# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-25-052225
**Filing Date:** 2025-8
**Character Count:** 116473
**Document Hash:** da1e7f4a46ad940fb34ff7d5384e9b4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052225.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001145549-25-052225

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476

**ORGANIZATION NAME:**
- **EIN:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 251239049

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower International Value Fund (Series ID: S000023736)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000069813 | Investor Class      | MXIVX           |
| C000095773 | Class L             | MXMIX           |
| C000155763 | Institutional Class | MXJVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

- **a. Name of Series:** Empower International Value Fund

- **b. EDGAR series identifier (if any):** S000023736

- **c. LEI of Series:** V5Y2MFFR84X0RRIG7R64

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1356040927.67

**Total Liabilities:** $2948919.48

**Net Assets:** $1353092008.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069813 | 3.37%                | 4.99%                | 2.69%                |
| Class ID C000155763 | 3.45%                | 4.95%                | 2.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $53644036.44             | $33143877.85                               |
| Month 2  | $58242465.19             | $51034189.41                               |
| Month 3  | $68978826.96             | $22291666.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                                       | Dreyfus Instl Resv PFD GOVT INSTL                                         | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |  46382095 | PA      | $46382094.77  | 3.43%             | 2025-07-01      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Intertek Group PLC                                       | Intertek Group PLC ORD GBP0.01                                            | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     39954 | NS      | $2601440.76   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                             | Capgemini SE EUR8                                                         | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     43496 | NS      | $7448120.07   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlsberg A/S                                            | Carlsberg A/S SER'B'DKK20                                                 | CUSIP: K36628137<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |     14020 | NS      | $1986401.13   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                                  | Fresenius SE & Co. KGaA NPV                                               | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |     42800 | NS      | $2153821.50   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| United Internet AG                                       | United Internet AG NPV                                                    | CUSIP: D8542B125<br>LEI: 3VEKWPJHTD4NKMBVG947 | Long             | EC               | CORP              | DE        |     11900 | NS      | $331875.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Indra Sistemas S.A.                                      | Indra Sistemas S.A. EUR0.20 SER 'A'                                       | CUSIP: E6271Z155<br>LEI: 95980020140005308793 | Long             | EC               | CORP              | ES        |     86400 | NS      | $3748591.63   | 0.28%             |  |  |  | No            |                  2 | On Loan: —       |
| GEA Group AG                                             | GEA Group AG NPV                                                          | CUSIP: D28304109<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     34042 | NS      | $2386354.36   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                         | Deutsche Post AG NPV(REGD)                                                | CUSIP: D19225107<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     54100 | NS      | $2505911.57   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                                   | OMV AG NPV                                                                | CUSIP: A51460110<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |     32000 | NS      | $1740201.73   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                         | Pernod Ricard SA EUR1.55                                                  | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     62880 | NS      | $6272382.82   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                                    | Schneider Electric SE EUR4.00                                             | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     71019 | NS      | $19067583.95  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                   | SAP SE ORD NPV                                                            | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     50590 | NS      | $15469428.02  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB (publ)                                       | Swedbank AB (publ) SER'A'NPV                                              | CUSIP: W94232100<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |    164000 | NS      | $4343758.50   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Kenvue Inc.                                              | Kenvue Inc. COM                                                           | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    365821 | NS      | $7656633.62   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                                 | Bayer AG NPV (REGD)                                                       | CUSIP: D0712D163<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     70700 | NS      | $2130005.63   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiersdorf AG                                            | Beiersdorf AG NPV                                                         | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     39273 | NS      | $4936550.60   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange S.A.                                              | Orange S.A. EUR4                                                          | CUSIP: F6866T100<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |    192200 | NS      | $2926866.38   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                               | Allianz SE NPV(REGD)(VINKULIERT)                                          | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      7735 | NS      | $3139131.66   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad                | Endesa SA - Empresa Nacional Electricidad EUR1.2                          | CUSIP: E41222113<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |    131300 | NS      | $4158949.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Deutsche Lufthansa AG                                    | Deutsche Lufthansa AG ORD NPV (REGD)(VINK)                                | CUSIP: D1908N106<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    175200 | NS      | $1487389.25   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Munich Reinsurance AG                                    | Munich Reinsurance AG NPV(REGD)                                           | CUSIP: D55535104<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      9400 | NS      | $6103761.56   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe BIC SA                                           | Societe BIC SA EUR3.82                                                    | CUSIP: F10080103<br>LEI: 969500UR00DF63I0VH67 | Long             | EC               | CORP              | FR        |     27900 | NS      | $1737554.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                            | Volkswagen AG NON VTG PRF NPV                                             | CUSIP: D94523103<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |     28400 | NS      | $3002270.88   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                       | Banco Bilbao Vizcaya Argentaria SA EUR0.49                                | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    281800 | NS      | $4339244.63   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                   | Mercedes-Benz Group AG ORD NPV(REGD)                                      | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     72400 | NS      | $4218047.96   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                                | Repsol SA EUR1                                                            | CUSIP: E8471S130<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    318500 | NS      | $4658521.25   | 0.34%             |  |  |  | No            |                  2 | On Loan: —       |
| Wolters Kluwer NV                                        | Wolters Kluwer NV EUR0.12                                                 | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     40624 | NS      | $6793900.78   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                              | Bayerische Motoren Werke AG EUR1                                          | CUSIP: D12096109<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |     44700 | NS      | $3980964.88   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Colruyt Group N.V                                        | Colruyt Group N.V NPV                                                     | CUSIP: B26882231<br>LEI: 5493000O0NZ1BCXO8K39 | Long             | EC               | CORP              | BE        |     32000 | NS      | $1384793.53   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bekaert SA                                               | Bekaert SA NPV                                                            | CUSIP: B6346B111<br>LEI: 5493008SR6XZECH6BN71 | Long             | EC               | CORP              | BE        |     54300 | NS      | $2246528.78   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                                 | Infineon Technologies AG ORD NPV (REGD)                                   | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      3700 | NS      | $157887.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Corp                                               | Nokia Corp NPV                                                            | CUSIP: X61873133<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    795200 | NS      | $4126009.32   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonae SGPS SA                                            | Sonae SGPS SA EUR1                                                        | CUSIP: X8252W176<br>LEI: 549300847SOBT7HY7R50 | Long             | EC               | CORP              | PT        |   1981700 | NS      | $2819895.16   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amada Co Ltd                                             | Amada Co Ltd NPV                                                          | CUSIP: J01218106<br>LEI: 529900QF5O6TQGCPDX85 | Long             | EC               | CORP              | JP        |    217000 | NS      | $2368121.14   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                               | Diageo PLC ORD GBP0.28 101/108                                            | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    294804 | NS      | $7431753.79   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                             | British American Tobacco PLC ORD GBP0.25                                  | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     41100 | NS      | $1953585.63   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                                      | Imperial Brands PLC GBP0.10                                               | CUSIP: G4720C107<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |    177500 | NS      | $7010596.41   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                 | Lloyds Banking Group PLC ORD GBP0.1                                       | CUSIP: G5533W248<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |  12344722 | NS      | $12977276.37  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                       | Smith & Nephew PLC ORD USD0.20                                            | CUSIP: G82343164<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    435076 | NS      | $6659846.93   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                             | Cadence Design Systems, Inc. COM USD0.01                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     13175 | NS      | $4059876.34   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                             | Barclays PLC ORD GBP0.25                                                  | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    878600 | NS      | $4059195.50   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                                           | Kingfisher PLC ORD GBP0.157142857                                         | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    984300 | NS      | $3929534.00   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitas AB                                             | Securitas AB SER'B'NPV                                                    | CUSIP: W7912C118<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |    172700 | NS      | $2585721.69   | 0.19%             |  |  |  | No            |                  2 | On Loan: —       |
| Telefonaktiebolaget LM Ericsson (publ)                   | Telefonaktiebolaget LM Ericsson (publ) SER'B'NPV                          | CUSIP: W26049119<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    304500 | NS      | $2602050.94   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                   | Chocoladefabriken Lindt & Spruengli AG CHF10 (PTG CERT)                   | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EP               | CORP              | CH        |       158 | NS      | $2662869.05   | 0.20%             |  |  |  | No            |                  2 | On Loan: —       |
| Television Francaise 1 SA                                | Television Francaise 1 SA EUR0.20                                         | CUSIP: F91255103<br>LEI: 969500WQFC6OAQYG7E65 | Long             | EC               | CORP              | FR        |    298600 | NS      | $3102003.88   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                                  | Bank Leumi Le-Israel BM ILS1                                              | CUSIP: M16043107<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |    264500 | NS      | $4921167.54   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| KOSE Corp.                                               | KOSE Corp. NPV                                                            | CUSIP: J3622S100<br>LEI: 353800NX4GGAVDHHY664 | Long             | EC               | CORP              | JP        |     13300 | NS      | $522008.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Resona Holdings Inc.                                     | Resona Holdings Inc. NPV                                                  | CUSIP: J6448E106<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |   1706800 | NS      | $15763700.19  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Seiko Epson Corp                                         | Seiko Epson Corp NPV                                                      | CUSIP: J7030F105<br>LEI: 549300NIOFQDR749W206 | Long             | EC               | CORP              | JP        |    151900 | NS      | $1996366.53   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimadzu Corporation                                     | Shimadzu Corporation NPV                                                  | CUSIP: J72165129<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    281100 | NS      | $6949636.39   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                           | BHP Group Ltd. NPV                                                        | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    121900 | NS      | $2932621.88   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Brother Industries Ltd                                   | Brother Industries Ltd NPV                                                | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |    162500 | NS      | $2803189.52   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd.                                       | Shionogi & Co Ltd. NPV                                                    | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |    181600 | NS      | $3269214.04   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Adecco Group SA/AG                                       | Adecco Group SA/AG CHF0.1 (REGD)                                          | CUSIP: H00392318<br>LEI: NI14Y5UMU60O7JE9P611 | Long             | EC               | CORP              | CH        |     27800 | NS      | $828383.18    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                              | Equinor ASA NOK2.50                                                       | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    135000 | NS      | $3409297.38   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                           | BAWAG Group AG NPV                                                        | CUSIP: A0997C107<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     40500 | NS      | $5179211.32   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Helia Group Ltd.                                         | Helia Group Ltd. NPV                                                      | CUSIP: Q3983N155<br>LEI: 529900RUQ2G0JXJOF423 | Long             | EC               | CORP              | AU        |    898600 | NS      | $3331273.50   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Metcash Ltd.                                             | Metcash Ltd. NPV                                                          | CUSIP: Q6014C106<br>LEI: 25490065W4SN3LZMX216 | Long             | EC               | CORP              | AU        |    288200 | NS      | $741806.25    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstGroup PLC                                           | FirstGroup PLC ORD GBP0.05                                                | CUSIP: G34604101<br>LEI: 549300DEJZCPWA4HKM93 | Long             | EC               | CORP              | GB        |    915400 | NS      | $2895022.23   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc.                                               | Canon Inc. NPV                                                            | CUSIP: J05124144<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |     77200 | NS      | $2239088.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Chiba Bank Ltd.                                          | Chiba Bank Ltd. NPV                                                       | CUSIP: J05670104<br>LEI: FGJPAKKCTZVSKZXNBS63 | Long             | EC               | CORP              | JP        |    589600 | NS      | $5448923.31   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO Tinto Limited                                        | RIO Tinto Limited NPV                                                     | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     86000 | NS      | $6087964.94   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House Industry Co Ltd.                             | Daiwa House Industry Co Ltd. NPV                                          | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |     56300 | NS      | $1934626.13   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                                     | Schindler Holding AG CHF0.10 (PTG CERT)                                   | CUSIP: H7258G209<br>LEI: 5299007DRLI319H7Q933 | Long             | EP               | CORP              | CH        |     11411 | NS      | $4249116.30   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                                 | Volvo AB SER'B'NPV                                                        | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |    279300 | NS      | $7858836.63   | 0.58%             |  |  |  | No            |                  2 | On Loan: —       |
| Caixabank S.A.                                           | Caixabank S.A. EUR1                                                       | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |   1997908 | NS      | $17311544.21  | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                             | Glencore PLC ORD USD0.01                                                  | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1634509 | NS      | $6367955.27   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Gunma Bank Ltd                                           | Gunma Bank Ltd NPV                                                        | CUSIP: J17766106<br>LEI: 54930054A69VC4I5BP89 | Long             | EC               | CORP              | JP        |    299500 | NS      | $2513935.66   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hirose Electric Co Ltd.                                  | Hirose Electric Co Ltd. NPV                                               | CUSIP: J19782101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33079 | NS      | $3992569.06   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiscox Ltd                                               | Hiscox Ltd ORD GBP0.065 (DI)                                              | CUSIP: G4593F138<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |    218198 | NS      | $3763214.85   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Krones AG                                                | Krones AG ORD NPV                                                         | CUSIP: D47441171<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |     13800 | NS      | $2278011.50   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes                                        | Dassault Systemes EUR0.10                                                 | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    212254 | NS      | $7692453.07   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| United Laboratories International Holdings Ltd           | United Laboratories International Holdings Ltd HKD0.01                    | CUSIP: G8813K108<br>LEI: 2549007JL3XIH77JXN70 | Long             | EC               | CORP              | KY        |   1268000 | NS      | $2431016.38   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd.                                      | Honda Motor Co Ltd. NPV                                                   | CUSIP: J22302111<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |    495900 | NS      | $4781891.26   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ICL Group Ltd                                            | ICL Group Ltd ILS1                                                        | CUSIP: M53213100<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |    242600 | NS      | $1665515.13   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Qinetiq Group PLC                                        | Qinetiq Group PLC ORD GBP0.01                                             | CUSIP: G7303P106<br>LEI: 213800S8OBDOZMCMUW34 | Long             | EC               | CORP              | GB        |    227900 | NS      | $1611001.04   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Vontobel Holding AG                                      | Vontobel Holding AG CHF1 (REGD)                                           | CUSIP: H92070210<br>LEI: 529900G69W5VR3DDPW23 | Long             | EC               | CORP              | CH        |     21600 | NS      | $1745772.75   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                                     | Ryanair Holdings PLC ORD EUR0.006                                         | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     99600 | NS      | $2825231.25   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Soda Co Ltd.                                      | Nippon Soda Co Ltd. NPV                                                   | CUSIP: J55870109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     95400 | NS      | $2008705.35   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc.                                | Agilent Technologies Inc. COM USD0.01                                     | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     64335 | NS      | $7592173.35   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mediobanca - Banca di Credito Finanziario SpA            | Mediobanca - Banca di Credito Finanziario SpA EUR0.5                      | CUSIP: T10584117<br>LEI: PSNL19R2RXX5U3QWHI44 | Long             | EC               | CORP              | IT        |    116300 | NS      | $2706419.65   | 0.20%             |  |  |  | No            |                  2 | On Loan: —       |
| Mebuki Financial Group Inc                               | Mebuki Financial Group Inc NPV                                            | CUSIP: J4248A101<br>LEI: 353800K1RXV3E3JAE812 | Long             | EC               | CORP              | JP        |    413500 | NS      | $2157738.52   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcs Company Limited                                     | Arcs Company Limited NPV                                                  | CUSIP: J0195H107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52700 | NS      | $1091838.08   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                          | Danske Bank A/S DKK10                                                     | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |    134900 | NS      | $5509831.01   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                                  | Heidelberg Materials AG NPV                                               | CUSIP: D31709104<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     13000 | NS      | $3061467.25   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                        | Isuzu Motors Ltd. NPV                                                     | CUSIP: J24994113<br>LEI: 529900C0QSXVCC7AR494 | Long             | EC               | CORP              | JP        |    227300 | NS      | $2879422.50   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaneka Corp.                                             | Kaneka Corp. NPV                                                          | CUSIP: J2975N106<br>LEI: 529900FWWCF6RY313R16 | Long             | EC               | CORP              | JP        |     75800 | NS      | $2091378.20   | 0.15%             |  |  |  | No            |                  2 | On Loan: —       |
| Komatsu Ltd.                                             | Komatsu Ltd. NPV                                                          | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     99400 | NS      | $3279557.68   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Limited                                             | Nice Limited SPONSORED ADR                                                | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     18267 | NS      | $3085478.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                     | Sumitomo Mitsui Financial Group Inc. NPV                                  | CUSIP: J7771X109<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     83100 | NS      | $2092537.82   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Marubeni Corp.                                           | Marubeni Corp. NPV                                                        | CUSIP: J39788138<br>LEI: 4P4N3ORD02UGQT1T1W12 | Long             | EC               | CORP              | JP        |    112400 | NS      | $2265786.87   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc.                              | Mizuho Financial Group Inc. NPV                                           | CUSIP: J4599L102<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |    137200 | NS      | $3808662.00   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp.                                | Mitsubishi Electric Corp. NPV                                             | CUSIP: J43873116<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |    606300 | NS      | $13040891.16  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd.                               | CK Hutchison Holdings Ltd. HKD1                                           | CUSIP: G21765105<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |    357000 | NS      | $2198291.98   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurocommercial Properties N.V                            | Eurocommercial Properties N.V EUR10 STK DIV 23/06/2025                    | CUSIP: N31068237<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               | CORP              | NL        |     82400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TKH Group NV                                             | TKH Group NV CVA EUR0.25                                                  | CUSIP: N8661A121<br>LEI: 7245008G22FOV7TYYJ34 | Long             | EC               | CORP              | NL        |     46900 | NS      | $2148816.17   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                            | Koninklijke Ahold Delhaize NV EUR0.01                                     | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    192800 | NS      | $8052595.06   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co Ltd.                                         | Mitsui & Co Ltd. NPV                                                      | CUSIP: J44690139<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |    256100 | NS      | $5219311.76   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT Inc.                                                 | NTT INC NPV                                                               | CUSIP: J59396101<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |   1726600 | NS      | $1845926.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp.                                        | Nitto Denko Corp. NPV                                                     | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |    209500 | NS      | $4045753.45   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings Inc.                                     | Nomura Holdings Inc. NPV                                                  | CUSIP: J58646100<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |    392400 | NS      | $2585799.04   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                            | Nippon Yusen Kabushiki Kaisha NPV                                         | CUSIP: J56515232<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |     87900 | NS      | $3162199.06   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ONO Pharmaceutical Co Ltd                                | ONO Pharmaceutical Co Ltd NPV                                             | CUSIP: J61546115<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |    218400 | NS      | $2366970.31   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                               | ORIX Corp. NPV                                                            | CUSIP: J61933123<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    131700 | NS      | $2972031.26   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                                 | QBE Insurance Group Ltd. NPV                                              | CUSIP: Q78063114<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |    385700 | NS      | $5939445.23   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                              | Samsung Electronics Co Ltd. KRW100                                        | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    245838 | NS      | $10871350.76  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Heavy Industries Ltd                            | Sumitomo Heavy Industries Ltd NPV                                         | CUSIP: J77497170<br>LEI: 353800VSTEIRMBC3S374 | Long             | EC               | CORP              | JP        |     82200 | NS      | $1685154.59   | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Sumitomo Corp.                                           | Sumitomo Corp. NPV                                                        | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |    104600 | NS      | $2699383.04   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Taisei Corp.                                             | Taisei Corp. NPV                                                          | CUSIP: J79561148<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |     97600 | NS      | $5684277.27   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Associated British Foods PLC                             | Associated British Foods PLC ORD 5 15/22P                                 | CUSIP: G05600138<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |    121685 | NS      | $3436450.94   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                                   | BP PLC ORD USD0.25                                                        | CUSIP: G12793108<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    445100 | NS      | $2217310.63   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Seikan Group Holdings Ltd.                          | Toyo Seikan Group Holdings Ltd. NPV                                       | CUSIP: J92289107<br>LEI: 5299004VWXGQPXR05T33 | Long             | EC               | CORP              | JP        |    105300 | NS      | $2061269.37   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                       | Toyota Motor Corp. NPV                                                    | CUSIP: J92676113<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |    257900 | NS      | $4441809.45   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                                | United Overseas Bank Ltd. NPV                                             | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     91000 | NS      | $2575638.13   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Motor Co Ltd.                                     | Yamaha Motor Co Ltd. NPV                                                  | CUSIP: J95776126<br>LEI: 3538004LR5NXILJDHY88 | Long             | EC               | CORP              | JP        |    303600 | NS      | $2271861.50   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Deutsche Boerse AG                                       | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     51546 | NS      | $16839588.34  | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Axa SA                                                   | Axa SA EUR2.29                                                            | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |    140600 | NS      | $6904188.75   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                              | Novartis AG CHF0.49 (REGD)                                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    150900 | NS      | $18315805.63  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                         | Roche Holding AG GENUSSCHEINE NPV                                         | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     56309 | NS      | $18380377.36  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                                      | EssilorLuxottica SA EUR0.18                                               | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     34141 | NS      | $9374891.85   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                     | Credit Agricole S.A. EUR3                                                 | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |    186800 | NS      | $3533946.50   | 0.26%             |  |  |  | No            |                  2 | On Loan: —       |
| BNP Paribas SA                                           | BNP Paribas SA EUR2                                                       | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     68200 | NS      | $6117674.19   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Compagnie de Saint-Gobain SA                             | Compagnie de Saint-Gobain SA EUR4                                         | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |    111523 | NS      | $13101229.52  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                                   | Yara International ASA NOK1.7                                             | CUSIP: R9900C106<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     58600 | NS      | $2162496.90   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                                   | Toyo Suisan Kaisha Ltd NPV                                                | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    130800 | NS      | $8693898.51   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Waters Corporation                                       | Waters Corporation COM                                                    | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |     12260 | NS      | $4279230.46   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Andritz AG                                               | Andritz AG NPV (BR)                                                       | CUSIP: A11123105<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |     30400 | NS      | $2264130.75   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW Hope Corp Ltd.                                       | NEW Hope Corp Ltd. NPV                                                    | CUSIP: Q66635105<br>LEI: 254900DHRUGXZSLSNZ83 | Long             | EC               | CORP              | AU        |    692100 | NS      | $1685410.88   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Super Retail Group Ltd.                                  | Super Retail Group Ltd. NPV                                               | CUSIP: Q88009107<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    202900 | NS      | $1902106.59   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sainsbury (J) PLC                                        | Sainsbury (J) PLC ORD GBP0.28571428                                       | CUSIP: G77732173<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |    634700 | NS      | $2524269.01   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                                 | Engie SA EUR1                                                             | CUSIP: F7629A107<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |    182800 | NS      | $4296325.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo S.p.A.                                          | Leonardo S.p.A. NPV                                                       | CUSIP: T6S996112<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     36400 | NS      | $2053944.25   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                          | Mitsubishi Chemical Group Corp. NPV                                       | CUSIP: J44046100<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |    347200 | NS      | $1824891.56   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                          | London Stock Exchange Group PLC ORD GBP0.06918604                         | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     69120 | NS      | $10103825.28  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                               | Legrand SA EUR4                                                           | CUSIP: F56196185<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    143938 | NS      | $19291855.00  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                             | Experian PLC ORD USD0.10                                                  | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    193137 | NS      | $9956668.04   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                             | 3i Group PLC ORD GBP0.738636                                              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     65100 | NS      | $3683247.75   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                              | Reckitt Benckiser Group PLC ORD GBP0.10                                   | CUSIP: G74079107<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     87496 | NS      | $5959619.68   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                                      | Amadeus IT Group SA EUR0.01                                               | CUSIP: E04648114<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |    120136 | NS      | $10149483.86  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Compagnie Financiere Richemont Sa                        | Compagnie Financiere Richemont Sa CHF1 (REGD)                             | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     16487 | NS      | $3119882.42   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                             | UBS Group AG USD0.10 (REGD)                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    519089 | NS      | $17623990.50  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                                 | Alcon AG CHF0.04                                                          | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     52348 | NS      | $4642376.67   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilfinger SE                                             | Bilfinger SE NPV                                                          | CUSIP: D11648108<br>LEI: 529900H0HULEN2BZ4604 | Long             | EC               | CORP              | DE        |     23200 | NS      | $2233179.75   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hugo Boss AG                                             | Hugo Boss AG NPV (REGD)                                                   | CUSIP: D34902102<br>LEI: 529900LFVU534EBRXD13 | Long             | EC               | CORP              | DE        |     44000 | NS      | $2038831.62   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                                           | Commerzbank AG NPV                                                        | CUSIP: D172W1279<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | EC               | CORP              | DE        |    133900 | NS      | $4219606.38   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                          | Knorr-Bremse AG NPV                                                       | CUSIP: D4S43E114<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |     48304 | NS      | $4685354.82   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokmanni Group Oyj                                       | Tokmanni Group Oyj NPV                                                    | CUSIP: X9078R102<br>LEI: 743700VMG6KWF0FW1560 | Long             | EC               | CORP              | FI        |    112500 | NS      | $1399012.29   | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| Compagnie Generale des Etablissements Michelin           | Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION) | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     67700 | NS      | $2518055.75   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                        | Airtel Africa PLC ORD USD0.5                                              | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   1222600 | NS      | $3026007.12   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva PLC                                                | Aviva PLC ORD GBP0.328947368                                              | CUSIP: G0683Q158<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    265900 | NS      | $2259873.69   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Greencore Group PLC                                      | Greencore Group PLC ORD GBP0.01 (CDI)                                     | CUSIP: G40866124<br>LEI: 635400GGBEWULJXM5868 | Long             | EC               | CORP              | IE        |     76700 | NS      | $245306.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PAX Global Technology Ltd.                               | PAX Global Technology Ltd. HKD0.10                                        | CUSIP: G6955J103<br>LEI: 5299008CRGPD1WZXCD36 | Long             | EC               | CORP              | BM        |   2174000 | NS      | $1675513.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesco PLC                                                | Tesco PLC ORD GBP0.0633333                                                | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |   1143600 | NS      | $6303675.32   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                       | Vodafone Group PLC ORD USD0.2095238                                       | CUSIP: G93882192<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |   1229200 | NS      | $1315457.63   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Pets At Home Group PLC                                   | Pets At Home Group PLC ORD GBP0.01                                        | CUSIP: G7041J107<br>LEI: 2138003Y9ULD24PD3J93 | Long             | EC               | CORP              | GB        |    415400 | NS      | $1494329.81   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                        | NatWest Group PLC ORD GBP1.0769                                           | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   3938160 | NS      | $27646615.92  | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                                | Shell PLC ORD EUR0.07                                                     | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    296100 | NS      | $10328743.19  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Computacenter PLC                                        | Computacenter PLC ORD GBP0.075555                                         | CUSIP: G23356150<br>LEI: 549300XSXUZ1I19DB105 | Long             | EC               | CORP              | GB        |     75200 | NS      | $2476503.96   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey Bankers Ltd                              | Johnson Matthey Bankers Ltd ORD GBP1.109245                               | CUSIP: G51604166<br>LEI: 2138001AVBSD1HSC6Z10 | Long             | EC               | CORP              | GB        |     16900 | NS      | $402732.66    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                                | Bank of Ireland Group PLC ORD EUR1.00                                     | CUSIP: G0756R109<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |    967362 | NS      | $13785069.85  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Plus500 Ltd.                                             | Plus500 Ltd. ORD ILS0.01 (DI)                                             | CUSIP: M7S2CK109<br>LEI: 549300X8NGW9C5OJZU13 | Long             | EC               | CORP              | IL        |     48426 | NS      | $2258391.47   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Pirelli & C S.p.A.                                       | Pirelli & C S.p.A. NPV                                                    | CUSIP: T76434264<br>LEI: 815600A0C9AFC1F2A709 | Long             | EC               | CORP              | IT        |    603400 | NS      | $4159294.07   | 0.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Ezaki Glico Co., Ltd.                                    | Ezaki Glico Co., Ltd. NPV                                                 | CUSIP: J13314109<br>LEI: 3538001RG4BHKDFV6G61 | Long             | EC               | CORP              | JP        |     73700 | NS      | $2357616.17   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Hosiden Corp                                             | Hosiden Corp NPV                                                          | CUSIP: J22470108<br>LEI: 353800IQGIGW1XT2JX97 | Long             | EC               | CORP              | JP        |    111300 | NS      | $1706775.65   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Megmilk Snow Brand                                       | Megmilk Snow Brand NPV                                                    | CUSIP: J41966102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    103300 | NS      | $1957141.98   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Forestry Co Ltd.                                | Sumitomo Forestry Co Ltd. NPV                                             | CUSIP: J77454122<br>LEI: 549300FIIRGO6D5FWR19 | Long             | EC               | CORP              | JP        |    230700 | NS      | $2329685.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Okamura Corp                                             | Okamura Corp NPV                                                          | CUSIP: J60514114<br>LEI: 35380084C4I8EO2QWD96 | Long             | EC               | CORP              | JP        |    181700 | NS      | $2797837.32   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kohnan Shoji Co Ltd                                      | Kohnan Shoji Co Ltd NPV                                                   | CUSIP: J3479K101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     73400 | NS      | $1985135.69   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeuchi Mfg Co Ltd                                      | Takeuchi Mfg Co Ltd NPV                                                   | CUSIP: J8135G105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     41500 | NS      | $1346741.67   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Screen Holdings Co Ltd.                                  | Screen Holdings Co Ltd. NPV                                               | CUSIP: J6988U114<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |     29600 | NS      | $2406818.22   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd.                              | Japan Post Holdings Co Ltd. NPV                                           | CUSIP: J2800D109<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |    237900 | NS      | $2203481.51   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokohama Rubber Co Ltd                                   | Yokohama Rubber Co Ltd NPV                                                | CUSIP: J97536171<br>LEI: 52990036XNWY2FMYWB76 | Long             | EC               | CORP              | JP        |    106600 | NS      | $2931115.00   | 0.22%             |  |  |  | No            |                  2 | On Loan: —       |
| D/S Norden                                               | D/S Norden DKK1                                                           | CUSIP: K19911146<br>LEI: 529900RGXD3CBR3BRU63 | Long             | EC               | CORP              | DK        |     39080 | NS      | $1240419.10   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Rockwool A/S                                             | Rockwool A/S SER'B'DKK1                                                   | CUSIP: K8254S250<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |     40000 | NS      | $1874891.75   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings N.V.                                     | AerCap Holdings N.V. EUR0.01                                              | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |      3260 | NS      | $381420.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour S.A.                                           | Carrefour S.A. EUR2.50                                                    | CUSIP: F13923119<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |    212700 | NS      | $3000404.25   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                    | Banco Santander, S.A. EUR0.50(REGD)                                       | CUSIP: E19790109<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    799200 | NS      | $6618096.53   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group PLC                                             | BT Group PLC ORD GBP0.05                                                  | CUSIP: G16612106<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |   2057600 | NS      | $5477389.88   | 0.40%             |  |  |  | No            |                  2 | On Loan: —       |
| Bouygues SA                                              | Bouygues SA EUR1                                                          | CUSIP: F11487125<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     88500 | NS      | $4002399.50   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| STMicroelectronics N.V.                                  | STMicroelectronics N.V. EUR1.04                                           | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |     66200 | NS      | $2029829.97   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd                   | Samsung Fire & Marine Insurance Co Ltd KRW500                             | CUSIP: Y7473H108<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |     13121 | NS      | $4207084.34   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext N.V.                                            | Euronext N.V. EUR1.60                                                     | CUSIP: N3113K397<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     63801 | NS      | $10931822.77  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                | Prosus NV EUR0.05 (N SHARES)                                              | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     51600 | NS      | $2895104.06   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                                  | DBS Group Holdings Ltd. NPV                                               | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     74970 | NS      | $2646597.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                                             | Subaru Corp. NPV                                                          | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |    129400 | NS      | $2243329.44   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                      | LVMH Moet Hennessy Louis Vuitton SE EUR0.30                               | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      3359 | NS      | $1758038.49   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| A2A S.p.A.                                               | A2A S.p.A. EUR0.52                                                        | CUSIP: T0579B105<br>LEI: 81560076E3944316DB24 | Long             | EC               | CORP              | IT        |   1171400 | NS      | $3155196.34   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co Ltd                                          | Kamigumi Co Ltd NPV                                                       | CUSIP: J29438165<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     97100 | NS      | $2698236.87   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Gas Chemical Co Inc.                          | Mitsubishi Gas Chemical Co Inc. NPV                                       | CUSIP: J43959113<br>LEI: 529900G5O4J27ZPLJJ89 | Long             | EC               | CORP              | JP        |    178300 | NS      | $2737728.51   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                                | Sanofi SA EUR2                                                            | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     63800 | NS      | $6176733.00   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                         | Deutsche Bank AG ORD NPV(REGD)                                            | CUSIP: D18190898<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |    316400 | NS      | $9379842.13   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| NGK Insulators Ltd                                       | NGK Insulators Ltd NPV                                                    | CUSIP: J49076110<br>LEI: 353800701BNCL25VYY16 | Long             | EC               | CORP              | JP        |    140500 | NS      | $1763500.25   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp.                                            | Olympus Corp. NPV                                                         | CUSIP: J61240107<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    219300 | NS      | $2604916.10   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                    | Societe Generale S.A. EUR1.25                                             | CUSIP: F8591M517<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     99100 | NS      | $5668953.82   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Harvey Norman Holdings Ltd.                              | Harvey Norman Holdings Ltd. NPV                                           | CUSIP: Q4525E117<br>LEI: 529900ONRWOF42PYKU59 | Long             | EC               | CORP              | AU        |    364500 | NS      | $1264615.23   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Citizen Watch Co Ltd                                     | Citizen Watch Co Ltd NPV                                                  | CUSIP: J0793Q103<br>LEI: 529900DUZBKERKGQ2628 | Long             | EC               | CORP              | JP        |    360400 | NS      | $2136046.13   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Cycle & Carriage Ltd.                            | Jardine Cycle & Carriage Ltd. NPV                                         | CUSIP: Y43703100<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |    185000 | NS      | $3548609.92   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co Ltd                                  | Stanley Electric Co Ltd NPV                                               | CUSIP: J76637115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     78400 | NS      | $1550660.04   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                                  | Eni SpA NPV                                                               | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    163700 | NS      | $2644437.38   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital Inc.                               | Mitsubishi HC Capital Inc. NPV                                            | CUSIP: J4706D100<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |    301900 | NS      | $2222807.24   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd                            | Nomura Research Institute Ltd NPV                                         | CUSIP: J5900F106<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    107971 | NS      | $4318560.54   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Yue Yuen Industrial (Holdings) Limited                   | Yue Yuen Industrial (Holdings) Limited HKD0.25                            | CUSIP: G98803144<br>LEI: 254900YUFIBANZ1XU687 | Long             | EC               | CORP              | BM        |   1030400 | NS      | $1580722.81   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp.                                             | Sojitz Corp. NPV                                                          | CUSIP: J7608R119<br>LEI: 5493004SE33MRLPB1W98 | Long             | EC               | CORP              | JP        |    117500 | NS      | $2887390.73   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.             | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     98501 | NS      | $22309491.77  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Wienerberger AG                                          | Wienerberger AG NPV                                                       | CUSIP: A95384110<br>LEI: 529900VXIFBHO0SW2I31 | Long             | EC               | CORP              | AT        |     48100 | NS      | $1797598.59   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Chemicals Inc.                                    | Mitsui Chemicals Inc. NPV                                                 | CUSIP: J4466L136<br>LEI: 353800H2UB5ZEZRZQC02 | Long             | EC               | CORP              | JP        |     75100 | NS      | $1736365.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd.                                      | Qantas Airways Ltd. NPV                                                   | CUSIP: Q77974550<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    700800 | NS      | $4950854.17   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co Ltd                                            | Sankyo Co Ltd NPV                                                         | CUSIP: J67844100<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |    215300 | NS      | $3984942.54   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Santen Pharmaceutical Co Ltd.                            | Santen Pharmaceutical Co Ltd. NPV                                         | CUSIP: J68467109<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |    159100 | NS      | $1825742.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| AGL Energy Ltd.                                          | AGL Energy Ltd. NPV                                                       | CUSIP: Q01630195<br>LEI: 549300QAZ8A74DEDXO80 | Long             | EC               | CORP              | AU        |    470100 | NS      | $3014491.03   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sydbank AS                                               | Sydbank AS DKK10                                                          | CUSIP: K9419V113<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | EC               | CORP              | DK        |     38100 | NS      | $2826006.50   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.                      | Teva Pharmaceutical Industries Ltd. ILS0.10                               | CUSIP: M8769Q102<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |    132842 | NS      | $2234957.23   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Toyota Boshoku Corp.                                     | Toyota Boshoku Corp. NPV                                                  | CUSIP: J91214106<br>LEI: 529900KS87U6EY7PWG26 | Long             | EC               | CORP              | JP        |    153500 | NS      | $2092633.32   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA SPON ADR REP 2 PRF SHS                             | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    229045 | NS      | $2643179.29   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                                     | Ryanair Holdings PLC ADS EACH REPR 5 ORD EUR0.01                          | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    130818 | NS      | $7544274.11   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                         | TotalEnergies SE EUR2.5                                                   | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    410280 | NS      | $25077478.05  | 1.85%             |  |  |  | No            |                  2 | On Loan: —       |
| Galp Energia SGPS SA                                     | Galp Energia SGPS SA EUR1                                                 | CUSIP: X3078L108<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    180048 | NS      | $3295940.79   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                               | Symrise AG NPV (BR)                                                       | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     41825 | NS      | $4385965.64   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                              | Aker BP ASA NOK1                                                          | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |    226147 | NS      | $5779051.80   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings Inc.                              | Dai-ichi Life Holdings Inc. NPV                                           | CUSIP: J09748112<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |    361180 | NS      | $2745909.33   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Novonesis (Novozymes) B                                  | Novonesis (Novozymes) B SER'B'DKK2                                        | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     19642 | NS      | $1410234.39   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SKF AB                                                   | SKF AB SER'B'NPV                                                          | CUSIP: W84237143<br>LEI: 549300B6HWYEE57O8J84 | Long             | EC               | CORP              | SE        |    136100 | NS      | $3126258.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa Aktiebolaget SCA (publ)                | Svenska Cellulosa Aktiebolaget SCA (publ) SER'B'NPV                       | CUSIP: W90152120<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |    218543 | NS      | $2841662.70   | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| Julius Baer Group AG                                     | Julius Baer Group AG CHF0.02 (REGD)                                       | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     92610 | NS      | $6282184.79   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss RE AG                                              | Swiss RE AG CHF0.10                                                       | CUSIP: H8431B109<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |     48400 | NS      | $8372575.86   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                                   | Agnico Eagle Mines Ltd COM NPV                                            | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     74685 | NS      | $8898018.36   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation                      | Wheaton Precious Metals Corporation COM NPV                               | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    116775 | NS      | $10501388.98  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd.                                               | Aegon Ltd. EUR0.12                                                        | CUSIP: G0112X105<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | BM        |    457600 | NS      | $3316106.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco Nevada Corp                                       | Franco Nevada Corp COM NPV                                                | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    133570 | NS      | $21929315.04  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EFG International AG                                     | EFG International AG CHF0.50 (REGD)                                       | CUSIP: H2078C108<br>LEI: 506700PR1R98BSF81139 | Long             | EC               | CORP              | CH        |     91800 | NS      | $1701376.37   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                          | Sandoz Group AG CHF0.05                                                   | CUSIP: H7140B103<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |    190819 | NS      | $10457525.92  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                                | Avolta AG CHF5 (REGD)                                                     | CUSIP: H2082J107<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |     76000 | NS      | $4139803.08   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                         | Coca-Cola HBC AG ORD CHF6.70(CDI)                                         | CUSIP: H1512E100<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |     65100 | NS      | $3399197.47   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Signify NV                                               | Signify NV EUR0.01                                                        | CUSIP: N8063K107<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |     92300 | NS      | $2506182.25   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                                        | ASML Holding N.V. EUR0.09                                                 | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      5609 | NS      | $4494711.38   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                                  | Sika AG CHF0.01 (REG)                                                     | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     12458 | NS      | $3389621.98   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Schaeffler AG                                            | Schaeffler AG NPV (REG)                                                   | CUSIP: D6T0B6155<br>LEI: 549300Q7E782X7GC1P43 | Long             | EC               | CORP              | DE        |    423994 | NS      | $2274120.75   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| Traton SE                                                | Traton SE NPV (NEW)                                                       | CUSIP: D8T4KC101<br>LEI: 529900UIMQRKPFN6SV80 | Long             | EC               | CORP              | DE        |     57500 | NS      | $1870317.40   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Teamviewer SE                                            | Teamviewer SE NPV                                                         | CUSIP: D8T895100<br>LEI: 3912000FZ0R0KEK9JS42 | Long             | EC               | CORP              | DE        |    161000 | NS      | $1816954.47   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Scandinavian Tobacco Group A/s                           | Scandinavian Tobacco Group A/s DKK1                                       | CUSIP: K8553U105<br>LEI: 5299003KG4JS99TRML67 | Long             | EC               | CORP              | DK        |    124000 | NS      | $1645721.88   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Airlines Group S.A.           | International Consolidated Airlines Group S.A. ORD EUR0.10 (CDI)          | CUSIP: E67674106<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | ES        |    440100 | NS      | $1771082.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                                 | Daimler Truck Holding AG NPV                                              | CUSIP: D1T3RZ100<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |     95500 | NS      | $4530911.89   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| DFDS AS                                                  | DFDS AS DKK20                                                             | CUSIP: K29758164<br>LEI: 549300JZVW1Y1UZ5UK38 | Long             | EC               | CORP              | DK        |     25700 | NS      | $455776.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                                 | Ipsen SA EUR1                                                             | CUSIP: F5362H107<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |     15600 | NS      | $1858243.18   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel, S.A.                                              | Rexel, S.A. EUR5                                                          | CUSIP: F7782J366<br>LEI: 969500N6AVPA51648T62 | Long             | EC               | CORP              | FR        |     65700 | NS      | $2026370.31   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Compania De Distribucion Integral Logista Holdings S.A.U | Compania De Distribucion Integral Logista Holdings S.A.U EUR0.2           | CUSIP: E0304S106<br>LEI: 9598000ANNAL42UJ7X28 | Long             | EC               | CORP              | ES        |     82400 | NS      | $2698361.42   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sopra Steria Group SA                                    | Sopra Steria Group SA EUR1.00                                             | CUSIP: F20906115<br>LEI: 96950020QIOHAAK9V551 | Long             | EC               | CORP              | FR        |      6100 | NS      | $1487272.33   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                                  | CRH PLC ORD EUR 0.32                                                      | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     93196 | NS      | $8555392.57   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                               | Haleon PLC ORD GBP0.01                                                    | CUSIP: G4232K100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |   2558549 | NS      | $13146447.11  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitie Group PLC                                          | Mitie Group PLC ORD GBP0.025                                              | CUSIP: G6164F157<br>LEI: 213800MTCLTKEHWZMJ03 | Long             | EC               | CORP              | GB        |   1421600 | NS      | $2755566.73   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Croda International PLC                                  | Croda International PLC ORD GBP0.10609756                                 | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     38392 | NS      | $1540830.56   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                                                | Rubis SCA EUR1.25                                                         | CUSIP: F7686C152<br>LEI: 969500MGFIKUGLTC9742 | Long             | EC               | CORP              | FR        |     74500 | NS      | $2408850.44   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| Nordea Bank ABP                                          | Nordea Bank ABP NPV                                                       | CUSIP: X5S8VL105<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |    179900 | NS      | $2669312.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Macnica Holdings Inc                                     | Macnica Holdings Inc NPV                                                  | CUSIP: J3923S106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    119700 | NS      | $1605907.70   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokuyama Corp                                            | Tokuyama Corp NPV                                                         | CUSIP: J86506110<br>LEI: 529900MHGZKHNMNCQB62 | Long             | EC               | CORP              | JP        |    150100 | NS      | $3136571.97   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                                  | GSK plc ORD GBP0.3125                                                     | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    416600 | NS      | $7940210.84   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Willis Towers Watson Public Limited Company              | Willis Towers Watson Public Limited Company COM USD0.000304635            | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     26346 | NS      | $8075049.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| M3, Inc.                                                 | M3, Inc. NPV                                                              | CUSIP: J4697J108<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |    337000 | NS      | $4629271.29   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwabo Holdings Co Ltd.                                 | Daiwabo Holdings Co Ltd. NPV                                              | CUSIP: J1R29Q108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    111800 | NS      | $2009589.80   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Drax Group PLC                                           | Drax Group PLC ORD GBP0.1155172                                           | CUSIP: G2904K127<br>LEI: 549300YPSNTXR4ZHSR98 | Long             | EC               | CORP              | GB        |    421000 | NS      | $4009576.00   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                                  | IMI PLC ORD GBP0.28571428                                                 | CUSIP: G47152114<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |    356271 | NS      | $10241928.69  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Lion Corp                                                | Lion Corp NPV                                                             | CUSIP: J38933107<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |     52500 | NS      | $542824.43    | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Rohto Pharmaceutical Co Ltd                              | Rohto Pharmaceutical Co Ltd NPV                                           | CUSIP: J65371106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    299200 | NS      | $4240371.28   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingboard Holdings Ltd.                                  | Kingboard Holdings Ltd. HKD0.10                                           | CUSIP: G52562140<br>LEI: 529900G89MY26MMSDR76 | Long             | EC               | CORP              | KY        |   1035500 | NS      | $3317350.37   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd.                             | Northern Star Resources Ltd. NPV                                          | CUSIP: Q6951U101<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    164001 | NS      | $2025763.07   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group PLC                                         | Spirax Group PLC ORD GBP0.269230769                                       | CUSIP: G83561129<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     29548 | NS      | $2414170.20   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                               | National Bank of Greece SA EUR1.00 (POST CONS)                            | CUSIP: X56533189<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    390780 | NS      | $4982752.30   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd.                               | Woodside Energy Group Ltd. NPV                                            | CUSIP: Q98327333<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    312399 | NS      | $4825600.83   | 0.36%             |  |  |  | No            |                  2 | On Loan: —       |
| DnB Bank ASA                                             | DnB Bank ASA NOK12.50                                                     | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |    105200 | NS      | $2909261.75   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                            | AIB Group PLC ORD EUR0.625                                                | CUSIP: G0R4HJ106<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |   2084081 | NS      | $17199662.30  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shinyaku Co                                       | Nippon Shinyaku Co NPV                                                    | CUSIP: J55784102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     80400 | NS      | $1754587.11   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                            | Assa Abloy AB SER'B'NPV                                                   | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    247092 | NS      | $7724996.78   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyu Inc                                               | Sankyu Inc NPV                                                            | CUSIP: J68037100<br>LEI: 529900QWTXZZEM1T5G75 | Long             | EC               | CORP              | JP        |     32200 | NS      | $1727155.70   | 0.13%             |  |  |  | No            |                  2 | On Loan: —       |
| Tsubakimoto Chain Co                                     | Tsubakimoto Chain Co NPV                                                  | CUSIP: J93020105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    205600 | NS      | $2559893.58   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group N.V.                                            | NN Group N.V. EUR0.12                                                     | CUSIP: N64038107<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     77200 | NS      | $5136833.65   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                       | ABN AMRO Bank N.V. DR EACH REP SHS                                        | CUSIP: N0162C102<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |    168200 | NS      | $4592873.63   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrotec Holdings Corp.                                  | FERROTEC CORPORATION NPV                                                  | CUSIP: J1347N109<br>LEI: 3538005N4KWZD4R07U97 | Long             | EC               | CORP              | JP        |    153100 | NS      | $3229890.13   | 0.24%             |  |  |  | No            |                  2 | On Loan: —       |
| Rengo Co., Ltd.                                          | Rengo Co., Ltd. NPV                                                       | CUSIP: J64382104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    266700 | NS      | $1445502.18   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd.                                            | WH Group Ltd. USD0.0001                                                   | CUSIP: G96007102<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |   5235500 | NS      | $5045933.57   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                               | Tenaris SA USD1                                                           | CUSIP: L90272136<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    192780 | NS      | $3613611.05   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis N.V                                           | Stellantis N.V COM EUR0.01                                                | CUSIP: N82405106<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | EC               | CORP              | NL        |    166012 | NS      | $1667765.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Iveco Group NV                                           | Iveco Group NV EUR0.01                                                    | CUSIP: N47017103<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | NL        |    158700 | NS      | $3125328.10   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon Ltd.                                               | Aegon Ltd. EUR0.12 STK DIV 01/07/2025                                     | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | BM        |    457600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Mowi ASA                                                 | Mowi ASA NOK7.50                                                          | CUSIP: R4S04H101<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     87100 | NS      | $1682198.72   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Heijmans NV                                  | Koninklijke Heijmans NV CVA EUR0.30                                       | CUSIP: N3928R264<br>LEI: 724500OUE3PCA809DZ79 | Long             | EC               | CORP              | NL        |     38400 | NS      | $2487346.75   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                           | ING Groep N.V. EUR0.01                                                    | CUSIP: N4578E595<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    196800 | NS      | $4313414.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland N.V.                                       | ASR Nederland N.V. EUR0.16                                                | CUSIP: N0709G103<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     41800 | NS      | $2777433.25   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurocommercial Properties N.V                            | Eurocommercial Properties N.V EUR10.00                                    | CUSIP: N31068195<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               | CORP              | NL        |     82400 | NS      | $2605900.24   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd.                                      | Perseus Mining Ltd. NPV                                                   | CUSIP: Q74174105<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   1385700 | NS      | $3147188.14   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Betsson AB (publ)                                        | Betsson AB (publ) NPV B                                                   | CUSIP: W1556V193<br>LEI: 549300W61XW8OFGBG077 | Long             | EC               | CORP              | SE        |    204400 | NS      | $4327759.38   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Inghams Group Ltd.                                       | Inghams Group Ltd. NPV                                                    | CUSIP: Q4912E100<br>LEI: 529900ZZ4VRHSGVBNE41 | Long             | EC               | CORP              | AU        |   1028800 | NS      | $2403934.36   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                                | Epiroc AB SER'A'NPV                                                       | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    140445 | NS      | $3056062.59   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                               | Boliden AB NPV                                                            | CUSIP: W17218210<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |     42600 | NS      | $1331227.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER Banca S.p.A.                                        | BPER Banca S.p.A. NPV                                                     | CUSIP: T1325T119<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |    372502 | NS      | $3380942.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: —       |
| Kalmar Oyj                                               | Kalmar Oyj SER'B'NPV                                                      | CUSIP: X4S8SE108<br>LEI: 636700Z25ZQXLMZ3CY73 | Long             | EC               | CORP              | FI        |     38300 | NS      | $1629244.75   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-20

**Name of Applicant:** EMPOWER FUNDS, INC.

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Empower Funds, Inc.