# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-25-014427
**Filing Date:** 2025-11
**Character Count:** 136787
**Document Hash:** 356ea9bb7e92921f9b6eb3e07c956f38
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-014427.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000894189-25-014427

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 251514161

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis and Wiley International Small Cap Diversified Value Fund (Series ID: S000068938)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000220293 | Class Z      |  |
| C000220294 | Class I      | HWTIX           |
| C000220295 | Class A      |  |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Hotchkis & Wiley International Small Cap Diversified Value Fund** | **Hotchkis & Wiley International Small Cap Diversified Value Fund** | **Hotchkis & Wiley International Small Cap Diversified Value Fund** | **Hotchkis & Wiley International Small Cap Diversified Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.1%** | **COMMON STOCKS - 96.1%** | **Shares** | **Value**  |
| **Aerospace & Defense - 2.1%** | **Aerospace & Defense - 2.1%** | **Aerospace & Defense - 2.1%** | |
| Babcock International Group PLC | Babcock International Group PLC | 1520 | $27345 |
| Electro Optic Systems Holdings Ltd. <sup>(a)</sup> | Electro Optic Systems Holdings Ltd. <sup>(a)</sup> | 9700 | 65863 |
| QinetiQ Group PLC | QinetiQ Group PLC | 1770 | 13155 |
|  |  |  | 106363 |
| **Air Freight & Logistics - 0.5%** | **Air Freight & Logistics - 0.5%** | **Air Freight & Logistics - 0.5%** |  |
| Cargojet, Inc. | Cargojet, Inc. | 130 | 8594 |
| Sankyu, Inc. | Sankyu, Inc. | 300 | 16407 |
|  |  |  | 25001 |
| **Automobile Components - 2.3%** | **Automobile Components - 2.3%** | **Automobile Components - 2.3%** |  |
| Exco Technologies Ltd. | Exco Technologies Ltd. | 1770 | 8521 |
| Gestamp Automocion SA <sup>(b)</sup> | Gestamp Automocion SA <sup>(b)</sup> | 3310 | 12872 |
| Linamar Corp. | Linamar Corp. | 210 | 11263 |
| Nifco, Inc. | Nifco, Inc. | 900 | 27144 |
| Opmobility | Opmobility | 940 | 15164 |
| Shoei Co. Ltd. | Shoei Co. Ltd. | 2000 | 23760 |
| Toyota Boshoku Corp. | Toyota Boshoku Corp. | 1100 | 18206 |
|  |  |  | 116930 |
| **Automobiles - 0.3%** | **Automobiles - 0.3%** | **Automobiles - 0.3%** |  |
| Trigano SA | Trigano SA | 100 | 17507 |
| **Banks - 9.6%** | **Banks - 9.6%** | **Banks - 9.6%** |  |
| Aozora Bank Ltd. | Aozora Bank Ltd. | 1700 | 26577 |
| Awa Bank Ltd. | Awa Bank Ltd. | 1200 | 30035 |
| Banca Sistema SpA <sup>(a)(b)</sup> | Banca Sistema SpA <sup>(a)(b)</sup> | 6077 | 11107 |
| Banco di Desio e della Brianza SpA | Banco di Desio e della Brianza SpA | 1620 | 14656 |
| Bank of East Asia Ltd. | Bank of East Asia Ltd. | 14578 | 22703 |
| Basellandschaftliche Kantonalbank | Basellandschaftliche Kantonalbank | 9 | 10501 |
| Dah Sing Financial Holdings Ltd. | Dah Sing Financial Holdings Ltd. | 6000 | 26160 |
| First Bank of Toyama Ltd. | First Bank of Toyama Ltd. | 3300 | 34235 |
| Hachijuni Bank Ltd. | Hachijuni Bank Ltd. | 1700 | 17727 |
| Hyakugo Bank Ltd. | Hyakugo Bank Ltd. | 2800 | 17227 |
| Hyakujushi Bank Ltd. | Hyakujushi Bank Ltd. | 900 | 31240 |
| Iyogin Holdings, Inc. | Iyogin Holdings, Inc. | 2300 | 34734 |
| Norion Bank AB <sup>(a)</sup> | Norion Bank AB <sup>(a)</sup> | 2581 | 18552 |
| ProCredit Holding AG | ProCredit Holding AG | 700 | 7545 |
| Seven Bank Ltd. | Seven Bank Ltd. | 7700 | 15193 |
| Sparebank 1 Oestlandet | Sparebank 1 Oestlandet | 500 | 9440 |
| SpareBank 1 SMN | SpareBank 1 SMN | 700 | 13597 |
| Sparebanken Norge | Sparebanken Norge | 1634 | 28756 |
| Suruga Bank Ltd. | Suruga Bank Ltd. | 1600 | 16628 |
| Sydbank AS | Sydbank AS | 200 | 16078 |
| TF Bank AB | TF Bank AB | 600 | 11552 |
| TOMONY Holdings, Inc. | TOMONY Holdings, Inc. | 5900 | 26753 |
| Unicaja Banco SA <sup>(b)</sup> | Unicaja Banco SA <sup>(b)</sup> | 10470 | 28811 |
| VersaBank | VersaBank | 800 | 9772 |
|  |  |  | 479579 |
| **Beverages - 0.6%** | **Beverages - 0.6%** | **Beverages - 0.6%** |  |
| AG Barr PLC | AG Barr PLC | 1220 | 10985 |
| C&C Group PLC | C&C Group PLC | 9800 | 18188 |
|  |  |  | 29173 |
| **Biotechnology - 0.7%** | **Biotechnology - 0.7%** | **Biotechnology - 0.7%** |  |
| Basilea Pharmaceutica Ag Allschwil <sup>(a)</sup> | Basilea Pharmaceutica Ag Allschwil <sup>(a)</sup> | 250 | 14949 |
| Pharma Foods International Co. Ltd. | Pharma Foods International Co. Ltd. | 3700 | 20831 |
|  |  |  | 35780 |
| **Building Products - 0.7%** | **Building Products - 0.7%** | **Building Products - 0.7%** |  |
| Forbo Holding AG | Forbo Holding AG | 15 | 13744 |
| Sanko Metal Industrial Co. Ltd. | Sanko Metal Industrial Co. Ltd. | 1000 | 10178 |
| Schweiter Technologies AG | Schweiter Technologies AG | 28 | 10208 |
|  |  |  | 34130 |
| **Capital Markets - 2.5%** | **Capital Markets - 2.5%** | **Capital Markets - 2.5%** |  |
| AGF Management Ltd. - Class B | AGF Management Ltd. - Class B | 1100 | 11485 |
| Azimut Holding SpA | Azimut Holding SpA | 323 | 12514 |
| CMC Markets PLC <sup>(b)</sup> | CMC Markets PLC <sup>(b)</sup> | 2600 | 8393 |
| Impax Asset Management Group PLC | Impax Asset Management Group PLC | 4000 | 10315 |
| Jupiter Fund Management PLC | Jupiter Fund Management PLC | 8740 | 16948 |
| Leonteq AG | Leonteq AG | 500 | 11045 |
| Linc AB <sup>(a)</sup> | Linc AB <sup>(a)</sup> | 1200 | 9048 |
| Liontrust Asset Management PLC | Liontrust Asset Management PLC | 1800 | 8333 |
| Man Group PLC | Man Group PLC | 5750 | 13814 |
| Plus500 Ltd. | Plus500 Ltd. | 550 | 23837 |
|  |  |  | 125732 |
| **Chemicals - 3.4%** | **Chemicals - 3.4%** | **Chemicals - 3.4%** |  |
| Dai Nippon Toryo Co. Ltd. | Dai Nippon Toryo Co. Ltd. | 1200 | 10442 |
| Fuso Chemical Co. Ltd. | Fuso Chemical Co. Ltd. | 1000 | 33082 |
| Hodogaya Chemical Co. Ltd. | Hodogaya Chemical Co. Ltd. | 2200 | 26629 |
| JCU Corp. | JCU Corp. | 1000 | 30805 |
| MEC Co. Ltd. | MEC Co. Ltd. | 1300 | 33663 |
| Soken Chemical & Engineering Co. Ltd. | Soken Chemical & Engineering Co. Ltd. | 1300 | 18097 |
| Tokuyama Corp. | Tokuyama Corp. | 800 | 19850 |
|  |  |  | 172568 |
| **Commercial Services & Supplies - 1.4%** | **Commercial Services & Supplies - 1.4%** | **Commercial Services & Supplies - 1.4%** |  |
| DO & CO AG | DO & CO AG | 64 | 16711 |
| ISS AS | ISS AS | 530 | 16794 |
| Mitsubishi Pencil Co. Ltd. | Mitsubishi Pencil Co. Ltd. | 800 | 11714 |
| Okamura Corp. | Okamura Corp. | 1100 | 17454 |
| Prestige International, Inc. | Prestige International, Inc. | 2000 | 8918 |
|  |  |  | 71591 |
| **Communications Equipment - 0.2%** | **Communications Equipment - 0.2%** | **Communications Equipment - 0.2%** |  |
| Evertz Technologies Ltd. | Evertz Technologies Ltd. | 1000 | 8623 |
| **Construction & Engineering - 2.1%** | **Construction & Engineering - 2.1%** | **Construction & Engineering - 2.1%** |  |
| Costain Group PLC | Costain Group PLC | 8550 | 15494 |
| Fukuda Corp. | Fukuda Corp. | 200 | 9527 |
| Hazama Ando Corp. | Hazama Ando Corp. | 1600 | 18103 |
| JGC Holdings Corp. | JGC Holdings Corp. | 1700 | 17355 |
| Mitsubishi Kakoki Kaisha Ltd. | Mitsubishi Kakoki Kaisha Ltd. | 700 | 12678 |
| Miyaji Engineering Group, Inc. | Miyaji Engineering Group, Inc. | 1100 | 15027 |
| NRW Holdings Ltd. | NRW Holdings Ltd. | 4800 | 14691 |
|  |  |  | 102875 |
| **Construction Materials - 0.4%** | **Construction Materials - 0.4%** | **Construction Materials - 0.4%** |  |
| Cementir Holding NV | Cementir Holding NV | 800 | 13365 |
| Forterra PLC <sup>(b)</sup> | Forterra PLC <sup>(b)</sup> | 3521 | 8865 |
|  |  |  | 22230 |
| **Consumer Finance - 0.8%** | **Consumer Finance - 0.8%** | **Consumer Finance - 0.8%** |  |
| Credit Corp. Group Ltd. | Credit Corp. Group Ltd. | 1500 | 15156 |
| Hoist Finance AB <sup>(b)</sup> | Hoist Finance AB <sup>(b)</sup> | 1000 | 10609 |
| International Personal Finance PLC | International Personal Finance PLC | 4500 | 13045 |
|  |  |  | 38810 |
| **Consumer Staples Distribution & Retail - 0.8%** | **Consumer Staples Distribution & Retail - 0.8%** | **Consumer Staples Distribution & Retail - 0.8%** |  |
| Life Corp. | Life Corp. | 900 | 15355 |
| MARR SpA | MARR SpA | 2220 | 24042 |
|  |  |  | 39397 |
| **Containers & Packaging - 1.2%** | **Containers & Packaging - 1.2%** | **Containers & Packaging - 1.2%** |  |
| Fuji Seal International, Inc. | Fuji Seal International, Inc. | 900 | 17293 |
| Mayr Melnhof Karton AG | Mayr Melnhof Karton AG | 140 | 13046 |
| Orora Ltd. | Orora Ltd. | 13900 | 19120 |
| Vetropack Holding AG | Vetropack Holding AG | 351 | 10439 |
|  |  |  | 59898 |
| **Distributors - 0.7%** | **Distributors - 0.7%** | **Distributors - 0.7%** |  |
| Inchcape PLC | Inchcape PLC | 2400 | 22361 |
| MEKO AB | MEKO AB | 1680 | 14483 |
|  |  |  | 36844 |
| **Electric Utilities - 0.4%** | **Electric Utilities - 0.4%** | **Electric Utilities - 0.4%** |  |
| Elmera Group ASA <sup>(b)</sup> | Elmera Group ASA <sup>(b)</sup> | 6580 | 22451 |
| **Electrical Equipment - 0.4%** | **Electrical Equipment - 0.4%** | **Electrical Equipment - 0.4%** |  |
| Mersen SA | Mersen SA | 600 | 17782 |
| **Electronic Equipment, Instruments & Components - 3.2%** | **Electronic Equipment, Instruments & Components - 3.2%** | **Electronic Equipment, Instruments & Components - 3.2%** |  |
| Daitron Co. Ltd. | Daitron Co. Ltd. | 600 | 17791 |
| Enplas Corp. | Enplas Corp. | 500 | 18878 |
| ESPEC Corp. | ESPEC Corp. | 800 | 18583 |
| Esprinet SpA | Esprinet SpA | 2240 | 15508 |
| Horiba Ltd. | Horiba Ltd. | 200 | 16904 |
| Optex Group Co. Ltd. | Optex Group Co. Ltd. | 1300 | 18500 |
| Renishaw PLC | Renishaw PLC | 200 | 9644 |
| Sesa SpA | Sesa SpA | 280 | 28533 |
| Sun-Wa Technos Corp. | Sun-Wa Technos Corp. | 1000 | 17954 |
|  |  |  | 162295 |
| **Energy Equipment & Services - 2.6%** | **Energy Equipment & Services - 2.6%** | **Energy Equipment & Services - 2.6%** |  |
| Aker Solutions ASA | Aker Solutions ASA | 4250 | 12770 |
| CES Energy Solutions Corp. | CES Energy Solutions Corp. | 3030 | 20444 |
| Enerflex Ltd. | Enerflex Ltd. | 1190 | 12834 |
| Mattr Corp. <sup>(a)</sup> | Mattr Corp. <sup>(a)</sup> | 1700 | 13095 |
| Pason Systems, Inc. | Pason Systems, Inc. | 1600 | 13888 |
| SBM Offshore NV | SBM Offshore NV | 460 | 11772 |
| SBO AG | SBO AG | 330 | 10366 |
| Subsea 7 SA | Subsea 7 SA | 800 | 16600 |
| Technip Energies NV | Technip Energies NV | 340 | 16046 |
|  |  |  | 127815 |
| **Financial Services - 4.3%** | **Financial Services - 4.3%** | **Financial Services - 4.3%** |  |
| Australian Finance Group Ltd. | Australian Finance Group Ltd. | 9000 | 15471 |
| Banca IFIS SpA | Banca IFIS SpA | 880 | 23358 |
| BFF Bank SpA <sup>(a)(b)</sup> | BFF Bank SpA <sup>(a)(b)</sup> | 2300 | 29549 |
| Financial Partners Group Co. Ltd. | Financial Partners Group Co. Ltd. | 1400 | 22471 |
| GRENKE AG | GRENKE AG | 1440 | 28167 |
| Kinnevik AB <sup>(a)</sup> | Kinnevik AB <sup>(a)</sup> | 2750 | 24490 |
| OFX Group Ltd. <sup>(a)</sup> | OFX Group Ltd. <sup>(a)</sup> | 17500 | 9905 |
| OSB Group PLC | OSB Group PLC | 3620 | 27687 |
| PayPoint PLC | PayPoint PLC | 1430 | 14500 |
| Peugeot Invest SA | Peugeot Invest SA | 100 | 8798 |
| Worldline SA <sup>(a)(b)</sup> | Worldline SA <sup>(a)(b)</sup> | 3750 | 12199 |
|  |  |  | 216595 |
| **Food Products - 2.7%** | **Food Products - 2.7%** | **Food Products - 2.7%** |  |
| Austevoll Seafood ASA | Austevoll Seafood ASA | 1490 | 14215 |
| Ebro Foods SA | Ebro Foods SA | 800 | 17233 |
| Elders Ltd. | Elders Ltd. | 2800 | 13804 |
| Lassonde Industries, Inc. - Class A (Acquired 7/12/2022 - 5/13/2025, Cost $10,915) <sup>(c)</sup> | Lassonde Industries, Inc. - Class A (Acquired 7/12/2022 - 5/13/2025, Cost $10,915) <sup>(c)</sup> | 90 | 13703 |
| NewPrinces SpA <sup>(a)</sup> | NewPrinces SpA <sup>(a)</sup> | 700 | 18938 |
| Origin Enterprises PLC | Origin Enterprises PLC | 2856 | 13100 |
| Premier Foods PLC | Premier Foods PLC | 5890 | 15190 |
| Riken Vitamin Co. Ltd. | Riken Vitamin Co. Ltd. | 1400 | 27544 |
|  |  |  | 133727 |
| **Gas Utilities - 0.5%** | **Gas Utilities - 0.5%** | **Gas Utilities - 0.5%** |  |
| Italgas SpA | Italgas SpA | 2750 | 25333 |
| **Ground Transportation - 1.2%** | **Ground Transportation - 1.2%** | **Ground Transportation - 1.2%** |  |
| Jungfraubahn Holding AG | Jungfraubahn Holding AG | 70 | 19418 |
| Lindsay Australia Ltd. | Lindsay Australia Ltd. | 19517 | 8463 |
| Maruzen Showa Unyu Co. Ltd. | Maruzen Showa Unyu Co. Ltd. | 300 | 14082 |
| Sakai Moving Service Co. Ltd. | Sakai Moving Service Co. Ltd. | 900 | 18218 |
|  |  |  | 60181 |
| **Health Care Equipment & Supplies - 3.0%** | **Health Care Equipment & Supplies - 3.0%** | **Health Care Equipment & Supplies - 3.0%** |  |
| Advanced Medical Solutions Group PLC | Advanced Medical Solutions Group PLC | 5100 | 15406 |
| El.En. SpA | El.En. SpA | 1280 | 17115 |
| Elekta AB - Class B | Elekta AB - Class B | 2500 | 12663 |
| Japan Lifeline Co. Ltd. | Japan Lifeline Co. Ltd. | 1400 | 14286 |
| Nakanishi, Inc. | Nakanishi, Inc. | 1700 | 23558 |
| Paramount Bed Holdings Co. Ltd. | Paramount Bed Holdings Co. Ltd. | 1400 | 34309 |
| Rion Co. Ltd. | Rion Co. Ltd. | 1300 | 23423 |
| Riverstone Holdings Ltd. | Riverstone Holdings Ltd. | 15000 | 8312 |
|  |  |  | 149072 |
| **Health Care Providers & Services - 1.8%** | **Health Care Providers & Services - 1.8%** | **Health Care Providers & Services - 1.8%** |  |
| Charm Care Corp. KK | Charm Care Corp. KK | 2600 | 19813 |
| Medical Facilities Corp. | Medical Facilities Corp. | 2000 | 20320 |
| Oriola Oyj - Class B | Oriola Oyj - Class B | 9200 | 12457 |
| Ship Healthcare Holdings, Inc. | Ship Healthcare Holdings, Inc. | 1600 | 24738 |
| Toho Holdings Co. Ltd. | Toho Holdings Co. Ltd. | 400 | 14760 |
|  |  |  | 92088 |
| **Health Care Technology - 0.7%** | **Health Care Technology - 0.7%** | **Health Care Technology - 0.7%** |  |
| GENOVA, Inc. | GENOVA, Inc. | 3200 | 14338 |
| Software Service, Inc. | Software Service, Inc. | 200 | 20076 |
|  |  |  | 34414 |
| **Hotels, Restaurants & Leisure - 1.6%** | **Hotels, Restaurants & Leisure - 1.6%** | **Hotels, Restaurants & Leisure - 1.6%** |  |
| Airtrip Corp. | Airtrip Corp. | 3400 | 22500 |
| Brightstar Lottery PLC | Brightstar Lottery PLC | 500 | 8625 |
| Fast Fitness Japan, Inc. | Fast Fitness Japan, Inc. | 1500 | 17816 |
| Flight Centre Travel Group Ltd. | Flight Centre Travel Group Ltd. | 1000 | 7643 |
| Jumbo Interactive Ltd. | Jumbo Interactive Ltd. | 3400 | 24114 |
|  |  |  | 80698 |
| **Household Durables - 0.9%** | **Household Durables - 0.9%** | **Household Durables - 0.9%** |  |
| Berkeley Group Holdings PLC | Berkeley Group Holdings PLC | 160 | 8270 |
| Kaufman & Broad SA | Kaufman & Broad SA | 630 | 22055 |
| MJ Gleeson PLC | MJ Gleeson PLC | 1620 | 8358 |
| Persimmon PLC | Persimmon PLC | 500 | 7811 |
|  |  |  | 46494 |
| **Insurance - 6.5%** | **Insurance - 6.5%** | **Insurance - 6.5%** |  |
| Brookfield Wealth Solutions Ltd. | Brookfield Wealth Solutions Ltd. | 370 | 25366 |
| Coface SA | Coface SA | 1180 | 22064 |
| FBD Holdings PLC | FBD Holdings PLC | 667 | 11003 |
| Generation Development Group Ltd. | Generation Development Group Ltd. | 6000 | 27648 |
| Grupo Catalana Occidente SA | Grupo Catalana Occidente SA | 410 | 23542 |
| Hiscox Ltd. | Hiscox Ltd. | 1510 | 27871 |
| Just Group PLC | Just Group PLC | 11300 | 32234 |
| Lancashire Holdings Ltd. | Lancashire Holdings Ltd. | 2900 | 26361 |
| Phoenix Financial Ltd. | Phoenix Financial Ltd. | 620 | 23215 |
| Sabre Insurance Group PLC <sup>(b)</sup> | Sabre Insurance Group PLC <sup>(b)</sup> | 12500 | 24479 |
| SCOR SE | SCOR SE | 730 | 25817 |
| Steadfast Group Ltd. | Steadfast Group Ltd. | 6200 | 24298 |
| Vienna Insurance Group AG Wiener Versicherung Gruppe | Vienna Insurance Group AG Wiener Versicherung Gruppe | 460 | 25350 |
| Wuestenrot & Wuerttembergische AG | Wuestenrot & Wuerttembergische AG | 500 | 7936 |
|  |  |  | 327184 |
| **IT Services - 2.8%** | **IT Services - 2.8%** | **IT Services - 2.8%** |  |
| Argo Graphics, Inc. | Argo Graphics, Inc. | 1600 | 13381 |
| Aubay | Aubay | 170 | 9580 |
| Computacenter PLC | Computacenter PLC | 350 | 12680 |
| Digital Hearts Holdings Co. Ltd. | Digital Hearts Holdings Co. Ltd. | 1700 | 11173 |
| GFT Technologies SE | GFT Technologies SE | 510 | 10929 |
| Indra Sistemas SA | Indra Sistemas SA | 430 | 19254 |
| Itfor, Inc. | Itfor, Inc. | 1500 | 15259 |
| Mitsubishi Research Institute, Inc. | Mitsubishi Research Institute, Inc. | 700 | 24500 |
| Pole To Win Holdings, Inc. | Pole To Win Holdings, Inc. | 3600 | 8560 |
| Wavestone | Wavestone | 230 | 13053 |
|  |  |  | 138369 |
| **Leisure Products - 1.3%** | **Leisure Products - 1.3%** | **Leisure Products - 1.3%** |  |
| Furyu Corp. | Furyu Corp. | 3500 | 26126 |
| Italian Sea Group SPA | Italian Sea Group SPA | 3200 | 19178 |
| Kawai Musical Instruments Manufacturing Co. Ltd. | Kawai Musical Instruments Manufacturing Co. Ltd. | 700 | 12202 |
| Spin Master Corp. <sup>(b)</sup> | Spin Master Corp. <sup>(b)</sup> | 450 | 6211 |
|  |  |  | 63717 |
| **Machinery - 7.8%** | **Machinery - 7.8%** | **Machinery - 7.8%** |  |
| Aalberts NV | Aalberts NV | 400 | 13188 |
| Airman Corp. | Airman Corp. | 800 | 10594 |
| Bucher Industries AG | Bucher Industries AG | 23 | 10968 |
| Danieli & C Officine Meccaniche SpA | Danieli & C Officine Meccaniche SpA | 250 | 9045 |
| Duerr AG | Duerr AG | 960 | 22610 |
| Iveco Group NV | Iveco Group NV | 540 | 11701 |
| Komax Holding AG <sup>(a)</sup> | Komax Holding AG <sup>(a)</sup> | 110 | 9645 |
| Luxfer Holdings PLC | Luxfer Holdings PLC | 1800 | 25020 |
| METAWATER Co. Ltd. | METAWATER Co. Ltd. | 900 | 18466 |
| Morgan Advanced Materials PLC | Morgan Advanced Materials PLC | 4800 | 14211 |
| NGK Insulators Ltd. | NGK Insulators Ltd. | 1100 | 18387 |
| Norma Group SE | Norma Group SE | 710 | 11949 |
| Obara Group, Inc. | Obara Group, Inc. | 900 | 26002 |
| Okamoto Machine Tool Works Ltd. | Okamoto Machine Tool Works Ltd. | 500 | 16076 |
| OKUMA Corp. | OKUMA Corp. | 900 | 20519 |
| Pegasus Co. Ltd. | Pegasus Co. Ltd. | 3200 | 14782 |
| Rieter Holding AG | Rieter Holding AG | 90 | 740 |
| SFS Group AG | SFS Group AG | 95 | 12828 |
| Stabilus SE | Stabilus SE | 370 | 10754 |
| Stadler Rail AG | Stadler Rail AG | 470 | 11524 |
| Takuma Co. Ltd. | Takuma Co. Ltd. | 1000 | 15181 |
| Tocalo Co. Ltd. | Tocalo Co. Ltd. | 2000 | 29375 |
| Tsugami Corp. | Tsugami Corp. | 1100 | 17685 |
| VBG Group AB - Class B | VBG Group AB - Class B | 500 | 16739 |
| Vesuvius PLC | Vesuvius PLC | 4490 | 22584 |
|  |  |  | 390573 |
| **Marine Transportation - 0.2%** | **Marine Transportation - 0.2%** | **Marine Transportation - 0.2%** |  |
| Wallenius Wilhelmsen ASA | Wallenius Wilhelmsen ASA | 1200 | 10681 |
| **Media - 2.0%** | **Media - 2.0%** | **Media - 2.0%** |  |
| 4imprint Group PLC | 4imprint Group PLC | 200 | 8710 |
| Atresmedia Corp. de Medios de Comunicacion SA | Atresmedia Corp. de Medios de Comunicacion SA | 3400 | 22391 |
| Havas NV | Havas NV | 8300 | 15301 |
| IPSOS SA | IPSOS SA | 200 | 8936 |
| ReWorld Media SA | ReWorld Media SA | 4800 | 10449 |
| RTL Group SA | RTL Group SA | 230 | 9447 |
| Team Internet Group PLC | Team Internet Group PLC | 9700 | 8088 |
| Vector, Inc. | Vector, Inc. | 2200 | 16593 |
|  |  |  | 99915 |
| **Metals & Mining - 0.8%** | **Metals & Mining - 0.8%** | **Metals & Mining - 0.8%** |  |
| Alleima AB | Alleima AB | 1700 | 12916 |
| Perenti Ltd. | Perenti Ltd. | 14700 | 27327 |
|  |  |  | 40243 |
| **Multi-Utilities - 1.0%** | **Multi-Utilities - 1.0%** | **Multi-Utilities - 1.0%** |  |
| ACEA SpA | ACEA SpA | 980 | 23633 |
| Iren SpA | Iren SpA | 8200 | 25406 |
|  |  |  | 49039 |
| **Oil, Gas & Consumable Fuels - 3.2%** | **Oil, Gas & Consumable Fuels - 3.2%** | **Oil, Gas & Consumable Fuels - 3.2%** |  |
| Ampol Ltd. | Ampol Ltd. | 700 | 13836 |
| Baytex Energy Corp. | Baytex Energy Corp. | 7470 | 17498 |
| Birchcliff Energy Ltd. | Birchcliff Energy Ltd. | 2400 | 9881 |
| Cardinal Energy Ltd. (Acquired 5/4/2021, Cost $6,301) <sup>(c)</sup> | Cardinal Energy Ltd. (Acquired 5/4/2021, Cost $6,301) <sup>(c)</sup> | 2540 | 14144 |
| EnQuest PLC | EnQuest PLC | 70500 | 11122 |
| Harbour Energy PLC | Harbour Energy PLC | 5440 | 15243 |
| Kosmos Energy Ltd. <sup>(a)</sup> | Kosmos Energy Ltd. <sup>(a)</sup> | 5830 | 9678 |
| NuVista Energy Ltd. (Acquired 5/26/2023, Cost $9,213) <sup>(a)(c)</sup> | NuVista Energy Ltd. (Acquired 5/26/2023, Cost $9,213) <sup>(a)(c)</sup> | 1110 | 12825 |
| Pantheon Resources PLC <sup>(a)</sup> | Pantheon Resources PLC <sup>(a)</sup> | 27218 | 9001 |
| Parkland Corp. (Acquired 11/21/2024, Cost $9,731) <sup>(a)(c)</sup> | Parkland Corp. (Acquired 11/21/2024, Cost $9,731) <sup>(a)(c)</sup> | 400 | 11066 |
| Tamarack Valley Energy Ltd. | Tamarack Valley Energy Ltd. | 3730 | 16215 |
| Tullow Oil PLC <sup>(a)</sup> | Tullow Oil PLC <sup>(a)</sup> | 30859 | 4324 |
| Vermilion Energy, Inc. | Vermilion Energy, Inc. | 2150 | 16793 |
|  |  |  | 161626 |
| **Paper & Forest Products - 0.3%** | **Paper & Forest Products - 0.3%** | **Paper & Forest Products - 0.3%** |  |
| Arctic Paper SA <sup>(a)</sup> | Arctic Paper SA <sup>(a)</sup> | 2200 | 5052 |
| Western Forest Products, Inc. <sup>(a)</sup> | Western Forest Products, Inc. <sup>(a)</sup> | 983 | 8540 |
|  |  |  | 13592 |
| **Passenger Airlines - 0.7%** | **Passenger Airlines - 0.7%** | **Passenger Airlines - 0.7%** |  |
| Air Canada <sup>(a)</sup> | Air Canada <sup>(a)</sup> | 1640 | 20693 |
| easyJet PLC | easyJet PLC | 2100 | 13130 |
|  |  |  | 33823 |
| **Personal Care Products - 0.2%** | **Personal Care Products - 0.2%** | **Personal Care Products - 0.2%** |  |
| Shinnihonseiyaku Co. Ltd. | Shinnihonseiyaku Co. Ltd. | 500 | 7737 |
| **Pharmaceuticals - 0.6%** | **Pharmaceuticals - 0.6%** | **Pharmaceuticals - 0.6%** |  |
| COSMO Pharmaceuticals NV | COSMO Pharmaceuticals NV | 200 | 16341 |
| Dermapharm Holding SE | Dermapharm Holding SE | 300 | 11466 |
|  |  |  | 27807 |
| **Professional Services - 4.2%** | **Professional Services - 4.2%** | **Professional Services - 4.2%** |  |
| AFRY AB | AFRY AB | 780 | 13448 |
| Altech Corp. | Altech Corp. | 500 | 9438 |
| Bewith, Inc. | Bewith, Inc. | 1100 | 11198 |
| Career Design Center Co. Ltd. | Career Design Center Co. Ltd. | 700 | 10474 |
| Creek & River Co. Ltd. | Creek & River Co. Ltd. | 1200 | 12201 |
| EJ Holdings, Inc. | EJ Holdings, Inc. | 800 | 9615 |
| Gakujo Co. Ltd. | Gakujo Co. Ltd. | 1400 | 16340 |
| Hays PLC | Hays PLC | 13160 | 9962 |
| Hito Communications Holdings, Inc. | Hito Communications Holdings, Inc. | 1700 | 12578 |
| McMillan Shakespeare Ltd. | McMillan Shakespeare Ltd. | 1300 | 14442 |
| Nisso Holdings Co. Ltd. | Nisso Holdings Co. Ltd. | 1900 | 8413 |
| Pagegroup PLC | Pagegroup PLC | 2400 | 7386 |
| Pasona Group, Inc. | Pasona Group, Inc. | 1100 | 16271 |
| PeopleIN Ltd. <sup>(a)</sup> | PeopleIN Ltd. <sup>(a)</sup> | 17000 | 8946 |
| SmartGroup Corp. Ltd. | SmartGroup Corp. Ltd. | 2700 | 14248 |
| SThree PLC | SThree PLC | 4100 | 8982 |
| UT Group Co. Ltd. | UT Group Co. Ltd. | 800 | 14789 |
| Will Group, Inc. | Will Group, Inc. | 1500 | 10362 |
|  |  |  | 209093 |
| **Semiconductors & Semiconductor Equipment - 4.1%** | **Semiconductors & Semiconductor Equipment - 4.1%** | **Semiconductors & Semiconductor Equipment - 4.1%** |  |
| Aixtron SE | Aixtron SE | 900 | 15699 |
| Melexis NV | Melexis NV | 240 | 19132 |
| Optorun Co. Ltd. | Optorun Co. Ltd. | 2200 | 24687 |
| RS Technologies Co. Ltd. | RS Technologies Co. Ltd. | 1200 | 29990 |
| Shibaura Mechatronics Corp. | Shibaura Mechatronics Corp. | 400 | 35247 |
| SUSS MicroTec SE | SUSS MicroTec SE | 500 | 17957 |
| Tazmo Co. Ltd. | Tazmo Co. Ltd. | 1700 | 28016 |
| UMS Integration Ltd. | UMS Integration Ltd. | 11525 | 12435 |
| Yamaichi Electronics Co. Ltd. | Yamaichi Electronics Co. Ltd. | 900 | 21371 |
|  |  |  | 204534 |
| **Software - 1.7%** | **Software - 1.7%** | **Software - 1.7%** |  |
| Cresco Ltd. | Cresco Ltd. | 1300 | 14511 |
| F-Secure Oyj | F-Secure Oyj | 4500 | 8990 |
| Fukui Computer Holdings, Inc. | Fukui Computer Holdings, Inc. | 500 | 11281 |
| Justsystems Corp. | Justsystems Corp. | 1000 | 32387 |
| TeamViewer SE <sup>(a)(b)</sup> | TeamViewer SE <sup>(a)(b)</sup> | 1800 | 18380 |
|  |  |  | 85549 |
| **Specialty Retail - 2.7%** | **Specialty Retail - 2.7%** | **Specialty Retail - 2.7%** |  |
| AutoCanada, Inc. <sup>(a)</sup> | AutoCanada, Inc. <sup>(a)</sup> | 650 | 14595 |
| Card Factory PLC | Card Factory PLC | 10900 | 15017 |
| Douglas AG <sup>(a)</sup> | Douglas AG <sup>(a)</sup> | 700 | 10135 |
| Eagers Automotive Ltd. | Eagers Automotive Ltd. | 1100 | 21316 |
| Halfords Group PLC | Halfords Group PLC | 6300 | 12137 |
| Shaver Shop Group Ltd. | Shaver Shop Group Ltd. | 10100 | 9541 |
| Shimamura Co. Ltd. | Shimamura Co. Ltd. | 200 | 13373 |
| Super Retail Group Ltd. | Super Retail Group Ltd. | 1900 | 20440 |
| United Arrows Ltd. | United Arrows Ltd. | 600 | 8483 |
| Vertu Motors PLC | Vertu Motors PLC | 12040 | 9797 |
|  |  |  | 134834 |
| **Technology Hardware, Storage & Peripherals - 0.2%** | **Technology Hardware, Storage & Peripherals - 0.2%** | **Technology Hardware, Storage & Peripherals - 0.2%** |  |
| Mimaki Engineering CO Ltd. | Mimaki Engineering CO Ltd. | 1000 | 11920 |
| **Textiles, Apparel & Luxury Goods - 0.6%** | **Textiles, Apparel & Luxury Goods - 0.6%** | **Textiles, Apparel & Luxury Goods - 0.6%** |  |
| Dr Martens PLC | Dr Martens PLC | 12830 | 17143 |
| Hugo Boss AG | Hugo Boss AG | 290 | 13828 |
|  |  |  | 30971 |
| **Trading Companies & Distributors - 1.6%** | **Trading Companies & Distributors - 1.6%** | **Trading Companies & Distributors - 1.6%** |  |
| Kamei Corp. | Kamei Corp. | 1100 | 21464 |
| Wajax Corp. | Wajax Corp. | 1500 | 26083 |
| Yamazen Corp. | Yamazen Corp. | 1600 | 15085 |
| Yuasa Trading Co. Ltd. | Yuasa Trading Co. Ltd. | 500 | 17107 |
|  |  |  | 79739 |
| **TOTAL COMMON STOCKS** (Cost $3,876,124) | **TOTAL COMMON STOCKS** (Cost $3,876,124) | **TOTAL COMMON STOCKS** (Cost $3,876,124) | 4812922 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 2.1%** | **REAL ESTATE INVESTMENT TRUSTS - COMMON - 2.1%** | **Shares** | **Value**  |
| **Diversified REITs - 0.5%** | **Diversified REITs - 0.5%** | **Diversified REITs - 0.5%** |  |
| H&R Real Estate Investment Trust | H&R Real Estate Investment Trust | 3100 | 25059 |
| **Health Care REITs - 0.3%** | **Health Care REITs - 0.3%** | **Health Care REITs - 0.3%** |  |
| Aedifica SA | Aedifica SA | 180 | 13364 |
| **Industrial REITs - 0.4%** | **Industrial REITs - 0.4%** | **Industrial REITs - 0.4%** |  |
| Tritax Big Box REIT PLC | Tritax Big Box REIT PLC | 11800 | 23000 |
| **Retail REITs - 0.9%** | **Retail REITs - 0.9%** | **Retail REITs - 0.9%** |  |
| Primaris Real Estate Investment Trust | Primaris Real Estate Investment Trust | 2100 | 23132 |
| SmartCentres Real Estate Investment Trust | SmartCentres Real Estate Investment Trust | 1220 | 23450 |
|  |  |  | 46582 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $99,783) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $99,783) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $99,783) | 108005 |
| **RIGHTS - 0.0%<sup>(d)</sup>** | **RIGHTS - 0.0%<sup>(d)</sup>** | **Shares** | **Value**  |
| **Machinery *-* 0.0%<sup>(d)</sup>** | **Machinery *-* 0.0%<sup>(d)</sup>** | **Machinery *-* 0.0%<sup>(d)</sup>** |  |
| Rieter Holding AG, Expires 10/02/2025, Exercise Price $3.43 <sup>(a)</sup> | Rieter Holding AG, Expires 10/02/2025, Exercise Price $3.43 <sup>(a)</sup> | 90 | 0<sup>(f)</sup> <br>|
| **TOTAL RIGHTS** (Cost $6,945) | **TOTAL RIGHTS** (Cost $6,945) | **TOTAL RIGHTS** (Cost $6,945) | 0<sup>(f)</sup> <br>|
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **TIME DEPOSITS - 0.0%<sup>(d)</sup>** | **TIME DEPOSITS - 0.0%<sup>(d)</sup>** | **Par** | **Value**  |
| Citigroup, Inc., 2.92%, 10/01/2025 <sup>(e)</sup> | Citigroup, Inc., 2.92%, 10/01/2025 <sup>(e)</sup> | 68 | 92 |
| **TOTAL TIME DEPOSITS** (Cost $92) | **TOTAL TIME DEPOSITS** (Cost $92) | **TOTAL TIME DEPOSITS** (Cost $92) | 92 |
| **TOTAL INVESTMENTS - 98.2% (**Cost $3,982,944**)** | **TOTAL INVESTMENTS - 98.2% (**Cost $3,982,944**)** | **TOTAL INVESTMENTS - 98.2% (**Cost $3,982,944**)** | 4921019 |
| Other Assets in Excess of Liabilities - 1.8% | Other Assets in Excess of Liabilities - 1.8% | Other Assets in Excess of Liabilities - 1.8% | 88005 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $5009024 |
| two | two | two | – |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | – |

---

The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by MSCI, an independent provider of global indices and benchmark-related products and services, and Standard & Poor's (S&P), an independent international financial data and investment services company. The GICS methodology has been widely accepted as an industry analysis framework for investment research, portfolio management and asset allocation. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries. Each stock that is classified will have a coding at all four of these levels.<br>

---

| |
|:---|
| GBP - British Pound |
| HKD - Hong Kong Dollar |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $193,926 or 3.9% of the Fund's net assets.

(c) Restricted security purchased in a private placement transaction in which resale to the public may require registration. As of September 30, 2025, the value of these securities total $51,738 or
 1.0% of the Fund's net assets.

(d) Represents less than 0.05% of net assets.

(e) Invested through a cash management account administered by Brown Brothers Harriman & Co.

(f) Rounds to zero.

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Hotchkis & Wiley International Small Cap Diversified Value Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $518219 | $4294703 | $– | $4812922 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 71641 | 36364 | – | 108005 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Rights | – | 0 | – | 0 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | – | 92 | – | 92 |
| Total Investments | $589860 | $4331159 | $– | $4921019 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| |
|:---|
| **Allocation of Portfolio Holdings by Country as of September 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| Japan | $1842607 | 36.8% |
| United Kingdom | 598108 | 11.9 |
| Canada | 424094 | 8.5 |
| Australia | 376271 | 7.5 |
| Italy | 322982 | 6.4 |
| France | 214753 | 4.3 |
| Germany | 187355 | 3.7 |
| Sweden | 144500 | 2.9 |
| Switzerland | 136008 | 2.7 |
| Spain | 124103 | 2.5 |
| Norway | 111910 | 2.2 |
| Austria | 65473 | 1.3 |
| Ireland | 58632 | 1.2 |
| Hong Kong | 48863 | 1.0 |
| Israel | 47052 | 0.9 |
| United States | 43323 | 0.9 |
| Denmark | 32872 | 0.7 |
| Belgium | 32495 | 0.6 |
| Bermuda | 27871 | 0.6 |
| Netherlands | 24960 | 0.5 |
| Finland | 21447 | 0.4 |
| Singapore | 20747 | 0.4 |
| Luxembourg | 9447 | 0.2 |
| Poland | 5052 | 0.1 |
| Cash and Other | 88097 | 1.8 |
|  | $**5009024** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HOTCHKIS & WILEY FUNDS/DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

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

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

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

- **a. Name of Series:** Hotchkis & Wiley International Small Cap Diversified Value Fund

- **b. EDGAR series identifier (if any):** S000068938

- **c. LEI of Series:** 254900IBT3RH68911C65

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $5048578.63

**Total Liabilities:** $39541.39

**Net Assets:** $5009037.24

**Cash Not Reported:** $248.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220294 | -0.71%               | 4.92%                | 3.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31.03                   | $-33033.41                                 |
| Month 2  | $-46.05                  | $222446.80                                 |
| Month 3  | $-32.76                  | $122811.76                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                            | Title                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FBD Holdings PLC                | FBD Holdings PLC                                     | CUSIP: N/A<br>LEI: 635400HNBZBITDHQJG48       | Long             | EC               | CORP              | IE        |       667 | NS      | $11002.47     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayr Melnhof Karton AG          | Mayr Melnhof Karton AG                               | CUSIP: N/A<br>LEI: 5299001AMHDLKUM80611       | Long             | EC               | CORP              | AT        |       140 | NS      | $13045.60     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd               | Kosmos Energy Ltd                                    | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |      5830 | NS      | $9677.80      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebro Foods SA                   | Ebro Foods SA                                        | CUSIP: N/A<br>LEI: 959800NW6DLQT89M3240       | Long             | EC               | CORP              | ES        |       800 | NS      | $17233.36     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Corp Group Ltd           | Credit Corp Group Ltd                                | CUSIP: N/A<br>LEI: 549300JCSY6XG1L4WB90       | Long             | EC               | CORP              | AU        |      1500 | NS      | $15156.52     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Babcock International Group PL  | Babcock International Group PLC                      | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |      1520 | NS      | $27345.54     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparebanken Norge               | Sparebanken Norge                                    | CUSIP: N/A<br>LEI: 213800M7T3CYVZ3ZRT12       | Long             | EC               | CORP              | NO        |      1634 | NS      | $28755.55     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Medical Solutions Gro  | Advanced Medical Solutions Group PLC                 | CUSIP: N/A<br>LEI: 213800HJP6OWOSZI1L74       | Long             | EC               | CORP              | GB        |      5100 | NS      | $15405.63     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Danieli & C Officine Meccanich  | Danieli & C Officine Meccaniche SpA                  | CUSIP: N/A<br>LEI: 815600B4B8C6A353E566       | Long             | EC               | CORP              | IT        |       250 | NS      | $9044.66      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Duerr AG                        | Duerr AG                                             | CUSIP: N/A<br>LEI: 5299003APZ54EDTSRO20       | Long             | EC               | CORP              | DE        |       960 | NS      | $22610.02     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Financial Partners Group Co Lt  | Financial Partners Group Co Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $22470.87     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Charm Care Corp KK              | Charm Care Corp KK                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2600 | NS      | $19813.06     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| AGF Management Ltd              | AGF Management Ltd                                   | CUSIP: 001092105<br>LEI: 254900MZSQTEB6YEO028 | Long             | EC               | CORP              | CA        |      1100 | NS      | $11484.52     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Trigano SA                      | Trigano SA                                           | CUSIP: N/A<br>LEI: 969500KLZPNMO8TUM811       | Long             | EC               | CORP              | FR        |       100 | NS      | $17507.30     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Aubay                           | Aubay                                                | CUSIP: N/A<br>LEI: 969500KGFSDP6UUKIA67       | Long             | EC               | CORP              | FR        |       170 | NS      | $9580.47      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Jumbo Interactive Ltd           | Jumbo Interactive Ltd                                | CUSIP: N/A<br>LEI: 52990094T9F7X0NC0X54       | Long             | EC               | CORP              | AU        |      3400 | NS      | $24114.35     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hazama Ando Corp                | Hazama Ando Corp                                     | CUSIP: N/A<br>LEI: 353800YSSP5B2GMQ6E51       | Long             | EC               | CORP              | JP        |      1600 | NS      | $18103.40     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| GFT Technologies SE             | GFT Technologies SE                                  | CUSIP: N/A<br>LEI: 5299002FNBSGW23ULF72       | Long             | EC               | CORP              | DE        |       510 | NS      | $10929.26     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Justsystems Corp                | Justsystems Corp                                     | CUSIP: N/A<br>LEI: 5299006DS4ZV570NR192       | Long             | EC               | CORP              | JP        |      1000 | NS      | $32386.77     | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Cresco Ltd                      | Cresco Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1300 | NS      | $14510.94     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Awa Bank Ltd/The                | Awa Bank Ltd/The                                     | CUSIP: N/A<br>LEI: 353800YH8XWV0XAHXR13       | Long             | EC               | CORP              | JP        |      1200 | NS      | $30034.86     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Obara Group Inc                 | Obara Group Inc                                      | CUSIP: N/A<br>LEI: 3538003M0UGWDBTV2318       | Long             | EC               | CORP              | JP        |       900 | NS      | $26001.90     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Argo Graphics Inc               | Argo Graphics Inc                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1600 | NS      | $13381.13     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Daitron Co Ltd                  | Daitron Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       600 | NS      | $17791.29     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawai Musical Instruments Manu  | Kawai Musical Instruments Manufacturing Co Ltd       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       700 | NS      | $12202.02     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Advanced Materials PLC   | Morgan Advanced Materials PLC                        | CUSIP: N/A<br>LEI: I4K14LL95N2PHDL7EG85       | Long             | EC               | CORP              | GB        |      4800 | NS      | $14210.58     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Exco Technologies Ltd           | Exco Technologies Ltd                                | CUSIP: 30150P109<br>LEI: SYNTCKFOJZ0PX99NLV15 | Long             | EC               | CORP              | CA        |      1770 | NS      | $8521.23      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc               | Pason Systems Inc                                    | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |      1600 | NS      | $13888.05     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DO & CO AG                      | DO & CO AG                                           | CUSIP: N/A<br>LEI: 5299002NFQKOBT1E8569       | Long             | EC               | CORP              | AT        |        64 | NS      | $16710.97     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Douglas AG                      | Douglas AG                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |       700 | NS      | $10135.21     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Suruga Bank Ltd                 | Suruga Bank Ltd                                      | CUSIP: N/A<br>LEI: 3538003A9JIMKE5G3M02       | Long             | EC               | CORP              | JP        |      1600 | NS      | $16627.75     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Pencil Co Ltd        | Mitsubishi Pencil Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $11713.79     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| OKUMA Corp                      | OKUMA Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $20518.98     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Pantheon Resources PLC          | Pantheon Resources PLC                               | CUSIP: N/A<br>LEI: 213800SWHY5DNQS64J23       | Long             | EC               | CORP              | GB        |     27218 | NS      | $9000.96      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Pole To Win Holdings Inc        | Pole To Win Holdings Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3600 | NS      | $8559.53      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Okamura Corp                    | Okamura Corp                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $17453.62     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Optex Group Co Ltd              | Optex Group Co Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1300 | NS      | $18500.14     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Lassonde Industries Inc         | Lassonde Industries Inc                              | CUSIP: 517907101<br>LEI: 549300U3Y8OW3GQ0VE25 | Long             | EC               | CORP              | CA        |        90 | NS      | $13702.74     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco di Desio e della Brianza  | Banco di Desio e della Brianza SpA                   | CUSIP: N/A<br>LEI: 81560026D234790EB288       | Long             | EC               | CORP              | IT        |      1620 | NS      | $14656.21     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Creek & River Co Ltd            | Creek & River Co Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $12201.06     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Soken Chem & Eng                | Soken Chemical & Engineering Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1300 | NS      | $18097.10     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyakujushi Bank Ltd/The         | Hyakujushi Bank Ltd/The                              | CUSIP: N/A<br>LEI: 5493009ZQOZS8JYRQN62       | Long             | EC               | CORP              | JP        |       900 | NS      | $31240.36     | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaichi Electronics Co Ltd     | Yamaichi Electronics Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $21370.71     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Forbo Holding AG                | Forbo Holding AG                                     | CUSIP: N/A<br>LEI: 506700HR073894C16243       | Long             | EC               | CORP              | CH        |        15 | NS      | $13743.48     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Indra Sistemas SA               | Indra Sistemas SA                                    | CUSIP: N/A<br>LEI: 95980020140005308793       | Long             | EC               | CORP              | ES        |       430 | NS      | $19253.56     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca IFIS SpA                  | Banca IFIS SpA                                       | CUSIP: N/A<br>LEI: 8156005420362AE59184       | Long             | EC               | CORP              | IT        |       880 | NS      | $23357.92     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Opmobility                      | Opmobility                                           | CUSIP: N/A<br>LEI: 9695001VLC2KYXX0DW73       | Long             | EC               | CORP              | FR        |       940 | NS      | $15164.02     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Iren SpA                        | Iren SpA                                             | CUSIP: N/A<br>LEI: 8156001EBD33FD474E60       | Long             | EC               | CORP              | IT        |      8200 | NS      | $25406.48     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| AIXTRON SE                      | AIXTRON SE                                           | CUSIP: N/A<br>LEI: 5299004UJ4D51M25LD67       | Long             | EC               | CORP              | DE        |       900 | NS      | $15698.83     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd         | Lancashire Holdings Ltd                              | CUSIP: N/A<br>LEI: 5493002UNUYXLHOWF752       | Long             | EC               | CORP              | GB        |      2900 | NS      | $26360.64     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| QinetiQ Group PLC               | QinetiQ Group PLC                                    | CUSIP: N/A<br>LEI: 213800S8OBDOZMCMUW34       | Long             | EC               | CORP              | GB        |      1770 | NS      | $13155.16     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NRW Holdings Ltd                | NRW Holdings Ltd                                     | CUSIP: N/A<br>LEI: 5493003S2MORCH0HEL95       | Long             | EC               | CORP              | AU        |      4800 | NS      | $14691.20     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Bed Holdings Co Ltd   | Paramount Bed Holdings Co Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $34309.31     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Basilea Pharmaceutica Ag Allsc  | Basilea Pharmaceutica Ag Allschwil                   | CUSIP: N/A<br>LEI: 391200TTZP8EIPSJ5J20       | Long             | EC               | CORP              | CH        |       250 | NS      | $14948.73     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| C&C Group PLC                   | C&C Group PLC                                        | CUSIP: N/A<br>LEI: 635400LNUHA2LDXXV850       | Long             | EC               | CORP              | IE        |      9800 | NS      | $18188.42     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Komax Holding AG                | Komax Holding AG                                     | CUSIP: N/A<br>LEI: 529900UID9PCQXLG9479       | Long             | EC               | CORP              | CH        |       110 | NS      | $9644.82      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Altech Corp                     | Altech Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $9437.94      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of East Asia Ltd/The       | Bank of East Asia Ltd/The                            | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | EC               | CORP              | HK        |     14578 | NS      | $22702.56     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Seal International Inc     | Fuji Seal International Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $17292.51     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Corp                       | Life Corp                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $15355.29     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nifco Inc/Japan                 | Nifco Inc/Japan                                      | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |       900 | NS      | $27143.73     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Lifeline Co Ltd           | Japan Lifeline Co Ltd                                | CUSIP: N/A<br>LEI: 353800QUW6LROZVA6765       | Long             | EC               | CORP              | JP        |      1400 | NS      | $14285.57     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Itfor Inc                       | Itfor Inc                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $15259.28     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| OFX Group Ltd                   | OFX Group Ltd                                        | CUSIP: N/A<br>LEI: 984500745OB5K1ZB6008       | Long             | EC               | CORP              | AU        |     17500 | NS      | $9905.31      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Man Group PLC/Jersey            | Man Group PLC/Jersey                                 | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               | CORP              | GB        |      5750 | NS      | $13814.10     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Nakanishi Inc                   | Nakanishi Inc                                        | CUSIP: N/A<br>LEI: 353800EXA7IQ42YKF224       | Long             | EC               | CORP              | JP        |      1700 | NS      | $23557.52     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Flight Centre Travel Group Ltd  | Flight Centre Travel Group Ltd                       | CUSIP: N/A<br>LEI: 254900BGNUI78EKEJY68       | Long             | EC               | CORP              | AU        |      1000 | NS      | $7642.60      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Basellandschaftliche Kantonalb  | Basellandschaftliche Kantonalbank                    | CUSIP: N/A<br>LEI: 529900TPRILCY8WVKI23       | Long             | EC               | CORP              | CH        |         9 | NS      | $10500.87     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ACEA SpA                        | ACEA SpA                                             | CUSIP: N/A<br>LEI: 549300Q3448N041CTH56       | Long             | EC               | CORP              | IT        |       980 | NS      | $23632.74     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| NewPrinces SpA                  | NewPrinces SpA                                       | CUSIP: N/A<br>LEI: 815600511D7D0F6A5955       | Long             | EC               | CORP              | IT        |       700 | NS      | $18938.02     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Fitness Japan Inc          | Fast Fitness Japan Inc                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $17816.53     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                    | BFF Bank SpA                                         | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |      2300 | NS      | $29549.44     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Generation Development Group L  | Generation Development Group Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      6000 | NS      | $27648.24     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Electro Optic Systems Holdings  | Electro Optic Systems Holdings Ltd                   | CUSIP: N/A<br>LEI: 391200AIL8NMTC2B3I63       | Long             | EC               | CORP              | AU        |      9700 | NS      | $65862.77     | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Airman Corp                     | Airman Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $10594.29     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Okamoto Machine Tool Works Ltd  | Okamoto Machine Tool Works Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $16076.51     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Takuma Co Ltd                   | Takuma Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $15181.34     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Ampol Ltd                       | Ampol Ltd                                            | CUSIP: N/A<br>LEI: 5493009TD1CGVRZ27U11       | Long             | EC               | CORP              | AU        |       700 | NS      | $13835.71     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Alleima AB                      | Alleima AB                                           | CUSIP: N/A<br>LEI: 529900EBHTYGLA6PGP77       | Long             | EC               | CORP              | SE        |      1700 | NS      | $12916.37     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Nisso Holdings Co Ltd           | Nisso Holdings Co Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1900 | NS      | $8413.14      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mattr Corp                      | Mattr Corp                                           | CUSIP: 57722Y102<br>LEI: 549300KP4U2Z1IKXOL88 | Long             | EC               | CORP              | CA        |      1700 | NS      | $13094.78     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CMC Markets PLC                 | CMC Markets PLC                                      | CUSIP: N/A<br>LEI: 213800VB75KAZBFH5U07       | Long             | EC               | CORP              | GB        |      2600 | NS      | $8392.81      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Catalana Occidente SA     | Grupo Catalana Occidente SA                          | CUSIP: N/A<br>LEI: 959800H2P9S8MS95DT42       | Long             | EC               | CORP              | ES        |       410 | NS      | $23542.34     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Toho Holdings Co Ltd            | Toho Holdings Co Ltd                                 | CUSIP: N/A<br>LEI: 353800Z8BQ3ZHELA4J90       | Long             | EC               | CORP              | JP        |       400 | NS      | $14759.79     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsugami Corp                    | Tsugami Corp                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $17685.04     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| International Personal Finance  | International Personal Finance PLC                   | CUSIP: N/A<br>LEI: 213800II1O44IRKUZB59       | Long             | EC               | CORP              | GB        |      4500 | NS      | $13044.64     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Inchcape PLC                    | Inchcape PLC                                         | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |      2400 | NS      | $22360.97     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukui Computer Holdings Inc     | Fukui Computer Holdings Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $11280.66     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Prestige International Inc      | Prestige International Inc                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2000 | NS      | $8918.23      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Vector Inc                      | Vector Inc                                           | CUSIP: N/A<br>LEI: 3538004PSULH92CK5D85       | Long             | EC               | CORP              | JP        |      2200 | NS      | $16592.40     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tamarack Valley Energy Ltd      | Tamarack Valley Energy Ltd                           | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |      3730 | NS      | $16215.06     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Gakujo Co Ltd                   | Gakujo Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $16339.55     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyakugo Bank Ltd/The            | Hyakugo Bank Ltd/The                                 | CUSIP: N/A<br>LEI: 549300BYCCERC5EKUX15       | Long             | EC               | CORP              | JP        |      2800 | NS      | $17227.33     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                     | Italgas SpA                                          | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |      2750 | NS      | $25332.54     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| VersaBank                       | VersaBank                                            | CUSIP: 92512J106<br>LEI: 549300RUBSDFVNCR7415 | Long             | EC               | CORP              | CA        |       800 | NS      | $9772.22      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Liontrust Asset Management PLC  | Liontrust Asset Management PLC                       | CUSIP: N/A<br>LEI: 549300XVXU6S7PLCL855       | Long             | EC               | CORP              | GB        |      1800 | NS      | $8333.23      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Enplas Corp                     | Enplas Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $18877.77     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Wavestone                       | Wavestone                                            | CUSIP: N/A<br>LEI: 969500GSN25I3B3X6F94       | Long             | EC               | CORP              | FR        |       230 | NS      | $13052.64     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Martens PLC                  | Dr Martens PLC                                       | CUSIP: N/A<br>LEI: 213800QPT8YM6NQZPH28       | Long             | EC               | CORP              | GB        |     12830 | NS      | $17142.90     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sakai Moving Service Co Ltd     | Sakai Moving Service Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $18217.95     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA              | Azimut Holding SpA                                   | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |       323 | NS      | $12514.10     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Ship Healthcare Holdings Inc    | Ship Healthcare Holdings Inc                         | CUSIP: N/A<br>LEI: 353800BIFUE1L527TH13       | Long             | EC               | CORP              | JP        |      1600 | NS      | $24737.53     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Atresmedia Corp de Medios de C  | Atresmedia Corp de Medios de Comunicacion SA         | CUSIP: N/A<br>LEI: 95980020140005491929       | Long             | EC               | CORP              | ES        |      3400 | NS      | $22391.32     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Italian Sea Group SPA/The       | Italian Sea Group SPA/The                            | CUSIP: N/A<br>LEI: 8156007833AB49068789       | Long             | EC               | CORP              | IT        |      3200 | NS      | $19177.69     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings PLC     | Berkeley Group Holdings PLC                          | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |       160 | NS      | $8269.60      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamazen Corp                    | Yamazen Corp                                         | CUSIP: N/A<br>LEI: 353800VADDW91MPELT42       | Long             | EC               | CORP              | JP        |      1600 | NS      | $15085.55     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SBO AG                          | SBO AG                                               | CUSIP: N/A<br>LEI: 549300ZD9ED8GSG3JW36       | Long             | EC               | CORP              | AT        |       330 | NS      | $10366.55     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| GENOVA Inc                      | GENOVA Inc                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3200 | NS      | $14337.69     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Forest Products Inc     | Western Forest Products Inc                          | CUSIP: 958211708<br>LEI: 54930025VS2JPY0XAU56 | Long             | EC               | CORP              | CA        |       983 | NS      | $8539.53      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Horiba Ltd                      | Horiba Ltd                                           | CUSIP: N/A<br>LEI: 529900OOTWPYSNW0EC84       | Long             | EC               | CORP              | JP        |       200 | NS      | $16903.98     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Shibaura Mechatronics Corp      | Shibaura Mechatronics Corp                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       400 | NS      | $35247.38     | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Optorun Co Ltd                  | Optorun Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2200 | NS      | $24686.99     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Card Factory PLC                | Card Factory PLC                                     | CUSIP: N/A<br>LEI: 213800TTSOPFVCKPFQ11       | Long             | EC               | CORP              | GB        |     10900 | NS      | $15016.99     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ESPEC Corp                      | ESPEC Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $18583.37     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoei Co Ltd                    | Shoei Co Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2000 | NS      | $23759.88     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Impax Asset Management Group P  | Impax Asset Management Group PLC                     | CUSIP: N/A<br>LEI: 213800AJDNW4S2B7E680       | Long             | EC               | CORP              | GB        |      4000 | NS      | $10314.82     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Schweiter Technologies AG       | Schweiter Technologies AG                            | CUSIP: N/A<br>LEI: 894500D6OYCP8P8P7317       | Long             | EC               | CORP              | CH        |        28 | NS      | $10207.69     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Stabilus SE                     | Stabilus SE                                          | CUSIP: N/A<br>LEI: 529900JOSL94HJN4VZ28       | Long             | EC               | CORP              | DE        |       370 | NS      | $10753.76     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Canada                      | Air Canada                                           | CUSIP: 008911877<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | EC               | CORP              | CA        |      1640 | NS      | $20692.97     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Havas NV                        | Havas NV                                             | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | FR        |      8300 | NS      | $15301.26     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Renishaw PLC                    | Renishaw PLC                                         | CUSIP: N/A<br>LEI: 21380048ADXM6Z67CT18       | Long             | EC               | CORP              | GB        |       200 | NS      | $9643.55      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Subsea 7 SA                     | Subsea 7 SA                                          | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | GB        |       800 | NS      | $16599.76     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Forterra PLC                    | Forterra PLC                                         | CUSIP: N/A<br>LEI: 213800O5DD6ATBVJAD23       | Long             | EC               | CORP              | GB        |      3521 | NS      | $8864.65      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TF Bank AB                      | TF Bank AB                                           | CUSIP: N/A<br>LEI: 529900BGZZZTLLBR1X49       | Long             | EC               | CORP              | SE        |       600 | NS      | $11552.17     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtrip Corp                    | Airtrip Corp                                         | CUSIP: J0065P106<br>LEI: 98450015973AV3E4D516 | Long             | EC               | CORP              | JP        |      3400 | NS      | $22499.67     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Furyu Corp                      | Furyu Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3500 | NS      | $26125.85     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 SMN                 | SpareBank 1 SMN                                      | CUSIP: N/A<br>LEI: 7V6Z97IO7R1SEAO84Q32       | Long             | EC               | CORP              | NO        |       700 | NS      | $13596.62     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SBM Offshore NV                 | SBM Offshore NV                                      | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |       460 | NS      | $11771.93     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Baytex Energy Corp              | Baytex Energy Corp                                   | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |      7470 | NS      | $17498.17     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Arctic Paper SA                 | Arctic Paper SA                                      | CUSIP: N/A<br>LEI: 259400OI92UBLS9RJK55       | Long             | EC               | CORP              | PL        |      2200 | NS      | $5052.02      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AG Barr PLC                     | AG Barr PLC                                          | CUSIP: N/A<br>LEI: 213800QWTXXXF8BNEC87       | Long             | EC               | CORP              | GB        |      1220 | NS      | $10984.45     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Premier Foods PLC               | Premier Foods PLC                                    | CUSIP: N/A<br>LEI: 213800ZD5I8XHNMCJA67       | Long             | EC               | CORP              | GB        |      5890 | NS      | $15190.23     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| MEC Co Ltd                      | MEC Co Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1300 | NS      | $33663.08     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanko Metal Industrial Co Ltd   | Sanko Metal Industrial Co Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $10178.46     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuso Chemical Co Ltd            | Fuso Chemical Co Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $33081.93     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| UMS Integration Ltd             | UMS Integration Ltd                                  | CUSIP: Y9050L106<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     11525 | NS      | $12434.88     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Esprinet SpA                    | Esprinet SpA                                         | CUSIP: N/A<br>LEI: 8156007E3375956ADD08       | Long             | EC               | CORP              | IT        |      2240 | NS      | $15508.41     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Riverstone Holdings Ltd         | Riverstone Holdings Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     15000 | NS      | $8312.16      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Boshoku Corp             | Toyota Boshoku Corp                                  | CUSIP: N/A<br>LEI: 529900KS87U6EY7PWG26       | Long             | EC               | CORP              | JP        |      1100 | NS      | $18206.46     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Super Retail Group Ltd          | Super Retail Group Ltd                               | CUSIP: N/A<br>LEI: 9845001C5140A8CK7D81       | Long             | EC               | CORP              | AU        |      1900 | NS      | $20440.24     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MIMAKI ENGINEERING CO LTD       | MIMAKI ENGINEERING CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $11920.29     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                     | Aalberts NV                                          | CUSIP: N/A<br>LEI: 549300EMP9DT6Q35HZ31       | Long             | EC               | CORP              | NL        |       400 | NS      | $13187.87     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Jupiter Fund Management PLC     | Jupiter Fund Management PLC                          | CUSIP: N/A<br>LEI: 5493003DJ1G01IMQ7S28       | Long             | EC               | CORP              | GB        |      8740 | NS      | $16947.92     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ReWorld Media SA                | ReWorld Media SA                                     | CUSIP: N/A<br>LEI: 969500VO74QGAKE3EF53       | Long             | EC               | CORP              | FR        |      4800 | NS      | $10449.11     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonteq AG                      | Leonteq AG                                           | CUSIP: N/A<br>LEI: 254900ZIGEA3M1TF0O96       | Long             | EC               | CORP              | CH        |       500 | NS      | $11044.98     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Orora Ltd                       | Orora Ltd                                            | CUSIP: N/A<br>LEI: 549300WFEQJK35VDF789       | Long             | EC               | CORP              | AU        |     13900 | NS      | $19120.15     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinnihonseiyaku Co Ltd         | Shinnihonseiyaku Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $7736.61      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                         | ISS A/S                                              | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |       530 | NS      | $16794.01     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Iveco Group NV                  | Iveco Group NV                                       | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Long             | EC               | CORP              | IT        |       540 | NS      | $11701.45     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Harbour Energy PLC              | Harbour Energy PLC                                   | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |      5440 | NS      | $15242.84     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Primaris Real Estate Investmen  | Primaris Real Estate Investment Trust                | CUSIP: 74167K109<br>LEI: 549300WUM45OXSEVOT03 | Long             | EC               | CORP              | CA        |      2100 | NS      | $23132.14     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Wealth Solutions Lt  | Brookfield Wealth Solutions Ltd                      | CUSIP: N/A<br>LEI: 9845004583U3B8E06924       | Long             | EC               | CORP              | CA        |       370 | NS      | $25365.88     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker Solutions ASA              | Aker Solutions ASA                                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXG42836       | Long             | EC               | CORP              | NO        |      4250 | NS      | $12770.00     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| MJ Gleeson PLC                  | MJ Gleeson PLC                                       | CUSIP: N/A<br>LEI: 21380064K7N2W7FD6434       | Long             | EC               | CORP              | GB        |      1620 | NS      | $8358.17      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaver Shop Group Ltd           | Shaver Shop Group Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     10100 | NS      | $9541.25      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| H&R Real Estate Investment Tru  | H&R Real Estate Investment Trust                     | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               | CORP              | CA        |      3100 | NS      | $25059.28     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Austevoll Seafood ASA           | Austevoll Seafood ASA                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXFFDC03       | Long             | EC               | CORP              | NO        |      1490 | NS      | $14215.55     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Aozora Bank Ltd                 | Aozora Bank Ltd                                      | CUSIP: N/A<br>LEI: X0XUGKC9FD2CYUQNC010       | Long             | EC               | CORP              | JP        |      1700 | NS      | $26576.92     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Rieter Holding AG               | Rieter Holding AG                                    | CUSIP: N/A<br>LEI: 529900SNR4JQCSACBN29       | Long             | EC               | CORP              | CH        |        90 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Australian Finance Group Ltd    | Australian Finance Group Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      9000 | NS      | $15471.24     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Hachijuni Bank Ltd/The          | Hachijuni Bank Ltd/The                               | CUSIP: N/A<br>LEI: FE70I3MHDCWOZWK19W48       | Long             | EC               | CORP              | JP        |      1700 | NS      | $17727.09     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Hodogaya Chemical Co Ltd        | Hodogaya Chemical Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2200 | NS      | $26628.77     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| First Bank of Toyama Ltd/The    | First Bank of Toyama Ltd/The                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3300 | NS      | $34235.12     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC          | Brightstar Lottery PLC                               | CUSIP: N/A<br>LEI: 549300UQ6KHRCZDRGZ76       | Long             | EC               | CORP              | US        |       500 | NS      | $8625.00      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hito Communications Holdings I  | Hito Communications Holdings Inc                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1700 | NS      | $12578.08     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Parkland Corp                   | Parkland Corp                                        | CUSIP: 70137W108<br>LEI: 549300UY5C6HUV0XLS53 | Long             | EC               | CORP              | CA        |       400 | NS      | $11065.60     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EJ Holdings Inc                 | EJ Holdings Inc                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $9614.81      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoCanada Inc                  | AutoCanada Inc                                       | CUSIP: 05277B209<br>LEI: 549300BPCHUK5M1WZS45 | Long             | EC               | CORP              | CA        |       650 | NS      | $14595.46     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tocalo Co Ltd                   | Tocalo Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2000 | NS      | $29374.62     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Software Service Inc            | Software Service Inc                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       200 | NS      | $20076.60     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc            | Vermilion Energy Inc                                 | CUSIP: 923725105<br>LEI: 8945009D1HGCJC8M8A68 | Long             | EC               | CORP              | CA        |      2150 | NS      | $16792.77     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TOMONY Holdings Inc             | TOMONY Holdings Inc                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5900 | NS      | $26753.21     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Halfords Group PLC              | Halfords Group PLC                                   | CUSIP: N/A<br>LEI: 54930086FKBWWJIOBI79       | Long             | EC               | CORP              | GB        |      6300 | NS      | $12137.46     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tazmo Co Ltd                    | Tazmo Co Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1700 | NS      | $28015.65     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Bucher Industries AG            | Bucher Industries AG                                 | CUSIP: N/A<br>LEI: 52990014AQ91A29HPB27       | Long             | EC               | CORP              | CH        |        23 | NS      | $10967.85     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Pegasus Co Ltd                  | Pegasus Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3200 | NS      | $14781.58     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| El.En. SpA                      | El.En. SpA                                           | CUSIP: N/A<br>LEI: 81560012F663E89E7085       | Long             | EC               | CORP              | IT        |      1280 | NS      | $17115.42     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiscox Ltd                      | Hiscox Ltd                                           | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70       | Long             | EC               | CORP              | BM        |      1510 | NS      | $27871.28     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Tritax Big Box REIT PLC         | Tritax Big Box REIT PLC                              | CUSIP: N/A<br>LEI: 213800L6X88MIYPVR714       | Long             | EC               | CORP              | GB        |     11800 | NS      | $23000.39     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Will Group Inc                  | Will Group Inc                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $10362.11     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Oriola Oyj                      | Oriola Oyj                                           | CUSIP: N/A<br>LEI: 549300UWB1AIR85BM957       | Long             | EC               | CORP              | FI        |      9200 | NS      | $12456.87     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Evertz Technologies Ltd         | Evertz Technologies Ltd                              | CUSIP: 30041N107<br>LEI: 254900ASG60X9475O884 | Long             | EC               | CORP              | CA        |      1000 | NS      | $8622.55      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SThree PLC                      | SThree PLC                                           | CUSIP: N/A<br>LEI: 2138003NEBX5VRP3EX50       | Long             | EC               | CORP              | GB        |      4100 | NS      | $8982.06      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JCU Corp                        | JCU Corp                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $30805.53     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Cardinal Energy Ltd             | Cardinal Energy Ltd                                  | CUSIP: 14150G400<br>LEI: 54930032PTI7XWCLOD92 | Long             | EC               | CORP              | CA        |      2540 | NS      | $14144.57     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vetropack Holding AG            | Vetropack Holding AG                                 | CUSIP: N/A<br>LEI: 894500HGD08C8B6GS128       | Long             | EC               | CORP              | CH        |       351 | NS      | $10439.41     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSOS SA                        | IPSOS SA                                             | CUSIP: N/A<br>LEI: 9695002OY2X35E9X8W87       | Long             | EC               | CORP              | FR        |       200 | NS      | $8936.32      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Pasona Group Inc                | Pasona Group Inc                                     | CUSIP: N/A<br>LEI: 3538002LRFQSFLGGLX89       | Long             | EC               | CORP              | JP        |      1100 | NS      | $16271.10     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Medical Facilities Corp         | Medical Facilities Corp                              | CUSIP: 58457V503<br>LEI: 549300KHW6BB8F1NXK22 | Long             | EC               | CORP              | CA        |      2000 | NS      | $20320.47     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Norma Group SE                  | Norma Group SE                                       | CUSIP: N/A<br>LEI: 5299000LM9HC76W5XD46       | Long             | EC               | CORP              | DE        |       710 | NS      | $11948.82     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Costain Group PLC               | Costain Group PLC                                    | CUSIP: N/A<br>LEI: 213800PKIJBZ2EDTKC88       | Long             | EC               | CORP              | GB        |      8550 | NS      | $15494.27     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SUSS MicroTec SE                | SUSS MicroTec SE                                     | CUSIP: N/A<br>LEI: 529900C3KRUTSYDK7N87       | Long             | EC               | CORP              | DE        |       500 | NS      | $17957.46     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Just Group PLC                  | Just Group PLC                                       | CUSIP: N/A<br>LEI: 5493006456YEZEELRR90       | Long             | EC               | CORP              | GB        |     11300 | NS      | $32234.22     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Gestamp Automocion SA           | Gestamp Automocion SA                                | CUSIP: N/A<br>LEI: 95980020140005484363       | Long             | EC               | CORP              | ES        |      3310 | NS      | $12871.79     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Elmera Group ASA                | Elmera Group ASA                                     | CUSIP: N/A<br>LEI: 2138006BSHJVCD9SR489       | Long             | EC               | CORP              | NO        |      6580 | NS      | $22450.81     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AFRY AB                         | AFRY AB                                              | CUSIP: W05244111<br>LEI: 549300Q87LKPPD4X9R30 | Long             | EC               | CORP              | SE        |       780 | NS      | $13448.32     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| VBG Group AB                    | VBG Group AB                                         | CUSIP: N/A<br>LEI: 549300O1V2ZWY6W9GZ14       | Long             | EC               | CORP              | SE        |       500 | NS      | $16738.78     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| RTL Group SA                    | RTL Group SA                                         | CUSIP: N/A<br>LEI: 5493000C8J3C3SZYS040       | Long             | EC               | CORP              | LU        |       230 | NS      | $9446.92      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Sistema SpA               | Banca Sistema SpA                                    | CUSIP: N/A<br>LEI: 815600B5C61A10BBB451       | Long             | EC               | CORP              | IT        |      6077 | NS      | $11107.08     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Spin Master Corp                | Spin Master Corp                                     | CUSIP: 848510103<br>LEI: 254900ACUT127TXKWO71 | Long             | EC               | CORP              | CA        |       450 | NS      | $6211.47      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOR SE                         | SCOR SE                                              | CUSIP: N/A<br>LEI: 96950056ULJ4JI7V3752       | Long             | EC               | CORP              | FR        |       730 | NS      | $25817.34     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| UT Group Co Ltd                 | UT Group Co Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $14789.11     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven Bank Ltd                  | Seven Bank Ltd                                       | CUSIP: N/A<br>LEI: 353800WMG1NLGHB7B594       | Long             | EC               | CORP              | JP        |      7700 | NS      | $15192.63     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Research Institute   | Mitsubishi Research Institute Inc                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       700 | NS      | $24500.22     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinnevik AB                     | Kinnevik AB                                          | CUSIP: N/A<br>LEI: 2138006PZH76JOS6MN27       | Long             | EC               | CORP              | SE        |      2750 | NS      | $24490.36     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Computacenter PLC               | Computacenter PLC                                    | CUSIP: N/A<br>LEI: 549300XSXUZ1I19DB105       | Long             | EC               | CORP              | GB        |       350 | NS      | $12679.98     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoist Finance AB                | Hoist Finance AB                                     | CUSIP: N/A<br>LEI: 549300NPK3FB2BEL4D08       | Long             | EC               | CORP              | SE        |      1000 | NS      | $10608.66     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| RS Technologies Co Ltd          | RS Technologies Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $29989.84     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Sesa SpA                        | Sesa SpA                                             | CUSIP: N/A<br>LEI: 81560005C031D4E76707       | Long             | EC               | CORP              | IT        |       280 | NS      | $28533.24     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicaja Banco SA                | Unicaja Banco SA                                     | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |     10470 | NS      | $28810.72     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| GRENKE AG                       | GRENKE AG                                            | CUSIP: N/A<br>LEI: 529900BHRYZ464GFD289       | Long             | EC               | CORP              | DE        |      1440 | NS      | $28166.64     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparebank 1 Oestlandet          | Sparebank 1 Oestlandet                               | CUSIP: N/A<br>LEI: 549300VRM6G42M8OWN49       | Long             | EC               | CORP              | NO        |       500 | NS      | $9440.22      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| TeamViewer SE                   | TeamViewer SE                                        | CUSIP: N/A<br>LEI: 3912000FZ0R0KEK9JS42       | Long             | EC               | CORP              | DE        |      1800 | NS      | $18380.30     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV             | Technip Energies NV                                  | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | FR        |       340 | NS      | $16045.89     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| CES Energy Solutions Corp       | CES Energy Solutions Corp                            | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |      3030 | NS      | $20443.85     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| METAWATER Co Ltd                | METAWATER Co Ltd                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $18466.11     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| COSMO Pharmaceuticals NV        | COSMO Pharmaceuticals NV                             | CUSIP: N/A<br>LEI: 724500OX0EBQRYTVV639       | Long             | EC               | CORP              | IE        |       200 | NS      | $16341.71     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ProCredit Holding AG            | ProCredit Holding AG                                 | CUSIP: N/A<br>LEI: 529900LIN8L1K9MLTR09       | Long             | EC               | CORP              | DE        |       700 | NS      | $7544.88      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SmartCentres Real Estate Inves  | SmartCentres Real Estate Investment Trust            | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |      1220 | NS      | $23449.74     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC             | Luxfer Holdings PLC                                  | CUSIP: N/A<br>LEI: 21380045UF5SJYZOXE41       | Long             | EC               | CORP              | US        |      1800 | NS      | $25020.00     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Persimmon PLC                   | Persimmon PLC                                        | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |       500 | NS      | $7811.28      | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Mersen SA                       | Mersen SA                                            | CUSIP: N/A<br>LEI: OQXDLNM5DTBULYMF5U27       | Long             | EC               | CORP              | FR        |       600 | NS      | $17782.53     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Toryo Co Ltd         | Dai Nippon Toryo Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $10442.54     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Eagers Automotive Ltd           | Eagers Automotive Ltd                                | CUSIP: N/A<br>LEI: 2549009FI5JQMNR9RJ37       | Long             | EC               | CORP              | AU        |      1100 | NS      | $21315.74     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Elders Ltd                      | Elders Ltd                                           | CUSIP: N/A<br>LEI: 254900Y0SQG962QL6549       | Long             | EC               | CORP              | AU        |      2800 | NS      | $13803.60     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Financial Ltd           | Phoenix Financial Ltd                                | CUSIP: N/A<br>LEI: 254900IUA68QTCFYHE30       | Long             | EC               | CORP              | IL        |       620 | NS      | $23215.34     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Miyaji Engineering Group Inc    | Miyaji Engineering Group Inc                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $15026.61     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Riken Vitamin Co Ltd            | Riken Vitamin Co Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $27543.74     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Rion Co Ltd                     | Rion Co Ltd                                          | CUSIP: N/A<br>LEI: 353800R49MNMRJHQF556       | Long             | EC               | CORP              | JP        |      1300 | NS      | $23423.51     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyu Inc                      | Sankyu Inc                                           | CUSIP: N/A<br>LEI: 529900QWTXZZEM1T5G75       | Long             | EC               | CORP              | JP        |       300 | NS      | $16406.74     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| McMillan Shakespeare Ltd        | McMillan Shakespeare Ltd                             | CUSIP: N/A<br>LEI: 254900GPJQUGWJEAZ102       | Long             | EC               | CORP              | AU        |      1300 | NS      | $14442.29     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sydbank AS                      | Sydbank AS                                           | CUSIP: N/A<br>LEI: GP5DT10VX1QRQUKVBK64       | Long             | EC               | CORP              | DK        |       200 | NS      | $16077.90     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Vertu Motors PLC                | Vertu Motors PLC                                     | CUSIP: N/A<br>LEI: 213800GIKJEIUIGMI575       | Long             | EC               | CORP              | GB        |     12040 | NS      | $9796.52      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Wallenius Wilhelmsen ASA        | Wallenius Wilhelmsen ASA                             | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               | CORP              | NO        |      1200 | NS      | $10680.94     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Wajax Corp                      | Wajax Corp                                           | CUSIP: 930783105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1500 | NS      | $26083.21     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PeopleIN Ltd                    | PeopleIN Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     17000 | NS      | $8945.41      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Dermapharm Holding SE           | Dermapharm Holding SE                                | CUSIP: N/A<br>LEI: 5299009F0KNZINQQQK37       | Long             | EC               | CORP              | DE        |       300 | NS      | $11465.75     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Stadler Rail AG                 | Stadler Rail AG                                      | CUSIP: N/A<br>LEI: 506700781XDET0A89669       | Long             | EC               | CORP              | CH        |       470 | NS      | $11523.88     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cargojet Inc                    | Cargojet Inc                                         | CUSIP: 14179V503<br>LEI: 549300C4GBBANCBT3K72 | Long             | EC               | CORP              | CA        |       130 | NS      | $8593.81      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Perenti Ltd                     | Perenti Ltd                                          | CUSIP: N/A<br>LEI: 25490044GUNE4S2E6K11       | Long             | EC               | CORP              | AU        |     14700 | NS      | $27326.48     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| OSB Group PLC                   | OSB Group PLC                                        | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |      3620 | NS      | $27686.75     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Coface SA                       | Coface SA                                            | CUSIP: N/A<br>LEI: 96950025N07LTJYFSN57       | Long             | EC               | CORP              | FR        |      1180 | NS      | $22063.92     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Bewith Inc                      | Bewith Inc                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $11198.14     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Hays PLC                        | Hays PLC                                             | CUSIP: N/A<br>LEI: 213800QC8AWD4BO8TH08       | Long             | EC               | CORP              | GB        |     13160 | NS      | $9961.87      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Linamar Corp                    | Linamar Corp                                         | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |       210 | NS      | $11262.77     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVista Energy Ltd              | NuVista Energy Ltd                                   | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |      1110 | NS      | $12825.18     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagegroup PLC                   | Pagegroup PLC                                        | CUSIP: N/A<br>LEI: 213800JK5ZEQW4AB8G71       | Long             | EC               | CORP              | GB        |      2400 | NS      | $7386.02      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Lindsay Australia Ltd           | Lindsay Australia Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     19517 | NS      | $8463.28      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukuda Corp                     | Fukuda Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       200 | NS      | $9526.66      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| JGC Holdings Corp               | JGC Holdings Corp                                    | CUSIP: N/A<br>LEI: 5493003WMGG79YLARU68       | Long             | EC               | CORP              | JP        |      1700 | NS      | $17354.89     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamei Corp                      | Kamei Corp                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $21463.87     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruzen Showa Unyu Co Ltd       | Maruzen Showa Unyu Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       300 | NS      | $14081.84     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| NGK Insulators Ltd              | NGK Insulators Ltd                                   | CUSIP: N/A<br>LEI: 353800701BNCL25VYY16       | Long             | EC               | CORP              | JP        |      1100 | NS      | $18387.39     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Jungfraubahn Holding AG         | Jungfraubahn Holding AG                              | CUSIP: N/A<br>LEI: 5067009MCPE99B3E4489       | Long             | EC               | CORP              | CH        |        70 | NS      | $19417.63     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| MARR SpA                        | MARR SpA                                             | CUSIP: N/A<br>LEI: 815600576D5536AC7B34       | Long             | EC               | CORP              | IT        |      2220 | NS      | $24041.55     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaufman & Broad SA              | Kaufman & Broad SA                                   | CUSIP: N/A<br>LEI: 969500CE0X343D8ALO86       | Long             | EC               | CORP              | FR        |       630 | NS      | $22055.43     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Origin Enterprises PLC          | Origin Enterprises PLC                               | CUSIP: N/A<br>LEI: 213800AIB4U7N5BLS350       | Long             | EC               | CORP              | IE        |      2856 | NS      | $13099.70     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| MEKO AB                         | MEKO AB                                              | CUSIP: N/A<br>LEI: 529900R809HC1RFRQA91       | Long             | EC               | CORP              | SE        |      1680 | NS      | $14483.20     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| EnQuest PLC                     | EnQuest PLC                                          | CUSIP: N/A<br>LEI: 2138008LJU6WFQWOXJ73       | Long             | EC               | CORP              | GB        |     70500 | NS      | $11121.66     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| HUGO BOSS AG                    | HUGO BOSS AG                                         | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |       290 | NS      | $13828.42     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Norion Bank AB                  | Norion Bank AB                                       | CUSIP: N/A<br>LEI: 529900AGWAKUTYNETM62       | Long             | EC               | CORP              | SE        |      2581 | NS      | $18551.80     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| F-Secure Oyj                    | F-Secure Oyj                                         | CUSIP: N/A<br>LEI: 9845006BFDJF0375E466       | Long             | EC               | CORP              | FI        |      4500 | NS      | $8990.20      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Iyogin Holdings Inc             | Iyogin Holdings Inc                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2300 | NS      | $34734.14     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Tullow Oil PLC                  | Tullow Oil PLC                                       | CUSIP: N/A<br>LEI: 2138003EYHWO75RKS857       | Long             | EC               | CORP              | GB        |     30859 | NS      | $4324.53      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| 4imprint Group PLC              | 4imprint Group PLC                                   | CUSIP: N/A<br>LEI: 213800G95T751RN2CT94       | Long             | EC               | CORP              | GB        |       200 | NS      | $8709.71      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Peugeot Invest SA               | Peugeot Invest SA                                    | CUSIP: N/A<br>LEI: 969500Z8LOO0H8JY2E60       | Long             | EC               | CORP              | FR        |       100 | NS      | $8798.08      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Rieter Holding AG               | Rieter Holding AG                                    | CUSIP: N/A<br>LEI: 529900SNR4JQCSACBN29       | Long             | EC               | CORP              | CH        |        90 | NS      | $740.21       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Arrows Ltd               | United Arrows Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       600 | NS      | $8482.52      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| DAH SING                        | Dah Sing Financial Holdings Ltd                      | CUSIP: N/A<br>LEI: 529900J55QMXMR5KMH32       | Long             | EC               | CORP              | HK        |      6000 | NS      | $26160.53     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Kakoki Kaisha Ltd    | Mitsubishi Kakoki Kaisha Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       700 | NS      | $12678.39     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimamura Co Ltd                | Shimamura Co Ltd                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       200 | NS      | $13373.09     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokuyama Corp                   | Tokuyama Corp                                        | CUSIP: N/A<br>LEI: 529900MHGZKHNMNCQB62       | Long             | EC               | CORP              | JP        |       800 | NS      | $19849.58     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun-Wa Technos Corp             | Sun-Wa Technos Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $17953.72     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Yuasa Trading Co Ltd            | Yuasa Trading Co Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $17106.68     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Melexis NV                      | Melexis NV                                           | CUSIP: N/A<br>LEI: 549300QRPSGOJRPUFO80       | Long             | EC               | CORP              | BE        |       240 | NS      | $19131.82     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Career Design Center Co Ltd     | Career Design Center Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       700 | NS      | $10474.33     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| PayPoint PLC                    | PayPoint PLC                                         | CUSIP: N/A<br>LEI: 5493004YKWI8U0GDD138       | Long             | EC               | CORP              | GB        |      1430 | NS      | $14499.61     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Birchcliff Energy Ltd           | Birchcliff Energy Ltd                                | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |      2400 | NS      | $9881.44      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vienna Insurance                | Vienna Insurance Group AG Wiener Versicherung Gruppe | CUSIP: N/A<br>LEI: 549300JCRU23I1THU176       | Long             | EC               | CORP              | AT        |       460 | NS      | $25349.52     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Elekta AB                       | Elekta AB                                            | CUSIP: N/A<br>LEI: 54930044O54BK617EP80       | Long             | EC               | CORP              | SE        |      2500 | NS      | $12662.62     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharma Foods International Co   | Pharma Foods International Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3700 | NS      | $20831.30     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                     | Aedifica SA                                          | CUSIP: N/A<br>LEI: 529900DTKNXL0AXQFN28       | Long             | EC               | CORP              | BE        |       180 | NS      | $13363.58     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Enerflex Ltd                    | Enerflex Ltd                                         | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |      1190 | NS      | $12834.59     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| easyJet PLC                     | easyJet PLC                                          | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |      2100 | NS      | $13130.05     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Plus500 Ltd                     | Plus500 Ltd                                          | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |       550 | NS      | $23837.11     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Team Internet Group PLC         | Team Internet Group PLC                              | CUSIP: N/A<br>LEI: 213800M4IINBWMXEKV82       | Long             | EC               | CORP              | GB        |      9700 | NS      | $8088.23      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Steadfast Group Ltd             | Steadfast Group Ltd                                  | CUSIP: N/A<br>LEI: 9845003B6BEAA12DBD91       | Long             | EC               | CORP              | AU        |      6200 | NS      | $24297.50     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Hearts Holdings Co Ltd  | Digital Hearts Holdings Co Ltd                       | CUSIP: N/A<br>LEI: 353800YFGI3U64VW0H08       | Long             | EC               | CORP              | JP        |      1700 | NS      | $11172.89     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Cementir Holding NV             | Cementir Holding NV                                  | CUSIP: N/A<br>LEI: 8156008B101B97A43B02       | Long             | EC               | CORP              | IT        |       800 | NS      | $13365.39     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SFS Group AG                    | SFS Group AG                                         | CUSIP: N/A<br>LEI: 391200RQ38WAM4BJBO16       | Long             | EC               | CORP              | CH        |        95 | NS      | $12828.23     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Linc AB                         | Linc AB                                              | CUSIP: N/A<br>LEI: 549300UFJU04UGB49K16       | Long             | EC               | CORP              | SE        |      1200 | NS      | $9048.16      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SmartGroup Corp Ltd             | SmartGroup Corp Ltd                                  | CUSIP: N/A<br>LEI: 254900GHFZAMQGOYO431       | Long             | EC               | CORP              | AU        |      2700 | NS      | $14247.40     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabre Insurance Group PLC       | Sabre Insurance Group PLC                            | CUSIP: N/A<br>LEI: 2138006RXRQ8P8VKGV98       | Long             | EC               | CORP              | GB        |     12500 | NS      | $24478.85     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuestenrot & Wuerttembergische  | Wuestenrot & Wuerttembergische AG                    | CUSIP: N/A<br>LEI: 5299003H07ZT0Z5ZNN35       | Long             | EC               | CORP              | DE        |       500 | NS      | $7936.10      | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Vesuvius PLC                    | Vesuvius PLC                                         | CUSIP: N/A<br>LEI: 213800ORZ521W585SY02       | Long             | EC               | CORP              | GB        |      4490 | NS      | $22584.36     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Worldline SA/France             | Worldline SA/France                                  | CUSIP: N/A<br>LEI: 549300CJMQNCA0U4TS33       | Long             | EC               | CORP              | FR        |      3750 | NS      | $12198.61     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co. | Brown Brothers Harriman and Co.                      | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2025-09-30      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co. | Skandinaviska Enskilda Banken                        | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |     46532 | PA      | $46532.23     | 0.93%             | 2025-09-30      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-21

**Name of Applicant:** HOTCHKIS & WILEY FUNDS/DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer