# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0001752724-25-148528
**Filing Date:** 2025-6
**Character Count:** 67086
**Document Hash:** a1741a3a408397955da8564156176bac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-148528.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-148528

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001048702

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08495
- **FILM NUMBER:** 251057079

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19991015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE INVESTING FOUNDATION III
- **DATE OF NAME CHANGE:** 19971029

## Series and Classes Contracts Data

### Nationwide Bailard International Equities Fund (Series ID: S000041101)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000127610 | Institutional Service Class | NWHNX           |
| C000127611 | Class A                     | NWHJX           |
| C000127613 | Class M                     | NWHLX           |
| C000127614 | Class R6                    | NWHMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Mutual Funds

- **b. Investment Company Act file number:** 811-08495

- **c. CIK number of Registrant:** 0001048702

- **d. LEI of Registrant:** 549300NXDT8MH8Z3PQ44

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

  - **Street Address 1:** One Nationwide Plaza

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** Nationwide Bailard International Equities Fund

- **b. EDGAR series identifier (if any):** S000041101

- **c. LEI of Series:** 549300PXKJNKHU5IU808

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $220028508.48

**Total Liabilities:** $2550120.46

**Net Assets:** $217478388.02

**Cash Not Reported:** $1945767.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000127614 | 3.60%                | 0.22%                | 3.47%                |
| Class ID C000127611 | 3.51%                | 0.30%                | 3.38%                |
| Class ID C000127613 | 3.50%                | 0.31%                | 3.47%                |
| Class ID C000127610 | 3.50%                | 0.30%                | 3.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2502503.87              | $4483415.02                                |
| Month 2  | $2451490.70              | $-2944445.19                               |
| Month 3  | $-301642.44              | $6593236.12                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mitsui & Co. Ltd.                                         | Mitsui & Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     60000 | NS      | $1219241.98   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.               | Taiwan Semiconductor Manufacturing Co. Ltd.                            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     14000 | NS      | $2333660.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      4500 | NS      | $3065845.60   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                               | Telenor ASA                                                            | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |     60000 | NS      | $904766.36    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd.                                                  | Sea Ltd.                                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     15000 | NS      | $2010750.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp.                                           | Advantest Corp.                                                        | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |     12100 | NS      | $500269.24    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                              | ING Groep NV                                                           | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     35000 | NS      | $678837.34    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                                          | Sony Group Corp.                                                       | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     85000 | NS      | $2194017.02   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                   | Meituan, Class B                                                       | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |     40000 | NS      | $669045.37    | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Prysmian SpA                                              | Prysmian SpA                                                           | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |     35000 | NS      | $1918661.42   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                                 | Danone SA                                                              | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     17000 | NS      | $1462921.59   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                                 | Sanofi SA                                                              | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     10000 | NS      | $1096690.30   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Next plc                                                  | Next plc                                                               | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      6000 | NS      | $989216.58    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                                   | GSK plc                                                                | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     90000 | NS      | $1777623.10   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp.                                            | Sumitomo Corp.                                                         | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     50000 | NS      | $1226655.97   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| CF SECURED LLC                                            | Treasury Repurchase Agreement                                          | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   2345580 | PA      | $2345579.50   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Daito Trust Construction Co. Ltd.                         | Daito Trust Construction Co. Ltd.                                      | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |      8000 | NS      | $888160.89    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd.                    | Check Point Software Technologies Ltd.                                 | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      6000 | NS      | $1317360.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co. Ltd.                                 | Recruit Holdings Co. Ltd.                                              | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     23400 | NS      | $1306093.53   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirin Holdings Co. Ltd.                                   | Kirin Holdings Co. Ltd.                                                | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |     65000 | NS      | $982342.05    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                              | Komatsu Ltd.                                                           | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     45000 | NS      | $1294571.95   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                                 | adidas AG                                                              | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |      6000 | NS      | $1371156.04   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                        | Deutsche Boerse AG                                                     | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      3000 | NS      | $965616.30    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group plc                                         | Compass Group plc                                                      | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     20000 | NS      | $671873.23    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp.                                         | Nitto Denko Corp.                                                      | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     55000 | NS      | $964808.60    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                                    | AP Moller - Maersk A/S, Class B                                        | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |       400 | NS      | $687281.90    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                                       | EssilorLuxottica SA                                                    | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      5000 | NS      | $1435816.09   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                                     | Spotify Technology SA                                                  | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      4000 | NS      | $2455920.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays plc                                              | Barclays plc                                                           | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    500000 | NS      | $2000761.39   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas SA                                                         | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     12000 | NS      | $1014196.16   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                 | Kia Corp.                                                              | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     20000 | NS      | $1273960.17   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                             | Industria de Diseno Textil SA                                          | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     30000 | NS      | $1614724.16   | 0.74%             |  |  |  | No            |                  2 | On Loan: —       |
| Sumitomo Mitsui Trust Group, Inc.                         | Sumitomo Mitsui Trust Group, Inc.                                      | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |     40000 | NS      | $989463.41    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                                    | Cie de Saint-Gobain SA                                                 | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     12000 | NS      | $1305191.72   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                          | Deutsche Post AG                                                       | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     20000 | NS      | $850440.28    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                                      | Honda Motor Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     75000 | NS      | $764094.78    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.                      | MS&AD Insurance Group Holdings, Inc.                                   | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |     35000 | NS      | $796921.89    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS Group AG (Registered)                                              | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     33000 | NS      | $994925.03    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                                        | Publicis Groupe SA                                                     | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |      6500 | NS      | $658873.29    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                       | LVMH Moet Hennessy Louis Vuitton SE                                    | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |      3000 | NS      | $1655482.92   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                                  | Panasonic Holdings Corp.                                               | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    100000 | NS      | $1159976.28   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                                  | RELX plc                                                               | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     37500 | NS      | $2043257.74   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                           | ASML Holding NV (Registered)                                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      4300 | NS      | $2872744.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                 | Airbus SE                                                              | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |      4500 | NS      | $753403.39    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                    | AXA SA                                                                 | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     25000 | NS      | $1185083.46   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                                     | Schneider Electric SE                                                  | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     11000 | NS      | $2577509.45   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd.                                       | Tokyo Electron Ltd.                                                    | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      8500 | NS      | $1266950.50   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                                            | Rheinmetall AG                                                         | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      1300 | NS      | $2200789.85   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                                  | Hermes International SCA                                               | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       400 | NS      | $1091941.21   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                           | Telefonaktiebolaget LM Ericsson, Class B                               | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |    150000 | NS      | $1272581.80   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd.                                              | Hitachi Ltd.                                                           | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     45000 | NS      | $1112758.31   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                                  | Enel SpA                                                               | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    200000 | NS      | $1732922.90   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                                | Eiffage SA                                                             | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      9000 | NS      | $1224549.14   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                          | Novo Nordisk A/S, Class B                                              | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     25000 | NS      | $1665447.77   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                            | Air Liquide SA                                                         | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      7000 | NS      | $1439970.30   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                                         | Wolters Kluwer NV                                                      | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      6500 | NS      | $1148503.73   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co. Ltd.                                       | Shionogi & Co. Ltd.                                                    | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     80000 | NS      | $1343613.67   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                              | GEA Group AG                                                           | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     12000 | NS      | $778339.30    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                              | Iberdrola SA                                                           | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     99581 | NS      | $1795273.83   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                               | Cie Financiere Richemont SA (Registered)                               | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |      9000 | NS      | $1583485.45   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group plc                                              | 3i Group plc                                                           | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     40000 | NS      | $2270582.77   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co. Ltd.                                   | Fast Retailing Co. Ltd.                                                | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      2500 | NS      | $825735.60    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                                    | BP plc                                                                 | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    216000 | NS      | $987888.36    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Orkla ASA                                                 | Orkla ASA                                                              | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |     75000 | NS      | $835410.68    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                               | Aena SME SA                                                            | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |      5000 | NS      | $1257176.29   | 0.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Telia Co. AB                                              | Telia Co. AB                                                           | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    350000 | NS      | $1315671.50   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                           | AstraZeneca plc                                                        | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     50000 | NS      | $3589500.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group plc                                        | Intertek Group plc                                                     | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |     13000 | NS      | $795410.39    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesfarmers Ltd.                                           | Wesfarmers Ltd.                                                        | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |     32000 | NS      | $1608850.87   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                     | Tencent Holdings Ltd.                                                  | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     20000 | NS      | $1241075.64   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp.                                                | Hoya Corp.                                                             | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      5000 | NS      | $588011.78    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                                  | ABB Ltd. (Registered)                                                  | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     16000 | NS      | $846993.92    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems plc                                           | BAE Systems plc                                                        | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     37000 | NS      | $850437.62    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                           | Danske Bank A/S                                                        | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |     23000 | NS      | $807120.41    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                               | Investor AB, Class B                                                   | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |     22000 | NS      | $656240.59    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp.                                                 | Kao Corp.                                                              | CUSIP: N/A<br>LEI: 353800HM38HFCB8RGL63       | Long             | EC               | CORP              | JP        |     16000 | NS      | $681569.56    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                             | Koninklijke Ahold Delhaize NV                                          | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     30000 | NS      | $1228753.06   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.                       | Teva Pharmaceutical Industries Ltd.                                    | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     60000 | NS      | $930600.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp.                                              | Kubota Corp.                                                           | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |     75000 | NS      | $869392.68    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                                   | DBS Group Holdings Ltd.                                                | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     50000 | NS      | $1634671.14   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                               | Reckitt Benckiser Group plc                                            | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |     20000 | NS      | $1290821.65   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Canon, Inc.                                               | Canon, Inc.                                                            | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |     40000 | NS      | $1235168.92   | 0.57%             |  |  |  | No            |                  2 | On Loan: —       |
| Intesa Sanpaolo SpA                                       | Intesa Sanpaolo SpA                                                    | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    400000 | NS      | $2124255.60   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                            | BHP Group Ltd.                                                         | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     40000 | NS      | $949001.30    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                     | Sumitomo Mitsui Financial Group, Inc.                                  | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     55000 | NS      | $1312960.25   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp.                                        | Nippon Steel Corp.                                                     | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |     30000 | NS      | $632425.26    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Electric Power Co., Inc. (The)                     | Kansai Electric Power Co., Inc. (The)                                  | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |     60000 | NS      | $737702.43    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mazda Motor Corp.                                         | Mazda Motor Corp.                                                      | CUSIP: N/A<br>LEI: 52990044YZJLICDQKK92       | Long             | EC               | CORP              | JP        |    100000 | NS      | $599306.20    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co. Ltd.                                         | Nintendo Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     12000 | NS      | $1002583.32   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                    | SAP SE                                                                 | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     17000 | NS      | $4916844.53   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo plc                                                | Diageo plc                                                             | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |     27000 | NS      | $753609.88    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp.                                                 | NEC Corp.                                                              | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     35000 | NS      | $853580.44    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings, Inc.                                        | PDD Holdings, Inc.                                                     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      7000 | NS      | $738990.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp.                                             | Olympus Corp.                                                          | CUSIP: N/A<br>LEI: 5299000Y52IFDI1I2A21       | Long             | EC               | CORP              | JP        |     80000 | NS      | $1044936.77   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                      | Mitsubishi UFJ Financial Group, Inc.                                   | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |     90000 | NS      | $1138991.98   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Generali                                                  | Generali                                                               | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     30000 | NS      | $1093216.96   | 0.50%             |  |  |  | No            |                  2 | On Loan: —       |
| Seven & i Holdings Co. Ltd.                               | Seven & i Holdings Co. Ltd.                                            | CUSIP: N/A<br>LEI: 52990037G8JRM3TWGY86       | Long             | EC               | CORP              | JP        |     50000 | NS      | $741088.77    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                           | Mitsubishi Chemical Group Corp.                                        | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |    100000 | NS      | $484425.41    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                       | Erste Group Bank AG                                                    | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     10000 | NS      | $673570.25    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                              | Unilever plc                                                           | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     49000 | NS      | $3109983.35   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitas AB                                              | Securitas AB, Class B                                                  | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |     80000 | NS      | $1279259.52   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                                 | Holcim AG                                                              | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     15000 | NS      | $1664353.74   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                      | Macquarie Group Ltd.                                                   | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |      5000 | NS      | $622407.15    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                          | Roche Holding AG                                                       | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     10000 | NS      | $3262101.19   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                                | Allianz SE (Registered)                                                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      4500 | NS      | $1858482.78   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                | Alibaba Group Holding Ltd.                                             | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     10000 | NS      | $1194300.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp.                                                | KDDI Corp.                                                             | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |     43000 | NS      | $760015.19    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                          | Skandinaviska Enskilda Banken AB, Class A                              | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |     55000 | NS      | $876027.89    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                   | E.ON SE                                                                | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     80000 | NS      | $1399884.76   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                                 | Shell plc                                                              | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     45000 | NS      | $1439787.22   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                             | AIB Group plc                                                          | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    140000 | NS      | $944731.47    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                        | Banco Bilbao Vizcaya Argentaria SA                                     | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    175000 | NS      | $2405437.99   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                        | Toyota Motor Corp.                                                     | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     60000 | NS      | $1148437.18   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                                  | KB Financial Group, Inc.                                               | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     10000 | NS      | $634563.82    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                             | WH Group Ltd.                                                          | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   1100000 | NS      | $988778.01    | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Infineon Technologies AG                                  | Infineon Technologies AG                                               | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     20000 | NS      | $655354.05    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                            | Takeda Pharmaceutical Co. Ltd.                                         | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     35000 | NS      | $1070302.67   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Manulife Financial Corp.                                  | Manulife Financial Corp.                                               | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     35000 | NS      | $1072646.16   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                                 | Zurich Insurance Group AG                                              | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      2700 | NS      | $1904854.66   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                             | UniCredit SpA                                                          | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     20000 | NS      | $1156513.33   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                                | Siemens AG (Registered)                                                | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     11500 | NS      | $2636968.27   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccion y Servicios SA            | ACS Actividades de Construccion y Servicios SA                         | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |     22091 | NS      | $1384672.47   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                                | ORIX Corp.                                                             | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     50000 | NS      | $999488.06    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiersdorf AG                                             | Beiersdorf AG                                                          | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |      5000 | NS      | $702706.24    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp.                                 | Renesas Electronics Corp.                                              | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |     45000 | NS      | $530162.67    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                             | Rio Tinto plc                                                          | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     25500 | NS      | $1520400.41   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                                 | Safran SA                                                              | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      5000 | NS      | $1325727.69   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica plc                                              | Centrica plc                                                           | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    400000 | NS      | $854542.93    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                               | Equinor ASA                                                            | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     43000 | NS      | $982623.09    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                                    | Yara International ASA                                                 | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     20000 | NS      | $649913.09    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp.                                            | SoftBank Corp.                                                         | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |   1000000 | NS      | $1511873.80   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                                  | Volvo AB, Class B                                                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     45000 | NS      | $1237299.99   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                            | AIA Group Ltd.                                                         | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    130000 | NS      | $982162.69    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                          | TotalEnergies SE                                                       | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     40000 | NS      | $2268372.88   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                                     | Woolworths Group Ltd.                                                  | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |     40000 | NS      | $809058.02    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica SA                                             | Telefonica SA                                                          | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    200000 | NS      | $1031443.42   | 0.47%             |  |  |  | No            |                  2 | On Loan: —       |
| Nestle SA                                                 | Nestle SA (Registered)                                                 | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     20000 | NS      | $2128652.03   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                              | KBC Group NV                                                           | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |     10000 | NS      | $923149.63    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                               | BOC Hong Kong Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    225000 | NS      | $938351.56    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co. Ltd.                                              | BYD Co. Ltd., Class H                                                  | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     20000 | NS      | $964223.12    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson plc                                               | Pearson plc                                                            | CUSIP: N/A<br>LEI: 2138004JBXWWJKIURC57       | Long             | EC               | CORP              | GB        |     75000 | NS      | $1201355.22   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd.                                              | Fujitsu Ltd.                                                           | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |     48000 | NS      | $1060906.66   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                                   | Heidelberg Materials AG                                                | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      8000 | NS      | $1580462.58   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                              | National Australia Bank Ltd.                                           | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |     45000 | NS      | $1044310.50   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                              | CaixaBank SA                                                           | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    180000 | NS      | $1380571.07   | 0.63%             |  |  |  | No            |                  2 | On Loan: —       |
| Deutsche Telekom AG                                       | Deutsche Telekom AG (Registered)                                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     75000 | NS      | $2691214.92   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                               | Novartis AG (Registered)                                               | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     27000 | NS      | $3056619.11   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                         | Siemens Energy AG                                                      | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     20000 | NS      | $1534976.15   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings Ltd.                                 | Asahi Group Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |    125000 | NS      | $1726656.60   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                              | Capgemini SE                                                           | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |      3000 | NS      | $477254.43    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp.                                        | Suzuki Motor Corp.                                                     | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |     60000 | NS      | $718515.72    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                         | HSBC Holdings plc                                                      | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    160000 | NS      | $1776733.64   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co. Ltd.                               | Shin-Etsu Chemical Co. Ltd.                                            | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     30000 | NS      | $911417.76    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group plc                                         | NatWest Group plc                                                      | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    230000 | NS      | $1468171.18   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                               | Swiss Re AG                                                            | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |      7400 | NS      | $1324395.44   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                                | Ferrari NV                                                             | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      3400 | NS      | $1548354.61   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group plc                         | InterContinental Hotels Group plc                                      | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |     10000 | NS      | $1069966.18   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings plc                                  | Rolls-Royce Holdings plc                                               | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    100000 | NS      | $1007219.02   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp.                                 | Mitsubishi Electric Corp.                                              | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |     65000 | NS      | $1259497.43   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson Enterprises, Inc.                                | Ferguson Enterprises, Inc.                                             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      4000 | NS      | $672951.97    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce                                     | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     15000 | NS      | $946068.48    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Ltd.                                   | Singapore Exchange Ltd.                                                | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |    125000 | NS      | $1375753.92   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                              | Samsung Electronics Co. Ltd.                                           | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     20000 | NS      | $783768.54    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                                | Merck KGaA                                                             | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |      4000 | NS      | $552723.45    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                                 | United Overseas Bank Ltd.                                              | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     55000 | NS      | $1462696.48   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                                      | Henkel AG & Co. KGaA (Preference)                                      | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     12000 | NS      | $929565.26    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Nationwide Mutual Funds

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer