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Issuer Trust Series 2025-B, Class A, 4.79%, 5/17/2051 (c) | &nbsp;&nbsp; 624 | &nbsp;&nbsp; 631 |
| &nbsp;&nbsp;&nbsp; Bridgecrest Lending Auto Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class C, 4.44%, 11/17/2031 | &nbsp;&nbsp; 364 | &nbsp;&nbsp; 365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1, Class D, 4.99%, 11/17/2031 | &nbsp;&nbsp; 442 | &nbsp;&nbsp; 444 |
| &nbsp;&nbsp;&nbsp; Exeter Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class C, 4.40%, 5/17/2032 | &nbsp;&nbsp; 348 | &nbsp;&nbsp; 349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2026-1A, Class D, 5.00%, 5/17/2032 | &nbsp;&nbsp; 691 | &nbsp;&nbsp; 692 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2026-CES1, Class A1, 4.90%, 5/25/2056 (c) (j) | &nbsp;&nbsp; 294 | &nbsp;&nbsp; 294 |
| &nbsp;&nbsp;&nbsp; Lendmark Funding Trust Series 2025-2A, Class A, 4.78%, 10/20/2034 (c) | &nbsp;&nbsp; 1407 | &nbsp;&nbsp; 1419 |
| &nbsp;&nbsp;&nbsp; Progress Residential Trust Series 2025-SFR3, Class A, 3.39%, 7/17/2042 (c) | &nbsp;&nbsp; 1295 | &nbsp;&nbsp; 1233 |
| &nbsp;&nbsp;&nbsp; RCKT Mortgage Trust Series 2025-CES11, Class A1A, 4.97%, 11/25/2055 (c) (j) | &nbsp;&nbsp; 880 | &nbsp;&nbsp; 883 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2025-3, Class C, 4.68%, 9/15/2031 | &nbsp;&nbsp; 313 | &nbsp;&nbsp; 315 |
| &nbsp;&nbsp;&nbsp; Sierra Timeshare Receivables Funding LLC Series 2025-2A, Class A, 4.72%, 4/20/2044 (c) | &nbsp;&nbsp; 187 | &nbsp;&nbsp; 187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br>(Cost $8,402)<br>|  | &nbsp;&nbsp; 8462 |
| **Collateralized Mortgage Obligations — 0.1%** | **Collateralized Mortgage Obligations — 0.1%** | **Collateralized Mortgage Obligations — 0.1%** |
| **United States — 0.1%** | **United States — 0.1%** | **United States — 0.1%** |
| &nbsp;&nbsp;&nbsp; CHL Mortgage Pass-Through Trust Series 2007-10, Class A4, 5.50%, 7/25/2037 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Deutsche Alt-A Securities Mortgage Loan Trust Series 2006-AF1, Class A4, 4.39%, 4/25/2036 (n) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities Trust Series 2025-RPL3, Class A1, 4.10%, 7/25/2065 (c) (j) | &nbsp;&nbsp; 251 | &nbsp;&nbsp; 246 |
| &nbsp;&nbsp;&nbsp; HarborView Mortgage Loan Trust Series 2006-14, Class 1A1A, 4.15%, 1/25/2047 (n) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; JPMorgan Mortgage Trust Series 2005-A8, Class 2A3, 5.19%, 11/25/2035 (n) | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust Series 2026-RTL1, Class A1, 4.96%, 1/25/2041 (c) (j) (o) | &nbsp;&nbsp; 830 | &nbsp;&nbsp; 830 |
| &nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2026-NQM1, Class A1, 4.82%, 11/25/2065 (c) (n) | &nbsp;&nbsp; 962 | &nbsp;&nbsp; 962 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | **PRINCIPAL**<br> **AMOUNT**<br> **($000)**<br>| **VALUE**<br> **($000)**<br>|
| **Collateralized Mortgage Obligations — continued** | **Collateralized Mortgage Obligations — continued** | **Collateralized Mortgage Obligations — continued** |
| **United States — continued** | **United States — continued** | **United States — continued** |
| &nbsp;&nbsp;&nbsp; OBX Trust Series 2026-NQM2, Class A1A, 4.82%, 12/1/2065 (c) (j) | &nbsp;&nbsp; 1170 | &nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Collateralized Mortgage Obligations <br>(Cost $3,204)<br>|  | &nbsp;&nbsp; 3210 |
| **Supranational — 0.1%** | **Supranational — 0.1%** | **Supranational — 0.1%** |
| &nbsp;&nbsp;&nbsp; Asian Development Bank, 3.40%, 9/10/2027 (b)(Cost $2,216) | &nbsp;&nbsp; AUD3,030 | &nbsp;&nbsp; 2077 |
| **Mortgage-Backed Securities — 0.0% ^** | **Mortgage-Backed Securities — 0.0% ^** | **Mortgage-Backed Securities — 0.0% ^** |
| **United States — 0.0% ^** | **United States — 0.0% ^** | **United States — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; GNMA II, 30 Year Pool # MB0203, 4.50%, 2/20/2055(Cost $1,112) | &nbsp;&nbsp; USD1,130 | &nbsp;&nbsp; 1105 |
| **Commercial Mortgage-Backed Securities — 0.0% ^** | **Commercial Mortgage-Backed Securities — 0.0% ^** | **Commercial Mortgage-Backed Securities — 0.0% ^** |
| **United States — 0.0% ^** | **United States — 0.0% ^** | **United States — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Velocity Commercial Capital Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2, Class M2, 4.51%, 10/26/2048 (c) (n) | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2, Class M3, 4.72%, 10/26/2048 (c) (n) | &nbsp;&nbsp; 156 | &nbsp;&nbsp; 147 |
| &nbsp;&nbsp;&nbsp; WHARF Commercial Mortgage Trust Series 2025-DC, Class A, 5.53%, 7/15/2040 (c) (n) | &nbsp;&nbsp; 177 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Mortgage-Backed Securities <br>(Cost $440)<br>|  | &nbsp;&nbsp; 431 |
| **Loan Assignments — 0.0% ‡ (p) ^** | **Loan Assignments — 0.0% ‡ (p) ^** | **Loan Assignments — 0.0% ‡ (p) ^** |
| **United States — 0.0% ^** | **United States — 0.0% ^** | **United States — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Moran Foods LLC, 2nd Lien PIK Term Loan (3-MONTH CME TERM SOFR + 9.35% (PIK) + 2.00%), 5.67%, 6/30/2026 (h) (i) | &nbsp;&nbsp; 352 | &nbsp;&nbsp; —<br> (d)<br>|
| &nbsp;&nbsp;&nbsp; Moran Foods LLC, 1st Lien PIK Term Loan (3-MONTH CME TERM SOFR + 9.35% (PIK) + 2.00%), 5.67%, 6/30/2026 (h) (i) | &nbsp;&nbsp; 970 | &nbsp;&nbsp; 241 |
| &nbsp;&nbsp;&nbsp; FGI Operating Co. LLC, 1st Lien Term Loan 0.00%, 12/31/2026 (k) (n) | &nbsp;&nbsp; 13 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Moran Foods LLC, 1st Lien Super Senior Delayed Draw Term Loan (3-MONTH CME TERM SOFR + 15.83% (PIK) + 11.50%), <br> 15.44%, 6/30/2026 (h) (i)<br>| &nbsp;&nbsp; 29 | &nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Loan Assignments <br>(Cost $1,333)<br>|  | &nbsp;&nbsp; 269 |
| **Short-Term Investments — 10.9%** | **Short-Term Investments — 10.9%** | **Short-Term Investments — 10.9%** |
| **Commercial Paper — 0.0% ^** | **Commercial Paper — 0.0% ^** | **Commercial Paper — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial, 4.44%, 5/12/2026 (c) (q) (Cost $184) | &nbsp;&nbsp; 186 | &nbsp;&nbsp; 184 |
|  | **SHARES** <br>**(000)**<br>|  |
| **Investment Companies — 10.0%** | **Investment Companies — 10.0%** | **Investment Companies — 10.0%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class Institutional Shares, 3.69% (l) (r) (Cost $288,126) | &nbsp;&nbsp; 288031 | &nbsp;&nbsp; 288146 |
| **Investment of Cash Collateral from Securities Loaned — 0.9%** | **Investment of Cash Collateral from Securities Loaned — 0.9%** | **Investment of Cash Collateral from Securities Loaned — 0.9%** |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 3.68% (l) (r) (Cost $25,979) | &nbsp;&nbsp; 25979 | &nbsp;&nbsp; 25979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $314,289)<br>|  | &nbsp;&nbsp; 314309 |
| **Total Investments — 100.1%** <br>**(Cost $2,420,856)**<br>|  | &nbsp;&nbsp; **2884879** |
| **Liabilities in Excess of Other Assets — (0.1)%** |  | &nbsp;&nbsp; **(3306)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp; **2881573** |

---

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

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| |
|:---|
| <br>Percentages indicated are based on net assets. |
| <br>Amounts presented as a dash ("-") represent amounts that round to less than a thousand. |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| ADR | American Depositary Receipt |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CLP | Chile Peso |
| CME | Chicago Mercantile Exchange |
| CNY | China Yuan |
| COP | Columbian Peso |
| CVA | Certificaten Van Aandelen (Dutch Certificate) |
| CZK | Czech Republic Koruna |
| ETF | Exchange Traded Fund |
| EUR | Euro |
| EURIBOR | Euro Interbank Offered Rate |
| GBP | British Pound |
| GDR | Global Depositary Receipt |
| GNMA | Government National Mortgage Association |
| HUF | Hungarian Forint |
| ICE | Intercontinental Exchange |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| JSC | Joint Stock Company |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| OYJ | Public Limited Company |
| PEN | Peruvian Nuevo Sol |
| PHP | Philippines Peso |
| PIK | Payment In Kind |
| PJSC | Public Joint Stock Company |
| PLN | Polish Zloty |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference <br> shares may also have liquidation preference.<br>|
| PT | Limited liability company |
| REIT | Real Estate Investment Trust |
| RON | Romanian Leu |
| SCA | Limited partnership with share capital |
| SGPS | Holding company |
| SOFR | Secured Overnight Financing Rate |
| SOFRINDX | Compounding index of the Secured Overnight Financing Rate |
| THB | Thai Baht |
| ZAR | South African Rand |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | The security or a portion of this security is on loan at January 31, 2026. The total value of securities on loan at January 31, 2026 is <br> $23,489.<br>|
| (b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities <br> offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have <br> restrictions on resale.<br>|
| (c) | Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended. |
| (d) | Value is zero. |
| (e) | Contingent Capital security ("CoCo"). CoCos are hybrid debt securities that may be convertible into equity or may be written down if a <br> pre-specified trigger event occurs. The total value of aggregate CoCo holdings at January 31, 2026 is $9,134 or 0.32% of the Fund's net <br> assets as of January 31, 2026.<br>|

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Security is an interest bearing note with preferred security characteristics.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Security is perpetual and thus, does not have a predetermined maturity date. The coupon
 rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects
 the next call date. The coupon rate shown is the rate in effect as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Variable or floating rate security, linked to the referenced benchmark. The interest
 rate shown is the current rate as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Security has the ability to pay in kind ("PIK") or pay income in cash. When applicable, separate rates of such payments are disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Step bond. Interest rate is a fixed rate for an initial period that either resets
 at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of January 31,
 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Investment in an affiliated fund, which is registered under the Investment Company
 Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) All or a portion of this security is deposited with the broker as initial margin for
 futures contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Variable or floating rate security, the interest rate of which adjusts periodically
 based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
 January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) All or a portion of the security is a when-issued security, delayed delivery security,
 or forward commitment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Loan assignments are presented by obligor. Each series or loan tranche underlying
 each obligor may have varying terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) The rate shown is the effective yield as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) The rate shown is the current yield as of January 31, 2026.

**Summary of Investments by Industry, January 31, 2026**

The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:

---

| | |
|:---|:---|
| **INDUSTRY** | **PERCENT OF** <br>**TOTAL** <br>**INVESTMENTS**<br>|
| Foreign Government Securities | 12.6<br> %<br>|
| Fixed Income | 7.4 |
| Banks | 7.4 |
| Semiconductors & Semiconductor Equipment | 6.1 |
| Interactive Media & Services | 3.1 |
| Oil, Gas & Consumable Fuels | 3.0 |
| U.S. Treasury Notes | 2.8 |
| Capital Markets | 2.8 |
| Software | 2.3 |
| Technology Hardware, Storage & Peripherals | 2.1 |
| Pharmaceuticals | 2.1 |
| Hotels, Restaurants & Leisure | 2.0 |
| Broadline Retail | 1.9 |
| Financial Services | 1.6 |
| U.S. Equity | 1.5 |
| Insurance | 1.5 |
| Specialty Retail | 1.4 |
| Aerospace & Defense | 1.4 |
| Machinery | 1.2 |
| Electric Utilities | 1.2 |
| Automobiles | 1.2 |
| Metals & Mining | 1.1 |
| Media | 1.1 |
| Entertainment | 1.1 |
| Biotechnology | 1.0 |
| Others (each less than 1.0%) | 18.2 |
| Short-Term Investments | 10.9 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

Detailed information about investment portfolios of the Underlying Funds, as defined in the Notes to Financial Statements, can be found in financial statements filed with the Securities and Exchange Commission (SEC) by each such underlying fund semi-annually on Form N-CSR and in portfolio holdings filed quarterly on Form N-PORT, and are available for download from both the SEC's as well as each respective underlying fund's website. Detailed information about Underlying J.P. Morgan Funds can also be found at www.jpmorganfunds.com or by calling 1-800-480-4111.

**Futures contracts outstanding as of January 31, 2026 (amounts in thousands, except number of contracts):**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| Euro-BTP | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 3015 | &nbsp;&nbsp;&nbsp;&nbsp; 19 |
| Euro-Bund | &nbsp;&nbsp;&nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 24301 | &nbsp;&nbsp;&nbsp;&nbsp; 13 |
| Euro-OAT | &nbsp;&nbsp;&nbsp;&nbsp; 205 | &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 29629 | &nbsp;&nbsp;&nbsp;&nbsp; 144 |
| Euro-Schatz | &nbsp;&nbsp;&nbsp;&nbsp; 438 | &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; 55498 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| Japan 10 Year Mini Bond | &nbsp;&nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp; 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; JPY | &nbsp;&nbsp;&nbsp;&nbsp; 10460 | &nbsp;&nbsp;&nbsp;&nbsp; (140)<br>|
| TOPIX Index | &nbsp;&nbsp;&nbsp;&nbsp; 266 | &nbsp;&nbsp;&nbsp;&nbsp; 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; JPY | &nbsp;&nbsp;&nbsp;&nbsp; 61576 | &nbsp;&nbsp;&nbsp;&nbsp; 3521 |
| Japan 10 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; 259 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; JPY | &nbsp;&nbsp;&nbsp;&nbsp; 220324 | &nbsp;&nbsp;&nbsp;&nbsp; (1121)<br>|
| Australia 10 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 03/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp; AUD | &nbsp;&nbsp;&nbsp;&nbsp; 3724 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| Foreign Exchange JPY/USD | &nbsp;&nbsp;&nbsp;&nbsp; 356 | &nbsp;&nbsp;&nbsp;&nbsp; 03/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 28860 | &nbsp;&nbsp;&nbsp;&nbsp; 122 |
| Foreign Exchange CAD/USD | &nbsp;&nbsp;&nbsp;&nbsp; 510 | &nbsp;&nbsp;&nbsp;&nbsp; 03/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 37526 | &nbsp;&nbsp;&nbsp;&nbsp; 350 |
| Korea 10 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; 185 | &nbsp;&nbsp;&nbsp;&nbsp; 03/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp; KRW | &nbsp;&nbsp;&nbsp;&nbsp; 14238 | &nbsp;&nbsp;&nbsp;&nbsp; (181)<br>|
| S&P / TSX 60 Index | &nbsp;&nbsp;&nbsp;&nbsp; 99 | &nbsp;&nbsp;&nbsp;&nbsp; 03/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp; CAD | &nbsp;&nbsp;&nbsp;&nbsp; 26957 | &nbsp;&nbsp;&nbsp;&nbsp; (124)<br>|
| Canada 5 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; CAD | &nbsp;&nbsp;&nbsp;&nbsp; 5252 | &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>|
| FTSE 100 Index | &nbsp;&nbsp;&nbsp;&nbsp; 218 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; GBP | &nbsp;&nbsp;&nbsp;&nbsp; 30395 | &nbsp;&nbsp;&nbsp;&nbsp; 1053 |
| MSCI EAFE Index | &nbsp;&nbsp;&nbsp;&nbsp; 167 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 25357 | &nbsp;&nbsp;&nbsp;&nbsp; 1033 |
| MSCI Emerging Markets Index | &nbsp;&nbsp;&nbsp;&nbsp; 1741 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 132412 | &nbsp;&nbsp;&nbsp;&nbsp; 961 |
| S&P 500 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; 919 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 320145 | &nbsp;&nbsp;&nbsp;&nbsp; 2690 |
| S&P E-Mini Communication Services Index | &nbsp;&nbsp;&nbsp;&nbsp; 364 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 57385 | &nbsp;&nbsp;&nbsp;&nbsp; 1694 |
| U.S. Treasury 10 Year Note | &nbsp;&nbsp;&nbsp;&nbsp; 318 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 35536 | &nbsp;&nbsp;&nbsp;&nbsp; 44 |
| U.S. Treasury 10 Year Ultra Note | &nbsp;&nbsp;&nbsp;&nbsp; 888 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 101260 | &nbsp;&nbsp;&nbsp;&nbsp; (733)<br>|
| U.S. Treasury Long Bond | &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 1033 | &nbsp;&nbsp;&nbsp;&nbsp; (20)<br>|
| XAF Financial Index | &nbsp;&nbsp;&nbsp;&nbsp; 219 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 36165 | &nbsp;&nbsp;&nbsp;&nbsp; (529)<br>|
| XAK Technology Equity Index | &nbsp;&nbsp;&nbsp;&nbsp; 256 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 74570 | &nbsp;&nbsp;&nbsp;&nbsp; (295)<br>|
| XAV Health Care Index | &nbsp;&nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 9098 | &nbsp;&nbsp;&nbsp;&nbsp; (216)<br>|
| XAY Consumer Discretionary Index | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 11806 | &nbsp;&nbsp;&nbsp;&nbsp; (123)<br>|
| Long Gilt | &nbsp;&nbsp;&nbsp;&nbsp; 1101 | &nbsp;&nbsp;&nbsp;&nbsp; 03/27/2026 | &nbsp;&nbsp;&nbsp;&nbsp; GBP | &nbsp;&nbsp;&nbsp;&nbsp; 136870 | &nbsp;&nbsp;&nbsp;&nbsp; (330)<br>|
| U.S. Treasury 2 Year Note | &nbsp;&nbsp;&nbsp;&nbsp; 350 | &nbsp;&nbsp;&nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 72964 | &nbsp;&nbsp;&nbsp;&nbsp; 55 |
| U.S. Treasury 5 Year Note | &nbsp;&nbsp;&nbsp;&nbsp; 2656 | &nbsp;&nbsp;&nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 289276 | &nbsp;&nbsp;&nbsp;&nbsp; (1878)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5984 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF**<br> **CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL**<br> **AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND**<br> **UNREALIZED**<br> **APPRECIATION**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Short Contracts** |  |  |  |  |  |
| Euro-Bobl | &nbsp;&nbsp;&nbsp;&nbsp; (148)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; (20450)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8 |
| Euro-Bund | &nbsp;&nbsp;&nbsp;&nbsp; (1035)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; (157195)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (102)<br>|
| Euro-Buxl 30 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; (82)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; (10661)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 77 |
| Australia 10 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; (1236)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp; AUD | &nbsp;&nbsp;&nbsp;&nbsp; (93946)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (171)<br>|
| SPI 200 Index | &nbsp;&nbsp;&nbsp;&nbsp; (587)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp; AUD | &nbsp;&nbsp;&nbsp;&nbsp; (89589)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1351)<br>|
| Canada 10 Year Bond | &nbsp;&nbsp;&nbsp;&nbsp; (458)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; CAD | &nbsp;&nbsp;&nbsp;&nbsp; (40716)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 128 |
| DJ US Real Estate Index | &nbsp;&nbsp;&nbsp;&nbsp; (1132)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (41408)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (852)<br>|
| EURO STOXX 50 Index | &nbsp;&nbsp;&nbsp;&nbsp; (468)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp;&nbsp; (32991)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (876)<br>|
| Russell 2000 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; (69)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (9062)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (311)<br>|
| U.S. Treasury 10 Year Note | &nbsp;&nbsp;&nbsp;&nbsp; (492)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (54981)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 366 |
| U.S. Treasury 10 Year Ultra Note | &nbsp;&nbsp;&nbsp;&nbsp; (247)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (28166)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 188 |
| U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;&nbsp; (176)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (20603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 245 |
| XAB Materials Equity Index | &nbsp;&nbsp;&nbsp;&nbsp; (144)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (15106)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 76 |
| XAE Energy Index | &nbsp;&nbsp;&nbsp;&nbsp; (139)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (14920)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1189)<br>|
| XAI E-Mini Industrial Select Sector | &nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (4018)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (247)<br>|
| XAP Consumer Staples Index | &nbsp;&nbsp;&nbsp;&nbsp; (399)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (33747)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1744)<br>|
| XAU Utilities Index | &nbsp;&nbsp;&nbsp;&nbsp; (257)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; (22508)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (211)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (5966)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18 |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| EAFE | Europe, Australasia and Far East |
| EUR | Euro |
| FTSE | Financial Times and the London Stock Exchange |
| GBP | British Pound |
| JPY | Japanese Yen |
| KRW | Korean Republic Won |
| MSCI | Morgan Stanley Capital International |
| SPI | Australian Securities Exchange |
| TOPIX | Tokyo Stock Price Index |
| TSX | Toronto Stock Exchange |
| USD | United States Dollar |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

**Forward foreign currency exchange contracts outstanding as of January 31, 2026 (amounts in thousands):**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CURRENCY** <br>**PURCHASED** | **CURRENCY** <br>**PURCHASED** | &nbsp;&nbsp;&nbsp; **CURRENCY** <br>**SOLD** | &nbsp;&nbsp;&nbsp; **CURRENCY** <br>**SOLD** | **COUNTERPARTY** | &nbsp;&nbsp;&nbsp; **SETTLEMENT** <br>**DATE**<br>| &nbsp;&nbsp; **UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 8278 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5540 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 223 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 4874 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3273 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 120 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 878 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 610 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 589 | SEK | &nbsp;&nbsp;&nbsp;&nbsp; 3848 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 589 | SEK | &nbsp;&nbsp;&nbsp;&nbsp; 3847 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 587 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 423 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp; 575 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 418 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| CHF | &nbsp;&nbsp;&nbsp;&nbsp; 675 | SEK | &nbsp;&nbsp;&nbsp;&nbsp; 7784 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| CHF | &nbsp;&nbsp;&nbsp;&nbsp; 659 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 852 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| CHF | &nbsp;&nbsp;&nbsp;&nbsp; 1173 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1468 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 52 |
| CZK | &nbsp;&nbsp;&nbsp;&nbsp; 37993 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1829 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 22 |
| DKK | &nbsp;&nbsp;&nbsp;&nbsp; 14500 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2265 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 39 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1668 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1954 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 26 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4873 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5708 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 73 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 239 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 281 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 11913 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 13902 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 233 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 628 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 858 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 630 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 847 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 630 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 857 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 26 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 35 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| ILS | &nbsp;&nbsp;&nbsp;&nbsp; 6470 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2059 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 29 |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp; 8701490 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 54953 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1367 |
| JPY | &nbsp;&nbsp;&nbsp;&nbsp; 47023 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 298 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp; 129412 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 7238 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 153 |
| NOK | &nbsp;&nbsp;&nbsp;&nbsp; 11661 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1155 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 55 |
| NZD | &nbsp;&nbsp;&nbsp;&nbsp; 12590 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 7247 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 339 |
| NZD | &nbsp;&nbsp;&nbsp;&nbsp; 13931 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 8012 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 382 |
| PLN | &nbsp;&nbsp;&nbsp;&nbsp; 12655 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3501 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 60 |
| RON | &nbsp;&nbsp;&nbsp;&nbsp; 5877 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1343 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 23 |
| SEK | &nbsp;&nbsp;&nbsp;&nbsp; 7655 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 1168 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| SEK | &nbsp;&nbsp;&nbsp;&nbsp; 7693 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 845 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 20 |
| SEK | &nbsp;&nbsp;&nbsp;&nbsp; 68525 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 7454 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 247 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 432 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 584 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 437 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 592 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 116 | CHF | &nbsp;&nbsp;&nbsp;&nbsp; 89 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 753 | CHF | &nbsp;&nbsp;&nbsp;&nbsp; 577 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 4954 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4162 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 401 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 267 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 13 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 239 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 161 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 397 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 264 | Standard Chartered Bank | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 12 |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp; 8480 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1522 | BNP Paribas<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 70 |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp; 4227 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 758 | Goldman Sachs International<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 37 |
| CLP | &nbsp;&nbsp;&nbsp;&nbsp; 120129 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 132 | Barclays Bank plc<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| CLP | &nbsp;&nbsp;&nbsp;&nbsp; 1552169 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1704 | BNP Paribas<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 71 |
| CLP | &nbsp;&nbsp;&nbsp;&nbsp; 117489 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 134 | HSBC Bank, NA<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| CNY | &nbsp;&nbsp;&nbsp;&nbsp; 31906 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4549 | Morgan Stanley<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 38 |
| CZK | &nbsp;&nbsp;&nbsp;&nbsp; 50119 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2421 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 21 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 455 | CZK | &nbsp;&nbsp;&nbsp;&nbsp; 11046 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 453 | CZK | &nbsp;&nbsp;&nbsp;&nbsp; 10994 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 228 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 268 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 269 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 316 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 674 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 797 | Standard Chartered Bank | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 199 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 268 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| HUF | &nbsp;&nbsp;&nbsp;&nbsp; 173894 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 527 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 11 |
| HUF | &nbsp;&nbsp;&nbsp;&nbsp; 15409 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 47 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| KRW | &nbsp;&nbsp;&nbsp;&nbsp; 988599 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 675 | Barclays Bank plc<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8 |
| KRW | &nbsp;&nbsp;&nbsp;&nbsp; 591407 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 405 | BNP Paribas<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| KRW | &nbsp;&nbsp;&nbsp;&nbsp; 197675 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 135 | Goldman Sachs International<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CURRENCY**<br> **PURCHASED** | **CURRENCY**<br> **PURCHASED** | &nbsp;&nbsp;&nbsp; **CURRENCY**<br> **SOLD** | &nbsp;&nbsp;&nbsp; **CURRENCY**<br> **SOLD** | **COUNTERPARTY** | &nbsp;&nbsp;&nbsp; **SETTLEMENT**<br> **DATE**<br>| &nbsp;&nbsp; **UNREALIZED**<br> **APPRECIATION**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| KRW | &nbsp;&nbsp;&nbsp;&nbsp; 684657 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 466 | Standard Chartered Bank<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| MYR | &nbsp;&nbsp;&nbsp;&nbsp; 7378 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1803 | BNP Paribas<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 71 |
| PHP | &nbsp;&nbsp;&nbsp;&nbsp; 10937 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 185 | Barclays Bank plc<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| PHP | &nbsp;&nbsp;&nbsp;&nbsp; 15533 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 263 | BNP Paribas<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| PHP | &nbsp;&nbsp;&nbsp;&nbsp; 8044 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 136 | Standard Chartered Bank<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| PLN | &nbsp;&nbsp;&nbsp;&nbsp; 6374 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1768 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 26 |
| RON | &nbsp;&nbsp;&nbsp;&nbsp; 958 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 186 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| RON | &nbsp;&nbsp;&nbsp;&nbsp; 1904 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 368 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| RON | &nbsp;&nbsp;&nbsp;&nbsp; 951 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 184 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| RON | &nbsp;&nbsp;&nbsp;&nbsp; 955 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 185 | Merrill Lynch International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| SGD | &nbsp;&nbsp;&nbsp;&nbsp; 617 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 483 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |
| SGD | &nbsp;&nbsp;&nbsp;&nbsp; 204 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 160 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| THB | &nbsp;&nbsp;&nbsp;&nbsp; 8345 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 264 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| THB | &nbsp;&nbsp;&nbsp;&nbsp; 9750 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 311 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| THB | &nbsp;&nbsp;&nbsp;&nbsp; 89184 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2835 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 137 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 196 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 137 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 196 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 137 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 196 | Standard Chartered Bank | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 136 | BRL | &nbsp;&nbsp;&nbsp;&nbsp; 713 | Barclays Bank plc<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 273 | CLP | &nbsp;&nbsp;&nbsp;&nbsp; 234089 | HSBC Bank, NA<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 475 | COP | &nbsp;&nbsp;&nbsp;&nbsp; 1757434 | Goldman Sachs International<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 273 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 199 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 210 | INR | &nbsp;&nbsp;&nbsp;&nbsp; 19191 | Standard Chartered Bank<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 268 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 387149 | Merrill Lynch International<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 274 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 395865 | Standard Chartered Bank<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 141 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 201562 | State Street Corp.<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 312 | PEN | &nbsp;&nbsp;&nbsp;&nbsp; 1047 | Goldman Sachs International<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 136 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 2183 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 210 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 3348 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 380 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 6092 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 2192 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 134 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 5981 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 363 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 12140 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 748 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp; 7201 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 396 | Citibank, NA | 3/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14 |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp; 8972 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 494 | Morgan Stanley | 3/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 17 |
| MXN | &nbsp;&nbsp;&nbsp;&nbsp; 3813 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 210 | Standard Chartered Bank | 3/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7 |
| Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | Total unrealized appreciation | &nbsp;&nbsp;&nbsp;&nbsp; 4070 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 621 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 434 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| AUD | &nbsp;&nbsp;&nbsp;&nbsp; 641 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 448 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| CHF | &nbsp;&nbsp;&nbsp;&nbsp; 673 | NZD | &nbsp;&nbsp;&nbsp;&nbsp; 1469 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (13)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 725 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1266 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (22)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2066 | CHF | &nbsp;&nbsp;&nbsp;&nbsp; 1915 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (31)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 286 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 52535 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 727 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 868 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 5802 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 6929 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (45)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 5634 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 6723 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>|
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 630 | CHF | &nbsp;&nbsp;&nbsp;&nbsp; 672 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (9)<br>|
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 631 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 870 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 36 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 49 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| GBP | &nbsp;&nbsp;&nbsp;&nbsp; 68 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 94 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| JPY | &nbsp;&nbsp;&nbsp;&nbsp; 12176 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 79 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| JPY | &nbsp;&nbsp;&nbsp;&nbsp; 131785 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 865 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>|
| SGD | &nbsp;&nbsp;&nbsp;&nbsp; 1550 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1036 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (9)<br>|
| THB | &nbsp;&nbsp;&nbsp;&nbsp; 136772 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4359 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 841 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1260 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (36)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 113 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 170 | Merrill Lynch International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 6471 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 8965 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (118)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 3042 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2600 | BNP Paribas | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (43)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 4835 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4124 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (58)<br>|

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CURRENCY**<br> **PURCHASED** | **CURRENCY**<br> **PURCHASED** | &nbsp;&nbsp;&nbsp; **CURRENCY**<br> **SOLD** | &nbsp;&nbsp;&nbsp; **CURRENCY**<br> **SOLD** | **COUNTERPARTY** | &nbsp;&nbsp;&nbsp; **SETTLEMENT**<br> **DATE**<br>| &nbsp;&nbsp; **UNREALIZED**<br> **APPRECIATION**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 848 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 629 | Citibank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (13)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 14652 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 10891 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (251)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 6642 | HUF | &nbsp;&nbsp;&nbsp;&nbsp; 2200419 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (186)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 265 | HUF | &nbsp;&nbsp;&nbsp;&nbsp; 87996 | HSBC Bank, NA | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (8)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 293 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 46144 | Barclays Bank plc | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 300 | MXN | &nbsp;&nbsp;&nbsp;&nbsp; 5307 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 10095 | MXN | &nbsp;&nbsp;&nbsp;&nbsp; 180358 | Morgan Stanley | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (207)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 2610 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 3351 | Goldman Sachs International | 2/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (28)<br>|
| BRL | &nbsp;&nbsp;&nbsp;&nbsp; 713 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 135 | Barclays Bank plc\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| CZK | &nbsp;&nbsp;&nbsp;&nbsp; 5464 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 225 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| EUR | &nbsp;&nbsp;&nbsp;&nbsp; 178 | HUF | &nbsp;&nbsp;&nbsp;&nbsp; 69122 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| INR | &nbsp;&nbsp;&nbsp;&nbsp; 23792 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 263 | BNP Paribas\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| INR | &nbsp;&nbsp;&nbsp;&nbsp; 35462 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 391 | HSBC Bank, NA<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (6)<br>|
| PHP | &nbsp;&nbsp;&nbsp;&nbsp; 16049 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 273 | Goldman Sachs International\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| THB | &nbsp;&nbsp;&nbsp;&nbsp; 10212 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 329 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 136 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 196 | Standard Chartered Bank | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 127 | BRL | &nbsp;&nbsp;&nbsp;&nbsp; 701 | Barclays Bank plc\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 305 | BRL | &nbsp;&nbsp;&nbsp;&nbsp; 1682 | BNP Paribas\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (11)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 136 | CLP | &nbsp;&nbsp;&nbsp;&nbsp; 121072 | BNP Paribas\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 133 | CLP | &nbsp;&nbsp;&nbsp;&nbsp; 120471 | Goldman Sachs International\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 155 | COP | &nbsp;&nbsp;&nbsp;&nbsp; 606158 | Barclays Bank plc\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 455 | COP | &nbsp;&nbsp;&nbsp;&nbsp; 1757712 | BNP Paribas<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (17)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 584 | COP | &nbsp;&nbsp;&nbsp;&nbsp; 2244904 | HSBC Bank, NA<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (18)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 1526 | COP | &nbsp;&nbsp;&nbsp;&nbsp; 5858848 | Standard Chartered Bank\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (43)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 391 | CZK | &nbsp;&nbsp;&nbsp;&nbsp; 8077 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 1228 | CZK | &nbsp;&nbsp;&nbsp;&nbsp; 25450 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 267 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 229 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 1851 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1570 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 75 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 56 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 260 | HUF | &nbsp;&nbsp;&nbsp;&nbsp; 86484 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (8)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 273 | INR | &nbsp;&nbsp;&nbsp;&nbsp; 25138 | Standard Chartered Bank\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 267 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 386922 | Barclays Bank plc\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 130 | MXN | &nbsp;&nbsp;&nbsp;&nbsp; 2398 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 4924 | MXN | &nbsp;&nbsp;&nbsp;&nbsp; 89463 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (172)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 40 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; 163 | BNP Paribas\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 788 | PHP | &nbsp;&nbsp;&nbsp;&nbsp; 46712 | BNP Paribas\*\* | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 415 | PHP | &nbsp;&nbsp;&nbsp;&nbsp; 24705 | Standard Chartered Bank<sup>\*\*</sup> <br>| 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 200 | RON | &nbsp;&nbsp;&nbsp;&nbsp; 873 | Barclays Bank plc | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 160 | RON | &nbsp;&nbsp;&nbsp;&nbsp; 701 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 833 | RON | &nbsp;&nbsp;&nbsp;&nbsp; 3642 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (13)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 689 | RON | &nbsp;&nbsp;&nbsp;&nbsp; 3012 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (10)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 265 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 342 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 108 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 139 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 265 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 341 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 300 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 4990 | Goldman Sachs International | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 266 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 4386 | HSBC Bank, NA | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| USD | &nbsp;&nbsp;&nbsp;&nbsp; 1701 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 28919 | Morgan Stanley | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (82)<br>|
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 2582 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 161 | BNP Paribas | 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| IDR | &nbsp;&nbsp;&nbsp;&nbsp; 9084684 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 544 | BNP Paribas\*\* | 3/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (3)<br>|
| IDR | &nbsp;&nbsp;&nbsp;&nbsp; 4376404 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 262 | Standard Chartered Bank\*\* | 3/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>|
| IDR | &nbsp;&nbsp;&nbsp;&nbsp; 2786672 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 166 | State Street Corp.\*\* | 3/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| COP | &nbsp;&nbsp;&nbsp;&nbsp; 788683 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 212 | BNP Paribas\*\* | 4/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp; (2)<br>|
| Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | Total unrealized depreciation | &nbsp;&nbsp;&nbsp;&nbsp; (1663)<br>|
| Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | Net unrealized appreciation | &nbsp;&nbsp;&nbsp;&nbsp; 2407 |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| AUD | Australian Dollar |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

---

| | |
|:---|:---|
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CLP | Chile Peso |
| CNY | China Yuan |
| COP | Columbian Peso |
| CZK | Czech Republic Koruna |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| ILS | Israeli Shekel |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | Korean Republic Won |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PEN | Peruvian Nuevo Sol |
| PHP | Philippines Peso |
| PLN | Polish Zloty |
| RON | Romanian Leu |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| USD | United States Dollar |
| ZAR | South African Rand |

---

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

(a) Amount rounds to less than one thousand.

\*\* Non-deliverable forward.

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

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

**A. Valuation of Investments**— Investments are valued in accordance with U.S. generally accepted accounting principles ("GAAP") and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the "Board"), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

Under Section 2(a)(41) of the Investment Company Act of 1940 (the "1940 Act"), the Board is required to determine fair value for securities that do not have readily available market quotations. Pursuant to Rule 2a-5 under the 1940 Act (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

A market-based approach is primarily used to value the Fund's investments. Investments for which market quotations are not readily available are fair valued using prices supplied by approved affiliated and/or unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"), or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.

Fixed income instruments are valued based on prices received from Pricing Services. The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values ("NAV") of the Fund are calculated on a valuation date. Certain foreign equity instruments are valued by applying international fair value factors provided by approved Pricing Services. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAV is calculated.

Investments in open-end investment companies, excluding exchange-traded funds ("ETFs") ("Underlying Funds"), are valued at each Underlying Fund's NAV per share as of the report date.

Futures contracts are generally valued on the basis of available market quotations. Forward foreign currency exchange contracts are valued utilizing market quotations from approved Pricing Services.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.

• Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

• Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

• Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8462 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8462 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3210 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3210 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 431 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 431 |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20860 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20860 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 725 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 725 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2311 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2311 |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp;&nbsp; 14608 | &nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14699 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp; 2913 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2913 |
| &nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 235 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp;&nbsp; 4827 | &nbsp;&nbsp;&nbsp;&nbsp; 69285 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74112 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8919 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8919 |
| &nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2927 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2927 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39004 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39004 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34841 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34841 |
| &nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp;&nbsp;&nbsp; 1426 | &nbsp;&nbsp;&nbsp;&nbsp; 1609 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3035 |
| &nbsp;&nbsp;&nbsp; Guatemala | &nbsp;&nbsp;&nbsp;&nbsp; 902 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 902 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 10821 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10932 |
| &nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2541 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2541 |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp; 15976 | &nbsp;&nbsp;&nbsp;&nbsp; 17219 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33195 |
| &nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3406 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3406 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; 2166 | &nbsp;&nbsp;&nbsp;&nbsp; 854 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3020 |
| &nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp;&nbsp;&nbsp; 713 | &nbsp;&nbsp;&nbsp;&nbsp; 1859 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2572 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8386 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8386 |
| &nbsp;&nbsp;&nbsp; Ivory Coast | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 132 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 132 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp;&nbsp; 421 | &nbsp;&nbsp;&nbsp;&nbsp; 77421 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 77842 |
| &nbsp;&nbsp;&nbsp; Kazakhstan | &nbsp;&nbsp;&nbsp;&nbsp; 520 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 520 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 465 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 465 |
| &nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 815 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 815 |
| &nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1134 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1134 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; 5416 | &nbsp;&nbsp;&nbsp;&nbsp; 130 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5546 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; 2220 | &nbsp;&nbsp;&nbsp;&nbsp; 21897 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24117 |
| &nbsp;&nbsp;&nbsp; New Zealand | &nbsp;&nbsp;&nbsp;&nbsp; 101 | &nbsp;&nbsp;&nbsp;&nbsp; 480 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 581 |
| &nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp; 1338 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1463 |
| &nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp;&nbsp;&nbsp; 1373 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1373 |
| &nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 991 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 991 |
| &nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —(a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; —(a)<br>|
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3071 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3071 |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp;&nbsp; 1482 | &nbsp;&nbsp;&nbsp;&nbsp; 9224 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10706 |
| &nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp;&nbsp;&nbsp; 2146 | &nbsp;&nbsp;&nbsp;&nbsp; 7944 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10090 |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp;&nbsp; 2551 | &nbsp;&nbsp;&nbsp;&nbsp; 37975 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 40526 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; $232 | &nbsp;&nbsp;&nbsp;&nbsp; $9435 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $9667 |
| &nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17003 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17003 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15011 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15011 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp;&nbsp; 8109 | &nbsp;&nbsp;&nbsp;&nbsp; 53047 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 61156 |
| &nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 827 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 827 |
| &nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp;&nbsp;&nbsp; 530 | &nbsp;&nbsp;&nbsp;&nbsp; 2290 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2820 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; 2783 | &nbsp;&nbsp;&nbsp;&nbsp; 30561 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33344 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; 771585 | &nbsp;&nbsp;&nbsp;&nbsp; 22572 | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 794169 |
| &nbsp;&nbsp;&nbsp; Total Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 843236 | &nbsp;&nbsp;&nbsp;&nbsp; 539703 | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 1382951 |
| Corporate Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 521 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 521 |
| &nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 291 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 291 |
| &nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1241 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1241 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22445 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22445 |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2448 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2448 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10770 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10770 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15101 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15101 |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 199 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 199 |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6940 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6940 |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16570 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16570 |
| &nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 543 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 543 |
| &nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4867 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4867 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2339 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2339 |
| &nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4364 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4364 |
| &nbsp;&nbsp;&nbsp; Puerto Rico | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 594 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 594 |
| &nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 809 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 809 |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10501 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10501 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13530 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13530 |
| &nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 529 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 529 |
| &nbsp;&nbsp;&nbsp; Trinidad And Tobago | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 210 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 210 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13705 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13705 |
| &nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 341193 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 341197 |
| &nbsp;&nbsp;&nbsp; Total Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 469710 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 469714 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 97400 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 97400 |
| Foreign Government Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 363797 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 363797 |
| Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 160125 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 160125 |
| Loan Assignments | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 269 | &nbsp;&nbsp;&nbsp;&nbsp; 269 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1105 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1105 |
| Supranational | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2077 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2077 |
| U.S. Treasury Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 81029 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 81029 |
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 184 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 184 |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 288146 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 288146 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 25979 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25979 |
| &nbsp;&nbsp;&nbsp; Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 314125 | &nbsp;&nbsp;&nbsp;&nbsp; 184 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 314309 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $1414886 | &nbsp;&nbsp;&nbsp;&nbsp; $1469708 | &nbsp;&nbsp;&nbsp;&nbsp; $285 | &nbsp;&nbsp;&nbsp;&nbsp; $2884879 |

---

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1**<br> Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2**<br> Other significant<br> observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3**<br> Significant<br> unobservable inputs<br>| **Total** |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $4070 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $4070 |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 12789 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12789 |
| **Depreciation in Other Financial Instruments** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(1663)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(1663)<br>|
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (12597)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (174)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12771)<br>|
| **Total Net Appreciation/ Depreciation in Other** <br>**Financial Instruments**<br>| &nbsp;&nbsp;&nbsp;&nbsp; $192 | &nbsp;&nbsp;&nbsp;&nbsp; $2233 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2425 |

---

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

 <br> (a) Value is zero.

There were no significant transfers into or out of level 3 for the period ended January 31, 2026.

**B. Investment Transactions with Affiliates**— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds' distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** | **For the period ended January 31, 2026** |
| **Security Description** | **Value at** <br>**October 31,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**January 31,** <br>**2026**<br>| **Shares at** <br>**January 31,** <br>**2026**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| JPMorgan Income ETF (a) | $97243 | $— | $— | $— | $157 | $97400 | 2095 | $1365 | $— |
| JPMorgan Income Fund Class R6 Shares (a) | 114375 | 1715 |  |  | 132 | 116222 | 13514 | 1715 |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund <br> Class Institutional Shares, 3.69% (a) (b)<br>| 245117 | 431818 | 388784 | 20 | (25)<br>| 288146 | 288031 | 2327 |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund <br> Agency SL Class Shares, 3.68% (a) (b)<br>| 17427 | 87059 | 78507 |  |  | 25979 | 25979 | 318 |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Small Cap Equity Fund Class R6 Shares <br> (a)<br>|  | 42776 |  |  | 1127 | 43903 | 932 |  |  |
| **Total** | $474162 | $563368 | $467291 | $20 | $1391 | $571650 |  | $5725 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of January 31, 2026.

**C. Derivatives**— The Fund used derivative instruments including options, forward foreign currency exchange contracts and swaps, in connection with its investment strategy. Derivative instruments may be used as substitutes for securities in which the Fund can invest, to hedge portfolio investments or to generate income or gain to the Fund. Derivatives may also be used to manage duration, sector and yield curve exposures and credit and spread volatility.

The Fund may be subject to various risks from the use of derivatives, including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties' failure to perform under contract terms; liquidity risk related to the potential lack of a liquid market for these contracts allowing a Fund to close out its position(s); and documentation risk relating to disagreement over contract terms. Investing in certain derivatives also results in a form of leverage and as such, the Fund's risk of loss associated with these instruments may exceed their value.

The Fund is party to various derivative contracts governed by International Swaps and Derivatives Association master agreements ("ISDA agreements"). The Fund's ISDA agreements, which are separately negotiated with each dealer counterparty, may contain provisions allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Fund in the event the Fund's net assets decline over time by a pre-determined percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Fund to exercise rights, to the extent not otherwise waived, against a counterparty (e.g.,

------

**JPMorgan Global Allocation Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF January 31, 2026 (Unaudited) (continued)

(Dollar values in thousands)

decline in a counterparty's credit rating below a specified level). Such rights for both a counterparty and the Fund often include the ability to terminate (i.e., close out) open contracts at prices which may favor a counterparty, which could have an adverse effect on the Fund. The ISDA agreements give the Fund and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due across all transactions and offset such net payable or receivable against collateral posted to a segregated account by one party for the benefit of the other.

Counterparty credit risk may be mitigated to the extent a counterparty posts additional collateral for mark to market gains to the Fund.

Notes (1) — (2) below describe the various derivatives used by the Fund.

**(1). Futures Contracts**— The Fund used currency, index, interest rate, treasury or other financial futures contracts to manage and hedge interest rate risk associated with portfolio investments and to gain or reduce exposure to positive and negative price fluctuation or a particular countries or regions. The Fund also used futures contracts to lengthen or shorten the duration of the overall investment portfolio. The Fund used commodity futures contracts to obtain long and short exposure to the underlying commodities markets. The purchase of futures contracts will tend to increase the Fund's exposure to positive and negative price fluctuations in the underlying instrument. The sales of futures contracts will tend to offset both positive and negative market price changes.

Futures contracts provide for the delayed delivery of the underlying instrument at a fixed price or are settled for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Fund is required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Fund periodically and are based on changes in the market value of open futures contracts. Changes in the market value of open futures contracts are recorded as change in net unrealized appreciation/depreciation on futures contracts. Securities deposited as initial margin are designated on the Schedule of Investments, while cash deposited is considered restricted.

The Fund may be exposed to the risk that the change in the value of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subject the Fund to risk of loss up to the notional amount of the futures contracts. Use of short futures contracts subjects the Fund to unlimited risk of loss. The Fund may enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction; therefore, the Fund's credit risk is limited to failure of the exchange or board of trade. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day's settlement price, which could effectively prevent liquidation of positions.

The Fund's futures contracts are not subject to master netting arrangements (the right to close out all transactions traded with a counterparty and net amounts owed or due across transactions).

**(2). Forward Foreign Currency Exchange Contracts**— The Fund is exposed to foreign currency risks associated with some or all of the portfolio investments and used forward foreign currency exchange contracts to hedge or manage certain of these exposures as part of an investment strategy. The Fund also bought forward foreign currency exchange contracts to gain exposure to currencies. Forward foreign currency exchange contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. dollars without the delivery of the foreign currency.

The values of the forward foreign currency exchange contracts are adjusted daily based on the applicable exchange rate of the underlying currency. Changes in the value of these contracts are recorded as unrealized appreciation or depreciation until the contract settlement date. When the forward foreign currency exchange contract is closed, the Fund records a realized gain or loss equal to the difference between the value at the time the contract was opened and the value at the time it was closed. The Fund also records a realized gain or loss, upon settlement, when a forward foreign currency exchange contract offsets another forward foreign currency exchange contract with the same counterparty.

The Fund's forward foreign currency exchange contracts are subject to master netting arrangements (the right to close out all transactions with a counterparty and net amounts owed or due across transactions).

The Fund may be required to post or receive collateral for non-deliverable forward foreign currency exchange contracts.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JPMorgan Trust I

- **b. Investment Company Act file number:** 811-21295

- **c. CIK number of Registrant:** 0001217286

- **d. LEI of Registrant:** 549300DM5WZMCZZ70R78

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

  - **Street Address 1:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 800-480-4111

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

- **a. Name of Series:** JPMorgan Global Allocation Fund

- **b. EDGAR series identifier (if any):** S000031462

- **c. LEI of Series:** 05BPHY57BRZ28M05ST85

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $2916746884.58

**Total Liabilities:** $34677179.16

**Net Assets:** $2882069705.42

**Cash Not Reported:** $3228604.51

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 254.39616000 | **1-Year:** 8910.46863000 | **5-Year:** 37098.61107000 | **10-Year:** 82426.10800000 | **30-Year:** 48718.84252000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 897.70084000 | **1-Year:** 25732.82552000 | **5-Year:** 69160.88821000 | **10-Year:** 6841.22288000 | **30-Year:** 5731.00184000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195049 | -0.00%               | 0.75%                | 2.37%                |
| Class ID C000205204 | -0.00%               | 0.74%                | 2.35%                |
| Class ID C000205205 | -0.04%               | 0.76%                | 2.30%                |
| Class ID C000097804 | -0.00%               | 0.78%                | 2.32%                |
| Class ID C000097805 | -0.05%               | 0.71%                | 2.29%                |
| Class ID C000097803 | -0.05%               | 0.70%                | 2.27%                |
| Class ID C000205203 | -0.00%               | 0.79%                | 2.32%                |
| Class ID C000097802 | -0.00%               | 0.73%                | 2.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12815882.84             | $-13938142.82                              |
| Month 2  | $32136239.54             | $-15230504.10                              |
| Month 3  | $11846250.66             | $42608566.05                               |

**Designated Index Information**

- **Index Name:** 60% ACWIRNRUSD0, 40% 34556TRUSD0

- **Index Identifier:** IBXUSD007265

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                                     | CBRE Group, Inc., Class A                                                | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |       10417 | NS      | $1774327.61   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WHARF Commercial Mortgage Trust                      | WHARF Commercial Mortgage Trust, Series 2025-DC, Class A                 | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      177000 | PA      | $182420.63    | 0.01%             | 2040-07-15      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| MonotaRO Co. Ltd.                                    | MonotaRO Co. Ltd.                                                        | CUSIP: N/A<br>LEI: 5299005JUER5ANXWTC33       | Long             | EC               | CORP              | JP        |        3000 | NS      | $40466.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Mexican Pesos                                    | New Mexican Pesos                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |           1 | OU      | $0.07         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts, Inc.                          | Host Hotels & Resorts, Inc.                                              | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |       14882 | NS      | $275763.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8250.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                          | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     1252000 | PA      | $1234541.89   | 0.04%             | 2036-10-21      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| SKF AB                                               | SKF AB, Class B                                                          | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |        4079 | NS      | $106652.37    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | Intercontinental Exchange, Inc.                                          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |        4325 | NS      | $751598.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Aerospace Industries Ltd.                      | Korea Aerospace Industries Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       15172 | NS      | $1768285.88   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                               | Sonic Automotive, Inc.                                                   | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |      939000 | PA      | $922785.54    | 0.03%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Accendra Health, Inc.                                | Accendra Health, Inc.                                                    | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |      697000 | PA      | $392049.61    | 0.01%             | 2030-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: —       |
| Buckeye Partners LP                                  | Buckeye Partners LP                                                      | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     1255000 | PA      | $1304740.67   | 0.05%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                            | CTS Eventim AG & Co. KGaA                                                | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |         746 | NS      | $62694.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| N/A                                                  | S&P/TSX 60 Index                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |          99 | NC      | $-124209.97   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                            | Partners Group Holding AG                                                | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |         273 | NS      | $372247.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $15036.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                | Clydesdale Acquisition Holdings, Inc.                                    | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     1493000 | PA      | $1494069.39   | 0.05%             | 2030-04-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1685.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Acceptance Corp.                              | Credit Acceptance Corp.                                                  | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1316000 | PA      | $1317291.48   | 0.05%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                         | Oracle Corp.                                                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       13462 | NS      | $2215575.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Partners LP                                      | CVR Partners LP                                                          | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      852000 | PA      | $851957.49    | 0.03%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |     7000000 | PA      | $485058.89    | 0.02%             | 2033-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| China Yangtze Power Co. Ltd.                         | China Yangtze Power Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |      201000 | NS      | $761198.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                            | Orange SA                                                                | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |       22374 | NS      | $415933.57    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corp. plc                                      | Eaton Corp. plc                                                          | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |        4889 | NS      | $1718092.38   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1471.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tidewater, Inc.                                      | Tidewater, Inc.                                                          | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |     1061000 | PA      | $1147663.54   | 0.04%             | 2030-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| INEOS Quattro Finance 2 plc                          | INEOS Quattro Finance 2 plc                                              | CUSIP: N/A<br>LEI: 213800V48W4Y5MT5Q131       | Long             | DBT              | CORP              | GB        |      225000 | PA      | $217370.22    | 0.01%             | 2029-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                         | Mizuho Financial Group, Inc.                                             | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |       29900 | NS      | $1298196.43   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanrio Co. Ltd.                                      | Sanrio Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |        2100 | NS      | $64970.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadent Finance plc                                   | Cadent Finance plc                                                       | CUSIP: N/A<br>LEI: 5493005M8TJ0J6IMUF67       | Long             | DBT              | CORP              | GB        |     2325000 | PA      | $2507589.42   | 0.09%             | 2030-03-19      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-13409.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                         | Discovery Communications LLC                                             | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     1820000 | PA      | $1681334.20   | 0.06%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LB-UBS Commercial Mortgage Trust                     | LB-UBS Commercial Mortgage Trust, Series 2006-C6, Class AJ               | CUSIP: 50179MAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.00         | 0.00%             | 2039-09-15      | Variable      | 5.45%                 | No            |                  3 | On Loan: No      |
| PRA Group, Inc.                                      | PRA Group, Inc.                                                          | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |      474000 | PA      | $477213.72    | 0.02%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Adient Global Holdings Ltd.                          | Adient Global Holdings Ltd.                                              | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     1021000 | PA      | $1044213.46   | 0.04%             | 2028-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Mitsui & Co. Ltd.                                    | Mitsui & Co. Ltd.                                                        | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |       29700 | NS      | $970151.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Hotels Co. Ltd. (The)                         | Indian Hotels Co. Ltd. (The)                                             | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |      105309 | NS      | $772529.85    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2051.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                          | Abu Dhabi Islamic Bank PJSC                                              | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |      152666 | NS      | $1012503.60   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China International Capital Corp. Ltd.               | China International Capital Corp. Ltd., Class H                          | CUSIP: N/A<br>LEI: 529900OS3SVVTT56QN67       | Long             | EC               | CORP              | CN        |      396000 | NS      | $1073231.52   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1604.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                                          | Euronext NV                                                              | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |         915 | NS      | $128149.23    | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                       | Olympus Water US Holding Corp.                                           | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |      200000 | PA      | $194390.70    | 0.01%             | 2028-10-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Sagax AB                                             | Sagax AB, Class B                                                        | CUSIP: N/A<br>LEI: 549300LJX28T6OM8DT95       | Long             | EC               | CORP              | SE        |        2628 | NS      | $57950.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                          | Bundesschatzanweisungen                                                  | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |    12690000 | PA      | $15024793.10  | 0.52%             | 2027-12-16      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Bausch + Lomb Corp.                                  | Bausch + Lomb Corp.                                                      | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |     1429000 | PA      | $1489732.50   | 0.05%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Norwegian Krone                                      | Norwegian Krone                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |          42 | OU      | $4.37         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                    | Exxon Mobil Corp.                                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       94996 | NS      | $13432434.40  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co.                                | Matador Resources Co.                                                    | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      420000 | PA      | $429135.84    | 0.01%             | 2028-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                    | Clarios Global LP                                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1647000 | PA      | $1685213.69   | 0.06%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Alphabet, Inc.                                       | Alphabet, Inc., Class A                                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       37073 | NS      | $12530674.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC                                                         | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     1560000 | PA      | $1137499.12   | 0.04%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Experian plc                                         | Experian plc                                                             | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |       11018 | NS      | $417303.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                          | Ionis Pharmaceuticals, Inc.                                              | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |        3934 | NS      | $325223.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.          | Taiwan Semiconductor Manufacturing Co. Ltd.                              | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       21984 | NS      | $7267031.04   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream Operations LP                         | Hess Midstream Operations LP                                             | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      623000 | PA      | $634820.18    | 0.02%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Novonesis Novozymes B                                | Novonesis Novozymes B                                                    | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |        4234 | NS      | $259432.27    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Performance Food Group, Inc.                         | Performance Food Group, Inc.                                             | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |      901000 | PA      | $882216.13    | 0.03%             | 2029-08-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                               | Arab Republic of Egypt                                                   | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |      385000 | PA      | $386925.00    | 0.01%             | 2033-09-30      | Fixed         | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Idemitsu Kosan Co. Ltd.                              | Idemitsu Kosan Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 549300P0R46FF6DUA630       | Long             | EC               | CORP              | JP        |        9300 | NS      | $78912.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                        | Walmart, Inc.                                                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |       61837 | NS      | $7367260.18   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                                      | CME Group, Inc.                                                          | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       18061 | NS      | $5220712.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.                      | Interactive Brokers Group, Inc., Class A                                 | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       19798 | NS      | $1482474.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2524.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                                 | Evonik Industries AG                                                     | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |        3065 | NS      | $47476.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Computer, Inc.                                | Quanta Computer, Inc.                                                    | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |      119000 | NS      | $1047577.52   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                                  | Valero Energy Corp.                                                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |        2578 | NS      | $467726.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                         | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     2450000 | PA      | $2415463.77   | 0.08%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $19621.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Trinidad Generation UnLtd                            | Trinidad Generation UnLtd                                                | CUSIP: 89636DAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |      200000 | PA      | $210100.00    | 0.01%             | 2033-06-16      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Ontario Teachers' Finance Trust                      | Ontario Teachers' Finance Trust                                          | CUSIP: N/A<br>LEI: 635400ZZE5J8OXXBBY26       | Long             | DBT              | NUSS              | CA        |     2544000 | PA      | $3454939.47   | 0.12%             | 2026-05-15      | Fixed         | 1.12%                 | Yes           |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                 | Meta Platforms, Inc.                                                     | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     1338000 | PA      | $1341348.48   | 0.05%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Scentre Group                                        | Scentre Group                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       62680 | NS      | $177633.20    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings, Inc.                           | Crowdstrike Holdings, Inc., Class A                                      | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |        3197 | NS      | $1411171.79   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Czech Republic                                       | Czech Republic                                                           | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    60010000 | PA      | $2504477.85   | 0.09%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| uniQure NV                                           | uniQure NV                                                               | CUSIP: N/A<br>LEI: 724500RPCTZLFYJZ3S98       | Long             | EC               | CORP              | NL        |        6032 | NS      | $137047.04    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA                                | Aeroports de Paris SA                                                    | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |         414 | NS      | $54698.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp.                                 | SoftBank Group Corp.                                                     | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |       46000 | NS      | $1256139.82   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-207017.87   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                              | Talen Energy Supply LLC                                                  | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     1365000 | PA      | $1440225.15   | 0.05%             | 2030-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Amphenol Corp.                                       | Amphenol Corp., Class A                                                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       20597 | NS      | $2967615.76   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    13426175 | PA      | $874634.84    | 0.03%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                       | Enbridge, Inc.                                                           | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      450000 | PA      | $449783.10    | 0.02%             | 2077-07-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Evolution AB                                         | Evolution AB                                                             | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |        1597 | NS      | $103742.94    | 0.00%             |  |  |  | Yes           |                  2 | On Loan: —       |
| United Mexican States                                | United Mexican States                                                    | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     1110000 | PA      | $987900.00    | 0.03%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Robinhood Markets, Inc.                              | Robinhood Markets, Inc., Class A                                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       18587 | NS      | $1849034.76   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp.                                          | Loews Corp.                                                              | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |        5990 | NS      | $632364.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avolon Holdings Funding Ltd.                         | Avolon Holdings Funding Ltd.                                             | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |     2350000 | PA      | $2326265.00   | 0.08%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Keppel Ltd.                                          | Keppel Ltd.                                                              | CUSIP: N/A<br>LEI: 254900SQ7IPDOY6IDW33       | Long             | EC               | CORP              | SG        |       17500 | NS      | $150549.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMETEK, Inc.                                         | AMETEK, Inc.                                                             | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |        9348 | NS      | $2093765.04   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  3188000000 | PA      | $819013.55    | 0.03%             | 2029-08-22      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| T&D Holdings, Inc.                                   | T&D Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: 3538008ARJ1MACEWA242       | Long             | EC               | CORP              | JP        |        5600 | NS      | $138314.36    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd.                                           | Chubb Ltd.                                                               | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |        1687 | NS      | $522227.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                  | Hilton Domestic Operating Co., Inc.                                      | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      312000 | PA      | $319217.50    | 0.01%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Warner Music Group Corp.                             | Warner Music Group Corp., Class A                                        | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        9313 | NS      | $279203.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG        | Muenchener Rueckversicherungs-Gesellschaft AG (Registered)               | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |        4679 | NS      | $2835832.41   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Westlake Corp.                                       | Westlake Corp.                                                           | CUSIP: 960413AV4<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |     2350000 | PA      | $2660788.82   | 0.09%             | 2029-07-17      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd.                                   | Grab Holdings Ltd., Class A                                              | CUSIP: N/A<br>LEI: 549300N4VQX83VPJF439       | Long             | EC               | CORP              | KY        |       28499 | NS      | $122545.70    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                        | Asbury Automotive Group, Inc.                                            | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     1205000 | PA      | $1186660.38   | 0.04%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                  | RCKT Mortgage Trust, Series 2025-CES11, Class A1A                        | CUSIP: 749423AA7<br>LEI: 254900BTBXWWIQBK4D47 | Long             | ABS-O            | CORP              | US        |      880061 | PA      | $883125.86    | 0.03%             | 2055-11-25      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Star Leasing Co. LLC                                 | Star Leasing Co. LLC                                                     | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |     1130000 | PA      | $1081404.92   | 0.04%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                             | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | DBT              | CORP              | GB        |      457000 | PA      | $572251.10    | 0.02%             | 2033-01-31      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                       | HarborView Mortgage Loan Trust, Series 2006-14, Class 1A1A               | CUSIP: 41162NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           1 | PA      | $1.12         | 0.00%             | 2047-01-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Japan                                                | Japan Government Bond                                                    | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |   308150000 | PA      | $1878110.14   | 0.07%             | 2035-06-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Loncin Motor Co. Ltd.                                | Loncin Motor Co. Ltd., Class A                                           | CUSIP: N/A<br>LEI: 300300UMZLAO4ZKCQD58       | Long             | EC               | CORP              | CN        |      335800 | NS      | $739578.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-45263.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Huntington Bancshares, Inc.                          | Huntington Bancshares, Inc.                                              | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      109780 | NS      | $1918954.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                                    | Belimo Holding AG (Registered)                                           | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |         118 | NS      | $129065.74    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                              | Siemens Healthineers AG                                                  | CUSIP: N/A<br>LEI: 529900QBVWXMWANH7H45       | Long             | EC               | CORP              | DE        |        4058 | NS      | $202549.06    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Rio Tinto Ltd.                                       | Rio Tinto Ltd.                                                           | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |        4460 | NS      | $464664.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2686.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                         | NVIDIA Corp.                                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      299299 | NS      | $57205017.87  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenor ASA                                          | Telenor ASA                                                              | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |        7399 | NS      | $124462.70    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Bank USA                               | Goldman Sachs Bank USA                                                   | CUSIP: 38151LAE0<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |      320000 | PA      | $320208.45    | 0.01%             | 2027-03-18      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                                | Albertsons Cos., Inc.                                                    | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      866000 | PA      | $831155.71    | 0.03%             | 2029-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| PG&E Corp.                                           | PG&E Corp.                                                               | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |       29839 | NS      | $460117.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                     | Amazon.com, Inc.                                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      148767 | NS      | $35599943.10  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp.                                         | Gentex Corp.                                                             | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |       22296 | NS      | $513030.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co. Ltd.                        | Daiwa House Industry Co. Ltd.                                            | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |        6700 | NS      | $228296.27    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11743.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                         | Unilever plc                                                             | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |       26187 | NS      | $1781486.65   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2868.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Province of Quebec Canada                            | Province of Quebec                                                       | CUSIP: 74814ZFV0<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    21435000 | PA      | $15939177.14  | 0.55%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carlisle Cos., Inc.                                  | Carlisle Cos., Inc.                                                      | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |         839 | NS      | $286006.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arsenal AIC Parent LLC                               | Arsenal AIC Parent LLC                                                   | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      730000 | PA      | $773102.85    | 0.03%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| EQT AB                                               | EQT AB                                                                   | CUSIP: N/A<br>LEI: 213800U7P9GOIRKCTB34       | Long             | EC               | CORP              | SE        |        5934 | NS      | $225229.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Sea Ltd.                                             | Sea Ltd.                                                                 | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       11667 | NS      | $1359088.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp.                                      | Advantest Corp.                                                          | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |        9200 | NS      | $1521556.65   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                 | Infrastrutture Wireless Italiane SpA                                     | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |        3343 | NS      | $29554.37     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jabil, Inc.                                          | Jabil, Inc.                                                              | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |        2261 | NS      | $536286.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleos Mexicanos                                  | Petroleos Mexicanos                                                      | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     2500000 | PA      | $2495475.00   | 0.09%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                           | National Bank of Greece SA                                               | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |       91118 | NS      | $1608637.74   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                       | Atlas Copco AB, Class B                                                  | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |       18755 | NS      | $337358.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ION Platform Finance US, Inc.                        | ION Platform Finance US, Inc.                                            | CUSIP: 46206AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       53000 | PA      | $50516.99     | 0.00%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corp.                              | Credit Acceptance Corp.                                                  | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       78000 | PA      | $81733.94     | 0.00%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Ajinomoto Co., Inc.                                  | Ajinomoto Co., Inc.                                                      | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |       10900 | NS      | $249357.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Trelleborg AB                                        | Trelleborg AB, Class B                                                   | CUSIP: N/A<br>LEI: 213800XY16PAWG2PAD14       | Long             | EC               | CORP              | SE        |        2437 | NS      | $98616.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Indutrade AB                                         | Indutrade AB                                                             | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |        3267 | NS      | $76694.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                       | CUSIP: 05971KAS8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |      400000 | PA      | $399328.42    | 0.01%             | 2035-11-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| South African Rand                                   | South African Rand                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |     2581807 | OU      | $159827.11    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingdom of Spain                                     | Bonos and Obligaciones del Estado                                        | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |     6670000 | PA      | $7791643.38   | 0.27%             | 2054-10-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $38245.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2460.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | XAB Materials Equity Index                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -144 | NC      | $76409.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta plc                                      | Antofagasta plc                                                          | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |        4738 | NS      | $234775.08    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.                      | Hilton Worldwide Holdings, Inc.                                          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |        2844 | NS      | $848962.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                     | NRG Energy, Inc.                                                         | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     1203000 | PA      | $1198463.31   | 0.04%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises LP                                 | Icahn Enterprises LP                                                     | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      770000 | PA      | $777227.22    | 0.03%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Ryanair Holdings plc                                 | Ryanair Holdings plc                                                     | CUSIP: N/A<br>LEI: 635400BR2ROC1FVEBQ56       | Long             | EC               | CORP              | IE        |       10138 | NS      | $344077.13    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                         | ING Groep NV                                                             | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |       36306 | NS      | $1070697.53   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                           | Symrise AG                                                               | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |        1596 | NS      | $134362.62    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                  | Herc Holdings, Inc.                                                      | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     1086000 | PA      | $1123892.71   | 0.04%             | 2029-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Malaysian Ringgit                                    | Malaysian Ringgit                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MY        |      139435 | OU      | $35371.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan                                                | Japan Government Bond                                                    | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |   574850000 | PA      | $2081138.27   | 0.07%             | 2052-03-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NN Group NV                                          | NN Group NV                                                              | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |        3226 | NS      | $255716.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Traton Finance Luxembourg SA                         | Traton Finance Luxembourg SA                                             | CUSIP: N/A<br>LEI: 529900BRKIE6LKIEXD84       | Long             | DBT              | CORP              | LU        |      400000 | PA      | $482766.36    | 0.02%             | 2031-01-14      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Wharf Holdings Ltd. (The)                            | Wharf Holdings Ltd. (The)                                                | CUSIP: N/A<br>LEI: 254900JCV4TBBPX9IW91       | Long             | EC               | CORP              | HK        |       13000 | NS      | $42001.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                               | RWE AG                                                                   | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |        7597 | NS      | $482439.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                           | Zalando SE                                                               | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |        2684 | NS      | $77179.47     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Suncorp Group Ltd.                                   | Suncorp Group Ltd.                                                       | CUSIP: N/A<br>LEI: 549300BVOKRTHDIWVT46       | Long             | EC               | CORP              | AU        |       12985 | NS      | $152858.57    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings, Inc.                                 | ENEOS Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |       32500 | NS      | $274687.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities, Inc.              | Mid-America Apartment Communities, Inc.                                  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |        4762 | NS      | $639536.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                          | Toronto-Dominion Bank (The)                                              | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | Long             | DBT              | CORP              | CA        |     1300000 | PA      | $1572532.49   | 0.05%             | 2029-02-16      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| Subaru Corp.                                         | Subaru Corp.                                                             | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |        7000 | NS      | $150277.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Futu Holdings Ltd.                                   | Futu Holdings Ltd.                                                       | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |         683 | NS      | $111035.31    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings, Inc.                   | BJ's Wholesale Club Holdings, Inc.                                       | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |       22449 | NS      | $2075185.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-450.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA                  | Banca Monte dei Paschi di Siena SpA                                      | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | DBT              | CORP              | IT        |     2150000 | PA      | $2619531.68   | 0.09%             | 2029-04-23      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                 | Malayan Banking Bhd.                                                     | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |      378900 | NS      | $1134002.09   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                              | Vestas Wind Systems A/S                                                  | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |       12134 | NS      | $367798.66    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobius Merger Sub, Inc.                              | Mobius Merger Sub, Inc.                                                  | CUSIP: 606950AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      448000 | PA      | $264398.55    | 0.01%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3479.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| French Republic                                      | French Republic                                                          | CUSIP: N/A<br>LEI: 969500KCGF3SUYJHPV70       | Long             | DBT              | NUSS              | FR        |        5000 | PA      | $5920.94      | 0.00%             | 2031-02-25      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8159.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                                     | Sony Group Corp.                                                         | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |      278100 | NS      | $6131523.52   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $191.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                             | Bristol-Myers Squibb Co.                                                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      130346 | NS      | $7175547.30   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Mortgage Loan Trust                  | New Residential Mortgage Loan Trust, Series 2026-NQM1, Class A1          | CUSIP: 64832LAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      962000 | PA      | $962482.92    | 0.03%             | 2065-11-25      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Sampo OYJ                                            | Sampo OYJ, Class A                                                       | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |       29093 | NS      | $324454.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                         | Discovery Communications LLC                                             | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     1403000 | PA      | $1362860.17   | 0.05%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Dexia SA                                             | Dexia SA                                                                 | CUSIP: N/A<br>LEI: F4G136OIPBYND1F41110       | Long             | DBT              | NUSS              | FR        |     4200000 | PA      | $5580282.38   | 0.19%             | 2026-12-10      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Whirlpool Corp.                                      | Whirlpool Corp.                                                          | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     1109000 | PA      | $1111891.16   | 0.04%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CSL Ltd.                                             | CSL Ltd.                                                                 | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |        5829 | NS      | $734511.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnipFMC plc                                       | TechnipFMC plc                                                           | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |       33709 | NS      | $1878265.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                           | Alibaba Group Holding Ltd.                                               | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |      415524 | NS      | $8839685.86   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-Bobl                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        -148 | NC      | $7582.87      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                      | Eli Lilly & Co.                                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        3326 | NS      | $3449560.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4541.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Danaher Corp.                                        | Danaher Corp.                                                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       10905 | NS      | $2386995.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                             | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      650000 | PA      | $709657.94    | 0.02%             | 2028-11-13      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Atlas Copco AB                                       | Atlas Copco AB, Class A                                                  | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |      211569 | NS      | $4363017.82   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Toray Industries, Inc.                               | Toray Industries, Inc.                                                   | CUSIP: N/A<br>LEI: 35380099TCYR5FHT0A11       | Long             | EC               | CORP              | JP        |       16700 | NS      | $123182.80    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stryker Corp.                                        | Stryker Corp.                                                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |        9470 | NS      | $3499733.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                            | Link                                                                     | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |       31200 | NS      | $143450.21    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $848.34       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Prime Healthcare Services, Inc.                      | Prime Healthcare Services, Inc.                                          | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1488000 | PA      | $1549380.00   | 0.05%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                      | CUSIP: 91282CPD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5550000 | PA      | $5510542.94   | 0.19%             | 2030-10-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Adyen NV                                             | Adyen NV                                                                 | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |         303 | NS      | $449302.09    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Howmet Aerospace, Inc.                               | Howmet Aerospace, Inc.                                                   | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       20396 | NS      | $4243999.68   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Infrastructure Holdings Ltd.                      | CK Infrastructure Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 5299005U11RQ1C27MR12       | Long             | EC               | CORP              | BM        |        7500 | NS      | $61599.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | XAI E-Mini Industrial Select Sector                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         -24 | NC      | $-247080.48   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Nederlandse Waterschapsbank NV                       | Nederlandse Waterschapsbank NV                                           | CUSIP: N/A<br>LEI: JLP5FSPH9WPSHY3NIM24       | Long             | DBT              | NUSS              | NL        |     3120000 | PA      | $2140088.00   | 0.07%             | 2027-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $318909.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinsale Capital Group, Inc.                          | Kinsale Capital Group, Inc.                                              | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |         994 | NS      | $393504.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Finance Ltd.                                   | Bajaj Finance Ltd.                                                       | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |      167570 | NS      | $1695366.58   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                       | Alphabet, Inc., Class C                                                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       63330 | NS      | $21439104.90  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloud Software Group, Inc.                           | Cloud Software Group, Inc.                                               | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     3945000 | PA      | $3920412.98   | 0.14%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Goodman Group                                        | Goodman Group                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       24570 | NS      | $521957.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa plc                                          | Informa plc                                                              | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |       15552 | NS      | $187678.73    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                  | PetroChina Co. Ltd., Class H                                             | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |     1648000 | NS      | $1957757.46   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                       | Commonwealth Bank of Australia                                           | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |       20108 | NS      | $2081597.54   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Service Properties Trust                             | Service Properties Trust                                                 | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |      404000 | PA      | $408841.94    | 0.01%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                  | Petroleos Mexicanos                                                      | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     2635000 | PA      | $2371500.00   | 0.08%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                          | McGraw-Hill Education, Inc.                                              | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     1213000 | PA      | $1218376.02   | 0.04%             | 2028-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-426.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                        | Magnum Ice Cream Co. NV (The)                                            | CUSIP: N/A<br>LEI: 25490052LLF3XH6G9847       | Long             | EC               | CORP              | NL        |        5892 | NS      | $104719.33    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences, Inc.                         | Neurocrine Biosciences, Inc.                                             | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |       16603 | NS      | $2259004.18   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1318.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                               | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      109000 | PA      | $108194.49    | 0.00%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                        | Smyrna Ready Mix Concrete LLC                                            | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |      749000 | PA      | $751339.13    | 0.03%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Banco de Sabadell SA                                 | Banco de Sabadell SA                                                     | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | DBT              | CORP              | ES        |      400000 | PA      | $503090.99    | 0.02%             | 2031-05-20      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks, Inc.                                   | AMC Networks, Inc.                                                       | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     1201000 | PA      | $1252274.29   | 0.04%             | 2029-01-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| US Foods, Inc.                                       | US Foods, Inc.                                                           | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      625000 | PA      | $622497.31    | 0.02%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Demant A/S                                           | Demant A/S                                                               | CUSIP: N/A<br>LEI: 213800RM6L9LN78BVA56       | Long             | EC               | CORP              | DK        |        1156 | NS      | $40463.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| National Bank of Canada                              | National Bank of Canada                                                  | CUSIP: 63307A3D5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |      250000 | PA      | $252227.54    | 0.01%             | 2028-02-01      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                  | Realty Income Corp.                                                      | CUSIP: N/A<br>LEI: 549300CUWDAUZSH43859       | Long             | DBT              | CORP              | US        |     1600000 | PA      | $2025400.21   | 0.07%             | 2030-07-06      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Nabors Industries, Inc.                              | Nabors Industries, Inc.                                                  | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     1077000 | PA      | $1137344.31   | 0.04%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Beijer Ref AB                                        | Beijer Ref AB                                                            | CUSIP: N/A<br>LEI: 549300PZZEUVH08H4G75       | Long             | EC               | CORP              | SE        |        4914 | NS      | $69950.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $58219.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Insmed, Inc.                                         | Insmed, Inc.                                                             | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |       16339 | NS      | $2563098.93   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WULF Compute LLC                                     | WULF Compute LLC                                                         | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1451000 | PA      | $1513422.02   | 0.05%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| James Hardie Industries plc                          | James Hardie Industries plc                                              | CUSIP: N/A<br>LEI: 635400NSGXKTVOO7JU45       | Long             | EC               | CORP              | IE        |       36131 | NS      | $830651.69    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                         | Intuit, Inc.                                                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |        5247 | NS      | $2617833.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                                  | Amadeus IT Group SA                                                      | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |        5413 | NS      | $362923.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Republic of China                           | People's Republic of China                                               | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     7040000 | PA      | $1039353.33   | 0.04%             | 2034-08-25      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5231.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JDE Peet's NV                                        | JDE Peet's NV                                                            | CUSIP: N/A<br>LEI: 724500EHG519SE5ZRT89       | Long             | EC               | CORP              | NL        |        2043 | NS      | $76913.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                             | Jeronimo Martins SGPS SA                                                 | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |       25434 | NS      | $599760.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                | International Business Machines Corp.                                    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |        3731 | NS      | $1144297.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                         | Marriott International, Inc., Class A                                    | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       11573 | NS      | $3648966.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos., Inc.                             | Bausch Health Cos., Inc.                                                 | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      392000 | PA      | $407515.36    | 0.01%             | 2028-09-30      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3482.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $15099.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong & China Gas Co. Ltd.                       | Hong Kong & China Gas Co. Ltd.                                           | CUSIP: N/A<br>LEI: 254900P7BETXGC7YU827       | Long             | EC               | CORP              | HK        |      134452 | NS      | $126633.47    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland                                   | Republic of Poland                                                       | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     7333000 | PA      | $2114867.75   | 0.07%             | 2029-07-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd.                               | Julius Baer Group Ltd.                                                   | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |        2470 | NS      | $206319.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                        | United Wholesale Mortgage LLC                                            | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |       12000 | PA      | $12009.67     | 0.00%             | 2027-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Biogen, Inc.                                         | Biogen, Inc.                                                             | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |        6860 | NS      | $1234045.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ontario Teachers' Finance Trust                      | Ontario Teachers' Finance Trust                                          | CUSIP: N/A<br>LEI: 635400ZZE5J8OXXBBY26       | Long             | DBT              | NUSS              | CA        |     2896000 | PA      | $3023041.96   | 0.10%             | 2030-11-25      | Fixed         | 0.05%                 | Yes           |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                  | Hon Hai Precision Industry Co. Ltd.                                      | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |       76000 | NS      | $525344.02    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                                         | Prysmian SpA                                                             | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |        3383 | NS      | $400694.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4234.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5176.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                            | Ford Motor Credit Co. LLC                                                | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      377000 | PA      | $380514.65    | 0.01%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                             | Electricite de France SA                                                 | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | NUSS              | FR        |      400000 | PA      | $466949.19    | 0.02%             | 2027-12-01      | Variable      | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Halma plc                                            | Halma plc                                                                | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |        4552 | NS      | $221084.19    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Snowflake, Inc.                                      | Snowflake, Inc., Class A                                                 | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       10234 | NS      | $1972091.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Kasei Corp.                                    | Asahi Kasei Corp.                                                        | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |       15600 | NS      | $151335.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Saia, Inc.                                           | Saia, Inc.                                                               | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |        2493 | NS      | $834830.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                                            | Danone SA                                                                | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |        7778 | NS      | $609483.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3166.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                            | Sanofi SA                                                                | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |       13274 | NS      | $1252053.24   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                   | Oversea-Chinese Banking Corp. Ltd.                                       | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |       40700 | NS      | $679264.77    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                | Rocket Software, Inc.                                                    | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |      645000 | PA      | $643389.91    | 0.02%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SBA Communications Corp.                             | SBA Communications Corp.                                                 | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |        2132 | NS      | $392522.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Next plc                                             | Next plc                                                                 | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |        1400 | NS      | $254182.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co. Ltd.                             | Japan Post Bank Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 5493006JVO6N2HC2XZ76       | Long             | EC               | CORP              | JP        |       21500 | NS      | $381999.37    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4307.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland                                   | Republic of Poland                                                       | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     6868000 | PA      | $1952368.66   | 0.07%             | 2030-07-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                       | Fortescue Ltd.                                                           | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |       20348 | NS      | $294656.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| XCMG Construction Machinery Co. Ltd.                 | XCMG Construction Machinery Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 300300QGG1VFJ0WTJE78       | Long             | EC               | CORP              | CN        |      459333 | NS      | $708662.60    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                              | GSK plc                                                                  | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |       48841 | NS      | $1263109.32   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Brambles Ltd.                                        | Brambles Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       16371 | NS      | $254122.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-20313.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dycom Industries, Inc.                               | Dycom Industries, Inc.                                                   | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |      289000 | PA      | $284480.53    | 0.01%             | 2029-04-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-12466.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                | Japan Government Bond                                                    | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |   296250000 | PA      | $1175524.44   | 0.04%             | 2055-03-20      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Mettler-Toledo International, Inc.                   | Mettler-Toledo International, Inc.                                       | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |         537 | NS      | $737429.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group NV                                      | Nebius Group NV                                                          | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Long             | EC               | CORP              | NL        |        2549 | NS      | $217149.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Corp.                                       | Sumitomo Corp.                                                           | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |       13100 | NS      | $531979.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Champions Financing, Inc.                            | Champions Financing, Inc.                                                | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |     1088000 | PA      | $1055430.72   | 0.04%             | 2029-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: —       |
| Cleveland-Cliffs, Inc.                               | Cleveland-Cliffs, Inc.                                                   | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     1592000 | PA      | $1654417.54   | 0.06%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     5470000 | PA      | $1285105.42   | 0.04%             | 2032-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Japan Airlines Co. Ltd.                              | Japan Airlines Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |        1700 | NS      | $32121.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple, Inc.                                          | Apple, Inc.                                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      130162 | NS      | $33774435.76  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $522.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lithia Motors, Inc.                                  | Lithia Motors, Inc.                                                      | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     1192000 | PA      | $1153111.12   | 0.04%             | 2029-06-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| Fastighets AB Balder                                 | Fastighets AB Balder, Class B                                            | CUSIP: N/A<br>LEI: 549300GHKJCEZOAEUU82       | Long             | EC               | CORP              | SE        |        8585 | NS      | $64753.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Daito Trust Construction Co. Ltd.                    | Daito Trust Construction Co. Ltd.                                        | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |        3500 | NS      | $71040.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-Bund                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       -1035 | NC      | $-102193.06   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips NV                               | Koninklijke Philips NV                                                   | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |        9256 | NS      | $265793.75    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                          | Brenntag SE                                                              | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |        1467 | NS      | $89251.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Logitech International SA                            | Logitech International SA (Registered)                                   | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |        1835 | NS      | $158089.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarivate Science Holdings Corp.                     | Clarivate Science Holdings Corp.                                         | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1732000 | PA      | $1634630.60   | 0.06%             | 2028-07-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Japan Bank for International Cooperation             | Japan Bank for International Cooperation                                 | CUSIP: 471048CP1<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |       96000 | PA      | $94142.15     | 0.00%             | 2027-01-20      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| British American Tobacco plc                         | British American Tobacco plc                                             | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |       26268 | NS      | $1586944.49   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Permian Resources Operating LLC                      | Permian Resources Operating LLC                                          | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     1412000 | PA      | $1424839.32   | 0.05%             | 2027-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ICON plc                                             | ICON plc                                                                 | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |       10746 | NS      | $1936966.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest, Inc.                                      | Pinterest, Inc., Class A                                                 | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |       32543 | NS      | $720176.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alta Equipment Group, Inc.                           | Alta Equipment Group, Inc.                                               | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |      906000 | PA      | $865731.92    | 0.03%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| Banco de Sabadell SA                                 | Banco de Sabadell SA                                                     | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | DBT              | CORP              | ES        |     1000000 | PA      | $1236438.55   | 0.04%             | 2030-09-13      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd.               | Check Point Software Technologies Ltd.                                   | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |        1032 | NS      | $185254.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd.                           | Capitec Bank Holdings Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |        3996 | NS      | $1072901.10   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Province of Ontario Canada                           | Province of Ontario                                                      | CUSIP: N/A<br>LEI: C7PVKCRGLG18EBQGZV36       | Long             | DBT              | NUSS              | CA        |     5800000 | PA      | $6046663.48   | 0.21%             | 2030-11-25      | Fixed         | 0.01%                 | Yes           |                  2 | On Loan: No      |
| Holcim Finance Luxembourg SA                         | Holcim Finance Luxembourg SA                                             | CUSIP: N/A<br>LEI: 529900XU3Z9D2HLBR716       | Long             | DBT              | CORP              | LU        |     2108000 | PA      | $2186000.92   | 0.08%             | 2031-04-23      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| Southern Power Co.                                   | Southern Power Co.                                                       | CUSIP: 843646AQ3<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |      150000 | PA      | $177518.73    | 0.01%             | 2026-06-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                          | Swedbank AB, Class A                                                     | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |       10201 | NS      | $396617.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DoorDash, Inc.                                       | DoorDash, Inc., Class A                                                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       11247 | NS      | $2301361.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                         | Fiserv, Inc.                                                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       21678 | NS      | $1381538.94   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co. Ltd.                                   | Sino Land Co. Ltd.                                                       | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |       44000 | NS      | $66216.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                     | GE HealthCare Technologies, Inc.                                         | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |       10969 | NS      | $866221.93    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NMC Health plc                                       | NMC Health plc                                                           | CUSIP: N/A<br>LEI: 2138008YQEVWBE1V2M52       | Long             | EC               | CORP              | GB        |        3112 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NextEra Energy, Inc.                                 | NextEra Energy, Inc.                                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      114870 | NS      | $10097073.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Funding Luxco Sarl                             | Eagle Funding Luxco SARL                                                 | CUSIP: N/A<br>LEI: 894500VDP08MVIZ6OA60       | Long             | DBT              | NUSS              | LU        |      400000 | PA      | $406000.00    | 0.01%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Kuaishou Technology                                  | Kuaishou Technology                                                      | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |      130800 | NS      | $1336398.32   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3910.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co. Ltd.                            | Recruit Holdings Co. Ltd.                                                | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |       16900 | NS      | $890186.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                     | Raia Drogasil SA                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      165612 | NS      | $769095.49    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingdom of Thailand                                  | Kingdom of Thailand                                                      | CUSIP: N/A<br>LEI: 254900PHJ6MSKT6C7026       | Long             | DBT              | NUSS              | TH        |    40405000 | PA      | $1426517.24   | 0.05%             | 2038-06-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Kirin Holdings Co. Ltd.                              | Kirin Holdings Co. Ltd.                                                  | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |        9300 | NS      | $144589.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Newell Brands, Inc.                                  | Newell Brands, Inc.                                                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      969000 | PA      | $957788.86    | 0.03%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Komatsu Ltd.                                         | Komatsu Ltd.                                                             | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |       11400 | NS      | $436337.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MatsukiyoCocokara & Co.                              | MatsukiyoCocokara & Co.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        3900 | NS      | $62446.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $38828.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                   | Chord Energy Corp.                                                       | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     1075000 | PA      | $1095960.67   | 0.04%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Southwest Airlines Co.                               | Southwest Airlines Co.                                                   | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |       45492 | NS      | $2161779.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                                            | adidas AG                                                                | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |        2055 | NS      | $364358.88    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain plc                                           | Entain plc                                                               | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | IM        |        7265 | NS      | $60272.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                     | Boeing Co. (The)                                                         | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |        5660 | NS      | $1322855.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech                             | Sartorius Stedim Biotech                                                 | CUSIP: N/A<br>LEI: 52990006IVXY7GCSSR39       | Long             | EC               | CORP              | FR        |         349 | NS      | $77990.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                                         | Sartorius AG (Preference)                                                | CUSIP: N/A<br>LEI: 529900EQV2DY4FOAMU38       | Long             | EC               | CORP              | DE        |         315 | NS      | $88040.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $511.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                              | Sika AG (Registered)                                                     | CUSIP: N/A<br>LEI: 549300R3N69ECGYPU434       | Long             | EC               | CORP              | CH        |        1832 | NS      | $351543.66    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd.                      | Galaxy Entertainment Group Ltd.                                          | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |      148000 | NS      | $751952.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                                  | Kinetik Holdings LP                                                      | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     1790000 | PA      | $1843195.22   | 0.06%             | 2028-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| ICITII                                               | ICITII                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |        9389 | PA      | $4068.18      | 0.00%             | 2033-01-31      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                         | Dai-ichi Life Holdings, Inc.                                             | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |       42200 | NS      | $371112.82    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Thailand                                  | Kingdom of Thailand                                                      | CUSIP: N/A<br>LEI: 254900PHJ6MSKT6C7026       | Long             | DBT              | NUSS              | TH        |    13700000 | PA      | $449986.42    | 0.02%             | 2040-06-17      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Whitbread plc                                        | Whitbread plc                                                            | CUSIP: N/A<br>LEI: 21380099VMZKRMN3EX36       | Long             | EC               | CORP              | GB        |        2079 | NS      | $77605.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 10 Year Ultra Note                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -106 | NC      | $194314.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FDJ United                                           | FDJ UNITED                                                               | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |        1329 | NS      | $35173.23     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ryohin Keikaku Co. Ltd.                              | Ryohin Keikaku Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 549300PMNF56J66BY371       | Long             | EC               | CORP              | JP        |        6100 | NS      | $121663.32    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust               | Velocity Commercial Capital Loan Trust, Series 2018-2, Class M2          | CUSIP: 92259BAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      106660 | PA      | $102173.17    | 0.00%             | 2048-10-26      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Boerse AG                                   | Deutsche Boerse AG                                                       | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |       18290 | NS      | $4631492.22   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd.                                | Sonic Healthcare Ltd.                                                    | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |        5630 | NS      | $90033.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                         | Bankinter SA                                                             | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | DBT              | CORP              | ES        |     2300000 | PA      | $2710983.19   | 0.09%             | 2026-07-08      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| SBI Holdings, Inc.                                   | SBI Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |        6800 | NS      | $153775.30    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Danish Krone                                         | Danish Krone                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | DK        |        6067 | OU      | $962.94       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group plc                                    | Compass Group plc                                                        | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |       20396 | NS      | $611583.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp.                                    | Nitto Denko Corp.                                                        | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |        8200 | NS      | $182231.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co. Ltd.                | Wharf Real Estate Investment Co. Ltd.                                    | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | KY        |       20000 | NS      | $69435.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-185912.18   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Credito Emiliano SpA                                 | Credito Emiliano SpA                                                     | CUSIP: N/A<br>LEI: 8156004B244AA70DE787       | Long             | DBT              | CORP              | IT        |     2000000 | PA      | $2414925.08   | 0.08%             | 2029-04-18      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                             | Kweichow Moutai Co. Ltd., Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |        4103 | NS      | $825695.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                             | Celanese US Holdings LLC                                                 | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     1501000 | PA      | $1527133.84   | 0.05%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Vodafone Group plc                                   | Vodafone Group plc                                                       | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |      230119 | NS      | $338902.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Metso OYJ                                            | Metso OYJ                                                                | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |        7952 | NS      | $155467.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| D'ieteren Group                                      | D'ieteren Group                                                          | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |         257 | NS      | $58539.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Thailand Baht                                        | Thailand Baht                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TH        |           0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MYT Holding LLC                                      | MYT Holding LLC                                                          | CUSIP: 55406N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       23161 | NS      | $5790.25      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                     | Goodyear Tire & Rubber Co. (The)                                         | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |       24000 | PA      | $23503.97     | 0.00%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CapitaLand Investment Ltd.                           | CapitaLand Investment Ltd.                                               | CUSIP: N/A<br>LEI: 254900AT4UQDU7SNXX49       | Long             | EC               | CORP              | SG        |       28000 | NS      | $67791.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Zealand Dollar                                   | New Zealand Dollar                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NZ        |         731 | OU      | $439.95       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre GLBL, Inc.                                     | Sabre GLBL, Inc.                                                         | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      930000 | PA      | $752137.50    | 0.03%             | 2030-07-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                             | Venture Global LNG, Inc.                                                 | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     2260000 | PA      | $2274002.96   | 0.08%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| LifePoint Health, Inc.                               | LifePoint Health, Inc.                                                   | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |      418000 | PA      | $448445.03    | 0.02%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Amazon.com, Inc.                                     | Amazon.com, Inc.                                                         | CUSIP: 023135CV6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     2000000 | PA      | $1980350.86   | 0.07%             | 2035-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                               | AP Moller - Maersk A/S, Class B                                          | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |          47 | NS      | $116218.15    | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $126451.61    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Romanian Leu                                         | Romanian Leu                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | RO        |          -0 | OU      | $-0.03        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JYP Entertainment Corp.                              | JYP Entertainment Corp.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       12056 | NS      | $613544.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                               | Mercedes-Benz Group AG                                                   | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |        8678 | NS      | $593091.39    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp., Series N                                          | CUSIP: 06051GJQ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      250000 | PA      | $249350.75    | 0.01%             | 2027-03-11      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt-A Securities Mortgage Loan Trust        | Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AF1, Class A4 | CUSIP: 251510NC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           1 | PA      | $1.08         | 0.00%             | 2036-04-25      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Elisa OYJ                                            | Elisa OYJ                                                                | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |        1701 | NS      | $75243.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Republic of China                           | People's Republic of China                                               | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     5570000 | PA      | $778280.45    | 0.03%             | 2055-08-25      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                 | American Express Co.                                                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       16384 | NS      | $5769953.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property REIT, Inc.                       | Brookfield Property REIT, Inc.                                           | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      102000 | PA      | $100712.67    | 0.00%             | 2027-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Republic of Turkiye (The)                            | Republic of Turkiye (The)                                                | CUSIP: 900123DU1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1753000 | PA      | $1733278.75   | 0.06%             | 2038-01-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                                  | EssilorLuxottica SA                                                      | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |        3617 | NS      | $1105702.72   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                      | CUSIP: 91282CLL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      200000 | PA      | $199492.19    | 0.01%             | 2027-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $16.35        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Mortgage LLC                                  | Rocket Mortgage LLC                                                      | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1751000 | PA      | $1727184.30   | 0.06%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Neste OYJ                                            | Neste OYJ                                                                | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               | CORP              | FI        |        5059 | NS      | $129232.03    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                                | Spotify Technology SA                                                    | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |        4594 | NS      | $2298607.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB                             | Svenska Handelsbanken AB, Class A                                        | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |       17490 | NS      | $275730.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Argenx SE                                            | Argenx SE                                                                | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |         197 | NS      | $165671.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-27692.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group plc                            | Marks & Spencer Group plc                                                | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |       24717 | NS      | $123960.73    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coloplast A/S                                        | Coloplast A/S, Class B                                                   | CUSIP: N/A<br>LEI: 529900NN7SOJ5QG82X67       | Long             | EC               | CORP              | DK        |        1515 | NS      | $129146.18    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MGIC Investment Corp.                                | MGIC Investment Corp.                                                    | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |       22713 | NS      | $611433.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| People's Republic of China                           | People's Republic of China                                               | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     5290000 | PA      | $760911.69    | 0.03%             | 2035-08-25      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                    | Johnson & Johnson                                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       61027 | NS      | $13868385.75  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupe Bruxelles Lambert NV                          | Groupe Bruxelles Lambert NV                                              | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |         958 | NS      | $90648.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland                                   | Republic of Poland                                                       | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     1894000 | PA      | $573024.29    | 0.02%             | 2033-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-54.06       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co. Ltd.                                   | Tokyo Gas Co. Ltd.                                                       | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |        3800 | NS      | $168589.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                    | Merck & Co., Inc.                                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |        5983 | NS      | $659745.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola Finanzas SA                                | Iberdrola Finanzas SA                                                    | CUSIP: N/A<br>LEI: 5493004PZNZWWBOUV388       | Long             | DBT              | CORP              | ES        |      800000 | PA      | $942353.25    | 0.03%             | 2031-08-05      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                    | Venture Global Calcasieu Pass LLC                                        | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     1503000 | PA      | $1427879.01   | 0.05%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Mastercard, Inc.                                     | Mastercard, Inc., Class A                                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       26279 | NS      | $14158862.41  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment plc                            | Flutter Entertainment plc                                                | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | IE        |        4588 | NS      | $757708.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                             | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |      167775 | NS      | $1119741.64   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Province of Ontario Canada                           | Province of Ontario                                                      | CUSIP: 68333ZBG1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    21944000 | PA      | $16261750.55  | 0.56%             | 2034-12-02      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                             | Lloyds Banking Group plc                                                 | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |      711369 | NS      | $1062219.44   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                           | AT&T, Inc.                                                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      123653 | NS      | $3240945.13   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                | American Homes 4 Rent, Class A                                           | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |       14415 | NS      | $451477.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                           | Tenaris SA                                                               | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |        4499 | NS      | $99936.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                         | CaixaBank SA                                                             | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | DBT              | CORP              | ES        |     1900000 | PA      | $2373492.78   | 0.08%             | 2029-07-19      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bank of Ireland Group plc                            | Bank of Ireland Group plc                                                | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |       11465 | NS      | $232939.78    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                                             | Rexel SA                                                                 | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |        2695 | NS      | $112935.56    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Guatemala                                | Republic of Guatemala                                                    | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |      611000 | PA      | $636203.75    | 0.02%             | 2036-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Australia 10 Year Bond                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | AU        |       -1236 | NC      | $-171085.50   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                        | Akzo Nobel NV                                                            | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |        2055 | NS      | $143967.73    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                     | Delivery Hero SE                                                         | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |        2304 | NS      | $64256.76     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: —       |
| NESCO Holdings II, Inc.                              | NESCO Holdings II, Inc.                                                  | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1281020.13   | 0.04%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PBF Holding Co. LLC                                  | PBF Holding Co. LLC                                                      | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      887000 | PA      | $940636.00    | 0.03%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: —       |
| BNP Paribas SA                                       | BNP Paribas SA                                                           | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |       12077 | NS      | $1305916.89   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Genting New York LLC                                 | Genting New York LLC                                                     | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1048000 | PA      | $1083100.94   | 0.04%             | 2029-10-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Sonova Holding AG                                    | Sonova Holding AG (Registered)                                           | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Long             | EC               | CORP              | CH        |         608 | NS      | $166399.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.          | Taiwan Semiconductor Manufacturing Co. Ltd.                              | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |      697756 | NS      | $38583071.88  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Global                                     | Paramount Global                                                         | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     1012000 | PA      | $951684.80    | 0.03%             | 2062-03-30      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: 195325EV3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |      482000 | PA      | $478867.00    | 0.02%             | 2033-01-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3706.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                        | United Wholesale Mortgage LLC                                            | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |       12000 | PA      | $11856.05     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| China Resources Power Holdings Co. Ltd.              | China Resources Power Holdings Co. Ltd.                                  | CUSIP: N/A<br>LEI: 529900K60FC0AI053735       | Long             | EC               | CORP              | HK        |      212000 | NS      | $482898.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $69428.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                              | Hungary Government Bond                                                  | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   495250000 | PA      | $1406011.76   | 0.05%             | 2032-11-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| People's Republic of China                           | People's Republic of China                                               | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     4520000 | PA      | $615287.03    | 0.02%             | 2045-04-25      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      885000 | PA      | $712819.11    | 0.02%             | 2050-01-28      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |     8079680 | PA      | $556389.71    | 0.02%             | 2042-03-31      | Fixed         | 10.12%                | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV                       | BE Semiconductor Industries NV                                           | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |         876 | NS      | $170507.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                               | Tenet Healthcare Corp.                                                   | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     2386000 | PA      | $2388445.65   | 0.08%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                              | Hyundai Glovis Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |        5451 | NS      | $919035.16    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                            | Kia Corp.                                                                | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |       25930 | NS      | $2759035.44   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Motor Co. Ltd.                                | Yamaha Motor Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 3538004LR5NXILJDHY88       | Long             | EC               | CORP              | JP        |       11000 | NS      | $83068.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EastGroup Properties, Inc.                           | EastGroup Properties, Inc.                                               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |        1290 | NS      | $234315.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                        | Industria de Diseno Textil SA                                            | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |       13107 | NS      | $852874.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                                | Mex Bonos Desarr Fix Rt                                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |   128410000 | PA      | $6919375.35   | 0.24%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                   | Vertiv Group Corp.                                                       | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |      176000 | PA      | $173316.95    | 0.01%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Lasertec Corp.                                       | Lasertec Corp.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        1000 | NS      | $229737.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                | Japan Government Bond                                                    | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |   430000000 | PA      | $2136135.31   | 0.07%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Legal & General Group plc                            | Legal & General Group plc                                                | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |       68460 | NS      | $248565.68    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5273.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa AB SCA                             | Svenska Cellulosa AB SCA, Class B                                        | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        |        7264 | NS      | $90951.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Middleby Corp. (The)                                 | Middleby Corp. (The)                                                     | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |        2605 | NS      | $383377.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                         | Kaspi.KZ JSC                                                             | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |        6821 | NS      | $519555.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group, Inc.                    | Sumitomo Mitsui Trust Group, Inc.                                        | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |        7600 | NS      | $253830.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                               | Cie de Saint-Gobain SA                                                   | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |        5397 | NS      | $532713.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lottery Corp. Ltd. (The)                             | Lottery Corp. Ltd. (The)                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       26614 | NS      | $94810.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5787.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla, Inc.                                          | Tesla, Inc.                                                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       31807 | NS      | $13690050.87  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1615.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Community Health Systems, Inc.                       | Community Health Systems, Inc.                                           | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     1607000 | PA      | $1515262.96   | 0.05%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ZOZO, Inc.                                           | ZOZO, Inc.                                                               | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |        5400 | NS      | $44601.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                                          | Pandora A/S                                                              | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |         947 | NS      | $76653.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                                            | Kering SA                                                                | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |         893 | NS      | $278774.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3088.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-8288.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6577.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                     | Deutsche Post AG                                                         | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |       11535 | NS      | $645135.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $6128.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Auckland International Airport Ltd.                  | Auckland International Airport Ltd.                                      | CUSIP: N/A<br>LEI: 549300HFZIZDJWB7AK60       | Long             | EC               | CORP              | NZ        |       20366 | NS      | $101287.16    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Ecuador                                  | Republic of Ecuador                                                      | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      402000 | PA      | $406212.96    | 0.01%             | 2034-01-29      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $9260.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                       | Entegris, Inc.                                                           | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      755000 | PA      | $770395.21    | 0.03%             | 2030-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $9587.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                     | Terna - Rete Elettrica Nazionale                                         | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |       16906 | NS      | $183198.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Regions Financial Corp.                              | Regions Financial Corp.                                                  | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |       78788 | NS      | $2245458.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                                | Range Resources Corp.                                                    | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |       28123 | NS      | $1064455.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA                  | Banca Monte dei Paschi di Siena SpA                                      | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |       23731 | NS      | $246180.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Life Holding AG                                | Swiss Life Holding AG (Registered)                                       | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |         343 | NS      | $376117.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Deutsche Bank AG                                     | Deutsche Bank AG                                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | DBT              | CORP              | DE        |      900000 | PA      | $1073045.20   | 0.04%             | 2031-02-13      | Variable      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Republic of Kenya                                    | Republic of Kenya                                                        | CUSIP: N/A<br>LEI: 549300VVURQQYU45PR87       | Long             | DBT              | NUSS              | KE        |      225000 | PA      | $240525.00    | 0.01%             | 2036-03-05      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7475.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3273.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                             | Ipsen SA                                                                 | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |         451 | NS      | $73677.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano, Inc.                                        | Shimano, Inc.                                                            | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |         900 | NS      | $102588.82    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG               | Chocoladefabriken Lindt & Spruengli AG                                   | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |          11 | NS      | $158086.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Excelerate Energy LP                                 | Excelerate Energy LP                                                     | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |      538000 | PA      | $575326.98    | 0.02%             | 2030-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $20130.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                         | Sun Hung Kai Properties Ltd.                                             | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |       17500 | NS      | $281030.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                        | CUSIP: 404280FG9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      857000 | PA      | $855946.50    | 0.03%             | 2036-11-06      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Nippon Sanso Holdings Corp.                          | Nippon Sanso Holdings Corp.                                              | CUSIP: N/A<br>LEI: 353800F1K6653B4VPY57       | Long             | EC               | CORP              | JP        |        2100 | NS      | $63720.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland | United Kingdom of Great Britain and Northern Ireland                     | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |     3925000 | PA      | $4652671.28   | 0.16%             | 2054-07-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Turkish Lira                                         | Turkish Lira                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TR        |           0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc.       | Charles River Laboratories International, Inc.                           | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |      762000 | PA      | $735001.04    | 0.03%             | 2029-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| OBX Trust                                            | OBX Trust, Series 2026-NQM2, Class A1A                                   | CUSIP: 67123VAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     1170000 | PA      | $1171805.90   | 0.04%             | 2065-12-01      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                                 | Honda Motor Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |       44400 | NS      | $446554.65    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co. Ltd.                           | Mitsubishi Estate Co. Ltd.                                               | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |       12800 | NS      | $326219.86    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CAR Group Ltd.                                       | CAR Group Ltd.                                                           | CUSIP: N/A<br>LEI: 5299009TFWZGH2AN7D11       | Long             | EC               | CORP              | AU        |        4547 | NS      | $87006.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Printing Co. Ltd.                         | Dai Nippon Printing Co. Ltd.                                             | CUSIP: N/A<br>LEI: 529900S7NFNQ4FT6OP83       | Long             | EC               | CORP              | JP        |        4700 | NS      | $84328.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA                                             | Ageas SA                                                                 | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |        1793 | NS      | $127357.56    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries NV                                    | Lotus Bakeries NV                                                        | CUSIP: N/A<br>LEI: 5493004C0K34IFI67I03       | Long             | EC               | CORP              | BE        |           5 | NS      | $58948.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1376.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                | Reworld Holding Corp.                                                    | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |     1165000 | PA      | $1127808.32   | 0.04%             | 2029-12-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                  | Medline Borrower LP                                                      | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     1144000 | PA      | $1118511.98   | 0.04%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Orion OYJ                                            | Orion OYJ, Class B                                                       | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |        1313 | NS      | $108582.62    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co. Ltd.                                | DB Insurance Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |        8312 | NS      | $820639.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co. Ltd.                          | Montage Technology Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 836800ZMWT5PAN574D81       | Long             | EC               | CORP              | CN        |       53186 | NS      | $1385845.45   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LABL, Inc.                                           | LABL, Inc.                                                               | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |      820000 | PA      | $373100.00    | 0.01%             | 2028-11-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Delek Logistics Partners LP                          | Delek Logistics Partners LP                                              | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      729000 | PA      | $762406.31    | 0.03%             | 2029-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| KakaoBank Corp.                                      | KakaoBank Corp.                                                          | CUSIP: N/A<br>LEI: 988400VAVCFSK6VF9Q87       | Long             | EC               | CORP              | KR        |       43066 | NS      | $683133.03    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3584.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon Ltd.                                           | Aegon Ltd.                                                               | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | BM        |       15888 | NS      | $124792.08    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.                 | MS&AD Insurance Group Holdings, Inc.                                     | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |       15500 | NS      | $394902.55    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1365.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                                | Mex Bonos Desarr Fix Rt                                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    43100000 | PA      | $2321507.17   | 0.08%             | 2036-02-21      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | FTSE 100 Index                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |         218 | NC      | $1052919.31   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Global Funding                                | Athene Global Funding                                                    | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |       78000 | PA      | $78302.50     | 0.00%             | 2026-05-08      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Thales SA                                            | Thales SA                                                                | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |        1114 | NS      | $341024.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG (Registered)                                                | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      103081 | NS      | $4877318.53   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6385.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                           | Hexagon AB, Class B                                                      | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               | CORP              | SE        |       24947 | NS      | $281278.37    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-Schatz                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         438 | NC      | $2492.71      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                       | Hewlett Packard Enterprise Co.                                           | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      112880 | NS      | $2429177.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      715000 | PA      | $173970.94    | 0.01%             | 2031-04-28      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| ZoomInfo Technologies LLC                            | ZoomInfo Technologies LLC                                                | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1131000 | PA      | $1033792.64   | 0.04%             | 2029-02-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Republic of Peru                                     | Bonos de la Tesoreria                                                    | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     2337000 | PA      | $619144.65    | 0.02%             | 2040-08-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                        | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      310000 | PA      | $320229.66    | 0.01%             | 2030-11-19      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial, Inc.                        | Raymond James Financial, Inc.                                            | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |        6623 | NS      | $1098490.78   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent plc                                     | Severn Trent plc                                                         | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |        3246 | NS      | $130378.11    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                                   | Banco do Brasil SA                                                       | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |      185728 | NS      | $886864.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                              | Eni SpA                                                                  | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |       24577 | NS      | $502332.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                             | Vinci SA                                                                 | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |        5995 | NS      | $861989.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Novelis Corp.                                        | Novelis Corp.                                                            | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     1136000 | PA      | $1177408.34   | 0.04%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| RR Donnelley & Sons Co.                              | RR Donnelley & Sons Co.                                                  | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |     1281000 | PA      | $1333134.14   | 0.05%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Emaar Properties PJSC                                | Emaar Properties PJSC                                                    | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |      312294 | NS      | $1277499.26   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Contact Energy Ltd.                                  | Contact Energy Ltd.                                                      | CUSIP: N/A<br>LEI: 549300FT5JOXS1PZ1I32       | Long             | EC               | CORP              | NZ        |       10148 | NS      | $57192.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                                   | Publicis Groupe SA                                                       | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |        2745 | NS      | $274358.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Teradyne, Inc.                                       | Teradyne, Inc.                                                           | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |        8412 | NS      | $2027712.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines, Inc.                                                  | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     3122000 | PA      | $3257782.02   | 0.11%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                              | Molina Healthcare, Inc.                                                  | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |         814 | NS      | $146186.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Canada 10 Year Bond                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | CA        |        -469 | NC      | $129365.95    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-21636.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                          | Baidu, Inc., Class A                                                     | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |       78350 | NS      | $1501778.18   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wayfair LLC                                          | Wayfair LLC                                                              | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     1439000 | PA      | $1504601.13   | 0.05%             | 2029-10-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Xinyi Solar Holdings Ltd.                            | Xinyi Solar Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | KY        |     1366000 | NS      | $590442.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                  | LVMH Moet Hennessy Louis Vuitton SE                                      | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       12407 | NS      | $8007535.44   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                             | Panasonic Holdings Corp.                                                 | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |       28000 | NS      | $383899.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KKR & Co., Inc.                                      | KKR & Co., Inc.                                                          | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |        2446 | NS      | $279479.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX plc                                             | RELX plc                                                                 | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |       21931 | NS      | $777498.23    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5417.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5636.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                       | Prudential plc                                                           | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |       77292 | NS      | $1269540.16   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui OSK Lines Ltd.                                | Mitsui OSK Lines Ltd.                                                    | CUSIP: N/A<br>LEI: 353800P8O843TMAZ6S09       | Long             | EC               | CORP              | JP        |        4100 | NS      | $128514.31    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                 | Clear Channel Outdoor Holdings, Inc.                                     | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     1178000 | PA      | $1240277.33   | 0.04%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2964.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                         | Scientific Games Holdings LP                                             | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1198000 | PA      | $1093199.61   | 0.04%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Century Communities, Inc.                            | Century Communities, Inc.                                                | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |     1067000 | PA      | $1015441.27   | 0.04%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Progressive Corp. (The)                              | Progressive Corp. (The)                                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |        4972 | NS      | $1034176.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Group, Inc.                                  | Rakuten Group, Inc.                                                      | CUSIP: N/A<br>LEI: 529900IMXUCQKUL1H943       | Long             | EC               | CORP              | JP        |       18200 | NS      | $109122.02    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Azrieli Group Ltd.                                   | Azrieli Group Ltd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |         507 | NS      | $67991.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd.                                     | Pro Medicus Ltd.                                                         | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |         691 | NS      | $88339.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore plc                                         | Glencore plc                                                             | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |      120784 | NS      | $823427.57    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                               | CK Asset Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |       22888 | NS      | $134081.09    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                            | Mapfre SA                                                                | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |       11101 | NS      | $50795.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexstar Media Group, Inc.                            | Nexstar Media Group, Inc.                                                | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |        2053 | NS      | $436016.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11776.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                     | Raiffeisen Bank International AG                                         | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |        1581 | NS      | $79691.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Paylocity Holding Corp.                              | Paylocity Holding Corp.                                                  | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |        1770 | NS      | $238914.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                                 | Schindler Holding AG                                                     | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |         489 | NS      | $188677.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Koninklijke KPN NV                                   | Koninklijke KPN NV                                                       | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |       46633 | NS      | $228385.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                | Republic of Indonesia                                                    | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  5993000000 | PA      | $370100.01    | 0.01%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Grifols SA                                           | Grifols SA                                                               | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |        3567 | NS      | $45636.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                             | Bayer AG (Registered)                                                    | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |       11805 | NS      | $624386.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lifco AB                                             | Lifco AB, Class B                                                        | CUSIP: N/A<br>LEI: 549300RTLL4VDQRCTW41       | Long             | EC               | CORP              | SE        |        2801 | NS      | $96247.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-57630.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp.                                         | Oracle Corp.                                                             | CUSIP: N/A<br>LEI: 529900MIMKY9RU60Z323       | Long             | EC               | CORP              | JP        |         500 | NS      | $33832.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                             | QBE Insurance Group Ltd.                                                 | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |       18107 | NS      | $248170.47    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Finance Co. Pty. Ltd.                     | Transurban Finance Co. Pty. Ltd.                                         | CUSIP: 89400PAL7<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |      324000 | PA      | $321185.35    | 0.01%             | 2036-03-24      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: —       |
| Airbus SE                                            | Airbus SE                                                                | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |        7140 | NS      | $1634703.16   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                          | Bundesschatzanweisungen                                                  | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |    20060000 | PA      | $23824337.36  | 0.83%             | 2027-03-11      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1186.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2658.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co. Ltd.                              | Daiichi Sankyo Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |       21600 | NS      | $395703.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                               | AXA SA                                                                   | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |       20843 | NS      | $950422.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $936.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TSB Bank plc                                         | TSB Bank plc                                                             | CUSIP: N/A<br>LEI: 549300XP222MV7P3CC54       | Long             | DBT              | CORP              | GB        |     1300000 | PA      | $1536895.91   | 0.05%             | 2030-02-18      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-320.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kinetik Holdings LP                                  | Kinetik Holdings LP                                                      | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |       78000 | PA      | $78931.09     | 0.00%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust         | American Credit Acceptance Receivables Trust, Series 2026-1, Class D     | CUSIP: 02531FAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      784000 | PA      | $784344.49    | 0.03%             | 2033-01-12      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Newmont Corp.                                        | Newmont Corp.                                                            | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |        5634 | NS      | $632979.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                         | Infosys Ltd.                                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      100139 | NS      | $1760443.62   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| VAT Group AG                                         | VAT Group AG                                                             | CUSIP: N/A<br>LEI: 529900MVFK7NVALR7Y83       | Long             | EC               | CORP              | CH        |         323 | NS      | $208873.28    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: —       |
| HKT Trust & HKT Ltd.                                 | HKT Trust & HKT Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |       46000 | NS      | $68936.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NFE Financing LLC                                    | NFE Financing LLC                                                        | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      838000 | PA      | $296341.94    | 0.01%             | 2029-11-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: —       |
| Federative Republic of Brazil                        | Notas do Tesouro Nacional                                                | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     7065000 | PA      | $1271721.51   | 0.04%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings, Inc.                           | Crowdstrike Holdings, Inc.                                               | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |      457000 | PA      | $437273.20    | 0.02%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Helvetia Baloise Holding AG                          | Helvetia Baloise Holding AG                                              | CUSIP: N/A<br>LEI: 529900SUJBXTORH0LT80       | Long             | EC               | CORP              | CH        |         946 | NS      | $239925.18    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                                | Schneider Electric SE                                                    | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |        6588 | NS      | $1888792.59   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                              | Hungary Government Bond                                                  | CUSIP: 445545AM8<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     1158000 | PA      | $994722.00    | 0.03%             | 2031-09-22      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                           | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      849000 | PA      | $845053.24    | 0.03%             | 2037-01-30      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $596.35       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | MSCI Emerging Markets Index                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        1890 | NC      | $671173.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                               | OMV AG                                                                   | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |        1770 | NS      | $105151.73    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-42790.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd.                               | Lynas Rare Earths Ltd.                                                   | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | AU        |       10885 | NS      | $109569.82    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Russell 2000 E-Mini Index                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         -69 | NC      | $-310618.35   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| M&G plc                                              | M&G plc                                                                  | CUSIP: N/A<br>LEI: 254900TWUJUQ44TQJY84       | Long             | EC               | CORP              | GB        |       27313 | NS      | $115786.63    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatari Rial                                          | Qatari Rial                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | QA        |       47861 | OU      | $13144.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd.                                  | Tokyo Electron Ltd.                                                      | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |        5400 | NS      | $1438879.04   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                                   | Telstra Group Ltd.                                                       | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |       47782 | NS      | $162329.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                              | Bank Leumi Le-Israel BM                                                  | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |       17893 | NS      | $430135.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC                                     | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       50000 | PA      | $52658.96     | 0.00%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| HOCHTIEF AG                                          | HOCHTIEF AG                                                              | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |         187 | NS      | $78417.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| OneMain Finance Corp.                                | OneMain Finance Corp.                                                    | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      540000 | PA      | $556619.58    | 0.02%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hashemite Kingdom of Jordan                          | Hashemite Kingdom of Jordan                                              | CUSIP: N/A<br>LEI: 5493000JZ4MYPVMBVN50       | Long             | DBT              | NUSS              | JO        |     1000000 | PA      | $979070.00    | 0.03%             | 2032-11-12      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Trane Technologies plc                               | Trane Technologies plc                                                   | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       23022 | NS      | $9682592.76   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Financial Services Ltd.                          | Max Financial Services Ltd.                                              | CUSIP: N/A<br>LEI: 335800Y9FX8XGFB64S40       | Long             | EC               | CORP              | IN        |       63479 | NS      | $1113517.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $12641.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                            | Williams Cos., Inc. (The)                                                | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       34770 | NS      | $2338630.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                       | Rheinmetall AG                                                           | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |         553 | NS      | $1171722.75   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2609.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                           | Scout24 SE                                                               | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |         897 | NS      | $89306.50     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Victoria's Secret & Co.                              | Victoria's Secret & Co.                                                  | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |     1111000 | PA      | $1086382.68   | 0.04%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Getlink SE                                           | Getlink SE                                                               | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |        3617 | NS      | $71596.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Meridian Energy Ltd.                                 | Meridian Energy Ltd.                                                     | CUSIP: N/A<br>LEI: 254900IFKXIGNCY3A092       | Long             | EC               | CORP              | NZ        |       15850 | NS      | $53769.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Incora Intermediate LLC                              | Incora Intermediate LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         427 | NS      | $4620.14      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hermes International SCA                             | Hermes International SCA                                                 | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |         381 | NS      | $916685.87    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co.                                     | Weyerhaeuser Co.                                                         | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |        7896 | NS      | $203558.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Securities DAC                                  | Jazz Securities DAC                                                      | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |     1550000 | PA      | $1525072.88   | 0.05%             | 2029-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                            | China Hongqiao Group Ltd.                                                | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |      226000 | NS      | $1033649.88   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                      | Telefonaktiebolaget LM Ericsson, Class B                                 | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |       33628 | NS      | $364196.79    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings, Inc.                                | Resona Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               | CORP              | JP        |       24900 | NS      | $290337.39    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Alstom SA                                            | Alstom SA                                                                | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               | CORP              | FR        |        4164 | NS      | $132949.88    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1942.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                            | Bank Central Asia Tbk. PT                                                | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |     5122600 | NS      | $2263417.93   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                                            | Amundi SA                                                                | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |         737 | NS      | $65526.05     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co. Ltd.                  | Fuyao Glass Industry Group Co. Ltd., Class H                             | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |      128000 | NS      | $1097154.03   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hitachi Ltd.                                         | Hitachi Ltd.                                                             | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |       55000 | NS      | $1908507.48   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp.                                             | KT Corp.                                                                 | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |       11699 | NS      | $462854.85    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                       | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |      178859 | NS      | $2283684.06   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| UWM Holdings LLC                                     | UWM Holdings LLC                                                         | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1199000 | PA      | $1209352.17   | 0.04%             | 2030-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Travelers Cos., Inc. (The)                           | Travelers Cos., Inc. (The)                                               | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |        2571 | NS      | $731475.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                             | Enel SpA                                                                 | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |       97729 | NS      | $1079764.90   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd.                                         | Coforge Ltd.                                                             | CUSIP: N/A<br>LEI: 3358004YL9JGBNP4KF72       | Long             | EC               | CORP              | IN        |       28745 | NS      | $517291.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                         | Genpact Ltd.                                                             | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |       18473 | NS      | $814659.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7277.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital, Inc.                          | Mitsubishi HC Capital, Inc.                                              | CUSIP: N/A<br>LEI: 353800MZ3QX9RLMH7B09       | Long             | EC               | CORP              | JP        |       10600 | NS      | $92505.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eisai Co. Ltd.                                       | Eisai Co. Ltd.                                                           | CUSIP: N/A<br>LEI: 353800HDEE0ZYEX4QV91       | Long             | EC               | CORP              | JP        |        3200 | NS      | $89214.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $232848.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                           | Eiffage SA                                                               | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |         824 | NS      | $122205.27    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-30537.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                | Westpac Banking Corp.                                                    | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |       41098 | NS      | $1104266.47   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                          | Realtek Semiconductor Corp.                                              | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |       72000 | NS      | $1101585.20   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                         | Chipotle Mexican Grill, Inc., Class A                                    | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |        5698 | NS      | $221481.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental, Inc.                              | GFL Environmental, Inc.                                                  | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     1419000 | PA      | $1389948.05   | 0.05%             | 2029-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Novo Nordisk A/S                                     | Novo Nordisk A/S, Class B                                                | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |      105649 | NS      | $6273357.84   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                       | Air Liquide SA                                                           | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |        6952 | NS      | $1301848.50   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co. Ltd.                        | Japan Post Insurance Co. Ltd.                                            | CUSIP: N/A<br>LEI: 54930042SK2Z708BA841       | Long             | EC               | CORP              | JP        |        2200 | NS      | $68138.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                  | Exeter Automobile Receivables Trust, Series 2026-1A, Class C             | CUSIP: 30168HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      348000 | PA      | $348879.26    | 0.01%             | 2032-05-17      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Regency Centers Corp.                                | Regency Centers Corp.                                                    | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |       10171 | NS      | $741160.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co.                                          | Carvana Co.                                                              | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |        3475 | NS      | $1393857.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC                                                         | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      546000 | PA      | $437611.08    | 0.02%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| United Mexican States                                | Mex Bonos Desarr Fix Rt                                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |   278070000 | PA      | $15495282.09  | 0.54%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.                             | EquipmentShare.com, Inc., Class A                                        | CUSIP: 29445S100<br>LEI: 254900PWJK48CGPKPI80 | Long             | EC               | CORP              | US        |       13968 | NS      | $434404.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands plc                                  | Imperial Brands plc                                                      | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |        9196 | NS      | $387315.11    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Moran Foods LLC                                      | Moran Foods LLC, 1st Lien PIK Term Loan                                  | CUSIP: 61647DAT9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      970262 | PA      | $241110.08    | 0.01%             | 2026-06-30      | Variable      | 5.67%                 | No            |                  3 | On Loan: No      |
| NIDEC Corp.                                          | NIDEC Corp.                                                              | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               | CORP              | JP        |       10000 | NS      | $143047.62    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                  | Intesa Sanpaolo SpA                                                      | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | DBT              | CORP              | IT        |     1900000 | PA      | $2472421.49   | 0.09%             | 2031-08-29      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $666.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6655.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kennedy-Wilson, Inc.                                 | Kennedy-Wilson, Inc.                                                     | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |      398000 | PA      | $382517.80    | 0.01%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Kawasaki Heavy Industries Ltd.                       | Kawasaki Heavy Industries Ltd.                                           | CUSIP: N/A<br>LEI: 5493008FFSI8SQ74AT93       | Long             | EC               | CORP              | JP        |        1800 | NS      | $150257.23    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4662.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Brasil SA                            | Banco Santander Brasil SA                                                | CUSIP: N/A<br>LEI: 549300D1H731B30TSI43       | Long             | EC               | CORP              | BR        |      194878 | NS      | $1344548.04   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of the Philippines                          | Republic of Philippines                                                  | CUSIP: N/A<br>LEI: 529900RAHBALMYIJ3T08       | Long             | DBT              | NUSS              | PH        |    17710000 | PA      | $316056.66    | 0.01%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                               | Malaysia Government Bond                                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     7285000 | PA      | $1886513.77   | 0.07%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd.                           | Power Assets Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |       16500 | NS      | $127986.37    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd.                                     | Gold Fields Ltd.                                                         | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |       31039 | NS      | $1555674.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA                                 | Banco de Sabadell SA                                                     | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |       60242 | NS      | $236316.44    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                                | Mex Bonos Desarr Fix Rt                                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    22790000 | PA      | $1270411.83   | 0.04%             | 2032-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1315.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                            | Toyota Motor Credit Corp.                                                | CUSIP: 89236TNR2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |       47000 | PA      | $47255.02     | 0.00%             | 2028-09-05      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                            | Gjensidige Forsikring ASA                                                | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               | CORP              | NO        |        2391 | NS      | $68053.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1944.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBLOX Corp.                                         | ROBLOX Corp., Class A                                                    | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |       15301 | NS      | $1006193.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Securities Group, Inc.                         | Daiwa Securities Group, Inc.                                             | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |       16000 | NS      | $155910.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Performance Food Group Co.                           | Performance Food Group Co.                                               | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |       16696 | NS      | $1593633.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd.                              | Aristocrat Leisure Ltd.                                                  | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |        6671 | NS      | $247825.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvalent, Inc.                                       | Nuvalent, Inc., Class A                                                  | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        7545 | NS      | $776305.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                              | Veolia Environnement SA                                                  | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | DBT              | CORP              | FR        |      800000 | PA      | $954102.44    | 0.03%             | 2032-10-24      | Variable      | 4.32%                 | Yes           |                  2 | On Loan: No      |
| Wolters Kluwer NV                                    | Wolters Kluwer NV                                                        | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |        2794 | NS      | $262365.27    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                               | General Dynamics Corp.                                                   | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |        2167 | NS      | $760812.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Imola Merger Corp.                                   | Imola Merger Corp.                                                       | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1811000 | PA      | $1781891.62   | 0.06%             | 2029-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Shionogi & Co. Ltd.                                  | Shionogi & Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |        9100 | NS      | $187361.61    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                   | Crown Americas LLC                                                       | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |       96000 | PA      | $97944.38     | 0.00%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEA Group AG                                         | GEA Group AG                                                             | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |        1761 | NS      | $125916.53    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica SpA       | Recordati Industria Chimica e Farmaceutica SpA                           | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |        1375 | NS      | $75761.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                         | Wal-Mart de Mexico SAB de CV                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      308010 | NS      | $977468.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Duquesne Light Holdings, Inc.                        | Duquesne Light Holdings, Inc.                                            | CUSIP: 266233AG0<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |     2400000 | PA      | $2374534.66   | 0.08%             | 2027-08-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Deere & Co.                                          | Deere & Co.                                                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |        1573 | NS      | $830544.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                                         | Valaris Ltd.                                                             | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      845000 | PA      | $882948.95    | 0.03%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| China Shenhua Energy Co. Ltd.                        | China Shenhua Energy Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |      126500 | NS      | $696017.04    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Toho Co. Ltd.                                        | Toho Co. Ltd.                                                            | CUSIP: N/A<br>LEI: 529900IYHHYWU4O3H185       | Long             | EC               | CORP              | JP        |        1300 | NS      | $66167.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfa Laval AB                                        | Alfa Laval AB                                                            | CUSIP: N/A<br>LEI: 549300UCKT2UK88AG251       | Long             | EC               | CORP              | SE        |        3477 | NS      | $201395.82    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurofins Scientific SE                               | Eurofins Scientific SE                                                   | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | EC               | CORP              | LU        |        1416 | NS      | $114544.54    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co. Ltd.                                    | Shiseido Co. Ltd.                                                        | CUSIP: N/A<br>LEI: 5299008QCD0YDT5OF506       | Long             | EC               | CORP              | JP        |        4800 | NS      | $81982.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Display Corp.                              | Universal Display Corp.                                                  | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        2889 | NS      | $331714.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrellgas LP                                        | Ferrellgas LP                                                            | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1254000 | PA      | $1206291.95   | 0.04%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7477.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Income Fund                                 | JPMorgan Income Fund, Class R6                                           | CUSIP: 46637K216<br>LEI: 549300J9G10ZQTTAFU03 | Long             |  | RF                | US        |    13447238 | NS      | $115646245.82 | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco plc                                            | Tesco plc                                                                | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |       78105 | NS      | $454477.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1548.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nova Ltd.                                            | Nova Ltd.                                                                | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Long             | EC               | CORP              | IL        |         354 | NS      | $172803.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp.                                          | FANUC Corp.                                                              | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |       11200 | NS      | $449731.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                         | Iberdrola SA                                                             | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |       77282 | NS      | $1737511.99   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                          | Cie Financiere Richemont SA (Registered)                                 | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |        6459 | NS      | $1253754.61   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                                          | Randstad NV                                                              | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |        1298 | NS      | $46450.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                        | China Merchants Bank Co. Ltd., Class A                                   | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |      274700 | NS      | $1525271.41   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AddTech AB                                           | AddTech AB, Class B                                                      | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |        3108 | NS      | $100913.64    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                  | Sirius XM Radio LLC                                                      | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     1905000 | PA      | $1860841.45   | 0.06%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Kyocera Corp.                                        | Kyocera Corp.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       15400 | NS      | $231043.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Icahn Enterprises LP                                 | Icahn Enterprises LP                                                     | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       62000 | PA      | $60496.92     | 0.00%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| Coherent Corp.                                       | Coherent Corp.                                                           | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |      552000 | PA      | $549717.26    | 0.02%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-6378.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                          | Caesars Entertainment, Inc.                                              | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     1578000 | PA      | $1515451.55   | 0.05%             | 2029-10-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Knorr-Bremse AG                                      | Knorr-Bremse AG                                                          | CUSIP: N/A<br>LEI: 5299001GRRO0Z25YZT52       | Long             | EC               | CORP              | DE        |         867 | NS      | $100949.41    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB                                    | Industrivarden AB, Class C                                               | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |        1869 | NS      | $93569.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| N/A                                                  | EURO STOXX 50 Index                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        -468 | NC      | $-876307.54   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1968.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co. PJSC                              | ADNOC Drilling Co. PJSC                                                  | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |      364907 | NS      | $529599.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                               | Freeport-McMoRan, Inc.                                                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |       21316 | NS      | $1283862.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Davide Campari-Milano NV                             | Davide Campari-Milano NV                                                 | CUSIP: N/A<br>LEI: 213800ED5AN2J56N6Z02       | Long             | EC               | CORP              | NL        |        7361 | NS      | $52463.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Arbor Realty SR, Inc.                                | Arbor Realty SR, Inc.                                                    | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |      788000 | PA      | $722869.76    | 0.03%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Natera, Inc.                                         | Natera, Inc.                                                             | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |        7677 | NS      | $1774461.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners plc                   | Coca-Cola Europacific Partners plc                                       | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |        2497 | NS      | $228974.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                          | Toronto-Dominion Bank (The)                                              | CUSIP: 89114TZD7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      150000 | PA      | $148684.82    | 0.01%             | 2026-06-03      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                   | Southern Co. (The)                                                       | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       60626 | NS      | $5414508.06   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Axia Energia                                         | Axia Energia                                                             | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |      114976 | NS      | $1186080.86   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | S&P 500 E-Mini Index                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         952 | NC      | $2708635.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Directv Financing LLC                                | Directv Financing LLC                                                    | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1796000 | PA      | $1819464.38   | 0.06%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Celanese Corp.                                       | Celanese Corp.                                                           | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |       10219 | NS      | $454132.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  2568900000 | PA      | $547052.31    | 0.02%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                         | Mattel, Inc.                                                             | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |       22242 | NS      | $464635.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                                       | Commerzbank AG                                                           | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |        8806 | NS      | $361968.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                | Time Warner Cable LLC                                                    | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     2650000 | PA      | $2324127.94   | 0.08%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Snam SpA                                             | Snam SpA                                                                 | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |       24230 | NS      | $166525.23    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group plc                                         | 3i Group plc                                                             | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |       11936 | NS      | $548329.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                                          | Moncler SpA                                                              | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |        2807 | NS      | $163546.27    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co. Ltd.                              | Fast Retailing Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |        2300 | NS      | $877525.75    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                               | BP plc                                                                   | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |      189048 | NS      | $1198669.77   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Franc                                          | Swiss Franc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CH        |         564 | OU      | $729.33       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ontario Teachers' Finance Trust                      | Ontario Teachers' Finance Trust                                          | CUSIP: N/A<br>LEI: 635400ZZE5J8OXXBBY26       | Long             | DBT              | NUSS              | CA        |     2955000 | PA      | $3331785.69   | 0.12%             | 2028-05-19      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| Associated British Foods plc                         | Associated British Foods plc                                             | CUSIP: N/A<br>LEI: GBQKSY6W7G0OHCQ8OQ72       | Long             | EC               | CORP              | GB        |        3871 | NS      | $101165.85    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Income ETF                                  | JPMorgan Income ETF                                                      | CUSIP: 46641Q159<br>LEI: 549300CYQ8KHPO2GR356 | Long             |  | RF                | US        |     2095298 | NS      | $97399927.53  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                                            | Orkla ASA                                                                | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |        8382 | NS      | $99732.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Chemicals & Fibre Corp.                      | Formosa Chemicals & Fibre Corp.                                          | CUSIP: N/A<br>LEI: 254900OJX8UZOAIVSU82       | Long             | EC               | CORP              | TW        |      614000 | NS      | $821945.72    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-Buxl 30 Year Bond                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         -82 | NC      | $76964.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | XAK Technology Equity Index                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         256 | NC      | $-294876.12   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Telecommunications Ltd.                    | Singapore Telecommunications Ltd.                                        | CUSIP: N/A<br>LEI: 2549003XJKIQO8YDYD89       | Long             | EC               | CORP              | SG        |       89300 | NS      | $322256.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Progress Residential Trust                           | Progress Residential Trust, Series 2025-SFR3, Class A                    | CUSIP: 74334BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1295000 | PA      | $1233066.63   | 0.04%             | 2042-07-17      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Advantage Sales & Marketing, Inc.                    | Advantage Sales & Marketing, Inc.                                        | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |      730000 | PA      | $619040.00    | 0.02%             | 2028-11-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Ryder System, Inc.                                   | Ryder System, Inc.                                                       | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |        7856 | NS      | $1502695.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zensho Holdings Co. Ltd.                             | Zensho Holdings Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 353800DYF3UDM49ITT03       | Long             | EC               | CORP              | JP        |        1200 | NS      | $65036.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Renault SA                                           | Renault SA                                                               | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |        2298 | NS      | $86725.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global, Inc.                                | Coinbase Global, Inc.                                                    | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     1345000 | PA      | $1284194.57   | 0.04%             | 2028-10-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| EDP SA                                               | EDP SA                                                                   | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | EC               | CORP              | PT        |       37706 | NS      | $192807.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                                 | ASM International NV                                                     | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |         563 | NS      | $472826.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                             | CUSIP: 225401BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      548000 | PA      | $545275.25    | 0.02%             | 2031-09-23      | Variable      | 4.40%                 | Yes           |                  2 | On Loan: No      |
| LyondellBasell Industries NV                         | LyondellBasell Industries NV, Class A                                    | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |        9784 | NS      | $479416.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of India                                    | Republic of India                                                        | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   149280000 | PA      | $1610167.39   | 0.06%             | 2053-06-19      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Hikari Tsushin, Inc.                                 | Hikari Tsushin, Inc.                                                     | CUSIP: N/A<br>LEI: 3538001SOIIV8U3OXH94       | Long             | EC               | CORP              | JP        |         200 | NS      | $55236.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TIS, Inc.                                            | TIS, Inc.                                                                | CUSIP: N/A<br>LEI: 35380064HYEZXBQHDF07       | Long             | EC               | CORP              | JP        |        2600 | NS      | $75656.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                  | Intesa Sanpaolo SpA                                                      | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | DBT              | CORP              | IT        |      400000 | PA      | $502316.24    | 0.02%             | 2033-05-26      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Chiba Bank Ltd. (The)                                | Chiba Bank Ltd. (The)                                                    | CUSIP: N/A<br>LEI: FGJPAKKCTZVSKZXNBS63       | Long             | EC               | CORP              | JP        |        6800 | NS      | $92063.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                           | Legrand SA                                                               | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |        3151 | NS      | $503082.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd.                            | Israel Discount Bank Ltd., Class A                                       | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |       14701 | NS      | $173197.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co. AB                                         | Telia Co. AB                                                             | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |       28349 | NS      | $129511.33    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                           | Vonovia SE                                                               | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | DBT              | CORP              | DE        |     1200000 | PA      | $1303902.56   | 0.05%             | 2030-07-09      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Sodexo SA                                            | Sodexo SA                                                                | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |        1058 | NS      | $54054.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chinese Renminbi (Yuan)                              | Chinese Renminbi (Yuan)                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |          23 | OU      | $3.33         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Computershare Ltd.                                   | Computershare Ltd.                                                       | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |        6242 | NS      | $141759.39    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Traton Finance Luxembourg SA                         | Traton Finance Luxembourg SA                                             | CUSIP: N/A<br>LEI: 529900BRKIE6LKIEXD84       | Long             | DBT              | CORP              | LU        |     2100000 | PA      | $2545581.40   | 0.09%             | 2030-03-27      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TD SYNNEX Corp.                                      | TD SYNNEX Corp.                                                          | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |       16382 | NS      | $2599331.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-10671.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Capital America                              | Hyundai Capital America                                                  | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |       71000 | PA      | $71194.97     | 0.00%             | 2027-09-24      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Federal Republic of Germany                          | Bundesrepublik Deutschland                                               | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |     7835000 | PA      | $9128675.17   | 0.32%             | 2035-08-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| Chemours Co. (The)                                   | Chemours Co. (The)                                                       | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |       54000 | PA      | $50354.53     | 0.00%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC                             | Celanese US Holdings LLC                                                 | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      879000 | PA      | $922758.38    | 0.03%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BioMerieux                                           | BioMerieux                                                               | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |         495 | NS      | $57482.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbia Sportswear Co.                              | Columbia Sportswear Co.                                                  | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |        5522 | NS      | $305256.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                            | Fresenius Medical Care AG                                                | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |        2644 | NS      | $119030.29    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 10 Year Note                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -492 | NC      | $365689.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $35246.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vail Resorts, Inc.                                   | Vail Resorts, Inc.                                                       | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |      228000 | PA      | $231562.50    | 0.01%             | 2030-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2409.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japanese Yen                                         | Japanese Yen                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |    26271961 | OU      | $169759.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $665.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3556.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group plc                                   | Intertek Group plc                                                       | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |        1855 | NS      | $113799.94    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesfarmers Ltd.                                      | Wesfarmers Ltd.                                                          | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |       13635 | NS      | $786556.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sealed Air Corp.                                     | Sealed Air Corp.                                                         | CUSIP: 812127AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1136000 | PA      | $1152955.94   | 0.04%             | 2028-02-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4067.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                       | AutoZone, Inc.                                                           | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        1456 | NS      | $5393446.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2693.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group Trust 1                                | Scentre Group Trust 1                                                    | CUSIP: 80622GAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |      200000 | PA      | $199355.23    | 0.01%             | 2027-03-23      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                        | Freedom Mortgage Holdings LLC                                            | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      464000 | PA      | $485750.00    | 0.02%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Washington H Soul Pattinson & Co. Ltd.               | Washington H Soul Pattinson & Co. Ltd.                                   | CUSIP: N/A<br>LEI: 254900CV4BQYQLH2KI62       | Long             | EC               | CORP              | AU        |        4103 | NS      | $109852.12    | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Japan Tobacco, Inc.                                  | Japan Tobacco, Inc.                                                      | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |       14400 | NS      | $520440.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Turkiye (The)                            | Republic of Turkiye (The)                                                | CUSIP: 900123DT4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1554000 | PA      | $1538460.00   | 0.05%             | 2033-03-14      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Financiere de Tubize SA                              | Financiere de Tubize SA                                                  | CUSIP: N/A<br>LEI: 549300I1MGC0OK6W8828       | Long             | EC               | CORP              | BE        |         241 | NS      | $61476.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                      | TransDigm, Inc.                                                          | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      850000 | PA      | $864304.65    | 0.03%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Nexi SpA                                             | Nexi SpA                                                                 | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |        6340 | NS      | $27068.42     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: —       |
| Avantor Funding, Inc.                                | Avantor Funding, Inc.                                                    | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     1159000 | PA      | $1150080.80   | 0.04%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  3332300000 | PA      | $746324.01    | 0.03%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SMC Corp.                                            | SMC Corp.                                                                | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |         700 | NS      | $272139.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                             | Darden Restaurants, Inc.                                                 | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       13073 | NS      | $2606102.55   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8824.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Infratil Ltd.                                        | Infratil Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |       11159 | NS      | $74232.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresnillo plc                                        | Fresnillo plc                                                            | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |        2651 | NS      | $130552.63    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                    | Republic of India                                                        | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   262610000 | PA      | $2917884.80   | 0.10%             | 2034-04-08      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3114.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Williams Scotsman, Inc.                              | Williams Scotsman, Inc.                                                  | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     1342000 | PA      | $1336990.72   | 0.05%             | 2028-08-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Peruvian New Sol                                     | Peruvian New Sol                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | PE        |          -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                                            | Gecina SA                                                                | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |         551 | NS      | $50610.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kajima Corp.                                         | Kajima Corp.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        5100 | NS      | $208058.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Uniti Group LP                                       | Uniti Group LP                                                           | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      626000 | PA      | $624639.45    | 0.02%             | 2028-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Moran Foods LLC                                      | Moran Foods LLC, 2nd Lien PIK Term Loan                                  | CUSIP: 61647DAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      351798 | PA      | $0.00         | 0.00%             | 2026-06-30      | Variable      | 5.67%                 | No            |                  3 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-42612.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                | Tencent Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |      228100 | NS      | $17532178.41  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Staples, Inc.                                        | Staples, Inc.                                                            | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     1996000 | PA      | $1961334.47   | 0.07%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Arab Republic of Egypt                               | Arab Republic of Egypt                                                   | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | EG        |      480000 | PA      | $463764.00    | 0.02%             | 2047-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| B&G Foods, Inc.                                      | B&G Foods, Inc.                                                          | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     1212000 | PA      | $1143829.97   | 0.04%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| UniCredit SpA                                        | UniCredit SpA                                                            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | DBT              | CORP              | IT        |      600000 | PA      | $763839.54    | 0.03%             | 2031-12-03      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Hoya Corp.                                           | Hoya Corp.                                                               | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |        4100 | NS      | $687799.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Czech Republic                                       | Czech Republic                                                           | CUSIP: N/A<br>LEI: 3157007EFDLQABN47912       | Long             | DBT              | NUSS              | CZ        |    80650000 | PA      | $4024811.34   | 0.14%             | 2032-11-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                      | Live Nation Entertainment, Inc.                                          | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |        3293 | NS      | $478966.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                       | Broadcom, Inc.                                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       57984 | NS      | $19210099.20  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                        | UniCredit SpA                                                            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | DBT              | CORP              | IT        |     2050000 | PA      | $2512051.51   | 0.09%             | 2029-02-16      | Variable      | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Canadian Dollar                                      | Canadian Dollar                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |      173062 | OU      | $127097.54    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3152.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                   | Energy Transfer LP                                                       | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      450000 | PA      | $465007.05    | 0.02%             | 2054-10-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Kyowa Kirin Co. Ltd.                                 | Kyowa Kirin Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 529900TBXKVTQGYA3582       | Long             | EC               | CORP              | JP        |        2800 | NS      | $45455.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gap, Inc. (The)                                      | Gap, Inc. (The)                                                          | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |       43300 | NS      | $1211534.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG                                     | DSM-Firmenich AG                                                         | CUSIP: N/A<br>LEI: 506700G44V67MPM4BI12       | Long             | EC               | CORP              | CH        |        2075 | NS      | $163621.23    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Roper Technologies, Inc.                             | Roper Technologies, Inc.                                                 | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |        4240 | NS      | $1574015.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co. Ltd.                           | Samsung Biologics Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |         663 | NS      | $801241.79    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                  | Societe Generale SA                                                      | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |        8491 | NS      | $744062.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $246571.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                           | Arca Continental SAB de CV                                               | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |       73391 | NS      | $826677.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Gas Co. Ltd.                                   | Osaka Gas Co. Ltd.                                                       | CUSIP: N/A<br>LEI: 353800024KMNOPQRWZ02       | Long             | EC               | CORP              | JP        |        4300 | NS      | $161433.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 10 Year Note                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         318 | NC      | $44283.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersen Group, Inc.                                 | Andersen Group, Inc., Class A                                            | CUSIP: 033853102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        4903 | NS      | $110072.35    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Sumitomo Electric Industries Ltd.                    | Sumitomo Electric Industries Ltd.                                        | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |        8600 | NS      | $376504.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp.                               | Freedom Mortgage Corp.                                                   | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |       94000 | PA      | $103623.63    | 0.00%             | 2030-10-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| ABB Ltd.                                             | ABB Ltd. (Registered)                                                    | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |       18833 | NS      | $1621485.38   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Scripps Escrow II, Inc.                              | Scripps Escrow II, Inc.                                                  | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1292000 | PA      | $1192392.74   | 0.04%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| London Stock Exchange Group plc                      | London Stock Exchange Group plc                                          | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |        5614 | NS      | $626197.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems plc                                      | BAE Systems plc                                                          | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |       36123 | NS      | $980629.07    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                      | Danske Bank A/S                                                          | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |        8027 | NS      | $408959.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Metro Co. Ltd.                                 | Tokyo Metro Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 35380049N9IQPZ74JY58       | Long             | EC               | CORP              | JP        |        3500 | NS      | $37372.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Bussan Co. Ltd.                                 | Kobe Bussan Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 353800CJIFNHN2DXRD59       | Long             | EC               | CORP              | JP        |        1800 | NS      | $43991.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd.                         | Northern Star Resources Ltd.                                             | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |       16332 | NS      | $300236.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                          | Investor AB, Class B                                                     | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |       21892 | NS      | $844148.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alaska Air Group, Inc.                               | Alaska Air Group, Inc.                                                   | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |       16815 | NS      | $854706.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd.                                  | Teck Resources Ltd., Class B                                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |       26905 | NS      | $1446412.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Absa Group Ltd.                                      | Absa Group Ltd.                                                          | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |       98289 | NS      | $1548795.37   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp.                                            | Kao Corp.                                                                | CUSIP: N/A<br>LEI: 353800HM38HFCB8RGL63       | Long             | EC               | CORP              | JP        |        5600 | NS      | $224013.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| International Paper Co.                              | International Paper Co.                                                  | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |        5417 | NS      | $218413.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-70224.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                 | Meta Platforms, Inc., Class A                                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       40733 | NS      | $29185194.50  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Tsusho Corp.                                  | Toyota Tsusho Corp.                                                      | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |        8300 | NS      | $302279.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co. Ltd.                            | Sieyuan Electric Co. Ltd., Class A                                       | CUSIP: N/A<br>LEI: 836800H6UQQUWN4PSZ32       | Long             | EC               | CORP              | CN        |       35700 | NS      | $948099.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Medtronic plc                                        | Medtronic plc                                                            | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |       64957 | NS      | $6687972.72   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                        | Koninklijke Ahold Delhaize NV                                            | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |       10777 | NS      | $421382.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $15071.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $21900.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury Long Bond                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |           9 | NC      | $-19632.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB                                              | Saab AB, Class B                                                         | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |        3841 | NS      | $299685.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Capital One Financial Corp.                          | Capital One Financial Corp.                                              | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |        7115 | NS      | $1557686.95   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.                  | Teva Pharmaceutical Industries Ltd.                                      | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |       13780 | NS      | $469622.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC Financial Holding Co. Ltd.                      | CTBC Financial Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |      792000 | NS      | $1276027.32   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BWX Technologies, Inc.                               | BWX Technologies, Inc.                                                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |        8839 | NS      | $1815795.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp.                              | FUJIFILM Holdings Corp.                                                  | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |       13400 | NS      | $267668.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial                      | Credit Industriel et Commercial                                          | CUSIP: 22536MEC8<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | FR        |      186000 | PA      | $184025.76    | 0.01%             | 2026-05-12      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| East Japan Railway Co.                               | East Japan Railway Co.                                                   | CUSIP: N/A<br>LEI: 353800SENYJ2DSM6PS44       | Long             | EC               | CORP              | JP        |       11600 | NS      | $291209.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hunt Cos., Inc.                                      | Hunt Cos., Inc.                                                          | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |     1079000 | PA      | $1053239.63   | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Wayfair LLC                                          | Wayfair LLC                                                              | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |       93000 | PA      | $98870.16     | 0.00%             | 2030-09-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| elf Beauty, Inc.                                     | elf Beauty, Inc.                                                         | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |        2184 | NS      | $185618.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7343.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Blue Star Ltd.                                       | Blue Star Ltd.                                                           | CUSIP: N/A<br>LEI: 335800CWJUVEKQ1TE879       | Long             | EC               | CORP              | IN        |       33303 | NS      | $660212.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                            | Argenx SE                                                                | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |         543 | NS      | $456647.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of El Salvador                              | Republic of El Salvador                                                  | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      267000 | PA      | $276211.50    | 0.01%             | 2035-06-15      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Canada 5 Year Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | CA        |          63 | NC      | $-23785.09    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3756.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                | Directv Financing LLC                                                    | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      590000 | PA      | $592873.89    | 0.02%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                  | GS Mortgage-Backed Securities Trust, Series 2025-RPL3, Class A1          | CUSIP: 362963AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      250770 | PA      | $245903.32    | 0.01%             | 2065-07-25      | Variable      | 4.10%                 | Yes           |                  2 | On Loan: No      |
| TTM Technologies, Inc.                               | TTM Technologies, Inc.                                                   | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |     1021000 | PA      | $991776.22    | 0.03%             | 2029-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Southern Power Co.                                   | Southern Power Co., Series B                                             | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |      370000 | PA      | $363531.86    | 0.01%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1577.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $10012.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                             | Yum China Holdings, Inc.                                                 | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |       81423 | NS      | $4023924.66   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot, Inc.                                        | HubSpot, Inc.                                                            | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |        2768 | NS      | $775040.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                                            | Alstom SA                                                                | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | DBT              | CORP              | FR        |      200000 | PA      | $229108.34    | 0.01%             | 2027-07-27      | Fixed         | 0.12%                 | Yes           |                  2 | On Loan: No      |
| Nokia OYJ                                            | Nokia OYJ                                                                | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |       63648 | NS      | $409951.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $13916.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Group Holdings plc                           | Phoenix Group Holdings plc                                               | CUSIP: N/A<br>LEI: 2138001P49OLAEU33T68       | Long             | EC               | CORP              | GB        |        8397 | NS      | $85109.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP Renovaveis SA                                    | EDP Renovaveis SA                                                        | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               | CORP              | ES        |        3772 | NS      | $57301.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Swisscom AG                                          | Swisscom AG (Registered)                                                 | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |         311 | NS      | $255356.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Sekisui House Ltd.                                   | Sekisui House Ltd.                                                       | CUSIP: N/A<br>LEI: 529900GMNDOYQSAJAE76       | Long             | EC               | CORP              | JP        |        7200 | NS      | $160464.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                      | ASML Holding NV                                                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |        9842 | NS      | $14112503.22  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Navient Corp.                                        | Navient Corp.                                                            | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |       97000 | PA      | $104463.67    | 0.00%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-BTP                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |          21 | NC      | $18555.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Moran Foods LLC                                      | Moran Foods LLC, 1st Lien Super Senior Delayed Draw Term Loan            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       28677 | PA      | $27242.74     | 0.00%             | 2026-06-30      | Variable      | 15.44%                | No            |                  3 | On Loan: No      |
| N/A                                                  | DJ US Real Estate Index                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -1132 | NC      | $-852209.60   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.                    | Philip Morris International, Inc.                                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       20434 | NS      | $3666676.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Group plc (The)                                 | Sage Group plc (The)                                                     | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |       11606 | NS      | $152191.86    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd.                                  | Qantas Airways Ltd.                                                      | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |        8866 | NS      | $61987.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| APR Corp.                                            | APR Corp.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        4966 | NS      | $931513.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc.                            | Darling Ingredients, Inc.                                                | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     1297000 | PA      | $1314270.85   | 0.05%             | 2030-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Leonardo SpA                                         | Leonardo SpA                                                             | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |        4863 | NS      | $324977.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp.                                         | Kubota Corp.                                                             | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |       11800 | NS      | $180795.67    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                               | AP Moller - Maersk A/S, Class A                                          | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |          35 | NS      | $85825.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $42606.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER Banca SpA                                       | BPER Banca SpA                                                           | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |       17702 | NS      | $249305.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Okta, Inc.                                           | Okta, Inc.                                                               | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |        3481 | NS      | $294074.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                             | Trinity Industries, Inc.                                                 | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |     1023000 | PA      | $1055951.85   | 0.04%             | 2028-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Rentokil Initial plc                                 | Rentokil Initial plc                                                     | CUSIP: N/A<br>LEI: 549300VN4WV7Z6T14K68       | Long             | EC               | CORP              | GB        |       30290 | NS      | $188004.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     3895000 | PA      | $829776.96    | 0.03%             | 2030-10-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.                        | Alnylam Pharmaceuticals, Inc.                                            | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |        4815 | NS      | $1627758.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Investment AB Latour                                 | Investment AB Latour, Class B                                            | CUSIP: N/A<br>LEI: 5493006GFBLNB3Y0Y789       | Long             | EC               | CORP              | SE        |        1770 | NS      | $44076.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                              | DBS Group Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |      127220 | NS      | $5913485.14   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Mohegan Tribal Gaming Authority                      | Mohegan Tribal Gaming Authority                                          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1119000 | PA      | $1166725.35   | 0.04%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Kuehne + Nagel International AG                      | Kuehne + Nagel International AG (Registered)                             | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |         578 | NS      | $133843.02    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                        | Al Rajhi Bank                                                            | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      107551 | NS      | $3071259.84   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury Ultra Bond                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -176 | NC      | $245105.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Midcap Financial Issuer Trust                        | Midcap Financial Issuer Trust                                            | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1303000 | PA      | $1305435.31   | 0.05%             | 2028-05-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Viking Cruises Ltd.                                  | Viking Cruises Ltd.                                                      | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     1025000 | PA      | $1029132.80   | 0.04%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4968.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                          | Reckitt Benckiser Group plc                                              | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |        8112 | NS      | $676215.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon, Inc.                                          | Canon, Inc.                                                              | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |       10400 | NS      | $316564.39    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kikkoman Corp.                                       | Kikkoman Corp.                                                           | CUSIP: N/A<br>LEI: 529900T9K5UH9HXOND47       | Long             | EC               | CORP              | JP        |        8200 | NS      | $74173.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                            | Avolta AG                                                                | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |        1051 | NS      | $64343.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                                         | ITOCHU Corp.                                                             | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |       71500 | NS      | $915384.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                                | Mex Bonos Desarr Fix Rt                                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    22990000 | PA      | $1143643.18   | 0.04%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper, Inc.                               | Keurig Dr Pepper, Inc.                                                   | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |        8988 | NS      | $246630.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG                          | Bayerische Motoren Werke AG (Preference)                                 | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |         657 | NS      | $67766.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group plc                                   | Kingspan Group plc                                                       | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |        1850 | NS      | $161088.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                        | NetEase, Inc.                                                            | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |       96700 | NS      | $2507439.17   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                  | Intesa Sanpaolo SpA                                                      | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |      171141 | NS      | $1211574.19   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes, Inc.                               | Invitation Homes, Inc.                                                   | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       11869 | NS      | $317258.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | XAE Energy Index                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -139 | NC      | $-1188410.78  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                            | MGM Resorts International                                                | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |       32000 | PA      | $32729.76     | 0.00%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd.                              | Arch Capital Group Ltd.                                                  | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |        3296 | NS      | $316547.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                   | CUSIP: 853254CW8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      250000 | PA      | $256432.50    | 0.01%             | 2028-02-08      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GoDaddy, Inc.                                        | GoDaddy, Inc., Class A                                                   | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |        2601 | NS      | $261452.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| M3, Inc.                                             | M3, Inc.                                                                 | CUSIP: N/A<br>LEI: 3538001UOKRWIODYM055       | Long             | EC               | CORP              | JP        |        5300 | NS      | $65396.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Insurance Australia Group Ltd.                       | Insurance Australia Group Ltd.                                           | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |       28421 | NS      | $149839.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                      | ASE Technology Holding Co. Ltd.                                          | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |      178000 | NS      | $1654885.55   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawasaki Kisen Kaisha Ltd.                           | Kawasaki Kisen Kaisha Ltd.                                               | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |        4200 | NS      | $60690.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Financial Group Co. Ltd.                          | JB Financial Group Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       47844 | NS      | $834771.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy, Inc.                                    | Xcel Energy, Inc.                                                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |        9805 | NS      | $745768.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hungary                                              | Hungary Government Bond                                                  | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |  2660520000 | PA      | $8505627.61   | 0.30%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                     | Bonos de la Tesoreria                                                    | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     2234000 | PA      | $714036.68    | 0.02%             | 2035-08-12      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Midea Group Co. Ltd.                                 | Midea Group Co. Ltd., Class A                                            | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |      114500 | NS      | $1276595.26   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd.                           | Woodside Energy Group Ltd.                                               | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |       22843 | NS      | $403327.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV                                   | Regional SAB de CV                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      129302 | NS      | $1159619.05   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel, Inc.                                          | Hugel, Inc.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        2488 | NS      | $475445.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                       | BHP Group Ltd.                                                           | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |       61027 | NS      | $2101914.17   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 2 Year Note                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         350 | NC      | $55172.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Corp.                                         | Otsuka Corp.                                                             | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |        2700 | NS      | $53531.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunoco LP                                            | Sunoco LP                                                                | CUSIP: 86765KAK5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      472000 | PA      | $460236.67    | 0.02%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                | Sumitomo Mitsui Financial Group, Inc.                                    | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |       44000 | NS      | $1548379.85   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp.                                   | Nippon Steel Corp.                                                       | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |       58000 | NS      | $241689.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Paint Holdings Co. Ltd.                       | Nippon Paint Holdings Co. Ltd.                                           | CUSIP: N/A<br>LEI: 529900RYRJUN78A7PL87       | Long             | EC               | CORP              | JP        |       11400 | NS      | $75696.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                              | Elite Material Co. Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       21000 | NS      | $1139093.46   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| US Acute Care Solutions LLC                          | US Acute Care Solutions LLC                                              | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       10000 | PA      | $10043.79     | 0.00%             | 2029-05-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                                | Avantor Funding, Inc.                                                    | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |       29000 | PA      | $27846.93     | 0.00%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust        | Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class C    | CUSIP: 107927AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      364000 | PA      | $364537.81    | 0.01%             | 2031-11-17      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Kansai Electric Power Co., Inc. (The)                | Kansai Electric Power Co., Inc. (The)                                    | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |       11400 | NS      | $181886.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                       | MediaTek, Inc.                                                           | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |       12000 | NS      | $665646.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                      | Nissan Motor Acceptance Co. LLC                                          | CUSIP: 654740BT5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     1630000 | PA      | $1550586.09   | 0.05%             | 2028-03-09      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: —       |
| Hong Kong Exchanges & Clearing Ltd.                  | Hong Kong Exchanges & Clearing Ltd.                                      | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |       74300 | NS      | $4096241.65   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Gen Digital, Inc.                                    | Gen Digital, Inc.                                                        | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     1468000 | PA      | $1480266.27   | 0.05%             | 2027-09-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Credicorp Ltd.                                       | Credicorp Ltd.                                                           | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |         490 | NS      | $174846.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloud Software Group, Inc.                           | Cloud Software Group, Inc.                                               | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     1397000 | PA      | $1410650.49   | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                      | CHL Mortgage Pass-Through Trust, Series 2007-10, Class A4                | CUSIP: 12545CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           1 | PA      | $0.47         | 0.00%             | 2037-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Utilities Group plc                           | United Utilities Group plc                                               | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |        8193 | NS      | $140309.53    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxam Prill Sarl                                     | Maxam Prill SARL                                                         | CUSIP: N/A<br>LEI: 984500C4C5B820A6B691       | Long             | DBT              | CORP              | LU        |      245000 | PA      | $301481.11    | 0.01%             | 2030-07-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sierra Timeshare Receivables Funding LLC             | Sierra Timeshare Receivables Funding LLC, Series 2025-2A, Class A        | CUSIP: 82653HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      186265 | PA      | $187276.04    | 0.01%             | 2044-04-20      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| STMicroelectronics NV                                | STMicroelectronics NV                                                    | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | NL        |        8136 | NS      | $229744.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Minsheng Banking Corp. Ltd.                    | China Minsheng Banking Corp. Ltd., Class H                               | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94       | Long             | EC               | CORP              | CN        |     1494500 | NS      | $743622.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co. Ltd.                                    | Nintendo Co. Ltd.                                                        | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |       13300 | NS      | $823609.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ulta Beauty, Inc.                                    | Ulta Beauty, Inc.                                                        | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        2991 | NS      | $1936253.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties, Inc.                            | Millrose Properties, Inc.                                                | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      788000 | PA      | $804299.78    | 0.03%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Public Service Enterprise Group, Inc.                | Public Service Enterprise Group, Inc.                                    | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |        3364 | NS      | $277059.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarios Global LP                                    | Clarios Global LP                                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       34000 | PA      | $35568.45     | 0.00%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                  | GS Mortgage-Backed Securities Trust, Series 2026-CES1, Class A1          | CUSIP: 36277LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      293806 | PA      | $293967.01    | 0.01%             | 2056-05-25      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC                                | Directv Financing LLC                                                    | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      560000 | PA      | $567005.04    | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Elia Group SA/NV                                     | Elia Group SA/NV                                                         | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |         523 | NS      | $75720.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                               | SAP SE                                                                   | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |       12547 | NS      | $2506494.68   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd.                           | CK Hutchison Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |       24888 | NS      | $200679.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                  | Expedia Group, Inc.                                                      | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        9167 | NS      | $2427788.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombian Peso                                       | Colombian Peso                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CO        |       11769 | OU      | $3.18         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreLogic, Inc.                                      | CoreLogic, Inc.                                                          | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |     1156000 | PA      | $1134409.62   | 0.04%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1409.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo plc                                           | Diageo plc                                                               | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |       26752 | NS      | $615571.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Gap, Inc. (The)                                      | Gap, Inc. (The)                                                          | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     1178000 | PA      | $1120351.15   | 0.04%             | 2029-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Netflix, Inc.                                        | Netflix, Inc.                                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       41850 | NS      | $3494056.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                       | Alphabet, Inc.                                                           | CUSIP: 02079KBE6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      805000 | PA      | $926613.00    | 0.03%             | 2038-11-06      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hong Kong Dollar                                     | Hong Kong Dollar                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |           0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federative Republic of Brazil                        | Notas do Tesouro Nacional                                                | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     6855000 | PA      | $1175029.80   | 0.04%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Hungary                                              | Hungary Government Bond                                                  | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |   258870000 | PA      | $616280.58    | 0.02%             | 2033-04-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Monday.com Ltd.                                      | Monday.com Ltd.                                                          | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |         519 | NS      | $59555.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1133.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2347.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Long Gilt                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        1101 | NC      | $-330101.17   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Israeli Shekel                                       | Israeli Shekel                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IL        |        1861 | OU      | $600.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Small Cap Equity Fund                       | JPMorgan Small Cap Equity Fund, Class R6                                 | CUSIP: 48127B862<br>LEI: 549300RO68EY7ZS30I29 | Long             |  | RF                | US        |      931339 | NS      | $43903330.27  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co.                             | Arthur J Gallagher & Co.                                                 | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |        7355 | NS      | $1834116.35   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co., Inc.                       | Chubu Electric Power Co., Inc.                                           | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |        8200 | NS      | $119134.56    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp.                                            | NEC Corp.                                                                | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |       15600 | NS      | $528834.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                                           | US Bancorp                                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      134340 | NS      | $7537817.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                                 | Dassault Systemes SE                                                     | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |        8060 | NS      | $221688.86    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp.                                        | Olympus Corp.                                                            | CUSIP: N/A<br>LEI: 5299000Y52IFDI1I2A21       | Long             | EC               | CORP              | JP        |       13700 | NS      | $163639.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1462.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADT Security Corp. (The)                             | ADT Security Corp. (The)                                                 | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |      280000 | PA      | $272799.30    | 0.01%             | 2029-08-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Axalta Coating Systems LLC                           | Axalta Coating Systems LLC                                               | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      399000 | PA      | $398193.41    | 0.01%             | 2027-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands, Inc.                                  | Newell Brands, Inc.                                                      | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     1068000 | PA      | $1119739.26   | 0.04%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                    | Wells Fargo & Co.                                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      118271 | NS      | $10702342.79  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of India                                    | Republic of India                                                        | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   375600000 | PA      | $4171911.85   | 0.14%             | 2031-06-18      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| New Taiwan Dollar                                    | New Taiwan Dollar                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |      274920 | OU      | $8735.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Mexican States                                | Mex Bonos Desarr Fix Rt                                                  | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    40182000 | PA      | $2336327.85   | 0.08%             | 2029-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JFE Holdings, Inc.                                   | JFE Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: 3538002Y11Y03NA9B530       | Long             | EC               | CORP              | JP        |        6900 | NS      | $92895.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                  | Medline Borrower LP                                                      | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2482000 | PA      | $2561698.63   | 0.09%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Euro-Bund                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         128 | NC      | $15718.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axia Energia                                         | Axia Energia (Preference)                                                | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |       23863 | NS      | $240455.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa AG                                | Deutsche Lufthansa AG (Registered)                                       | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |        7164 | NS      | $73799.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LY Corp.                                             | LY Corp.                                                                 | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |       33100 | NS      | $84749.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Taisei Corp.                                         | Taisei Corp.                                                             | CUSIP: N/A<br>LEI: 529900TF7XJKIOWMLQ79       | Long             | EC               | CORP              | JP        |        1800 | NS      | $179546.71    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2247.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7553.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $6225.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO Express Cayman, Inc.                             | ZTO Express Cayman, Inc.                                                 | CUSIP: N/A<br>LEI: 549300SCJPK3YZJTJR78       | Long             | EC               | CORP              | KY        |       27900 | NS      | $616036.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC                       | Park Intermediate Holdings LLC                                           | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1458000 | PA      | $1458014.58   | 0.05%             | 2028-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Talanx AG                                            | Talanx AG                                                                | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |         776 | NS      | $97877.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Foreign Exchange JPY/USD                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         356 | NC      | $122143.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV            | Grupo Aeroportuario del Sureste SAB de CV                                | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |        3411 | NS      | $1177238.43   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Godrej Consumer Products Ltd.                        | Godrej Consumer Products Ltd.                                            | CUSIP: N/A<br>LEI: 335800P4GUWLGZFK2D63       | Long             | EC               | CORP              | IN        |       58852 | NS      | $738962.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC              | Mercedes-Benz Finance North America LLC                                  | CUSIP: 58769JAZ0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |      250000 | PA      | $254204.33    | 0.01%             | 2027-11-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                  | Cisco Systems, Inc.                                                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |        6146 | NS      | $481354.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                 | Mitsubishi UFJ Financial Group, Inc.                                     | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |      398900 | NS      | $7224226.05   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                       | OTP Bank Nyrt.                                                           | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |       20191 | NS      | $2540674.86   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                             | CUSIP: 902613BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     1280000 | PA      | $1280573.77   | 0.04%             | 2033-11-06      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Ltd.                     | Mitsubishi Heavy Industries Ltd.                                         | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |       38500 | NS      | $1133591.66   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                        | Stellantis NV                                                            | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |       24178 | NS      | $237245.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Generali                                             | Generali                                                                 | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |       10242 | NS      | $417775.55    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                                    | Republic of Chile                                                        | CUSIP: N/A<br>LEI: 549300FLZTJM5YJF8D34       | Long             | DBT              | NUSS              | CL        |      483000 | PA      | $584833.32    | 0.02%             | 2032-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp                                     | Wartsila OYJ Abp                                                         | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |        6044 | NS      | $245024.13    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui Chemical Co. Ltd.                            | Sekisui Chemical Co. Ltd.                                                | CUSIP: N/A<br>LEI: 529900KQIVT7NWFNMI70       | Long             | EC               | CORP              | JP        |        4500 | NS      | $79593.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Edison International                                 | Edison International                                                     | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      445000 | PA      | $460521.69    | 0.02%             | 2053-06-15      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                        | PepsiCo, Inc.                                                            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       26072 | NS      | $4005441.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $28593.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandai Namco Holdings, Inc.                          | Bandai Namco Holdings, Inc.                                              | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |        7000 | NS      | $181641.07    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                 | CP Atlas Buyer, Inc.                                                     | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |      970000 | PA      | $1008925.13   | 0.04%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     5260000 | PA      | $1335731.84   | 0.05%             | 2032-09-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| RLJ Lodging Trust LP                                 | RLJ Lodging Trust LP                                                     | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |      999000 | PA      | $993131.77    | 0.03%             | 2026-07-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Corning, Inc.                                        | Corning, Inc.                                                            | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |       25183 | NS      | $2600144.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                            | Epiroc AB, Class B                                                       | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |        4663 | NS      | $116281.71    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                  | Fifth Third Bancorp                                                      | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       45923 | NS      | $2306253.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp.                                          | Asics Corp.                                                              | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |        8400 | NS      | $202210.55    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co. Ltd.                          | Seven & i Holdings Co. Ltd.                                              | CUSIP: N/A<br>LEI: 52990037G8JRM3TWGY86       | Long             | EC               | CORP              | JP        |       25000 | NS      | $358015.13    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                  | Iron Mountain, Inc.                                                      | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     1289000 | PA      | $1324491.33   | 0.05%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    20530310 | PA      | $1280152.13   | 0.04%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                | Kioxia Holdings Corp.                                                    | CUSIP: N/A<br>LEI: 35380080RTKRARNH4R73       | Long             | EC               | CORP              | JP        |        2200 | NS      | $300930.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronet LNG Ltd.                                    | Petronet LNG Ltd.                                                        | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |      211215 | NS      | $666143.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                                 | Banca Mediolanum SpA                                                     | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |        2674 | NS      | $62727.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Galderma Group AG                                    | Galderma Group AG                                                        | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |        1858 | NS      | $346329.31    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.            | Ping An Insurance Group Co. of China Ltd., Class H                       | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |      427500 | NS      | $3965212.78   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Barry Callebaut AG                                   | Barry Callebaut AG (Registered)                                          | CUSIP: N/A<br>LEI: 213800Y5RWKLDPUTT265       | Long             | EC               | CORP              | CH        |          43 | NS      | $75852.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                               | Cleveland-Cliffs, Inc.                                                   | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |       44110 | NS      | $606953.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.                         | Casey's General Stores, Inc.                                             | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |        1997 | NS      | $1211180.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                      | Mitsubishi Chemical Group Corp.                                          | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |       15400 | NS      | $101673.96    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                                     | Bank Hapoalim BM                                                         | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |       15004 | NS      | $370920.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Primo Water Holdings, Inc.                           | Primo Water Holdings, Inc.                                               | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      155000 | PA      | $151535.56    | 0.01%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Daimler Truck Holding AG                             | Daimler Truck Holding AG                                                 | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |        5697 | NS      | $275842.86    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cochlear Ltd.                                        | Cochlear Ltd.                                                            | CUSIP: N/A<br>LEI: 5493001OLLWY8KV5UC08       | Long             | EC               | CORP              | AU        |         786 | NS      | $146505.16    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Swatch Group AG (The)                                | Swatch Group AG (The)                                                    | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               | CORP              | CH        |         346 | NS      | $81634.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| WPC Eurobond BV                                      | WPC Eurobond BV                                                          | CUSIP: N/A<br>LEI: 5493005XDMOLBARL5M14       | Long             | DBT              | CORP              | NL        |     2350000 | PA      | $2704945.80   | 0.09%             | 2028-04-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-7571.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-248969.81   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    21360298 | PA      | $1301095.54   | 0.05%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Japan 10 Year Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | JP        |         259 | NC      | $-1121346.54  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                                           | Acciona SA                                                               | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |         295 | NS      | $63400.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                        | Notas do Tesouro Nacional                                                | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     5050000 | PA      | $809737.14    | 0.03%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Biocon Ltd.                                          | Biocon Ltd.                                                              | CUSIP: N/A<br>LEI: 335800NK3L7QCHLOC198       | Long             | EC               | CORP              | IN        |      175727 | NS      | $701567.52    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                                     | Mitsubishi Corp.                                                         | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |       38700 | NS      | $1028117.54   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                      | TransDigm, Inc.                                                          | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     3633000 | PA      | $3611039.97   | 0.13%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Stockland                                            | Stockland                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       29107 | NS      | $108906.93    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | XAV Health Care Index                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |          58 | NC      | $-215947.16   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2229.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                  | Erste Group Bank AG                                                      | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |        3699 | NS      | $480903.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NMG Parent LLC                                       | NMG Parent LLC, Escrow                                                   | CUSIP: 629ESC039<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        1069 | NS      | $534.50       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JB Hunt Transport Services, Inc.                     | JB Hunt Transport Services, Inc.                                         | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |        2860 | NS      | $579779.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                             | Berkshire Hathaway, Inc., Class B                                        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       13836 | NS      | $6648613.08   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Federation of Malaysia                               | Malaysia Government Bond                                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     3636000 | PA      | $1018688.77   | 0.04%             | 2046-03-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Telecom Italia SpA                                   | Telecom Italia SpA                                                       | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |      137864 | NS      | $93517.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                           | Haleon plc                                                               | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |      107018 | NS      | $559693.82    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley                                                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       30138 | NS      | $5509226.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings, Inc.                                | Nomura Holdings, Inc.                                                    | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |       36100 | NS      | $327150.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC                                     | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      813000 | PA      | $732875.65    | 0.03%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Engie SA                                             | Engie SA                                                                 | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | DBT              | CORP              | FR        |     1900000 | PA      | $2310233.12   | 0.08%             | 2031-03-06      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $52502.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                               | Alternative Loan Trust, Series 2005-28CB, Class 2A6                      | CUSIP: 12667GXF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.00         | 0.00%             | 2035-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corpay, Inc.                                         | Corpay, Inc.                                                             | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |        5780 | NS      | $1818561.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendmark Funding Trust                               | Lendmark Funding Trust, Series 2025-2A, Class A                          | CUSIP: 52603GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1407000 | PA      | $1418981.87   | 0.05%             | 2034-10-20      | Fixed         | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Ferrovial SE                                         | Ferrovial SE                                                             | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |        6172 | NS      | $416888.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                | Quanta Services, Inc.                                                    | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |        5649 | NS      | $2681184.87   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International, Inc.                       | Somnigroup International, Inc.                                           | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     1184000 | PA      | $1148669.80   | 0.04%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Securitas AB                                         | Securitas AB, Class B                                                    | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |        5881 | NS      | $97253.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $97078.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                        | Federative Republic of Brazil                                            | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     3486000 | PA      | $573539.43    | 0.02%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Central Japan Railway Co.                            | Central Japan Railway Co.                                                | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |        9300 | NS      | $259452.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Axalta Coating Systems Ltd.                          | Axalta Coating Systems Ltd.                                              | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | BM        |       13265 | NS      | $445438.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagaya US Holdings Co. LLC                           | Pagaya US Holdings Co. LLC                                               | CUSIP: 69549FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      521000 | PA      | $464887.78    | 0.02%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: —       |
| Vonovia SE                                           | Vonovia SE                                                               | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |        9092 | NS      | $266207.30    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                      | Norsk Hydro ASA                                                          | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |       16607 | NS      | $147435.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                             | SBA Communications Corp.                                                 | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |     1630000 | PA      | $1556832.15   | 0.05%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| KeHE Distributors LLC                                | KeHE Distributors LLC                                                    | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1265000 | PA      | $1325422.73   | 0.05%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Banque Cantonale Vaudoise                            | Banque Cantonale Vaudoise (Registered)                                   | CUSIP: N/A<br>LEI: K1MOBB3OPSBBQO554R76       | Long             | EC               | CORP              | CH        |         360 | NS      | $48718.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Concordia Financial Group Ltd.                       | Concordia Financial Group Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       12400 | NS      | $112935.91    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays plc                                         | Barclays plc                                                             | CUSIP: 06738ECP8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |      250000 | PA      | $254274.71    | 0.01%             | 2028-03-12      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Ciena Corp.                                          | Ciena Corp.                                                              | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |        7176 | NS      | $1806988.56   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICL Group Ltd.                                       | ICL Group Ltd.                                                           | CUSIP: N/A<br>LEI: 529900FQVQD88SHIGM04       | Long             | EC               | CORP              | IL        |        9258 | NS      | $50269.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                            | Holcim AG                                                                | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |        6130 | NS      | $631812.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nibe Industrier AB                                   | Nibe Industrier AB, Class B                                              | CUSIP: N/A<br>LEI: 549300ZQH0FIF1P0MX67       | Long             | EC               | CORP              | SE        |       18121 | NS      | $69417.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Weatherford International Ltd.                       | Weatherford International Ltd.                                           | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |      571000 | PA      | $584421.79    | 0.02%             | 2030-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Cipher Compute LLC                                   | Cipher Compute LLC                                                       | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1484000 | PA      | $1529129.92   | 0.05%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Ontario Teachers' Finance Trust                      | Ontario Teachers' Finance Trust                                          | CUSIP: 68329AAE8<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |      773000 | PA      | $553785.11    | 0.02%             | 2027-10-19      | Fixed         | 1.10%                 | Yes           |                  2 | On Loan: No      |
| Enbridge, Inc.                                       | Enbridge, Inc.                                                           | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     1100000 | PA      | $1132959.08   | 0.04%             | 2083-01-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.                         | Vertex Pharmaceuticals, Inc.                                             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |        6074 | NS      | $2854172.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund, Inc.                           | Nippon Building Fund, Inc.                                               | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        |          94 | NS      | $87193.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                  | Post Holdings, Inc.                                                      | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |        5887 | NS      | $602298.97    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                                    | Lowe's Cos., Inc.                                                        | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       33645 | NS      | $8985233.70   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                 | Analog Devices, Inc.                                                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |        8061 | NS      | $2506003.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG Immobilien SE                                    | LEG Immobilien SE                                                        | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |         906 | NS      | $65510.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Holmen AB                                            | Holmen AB, Class B                                                       | CUSIP: N/A<br>LEI: 52990080SH3454F0QE68       | Long             | EC               | CORP              | SE        |         845 | NS      | $31673.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    11123335 | PA      | $707961.58    | 0.02%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SITC International Holdings Co. Ltd.                 | SITC International Holdings Co. Ltd.                                     | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |       16000 | NS      | $59746.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2907.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujikura Ltd.                                        | Fujikura Ltd.                                                            | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |        3000 | NS      | $377060.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JX Advanced Metals Corp.                             | JX Advanced Metals Corp.                                                 | CUSIP: N/A<br>LEI: 353800NC6NPNKC4JEC58       | Long             | EC               | CORP              | JP        |        6700 | NS      | $108415.22    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.             | Contemporary Amperex Technology Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |       34200 | NS      | $1722645.95   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                              | Accton Technology Corp.                                                  | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |       24000 | NS      | $839118.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyient Ltd.                                          | Cyient Ltd.                                                              | CUSIP: N/A<br>LEI: 335800MJOXTUJ22Y4T72       | Long             | EC               | CORP              | IN        |       53252 | NS      | $659510.08    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Chemours Co. (The)                                   | Chemours Co. (The)                                                       | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |       46519 | NS      | $697319.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| South Korea Won                                      | South Korea Won                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |        5731 | OU      | $3.98         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schroders plc                                        | Schroders plc                                                            | CUSIP: N/A<br>LEI: 2138001YYBULX5SZ2H24       | Long             | EC               | CORP              | GB        |        8667 | NS      | $53681.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Treasury Corp. of Victoria                           | Treasury Corp. of Victoria                                               | CUSIP: N/A<br>LEI: 549300ZJM7BQW1P9UV75       | Long             | DBT              | NUSS              | AU        |     6715000 | PA      | $3835855.08   | 0.13%             | 2033-09-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                 | Macquarie Group Ltd.                                                     | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |        4351 | NS      | $638551.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                            | Unibail-Rodamco-Westfield                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |        1460 | NS      | $161424.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                                    | National Grid plc                                                        | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |       59616 | NS      | $1012849.30   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd.                                         | Wix.com Ltd.                                                             | CUSIP: N/A<br>LEI: 5493008P6N29Q1AG9464       | Long             | EC               | CORP              | IL        |         668 | NS      | $58009.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                     | Roche Holding AG                                                         | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |        8442 | NS      | $3838914.46   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ION Platform Finance US, Inc.                        | ION Platform Finance US, Inc.                                            | CUSIP: 46206AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       69000 | PA      | $66539.56     | 0.00%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Allianz SE                                           | Allianz SE (Registered)                                                  | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |        4640 | NS      | $2043094.89   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                 | GNMA II, 30 Year                                                         | CUSIP: 3618N5GM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1130246 | PA      | $1104619.56   | 0.04%             | 2055-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                  | Exeter Automobile Receivables Trust, Series 2026-1A, Class D             | CUSIP: 30168HAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      691000 | PA      | $692220.31    | 0.02%             | 2032-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Edenred SE                                           | Edenred SE                                                               | CUSIP: N/A<br>LEI: 9695006LOD5B2D7Y0N70       | Long             | EC               | CORP              | FR        |        2888 | NS      | $60491.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Dr Ing hc F Porsche AG                               | Dr Ing hc F Porsche AG (Preference)                                      | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EC               | CORP              | DE        |        1362 | NS      | $66278.87     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: —       |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1595.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye Stillwater Ltd.                              | Sibanye Stillwater Ltd.                                                  | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |      303654 | NS      | $1321626.71   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                | Republic of Indonesia                                                    | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 16011000000 | PA      | $1026192.06   | 0.04%             | 2035-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |      495000 | PA      | $117795.36    | 0.00%             | 2030-07-29      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Denso Corp.                                          | Denso Corp.                                                              | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |       21000 | NS      | $291370.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sembcorp Industries Ltd.                             | Sembcorp Industries Ltd.                                                 | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               | CORP              | SG        |       10700 | NS      | $50701.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                          | Aker BP ASA                                                              | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |        3779 | NS      | $111245.84    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     1105000 | PA      | $908205.03    | 0.03%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tsuruha Holdings, Inc.                               | Tsuruha Holdings, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        2900 | NS      | $46210.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                            | Epiroc AB, Class A                                                       | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |        7919 | NS      | $221994.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                             | Windsor Holdings III LLC                                                 | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |      907000 | PA      | $955740.37    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                             | Bausch Health Cos., Inc.                                                 | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      605000 | PA      | $559615.92    | 0.02%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-12619.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Avianca Midco 2 plc                                  | Avianca Midco 2 plc                                                      | CUSIP: 05369YAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     1126000 | PA      | $1145001.25   | 0.04%             | 2028-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| Take-Two Interactive Software, Inc.                  | Take-Two Interactive Software, Inc.                                      | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |        8738 | NS      | $1924981.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Indonesia                                | Republic of Indonesia                                                    | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 29028000000 | PA      | $1755322.04   | 0.06%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANA Holdings, Inc.                                   | ANA Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: 5493008IRKIY0G3TE305       | Long             | EC               | CORP              | JP        |        1900 | NS      | $36888.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp.                                            | EQT Corp.                                                                | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       41966 | NS      | $2422697.18   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5095.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Itausa SA                                            | Itausa SA (Preference)                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      404530 | NS      | $1046155.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO Holdings LLC                                     | CCO Holdings LLC                                                         | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      132000 | PA      | $133261.79    | 0.00%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Henry Schein, Inc.                                   | Henry Schein, Inc.                                                       | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |       20671 | NS      | $1560247.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokogawa Electric Corp.                              | Yokogawa Electric Corp.                                                  | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |        2700 | NS      | $90015.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hungary                                              | Hungary Government Bond                                                  | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |     3305000 | PA      | $3983710.53   | 0.14%             | 2034-06-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Alumina Pty. Ltd.                                    | Alumina Pty. Ltd.                                                        | CUSIP: 02220AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |      794000 | PA      | $819057.85    | 0.03%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co.                                        | Organon & Co.                                                            | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1544000 | PA      | $1514385.31   | 0.05%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust        | Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class D    | CUSIP: 107927AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      442000 | PA      | $443397.56    | 0.02%             | 2031-11-17      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| KDDI Corp.                                           | KDDI Corp.                                                               | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |       35200 | NS      | $594315.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                             | Yum China Holdings, Inc.                                                 | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |       34434 | NS      | $1712148.74   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HLF Financing Sarl LLC                               | HLF Financing Sarl LLC                                                   | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      310000 | PA      | $333296.19    | 0.01%             | 2029-04-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Chevron Corp.                                        | Chevron Corp.                                                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        5241 | NS      | $927132.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $17154.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cigna Group (The)                                    | Cigna Group (The)                                                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |        3376 | NS      | $925395.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $11501.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Life Insurance Co. Ltd.                          | SBI Life Insurance Co. Ltd.                                              | CUSIP: N/A<br>LEI: 335800WMVIESQUO95586       | Long             | EC               | CORP              | IN        |       47158 | NS      | $1025805.86   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Antero Midstream Partners LP                         | Antero Midstream Partners LP                                             | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1170000 | PA      | $1172026.44   | 0.04%             | 2029-06-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TOPPAN Holdings, Inc.                                | TOPPAN Holdings, Inc.                                                    | CUSIP: 890747108<br>LEI: 3538003H9W4KIDODQY20 | Long             | EC               | CORP              | JP        |        2800 | NS      | $86491.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mohawk Industries, Inc.                              | Mohawk Industries, Inc.                                                  | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |        3739 | NS      | $442622.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Finance Corp.                                | OneMain Finance Corp.                                                    | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     1761000 | PA      | $1739042.62   | 0.06%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                   | Credit Agricole SA                                                       | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |       12822 | NS      | $277678.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                | Republic of Indonesia                                                    | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 31580000000 | PA      | $1939854.70   | 0.07%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $28409.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| American Express Co.                                 | American Express Co.                                                     | CUSIP: 025816EM7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1764511.38   | 0.06%             | 2036-10-24      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                        | Assa Abloy AB, Class B                                                   | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |       12043 | NS      | $486945.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1367347.85   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Corp.                                          | Ebara Corp.                                                              | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |        5600 | NS      | $169539.11    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                                   | Republic of Panama                                                       | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      930000 | PA      | $604383.75    | 0.02%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Bankinter SA                                         | Bankinter SA                                                             | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |        8100 | NS      | $138266.85    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                            | Michaels Cos., Inc. (The)                                                | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     1565000 | PA      | $1547931.48   | 0.05%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1591.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp.                                           | PG&E Corp.                                                               | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     1064000 | PA      | $1061742.72   | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Navient Corp.                                        | Navient Corp.                                                            | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     1684000 | PA      | $1647121.07   | 0.06%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Cinemark USA, Inc.                                   | Cinemark USA, Inc.                                                       | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |      756000 | PA      | $755252.01    | 0.03%             | 2028-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco Sarl                       | Greensaif Pipelines Bidco Sarl                                           | CUSIP: N/A<br>LEI: 549300YWDGUXPB8GRP47       | Long             | DBT              | CORP              | LU        |      780000 | PA      | $808719.60    | 0.03%             | 2036-02-23      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                      | Live Nation Entertainment, Inc.                                          | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     1018000 | PA      | $1003792.18   | 0.03%             | 2028-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Motability Operations Group plc                      | Motability Operations Group plc                                          | CUSIP: N/A<br>LEI: AZ3NL8JCZDCNUXFWI720       | Long             | DBT              | CORP              | GB        |     1217000 | PA      | $1462438.23   | 0.05%             | 2034-01-24      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co. Ltd.             | Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: 2549003BT1XS3SE3E448       | Long             | EC               | CORP              | CN        |       98920 | NS      | $825941.14    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                               | SGS SA (Registered)                                                      | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |        1985 | NS      | $238913.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Twilio, Inc.                                         | Twilio, Inc., Class A                                                    | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |        7160 | NS      | $862493.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Dollar                                    | Australian Dollar                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |      282218 | OU      | $196522.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                     | Skandinaviska Enskilda Banken AB, Class A                                | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |       18191 | NS      | $391005.37    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                                       | ConocoPhillips                                                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |        9853 | NS      | $1026978.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares, Inc.                      | First Citizens BancShares, Inc., Class A                                 | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |        1467 | NS      | $3036059.19   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ Group Holdings Ltd.                              | ANZ Group Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |       35849 | NS      | $912011.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $92396.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                              | IMCD NV                                                                  | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |         707 | NS      | $66085.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Italy                                    | Buoni Poliennali del Tesoro                                              | CUSIP: N/A<br>LEI: 815600DE60799F5A9309       | Long             | DBT              | NUSS              | IT        |    18040000 | PA      | $21388418.43  | 0.74%             | 2054-10-01      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                        | Starwood Property Trust, Inc.                                            | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     1504000 | PA      | $1586152.99   | 0.06%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust         | American Credit Acceptance Receivables Trust, Series 2026-1, Class C     | CUSIP: 02531FAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      865000 | PA      | $866366.18    | 0.03%             | 2033-01-12      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Saks Global Enterprises LLC                          | Saks Global Enterprises LLC                                              | CUSIP: 79380MAB1<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |         288 | PA      | $0.72         | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| LCPR Senior Secured Financing DAC                    | LCPR Senior Secured Financing DAC                                        | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |      893000 | PA      | $593844.37    | 0.02%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| E.ON SE                                              | E.ON SE                                                                  | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |       26977 | NS      | $572178.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Rupee                                         | Indian Rupee                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |       65507 | OU      | $712.12       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion plc                                | JD Sports Fashion plc                                                    | CUSIP: N/A<br>LEI: 213800HROV6Y9MUU8375       | Long             | EC               | CORP              | GB        |       30276 | NS      | $33882.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                           | Charles Schwab Corp. (The)                                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |       97215 | NS      | $10102582.80  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co. Ltd.                       | Chugai Pharmaceutical Co. Ltd.                                           | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |        8100 | NS      | $462677.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Accor SA                                             | Accor SA                                                                 | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |        2355 | NS      | $128067.64    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                  | Herc Holdings, Inc.                                                      | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     1073000 | PA      | $1126181.10   | 0.04%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                          | CUSIP: N/A<br>LEI: 784F5XWPLTWKTBV3E584       | Long             | DBT              | CORP              | US        |     2455000 | PA      | $2697757.79   | 0.09%             | 2030-01-21      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Shell plc                                            | Shell plc                                                                | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |       69600 | NS      | $2675389.98   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                   | Banco Santander SA                                                       | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | DBT              | CORP              | ES        |      600000 | PA      | $771662.85    | 0.03%             | 2029-11-20      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ASX Ltd.                                             | ASX Ltd.                                                                 | CUSIP: N/A<br>LEI: 549300VSBVYUCBIQKT71       | Long             | EC               | CORP              | AU        |        2323 | NS      | $92465.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-14687.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                  | Krung Thai Bank PCL                                                      | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | DBT              | CORP              | TH        |      530000 | PA      | $529006.25    | 0.02%             | 2026-03-25      | Variable      | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                               | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |       85000 | PA      | $82453.88     | 0.00%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AIB Group plc                                        | AIB Group plc                                                            | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |       25675 | NS      | $286998.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd.                       | Nomura Research Institute Ltd.                                           | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |        4500 | NS      | $136891.76    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-200.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                   | CUSIP: 85325C2J0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     1750000 | PA      | $1777597.50   | 0.06%             | 2036-08-12      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd.                           | CK Hutchison Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |        7500 | NS      | $60474.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                                  | Heineken Holding NV                                                      | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |        1550 | NS      | $115210.19    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 5 Year Note                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        2656 | NC      | $-1878052.21  | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Kesko OYJ                                            | Kesko OYJ, Class B                                                       | CUSIP: N/A<br>LEI: 743700OX6HSVMCAHPB95       | Long             | EC               | CORP              | FI        |        3266 | NS      | $82608.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                               | Petroleo Brasileiro SA (Preference)                                      | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |      367298 | NS      | $2629065.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen KK                                      | Nippon Yusen KK                                                          | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |        5000 | NS      | $164324.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  3961500000 | PA      | $1027373.85   | 0.04%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  5060700000 | PA      | $1030102.80   | 0.04%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of the Philippines                          | Republic of Philippines                                                  | CUSIP: N/A<br>LEI: 529900RAHBALMYIJ3T08       | Long             | DBT              | NUSS              | PH        |    27710000 | PA      | $484349.74    | 0.02%             | 2035-04-28      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                             | SCIH Salt Holdings, Inc.                                                 | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1328000 | PA      | $1324775.22   | 0.05%             | 2028-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Roche Holding AG                                     | Roche Holding AG                                                         | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |         385 | NS      | $177916.73    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $153392.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aisin Corp.                                          | Aisin Corp.                                                              | CUSIP: N/A<br>LEI: 3538004IOK08PDY6I723       | Long             | EC               | CORP              | JP        |        5900 | NS      | $105698.51    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hayward Holdings, Inc.                               | Hayward Holdings, Inc.                                                   | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       21145 | NS      | $341280.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                                             | Mowi ASA                                                                 | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |        5592 | NS      | $128907.27    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                         | HD Hyundai Electric Co. Ltd.                                             | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |        1464 | NS      | $896911.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen Leasing GmbH                              | Volkswagen Leasing GmbH                                                  | CUSIP: N/A<br>LEI: 5299004GLEUX88BSNB74       | Long             | DBT              | CORP              | DE        |     1950000 | PA      | $2400126.49   | 0.08%             | 2031-04-11      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| People's Republic of China                           | People's Republic of China                                               | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     3120000 | PA      | $517201.43    | 0.02%             | 2052-10-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Marubeni Corp.                                       | Marubeni Corp.                                                           | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |       17000 | NS      | $563518.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                              | Micron Technology, Inc.                                                  | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |        9314 | NS      | $3864192.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV                                     | ABN AMRO Bank NV                                                         | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |        6992 | NS      | $257608.22    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Suntory Beverage & Food Ltd.                         | Suntory Beverage & Food Ltd.                                             | CUSIP: N/A<br>LEI: 549300FONLMVK7YYYH41       | Long             | EC               | CORP              | JP        |        1700 | NS      | $53854.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Airlines Ltd.                              | Singapore Airlines Ltd.                                                  | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |       18800 | NS      | $93849.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                   | Banco Bilbao Vizcaya Argentaria SA                                       | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |       69251 | NS      | $1757844.90   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2092.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aqua Finance Issuer Trust                            | Aqua Finance Issuer Trust, Series 2025-B, Class A                        | CUSIP: 03837GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      624235 | PA      | $630539.44    | 0.02%             | 2051-05-17      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| Sabre Financial Borrower LLC                         | Sabre Financial Borrower LLC                                             | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1189000 | PA      | $1202507.04   | 0.04%             | 2029-06-15      | Fixed         | 11.12%                | Yes           |                  2 | On Loan: No      |
| Veolia Environnement SA                              | Veolia Environnement SA                                                  | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |        7576 | NS      | $284154.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Anywhere Real Estate Group LLC                       | Anywhere Real Estate Group LLC                                           | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1382000 | PA      | $1399237.69   | 0.05%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Segro plc                                            | Segro plc                                                                | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |       15450 | NS      | $160967.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corp.             | Pan Pacific International Holdings Corp.                                 | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               | CORP              | JP        |       22900 | NS      | $135580.41    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC plc                                              | DCC plc                                                                  | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |        1025 | NS      | $64974.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings, Inc.                          | Tokio Marine Holdings, Inc.                                              | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |       22100 | NS      | $823723.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WR Grace Holdings LLC                                | WR Grace Holdings LLC                                                    | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |      735000 | PA      | $735000.00    | 0.03%             | 2027-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                          | Allied Universal Holdco LLC                                              | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1183000 | PA      | $1228552.22   | 0.04%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BASF SE                                              | BASF SE                                                                  | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |       10724 | NS      | $581390.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunoco LP                                            | Sunoco LP                                                                | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2148000 | PA      | $2217651.05   | 0.08%             | 2028-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $681.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd.                                         | Eternal Ltd.                                                             | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |      158808 | NS      | $473368.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                   | Toyota Motor Corp.                                                       | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |      329100 | NS      | $7459218.41   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                            | First Student Bidco, Inc.                                                | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      165000 | PA      | $160680.14    | 0.01%             | 2029-07-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                  | Coca-Cola Co. (The)                                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |       14712 | NS      | $1100604.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co. (The)                                   | Chemours Co. (The)                                                       | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     1056000 | PA      | $1047250.72   | 0.04%             | 2028-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                       | HDFC Bank Ltd.                                                           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      224043 | NS      | $7254512.34   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis Financial Services US Corp.               | Stellantis Financial Services US Corp.                                   | CUSIP: 85855FAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      471000 | PA      | $478417.27    | 0.02%             | 2030-09-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP            | XPLR Infrastructure Operating Partners LP                                | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      418000 | PA      | $431327.51    | 0.01%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Jardine Matheson Holdings Ltd.                       | Jardine Matheson Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | BM        |        1900 | NS      | $138468.04    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                                 | Henkel AG & Co. KGaA                                                     | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |        1243 | NS      | $102608.61    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                                         | Carrefour SA                                                             | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |        7063 | NS      | $115686.22    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                          | Allied Universal Holdco LLC                                              | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1142000 | PA      | $1126549.31   | 0.04%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Genmab A/S                                           | Genmab A/S                                                               | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |         733 | NS      | $238800.75    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                                | UltraTech Cement Ltd.                                                    | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |        7421 | NS      | $1025673.68   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA, Inc.                                            | HCA, Inc.                                                                | CUSIP: 404119DF3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $982097.03    | 0.03%             | 2035-11-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fuji Electric Co. Ltd.                               | Fuji Electric Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |        1700 | NS      | $121095.54    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                        | WH Group Ltd.                                                            | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |      100067 | NS      | $118088.64    | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                   | AmWINS Group, Inc.                                                       | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |     1534000 | PA      | $1574009.79   | 0.05%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                          | Marsh & McLennan Cos., Inc.                                              | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |        9473 | NS      | $1782723.87   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                       | DTE Energy Co.                                                           | CUSIP: 233331BP1<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     1237000 | PA      | $1232787.67   | 0.04%             | 2035-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Terumo Corp.                                         | Terumo Corp.                                                             | CUSIP: N/A<br>LEI: 353800JX1R4582QVK932       | Long             | EC               | CORP              | JP        |       16000 | NS      | $209300.19    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Province of British Columbia Canada                  | Province of British Columbia                                             | CUSIP: 110709GJ5<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |      505000 | PA      | $281214.89    | 0.01%             | 2050-06-18      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                             | Infineon Technologies AG                                                 | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |      109628 | NS      | $5358892.54   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilmar International Ltd.                            | Wilmar International Ltd.                                                | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |       23000 | NS      | $61410.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TJX Cos., Inc. (The)                                 | TJX Cos., Inc. (The)                                                     | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       16801 | NS      | $2516957.81   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.                           | Encore Capital Group, Inc.                                               | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |     1199000 | PA      | $1257111.68   | 0.04%             | 2029-04-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                               | Neptune Bidco US, Inc.                                                   | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     2106000 | PA      | $2162453.44   | 0.08%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| AppLovin Corp.                                       | AppLovin Corp., Class A                                                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |        3505 | NS      | $1658250.55   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Foreign Exchange CAD/USD                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         510 | NC      | $349645.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WiseTech Global Ltd.                                 | WiseTech Global Ltd.                                                     | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               | CORP              | AU        |        2423 | NS      | $97081.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co. Ltd.                         | Japan Post Holdings Co. Ltd.                                             | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |       21400 | NS      | $257502.39    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1829.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                | Japan Government Bond                                                    | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |   848900000 | PA      | $4311913.94   | 0.15%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                           | Avis Budget Car Rental LLC                                               | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1710000 | PA      | $1667545.71   | 0.06%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-676.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WillScot Holdings Corp.                              | WillScot Holdings Corp.                                                  | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |       35371 | NS      | $708481.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB International Ltd.                               | HUB International Ltd.                                                   | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     2437000 | PA      | $2542653.70   | 0.09%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ServiceNow, Inc.                                     | ServiceNow, Inc.                                                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       18894 | NS      | $2210786.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Univision Communications, Inc.                       | Univision Communications, Inc.                                           | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     1516000 | PA      | $1564507.45   | 0.05%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4934.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3118.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                                            | Buzzi SpA                                                                | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |         926 | NS      | $52709.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                       | Takeda Pharmaceutical Co. Ltd.                                           | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |       19100 | NS      | $650158.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Chile                                    | Bonos de la Tesoreria de la Republica en pesos                           | CUSIP: N/A<br>LEI: 549300FLZTJM5YJF8D34       | Long             | DBT              | NUSS              | CL        |   230000000 | PA      | $297613.31    | 0.01%             | 2034-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-11957.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                      | Citigroup, Inc.                                                          | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     2805000 | PA      | $2828203.49   | 0.10%             | 2030-09-19      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1630.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                | Japan Government Bond                                                    | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  3543850000 | PA      | $18112883.90  | 0.63%             | 2043-09-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Republic of Poland                                   | Republic of Poland                                                       | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     7815000 | PA      | $1867417.68   | 0.06%             | 2032-04-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                          | AvalonBay Communities, Inc.                                              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |        5823 | NS      | $1034572.41   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                        | Nemetschek SE                                                            | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |         691 | NS      | $60375.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2642.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Geberit AG                                           | Geberit AG (Registered)                                                  | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |         408 | NS      | $311545.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Outfront Media Capital LLC                           | Outfront Media Capital LLC                                               | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1055000 | PA      | $1029759.13   | 0.04%             | 2029-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Hertz Corp. (The)                                    | Hertz Corp. (The)                                                        | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     1300000 | PA      | $1308565.70   | 0.05%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| Noble Finance II LLC                                 | Noble Finance II LLC                                                     | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1440000 | PA      | $1501135.13   | 0.05%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd.                             | ENN Energy Holdings Ltd.                                                 | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | KY        |       92500 | NS      | $796308.75    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advance Auto Parts, Inc.                             | Advance Auto Parts, Inc.                                                 | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     1305000 | PA      | $1327126.14   | 0.05%             | 2030-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Hungarian Forint                                     | Hungarian Forint                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |           1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Pacific Ltd.                                   | Swire Pacific Ltd., Class A                                              | CUSIP: N/A<br>LEI: 549300KZOZHII0DGF611       | Long             | EC               | CORP              | HK        |        4000 | NS      | $38599.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Dollar                                     | Singapore Dollar                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SG        |           0 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp.                                           | Ball Corp.                                                               | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |       54000 | PA      | $55599.28     | 0.00%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tenneco, Inc.                                        | Tenneco, Inc.                                                            | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |     1789000 | PA      | $1799646.34   | 0.06%             | 2028-11-17      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland | United Kingdom of Great Britain and Northern Ireland                     | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |    29725750 | PA      | $40594079.65  | 1.41%             | 2035-03-07      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources, Inc.                             | Comstock Resources, Inc.                                                 | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     1682000 | PA      | $1692724.43   | 0.06%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Straumann Holding AG                                 | Straumann Holding AG (Registered)                                        | CUSIP: N/A<br>LEI: 50670046ML5FVIM60Z37       | Long             | EC               | CORP              | CH        |        1341 | NS      | $161281.77    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| AAR Escrow Issuer LLC                                | AAR Escrow Issuer LLC                                                    | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      989000 | PA      | $1023606.74   | 0.04%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| People's Republic of China                           | People's Republic of China                                               | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |     4030000 | PA      | $591353.28    | 0.02%             | 2034-11-25      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| IQVIA Holdings, Inc.                                 | IQVIA Holdings, Inc.                                                     | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |        5378 | NS      | $1237746.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                            | Zurich Insurance Group AG                                                | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |        1759 | NS      | $1251391.26   | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Mitsui Fudosan Co. Ltd.                              | Mitsui Fudosan Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |       31800 | NS      | $364647.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                           | Procter & Gamble Co. (The)                                               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |        4230 | NS      | $641987.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-16796.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                          | Aena SME SA                                                              | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |        8993 | NS      | $279300.81    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| UniCredit SpA                                        | UniCredit SpA                                                            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |       16845 | NS      | $1467975.36   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | XAP Consumer Staples Index                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -399 | NC      | $-1743531.98  | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Daifuku Co. Ltd.                                     | Daifuku Co. Ltd.                                                         | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               | CORP              | JP        |        3900 | NS      | $139905.44    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp.                               | Freedom Mortgage Corp.                                                   | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     1470000 | PA      | $1468610.70   | 0.05%             | 2027-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Arches Buyer, Inc.                                   | Arches Buyer, Inc.                                                       | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     1118000 | PA      | $1099551.99   | 0.04%             | 2028-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2874.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                       | Element Fleet Management Corp.                                           | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |      250000 | PA      | $253978.65    | 0.01%             | 2027-03-13      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| West Japan Railway Co.                               | West Japan Railway Co.                                                   | CUSIP: N/A<br>LEI: 353800QGUXHZ7EBCR121       | Long             | EC               | CORP              | JP        |        4900 | NS      | $100128.76    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3171.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CoreCivic, Inc.                                      | CoreCivic, Inc.                                                          | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |      999000 | PA      | $1046359.59   | 0.04%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                               | Standard Chartered plc                                                   | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |       23384 | NS      | $598313.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                        | China Construction Bank Corp., Class H                                   | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |     2831000 | NS      | $2858546.67   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury plc                                      | J Sainsbury plc                                                          | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |       20678 | NS      | $90605.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1586.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Figma, Inc.                                          | Figma, Inc., Class A                                                     | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |        4225 | NS      | $109512.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Univision Communications, Inc.                       | Univision Communications, Inc.                                           | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     1062000 | PA      | $1014374.19   | 0.04%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                    | Venture Global Calcasieu Pass LLC                                        | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      606000 | PA      | $620976.08    | 0.02%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                         | Dr Reddy's Laboratories Ltd.                                             | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |       45969 | NS      | $616903.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                                            | Endesa SA                                                                | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |        3817 | NS      | $140666.11    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1604.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Corp.                                          | Tokyu Corp.                                                              | CUSIP: N/A<br>LEI: 3538005PGNIBTZYXAE45       | Long             | EC               | CORP              | JP        |        6000 | NS      | $67672.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Melco Resorts Finance Ltd.                           | Melco Resorts Finance Ltd.                                               | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $199313.00    | 0.01%             | 2033-09-24      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Secom Co. Ltd.                                       | Secom Co. Ltd.                                                           | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |        4800 | NS      | $175841.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                       | Morgan Stanley, Series I                                                 | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      474000 | PA      | $466617.05    | 0.02%             | 2036-10-22      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Republic of Peru                                     | Bonos de la Tesoreria                                                    | CUSIP: N/A<br>LEI: 254900STKLK2DBJJZ530       | Long             | DBT              | NUSS              | PE        |     5431000 | PA      | $1612911.26   | 0.06%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $733.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                  | Societe Generale SA                                                      | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | DBT              | CORP              | FR        |      400000 | PA      | $489700.92    | 0.02%             | 2032-03-17      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Obayashi Corp.                                       | Obayashi Corp.                                                           | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |        7600 | NS      | $171557.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                           | Warnermedia Holdings, Inc.                                               | CUSIP: 934423AA2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      888000 | PA      | $1028875.74   | 0.04%             | 2030-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                    | Rocket Cos., Inc.                                                        | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      660000 | PA      | $678889.20    | 0.02%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Astellas Pharma, Inc.                                | Astellas Pharma, Inc.                                                    | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |       21700 | NS      | $301844.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3223.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sofina SA                                            | Sofina SA                                                                | CUSIP: N/A<br>LEI: 5493000GMVR38VUO5D39       | Long             | EC               | CORP              | BE        |         198 | NS      | $57699.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4538.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                           | Liberty Mutual Group, Inc.                                               | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |      639000 | PA      | $632399.04    | 0.02%             | 2051-12-15      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Province of Alberta Canada                           | Province of Alberta                                                      | CUSIP: 013051EB9<br>LEI: LQPXMHHNJKIPJYE53543 | Long             | DBT              | NUSS              | CA        |      410000 | PA      | $302351.85    | 0.01%             | 2028-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Capcom Co. Ltd.                                      | Capcom Co. Ltd.                                                          | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |        4200 | NS      | $107053.48    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                             | Universal Music Group NV                                                 | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |       13224 | NS      | $324220.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                               | Localiza Rent a Car SA                                                   | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |      131646 | NS      | $1211711.03   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                      | Nissan Motor Acceptance Co. LLC                                          | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      247000 | PA      | $256109.10    | 0.01%             | 2028-09-15      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $583.17       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co. Ltd.               | Sumitomo Realty & Development Co. Ltd.                                   | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |        7400 | NS      | $206067.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                    | Republic of Ghana                                                        | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      550000 | PA      | $500500.00    | 0.02%             | 2035-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                     | Gray Media, Inc.                                                         | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     1332000 | PA      | $1430721.18   | 0.05%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ArcelorMittal SA                                     | ArcelorMittal SA                                                         | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |        5624 | NS      | $305428.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| California Resources Corp.                           | California Resources Corp.                                               | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |     1183000 | PA      | $1244255.89   | 0.04%             | 2029-06-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                            | Sunoco LP                                                                | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      175000 | PA      | $170873.71    | 0.01%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Italy                                    | Buoni Poliennali del Tesoro                                              | CUSIP: N/A<br>LEI: 815600DE60799F5A9309       | Long             | DBT              | NUSS              | IT        |     6515000 | PA      | $7895972.95   | 0.27%             | 2035-08-01      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Siemens AG                                           | Siemens AG (Registered)                                                  | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |        9132 | NS      | $2760880.23   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining plc                                 | Endeavour Mining plc                                                     | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |        2321 | NS      | $132107.27    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Block, Inc.                                          | Block, Inc.                                                              | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     1431000 | PA      | $1456533.33   | 0.05%             | 2030-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $339316.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Poste Italiane SpA                                   | Poste Italiane SpA                                                       | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |        5493 | NS      | $144675.63    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                      | Goldman Sachs Group, Inc. (The)                                          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |        3727 | NS      | $3486273.07   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA         | Cie Generale des Etablissements Michelin SCA                             | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |       53546 | NS      | $1988464.93   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2455.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                | Clydesdale Acquisition Holdings, Inc.                                    | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      453000 | PA      | $458889.00    | 0.02%             | 2030-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Republic of Indonesia                                | Republic of Indonesia                                                    | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 24562000000 | PA      | $1504329.80   | 0.05%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | XAU Utilities Index                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -257 | NC      | $-211282.14   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                                           | Sandvik AB                                                               | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               | CORP              | SE        |       12812 | NS      | $505899.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| REA Group Ltd.                                       | REA Group Ltd.                                                           | CUSIP: N/A<br>LEI: 894500KA4UBDATOFPN36       | Long             | EC               | CORP              | AU        |         632 | NS      | $83097.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                       | Alphabet, Inc.                                                           | CUSIP: 02079KBD8<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |      548000 | PA      | $637489.76    | 0.02%             | 2034-11-06      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance USA LLC               | Ardagh Metal Packaging Finance USA LLC                                   | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1433000 | PA      | $1378347.39   | 0.05%             | 2028-09-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Delta Electronics, Inc.                              | Delta Electronics, Inc.                                                  | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |       79000 | NS      | $3014825.51   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccion y Servicios SA       | ACS Actividades de Construccion y Servicios SA                           | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |        2122 | NS      | $238080.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                                | Walt Disney Co. (The)                                                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      110442 | NS      | $12457857.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Redeia Corp. SA                                      | Redeia Corp. SA                                                          | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |        4852 | NS      | $83852.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Syensqo SA                                           | Syensqo SA                                                               | CUSIP: N/A<br>LEI: 549300060XNJ90PLNS10       | Long             | EC               | CORP              | BE        |         874 | NS      | $73559.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                      | AstraZeneca plc                                                          | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |       18633 | NS      | $3471590.52   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4707.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co. LLC                      | Nissan Motor Acceptance Co. LLC                                          | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     1504000 | PA      | $1499824.90   | 0.05%             | 2030-09-30      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Humana, Inc.                                         | Humana, Inc.                                                             | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       13313 | NS      | $2598697.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp.                                           | Esab Corp.                                                               | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     1076000 | PA      | $1105624.43   | 0.04%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Gates Industrial Corp. plc                           | Gates Industrial Corp. plc                                               | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |       97501 | NS      | $2244473.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix, Inc.                                       | SK hynix, Inc.                                                           | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |       15952 | NS      | $9960069.47   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                               | Malaysia Government Bond                                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     2516000 | PA      | $660070.24    | 0.02%             | 2044-05-16      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| TDK Corp.                                            | TDK Corp.                                                                | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |       23400 | NS      | $301935.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp.                                         | Xiaomi Corp., Class B                                                    | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |      228000 | NS      | $1032057.89   | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fisher & Paykel Healthcare Corp. Ltd.                | Fisher & Paykel Healthcare Corp. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |        7056 | NS      | $164837.75    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |     3503435 | PA      | $237460.66    | 0.01%             | 2039-03-31      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                     | Sands China Ltd.                                                         | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |       29200 | NS      | $63372.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-511.15      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                        | Banco BPM SpA                                                            | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | DBT              | CORP              | IT        |     2000000 | PA      | $2458268.14   | 0.09%             | 2027-11-29      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Medtronic plc                                        | Medtronic plc                                                            | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |        2199 | NS      | $226409.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Smiths Group plc                                     | Smiths Group plc                                                         | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               | CORP              | GB        |        3922 | NS      | $134688.69    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | MSCI EAFE Index                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         167 | NC      | $1032936.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                         | ING Groep NV                                                             | CUSIP: 456837AV5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $199296.90    | 0.01%             | 2027-04-01      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Volkswagen AG                                        | Volkswagen AG (Preference)                                               | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |        2478 | NS      | $300593.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co. Ltd.                             | Otsuka Holdings Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        5200 | NS      | $311315.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $26155.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                      | Microsoft Corp.                                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       84521 | NS      | $36368541.09  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                                      | Sandoz Group AG                                                          | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |        5023 | NS      | $397951.44    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Comfort Systems USA, Inc.                            | Comfort Systems USA, Inc.                                                | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        1604 | NS      | $1831928.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp.                                           | ORIX Corp.                                                               | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |       14000 | NS      | $426655.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnera Corp.                                        | Magnera Corp.                                                            | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |     1110000 | PA      | $1003028.63   | 0.03%             | 2029-11-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     9415000 | PA      | $2199270.35   | 0.08%             | 2029-04-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Textron, Inc.                                        | Textron, Inc.                                                            | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |        6865 | NS      | $604531.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                        | Beiersdorf AG                                                            | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |        1167 | NS      | $139199.05    | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Renesas Electronics Corp.                            | Renesas Electronics Corp.                                                | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |       21400 | NS      | $355784.78    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Airlines Group SA         | International Consolidated Airlines Group SA                             | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |       14200 | NS      | $81448.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Quest Diagnostics, Inc.                              | Quest Diagnostics, Inc.                                                  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |        4639 | NS      | $867632.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $4189.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Prime Site AG                                  | Swiss Prime Site AG (Registered)                                         | CUSIP: N/A<br>LEI: 506700XI9H64OPR34158       | Long             | EC               | CORP              | CH        |         964 | NS      | $164111.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $60218.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Jason Furniture Hangzhou Co. Ltd.                    | Jason Furniture Hangzhou Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      147000 | NS      | $747596.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexon Co. Ltd.                                       | Nexon Co. Ltd.                                                           | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               | CORP              | JP        |        4500 | NS      | $107658.99    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings plc                      | Santander UK Group Holdings plc                                          | CUSIP: 80281LAX3<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |      529000 | PA      | $529854.41    | 0.02%             | 2029-09-22      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| MGM Resorts International                            | MGM Resorts International                                                | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |      559000 | PA      | $557956.63    | 0.02%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                      | Madison IAQ LLC                                                          | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |      435000 | PA      | $429788.53    | 0.01%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Alcoa Corp.                                          | Alcoa Corp.                                                              | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |       32342 | NS      | $1837349.02   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      204099 | NS      | $10858066.80  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted A/S                                           | Orsted A/S                                                               | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |        6335 | NS      | $142507.47    | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PB Fintech Ltd.                                      | PB Fintech Ltd.                                                          | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |       43874 | NS      | $790512.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                                       | Public Storage                                                           | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |        1983 | NS      | $547684.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp.                                          | Inpex Corp.                                                              | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |       10600 | NS      | $237484.70    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  2982200000 | PA      | $773402.58    | 0.03%             | 2035-01-24      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $573.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                                 | Galp Energia SGPS SA                                                     | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |        5014 | NS      | $99766.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                        | Rio Tinto plc                                                            | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |       29981 | NS      | $2735296.59   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd.                                     | Gold Fields Ltd.                                                         | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |       48108 | NS      | $2379165.32   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BKW AG                                               | BKW AG                                                                   | CUSIP: N/A<br>LEI: 549300IE30SKTUO98Q38       | Long             | EC               | CORP              | CH        |         253 | NS      | $47832.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Minerals International, Inc.                 | Compass Minerals International, Inc.                                     | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |      996000 | PA      | $1056393.20   | 0.04%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NIKE, Inc.                                           | NIKE, Inc., Class B                                                      | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |        2948 | NS      | $182215.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicharm Corp.                                       | Unicharm Corp.                                                           | CUSIP: N/A<br>LEI: 353800UQ4BZIJTAQEG85       | Long             | EC               | CORP              | JP        |       13400 | NS      | $81338.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings, Inc.                               | Labcorp Holdings, Inc.                                                   | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        9218 | NS      | $2502871.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                                       | Commerzbank AG                                                           | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | DBT              | CORP              | DE        |     1000000 | PA      | $1353011.83   | 0.05%             | 2031-10-09      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Safran SA                                            | Safran SA                                                                | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |       29997 | NS      | $10717670.92  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group plc                                    | Ashtead Group plc                                                        | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |        5066 | NS      | $326147.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                      | Citigroup, Inc.                                                          | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     1950000 | PA      | $1768840.77   | 0.06%             | 2032-05-01      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                              | National Bank of Canada                                                  | CUSIP: 63307A2Y0<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |      250000 | PA      | $250170.36    | 0.01%             | 2027-03-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Centrica plc                                         | Centrica plc                                                             | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |       56717 | NS      | $148514.07    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TransUnion                                           | TransUnion                                                               | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |        6543 | NS      | $517027.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Trend Micro, Inc.                                    | Trend Micro, Inc.                                                        | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |        1500 | NS      | $58841.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                          | Equinor ASA                                                              | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |        9198 | NS      | $247228.70    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group plc                                      | Kerry Group plc, Class A                                                 | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               | CORP              | IE        |        1949 | NS      | $173250.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Murphy USA, Inc.                                     | Murphy USA, Inc.                                                         | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |         869 | NS      | $367161.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp.                                         | Wiwynn Corp.                                                             | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |       13407 | NS      | $1502819.36   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd.                                            | Nice Ltd.                                                                | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |         742 | NS      | $78484.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankyu Hanshin Holdings, Inc.                        | Hankyu Hanshin Holdings, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        2900 | NS      | $80976.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZipRecruiter, Inc.                                   | ZipRecruiter, Inc.                                                       | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |     1017000 | PA      | $705664.67    | 0.02%             | 2030-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1600.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                | Global Payments, Inc.                                                    | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |      380000 | PA      | $376814.40    | 0.01%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UBS Switzerland AG                                   | UBS Switzerland AG                                                       | CUSIP: N/A<br>LEI: 549300WOIFUSNYH0FL22       | Long             | DBT              | CORP              | CH        |     7070000 | PA      | $8558280.15   | 0.30%             | 2029-03-05      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Rational AG                                          | Rational AG                                                              | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |          61 | NS      | $48880.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Ltd.                                          | Santos Ltd.                                                              | CUSIP: N/A<br>LEI: 5299000RK70B5O2M7077       | Long             | EC               | CORP              | AU        |       38945 | NS      | $189924.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM SpA                                        | Banco BPM SpA                                                            | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |       13627 | NS      | $204259.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW Corp.                                            | CDW Corp.                                                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |        3106 | NS      | $392567.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                               | Yara International ASA                                                   | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |        1980 | NS      | $91006.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Emerson Electric Co.                                 | Emerson Electric Co.                                                     | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       19221 | NS      | $2824718.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd.                                   | Elbit Systems Ltd.                                                       | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |         333 | NS      | $235530.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeon Co. Ltd.                                        | Aeon Co. Ltd.                                                            | CUSIP: N/A<br>LEI: 5299009MXFL34SA71416       | Long             | EC               | CORP              | JP        |       26800 | NS      | $366559.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Development Bank                               | Asian Development Bank                                                   | CUSIP: N/A<br>LEI: 549300X0MVH42CY8Q105       | Long             | DBT              | NUSS              | AU        |     3030000 | PA      | $2077394.67   | 0.07%             | 2027-09-10      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                       | Techtronic Industries Co. Ltd.                                           | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |       82500 | NS      | $1126248.88   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3831.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp.                                       | SoftBank Corp.                                                           | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |      345100 | NS      | $469080.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rayonier, Inc.                                       | Rayonier, Inc.                                                           | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |       10028 | NS      | $228036.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services, Inc.                    | PennyMac Financial Services, Inc.                                        | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |       95000 | PA      | $100065.84    | 0.00%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating LLC                      | Permian Resources Operating LLC                                          | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |       51000 | PA      | $51171.31     | 0.00%             | 2029-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Nippon Telegraph & Telephone Corp.                   | NTT, Inc.                                                                | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |      359000 | NS      | $360751.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                             | Volvo AB, Class B                                                        | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      138036 | NS      | $5015873.27   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC                                     | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2250000 | PA      | $2325543.66   | 0.08%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                           | US Bancorp                                                               | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |      250000 | PA      | $255177.58    | 0.01%             | 2027-10-26      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| Nitori Holdings Co. Ltd.                             | Nitori Holdings Co. Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        4800 | NS      | $82051.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $675.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd.                          | Hongkong Land Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | BM        |       13000 | NS      | $110303.41    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MTR Corp. Ltd.                                       | MTR Corp. Ltd.                                                           | CUSIP: N/A<br>LEI: 254900IH4U9NHH9AQM97       | Long             | EC               | CORP              | HK        |       18500 | NS      | $81803.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| American Axle & Manufacturing, Inc.                  | American Axle & Manufacturing, Inc.                                      | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     1130000 | PA      | $1102471.05   | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                              | Fresenius SE & Co. KGaA                                                  | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |        5076 | NS      | $283940.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                       | AIA Group Ltd.                                                           | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |      229600 | NS      | $2649005.99   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sigma Healthcare Ltd.                                | Sigma Healthcare Ltd.                                                    | CUSIP: N/A<br>LEI: 529900BZSP3BK7GYAO50       | Long             | EC               | CORP              | AU        |       62418 | NS      | $133751.87    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                           | Skanska AB, Class B                                                      | CUSIP: N/A<br>LEI: 549300UINV5RINHGMG07       | Long             | EC               | CORP              | SE        |        4089 | NS      | $124191.97    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 3M Co.                                               | 3M Co.                                                                   | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       35569 | NS      | $5447748.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    20525191 | PA      | $1300377.88   | 0.05%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Loan Trust               | Velocity Commercial Capital Loan Trust, Series 2018-2, Class M3          | CUSIP: 92259BAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      156562 | PA      | $146527.14    | 0.01%             | 2048-10-26      | Variable      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Province of British Columbia Canada                  | Province of British Columbia                                             | CUSIP: 110709FL1<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |      880000 | PA      | $684585.91    | 0.02%             | 2037-06-18      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Carlsberg A/S                                        | Carlsberg A/S, Class B                                                   | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |        1127 | NS      | $153214.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Santander UK Group Holdings plc                      | Santander UK Group Holdings plc                                          | CUSIP: 80281LAR6<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |      250000 | PA      | $246152.88    | 0.01%             | 2028-01-11      | Variable      | 2.47%                 | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                     | Telkom Indonesia Persero Tbk. PT                                         | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |     8637600 | NS      | $1846376.90   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ITT, Inc.                                            | ITT, Inc.                                                                | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |       12006 | NS      | $2188693.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                     | TotalEnergies SE                                                         | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |       23863 | NS      | $1735526.52   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                                | Woolworths Group Ltd.                                                    | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |       14678 | NS      | $314995.61    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $55328.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Naturgy Energy Group SA                              | Naturgy Energy Group SA                                                  | CUSIP: N/A<br>LEI: TL2N6M87CW970S5SV098       | Long             | EC               | CORP              | ES        |        2912 | NS      | $91402.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone OYJ                                             | Kone OYJ, Class B                                                        | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |        4084 | NS      | $293496.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                            | Vistra Operations Co. LLC                                                | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     1395000 | PA      | $1396168.23   | 0.05%             | 2027-07-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Engie SA                                             | Engie SA                                                                 | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |       21946 | NS      | $655229.40    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Salmar ASA                                           | Salmar ASA                                                               | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |         813 | NS      | $48430.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                | Alexandria Real Estate Equities, Inc.                                    | CUSIP: 015271AP4<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |      250000 | PA      | $249911.90    | 0.01%             | 2026-04-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Simmons Foods, Inc.                                  | Simmons Foods, Inc.                                                      | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1261000 | PA      | $1215328.22   | 0.04%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Lonza Group AG                                       | Lonza Group AG (Registered)                                              | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |         844 | NS      | $573456.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd.                            | Mizrahi Tefahot Bank Ltd.                                                | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | EC               | CORP              | IL        |        1870 | NS      | $146288.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                   | MercadoLibre, Inc.                                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |         581 | NS      | $1247865.99   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BT Group plc                                         | BT Group plc                                                             | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |       71709 | NS      | $188488.73    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazilian Real                                       | Brazilian Real                                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | BR        |          -0 | OU      | $-0.05        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                                        | Telefonica SA                                                            | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |       44195 | NS      | $178914.70    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                          | Bayerische Motoren Werke AG                                              | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |        3371 | NS      | $347146.75    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Phillips Chemical Co. LLC                    | Chevron Phillips Chemical Co. LLC                                        | CUSIP: 166754AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       78000 | PA      | $77634.01     | 0.00%             | 2026-12-01      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| Coupang, Inc.                                        | Coupang, Inc.                                                            | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |       20370 | NS      | $410659.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                                         | CaixaBank SA                                                             | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | DBT              | CORP              | ES        |      400000 | PA      | $507329.80    | 0.02%             | 2032-07-24      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Nestle SA                                            | Nestle SA (Registered)                                                   | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |       30959 | NS      | $2954310.63   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group plc                                    | Admiral Group plc                                                        | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |        3128 | NS      | $117719.05    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                     | Transurban Group                                                         | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |       37420 | NS      | $361955.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Australia 10 Year Bond                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | AU        |          49 | NC      | $-2752.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                             | Venture Global LNG, Inc.                                                 | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     1629000 | PA      | $1734673.23   | 0.06%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Coles Group Ltd.                                     | Coles Group Ltd.                                                         | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |       16127 | NS      | $238273.85    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Stagwell Global LLC                                  | Stagwell Global LLC                                                      | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     1404000 | PA      | $1361407.55   | 0.05%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| DSV A/S                                              | DSV A/S                                                                  | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |        2456 | NS      | $690590.66    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                         | KBC Group NV                                                             | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |        2759 | NS      | $388786.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OneSky Flight LLC                                    | OneSky Flight LLC                                                        | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |      852000 | PA      | $910987.37    | 0.03%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Japan Exchange Group, Inc.                           | Japan Exchange Group, Inc.                                               | CUSIP: N/A<br>LEI: 353800578ADEGIJTVW07       | Long             | EC               | CORP              | JP        |      148400 | NS      | $1619373.83   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | XAF Financial Index                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         219 | NC      | $-528764.88   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Holdings Intermediate LLC                    | Alliant Holdings Intermediate LLC                                        | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1459000 | PA      | $1483139.16   | 0.05%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Martin Marietta Materials, Inc.                      | Martin Marietta Materials, Inc.                                          | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |         751 | NS      | $489614.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA               | Motiva Infraestrutura de Mobilidade SA                                   | CUSIP: N/A<br>LEI: 254900H4EUL83CCQ6781       | Long             | EC               | CORP              | BR        |      304107 | NS      | $973096.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA                                | Kongsberg Gruppen ASA                                                    | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |        5285 | NS      | $181545.55    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Autostrade per l'Italia SpA                          | Autostrade per l'Italia SpA                                              | CUSIP: N/A<br>LEI: 815600149448CEB9B230       | Long             | DBT              | CORP              | IT        |     1900000 | PA      | $2447475.95   | 0.08%             | 2033-06-14      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                     | Coca-Cola HBC AG                                                         | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |        2621 | NS      | $142345.63    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Travel + Leisure Co.                                 | Travel + Leisure Co.                                                     | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     1061000 | PA      | $1065043.47   | 0.04%             | 2026-07-31      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| FTAI Aviation Investors LLC                          | FTAI Aviation Investors LLC                                              | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     1328000 | PA      | $1329276.21   | 0.05%             | 2028-05-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Hikma Pharmaceuticals plc                            | Hikma Pharmaceuticals plc                                                | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |        1990 | NS      | $41742.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp.                                            | RTX Corp.                                                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       18399 | NS      | $3696911.07   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Holding Co. LLC                                  | PBF Holding Co. LLC                                                      | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      592000 | PA      | $591126.44    | 0.02%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Unipol Assicurazioni SpA                             | Unipol Assicurazioni SpA                                                 | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |        4289 | NS      | $95523.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA Healthcare, Inc.                                 | HCA Healthcare, Inc.                                                     | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |         894 | NS      | $436513.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                             | Reliance Industries Ltd.                                                 | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |       54609 | NS      | $3314766.30   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Kingdom of Thailand                                  | Kingdom of Thailand                                                      | CUSIP: N/A<br>LEI: 254900PHJ6MSKT6C7026       | Long             | DBT              | NUSS              | TH        |    43080000 | PA      | $1536791.55   | 0.05%             | 2036-06-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| IHI Corp.                                            | IHI Corp.                                                                | CUSIP: N/A<br>LEI: 549300ETQIESIUQ2OE26       | Long             | EC               | CORP              | JP        |       12400 | NS      | $286888.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Obic Co. Ltd.                                        | Obic Co. Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        3900 | NS      | $108396.42    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Aviation SA                                 | Dassault Aviation SA                                                     | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |         236 | NS      | $89721.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                   | General Motors Financial Co., Inc.                                       | CUSIP: 37045XBG0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      150000 | PA      | $150154.84    | 0.01%             | 2026-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | SPI 200 Index                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | AU        |        -587 | NC      | $-1350535.58  | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands, Inc.                                  | Newell Brands, Inc.                                                      | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      469000 | PA      | $469498.08    | 0.02%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                | Elevance Health, Inc.                                                    | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |        3588 | NS      | $1240515.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-9486.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intuitive Surgical, Inc.                             | Intuitive Surgical, Inc.                                                 | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |        4149 | NS      | $2092008.78   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                                   | State Street Corp.                                                       | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |        8960 | NS      | $1172505.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.               | Mauser Packaging Solutions Holding Co.                                   | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     1519000 | PA      | $1547481.25   | 0.05%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                             | Group 1 Automotive, Inc.                                                 | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     1064000 | PA      | $1040510.28   | 0.04%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Smith & Nephew plc                                   | Smith & Nephew plc                                                       | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |        9687 | NS      | $165098.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ontario Teachers' Finance Trust                      | Ontario Teachers' Finance Trust                                          | CUSIP: 68329AAP3<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |     1513000 | PA      | $1528665.30   | 0.05%             | 2028-04-25      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AGC, Inc.                                            | AGC, Inc.                                                                | CUSIP: N/A<br>LEI: JE4WFFEELMVPFZ0G1E77       | Long             | EC               | CORP              | JP        |        2400 | NS      | $88558.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                         | Mondelez International, Inc., Class A                                    | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |       27655 | NS      | $1616987.85   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                         | AbbVie, Inc.                                                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       27499 | NS      | $6132551.99   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group, Inc.                                  | Omnicom Group, Inc.                                                      | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       14036 | NS      | $1081333.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingdom of Thailand                                  | Kingdom of Thailand                                                      | CUSIP: N/A<br>LEI: 254900PHJ6MSKT6C7026       | Long             | DBT              | NUSS              | TH        |    46357000 | PA      | $1365512.95   | 0.05%             | 2042-06-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Amrize Ltd.                                          | Amrize Ltd.                                                              | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |       25783 | NS      | $1356701.46   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seibu Holdings, Inc.                                 | Seibu Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 353800JY9TYV9WTCN620       | Long             | EC               | CORP              | JP        |        2500 | NS      | $66240.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CrossCountry Intermediate HoldCo LLC                 | CrossCountry Intermediate HoldCo LLC                                     | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1249000 | PA      | $1267722.51   | 0.04%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corp.                         | American Honda Finance Corp.                                             | CUSIP: 02665WGE5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |       67000 | PA      | $67348.19     | 0.00%             | 2027-07-09      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                          | BOC Hong Kong Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |       44500 | NS      | $234336.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp.                               | ON Semiconductor Corp.                                                   | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       30071 | NS      | $1800952.19   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Bank SA                                      | Piraeus Bank SA                                                          | CUSIP: N/A<br>LEI: 213800OYHR1MPQ5VJL60       | Long             | EC               | CORP              | GR        |      141425 | NS      | $1426600.43   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | S&P E-Mini Communication Services Index                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         364 | NC      | $1694114.72   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Havells India Ltd.                                   | Havells India Ltd.                                                       | CUSIP: N/A<br>LEI: 549300U1LOGHTTNT7D47       | Long             | EC               | CORP              | IN        |       41949 | NS      | $585997.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene OYJ                                      | UPM-Kymmene OYJ                                                          | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |        6328 | NS      | $174577.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Europe BV                                 | Telefonica Europe BV                                                     | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |      800000 | PA      | $1056081.82   | 0.04%             | 2031-06-07      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Union Pacific Corp.                                  | Union Pacific Corp.                                                      | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |        3490 | NS      | $820499.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EXOR NV                                              | EXOR NV                                                                  | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |        1121 | NS      | $92040.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                   | Millicom International Cellular SA                                       | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |       14771 | NS      | $901474.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods, Inc.                                       | US Foods, Inc.                                                           | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      295000 | PA      | $304253.56    | 0.01%             | 2028-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CLP Holdings Ltd.                                    | CLP Holdings Ltd.                                                        | CUSIP: N/A<br>LEI: 25490002BUTSMP94GO68       | Long             | EC               | CORP              | HK        |       19500 | NS      | $184324.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                            | QIAGEN NV                                                                | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |        2467 | NS      | $130798.44    | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| AIB Group plc                                        | AIB Group plc                                                            | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | DBT              | CORP              | IE        |      400000 | PA      | $514441.90    | 0.02%             | 2029-10-30      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Shimadzu Corp.                                       | Shimadzu Corp.                                                           | CUSIP: N/A<br>LEI: 353800Y64Z08WEH8PH97       | Long             | EC               | CORP              | JP        |        2800 | NS      | $75885.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd.                    | Zhen Ding Technology Holding Ltd.                                        | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |      130000 | NS      | $801140.16    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Poland                                   | Republic of Poland                                                       | CUSIP: N/A<br>LEI: 259400R9L8QEP0TPXS31       | Long             | DBT              | NUSS              | PL        |     2407000 | PA      | $672975.99    | 0.02%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shopify, Inc.                                        | Shopify, Inc., Class A                                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |        7415 | NS      | $973070.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1520.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TSB Bank plc                                         | TSB Bank plc                                                             | CUSIP: N/A<br>LEI: 549300XP222MV7P3CC54       | Long             | DBT              | CORP              | GB        |     1490000 | PA      | $1802174.27   | 0.06%             | 2029-03-05      | Fixed         | 3.32%                 | Yes           |                  2 | On Loan: No      |
| Bunzl plc                                            | Bunzl plc                                                                | CUSIP: N/A<br>LEI: 213800Q1Q9DV4L78UM09       | Long             | EC               | CORP              | GB        |        3917 | NS      | $109844.72    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Land Co. Ltd.                               | Oriental Land Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 353800PIFKBZ6KTU5994       | Long             | EC               | CORP              | JP        |       13000 | NS      | $227583.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson plc                                          | Pearson plc                                                              | CUSIP: N/A<br>LEI: 2138004JBXWWJKIURC57       | Long             | EC               | CORP              | GB        |        6927 | NS      | $91110.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd.                                         | South32 Ltd.                                                             | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |       53959 | NS      | $170934.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                                | NXP Semiconductors NV                                                    | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |        7787 | NS      | $1760952.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd.                               | Daikin Industries Ltd.                                                   | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |        3200 | NS      | $383457.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | XAY Consumer Discretionary Index                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |          48 | NC      | $-123366.96   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NGL Energy Operating LLC                             | NGL Energy Operating LLC                                                 | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1211000 | PA      | $1256689.82   | 0.04%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Western Digital Corp.                                | Western Digital Corp.                                                    | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       18262 | NS      | $4569700.26   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     4675000 | PA      | $951829.87    | 0.03%             | 2031-09-24      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Co.                                     | Baker Hughes Co., Class A                                                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       80391 | NS      | $4505111.64   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                      | Regeneron Pharmaceuticals, Inc.                                          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |        3741 | NS      | $2773764.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                               | Booking Holdings, Inc.                                                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |         670 | NS      | $3351232.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                             | Alcon AG                                                                 | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |        6004 | NS      | $485977.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                   | Cellnex Telecom SA                                                       | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |        5930 | NS      | $183415.90    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SG Holdings Co. Ltd.                                 | SG Holdings Co. Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        3500 | NS      | $33697.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Woolworths Holdings Ltd.                             | Woolworths Holdings Ltd.                                                 | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |      175885 | NS      | $589704.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd.               | Yangzijiang Shipbuilding Holdings Ltd.                                   | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |       30900 | NS      | $81153.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2696.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Motor Co. Ltd.                                | Nissan Motor Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 353800DRBDH1LUTNAY26       | Long             | EC               | CORP              | JP        |       26600 | NS      | $64833.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp.                                         | Sysmex Corp.                                                             | CUSIP: N/A<br>LEI: 5299001ZO4CKWACMZI55       | Long             | EC               | CORP              | JP        |        6100 | NS      | $57719.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCO Brands Corp.                                    | ACCO Brands Corp.                                                        | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |      825000 | PA      | $763840.61    | 0.03%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| Heineken NV                                          | Heineken NV                                                              | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |       26378 | NS      | $2177495.04   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                             | Tele2 AB, Class B                                                        | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |        6546 | NS      | $120436.77    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WBI Operating LLC                                    | WBI Operating LLC                                                        | CUSIP: 92944BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1228000 | PA      | $1237210.00   | 0.04%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources, Inc.                             | Comstock Resources, Inc.                                                 | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |      327000 | PA      | $319053.34    | 0.01%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Hungary                                              | Hungary Government Bond                                                  | CUSIP: N/A<br>LEI: 5299003F3UFKGCCMAP43       | Long             | DBT              | NUSS              | HU        |      300000 | PA      | $286350.93    | 0.01%             | 2035-06-05      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Russian Roubles                                      | Russian Roubles                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | RU        |           0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                             | Enel SpA                                                                 | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | DBT              | CORP              | IT        |      300000 | PA      | $378669.50    | 0.01%             | 2028-04-16      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Bank of Ireland Group plc                            | Bank of Ireland Group plc                                                | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | DBT              | CORP              | IE        |     1000000 | PA      | $1248126.14   | 0.04%             | 2030-03-10      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $68024.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INEOS Finance plc                                    | INEOS Finance plc                                                        | CUSIP: N/A<br>LEI: 2138002D68XDR4LZCG32       | Long             | DBT              | CORP              | GB        |      236000 | PA      | $241289.48    | 0.01%             | 2029-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Republic of El Salvador                              | Republic of El Salvador                                                  | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | SV        |      200000 | PA      | $228238.00    | 0.01%             | 2054-11-21      | Fixed         | 9.65%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1366.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SGH Ltd.                                             | SGH Ltd.                                                                 | CUSIP: N/A<br>LEI: 254900DME8O9GCK94794       | Long             | EC               | CORP              | AU        |        2433 | NS      | $77972.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $3003.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CoreWeave, Inc.                                      | CoreWeave, Inc.                                                          | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     1763000 | PA      | $1735493.96   | 0.06%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Fujitsu Ltd.                                         | Fujitsu Ltd.                                                             | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |       21200 | NS      | $589058.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KeyCorp                                              | KeyCorp                                                                  | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |     1450000 | PA      | $1571107.54   | 0.05%             | 2035-03-06      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises LP                                 | Icahn Enterprises LP                                                     | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1072000 | PA      | $946246.57    | 0.03%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BPCE SFH SA                                          | BPCE SFH SA                                                              | CUSIP: N/A<br>LEI: 969500T1UBNNTYVWOS04       | Long             | DBT              | CORP              | FR        |     1900000 | PA      | $2308905.28   | 0.08%             | 2029-03-13      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5570.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                              | Heidelberg Materials AG                                                  | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |        1608 | NS      | $440384.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                  | EOG Resources, Inc.                                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       29923 | NS      | $3355265.99   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Medibank Pvt Ltd.                                    | Medibank Pvt Ltd.                                                        | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               | CORP              | AU        |       33092 | NS      | $106181.17    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Sciences, Inc.                                | Gilead Sciences, Inc.                                                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       12007 | NS      | $1704393.65   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd.                         | National Australia Bank Ltd.                                             | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |       36805 | NS      | $1105600.92   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| S-Oil Corp.                                          | S-Oil Corp.                                                              | CUSIP: N/A<br>LEI: 988400QTUXYDN8W3MZ32       | Long             | EC               | CORP              | KR        |        9886 | NS      | $726275.66    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group, Inc.                           | Sony Financial Group, Inc.                                               | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |       73000 | NS      | $73349.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-3469.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2089.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                             | UnitedHealth Group, Inc.                                                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       17960 | NS      | $5153262.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWOOL A/S                                         | ROCKWOOL A/S, Class B                                                    | CUSIP: N/A<br>LEI: 213800QRC7LNX935OZ09       | Long             | EC               | CORP              | DK        |        1156 | NS      | $39038.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                                          | Givaudan SA (Registered)                                                 | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |         111 | NS      | $429069.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortrea Holdings, Inc.                               | Fortrea Holdings, Inc.                                                   | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |      269000 | PA      | $273665.00    | 0.01%             | 2030-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                       | Thermo Fisher Scientific, Inc.                                           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |        2860 | NS      | $1654824.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Covivio SA                                           | Covivio SA                                                               | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |         667 | NS      | $42611.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                               | Malaysia Government Bond                                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |    15127000 | PA      | $3706728.98   | 0.13%             | 2031-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                       | Carnival Corp.                                                           | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     1486000 | PA      | $1503416.59   | 0.05%             | 2029-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                           | AerCap Ireland Capital DAC                                               | CUSIP: 00774MBU8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      380000 | PA      | $376319.71    | 0.01%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corp.                               | Antero Resources Corp.                                                   | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |     1900000 | PA      | $1927006.60   | 0.07%             | 2030-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Axis Bank Ltd.                                       | Axis Bank Ltd.                                                           | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |       65393 | NS      | $975620.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Montreal                                     | Bank of Montreal                                                         | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Long             | DBT              | CORP              | CA        |     5059000 | PA      | $5525393.35   | 0.19%             | 2029-06-08      | Fixed         | 0.05%                 | Yes           |                  2 | On Loan: No      |
| Elastic NV                                           | Elastic NV                                                               | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |     1009000 | PA      | $969319.72    | 0.03%             | 2029-07-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| CaixaBank SA                                         | CaixaBank SA                                                             | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |       46826 | NS      | $618112.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicinity Ltd.                                        | Vicinity Ltd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       46979 | NS      | $80148.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                  | Deutsche Telekom AG (Registered)                                         | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |       44205 | NS      | $1483444.19   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FedEx Corp.                                          | FedEx Corp.                                                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |        2792 | NS      | $899722.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                                 | Telefonica Brasil SA                                                     | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |      177781 | NS      | $1260707.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                                      | Danske Bank A/S                                                          | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | DBT              | CORP              | DK        |     2000000 | PA      | $2447671.51   | 0.08%             | 2028-11-09      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Credicorp Ltd.                                       | Credicorp Ltd.                                                           | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |        3288 | NS      | $1173257.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos., Inc.                                    | Rocket Cos., Inc.                                                        | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       17000 | PA      | $17404.75     | 0.00%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Alcoa Nederland Holding BV                           | Alcoa Nederland Holding BV                                               | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |      492000 | PA      | $484569.08    | 0.02%             | 2029-03-31      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | U.S. Treasury 10 Year Ultra Note                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         757 | NC      | $-731898.22   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash, Inc.                                      | FirstCash, Inc.                                                          | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     1047000 | PA      | $1051891.58   | 0.04%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $205.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2268.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Penske Automotive Group, Inc.                        | Penske Automotive Group, Inc.                                            | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |     1050000 | PA      | $1014513.34   | 0.04%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Novartis AG                                          | Novartis AG (Registered)                                                 | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |       22844 | NS      | $3389360.13   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                                 | Sompo Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |       10700 | NS      | $368984.44    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                  | Societe Generale SA                                                      | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | DBT              | CORP              | FR        |     1000000 | PA      | $1232903.58   | 0.04%             | 2030-12-06      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Dover Corp.                                          | Dover Corp.                                                              | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |        4932 | NS      | $993748.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                            | Prosus NV                                                                | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |       15722 | NS      | $904035.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                                       | Axis Bank Ltd.                                                           | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |       19016 | NS      | $1409127.04   | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Anglo American plc                                   | Anglo American plc                                                       | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |       13447 | NS      | $623508.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                   | AerCap Holdings NV                                                       | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |       15078 | NS      | $2166105.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB                          | Swedish Orphan Biovitrum AB                                              | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |        2362 | NS      | $89697.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PennyMac Financial Services, Inc.                    | PennyMac Financial Services, Inc.                                        | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      832000 | PA      | $800637.09    | 0.03%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Republic of South Africa                             | Republic of South Africa                                                 | CUSIP: 836205BJ2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |      722000 | PA      | $700881.50    | 0.02%             | 2055-12-11      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Alternative Loan Trust                               | Alternative Loan Trust, Series 2006-14CB, Class A1                       | CUSIP: 021468AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           0 | PA      | $0.00         | 0.00%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| 1261229 BC Ltd.                                      | 1261229 BC Ltd.                                                          | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     1839000 | PA      | $1887286.60   | 0.07%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund        | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares    | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |    25979287 | NS      | $25979286.86  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ZF Europe Finance BV                                 | ZF Europe Finance BV                                                     | CUSIP: N/A<br>LEI: 549300RI533US2G6G542       | Long             | DBT              | CORP              | NL        |      200000 | PA      | $252696.23    | 0.01%             | 2030-06-12      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Mortgage Trust                              | JPMorgan Mortgage Trust, Series 2005-A8, Class 2A3                       | CUSIP: 466247YP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |           2 | PA      | $1.50         | 0.00%             | 2035-11-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Barratt Redrow plc                                   | Barratt Redrow plc                                                       | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |       16420 | NS      | $87432.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FGI Operating Co. LLC                                | FGI Operating Co. LLC, 1st Lien Term Loan                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       13606 | PA      | $136.06       | 0.00%             | 2026-12-31      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Severstal PAO                                        | Severstal PAO                                                            | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |       57588 | NS      | $0.06         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Keyence Corp.                                        | Keyence Corp.                                                            | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |       14600 | NS      | $5356163.45   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $8054.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials Finance Luxembourg SA           | Heidelberg Materials Finance Luxembourg SA                               | CUSIP: N/A<br>LEI: 529900RYHTCF5X9DD509       | Long             | DBT              | CORP              | LU        |     1995000 | PA      | $2579796.95   | 0.09%             | 2033-11-21      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $5853.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                     | McDonald's Corp.                                                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       26067 | NS      | $8211105.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                      | Albemarle Corp.                                                          | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       12660 | NS      | $2160175.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA                                    | Bureau Veritas SA                                                        | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |        4090 | NS      | $131666.67    | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Rand Parent LLC                                      | Rand Parent LLC                                                          | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1187000 | PA      | $1240427.56   | 0.04%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| WESCO Distribution, Inc.                             | WESCO Distribution, Inc.                                                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     1209000 | PA      | $1223543.06   | 0.04%             | 2028-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NCL Corp. Ltd.                                       | NCL Corp. Ltd.                                                           | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     1332000 | PA      | $1423495.08   | 0.05%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Financial Ltd.                               | Phoenix Financial Ltd.                                                   | CUSIP: N/A<br>LEI: 254900IUA68QTCFYHE30       | Long             | EC               | CORP              | IL        |        2749 | NS      | $133430.09    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                            | Essity AB, Class B                                                       | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |        7244 | NS      | $214485.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Euro Finance LLC                            | Prologis Euro Finance LLC                                                | CUSIP: 74341EAU6<br>LEI: 549300MI5D1784PRQH06 | Long             | DBT              | CORP              | US        |      694000 | PA      | $815190.87    | 0.03%             | 2037-09-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| H World Group Ltd.                                   | H World Group Ltd.                                                       | CUSIP: N/A<br>LEI: 549300Y5ML31FVN83730       | Long             | EC               | CORP              | KY        |      284100 | NS      | $1364459.49   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kontoor Brands, Inc.                                 | Kontoor Brands, Inc.                                                     | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |       27875 | NS      | $1664973.75   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                  | Kinder Morgan, Inc.                                                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |       14143 | NS      | $431220.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                            | SLM Corp.                                                                | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1080000 | PA      | $1065343.64   | 0.04%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4445.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Technologies Engineering Ltd.              | Singapore Technologies Engineering Ltd.                                  | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |       18800 | NS      | $144526.66    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                            | Vistra Operations Co. LLC                                                | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |       40000 | PA      | $39499.26     | 0.00%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Tronox, Inc.                                         | Tronox, Inc.                                                             | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |     1141000 | PA      | $877009.90    | 0.03%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Discovery Communications LLC                         | Discovery Communications LLC                                             | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |      520000 | PA      | $510900.00    | 0.02%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA                              | Anheuser-Busch InBev SA                                                  | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |       11877 | NS      | $854942.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                            | InPost SA                                                                | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | LU        |        2998 | NS      | $46990.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                   | Bharti Airtel Ltd.                                                       | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |       16472 | NS      | $353274.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Forvia SE                                            | Forvia SE                                                                | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | DBT              | CORP              | FR        |      225000 | PA      | $279377.30    | 0.01%             | 2030-06-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund                     | JPMorgan Prime Money Market Fund, Class Institutional                    | CUSIP: 4812A2603<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |   288030976 | NS      | $288146188.36 | 10.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands, Inc.                                    | Yum! Brands, Inc.                                                        | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       35774 | NS      | $5562857.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream Operations LP                         | Hess Midstream Operations LP                                             | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      584000 | PA      | $604442.34    | 0.02%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Tryg A/S                                             | Tryg A/S                                                                 | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |        4054 | NS      | $98524.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Aretec Group, Inc.                                   | Aretec Group, Inc.                                                       | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |      663000 | PA      | $714176.97    | 0.02%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Federal Republic of Germany                          | Bundesrepublik Deutschland                                               | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |     3858036 | PA      | $4066443.81   | 0.14%             | 2056-08-15      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | TOPIX Index                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |         266 | NC      | $3521497.91   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Indonesia                                | Republic of Indonesia                                                    | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 82342000000 | PA      | $4988527.57   | 0.17%             | 2034-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                          | Zijin Mining Group Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |      492000 | NS      | $2565299.32   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Stora Enso OYJ                                       | Stora Enso OYJ, Class R                                                  | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               | CORP              | FI        |        6964 | NS      | $80169.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Accenture plc                                        | Accenture plc, Class A                                                   | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |       30166 | NS      | $7952964.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                          | B3 SA - Brasil Bolsa Balcao                                              | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44       | Long             | EC               | CORP              | BR        |      589399 | NS      | $1812070.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                    | Siemens Energy AG                                                        | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |        9312 | NS      | $1586579.50   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Polish Zloty - New                                   | Polish Zloty - New                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |          73 | OU      | $20.67        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrivarden AB                                    | Industrivarden AB, Class A                                               | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |        1425 | NS      | $71236.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                               | Playtika Holding Corp.                                                   | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |     1130000 | PA      | $981433.25    | 0.03%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| APH Somerset Investor 2 LLC                          | APH Somerset Investor 2 LLC                                              | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      784000 | PA      | $795893.28    | 0.03%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7497.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Euro-OAT                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         205 | NC      | $143512.26    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd.                            | Asahi Group Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |       18300 | NS      | $191580.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings, Inc.                                    | KE Holdings, Inc., Class A                                               | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               | CORP              | KY        |      155458 | NS      | $988265.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Uab Dirham                                           | Uab Dirham                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |           0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum OYJ                                           | Fortum OYJ                                                               | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |        5391 | NS      | $127348.16    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd.                             | Hindalco Industries Ltd.                                                 | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |      105517 | NS      | $1098359.30   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp.                                             | KT Corp.                                                                 | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |       46158 | NS      | $965625.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                             | U.S. Treasury Notes                                                      | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    74908000 | PA      | $75319408.97  | 2.61%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $23392.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                | Dominion Energy, Inc.                                                    | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |       82845 | NS      | $4984783.65   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp.                                          | Disco Corp.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        1100 | NS      | $468875.66    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Silgan Holdings, Inc.                                | Silgan Holdings, Inc.                                                    | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |       27541 | NS      | $1188394.15   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hulic Co. Ltd.                                       | Hulic Co. Ltd.                                                           | CUSIP: N/A<br>LEI: 3538002E12E7IHAKTB10       | Long             | EC               | CORP              | JP        |        5500 | NS      | $65543.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                             | CapitaLand Ascendas                                                      | CUSIP: N/A<br>LEI: 549300ILIBAEMQZK3L20       | Long             | EC               | CORP              | SG        |       46920 | NS      | $105000.39    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd.                                | Evolution Mining Ltd.                                                    | CUSIP: N/A<br>LEI: 254900BCFW5QO5LW8F27       | Long             | EC               | CORP              | AU        |       24398 | NS      | $234299.55    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group, Inc.                           | Hana Financial Group, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       15950 | NS      | $1108239.25   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2694.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SM Energy Co.                                        | SM Energy Co.                                                            | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     1175000 | PA      | $1188375.03   | 0.04%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                          | FinecoBank Banca Fineco SpA                                              | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |        7349 | NS      | $194823.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Konami Group Corp.                                   | Konami Group Corp.                                                       | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |        1200 | NS      | $175228.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NCR Atleos Corp.                                     | NCR Atleos Corp.                                                         | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     1374000 | PA      | $1472537.78   | 0.05%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Capgemini SE                                         | Capgemini SE                                                             | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |        1853 | NS      | $287915.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1842.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Moran Foods Backstop Equity                          | Moran Foods Backstop Equity                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     2994931 | NS      | $2.99         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                   | Grupo Financiero Banorte SAB de CV, Class O                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      113070 | NS      | $1274722.56   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp.                                   | Suzuki Motor Corp.                                                       | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |       18900 | NS      | $257702.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                 | Republic of Colombia                                                     | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  2572800000 | PA      | $714538.69    | 0.02%             | 2033-02-09      | Fixed         | 13.25%                | No            |                  2 | On Loan: No      |
| New Enterprise Stone & Lime Co., Inc.                | New Enterprise Stone & Lime Co., Inc.                                    | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     1051000 | PA      | $1051281.67   | 0.04%             | 2028-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-112559.01   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $13286.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MINEBEA MITSUMI, Inc.                                | MINEBEA MITSUMI, Inc.                                                    | CUSIP: N/A<br>LEI: 353800CCB0CZ75YZ4010       | Long             | EC               | CORP              | JP        |        4400 | NS      | $89922.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co. Ltd.                             | SCREEN Holdings Co. Ltd.                                                 | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |        1000 | NS      | $127353.09    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TriNet Group, Inc.                                   | TriNet Group, Inc.                                                       | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |     1042000 | PA      | $984781.38    | 0.03%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                    | HSBC Holdings plc                                                        | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |      206848 | NS      | $3648990.08   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                                 | Schindler Holding AG (Registered)                                        | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |         281 | NS      | $103346.56    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Henderson Land Development Co. Ltd.                  | Henderson Land Development Co. Ltd.                                      | CUSIP: N/A<br>LEI: 529900SYQB7IVR9QGN76       | Long             | EC               | CORP              | HK        |       17000 | NS      | $67619.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Finance Europe BV                              | Bunge Finance Europe BV                                                  | CUSIP: N/A<br>LEI: 549300BIPDLRC1B3OO64       | Long             | DBT              | CORP              | NL        |     2350000 | PA      | $2665640.29   | 0.09%             | 2028-09-24      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| L E Lundbergforetagen AB                             | L E Lundbergforetagen AB, Class B                                        | CUSIP: N/A<br>LEI: 529900BPSFZS6O3A9R04       | Long             | EC               | CORP              | SE        |         909 | NS      | $54147.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group plc                                     | Spirax Group plc                                                         | CUSIP: N/A<br>LEI: 213800WFVZQMHOZP2W17       | Long             | EC               | CORP              | GB        |         880 | NS      | $87687.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                          | Shin-Etsu Chemical Co. Ltd.                                              | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |       20300 | NS      | $667557.09    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| IndusInd Bank Ltd.                                   | IndusInd Bank Ltd.                                                       | CUSIP: N/A<br>LEI: 335800JDVJ8HSXG9G512       | Long             | EC               | CORP              | IN        |       66715 | NS      | $650737.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Porsche Automobil Holding SE                         | Porsche Automobil Holding SE (Preference)                                | CUSIP: N/A<br>LEI: 52990053Z17ZYM1KFV27       | Long             | EC               | CORP              | DE        |        1831 | NS      | $78340.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                             | Celanese US Holdings LLC                                                 | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      578000 | PA      | $611495.68    | 0.02%             | 2030-11-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2259.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                      | Nordea Bank Abp                                                          | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |       37315 | NS      | $720941.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro-Fabrication Equipment, Inc.           | Advanced Micro-Fabrication Equipment, Inc., Class A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       16793 | NS      | $835764.35    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations, Inc.                     | Fortune Brands Innovations, Inc.                                         | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |        3444 | NS      | $186320.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                               | UCB SA                                                                   | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |        1519 | NS      | $462878.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                           | L'Oreal SA                                                               | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |        2886 | NS      | $1325942.42   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Axalta Coating Systems LLC                           | Axalta Coating Systems LLC                                               | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |      150000 | PA      | $144374.24    | 0.01%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Wise plc                                             | Wise plc, Class A                                                        | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |        7966 | NS      | $102743.38    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bollore SE                                           | Bollore SE                                                               | CUSIP: N/A<br>LEI: 969500LEKCHH6VV86P94       | Long             | EC               | CORP              | FR        |        8462 | NS      | $48245.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4136.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Autotrader Group plc                                 | Autotrader Group plc                                                     | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |       10396 | NS      | $76634.00     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-35781.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                       | Continental AG                                                           | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |        1315 | NS      | $103476.43    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC Capital Partners plc                             | CVC Capital Partners plc                                                 | CUSIP: N/A<br>LEI: 213800E8UQS1KA32YD39       | Long             | EC               | CORP              | JE        |        2542 | NS      | $45163.14     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chart Industries, Inc.                               | Chart Industries, Inc.                                                   | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     1473000 | PA      | $1532604.95   | 0.05%             | 2030-01-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                  | Hilton Grand Vacations Borrower LLC                                      | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      532000 | PA      | $517254.66    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EURO                                                 | EURO                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     8778781 | OU      | $10405928.46  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| British Pound                                        | British Pound                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |      105666 | OU      | $144587.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                         | UBS Group AG                                                             | CUSIP: 225401AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      250000 | PA      | $250000.00    | 0.01%             | 2027-02-02      | Variable      | 1.30%                 | Yes           |                  2 | On Loan: No      |
| Kingfisher plc                                       | Kingfisher plc                                                           | CUSIP: N/A<br>LEI: 213800KBMEV7I92FY281       | Long             | EC               | CORP              | GB        |       20895 | NS      | $96292.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp.                                 | American Tower Corp.                                                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |       17211 | NS      | $3085588.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1826.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                    | Isuzu Motors Ltd.                                                        | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |        6400 | NS      | $103102.83    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| M&T Bank Corp.                                       | M&T Bank Corp.                                                           | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |        5466 | NS      | $1211101.62   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $12388.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencora, Inc.                                        | Cencora, Inc.                                                            | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |        7581 | NS      | $2723246.82   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                                       | Ford Motor Co.                                                           | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |       99154 | NS      | $1376257.52   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $7717.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                         | KBC Group NV                                                             | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | DBT              | CORP              | BE        |     1000000 | PA      | $1241469.21   | 0.04%             | 2030-11-27      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                  | Medline Borrower LP                                                      | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     1963000 | PA      | $1966392.06   | 0.07%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Reddit, Inc.                                         | Reddit, Inc., Class A                                                    | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |        5725 | NS      | $1032045.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp.                                      | Flowserve Corp.                                                          | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       24100 | NS      | $1883415.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Ecuador                                  | Republic of Ecuador                                                      | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      200000 | PA      | $205500.00    | 0.01%             | 2039-01-29      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MTN Group Ltd.                                       | MTN Group Ltd.                                                           | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |       89958 | NS      | $998945.39    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouygues SA                                          | Bouygues SA                                                              | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |        2295 | NS      | $124053.54    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Howard Hughes Corp. (The)                            | Howard Hughes Corp. (The)                                                | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |      485000 | PA      | $469053.59    | 0.02%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-2040.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                        | AIB Group plc                                                            | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | DBT              | CORP              | IE        |     2000000 | PA      | $2474772.24   | 0.09%             | 2029-07-23      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                       | BNP Paribas SA                                                           | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |     1700000 | PA      | $1735351.35   | 0.06%             | 2031-05-09      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Uber Technologies, Inc.                              | Uber Technologies, Inc.                                                  | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     1200000 | PA      | $1187200.20   | 0.04%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                        | Starwood Property Trust, Inc.                                            | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |      332000 | PA      | $345733.18    | 0.01%             | 2030-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Land Securities Group plc                            | Land Securities Group plc                                                | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |        8462 | NS      | $75527.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $1784.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Packaging Corp. of America                           | Packaging Corp. of America                                               | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |        2725 | NS      | $606448.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                           | Boliden AB                                                               | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |        3415 | NS      | $239141.30    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines, Inc.                                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      133000 | PA      | $134383.73    | 0.00%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-118276.97   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EquipmentShare.com, Inc.                             | EquipmentShare.com, Inc.                                                 | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     1331000 | PA      | $1390954.90   | 0.05%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Getty Images, Inc.                                   | Getty Images, Inc.                                                       | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     1220000 | PA      | $1235338.38   | 0.04%             | 2030-11-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                 | IHO Verwaltungs GmbH                                                     | CUSIP: N/A<br>LEI: 529900JL0HDVGZMUJF32       | Long             | DBT              | CORP              | DE        |      220000 | PA      | $275275.09    | 0.01%             | 2029-11-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                   | Credit Agricole SA                                                       | CUSIP: 22535WAS6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |      766000 | PA      | $763523.92    | 0.03%             | 2033-09-25      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group plc                                    | NatWest Group plc                                                        | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |      360299 | NS      | $3284048.02   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Burlington Stores, Inc.                              | Burlington Stores, Inc.                                                  | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |        8467 | NS      | $2505046.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                            | Repsol SA                                                                | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |       13558 | NS      | $267107.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-955.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Brandywine Operating Partnership LP                  | Brandywine Operating Partnership LP                                      | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |      981000 | PA      | $1054018.77   | 0.04%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Swedish Krona                                        | Swedish Krona                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SE        |          -3 | OU      | $-0.33        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $944.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.                    | Booz Allen Hamilton Holding Corp.                                        | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |        8807 | NS      | $778714.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                              | Texas Instruments, Inc.                                                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |        5987 | NS      | $1290497.85   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                                          | Swiss Re AG                                                              | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |        3590 | NS      | $573623.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                           | Ferrari NV                                                               | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |        1515 | NS      | $505322.08    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Travel + Leisure Co.                                 | Travel + Leisure Co.                                                     | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |       27000 | PA      | $26320.05     | 0.00%             | 2029-12-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                  | Korea 10 Year Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | KR        |         185 | NC      | $-181383.62   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                | Bank of America Corp.                                                    | CUSIP: N/A<br>LEI: 9DJT3UXIJIZJI4WXO774       | Long             | DBT              | CORP              | US        |      630000 | PA      | $670411.37    | 0.02%             | 2032-05-24      | Variable      | 1.10%                 | Yes           |                  2 | On Loan: No      |
| Bridgestone Corp.                                    | Bridgestone Corp.                                                        | CUSIP: N/A<br>LEI: 549300DHPOF90OYYD780       | Long             | EC               | CORP              | JP        |       13800 | NS      | $310696.75    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                              | SSE plc                                                                  | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |       14489 | NS      | $481577.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                           | Corebridge Financial, Inc.                                               | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |        2000 | PA      | $2054.08      | 0.00%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Verbund AG                                           | Verbund AG                                                               | CUSIP: N/A<br>LEI: 5299006UDSEJCTTEJS30       | Long             | EC               | CORP              | AT        |         814 | NS      | $59727.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group plc                    | InterContinental Hotels Group plc                                        | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |        1740 | NS      | $235074.51    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings plc                             | Rolls-Royce Holdings plc                                                 | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |      101130 | NS      | $1690587.84   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBLOX Corp.                                         | ROBLOX Corp.                                                             | CUSIP: 771049AA1<br>LEI: 529900ANZDBDFU91SO19 | Long             | DBT              | CORP              | US        |     1364000 | PA      | $1305041.10   | 0.05%             | 2030-05-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Romania                                              | Romania Government Bond                                                  | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |     1585000 | PA      | $381822.39    | 0.01%             | 2033-10-30      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1755.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen Leasing GmbH                              | Volkswagen Leasing GmbH                                                  | CUSIP: N/A<br>LEI: 5299004GLEUX88BSNB74       | Long             | DBT              | CORP              | DE        |      150000 | PA      | $165277.16    | 0.01%             | 2029-07-19      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| Federal Republic of Germany                          | Bundesobligation                                                         | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |     9310000 | PA      | $10954033.29  | 0.38%             | 2030-10-10      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.         | Fidelity National Information Services, Inc.                             | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       49877 | NS      | $2755704.25   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp.                            | Mitsubishi Electric Corp.                                                | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |       22800 | NS      | $712771.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Garmin Ltd.                                          | Garmin Ltd.                                                              | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |        4759 | NS      | $959604.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-12470.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Churchill Downs, Inc.                                | Churchill Downs, Inc.                                                    | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      670000 | PA      | $673632.07    | 0.02%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Hannover Rueck SE                                    | Hannover Rueck SE                                                        | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |         725 | NS      | $204993.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| H & M Hennes & Mauritz AB                            | H & M Hennes & Mauritz AB, Class B                                       | CUSIP: N/A<br>LEI: 529900O5RR7R39FRDM42       | Long             | EC               | CORP              | SE        |        5930 | NS      | $118749.06    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar A/S                           | BIM Birlesik Magazalar A/S                                               | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |       54216 | NS      | $827374.91    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd.                                            | Xero Ltd.                                                                | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |        1988 | NS      | $129560.46    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $2301.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd.                              | Singapore Exchange Ltd.                                                  | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |       10300 | NS      | $142717.98    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                         | DNB Bank ASA                                                             | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |       10653 | NS      | $305457.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Twilio, Inc.                                         | Twilio, Inc.                                                             | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |     1028000 | PA      | $984412.58    | 0.03%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Banco Santander Totta SA                             | Banco Santander Totta SA                                                 | CUSIP: N/A<br>LEI: 549300URJH9VSI58CS32       | Long             | DBT              | CORP              | PT        |     3600000 | PA      | $4363708.32   | 0.15%             | 2031-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                  | Hilcorp Energy I LP                                                      | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1335000 | PA      | $1335320.40   | 0.05%             | 2029-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WUS Printed Circuit Kunshan Co. Ltd.                 | WUS Printed Circuit Kunshan Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       64800 | NS      | $647002.60    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| New South Wales Treasury Corp.                       | New South Wales Treasury Corp.                                           | CUSIP: N/A<br>LEI: TC7LRO17HPNPLTAV0H77       | Long             | DBT              | NUSS              | AU        |     5585000 | PA      | $3762524.06   | 0.13%             | 2035-02-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MTU Aero Engines AG                                  | MTU Aero Engines AG                                                      | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |         647 | NS      | $287640.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Makita Corp.                                         | Makita Corp.                                                             | CUSIP: N/A<br>LEI: 529900CDR9E94BCM6294       | Long             | EC               | CORP              | JP        |        2700 | NS      | $93812.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                            | NTPC Ltd.                                                                | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |      293206 | NS      | $1136044.08   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co. Ltd.                        | Murata Manufacturing Co. Ltd.                                            | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |       20000 | NS      | $406311.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Phinia, Inc.                                         | Phinia, Inc.                                                             | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |     1028000 | PA      | $1062672.50   | 0.04%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co. Ltd.                       | Sumitomo Metal Mining Co. Ltd.                                           | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |        3000 | NS      | $169525.27    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                         | Klepierre SA                                                             | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |        2573 | NS      | $99120.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuanta Financial Holding Co. Ltd.                    | Yuanta Financial Holding Co. Ltd.                                        | CUSIP: N/A<br>LEI: 21380045JG57LJEFFE13       | Long             | EC               | CORP              | TW        |      663093 | NS      | $903286.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                     | Pernod Ricard SA                                                         | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |        2420 | NS      | $216388.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-8887.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CyberArk Software Ltd.                               | CyberArk Software Ltd.                                                   | CUSIP: N/A<br>LEI: 529900YEXNDM894PWS93       | Long             | EC               | CORP              | IL        |         607 | NS      | $261513.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment, Inc.                          | Caesars Entertainment, Inc.                                              | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     1076000 | PA      | $1111099.12   | 0.04%             | 2030-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines, Inc.                                                  | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |      189000 | PA      | $192416.18    | 0.01%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| ASR Nederland NV                                     | ASR Nederland NV                                                         | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |        1885 | NS      | $136908.87    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                         | Samsung Electronics Co. Ltd.                                             | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      143955 | NS      | $15903396.85  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust               | CapitaLand Integrated Commercial Trust                                   | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |       73112 | NS      | $137260.88    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Benteler International AG                            | Benteler International AG                                                | CUSIP: N/A<br>LEI: 529900ZAFSOBVFCKF263       | Long             | DBT              | CORP              | AT        |      230000 | PA      | $291375.76    | 0.01%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Merck KGaA                                           | Merck KGaA                                                               | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |        1550 | NS      | $230938.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                            | United Overseas Bank Ltd.                                                | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |       15100 | NS      | $455101.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                             | Mahindra & Mahindra Ltd.                                                 | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |       59507 | NS      | $2221975.53   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Comercial Portugues SA                         | Banco Comercial Portugues SA, Class R                                    | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |       90803 | NS      | $98285.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| APA Group                                            | APA Group                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       15803 | NS      | $97291.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit WestRock plc                                 | Smurfit WestRock plc                                                     | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |       11840 | NS      | $492899.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                                     | Cloudflare, Inc., Class A                                                | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |        3301 | NS      | $585432.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva plc                                            | Aviva plc                                                                | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |       36733 | NS      | $320232.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-4448.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VoltaGrid LLC                                        | VoltaGrid LLC                                                            | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |     1497000 | PA      | $1516178.59   | 0.05%             | 2030-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Origin Energy Ltd.                                   | Origin Energy Ltd.                                                       | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |       20700 | NS      | $169767.11    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Palo Alto Networks, Inc.                             | Palo Alto Networks, Inc.                                                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       10742 | NS      | $1901011.74   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                     | Deutsche Bank AG (Registered)                                            | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |       22239 | NS      | $877575.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-1319.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Japan 10 Year Mini Bond                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | SG        |         123 | NC      | $-140320.73   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Acrisure LLC                                         | Acrisure LLC                                                             | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1171000 | PA      | $1134336.11   | 0.04%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Equinix, Inc.                                        | Equinix, Inc.                                                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |        3111 | NS      | $2553913.23   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.                    | Canadian Pacific Kansas City Ltd.                                        | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |        6637 | NS      | $493394.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                                 | Henkel AG & Co. KGaA (Preference)                                        | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |        1923 | NS      | $168939.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Energy Co.                                        | SM Energy Co.                                                            | CUSIP: 17888HAA1<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     1073000 | PA      | $1104436.75   | 0.04%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust               | Santander Drive Auto Receivables Trust, Series 2025-3, Class C           | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      313000 | PA      | $315246.75    | 0.01%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| HLF Financing SARL LLC                               | HLF Financing SARL LLC                                                   | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1342000 | PA      | $1273545.79   | 0.04%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                  | Rithm Capital Corp.                                                      | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |       71000 | PA      | $72536.23     | 0.00%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Synthomer plc                                        | Synthomer plc                                                            | CUSIP: N/A<br>LEI: 213800EHT3TI1KPQQJ56       | Long             | DBT              | CORP              | GB        |      230000 | PA      | $221264.52    | 0.01%             | 2029-05-02      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Hensoldt AG                                          | Hensoldt AG                                                              | CUSIP: N/A<br>LEI: 894500686FYLLZD3M624       | Long             | EC               | CORP              | DE        |         762 | NS      | $75699.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: —       |
| Linde plc                                            | Linde plc                                                                | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |        6973 | NS      | $3186451.81   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream Operations LP                         | Hess Midstream Operations LP                                             | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      773000 | PA      | $755068.56    | 0.03%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group                                    | Jane Street Group                                                        | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      389000 | PA      | $382972.99    | 0.01%             | 2029-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Toyota Industries Corp.                              | Toyota Industries Corp.                                                  | CUSIP: N/A<br>LEI: 35380000WKGEAHEMW830       | Long             | EC               | CORP              | JP        |        2000 | NS      | $255912.16    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                  | Forward Foreign Currency Contract                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |           1 | NC      | $-5097.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries plc                               | Melrose Industries plc                                                   | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               | CORP              | GB        |       15162 | NS      | $130361.87    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG               | Chocoladefabriken Lindt & Spruengli AG (Registered)                      | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |           1 | NS      | $147811.73    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Best Buy Co., Inc.                                   | Best Buy Co., Inc.                                                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |        6603 | NS      | $429855.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMS-Chemie Holding AG                                | EMS-Chemie Holding AG (Registered)                                       | CUSIP: N/A<br>LEI: 529900G1XFTGSE0DIX60       | Long             | EC               | CORP              | CH        |          84 | NS      | $65307.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hillenbrand, Inc.                                    | Hillenbrand, Inc.                                                        | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |     1011000 | PA      | $1020772.33   | 0.04%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** JPMorgan Trust I

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer