# EDGAR Filing Document

**Accession Number:** 0001033669
**File Stem:** 0001410368-25-029312
**Filing Date:** 2025-11
**Character Count:** 297310
**Document Hash:** e1ca83f24876689782a9b1548d1343bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029312.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029312

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAZARD RETIREMENT SERIES INC
- **CENTRAL INDEX KEY:** 0001033669

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08071
- **FILM NUMBER:** 251510763

**BUSINESS ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 212-632-6000

**MAIL ADDRESS:**
- **STREET 1:** 30 ROCKEFELLER PLAZA
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020

## Series and Classes Contracts Data

### Lazard Retirement Global Dynamic Multi-Asset Portfolio (Series ID: S000037000)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000113248 | Investor Shares |  |
| C000113249 | Service Shares  |  |

## Nport-Ex

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-08071

Lazard Retirement Series, Inc.<br> (Exact name of Registrant as specified in charter)

30 Rockefeller Plaza<br> New York, New York 10112<br> (Address of principal executive offices) (Zip code)

Mark R. Anderson, Esq.<br> Lazard Asset Management LLC

30 Rockefeller Plaza<br> New York, New York 10112<br> (Name and address of agent for service)

Registrant's telephone number, including area code: (212) 632-6000

Date of fiscal year end: 12/31

Date of reporting period: 9/30/2025

**Item 1: Schedule of Investments.** 

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio** | **Lazard Retirement Emerging Markets Equity Portfolio** | **Lazard Retirement Emerging Markets Equity Portfolio** |
| **Common Stocks \| 97.4%** |  |  |
| **Brazil \| 12.2%** |  |  |
| Arcos Dorados Holdings, Inc., Class A | 295510 | $1994692 |
| Banco do Brasil SA | 1449204 | 6014922 |
| BB Seguridade Participacoes SA | 969600 | 6059260 |
| Engie Brasil Energia SA | 357898 | 2736897 |
| Motiva Infraestrutura de Mobilidade SA | 1286150 | 3595831 |
| Petroleo Brasileiro SA - Petrobras ADR | 323927 | 4100916 |
| PRIO SA (\*) | 435600 | 3120753 |
| Rede D'Or Sao Luiz SA (#) | 521300 | 4121622 |
| Suzano SA | 283000 | 2653333 |
| Vale SA ADR | 405200 | 4400472 |
| Vibra Energia SA | 1154300 | 5333127 |
|  |  | 44131825 |
| **China \| 21.5%** |  |  |
| Alibaba Group Holding Ltd. | 275800 | 6182271 |
| Anhui Conch Cement Co. Ltd., Class H | 1275875 | 3859895 |
| China Construction Bank Corp., Class H | 9051038 | 8710268 |
| China Medical System Holdings Ltd. | 2081000 | 3741144 |
| China Merchants Bank Co. Ltd., Class H | 893237 | 5373783 |
| DaShenLin Pharmaceutical Group Co. Ltd., Class A | 1259400 | 2918613 |
| ENN Natural Gas Co. Ltd., Class A | 1363920 | 3444122 |
| Hengan International Group Co. Ltd. | 870527 | 2843965 |
| Huayu Automotive Systems Co. Ltd., Class A | 1042996 | 2998150 |
| Lenovo Group Ltd. | 3070000 | 4564580 |
| Midea Group Co. Ltd., Class A | 376100 | 3840593 |
| NetEase, Inc. | 139200 | 4232205 |
| Ping An Insurance Group Co. of China Ltd., Class H | 741500 | 5045825 |
| Sinopharm Group Co. Ltd., Class H | 2049197 | 4836621 |
| Tencent Holdings Ltd. | 47000 | 4004202 |
| Tingyi Cayman Islands Holding Corp. | 2644000 | 3549170 |
| Want Want China Holdings Ltd. | 4937000 | 3356152 |
| Weichai Power Co. Ltd., Class H | 2301958 | 4128835 |
|  |  | 77630394 |
| **Egypt \| 0.9%** |  |  |
| Commercial International Bank - Egypt (CIB) GDR | 1590552 | 3211669 |
| **Greece \| 2.3%** |  |  |
| National Bank of Greece SA | 369893 | 5387620 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| OPAP SA | 129131 | $3013578 |
|  |  | 8401198 |
| **Hong Kong \| 0.9%** |  |  |
| ASMPT Ltd. | 310388 | 3272691 |
| **Hungary \| 2.7%** |  |  |
| MOL Hungarian Oil & Gas PLC | 412106 | 3347744 |
| OTP Bank Nyrt | 72938 | 6317023 |
|  |  | 9664767 |
| **India \| 6.0%** |  |  |
| Axis Bank Ltd. | 209147 | 2666458 |
| Indus Towers Ltd. (\*) | 1481629 | 5723371 |
| Infosys Ltd. ADR | 323552 | 5264191 |
| Tata Consultancy Services Ltd. | 129497 | 4213390 |
| UPL Ltd. | 530421 | 3918338 |
|  |  | 21785748 |
| **Indonesia \| 4.2%** |  |  |
| Astra International Tbk. PT | 10602604 | 3678042 |
| Bank Mandiri Persero Tbk. PT | 12517960 | 3315285 |
| Telkom Indonesia Persero Tbk. PT ADR | 287993 | 5420028 |
| United Tractors Tbk. PT | 1612400 | 2595909 |
|  |  | 15009264 |
| **Mexico \| 7.9%** |  |  |
| America Movil SAB de CV ADR | 247654 | 5200734 |
| Cemex SAB de CV ADR | 292827 | 2632515 |
| Grupo Aeroportuario del Pacifico SAB de CV ADR | 19848 | 4707747 |
| Grupo Financiero Banorte SAB de CV, Class O | 643365 | 6480901 |
| Grupo Mexico SAB de CV Series B | 394972 | 3444722 |
| Kimberly-Clark de Mexico SAB de CV, Class A | 1594789 | 3373584 |
| Ternium SA ADR | 78328 | 2720331 |
|  |  | 28560534 |
| **Peru \| 0.9%** |  |  |
| Credicorp Ltd. | 12079 | 3216396 |
| **Philippines \| 0.9%** |  |  |
| International Container Terminal Services, Inc. | 392210 | 3177532 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio (continued)** | **Lazard Retirement Emerging Markets Equity Portfolio (continued)** | **Lazard Retirement Emerging Markets Equity Portfolio (continued)** |
| **Poland \| 0.1%** |  |  |
| InPost SA (\*) | 20212 | $248206 |
| **Russia \| 0.0%** |  |  |
| Mobile TeleSystems PJSC ADR (\*), (¢) | 545705 | 1 |
| Sberbank of Russia PJSC (\*), (¢) | 1580119 | 1 |
|  |  | 2 |
| **South Africa \| 6.8%** |  |  |
| Bidvest Group Ltd. | 263535 | 3233353 |
| Kumba Iron Ore Ltd. | 56227 | 1058014 |
| Life Healthcare Group Holdings Ltd. | 3483024 | 2344589 |
| Nedbank Group Ltd. | 338701 | 4183193 |
| Sanlam Ltd. | 863814 | 4181689 |
| Standard Bank Group Ltd. | 359071 | 4918137 |
| Vodacom Group Ltd. | 593085 | 4579311 |
|  |  | 24498286 |
| **South Korea \| 11.0%** |  |  |
| Coway Co. Ltd. | 51721 | 3623290 |
| Hyundai Mobis Co. Ltd. | 14657 | 3133530 |
| KB Financial Group, Inc. | 76488 | 6316962 |
| Kia Corp. | 57526 | 4135135 |
| KT Corp. | 92513 | 3331307 |
| KT&G Corp. | 28286 | 2692043 |
| Shinhan Financial Group Co. Ltd. | 130351 | 6555474 |
| SK Hynix, Inc. | 40343 | 10087074 |
|  |  | 39874815 |
| **Taiwan \| 14.5%** |  |  |
| ASE Technology Holding Co. Ltd. | 1230000 | 6672684 |
| Globalwafers Co. Ltd. | 281000 | 4343872 |
| MediaTek, Inc. | 134000 | 5808593 |
| Novatek Microelectronics Corp. | 239000 | 3348173 |
| Quanta Computer, Inc. | 600000 | 5726825 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 373989 | 16270150 |
| Wiwynn Corp. | 52000 | 5654107 |
| Yageo Corp. | 822972 | 4605397 |
|  |  | 52429801 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Thailand \| 1.5%** |  |  |
| Kasikornbank PCL | 619069 | $3201899 |
| PTT Exploration & Production PCL (‡) | 609900 | 2173845 |
|  |  | 5375744 |
| **Turkey \| 1.0%** |  |  |
| BIM Birlesik Magazalar AS | 281314 | 3661952 |
| **United Kingdom \| 0.9%** |  |  |
| Unilever PLC | 57783 | 3430136 |
| **United States \| 1.2%** |  |  |
| Schlumberger NV | 125715 | 4320825 |
| **Total Common Stocks** <br> (Cost $261,844,039) |  | 351901785 |
| Description | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Repurchase Agreements \| 2.6%** |  |  |
| Fixed Income Clearing Corp., <br> 4.19%, 10/01/25<br> (Dated 09/30/25, collateralized by $9,378,300 United States Treasury Note, 4.250%, 05/15/35, with a fair value of $9,618,638) Proceeds of $9,431,098 <br> (Cost $9,430,000) | $9430 | $9430000 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** | **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** | **Lazard Retirement Emerging Markets Equity Portfolio (concluded)** |
| **Short-Term Investments \| 0.1%** |  |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield)<br> (Cost $500,793) | 500793 | $500793 |
| **Total Investments \| 100.1%** <br> (Cost $271,774,832) |  | $**361832578** |
| **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **(191451)** |
| **Net Assets \| 100.0%** |  | $**361641127** |

---

---

| | |
|:---|:---|
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2025, these securities amounted to 1.1% of net assets of the Portfolio.* |
| *(¢)* | *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* |
| *(‡)* | *Security valued using Level 2 inputs, based on reference to a similar security which was trading on an active market, under US Generally Accepted Accounting Principles in the United States of America hierarchy.* |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio** |
| **Common Stocks \| 58.6%** |  |  |
| **Australia \| 0.7%** |  |  |
| Computershare Ltd. ADR | 8541 | $205155 |
| Northern Star Resources Ltd. | 9993 | 157601 |
| Perseus Mining Ltd. | 39341 | 128264 |
| Qantas Airways Ltd. | 69488 | 503859 |
| Ramelius Resources Ltd. | 110299 | 284748 |
| Regis Resources Ltd. | 29720 | 118800 |
|  |  | 1398427 |
| **Bermuda \| 0.5%** |  |  |
| Hamilton Insurance Group Ltd., Class B (\*) | 17533 | 434818 |
| RenaissanceRe Holdings Ltd. | 2805 | 712274 |
|  |  | 1147092 |
| **Canada \| 2.6%** |  |  |
| Agnico Eagle Mines Ltd. | 4012 | 675730 |
| Barrick Mining Corp. | 26504 | 870516 |
| Canadian Natural Resources Ltd. | 3636 | 116262 |
| CGI, Inc. | 1202 | 107063 |
| Empire Co. Ltd., Class A | 7677 | 275538 |
| Fairfax Financial Holdings Ltd. | 113 | 197695 |
| Fortuna Mining Corp. (\*) | 14864 | 133079 |
| Hydro One Ltd. (#) | 7443 | 265535 |
| Kinross Gold Corp. | 30932 | 767688 |
| Loblaw Cos. Ltd. | 17809 | 688840 |
| Lundin Gold, Inc. | 3873 | 250937 |
| Metro, Inc. | 3528 | 236949 |
| Quebecor, Inc., Class B | 5480 | 172547 |
| Suncor Energy, Inc. | 11907 | 498285 |
| Torex Gold Resources, Inc. (\*) | 3458 | 143717 |
|  |  | 5400381 |
| **China \| 0.3%** |  |  |
| BOC Hong Kong Holdings Ltd. | 127000 | 597029 |
| **Denmark \| 0.1%** |  |  |
| Carlsberg AS, Class B ADR | 6632 | 154327 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Finland \| 0.1%** |  |  |
| Kone OYJ ADR | 5806 | $197985 |
| **France \| 1.8%** |  |  |
| Airbus SE | 498 | 116415 |
| BNP Paribas SA | 11242 | 1024801 |
| Bureau Veritas SA ADR | 2372 | 148274 |
| EssilorLuxottica SA ADR | 1210 | 197230 |
| Gaztransport Et Technigaz SA | 1847 | 341566 |
| Legrand SA ADR | 6956 | 230313 |
| LVMH Moet Hennessy Louis Vuitton SE ADR | 1209 | 147873 |
| Orange SA | 30550 | 495608 |
| Pernod Ricard SA | 864 | 84953 |
| Pernod Ricard SA ADR | 3833 | 74973 |
| Societe Generale SA | 8705 | 579016 |
| Technip Energies NV | 2271 | 106903 |
| TotalEnergies SE | 3671 | 224008 |
|  |  | 3771933 |
| **Germany \| 0.2%** |  |  |
| Rheinmetall AG | 147 | 342195 |
| TUI AG (\*) | 22425 | 204270 |
|  |  | 546465 |
| **Hong Kong \| 0.7%** |  |  |
| AIA Group Ltd. ADR | 3760 | 144497 |
| CLP Holdings Ltd. | 37000 | 306670 |
| HKT Trust & HKT Ltd. | 108000 | 159877 |
| Sun Hung Kai Properties Ltd. | 11500 | 137931 |
| Techtronic Industries Co. Ltd. ADR | 4194 | 267766 |
| WH Group Ltd. (#) | 439500 | 477703 |
|  |  | 1494444 |
| **Ireland \| 0.2%** |  |  |
| Accenture PLC, Class A | 1437 | 354364 |
| AIB Group PLC | 16125 | 146338 |
|  |  | 500702 |
| **Israel \| 0.1%** |  |  |
| Bank Hapoalim BM | 5760 | 117113 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Wix.com Ltd. (\*) | 864 | $153472 |
|  |  | 270585 |
| **Italy \| 0.6%** |  |  |
| Intesa Sanpaolo SpA | 72838 | 481686 |
| Italgas SpA | 9339 | 85930 |
| Leonardo SpA | 2255 | 143246 |
| Lottomatica Group SpA | 3891 | 105150 |
| Telecom Italia SpA (\*) | 367127 | 192154 |
| UniCredit SpA | 2478 | 188139 |
|  |  | 1196305 |
| **Japan \| 4.4%** |  |  |
| Activia Properties, Inc. REIT | 125 | 113829 |
| Alps Alpine Co. Ltd. | 9800 | 124063 |
| ANA Holdings, Inc. | 8200 | 158697 |
| Asahi Kasei Corp. | 36500 | 286990 |
| Bandai Namco Holdings, Inc. | 2300 | 76452 |
| Central Japan Railway Co. | 9100 | 261241 |
| Chugoku Electric Power Co., Inc. | 18300 | 104417 |
| Daito Trust Construction Co. Ltd. | 3500 | 76767 |
| Daiwa House Industry Co. Ltd. | 7500 | 269619 |
| Denso Corp. | 8300 | 119525 |
| East Japan Railway Co. | 7900 | 193586 |
| Electric Power Development Co. Ltd. | 20800 | 390462 |
| FANUC Corp. ADR | 10891 | 155741 |
| Japan Airlines Co. Ltd. | 36500 | 737196 |
| Japan Post Holdings Co. Ltd. | 44000 | 436824 |
| KDDI Corp. | 12900 | 206704 |
| Kirin Holdings Co. Ltd. | 8800 | 129036 |
| Kuraray Co. Ltd. | 5400 | 62115 |
| Kyoto Financial Group, Inc. | 3600 | 76435 |
| Leopalace21 Corp. | 27000 | 130188 |
| MEIJI Holdings Co. Ltd. | 6700 | 138919 |
| Mitsubishi Chemical Group Corp. | 15200 | 87632 |
| Mitsubishi Electric Corp. | 24100 | 627406 |
| Mitsui Fudosan Co. Ltd. | 19600 | 214114 |
| Mizuho Financial Group, Inc. ADR | 54713 | 366577 |
| Mizuho Financial Group, Inc. | 6700 | 224249 |
| MS&AD Insurance Group Holdings, Inc. | 13400 | 304002 |
| Nagoya Railroad Co. Ltd. | 6400 | 76444 |
| NGK Insulators Ltd. | 18900 | 316464 |
| Nintendo Co. Ltd. ADR | 5210 | 111181 |
| NTT, Inc. | 443200 | 463448 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Orix JREIT, Inc. | 308 | $208672 |
| Resona Holdings, Inc. ADR | 10086 | 203737 |
| Sankyo Co. Ltd. | 3900 | 67741 |
| SHO-BOND Holdings Co. Ltd. | 2500 | 82167 |
| SoftBank Corp. | 281700 | 414332 |
| Sompo Holdings, Inc. | 5700 | 176043 |
| Sony Financial Group, Inc. (\*) | 3800 | 4214 |
| Sony Group Corp. | 3800 | 109042 |
| Terumo Corp. | 6700 | 110575 |
| Tokyo Electron Ltd. | 1100 | 198330 |
| Toyoda Gosei Co. Ltd. | 3100 | 77053 |
| Toyota Boshoku Corp. | 5800 | 96094 |
| Toyota Motor Corp. | 21000 | 401891 |
|  |  | 9190214 |
| **Monaco \| 0.1%** |  |  |
| Scorpio Tankers, Inc. | 4395 | 246340 |
| **Netherlands \| 0.9%** |  |  |
| Argenx SE ADR (\*) | 245 | 180702 |
| ASM International NV | 361 | 216961 |
| ASML Holding NV | 506 | 489853 |
| Koninklijke Ahold Delhaize NV | 7103 | 287360 |
| Koninklijke KPN NV | 28949 | 138998 |
| Wolters Kluwer NV | 1788 | 244076 |
| Wolters Kluwer NV ADR | 2257 | 309570 |
|  |  | 1867520 |
| **Norway \| 0.0%** |  |  |
| Orkla ASA | 7292 | 76302 |
| **Portugal \| 0.2%** |  |  |
| EDP SA | 75526 | 358738 |
| **Singapore \| 0.5%** |  |  |
| Jardine Cycle & Carriage Ltd. | 4200 | 93321 |
| Sea Ltd. ADR (\*) | 827 | 147810 |
| Singapore Technologies Engineering Ltd. | 15600 | 104274 |
| United Overseas Bank Ltd. | 7300 | 195836 |
| UOL Group Ltd. | 70600 | 427414 |
|  |  | 968655 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Spain \| 0.3%** |  |  |
| Acciona SA | 1001 | $201879 |
| Banco Santander SA | 10436 | 109070 |
| Industria de Diseno Textil SA ADR | 17315 | 239120 |
|  |  | 550069 |
| **Sweden \| 0.2%** |  |  |
| Assa Abloy AB ADR | 10073 | 174565 |
| Essity AB, Class B | 2720 | 71137 |
| Hexagon AB ADR | 18299 | 217575 |
|  |  | 463277 |
| **Switzerland \| 0.4%** |  |  |
| ABB Ltd. ADR | 6823 | 490915 |
| TE Connectivity PLC | 1508 | 331051 |
|  |  | 821966 |
| **United Kingdom \| 2.5%** |  |  |
| Admiral Group PLC | 1760 | 79574 |
| AstraZeneca PLC ADR | 3895 | 298825 |
| AstraZeneca PLC | 2010 | 307034 |
| Barclays PLC | 115686 | 593214 |
| Coca-Cola Europacific Partners PLC | 3256 | 294375 |
| Diageo PLC ADR | 2842 | 271212 |
| Global Ship Lease, Inc., Class A | 5085 | 156110 |
| HSBC Holdings PLC | 46412 | 655094 |
| International Consolidated Airlines Group SA | 59336 | 311211 |
| NatWest Group PLC | 62669 | 439879 |
| RELX PLC ADR | 8040 | 383990 |
| Rolls-Royce Holdings PLC | 19836 | 317570 |
| Standard Chartered PLC | 43627 | 845470 |
| Unilever PLC ADR | 5555 | 329301 |
|  |  | 5282859 |
| **United States \| 41.2%** |  |  |
| AdaptHealth Corp. (\*) | 17817 | 159462 |
| Adobe, Inc. (\*) | 2649 | 934435 |
| ADT, Inc. | 40720 | 354671 |
| AES Corp. | 11970 | 157525 |
| Airbnb, Inc., Class A (\*) | 1547 | 187837 |
| Akamai Technologies, Inc. (\*) | 1485 | 112504 |
| Allison Transmission Holdings, Inc. | 1163 | 98715 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Allstate Corp. | 553 | $118701 |
| Alphabet, Inc., Class A | 1803 | 438309 |
| Alphabet, Inc., Class C | 12146 | 2958158 |
| Altria Group, Inc. | 5328 | 351968 |
| Amazon.com, Inc. (\*) | 18569 | 4077195 |
| Amdocs Ltd. | 4859 | 398681 |
| American Electric Power Co., Inc. | 3305 | 371813 |
| American International Group, Inc. | 2126 | 166976 |
| Ameriprise Financial, Inc. | 610 | 299662 |
| AMETEK, Inc. | 1381 | 259628 |
| Amgen, Inc. | 412 | 116266 |
| Amphenol Corp., Class A | 3472 | 429660 |
| Antero Midstream Corp. | 9068 | 176282 |
| Aon PLC, Class A | 1091 | 389029 |
| Apple, Inc. | 15029 | 3826834 |
| Assurant, Inc. | 462 | 100069 |
| AT&T, Inc. | 3111 | 87855 |
| Atlassian Corp., Class A (\*) | 646 | 103166 |
| Atmos Energy Corp. | 1721 | 293861 |
| Autodesk, Inc. (\*) | 1759 | 558782 |
| Automatic Data Processing, Inc. | 271 | 79538 |
| Avery Dennison Corp. | 700 | 113519 |
| Axis Capital Holdings Ltd. | 2343 | 224459 |
| Bank of America Corp. | 5760 | 297158 |
| Bank of New York Mellon Corp. | 2468 | 268913 |
| Becton Dickinson & Co. | 2275 | 425812 |
| Biogen, Inc. (\*) | 1351 | 189248 |
| BJ's Wholesale Club Holdings, Inc. (\*) | 2353 | 219417 |
| Booking Holdings, Inc. | 118 | 637114 |
| Booz Allen Hamilton Holding Corp. | 4117 | 411494 |
| Brinker International, Inc. (\*) | 875 | 110845 |
| Bristol-Myers Squibb Co. | 5543 | 249989 |
| Broadcom, Inc. | 4460 | 1471399 |
| Cal-Maine Foods, Inc. | 863 | 81208 |
| Cardinal Health, Inc. | 2913 | 457224 |
| Carnival PLC ADR (\*) | 4662 | 123263 |
| Centene Corp. (\*) | 2557 | 91234 |
| Central Garden & Pet Co., Class A (\*) | 2572 | 75951 |
| CF Industries Holdings, Inc. | 1454 | 130424 |
| Charles Schwab Corp. | 5023 | 479546 |
| Chubb Ltd. | 310 | 87497 |
| Cigna Group | 619 | 178427 |
| Cirrus Logic, Inc. (\*) | 2677 | 335401 |
| Cisco Systems, Inc. | 1942 | 132872 |
| Citigroup, Inc. | 1559 | 158238 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Clear Secure, Inc., Class A | 5288 | $176513 |
| CME Group, Inc. | 1321 | 356921 |
| Coca-Cola Co. | 5839 | 387242 |
| Cognizant Technology Solutions Corp., Class A | 1850 | 124079 |
| Colgate-Palmolive Co. | 4693 | 375158 |
| Columbia Banking System, Inc. | 3517 | 90528 |
| Comfort Systems USA, Inc. | 870 | 717907 |
| Conagra Brands, Inc. | 8995 | 164698 |
| Consolidated Edison, Inc. | 784 | 78808 |
| Corpay, Inc. (\*) | 390 | 112343 |
| Corteva, Inc. | 1846 | 124845 |
| Costco Wholesale Corp. | 505 | 467443 |
| Coterra Energy, Inc. | 3089 | 73055 |
| Coursera, Inc. (\*) | 12465 | 145965 |
| CRH PLC | 1294 | 155151 |
| Curtiss-Wright Corp. | 947 | 514164 |
| Danaher Corp. | 1330 | 263686 |
| Darden Restaurants, Inc. | 905 | 172276 |
| Deckers Outdoor Corp. (\*) | 687 | 69641 |
| DHT Holdings, Inc. | 16574 | 198059 |
| Docusign, Inc. (\*) | 1608 | 115921 |
| Dollar General Corp. | 684 | 70691 |
| DTE Energy Co. | 596 | 84292 |
| eBay, Inc. | 1192 | 108412 |
| Electronic Arts, Inc. | 1149 | 231753 |
| Eli Lilly & Co. | 980 | 747740 |
| EMCOR Group, Inc. | 219 | 142249 |
| Encompass Health Corp. | 1334 | 169445 |
| Entergy Corp. | 3129 | 291592 |
| Equifax, Inc. | 836 | 214459 |
| Equitable Holdings, Inc. | 4690 | 238158 |
| Euronet Worldwide, Inc. (\*) | 1009 | 88600 |
| Everest Group Ltd. | 341 | 119428 |
| EverQuote, Inc., Class A (\*) | 5050 | 115493 |
| Exelixis, Inc. (\*) | 2009 | 82972 |
| Exelon Corp. | 2462 | 110815 |
| Exxon Mobil Corp. | 1324 | 149281 |
| F5, Inc. (\*) | 1184 | 382657 |
| Fidelity National Information Services, Inc. | 1769 | 116648 |
| FirstEnergy Corp. | 1953 | 89486 |
| Fiserv, Inc. (\*) | 3388 | 436815 |
| Flex Ltd. (\*) | 1627 | 94317 |
| Fox Corp., Class A | 4758 | 300039 |
| Garmin Ltd. | 2529 | 622690 |
| GE Vernova, Inc. | 223 | 137123 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| General Dynamics Corp. | 4531 | $1545071 |
| General Mills, Inc. | 3747 | 188924 |
| General Motors Co. | 1739 | 106027 |
| Genpact Ltd. | 2772 | 116119 |
| Gilead Sciences, Inc. | 4182 | 464202 |
| Global Payments, Inc. | 8366 | 695047 |
| Goldman Sachs Group, Inc. | 593 | 472236 |
| GSK PLC | 16751 | 360152 |
| H&R Block, Inc. | 2643 | 133657 |
| Hartford Insurance Group, Inc. | 5021 | 669751 |
| HCA Healthcare, Inc. | 645 | 274899 |
| HealthEquity, Inc. (\*) | 1687 | 159877 |
| Hess Midstream LP, Class A | 6670 | 230449 |
| Hewlett Packard Enterprise Co. | 3704 | 90970 |
| Horace Mann Educators Corp. | 3735 | 168710 |
| Illinois Tool Works, Inc. | 1970 | 513697 |
| Ingredion, Inc. | 1771 | 216257 |
| Intercontinental Exchange, Inc. | 2247 | 378575 |
| Intuit, Inc. | 1509 | 1030511 |
| Invitation Homes, Inc. REIT | 2406 | 70568 |
| IQVIA Holdings, Inc. (\*) | 1376 | 261357 |
| Jackson Financial, Inc., Class A | 1669 | 168953 |
| Johnson & Johnson | 4262 | 790260 |
| Kimberly-Clark Corp. | 4164 | 517752 |
| KLA Corp. | 321 | 346231 |
| Kroger Co. | 3361 | 226565 |
| Laureate Education, Inc. (\*) | 3414 | 107678 |
| Lennox International, Inc. | 164 | 86815 |
| Lockheed Martin Corp. | 1276 | 636992 |
| Maplebear, Inc. (\*) | 3992 | 146746 |
| MasTec, Inc. (\*) | 1113 | 236858 |
| Mastercard, Inc., Class A | 1243 | 707031 |
| Mattel, Inc. (\*) | 7151 | 120351 |
| McDonald's Corp. | 895 | 271982 |
| McGrath RentCorp | 1702 | 199645 |
| McKesson Corp. | 153 | 118199 |
| MDA Space Ltd. (\*) | 4530 | 112819 |
| Merck & Co., Inc. | 20010 | 1679439 |
| Meta Platforms, Inc., Class A | 2669 | 1960060 |
| Micron Technology, Inc. | 4391 | 734702 |
| Microsoft Corp. | 8624 | 4466801 |
| Morgan Stanley | 766 | 121763 |
| Morningstar, Inc. | 924 | 214377 |
| Motorola Solutions, Inc. | 565 | 258369 |
| Nasdaq, Inc. | 10738 | 949776 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| NetApp, Inc. | 1387 | $164304 |
| Netflix, Inc. (\*) | 1022 | 1225296 |
| NETGEAR, Inc. (\*) | 7277 | 235702 |
| NetScout Systems, Inc. (\*) | 4486 | 115873 |
| Neurocrine Biosciences, Inc. (\*) | 562 | 78894 |
| NewMarket Corp. | 143 | 118434 |
| NIKE, Inc., Class B | 2962 | 206540 |
| NMI Holdings, Inc. (\*) | 1598 | 61267 |
| Northrop Grumman Corp. | 344 | 209606 |
| Novartis AG | 15192 | 1953547 |
| Nutanix, Inc., Class A (\*) | 1481 | 110172 |
| NVIDIA Corp. | 27656 | 5160056 |
| Omega Healthcare Investors, Inc. | 6239 | 263411 |
| Oracle Corp. | 1896 | 533231 |
| Oxford Industries, Inc. | 1503 | 60932 |
| Palantir Technologies, Inc., Class A (\*) | 1855 | 338389 |
| PayPal Holdings, Inc. (\*) | 4373 | 293253 |
| PepsiCo, Inc. | 6174 | 867077 |
| Pfizer, Inc. | 17620 | 448958 |
| PG&E Corp. | 6771 | 102107 |
| Philip Morris International, Inc. | 6168 | 1000450 |
| Pinnacle West Capital Corp. | 2171 | 194652 |
| Pinterest, Inc., Class A (\*) | 7721 | 248385 |
| PJT Partners, Inc., Class A | 372 | 66116 |
| Plexus Corp. (\*) | 1021 | 147728 |
| Portland General Electric Co. | 16787 | 738628 |
| Primoris Services Corp. | 3909 | 536823 |
| Procter & Gamble Co. | 2239 | 344022 |
| PTC, Inc. (\*) | 1449 | 294176 |
| Qorvo, Inc. (\*) | 2074 | 188900 |
| QUALCOMM, Inc. | 4029 | 670264 |
| Regeneron Pharmaceuticals, Inc. | 134 | 75344 |
| Republic Services, Inc. | 285 | 65402 |
| Roche Holding AG | 1742 | 573347 |
| Royal Caribbean Cruises Ltd. | 408 | 132021 |
| Royalty Pharma PLC, Class A | 3892 | 137310 |
| S&P Global, Inc. | 818 | 398129 |
| Salesforce, Inc. | 1395 | 330615 |
| SBA Communications Corp. REIT | 1503 | 290605 |
| Seneca Foods Corp., Class A (\*) | 854 | 92181 |
| ServiceNow, Inc. (\*) | 390 | 358909 |
| Sila Realty Trust, Inc. REIT | 3735 | 93748 |
| Simon Property Group, Inc. REIT | 1685 | 316224 |
| SITE Centers Corp. REIT | 19681 | 177326 |
| Skyworks Solutions, Inc. | 1466 | 112853 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| Stride, Inc. (\*) | 621 | $92492 |
| Synchrony Financial | 1358 | 96486 |
| Targa Resources Corp. | 824 | 138053 |
| Target Corp. | 2110 | 189267 |
| Tenet Healthcare Corp. (\*) | 1214 | 246491 |
| Tesla, Inc. (\*) | 2109 | 937914 |
| Texas Instruments, Inc. | 1538 | 282577 |
| Thermo Fisher Scientific, Inc. | 596 | 289072 |
| TJX Cos., Inc. | 5188 | 749874 |
| Toro Co. | 1248 | 95098 |
| Trane Technologies PLC | 234 | 98739 |
| TreeHouse Foods, Inc. (\*) | 4415 | 89227 |
| Uber Technologies, Inc. (\*) | 2110 | 206717 |
| United Rentals, Inc. | 296 | 282579 |
| United Therapeutics Corp. (\*) | 152 | 63720 |
| Universal Corp. | 1810 | 101125 |
| Universal Health Services, Inc., Class B | 2926 | 598191 |
| Unum Group | 1397 | 108659 |
| Urban Outfitters, Inc. (\*) | 1106 | 79002 |
| Veeva Systems, Inc., Class A (\*) | 385 | 114695 |
| VeriSign, Inc. | 269 | 75204 |
| Verizon Communications, Inc. | 8478 | 372608 |
| Visa, Inc., A Shares | 1376 | 469739 |
| Vontier Corp. | 1799 | 75504 |
| Walt Disney Co. | 10225 | 1170763 |
| Western Union Co. | 12621 | 100842 |
| Xcel Energy, Inc. | 11184 | 901990 |
| Zoetis, Inc. | 2561 | 374726 |
|  |  | 86447573 |
| **Total Common Stocks**<br>(Cost $91,171,369) |  | 122949188 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Corporate Bonds \| 10.7%** |  |  |  |
| **Australia \| 0.3%** |  |  |  |
| Telstra Group Ltd., <br> 4.000%, 04/19/27 (\*\*) | AUD | $1000 | $662090 |
| **Canada \| 0.4%** |  |  |  |
| Canadian Imperial Bank of Commerce, <br> 3.800% (1 day CAD Overnight Index+1.100%), 12/10/30 (§) | CAD | 530 | 387067 |
| Toronto-Dominion Bank, <br> 5.141%, 09/13/28 (\*\*) | USD | 485 | 501747 |
|  |  |  | 888814 |
| **Denmark \| 0.5%** |  |  |  |
| Nykredit Realkredit AS, <br> 1.000%, 01/01/27 | DKK | 6475 | 1006613 |
| **Germany \| 0.5%** |  |  |  |
| Commerzbank AG, <br> 3.375%, 12/12/25 (\*\*) | EUR | 305 | 359102 |
| Mercedes-Benz Group AG, <br> 0.750%, 09/10/30 (\*\*) | EUR | 585 | 619027 |
|  |  |  | 978129 |
| **Norway \| 0.5%** |  |  |  |
| DNB Boligkreditt AS, <br> 4.750% (3 Month NOK NIBOR+0.450%), 02/08/28 (§) | NOK | 10000 | 1006909 |
| **Singapore \| 0.2%** |  |  |  |
| Temasek Financial I Ltd., <br> 2.750%, 08/28/34 (\*\*) | CNY | 3080 | 447822 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Sweden \| 0.1%** |  |  |  |
| Swedbank Hypotek AB, <br> 3.000%, 03/28/29 (\*\*) | SEK | $2100 | $226888 |
| **Switzerland \| 0.4%** |  |  |  |
| ABB Finance USA, Inc., <br> 4.375%, 05/08/42 | USD | 350 | 314493 |
| Pfandbriefzentrale der schweizerischen Kantonalbanken AG, <br> Series 405, 2.000%, 10/30/25 (\*\*) | CHF | 115 | 144673 |
| UBS Group AG, <br> 4.750% (1-Year EURIBOR ICE Swap+1.600%), 03/17/32 (\*\*), (§) | EUR | 290 | 365594 |
|  |  |  | 824760 |
| **United Kingdom \| 0.8%** |  |  |  |
| Ashtead Capital, Inc., <br> 4.250%, 11/01/29 (\*\*) | USD | 1295 | 1277181 |
| Tesco Corporate Treasury Services PLC, <br> 2.750%, 04/27/30 (\*\*) | GBP | 345 | 424068 |
|  |  |  | 1701249 |
| **United States \| 7.0%** |  |  |  |
| Adobe, Inc.: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.300%, 02/01/30 | USD | 490 | 456048 |
| &nbsp;&nbsp;&nbsp;4.950%, 04/04/34 | USD | 298 | 308139 |
| American Express Co., <br> 5.442% (SOFR+1.320%), 01/30/36 (§) | USD | 325 | 338024 |
| Amgen, Inc., <br> 3.000%, 02/22/29 | USD | 715 | 688433 |
| Apple, Inc., <br> 1.650%, 02/08/31 | USD | 385 | 341122 |
| AT&T, Inc., <br> 5.550%, 11/01/45 | USD | 845 | 836600 |
| Bank of America Corp., <br> 1.978% (CDOR 3 Month+0.600%), 09/15/27 (§) | CAD | 240 | 170947 |
| Clean Harbors, Inc., <br> 4.875%, 07/15/27 (\*\*) | USD | 340 | 339715 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| Comcast Corp., <br> 4.650%, 02/15/33 | USD | $655 | $657904 |
| Dell International LLC/EMC Corp., <br> 5.300%, 10/01/29 | USD | 297 | 306684 |
| Eaton Corp., <br> 4.150%, 11/02/42 | USD | 455 | 402092 |
| Goldman Sachs Group, Inc., <br> 0.750%, 03/23/32 (\*\*) | EUR | 830 | 837090 |
| Home Depot, Inc., <br> 5.875%, 12/16/36 | USD | 405 | 441029 |
| John Deere Financial, Inc., <br> 4.380%, 07/11/28 | CAD | 905 | 673330 |
| Johnson Controls International PLC/Tyco Fire & Security Finance SCA, <br> 1.750%, 09/15/30 | USD | 615 | 545158 |
| JPMorgan Chase & Co., <br> 3.540% (SOFR+1.642%), 05/01/28 (§) | USD | 425 | 421286 |
| Kimberly-Clark Corp., <br> 3.200%, 04/25/29 | USD | 88 | 85791 |
| Lowe's Cos., Inc., <br> 4.850%, 10/15/35 | USD | 450 | 446277 |
| McDonald's Corp., <br> 4.857%, 05/21/31 | CAD | 445 | 340143 |
| Microsoft Corp., <br> 3.500%, 11/15/42 | USD | 995 | 822405 |
| Morgan Stanley, <br> 3.625%, 01/20/27 | USD | 170 | 169400 |
| Oracle Corp., <br> 5.250%, 02/03/32 | USD | 490 | 505164 |
| PepsiCo, Inc., <br> 2.875%, 10/15/49 | USD | 355 | 238239 |
| Procter & Gamble Co.: <br> 1.200%, 10/29/30 | USD | 60 | 52510 |
| &nbsp;&nbsp;&nbsp;4.550%, 01/29/34 | USD | 193 | 195861 |
| Prologis Euro Finance LLC, <br> 0.500%, 02/16/32 | EUR | 760 | 753516 |
| Prologis LP, <br> 3.250%, 09/11/29 (\*\*) | CNY | 2940 | 420239 |
| Starbucks Corp., <br> 4.450%, 08/15/49 | USD | 440 | 370595 |
| Stryker Corp., <br> 4.250%, 09/11/29 | USD | 395 | 396031 |
| Sysco Corp., <br> 2.400%, 02/15/30 | USD | 485 | 448715 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| Toyota Motor Credit Corp., <br> 4.650%, 09/03/32 | USD | $430 | $432929 |
| United Rentals North America, Inc., <br> 4.875%, 01/15/28 | USD | 655 | 653000 |
| Verizon Communications, Inc., <br> 3.875%, 02/08/29 | USD | 194 | 192603 |
| Waste Management, Inc., <br> 4.800%, 03/15/32 | USD | 327 | 334121 |
|  |  |  | 14621140 |
| **Total Corporate Bonds**<br> (Cost $21,679,970) |  |  | 22364414 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Exchange-Traded Funds \| 4.2%** |  |  |
| iShares MSCI World ETF <br> (Cost $8,050,354) | 48035 | $8721235 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Foreign Government Obligations \| 16.5%** | **Foreign Government Obligations \| 16.5%** | **Foreign Government Obligations \| 16.5%** |  |
| **Australia \| 0.5%** |  |  |  |
| New South Wales Treasury Corp., <br> 1.250%, 11/20/30 | AUD | $700 | $403360 |
| Queensland Treasury Corp.: <br> 1.250%, 03/10/31 (\*\*) | AUD | 785 | 445592 |
| &nbsp;&nbsp;&nbsp;4.750%, 02/02/34 (\*\*) | AUD | 255 | 169693 |
|  |  |  | 1018645 |
| **Bermuda \| 1.1%** |  |  |  |
| Bermuda Government International Bonds: <br> 3.717%, 01/25/27 (\*\*) | USD | 1080 | 1069740 |
| &nbsp;&nbsp;&nbsp;2.375%, 08/20/30 (#) | USD | 1360 | 1233860 |
|  |  |  | 2303600 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Canada \| 0.8%** |  |  |  |
| British Columbia, <br> 3.200%, 06/18/44 | CAD | $1020 | $620560 |
| Quebec, <br> 1.850%, 02/13/27 | CAD | 950 | 676714 |
| Vancouver, <br> 2.900%, 11/20/25 | CAD | 380 | 273168 |
|  |  |  | 1570442 |
| **Chile \| 0.6%** |  |  |  |
| Bonos de la Tesoreria de la Republica en pesos, <br> 5.000%, 10/01/28 (\*\*) | CLP | 320000 | 323826 |
| Chile Government International Bonds, <br> 0.830%, 07/02/31 | EUR | 1000 | 1026930 |
|  |  |  | 1350756 |
| **Colombia \| 0.4%** |  |  |  |
| Colombia Government International Bonds:<br> 9.850%, 06/28/27 | COP | 1777000 | 446238 |
| &nbsp;&nbsp;&nbsp;8.000%, 04/20/33 | USD | 400 | 436000 |
|  |  |  | 882238 |
| **Costa Rica \| 0.4%** |  |  |  |
| Costa Rica Government International Bonds,<br> 6.125%, 02/19/31 (\*\*) | USD | 810 | 844020 |
| **Croatia \| 0.3%** |  |  |  |
| Croatia Government International Bonds,<br> 1.750%, 03/04/41 (\*\*) | EUR | 590 | 532575 |
| **Czech Republic \| 0.4%** |  |  |  |
| Czech Republic Government Bonds:<br> 3.360% (PRIBOR 6 Month-0.100%),<br> 11/19/27 (\*\*), (§) | CZK | 10130 | 486112 |
| &nbsp;&nbsp;&nbsp;5.000%, 09/30/30 | CZK | 7310 | 366817 |
|  |  |  | 852929 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security<br> Currency | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Denmark \| 0.2%** |  |  |  |
| Denmark Government Bonds, <br> 0.000%, 11/15/31 | DKK | $3710 | $511235 |
| **Estonia \| 0.0%** |  |  |  |
| Estonia Government International Bonds, <br> 3.250%, 01/17/34 (\*\*) | EUR | 70 | 82386 |
| **France \| 0.3%** |  |  |  |
| French Republic Government Bonds OAT, <br> 1.750%, 06/25/39 (\*\*) | EUR | 740 | 680718 |
| **Hungary \| 0.4%** |  |  |  |
| Hungary Government Bonds, <br> 3.250%, 10/22/31 | HUF | 163630 | 415345 |
| Hungary Government International Bonds, <br> 1.750%, 06/05/35 (\*\*) | EUR | 471 | 448769 |
|  |  |  | 864114 |
| **Ireland \| 0.5%** |  |  |  |
| Ireland Government Bonds, <br> 1.350%, 03/18/31 (\*\*) | EUR | 1015 | 1123807 |
| **Israel \| 0.4%** |  |  |  |
| Israel Government Bonds - Fixed, <br> 2.000%, 03/31/27 | ILS | 2650 | 785854 |
| **Italy \| 0.8%** |  |  |  |
| Italy Buoni Poliennali Del Tesoro: <br> 4.000%, 04/30/35 (\*\*) | EUR | 685 | 845670 |
| &nbsp;&nbsp;&nbsp;3.650%, 08/01/35 (\*\*) | EUR | 685 | 814390 |
|  |  |  | 1660060 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Japan \| 1.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Japan Government Forty Year Bonds,<br> 1.400%, 03/20/55 | JPY | $316450 | $1454234 |
| Japan Government Twenty Year Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.500%, 12/20/40 | JPY | 71500 | 375357 |
| &nbsp;&nbsp;&nbsp;2.000%, 12/20/44 | JPY | 99150 | 614330 |
| &nbsp;&nbsp;&nbsp;Japan Government Two Year Bonds,<br> 0.100%, 01/01/26 | JPY | 203050 | 1371640 |
|  |  |  | 3815561 |
| **Mexico \| 0.9%** |  |  |  |
| Mexico Bonos: |  |  |  |
| &nbsp;&nbsp;&nbsp;8.500%, 05/31/29 | MXN | 20380 | 1127430 |
| &nbsp;&nbsp;&nbsp;8.000%, 02/21/36 | MXN | 7500 | 386215 |
| &nbsp;&nbsp;&nbsp;Mexico Government International Bonds,<br> 6.750%, 09/27/34 | USD | 320 | 349680 |
|  |  |  | 1863325 |
| **New Zealand \| 0.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Housing New Zealand Ltd.,<br> 3.420%, 10/18/28 (\*\*) | NZD | 590 | 343647 |
| New Zealand Local Government Funding Agency Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.500%, 04/20/29 (\*\*) | NZD | 1550 | 843194 |
| &nbsp;&nbsp;&nbsp;2.000%, 04/15/37 (\*\*) | NZD | 1135 | 493716 |
|  |  |  | 1680557 |
| **Norway \| 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Norway Government Bonds,<br> 3.750%, 06/12/35 (\*\*) | NOK | 4290 | 419690 |
| **Panama \| 0.5%** |  |  |  |
| Panama Government International Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;8.875%, 09/30/27 | USD | 395 | 428377 |
| &nbsp;&nbsp;&nbsp;3.875%, 03/17/28 | USD | 685 | 674040 |
|  |  |  | 1102417 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Peru \| 0.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Peru Government Bonds,<br> 5.400%, 08/12/34 | PEN | $3820 | $1064389 |
| &nbsp;&nbsp;&nbsp;Peruvian Government International Bonds,<br> 3.000%, 01/15/34 | USD | 680 | 589900 |
|  |  |  | 1654289 |
| **Poland \| 0.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Poland Government Bonds,<br> 5.010% (WIBOR 6 Month), 05/25/28 (§) | PLN | 1960 | 534978 |
| **Portugal \| 0.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Portugal Obrigacoes do Tesouro OT,<br> 1.650%, 07/16/32 (\*\*) | EUR | 1320 | 1447454 |
| **Romania \| 0.5%** |  |  |  |
| Romania Government Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;7.200%, 10/28/26 | RON | 3230 | 748171 |
| &nbsp;&nbsp;&nbsp;4.750%, 10/11/34 | RON | 1960 | 378095 |
|  |  |  | 1126266 |
| **Singapore \| 0.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Singapore Government Bonds,<br> 3.375%, 09/01/33 | SGD | 860 | 740696 |
| **Slovenia \| 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Slovenia Government Bonds,<br> 1.500%, 03/25/35 (\*\*) | EUR | 450 | 461114 |
| **Spain \| 0.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Spain Government Bonds,<br> 1.000%, 07/30/42 (\*\*) | EUR | 1520 | 1178536 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **Thailand \| 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Thailand Government Bonds,<br> 1.585%, 12/17/35 | THB | $12120 | $378757 |
| **United Arab Emirates \| 0.2%** |  |  |  |
| Abu Dhabi Government International Bonds,<br>5.000%, 04/30/34 (\*\*) | USD | 400 | 424050 |
| **United Kingdom \| 1.3%** |  |  |  |
| U.K. Gilts: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.875%, 07/31/33 (\*\*) | GBP | 1110 | 1138367 |
| &nbsp;&nbsp;&nbsp;4.500%, 03/07/35 (\*\*) | GBP | 315 | 417043 |
| &nbsp;&nbsp;&nbsp;1.250%, 10/22/41 (\*\*) | GBP | 870 | 674123 |
| &nbsp;&nbsp;&nbsp;4.375%, 07/31/54 (\*\*) | GBP | 355 | 399454 |
|  |  |  | 2628987 |
| **Total Foreign Government Obligations**<br> (Cost $33,120,258) |  |  | 34520056 |
| **Quasi Government Bonds \| 0.8%** |  |  |  |
| **Germany \| 0.8%** |  |  |  |
| Kreditanstalt fuer Wiederaufbau: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 09/15/28 (\*\*) | EUR | 480 | 527821 |
| &nbsp;&nbsp;&nbsp;1.750%, 09/14/29 | USD | 835 | 775524 |
| &nbsp;&nbsp;&nbsp;0.000%, 04/18/36 | USD | 690 | 440980 |
| **Total Quasi Government Bonds**<br> (Cost $1,707,498) |  |  | 1744325 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Supranational Bonds \| 3.8%** | **Supranational Bonds \| 3.8%** | **Supranational Bonds \| 3.8%** |  |
| Asian Development Bank: |  |  |  |
| &nbsp;&nbsp;&nbsp;6.200%, 10/06/26 | INR | $37060 | $416475 |
| &nbsp;&nbsp;&nbsp;2.950%, 06/05/29 | EUR | 305 | 364762 |
| European Bank for Reconstruction & Development: |  |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 05/28/27 | TRY | 14800 | 215574 |
| &nbsp;&nbsp;&nbsp;28.000%, 09/27/27 | TRY | 17060 | 380130 |
| &nbsp;&nbsp;&nbsp;4.250%, 02/07/28 | IDR | 9380000 | 552710 |
| &nbsp;&nbsp;&nbsp;European Investment Bank,<br> 1.000%, 01/28/28 (\*\*) | CAD | 1170 | 810307 |
| European Union: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.750%, 02/04/33 (\*\*) | EUR | 355 | 414785 |
| &nbsp;&nbsp;&nbsp;0.400%, 02/04/37 (\*\*) | EUR | 640 | 551604 |
| Inter-American Development Bank: |  |  |  |
| &nbsp;&nbsp;&nbsp;5.100%, 11/17/26 | IDR | 8640000 | 516301 |
| &nbsp;&nbsp;&nbsp;4.375%, 07/17/34 | USD | 385 | 391924 |
| &nbsp;&nbsp;&nbsp;Inter-American Investment Corp.,<br> 1.100%, 06/30/26 | AUD | 662 | 428452 |
| International Bank for Reconstruction & Development: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.900%, 11/26/25 | AUD | 193 | 127526 |
| &nbsp;&nbsp;&nbsp;1.250%, 03/16/26 | NOK | 7700 | 761438 |
| &nbsp;&nbsp;&nbsp;1.125%, 09/13/28 | USD | 448 | 416286 |
| &nbsp;&nbsp;&nbsp;9.500%, 02/09/29 | BRL | 5845 | 1026286 |
| International Finance Corp.: |  |  |  |
| &nbsp;&nbsp;&nbsp;2.125%, 04/07/26 | USD | 155 | 153532 |
| &nbsp;&nbsp;&nbsp;1.500%, 04/15/35 | AUD | 1046 | 515027 |
| **Total Supranational Bonds**<br> (Cost $8,291,621) |  |  | 8043119 |
| **U.S. Municipal Bonds \| 0.7%** |  |  |  |
| **United States \| 0.7%** |  |  |  |
| California: |  |  |  |
| &nbsp;&nbsp;&nbsp;7.550%, 04/01/39 | USD | 560 | 683265 |
| &nbsp;&nbsp;&nbsp;5.875%, 10/01/41 | USD | 735 | 766408 |
| **Total U.S. Municipal Bonds**<br> (Cost $1,536,283) |  |  | 1449673 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Security <br> Currency | Principal <br> Amount <br> (000) | Fair <br> Value |
| **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** | **Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)** |
| **U.S. Treasury Securities \| 3.7%** |  |  |  |
| U.S. Treasury Bonds: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.750%, 08/15/41 | USD | $3251 | $2205854 |
| &nbsp;&nbsp;&nbsp;4.750%, 02/15/45 | USD | 420 | 422625 |
| &nbsp;&nbsp;&nbsp;3.625%, 02/15/53 | USD | 1562 | 1291396 |
| U.S. Treasury Inflation-Indexed Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp;1.250%, 04/15/28 (††) | USD | 398 | 399993 |
| &nbsp;&nbsp;&nbsp;2.125%, 01/15/35 (††) | USD | 353 | 363537 |
| U.S. Treasury Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp;4.125%, 11/15/32 | USD | 2375 | 2402646 |
| &nbsp;&nbsp;&nbsp;4.375%, 05/15/34 | USD | 630 | 644569 |
| **Total U.S. Treasury Securities**<br> (Cost $7,498,807) |  |  | 7730620 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | <br> Fair <br> Value |
| **Warrants \| 0.0%** |  |  |
| **Canada \| 0.0%** |  |  |
| Constellation Software, Inc.,<br> Expires 03/31/40i (\*), (¢)<br> (Cost $0) | 431 | $0 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Short-Term Investments \| 0.6%** |  |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield)<br> (Cost $1,337,356) | 1337356 | $1337356 |
| **Total Investments \| 99.6%**<br> (Cost $174,393,516) (») |  | $**208859986** |
| **Cash and Other Assets in Excess of Liabilities\| 0.4%** |  | **810575** |
| **Net Assets \| 100.0%** |  | $**209670561** |

---

---

| | |
|:---|:---|
| (\*) | Non-income producing security. |
| (#) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2025, these securities amounted to 0.9% of net assets of the Portfolio. |
| (\*\*) | Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. September 30, 2025, these securities amounted to 11.9% of net assets of the Portfolio. |
| (§) | Variable and floating rate securities are securities for which interest rate changes are based on changes in a designated base rate. The rates shown are those in effect on September 30, 2025. |
| (††) | A note or bond that offers protection from inflation by paying a fixed rate of interest on the principal amount that is adjusted for inflation, in the applicable region, based on the Consumer Price Index or other equivalent regional benchmarks for measuring inflation. |
| (¢) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (») | The Portfolio, at all times, maintains portfolio securities in sufficient amount to cover its obligations related to investments in forward currency contracts. |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)**

**Forward Currency Contracts open at September 30, 2025:**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counter-<br> party | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| AUD | 375629 | USD | 247456 | JPM | 10/16/25 | $1149 | $— |
| AUD | 665766 | USD | 431500 | JPM | 10/16/25 | 9128 |  |
| AUD | 322075 | USD | 212877 | MSC | 10/16/25 | 284 |  |
| AUD | 520000 | USD | 343269 | SSB | 12/29/25 | 1159 |  |
| CAD | 718464 | USD | 520825 | JPM | 10/16/25 |  | 4204 |
| CAD | 535634 | USD | 384286 | JPM | 10/16/25 | 868 |  |
| CHF | 139784 | USD | 177397 | HSB | 10/16/25 |  | 1502 |
| CHF | 66296 | USD | 84095 | HSB | 10/16/25 |  | 673 |
| CHF | 168286 | USD | 211994 | HSB | 10/16/25 |  | 234 |
| CHF | 10199 | USD | 12885 | HSB | 10/16/25 |  | 50 |
| CNY | 36986954 | USD | 5189449 | HSB | 10/16/25 | 1818 |  |
| CZK | 2109341 | USD | 102430 | HSB | 10/16/25 |  | 667 |
| CZK | 810320 | USD | 38570 | HSB | 10/16/25 | 523 |  |
| DKK | 1084709 | USD | 171148 | HSB | 10/16/25 |  | 376 |
| DKK | 1151581 | USD | 181877 | JPM | 10/16/25 |  | 576 |
| EUR | 3513622 | USD | 4134849 | HSB | 10/16/25 |  | 6155 |
| EUR | 1204403 | USD | 1419400 | HSB | 10/16/25 |  | 4162 |
| EUR | 72063 | USD | 85213 | HSB | 10/16/25 |  | 534 |
| EUR | 297003 | USD | 347212 | HSB | 10/16/25 | 1783 |  |
| EUR | 593552 | USD | 693340 | HSB | 10/16/25 | 4115 |  |
| EUR | 1115022 | USD | 1318603 | HSB | 12/29/25 |  | 2888 |
| GBP | 110713 | USD | 150430 | HSB | 10/16/25 |  | 1521 |
| GBP | 228192 | USD | 308192 | HSB | 10/16/25 |  | 1272 |
| GBP | 285987 | USD | 388568 | JPM | 10/16/25 |  | 3914 |
| GBP | 125328 | USD | 170649 | JPM | 10/16/25 |  | 2082 |
| GBP | 343096 | USD | 462826 | SSB | 12/29/25 |  | 1372 |
| HUF | 16911425 | USD | 51077 | HSB | 10/16/25 |  | 210 |
| HUF | 52451012 | USD | 153139 | HSB | 10/16/25 | 4623 |  |
| ILS | 76860 | USD | 22889 | CIT | 10/16/25 | 316 |  |
| ILS | 308939 | USD | 92202 | CIT | 10/16/25 | 1069 |  |
| ILS | 970545 | USD | 290000 | HSB | 10/16/25 | 3015 |  |
| JPY | 310059545 | USD | 2142689 | CIT | 10/16/25 |  | 42966 |
| JPY | 371682116 | USD | 2568321 | HSB | 10/16/25 |  | 51289 |
| JPY | 24926707 | USD | 170735 | HSB | 10/16/25 |  | 1931 |
| JPY | 68730163 | USD | 465802 | HSB | 10/16/25 |  | 361 |
| KRW | 1342005852 | USD | 982190 | JPM | 10/16/25 |  | 25091 |
| MXN | 3366357 | USD | 182502 | MSC | 10/16/25 | 1045 |  |
| NOK | 1406592 | USD | 141451 | HSB | 10/16/25 |  | 490 |
| NOK | 1076477 | USD | 106393 | HSB | 10/16/25 | 1486 |  |
| NZD | 338163 | USD | 198221 | HSB | 10/16/25 |  | 2069 |
| PEN | 1591403 | USD | 446434 | JPM | 10/16/25 | 11743 |  |
| PLN | 237193 | USD | 65590 | HSB | 10/16/25 |  | 344 |
| RON | 346152 | USD | 79324 | CIT | 10/16/25 | 547 |  |
| RON | 607916 | USD | 140855 | HSB | 10/16/25 |  | 583 |
| RON | 183330 | USD | 42086 | HSB | 10/16/25 | 216 |  |
| RON | 2005612 | USD | 459646 | MSC | 10/16/25 | 3133 |  |
| SEK | 206965 | USD | 22109 | MSC | 10/16/25 |  | 105 |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counter-<br> party | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| SEK | 1416645 | USD | 149417 | MSC | 10/16/25 | $1199 | $— |
| SGD | 112335 | USD | 87700 | JPM | 10/16/25 |  | 516 |
| THB | 20400000 | USD | 627963 | HSB | 10/16/25 | 2279 |  |
| USD | 110949 | AUD | 168577 | HSB | 10/16/25 |  | 621 |
| USD | 135000 | AUD | 204692 | HSB | 10/16/25 |  | 473 |
| USD | 1783568 | AUD | 2709925 | JPM | 10/16/25 |  | 9959 |
| USD | 291151 | AUD | 442367 | MSC | 10/16/25 |  | 1624 |
| USD | 143337 | CAD | 195176 | CIT | 10/16/25 | 2993 |  |
| USD | 436171 | CAD | 598015 | CIT | 10/16/25 | 6161 |  |
| USD | 240000 | CAD | 330404 | JPM | 10/16/25 | 2419 |  |
| USD | 1543196 | CAD | 2101345 | JPM | 10/16/25 | 32196 |  |
| USD | 139828 | CAD | 190399 | MSC | 10/16/25 | 2919 |  |
| USD | 970889 | CAD | 1333146 | SSB | 12/29/25 | 8983 |  |
| USD | 94274 | CHF | 74285 | HSB | 10/16/25 | 798 |  |
| USD | 25449 | CHF | 20000 | SSB | 12/29/25 | 66 |  |
| USD | 540000 | CNY | 3838805 | HSB | 10/16/25 | 1208 |  |
| USD | 380736 | COP | 1539125000 | HSB | 10/16/25 |  | 11144 |
| USD | 408598 | CZK | 8561975 | HSB | 10/16/25 |  | 4468 |
| USD | 452000 | CZK | 9404448 | HSB | 10/16/25 |  | 1711 |
| USD | 976841 | DKK | 6191050 | HSB | 10/16/25 | 2144 |  |
| USD | 438620 | DKK | 2779761 | JPM | 10/16/25 | 984 |  |
| USD | 27344 | DKK | 173292 | MSC | 10/16/25 | 61 |  |
| USD | 1687500 | EUR | 1434697 | HSB | 10/16/25 | 1654 |  |
| USD | 1132562 | EUR | 962403 | HSB | 10/16/25 | 1686 |  |
| USD | 315000 | GBP | 233782 | HSB | 10/16/25 | 562 |  |
| USD | 608000 | GBP | 448791 | JPM | 10/16/25 | 4373 |  |
| USD | 644164 | HKD | 5000000 | HSB | 12/29/25 | 564 |  |
| USD | 669495 | HKD | 5200000 | SSB | 12/29/25 | 152 |  |
| USD | 470000 | HUF | 163541999 | HSB | 10/16/25 |  | 21903 |
| USD | 178533 | IDR | 2923660000 | HSB | 10/16/25 | 3115 |  |
| USD | 364391 | ILS | 1201146 | CIT | 10/16/25 | 1755 |  |
| USD | 163178 | ILS | 538981 | HSB | 10/16/25 | 455 |  |
| USD | 304915 | ILS | 1007161 | JPM | 10/16/25 | 845 |  |
| USD | 720000 | JPY | 106289834 | CIT | 10/16/25 | 205 |  |
| USD | 831239 | JPY | 121765236 | CIT | 12/29/25 | 526 |  |
| USD | 435310 | JPY | 64055575 | HSB | 10/16/25 | 1526 |  |
| USD | 600000 | JPY | 88370166 | HSB | 10/16/25 | 1557 |  |
| USD | 372720 | JPY | 53939321 | HSB | 10/16/25 | 7443 |  |
| USD | 869455 | JPY | 127333934 | HSB | 12/29/25 | 751 |  |
| USD | 910781 | JPY | 133390641 | SSB | 12/29/25 | 756 |  |
| USD | 15927 | MXN | 299575 | CIT | 10/16/25 |  | 407 |
| USD | 85933 | MXN | 1617826 | JPM | 10/16/25 |  | 2277 |
| USD | 354070 | MXN | 6659349 | MSC | 10/16/25 |  | 9024 |
| USD | 565220 | NOK | 5718871 | HSB | 10/16/25 |  | 7894 |
| USD | 1272222 | NOK | 12876333 | JPM | 10/16/25 |  | 18175 |
| USD | 1013899 | NZD | 1683201 | CIT | 10/16/25 | 37555 |  |
| USD | 277404 | NZD | 460525 | HSB | 10/16/25 | 10276 |  |
| USD | 434000 | NZD | 716026 | HSB | 10/16/25 | 18668 |  |
| USD | 394079 | PEN | 1403984 | CIT | 10/16/25 |  | 10139 |

---

**Lazard Retirement Global Dynamic Multi-Asset Portfolio (concluded)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Currency<br> Purchased | Quantity | Currency<br> Sold | Quantity | Counter-<br> party | Settlement<br> Date | Unrealized<br> Appreciation | Unrealized<br> Depreciation |
| USD | 537936 | PEN | 1916395 | HSB | 10/16/25 | $— | $13809 |
| USD | 307162 | PLN | 1122251 | HSB | 10/16/25 |  | 1542 |
| USD | 1105578 | RON | 4819013 | HSB | 10/16/25 |  | 6370 |
| USD | 26830 | SGD | 34118 | CIT | 10/16/25 | 351 |  |
| USD | 149309 | SGD | 189866 | JPM | 10/16/25 | 1953 |  |
| USD | 431284 | SGD | 550000 | SSB | 12/29/25 | 2132 |  |
| USD | 739695 | THB | 23843475 | HSB | 10/16/25 | 3070 |  |
| Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts | Total gross unrealized appreciation/depreciation on Forward Currency Contracts |  | $214360 | $279677 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement International Equity Portfolio** | **Lazard Retirement International Equity Portfolio** | **Lazard Retirement International Equity Portfolio** |
| **Common Stocks \| 96.1%** |  |  |
| **Australia \| 1.1%** |  |  |
| Rio Tinto PLC | 21130 | $1392471 |
| **Belgium \| 1.3%** |  |  |
| KBC Group NV | 13699 | 1641944 |
| **Brazil \| 1.0%** |  |  |
| TOTVS SA | 139100 | 1200406 |
| **Canada \| 2.6%** |  |  |
| Gildan Activewear, Inc. | 35023 | 2023316 |
| Suncor Energy, Inc. | 28002 | 1171831 |
|  |  | 3195147 |
| **China \| 3.0%** |  |  |
| Contemporary Amperex Technology Co. Ltd., Class A | 20200 | 1142357 |
| Li Ning Co. Ltd. | 480500 | 1092364 |
| Tencent Holdings Ltd. | 16300 | 1388691 |
|  |  | 3623412 |
| **Denmark \| 1.6%** |  |  |
| Novo Nordisk AS, Class B | 34653 | 1912697 |
| **Finland \| 1.1%** |  |  |
| Fortum OYJ | 71004 | 1342129 |
| **France \| 13.6%** |  |  |
| Air Liquide SA | 9271 | 1929401 |
| Bureau Veritas SA | 56997 | 1789624 |
| Capgemini SE | 6394 | 930437 |
| Cie de Saint-Gobain SA | 10459 | 1139411 |
| Engie SA | 103906 | 2228844 |
| Legrand SA | 9928 | 1656103 |
| Orange SA | 142503 | 2311802 |
| Pernod Ricard SA | 10625 | 1044706 |
| Societe Generale SA | 25937 | 1725209 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| Thales SA | 6205 | $1944511 |
|  |  | 16700048 |
| **Germany \| 6.3%** |  |  |
| Aumovio SE (\*) | 6241 | 257312 |
| Continental AG | 12481 | 822860 |
| Merck KGaA | 11813 | 1519503 |
| MTU Aero Engines AG | 4249 | 1950173 |
| Siemens AG | 3587 | 967838 |
| Siemens Healthineers AG (#) | 29005 | 1569155 |
| Zalando SE (#), (\*) | 21044 | 645151 |
|  |  | 7731992 |
| **Greece \| 2.1%** |  |  |
| National Bank of Greece SA | 174977 | 2548601 |
| **Hong Kong \| 3.2%** |  |  |
| AIA Group Ltd. | 250800 | 2403978 |
| Techtronic Industries Co. Ltd. | 119000 | 1526687 |
|  |  | 3930665 |
| **Israel \| 1.5%** |  |  |
| Bank Hapoalim BM | 88465 | 1798675 |
| **Italy \| 2.8%** |  |  |
| Lottomatica Group SpA | 44819 | 1211178 |
| UniCredit SpA | 29393 | 2231626 |
|  |  | 3442804 |
| **Japan \| 15.4%** |  |  |
| Bandai Namco Holdings, Inc. | 37800 | 1256476 |
| Ebara Corp. | 15900 | 363727 |
| FANUC Corp. | 36700 | 1045765 |
| MatsukiyoCocokara & Co. | 54500 | 1106576 |
| Mitsui Fudosan Co. Ltd. | 104400 | 1140487 |
| Mizuho Financial Group, Inc. | 63800 | 2135382 |
| NEC Corp. | 43400 | 1387459 |
| Nippon Sanso Holdings Corp. | 30500 | 1080768 |
| Nitori Holdings Co. Ltd. | 48500 | 934918 |
| Otsuka Holdings Co. Ltd. | 26700 | 1426420 |
| Resona Holdings, Inc. | 132600 | 1349863 |
| Shimadzu Corp. | 73300 | 1848455 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement International Equity Portfolio (continued)** | **Lazard Retirement International Equity Portfolio (continued)** | **Lazard Retirement International Equity Portfolio (continued)** |
| Shin-Etsu Chemical Co. Ltd. | 36500 | $1194376 |
| Suzuki Motor Corp. | 78800 | 1148646 |
| Toyo Suisan Kaisha Ltd. | 20800 | 1488653 |
|  |  | 18907971 |
| **Mexico \| 0.9%** |  |  |
| Arca Continental SAB de CV | 99400 | 1042225 |
| **Netherlands \| 6.5%** |  |  |
| ASML Holding NV | 3332 | 3248575 |
| IMCD NV | 10583 | 1094092 |
| ING Groep NV | 83400 | 2173490 |
| Universal Music Group NV | 49810 | 1445690 |
|  |  | 7961847 |
| **South Korea \| 1.5%** |  |  |
| Samsung Electronics Co. Ltd. | 31225 | 1876822 |
| **Spain \| 4.0%** |  |  |
| Banco Santander SA | 176736 | 1847119 |
| Bankinter SA | 127687 | 2014123 |
| Industria de Diseno Textil SA | 20066 | 1108570 |
|  |  | 4969812 |
| **Sweden \| 2.9%** |  |  |
| Hexagon AB, B Shares | 142963 | 1714915 |
| Sandvik AB | 65710 | 1840146 |
|  |  | 3555061 |
| **Switzerland \| 2.8%** |  |  |
| ABB Ltd. | 33241 | 2395803 |
| Cie Financiere Richemont SA, Class A | 5744 | 1102152 |
|  |  | 3497955 |
| **Taiwan \| 1.0%** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 4337 | 1211281 |
| **United Kingdom \| 13.9%** |  |  |
| 3i Group PLC | 28471 | 1569792 |
| AstraZeneca PLC | 14818 | 2263498 |
| Coca-Cola Europacific Partners PLC | 13026 | 1179478 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| Compass Group PLC | 47062 | $1603381 |
| Croda International PLC | 38425 | 1404464 |
| Howden Joinery Group PLC | 95417 | 1091946 |
| IMI PLC | 51189 | 1585404 |
| JD Sports Fashion PLC | 441262 | 566069 |
| RELX PLC | 52709 | 2517498 |
| Unilever PLC | 55814 | 3299285 |
|  |  | 17080815 |
| **United States \| 6.0%** |  |  |
| Amcor PLC CDI | 134990 | 1099310 |
| Aon PLC, Class A | 4390 | 1565386 |
| Chubb Ltd. | 3374 | 952311 |
| CRH PLC | 10383 | 1244922 |
| ICON PLC (\*) | 5513 | 964775 |
| Medtronic PLC | 16534 | 1574698 |
|  |  | 7401402 |
| **Total Common Stocks**<br> (Cost $91,079,931) |  | 117966182 |
| **Preferred Stocks \| 1.1%** |  |  |
| **Brazil \| 1.1%** |  |  |
| Itau Unibanco Holding SA <br> (Cost $924,371) | 182880 | $1342500 |
| Description | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Repurchase Agreements \| 1.9%** | **Repurchase Agreements \| 1.9%** |  |
| Fixed Income Clearing Corp., <br> 4.19%, 10/01/25 <br> (Dated 09/30/25, collateralized by $2,411,100 United States Treasury Note, 3.875%, 08/15/34, with a fair value of $2,386,990) Proceeds of $2,340,272 <br> (Cost $2,340,000) | $2340 | $2340000 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair <br> Value |
| **Lazard Retirement International Equity Portfolio (concluded)** | **Lazard Retirement International Equity Portfolio (concluded)** | **Lazard Retirement International Equity Portfolio (concluded)** |
| **Short-Term Investments \| 0.1%** | **Short-Term Investments \| 0.1%** |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield) <br> (Cost $131,296) | 131296 | $131296 |
| **Total Investments \| 99.2%**<br> (Cost $94,475,598) |  | $**121779978** |
| **Cash and Other Assets in Excess of Liabilities \| 0.8%** | **Cash and Other Assets in Excess of Liabilities \| 0.8%** | **1038349** |
| **Net Assets \| 100.0%** |  | $**122818327** |

---

---

| | |
|:---|:---|
| | |
| *(\*)* | *Non-income producing security.* |
| *(#)* | *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. At September 30, 2025, these securities amounted to 1.8% of net assets of the Portfolio.* |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio** | **Lazard Retirement US Small Cap Equity Select Portfolio** | **Lazard Retirement US Small Cap Equity Select Portfolio** |
| **Common Stocks \| 99.1%** |  |  |
| **Aerospace & Defense \| 1.7%** |  |  |
| StandardAero, Inc. | 20150 | $549894 |
| **Automobile Components \| 1.4%** |  |  |
| Gentherm, Inc. (\*) | 14092 | 479974 |
| **Automobiles \| 1.0%** |  |  |
| Thor Industries, Inc. | 3243 | 336267 |
| **Banks \| 8.6%** |  |  |
| Atlantic Union Bankshares Corp. | 9641 | 340231 |
| BankUnited, Inc. | 16217 | 618841 |
| Commerce Bancshares, Inc. | 9844 | 588277 |
| Home BancShares, Inc. | 19627 | 555444 |
| Wintrust Financial Corp. | 5717 | 757160 |
|  |  | 2859953 |
| **Biotechnology \| 6.7%** |  |  |
| Arcutis Biotherapeutics, Inc. (\*) | 19417 | 366011 |
| Aurinia Pharmaceuticals, Inc. (\*) | 22697 | 250802 |
| Caris Life Sciences, Inc. | 18069 | 546587 |
| Janux Therapeutics, Inc. (\*) | 9153 | 223700 |
| Rhythm Pharmaceuticals, Inc. (\*) | 2474 | 249849 |
| Soleno Therapeutics, Inc. (\*) | 5182 | 350303 |
| Vaxcyte, Inc. (\*) | 7213 | 259812 |
|  |  | 2247064 |
| **Building Products \| 2.3%** |  |  |
| Hayward Holdings, Inc. (\*) | 20805 | 314571 |
| Janus International Group, Inc. (\*) | 44324 | 437478 |
|  |  | 752049 |
| **Capital Markets \| 4.9%** |  |  |
| Bullish | 5207 | 331218 |
| StepStone Group, Inc., Class A | 10446 | 682228 |
| Stifel Financial Corp. | 5545 | 629191 |
|  |  | 1642637 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair<br> Value | Fair<br> Value |
| **Commercial Services & Supplies \| 3.8%** | **Commercial Services & Supplies \| 3.8%** |  |  |
| ABM Industries, Inc. | 11953 | $| 551272 |
| Casella Waste Systems, Inc., Class A (\*) | 7551 |  | 716439 |
|  |  |  | 1267711 |
| **Communications Equipment \| 1.3%** | **Communications Equipment \| 1.3%** |  |  |
| Lumentum Holdings, Inc. (\*) | 2757 |  | 448591 |
| **Construction & Engineering \| 2.0%** |  |  |  |
| Legence Corp., Class A | 10296 |  | 317220 |
| Primoris Services Corp. | 2432 |  | 333986 |
|  |  |  | 651206 |
| **Construction Materials \| 1.3%** |  |  |  |
| Eagle Materials, Inc. | 1906 |  | 444174 |
| **Consumer Finance \| 0.8%** |  |  |  |
| Figure Technology Solutions, Inc., Class A | 6932 |  | 252117 |
| **Consumer Staples Distribution & Retail \| 3.4%** | **Consumer Staples Distribution & Retail \| 3.4%** |  |  |
| BJ's Wholesale Club Holdings, Inc. (\*) | 4348 |  | 405451 |
| Chefs' Warehouse, Inc. (\*) | 5075 |  | 296025 |
| Guardian Pharmacy Services, Inc., Class A (\*) | 16854 |  | 442080 |
|  |  |  | 1143556 |
| **Containers & Packaging \| 2.0%** |  |  |  |
| Graphic Packaging Holding Co. | 17613 |  | 344686 |
| TriMas Corp. | 8168 |  | 315612 |
|  |  |  | 660298 |
| **Electrical Equipment \| 1.4%** |  |  |  |
| EnerSys | 4109 |  | 464153 |
| **Electronic Equipment, Instruments & Components \| 3.4%** | **Electronic Equipment, Instruments & Components \| 3.4%** | **Electronic Equipment, Instruments & Components \| 3.4%** | **Electronic Equipment, Instruments & Components \| 3.4%** |
| Coherent Corp. (\*) | 7439 |  | 801329 |
| Mirion Technologies, Inc. (\*) | 14642 |  | 340573 |
|  |  |  | 1141902 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** | **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** | **Lazard Retirement US Small Cap Equity Select Portfolio (continued)** |
| **Energy Equipment & Services \| 1.5%** | **Energy Equipment & Services \| 1.5%** |  |
| Atlas Energy Solutions, Inc. | 16752 | $190470 |
| Cactus, Inc., Class A | 8111 | 320141 |
|  |  | 510611 |
| **Entertainment \| 1.7%** |  |  |
| Roku, Inc. (\*) | 5784 | 579152 |
| **Ground Transportation \| 1.2%** |  |  |
| Landstar System, Inc. | 3391 | 415601 |
| **Health Care Equipment & Supplies \| 3.8%** | **Health Care Equipment & Supplies \| 3.8%** |  |
| Enovis Corp. (\*) | 17026 | 516569 |
| Inspire Medical Systems, Inc. (\*) | 3592 | 266526 |
| TransMedics Group, Inc. (\*) | 4349 | 487958 |
|  |  | 1271053 |
| **Health Care Technology \| 3.0%** |  |  |
| Doximity, Inc., Class A (\*) | 4811 | 351924 |
| Evolent Health, Inc., Class A (\*) | 47395 | 400962 |
| Schrodinger, Inc. (\*) | 11913 | 238975 |
|  |  | 991861 |
| **Hotels, Restaurants & Leisure \| 4.3%** | **Hotels, Restaurants & Leisure \| 4.3%** |  |
| First Watch Restaurant Group, Inc. (\*) | 44818 | 700954 |
| Kura Sushi USA, Inc., Class A (\*) | 5389 | 320160 |
| Wyndham Hotels & Resorts, Inc. | 5159 | 412204 |
|  |  | 1433318 |
| **Household Durables \| 1.3%** |  |  |
| Meritage Homes Corp. | 6020 | 436029 |
| **Insurance \| 3.1%** |  |  |
| First American Financial Corp. | 10867 | 698096 |
| Reinsurance Group of America, Inc. | 1739 | 334114 |
|  |  | 1032210 |
| **Interactive Media & Services \| 1.8%** |  |  |
| Cars.com, Inc. (\*) | 24939 | 304754 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Fair<br> Value | Fair<br> Value |
| MediaAlpha, Inc., Class A (\*) | 25215 | $| 286947 |
|  |  |  | 591701 |
| **IT Services \| 2.8%** |  |  |  |
| DigitalOcean Holdings, Inc. (\*) | 27476 |  | 938580 |
| **Leisure Products \| 1.4%** |  |  |  |
| Brunswick Corp. | 7238 |  | 457731 |
| **Life Sciences Tools & Services \| 0.7%** | **Life Sciences Tools & Services \| 0.7%** |  |  |
| Maravai LifeSciences Holdings, Inc., Class A (\*) | 85457 |  | 245262 |
| **Machinery \| 6.2%** |  |  |  |
| Gates Industrial Corp. PLC (\*) | 18633 |  | 462471 |
| Middleby Corp. (\*) | 4329 |  | 575454 |
| Nordson Corp. | 2074 |  | 470694 |
| Toro Co. | 7230 |  | 550926 |
|  |  |  | 2059545 |
| **Media \| 1.2%** |  |  |  |
| NIQ Global Intelligence PLC | 24597 |  | 386173 |
| **Oil, Gas & Consumable Fuels \| 2.1%** | **Oil, Gas & Consumable Fuels \| 2.1%** |  |  |
| Antero Resources Corp. (\*) | 10841 |  | 363824 |
| Magnolia Oil & Gas Corp., Class A | 13752 |  | 328260 |
|  |  |  | 692084 |
| **Pharmaceuticals \| 0.7%** |  |  |  |
| Axsome Therapeutics, Inc. (\*) | 2012 |  | 244357 |
| **Retail REITs \| 2.0%** |  |  |  |
| Brixmor Property Group, Inc. | 23626 |  | 653968 |
| **Semiconductors & Semiconductor Equipment \| 5.2%** | **Semiconductors & Semiconductor Equipment \| 5.2%** | **Semiconductors & Semiconductor Equipment \| 5.2%** | **Semiconductors & Semiconductor Equipment \| 5.2%** |
| Credo Technology Group Holding Ltd. (\*) | 1842 |  | 268214 |
| Diodes, Inc. (\*) | 9939 |  | 528854 |
| Onto Innovation, Inc. (\*) | 3078 |  | 397739 |
| Rambus, Inc. (\*) | 5108 |  | 532254 |
|  |  |  | 1727061 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** | **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** | **Lazard Retirement US Small Cap Equity Select Portfolio (concluded)** |
| **Software \| 3.3%** |  |  |
| SPS Commerce, Inc. (\*) | 5399 | $562252 |
| Zeta Global Holdings Corp., Class A (\*) | 27336 | 543166 |
|  |  | 1105418 |
| **Specialized REITs \| 2.4%** |  |  |
| CubeSmart | 19778 | 804173 |
| **Specialty Retail \| 2.0%** |  |  |
| Floor & Decor Holdings, Inc., Class A (\*) | 9264 | 682757 |
| **Textiles, Apparel & Luxury Goods \| 1.4%** |  |  |
| Kontoor Brands, Inc. | 5888 | 469686 |
| **Total Common Stocks**<br> (Cost $31,549,432) |  | 33069877 |

---

---

| | | |
|:---|:---|:---|
| Description | Principal<br> Amount<br> (000) | Fair<br> Value |
| **Repurchase Agreements \| 1.0%** |  |  |
| Fixed Income Clearing Corp.,<br> 4.19%, 10/01/25 <br> (Dated 09/30/25, collateralized by $340,100 United States Treasury Note, 3.875%, 08/15/34, with a fair value of $336,771) Proceeds of $330,038<br> (Cost $330,000) | $330 | $330000 |

---

---

| | | |
|:---|:---|:---|
| Description | Shares | Fair<br> Value |
| **Short-Term Investments \| 0.0%** | **Short-Term Investments \| 0.0%** |  |
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07% (7 day yield)<br> (Cost $17,572) | 17572 | $17572 |
| **Total Investments \| 100.1%** <br> (Cost $31,897,004) |  | $**33417449** |
| **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **Liabilities in Excess of Cash and Other Assets \| (0.1)%** | **(26365)** |
| **Net Assets \| 100.0%** |  | $**33391084** |

---

*(\*)* *Non-income producing security.*

**Lazard Retirement Series, Inc.** Notes to Portfolio of Investments<br> September 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Asset Class/Sector | Lazard<br> Retirement<br> Emerging<br> Markets Equity<br> Portfolio | Lazard<br> Retirement<br> Global<br> Dynamic<br> Multi-Asset<br> Portfolio | Lazard<br> Retirement<br> International<br> Equity<br> Portfolio | Lazard<br> Retirement<br> US Small Cap<br> Equity Select<br> Portfolio |
| Equity |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Communication Services | 9.0% | 7.0% | 4.3% | 4.7% |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary | 9.4 | 7.4 | 11.2 | 12.8 |
| &nbsp;&nbsp;&nbsp;Consumer Staples | 7 | 6.6 | 7.5 | 3.4 |
| &nbsp;&nbsp;&nbsp;Energy | 5.5 | 1.3 | 1 | 3.6 |
| &nbsp;&nbsp;&nbsp;Financials | 25.4 | 14.4 | 22.2 | 17.4 |
| &nbsp;&nbsp;&nbsp;Health Care | 4 | 6.7 | 9.2 | 14.9 |
| &nbsp;&nbsp;&nbsp;Industrials | 6.3 | 8.7 | 19.5 | 18.6 |
| &nbsp;&nbsp;&nbsp;Information Technology | 22.1 | 15.8 | 10.9 | 16 |
| &nbsp;&nbsp;&nbsp;Materials | 6.9 | 2.6 | 7.6 | 3.3 |
| &nbsp;&nbsp;&nbsp;Real Estate |  | 1.4 | 0.9 | 4.4 |
| &nbsp;&nbsp;&nbsp;Sovereign Debt |  | 20.3 |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Municipal Bonds |  | 0.7 |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Securities |  | 3.7 |  |  |
| &nbsp;&nbsp;&nbsp;Utilities | 1.8 | 2.4 | 2.9 |  |
| &nbsp;&nbsp;&nbsp;Other (includes short-term investments) | 2.6 | 1 | 2.8 | 0.9 |
| Total | 100.0% | 100.0% | 100.0% | 100.0% |

---

---

| | |
|:---|:---|
| **Security Abbreviations:** | **Security Abbreviations:** |
| ADR | - American Depositary Receipt |
| CDI | - CHESS Depositary Interest |
| CDOR | - Canadian Dollar Offered Rate |
| ETF | - Exchange-Traded Fund |
| EURIBOR | - Euro Interbank Offered Rate |
| GDR | - Global Depositary Receipt |
| ICE | - Intercontinental Exchange |
| NIBOR | - Norway Interbank Offered Rate |
| PJSC | - Public Joint Stock Company |
| PRIBOR | - Prague Interbank Offered Rate |
| REIT | - Real Estate Investment Trust |
| SOFR | - Secured Overnight Financing Rate |
| WIBOR | - Warsaw Interbank Offered Rate |

---

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| AUD | - Australian Dollar |
| BRL | - Brazilian Real |
| CAD | - Canadian Dollar |
| CHF | - Swiss Franc |
| CLP | - Chilean Peso |
| CNY | - Chinese Renminbi |
| COP | - Colombian Peso |
| CZK | - Czech Koruna |
| DKK | - Danish Krone |
| EUR | - Euro |
| GBP | - British Pound Sterling |
| HKD | - Hong Kong Dollar |
| HUF | - Hungarian Forint |
| IDR | - Indonesian Rupiah |
| ILS | - Israeli Shekel |
| INR | - Indian Rupee |
| JPY | - Japanese Yen |
| KRW | - South Korean Won |
| MXN | - Mexican New Peso |
| NOK | - Norwegian Krone |
| NZD | - New Zealand Dollar |
| PEN | - Peruvian Nuevo Sol |
| PLN | - Polish Zloty |
| RON | - New Romanian Leu |
| SEK | - Swedish Krona |
| SGD | - Singapore Dollar |
| THB | - Thai Baht |
| TRY | - New Turkey Lira |
| USD | - United States Dollar |

---

---

| | |
|:---|:---|
| **Counterparty Abbreviations:** | **Counterparty Abbreviations:** |
| CIT | - Citibank N.A. |
| HSB | - HSBC Bank USA N.A. |
| JPM | - JPMorgan Chase Bank N.A. |
| MSC | - Morgan Stanley & Co. |
| SSB | - State Street Bank & Trust Co. |

---

Various inputs are used in determining the fair value of investments and derivative financial instruments. For information about the Fund's policy regarding valuation of investments and derivative financial instruments, refer to notes to the financial statements.

**Item 2. Controls and Procedures.**

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Lazard Retirement Series, Inc.

---

| | |
|:---|:---|
| By: | /s/ Nathan A. Paul |
|  | Nathan A. Paul |
|  | Chief Executive Officer |
| Date: | November 24, 2025 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Nathan A. Paul |
|  | Nathan A. Paul |
|  | Chief Executive Officer |
| Date: | November 24, 2025 |

---

---

| | |
|:---|:---|
| By: | /s/ Christina Kennedy |
|  | Christina Kennedy |
|  | Chief Financial Officer |
| Date: | November 24, 2025 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LAZARD RETIREMENT SERIES INC

- **b. Investment Company Act file number:** 811-08071

- **c. CIK number of Registrant:** 0001033669

- **d. LEI of Registrant:** 25490040TBDMVOE6GX23

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

  - **Street Address 1:** 30 ROCKEFELLER PLAZA

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10112

  - **Telephone number:** 212-632-6000

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

- **a. Name of Series:** Lazard Retirement Global Dynamic Multi-Asset Portfolio

- **b. EDGAR series identifier (if any):** S000037000

- **c. LEI of Series:** WEFFLRJ7PRJS2YM55M69

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $210361794.49

**Total Liabilities:** $781174.74

**Net Assets:** $209580619.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -87.81000000 | **1-Year:** -2888.31000000 | **5-Year:** -8078.72000000 | **10-Year:** -8950.72000000 | **30-Year:** -1984.44000000

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

- **3-Month:** -20.25000000 | **1-Year:** -117.07000000 | **5-Year:** -404.28000000 | **10-Year:** -105.92000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000113248 | -0.43%               | 2.63%                | 1.96%                |
| Class ID C000113249 | -0.43%               | 2.56%                | 1.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1043674.57              | $-2226615.19                               |
| Month 2  | $1085237.73              | $3988955.36                                |
| Month 3  | $1138571.04              | $2574152.70                                |

**Designated Index Information**

- **Index Name:** GDMA Index

- **Index Identifier:** 50% MXWO / 50% LEGATRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nagoya Railroad Co Ltd                       | Nagoya Railroad Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800P62OOYUY3I8T51 | Long             | EC               | CORP              | JP        |       6400 | NS      | $76444.52     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED USD / SOLD HKD                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $151.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED MXN / SOLD USD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | MX        |          1 | NC      | $1044.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB BOLIGKREDITT AS                          | DNB Boligkreditt AS                                                   | CUSIP: 000000000<br>LEI: 5967007LIEEXZX659K67 | Long             | DBT              | CORP              | NO        |   10000000 | PA      | $1006909.13   | 0.48%             | 2028-02-08      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD HKD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $563.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                              | Nintendo Co Ltd                                                       | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |       5210 | NS      | $111181.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                       | Equitable Holdings Inc                                                | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |       4690 | NS      | $238158.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                       | Primoris Services Corp                                                | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |       3909 | NS      | $536822.97    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                   | BOC Hong Kong Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |     127000 | NS      | $597028.58    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                       | EDP SA                                                                | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |      75526 | NS      | $358737.59    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                            | Cisco Systems Inc                                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |       1942 | NS      | $132871.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                  | Plexus Corp                                                           | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |       1021 | NS      | $147728.49    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                 | Assurant Inc                                                          | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |        462 | NS      | $100069.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                               | Salesforce Inc                                                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       1395 | NS      | $330615.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | Intuit Inc                                                            | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       1509 | NS      | $1030511.19   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $-6155.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT         | French Republic Government Bonds OAT                                  | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     740000 | PA      | $680717.60    | 0.32%             | 2039-06-25      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc               | Omega Healthcare Investors Inc                                        | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |       6239 | NS      | $263410.58    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc                       | Laureate Education Inc                                                | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |       3414 | NS      | $107677.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Ship Lease Inc                        | Global Ship Lease Inc                                                 | CUSIP: 000000000<br>LEI: 254900GLZ0J5N8UZM071 | Long             | EC               | CORP              | MH        |       5085 | NS      | $156109.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival PLC                                 | Carnival PLC                                                          | CUSIP: 14365C103<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | EC               | CORP              | GB        |       4662 | NS      | $123263.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                          | Dollar General Corp                                                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |        684 | NS      | $70691.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                   | U.K. Gilts                                                            | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     315000 | PA      | $417042.78    | 0.20%             | 2035-03-07      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SoftBank Corp                                | SoftBank Corp                                                         | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |     281700 | NS      | $414331.89    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                                | Accenture PLC                                                         | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       1437 | NS      | $354364.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                     | European Investment Bank                                              | CUSIP: 000000000<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    1170000 | PA      | $810307.18    | 0.39%             | 2028-01-28      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                               | Home Depot Inc/The                                                    | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     405000 | PA      | $441029.23    | 0.21%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Telecom Italia SpA/Milano                    | Telecom Italia SpA/Milano                                             | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | EC               | CORP              | IT        |     367127 | NS      | $192154.28    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AMETEK Inc                                   | AMETEK Inc                                                            | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       1381 | NS      | $259628.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED HUF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | HU        |          1 | NC      | $-210.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NetScout Systems Inc                         | NetScout Systems Inc                                                  | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |       4486 | NS      | $115873.38    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc               | American Electric Power Co Inc                                        | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |       3305 | NS      | $371812.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                            | General Motors Co                                                     | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |       1739 | NS      | $106026.83    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Orix JREIT Inc                               | Orix JREIT Inc                                                        | CUSIP: 000000000<br>LEI: 353800WVNTBIU65TA247 | Long             | EC               |  | JP        |        308 | NS      | $208672.29    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED RON / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | RO        |          1 | NC      | $216.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Corp/VA                            | Universal Corp/VA                                                     | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |       1810 | NS      | $101124.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED USD / SOLD SGD                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $2131.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc           | MS&AD Insurance Group Holdings Inc                                    | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |      13400 | NS      | $304001.55    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp                          | Barrick Mining Corp                                                   | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      26504 | NS      | $870516.52    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD NOK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-18175.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD THB                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $3070.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DHT Holdings Inc                             | DHT Holdings Inc                                                      | CUSIP: 000000000<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |      16574 | NS      | $198059.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS LP                                  | Prologis LP                                                           | CUSIP: 000000000<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    2940000 | PA      | $420238.96    | 0.20%             | 2029-09-11      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                   | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3251000 | PA      | $2205854.28   | 1.05%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Sankyo Co Ltd                                | Sankyo Co Ltd                                                         | CUSIP: 000000000<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |       3900 | NS      | $67740.67     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlassian Corp                               | Atlassian Corp                                                        | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |        646 | NS      | $103166.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co                      | Central Garden & Pet Co                                               | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |       2572 | NS      | $75951.16     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED DKK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | DK        |          1 | NC      | $-375.63      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                      | ABB Ltd                                                               | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |       6823 | NS      | $490914.85    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                        | Jackson Financial Inc                                                 | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |       1669 | NS      | $168952.87    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                  | PURCHASED RON / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | RO        |          1 | NC      | $547.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toro Co/The                                  | Toro Co/The                                                           | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       1248 | NS      | $95097.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       4262 | NS      | $790260.04    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                              | McDonald's Corp                                                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |        895 | NS      | $271981.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombia Government International Bonds      | Colombia Government International Bonds                               | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     400000 | PA      | $436000.00    | 0.21%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                   | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     420000 | PA      | $422625.00    | 0.20%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP                     | New South Wales Treasury Corp                                         | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |     700000 | PA      | $403359.72    | 0.19%             | 2030-11-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NetApp Inc                                   | NetApp Inc                                                            | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       1387 | NS      | $164304.02    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                  | CUSIP: 060505FZ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     240000 | PA      | $170947.19    | 0.08%             | 2027-09-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                     | Rolls-Royce Holdings PLC                                              | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |      19836 | NS      | $317570.24    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD MXN                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-2276.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD PLN                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-1542.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kone Oyj                                     | Kone Oyj                                                              | CUSIP: 50048H101<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |       5806 | NS      | $197984.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc              | Philip Morris International Inc                                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       6168 | NS      | $1000449.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                           | United Rentals Inc                                                    | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |        296 | NS      | $282579.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro            | Italy Buoni Poliennali Del Tesoro                                     | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     685000 | PA      | $814390.10    | 0.39%             | 2035-08-01      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD MXN                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-406.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                               | Czech Republic Government Bond                                        | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    7310000 | PA      | $366816.78    | 0.18%             | 2030-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                       | Asian Development Bank                                                | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     305000 | PA      | $364761.96    | 0.17%             | 2029-06-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Scorpio Tankers Inc                          | Scorpio Tankers Inc                                                   | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |       4395 | NS      | $246339.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Computershare Ltd                            | Computershare Ltd                                                     | CUSIP: 20557R105<br>LEI: 21380085HOKTMGLV9G93 | Long             | EC               | CORP              | AU        |       8541 | NS      | $205154.82    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |          1 | NC      | $-2082.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                         | Colombia Government International Bond                                | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1643000000 | PA      | $412587.68    | 0.20%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD HUF                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-21903.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | JP        |          1 | NC      | $-361.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TEMASEK FINANCIAL I LTD                      | Temasek Financial I Ltd                                               | CUSIP: 000000000<br>LEI: 549300XMGMDF3VRJMF12 | Long             | DBT              | CORP              | SG        |    3080000 | PA      | $447822.21    | 0.21%             | 2034-08-28      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Amphenol Corp                                | Amphenol Corp                                                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       3472 | NS      | $429660.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                    | Apple Inc                                                             | CUSIP: 037833ED8<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     385000 | PA      | $341122.44    | 0.16%             | 2031-02-08      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| RELX PLC                                     | RELX PLC                                                              | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |       8040 | NS      | $383990.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KFW                                          | Kreditanstalt fuer Wiederaufbau                                       | CUSIP: 500769JD7<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     835000 | PA      | $775523.56    | 0.37%             | 2029-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                            | Sysco Corp                                                            | CUSIP: 871829BK2<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     485000 | PA      | $448715.01    | 0.21%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                            | General Mills Inc                                                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       3747 | NS      | $188923.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                     | Province of British Columbia Canada                                   | CUSIP: 110709GC0<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |    1020000 | PA      | $620560.47    | 0.30%             | 2044-06-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Japan Government Twenty Year Bonds           | Japan Government Twenty Year Bonds                                    | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   99150000 | PA      | $614329.74    | 0.29%             | 2044-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CHF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CH        |          1 | NC      | $-1501.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED CAD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CA        |          1 | NC      | $868.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SITE Centers Corp                            | SITE Centers Corp                                                     | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |      19681 | NS      | $177325.81    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL BK RECON & DEVELOP                      | International Bank for Reconstruction & Development                   | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    5845000 | PA      | $1026286.35   | 0.49%             | 2029-02-09      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Sila Realty Trust Inc                        | Sila Realty Trust Inc                                                 | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               |  | US        |       3735 | NS      | $93748.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED PLN / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | PL        |          1 | NC      | $-343.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED USD / SOLD MXN                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |          1 | NC      | $-9023.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                 | Gaztransport Et Technigaz SA                                          | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |       1847 | NS      | $341566.23    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Health Services Inc                | Universal Health Services Inc                                         | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |       2926 | NS      | $598191.44    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| INTER-AMERICAN INVEST CO                     | Inter-American Investment Corp                                        | CUSIP: 000000000<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |     662000 | PA      | $428452.17    | 0.20%             | 2026-06-30      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD RON                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-6369.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD DKK                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $984.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyoda Gosei Co Ltd                          | Toyoda Gosei Co Ltd                                                   | CUSIP: 000000000<br>LEI: 353800ZV4HXVM4DWPO50 | Long             | EC               | CORP              | JP        |       3100 | NS      | $77053.12     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NYKREDIT REALKREDIT AS                       | Nykredit Realkredit A/S                                               | CUSIP: 000000000<br>LEI: LIU16F6VZJSD6UKHD557 | Long             | DBT              | CORP              | DK        |    6475000 | PA      | $1006613.22   | 0.48%             | 2027-01-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $1525.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                  | Italgas SpA                                                           | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |       9339 | NS      | $85930.42     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortuna Mining Corp                          | Fortuna Mining Corp                                                   | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |      14864 | NS      | $133078.57    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDBANK HYPOTEK AB                          | Swedbank Hypotek AB                                                   | CUSIP: 000000000<br>LEI: 549300TJREQ7GHIXWR36 | Long             | DBT              | CORP              | SE        |    2100000 | PA      | $226887.55    | 0.11%             | 2029-03-28      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Acciona SA                                   | Acciona SA                                                            | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |       1001 | NS      | $201879.26    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $2418.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                | Assa Abloy AB                                                         | CUSIP: 045387107<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |      10073 | NS      | $174565.09    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific Inc                                          | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |        596 | NS      | $289071.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                        | Costco Wholesale Corp                                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |        505 | NS      | $467443.15    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD PEN                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-13809.03    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| U.K. Gilts                                   | U.K. Gilts                                                            | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     870000 | PA      | $674123.57    | 0.32%             | 2041-10-22      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Everest Group Ltd                            | Everest Group Ltd                                                     | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |        341 | NS      | $119428.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd                  | Daiwa House Industry Co Ltd                                           | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |       7500 | NS      | $269618.61    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                        | Uber Technologies Inc                                                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |       2110 | NS      | $206716.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd                             | CLP Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |      37000 | NS      | $306669.73    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Spain Government Bonds                       | Spain Government Bonds                                                | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |    1520000 | PA      | $1178535.72   | 0.56%             | 2042-07-30      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp          | Cognizant Technology Solutions Corp                                   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |       1850 | NS      | $124079.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                  | Columbia Banking System Inc                                           | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3517 | NS      | $90527.58     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                         | Western Union Co/The                                                  | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |      12621 | NS      | $100841.79    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                               | BNP Paribas SA                                                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      11242 | NS      | $1024800.65   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                 | Techtronic Industries Co Ltd                                          | CUSIP: 87873R101<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |       4194 | NS      | $267765.93    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                             | Bank Hapoalim BM                                                      | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |       5760 | NS      | $117112.64    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD COP                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-11143.65    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| eBay Inc                                     | eBay Inc                                                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |       1192 | NS      | $108412.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                              | Sony Group Corp                                                       | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |       3800 | NS      | $109041.79    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NIKE Inc                                     | NIKE Inc                                                              | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |       2962 | NS      | $206540.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                    | Airbus SE                                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |        498 | NS      | $116415.13    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                   | Diageo PLC                                                            | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |       2842 | NS      | $271212.06    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp                                   | FANUC Corp                                                            | CUSIP: 307305102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |      10891 | NS      | $155741.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                      | Romania Government Bond                                               | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    1960000 | PA      | $378095.51    | 0.18%             | 2034-10-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Quebecor Inc                                 | Quebecor Inc                                                          | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       5480 | NS      | $172546.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                        | Micron Technology Inc                                                 | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       4391 | NS      | $734702.12    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                | H&R Block Inc                                                         | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |       2643 | NS      | $133656.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL BK RECON & DEVELOP                      | International Bank for Reconstruction & Development                   | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     193000 | PA      | $127525.39    | 0.06%             | 2025-11-26      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                   | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2375000 | PA      | $2402646.47   | 1.15%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                        | Mitsui Fudosan Co Ltd                                                 | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |      19600 | NS      | $214114.40    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD CZK                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-1710.73     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                | Citigroup Inc                                                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       1559 | NS      | $158238.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                    | Chubb Ltd                                                             | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |        310 | NS      | $87497.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                      | Sea Ltd                                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |        827 | NS      | $147809.71    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                             | Cirrus Logic Inc                                                      | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |       2677 | NS      | $335401.33    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                                 | Stryker Corp                                                          | CUSIP: 863667BE0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |     395000 | PA      | $396031.23    | 0.19%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                               | Microsoft Corp                                                        | CUSIP: 594918AR5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     995000 | PA      | $822405.36    | 0.39%             | 2042-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp                        | General Dynamics Corp                                                 | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       4531 | NS      | $1545071.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                  | Northern Star Resources Ltd                                           | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |       9993 | NS      | $157600.79    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc                                                       | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      11184 | NS      | $901989.60    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD IDR                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $3115.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD CNH                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $1208.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Qorvo Inc                                    | Qorvo Inc                                                             | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |       2074 | NS      | $188899.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd                                | UOL Group Ltd                                                         | CUSIP: 000000000<br>LEI: 254900O9PRCWTMR86R25 | Long             | EC               | CORP              | SG        |      70600 | NS      | $427413.81    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Amdocs Ltd                                   | Amdocs Ltd                                                            | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |       4859 | NS      | $398680.95    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $7443.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atmos Energy Corp                            | Atmos Energy Corp                                                     | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |       1721 | NS      | $293860.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD CZK                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-4467.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                       | Canadian Imperial Bank of Commerce                                    | CUSIP: 13607LF99<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     530000 | PA      | $387067.18    | 0.18%             | 2030-12-10      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Fox Corp                                     | Fox Corp                                                              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |       4758 | NS      | $300039.48    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                    | Orange SA                                                             | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |      30550 | NS      | $495607.54    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp                                  | Exelon Corp                                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       2462 | NS      | $110814.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                           | CUSIP: 000000000<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     830000 | PA      | $837089.53    | 0.40%             | 2032-03-23      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $-2887.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                          | Societe Generale SA                                                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |       8705 | NS      | $579016.23    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED SEK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | SE        |          1 | NC      | $1198.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MDA Space Ltd                                | MDA Space Ltd                                                         | CUSIP: 55293N109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       4530 | NS      | $112818.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alps Alpine Co Ltd                           | Alps Alpine Co Ltd                                                    | CUSIP: 000000000<br>LEI: 529900PWNU4ASLY9VI90 | Long             | EC               | CORP              | JP        |       9800 | NS      | $124063.48    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Metro Inc/CN                                 | Metro Inc/CN                                                          | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |       3528 | NS      | $236949.17    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC                                                          | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |       5555 | NS      | $329300.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                | Industria de Diseno Textil SA                                         | CUSIP: 455793109<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |      17315 | NS      | $239120.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                  | Corteva Inc                                                           | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       1846 | NS      | $124844.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD ILS                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $455.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                           | Coterra Energy Inc                                                    | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |       3089 | NS      | $73054.85     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                  | PepsiCo Inc                                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       6174 | NS      | $867076.56    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF CHILE                            | Chile Government International Bond                                   | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     995000 | PA      | $1021795.72   | 0.49%             | 2031-07-02      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CNH / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CN        |          1 | NC      | $1818.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                        | Texas Instruments Inc                                                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       1538 | NS      | $282576.74    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                | CME Group Inc                                                         | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       1321 | NS      | $356920.99    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                      | Inter-American Development Bank                                       | CUSIP: 4581X0EP9<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |     385000 | PA      | $391924.02    | 0.19%             | 2034-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                      | International Bank for Reconstruction & Development                   | CUSIP: 459058JZ7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     448000 | PA      | $416285.90    | 0.20%             | 2028-09-13      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD CHF                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $798.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                           | Tokyo Electron Ltd                                                    | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |       1100 | NS      | $198330.01    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PayPal Holdings Inc                          | PayPal Holdings Inc                                                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       4373 | NS      | $293253.38    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                 | Centene Corp                                                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |       2557 | NS      | $91233.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                 | Alphabet Inc                                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       1803 | NS      | $438309.30    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Daito Trust Construction Co Ltd              | Daito Trust Construction Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800QQ4DRI3KXS3038 | Long             | EC               | CORP              | JP        |       3500 | NS      | $76767.51     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds        | Mexico Government International Bonds                                 | CUSIP: 91086QAS7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     320000 | PA      | $349680.00    | 0.17%             | 2034-09-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                     | Visa Inc                                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       1376 | NS      | $469738.88    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                 | State Street Institutional Treasury Plus Money Market Fund            | CUSIP: 857492854<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    1337356 | NS      | $1337356.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                | Hewlett Packard Enterprise Co                                         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |       3704 | NS      | $90970.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI World ETF                       | iShares MSCI World ETF                                                | CUSIP: 464286392<br>LEI: 549300SBOOZR51TG3W64 | Long             | EC               | RF                | US        |      48035 | NS      | $8721234.60   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL FINANCE CORP                            | International Finance Corp                                            | CUSIP: 45950VHX7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |     155000 | PA      | $153531.96    | 0.07%             | 2026-04-07      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Orkla ASA                                    | Orkla ASA                                                             | CUSIP: 000000000<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |       7292 | NS      | $76302.27     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                                                      | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       1742 | NS      | $573346.64    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc                                   | Zoetis Inc                                                            | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       2561 | NS      | $374725.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc            | Allison Transmission Holdings Inc                                     | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |       1163 | NS      | $98715.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                                                       | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        506 | NS      | $489853.54    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                   | CONSTELLATION SOFTWARE INC                                            | CUSIP: 000000000<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               |  | CA        |        431 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Oxford Industries Inc                        | Oxford Industries Inc                                                 | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |       1503 | NS      | $60931.62     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT Inc                                      | NTT Inc                                                               | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |     443200 | NS      | $463447.86    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Vontier Corp                                 | Vontier Corp                                                          | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |       1799 | NS      | $75504.03     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                                    | Essity AB                                                             | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |       2720 | NS      | $71136.90     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT Trust & HKT Ltd                          | HKT Trust & HKT Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     108000 | NS      | $159877.67    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Biogen Inc                                   | Biogen Inc                                                            | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       1351 | NS      | $189248.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                   | Fiserv Inc                                                            | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       3388 | NS      | $436814.84    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                      | Procter & Gamble Co/The                                               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       2239 | NS      | $344022.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire Co Ltd                                | Empire Co Ltd                                                         | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |       7677 | NS      | $275537.94    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE                                                      | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |       3671 | NS      | $224007.99    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MasTec Inc                                   | MasTec Inc                                                            | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       1113 | NS      | $236857.53    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED USD / SOLD CHF                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $66.20        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Akamai Technologies Inc                      | Akamai Technologies Inc                                               | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       1485 | NS      | $112503.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                         | Lockheed Martin Corp                                                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       1276 | NS      | $636991.96    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc             | BJ's Wholesale Club Holdings Inc                                      | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |       2353 | NS      | $219417.25    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                            | NatWest Group PLC                                                     | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |      62669 | NS      | $439878.99    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| TESCO CORP TREASURY SERV                     | Tesco Corporate Treasury Services PLC                                 | CUSIP: 000000000<br>LEI: 21380018AJDKNF3A6712 | Long             | DBT              | CORP              | GB        |     345000 | PA      | $424068.32    | 0.20%             | 2030-04-27      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Resona Holdings Inc                          | Resona Holdings Inc                                                   | CUSIP: 76118A205<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |      10086 | NS      | $203737.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                             | AdaptHealth Corp                                                      | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      17817 | NS      | $159462.15    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                     | United Therapeutics Corp                                              | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |        152 | NS      | $63719.92     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MEX BONOS DESARR FIX RT                      | Mexican Bonos                                                         | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   20380000 | PA      | $1127429.59   | 0.54%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                           | Peru Government Bond                                                  | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    3820000 | PA      | $1064388.83   | 0.51%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-472.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                   | Legrand SA                                                            | CUSIP: 524671104<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |       6956 | NS      | $230313.16    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Leopalace21 Corp                             | Leopalace21 Corp                                                      | CUSIP: 000000000<br>LEI: 529900Z3BHJUW1DY6254 | Long             | EC               | CORP              | JP        |      27000 | NS      | $130187.54    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                  | Royal Caribbean Cruises Ltd                                           | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |        408 | NS      | $132020.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $4115.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS/TYCO FI                     | Johnson Controls International plc / Tyco Fire & Security Finance SCA | CUSIP: 47837RAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     615000 | PA      | $545158.13    | 0.26%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                               | Microsoft Corp                                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       8624 | NS      | $4466800.80   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                            | Suncor Energy Inc                                                     | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      11907 | NS      | $498285.32    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD GBP                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $562.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Targa Resources Corp                         | Targa Resources Corp                                                  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |        824 | NS      | $138052.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                        | Becton Dickinson & Co                                                 | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       2275 | NS      | $425811.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $755.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                      | United Rentals North America Inc                                      | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     655000 | PA      | $653000.53    | 0.31%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ingredion Inc                                | Ingredion Inc                                                         | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |       1771 | NS      | $216256.81    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd                 | Hamilton Insurance Group Ltd                                          | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      17533 | NS      | $434818.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KFW                                          | Kreditanstalt fuer Wiederaufbau                                       | CUSIP: 500769BR4<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     690000 | PA      | $440980.18    | 0.21%             | 2036-04-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Comfort Systems USA Inc                      | Comfort Systems USA Inc                                               | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        870 | NS      | $717906.60    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                           | IQVIA Holdings Inc                                                    | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       1376 | NS      | $261357.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc                                                     | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |        385 | NS      | $114695.35    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                | Intercontinental Exchange Inc                                         | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       2247 | NS      | $378574.56    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                   | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1562000 | PA      | $1291395.70   | 0.62%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $1783.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                               | Rheinmetall AG                                                        | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |        147 | NS      | $342195.45    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED ILS / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IL        |          1 | NC      | $1068.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC                                                | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |        234 | NS      | $98738.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $750.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuraray Co Ltd                               | Kuraray Co Ltd                                                        | CUSIP: 000000000<br>LEI: 549300W9JPTOE739QZ31 | Long             | EC               | CORP              | JP        |       5400 | NS      | $62114.61     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                   | Pinnacle West Capital Corp                                            | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |       2171 | NS      | $194651.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co Ltd            | Electric Power Development Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300KMHPUAQI8VEH90 | Long             | EC               | CORP              | JP        |      20800 | NS      | $390462.41    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                  | NVIDIA Corp                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      27656 | NS      | $5160056.48   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED SGD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SG        |          1 | NC      | $-515.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Adobe Inc                                    | Adobe Inc                                                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       2649 | NS      | $934434.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $32195.75     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                            | International Finance Corp                                            | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    1046000 | PA      | $515026.91    | 0.25%             | 2035-04-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                      | Procter & Gamble Co/The                                               | CUSIP: 742718FM6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |      60000 | PA      | $52509.49     | 0.03%             | 2030-10-29      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Coursera Inc                                 | Coursera Inc                                                          | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |      12465 | NS      | $145965.15    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS EURO FINANCE                        | Prologis Euro Finance LLC                                             | CUSIP: 000000000<br>LEI: 549300MI5D1784PRQH06 | Long             | DBT              |  | US        |     760000 | PA      | $753515.66    | 0.36%             | 2032-02-16      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| GSK PLC                                      | GSK PLC                                                               | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      16751 | NS      | $360152.14    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |          1 | NC      | $-1371.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Entergy Corp                                 | Entergy Corp                                                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       3129 | NS      | $291591.51    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CHF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CH        |          1 | NC      | $-673.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                 | Alphabet Inc                                                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      12146 | NS      | $2958158.30   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC                                                       | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       3895 | NS      | $298824.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                        | Toronto-Dominion Bank/The                                             | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     485000 | PA      | $501747.13    | 0.24%             | 2028-09-13      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| COMMERZBANK AG                               | Commerzbank AG                                                        | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |     305000 | PA      | $359102.41    | 0.17%             | 2025-12-12      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Cigna Group/The                              | Cigna Group/The                                                       | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |        619 | NS      | $178426.75    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| THAILAND GOVERNMENT BOND                     | Thailand Government Bond                                              | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   12120000 | PA      | $378757.01    | 0.18%             | 2035-12-17      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Admiral Group PLC                            | Admiral Group PLC                                                     | CUSIP: 000000000<br>LEI: 213800FGVM7Z9EJB2685 | Long             | EC               | CORP              | GB        |       1760 | NS      | $79573.73     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC                     | New Zealand Local Government Funding Agency Bond                      | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |    1550000 | PA      | $843193.75    | 0.40%             | 2029-04-20      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                        | Bonos de la Tesoreria de la Republica en pesos                        | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  320000000 | PA      | $332243.43    | 0.16%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Eaton Corp                                   | Eaton Corp                                                            | CUSIP: 278062AE4<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |     455000 | PA      | $402092.19    | 0.19%             | 2042-11-02      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro            | Italy Buoni Poliennali Del Tesoro                                     | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     685000 | PA      | $845670.43    | 0.40%             | 2035-04-30      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Starbucks Corp                               | Starbucks Corp                                                        | CUSIP: 855244AU3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     440000 | PA      | $370594.63    | 0.18%             | 2049-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Horace Mann Educators Corp                   | Horace Mann Educators Corp                                            | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |       3735 | NS      | $168709.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Costa Rica Government International Bonds    | Costa Rica Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     810000 | PA      | $844020.00    | 0.40%             | 2031-02-19      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| EMCOR Group Inc                              | EMCOR Group Inc                                                       | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |        219 | NS      | $142249.26    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                           | Walt Disney Co/The                                                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      10225 | NS      | $1170762.50   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED THB / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | TH        |          1 | NC      | $2278.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED KRW / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KR        |          1 | NC      | $-25091.33    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                         | Waste Management Inc                                                  | CUSIP: 94106LCD9<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |     327000 | PA      | $334121.17    | 0.16%             | 2032-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Garmin Ltd                                   | Garmin Ltd                                                            | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       2529 | NS      | $622690.38    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                      | Procter & Gamble Co/The                                               | CUSIP: 742718GG8<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     193000 | PA      | $195861.40    | 0.09%             | 2034-01-29      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications Inc                                            | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     194000 | PA      | $192602.73    | 0.09%             | 2029-02-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Target Corp                                  | Target Corp                                                           | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       2110 | NS      | $189267.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                  | Sun Hung Kai Properties Ltd                                           | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |      11500 | NS      | $137931.44    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE          | LVMH Moet Hennessy Louis Vuitton SE                                   | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       1209 | NS      | $147872.79    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SHO-BOND Holdings Co Ltd                     | SHO-BOND Holdings Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       2500 | NS      | $82166.83     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                             | Coca-Cola Co/The                                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |       5839 | NS      | $387242.48    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD ILS                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $1755.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CHF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CH        |          1 | NC      | $-234.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Airlines Group SA | International Consolidated Airlines Group SA                          | CUSIP: 000000000<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | ES        |      59336 | NS      | $311211.39    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD ILS                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $845.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer NV                                                     | CUSIP: 977874205<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |       2257 | NS      | $309570.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF CHILE                            | Chile Government International Bond                                   | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |       5000 | PA      | $5134.65      | 0.00%             | 2031-07-02      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CZK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CZ        |          1 | NC      | $523.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co Ltd                        | Japan Airlines Co Ltd                                                 | CUSIP: 000000000<br>LEI: 3538002MH5L1QZZ93477 | Long             | EC               | CORP              | JP        |      36500 | NS      | $737195.61    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NGK Insulators Ltd                           | NGK Insulators Ltd                                                    | CUSIP: 000000000<br>LEI: 353800701BNCL25VYY16 | Long             | EC               | CORP              | JP        |      18900 | NS      | $316463.94    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co                     | Central Japan Railway Co                                              | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |       9100 | NS      | $261240.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbnb Inc                                   | Airbnb Inc                                                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       1547 | NS      | $187836.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                             | Exxon Mobil Corp                                                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       1324 | NS      | $149281.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD EUR                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $1654.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Capital Holdings Ltd                    | Axis Capital Holdings Ltd                                             | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |       2343 | NS      | $224459.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                  | Nutanix Inc                                                           | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |       1481 | NS      | $110171.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                       | Agnico Eagle Mines Ltd                                                | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |       4012 | NS      | $675729.54    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer NV                                                     | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |       1788 | NS      | $244075.71    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EverQuote Inc                                | EverQuote Inc                                                         | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5050 | NS      | $115493.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                       | Darden Restaurants Inc                                                | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |        905 | NS      | $172275.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                             | PJT Partners Inc                                                      | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |        372 | NS      | $66115.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                          | JPMorgan Chase & Co                                                   | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     425000 | PA      | $421285.58    | 0.20%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| State of California                          | CALIFORNIA ST                                                         | CUSIP: 13063D7G7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     735000 | PA      | $766408.24    | 0.37%             | 2041-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                              | Bermuda Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    1080000 | PA      | $1069740.00   | 0.51%             | 2027-01-25      | Fixed         | 3.72%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                     | AT&T Inc                                                              | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     845000 | PA      | $836599.58    | 0.40%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc                    | Palantir Technologies Inc                                             | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       1855 | NS      | $338389.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co                 | Portland General Electric Co                                          | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      16787 | NS      | $738628.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Government Forty Year Bonds            | Japan Government Forty Year Bonds                                     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  316450000 | PA      | $1454234.17   | 0.69%             | 2055-03-20      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CZK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CZ        |          1 | NC      | $-666.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison Inc                      | Consolidated Edison Inc                                               | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |        784 | NS      | $78807.68     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| City of Vancouver                            | City of Vancouver                                                     | CUSIP: 921577RJ3<br>LEI: 549300WQBP3HPFWQXI92 | Long             | DBT              | NUSS              | CA        |     380000 | PA      | $273167.49    | 0.13%             | 2025-11-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp                             | Asahi Kasei Corp                                                      | CUSIP: 000000000<br>LEI: 353800GPI4Z3MGDGN142 | Long             | EC               | CORP              | JP        |      36500 | NS      | $286989.98    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                              | TJX Cos Inc/The                                                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       5188 | NS      | $749873.52    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                                  | NETGEAR Inc                                                           | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |       7277 | NS      | $235702.03    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                           | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     490000 | PA      | $505163.91    | 0.24%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Portugal Obrigacoes do Tesouro OT            | Portugal Obrigacoes do Tesouro OT                                     | CUSIP: 000000000<br>LEI: 549300P6U1FJ3IMP7K42 | Long             | DBT              | NUSS              | PT        |    1320000 | PA      | $1447454.28   | 0.69%             | 2032-07-16      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                           | Province of Quebec Canada                                             | CUSIP: 748148SA2<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |     950000 | PA      | $676713.73    | 0.32%             | 2027-02-13      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| NewMarket Corp                               | NewMarket Corp                                                        | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |        143 | NS      | $118434.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS                                 | Carlsberg AS                                                          | CUSIP: 142795202<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |       6632 | NS      | $154326.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                          | Intesa Sanpaolo SpA                                                   | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |      72838 | NS      | $481686.00    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| East Japan Railway Co                        | East Japan Railway Co                                                 | CUSIP: 000000000<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |       7900 | NS      | $193586.13    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                     | Toyota Motor Credit Corp                                              | CUSIP: 89236TNT8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     430000 | PA      | $432929.21    | 0.21%             | 2032-09-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                  | Netflix Inc                                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       1022 | NS      | $1225296.24   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC                                                       | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       2010 | NS      | $307034.12    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| AMGEN INC                                    | Amgen Inc                                                             | CUSIP: 031162DD9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     715000 | PA      | $688433.53    | 0.33%             | 2029-02-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                           | Koninklijke KPN NV                                                    | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |      28949 | NS      | $138998.10    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Finance USA Inc                          | ABB Finance USA Inc                                                   | CUSIP: 00037BAC6<br>LEI: 5493002Y01YAFV45F528 | Long             | DBT              | CORP              | US        |     350000 | PA      | $314493.55    | 0.15%             | 2042-05-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE FINANCIALS IN                     | John Deere Financial Inc                                              | CUSIP: 47788ZAS0<br>LEI: CWQ698NK2DINVLMZRZ97 | Long             | DBT              | CORP              | CA        |     905000 | PA      | $673329.88    | 0.32%             | 2028-07-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ramelius Resources Ltd                       | Ramelius Resources Ltd                                                | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |     110299 | NS      | $284748.54    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                               | Mastercard Inc                                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       1243 | NS      | $707030.83    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                        | Republic Services Inc                                                 | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |        285 | NS      | $65401.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC                               | Lowe's Cos Inc                                                        | CUSIP: 548661EX1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     450000 | PA      | $446276.70    | 0.21%             | 2035-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                     | AT&T Inc                                                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |       3111 | NS      | $87854.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Government Two Year Bonds              | Japan Government Two Year Bonds                                       | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  203050000 | PA      | $1371639.58   | 0.65%             | 2026-01-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                             | Pernod Ricard SA                                                      | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |        864 | NS      | $84953.05     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                       | Asian Development Bank                                                | CUSIP: 000000000<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   37060000 | PA      | $416474.87    | 0.20%             | 2026-10-06      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Holding Corp             | Booz Allen Hamilton Holding Corp                                      | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |       4117 | NS      | $411494.15    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED CHF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CH        |          1 | NC      | $-50.51       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc                                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       4460 | NS      | $1471398.60   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                   | Hexagon AB                                                            | CUSIP: 428263107<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |      18299 | NS      | $217575.11    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                    | Amgen Inc                                                             | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |        412 | NS      | $116266.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Holdings Co Ltd                   | Japan Post Holdings Co Ltd                                            | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |      44000 | NS      | $436824.10    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                         | Bank of America Corp                                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |       5760 | NS      | $297158.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                   | Unum Group                                                            | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |       1397 | NS      | $108658.66    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp                            | Toyota Motor Corp                                                     | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |      21000 | NS      | $401890.72    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoto Financial Group Inc                    | Kyoto Financial Group Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       3600 | NS      | $76435.49     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                                    | Tesla Inc                                                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       2109 | NS      | $937914.48    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $8982.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NMI Holdings Inc                             | NMI Holdings Inc                                                      | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |       1598 | NS      | $61267.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| State of California                          | CALIFORNIA ST                                                         | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     560000 | PA      | $683264.34    | 0.33%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED RON / SOLD USD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | RO        |          1 | NC      | $3132.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD SGD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $1952.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                      | European Bank for Reconstruction & Development                        | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   17060000 | PA      | $380129.82    | 0.18%             | 2027-09-27      | Fixed         | 28.00%                | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED HUF / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | HU        |          1 | NC      | $4623.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED AUD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AU        |          1 | NC      | $1148.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD EUR                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $1686.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                           | Conagra Brands Inc                                                    | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |       8995 | NS      | $164698.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc                   | Mizuho Financial Group Inc                                            | CUSIP: 60687Y109<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |      54713 | NS      | $366577.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                           | Perseus Mining Ltd                                                    | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |      39341 | NS      | $128264.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                    | PG&E Corp                                                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |       6771 | NS      | $102106.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                | Koninklijke Ahold Delhaize NV                                         | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |       7103 | NS      | $287359.79    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mattel Inc                                   | Mattel Inc                                                            | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |       7151 | NS      | $120351.33    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Peru Government International Bonds          | Peru Government International Bonds                                   | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     680000 | PA      | $589900.00    | 0.28%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bandai Namco Holdings Inc                    | Bandai Namco Holdings Inc                                             | CUSIP: 000000000<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |       2300 | NS      | $76452.22     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED DKK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | DK        |          1 | NC      | $-575.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Cycle & Carriage Ltd                 | Jardine Cycle & Carriage Ltd                                          | CUSIP: 000000000<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |       4200 | NS      | $93321.25     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED ILS / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IL        |          1 | NC      | $315.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Synchrony Financial                          | Synchrony Financial                                                   | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       1358 | NS      | $96485.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED SEK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | SE        |          1 | NC      | $-104.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ADOBE INC                                    | Adobe Inc                                                             | CUSIP: 00724PAD1<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |     490000 | PA      | $456047.68    | 0.22%             | 2030-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp                      | SBA Communications Corp                                               | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |       1503 | NS      | $290605.05    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA                            | Bureau Veritas SA                                                     | CUSIP: 12117P109<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |       2372 | NS      | $148273.72    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                        | Antero Midstream Corp                                                 | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       9068 | NS      | $176281.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                     | Flex Ltd                                                              | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |       1627 | NS      | $94317.19     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV                          | Technip Energies NV                                                   | CUSIP: 000000000<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | NL        |       2271 | NS      | $106902.64    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $1557.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                           | Panama Government International Bond                                  | CUSIP: 698299AD6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     395000 | PA      | $428377.50    | 0.20%             | 2027-09-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Corpay Inc                                   | Corpay Inc                                                            | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |        390 | NS      | $112343.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                          | Cal-Maine Foods Inc                                                   | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |        863 | NS      | $81208.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                      | Hungary Government Bond                                               | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |  163630000 | PA      | $415344.80    | 0.20%             | 2031-10-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                  | Goldman Sachs Group Inc/The                                           | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |        593 | NS      | $472235.55    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                                 | Leonardo SpA                                                          | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |       2255 | NS      | $143246.21    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Chemical Group Corp               | Mitsubishi Chemical Group Corp                                        | CUSIP: 000000000<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |      15200 | NS      | $87631.89     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ServiceNow Inc                               | ServiceNow Inc                                                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        390 | NS      | $358909.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                          | Curtiss-Wright Corp                                                   | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |        947 | NS      | $514164.18    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CROATIA                                      | Croatia Government International Bond                                 | CUSIP: 000000000<br>LEI: 74780000O00QGQ7CER13 | Long             | DBT              | NUSS              | HR        |     590000 | PA      | $532574.62    | 0.25%             | 2041-03-04      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd               | Canadian Natural Resources Ltd                                        | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |       3636 | NS      | $116262.13    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $37555.47     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ADOBE INC                                    | Adobe Inc                                                             | CUSIP: 00724PAG4<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |     298000 | PA      | $308139.21    | 0.15%             | 2034-04-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Regis Resources Ltd                          | Regis Resources Ltd                                                   | CUSIP: 000000000<br>LEI: 213800XH9YUXBLYBD749 | Long             | EC               | CORP              | AU        |      29720 | NS      | $118800.26    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc   | Fidelity National Information Services Inc                            | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       1769 | NS      | $116647.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PFANDBRIEF SCHW KANTBK                       | Pfandbriefzentrale der schweizerischen Kantonalbanken AG              | CUSIP: 000000000<br>LEI: 506700TO413KE9G6WX83 | Long             | DBT              | CORP              | CH        |     115000 | PA      | $144672.67    | 0.07%             | 2025-10-30      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| WH Group Ltd                                 | WH Group Ltd                                                          | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |     439500 | NS      | $477702.80    | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| UniCredit SpA                                | UniCredit SpA                                                         | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |       2478 | NS      | $188138.98    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | JP        |          1 | NC      | $-1930.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                      | European Bank for Reconstruction & Development                        | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   14800000 | PA      | $215573.65    | 0.10%             | 2027-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp                             | FirstEnergy Corp                                                      | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |       1953 | NS      | $89486.46     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEENSLAND TREASURY CORP                     | Queensland Treasury Corp                                              | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |     785000 | PA      | $445591.66    | 0.21%             | 2031-03-10      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Hydro One Ltd                                | Hydro One Ltd                                                         | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |       7443 | NS      | $265534.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                 | Comcast Corp                                                          | CUSIP: 20030NEC1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     655000 | PA      | $657903.99    | 0.31%             | 2033-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                      | Charles Schwab Corp/The                                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |       5023 | NS      | $479545.81    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                      | Illinois Tool Works Inc                                               | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       1970 | NS      | $513697.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                          | EssilorLuxottica SA                                                   | CUSIP: 297284200<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |       1210 | NS      | $197230.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                             | Pernod Ricard SA                                                      | CUSIP: 714264306<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |       3833 | NS      | $74973.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                       | F5 Inc                                                                | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       1184 | NS      | $382656.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc                                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       2669 | NS      | $1960060.22   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                   | Pfizer Inc                                                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      17620 | NS      | $448957.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                 | VeriSign Inc                                                          | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |        269 | NS      | $75204.33     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                              | Lundin Gold Inc                                                       | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |       3873 | NS      | $250936.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | GB        |          1 | NC      | $-1521.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                   | Verizon Communications Inc                                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |       8478 | NS      | $372608.10    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Inflation-Indexed Notes                                 | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     353139 | PA      | $363537.15    | 0.17%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                  | Oracle Corp                                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       1896 | NS      | $533231.04    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TUI AG                                       | TUI AG                                                                | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | EC               | CORP              | DE        |      22425 | NS      | $204269.46    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                       | Standard Chartered PLC                                                | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |      43627 | NS      | $845469.91    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | GB        |          1 | NC      | $-1272.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KFW                                          | Kreditanstalt fuer Wiederaufbau                                       | CUSIP: 000000000<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     480000 | PA      | $527821.24    | 0.25%             | 2028-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd               | Fairfax Financial Holdings Ltd                                        | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |        113 | NS      | $197695.19    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| POLAND GOVERNMENT BOND                       | Republic of Poland Government Bond                                    | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    1960000 | PA      | $534977.84    | 0.26%             | 2028-05-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Avery Dennison Corp                          | Avery Dennison Corp                                                   | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |        700 | NS      | $113519.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                    | Argenx SE                                                             | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |        245 | NS      | $180702.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD PEN                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-10138.85    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Autodesk Inc                                 | Autodesk Inc                                                          | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       1759 | NS      | $558781.53    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Government Bonds                   | Singapore Government Bonds                                            | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |     860000 | PA      | $740695.88    | 0.35%             | 2033-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Aon PLC                                      | Aon PLC                                                               | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |       1091 | NS      | $389028.78    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                               | GE Vernova Inc                                                        | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |        223 | NS      | $137122.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Inflation-Indexed Notes                                 | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     398472 | PA      | $399992.89    | 0.19%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED NZD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | NZ        |          1 | NC      | $-2069.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Allstate Corp/The                            | Allstate Corp/The                                                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |        553 | NS      | $118701.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ANA Holdings Inc                             | ANA Holdings Inc                                                      | CUSIP: 000000000<br>LEI: 5493008IRKIY0G3TE305 | Long             | EC               | CORP              | JP        |       8200 | NS      | $158697.46    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD GBP                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $4373.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $-534.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORP                     | Queensland Treasury Corp                                              | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |     255000 | PA      | $169693.58    | 0.08%             | 2034-02-02      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Chugoku Electric Power Co Inc/The            | Chugoku Electric Power Co Inc/The                                     | CUSIP: 000000000<br>LEI: 353800MV866ELME96Q46 | Long             | EC               | CORP              | JP        |      18300 | NS      | $104416.92    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                          | Cardinal Health Inc                                                   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       2913 | NS      | $457224.48    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                | PURCHASED AUD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | AU        |          1 | NC      | $1159.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc                           | Sompo Holdings Inc                                                    | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |       5700 | NS      | $176042.92    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                            | Kinross Gold Corp                                                     | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |      30932 | NS      | $767687.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INT LLC / EMC CORP                      | Dell International LLC / EMC Corp                                     | CUSIP: 24703TAG1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     297000 | PA      | $306683.56    | 0.15%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions Inc                       | Skyworks Solutions Inc                                                | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       1466 | NS      | $112852.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                             | Altria Group Inc                                                      | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |       5328 | NS      | $351967.68    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp                     | Mitsubishi Electric Corp                                              | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |      24100 | NS      | $627405.96    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                   | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     630000 | PA      | $644568.75    | 0.31%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AIB Group PLC                                | AIB Group PLC                                                         | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |      16125 | NS      | $146338.04    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity PLC                          | TE Connectivity PLC                                                   | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       1508 | NS      | $331051.24    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $18668.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                 | Barclays PLC                                                          | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     115686 | NS      | $593214.40    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                     | Simon Property Group Inc                                              | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |       1685 | NS      | $316223.95    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                        | Euronet Worldwide Inc                                                 | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |       1009 | NS      | $88600.29     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD DKK                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $2143.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD SGD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $350.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| U.K. Gilts                                   | U.K. Gilts                                                            | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     355000 | PA      | $399453.96    | 0.19%             | 2054-07-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Seneca Foods Corp                            | Seneca Foods Corp                                                     | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        854 | NS      | $92180.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD NOK                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-7894.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Maplebear Inc                                | Maplebear Inc                                                         | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       3992 | NS      | $146745.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                 | Docusign Inc                                                          | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |       1608 | NS      | $115920.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                   | U.K. Gilts                                                            | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1110000 | PA      | $1138366.57   | 0.54%             | 2033-07-31      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| ASM International NV                         | ASM International NV                                                  | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |        361 | NS      | $216961.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED NOK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | NO        |          1 | NC      | $1485.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TELSTRA GROUP LTD                            | Telstra Group Ltd                                                     | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | DBT              | CORP              | AU        |    1000000 | PA      | $662090.35    | 0.32%             | 2027-04-19      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                           | CUSIP: 713448EP9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     355000 | PA      | $238239.12    | 0.11%             | 2049-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The             | Bank of New York Mellon Corp/The                                      | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |       2468 | NS      | $268913.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                      | PTC Inc                                                               | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       1449 | NS      | $294175.98    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Technologies Engineering Ltd       | Singapore Technologies Engineering Ltd                                | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |      15600 | NS      | $104274.06    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |        766 | NS      | $121763.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | JP        |          1 | NC      | $-51289.08    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                          | Kimberly-Clark Corp                                                   | CUSIP: 494368BZ5<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |      88000 | PA      | $85790.69     | 0.04%             | 2029-04-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                                        | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     170000 | PA      | $169399.95    | 0.08%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Japan Government Twenty Year Bonds           | Japan Government Twenty Year Bonds                                    | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   71500000 | PA      | $375357.47    | 0.18%             | 2040-12-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $2993.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                           | Banco Santander SA                                                    | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |      10436 | NS      | $109069.67    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-621.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                        | Tenet Healthcare Corp                                                 | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       1214 | NS      | $246490.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                   | CF Industries Holdings Inc                                            | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       1454 | NS      | $130423.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Government International Bonds     | Abu Dhabi Government International Bonds                              | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |     400000 | PA      | $424050.00    | 0.20%             | 2034-04-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| QUALCOMM Inc                                 | QUALCOMM Inc                                                          | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       4029 | NS      | $670264.44    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                                      | CGI Inc                                                               | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |       1202 | NS      | $107063.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROPEAN UNION                               | European Union                                                        | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |     355000 | PA      | $414784.90    | 0.20%             | 2033-02-04      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Republic of Colombia                         | Colombia Government International Bond                                | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  134000000 | PA      | $33649.88     | 0.02%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                      | International Bank for Reconstruction & Development                   | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    7700000 | PA      | $761438.01    | 0.36%             | 2026-03-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Neurocrine Biosciences Inc                   | Neurocrine Biosciences Inc                                            | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |        562 | NS      | $78893.56     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NZ LOCAL GOVT FUND AGENC                     | New Zealand Local Government Funding Agency Bond                      | CUSIP: 000000000<br>LEI: 254900ZJG39H1CAH6K02 | Long             | DBT              | NUSS              | NZ        |    1135000 | PA      | $493715.77    | 0.24%             | 2037-04-15      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED RON / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | RO        |          1 | NC      | $-583.17      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $205.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF DENMARK                           | Denmark Government Bond                                               | CUSIP: 000000000<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |    3710000 | PA      | $511235.50    | 0.24%             | 2031-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Exelixis Inc                                 | Exelixis Inc                                                          | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |       2009 | NS      | $82971.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd                     | United Overseas Bank Ltd                                              | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |       7300 | NS      | $195836.69    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Activia Properties Inc                       | Activia Properties Inc                                                | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |        125 | NS      | $113829.43    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ADT Inc                                      | ADT Inc                                                               | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      40720 | NS      | $354671.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                             | HealthEquity Inc                                                      | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |       1687 | NS      | $159876.99    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED USD / SOLD NZD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $10275.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                     | Ameriprise Financial Inc                                              | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |        610 | NS      | $299662.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                           | HCA Healthcare Inc                                                    | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |        645 | NS      | $274899.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc                     | Sony Financial Group Inc                                              | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |       3800 | NS      | $4214.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                     | Torex Gold Resources Inc                                              | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |       3458 | NS      | $143716.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp                                  | Terumo Corp                                                           | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |       6700 | NS      | $110575.35    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| KLA Corp                                     | KLA Corp                                                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        321 | NS      | $346230.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                 | AES Corp                                                              | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      11970 | NS      | $157525.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                        | Northrop Grumman Corp                                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |        344 | NS      | $209606.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The             | Hartford Insurance Group Inc/The                                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       5021 | NS      | $669751.19    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                          | Electronic Arts Inc                                                   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       1149 | NS      | $231753.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED ILS / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | IL        |          1 | NC      | $3015.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| McKesson Corp                                | McKesson Corp                                                         | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        153 | NS      | $118198.62    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED GBP / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |          1 | NC      | $-3913.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hess Midstream LP                            | Hess Midstream LP                                                     | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       6670 | NS      | $230448.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                | Kroger Co/The                                                         | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |       3361 | NS      | $226565.01    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED PEN / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | PE        |          1 | NC      | $11742.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                      | Inter-American Development Bank                                       | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        | 8640000000 | PA      | $516301.36    | 0.25%             | 2026-11-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Pinterest Inc                                | Pinterest Inc                                                         | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       7721 | NS      | $248384.57    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc                   | Mizuho Financial Group Inc                                            | CUSIP: 000000000<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |       6700 | NS      | $224248.60    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                      | European Bank for Reconstruction & Development                        | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        | 9380000000 | PA      | $552710.32    | 0.26%             | 2028-02-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                          | Ashtead Capital Inc                                                   | CUSIP: 000000000<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    1295000 | PA      | $1277180.55   | 0.61%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Apple Inc                                    | Apple Inc                                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      15029 | NS      | $3826834.27   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                 | Danaher Corp                                                          | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       1330 | NS      | $263685.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |          1 | NC      | $-1623.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                    | KDDI Corp                                                             | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |      12900 | NS      | $206703.55    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Lennox International Inc                     | Lennox International Inc                                              | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |        164 | NS      | $86815.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                | Regeneron Pharmaceuticals Inc                                         | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |        134 | NS      | $75344.18     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CZECH REPUBLIC                               | Czech Republic Government Bond                                        | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |   10130000 | PA      | $486112.58    | 0.23%             | 2027-11-19      | Floating      | 3.36%                 | Yes           |                  2 | On Loan: No      |
| Toyota Boshoku Corp                          | Toyota Boshoku Corp                                                   | CUSIP: 000000000<br>LEI: 529900KS87U6EY7PWG26 | Long             | EC               | CORP              | JP        |       5800 | NS      | $96093.60     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED NOK / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | NO        |          1 | NC      | $-489.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ESTONIA                          | Estonia Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900EIG0O7C6C9R437 | Long             | DBT              | NUSS              | EE        |      70000 | PA      | $82386.54     | 0.04%             | 2034-01-17      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Automatic Data Processing Inc                | Automatic Data Processing Inc                                         | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |        271 | NS      | $79538.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA GOVERNMENT BOND                      | Romania Government Bond                                               | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    3230000 | PA      | $748170.73    | 0.36%             | 2026-10-28      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                      | Hungary Government International Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     471000 | PA      | $448769.18    | 0.21%             | 2035-06-05      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| Nasdaq Inc                                   | Nasdaq Inc                                                            | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      10738 | NS      | $949776.10    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                  | Equifax Inc                                                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |        836 | NS      | $214459.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                  | Novartis AG                                                           | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      15192 | NS      | $1953547.30   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                          | Kimberly-Clark Corp                                                   | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       4164 | NS      | $517751.76    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                         | Urban Outfitters Inc                                                  | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |       1106 | NS      | $79001.58     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                         | Deckers Outdoor Corp                                                  | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |        687 | NS      | $69641.19     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $6160.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Encompass Health Corp                        | Encompass Health Corp                                                 | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       1334 | NS      | $169444.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN HARBORS INC                            | Clean Harbors Inc                                                     | CUSIP: 000000000<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     340000 | PA      | $339714.81    | 0.16%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Ireland Government Bonds                     | Ireland Government Bonds                                              | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |    1015000 | PA      | $1123807.04   | 0.54%             | 2031-03-18      | Fixed         | 1.35%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                   | CUSIP: 025816DZ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     325000 | PA      | $338024.39    | 0.16%             | 2036-01-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                  | PURCHASED JPY / SOLD USD                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |          1 | NC      | $-42965.56    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                              | McDonald's Corp                                                       | CUSIP: 580135CF6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     445000 | PA      | $340143.46    | 0.16%             | 2031-05-21      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| HOUSING NEW ZEALAND LTD                      | Housing New Zealand Ltd                                               | CUSIP: 000000000<br>LEI: 254900JDUJGPMP204P63 | Long             | DBT              | NUSS              | NZ        |     590000 | PA      | $343647.09    | 0.16%             | 2028-10-18      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED USD / SOLD CAD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |          1 | NC      | $2919.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED AUD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AU        |          1 | NC      | $9127.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                         | Booking Holdings Inc                                                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        118 | NS      | $637113.86    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                             | McGrath RentCorp                                                      | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |       1702 | NS      | $199644.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC           | Coca-Cola Europacific Partners PLC                                    | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       3256 | NS      | $294374.96    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                               | Merck & Co Inc                                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      20010 | NS      | $1679439.30   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                         | Colgate-Palmolive Co                                                  | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |       4693 | NS      | $375158.42    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MEIJI Holdings Co Ltd                        | MEIJI Holdings Co Ltd                                                 | CUSIP: 000000000<br>LEI: 5299002D52YIP6DWMV49 | Long             | EC               | CORP              | JP        |       6700 | NS      | $138919.08    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P Global Inc                               | S&P Global Inc                                                        | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |        818 | NS      | $398128.78    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                      | CRH PLC                                                               | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |       1294 | NS      | $155150.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                              | Morningstar Inc                                                       | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |        924 | NS      | $214377.24    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                               | Eli Lilly & Co                                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        980 | NS      | $747740.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP AG                       | Mercedes-Benz Group AG                                                | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | DBT              | CORP              | DE        |     580000 | PA      | $613735.70    | 0.29%             | 2030-09-10      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| TreeHouse Foods Inc                          | TreeHouse Foods Inc                                                   | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |       4415 | NS      | $89227.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                          | Global Payments Inc                                                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |       8366 | NS      | $695047.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                  | Wix.com Ltd                                                           | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |        864 | NS      | $153472.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                               | Amazon.com Inc                                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      18569 | NS      | $4077195.33   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Norway Government Bonds                      | Norway Government Bonds                                               | CUSIP: 000000000<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |    4290000 | PA      | $419690.10    | 0.20%             | 2035-06-12      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Israel Government Bonds - Fixed              | Israel Government Bonds - Fixed                                       | CUSIP: 000000000<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    2650000 | PA      | $785853.99    | 0.37%             | 2027-03-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Republika Slovenija                          | Slovenia Government Bond                                              | CUSIP: 000000000<br>LEI: 485100000LWQHIX4XX88 | Long             | DBT              | NUSS              | SI        |     450000 | PA      | $461113.54    | 0.22%             | 2035-03-25      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED CAD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CA        |          1 | NC      | $-4203.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                       | PURCHASED USD / SOLD AUD                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-9959.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                           | Royalty Pharma PLC                                                    | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |       3892 | NS      | $137309.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP AG                       | Mercedes-Benz Group AG                                                | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | DBT              | CORP              | DE        |       5000 | PA      | $5290.82      | 0.00%             | 2030-09-10      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| HSBC Bank USA NA                             | PURCHASED EUR / SOLD USD                                              | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |          1 | NC      | $-4161.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DTE Energy Co                                | DTE Energy Co                                                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |        596 | NS      | $84292.28     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED USD / SOLD DKK                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |          1 | NC      | $61.16        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                                                | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |        565 | NS      | $258368.85    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                   | Stride Inc                                                            | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |        621 | NS      | $92491.74     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                                   | Denso Corp                                                            | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |       8300 | NS      | $119524.92    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                      | Bristol-Myers Squibb Co                                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |       5543 | NS      | $249989.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                  | PURCHASED USD / SOLD JPY                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $525.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes Inc                         | Invitation Homes Inc                                                  | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |       2406 | NS      | $70567.98     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                             | Clear Secure Inc                                                      | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5288 | NS      | $176513.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                  | Genpact Ltd                                                           | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |       2772 | NS      | $116119.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa                        | Lottomatica Group Spa                                                 | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |       3891 | NS      | $105149.48    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                 | UBS Group AG                                                          | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     290000 | PA      | $365593.55    | 0.17%             | 2032-03-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| RenaissanceRe Holdings Ltd                   | RenaissanceRe Holdings Ltd                                            | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |       2805 | NS      | $712273.65    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc             | American International Group Inc                                      | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       2126 | NS      | $166976.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                           | Qantas Airways Ltd                                                    | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |      69488 | NS      | $503858.68    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                     | PURCHASED AUD / SOLD USD                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | AU        |          1 | NC      | $283.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Loblaw Cos Ltd                               | Loblaw Cos Ltd                                                        | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      17809 | NS      | $688839.89    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Panama Government International Bonds        | Panama Government International Bonds                                 | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     685000 | PA      | $674040.00    | 0.32%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Kirin Holdings Co Ltd                        | Kirin Holdings Co Ltd                                                 | CUSIP: 000000000<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |       8800 | NS      | $129035.61    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                          | Gilead Sciences Inc                                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       4182 | NS      | $464202.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GOVT OF BERMUDA                              | Bermuda Government International Bond                                 | CUSIP: 085209AG9<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    1360000 | PA      | $1233860.00   | 0.59%             | 2030-08-20      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                      | Mexican Bonos                                                         | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    7500000 | PA      | $386215.09    | 0.18%             | 2036-02-21      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN UNION                               | European Union                                                        | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |     640000 | PA      | $551604.69    | 0.26%             | 2037-02-04      | Fixed         | 0.40%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings PLC                            | HSBC Holdings PLC                                                     | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |      46412 | NS      | $655094.20    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                | AIA Group Ltd                                                         | CUSIP: 001317205<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |       3760 | NS      | $144496.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                    | Brinker International Inc                                             | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |        875 | NS      | $110845.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-04

**Name of Applicant:** LAZARD RETIREMENT SERIES INC

**Signature:** Christina Kennedy

**Name of Signer:** Christina Kennedy

**Title:** Chief Financial Officer