# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-26-005266
**Filing Date:** 2026-6
**Character Count:** 97763
**Document Hash:** 659455a1db862abc335a8eb73790b026
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-005266.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001004726-26-005266

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 261120233

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund) (Series ID: S000022882)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000066372 | Victory Global Managed Volatility Fund Institutional Shares | UGOFX           |
| C000129296 | Victory Global Managed Volatility Fund Shares               | UGMVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Global Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000022882

- **c. LEI of Series:** 5493006MTEN1HWRZHP13

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $372813912.70

**Total Liabilities:** $692306.92

**Net Assets:** $372121605.78

**Cash Not Reported:** $1666437.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066372 | 1.36%                | -4.46%               | 7.75%                |
| Class ID C000129296 | 1.39%                | -4.49%               | 7.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $965069.02               | $4055448.46                                |
| Month 2  | $30574449.96             | $-48532188.58                              |
| Month 3  | $1931773.08              | $25954716.48                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AT&T INC.                                          | AT T INC                                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     86379 | NS      | $2257083.27   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| ABBVIE INC.                                        | ABBVIE INC                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     13591 | NS      | $2872050.12   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| ADOBE INC.                                         | ADOBE INC                                      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      2966 | NS      | $729932.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| THE ALLSTATE CORPORATION                           | ALLSTATE CORP THE                              | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      9249 | NS      | $2009437.74   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| ALPHABET INC.                                      | ALPHABET INC CLASS C                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     32022 | NS      | $12230482.68  | 3.29%             |  |  |  | No            | 1                  | On Loan: No      |
| ALPHABET INC.                                      | ALPHABET INC CLASS A                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15972 | NS      | $6146025.60   | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group, Inc.                                 | ALTRIA GROUP INC                               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     27777 | NS      | $2017999.05   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN EXPRESS COMPANY                           | AMERICAN EXPRESS CO                            | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5770 | NS      | $1863998.50   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| BRITISH AMERICAN TOBACCO P.L.C.                    | BRITISH AMERICAN TOBACCO PLC                   | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     14601 | NS      | $859769.72    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| CENCORA, INC.                                      | CENCORA INC                                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4875 | NS      | $1501548.75   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                         | AMERIPRISE FINANCIAL INC                       | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      3463 | NS      | $1644197.77   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| AMPHENOL CORPORATION                               | AMPHENOL CORP CLASS A                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     12254 | NS      | $1804646.58   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLE INC.                                         | APPLE INC                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     71711 | NS      | $19458779.85  | 5.23%             |  |  |  | No            | 1                  | On Loan: No      |
| IMPERIAL BRANDS PLC                                | IMPERIAL BRANDS PLC                            | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     40644 | NS      | $1543897.36   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                    | AUTOMATIC DATA PROCESSING INC                  | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2399 | NS      | $508444.06    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC HOLDINGS PLC                              | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    144491 | NS      | $2658134.08   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| BARRICK MINING CORPORATION                         | BARRICK MINING CORP                            | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      7903 | NS      | $310545.66    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| RIO TINTO PLC                                      | RIO TINTO PLC                                  | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     15796 | NS      | $1590950.14   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| BP P.L.C.                                          | BP PLC                                         | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |     81749 | NS      | $646995.99    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| BEST BUY CO., INC.                                 | BEST BUY CO INC                                | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     16139 | NS      | $976248.11    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| BOOKING HOLDINGS INC.                              | BOOKING HOLDINGS INC                           | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     10536 | NS      | $1773840.96   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| GREAT BRITISH POUND                                | GREAT BRITISH POUND                            | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |       316 | NS      | $429.77       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| CANADIAN DOLLAR                                    | CANADIAN DOLLAR                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |     -6172 | NS      | $-4544.53     | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| INDIAN RUPEE                                       | INDIA RUPEE                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |    858505 | NS      | $9045.64      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| INDIAN RUPEE                                       | INDIA RUPEE                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |   -858505 | NS      | $-9045.64     | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| ISRAELI SHEKEL                                     | ISRAELI SHEKEL                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IL        |    -14197 | NS      | $-4820.42     | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| DANISH KRONER                                      | DANISH KRONER                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | DK        |       286 | NS      | $44.89        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NORWEGIAN KRONE                                    | NORWEGIAN KRONE                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | NO        |     24153 | NS      | $2607.73      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| SWEDISH KRONE                                      | SWEDISH KRONE                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SE        |     15451 | NS      | $1674.11      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BRAZILIAN REAL                                     | BRAZILIAN REAL                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | BR        |    161148 | NS      | $32545.93     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| JAPANESE YEN                                       | JAPANESE YEN                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | JP        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                       | BRISTOL MYERS SQUIBB CO                        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     39214 | NS      | $2375976.26   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| THAILAND BAHT                                      | THAILAND BAHT                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | TH        |   1319792 | NS      | $40492.60     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| HUNGARIAN FORINT                                   | HUNGARIAN FORINT                               | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HU        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| POLISH ZLOTY                                       | POLISH ZLOTY                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | PL        |        33 | NS      | $9.22         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                       | CF INDUSTRIES HOLDINGS INC                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     12176 | NS      | $1512259.20   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| C.H. ROBINSON WORLDWIDE, INC.                      | CH ROBINSON WORLDWIDE INC                      | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      8618 | NS      | $1566838.58   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| THE CIGNA GROUP                                    | CIGNA GROUP THE                                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      4894 | NS      | $1422098.52   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| CVS HEALTH CORPORATION                             | CVS HEALTH CORP                                | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     22625 | NS      | $1884436.25   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                 | CANADIAN IMPERIAL BANK OF COMM                 | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     11423 | NS      | $1274763.74   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                  | CAPITAL ONE FINANCIAL CORP                     | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      9035 | NS      | $1728395.50   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| CARDINAL HEALTH, INC.                              | CARDINAL HEALTH INC                            | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     11202 | NS      | $2160641.76   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                               | EURO                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |     42353 | NS      | $49701.60     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| CATERPILLAR INC.                                   | CATERPILLAR INC                                | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      3026 | NS      | $2693472.86   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| CELESTICA INC.                                     | CELESTICA INC                                  | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      2251 | NS      | $924265.70    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CISCO SYSTEMS, INC.                                | CISCO SYSTEMS INC                              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     44229 | NS      | $4046953.50   | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC.                                     | CITIGROUP INC                                  | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      8913 | NS      | $1140685.74   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                          | COMFORT SYSTEMS USA INC                        | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1418 | NS      | $2609474.50   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| VALE S.A.                                          | VALE SA                                        | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |     73697 | NS      | $1208289.06   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| CUMMINS INC.                                       | CUMMINS INC                                    | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      2009 | NS      | $1348059.09   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.           | GRUPO FINANCIERO BANORTE SAB DE CV             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     61036 | NS      | $662867.28    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| DELTA AIR LINES, INC.                              | DELTA AIR LINES INC                            | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     12634 | NS      | $858985.66    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| DOLLAR GENERAL CORPORATION                         | DOLLAR GENERAL CORP                            | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     10773 | NS      | $1248375.24   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| DOLLAR TREE, INC.                                  | DOLLAR TREE INC                                | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     14243 | NS      | $1383137.73   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| DOLLARAMA INC.                                     | DOLLARAMA INC                                  | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      5462 | NS      | $698132.23    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| DROPBOX, INC.                                      | DROPBOX INC                                    | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9279 | NS      | $225386.91    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Mexico, S.A.B. de C.V.                       | GRUPO MEXICO SAB DE CV SERIES B                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     96520 | NS      | $1056633.02   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)               | PETROLEO BRASILEIRO SA                         | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |     68000 | NS      | $674039.67    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| EOG RESOURCES, INC.                                | EOG RESOURCES INC                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     13379 | NS      | $1880686.03   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| EBAY INC.                                          | EBAY INC                                       | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     17574 | NS      | $1818557.52   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| EDISON INTERNATIONAL                               | EDISON INTERNATIONAL                           | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     19330 | NS      | $1343241.70   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| EMCOR GROUP, INC.                                  | EMCOR GROUP INC                                | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2836 | NS      | $2528776.12   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Evergy, Inc.                                       | EVERGY INC                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     16694 | NS      | $1382930.96   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Eversource Energy                                  | EVERSOURCE ENERGY                              | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      7628 | NS      | $539299.60    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| EXPEDIA GROUP, INC.                                | EXPEDIA GROUP INC                              | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7577 | NS      | $1881899.49   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.       | EXPEDITORS INTERNATIONAL OF WASHINGTON INC     | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      9360 | NS      | $1384250.40   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| META PLATFORMS, INC.                               | META PLATFORMS INC                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4189 | NS      | $2563290.99   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| FERGUSON ENTERPRISES INC.                          | FERGUSON ENTERPRISES INC                       | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      5854 | NS      | $1567174.34   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC                   | FIDELITY NATIONAL FINANCIAL                    | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     19406 | NS      | $1014933.80   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXT PLC                                           | NEXT PLC                                       | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      6574 | NS      | $1160028.56   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| FORTINET, INC.                                     | FORTINET INC                                   | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      6575 | NS      | $554338.25    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| FOX CORPORATION                                    | FOX CORP CLASS A                               | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     13102 | NS      | $831845.98    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL DYNAMICS CORPORATION                       | GENERAL DYNAMICS CORP                          | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1326 | NS      | $456541.80    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL ELECTRIC COMPANY                           | GENERAL ELECTRIC CO                            | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      7127 | NS      | $2066331.11   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL MOTORS COMPANY                             | GENERAL MOTORS CO                              | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     31991 | NS      | $2459787.99   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| GILEAD SCIENCES, INC.                              | GILEAD SCIENCES INC                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     18665 | NS      | $2442128.60   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| GILDAN ACTIVEWEAR INC.                             | GILDAN ACTIVEWEAR INC                          | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     10131 | NS      | $628805.26    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| GODADDY INC.                                       | GODADDY INC CLASS A                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      8639 | NS      | $749778.81    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                      | GOLDMAN SACHS GROUP INC THE                    | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2834 | NS      | $2617964.18   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| BOUYGUES SA                                        | BOUYGUES                                       | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      8749 | NS      | $517348.71    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| HALLIBURTON COMPANY                                | HALLIBURTON CO                                 | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     47044 | NS      | $1989961.20   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| THALES SA                                          | THALES SA                                      | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |      2032 | NS      | $558195.68    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.                 | HARTFORD INSURANCE GROUP INC                   | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      5608 | NS      | $767230.48    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| D'IETEREN GROUP SA                                 | D IETEREN GROUP                                | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |      1481 | NS      | $305997.34    | 0.08%             |  |  |  | No            | 2                  | On Loan: —       |
| iA Financial Corporation Inc.                      | IA FINANCIAL CORP INC                          | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |      6816 | NS      | $877317.86    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| GEA Group Aktiengesellschaft                       | MG TECHNOLOGIES AG                             | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |      9993 | NS      | $683251.38    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.                    | INTERACTIVE BROKERS GROUP INC                  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     20596 | NS      | $1637382.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION        | INTERNATIONAL BUSINESS MACHINES CORP           | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      7902 | NS      | $1825203.96   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| GENMAB A/S                                         | GENMAB A S                                     | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      2474 | NS      | $655154.67    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Continental Aktiengesellschaft                     | CONTINENTAL AG                                 | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |      8006 | NS      | $605682.27    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Post AG                                   | DHL GROUP                                      | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     15787 | NS      | $934697.32    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| OMV Aktiengesellschaft                             | OMV AG                                         | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     10487 | NS      | $740185.28    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO.                               | JPMORGAN CHASE CO                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     15842 | NS      | $4962189.66   | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| JABIL INC.                                         | JABIL INC                                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      6404 | NS      | $2161285.96   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| TELENOR ASA                                        | TELENOR ASA                                    | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |     44402 | NS      | $732122.54    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK OF RUSSIA PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    409312 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| JOHNSON & JOHNSON                                  | JOHNSON JOHNSON                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     13943 | NS      | $3204798.55   | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA CORPORATION                                    | KLA CORP                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1589 | NS      | $2781306.15   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| E.ON SE                                            | E ON SE                                        | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     34330 | NS      | $762187.67    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| KINROSS GOLD CORPORATION                           | KINROSS GOLD CORP                              | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     19962 | NS      | $604797.75    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| THE KROGER CO.                                     | KROGER CO THE                                  | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     19504 | NS      | $1327637.28   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayer Aktiengesellschaft                           | BAYER AG                                       | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |      6691 | NS      | $299971.35    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Heidelberg Materials AG                            | HEIDELBERG MATERIALS AG                        | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      5642 | NS      | $1244712.06   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| LAM RESEARCH CORPORATION                           | LAM RESEARCH CORP                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      9867 | NS      | $2544304.62   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| ORANGE SA                                          | ORANGE SA                                      | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     54847 | NS      | $1141899.70   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| LAS VEGAS SANDS CORP.                              | LAS VEGAS SANDS CORP                           | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     24055 | NS      | $1313643.55   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Allianz SE                                         | ALLIANZ SE                                     | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      1424 | NS      | $650305.19    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| LEIDOS HOLDINGS, INC.                              | LEIDOS HOLDINGS INC                            | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      8993 | NS      | $1341935.46   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa, Sociedad Anonima                           | ENDESA SA                                      | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |     22845 | NS      | $1024439.09   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| LOBLAW COMPANIES LIMITED                           | LOBLAW COMPANIES LTD                           | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     29408 | NS      | $1355859.93   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                        | LOCKHEED MARTIN CORP                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2991 | NS      | $1549248.27   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| LOEWS CORPORATION                                  | LOEWS CORP                                     | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     13402 | NS      | $1509199.22   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.              | BANCO BILBAO VIZCAYA ARGENTARIA SA             | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |     85562 | NS      | $1889177.02   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| Lundin Gold Inc.                                   | LUNDIN GOLD INC                                | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      4997 | NS      | $335868.16    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| MANULIFE FINANCIAL CORPORATION                     | MANULIFE FINANCIAL CORP                        | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     25009 | NS      | $983456.55    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                     | MARATHON PETROLEUM CORP                        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      7465 | NS      | $1853484.85   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Wolters Kluwer N.V.                                | WOLTERS KLUWER NV                              | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      2450 | NS      | $191187.24    | 0.05%             |  |  |  | No            | 2                  | On Loan: —       |
| Banco Santander, S.A.                              | BANCO SANTANDER SA                             | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    112417 | NS      | $1371575.60   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                   | DEUTSCHE BANK AG                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     29820 | NS      | $926362.11    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| MASTERCARD INCORPORATED                            | MASTERCARD INC CLASS A                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2214 | NS      | $1113464.88   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| MCKESSON CORPORATION                               | MCKESSON CORP                                  | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      2789 | NS      | $2273592.80   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Telekom AG                                | DEUTSCHE TELEKOM AG REG                        | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     24983 | NS      | $806865.49    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| MercadoLibre, Inc.                                 | MERCADOLIBRE INC                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       182 | NS      | $326258.66    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| MERCK & CO., INC.                                  | MERCK CO INC                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     22890 | NS      | $2499130.20   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| MICROSOFT CORPORATION                              | MICROSOFT CORP                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12374 | NS      | $5045869.72   | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN N.V.                               | KONINKLIJKE KPN NV                             | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    197562 | NS      | $1056338.74   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                    | TELEFONAKTIEBOLAGET LM ERICSSON                | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     54486 | NS      | $650213.36    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Zurich Insurance Group AG                          | ZURICH INSURANCE GROUP AG                      | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       499 | NS      | $347979.60    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| ACCTON TECHNOLOGY CORPORATION                      | ACCTON TECHNOLOGY CORP                         | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      9000 | NS      | $659222.49    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| ASICS Corporation                                  | ASICS CORP                                     | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     19100 | NS      | $542446.34    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK HAPOALIM B.M.                                 | BANK HAPOALIM BM                               | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |     15960 | NS      | $428578.02    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK LEUMI LE ISRAEL B.M.                          | BANK LEUMI LE ISRAEL BM                        | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     53325 | NS      | $1351072.18   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| FORTESCUE LTD                                      | FORTESCUE LTD                                  | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     56125 | NS      | $808767.60    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                       | MONSTER BEVERAGE CORP                          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     12979 | NS      | $1000291.53   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP GROUP LIMITED                                  | BHP GROUP LIMITED                              | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     45997 | NS      | $1820157.58   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| COMPUTERSHARE LIMITED                              | COMPUTERSHARE LTD                              | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |     20408 | NS      | $448255.29    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Central Japan Railway Company                      | CENTRAL JAPAN RAILWAY CO                       | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |     21400 | NS      | $513445.15    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Chubu Electric Power Company, Incorporated         | CHUBU ELECTRIC POWER CO INC                    | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |     27600 | NS      | $474734.28    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO., LTD.                    | CHUGAI PHARMACEUTICAL COMPANY LTD              | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |      7600 | NS      | $405341.97    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                           | MOTOROLA SOLUTIONS INC                         | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      3331 | NS      | $1462408.93   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| INFOSYS LIMITED                                    | INFOSYS LIMITED                                | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     49215 | NS      | $619609.55    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| PetroChina Company Limited                         | PETROCHINA CO LTD                              | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    928000 | NS      | $1431489.56   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| KDDI CORPORATION                                   | KDDI CORP                                      | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |     24400 | NS      | $399332.71    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| DELTA ELECTRONICS, INC.                            | DELTA ELECTRONICS INC                          | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     38000 | NS      | $2665145.48   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Fields Limited                                | GOLD FIELDS LTD                                | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     22854 | NS      | $968582.66    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Pro Medicus Ltd                                    | PRO MEDICUS LTD                                | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |      1767 | NS      | $173391.23    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| NRG ENERGY, INC.                                   | NRG ENERGY INC                                 | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     10571 | NS      | $1644636.18   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| NVR, Inc.                                          | NVR INC                                        | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        37 | NS      | $233687.19    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| HCL TECHNOLOGIES LIMITED                           | HCL TECHNOLOGIES LTD                           | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     31254 | NS      | $397541.01    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                         | SINGAPORE EXCHANGE LTD                         | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |     54700 | NS      | $935521.62    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| SBI Holdings, Inc.                                 | SBI HOLDINGS INC JAPAN                         | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |     39400 | NS      | $795089.79    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| SUBARU CORPORATION                                 | SUBARU CORP                                    | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     47400 | NS      | $706100.33    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Fujitsu Limited                                    | FUJITSU LTD                                    | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |     31300 | NS      | $628293.27    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| MediaTek Inc.                                      | MEDIATEK INC                                   | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     10000 | NS      | $834934.72    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| NETAPP, INC.                                       | NETAPP INC                                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     11905 | NS      | $1318716.85   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| BHARTI AIRTEL LIMITED                              | BHARTI AIRTEL LTD                              | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |     22761 | NS      | $455017.33    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| SK hynix Inc.                                      | SK HYNIX INC                                   | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      4217 | NS      | $3761853.79   | 1.01%             |  |  |  | No            | 2                  | On Loan: No      |
| ISUZU MOTORS LIMITED                               | ISUZU MOTORS LTD                               | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     40900 | NS      | $563595.11    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| KIA CORPORATION                                    | KIA CORP                                       | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     17837 | NS      | $1840359.15   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokio Marine Holdings, Inc.                        | TOKIO MARINE HOLDINGS INC                      | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     23000 | NS      | $1053426.66   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| NEWMONT CORPORATION                                | NEWMONT CORP                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     18248 | NS      | $2027170.32   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                   | BOC HONG KONG HOLDINGS LTD                     | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    263000 | NS      | $1512864.11   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| NISOURCE INC.                                      | NISOURCE INC                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     32471 | NS      | $1567699.88   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED              | SUN PHARMACEUTICAL INDUSTRIES LTD              | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     32555 | NS      | $623653.26    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRSTRAND LIMITED                                  | FIRSTRAND LTD                                  | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    136189 | NS      | $722410.07    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| NEC Corporation                                    | NEC CORP                                       | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     22000 | NS      | $585256.29    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| NITTO DENKO CORPORATION                            | NITTO DENKO CORP                               | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     37400 | NS      | $711425.81    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| NUCOR CORPORATION                                  | NUCOR CORP                                     | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      7097 | NS      | $1598883.13   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA CORPORATION                                 | NVIDIA CORP                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    107162 | NS      | $21386320.34  | 5.75%             |  |  |  | No            | 1                  | On Loan: No      |
| QANTAS AIRWAYS LIMITED                             | QANTAS AIRWAYS LIMITED                         | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |     55334 | NS      | $338264.27    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| China Life Insurance Company Limited               | CHINA LIFE INSURANCE CO                        | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |    304000 | NS      | $1121500.24   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Zijin Mining Group Company Limited                 | ZIJIN MINING GROUP CO LTD                      | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |    136000 | NS      | $631599.93    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co., Ltd.                      | SAMSUNG ELECTRONICS CO LTD                     | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     18378 | NS      | $2768431.90   | 0.74%             |  |  |  | No            | 2                  | On Loan: No      |
| Shionogi & Co., Ltd.                               | SHIONOGI CO LTD                                | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     43300 | NS      | $874870.96    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| SUMITOMO CORPORATION                               | SUMITOMO CORP                                  | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     42800 | NS      | $1591549.48   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| SUZUKI MOTOR CORPORATION                           | SUZUKI MOTOR CO                                | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |     97900 | NS      | $1094962.79   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| ADVANTEST CORPORATION                              | ADVANTEST CORP                                 | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      5600 | NS      | $1045723.99   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited | TAIWAN SEMICONDUCTOR MANUFACTU                 | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     93000 | NS      | $6457148.99   | 1.74%             |  |  |  | No            | 2                  | On Loan: No      |
| TOYOTA TSUSHO CORPORATION                          | TOYOTA TSUSHO CORPORATION                      | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     36100 | NS      | $1417269.73   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                   | PACKAGING CORP OF AMERICA                      | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      3271 | NS      | $698194.95    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| PAYPAL HOLDINGS, INC.                              | PAYPAL HOLDINGS INC                            | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     43450 | NS      | $2178583.00   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                                        | NOVARTIS AG                                    | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     14357 | NS      | $2122223.69   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Holcim AG                                          | HOLCIM LTD                                     | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      5069 | NS      | $471134.09    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| ENEL - SPA                                         | ENEL SPA                                       | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    107355 | NS      | $1253285.67   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| PFIZER INC.                                        | PFIZER INC                                     | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     69825 | NS      | $1864327.50   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc.                   | PHILIP MORRIS INTERNATIONAL INC                | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     13569 | NS      | $2239834.83   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| PDD Holdings Inc.                                  | PDD HOLDINGS INC                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | KY        |      7734 | NS      | $772471.92    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| OTP Bank Nyrt.                                     | OTP BANK PLC                                   | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     12495 | NS      | $1677559.84   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                       | COMPAGNIE DE SAINT GOBAIN                      | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     10903 | NS      | $998805.03    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| THE PROGRESSIVE CORPORATION                        | PROGRESSIVE CORP                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      6595 | NS      | $1327441.60   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| QUALCOMM INCORPORATED                              | QUALCOMM INC                                   | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     11359 | NS      | $2039849.22   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                      | REGIONS FINANCIAL CORP                         | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     59472 | NS      | $1697925.60   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| RELIANCE, INC.                                     | RELIANCE INC                                   | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      4035 | NS      | $1462687.50   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| ROLLINS, INC.                                      | ROLLINS INC                                    | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     16712 | NS      | $931359.76    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| SEI INVESTMENTS COMPANY                            | SEI INVESTMENTS CO                             | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      7969 | NS      | $722628.92    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                     | THE CHARLES SCHWAB CORP                        | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      5825 | NS      | $533803.00    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| STEEL DYNAMICS, INC.                               | STEEL DYNAMICS INC                             | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      9785 | NS      | $2237438.10   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| SUN LIFE FINANCIAL INC                             | SUN LIFE FINANCIAL INC                         | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |     11235 | NS      | $809578.45    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Suncor Energy Inc.                                 | SUNCOR ENERGY INC                              | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     24010 | NS      | $1645450.45   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| SYNCHRONY FINANCIAL                                | SYNCHRONY FINANCIAL                            | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     24757 | NS      | $1886483.40   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| THE TJX COMPANIES, INC.                            | TJX COS INC                                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      6717 | NS      | $1052889.75   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| T-MOBILE US, INC.                                  | T MOBILE US INC                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      6061 | NS      | $1184925.50   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| TAPESTRY, INC.                                     | TAPESTRY INC                                   | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     10652 | NS      | $1544966.08   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| TEVA PHARMACEUTICAL INDUSTRIES LIMITED             | TEVA PHARMACEUTICAL INDUSTRIES LTD             | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |      5408 | NS      | $189658.56    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| 3M COMPANY                                         | 3M CO                                          | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     10572 | NS      | $1549009.44   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                     | UNITED AIRLINES HOLDINGS INC                   | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      6220 | NS      | $559800.00    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITED RENTALS, INC.                               | UNITED RENTALS INC                             | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       628 | NS      | $602779.52    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                    | UNITEDHEALTH GROUP INC                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1970 | NS      | $729845.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| VALERO ENERGY CORPORATION                          | VALERO ENERGY CORP                             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      8635 | NS      | $2181028.30   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| VERISIGN, INC.                                     | VERISIGN INC                                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      6343 | NS      | $1704110.38   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                        | VERIZON COMMUNICATIONS INC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     36609 | NS      | $1758330.27   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                           | VIPSHOP HOLDINGS LTD ADR                       | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             |  | CORP              | KY        |     26495 | NS      | $381263.05    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| WALMART INC.                                       | WALMART INC                                    | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     28197 | NS      | $3720030.21   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| WELLS FARGO & COMPANY                              | WELLS FARGO CO                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     22337 | NS      | $1836771.51   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| GEORGE WESTON LIMITED                              | GEORGE WESTON LIMITED                          | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |      7131 | NS      | $514689.98    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| ACS, Actividades de Construccion y Servicios, S.A. | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |      6612 | NS      | $952898.57    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                  | TATA CONSULTANCY SERVICES LTD                  | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |      8374 | NS      | $219765.83    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| STANDARD BANK GROUP LIMITED                        | STANDARD BANK GROUP LTD                        | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |     37156 | NS      | $716369.28    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| CENTRICA PLC                                       | CENTRICA PLC                                   | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    366089 | NS      | $1069060.98   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Itau Unibanco Holding S.A.                         | ITAU UNIBANCO HOLDING S PREF                   | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    164603 | NS      | $1435796.66   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| SAFRAN SA                                          | SAFRAN SA                                      | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      1640 | NS      | $526558.43    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| ENGIE SA                                           | ENGIE                                          | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     86576 | NS      | $2853405.83   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED        | OVERSEA CHINESE BANKING CORP LTD               | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |     56900 | NS      | $981904.32    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| IPSEN SA                                           | IPSEN SA                                       | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |      2688 | NS      | $527861.44    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| INPEX CORPORATION                                  | INPEX CORP                                     | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |     16500 | NS      | $430199.20    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Norsk Hydro ASA                                    | NORSK HYDRO ASA                                | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     52151 | NS      | $577560.93    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Schindler Holding AG                               | SCHINDLER HOLDING AG                           | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |      1147 | NS      | $401089.46    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| EIFFAGE SA                                         | EIFFAGE SA                                     | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      4458 | NS      | $718665.60    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Logitech international S.A.                        | LOGITECH INTERNATIONAL SA                      | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |      4892 | NS      | $482994.16    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| BRAMBLES LIMITED                                   | BRAMBLES LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     44969 | NS      | $735944.28    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED    | INDUSTRIAL COMMERCIAL BANK OF CHINA LTD        | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   1828000 | NS      | $1646979.13   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| Aktiebolaget Volvo                                 | VOLVO AB                                       | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     17767 | NS      | $619537.82    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| VINCI SA                                           | VINCI SA                                       | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      2478 | NS      | $374681.65    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| ANTA SPORTS PRODUCTS LIMITED                       | ANTA SPORTS PRODUCTS LTD                       | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     25800 | NS      | $270288.27    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Iberdrola, S.A.                                    | IBERDROLA SA                                   | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     58836 | NS      | $1379190.41   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| X 5 RETAIL GROUP NV REGS GDR                       | X 5 RETAIL GROUP NV REGS GDR                   | CUSIP: 98387E205<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     18705 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| International Consolidated Airlines Group, S.A.    | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA   | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |     88485 | NS      | $446325.12    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| TATNEFT PJSC                                       | TATNEFT PJSC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |     90761 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| LUKOIL PJSC                                        | LUKOIL PJSC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |     34009 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| MMC NORILSK NICKEL PJSC                            | MMC NORILSK NICKEL PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    524900 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                 | AGRICULTURAL BANK OF CHINA LTD                 | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   1255000 | NS      | $979048.43    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| SITC International Holdings Co Ltd                 | SITC INTERNATIONAL HOLDINGS CO LTD             | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    103000 | NS      | $431268.96    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Sompo Holdings, Inc.                               | SOMPO HOLDINGS INC                             | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     17900 | NS      | $666219.55    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                           | ROLLS ROYCE HOLDINGS PLC                       | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    109865 | NS      | $1767583.81   | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| Talanx Aktiengesellschaft                          | TALANX AG                                      | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |      4707 | NS      | $613434.43    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola HBC AG                                   | COCA COLA HBC AG                               | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     15614 | NS      | $910585.19    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                    | KONINKLIJKE AHOLD DELHAIZE NV                  | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     26671 | NS      | $1250935.60   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                         | BHARAT ELECTRONICS LTD                         | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |     64110 | NS      | $292692.75    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| JD.COM, INC.                                       | JD COM INC                                     | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     30150 | NS      | $456787.85    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| KUAISHOU TECHNOLOGY                                | KUAISHOU TECHNOLOGY                            | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |     38000 | NS      | $211544.90    | 0.06%             |  |  |  | Yes           | 2                  | On Loan: No      |
| TESCO PLC                                          | TESCO PLC                                      | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    106962 | NS      | $700588.02    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| WH GROUP LIMITED                                   | WH GROUP LTD                                   | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    601500 | NS      | $735681.09    | 0.20%             |  |  |  | Yes           | 2                  | On Loan: No      |
| NETEASE, INC.                                      | NETEASE INC                                    | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     11500 | NS      | $269212.42    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Siemens Energy AG                                  | SIEMENS ENERGY AG                              | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      7947 | NS      | $1683930.80   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Pop Mart International Group Ltd                   | POP MART INTERNATIONAL GROUP LTD               | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |     14600 | NS      | $297173.25    | 0.08%             |  |  |  | Yes           | 2                  | On Loan: —       |
| GSK PLC                                            | GSK PLC                                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     55558 | NS      | $1456330.56   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| SHELL PLC                                          | SHELL PLC                                      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     43330 | NS      | $1969724.03   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| CONSTELLATION SOFTWARE INC CANADA                  | CONSTELLATION SOFTWARE INC CANADA              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |      1403 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                              | ANGLOGOLD ASHANTI PLC                          | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     11157 | NS      | $1037277.49   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| RECKITT BENCKISER GROUP PLC                        | RECKITT BENCK GRP                              | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |      4331 | NS      | $275526.19    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Roche Holding AG                                   | ROCHE HOLDING AG                               | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      5109 | NS      | $2082316.44   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena, S.M.E., S.A.                                 | AENA SME SA                                    | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |     22815 | NS      | $623058.83    | 0.17%             |  |  |  | Yes           | 2                  | On Loan: No      |
| COLES GROUP LIMITED                                | COLES GROUP LTD                                | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |     25269 | NS      | $402654.60    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY                   | ACCENTURE PLC                                  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      6642 | NS      | $1186991.82   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| CREDICORP LTD.                                     | CREDICORP LTD                                  | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      2476 | NS      | $802644.92    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                         | CRH PLC                                        | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     14703 | NS      | $1741129.26   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| TE CONNECTIVITY PUBLIC LIMITED COMPANY             | TE CONNECTIVITY PLC                            | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     10254 | NS      | $2170361.64   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| TRANE TECHNOLOGIES PLC                             | TRANE TECHNOLOGIES PLC                         | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      4071 | NS      | $2005130.34   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND     | GLDMN SCHS FIN SQ GV-FST                       | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     77055 | NS      | $77054.94     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND               | HSBC US GOVT MMKT-I                            | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     77055 | NS      | $77054.94     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO              | INVESCO GVT & AGNCY-INST                       | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     77055 | NS      | $77054.94     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Government Portfolio                         | MSILF GOVERNMENT-INST                          | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     77055 | NS      | $77054.93     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol D. Trevino

**Name of Signer:** Carol D. Trevino

**Title:** Treasurer