# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-25-001609
**Filing Date:** 2025-10
**Character Count:** 152537
**Document Hash:** cf1e60ed7d36457181e39f9a4a935efc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-001609.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001004726-25-001609

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260228

**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:** 251422622

**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 International Fund (Formerly USAA International Fund) (Series ID: S000012903)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000034872 | Victory International Fund Shares               | USIFX           |
| C000066841 | Victory International Fund Institutional Shares | UIIFX           |
| C000204424 | Victory International Fund Class R6             | URITX           |

## 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 International Fund

- **b. EDGAR series identifier (if any):** S000012903

- **c. LEI of Series:** 549300U2K802QJ0KDM43

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2627789175.22

**Total Liabilities:** $19391965.57

**Net Assets:** $2608397209.65

**Cash Not Reported:** $26551195.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034872 | 3.51%                | -1.85%               | 4.23%                |
| Class ID C000066841 | 3.49%                | -1.83%               | 4.22%                |
| Class ID C000204424 | 3.50%                | -1.83%               | 4.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $34531447.83             | $49381670.94                               |
| Month 2  | $13021776.08             | $-60963221.50                              |
| Month 3  | $12950905.02             | $91280762.28                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MACQUARIE GROUP LIMITED.                                                  | MACQUARIE GROUP LTD                           | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |     95131 | NS      | $13949409.69  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies N.V.                                                     | TECHNIP ENERGIES NV                           | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |    148340 | NS      | $6855483.96   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia, SGPS, S.A.                                                  | GALP ENERGIA SGPS SA                          | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |    260893 | NS      | $5070719.10   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                                   | CANADIAN IMPERIAL BANK OF COMM                | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     42525 | NS      | $3285375.22   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO TRADER GROUP PLC                                                     | AUTO TRADER GROUP PLC                         | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |   1182332 | NS      | $12837568.47  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakaku.com Inc                                                            | KAKAKU COM INC                                | CUSIP: N/A<br>LEI: 353800KA15Y0DCPWYY65       | Long             | EC               | CORP              | JP        |    687800 | NS      | $12787560.55  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| GOODMAN GROUP                                                             | GOODMAN GROUP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |     76722 | NS      | $1716520.36   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OAO GAZPROM SPON ADS                                                      | OAO GAZPROM SPON ADS                          | CUSIP: 368287207<br>LEI: N/A                  | Long             |  | CORP              | RU        |    153287 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mitsubishi Estate Company, Limited                                        | MITSUBISHI ESTATE CO LTD                      | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |    216968 | NS      | $4622438.37   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLICIS GROUPE S.A.                                                      | PUBLICIS GROUPE                               | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     57781 | NS      | $5334925.07   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| PERSISTENT SYSTEMS LIMITED                                                | PERSISTENT SYSTEMS LTD                        | CUSIP: N/A<br>LEI: 3358006QYD77Z66S1J89       | Long             | EC               | CORP              | IN        |     22147 | NS      | $1330849.38   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                                         | SIEMENS ENERGY AG                             | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     23254 | NS      | $2473525.11   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HOYA CORPORATION                                                          | HOYA CORP                                     | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |    139400 | NS      | $18002088.87  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| BURBERRY GROUP PLC                                                        | BURBERRY GROUP PLC                            | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |    138367 | NS      | $2401783.23   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| YAMATO HOLDINGS CO.,LTD.                                                  | YAMATO HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    143730 | NS      | $2425323.84   | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| Japan Airlines Co., Ltd.                                                  | JAPAN AIRLINES CO LTD                         | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |     77341 | NS      | $1644863.76   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AMBEV S.A.                                                                | AMBEV SA                                      | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |   1293802 | NS      | $2947293.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                             | HYUNDAI ELECTRIC ENERGY SYSTEMS CO LTD        | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |      9788 | NS      | $3433245.77   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| QANTAS AIRWAYS LIMITED                                                    | QANTAS AIRWAYS LIMITED                        | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    883475 | NS      | $6767838.75   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| RENAULT SA                                                                | RENAULT SA                                    | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |     50912 | NS      | $2003498.67   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ENI S.P.A.                                                                | ENI SPA                                       | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    359727 | NS      | $6430067.37   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| REXEL SA                                                                  | REXEL SA                                      | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |    512315 | NS      | $16585316.65  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                                 | SHELL PLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1129384 | NS      | $404319.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                                                  | DAIMLER TRUCK HOLDING AG                      | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |     91418 | NS      | $4299816.69   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Melexis NV                                                                | MELEXIS NV                                    | CUSIP: N/A<br>LEI: 549300QRPSGOJRPUFO80       | Long             | EC               | CORP              | BE        |     92854 | NS      | $7350723.50   | 0.28%             |  |  |  | No            |                  2 | On Loan: —       |
| VARUN BEVERAGES LIMITED                                                   | VARUN BEVERAGES LTD                           | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |    184155 | NS      | $1017918.41   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| RTL Group S.A.                                                            | RTL GROUP S A                                 | CUSIP: N/A<br>LEI: 5493000C8J3C3SZYS040       | Long             | EC               | CORP              | LU        |     27549 | NS      | $1135528.06   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service Public Company Limited                              | ADVANCED INFO SERVICE NVDR                    | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             |  | CORP              | TH        |    164000 | NS      | $1491526.34   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TELEFONICA BRASIL S.A                                                     | TELEFONICA BRASIL SA                          | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    639992 | NS      | $3998326.82   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZUKI MOTOR CORPORATION                                                  | SUZUKI MOTOR CO                               | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    138300 | NS      | $1830277.42   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co., Ltd.                                                     | WUXI APPTEC CO LTD                            | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |    115700 | NS      | $1612334.77   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc.                                                 | HANA FINANCIAL GROUP INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     59288 | NS      | $3495994.12   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| INFOSYS LIMITED                                                           | INFOSYS LIMITED                               | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     89357 | NS      | $1498879.26   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| INCHCAPE PLC                                                              | INCHCAPE PLC                                  | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |    235051 | NS      | $2120360.39   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PERSOL HOLDINGS CO.,LTD.                                                  | PERSOL HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: 3538000H6OI725NB2008       | Long             | EC               | CORP              | JP        |    965090 | NS      | $1800077.17   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLC                                                        | ANGLO AMERICAN ORD NPV                        | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     58516 | NS      | $1801737.57   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MINTH GROUP LIMITED                                                       | MINTH GROUP LTD                               | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | KY        |    850000 | NS      | $3611194.09   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                             | MAHINDRA MAHINDRA LTD                         | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     41871 | NS      | $1519334.69   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                   | ROYAL BANK OF CANADA                          | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     22793 | NS      | $3312719.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ELITE MATERIAL CO., LTD.                                                  | ELITE MATERIAL CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    299000 | NS      | $11835552.50  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries N.V.                                          | BE SEMICONDUCTOR INDUSTRIES                   | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |     22264 | NS      | $2998638.28   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| REPLY S.P.A.                                                              | REPLY SPA                                     | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |     22634 | NS      | $3261042.99   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                            | ING GROEP NV                                  | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |   1438357 | NS      | $34337676.97  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                                                 | FRESENIUS MEDICAL CARE AG                     | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     28851 | NS      | $1487099.89   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                                                   | ABB LIMITED                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     64714 | NS      | $4343842.24   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE Aktiengesellschaft                                                    | RWE AG                                        | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |    297133 | NS      | $11898416.89  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc.                                                             | SK HYNIX INC                                  | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     18103 | NS      | $3450165.86   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM China Holdings Limited                                                | MGM CHINA HOLDINGS LIMITED                    | CUSIP: N/A<br>LEI: 529900VZFN87OS7WJM66       | Long             | EC               | CORP              | KY        |   1565600 | NS      | $3216140.21   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                                                   | IMI PLC                                       | CUSIP: N/A<br>LEI: 2138002W9Q21PF751R30       | Long             | EC               | CORP              | GB        |    122301 | NS      | $3757696.15   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| LOTTOMATICA GROUP S.P.A.                                                  | LOTTOMATICA GROUP SPA                         | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |    102823 | NS      | $2795697.26   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MENGNIU DAIRY COMPANY LIMITED                                       | CHINA MENGNIU DAIRY CO LTD                    | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | KY        |    588086 | NS      | $1157868.97   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                                                | ARISTOCRAT LEISURE LTD                        | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |    458755 | NS      | $21747611.60  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| COCA-COLA ICECEK ANONIM SIRKETI                                           | COCA COLA ICECEK AS                           | CUSIP: N/A<br>LEI: 789000WT80VVLUWJDK41       | Long             | EC               | CORP              | TR        |    214946 | NS      | $257772.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI GAS CHEMICAL COMPANY,INC.                                      | MITSUBISHI GAS CHEMICAL CO INC                | CUSIP: N/A<br>LEI: 529900G5O4J27ZPLJJ89       | Long             | EC               | CORP              | JP        |     96680 | NS      | $1744500.72   | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| AerCap Holdings N.V.                                                      | AERCAP HOLDINGS NV                            | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     59712 | NS      | $7374432.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC Property and Casualty Company Limited                                | PICC PROPERTY CASUALTY CO LTD                 | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   1576000 | NS      | $3808973.49   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| PROXIMUS NV                                                               | PROXIMUS                                      | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | EC               | CORP              | BE        |    126740 | NS      | $1098542.15   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX CORPORATION                                                          | ORIX CORP                                     | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    170300 | NS      | $4398956.53   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MOBILE TELESYSTEMS PJSC                                                   | MOBILE TELESYSTEMS PJSC                       | CUSIP: 607409109<br>LEI: N/A                  | Long             |  | CORP              | RU        |    177615 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atlas Copco Aktiebolag                                                    | ATLAS COPCO AB                                | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |   1292699 | NS      | $18387108.57  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE MINIERE BARRICK                                                   | BARRICK MINING CORP                           | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    150767 | NS      | $4021697.65   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                                                  | KONAMI GROUP CORP                             | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |     48900 | NS      | $7376749.68   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| FDJ UNITED                                                                | FDJ UNITED                                    | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |     74983 | NS      | $2413317.58   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud S.A.                                                             | CENCOSUD SA                                   | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |   2150479 | NS      | $6818005.78   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC Financial Holding Co., Ltd.                                          | CTBC FINANCIAL HOLDING CO LTD                 | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   1263000 | NS      | $1694169.59   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSEN SA                                                                  | IPSEN SA                                      | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |     13355 | NS      | $1815538.92   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| J SAINSBURY PLC                                                           | J SAINSBURY PLC                               | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |    354286 | NS      | $1433411.31   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INFORMA PLC                                                               | INFORMA PLC                                   | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |    175914 | NS      | $2071880.09   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                                              | DAI ICHI LIFE HOLDINGS INC                    | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               | CORP              | JP        |    130686 | NS      | $1072462.48   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EIFFAGE SA                                                                | EIFFAGE SA                                    | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |    117401 | NS      | $14773071.78  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ASICS Corporation                                                         | ASICS CORP                                    | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |    371200 | NS      | $9979465.08   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco S.A.                                                       | BANCO BRADESCO SA                             | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             |  | CORP              | BR        |   1679656 | NS      | $5223730.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                                               | PANDORA A S                                   | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |    127493 | NS      | $17627577.85  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Asmedia Technology Inc                                                    | ASMEDIA TECHNOLOGY INC                        | CUSIP: N/A<br>LEI: 529900CQG67FQMMNX678       | Long             | EC               | CORP              | TW        |     49000 | NS      | $2613649.23   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY                              | HIKMA PHARMACEUTICALS PLC                     | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |    234299 | NS      | $5659367.13   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                     | SCHNEIDER ELECTRIC SA                         | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     20002 | NS      | $4913781.60   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries, Ltd.                                        | SUMITOMO ELECTRIC INDUSTRIES LTD              | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |    301400 | NS      | $8442762.36   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| HINDALCO INDUSTRIES LIMITED                                               | HINDALCO INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    272067 | NS      | $2174326.35   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                                        | GILDAN ACTIVEWEAR INC                         | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     26848 | NS      | $1465964.93   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED                            | FISHER PAYKEL HEALTHCARE CORP LTD             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NZ        |    414214 | NS      | $8933217.32   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ISUZU MOTORS LIMITED                                                      | ISUZU MOTORS LTD                              | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     28352 | NS      | $371409.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CELESTICA INC.                                                            | CELESTICA INC                                 | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     47114 | NS      | $9177829.15   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                                                   | KB FINANCIAL GROUP INC                        | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     44124 | NS      | $3447184.44   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                                                                   | ICG PLC                                       | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |     90121 | NS      | $2657079.37   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera, S.A.B. de C.V.                                                   | GENTERA SAB DE CV                             | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |   1035304 | NS      | $2529799.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VALTERRA PLATINUM LIMITED                                                 | VALTERRA PLATINUM LTD                         | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      6820 | NS      | $309938.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CARREFOUR SA                                                              | CARREFOUR SA                                  | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    200639 | NS      | $2904562.60   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Limited                                             | ALIBABA GROUP HOLDING LTD                     | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    556296 | NS      | $9211316.55   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                                            | BAWAG GROUP AG                                | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |    112768 | NS      | $14579116.14  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                           | NORDEA BANK ABP                               | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |   1092230 | NS      | $16666242.22  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                                          | ARCELORMITTAL                                 | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     52906 | NS      | $1762395.85   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                                           | ASTRAZENECA PLC                               | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     38583 | NS      | $6149801.80   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tohoku Electric Power Company, Incorporated                               | TOHOKU ELECTRIC POWER CO INC                  | CUSIP: N/A<br>LEI: 353800KTF7EYIIYHY088       | Long             | EC               | CORP              | JP        |    242000 | NS      | $1858870.52   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN POST INSURANCE Co.,Ltd.                                             | JAPAN POST INSURANCE CO LTD                   | CUSIP: N/A<br>LEI: 54930042SK2Z708BA841       | Long             | EC               | CORP              | JP        |    137680 | NS      | $3855285.13   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KIA CORPORATION                                                           | KIA CORP                                      | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     19667 | NS      | $1488447.93   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                                    | AXA SA                                        | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    130442 | NS      | $6075140.53   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL LIMITED                                                               | CSL LTD                                       | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |     63075 | NS      | $8772210.84   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| PRADA S.P.A.                                                              | PRADA S P A                                   | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |    727800 | NS      | $4291595.08   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co., Ltd.                                                | STANLEY ELECTRIC CO LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     63191 | NS      | $1279978.96   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                                           | SANDOZ GROUP AG                               | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |    112542 | NS      | $7063277.48   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co., Ltd.                                   | SUMITOMO REALTY DEVELOPMENT                   | CUSIP: N/A<br>LEI: 353800SO2DCLOI3LNZ64       | Long             | EC               | CORP              | JP        |    317000 | NS      | $13023597.45  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER HALL GROUP                                                        | CHARTER HALL GROUP                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |    138615 | NS      | $2121063.97   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Company SJSC                                              | ETIHAD ETISALAT CO                            | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     86472 | NS      | $1474778.80   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                     | INVESCO GVT & AGNCY-INST                      | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3826368 | NS      | $3826368.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings, Ltd.                                                | ASAHI BREWERIES LTD                           | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |    331900 | NS      | $4171324.11   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental Aktiengesellschaft                                            | CONTINENTAL AG                                | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |     28648 | NS      | $2511779.63   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSE SPON ADR                                                      | LUKOIL PJSE SPON ADR                          | CUSIP: 69343P105<br>LEI: N/A                  | Long             |  | CORP              | RU        |     34917 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Titan SA                                                                  | TITAN CEMENT INTERNATIONAL SA                 | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |     43604 | NS      | $1893368.86   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                                           | SHINHAN FINANCIAL GROUP CO LTD                | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |    117270 | NS      | $5496464.66   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                                                   | GSK PLC                                       | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    427420 | NS      | $8444645.73   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SCENTRE GROUP                                                             | SCENTRE GROUP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | AU        |   5768697 | NS      | $15371679.60  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                                    | EMAAR DEVELOPMENT PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   1465372 | NS      | $5877951.79   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                               | RELX PLC                                      | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     32734 | NS      | $1528773.50   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                                           | NORSK HYDRO ASA                               | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    809680 | NS      | $5250183.19   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| OBEROI REALTY LIMITED                                                     | OBEROI REALTY LTD                             | CUSIP: N/A<br>LEI: 335800TCKG1XQXN51L44       | Long             | EC               | CORP              | IN        |    189689 | NS      | $3466776.04   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MatsukiyoCocokara & Co.                                                   | MATSUKIYOCOCOKARA CO                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    243900 | NS      | $5038544.24   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| JAMES HARDIE INDUSTRIES PUBLIC LIMITED COMPANY                            | JAMES HARDIE INDUSTRIES PLC                   | CUSIP: N/A<br>LEI: 635400NSGXKTVOO7JU45       | Long             |  | CORP              | IE        |    430395 | NS      | $8738903.14   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity Aktiebolag (publ)                                                  | ESSITY AKTIEBOLAG B                           | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |    223624 | NS      | $6047612.25   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| MERLIN Properties SOCIMI, S.A.                                            | MERLIN PROPERTIES SOCIMI SA                   | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |    212300 | NS      | $3164902.26   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                                          | TOTALENERGIES SE                              | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    104253 | NS      | $6544530.15   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC.                                                              | SHOPIFY INC                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     12103 | NS      | $1709685.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                                             | FUJIKURA LTD                                  | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |    123800 | NS      | $10504120.35  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corporation                                                 | LUNDIN MINING CORP                            | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    535569 | NS      | $6197343.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co.,Ltd.                                                  | SCREEN HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |     28300 | NS      | $2139449.83   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola, S.A.                                                           | IBERDROLA SA                                  | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    167260 | NS      | $3152721.09   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                                       | CHINA CONSTRUCTION BANK CORP                  | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   2360000 | NS      | $2284100.76   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| VEON Ltd.                                                                 | VEON LTD                                      | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             |  | CORP              | BM        |     14257 | NS      | $834462.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                                               | TOKIO MARINE HOLDINGS INC                     | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |    579600 | NS      | $24860388.38  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP.                                     | TINGYI CAYMAN ISLANDS HOLDING CORP            | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |    768000 | NS      | $1091445.12   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| WPP PLC                                                                   | WPP PLC                                       | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | JE        |    433227 | NS      | $2296908.71   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                                                      | HENKEL AG CO KGAA                             | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     50853 | NS      | $4292131.22   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| VALEO SE                                                                  | VALEO SA                                      | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |    127227 | NS      | $1543878.54   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUATORIAL S.A.                                                           | EQUATORIAL ENERGIA SA ORD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    620800 | NS      | $4187600.26   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| T&D Holdings, Inc.                                                        | T D HOLDINGS                                  | CUSIP: N/A<br>LEI: 3538008ARJ1MACEWA242       | Long             | EC               | CORP              | JP        |    254985 | NS      | $6602189.25   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| LONDONMETRIC PROPERTY PLC                                                 | LONDONMETRIC PROPERTY PLC                     | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |    639433 | NS      | $1592391.62   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| KOMATSU LTD.                                                              | KOMATSU LIMITED                               | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     67000 | NS      | $2268472.68   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Avanza Bank Holding AB                                                    | AVANZA BANK HOLDING AB                        | CUSIP: N/A<br>LEI: 549300MBWR5H8SIJLE03       | Long             | EC               | CORP              | SE        |     87170 | NS      | $3295367.63   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corporation                                                           | NEC CORP                                      | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |    302300 | NS      | $9206189.01   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SANLAM LIMITED                                                            | SANLAM LTD                                    | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |    271100 | NS      | $1398251.61   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                         | HSBC HOLDINGS PLC                             | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   2800338 | NS      | $35843051.37  | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital Public Company Limited                                | BUMRUNGRAD HOSPITAL PCL NVDR                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |    462400 | NS      | $2539787.61   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI ROTEM COMPANY                                                     | HYUNDAI ROTEM CO LTD                          | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |     41942 | NS      | $5787285.37   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                                          | COCA COLA HBC AG                              | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |    477692 | NS      | $24160247.27  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| HINO MOTORS, LTD.                                                         | HINO MOTORS LTD                               | CUSIP: 433406105<br>LEI: 3538009ZU0PHKNHJM202 | Long             | EC               | CORP              | JP        |    191703 | NS      | $497103.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Mizuho Financial Group, Inc.                                              | MIZUHO FINANCIAL GROUP INC                    | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    887650 | NS      | $29204781.96  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL PUBLIC LIMITED COMPANY                                         | PRUDENTIAL PLC                                | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |    477389 | NS      | $6366399.03   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| The Chiba Bank, Ltd.                                                      | CHIBA BANK LTD THE                            | CUSIP: N/A<br>LEI: FGJPAKKCTZVSKZXNBS63       | Long             | EC               | CORP              | JP        |    364560 | NS      | $3729824.33   | 0.14%             |  |  |  | No            |                  2 | On Loan: —       |
| TOYO SUISAN KAISHA, LTD.                                                  | TOYO SUISAN KAISHA LTD                        | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    144500 | NS      | $9940534.42   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV SA                                                   | ANHEUSER BUSCH INBEV SA NV                    | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |     66197 | NS      | $4152559.57   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| KT CORPORATION                                                            | KT CORP                                       | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     81753 | NS      | $3180656.13   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AMADA CO.,LTD.                                                            | AMADA CO LTD                                  | CUSIP: N/A<br>LEI: 529900QF5O6TQGCPDX85       | Long             | EC               | CORP              | JP        |     91170 | NS      | $1158634.05   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED                                | NIPPON LIFE INDIA ASSET MANAGEMENT LTD        | CUSIP: N/A<br>LEI: 335800ZQXV958RZSRU89       | Long             | EC               | CORP              | IN        |    509250 | NS      | $4533092.59   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| THK CO.,LTD.                                                              | THK CO LTD                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     42365 | NS      | $1139570.99   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HORIBA,Ltd.                                                               | HORIBA LTD                                    | CUSIP: N/A<br>LEI: 529900OOTWPYSNW0EC84       | Long             | EC               | CORP              | JP        |     17120 | NS      | $1271327.53   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO TINTO LIMITED                                                         | RIO TINTO LIMITED                             | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     32196 | NS      | $2431435.65   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DB INSURANCE CO.,LTD                                                      | DB INSURANCE CO LTD                           | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     24963 | NS      | $2360719.96   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER GROUP PLC                                               | RECKITT BENCKISER GROUP PLC                   | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |     64748 | NS      | $4840345.12   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| LAND SECURITIES GROUP PLC                                                 | LAND SECURITIES GROUP PLC                     | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |    281787 | NS      | $2111614.67   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                | ISHARES CORE MSCI EAFE ETF                    | CUSIP: 46432F842<br>LEI: N/A                  | Long             |  | RF                | US        |     14107 | NS      | $1206289.57   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adecco Group AG                                                           | ADECCO GROUP AG                               | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |     65573 | NS      | $2100921.15   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                                                   | FRESENIUS SE CO KGAA                          | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     95762 | NS      | $5206494.72   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Company                                             | CENTRAL JAPAN RAILWAY CO                      | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |    217600 | NS      | $5788343.82   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group N.V.                                                             | NN GROUP NV                                   | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |    174745 | NS      | $12026994.33  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Headwater Exploration Inc.                                                | HEADWATER EXPLORATION INC                     | CUSIP: 422096107<br>LEI: 549300XIU4JQ0GKLRG88 | Long             | EC               | CORP              | CA        |    286238 | NS      | $1419517.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG                                                      | EVONIK INDUSTRIES AG                          | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |    357560 | NS      | $6898777.89   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| AGEAS SA                                                                  | AGEAS                                         | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |     54412 | NS      | $3833407.01   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                                                 | ZURICH INSURANCE GROUP AG                     | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      6025 | NS      | $4403625.98   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips N.V.                                                  | KONINKLIJKE PHILIPS NV                        | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |    194448 | NS      | $5369981.97   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco S.A.                                                       | BANCO BRADESCO SA                             | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |    594900 | NS      | $1846786.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                                                | MSILF GOVERNMENT-INST                         | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3826368 | NS      | $3826368.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| XIAOMI CORPORATION                                                        | XIAOMI CORP                                   | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |    219000 | NS      | $1494698.90   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FRESNILLO PLC                                                             | FRESNILLO PLC                                 | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |     57819 | NS      | $1400525.53   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental, S.A.B. de C.V.                                          | ARCA CONTINENTAL SAB DE CV                    | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |    154204 | NS      | $1573151.01   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO, Inc.                                                                | ZOZO INC                                      | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |    968500 | NS      | $9000431.33   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                                | SINGAPORE EXCHANGE LTD                        | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |   1060700 | NS      | $13696518.19  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                                           | KONINKLIJKE AHOLD DELHAIZE NV                 | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     63730 | NS      | $2553612.33   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KUBOTA CORPORATION                                                        | KUBOTA CORP                                   | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |    291000 | NS      | $3364901.04   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer N.V.                                                       | WOLTERS KLUWER NV                             | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |     98075 | NS      | $12353764.77  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LIMITED                                                               | SEA LTD ADR                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |     19030 | NS      | $3549856.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DUNDEE PRECIOUS METALS INC.                                               | DUNDEE PRECIOUS METALS INC                    | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    186960 | NS      | $3466357.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORPORATION                                                  | TOYOTA MOTOR CORP                             | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |   1633300 | NS      | $31627873.40  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Health International Inc                                               | JD HEALTH INTERNATIONAL INC                   | CUSIP: G5074A100<br>LEI: 254900OM3MAXYK8PCC84 | Long             | EC               | CORP              | KY        |    190550 | NS      | $1552854.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK ROSSII PAO                                                       | SBERBANK OF RUSSIA PJSC                       | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    505824 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                    | ISHARES CORE MSCI EMERGING                    | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |      8358 | NS      | $518948.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                                              | BARCLAYS PLC                                  | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | RF                | GB        |   6671231 | NS      | $32501892.76  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXT PLC                                                                  | NEXT PLC                                      | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |     84812 | NS      | $13703456.33  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Eisai Co., Ltd.                                                           | EISAI CO                                      | CUSIP: N/A<br>LEI: 353800HDEE0ZYEX4QV91       | Long             | EC               | CORP              | JP        |     46767 | NS      | $1429937.80   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| L'OREAL SA                                                                | L OREAL SA                                    | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |     49705 | NS      | $23204490.88  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY                              | BANK OF IRELAND GROUP PLC                     | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |    707726 | NS      | $10466925.80  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO TINTO PLC                                                             | RIO TINTO PLC                                 | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |    301194 | NS      | $18825486.72  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRICA PLC                                                              | CENTRICA PLC                                  | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   5859966 | NS      | $12740729.65  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                                                     | KONGSBERG GRUPPEN ASA                         | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |    442357 | NS      | $13216611.30  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO S.A.                                                                 | PETRO RIO SA                                  | CUSIP: N/A<br>LEI: 549300IQAZIWK5RVZX23       | Long             | EC               | CORP              | BR        |    498500 | NS      | $3482162.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ARKEMA SA                                                                 | ARKEMA SA                                     | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |    210235 | NS      | $14915240.14  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                                                         | ASML HOLDING N V                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     18286 | NS      | $13577839.34  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| JDE Peet's N.V.                                                           | JDE PEET S NV                                 | CUSIP: N/A<br>LEI: 724500EHG519SE5ZRT89       | Long             | EC               | CORP              | NL        |     48421 | NS      | $1773084.86   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                                                   | SPIE SA                                       | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     36532 | NS      | $2024621.73   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Group, Inc.                                         | SUMITOMO MITSUI TRUST GROUP IN                | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |    171470 | NS      | $4880359.24   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIDU, INC.                                                               | BAIDU INC                                     | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |    258394 | NS      | $3058361.31   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena, S.M.E., S.A.                                                        | AENA SME SA                                   | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |    634107 | NS      | $18377646.29  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| The Swatch Group AG                                                       | SWATCH GROUP AG THE                           | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               | CORP              | CH        |     14468 | NS      | $2616523.84   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                                   | E ON SE                                       | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    127842 | NS      | $2279391.83   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                             | SAMSUNG ELECTRONICS CO LTD                    | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     42210 | NS      | $2109334.06   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| KASIKORNBANK PUBLIC COMPANY LIMITED                                       | KASIKORNBANK PCL FOREIGN                      | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    942408 | NS      | $4902754.93   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                                        | FAIRFAX FINANCIAL HOLDINGS LTD                | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      2498 | NS      | $4300954.97   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                                                 | SANOFI                                        | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     58068 | NS      | $5760527.37   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD COMPANY LIMITED                                                       | BYD CO LTD                                    | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    158000 | NS      | $2229119.31   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.P.A.                         | RECORDATI SPA                                 | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |     81532 | NS      | $5040546.80   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                      | HSBC US GOVT MMKT-I                           | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3826368 | NS      | $3826368.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N.V.                                                              | FERRARI NV                                    | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      4530 | NS      | $2155579.76   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER GRID CORPORATION OF INDIA LIMITED                                   | POWER GRID CORP OF INDIA LTD                  | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               |  | IN        |    644017 | NS      | $2012689.60   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SUBARU CORPORATION                                                        | SUBARU CORP                                   | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |    131021 | NS      | $2570416.52   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGFISHER PLC                                                            | KINGFISHER PLC                                | CUSIP: N/A<br>LEI: 213800KBMEV7I92FY281       | Long             | EC               | CORP              | GB        |    645591 | NS      | $2248339.51   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries, Ltd.                                         | MITSUBISHI HEAVY INDUSTRIES LT                | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |    936200 | NS      | $23624795.96  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| 3SBio Inc.                                                                | 3SBIO INC                                     | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | KY        |    941000 | NS      | $3539886.99   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co., Ltd.                                                 | OTSUKA HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     49900 | NS      | $2618644.41   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Natura Cosmeticos S.A.                                                    | NATURA COSMETICOS SA                          | CUSIP: N/A<br>LEI: 98450085D7XCFF5A9N75       | Long             | EC               | CORP              | BR        |    959484 | NS      | $1594597.49   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corporation                                                    | SONY GROUP CORP                               | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    185700 | NS      | $5075910.08   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                                         | NATIONAL GRID PLC                             | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    124826 | NS      | $1753064.75   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Limited                                                  | TENCENT HOLDINGS LTD                          | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    110700 | NS      | $8573431.07   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SK TELECOM CO.,LTD                                                        | SK TELECOM CO LTD                             | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     73602 | NS      | $2871753.65   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO., LTD.                                      | FUYAO GLASS INDUSTRY GROUP CO LTD             | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |    759200 | NS      | $6700181.07   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN STAR RESOURCES LTD                                               | NORTHERN STAR RESOURCES LTD                   | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |    428399 | NS      | $5345098.76   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| BABCOCK INTERNATIONAL GROUP PLC                                           | BABCOCK INTERNATIONAL GROUP PLC               | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |     50740 | NS      | $696504.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi, Ltd.                                                             | HITACHI LTD                                   | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     59300 | NS      | $1597907.19   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                            | BNP PARIBAS                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    101534 | NS      | $9123512.48   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| TATE & LYLE PUBLIC LIMITED COMPANY                                        | TATE LYLE PLC                                 | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |    240646 | NS      | $1730111.59   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS PLC                                                       | IMPERIAL BRANDS PLC                           | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    565077 | NS      | $23861300.40  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard FTSE All-World ex-US Small-Cap Index                             | VANGUARD FTSE ALL WORLD EX US SMALL CAP ETF   | CUSIP: 922042718<br>LEI: N/A                  | Long             |  | RF                | US        |      2280 | NS      | $319815.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                                        | AGRICULTURAL BANK OF CHINA LTD                | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   2887000 | NS      | $1952347.36   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CK ASSET HOLDINGS LIMITED                                                 | CK ASSET HOLDINGS LIMITED                     | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |   3417259 | NS      | $16169377.61  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                     | BANCO SANTANDER SA                            | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    713001 | NS      | $6808582.20   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLVAY SA                                                                 | SOLVAY SA                                     | CUSIP: N/A<br>LEI: 549300MMVL80RTBP3O28       | Long             | EC               | CORP              | BE        |    232605 | NS      | $7639330.08   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO., LTD.                                                     | HONDA MOTOR CO LTD                            | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |    260348 | NS      | $2886244.92   | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| Sulzer AG                                                                 | SULZER AG                                     | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |     27731 | NS      | $5197604.29   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORPORATION                                                         | DISCO CORP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     62200 | NS      | $17020003.60  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                                       | LVMH MOET HENNESSY LOUIS VUITTON SA           | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |     20040 | NS      | $11831237.08  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                                        | HARBOUR ENERGY PLC                            | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |    598358 | NS      | $1845666.47   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ams-OSRAM AG                                                              | AMS OSRAM AG                                  | CUSIP: N/A<br>LEI: 5299001JPPT2QFTV5D76       | Long             | EC               | CORP              | AT        |     52081 | NS      | $650927.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ROHM COMPANY LIMITED                                                      | ROHM CO LTD                                   | CUSIP: N/A<br>LEI: 5493009V2FGDEP7JFE59       | Long             | EC               | CORP              | JP        |    226740 | NS      | $3319314.53   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                              | TAIWAN SEMICONDUCTOR MANUFACTU                | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    434000 | NS      | $16254698.77  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| OLD MUTUAL LIMITED                                                        | OLD MUTUAL LTD                                | CUSIP: N/A<br>LEI: 213800MON84ZWWPQCN47       | Long             | EC               | CORP              | ZA        |   2754760 | NS      | $2168764.19   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corporation                                             | YOKOGAWA ELECTRIC CORP                        | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |    206300 | NS      | $6022613.80   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TOSOH CORPORATION                                                         | TOSOH CORP                                    | CUSIP: N/A<br>LEI: 529900YSLFVJF2MDBX02       | Long             | EC               | CORP              | JP        |    295800 | NS      | $4663590.27   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol S.A.                                                               | REPSOL SA                                     | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    135804 | NS      | $2226457.94   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                     | SUMITOMO MITSUI FINANCIAL GROUP INC           | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    200240 | NS      | $5454207.45   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle S.A.                                                               | NESTLE SA                                     | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    287963 | NS      | $27168799.09  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ultrapar Participacoes S.A.                                               | ULTRAPAR PARTICIPACOES SA                     | CUSIP: N/A<br>LEI: 529900FU4XBXGQMLRE72       | Long             | EC               | CORP              | BR        |    425392 | NS      | $1542628.61   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA COMPUTER INC.                                                      | QUANTA COMPUTER INC                           | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |    192000 | NS      | $1635035.49   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT Limited                                                             | ASMPT LTD                                     | CUSIP: N/A<br>LEI: 529900PYFA1HFYKPT360       | Long             | EC               | CORP              | KY        |    199000 | NS      | $1803710.07   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Limited                                                         | AIA GROUP LTD                                 | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   2562600 | NS      | $24356800.22  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext N.V.                                                             | EURONEXT NV                                   | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |     44739 | NS      | $7384848.85   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Amrize AG                                                                 | AMRIZE LTD                                    | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |     44089 | NS      | $2300343.58   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Heavy Industries, Ltd.                                           | SUMITOMO HEAVY INDUSTRIES LTD                 | CUSIP: N/A<br>LEI: 353800VSTEIRMBC3S374       | Long             | EC               | CORP              | JP        |     55152 | NS      | $1219085.49   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen | MUENCHENER RUECKVERSICHERUNGS GESELLSCHAFT AG | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      5624 | NS      | $3587239.56   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPS ALPINE CO., LTD.                                                     | ALPS ELECTRIC CO LTD                          | CUSIP: N/A<br>LEI: 529900PWNU4ASLY9VI90       | Long             | EC               | CORP              | JP        |     65701 | NS      | $801701.08    | 0.03%             |  |  |  | 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        |     58400 | NS      | $2427627.86   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KUNLUN ENERGY COMPANY LIMITED                                             | KUNLUN ENERGY CO LTD                          | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |   4324000 | NS      | $4025194.96   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFRAN SA                                                                 | SAFRAN SA                                     | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     84388 | NS      | $28042021.14  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ORICA LIMITED                                                             | ORICA LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    215029 | NS      | $3085214.28   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I GROUP PLC                                                              | 3I GROUP PLC                                  | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     75843 | NS      | $4119863.24   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE SA                                                                  | ENGIE                                         | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |    363598 | NS      | $7523386.35   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| DRAX GROUP PLC                                                            | DRAX GROUP PLC                                | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    253163 | NS      | $2223383.34   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                                             | NIPPON YUSEN KK                               | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |    314000 | NS      | $11320023.17  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| MONDI PLC                                                                 | MONDI PLC                                     | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        |    177394 | NS      | $2496871.82   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                               | EQUINOR ASA                                   | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     46260 | NS      | $1142080.12   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Negara Indonesia (Persero) Tbk                                    | BANK NEGARA INDONESIA PERSERO TBK PT          | CUSIP: N/A<br>LEI: 549300HZ8J3MLVXQ8F85       | Long             | EC               | CORP              | ID        |   6964715 | NS      | $1849596.33   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| COWAY Co., Ltd.                                                           | COWAY CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12585 | NS      | $939790.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                                     | PSP SWISS PROPERTY AG                         | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |      3866 | NS      | $643266.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| OBAYASHI CORPORATION                                                      | OBAYASHI CORPORATION                          | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |    369000 | NS      | $5986210.06   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech international S.A.                                               | LOGITECH INTERNATIONAL SA                     | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |    106216 | NS      | $10969676.79  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co., Ltd.                                                   | WEICHAI POWER CO LTD                          | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |    773000 | NS      | $1625041.52   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVO NORDISK A/S                                                          | NOVO NORDISK                                  | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    334020 | NS      | $18877640.45  | 0.72%             |  |  |  | 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        |    822000 | NS      | $2729532.51   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN N.V.                                                      | KONINKLIJKE KPN NV                            | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |   2867451 | NS      | $13682704.21  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| IBIDEN CO.,LTD.                                                           | IBIDEN CO LTD                                 | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |     48500 | NS      | $2329422.72   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                                    | SAP SE                                        | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |    132355 | NS      | $36023318.07  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                                              | COMPAGNIE DE SAINT GOBAIN                     | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     57307 | NS      | $6186265.01   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                                                     | HYUNDAI MOBIS                                 | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |     15526 | NS      | $3546422.25   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO., LTD.                                                    | NISSAN MOTOR CO LTD                           | CUSIP: N/A<br>LEI: 353800DRBDH1LUTNAY26       | Long             | EC               | CORP              | JP        |    654412 | NS      | $1467846.77   | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| AIRTAC INTERNATIONAL GROUP                                                | AIRTAC INTERNATIONAL GROUP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     58000 | NS      | $1485820.34   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International N.V.                                                    | ASM INTERNATIONAL NV                          | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     22479 | NS      | $10792779.45  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| SEGA SAMMY HOLDINGS INC.                                                  | SEGA SAMMY HOLDINGS INC                       | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51       | Long             | EC               | CORP              | JP        |     53410 | NS      | $1111345.34   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIHEIYO CEMENT CORPORATION                                               | TAIHEIYO CEMENT CORP                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     33017 | NS      | $893116.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NIKON CORPORATION                                                         | NIKON CORP                                    | CUSIP: 654111103<br>LEI: 549300X7LIS9RFELXJ98 | Long             | EC               | CORP              | JP        |     93960 | NS      | $1054873.32   | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| ENEL - SPA                                                                | ENEL SPA                                      | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |   1629542 | NS      | $15036318.68  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| KOITO MANUFACTURING CO., LTD.                                             | KOITO MANUFACTURING CO LTD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    182350 | NS      | $2593856.52   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC PUBLIC LIMITED COMPANY                                                | DCC PLC                                       | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |     36316 | NS      | $2309181.29   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Aktiebolaget SKF                                                          | SKF AB B SHARES                               | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |    157830 | NS      | $4053550.44   | 0.16%             |  |  |  | No            |                  2 | On Loan: —       |
| BANKINTER, S.A.                                                           | BANKINTER SA                                  | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    568054 | NS      | $8476978.52   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG E&A CO.,LTD                                                       | SAMSUNG E A CO LTD                            | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |    222754 | NS      | $4646318.18   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc.                                                         | MISUMI GROUP INC                              | CUSIP: J43293109<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    418700 | NS      | $6350841.82   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                             | UNICREDIT SPA                                 | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |    132843 | NS      | $10273789.94  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanwa Holdings Corporation                                                | SANWA HOLDINGS CORP                           | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |    683700 | NS      | $22014475.63  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AKTIENGESELLSCHAFT                                             | VOLKSWAGEN AG                                 | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |    159859 | NS      | $18626316.98  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                            | ELEMENT FINANCIAL CORP                        | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    323715 | NS      | $8627999.57   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Raizen S.A.                                                               | RAIZEN SA                                     | CUSIP: N/A<br>LEI: 5493000WQL3QP7QXX484       | Long             | EC               | CORP              | BR        |   2790100 | NS      | $602135.43    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LIMITED                                                         | BHP GROUP LIMITED                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    977858 | NS      | $27249577.76  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus N.V.                                                               | PROSUS NV                                     | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     65042 | NS      | $4023104.99   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KLEPIERRE SA                                                              | KLEPIERRE SA                                  | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |    153767 | NS      | $6003596.70   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirin Holdings Company, Limited                                           | KIRIN HOLDINGS CO LTD                         | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |     65727 | NS      | $954228.36    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vista Energy, S.A.B. de C.V.                                              | VISTA OIL GAS SAB DE CV ADR                   | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             |  | CORP              | MX        |    110082 | NS      | $4290996.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil, S.A.B. de C.V.                                             | AMERICA MOVIL SAB DE CV                       | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             |  | CORP              | MX        |    189906 | NS      | $3796220.94   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                                               | RELIANCE INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    213140 | NS      | $3282699.23   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN GROUP LIMITED                                                         | MTN GROUP LTD                                 | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    391411 | NS      | $3326438.13   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Company Limited                                     | TAKEDA PHARMACEUTICAL CO LTD                  | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     77753 | NS      | $2340818.18   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPGEMINI SE                                                              | CAPGEMINI SA                                  | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |     46508 | NS      | $6614217.24   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                    | STANDARD CHARTERED PLC                        | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    801698 | NS      | $15019724.44  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB GROUP PUBLIC LIMITED COMPANY                                          | AIB GROUP PLC                                 | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    502420 | NS      | $4081734.13   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                     | BANCO BILBAO VIZCAYA ARGENTARIA SA            | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |   1866672 | NS      | $33968547.53  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                                                  | TELE2 AB                                      | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    385216 | NS      | $6786193.46   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| UNILEVER PLC                                                              | UNILEVER PLC                                  | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    273252 | NS      | $17235645.22  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE)                          | BRITISH LAND CO PLC                           | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |    860854 | NS      | $3908312.12   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| argenx SE                                                                 | ARGENX SE                                     | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      3338 | NS      | $2376460.30   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Aktiebolaget Volvo                                                        | VOLVO AB                                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     78667 | NS      | $2421039.88   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BP P.L.C.                                                                 | BP PLC                                        | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   2442907 | NS      | $14288027.27  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                                           | TELEFONAKTIEBOLAGET LM ERICSSON               | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |    394524 | NS      | $3124162.61   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| RINNAI CORPORATION                                                        | RINNAI CORP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     62496 | NS      | $1548757.18   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                                              | NUTRIEN LTD                                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     32674 | NS      | $1883299.67   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lojas Renner S.A.                                                         | LOJAS RENNER SA                               | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |    684359 | NS      | $2052546.82   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                                                 | PARTNERS GROUP HOLDING AG                     | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |      6654 | NS      | $9139711.64   | 0.35%             |  |  |  | No            |                  2 | 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        |   3826368 | NS      | $3826368.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Awwal Bank SJSC                                                     | SAUDI AWWAL BANK                              | CUSIP: M8234F111<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |    176576 | NS      | $1417195.34   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                                   | SBERBANK OF RUSSIA PJSC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    564350 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                                          | BOC HONG KONG HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    577500 | NS      | $2622022.97   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                                         | ALGONQUIN POWER UTILITIES CORP                | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    510336 | NS      | $2958254.12   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                                                | HANWHA AEROSPACE CO LTD                       | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      6079 | NS      | $3856101.40   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                                                | ALLIANZ SE                                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     94020 | NS      | $39746476.81  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| THE CANARA BANK LIMITED                                                   | CANARA BANK                                   | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |   1052410 | NS      | $1239461.68   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LIMITED                                                        | ICICI BANK LTD                                | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    224223 | NS      | $3553010.62   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DENTSU GROUP INC.                                                         | DENTSU INC                                    | CUSIP: N/A<br>LEI: 5299007PBBE83ZLJZG91       | Long             | EC               | CORP              | JP        |    120710 | NS      | $2383781.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF GREECE S.A.                                              | NATIONAL BANK OF GREECE SA                    | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    607996 | NS      | $8419283.75   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TSURUHA HOLDINGS INC.                                                     | TSURUHA HOLDINGS INC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    132155 | NS      | $2039081.39   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BPM SOCIETA PER AZIONI                                              | BANCO BPM SPA                                 | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |   1146411 | NS      | $15726336.01  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BT GROUP PLC                                                              | BT GROUP PLC                                  | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |   1654975 | NS      | $4844726.29   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                                    | Mercedes Benz Group AG                        | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     24675 | NS      | $1544142.62   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Corporation                                                    | BROOKFIELD CORP                               | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     25848 | NS      | $1699169.06   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co., Ltd.                                                      | SHIONOGI CO LTD                               | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |    933146 | NS      | $16142939.03  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Aktiengesellschaft                                                | SIEMENS AG                                    | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    160129 | NS      | $44384645.95  | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                                                 | HOLCIM LTD                                    | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     41103 | NS      | $3445842.73   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJI ELECTRIC CO., LTD.                                                   | FUJI ELECTRIC CO LTD                          | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |    317200 | NS      | $19976594.73  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPCOM CO., LTD.                                                          | CAPCOM CO LTD                                 | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |    405200 | NS      | $10935421.95  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION JAPAN                                                  | ORACLE CORP JAPAN                             | CUSIP: N/A<br>LEI: 529900MIMKY9RU60Z323       | Long             | EC               | CORP              | JP        |    110700 | NS      | $11458880.03  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings, Inc.                                                     | RESONA HOLDING INC                            | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               | CORP              | JP        |    475262 | NS      | $4767096.02   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                                 | SHELL PLC                                     | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   1114390 | NS      | $41025231.69  | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                                          | ROCHE HOLDING AG                              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    113180 | NS      | $36912446.64  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                                                | ZALANDO SE                                    | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |     60429 | NS      | $1683864.28   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAMBLES LIMITED                                                          | BRAMBLES LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    407084 | NS      | $6897333.80   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                                        | ABN AMRO GROUP NV                             | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |    192223 | NS      | $5543921.06   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS GROUP AG                                  | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    566143 | NS      | $22938423.33  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                                                                 | NOKIA OYJ                                     | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |    814030 | NS      | $3504038.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges and Clearing Limited                                  | HONG KONG EXCHANGES CLEARING LTD              | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     37400 | NS      | $2191281.95   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ GROUP HOLDINGS LIMITED                                                | ANZ GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |    180971 | NS      | $3975772.89   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| COFORGE LIMITED                                                           | COFORGE LTD                                   | CUSIP: N/A<br>LEI: 3358004YL9JGBNP4KF72       | Long             | EC               | CORP              | IN        |    137560 | NS      | $2687810.55   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| JYSKE BANK A/S                                                            | JYSKE BANK A S                                | CUSIP: N/A<br>LEI: 3M5E1GQGKL17HI6CPN30       | Long             | EC               | CORP              | DK        |     46696 | NS      | $5014564.75   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| JGC HOLDINGS CORPORATION                                                  | JGC HOLDINGS CORP                             | CUSIP: N/A<br>LEI: 5493003WMGG79YLARU68       | Long             | EC               | CORP              | JP        |    128622 | NS      | $1225252.06   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bora Pharmaceuticals Co., LTD.                                            | BORA PHARMACEUTICALS CO LTD                   | CUSIP: N/A<br>LEI: 254900MK7O5C2UX1SY03       | Long             | EC               | CORP              | TW        |     73381 | NS      | $1740176.91   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER FINANCE CORPORATION LIMITED                                         | POWER FINANCE CORP LTD                        | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | EC               |  | IN        |   1209781 | NS      | $5210215.82   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz S.A.                                                   | REDE D OR SAO LUIZ SA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    231866 | NS      | $1683374.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO SEIMITSU CO.,LTD.                                                   | TOKYO SEIMITSU CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     40600 | NS      | $2268673.62   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Limited                                        | GALAXY ENTERTAINMENT GROUP LTD                | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |    361000 | NS      | $1913911.02   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad N.V.                                                             | RANDSTAD NV                                   | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |     58388 | NS      | $2761765.07   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                                               | SWEDBANK AB A SHARES                          | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     76971 | NS      | $2166733.71   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                                   | BASF SE                                       | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |     80544 | NS      | $4278193.07   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE DE MONTREAL                                                        | BANK OF MONTREAL                              | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |     18385 | NS      | $2225024.14   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BIRKENSTOCK HOLDING PLC                                                   | BIRKENSTOCK HOLDING PLC                       | CUSIP: M2029K104<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |     35317 | NS      | $1841075.21   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ORANGE SA                                                                 | ORANGE SA                                     | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    538870 | NS      | $8782354.31   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                                       | ERSTE GROUP BANK AG                           | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     62877 | NS      | $5984442.28   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corporation                                                        | WIWYNN CORP                                   | CUSIP: Y9673D101<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     64000 | NS      | $6142871.63   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER BANCA S.P.A.                                                         | BPER BANCA                                    | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |    833673 | NS      | $8658638.80   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| HANKOOK TIRE & TECHNOLOGY CO., LTD.                                       | HANKOOK TIRE TECHNOLOGY CO                    | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |     26453 | NS      | $762720.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                                   | VEOLIA ENVIRONNEMENT                          | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |     66761 | NS      | $2204635.85   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS, INC.                                                   | DELTA ELECTRONICS INC                         | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     84000 | NS      | $1935266.27   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corporation                                                        | ITOCHU CORPORATION                            | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     77400 | NS      | $4372673.02   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                                                 | CTS EVENTIM AG CO KGAA                        | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |     97001 | NS      | $9091948.74   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                       | SOCIETE GENERALE                              | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |    154821 | NS      | $9552972.42   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                                    | DBS GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     77430 | NS      | $3048580.57   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                                                               | SOFTCAT PLC                                   | CUSIP: N/A<br>LEI: 213800N42YZLR9GLVC42       | Long             | EC               | CORP              | GB        |    168668 | NS      | $3671837.21   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                  | ROLLS ROYCE HOLDINGS PLC                      | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    379867 | NS      | $5477025.20   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCA MEDIOLANUM SPA                                                      | BANCA MEDIOLANUM SPA                          | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |     98860 | NS      | $1999520.28   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Rubber Industries, Ltd.                                          | SUMITOMO RUBBER INDUSTRIES LTD                | CUSIP: N/A<br>LEI: 353800JD4V72SJ3EOX37       | Long             | EC               | CORP              | JP        |    102031 | NS      | $1192199.49   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc.                                                        | SUNCOR ENERGY INC                             | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     43971 | NS      | $1817822.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EASYJET PLC                                                               | EASYJET PLC                                   | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |   1138224 | NS      | $7547564.49   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Limited                                                           | FUJITSU LTD                                   | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |    711200 | NS      | $17116198.27  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| WHITECAP RESOURCES INC.                                                   | WHITECAP RESOURCES INC                        | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    875235 | NS      | $6590394.63   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Nippon Television Holdings, Inc.                                          | NIPPON TELEVISION HOLDINGS INC                | CUSIP: N/A<br>LEI: 353800QI43C3H97E4W63       | Long             | EC               | CORP              | JP        |     66145 | NS      | $1731783.20   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                                              | GAZTRANSPORT ET TECHNIGAZ SA                  | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |     38534 | NS      | $7191080.17   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA HOUSE INDUSTRY CO.,LTD.                                             | DAIWA HOUSE INDUSTRY CO LTD                   | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |    168000 | NS      | $5936501.42   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ONO PHARMACEUTICAL CO., LTD.                                              | ONO PHARMACEUTICAL CO LTD                     | CUSIP: N/A<br>LEI: 529900G26L4NG4GFJZ86       | Long             | EC               | CORP              | JP        |     59124 | NS      | $665995.57    | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| FINNING INTERNATIONAL INC.                                                | FINNING INTERNATIONAL INC                     | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |     48290 | NS      | $2002354.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMERIEUX SA                                                             | BIOMERIEUX                                    | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |     16781 | NS      | $2333426.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HAKUHODO DY HOLDINGS INCORPORATED                                         | HAKUHODO DY HOLDINGS INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    139310 | NS      | $1116773.44   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL ALUMINIUM CO LTD                                                 | NATIONAL ALUMINIUM CO LTD                     | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |   1086229 | NS      | $2296955.90   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF CHINA LIMITED                                                     | BANK OF CHINA LTD                             | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   4077000 | NS      | $2237845.94   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                                       | KUAISHOU TECHNOLOGY                           | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |    187300 | NS      | $1835861.29   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WH GROUP LIMITED                                                          | WH GROUP LTD                                  | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   1948862 | NS      | $2094328.20   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfresa Holdings Corporation                                              | ALFRESA HOLDINGS CORP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     77259 | NS      | $1162749.37   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                                               | NOVARTIS AG                                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |    356504 | NS      | $45131907.96  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                                               | QBE INSURANCE GROUP LTD                       | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |    133957 | NS      | $1892211.58   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                                             | CK HUTCHISON HOLDINGS                         | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |    399964 | NS      | $2646342.07   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Netease Cloud Music Inc                                                   | NETEASE CLOUD MUSIC INC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     87150 | NS      | $3142928.07   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                                      | ENDEAVOUR MINING PLC                          | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |    168872 | NS      | $5872151.18   | 0.23%             |  |  |  | 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        |    207733 | NS      | $11794967.90  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                                    | SINGAPORE TECHNOLOGIES ENGINEERING LTD        | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |   1400400 | NS      | $8382785.49   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer