# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-25-052223
**Filing Date:** 2025-8
**Character Count:** 40698
**Document Hash:** d86431429f37517d7cd72b7d8afcb5e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052223.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001145549-25-052223

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476

**ORGANIZATION NAME:**
- **EIN:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 251239047

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower International Growth Fund (Series ID: S000023737)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000069814 | Investor Class      | MXIGX           |
| C000155764 | Institutional Class | MXHTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

- **a. Name of Series:** Empower International Growth Fund

- **b. EDGAR series identifier (if any):** S000023737

- **c. LEI of Series:** 5WGJQNP7ZMHQ58KNXK35

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $587469821.89

**Total Liabilities:** $1543166.18

**Net Assets:** $585926655.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069814 | 2.83%                | 4.61%                | 1.85%                |
| Class ID C000155764 | 2.91%                | 4.60%                | 1.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $33078461.14             | $263039.96                                 |
| Month 2  | $33283302.26             | $22990577.93                               |
| Month 3  | $33588377.04             | $10821571.26                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                           | Dreyfus Instl Resv PFD GOVT INSTL                                     | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |  11145926 | PA      | $11145925.59  | 1.90%             | 2025-07-01      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Diageo PLC                                   | Diageo PLC ORD GBP0.28 101/108                                        | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    261753 | NS      | $6598566.88   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                    | Halma PLC ORD GBP0.10                                                 | CUSIP: G42504103<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    214163 | NS      | $9407436.00   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Sse PLC                                      | Sse PLC GBP0.50                                                       | CUSIP: G8842P102<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    185356 | NS      | $4666001.65   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC ORD USD0.25                                           | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     18822 | NS      | $2618916.64   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                                     | Next PLC ORD GBP0.10                                                  | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |     15251 | NS      | $2603724.28   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC Bank Ltd. SPON ADS EACH REP 3 ORD SHS                            | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    114730 | NS      | $8796349.09   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE          | LVMH Moet Hennessy Louis Vuitton SE EUR0.30                           | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     10295 | NS      | $5388212.43   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International                         | Hermes International NPV                                              | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       570 | NS      | $1545197.96   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer NV EUR0.12                                             | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     32592 | NS      | $5450640.50   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                    | Sanofi SA EUR2                                                        | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     29560 | NS      | $2861821.70   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                          | Deutsche Telekom AG NPV(REGD)                                         | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     67927 | NS      | $2486380.03   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                      | DBS Group Holdings Ltd. NPV                                           | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    152210 | NS      | $5373329.92   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Computershare Ltd.                           | Computershare Ltd. NPV                                                | CUSIP: Q2721E105<br>LEI: 21380085HOKTMGLV9G93 | Long             | EC               | CORP              | AU        |    234450 | NS      | $6150583.00   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.          | Hong Kong Exchanges & Clearing Ltd. NPV                               | CUSIP: Y3506N139<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |    225700 | NS      | $12139628.83  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hamamatsu Photonic                           | Hamamatsu Photonic NPV                                                | CUSIP: J18270108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     91500 | NS      | $1111669.44   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings Inc.                   | Tokio Marine Holdings Inc. NPV                                        | CUSIP: J86298106<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    119700 | NS      | $5073011.98   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp.                                 | Terumo Corp. NPV                                                      | CUSIP: J83173104<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |    184100 | NS      | $3378581.11   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                           | Deutsche Boerse AG NPV(REGD)                                          | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     14649 | NS      | $4785689.10   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle SA CHF0.10 (REGD)                                              | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     47398 | NS      | $4712611.24   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                               | Lonza Group AG CHF1 (REGD)                                            | CUSIP: H50524133<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      5994 | NS      | $4286689.78   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC ADS EACH REPR 5 ORD EUR0.01                      | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     77251 | NS      | $4455065.23   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     69572 | NS      | $15757362.43  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Toromont Industries Ltd.                     | Toromont Industries Ltd. COM STK NPV                                  | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     58599 | NS      | $5266702.21   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc.                      | Yum China Holdings Inc. COM USD0.01                                   | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     62484 | NS      | $2793659.59   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                | Goodman Group NPV (STAPLED UNITS)                                     | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    124797 | NS      | $2813502.35   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                    | Safran SA EUR0.20                                                     | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     41132 | NS      | $13414179.63  | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                    | Partners Group Holding AG CHF0.01 (REGD)                              | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      6197 | NS      | $8107698.28   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                 | Experian PLC ORD USD0.10                                              | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    133458 | NS      | $6880074.86   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                     | Volvo AB SER'B'NPV                                                    | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |    101590 | NS      | $2858500.58   | 0.49%             |  |  |  | No            |                  2 | On Loan: —       |
| Air Liquide S.A.(L')                         | Air Liquide S.A.(L') EUR5.50                                          | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     57342 | NS      | $11824019.67  | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Relx PLC                                     | Relx PLC ORD GBP0.1444                                                | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    140857 | NS      | $7632160.87   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                    | Gjensidige Forsikring ASA NOK2                                        | CUSIP: R2763X101<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |    183288 | NS      | $4646341.55   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd, Hong Kong                     | AIA Group Ltd, Hong Kong NPV                                          | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    544400 | NS      | $4931416.64   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                     | Rolls-Royce Holdings PLC ORD GBP0.20                                  | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    513876 | NS      | $6808790.00   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Novonesis (Novozymes) B                      | Novonesis (Novozymes) B SER'B'DKK2                                    | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     72669 | NS      | $5217407.65   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama Inc                                | Dollarama Inc COM NPV                                                 | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     59095 | NS      | $8326460.34   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa            | Compagnie Financiere Richemont Sa CHF1 (REGD)                         | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     39017 | NS      | $7383299.16   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                   | Scout24 SE NPV                                                        | CUSIP: D345XT105<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     61775 | NS      | $8527991.63   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                               | Rheinmetall AG NPV                                                    | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       853 | NS      | $1806402.22   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilfinger SE                                 | Bilfinger SE NPV                                                      | CUSIP: D11648108<br>LEI: 529900H0HULEN2BZ4604 | Long             | EC               | CORP              | DE        |     17907 | NS      | $1723687.49   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                                 | Sartorius AG NON VTG PFD NPV                                          | CUSIP: D6705R119<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |     14029 | NS      | $3573165.99   | 0.61%             |  |  |  | No            |                  2 | On Loan: —       |
| Indra Sistemas S.A.                          | Indra Sistemas S.A. EUR0.20 SER 'A'                                   | CUSIP: E6271Z155<br>LEI: 95980020140005308793 | Long             | EC               | CORP              | ES        |    100492 | NS      | $4359993.91   | 0.74%             |  |  |  | No            |                  2 | On Loan: —       |
| Pernod Ricard SA                             | Pernod Ricard SA EUR1.55                                              | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     30425 | NS      | $3034943.37   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric SE EUR4.00                                         | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     25930 | NS      | $6961833.56   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Coloplast AS                                 | Coloplast AS SER'B'DKK1                                               | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     38793 | NS      | $3693207.55   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S SER'B'DKK0.1                                         | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     97991 | NS      | $6790193.41   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria De Diseno Textil SA                | Industria De Diseno Textil SA EUR0.03 (POST SUBD)                     | CUSIP: E6282J125<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |    177459 | NS      | $9257486.48   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                      | SPIE SA EUR0.47                                                       | CUSIP: F8691R101<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |     37009 | NS      | $2081041.30   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                       | SAP SE ORD NPV                                                        | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     58596 | NS      | $17917505.68  | 3.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Munich Reinsurance AG                        | Munich Reinsurance AG NPV(REGD)                                       | CUSIP: D55535104<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      6030 | NS      | $3915498.26   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc.                            | Ajinomoto Co Inc. NPV                                                 | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     51800 | NS      | $1404980.09   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                           | Telstra Group Ltd. NPV                                                | CUSIP: Q8975N105<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    940758 | NS      | $2999722.78   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                      | Aon PLC SHS CL A                                                      | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     22568 | NS      | $8051359.52   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | Accenture PLC CLS'A'USD0.0000225                                      | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     22787 | NS      | $6810806.43   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Obic Co Ltd.                                 | Obic Co Ltd. NPV                                                      | CUSIP: J5946V107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     49200 | NS      | $1913145.52   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd.                                 | Hitachi Ltd. NPV                                                      | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    256600 | NS      | $7457912.82   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| HOYA Corp.                                   | HOYA Corp. NPV                                                        | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     74500 | NS      | $8847776.53   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| IHI Corp.                                    | IHI Corp. NPV                                                         | CUSIP: J2398N113<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |     38200 | NS      | $4131855.71   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                            | Compass Group PLC ORD GBP0.1105                                       | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    157928 | NS      | $5347154.48   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                                  | Diploma PLC ORD GBP0.05                                               | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     75873 | NS      | $5091246.84   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                   | Haleon PLC ORD GBP0.01                                                | CUSIP: G4232K100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    864371 | NS      | $4441348.48   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group PLC            | InterContinental Hotels Group PLC ORD GBP0.208521303                  | CUSIP: G4804L163<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     80574 | NS      | $9210197.31   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp.                                    | Kao Corp. NPV                                                         | CUSIP: J30642169<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     82100 | NS      | $3678540.28   | 0.63%             |  |  |  | No            |                  2 | On Loan: —       |
| Keyence Corp.                                | Keyence Corp. NPV                                                     | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     11400 | NS      | $4558042.31   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd.                             | Nintendo Co Ltd. NPV                                                  | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     54200 | NS      | $5204817.16   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                     | QBE Insurance Group Ltd. NPV                                          | CUSIP: Q78063114<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |    197282 | NS      | $3037971.54   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Relx PLC                                     | Relx PLC ORD GBP0.1444                                                | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    173555 | NS      | $9378712.80   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC ORD GBP0.031111                                          | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    119155 | NS      | $7272925.97   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                             | Sony Group Corp. NPV                                                  | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    480100 | NS      | $12482756.00  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp.                              | Advantest Corp. NPV                                                   | CUSIP: J00210104<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     61800 | NS      | $4581298.52   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                          | EssilorLuxottica SA EUR0.18                                           | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     34852 | NS      | $9570127.37   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken N.V.                                | Heineken N.V. EUR1.60                                                 | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     35508 | NS      | $3097828.36   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| The Sage Group PLC                           | The Sage Group PLC GBP0.01051948                                      | CUSIP: G7771K142<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |    243196 | NS      | $4174675.67   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT Group AG                                 | VAT Group AG CHF0.10 (REGD)                                           | CUSIP: H90508104<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |     10090 | NS      | $4275457.65   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC              | London Stock Exchange Group PLC ORD GBP0.06918604                     | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    115094 | NS      | $16824213.52  | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                   | Legrand SA EUR4                                                       | CUSIP: F56196185<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     33329 | NS      | $4467049.99   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                 | 3i Group PLC ORD GBP0.738636                                          | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    101911 | NS      | $5765951.95   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                            | NatWest Group PLC ORD GBP1.0769                                       | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    430344 | NS      | $3021094.98   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmos Pharmaceutical Corp.                  | Cosmos Pharmaceutical Corp. NPV                                       | CUSIP: J08959108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24400 | NS      | $1548535.09   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Toei Animation Co Ltd.                       | Toei Animation Co Ltd. NPV                                            | CUSIP: J84453109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    170000 | NS      | $3876512.00   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| M3, Inc.                                     | M3, Inc. NPV                                                          | CUSIP: J4697J108<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |    372500 | NS      | $5116924.61   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Azbil Corp.                                  | Azbil Corp. NPV                                                       | CUSIP: J0370G106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    325100 | NS      | $3082804.07   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Rakuten Bank Ltd.                            | Rakuten Bank Ltd. NPV                                                 | CUSIP: J6S87A100<br>LEI: 3538007HFAF2NOCBUE44 | Long             | EC               | CORP              | JP        |     82200 | NS      | $3768287.94   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd.                     | Recruit Holdings Co Ltd. NPV                                          | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    174200 | NS      | $10244116.16  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV AS                                       | DSV AS DKK1                                                           | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     14437 | NS      | $3462777.19   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology S.A.                      | Spotify Technology S.A. SHS                                           | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      3525 | NS      | $2704873.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                        | Tencent Holdings Ltd. HKD0.00002                                      | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    137500 | NS      | $8859896.99   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Totvs SA                                     | Totvs SA COM NPV                                                      | CUSIP: P92184103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    710300 | NS      | $5531426.24   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd.       | Check Point Software Technologies Ltd. ORD ILS0.01                    | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     32623 | NS      | $7217838.50   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                      | IMCD NV EUR0.16                                                       | CUSIP: N4447S106<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     30091 | NS      | $4047111.91   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                   | Hexagon AB SER'B'NPV                                                  | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |    509185 | NS      | $5132380.28   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group N.V                    | Universal Music Group N.V EUR10.00                                    | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    184896 | NS      | $5998147.73   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. EUR0.09                                             | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     19560 | NS      | $15674194.02  | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                    | Argenx SE EUR0.10                                                     | CUSIP: N0610Q109<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      1501 | NS      | $830930.37    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                     | Adyen NV EUR0.01                                                      | CUSIP: N3501V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      1725 | NS      | $3168036.03   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                 | Ferrovial SE EUR0.01                                                  | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     77323 | NS      | $4124629.59   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                | Assa Abloy AB SER'B'NPV                                               | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    219947 | NS      | $6876345.25   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd.                                | Lotes Co Ltd. TWD10                                                   | CUSIP: Y53302116<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     89000 | NS      | $4121018.62   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                               | Atlas Copco AB SER'A'NPV                                              | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    224943 | NS      | $3636430.55   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd.                            | Clicks Group Ltd. ZAR0.01                                             | CUSIP: S17249111<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |    305706 | NS      | $6406378.59   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-20

**Name of Applicant:** EMPOWER FUNDS, INC.

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Empower Funds, Inc.