# EDGAR Filing Document

**Accession Number:** 0001444822
**File Stem:** 0001752724-23-043539
**Filing Date:** 2023-2
**Character Count:** 285840
**Document Hash:** f2c6a0c9491c59f98b1d83f002a86e19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043539.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043539

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AQR Funds
- **CENTRAL INDEX KEY:** 0001444822
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22235
- **FILM NUMBER:** 23675339

**BUSINESS ADDRESS:**
- **STREET 1:** ONE GREENWICH PLAZA
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-742-3600

**MAIL ADDRESS:**
- **STREET 1:** ONE GREENWICH PLAZA
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Series and Classes Contracts Data

### AQR Emerging Multi-Style II Fund (Series ID: S000048055)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000151790 | Class I      | QTELX           |
| C000151791 | Class N      | QTENX           |
| C000151792 | Class R6     | QTERX           |

## Nport-Ex

Schedule of Investments

December 31, 2022 (Unaudited)

AQR LARGE CAP MULTISTYLE FUND

| INVESTMENTS | SHARES | VALUE (B) | INVESTMENTS | SHARES | VALUE (B) |
| --- | --- | --- | --- | --- | --- |
| COMMON STOCKS - 84.5% |  |  | Chemicals - 5.8% (continued) |  |  |
| Agri-Funds - 5.8% |  |  | Lowest/Based Industries Wt. Class |  |  |
| Agri-Funds - 5.8% |  |  | Moisture Co. (The) |  |  |
| Agri-Funds - 5.8% |  |  | Oil Corp. |  |  |
| Carbohydrates Corp. | 7,305 | 1,228,801 |  |  |  |
| General Dynamics Corp. | 4,028 | 998,397 |  |  |  |
| Hayward Energy, Inc. | -0,078 | 1,576,306 |  |  |  |
| Huntington-Ingalls Industries, Inc. | 18,118 | 3,718,331 |  |  |  |
| Lockheed Martin Corp. | 1,247 | 666,650 |  |  |  |
|  |  |  | Commercial Services & Supplies - 5.8% |  |  |

See notes to Schedule of Investments.

(Continued)

AQR Funds | N-PORT Part F | December 2022

1

See notes to Schedule of Investments.

(Continued)

AQR Funds | N-PORT Part F | December 2022

8

| INVESTMENTS | SHARES | VALUE (R) | INVESTMENTS | SHARES | VALUE (R) |
| --- | --- | --- | --- | --- | --- |
| Food & Staples Retailing - 3.0% (continued) | 99,357 | 16,824,600 | ITW/AG/AG - 2.0% | 1,331 | 543,466 |
| Walnut, Inc. |  |  | AG/AG - 2.0% | 13,142 | 1,617,347 |
| Automobiles - 0.0% |  | 12,001,574 | AG/AG - 2.0% | 13,142 | 1,617,347 |
| Food Products - 1.0% | 37,048 | 1,246,236 | AG/AG - 2.0% | 12,302 | 1,207,413 |
| Foods, Inc. | 53,124 | 5,543,814 | AG/AG - 2.0% | 12,302 | 1,207,413 |
| Action Canada Midland Co. | 10,000 | 1,018,000 | AG/AG - 2.0% | 12,302 | 1,207,413 |
| Flowers Foods, Inc. | 10,214 | 7,788,600 | AG/AG - 2.0% | 12,302 | 1,207,413 |

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR LARGE CAP MULTISTYLE FUND[{"box_2d": [10, 54, 469, 110], "label": "table", "caption": "

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| SUBDIVISION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Depreciation | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

<table><thead><tr><th>SUBDIVISION</th><th>1st Qtr</th><th>2nd Qtr</th><th>3rd Qtr</th></tr></thead><tr><td>Depreciation</td><td>1,000,000

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP MULTISTYLE FUND

|  | 1st Qtr | 1st Qtr 2022 | 1st Qtr 2021 | 1st Qtr 2020 |
| --- | --- | --- | --- | --- |
| Cash and Bank | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Debtors | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Other | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Inventories | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Other | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Inventories | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Other | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

![img-0.jpeg](img-0.jpeg)

See notes to Schedule of Investments.

AQR Funds | N-PORT Part F | December 2022

4

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITALS STYLE FUND

| REVENUE | 2,000,000 | 2,000,000 | REVENUE | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- | --- |
| REVENUE | 2,000,000 | 2,000,000 | REVENUE | 2,000,000 | 2,000,000 |
| REVENUE | 2,000,000 | 2,000,000 | REVENUE | 2,000,000 | 2,000,000 |
| REVENUE | 2,000,000 | 2,000,000 | REVENUE | 2,000,000 | 2,000,000 |

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

9

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR SMALL CAP MULTI-STYLE FUND

| ASSET | 1 | 2 | 3 | 4 | 5 | 6 |
| --- | --- | --- | --- | --- | --- | --- |
| ASSET (1) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (2) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (3) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (4) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (5) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (6) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (7) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (8) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (9) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| ASSET (10) | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

6

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP MULTI-STYLE FUND

| ASSOCIATES, Inc. and its respective ASC | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| ASSOCIATES, Inc. and its respective ASC | 1,000,000 | 1,000,000 |
| ASSOCIATES, Inc. and its respective ASC | 1,000,000 | 1,000,000 |
| ASSOCIATES, Inc. and its respective ASC | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AOR Funds | N-PORT Part F | December 2022

7

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITALS STYLE FUND

| RETAIL | RETAIL | RETAIL | RETAIL |
| --- | --- | --- | --- |
| 1.0% | 1.0% | 1.0% | 1.0% |
| 1.0% | 1.0% | 1.0% | 1.0% |
| 1.0% | 1.0% | 1.0% | 1.0% |
| 1.0% | 1.0% | 1.0% | 1.0% |
| 1.0% | 1.0% | 1.0% | 1.0% |
| 1.0% | 1.0% | 1.0% | 1.0% |

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

8

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITALS STYLE FUND

| Investment Name | Value | Total |
| --- | --- | --- |
| AMERICAN EXPRESS, Inc. | $0.00 | $0.00 |
| AMERICAN EXPRESS, Inc. | $0.00 | $0.00 |
| AMERICAN EXPRESS, Inc. | $0.00 | $0.00 |
| AMERICAN EXPRESS, Inc. | $0.00 | $0.00 |
| AMERICAN EXPRESS, Inc. | $0.00 | $0.00 |
| AMERICAN EXPRESS, Inc. | $0.00 | $0.00 |

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)

9

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITALS STYLE FUND

| REVENUE | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| REVENUE | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr | 6th Qtr |  |
| REVENUE | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr | 6th Qtr |  |
| REVENUE | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr | 6th Qtr | 7th Qtr |
| REVENUE | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr | 6th Qtr | 7th Qtr |

---

---

---

---

---

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

10

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITAL'S STYLE FUND

![img-0.jpeg](img-0.jpeg)

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)
11

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITALS STYLE FUND

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cost of sales | $1,000,000 | $1,000,000 |
| Gross profit | $1,000,000 | $1,000,000 |
| Operating income | $1,000,000 | $1,000,000 |
| Net income | $1,000,000 | $1,000,000 |

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

12

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAPITALS STYLE FUND

| At securities are United States companies, unless stated otherwise in the following section. | 12,000 | 10,000 |
| --- | --- | --- |
| At securities are United States companies, unless stated otherwise in the following section. | 12,000 | 10,000 |
| At securities are United States companies, unless stated otherwise in the following section. | 12,000 | 10,000 |
| At securities are United States companies, unless stated otherwise in the following section. | 12,000 | 10,000 |

See notes to Schedule of Investments.

AOR Funds | N-PORT Part F | December 2022

13

Schedule of Investments

December 31, 2022

# AOR INTERNATIONAL MULTI-STYLE FUND

| Investments, Liabilities and other liabilities | 2022 | 2021 |
| --- | --- | --- |
| Investments, Liabilities and other liabilities | 2022 | 2021 |
| Investments, Liabilities and other liabilities | 2022 | 2021 |
| Investments, Liabilities and other liabilities | 2022 | 2021 |
| Investments, Liabilities and other liabilities | 2022 | 2021 |

14

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)

Schedule of Investments

December 31, 2022

# AOR INTERNATIONAL MULTI-ETYLE FUND

| REVENUE | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| REVENUE | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| REVENUE | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)
15

Schedule of Investments

December 31, 2022

# AOR INTERNATIONAL MULTI-STYLE FUND

| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |

16

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)

Schedule of Investments

December 31, 2022

# AQR INTERNATIONAL MULTI-STYLE FUND

| Unit: RCT | 30,000 | In 1,000,000 | Balance (in millions) (in €) | 107,000 | 4,773,000 |
| --- | --- | --- | --- | --- | --- |
| Balance (in €) | 30,000 | In 1,000,000 | Balance (in millions) (in €) | 107,000 | 4,773,000 |
| Balance (in €) | 30,000 | In 1,000,000 | Balance (in millions) (in €) | 107,000 | 4,773,000 |
| Balance (in €) | 30,000 | In 1,000,000 | Balance (in millions) (in €) | 107,000 | 4,773,000 |

![img-1.jpeg](img-1.jpeg)

Securities in Schedule of Investments
AQR Funds | N-PORT Part F | December 2022

17

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR OWNERS MULTISTYLE FUNDS

| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 |
| 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 |
| 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
| 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
| 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 |
| 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 |
| 9,000,000 | 9,000,000 | 9,000,000 | 9,000,000 |
| 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

18

Schedule of Investments

December 31, 2022 (Unaudited)

# AOF EMERGING MULTI-STYLE FUNDS

| DESCRIPTION | QUANTITY | UNIT | PRICE | AMOUNT |
| --- | --- | --- | --- | --- |
| AMERICAN EXPRESS LIMITED | 1 | EA | 1.00 | 1.00 |
| AMERICAN EXPRESS LIMITED | 1 | EA | 1.00 | 1.00 |
| AMERICAN EXPRESS LIMITED | 1 | EA | 1.00 | 1.00 |
| AMERICAN EXPRESS LIMITED | 1 | EA | 1.00 | 1.00 |
| AMERICAN EXPRESS LIMITED | 1 | EA | 1.00 | 1.00 |
| AMERICAN EXPRESS LIMITED | 1 | EA | 1.00 | 1.00 |

See notes to Schedule of Investments.
AOF Funds | N-PORT Part F | December 2022

(Continued)
19

Schedule of Investments

December 31, 2022 (Unaudited)

# AOF OWNERSHIP MULTI-STYLE, LIFO

| Total AOF (LIFO) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total AOF (LIFO) | 1,000,000 | 1,000,000 |
| Total AOF (LIFO) | 1,000,000 | 1,000,000 |
| Total AOF (LIFO) | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments

(Continued)

AOF Funds | N-PORT Part F | December 2022

20

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR EMERGING MULTI-STYLE FUNDS

![img-0.jpeg](img-0.jpeg)

See notes to Schedule of Investments.
AQR Funds | N-PORT Part F | December 2022

(Continued)
21

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR EMERGING MULTI-STYLE X-FUND

| 1. 2023-2024 | 1. 2023-2024 | 1. 2023-2024 | 1. 2023-2024 |
| --- | --- | --- | --- |
| 2. 2023-2024 | 2. 2023-2024 | 2. 2023-2024 | 2. 2023-2024 |
| 3. 2023-2024 | 3. 2023-2024 | 3. 2023-2024 | 3. 2023-2024 |
| 4. 2023-2024 | 4. 2023-2024 | 4. 2023-2024 | 4. 2023-2024 |
| 5. 2023-2024 | 5. 2023-2024 | 5. 2023-2024 | 5. 2023-2024 |
| 6. 2023-2024 | 6. 2023-2024 | 6. 2023-2024 | 6. 2023-2024 |
| 7. 2023-2024 | 7. 2023-2024 | 7. 2023-2024 | 7. 2023-2024 |
| 8. 2023-2024 | 8. 2023-2024 | 8. 2023-2024 | 8. 2023-2024 |
| 9. 2023-2024 | 9. 2023-2024 | 9. 2023-2024 | 9. 2023-2024 |
| 10. 2023-2024 | 10. 2023-2024 | 10. 2023-2024 | 10. 2023-2024 |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

22

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR EMERGING MULTI-STYLE FUNDS

| Net Investment (Net Investment) as of December 31, 2022 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Net Investment (Net Investment) as of December 31, 2021 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| Net Investment (Net Investment) as of December 31, 2020 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| Net Investment (Net Investment) as of December 31, 2019 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| Net Investment (Net Investment) as of December 31, 2018 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| Net Investment (Net Investment) as of December 31, 2017 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| Net Investment (Net Investment) as of December 31, 2016 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |
| Net Investment (Net Investment) as of December 31, 2015 | 2,000,000 | Net Investment (Net Investment) | 24,467,000 | 2,000,000 |

See notes to Schedule of Investments.

AQR Funds | N-PORT Part F | December 2022

23

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP MOMENTUM STYLE FUND

| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

24

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP MOMENTUM STYLE FUND

| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AQR Funds | N-PORT Part F | December 2022

25

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP INVENTION STYLE FUND

| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

26

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP INVENTION STYLE FUND

| Bank of India, India | 1,000,000 | 1,000,000 | Bank of India, India | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Bank of India, India | 1,000,000 | 1,000,000 | Bank of India, India | 1,000,000 | 1,000,000 |
| Bank of India, India | 1,000,000 | 1,000,000 | Bank of India, India | 1,000,000 | 1,000,000 |
| Bank of India, India | 1,000,000 | 1,000,000 | Bank of India, India | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AQR Funds | N-PORT Part F | December 2022

27

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR LARGE CAP INVENTION STYLE FUND

| Balance at December 31, 2022 | 1,000,000 | 1,000,000 | Balance at December 31, 2022 | 1,000,000 |
| --- | --- | --- | --- | --- |
| Balance at December 31, 2021 | 1,000,000 | 1,000,000 | Balance at December 31, 2021 | 1,000,000 |
| Balance at December 31, 2020 | 1,000,000 | 1,000,000 | Balance at December 31, 2020 | 1,000,000 |
| Balance at December 31, 2019 | 1,000,000 | 1,000,000 | Balance at December 31, 2019 | 1,000,000 |
| Balance at December 31, 2018 | 1,000,000 | 1,000,000 | Balance at December 31, 2018 | 1,000,000 |
| Balance at December 31, 2017 | 1,000,000 | 1,000,000 | Balance at December 31, 2017 | 1,000,000 |
| Balance at December 31, 2016 | 1,000,000 | 1,000,000 | Balance at December 31, 2016 | 1,000,000 |
| Balance at December 31, 2015 | 1,000,000 | 1,000,000 | Balance at December 31, 2015 | 1,000,000 |
| Balance at December 31, 2014 | 1,000,000 | 1,000,000 | Balance at December 31, 2014 | 1,000,000 |
| Balance at December 31, 2013 | 1,000,000 | 1,000,000 | Balance at December 31, 2013 | 1,000,000 |
| Balance at December 31, 2012 | 1,000,000 | 1,000,000 | Balance at December 31, 2012 | 1,000,000 |

---

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---

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---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

See notes to Schedule of Investments.

AOR Funds | N-PORT Part F | December 2022

28

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INVENTORY STYLE FUND

| Schedule of Investments | December 31, 2022 | 2021 |
| --- | --- | --- |
| Net Income | $1,000,000 | $1,000,000 |
| Net Income (losses) - 0.12% of net income | 1,000,000 | 1,000,000 |
| Net Income (losses) - 0.0% | 1,000,000 | 1,000,000 |
| Net Income (losses) - 0.0% | 1,000,000 | 1,000,000 |
| Net Income (losses) - 0.0% | 1,000,000 | 1,000,000 |
| Net Income (losses) - 0.0% | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)
29

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INVENTORY STYLE FUND[{"box_2d": [10, 54, 469, 110], "label": "table", "caption": "

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

<table><thead><tr><th>DESCRIPTION</th><th>1st Qtr</th><th>2nd Qtr</th><th>3rd Qtr</th></thead><tr><td

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INOMENIUM STYLE FUND[{"box_2d": [10, 54, 469, 110], "label": "table", "caption": "

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
| --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 5th Qtr |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| DESCRIPTION | 1st Qtr | 2nd Qtr | 3rd Qtr |  |  |
| --- | --- | --- | --- | --- | --- |
| Investment in the Company | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

<table><thead><tr><th>DESCRIPTION</th><

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INVENTORY STYLE FUND

| INVESTMENTS | 2022 | 2021 | 2020 | 2019 |
| --- | --- | --- | --- | --- |
| EBITDA | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| EBITDA (EBITDA) | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| EBITDA (EBITDA) | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| EBITDA (EBITDA) | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

32

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INOMENON STYLE FUND

| Fund | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
| --- | --- | --- | --- | --- |
| 1. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 2. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 4. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 5. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 6. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 7. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 8. AOR | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)

33

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INOMENIUM STYLE FUND

| ASSETS | 1st Qtr 2022 | 2nd Qtr 2021 | 2nd Qtr 2020 | 2nd Qtr 2019 |
| --- | --- | --- | --- | --- |
| Net Assets | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

34

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INOMENIUM STYLE FUND

| Total | 1,000,000 | 1,000,000 | Total | 1,000,000 |
| --- | --- | --- | --- | --- |
| Total | 1,000,000 | 1,000,000 | Total | 1,000,000 |
| Total | 1,000,000 | 1,000,000 | Total | 1,000,000 |
| Total | 1,000,000 | 1,000,000 | Total | 1,000,000 |

Securities in Schedule of Investments
AOR Funds | N-PORT Part F | December 2022

(Continued)
35

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INNOVATION STYLE FUND

| Balance at December 31, 2022 | 1,000,000 | 1,000,000 | Balance at December 31, 2022 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Balance at December 31, 2021 | 1,000,000 | 1,000,000 | Balance at December 31, 2021 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2020 | 1,000,000 | 1,000,000 | Balance at December 31, 2020 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2019 | 1,000,000 | 1,000,000 | Balance at December 31, 2019 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2018 | 1,000,000 | 1,000,000 | Balance at December 31, 2018 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2017 | 1,000,000 | 1,000,000 | Balance at December 31, 2017 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2016 | 1,000,000 | 1,000,000 | Balance at December 31, 2016 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2015 | 1,000,000 | 1,000,000 | Balance at December 31, 2015 | 1,000,000 | 1,000,000 |
| Balance at December 31, 2014 | 1,000,000 | 1,000,000 | Balance at December 31, 2014 | 1,000,000 | 1,000,000 |

---

---

---

---

---

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

36

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INNOVATION STYLE FUND

| Fund | Value | Total Funds | Value | Total Funds |
| --- | --- | --- | --- | --- |
| 1. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 2. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 3. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 4. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 5. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 6. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 7. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 8. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| 9. AOR | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |

See notes to Schedule of Investments.

(Continued)

AOR Funds | N-PORT Part F | December 2022

37

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR SMALL CAP INOMENIUM STYLE FUND

| Name | Amount | Amount |
| --- | --- | --- |
| 1. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 2. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 3. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 4. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 5. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 6. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 7. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 8. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 9. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |
| 10. The Company's Shareholders' Equity | $1,000,000 | $1,000,000 |

Securities in Schedule of Investments

AOR Funds | N-PORT Part F | December 2022

30

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL MOMENTUM OFFICE FUND

REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992

REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992

REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992

REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992
REVENUE OF THE 1992

Securities in Schedule of Investments
AQP Funds | N-PORT Part F | December 2022

(Continued)
39

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR INTERNATIONAL MOMENTUM OFFICE FUND

| International | 1,000,000 | 4,000,000 | International | 1,000,000 | 4,000,000 |
| --- | --- | --- | --- | --- | --- |
| International | 1,000,000 | 4,000,000 | International | 1,000,000 | 4,000,000 |
| International | 1,000,000 | 4,000,000 | International | 1,000,000 | 4,000,000 |
| International | 1,000,000 | 4,000,000 | International | 1,000,000 | 4,000,000 |

See notes to Schedule of Investments.

(Continued)

AQP Funds | N-PORT Part F | December 2022

40

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL MOMENTUM STYLE FUND

| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments
AQP Funds | N-PORT Part F | December 2022

(Continued)
41

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL MOMENTUM OFFICE FUND

| REVENUE | 1,000,000 | 1,000,000 | REVENUE | 1,000,000 |
| --- | --- | --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 |
| LIABILITIES | 1,000,000 | 1,000,000 | LIABILITIES | 1,000,000 |
| LIABILITIES AND CASH FLOW | 1,000,000 | 1,000,000 | LIABILITIES | 1,000,000 |
| LIABILITIES AND CASH FLOW IN SECURITIES | 1,000,000 | 1,000,000 | LIABILITIES | 1,000,000 |
| LIABILITIES AND CASH FLOW IN SECURITIES | 1,000,000 | 1,000,000 | LIABILITIES | 1,000,000 |
| LIABILITIES AND CASH FLOW IN SECURITIES | 1,000,000 | 1,000,000 | LIABILITIES | 1,000,000 |

Securities in Schedule of Investments

(Continued)

AQP Funds | N-PORT Part F | December 2022

42

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL MOMENTUM OFFICE EURO

| NUMBER OF | EXPIRATION | TRADING | NOTIONAL | VALUE AND UNREALIZED APPROXIMATION |
| --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

See notes to Schedule of Investments.

AQP Funds | N-PORT Part F | December 2022

43

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR LARGE CAP DEFENSIVE STYLE FUND

| Depreciation of the 1st and 2nd of net assets | 1,000,000 | Depreciation of the 1st and 2nd of net assets | 1,000,000 |
| --- | --- | --- | --- |
| Depreciation of the 1st and 2nd of net assets | 1,000,000 | Depreciation of the 1st and 2nd of net assets | 1,000,000 |
| Depreciation of the 1st and 2nd of net assets | 1,000,000 | Depreciation of the 1st and 2nd of net assets | 1,000,000 |
| Depreciation of the 1st and 2nd of net assets | 1,000,000 | Depreciation of the 1st and 2nd of net assets | 1,000,000 |

Securities in Schedule of Investments

(Continued)

AOR Funds | N-PORT Part F | December 2022

44

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP DEFENSIVE STYLE FUND

| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Investments & Companies | 1,000,000 | 1,000,000 | Investments & Companies | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 | Investments | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments
AQR Funds | N-PORT Part F | December 2022

(Continued)
45

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP DEFENSIVE STYLE FUND

| INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 | INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 | INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 |
| INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 | INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 |
| INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 | INVESTMENT OF THE SECURITIES | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

46

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP DEFENSIVE STYLE FUND

| 1. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| 2. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 4. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 5. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 6. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 7. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 8. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 9. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 10. AQR Funded by AQR, Inc. | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AQR Funds | N-PORT Part F | December 2022 47

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR LARGE CAP DEFENSIVE STYLE FUND

| Accumulated other than the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Accumulated other than the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share | 1,000,000 | 1,000,000 |
| Accumulated other than the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share | 1,000,000 | 1,000,000 |

See notes to Schedule of Investments.

AQR Funds | N-PORT Part F | December 2022

48

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL GEOSOCO STYLE FUND

| REVENUE | 1,000,000 | 1,000,000 | REVENUE | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 | ASSETS | 1,000,000 | 1,000,000 |

![img-0.jpeg](img-0.jpeg)

Securities in Schedule of Investments

(Continued)

AQP Funds | N-PORT Part F | December 2022

49

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR INTERNATIONAL DEPOSITIVE STYLE FUND

| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 | International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 | International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |
| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 | International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |
| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |  |  |  |
| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |  |  |  |
| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |  |  |  |
| International Investment & Securities - 2.4% | 1,000,000 | 1,000,000 |  |  |  |

Securities in Schedule of Investments

(Continued)

AQP Funds | N-PORT Part F | December 2022

50

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR INTERNATIONAL DEPOSITIVE STYLE FUND

| Investments | 2022 | 2021 |
| --- | --- | --- |
| Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 |
| Investments | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AQR Funds | N-PORT Part F | December 2022 51

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR INTERNATIONAL DEPOSITS STYLE FUND

| INVESTMENT (in € million) | 1,000,000 | 10,000,000 | INVESTMENT (in € million) | 1,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- | --- |
| INVESTMENT (in € million) | 1,000,000 | 10,000,000 | INVESTMENT (in € million) | 1,000,000 | 10,000,000 |
| INVESTMENT (in € million) | 1,000,000 | 10,000,000 | INVESTMENT (in € million) | 1,000,000 | 10,000,000 |
| INVESTMENT (in € million) | 1,000,000 | 10,000,000 | INVESTMENT (in € million) | 1,000,000 | 10,000,000 |

52

Securities in Schedule of Investments
AQR Funds | N-PORT Part F | December 2022

(Continued)

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR INTERNATIONAL DEPOSITIVE STYLE FUND

| Net Interest and other assets | 2,000,000 | 2,000,000 | Total Interest and other assets | 2,000,000 |
| --- | --- | --- | --- | --- |
| Net Interest and other assets | 2,000,000 | 2,000,000 | Total Interest and other assets | 2,000,000 |
| Net Interest and other assets | 2,000,000 | 2,000,000 | Total Interest and other assets | 2,000,000 |
| Net Interest and other assets | 2,000,000 | 2,000,000 | Total Interest and other assets | 2,000,000 |

![img-0.jpeg](img-0.jpeg)

See notes to Schedule of Investments.

AQP Funds | N-PORT Part F | December 2022

53

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| Fund | 2021 | 2020 | 2019 |
| --- | --- | --- | --- |
| Accumulated other than a 2% share of the AQR | $1,000,000 | $1,000,000 | $1,000,000 |
| Accumulated other than a 1% share of the AQR | $1,000,000 | $1,000,000 | $1,000,000 |
| Accumulated other than a 0% share of the AQR | $1,000,000 | $1,000,000 | $1,000,000 |
| Accumulated other than a 0% share of the AQR | $1,000,000 | $1,000,000 | $1,000,000 |
| Accumulated other than a 0% share of the AQR | $1,000,000 |  |  |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

54

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| Fund | Value | Total | Fund | Value | Total |
| --- | --- | --- | --- | --- | --- |
| AQR Global Equity Fund | 1,000,000 | 1,000,000 | AQR Global Equity Fund | 1,000,000 | 1,000,000 |
| AQR Global Equity Fund | 1,000,000 | 1,000,000 | AQR Global Equity Fund | 1,000,000 | 1,000,000 |
| AQR Global Equity Fund | 1,000,000 | 1,000,000 | AQR Global Equity Fund | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AQR Funds | N-PORT Part F | December 2022 55

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| REVENUE (in € million) | 2022 | 2021 | 2020 | 2019 |
| --- | --- | --- | --- | --- |
| Net assets acquired | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Net assets acquired (continued) | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Net assets acquired (in € million) | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Net assets acquired (in € million) | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Net assets acquired (in € million) | 3,000,000 | 3,000,000 |  |  |
| Net assets acquired (in € million) | 3,000,000 | 3,000,000 |  |  |
| Net assets acquired (in € million) | 3,000,000 | 3,000,000 |  |  |
| Net assets acquired (in € million) | 3,000,000 | 3,000,000 |  |  |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

96

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 | REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 | REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 |
| REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 | REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 |
| REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 | REVENUE (Group, Inc. (2)) | 1,000,000 | 1,000,000 |

Securities in Schedule of Investments (Continued)
AQR Funds | N-PORT Part F | December 2022 17

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| Number of shares | Percentage of the total | Percentage of the total |
| --- | --- | --- |
| 1 | 100.00% | 100.00% |
| 2 | 100.00% | 100.00% |
| 3 | 100.00% | 100.00% |
| 4 | 100.00% | 100.00% |
| 5 | 100.00% | 100.00% |
| 6 | 100.00% | 100.00% |
| 7 | 100.00% | 100.00% |
| 8 | 100.00% | 100.00% |
| 9 | 100.00% | 100.00% |
| 10 | 100.00% | 100.00% |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

98

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| REFERENCE | PAYMENTS MADE BY FUND | PAYMENTS RECEIVED BY FUND | PAYMENT | MATURITY | NOTIONAL | VALUE AND UNREALIZED APPRECIATION |
| --- | --- | --- | --- | --- | --- | --- |
| ACQ (AQR) | 1,000,000 | 1,000,000 | 1,000,000 | General Manager | $1,000,000 | 1,000,000 |
| ACQ (AQR) | 1,000,000 | 1,000,000 | 1,000,000 | General Manager | 1,000,000 | 1,000,000 |
| ACQ (AQR) | 1,000,000 | 1,000,000 | 1,000,000 | General Manager | 1,000,000 | 1,000,000 |
| ACQ (AQR) | 1,000,000 | 1,000,000 | 1,000,000 | General Manager | 1,000,000 | 1,000,000 |

See notes to Schedule of Investments.
AQP Funds | N-PORT Part F | December 2022

(Continued)

99

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| CURRENCY FURTHER | CURRENCY FOUR | COUNTERPARTY | SETTLEMENT | UNREALIZED APPLICATIONS |
| --- | --- | --- | --- | --- |
| EUR/USD | EUR/USD | CTG | EUR/USD | EUR/USD |
| EUR/USD | EUR/USD | JPMC | EUR/USD | EUR/USD |

Securities in Schedule of Investments

(Continued)

AQR Funds | N-PORT Part F | December 2022

60

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR GLOBAL EQUITY FUND

| COMMERCIAL PUBLICATIONS | COMMERCIAL FIELDS | COUNTERPARTY | SETTLEMENT | UNREALIZED APPLICATION |
| --- | --- | --- | --- | --- |
| ACRIFLIGHTS | ACRIFLIGHTS | CTG | ACRIFLIGHTS | ACRIFLIGHTS |
| ACRIFLIGHTS | ACRIFLIGHTS | JPMC | ACRIFLIGHTS | ACRIFLIGHTS |
| ACRIFLIGHTS | ACRIFLIGHTS | CTG | ACRIFLIGHTS | ACRIFLIGHTS |
| ACRIFLIGHTS | ACRIFLIGHTS | JPMC | ACRIFLIGHTS | ACRIFLIGHTS |
| ACRIFLIGHTS | ACRIFLIGHTS | CTG | ACRIFLIGHTS | ACRIFLIGHTS |

See notes to Schedule of Investments.

AQR Funds | N-PORT Part F | December 2022

41

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR INTERNATIONAL EQUITY FUND

| INVESTMENTS | 2022 | 2021 | 2020 |
| --- | --- | --- | --- |
| INVESTMENTS | 1,000,000 | 1,000,000 | 1,000,000 |
| INVESTMENTS | 1,000,000 | 1,000,000 | 1,000,000 |
| INVESTMENTS | 1,000,000 | 1,000,000 | 1,000,000 |
| INVESTMENTS | 1,000,000 | 1,000,000 | 1,000,000 |

See notes to Schedule of Investments.

(Continued)

AOR Funds | N-PORT Part F | December 2022

62

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL EQUITY FUND

| Revenues | 1,000,000 |
| --- | --- |
| Costs and expenses | (1,000,000) |
| Operating income | (1,000,000) |
| Income from operations | (1,000,000) |
| Net income | (1,000,000) |
| Income from operations | (1,000,000) |
| Net income | (1,000,000) |

See notes to Schedule of Investments.

(Continued)

AQP Funds | N-PORT Part F | December 2022

63

Schedule of Investments

December 31, 2022 (Unaudited)

# AQR INTERNATIONAL EQUITY FUND

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

| INDUSTRIAL | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |

</table>

64

See notes to Schedule of Investments

(Continued)

AQP Funds | N-PORT Part F | December 2022

Schedule of Investments

December 31, 2022 (Unaudited)

# AOR INTERNATIONAL EQUITY FUND

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

See notes to Schedule of Investments.

(Continued)

AOR Funds | N-PORT Part F | December 2022

85

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL EQUITY FUND

| REFERENCE | PAYMENTS MADE BY | PAYMENTS RECEIVED BY | PAYMENT | MATURITY | NOTIONAL | VALUE AND UNREALIZED APPRECIATION |
| --- | --- | --- | --- | --- | --- | --- |
| AQP INTERNATIONAL EQUITY FUND | 1,000 | 1,000 | 1,000 | Value of the Company's Equity Fund | 1,000 | 1,000 |
| AQP INTERNATIONAL EQUITY FUND | 1,000 | 1,000 | 1,000 | Value of the Company's Equity Fund | 1,000 | 1,000 |
| AQP INTERNATIONAL EQUITY FUND | 1,000 | 1,000 | 1,000 | Value of the Company's Equity Fund | 1,000 | 1,000 |
| AQP INTERNATIONAL EQUITY FUND | 1,000 | 1,000 | 1,000 | Value of the Company's Equity Fund | 1,000 | 1,000 |

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

66

See notes to Schedule of Investments.

(Continued)

AQP Funds | N-PORT Part F | December 2022

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL EQUITY FUND

![img-4.jpeg](img-4.jpeg)

See notes to Schedule of Investments.

(Continued)

AQP Funds | N-PORT Part F | December 2022

87

Schedule of Investments

December 31, 2022 (Unaudited)

AQP INTERNATIONAL EQUITY FUND

| COMMERCIAL AUTHORITY | COMMERCIAL NAME | COURTHOUGHT | SETTLEMENT | UNREALIZED APPROPRIATION |
| --- | --- | --- | --- | --- |
| AQP INTERNATIONAL EQUITY FUND | AQP INTERNATIONAL EQUITY FUND | 2022 | 2022 | 2022 |
| AQP INTERNATIONAL EQUITY FUND | AQP INTERNATIONAL EQUITY FUND | 2022 | 2022 | 2022 |
| AQP INTERNATIONAL EQUITY FUND | AQP INTERNATIONAL EQUITY FUND | 2022 | 2022 | 2022 |

See notes to Schedule of Investments.

AQP Funds | N-PORT Part F | December 2022

98

Schedule of Investments

December 31, 2022 (Unaudited)

Abbreviations

| AOR - American Depositary Receipt |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| AOR - Global Depositary Receipt |  |  |  |  |  |  |
| American Depositary Receipt | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| American Depositary Receipt | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| American Depositary Receipt | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| American Depositary Receipt | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |

See notes to Schedule of Investments.

AOR Funds | N-PORT Part F | December 2022

99

Notes to Schedules of Investments

December 31, 2022 (Unaudited)

**Fair Value Hierarchy:** Various inputs are utilized in determining the value of each Fund's investments. GAAP establishes a hierarchy for inputs used in

the investment and the value of observable inputs and minimizes the use of unobservable inputs by requiring the most observable inputs to be available. These inputs are summarized into three broad levels as follows:

| Total Investment | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total Investment | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 |
| Total Investment | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 |
| Total Investment | 1,147,000 | 1,147,000 |  |  |  |  |  |  |
| Total Investment | 1,147,000 | 1,147,000 |  |  |  |  |  |  |
| Total Investment | 1,147,000 | 1,147,000 |  |  |  |  |  |  |
| Total Investment | 1,147,000 | 1,147,000 |  |  |  |  |  |  |

![img-5.jpeg](img-5.jpeg)

70

AQR Funds | N-PORT Part F | December 2022

Notes to Schedules of Investments

December 31, 2022 (Unaudited)[{"box_2d": [10, 32, 469, 114], "label": "table", "caption": "

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

| DESCRIPTION | QUANTITY | UNIT | UNIT PRICE | TOTAL |
| --- | --- | --- | --- | --- |
| REVENUE | 1,000,000 | USD | 1.00 | 1,000,000 |

<table><thead><tr><th>DESCRIPTION</th><th>QUANTITY</th><th>UNIT</th><th>UNIT PRICE</th><th>TOTAL</th></tr></thead><tr><td>REVENUE</td><td>1,000,000</td><td>USD</td><td>1.00</td><

Notes to Schedules of Investments

December 31, 2022 (Unaudited)

| SHOULDING ASSETS |  | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL |
| --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 2 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 4 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 5 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 6 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 7 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

72

AQR Funds | N-PORT Part F | December 2022

AUGUST, 1970 (1,000,000,000,000) of the unit approved, including proprietary models for which sufficient and reliable data is available. While cover & commercial use of the materials is limited to the purchase of a large, comparable market for markets, other the use of the income approach includes the full responsibility of the firm's employees to purchase the value. In connection with the project due to the use of the whole of the business of the business, the company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business. The company is not a member of the company's business.

| 1. Les services de l'tourisme et de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature | 1. Les services de l'tourisme et de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature |
| --- | --- |
| 2. Les services de l'tourisme et de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature | 1. Les services de l'tourisme et de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature de la nature |

| Total Funds | $ | 865,068,622 | $ | - | $ | 864,968,622 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash and cash equivalents (Currency Exchange Contractor) | $ | (570,848) | $ | (580,768) | $ | (580,768) |
| Liabilities |  |  |  | (84,467) |  | (84,467) |
| Liabilities |  |  |  |  |  | (84,467) |
| Foreign Commercial |  |  |  |  |  |  |
| Foreign Commercial |  |  |  |  |  |  |
| General and Financial |  |  |  |  |  |  |
| Monetary and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |
| Investments and other |  |  |  |  |  |  |

LIABILITIES
1. The Company's share of investment is now occurring in the period 1,728,453
(a) Total assets are not available
(2) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(b) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(c) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(d) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(e) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(f) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(g) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(h) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(i) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(j) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(k) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(l) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(m) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(n) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(o) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(p) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(q) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(r) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(s) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(t) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(u) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(v) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(w) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(x) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(y) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(z) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(w) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(x) Total assets are not available
LIABILITIES
The Company's share of investment is now occurring in the period 1,728,453
(y) Total assets are not available

in **statement** **could** presumably use in solving the securities. Changes in significant market inputs could cause significant changes in value **in** financial management and in aggregate. The value determinations **can** occur in the business through the year 2015, including market **at** the end of 2016. The other results are shown that would have been used but please may be used to proceed.

| COMPARISON | DISPOSITION | STYLE FUNDS | 5 | 52,000,000 | 5 | 372,000,000 | 5 | 1,000,000 | 5 | 1,000,000 | 5 | 1,000,000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| For a long-term start on the Public policy regarding the valuation of investments and other significant accounting policies, please refer to the notes to the financial management as disclosed in the most recent serial annual and annual report. |  |  |  |  |  |  |  |  |  |  |  |  |
| 2,000,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
| Short-term investments |  |  |  |  |  |  |  |  |  |  |  |  |
| 5,000,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
| 5,000,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |

LAUGHLIN
Fundamentalization
December 6, 2022, the Board of Trustees of the AQR Funds **rapproved** a proposal to liquidate the AQR International Equity (IAPRA) in addition to the Funds scheduled December 2022 annual income and capital assets distribution, the Fund Highland additional (Highland) in which the Fund is based on 31 January 30, 2023, consisting of undistributed income of the Fund, 29 January 27, 2023 (the "Liquidation Date"), the Fund Fields and (other) distribution of its remaining assets proportionately to any shareholders holding shares on the Liquidation Date. The Funds have evaluated subsequent events through the date of issuance of this report and have determined that there are no material events other than that disclosed above.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AQR Funds

- **b. Investment Company Act file number:** 811-22235

- **c. CIK number of Registrant:** 0001444822

- **d. LEI of Registrant:** 549300V0TAB4ICSX2404

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

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

  - **City:** Greenwich

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06830

  - **Telephone number:** 203-742-3600

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

- **a. Name of Series:** AQR Emerging Multi-Style II Fund

- **b. EDGAR series identifier (if any):** S000048055

- **c. LEI of Series:** 5493005HRSD7GS7I1R46

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $482038103.95

**Total Liabilities:** $1164555.06

**Net Assets:** $480873548.89

**Cash Not Reported:** $4880556.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000151790 | -2.71%               | 17.07%               | -2.73%               |
| Class ID C000151791 | -2.82%               | 17.17%               | -2.79%               |
| Class ID C000151792 | -2.71%               | 17.19%               | -2.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-642867.98              | $-11151448.08                              |
| Month 2  | $10586.60                | $68123181.41                               |
| Month 3  | $-1531764.84             | $-13999449.23                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fibra Uno Administracion SA de CV                        | Fibra Uno Administracion SA de CV                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    170900 | NS      | $201363.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Spirits Ltd.                                      | United Spirits Ltd.                                               | CUSIP: N/A<br>LEI: 3358004YFWQVX2EZDE82       | Long             | EC               | CORP              | IN        |     90596 | NS      | $959756.76    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co. Ltd.                             | China Yangtze Power Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 3003008VX8JFJXA6QP74       | Long             | EC               | CORP              | CN        |     99200 | NS      | $300597.78    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Hava Yollari AO                                     | Turk Hava Yollari AO                                              | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |     70430 | NS      | $530542.30    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Huabao International Holdings Ltd.                       | Huabao International Holdings Ltd.                                | CUSIP: N/A<br>LEI: 529900VPAGLCNHCGGI94       | Long             | EC               | CORP              | BM        |    204000 | NS      | $104666.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                              | Magnit PJSC                                                       | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      6681 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bank of Beijing Co. Ltd.                                 | Bank of Beijing Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300C1080211000042       | Long             | EC               | CORP              | CN        |    197800 | NS      | $123120.85    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunac China Holdings Ltd.                                | Sunac China Holdings Ltd.                                         | CUSIP: N/A<br>LEI: 549300OLARYHDXP3WK18       | Long             | EC               | CORP              | KY        |    212000 | NS      | $83201.88     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.                            | Nien Made Enterprise Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     38000 | NS      | $363109.62    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.              | Taiwan Semiconductor Manufacturing Co. Ltd.                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    369676 | NS      | $27537165.24  | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co. Ltd.                                | Largan Precision Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      4000 | NS      | $264397.67    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.                         | COSCO SHIPPING Holdings Co. Ltd., Class H                         | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |   1606400 | NS      | $1632971.93   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Guotai Junan Securities Co. Ltd.                         | Guotai Junan Securities Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: 300300E1005431000017       | Long             | EC               | CORP              | CN        |     94200 | NS      | $184657.82    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ratch Group PCL                                          | Ratch Group PCL                                                   | CUSIP: N/A<br>LEI: 2138004IGHN9UQGDSH20       | Long             | EC               | CORP              | TH        |    489500 | NS      | $604734.26    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Bank PSQC (The)                               | Commercial Bank PSQC (The)                                        | CUSIP: N/A<br>LEI: 2138004FUUD4I7X8H721       | Long             | EC               | CORP              | QA        |    117149 | NS      | $160967.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Genting Bhd.                                             | Genting Bhd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    227900 | NS      | $231752.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhuzhou CRRC Times Electric Co. Ltd.                     | Zhuzhou CRRC Times Electric Co. Ltd., Class H                     | CUSIP: N/A<br>LEI: 529900PLNH7NQLN00B53       | Long             | EC               | CORP              | CN        |     38100 | NS      | $188181.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Exxaro Resources Ltd.                                    | Exxaro Resources Ltd.                                             | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |    249778 | NS      | $3202278.27   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| China Power International Development Ltd.               | China Power International Development Ltd.                        | CUSIP: N/A<br>LEI: 529900MDOW3M0UV2ST42       | Long             | EC               | CORP              | HK        |    373000 | NS      | $157065.27    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp.                         | China Petroleum & Chemical Corp., Class A                         | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |    474800 | NS      | $298805.19    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.               | Industrial & Commercial Bank of China Ltd., Class H               | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   1466000 | NS      | $751896.26    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MMG Ltd.                                                 | MMG Ltd.                                                          | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |    556000 | NS      | $141611.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Beer Holdings Co. Ltd.                   | China Resources Beer Holdings Co. Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |     22000 | NS      | $153022.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek PJSC                                             | Novatek PJSC                                                      | CUSIP: N/A<br>LEI: 2138008R6GCRVBDFA581       | Long             | EC               | CORP              | RU        |     71760 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Astra International Tbk. PT                              | Astra International Tbk. PT                                       | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   4338200 | NS      | $1587563.48   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                    | Sociedad Quimica y Minera de Chile SA                             | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     25850 | NS      | $2063864.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (The)                                | Saudi National Bank (The)                                         | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |    149012 | NS      | $2005632.58   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Meritz Securities Co. Ltd.                               | Meritz Securities Co. Ltd.                                        | CUSIP: N/A<br>LEI: 988400WORE06JMSEKC47       | Long             | EC               | CORP              | KR        |     50716 | NS      | $252576.95    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services, Inc.          | International Container Terminal Services, Inc.                   | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |    168160 | NS      | $603524.80    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co.                                      | Etihad Etisalat Co.                                               | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |    256270 | NS      | $2368900.70   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIC Motor Corp. Ltd.                                    | SAIC Motor Corp. Ltd., Class A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    167800 | NS      | $348745.17    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE Technology Group Co. Ltd.                            | BOE Technology Group Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    176100 | NS      | $85790.80     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital PCL                                  | Bumrungrad Hospital PCL                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    231100 | NS      | $1413785.18   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                                 | Qatar National Bank QPSC                                          | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |    351624 | NS      | $1742941.97   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp.                                           | LG Uplus Corp.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12221 | NS      | $107023.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp.                           | Novatek Microelectronics Corp.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    375000 | NS      | $3833523.63   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                               | Alibaba Group Holding Ltd.                                        | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   1234104 | NS      | $13541716.33  | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Chinasoft International Ltd.                             | Chinasoft International Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1116000 | NS      | $966129.90    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| CJ Corp.                                                 | CJ Corp.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2570 | NS      | $171674.81    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Almarai Co. JSC                                          | Almarai Co. JSC                                                   | CUSIP: N/A<br>LEI: 549300B4EDUXYD2G6098       | Long             | EC               | CORP              | SA        |     16017 | NS      | $228156.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                  | Meituan, Class B                                                  | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    160100 | NS      | $3547149.21   | 0.74%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Eva Airways Corp.                                        | Eva Airways Corp.                                                 | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    275000 | NS      | $250783.48    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                      | PetroChina Co. Ltd., Class H                                      | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   1256000 | NS      | $573732.71    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Mutual Ltd.                                          | Old Mutual Ltd.                                                   | CUSIP: N/A<br>LEI: 213800MON84ZWWPQCN47       | Long             | EC               | CORP              | ZA        |    256169 | NS      | $157155.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongsheng Group Holdings Ltd.                           | Zhongsheng Group Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 3003005VYMEBAJNJ2Y26       | Long             | EC               | CORP              | KY        |     29000 | NS      | $148540.91    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co. Ltd.            | Inner Mongolia Yili Industrial Group Co. Ltd., Class A            | CUSIP: N/A<br>LEI: 3003002Q2A863JPQFH06       | Long             | EC               | CORP              | CN        |    158400 | NS      | $707502.38    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                                | Advanced Info Service PCL                                         | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     37700 | NS      | $212021.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                 | Wuliangye Yibin Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     11582 | NS      | $301190.09    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                      | Hon Hai Precision Industry Co. Ltd.                               | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   1039000 | NS      | $3367640.16   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                           | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    341485 | NS      | $5795000.45   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingboard Holdings Ltd.                                  | Kingboard Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 529900G89MY26MMSDR76       | Long             | EC               | CORP              | KY        |    253000 | NS      | $802296.27    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| New China Life Insurance Co. Ltd.                        | New China Life Insurance Co. Ltd., Class H                        | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |    113100 | NS      | $275362.21    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd.                          | Agricultural Bank of China Ltd., Class A                          | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |    614500 | NS      | $258277.22    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunny Optical Technology Group Co. Ltd.                  | Sunny Optical Technology Group Co. Ltd.                           | CUSIP: N/A<br>LEI: 3003004QIVP0DFVVWM94       | Long             | EC               | CORP              | KY        |     18400 | NS      | $217007.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp. Ltd.                              | China CITIC Bank Corp. Ltd., Class H                              | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |   4740000 | NS      | $2097556.42   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings, Inc.                                        | KE Holdings, Inc.                                                 | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |     59358 | NS      | $828637.68    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO, Inc.                                                | NIO, Inc.                                                         | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | KY        |     94422 | NS      | $920614.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com, Inc.                                             | JD.com, Inc., Class A                                             | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |    145438 | NS      | $4060140.49   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                | China Resources Land Ltd.                                         | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    592000 | NS      | $2693226.07   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                                 | Kweichow Moutai Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      1100 | NS      | $273332.65    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk. PT                           | Sumber Alfaria Trijaya Tbk. PT                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   2490600 | NS      | $424468.48    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinotruk Hong Kong Ltd.                                  | Sinotruk Hong Kong Ltd.                                           | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    962000 | NS      | $1336383.58   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile TeleSystems PJSC                                  | Mobile TeleSystems PJSC                                           | CUSIP: N/A<br>LEI: 2534008FX8EXH1FMJA74       | Long             | EC               | CORP              | RU        |    306032 | NS      | $3.06         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Banque Saudi Fransi                                      | Banque Saudi Fransi                                               | CUSIP: N/A<br>LEI: 558600N07EDF4ATYR106       | Long             | EC               | CORP              | SA        |     44117 | NS      | $475687.12    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd.                                     | Larsen & Toubro Ltd.                                              | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |     14876 | NS      | $373912.98    | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Adani Green Energy Ltd.                                  | Adani Green Energy Ltd.                                           | CUSIP: N/A<br>LEI: 335800ZBBU81OH211H17       | Long             | EC               | CORP              | IN        |     11660 | NS      | $271657.11    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co. Ltd.                                   | Kunlun Energy Co. Ltd.                                            | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |   3282000 | NS      | $2333348.18   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Beijing Co. Ltd.                                 | Bank of Beijing Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300C1080211000042       | Long             | EC               | CORP              | CN        |    371578 | NS      | $231289.17    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Basic Industries Corp.                             | Saudi Basic Industries Corp.                                      | CUSIP: N/A<br>LEI: 213800ZCTFZZZJSK8645       | Long             | EC               | CORP              | SA        |    136317 | NS      | $3260882.63   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co.                                      | Jarir Marketing Co.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      5056 | NS      | $201780.73    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Wan Hai Lines Ltd.                                       | Wan Hai Lines Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    114000 | NS      | $296293.29    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Foschini Group Ltd. (The)                                | Foschini Group Ltd. (The)                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    129655 | NS      | $763321.24    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Power Holdings Co. Ltd.                  | China Resources Power Holdings Co. Ltd.                           | CUSIP: N/A<br>LEI: 529900K60FC0AI053735       | Long             | EC               | CORP              | HK        |    320000 | NS      | $652062.46    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd.                                       | Bank of China Ltd., Class H                                       | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |  10714000 | NS      | $3877712.37   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp. Taiwan Ltd.                       | Evergreen Marine Corp. Taiwan Ltd.                                | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    692000 | NS      | $3657369.98   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosideng International Holdings Ltd.                     | Bosideng International Holdings Ltd.                              | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    306000 | NS      | $145004.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co. Ltd.                                  | Hyundai Glovis Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      5422 | NS      | $703946.20    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                | Kia Corp.                                                         | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |    117512 | NS      | $5528999.52   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongfeng Motor Group Co. Ltd.                            | Dongfeng Motor Group Co. Ltd., Class H                            | CUSIP: N/A<br>LEI: 3003002JNYOYPX54GE50       | Long             | EC               | CORP              | CN        |   1650000 | NS      | $942776.92    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Catcher Technology Co. Ltd.                              | Catcher Technology Co. Ltd.                                       | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |    396000 | NS      | $2174791.25   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Longfor Group Holdings Ltd.                              | Longfor Group Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 254900UJX27B2F1JYR13       | Long             | EC               | CORP              | KY        |    152500 | NS      | $469268.27    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| African Rainbow Minerals Ltd.                            | African Rainbow Minerals Ltd.                                     | CUSIP: N/A<br>LEI: 529900L3TPSCK8ZVZ589       | Long             | EC               | CORP              | ZA        |    138884 | NS      | $2346788.40   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd.                                      | Mr Price Group Ltd.                                               | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |     16950 | NS      | $157172.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk. PT                           | Indofood Sukses Makmur Tbk. PT                                    | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |   1836200 | NS      | $793749.16    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Braskem SA                                               | Braskem SA (Preference), Class A                                  | CUSIP: N/A<br>LEI: 549300RPMQUFGBB7EY44       | Long             | EC               | CORP              | BR        |     75400 | NS      | $342170.46    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services PCL                       | Bangkok Dusit Medical Services PCL                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1275400 | NS      | $1066566.68   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DB Insurance Co. Ltd.                                    | DB Insurance Co. Ltd.                                             | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     33466 | NS      | $1734708.92   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tourism Group Duty Free Corp. Ltd.                 | China Tourism Group Duty Free Corp. Ltd., Class A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     35392 | NS      | $1100419.25   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Communications Co. Ltd.                          | Bank of Communications Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |    389700 | NS      | $266735.47    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Page Industries Ltd.                                     | Page Industries Ltd.                                              | CUSIP: N/A<br>LEI: 335800D6UFCCKUP3KD53       | Long             | EC               | CORP              | IN        |       459 | NS      | $237269.57    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AUO Corp.                                                | AUO Corp.                                                         | CUSIP: N/A<br>LEI: 391200L7PIS4QXYJUQ72       | Long             | EC               | CORP              | TW        |   1258400 | NS      | $611325.14    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                                       | Arab National Bank                                                | CUSIP: N/A<br>LEI: 213800CYWGYQVT1ZBQ57       | Long             | EC               | CORP              | SA        |    114780 | NS      | $975395.68    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                                   | Grupo Mexico SAB de CV, Series B                                  | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    162800 | NS      | $571531.47    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                       | Banco do Brasil SA                                                | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    746900 | NS      | $4832013.73   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co. Group of China Ltd. (The)         | People's Insurance Co. Group of China Ltd. (The), Class H         | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    623000 | NS      | $206098.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                         | Kasikornbank PCL                                                  | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    109500 | NS      | $465511.85    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC                                             | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    264055 | NS      | $420093.11    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SPAR Group Ltd. (The)                                    | SPAR Group Ltd. (The)                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     38957 | NS      | $260229.21    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu, Inc.                                              | Baidu, Inc., Class A                                              | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |    158850 | NS      | $2265318.39   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Polski Koncern Naftowy ORLEN SA                          | Polski Koncern Naftowy ORLEN SA                                   | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |    229059 | NS      | $3365180.93   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| E-MART, Inc.                                             | E-MART, Inc.                                                      | CUSIP: N/A<br>LEI: 988400SAX0Q74FRA9981       | Long             | EC               | CORP              | KR        |      2160 | NS      | $167941.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Luzhou Laojiao Co. Ltd.                                  | Luzhou Laojiao Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     10200 | NS      | $329238.91    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                      | Krung Thai Bank PCL                                               | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   4101500 | NS      | $2093094.47   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                           | Abu Dhabi Commercial Bank PJSC                                    | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |     96468 | NS      | $236087.59    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co. Ltd.                              | Anhui Conch Cement Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |     22200 | NS      | $87584.58     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank of Korea                                 | Industrial Bank of Korea                                          | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |    255596 | NS      | $1986494.69   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp. of India Ltd.                           | Power Grid Corp. of India Ltd.                                    | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    489155 | NS      | $1261142.31   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                               | Akbank TAS                                                        | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |   1141107 | NS      | $1192831.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Innotek Co. Ltd.                                      | LG Innotek Co. Ltd.                                               | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |      1652 | NS      | $333172.90    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Shekou Industrial Zone Holdings Co. Ltd. | China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A | CUSIP: N/A<br>LEI: 300300T3ACALX7NIPW13       | Long             | EC               | CORP              | CN        |     67000 | NS      | $121806.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                               | Bank Polska Kasa Opieki SA                                        | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |     35821 | NS      | $712605.97    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co. Ltd.                                | Haier Smart Home Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |    225900 | NS      | $795265.23    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                                      | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    109426 | NS      | $1970762.26   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| H World Group Ltd.                                       | H World Group Ltd.                                                | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |     15565 | NS      | $660267.30    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co. Ltd.                            | China Merchants Bank Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |     93558 | NS      | $501091.76    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                     | Fomento Economico Mexicano SAB de CV                              | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     10207 | NS      | $797370.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Orbia Advance Corp. SAB de CV                            | Orbia Advance Corp. SAB de CV                                     | CUSIP: N/A<br>LEI: 549300MVHZ20SBIOEQ79       | Long             | EC               | CORP              | MX        |     74400 | NS      | $131721.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ACWA Power Co.                                           | ACWA Power Co.                                                    | CUSIP: N/A<br>LEI: 558600Y0TFKRV2QZ1A74       | Long             | EC               | CORP              | SA        |      3832 | NS      | $155080.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Polyus PJSC                                              | Polyus PJSC                                                       | CUSIP: N/A<br>LEI: 549300FUXVT7TF6ZKV71       | Long             | EC               | CORP              | RU        |      1291 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Hongqiao Group Ltd.                                | China Hongqiao Group Ltd.                                         | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |   4477000 | NS      | $4222501.60   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS SA                                                   | JBS SA                                                            | CUSIP: N/A<br>LEI: 529900RM0MTMZL9O5050       | Long             | EC               | CORP              | BR        |    788500 | NS      | $3294555.99   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Surgutneftegas PJSC                                      | Surgutneftegas PJSC                                               | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |   1249260 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cencosud SA                                              | Cencosud SA                                                       | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |   1457387 | NS      | $2396763.77   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultrapar Participacoes SA                                | Ultrapar Participacoes SA                                         | CUSIP: N/A<br>LEI: 529900FU4XBXGQMLRE72       | Long             | EC               | CORP              | BR        |    132800 | NS      | $315304.07    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                              | Realtek Semiconductor Corp.                                       | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     39000 | NS      | $354665.80    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co. Ltd.                   | China Pacific Insurance Group Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |     63000 | NS      | $222792.40    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Klabin SA                                                | Klabin SA                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | BR        |     43200 | OU      | $163196.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd.                                                 | ITC Ltd.                                                          | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |   1259325 | NS      | $5040766.03   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Engineering & Construction Corp.                      | GS Engineering & Construction Corp.                               | CUSIP: N/A<br>LEI: 988400BQ69DJXXFA0D28       | Long             | EC               | CORP              | KR        |     19576 | NS      | $329374.48    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd.               | Industrial & Commercial Bank of China Ltd., Class A               | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |    350800 | NS      | $219863.70    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                             | Sany Heavy Industry Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |     76600 | NS      | $174201.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co. Ltd.                         | Shinhan Financial Group Co. Ltd.                                  | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     62840 | NS      | $1749433.51   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Al-Jazira                                           | Bank Al-Jazira                                                    | CUSIP: N/A<br>LEI: 558600FGNP3JML7WY215       | Long             | EC               | CORP              | SA        |    165536 | NS      | $837440.92    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinopharm Group Co. Ltd.                                 | Sinopharm Group Co. Ltd., Class H                                 | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    538400 | NS      | $1362751.21   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| China Traditional Chinese Medicine Holdings Co. Ltd.     | China Traditional Chinese Medicine Holdings Co. Ltd.              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    528000 | NS      | $239445.92    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd.                          | Agricultural Bank of China Ltd., Class H                          | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   3054000 | NS      | $1044763.16   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                                          | Gruma SAB de CV, Class B                                          | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |     11575 | NS      | $154879.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co. Ltd.                            | China Merchants Bank Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |     16100 | NS      | $86230.76     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC Agri-Nutrients Co.                                 | SABIC Agri-Nutrients Co.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     74312 | NS      | $2900627.21   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co. Ltd.                                 | NARI Technology Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    344808 | NS      | $1210428.75   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Sime Darby Bhd.                                          | Sime Darby Bhd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    560600 | NS      | $292616.49    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Masraf Al Rayan QSC                                      | Masraf Al Rayan QSC                                               | CUSIP: N/A<br>LEI: 254900KFL51VLXABR231       | Long             | EC               | CORP              | QA        |    395209 | NS      | $344548.94    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PGE Polska Grupa Energetyczna SA                         | PGE Polska Grupa Energetyczna SA                                  | CUSIP: N/A<br>LEI: 259400MP9VXR0E69MJ89       | Long             | EC               | CORP              | PL        |   1407873 | NS      | $2221384.11   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Winbond Electronics Corp.                                | Winbond Electronics Corp.                                         | CUSIP: N/A<br>LEI: 254900STBMBTLA91J410       | Long             | EC               | CORP              | TW        |    279000 | NS      | $177174.43    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Industries Qatar QSC                                     | Industries Qatar QSC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |     29520 | NS      | $104198.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Vanke Co. Ltd.                                     | China Vanke Co. Ltd., Class H                                     | CUSIP: N/A<br>LEI: 529900E66UJ2DWY7KW55       | Long             | EC               | CORP              | CN        |     80900 | NS      | $162750.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyad Bank                                               | Riyad Bank                                                        | CUSIP: N/A<br>LEI: 54930037RJ782ISGGM71       | Long             | EC               | CORP              | SA        |    136516 | NS      | $1160845.70   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Transmission Ltd.                                  | Adani Transmission Ltd.                                           | CUSIP: N/A<br>LEI: 549300PLH866JQ6LXE52       | Long             | EC               | CORP              | IN        |     40092 | NS      | $1251939.45   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Yanghe Brewery Joint-Stock Co. Ltd.              | Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A              | CUSIP: N/A<br>LEI: 655600IQ7FXTTBKI8H68       | Long             | EC               | CORP              | CN        |     28800 | NS      | $665237.34    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Vanke Co. Ltd.                                     | China Vanke Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 529900E66UJ2DWY7KW55       | Long             | EC               | CORP              | CN        |     71400 | NS      | $186779.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| XPeng, Inc.                                              | XPeng, Inc.                                                       | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | KY        |     30187 | NS      | $300058.78    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                                            | PhosAgro PJSC                                                     | CUSIP: N/A<br>LEI: 25340053KRUNNYUWF472       | Long             | EC               | CORP              | RU        |      3717 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nanya Technology Corp.                                   | Nanya Technology Corp.                                            | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |    891000 | NS      | $1479646.22   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Power Ltd.                                         | Adani Power Ltd.                                                  | CUSIP: N/A<br>LEI: 33580074T4XKFXBDG813       | Long             | EC               | CORP              | IN        |    726498 | NS      | $2619927.08   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co. Ltd.                       | Korea Investment Holdings Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9250 | NS      | $392553.60    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| RHB Bank Bhd.                                            | RHB Bank Bhd.                                                     | CUSIP: N/A<br>LEI: 549300ZHRPSV7QIUJT80       | Long             | EC               | CORP              | MY        |    196500 | NS      | $258176.40    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                              | Wuxi Biologics Cayman, Inc.                                       | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |    215500 | NS      | $1632177.81   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sime Darby Plantation Bhd.                               | Sime Darby Plantation Bhd.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    867800 | NS      | $917017.99    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Securities Co. Ltd.                      | China Merchants Securities Co. Ltd., Class A                      | CUSIP: N/A<br>LEI: 30030060IEIMX476KH87       | Long             | EC               | CORP              | CN        |    240200 | NS      | $460528.01    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                                 | Ambev SA                                                          | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    265669 | NS      | $722619.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                                | First Abu Dhabi Bank PJSC                                         | CUSIP: N/A<br>LEI: 2138002Y3WMK6RZS8H90       | Long             | EC               | CORP              | AE        |    328386 | NS      | $1525793.91   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                             | Sany Heavy Industry Co. Ltd., Class A                             | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |    238100 | NS      | $541478.77    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    404800 | NS      | $17163667.29  | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Unimicron Technology Corp.                               | Unimicron Technology Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    440000 | NS      | $1708161.56   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                               | Arca Continental SAB de CV                                        | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    184000 | NS      | $1494170.84   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Oil Corp. Ltd.                                    | Indian Oil Corp. Ltd.                                             | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |    156549 | NS      | $144600.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd.                                       | Bank of China Ltd., Class A                                       | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |    609800 | NS      | $278294.06    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Absa Group Ltd.                                          | Absa Group Ltd.                                                   | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    102779 | NS      | $1167118.97   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Corp. Ltd.                   | Housing Development Finance Corp. Ltd.                            | CUSIP: N/A<br>LEI: 335800OX2H9AP7NHLT64       | Long             | EC               | CORP              | IN        |    132676 | NS      | $4217898.00   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co. Ltd.                          | CTBC Financial Holding Co. Ltd.                                   | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |    938480 | NS      | $673438.49    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American Platinum Ltd.                             | Anglo American Platinum Ltd.                                      | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      3517 | NS      | $293517.23    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Engineering & Construction Co. Ltd.              | Hyundai Engineering & Construction Co. Ltd.                       | CUSIP: N/A<br>LEI: 988400CEQG9N710HN313       | Long             | EC               | CORP              | KR        |     29214 | NS      | $807667.49    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings, Inc.                                 | Yum China Holdings, Inc.                                          | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     33622 | NS      | $1837442.30   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| China Oilfield Services Ltd.                             | China Oilfield Services Ltd., Class H                             | CUSIP: N/A<br>LEI: 529900J4X53VL8QQW675       | Long             | EC               | CORP              | CN        |    440000 | NS      | $534797.83    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd.                                       | Nedbank Group Ltd.                                                | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |     28538 | NS      | $357043.07    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile SA                                            | Enel Chile SA                                                     | CUSIP: 29278D105<br>LEI: 549300YM5CWCAUVOPB53 | Long             | EC               | CORP              | CL        |     84429 | NS      | $189965.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Communications Co. Ltd.                          | Bank of Communications Co. Ltd., Class H                          | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |   2222000 | NS      | $1275199.66   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Enterprises Ltd.                                   | Adani Enterprises Ltd.                                            | CUSIP: N/A<br>LEI: 335800OTN96B3M38HC30       | Long             | EC               | CORP              | IN        |     29699 | NS      | $1382995.31   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Shoprite Holdings Ltd.                                   | Shoprite Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     50003 | NS      | $662865.23    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Coal Energy Co. Ltd.                               | China Coal Energy Co. Ltd., Class H                               | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    818000 | NS      | $664171.72    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                            | Al Rajhi Bank                                                     | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |     16858 | NS      | $337130.46    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Orient Overseas International Ltd.                       | Orient Overseas International Ltd.                                | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | BM        |    149500 | NS      | $2694504.79   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                                     | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    120350 | NS      | $1745558.20   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd.                                               | Sasol Ltd.                                                        | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     58310 | NS      | $930548.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| MultiChoice Group                                        | MultiChoice Group                                                 | CUSIP: N/A<br>LEI: 254900BVQQ7DFBMSVJ81       | Long             | EC               | CORP              | ZA        |     51222 | NS      | $353432.93    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Baoshan Iron & Steel Co. Ltd.                            | Baoshan Iron & Steel Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    742222 | NS      | $598624.11    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co. Ltd.                                    | Ping An Bank Co. Ltd., Class A                                    | CUSIP: N/A<br>LEI: 549300W9MKNIVWXFM679       | Long             | EC               | CORP              | CN        |    160985 | NS      | $305234.09    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                          | ASE Technology Holding Co. Ltd.                                   | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    432000 | NS      | $1312579.95   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                                      | State Bank of India                                               | CUSIP: 856552203<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |      4653 | NS      | $343806.03    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HMM Co. Ltd.                                             | HMM Co. Ltd.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    233522 | NS      | $3639770.78   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                                    | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     25000 | NS      | $505473.47    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| China Minsheng Banking Corp. Ltd.                        | China Minsheng Banking Corp. Ltd., Class H                        | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94       | Long             | EC               | CORP              | CN        |   1767000 | NS      | $610595.74    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd.                                             | Vedanta Ltd.                                                      | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |   1371745 | NS      | $5105515.66   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co. Ltd.                        | PICC Property & Casualty Co. Ltd., Class H                        | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   2108000 | NS      | $1993105.26   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Fubon Financial Holding Co. Ltd.                         | Fubon Financial Holding Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |    287473 | NS      | $525796.54    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinduoduo, Inc.                                          | Pinduoduo, Inc.                                                   | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     36169 | NS      | $2949581.95   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd.                                              | Sanlam Ltd.                                                       | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |    149472 | NS      | $428589.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongyue Group Ltd.                                       | Dongyue Group Ltd.                                                | CUSIP: N/A<br>LEI: 529900EJNEZTJBHCHW95       | Long             | EC               | CORP              | KY        |   3216000 | NS      | $3522328.98   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings, Inc.                                     | POSCO Holdings, Inc.                                              | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |     26234 | NS      | $5741361.42   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                | Grupo Aeroportuario del Sureste SAB de CV                         | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      4497 | NS      | $1047756.03   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vibra Energia SA                                         | Vibra Energia SA                                                  | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    229500 | NS      | $672895.70    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Walsin Lihwa Corp.                                       | Walsin Lihwa Corp.                                                | CUSIP: N/A<br>LEI: 254900SKYY99YINZ3U83       | Long             | EC               | CORP              | TW        |   1335000 | NS      | $2048402.23   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                           | OTP Bank Nyrt.                                                    | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      7944 | NS      | $215847.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO Express Cayman, Inc.                                 | ZTO Express Cayman, Inc.                                          | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | KY        |     34228 | NS      | $919706.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co. Ltd.                                             | BYD Co. Ltd., Class A                                             | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     40800 | NS      | $1506200.51   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                                  | MMC Norilsk Nickel PJSC                                           | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |         2 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Adaro Energy Indonesia Tbk. PT                           | Adaro Energy Indonesia Tbk. PT                                    | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |  20109100 | NS      | $4981282.88   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Total Gas Ltd.                                     | Adani Total Gas Ltd.                                              | CUSIP: N/A<br>LEI: 335800XLXJ32DBM6H567       | Long             | EC               | CORP              | IN        |     28304 | NS      | $1262127.57   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| 3SBio, Inc.                                              | 3SBio, Inc.                                                       | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | KY        |   1418000 | NS      | $1501401.46   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Innolux Corp.                                            | Innolux Corp.                                                     | CUSIP: N/A<br>LEI: 3003007EXL0825P1MJ10       | Long             | EC               | CORP              | TW        |   1823935 | NS      | $655593.81    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                      | PetroChina Co. Ltd., Class A                                      | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    448500 | NS      | $322155.35    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yang Ming Marine Transport Corp.                         | Yang Ming Marine Transport Corp.                                  | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |   1687000 | NS      | $3583589.08   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                                   | LPP SA                                                            | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |       139 | NS      | $338994.22    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Electricity Co.                                    | Saudi Electricity Co.                                             | CUSIP: N/A<br>LEI: 549300FXO4ZXUIAXGP41       | Long             | EC               | CORP              | SA        |    286367 | NS      | $1770226.30   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Pou Chen Corp.                                           | Pou Chen Corp.                                                    | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |    869000 | NS      | $965890.36    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Promotora y Operadora de Infraestructura SAB de CV       | Promotora y Operadora de Infraestructura SAB de CV                | CUSIP: N/A<br>LEI: 52990035X6RK8DBUWA73       | Long             | EC               | CORP              | MX        |     45685 | NS      | $374079.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                                                | Gerdau SA                                                         | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |    421969 | NS      | $2337708.26   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd.                                | ANTA Sports Products Ltd.                                         | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     12400 | NS      | $161283.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                  | Accton Technology Corp.                                           | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     17000 | NS      | $129094.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd.                                               | Cipla Ltd.                                                        | CUSIP: N/A<br>LEI: 335800KMJJYEDDK82Q34       | Long             | EC               | CORP              | IN        |    138606 | NS      | $1800803.31   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurobindo Pharma Ltd.                                    | Aurobindo Pharma Ltd.                                             | CUSIP: N/A<br>LEI: 335800G4T2A353RDGM23       | Long             | EC               | CORP              | IN        |    208180 | NS      | $1102381.13   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Indonesia Tbk. PT                               | Unilever Indonesia Tbk. PT                                        | CUSIP: N/A<br>LEI: 549300MUHUFNRRI19O72       | Long             | EC               | CORP              | ID        |   2320000 | NS      | $700812.46    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Bimbo SAB de CV                                    | Grupo Bimbo SAB de CV, Series A                                   | CUSIP: N/A<br>LEI: 5493000RIXURZEBFEV60       | Long             | EC               | CORP              | MX        |    343700 | NS      | $1452653.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd.                                  | Sibanye Stillwater Ltd.                                           | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |   1444447 | NS      | $3829561.68   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd.                                      | Trip.com Group Ltd.                                               | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     43393 | NS      | $1492719.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BOE Technology Group Co. Ltd.                            | BOE Technology Group Co. Ltd., Class A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1508900 | NS      | $735088.97    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL India Ltd.                                          | GAIL India Ltd.                                                   | CUSIP: N/A<br>LEI: 335800N82LJD42ZA5L32       | Long             | EC               | CORP              | IN        |   2002370 | NS      | $2325243.47   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| PLDT, Inc.                                               | PLDT, Inc.                                                        | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648       | Long             | EC               | CORP              | PH        |      9420 | NS      | $222240.87    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co. PJSC               | Emirates Telecommunications Group Co. PJSC                        | CUSIP: N/A<br>LEI: 529900XDPQPWEQ9BGB80       | Long             | EC               | CORP              | AE        |    285825 | NS      | $1774066.25   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| China Medical System Holdings Ltd.                       | China Medical System Holdings Ltd.                                | CUSIP: N/A<br>LEI: 529900Z57DVJXUBLHX66       | Long             | EC               | CORP              | KY        |    972000 | NS      | $1520974.87   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co. Ltd.                 | Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    256838 | NS      | $1426605.04   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Poly Developments and Holdings Group Co. Ltd.            | Poly Developments and Holdings Group Co. Ltd., Class A            | CUSIP: N/A<br>LEI: 300300W9OF1ZRGUDVU96       | Long             | EC               | CORP              | CN        |     78100 | NS      | $170028.27    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Limited Purpose Cash Investment Fund                     | Limited Purpose Cash Investment Fund                              | CUSIP: 90262Y729<br>LEI: 549300GUQBQJ6160QP80 | Long             | STIV             | RF                | US        |   6774529 | NS      | $6771818.76   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Qatar Islamic Bank SAQ                                   | Qatar Islamic Bank SAQ                                            | CUSIP: N/A<br>LEI: 254900CFGPXJI71OHT95       | Long             | EC               | CORP              | QA        |    115043 | NS      | $586311.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                   | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     31992 | NS      | $700304.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co. PJSC                                     | Rosneft Oil Co. PJSC                                              | CUSIP: N/A<br>LEI: 253400JT3MQWNDKMJE44       | Long             | EC               | CORP              | RU        |    106000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                   | Hyundai Mobis Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      1182 | NS      | $187486.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Corp.                         | Voltronic Power Technology Corp.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3000 | NS      | $150515.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                                             | Gazprom PJSC                                                      | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    863552 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Yankuang Energy Group Co. Ltd.                           | Yankuang Energy Group Co. Ltd., Class H                           | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39       | Long             | EC               | CORP              | CN        |     56000 | NS      | $170332.13    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China State Construction Engineering Corp. Ltd.          | China State Construction Engineering Corp. Ltd., Class A          | CUSIP: N/A<br>LEI: 300300CWW8WOEV3BR645       | Long             | EC               | CORP              | CN        |   1145200 | NS      | $896288.53    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA (Preference)                               | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |   1497700 | NS      | $6948847.07   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.                           | Tata Consultancy Services Ltd.                                    | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     90339 | NS      | $3552772.58   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Woori Financial Group, Inc.                              | Woori Financial Group, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    524021 | NS      | $4787105.36   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co. Ltd.                                 | Kweichow Moutai Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      6700 | NS      | $1664844.30   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                    | Aldar Properties PJSC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    169128 | NS      | $203220.54    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Auto, Inc.                                            | Li Auto, Inc.                                                     | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |     34548 | NS      | $704779.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Petro Rio SA                                             | Petro Rio SA                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     86400 | NS      | $608581.24    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                                 | KB Financial Group, Inc.                                          | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     24682 | NS      | $945632.89    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ningbo Co. Ltd.                                  | Bank of Ningbo Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 300300C1092133000091       | Long             | EC               | CORP              | CN        |     59400 | NS      | $277727.45    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hua Hong Semiconductor Ltd.                              | Hua Hong Semiconductor Ltd.                                       | CUSIP: N/A<br>LEI: 529900OXH3ZYLIMGB907       | Long             | EC               | CORP              | HK        |    506000 | NS      | $1753394.55   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bharat Electronics Ltd.                                  | Bharat Electronics Ltd.                                           | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |   1542001 | NS      | $1860588.28   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Holdings Corp.                                        | GS Holdings Corp.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     16514 | NS      | $573081.99    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA                                          | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    141584 | NS      | $666860.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp.                         | China Petroleum & Chemical Corp., Class H                         | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   1110000 | NS      | $534811.46    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| China Taiping Insurance Holdings Co. Ltd.                | China Taiping Insurance Holdings Co. Ltd.                         | CUSIP: N/A<br>LEI: 529900C2G37NOIADYW07       | Long             | EC               | CORP              | HK        |    853200 | NS      | $1058615.16   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaxia Bank Co. Ltd.                                     | Huaxia Bank Co. Ltd., Class A                                     | CUSIP: N/A<br>LEI: 300300AKNDEHIGVDZW37       | Long             | EC               | CORP              | CN        |    291300 | NS      | $218329.39    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp.                            | China Construction Bank Corp., Class H                            | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |  15324000 | NS      | $9583469.54   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Research & Media Group                             | Saudi Research & Media Group                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     14292 | NS      | $693182.45    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd.                             | Dr Reddy's Laboratories Ltd.                                      | CUSIP: 256135203<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |     16001 | NS      | $828051.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | MSCI Emerging Markets E-Mini Index                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       140 | NC      | $-72415.35    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk. PT                                  | United Tractors Tbk. PT                                           | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |   2086600 | NS      | $3497715.13   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp. Ltd.                             | Oil & Natural Gas Corp. Ltd.                                      | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |   3414959 | NS      | $6078886.83   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Energy Solution Ltd.                                  | LG Energy Solution Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1664 | NS      | $573509.09    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Lesso Group Holdings Ltd.                          | China Lesso Group Holdings Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    497000 | NS      | $515514.78    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BeiGene Ltd.                                             | BeiGene Ltd.                                                      | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | KY        |      3623 | NS      | $796842.62    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Haci Omer Sabanci Holding A/S                            | Haci Omer Sabanci Holding A/S                                     | CUSIP: N/A<br>LEI: 78900090FFOWNLGP0F20       | Long             | EC               | CORP              | TR        |    210032 | NS      | $506993.92    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                                | SCB X PCL                                                         | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |    508800 | NS      | $1569549.83   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Thailand PCL                           | Delta Electronics Thailand PCL                                    | CUSIP: N/A<br>LEI: 529900JKLVG9Y2SVWL93       | Long             | EC               | CORP              | TH        |     43400 | NS      | $1038424.56   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co. Ltd.                                         | Li Ning Co. Ltd.                                                  | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | KY        |     66000 | NS      | $567534.34    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfa SAB de CV                                           | Alfa SAB de CV, Class A                                           | CUSIP: N/A<br>LEI: 549300ZCGJ6T8YDJ4M34       | Long             | EC               | CORP              | MX        |   1352900 | NS      | $861595.93    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIC Ltd.                                               | CITIC Ltd.                                                        | CUSIP: N/A<br>LEI: 2549006I3Q3M98KHOT11       | Long             | EC               | CORP              | HK        |   4123000 | NS      | $4335051.53   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Chemicals Group Bhd.                            | Petronas Chemicals Group Bhd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    506100 | NS      | $988661.44    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co. Ltd.                | Foshan Haitian Flavouring & Food Co. Ltd., Class A                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     47473 | NS      | $544767.86    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                 | Wuliangye Yibin Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     30100 | NS      | $782750.35    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Cinda Asset Management Co. Ltd.                    | China Cinda Asset Management Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 3003008W60YAHL9CQE51       | Long             | EC               | CORP              | CN        |   2921000 | NS      | $403089.16    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Electricity Generating PCL                               | Electricity Generating PCL                                        | CUSIP: N/A<br>LEI: 5299009MZ255FT79SF55       | Long             | EC               | CORP              | TH        |     80700 | NS      | $401721.17    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk. PT                    | Bank Negara Indonesia Persero Tbk. PT                             | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |   1847100 | NS      | $1094346.96   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                             | Wiwynn Corp.                                                      | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |     12000 | NS      | $310385.07    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Luzhou Laojiao Co. Ltd.                                  | Luzhou Laojiao Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     27900 | NS      | $900547.80    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                             | Kumho Petrochemical Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     17518 | NS      | $1745707.40   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                    | Saudi Arabian Oil Co.                                             | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |     16036 | NS      | $137651.97    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Jiangxi Copper Co. Ltd.                                  | Jiangxi Copper Co. Ltd., Class H                                  | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |    179000 | NS      | $262800.55    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Mining Co.                                 | Saudi Arabian Mining Co.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     88422 | NS      | $1518030.60   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Shanghai Co. Ltd.                                | Bank of Shanghai Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300C1091231000098       | Long             | EC               | CORP              | CN        |    227711 | NS      | $194335.76    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC Securities Co. Ltd.                                | CITIC Securities Co. Ltd., Class A                                | CUSIP: N/A<br>LEI: 300300E1006744000068       | Long             | EC               | CORP              | CN        |    153065 | NS      | $439328.96    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                                   | Emirates NBD Bank PJSC                                            | CUSIP: N/A<br>LEI: 54930029BCN8HF3B1286       | Long             | EC               | CORP              | AE        |    198616 | NS      | $699553.05    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                           | BB Seguridade Participacoes SA                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     26000 | NS      | $165534.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Natura & Co. Holding SA                                  | Natura & Co. Holding SA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     72400 | NS      | $157335.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitong Securities Co. Ltd.                              | Haitong Securities Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300E1003931000068       | Long             | EC               | CORP              | CN        |    186300 | NS      | $233670.94    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd.                    | China Overseas Land & Investment Ltd.                             | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |    305500 | NS      | $799454.58    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                                            | PhosAgro PJSC                                                     | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        72 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cathay Financial Holding Co. Ltd.                        | Cathay Financial Holding Co. Ltd.                                 | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77       | Long             | EC               | CORP              | TW        |    444545 | NS      | $577218.04    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp.                            | United Microelectronics Corp.                                     | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |   2911000 | NS      | $3824719.04   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                 | Reliance Industries Ltd.                                          | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     32737 | NS      | $2008213.06   | 0.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Country Garden Services Holdings Co. Ltd.                | Country Garden Services Holdings Co. Ltd.                         | CUSIP: N/A<br>LEI: 549300P2JRKENZSEBB42       | Long             | EC               | CORP              | KY        |    511000 | NS      | $1253553.90   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Indorama Ventures PCL                                    | Indorama Ventures PCL                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    902000 | NS      | $1059040.04   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenwan Hongyuan Group Co. Ltd.                          | Shenwan Hongyuan Group Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 300300I0GB4QPIGPS572       | Long             | EC               | CORP              | CN        |    376800 | NS      | $216442.42    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial Bank Co. Ltd.                                 | Industrial Bank Co. Ltd., Class A                                 | CUSIP: N/A<br>LEI: 300300C1030935001303       | Long             | EC               | CORP              | CN        |    154590 | NS      | $392159.50    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd.                        | Zhen Ding Technology Holding Ltd.                                 | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |    320000 | NS      | $1088519.75   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SD Biosensor, Inc.                                       | SD Biosensor, Inc.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     73575 | NS      | $1761905.04   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd.                           | CSPC Pharmaceutical Group Ltd.                                    | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | HK        |    520000 | NS      | $541358.30    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Building Material Co. Ltd.                | China National Building Material Co. Ltd., Class H                | CUSIP: N/A<br>LEI: 52990085PGF8YEPLBZ26       | Long             | EC               | CORP              | CN        |   4290000 | NS      | $3505236.48   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Prime Holdings, Inc.                                  | SM Prime Holdings, Inc.                                           | CUSIP: N/A<br>LEI: 254900SZK83MIAB8CU32       | Long             | EC               | CORP              | PH        |    634600 | NS      | $404880.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd.                                 | Woolworths Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 37890095421E07184E97       | Long             | EC               | CORP              | ZA        |     72788 | NS      | $283509.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Pudong Development Bank Co. Ltd.                | Shanghai Pudong Development Bank Co. Ltd., Class A                | CUSIP: N/A<br>LEI: 300300C1031031001330       | Long             | EC               | CORP              | CN        |    140963 | NS      | $148081.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Port Holdings Co. Ltd.                   | China Merchants Port Holdings Co. Ltd.                            | CUSIP: N/A<br>LEI: 529900GA4UH90FUOR048       | Long             | EC               | CORP              | HK        |    110000 | NS      | $160598.78    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Topsports International Holdings Ltd.                    | Topsports International Holdings Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    594000 | NS      | $468000.22    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd.                            | Impala Platinum Holdings Ltd.                                     | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     74783 | NS      | $939788.14    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                                  | MMC Norilsk Nickel PJSC                                           | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |      6790 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Feihe Ltd.                                         | China Feihe Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1072000 | NS      | $907617.87    | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd.                       | Sun Pharmaceutical Industries Ltd.                                | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |    100966 | NS      | $1220982.19   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                                          | Tata Steel Ltd.                                                   | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |   2351862 | NS      | $3203255.37   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat, Inc.                                      | Doosan Bobcat, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     25831 | NS      | $706768.81    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President Enterprises Corp.                          | Uni-President Enterprises Corp.                                   | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    542000 | NS      | $1173167.51   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Pudong Development Bank Co. Ltd.                | Shanghai Pudong Development Bank Co. Ltd., Class A                | CUSIP: N/A<br>LEI: 300300C1031031001330       | Long             | EC               | CORP              | CN        |      1000 | NS      | $1050.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                | Coca-Cola Femsa SAB de CV                                         | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |      2089 | NS      | $141801.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Exploration & Production PCL                         | PTT Exploration & Production PCL                                  | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    962700 | NS      | $4902662.78   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                                           | Axis Bank Ltd.                                                    | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |     14131 | NS      | $799422.05    | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Standard Bank Group Ltd.                                 | Standard Bank Group Ltd.                                          | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |     67234 | NS      | $663375.11    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.                | Ping An Insurance Group Co. of China Ltd., Class A                | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |     51900 | NS      | $350924.29    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                        | BDO Unibank, Inc.                                                 | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |    106248 | NS      | $202049.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                                            | Severstal PAO                                                     | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     54062 | NS      | $0.54         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Geely Automobile Holdings Ltd.                           | Geely Automobile Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |   1612000 | NS      | $2328584.91   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC                                   | Novolipetsk Steel PJSC                                            | CUSIP: N/A<br>LEI: 213800913TPW32I84456       | Long             | EC               | CORP              | RU        |    326680 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| First Financial Holding Co. Ltd.                         | First Financial Holding Co. Ltd.                                  | CUSIP: N/A<br>LEI: 529900BC1U046Q2GUZ64       | Long             | EC               | CORP              | TW        |    334830 | NS      | $288394.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| China Everbright Bank Co. Ltd.                           | China Everbright Bank Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: 549300U6PKQ4H1P34E17       | Long             | EC               | CORP              | CN        |    538100 | NS      | $238481.36    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Meritz Financial Group, Inc.                             | Meritz Financial Group, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9196 | NS      | $313913.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd.                                 | Hindalco Industries Ltd.                                          | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    297804 | NS      | $1702523.08   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Tatneft PJSC                                             | Tatneft PJSC                                                      | CUSIP: N/A<br>LEI: 253400PAT768SVJMV121       | Long             | EC               | CORP              | RU        |    134766 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kumba Iron Ore Ltd.                                      | Kumba Iron Ore Ltd.                                               | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     15124 | NS      | $436831.74    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| New China Life Insurance Co. Ltd.                        | New China Life Insurance Co. Ltd., Class A                        | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |     38600 | NS      | $167213.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group, Inc.                               | Hana Financial Group, Inc.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    152774 | NS      | $5087238.84   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BRF SA                                                   | BRF SA                                                            | CUSIP: N/A<br>LEI: 254900MTXR9LUVQFU480       | Long             | EC               | CORP              | BR        |    178300 | NS      | $277465.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Samvardhana Motherson International Ltd.                 | Samvardhana Motherson International Ltd.                          | CUSIP: N/A<br>LEI: 335800C7BQ19CKG8GH63       | Long             | EC               | CORP              | IN        |    156168 | NS      | $139835.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Minsheng Banking Corp. Ltd.                        | China Minsheng Banking Corp. Ltd., Class A                        | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94       | Long             | EC               | CORP              | CN        |    354355 | NS      | $176581.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale Indonesia Tbk. PT                                   | Vale Indonesia Tbk. PT                                            | CUSIP: N/A<br>LEI: 5299002HHYBH7C6WBQ62       | Long             | EC               | CORP              | ID        |    809200 | NS      | $368097.14    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sahara International Petrochemical Co.                   | Sahara International Petrochemical Co.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     85467 | NS      | $781681.25    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                              | LUKOIL PJSC                                                       | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     29987 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LG Electronics, Inc.                                     | LG Electronics, Inc.                                              | CUSIP: N/A<br>LEI: 988400RMQFTGZIOG0609       | Long             | EC               | CORP              | KR        |     47481 | NS      | $3264308.43   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL Technologies Ltd.                                    | HCL Technologies Ltd.                                             | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     11839 | NS      | $148471.61    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                              | Magnit PJSC                                                       | CUSIP: 55953Q202<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |         1 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Far East Horizon Ltd.                                    | Far East Horizon Ltd.                                             | CUSIP: N/A<br>LEI: 549300S9XRGO1ZPUHE62       | Long             | EC               | CORP              | HK        |     57000 | NS      | $44398.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Coal India Ltd.                                          | Coal India Ltd.                                                   | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |   1982134 | NS      | $5392296.42   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                   | TIM SA                                                            | CUSIP: 88706T108<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     71578 | NS      | $833883.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Conch Cement Co. Ltd.                              | Anhui Conch Cement Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |     48323 | NS      | $190666.16    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Huatai Securities Co. Ltd.                               | Huatai Securities Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 3003009ABT0UCWO79Q77       | Long             | EC               | CORP              | CN        |    136300 | NS      | $250430.15    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Indah Kiat Pulp & Paper Tbk. PT                          | Indah Kiat Pulp & Paper Tbk. PT                                   | CUSIP: N/A<br>LEI: 529900F19DXXA9HNCB51       | Long             | EC               | CORP              | ID        |    225100 | NS      | $126126.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Enterprises Holdings Ltd.                        | Beijing Enterprises Holdings Ltd.                                 | CUSIP: N/A<br>LEI: 529900896ODARUEY2V26       | Long             | EC               | CORP              | HK        |    189500 | NS      | $605035.34    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| New Oriental Education & Technology Group, Inc.          | New Oriental Education & Technology Group, Inc.                   | CUSIP: N/A<br>LEI: 529900NHZVBZQZ8EKN29       | Long             | EC               | CORP              | KY        |    404900 | NS      | $1427296.42   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel & Power Ltd.                                | Jindal Steel & Power Ltd.                                         | CUSIP: N/A<br>LEI: 335800UIKQBF6QO2NP15       | Long             | EC               | CORP              | IN        |     90359 | NS      | $633767.15    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                                | NTPC Ltd.                                                         | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |   2128140 | NS      | $4279866.14   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Alinma Bank                                              | Alinma Bank                                                       | CUSIP: N/A<br>LEI: 558600HPAUTN6XSVBK93       | Long             | EC               | CORP              | SA        |     89903 | NS      | $778477.38    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Empresas Copec SA                                        | Empresas Copec SA                                                 | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50       | Long             | EC               | CORP              | CL        |     36989 | NS      | $275983.94    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                      | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    283189 | NS      | $12430083.71  | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Americanas SA                                            | Americanas SA                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    210800 | NS      | $384474.03    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Seegene, Inc.                                            | Seegene, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     62458 | NS      | $1351375.05   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Luxshare Precision Industry Co. Ltd.                     | Luxshare Precision Industry Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: 300300QLLDUELXN16530       | Long             | EC               | CORP              | CN        |    276407 | NS      | $1265034.10   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Steel Co.                                        | Hyundai Steel Co.                                                 | CUSIP: N/A<br>LEI: 9884006EYA94IB2C3132       | Long             | EC               | CORP              | KR        |     27244 | NS      | $664041.16    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** AQR Funds

**Signature:** Matt Plastina

**Name of Signer:** Matt Plastina

**Title:** Principal Financial Officer