# EDGAR Filing Document

**Accession Number:** 0000052848
**File Stem:** 0001752724-23-016434
**Filing Date:** 2023-1
**Character Count:** 163090
**Document Hash:** 3af210b649f8fd5b5b81b153a0f3090d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016434.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016434

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WORLD FUND
- **CENTRAL INDEX KEY:** 0000052848
- **IRS NUMBER:** 046035483
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01027
- **FILM NUMBER:** 23561771

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WORLD FUNDS
- **DATE OF NAME CHANGE:** 20020402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WORLD FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IVEST FUND INC
- **DATE OF NAME CHANGE:** 19850923

## Series and Classes Contracts Data

### Vanguard Financials Index Fund (Series ID: S000004449)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000012220 | Admiral Shares | VFAIX           |
| C000012221 | ETF Shares     | VFH             |

## Nport-Ex

Vanguard<sup>®</sup> Financials Index Fund

#### Schedule of Investments (unaudited)
As of November 30, 2022

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
| **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** |
| **Banks (35.6%)** | **Banks (35.6%)** | **Banks (35.6%)** | **Banks (35.6%)** |
|  | JPMorgan Chase & Co. | 6204772 | 857375 |
|  | Bank of America Corp. | 15301886 | 579176 |
|  | Wells Fargo & Co. | 8026532 | 384872 |
|  | Citigroup Inc. | 4098949 | 198430 |
|  | PNC Financial Services Group Inc. | 868505 | 146135 |
|  | US Bancorp | 2988026 | 135626 |
|  | Truist Financial Corp. | 2809747 | 131524 |
|  | M&T Bank Corp. | 371260 | 63122 |
|  | Fifth Third Bancorp | 1451544 | 52778 |
|  | First Republic Bank | 386540 | 49326 |
|  | Huntington Bancshares Inc. | 3050696 | 47225 |
|  | Regions Financial Corp. | 1976341 | 45871 |
|  | Citizens Financial Group Inc. | 1048650 | 44442 |
|  | KeyCorp | 1973267 | 37117 |
| <sup>\*</sup> | SVB Financial Group | 125018 | 28977 |
|  | First Horizon Corp. | 1133558 | 28169 |
|  | East West Bancorp Inc. | 298651 | 20968 |
|  | First Citizens BancShares Inc. Class A | 25378 | 20720 |
|  | Webster Financial Corp. | 371874 | 20208 |
|  | Comerica Inc. | 276821 | 19859 |
|  | Cullen/Frost Bankers Inc. | 128985 | 18712 |
|  | Signature Bank | 133194 | 18581 |
|  | Commerce Bancshares Inc. | 228735 | 17137 |
|  | Zions Bancorp NA | 318620 | 16511 |
|  | Western Alliance Bancorp | 229555 | 15734 |
|  | Prosperity Bancshares Inc. | 192683 | 14561 |
|  | SouthState Corp. | 159967 | 14053 |
|  | Glacier Bancorp Inc. | 234051 | 13552 |
|  | Pinnacle Financial Partners Inc. | 161123 | 13517 |
|  | Synovus Financial Corp. | 308338 | 12990 |
|  | United Bankshares Inc. | 285656 | 12252 |
|  | Old National Bancorp | 618114 | 11812 |
|  | Wintrust Financial Corp. | 128454 | 11745 |
|  | Bank OZK | 251086 | 11588 |
|  | Popular Inc. | 158528 | 11576 |
|  | Valley National Bancorp | 913107 | 11560 |
|  | Cadence Bank | 385042 | 11105 |
|  | First Financial Bankshares Inc. | 285990 | 10567 |
|  | Home BancShares Inc. | 411108 | 10463 |
|  | FNB Corp. | 739584 | 10428 |
|  | Hancock Whitney Corp. | 181680 | 9963 |
|  | Umpqua Holdings Corp. | 456799 | 9259 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Independent Bank Corp. (XNGS) | 96905 | 8772 |
|  | United Community Banks Inc. | 223229 | 8699 |
|  | CVB Financial Corp. | 295611 | 8478 |
|  | First Interstate BancSystem Inc. Class A | 191711 | 8362 |
|  | UMB Financial Corp. | 97081 | 8302 |
|  | ServisFirst Bancshares Inc. | 103835 | 7873 |
|  | Associated Banc-Corp. | 318788 | 7842 |
|  | Community Bank System Inc. | 114337 | 7448 |
|  | Pacific Premier Bancorp Inc. | 200918 | 7424 |
|  | Ameris Bancorp | 138985 | 7349 |
|  | First Hawaiian Inc. | 269133 | 7145 |
|  | Cathay General Bancorp | 148740 | 6912 |
|  | Bank of Hawaii Corp. | 84519 | 6818 |
|  | BOK Financial Corp. | 64995 | 6806 |
|  | Eastern Bankshares Inc. | 339215 | 6652 |
|  | Fulton Financial Corp. | 355056 | 6600 |
|  | PacWest Bancorp | 250112 | 6533 |
| <sup>\*</sup> | Texas Capital Bancshares Inc. | 105618 | 6336 |
|  | Simmons First National Corp. Class A | 271609 | 6304 |
|  | International Bancshares Corp. | 117837 | 6208 |
|  | First BanCorp (XNYS) | 398054 | 6122 |
|  | BankUnited Inc. | 165053 | 6061 |
|  | Atlantic Union Bankshares Corp. | 158187 | 5643 |
|  | Columbia Banking System Inc. | 165367 | 5632 |
|  | First Merchants Corp. | 126577 | 5596 |
|  | First Financial Bancorp | 202405 | 5350 |
|  | Independent Bank Group Inc. | 78387 | 5169 |
|  | Park National Corp. | 34159 | 5169 |
|  | Banner Corp. | 72661 | 5131 |
|  | WesBanco Inc. | 125954 | 5095 |
|  | Washington Federal Inc. | 137407 | 4846 |
|  | Renasant Corp. | 117283 | 4782 |
|  | Towne Bank | 144930 | 4681 |
|  | Stock Yards Bancorp Inc. | 61337 | 4540 |
|  | Trustmark Corp. | 122591 | 4484 |
|  | Seacoast Banking Corp. of Florida | 128586 | 4421 |
|  | Heartland Financial USA Inc. | 88927 | 4339 |
|  | Lakeland Financial Corp. | 53795 | 4248 |
|  | NBT Bancorp Inc. | 90855 | 4194 |
|  | Enterprise Financial Services Corp. | 74860 | 3918 |
|  | Northwest Bancshares Inc. | 253587 | 3877 |
|  | BancFirst Corp. | 37847 | 3858 |
|  | Veritex Holdings Inc. | 113595 | 3710 |
|  | First Bancorp (XNGS) | 75119 | 3653 |
|  | Westamerica BanCorp | 57349 | 3541 |
|  | Hope Bancorp Inc. | 253519 | 3453 |
|  | TriCo Bancshares | 63014 | 3434 |
|  | FB Financial Corp. | 80127 | 3430 |
|  | Sandy Spring Bancorp Inc. | 94692 | 3297 |
|  | City Holding Co. | 31825 | 3244 |
|  | Hilltop Holdings Inc. | 107697 | 3209 |
|  | Eagle Bancorp Inc. | 67738 | 3194 |
| <sup>\*</sup> | Bancorp Inc. | 106195 | 3183 |
|  | Stellar Bancorp Inc. | 93880 | 3174 |
|  | S&T Bancorp Inc. | 82302 | 3080 |
|  | National Bank Holdings Corp. Class A | 64213 | 2987 |
| <sup>\*</sup> | Triumph Bancorp Inc. | 49773 | 2974 |
|  | OFG Bancorp | 100722 | 2918 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | OceanFirst Financial Corp. | 124064 | 2898 |
|  | First Busey Corp. | 110085 | 2870 |
|  | First Commonwealth Financial Corp. | 194566 | 2864 |
|  | Berkshire Hills Bancorp Inc. | 90246 | 2814 |
|  | Pathward Financial Inc. | 61375 | 2672 |
|  | Heritage Financial Corp. | 75255 | 2476 |
|  | Lakeland Bancorp Inc. | 131955 | 2465 |
|  | Dime Community Bancshares Inc. | 68505 | 2444 |
|  | Preferred Bank | 31507 | 2382 |
|  | German American Bancorp Inc. | 58442 | 2329 |
|  | Tompkins Financial Corp. | 27710 | 2315 |
|  | Southside Bancshares Inc. | 63301 | 2300 |
|  | Live Oak Bancshares Inc. | 68293 | 2278 |
|  | Brookline Bancorp Inc. | 159973 | 2275 |
| <sup>\*</sup> | Nicolet Bankshares Inc. | 27147 | 2246 |
|  | 1st Source Corp. | 39188 | 2238 |
|  | Premier Financial Corp. | 75339 | 2198 |
| <sup>\*</sup> | Customers Bancorp Inc. | 65244 | 2105 |
|  | Banc of California Inc. | 118154 | 2005 |
|  | ConnectOne Bancorp Inc. | 73930 | 1940 |
|  | Heritage Commerce Corp. | 129852 | 1845 |
|  | Origin Bancorp Inc. | 44921 | 1838 |
|  | Washington Trust Bancorp Inc. | 36825 | 1832 |
|  | QCR Holdings Inc. | 34777 | 1830 |
| <sup>\*</sup> | Silvergate Capital Corp. Class A | 66613 | 1827 |
|  | Peoples Bancorp Inc. | 59485 | 1785 |
|  | Univest Financial Corp. | 63138 | 1781 |
|  | Hanmi Financial Corp. | 65315 | 1767 |
|  | First Bancorp Inc. (XNMS) | 48368 | 1654 |
|  | Community Trust Bancorp Inc. | 33164 | 1589 |
|  | Amerant Bancorp Inc. | 53823 | 1586 |
|  | First Foundation Inc. | 106976 | 1499 |
|  | HarborOne Bancorp Inc. | 98263 | 1438 |
|  | Peapack-Gladstone Financial Corp. | 34787 | 1434 |
|  | Horizon Bancorp Inc. | 84061 | 1367 |
|  | Camden National Corp. | 31098 | 1361 |
|  | First Mid Bancshares Inc. | 38691 | 1341 |
| <sup>\*</sup> | Metropolitan Bank Holding Corp. | 21068 | 1339 |
| <sup>\*</sup> | CrossFirst Bankshares Inc. | 95631 | 1326 |
|  | Great Southern Bancorp Inc. | 20774 | 1301 |
|  | Flushing Financial Corp. | 61100 | 1275 |
|  | Cambridge Bancorp | 14293 | 1271 |
|  | Bank of Marin Bancorp | 34959 | 1255 |
|  | Arrow Financial Corp. | 34547 | 1215 |
|  | Central Pacific Financial Corp. | 56756 | 1203 |
|  | Midland States Bancorp Inc. | 44379 | 1194 |
| <sup>\*</sup> | Coastal Financial Corp. | 23824 | 1189 |
|  | First Community Bankshares Inc. | 32065 | 1185 |
|  | First Financial Corp. | 23785 | 1143 |
|  | Mercantile Bank Corp. | 31373 | 1092 |
|  | HomeStreet Inc. | 39212 | 1070 |
|  | Byline Bancorp Inc. | 46491 | 1059 |
|  | Carter Bankshares Inc. | 52453 | 972 |
|  | SmartFinancial Inc. | 30740 | 922 |
|  | Republic Bancorp Inc. Class A | 20592 | 907 |
|  | Amalgamated Financial Corp. | 33600 | 896 |
|  | Capstar Financial Holdings Inc. | 39939 | 715 |
|  |  |  | **3604503** |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Market<br> Value<br> ($000)** |
| **Capital Markets (27.2%)** | **Capital Markets (27.2%)** | **Capital Markets (27.2%)** | **Capital Markets (27.2%)** |
|  | Goldman Sachs Group Inc. | 722354 | 278937 |
|  | S&P Global Inc. | 720949 | 254351 |
|  | Charles Schwab Corp. | 3077057 | 253980 |
|  | Morgan Stanley | 2724778 | 253595 |
|  | BlackRock Inc. | 319152 | 228513 |
|  | Blackstone Inc. | 1483954 | 135826 |
|  | CME Group Inc. | 760524 | 134232 |
|  | Intercontinental Exchange Inc. | 1181886 | 128010 |
|  | Moody's Corp. | 349720 | 104311 |
|  | MSCI Inc. Class A | 170255 | 86461 |
|  | Ameriprise Financial Inc. | 228682 | 75911 |
|  | Bank of New York Mellon Corp. | 1623450 | 74516 |
|  | State Street Corp. | 777543 | 61947 |
|  | KKR & Co. Inc. | 1182084 | 61374 |
|  | T Rowe Price Group Inc. | 477344 | 59625 |
|  | Nasdaq Inc. | 731120 | 50052 |
|  | Raymond James Financial Inc. | 410726 | 48014 |
|  | LPL Financial Holdings Inc. | 168976 | 39998 |
|  | Northern Trust Corp. | 419005 | 39013 |
|  | FactSet Research Systems Inc. | 80324 | 37053 |
|  | Cboe Global Markets Inc. | 224169 | 28434 |
|  | Ares Management Corp. Class A | 327734 | 25691 |
|  | MarketAxess Holdings Inc. | 79780 | 21375 |
|  | Franklin Resources Inc. | 631765 | 16938 |
|  | Interactive Brokers Group Inc. Class A | 206690 | 16597 |
|  | SEI Investments Co. | 243138 | 15143 |
|  | Jefferies Financial Group Inc. | 393312 | 14942 |
|  | Stifel Financial Corp. | 224850 | 14447 |
|  | Tradeweb Markets Inc. Class A | 228143 | 14022 |
|  | Invesco Ltd. | 720316 | 13765 |
|  | Morningstar Inc. | 54043 | 13248 |
|  | Carlyle Group Inc. | 419004 | 13060 |
|  | Affiliated Managers Group Inc. | 80829 | 12967 |
| <sup>\*,1</sup> | Coinbase Global Inc. Class A | 262042 | 11983 |
|  | Houlihan Lokey Inc. Class A | 105035 | 10330 |
|  | Evercore Inc. Class A | 78654 | 9059 |
|  | Janus Henderson Group plc | 297526 | 7524 |
|  | Federated Hermes Inc. | 179258 | 6805 |
|  | Blue Owl Capital Inc. Class A | 531124 | 6002 |
|  | Moelis & Co. Class A | 136313 | 5891 |
|  | Hamilton Lane Inc. Class A | 74880 | 5532 |
| <sup>\*</sup> | Robinhood Markets Inc. Class A | 562220 | 5392 |
|  | Piper Sandler Cos. | 36932 | 5306 |
|  | Artisan Partners Asset Management Inc. Class A | 142240 | 4934 |
| <sup>\*</sup> | Focus Financial Partners Inc. Class A | 123341 | 4707 |
|  | Virtu Financial Inc. Class A | 186419 | 4135 |
|  | Cohen & Steers Inc. | 57170 | 3787 |
|  | PJT Partners Inc. Class A | 49163 | 3786 |
| <sup>\*</sup> | StoneX Group Inc. | 36083 | 3661 |
|  | StepStone Group Inc. Class A | 104834 | 3143 |
|  | Virtus Investment Partners Inc. | 15261 | 2960 |
|  | BGC Partners Inc. Class A | 657916 | 2836 |
|  | TPG Inc. | 83644 | 2785 |
| <sup>\*,1</sup> | Freedom Holding Corp. | 37068 | 2339 |
| <sup>\*</sup> | Blucora Inc. | 91461 | 2291 |
| <sup>\*</sup> | Donnelley Financial Solutions Inc. | 56697 | 2165 |
|  | Cowen Inc. Class A | 54383 | 2102 |

---

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| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
| <sup>\*</sup> | Open Lending Corp. Class A | 225045 | 1591 |
|  | B Riley Financial Inc. | 32833 | 1442 |
|  | Brightsphere Investment Group Inc. | 67861 | 1382 |
|  | WisdomTree Inc. | 224966 | 1253 |
|  | Diamond Hill Investment Group Inc. | 6305 | 1122 |
|  | Victory Capital Holdings Inc. Class A | 35655 | 1034 |
|  | Perella Weinberg Partners Class A | 90201 | 863 |
|  | Bridge Investment Group Holdings Inc. Class A | 56103 | 856 |
|  | P10 Inc. Class A | 83226 | 851 |
|  | Associated Capital Group Inc. Class A | 6733 | 272 |
|  |  |  | **2756469** |
| **Consumer Finance (4.8%)** | **Consumer Finance (4.8%)** | **Consumer Finance (4.8%)** | **Consumer Finance (4.8%)** |
|  | American Express Co. | 1349029 | 212594 |
|  | Capital One Financial Corp. | 811347 | 83763 |
|  | Discover Financial Services | 577325 | 62559 |
|  | Synchrony Financial | 1018177 | 38263 |
|  | Ally Financial Inc. | 652207 | 17616 |
|  | OneMain Holdings Inc. | 247744 | 9751 |
|  | SLM Corp. | 530899 | 9270 |
|  | FirstCash Holdings Inc. | 84929 | 7971 |
| <sup>\*</sup> | Credit Acceptance Corp. | 13610 | 6451 |
| <sup>\*,1</sup> | SoFi Technologies Inc. | 1258066 | 6076 |
|  | Navient Corp. | 300011 | 4971 |
|  | Bread Financial Holdings Inc. | 106579 | 4373 |
| <sup>\*,1</sup> | Upstart Holdings Inc. | 155153 | 3033 |
|  | Nelnet Inc. Class A | 30620 | 3017 |
| <sup>\*</sup> | PRA Group Inc. | 83667 | 2877 |
| <sup>\*</sup> | Enova International Inc. | 67583 | 2726 |
| <sup>\*</sup> | Encore Capital Group Inc. | 51392 | 2590 |
| <sup>\*</sup> | LendingClub Corp. | 221943 | 2288 |
| <sup>\*</sup> | Green Dot Corp. Class A | 103465 | 2109 |
| <sup>\*</sup> | PROG Holdings Inc. | 106931 | 2105 |
| <sup>\*</sup> | LendingTree Inc. | 23135 | 554 |
| <sup>\*</sup> | World Acceptance Corp. | 7384 | 524 |
| <sup>\*</sup> | NerdWallet Inc. Class A | 29596 | 376 |
|  | Curo Group Holdings Corp. | 37180 | 133 |
|  |  |  | **485990** |
| **Diversified Financial Services (9.7%)** | **Diversified Financial Services (9.7%)** | **Diversified Financial Services (9.7%)** | **Diversified Financial Services (9.7%)** |
| <sup>\*</sup> | Berkshire Hathaway Inc. Class B | 2752931 | 877084 |
|  | Apollo Global Management Inc. | 845499 | 58669 |
|  | Equitable Holdings Inc. | 794059 | 25203 |
|  | Voya Financial Inc. | 207076 | 13663 |
|  | Jackson Financial Inc. Class A | 107302 | 4008 |
| <sup>\*</sup> | Cannae Holdings Inc. | 153897 | 3566 |
| <sup>1</sup> | Compass Diversified Holdings | 137255 | 2685 |
|  | A-Mark Precious Metals Inc. | 38416 | 1325 |
|  | Corebridge Financial Inc. | 16737 | 372 |
|  |  |  | **986575** |
| **Insurance (20.5%)** | **Insurance (20.5%)** | **Insurance (20.5%)** | **Insurance (20.5%)** |
|  | Chubb Ltd. | 883678 | 194047 |
|  | Marsh & McLennan Cos. Inc. | 1056151 | 182904 |
|  | Progressive Corp. | 1237444 | 163528 |
|  | Aon plc Class A (XNYS) | 446340 | 137598 |
|  | MetLife Inc. | 1436265 | 110161 |
|  | American International Group Inc. | 1610389 | 101632 |
|  | Travelers Cos. Inc. | 502284 | 95338 |
|  | Aflac Inc. | 1270703 | 91402 |

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| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Arthur J Gallagher & Co. | 444856 | 88575 |
|  | Prudential Financial Inc. | 786996 | 85019 |
|  | Allstate Corp. | 571610 | 76539 |
|  | Willis Towers Watson plc | 232551 | 57245 |
|  | Hartford Financial Services Group Inc. | 683558 | 52203 |
|  | Principal Financial Group Inc. | 527106 | 47271 |
| <sup>\*</sup> | Markel Corp. | 28621 | 37918 |
|  | Cincinnati Financial Corp. | 320005 | 35508 |
|  | W R Berkley Corp. | 448880 | 34241 |
| <sup>\*</sup> | Arch Capital Group Ltd. | 505575 | 30289 |
|  | Brown & Brown Inc. | 507403 | 30236 |
|  | Everest Re Group Ltd. | 83250 | 28133 |
|  | Loews Corp. | 433014 | 25180 |
|  | Globe Life Inc. | 195709 | 23477 |
|  | Fidelity National Financial Inc. | 555447 | 22418 |
|  | American Financial Group Inc. | 153117 | 21776 |
|  | Reinsurance Group of America Inc. | 141438 | 20424 |
|  | Unum Group | 423029 | 17843 |
|  | RenaissanceRe Holdings Ltd. | 92473 | 17469 |
|  | Old Republic International Corp. | 621140 | 15218 |
|  | Erie Indemnity Co. Class A | 53769 | 15184 |
|  | Assurant Inc. | 112584 | 14435 |
|  | Kinsale Capital Group Inc. | 46130 | 14218 |
|  | Lincoln National Corp. | 344638 | 13420 |
|  | Selective Insurance Group Inc. | 127376 | 12243 |
|  | First American Financial Corp. | 220663 | 12059 |
|  | Primerica Inc. | 79254 | 11811 |
|  | RLI Corp. | 86105 | 11200 |
|  | Hanover Insurance Group Inc. | 75518 | 11124 |
|  | Axis Capital Holdings Ltd. | 170742 | 9828 |
| <sup>\*</sup> | Brighthouse Financial Inc. | 152119 | 8479 |
|  | Assured Guaranty Ltd. | 124712 | 8302 |
|  | Kemper Corp. | 134482 | 7655 |
|  | White Mountains Insurance Group Ltd. | 5423 | 7369 |
| <sup>\*</sup> | Ryan Specialty Holdings Inc. | 177312 | 7142 |
|  | American Equity Investment Life Holding Co. | 157601 | 6384 |
|  | CNO Financial Group Inc. | 243604 | 5720 |
| <sup>\*</sup> | Genworth Financial Inc. Class A | 1077741 | 5421 |
| <sup>\*</sup> | Enstar Group Ltd. | 23775 | 5183 |
| <sup>\*</sup> | BRP Group Inc. Class A | 128033 | 3846 |
| <sup>\*</sup> | Trupanion Inc. | 72600 | 3795 |
| <sup>\*</sup> | Palomar Holdings Inc. | 53305 | 3344 |
|  | Horace Mann Educators Corp. | 85450 | 3297 |
|  | Safety Insurance Group Inc. | 30691 | 2816 |
|  | Employers Holdings Inc. | 57523 | 2673 |
|  | Stewart Information Services Corp. | 56918 | 2519 |
|  | AMERISAFE Inc. | 41261 | 2450 |
|  | ProAssurance Corp. | 113434 | 2268 |
|  | Mercury General Corp. | 58156 | 2110 |
|  | Argo Group International Holdings Ltd. | 72256 | 1964 |
|  | James River Group Holdings Ltd. | 80485 | 1933 |
| <sup>\*,1</sup> | Lemonade Inc. | 92984 | 1846 |
| <sup>\*</sup> | Goosehead Insurance Inc. Class A | 40221 | 1633 |
|  | United Fire Group Inc. | 43631 | 1333 |
| <sup>\*</sup> | MBIA Inc. | 95593 | 1215 |
| <sup>\*</sup> | SiriusPoint Ltd. | 183437 | 1196 |
|  | National Western Life Group Inc. Class A | 5331 | 1124 |
|  | HCI Group Inc. | 16029 | 600 |

---

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| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Donegal Group Inc. Class A | 35367 | 526 |
| <sup>\*</sup> | Hagerty Inc. Class A | 52073 | 475 |
| <sup>\*</sup> | Hippo Holdings Inc. | 23834 | 356 |
| <sup>\*</sup> | Oscar Health Inc. Class A | 87003 | 251 |
|  |  |  | **2074339** |
| **Mortgage Real Estate Investment Trusts (REITs) (1.1%)** | **Mortgage Real Estate Investment Trusts (REITs) (1.1%)** | **Mortgage Real Estate Investment Trusts (REITs) (1.1%)** | **Mortgage Real Estate Investment Trusts (REITs) (1.1%)** |
|  | Annaly Capital Management Inc. | 989852 | 21450 |
|  | Starwood Property Trust Inc. | 652986 | 13980 |
|  | AGNC Investment Corp. | 1103757 | 11027 |
|  | Rithm Capital Corp. | 990416 | 8963 |
|  | Blackstone Mortgage Trust Inc. Class A | 340524 | 8605 |
|  | Hannon Armstrong Sustainable Infrastructure Capital Inc. | 186341 | 6045 |
|  | Arbor Realty Trust Inc. | 325063 | 4837 |
|  | Apollo Commercial Real Estate Finance Inc. | 278742 | 3445 |
|  | Chimera Investment Corp. | 488433 | 3346 |
|  | Two Harbors Investment Corp. | 181887 | 2983 |
|  | PennyMac Mortgage Investment Trust | 194753 | 2974 |
|  | Ready Capital Corp. | 219339 | 2939 |
|  | Claros Mortgage Trust Inc. | 163722 | 2829 |
|  | Ladder Capital Corp. Class A | 245838 | 2729 |
|  | Franklin BSP Realty Trust Inc. REIT | 176671 | 2579 |
|  | New York Mortgage Trust Inc. | 812363 | 2283 |
|  | MFA Financial Inc. REIT | 195547 | 2186 |
|  | Redwood Trust Inc. | 241922 | 1911 |
|  | KKR Real Estate Finance Trust Inc. | 107169 | 1774 |
|  | Ellington Financial Inc. | 122825 | 1675 |
|  | ARMOUR Residential REIT Inc. | 250958 | 1476 |
|  | Brightspire Capital Inc. Class A | 203566 | 1454 |
|  | Ares Commercial Real Estate Corp. | 107754 | 1343 |
|  | Dynex Capital Inc. | 94886 | 1243 |
|  | Broadmark Realty Capital Inc. | 279717 | 1138 |
|  | Invesco Mortgage Capital REIT | 68309 | 897 |
|  | TPG RE Finance Trust Inc. | 112143 | 831 |
| <sup>1</sup> | Orchid Island Capital Inc. REIT | 71497 | 776 |
|  | Granite Point Mortgage Trust Inc. | 111359 | 714 |
|  |  |  | **118432** |
| **Thrifts & Mortgage Finance (0.9%)** | **Thrifts & Mortgage Finance (0.9%)** | **Thrifts & Mortgage Finance (0.9%)** | **Thrifts & Mortgage Finance (0.9%)** |
|  | New York Community Bancorp Inc. | 982405 | 9185 |
|  | Essent Group Ltd. | 228390 | 9156 |
|  | MGIC Investment Corp. | 639770 | 8784 |
|  | Radian Group Inc. | 340725 | 6668 |
|  | WSFS Financial Corp. | 134117 | 6506 |
| <sup>\*</sup> | Mr Cooper Group Inc. | 143771 | 6493 |
|  | Walker & Dunlop Inc. | 66555 | 5944 |
|  | PennyMac Financial Services Inc. | 94344 | 5629 |
| <sup>\*</sup> | Axos Financial Inc. | 114520 | 4593 |
|  | Flagstar Bancorp Inc. | 113616 | 4265 |
| <sup>\*</sup> | NMI Holdings Inc. Class A | 168458 | 3627 |
|  | Provident Financial Services Inc. | 149069 | 3359 |
|  | Federal Agricultural Mortgage Corp. Class C | 19568 | 2463 |
|  | Capitol Federal Financial Inc. | 279834 | 2342 |
| <sup>1</sup> | Rocket Cos. Inc. Class A | 250129 | 2076 |
| <sup>\*</sup> | Columbia Financial Inc. | 83113 | 1835 |
|  | TrustCo Bank Corp. NY | 41645 | 1618 |
|  | Northfield Bancorp Inc. | 92587 | 1477 |
|  | Kearny Financial Corp. | 134380 | 1299 |
|  | Merchants Bancorp | 36279 | 928 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | Market<br> Value<br> ($000) |
|  | Hingham Institution for Savings | 3076 | 903 |
|  | Southern Missouri Bancorp Inc. | 16543 | 858 |
|  |  |  | **90008** |
| **Total Common Stocks (Cost $9,545,020)** | **Total Common Stocks (Cost $9,545,020)** | **Total Common Stocks (Cost $9,545,020)** | **10116316** |
| **Temporary Cash Investments (0.3%)** | **Temporary Cash Investments (0.3%)** | **Temporary Cash Investments (0.3%)** | **Temporary Cash Investments (0.3%)** |
| **Money Market Fund (0.3%)** | **Money Market Fund (0.3%)** | **Money Market Fund (0.3%)** | **Money Market Fund (0.3%)** |
| <sup>2,3</sup> | Vanguard Market Liquidity Fund, 3.877% **(Cost $29,726)** | 297354 | **29733** |
| **Total Investments (100.1%) (Cost $9,574,746)** | **Total Investments (100.1%) (Cost $9,574,746)** | **Total Investments (100.1%) (Cost $9,574,746)** | **10146049** |
| **Other Assets and Liabilities—Net (-0.1%)** | **Other Assets and Liabilities—Net (-0.1%)** | **Other Assets and Liabilities—Net (-0.1%)** | **(13539)** |
| **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | **10132510** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $22,713,000. |
| 2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 3 | Collateral of $22,252,000 was received for securities on loan. |

---

REIT—Real Estate Investment Trust.

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps |
| Reference Entity | Termination<br> Date | Counterparty | Notional<br> Amount<br> ($000) | Floating<br> Interest Rate<br> Received<br> (Paid)<sup>1</sup><br> (%) | Value and<br> Unrealized<br> Appreciation<br> ($000) | Value and<br> Unrealized<br> (Depreciation)<br> ($000) |
| Arch Capital Group Ltd. | 8/31/23 | BANA | 16475 | (3.776) |  | (50) |

---

1 Based on 1M USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly. <br> 1M—1-month. <br> BANA—Bank of America, N.A.

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.

B. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference

------

stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty's default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.

C. Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

The following table summarizes the market value of the fund's investments and derivatives as of November 30, 2022, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | &nbsp;&nbsp;10116316 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;10116316 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29733 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29733 |
| Total | 10146049 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;10146049 |
| **Derivative Financial Instruments** |  |  |  |  |
| Liabilities |  |  |  |  |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD WORLD FUND

- **b. Investment Company Act file number:** 811-01027

- **c. CIK number of Registrant:** 0000052848

- **d. LEI of Registrant:** 549300MP6BT0L4Q61L10

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

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

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

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

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

- **a. Name of Series:** VANGUARD FINANCIALS INDEX FUND

- **b. EDGAR series identifier (if any):** S000004449

- **c. LEI of Series:** G1LHPY5HPCPGWBXV0P88

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $10146264274.87

**Total Liabilities:** $488480.06

**Net Assets:** $10145775794.81

**Cash Not Reported:** $791409.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012220 | -7.96%               | 12.21%               | 6.17%                |
| Class ID C000012221 | -7.98%               | 12.21%               | 6.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10655622.13             | $-768635675.00                             |
| Month 2  | $62087180.89             | $964355124.36                              |
| Month 3  | $34682506.95             | $525203017.17                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Camden National Corp                                    | CAMDEN NATIONAL                             | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |     31119 | NS      | $1362389.82   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                                      | ORIGIN BANCORP I                            | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     44951 | NS      | $1839394.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                                        | ENSTAR GROUP LTD                            | CUSIP: G3075P101<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               | CORP              | US        |     24338 | NS      | $5305440.62   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Savings The                     | HINGHAM INST SVG                            | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |      3076 | NS      | $902744.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp                                   | FULTON FINANCIAL                            | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    349842 | NS      | $6503562.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc                                    | ONEMAIN HOLDINGS                            | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    250550 | NS      | $9861648.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                      | HOULIHAN LOKEY I                            | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    104077 | NS      | $10235972.95  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                       | STATE ST CORP                               | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    774744 | NS      | $61723854.48  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc                                | TPG RE FINANCE T                            | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112218 | NS      | $831535.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                 | AON PLC-CLASS A                             | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |    448194 | NS      | $138169246.32 | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                                     | SVB FINANCIAL GR                            | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |    124496 | NS      | $28855682.88  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                              | UNUM GROUP                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |    423308 | NS      | $17855131.44  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                              | NASDAQ INC                                  | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |    729395 | NS      | $49934381.70  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                                 | GOOSEHEAD INSU-A                            | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     40248 | NS      | $1634471.28   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Bancorp Inc/KY                                 | REPUBLIC BNCRP-A                            | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20607 | NS      | $908150.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem Inc                         | FIRST INTER/MT-A                            | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    195737 | NS      | $8538047.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc                                | SOUTHSIDE BAN IN                            | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     63343 | NS      | $2301884.62   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                            | BREAD FINANCIAL                             | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    104029 | NS      | $4268309.87   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                          | S&P GLOBAL INC                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    732342 | NS      | $258370257.60 | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Capital Group Inc                            | ASSOCIATED CAP-A                            | CUSIP: 045528106<br>LEI: 549300FBGXGSSUE01W24 | Long             | EC               | CORP              | US        |      6736 | NS      | $272471.20    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp                                     | BANK OF HAWAII                              | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     85826 | NS      | $6923583.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                               | AXIS CAPITAL                                | CUSIP: G0692U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170853 | NS      | $9834298.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                             | MOELIS & CO-CL A                            | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |    136403 | NS      | $5895337.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp                                             | MARKEL CORP                                 | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |     28639 | NS      | $37942092.76  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp                      | ENTERPRISE FINAN                            | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     74908 | NS      | $3920684.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp Inc                             | COMMUNI TRUST BA                            | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33185 | NS      | $1589893.35   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                                         | 1ST SOURCE CORP                             | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39215 | NS      | $2239176.50   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                       | BROWN & BROWN                               | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    507736 | NS      | $30255988.24  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                                      | COHEN & STEERS                              | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     55695 | NS      | $3689793.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                            | KKR & CO INC                                | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |   1188159 | NS      | $61689215.28  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp Inc                             | BERKSHIRE HILLS                             | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     93578 | NS      | $2917762.04   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Bancorp Inc                                     | TRIUMPH BANCORP                             | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     49806 | NS      | $2976406.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                            | HUNTINGTON BANC                             | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |   3036887 | NS      | $47011010.76  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc                        | PROVIDENT FINANC                            | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |    149168 | NS      | $3360755.04   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA                               | COASTAL FINANCIA                            | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     21806 | NS      | $1088555.52   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc                                 | BRIGHTSPIRE CAPI                            | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    203701 | NS      | $1454425.14   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Bancorp Inc                                    | LAKELAND BANCORP                            | CUSIP: 511637100<br>LEI: 549300NF90LR9ETZDR73 | Long             | EC               | CORP              | US        |    132039 | NS      | $2466488.52   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc                           | BLACKSTONE MOR-A                            | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    340749 | NS      | $8610727.23   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp                         | OLD REPUB INTL                              | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    616254 | NS      | $15098223.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                                    | ARES MANAGEM- A                             | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    307218 | NS      | $24082819.02  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp                                    | FIRST MERCHANTS                             | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |    124346 | NS      | $5497336.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                                         | SOUTHSTATE CORP                             | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    160072 | NS      | $14062325.20  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Financial Corp                                    | ARROW FINL CORP                             | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |     34571 | NS      | $1215862.07   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Focus Financial Partners Inc                            | FOCUS FINANCIA-A                            | CUSIP: 34417P100<br>LEI: 5493006FFJCGLZ246V12 | Long             | EC               | CORP              | US        |    123422 | NS      | $4709783.52   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                                    | MERCHANTS BANCOR                            | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     36303 | NS      | $928993.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MBIA Inc                                                | MBIA INC                                    | CUSIP: 55262C100<br>LEI: 54F1KGFE2KNP3VAL3P42 | Long             | EC               | CORP              | US        |     95656 | NS      | $1215787.76   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                               | FIRST BANCORP PR                            | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    415857 | NS      | $6395880.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                | WESTERN ALLIANCE                            | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    228202 | NS      | $15640965.08  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                                | WILLIS TOWERS WA                            | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | US        |    235116 | NS      | $57876154.56  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                             | PACIFIC PREMIER                             | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |    201050 | NS      | $7428797.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                          | METROPOLITAN BAN                            | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21083 | NS      | $1339613.82   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC                        | FIRST CITIZENS-A                            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |     25270 | NS      | $20631944.20  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                       | HAMILTON LANE-A                             | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     74928 | NS      | $5535680.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                    | PROGRESSIVE CORP                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |   1234146 | NS      | $163092393.90 | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY                                    | TRUSTCO BANK NY                             | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39058 | NS      | $1517012.72   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                                 | LAKELAND FINL                               | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53831 | NS      | $4250495.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                                     | STELLAR BANCORP                             | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     93943 | NS      | $3176212.83   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                      | UMB FINANCIAL                               | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     97144 | NS      | $8307754.88   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp                                     | LADDER CAPITAL                              | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    245997 | NS      | $2730566.70   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                                | PRUDENTL FINL                               | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |    791236 | NS      | $85477225.08  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal Inc                                  | WASH FED                                    | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137497 | NS      | $4849519.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                      | SEI INVESTMENTS                             | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    246856 | NS      | $15374191.68  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                                    | AGNC INVESTMENT                             | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |   1104480 | NS      | $11033755.20  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadmark Realty Capital Inc                            | BROADMARK REALTY                            | CUSIP: 11135B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    279900 | NS      | $1139193.00   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                                  | T ROWE PRICE GRP                            | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |    479929 | NS      | $59947931.39  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                                           | AMERISAFE INC                               | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |     41288 | NS      | $2451268.56   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                                   | CUSTOMERS BANCOR                            | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     65286 | NS      | $2106779.22   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp                                 | TOMPKINS FINANCI                            | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |     27728 | NS      | $2316397.12   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                             | GOLDMAN SACHS GP                            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    724596 | NS      | $279802745.40 | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The                         | HANOVER INSURANC                            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     74878 | NS      | $11029529.40  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                              | US BANCORP                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   2978854 | NS      | $135210183.06 | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                              | CAPITAL ONE FINA                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    829730 | NS      | $85661325.20  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                              | COMMERCE BCSHS                              | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228885 | NS      | $17148064.20  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Marin Bancorp                                   | BANK OF MARIN BA                            | CUSIP: 063425102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34980 | NS      | $1255432.20   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                                        | PJT PARTNERS - A                            | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     49196 | NS      | $3788583.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc                                    | FIRST FOUNDATION                            | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |    107045 | NS      | $1499700.45   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                               | AFLAC INC                                   | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |   1290957 | NS      | $92858537.01  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                            | CITIZENS FINANCI                            | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |   1046897 | NS      | $44367494.86  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp                                      | READY CAPITAL CO                            | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    148192 | NS      | $1985772.80   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Corp                        | PEAPACK GLADSTON                            | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     34811 | NS      | $1434909.42   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                 | SCHWAB (CHARLES)                            | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   3066784 | NS      | $253132351.36 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc                                  | CONNECTONE BANCO                            | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     73978 | NS      | $1941182.72   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                            | EVERCORE INC                                | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     85443 | NS      | $9841324.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cannae Holdings Inc                                     | CANNAE HOLDINGS                             | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |    158815 | NS      | $3679743.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                               | PERELLA WEINBERG                            | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102633 | NS      | $982197.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                  | EQUITABLE HOLDIN                            | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    807188 | NS      | $25620147.12  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The                        | BANK NY MELLON                              | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   1617662 | NS      | $74250685.80  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                                        | QCR HOLDINGS INC                            | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     34801 | NS      | $1830880.61   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Holding Corp/NV                                 | FREEDOM HOLDING                             | CUSIP: 356390104<br>LEI: 254900RKI81EPUJ3RW71 | Long             | EC               | CORP              | US        |     37092 | NS      | $2340134.28   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| American Equity Investment Life Holding Co              | AMER EQUITY INVT                            | CUSIP: 025676206<br>LEI: 549300RK5RZQ740FPL83 | Long             | EC               | CORP              | US        |    167449 | NS      | $6783358.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                           | RENASANT CORP                               | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    117361 | NS      | $4784807.97   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                                     | WSFS FINANCIAL                              | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |    136849 | NS      | $6638544.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                   | STIFEL FINANCIAL                            | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    224997 | NS      | $14456057.25  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund       | Vanguard Market Liquidity Fund              | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    247602 | NS      | $24757750.08  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                                    | HILLTOP HOLDINGS                            | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |    107769 | NS      | $3211516.20   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                           | CME GROUP INC                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    758160 | NS      | $133815240.00 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                            | COMERICA INC                                | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |    275578 | NS      | $19769965.72  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                               | CHUBB LTD                                   | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |    899126 | NS      | $197439078.34 | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                                           | TRUPANION INC                               | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     72648 | NS      | $3797310.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                                      | PARK NATL CORP                              | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Long             | EC               | CORP              | US        |     34180 | NS      | $5172459.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc                               | BRIGHTHOUSE FINA                            | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |    157904 | NS      | $8801568.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                                    | PALOMAR HOLDINGS                            | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     53341 | NS      | $3346614.34   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                                           | BLACKROCK INC                               | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |    319536 | NS      | $228787776.00 | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                             | COLUMBIA BANKING                            | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165475 | NS      | $5636078.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                        | ZIONS BANCORP NA                            | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |    318830 | NS      | $16521770.60  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc                           | DIME COMMUNITY B                            | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71434 | NS      | $2548050.78   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                   | CARLYLE GROUP IN                            | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    419280 | NS      | $13068957.60  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc                       | DONNELLEY FINANC                            | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     60017 | NS      | $2291449.06   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc                              | MIDLAND STATES B                            | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |     44409 | NS      | $1195046.19   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandy Spring Bancorp Inc                                | SANDY SPRING BAN                            | CUSIP: 800363103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94755 | NS      | $3299369.10   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blucora Inc                                             | BLUCORA INC                                 | CUSIP: 095229100<br>LEI: 5299001IO03J69IP6L77 | Long             | EC               | CORP              | US        |     91521 | NS      | $2292601.05   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                                  | CATHAY GENERAL B                            | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |    151053 | NS      | $7019432.91   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Cooper Group Inc                                     | MR COOPER GROUP                             | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |    147326 | NS      | $6653242.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chimera Investment Corp                                 | CHIMERA INV CORP                            | CUSIP: 16934Q208<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |    504067 | NS      | $3452858.95   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                             | NATIONAL-CL A                               | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64255 | NS      | $2988500.05   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp                             | TWO HARBORS INVE                            | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |    182007 | NS      | $2984914.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                             | RAYMOND JAMES                               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    409993 | NS      | $47928181.70  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambridge Bancorp                                       | CAMBRIDGE BNCRP                             | CUSIP: 132152109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14302 | NS      | $1271590.82   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                               | CINCINNATI FIN                              | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |    321783 | NS      | $35705041.68  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                                         | SIRIUSPOINT LTD                             | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | US        |    183560 | NS      | $1196811.20   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannon Armstrong Sustainable Infrastructure Capital Inc | HANNON ARMSTRONG                            | CUSIP: 41068X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183159 | NS      | $5941677.96   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc                                  | NORTHFIELD BANCO                            | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92647 | NS      | $1477719.65   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CrossFirst Bankshares Inc                               | CROSSFIRST BANKS                            | CUSIP: 22766M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102992 | NS      | $1428499.04   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                                              | LOEWS CORP                                  | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |    440408 | NS      | $25609725.20  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT Inc                             | ARMOUR RESIDENTI                            | CUSIP: 042315507<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |    219270 | NS      | $1289307.60   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Financial USA Inc                             | HEARTLAND FINL                              | CUSIP: 42234Q102<br>LEI: 549300QF7B0DFZT32C73 | Long             | EC               | CORP              | US        |     88987 | NS      | $4341675.73   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Western Life Group Inc                         | NATIONAL WESTE-A                            | CUSIP: 638517102<br>LEI: 549300HPXNVHFT1BJ192 | Long             | EC               | CORP              | US        |      5334 | NS      | $1124407.20   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp                       | STEWART INFO SVC                            | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     56954 | NS      | $2520784.04   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust                      | PENNYMAC MORTGAG                            | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |    194879 | NS      | $2975802.33   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares Inc                                  | NICOLET BANKSHAR                            | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27165 | NS      | $2247088.80   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                                 | ELLINGTON FINANC                            | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |    122903 | NS      | $1676396.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp                             | SIMMONS FIRST -A                            | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |    276123 | NS      | $6408814.83   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA                           | PREFERRED BANK                              | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     31528 | NS      | $2383201.52   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp                                        | FIRST BUSEY CORP                            | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    110157 | NS      | $2871792.99   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                                      | AXOS FINANCIAL I                            | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |    112024 | NS      | $4493282.64   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc                            | TEXAS CAPITAL BA                            | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |    107716 | NS      | $6461882.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingTree Inc                                         | LENDINGTREE INC                             | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |     23150 | NS      | $554442.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                         | MORNINGSTAR INC                             | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |     54079 | NS      | $13256385.27  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The               | HARTFORD FINL SV                            | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    694391 | NS      | $53030640.67  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp Inc/IN                                  | HORIZON BANCORP                             | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     84115 | NS      | $1367709.90   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp Inc                            | WASH TRUST BANC                             | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     36849 | NS      | $1833606.24   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Group Inc                              | INDEPENDENT BANK                            | CUSIP: 45384B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80434 | NS      | $5303817.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital Inc                                       | DYNEX CAPITAL                               | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     78073 | NS      | $1022756.30   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp                      | FED AGRI MTG-C                              | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |     19580 | NS      | $2464143.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                    | TRADEWEB MARKE-A                            | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    226576 | NS      | $13925360.96  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                            | VICTORY CAPITA-A                            | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     35679 | NS      | $1034691.00   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                             | POPULAR INC                                 | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | US        |    161033 | NS      | $11758629.66  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                                             | KEMPER CORP                                 | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |    134569 | NS      | $7659667.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Bank System Inc                               | COMMUNITY BANK S                            | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |    112849 | NS      | $7350983.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                                          | WISDOMTREE INC                              | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    225119 | NS      | $1253912.83   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                                | TOWNE BANK                                  | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |    145026 | NS      | $4684339.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Commercial Real Estate Corp                        | ARES COMMERCIAL                             | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |    107826 | NS      | $1343511.96   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco Inc                                            | WESBANCO INC                                | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126038 | NS      | $5098237.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp                       | FIRST COMMON FIN                            | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |    201592 | NS      | $2967434.24   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                          | AMERIS BANCORP                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    139075 | NS      | $7354286.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                                | MARSH & MCLENNAN                            | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |   1059103 | NS      | $183415457.54 | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                             | METLIFE INC                                 | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |   1457405 | NS      | $111782963.50 | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp                                   | WORLD ACCEPTANCE                            | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7390 | NS      | $524024.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp                          | ATLANTIC UNION B                            | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    158292 | NS      | $5646275.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                                 | WINTRUST FINL                               | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |    120627 | NS      | $11028926.61  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                             | BANNER CORPORATI                            | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72709 | NS      | $5134709.58   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridge Investment Group Holdings Inc                    | BRIDGE INVESTM-A                            | CUSIP: 10806B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56142 | NS      | $856165.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Curo Group Holdings Corp                                | CURO GROUP HOLDI                            | CUSIP: 23131L107<br>LEI: 54930007KH8KCGJ4YE72 | Long             | EC               | CORP              | US        |     37204 | NS      | $132818.28    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                                 | FIRST FIN BANCRP                            | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    198678 | NS      | $5251059.54   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc                        | REINSURANCE GROU                            | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |    141531 | NS      | $20437076.40  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NerdWallet Inc                                          | NERDWALLET INC-A                            | CUSIP: 64082B102<br>LEI: 254900FJ2Y4SH71DJ379 | Long             | EC               | CORP              | US        |     22224 | NS      | $282244.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                                 | OLD NATL BANCORP                            | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    618519 | NS      | $11819898.09  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Partners Inc                                        | BGC PARTNERS-A                              | CUSIP: 05541T101<br>LEI: TF1LXM1YNB81WKUH5G19 | Long             | EC               | CORP              | US        |    658348 | NS      | $2837479.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc                                 | STOCK YARDS BANC                            | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     61376 | NS      | $4543051.52   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerant Bancorp Inc                                     | AMERANT BANCORP                             | CUSIP: 023576101<br>LEI: 5493007OCZP75TGDUY32 | Long             | EC               | CORP              | US        |     53859 | NS      | $1586686.14   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cowen Inc                                               | COWEN INC - A                               | CUSIP: 223622606<br>LEI: 5493008QI0EFC5WBED75 | Long             | EC               | CORP              | US        |     54419 | NS      | $2103838.54   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp                              | HORACE MANN EDUC                            | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     88143 | NS      | $3401438.37   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                                    | BLUE OWL CAPITAL                            | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    531472 | NS      | $6005633.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp                                            | NAVIENT CORP                                | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    311930 | NS      | $5168680.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc                                              | NELNET INC-CL A                             | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |     31781 | NS      | $3131699.74   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                                | RLI CORP                                    | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     86162 | NS      | $11207091.34  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                                | MARKETAXESS                                 | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     79439 | NS      | $21283296.88  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc                                 | ENOVA INTERNATIO                            | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     67628 | NS      | $2728113.52   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                                     | GLACIER BANCORP                             | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    234204 | NS      | $13560411.60  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                        | AMERICAN INTERNA                            | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   1672156 | NS      | $105529765.16 | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                                | SLM CORP                                    | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    567041 | NS      | $9900535.86   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Point Mortgage Trust Inc                        | GRANITE POINT MO                            | CUSIP: 38741L107<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EC               | CORP              | US        |    111434 | NS      | $714291.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Mortgage Capital Inc                            | INVESCO MORTGAGE                            | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |     68354 | NS      | $897488.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA                           | UNITED COMMUNITY                            | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |    223376 | NS      | $8704962.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                                  | REGIONS FINANCIA                            | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |   1970719 | NS      | $45740387.99  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                                   | ROBINHOOD MARK-A                            | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    551720 | NS      | $5290994.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                                       | PROG HOLDINGS IN                            | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |    115812 | NS      | $2280338.28   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings                            | COMPASS DIVERSIF                            | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |    131272 | NS      | $2567680.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Brightsphere Investment Group Inc                       | BRIGHTSPHERE INV                            | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     67906 | NS      | $1382566.16   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                           | PRINCIPAL FINL                              | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |    532941 | NS      | $47794148.88  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                                  | EMPLOYERS HOLDIN                            | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57562 | NS      | $2674906.14   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                                   | INDEP BANK/MA                               | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     98160 | NS      | $8885443.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc                       | KKR REAL ESTATE                             | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    107238 | NS      | $1774788.90   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial Inc                                       | MFA FINANCIAL                               | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |    195673 | NS      | $2187624.14   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                          | ROCKET COS INC-A                            | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250294 | NS      | $2077440.20   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Central Pacific Financial Corp                          | CENTRAL PACIFIC                             | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     56795 | NS      | $1203486.05   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                                           | M&T BANK CORP                               | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |    378738 | NS      | $64393034.76  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc                           | ANNALY CAPITAL M                            | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |    907356 | NS      | $19662404.52  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc                                  | GENWORTH FINANCI                            | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |   1076428 | NS      | $5414432.84   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                  | ARCH CAPITAL GRP                            | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | US        |    517170 | NS      | $30983654.70  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                                | ENCORE CAPITAL G                            | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     51425 | NS      | $2591820.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                                 | ARTHUR J GALLAGH                            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    443449 | NS      | $88295130.39  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Financial Corp                                  | PREMIER FINANCIA                            | CUSIP: 74052F108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75387 | NS      | $2199792.66   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Community Bancorp Inc                          | NY COMM BANCORP                             | CUSIP: 649445103<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    993804 | NS      | $9292067.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                                          | TRUSTMARK CORP                              | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |    122672 | NS      | $4487341.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc                                      | BYLINE BANCORP I                            | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |     46521 | NS      | $1060213.59   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc                           | SELECT INS GRP                              | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |    127460 | NS      | $12251455.20  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancshares Inc/The                                | FIRST BANCSHARES                            | CUSIP: 318916103<br>LEI: 5493006DL5RXJODMAF36 | Long             | EC               | CORP              | US        |     43420 | NS      | $1484529.80   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd                                    | EVEREST RE GROUP                            | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | US        |     83304 | NS      | $28151753.76  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                                    | ASSURED GUARANTY                            | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | US        |    128432 | NS      | $8549718.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                                      | BOK FINL CORP                               | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     65037 | NS      | $6810024.27   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                                    | HANCOCK WHITNEY                             | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |    181800 | NS      | $9969912.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA                                  | FIRST REPUBLIC B                            | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |    379247 | NS      | $48395709.67  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                        | WR BERKLEY CORP                             | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |    447562 | NS      | $34140029.36  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp                                  | CREDIT ACCEPTANC                            | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13833 | NS      | $6556288.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                                         | BANCORP INC/THE                             | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109613 | NS      | $3285101.61   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                               | PROSPERITY BNCSH                            | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195308 | NS      | $14759425.56  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                                  | PATHWARD FINANCI                            | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     61417 | NS      | $2673482.01   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp/MD                                | KEARNY FINANCIAL                            | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134467 | NS      | $1300295.89   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                                  | HOME BANCSHARES                             | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    411378 | NS      | $10469570.10  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HarborOne Bancorp Inc                                   | HARBORONE BANCOR                            | CUSIP: 41165Y100<br>LEI: 549300CNOEY2QUB7F917 | Long             | EC               | CORP              | US        |     98326 | NS      | $1438509.38   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                           | JEFFERIES FINANC                            | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |    402940 | NS      | $15307690.60  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                 | KEYCORP                                     | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |   1968582 | NS      | $37029027.42  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                           | PRIMERICA INC                               | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     81049 | NS      | $12078732.47  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                                       | FB FINANCIAL COR                            | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     80178 | NS      | $3432420.18   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund       | Vanguard Market Liquidity Fund              | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |   6665140 | NS      | $6664473.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc                                   | SOFI TECHNOLOGIE                            | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |   1258888 | NS      | $6080429.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| LendingClub Corp                                        | LENDINGCLUB CORP                            | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |    212163 | NS      | $2187400.53   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                      | FIRST HORIZON CO                            | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |   1130242 | NS      | $28086513.70  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc/dupe                      | FRANKLIN BSP REA                            | CUSIP: 35243J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    176788 | NS      | $2581104.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                                     | NORTHERN TRUST                              | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |    418184 | NS      | $38937112.24  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                                        | RADIAN GROUP INC                            | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    362887 | NS      | $7101698.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                                     | WALKER & DUNLOP                             | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66600 | NS      | $5948046.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                     | SYNCHRONY FINANC                            | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |   1060244 | NS      | $39843969.52  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                                     | COINBASE GLOBA-A                            | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |    256087 | NS      | $11710858.51  | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Capitol Federal Financial Inc                           | CAPITOL FEDERAL                             | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    280017 | NS      | $2343742.29   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc                       | DIAMOND HILL                                | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |      6870 | NS      | $1222585.20   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                             | INVESCO LTD                                 | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | US        |    720787 | NS      | $13774239.57  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Group Inc                                           | BRP GROUP INC-A                             | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124750 | NS      | $3747490.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                               | KINSALE CAPITAL                             | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     45835 | NS      | $14126805.35  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                          | VIRTUS INVEST                               | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |     15795 | NS      | $3063282.30   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                          | BANKUNITED INC                              | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    172157 | NS      | $6321605.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                              | LPL FINANCIAL HO                            | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |    168672 | NS      | $39926349.12  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                           | CITIGROUP INC                               | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   4097580 | NS      | $198363847.80 | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc                   | ARTISAN PARTNE-A                            | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    142333 | NS      | $4937531.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank/New York NY                              | SIGNATURE BANK                              | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |    132538 | NS      | $18489051.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                                    | FEDERATED HERMES                            | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    183464 | NS      | $6964293.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp                                      | RITHM CAPITAL CO                            | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    991061 | NS      | $8969102.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                           | INTERCONTINENTAL                            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   1178105 | NS      | $127600552.55 | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                            | FACTSET RESEARCH                            | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     79980 | NS      | $36893974.20  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                                | BANK OZK                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    249069 | NS      | $11494534.35  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                             | RYAN SPECIALTY H                            | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173897 | NS      | $7004571.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp                                 | FLUSHING FINL                               | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61139 | NS      | $1275359.54   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial Inc                         | FIDELITY NATIONA                            | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    564759 | NS      | $22793673.24  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                                           | HCI GROUP INC                               | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     18778 | NS      | $702672.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Corp                                    | UMPQUA HOLDINGS                             | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |    457099 | NS      | $9265396.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                  | BERKSHIRE HATH-B                            | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |   2712356 | NS      | $864156621.60 | 8.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                                      | FIRST HAWAIIA                               | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    269310 | NS      | $7150180.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                                | CULLEN/FROST                                | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |    128383 | NS      | $18624521.81  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                                 | CNO FINANCIAL GR                            | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    243763 | NS      | $5723555.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                                    | MGIC INVT CORP                              | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    651057 | NS      | $8939012.61   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                                       | REDWOOD TRUST                               | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    255236 | NS      | $2016364.40   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp                               | OCEANFIRST FINL                             | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124145 | NS      | $2900027.20   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                                        | NMI HOLDINGS I-A                            | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    173313 | NS      | $3731428.89   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Southern Bancorp Inc                              | GREAT SOUTHN BAN                            | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |     20789 | NS      | $1302430.85   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                               | JANUS HENDERSON                             | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | US        |    301807 | NS      | $7632699.03   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                                    | HANMI FINL CORP                             | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     65357 | NS      | $1767906.85   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc                                | FIRST MID BANCSH                            | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38715 | NS      | $1341474.75   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                                        | HOPE BANCORP INC                            | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    253684 | NS      | $3455176.08   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial Inc                                   | B. RILEY FINANCI                            | CUSIP: 05580M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32854 | NS      | $1442947.68   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeStreet Inc                                          | HOMESTREET INC                              | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39239 | NS      | $1071224.70   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                                     | VIRTU FINANCIA-A                            | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |    186542 | NS      | $4137501.56   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                          | FIRST FIN BANKSH                            | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    286176 | NS      | $10574203.20  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                                 | VALLEY NATL BANC                            | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    905607 | NS      | $11464984.62  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                                  | BANC OF CALIFORN                            | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    124236 | NS      | $2108284.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                                   | JACKSON FI-A                                | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    110050 | NS      | $4110367.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| James River Group Holdings Ltd                          | JAMES RIVER GROU                            | CUSIP: G5005R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80536 | NS      | $1934474.72   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                                  | FRANKLIN RES INC                            | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |    632179 | NS      | $16948718.99  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                        | ESSENT GROUP LTD                            | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |    225972 | NS      | $9059217.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust Inc                             | NEW YORK MTGE                               | CUSIP: 649604501<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |    812891 | NS      | $2284223.71   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                              | RENAISSANCERE                               | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | US        |     93073 | NS      | $17582420.43  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                                 | CBOE GLOBAL MARK                            | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |    224316 | NS      | $28452241.44  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                                      | ALLY FINANCIAL I                            | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    680281 | NS      | $18374389.81  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida                        | SEACOAST BANK/FL                            | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    128670 | NS      | $4423674.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                       | ALLSTATE CORP                               | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    580362 | NS      | $77710471.80  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                                         | NBT BANCORP INC                             | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90915 | NS      | $4196636.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bancorp Inc                                    | FLAGSTAR BANCORP                            | CUSIP: 337930705<br>LEI: 549300Q22V2Y3J4R2715 | Long             | EC               | CORP              | US        |    113691 | NS      | $4267960.14   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                         | PINNACLE FINL                               | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |    161228 | NS      | $13525416.92  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oscar Health Inc                                        | OSCAR HEALTH -A                             | CUSIP: 687793109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87063 | NS      | $250741.44    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                                | COREBRIDGE FINAN                            | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     16737 | NS      | $372230.88    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                           | AFFIL MANAGERS                              | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     81526 | NS      | $13078400.92  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Bankshares Inc                          | FIRST COMMUNI BK                            | CUSIP: 31983A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32086 | NS      | $1185577.70   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                                  | EASTERN BANKSHAR                            | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    347887 | NS      | $6822064.07   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                      | VOYA FINANCIAL I                            | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    215137 | NS      | $14194739.26  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance Inc               | APOLLO COMMERCIA                            | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    278928 | NS      | $3447550.08   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                   | TRUIST FINANCIAL                            | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |   2808613 | NS      | $131471174.53 | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc                             | GERMAN AMER BNCP                            | CUSIP: 373865104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58481 | NS      | $2331052.66   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                                     | STEPSTONE GROU-A                            | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101500 | NS      | $3042970.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc                         | PENNYMAC FINANCI                            | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     97871 | NS      | $5838983.86   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp                                    | MERCURY GEN CORP                            | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     58195 | NS      | $2111314.60   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Receive ARCH CAPITAL GRP Pay Overnight Rate | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    275000 | NC      | $662750.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackstone Inc                                          | BLACKSTONE INC                              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |   1479030 | NS      | $135375615.90 | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Argo Group International Holdings Ltd                   | ARGO GROUP INTER                            | CUSIP: G0464B107<br>LEI: 549300M4T8Y5TTWI6O03 | Long             | EC               | CORP              | US        |     72304 | NS      | $1965222.72   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                           | FIRST AMERICAN F                            | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    226149 | NS      | $12359042.85  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp                                  | UNIVEST FINANCIA                            | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     63180 | NS      | $1782307.80   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV                                | UNITED BANKSHS                              | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |    285842 | NS      | $12259763.38  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                                          | GREEN DOT CORP-A                            | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103531 | NS      | $2109961.78   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                                   | LINCOLN NATL CRP                            | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    343549 | NS      | $13377798.06  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                                    | ASSOC BANC-CORP                             | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    314876 | NS      | $7745949.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                                   | UNITED FIRE GROU                            | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43661 | NS      | $1333843.55   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp/WA                              | HERITAGE FINL                               | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75303 | NS      | $2477468.70   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc                              | SERVISFIRST BANC                            | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102564 | NS      | $7776402.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                                   | TRAVELERS COS IN                            | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    506004 | NS      | $96044619.24  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvergate Capital Corp                                 | SILVERGATE CAP-A                            | CUSIP: 82837P408<br>LEI: BPE6FTXDZEBNAGIT2T19 | Long             | EC               | CORP              | US        |     66658 | NS      | $1828428.94   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                          | MORGAN STANLEY                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   2768067 | NS      | $257623995.69 | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp                                      | CVB FINANCIAL                               | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295806 | NS      | $8483716.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings Inc                                    | UPSTART HOLDINGS                            | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |    160856 | NS      | $3144734.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| International Bancshares Corp                           | INTL BANCSHARES                             | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |    119840 | NS      | $6313171.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                                            | LEMONADE INC                                | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     93047 | NS      | $1846982.95   | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Live Oak Bancshares Inc                                 | LIVE OAK BANCSHA                            | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68338 | NS      | $2279072.30   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                                | NORTHWEST BANCSH                            | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    253752 | NS      | $3879868.08   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                                | MSCI INC                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |    171212 | NS      | $86946589.96  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                                       | PIPER SANDLER CO                            | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     37745 | NS      | $5422446.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                                  | SYNOVUS FINL                                | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |    306117 | NS      | $12896709.21  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                             | STARWOOD PROPERT                            | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    646495 | NS      | $13841457.95  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp                                    | MERCANTILE BANK                             | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     31394 | NS      | $1092825.14   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services                             | DISCOVER FINANCI                            | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |    593014 | NS      | $64258997.04  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC                         | FIRST BANCORP/NC                            | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75167 | NS      | $3655371.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust Inc                                  | ARBOR REALTY TRU                            | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    303772 | NS      | $4520127.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Financial Inc                                  | COLUMBIA FINANCI                            | CUSIP: 197641103<br>LEI: 254900B9UDXFOJAZKN61 | Long             | EC               | CORP              | US        |     83167 | NS      | $1836327.36   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                            | ASSURANT INC                                | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    113833 | NS      | $14595667.26  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                     | JPMORGAN CHASE                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   6196232 | NS      | $856195337.76 | 8.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Lending Corp                                       | OPEN LENDING C-A                            | CUSIP: 68373J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225192 | NS      | $1592107.44   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Safety Insurance Group Inc                              | SAFETY INSURANCE                            | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |     30712 | NS      | $2817518.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                        | WELLS FARGO & CO                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   7997084 | NS      | $383460177.80 | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                                  | WEBSTER FINL                                | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    376004 | NS      | $20432057.36  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc                                    | VERITEX HOLDINGS                            | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |    113670 | NS      | $3712462.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp/IN                                 | FIRST FIN COR/IN                            | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25876 | NS      | $1243859.32   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                          | GLOBE LIFE INC                              | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |    197935 | NS      | $23744282.60  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                    | BANK OF AMERICA                             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |  15298335 | NS      | $579041979.75 | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Bancorp Inc/OH                                  | PEOPLES BANC INC                            | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59524 | NS      | $1785720.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                                     | WESTAMERICA BANC                            | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57385 | NS      | $3543523.75   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                                  | FIRSTCASH HOLDIN                            | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84986 | NS      | $7976785.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hippo Holdings Inc                                      | HIPPO HOLDINGS I                            | CUSIP: 433539202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23849 | NS      | $356065.57    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                                           | PRA GROUP INC                               | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     83721 | NS      | $2878327.98   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                            | CADENCE BANK                                | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    388836 | NS      | $11214030.24  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                                         | S & T BANCORP                               | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82356 | NS      | $3081761.52   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                                        | STONEX GROUP INC                            | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     36107 | NS      | $3663777.29   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                             | FNB CORP                                    | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    747318 | NS      | $10537183.80  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp                              | AMALGAMATED FINA                            | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33621 | NS      | $896672.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                             | OFG BANCORP                                 | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |    100788 | NS      | $2919828.36   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hagerty Inc                                             | HAGERTY INC-A                               | CUSIP: 405166109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52106 | NS      | $475206.72    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Asset Management Inc                             | APOLLO GLOBAL MA                            | CUSIP: 03769M106<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EC               | CORP              | US        |    849008 | NS      | $58912665.12  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ProAssurance Corp                                       | PROASSURANCE COR                            | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |    113509 | NS      | $2269044.91   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp                                  | HERITAGE COMMERC                            | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    129936 | NS      | $1846390.56   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd                     | WHITE MOUNTAINS                             | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | US        |      5426 | NS      | $7373174.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp                                          | BANCFIRST CORP                              | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |     37871 | NS      | $3860569.74   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                     | FIFTH THIRD BANC                            | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |   1447049 | NS      | $52614701.64  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                                        | TRICO BANCSHARES                            | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63056 | NS      | $3436552.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                                   | EAST WEST BNCRP                             | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    298846 | NS      | $20981977.66  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                                         | PACWEST BANCORP                             | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |    246277 | NS      | $6432755.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| A-Mark Precious Metals Inc                              | A-MARK PRECIOUS                             | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |     38440 | NS      | $1326180.00   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp Inc                                   | BROOKLINE BANCRP                            | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160081 | NS      | $2276351.82   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                         | AMER FINL GROUP                             | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |    151834 | NS      | $21593831.48  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                            | MOODY'S CORP                                | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |    350528 | NS      | $104551986.56 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orchid Island Capital Inc                               | ORCHID ISLAND CA                            | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |     71545 | NS      | $776978.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| American Express Co                                     | AMERICAN EXPRESS                            | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1350647 | NS      | $212848460.73 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                                | AMERIPRISE FINAN                            | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |    231879 | NS      | $76972234.05  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                                       | EAGLE BANCRP INC                            | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     67783 | NS      | $3196646.28   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                           | INTERACTIVE BROK                            | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    197054 | NS      | $15823436.20  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                                         | CITY HOLDING CO                             | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31846 | NS      | $3245744.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The                    | PNC FINANCIAL SE                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    872334 | NS      | $146778918.84 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                                       | ERIE INDEMNITY-A                            | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |     53427 | NS      | $15087250.53  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** VANGUARD WORLD FUND

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer