# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020255
**Filing Date:** 2026-5
**Character Count:** 358527
**Document Hash:** 5a5c874bc197223cb5c5e2d81cfccbe6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020255.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020255

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PENN SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000702340

**ORGANIZATION NAME:**
- **EIN:** 232209178
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03459
- **FILM NUMBER:** 261007347

**BUSINESS ADDRESS:**
- **STREET 1:** 600 DRESHER RD
- **STREET 2:** C3D
- **CITY:** HORSHAM
- **STATE:** PA
- **ZIP:** 19044
- **BUSINESS PHONE:** (215) 956-8835

**MAIL ADDRESS:**
- **STREET 1:** 600 DRESHER ROAD
- **STREET 2:** C3D
- **CITY:** HORSHAM
- **STATE:** PA
- **ZIP:** 19044

## Series and Classes Contracts Data

### Developed International Index Fund (Series ID: S000022083)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000063374 | Developed International Index Fund |  |

## Nport-Ex

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 97.8%** | **COMMON STOCKS — 97.8%** | **COMMON STOCKS — 97.8%** |
| **Australia — 6.5%** | **Australia — 6.5%** | **Australia — 6.5%** |
| ANZ Group Holdings Ltd. | 13608 | &nbsp;&nbsp;&nbsp;&nbsp;$342177 |
| APA Group | &nbsp;&nbsp;&nbsp;5847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40278 |
| Aristocrat Leisure Ltd. | &nbsp;&nbsp;&nbsp;2575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81847 |
| ASX Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33670 |
| BHP Group Ltd. | &nbsp;&nbsp;23186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;838928 |
| Brambles Ltd. | &nbsp;&nbsp;&nbsp;6322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99219 |
| CAR Group Ltd. | &nbsp;&nbsp;&nbsp;1639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26164 |
| Cochlear Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33183 |
| Coles Group Ltd. | &nbsp;&nbsp;&nbsp;6237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94583 |
| Commonwealth Bank of Australia | &nbsp;&nbsp;&nbsp;7640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894696 |
| Computershare Ltd. | &nbsp;&nbsp;&nbsp;2288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45125 |
| CSL Ltd. | &nbsp;&nbsp;&nbsp;2208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216867 |
| Evolution Mining Ltd. | &nbsp;&nbsp;&nbsp;9441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85013 |
| Fortescue Ltd. | &nbsp;&nbsp;&nbsp;7822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111773 |
| Goodman Group | &nbsp;&nbsp;&nbsp;9341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167704 |
| Insurance Australia Group Ltd. | &nbsp;&nbsp;10138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51341 |
| Lynas Rare Earths Ltd.\* | &nbsp;&nbsp;&nbsp;4367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59293 |
| Macquarie Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234536 |
| Medibank Pvt. Ltd. | &nbsp;&nbsp;11857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35877 |
| National Australia Bank Ltd. | 13900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402067 |
| Northern Star Resources Ltd. | &nbsp;&nbsp;&nbsp;6260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91000 |
| Origin Energy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;8115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69831 |
| Pro Medicus Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21016 |
| Qantas Airways Ltd. | &nbsp;&nbsp;&nbsp;3289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19320 |
| QBE Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103519 |
| REA Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24651 |
| Rio Tinto Ltd. | &nbsp;&nbsp;&nbsp;1699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193029 |
| Santos Ltd. | &nbsp;&nbsp;&nbsp;14114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77254 |
| Scentre Group | 24448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56410 |
| SGH Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24895 |
| Sigma Healthcare Ltd. | 24657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45565 |
| Sonic Healthcare Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;2111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29995 |
| South32 Ltd. | 18388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55679 |
| South32 Ltd. | &nbsp;&nbsp;&nbsp;2925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8795 |
| Stockland | &nbsp;&nbsp;11726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35199 |
| Suncorp Group Ltd. | &nbsp;&nbsp;4660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52298 |
| Telstra Group Ltd. | 18709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69066 |
| The Lottery Corp. Ltd. | &nbsp;&nbsp;&nbsp;9935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37103 |
| Transurban Group | 14288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139377 |
| Vicinity Ltd. | &nbsp;&nbsp;16563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27021 |
| Washington H. Soul Pattinson & Co., Ltd. | &nbsp;&nbsp;&nbsp;1643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46173 |
| Wesfarmers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263551 |
| Westpac Banking Corp. | &nbsp;&nbsp;15519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428872 |
| WiseTech Global Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25901 |
| Woodside Energy Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;8717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206920 |
| Woolworths Group Ltd. | &nbsp;&nbsp;&nbsp;5650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142675 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6189456 |
| **Austria — 0.3%** | **Austria — 0.3%** | **Austria — 0.3%** |
| BAWAG Group AG, 144A@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53058 |
| Erste Group Bank AG | &nbsp;&nbsp;&nbsp;1409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152208 |
| OMV AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45871 |
| Raiffeisen Bank International AG | &nbsp;&nbsp;&nbsp;&nbsp;646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27666 |
| Verbund AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23384 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302187 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Belgium — 0.9%** | **Belgium — 0.9%** | **Belgium — 0.9%** |
| Ageas S.A./N.V. | &nbsp;&nbsp;&nbsp;&nbsp;708 | &nbsp;&nbsp;&nbsp;&nbsp;$52118 |
| Anheuser-Busch InBev S.A./N.V. | &nbsp;&nbsp;4495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310991 |
| D'ieteren Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15368 |
| Elia Group S.A./N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33177 |
| Financiere de Tubize S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24807 |
| Groupe Bruxelles Lambert N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32929 |
| KBC Group N.V. | &nbsp;&nbsp;&nbsp;1054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129001 |
| Lotus Bakeries N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22582 |
| Sofina S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16998 |
| Syensqo S.A. | &nbsp;&nbsp;&nbsp;&nbsp;306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17837 |
| UCB S.A. | &nbsp;&nbsp;&nbsp;&nbsp;579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174451 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830259 |
| **Chile — 0.1%** | **Chile — 0.1%** | **Chile — 0.1%** |
| Antofagasta PLC | &nbsp;&nbsp;&nbsp;1838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82424 |
| **China — 0.0%** | **China — 0.0%** | **China — 0.0%** |
| Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp;11200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33268 |
| **Czechia — 0.0%** | **Czechia — 0.0%** | **Czechia — 0.0%** |
| CSG N.V.\* | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24415 |
| **Denmark — 1.6%** | **Denmark — 1.6%** | **Denmark — 1.6%** |
| A.P. Moller - Maersk A/S, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34280 |
| A.P. Moller - Maersk A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47460 |
| Carlsberg A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51433 |
| Coloplast A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37329 |
| Danske Bank A/S | &nbsp;&nbsp;&nbsp;3061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150854 |
| Demant A/S\* | &nbsp;&nbsp;&nbsp;&nbsp;503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15243 |
| DSV A/S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;931 | &nbsp;&nbsp;&nbsp;&nbsp;224844 |
| Genmab A/S\* | &nbsp;&nbsp;&nbsp;&nbsp;266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71640 |
| Novo Nordisk A/S, Class B | 14575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533365 |
| Novonesis Novozymes, Class B | &nbsp;&nbsp;&nbsp;1545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91790 |
| Orsted A/S@,\* | &nbsp;&nbsp;&nbsp;2382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59071 |
| Pandora A/S | &nbsp;&nbsp;&nbsp;&nbsp;349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24944 |
| ROCKWOOL A/S, Class B | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11110 |
| Tryg A/S | &nbsp;&nbsp;&nbsp;1610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38375 |
| Vestas Wind Systems A/S | &nbsp;&nbsp;&nbsp;4641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140023 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1531761 |
| **Finland — 1.2%** | **Finland — 1.2%** | **Finland — 1.2%** |
| Elisa OYJ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29713 |
| Fortum OYJ | &nbsp;&nbsp;&nbsp;1907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48767 |
| Kesko OYJ, Class B | &nbsp;&nbsp;&nbsp;1229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27294 |
| Kone OYJ, Class B | &nbsp;&nbsp;&nbsp;1564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99847 |
| Metso OYJ | &nbsp;&nbsp;&nbsp;&nbsp;3130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54244 |
| Neste OYJ | &nbsp;&nbsp;&nbsp;2016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65515 |
| Nokia OYJ | 24265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194654 |
| Nordea Bank Abp | &nbsp;&nbsp;13107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224824 |
| Nordea Bank Abp | &nbsp;&nbsp;&nbsp;1029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17719 |
| Orion OYJ, Class B | &nbsp;&nbsp;&nbsp;&nbsp;462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37342 |
| Sampo OYJ, Class A | &nbsp;&nbsp;11050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117529 |
| Stora Enso OYJ, Class R | &nbsp;&nbsp;&nbsp;2435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28594 |
| UPM-Kymmene OYJ | &nbsp;&nbsp;&nbsp;2323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72709 |
| Wartsila OYJ Abp | &nbsp;&nbsp;&nbsp;2189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81536 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1100287 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **France — 9.7%** | **France — 9.7%** | **France — 9.7%** |
| Accor S.A. | &nbsp;&nbsp;&nbsp;&nbsp;883 | &nbsp;&nbsp;&nbsp;&nbsp;$42352 |
| Aeroports de Paris S.A. | &nbsp;&nbsp;&nbsp;&nbsp;143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17470 |
| Air Liquide S.A. | 2622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541963 |
| Airbus S.E. | &nbsp;&nbsp;2691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508795 |
| Alstom S.A.\* | &nbsp;&nbsp;1645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47044 |
| Amundi S.A.@ | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24922 |
| AXA S.A. | &nbsp;&nbsp;7578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348221 |
| Ayvens S.A., 144A@ | &nbsp;&nbsp;1598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18841 |
| BioMerieux | &nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18375 |
| BNP Paribas S.A. | 4559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434307 |
| Bollore S.E. | &nbsp;&nbsp;3186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18218 |
| Bouygues S.A. | &nbsp;&nbsp;&nbsp;&nbsp;911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52799 |
| Bureau Veritas S.A. | &nbsp;&nbsp;1613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48279 |
| Capgemini S.E. | &nbsp;&nbsp;&nbsp;&nbsp;709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83661 |
| Carrefour S.A. | 2798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51807 |
| Cie de Saint-Gobain S.A. | 2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169563 |
| Cie Generale des Etablissements Michelin SCA | 3094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105997 |
| Covivio SA | &nbsp;&nbsp;&nbsp;&nbsp;233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13925 |
| Credit Agricole S.A. | &nbsp;&nbsp;4661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86995 |
| Danone S.A. | 2946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235406 |
| Dassault Aviation S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33126 |
| Dassault Systemes S.E. | 2943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59579 |
| Eiffage S.A. | &nbsp;&nbsp;&nbsp;&nbsp;319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48924 |
| Engie S.A. | 8329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268422 |
| EssilorLuxottica S.A. | &nbsp;&nbsp;1365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318079 |
| Gecina S.A. | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16175 |
| Getlink S.E. | &nbsp;&nbsp;1352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29175 |
| Hermes International SCA | &nbsp;&nbsp;&nbsp;&nbsp;144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272787 |
| Ipsen S.A. | &nbsp;&nbsp;&nbsp;&nbsp;156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29154 |
| Kering S.A. | &nbsp;&nbsp;&nbsp;&nbsp;342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103853 |
| Klepierre S.A. | &nbsp;&nbsp;&nbsp;&nbsp;914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34314 |
| Legrand S.A. | &nbsp;&nbsp;1199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186270 |
| L'Oreal S.A. | 1089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444628 |
| LVMH Moet Hennessy Louis Vuitton S.E. | &nbsp;&nbsp;&nbsp;1131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618261 |
| Orange S.A. | &nbsp;&nbsp;8541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175117 |
| Pernod Ricard S.A. | &nbsp;&nbsp;&nbsp;&nbsp;884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65736 |
| Publicis Groupe S.A. | &nbsp;&nbsp;&nbsp;&nbsp;994 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82273 |
| Renault S.A. | &nbsp;&nbsp;&nbsp;&nbsp;921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31575 |
| Rexel S.A. | 1004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39785 |
| Safran S.A. | &nbsp;&nbsp;1631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533711 |
| Sanofi SA | 5008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483622 |
| Sartorius Stedim Biotech | &nbsp;&nbsp;&nbsp;&nbsp;129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25124 |
| Schneider Electric S.E. | 2503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681771 |
| Societe Generale S.A. | &nbsp;&nbsp;3218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234968 |
| Sodexo S.A. | &nbsp;&nbsp;&nbsp;&nbsp;410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21046 |
| Thales S.A. | &nbsp;&nbsp;&nbsp;&nbsp;426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124922 |
| TotalEnergies S.E. | 9069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832300 |
| Unibail-Rodamco-Westfield | &nbsp;&nbsp;&nbsp;&nbsp;537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59245 |
| Veolia Environnement S.A. | &nbsp;&nbsp;2911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110868 |
| Vinci S.A. | 2267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340275 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9174025 |
| **Germany — 8.6%** | **Germany — 8.6%** | **Germany — 8.6%** |
| adidas AG | &nbsp;&nbsp;&nbsp;&nbsp;783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126734 |
| Allianz S.E. | &nbsp;&nbsp;1737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733568 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Germany — (continued)** | **Germany — (continued)** | **Germany — (continued)** |
| BASF S.E. | &nbsp;&nbsp;&nbsp;4070 | &nbsp;&nbsp;&nbsp;$250673 |
| Bayer AG | &nbsp;&nbsp;4486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207604 |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;1289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119241 |
| Beiersdorf AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38741 |
| Brenntag S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36105 |
| Commerzbank AG | &nbsp;&nbsp;&nbsp;3362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122643 |
| Continental AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35253 |
| CTS Eventim AG & Co., KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16283 |
| Daimler Truck Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;2115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104155 |
| Delivery Hero S.E.@,\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16221 |
| Deutsche Bank AG | &nbsp;&nbsp;&nbsp;8410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250282 |
| Deutsche Boerse AG | &nbsp;&nbsp;&nbsp;&nbsp;858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251347 |
| Deutsche Lufthansa AG | &nbsp;&nbsp;&nbsp;2941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25045 |
| Deutsche Post AG | &nbsp;&nbsp;&nbsp;4169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219735 |
| Deutsche Telekom AG | 16670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622179 |
| E.ON S.E. | &nbsp;&nbsp;10255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224600 |
| Evonik Industries AG | &nbsp;&nbsp;&nbsp;&nbsp;1156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22684 |
| Fresenius Medical Care AG | &nbsp;&nbsp;&nbsp;1043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47266 |
| Fresenius S.E. & Co., KGaA | &nbsp;&nbsp;&nbsp;1943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100834 |
| GEA Group AG | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49987 |
| Hannover Rueck S.E. | &nbsp;&nbsp;&nbsp;&nbsp;264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83002 |
| Heidelberg Materials AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129154 |
| Henkel AG & Co., KGaA | &nbsp;&nbsp;&nbsp;&nbsp;470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33760 |
| Hensoldt AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27868 |
| HOCHTIEF AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34570 |
| Infineon Technologies AG | &nbsp;&nbsp;&nbsp;5946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269747 |
| Knorr-Bremse AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35075 |
| LEG Immobilien S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23320 |
| Mercedes-Benz Group AG | &nbsp;&nbsp;&nbsp;3290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202213 |
| Merck KGaA | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76232 |
| MTU Aero Engines AG | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90475 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374504 |
| Nemetschek S.E. | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17966 |
| Rational AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16874 |
| Rheinmetall AG | &nbsp;&nbsp;&nbsp;&nbsp;209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352538 |
| RWE AG | &nbsp;&nbsp;&nbsp;2897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194907 |
| SAP S.E. | &nbsp;&nbsp;&nbsp;4767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;812691 |
| Scout24 S.E.@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25385 |
| Siemens AG | &nbsp;&nbsp;&nbsp;3469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845167 |
| Siemens Energy AG | &nbsp;&nbsp;&nbsp;&nbsp;3512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605643 |
| Siemens Healthineers AG@ | &nbsp;&nbsp;&nbsp;&nbsp;1573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67114 |
| Symrise AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49271 |
| Talanx AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35613 |
| Vonovia S.E. | &nbsp;&nbsp;&nbsp;3459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86518 |
| Zalando S.E.@,\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24211 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8134998 |
| **Hong Kong — 2.1%** | **Hong Kong — 2.1%** | **Hong Kong — 2.1%** |
| AIA Group Ltd. | 47600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528899 |
| BOC Hong Kong Holdings Ltd. | 16000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88272 |
| CK Asset Holdings Ltd. | &nbsp;&nbsp;&nbsp;9034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51691 |
| CK Hutchison Holdings Ltd. | &nbsp;&nbsp;11628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89257 |
| CK Infrastructure Holdings Ltd. | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20048 |
| CLP Holdings Ltd. | &nbsp;&nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65904 |
| Futu Holdings Ltd., ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34190 |
| Galaxy Entertainment Group Ltd. | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40679 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Hong Kong — (continued)** | **Hong Kong — (continued)** | **Hong Kong — (continued)** |
| Henderson Land Development Co., Ltd. | &nbsp;&nbsp;&nbsp;6891 | &nbsp;&nbsp;&nbsp;&nbsp;$25602 |
| HKT Trust & HKT Ltd. | 16240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25378 |
| Hong Kong & China Gas Co., Ltd. | &nbsp;&nbsp;50112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45584 |
| Hong Kong Exchanges & Clearing Ltd. | &nbsp;&nbsp;5484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276657 |
| Hongkong Land Holdings Ltd. | &nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37406 |
| Jardine Matheson Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50318 |
| Link REIT | 10862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50343 |
| MTR Corp. Ltd. | &nbsp;&nbsp;&nbsp;7396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30309 |
| Power Assets Holdings Ltd. | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46812 |
| Prudential PLC | &nbsp;&nbsp;11714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162861 |
| Sino Land Co., Ltd. | &nbsp;&nbsp;17633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25838 |
| SITC International Holdings Co., Ltd. | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26271 |
| Sun Hung Kai Properties Ltd. | &nbsp;&nbsp;&nbsp;6661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110911 |
| Swire Pacific Ltd., Class A | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16395 |
| Techtronic Industries Co., Ltd. | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92962 |
| The Wharf Holdings Ltd. | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11039 |
| WH Group Ltd.@ | 36872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48466 |
| Wharf Real Estate Investment Co., Ltd. | &nbsp;&nbsp;7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20371 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2022463 |
| **Ireland — 0.7%** | **Ireland — 0.7%** | **Ireland — 0.7%** |
| AerCap Holdings N.V. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109744 |
| AIB Group PLC | &nbsp;&nbsp;9304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99321 |
| Bank of Ireland Group PLC | &nbsp;&nbsp;&nbsp;4433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80429 |
| Experian PLC | &nbsp;&nbsp;&nbsp;4190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144951 |
| Kerry Group PLC, Class A | &nbsp;&nbsp;&nbsp;&nbsp;759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60431 |
| Kingspan Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57292 |
| Ryanair Holdings PLC | &nbsp;&nbsp;&nbsp;3872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109004 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661172 |
| **Israel — 1.1%** | **Israel — 1.1%** | **Israel — 1.1%** |
| Azrieli Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23475 |
| Bank Hapoalim BM | &nbsp;&nbsp;&nbsp;5737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134733 |
| Bank Leumi Le-Israel BM | &nbsp;&nbsp;6820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152515 |
| Check Point Software Technologies Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53140 |
| Elbit Systems Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109605 |
| ICL Group Ltd. | &nbsp;&nbsp;&nbsp;3227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16655 |
| Israel Discount Bank Ltd., Class A | &nbsp;&nbsp;&nbsp;5734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57900 |
| Mizrahi Tefahot Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49765 |
| Monday.com Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11749 |
| Nice Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29479 |
| Nova Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61825 |
| Phoenix Financial Ltd. | &nbsp;&nbsp;&nbsp;1085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57933 |
| Teva Pharmaceutical Industries Ltd.\* | &nbsp;&nbsp;4764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142931 |
| Teva Pharmaceutical Industries Ltd., ADR\* | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15060 |
| Tower Semiconductor Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90207 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1006972 |
| **Italy — 3.1%** | **Italy — 3.1%** | **Italy — 3.1%** |
| Banca Mediolanum SpA | &nbsp;&nbsp;&nbsp;&nbsp;987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19998 |
| Banca Monte dei Paschi di Siena SpA | &nbsp;&nbsp;&nbsp;9142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79769 |
| Banco BPM SpA | &nbsp;&nbsp;&nbsp;5014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69747 |
| BPER Banca SpA | &nbsp;&nbsp;&nbsp;6823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89417 |
| Buzzi SpA | &nbsp;&nbsp;&nbsp;&nbsp;385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19465 |
| Davide Campari-Milano N.V. | &nbsp;&nbsp;&nbsp;2775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19827 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Italy — (continued)** | **Italy — (continued)** | **Italy — (continued)** |
| Enel SpA | &nbsp;&nbsp;36911 | &nbsp;&nbsp;&nbsp;$403542 |
| Eni SpA | &nbsp;&nbsp;&nbsp;9350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265856 |
| Ferrari N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195100 |
| FinecoBank Banca Fineco SpA | &nbsp;&nbsp;&nbsp;2856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63542 |
| Generali | &nbsp;&nbsp;&nbsp;3902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156983 |
| Intesa Sanpaolo SpA | &nbsp;&nbsp;63126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381779 |
| Italgas SpA | &nbsp;&nbsp;&nbsp;2761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32163 |
| Leonardo SpA | &nbsp;&nbsp;&nbsp;1866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126924 |
| Moncler SpA | &nbsp;&nbsp;&nbsp;1090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65627 |
| Poste Italiane SpA@ | &nbsp;&nbsp;&nbsp;&nbsp;2159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50820 |
| Prysmian SpA | &nbsp;&nbsp;&nbsp;&nbsp;1293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152692 |
| Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29488 |
| Snam SpA | &nbsp;&nbsp;&nbsp;9461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71671 |
| Telecom Italia SpA\* | 55848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39211 |
| Telecom Italia SpA, RSP\* | &nbsp;&nbsp;27314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22558 |
| Terna - Rete Elettrica Nazionale | &nbsp;&nbsp;&nbsp;5972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68304 |
| UniCredit SpA | &nbsp;&nbsp;&nbsp;6353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455788 |
| Unipol Assicurazioni SpA | &nbsp;&nbsp;&nbsp;&nbsp;1719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39933 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2920204 |
| **Japan — 22.6%** | **Japan — 22.6%** | **Japan — 22.6%** |
| Advantest Corp. | &nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483023 |
| Aeon Co., Ltd. | 10200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121951 |
| AGC, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31885 |
| Aisin Corp. | &nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29585 |
| Ajinomoto Co., Inc. | &nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118739 |
| ANA Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14327 |
| Asahi Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70891 |
| Asahi Kasei Corp. | &nbsp;&nbsp;&nbsp;6100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59685 |
| Asics Corp. | &nbsp;&nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86032 |
| Astellas Pharma, Inc. | &nbsp;&nbsp;&nbsp;8300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135305 |
| Bandai Namco Holdings, Inc. | &nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66610 |
| Bridgestone Corp. | &nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108359 |
| Canon, Inc. | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110989 |
| Capcom Co., Ltd. | &nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35924 |
| Central Japan Railway Co. | &nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93604 |
| Chubu Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52758 |
| Chugai Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170960 |
| Dai Nippon Printing Co., Ltd. | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32796 |
| Daifuku Co., Ltd. | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52964 |
| Daiichi Life Group, Inc. | &nbsp;&nbsp;16100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148474 |
| Daiichi Sankyo Co., Ltd. | &nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146703 |
| Daikin Industries Ltd. | &nbsp;&nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143936 |
| Daito Trust Construction Co., Ltd. | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32808 |
| Daiwa House Industry Co., Ltd. | &nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81570 |
| Daiwa Securities Group, Inc. | &nbsp;&nbsp;&nbsp;6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59695 |
| Denso Corp. | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100305 |
| Disco Corp. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163033 |
| East Japan Railway Co. | &nbsp;&nbsp;4400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100634 |
| Ebara Corp. | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62278 |
| Eisai Co., Ltd. | &nbsp;&nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37568 |
| ENEOS Holdings, Inc. | 12590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113438 |
| FANUC Corp. | &nbsp;&nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149885 |
| Fast Retailing Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355596 |
| Fuji Electric Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42031 |
| FUJIFILM Holdings Corp. | &nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99089 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Japan — (continued)** | **Japan — (continued)** | **Japan — (continued)** |
| Fujikura Ltd. | &nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;$198015 |
| Fujitsu Ltd. | &nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;163605 |
| Hankyu Hanshin Holdings, Inc. | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28915 |
| Hikari Tsushin, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25441 |
| Hitachi Ltd. | 20900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613112 |
| Honda Motor Co., Ltd. | 16900 | &nbsp;&nbsp;&nbsp;&nbsp;136781 |
| Hoya Corp. | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;260041 |
| Hulic Co., Ltd. | &nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26810 |
| Ibiden Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55045 |
| Idemitsu Kosan Co., Ltd. | &nbsp;&nbsp;&nbsp;3280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32201 |
| IHI Corp. | &nbsp;&nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99038 |
| Inpex Corp. | &nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;&nbsp;121276 |
| Isuzu Motors Ltd. | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36002 |
| ITOCHU Corp. | 27000 | &nbsp;&nbsp;&nbsp;&nbsp;343453 |
| Japan Airlines Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8163 |
| Japan Exchange Group, Inc. | &nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54887 |
| Japan Post Bank Co., Ltd. | &nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp;&nbsp;&nbsp;133744 |
| Japan Post Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94681 |
| Japan Post Insurance Co., Ltd. | &nbsp;&nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24205 |
| Japan Tobacco, Inc. | &nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211001 |
| JFE Holdings, Inc. | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32780 |
| JX Advanced Metals Corp. | &nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59842 |
| Kajima Corp. | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76297 |
| Kao Corp. | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85641 |
| Kawasaki Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65825 |
| Kawasaki Kisen Kaisha Ltd. | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23647 |
| KDDI Corp. | &nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp;&nbsp;228158 |
| Keyence Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;327435 |
| Kikkoman Corp. | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27236 |
| Kioxia Holdings Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;117540 |
| Kirin Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58853 |
| Komatsu Ltd. | &nbsp;&nbsp;&nbsp;4400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175211 |
| Konami Group Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61614 |
| Kubota Corp. | &nbsp;&nbsp;&nbsp;4300 | &nbsp;&nbsp;&nbsp;&nbsp;68908 |
| Kyocera Corp. | &nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92001 |
| Kyowa Kirin Co., Ltd. | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16366 |
| Lasertec Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89029 |
| LY Corp. | &nbsp;&nbsp;12300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29657 |
| M3, Inc.\* | &nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19502 |
| Makita Corp. | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32866 |
| Marubeni Corp. | &nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;&nbsp;234124 |
| MatsukiyoCocokara & Co. | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22283 |
| MINEBEA MITSUMI, Inc. | &nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26568 |
| Mitsubishi Chemical Group Corp. | &nbsp;&nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32738 |
| Mitsubishi Corp. | 14600 | &nbsp;&nbsp;&nbsp;&nbsp;500867 |
| Mitsubishi Electric Corp. | &nbsp;&nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;&nbsp;284552 |
| Mitsubishi Estate Co., Ltd. | &nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;136007 |
| Mitsubishi HC Capital, Inc. | &nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34995 |
| Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp;14500 | &nbsp;&nbsp;&nbsp;&nbsp;398412 |
| Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp;51500 | &nbsp;&nbsp;&nbsp;&nbsp;872098 |
| Mitsui & Co., Ltd. | &nbsp;&nbsp;11200 | &nbsp;&nbsp;&nbsp;&nbsp;432910 |
| Mitsui Fudosan Co., Ltd. | &nbsp;&nbsp;12100 | &nbsp;&nbsp;&nbsp;&nbsp;128991 |
| Mitsui OSK Lines Ltd. | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62341 |
| Mizuho Financial Group, Inc. | &nbsp;&nbsp;11308 | &nbsp;&nbsp;&nbsp;&nbsp;457790 |
| MonotaRO Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11924 |
| MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp;&nbsp;5870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153181 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Japan — (continued)** | **Japan — (continued)** | **Japan — (continued)** |
| Murata Manufacturing Co., Ltd. | &nbsp;&nbsp;&nbsp;7600 | &nbsp;&nbsp;$170523 |
| NEC Corp. | &nbsp;&nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;&nbsp;146810 |
| Nexon Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33906 |
| NIDEC Corp.\* | &nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45714 |
| Nintendo Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5019 | &nbsp;&nbsp;&nbsp;&nbsp;286513 |
| Nippon Building Fund, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28549 |
| Nippon Paint Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26336 |
| Nippon Sanso Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28367 |
| Nippon Steel Corp. | &nbsp;&nbsp;22485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82914 |
| Nippon Yusen K.K. | &nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66123 |
| Nissan Motor Co., Ltd.\* | &nbsp;&nbsp;10900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23624 |
| Nitori Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30186 |
| Nitto Denko Corp. | &nbsp;&nbsp;&nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64014 |
| Nomura Holdings, Inc. | &nbsp;&nbsp;13800 | &nbsp;&nbsp;&nbsp;&nbsp;108662 |
| Nomura Research Institute Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44609 |
| NTT, Inc. | 137100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137164 |
| Obayashi Corp. | &nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67817 |
| Obic Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33155 |
| Olympus Corp. | &nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47637 |
| Oracle Corp. Japan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10847 |
| Oriental Land Co., Ltd. | &nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79993 |
| ORIX Corp. | &nbsp;&nbsp;&nbsp;5300 | &nbsp;&nbsp;&nbsp;&nbsp;157258 |
| Osaka Gas Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68858 |
| Otsuka Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19145 |
| Otsuka Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;141942 |
| Pan Pacific International Holdings Corp. | &nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48802 |
| Panasonic Holdings Corp. | &nbsp;&nbsp;10700 | &nbsp;&nbsp;&nbsp;&nbsp;179454 |
| Rakuten Group, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33657 |
| Recruit Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp;&nbsp;278848 |
| Renesas Electronics Corp. | &nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117237 |
| Resona Holdings, Inc. | &nbsp;&nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;&nbsp;109514 |
| Ryohin Keikaku Co., Ltd. | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46947 |
| Sanrio Co., Ltd. | &nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24869 |
| SBI Holdings, Inc. | &nbsp;&nbsp;&nbsp;2420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44810 |
| SCREEN Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47661 |
| Secom Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72373 |
| Seibu Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27939 |
| Sekisui Chemical Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26862 |
| Sekisui House Ltd. | &nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58258 |
| Seven & i Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;9600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129117 |
| Shimadzu Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23763 |
| Shimano, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41761 |
| Shimizu Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41265 |
| Shin-Etsu Chemical Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp;&nbsp;313535 |
| Shionogi & Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72999 |
| Shiseido Co., Ltd. | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40861 |
| SMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97538 |
| SoftBank Corp. | 131200 | &nbsp;&nbsp;&nbsp;&nbsp;175562 |
| SoftBank Group Corp. | &nbsp;&nbsp;16800 | &nbsp;&nbsp;&nbsp;&nbsp;409076 |
| Sompo Holdings, Inc. | &nbsp;&nbsp;&nbsp;4075 | &nbsp;&nbsp;&nbsp;&nbsp;158633 |
| Sony Financial Group, Inc. | 26200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24001 |
| Sony Group Corp. | &nbsp;&nbsp;28100 | &nbsp;&nbsp;&nbsp;&nbsp;585681 |
| Subaru Corp. | &nbsp;&nbsp;&nbsp;2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41890 |
| Sumitomo Corp. | &nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;187095 |
| Sumitomo Electric Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;187506 |
| Sumitomo Metal Mining Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64024 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Japan — (continued)** | **Japan — (continued)** | **Japan — (continued)** |
| Sumitomo Mitsui Financial Group, Inc. | 16600 | &nbsp;&nbsp;&nbsp;&nbsp;$545813 |
| Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp;&nbsp;2786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88753 |
| Sumitomo Realty & Development Co., Ltd. | &nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79452 |
| Suntory Beverage & Food Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16944 |
| Suzuki Motor Corp. | &nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87759 |
| Sysmex Corp. | &nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20058 |
| T&D Holdings, Inc. | &nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53791 |
| Taisei Corp. | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72521 |
| Takeda Pharmaceutical Co., Ltd. | &nbsp;&nbsp;&nbsp;7295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268660 |
| TDK Corp. | &nbsp;&nbsp;8900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115613 |
| Terumo Corp. | &nbsp;&nbsp;&nbsp;5700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76578 |
| The Chiba Bank Ltd. | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32361 |
| The Kansai Electric Power Co., Inc. | &nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68167 |
| TIS, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19243 |
| Toho Co., Ltd. | &nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26259 |
| Tokio Marine Holdings, Inc. | &nbsp;&nbsp;8300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389610 |
| Tokyo Electron Ltd. | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496902 |
| Tokyo Gas Co., Ltd. | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65935 |
| Tokyu Corp. | &nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27149 |
| TOPPAN Holdings, Inc. | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26375 |
| Toray Industries, Inc. | &nbsp;&nbsp;6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44873 |
| Toyota Industries Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103456 |
| Toyota Motor Corp. | 43240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898845 |
| Toyota Tsusho Corp. | &nbsp;&nbsp;&nbsp;3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124022 |
| Tsuruha Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17193 |
| Unicharm Corp. | &nbsp;&nbsp;&nbsp;5100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29902 |
| West Japan Railway Co. | &nbsp;&nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37448 |
| Yamaha Motor Co., Ltd. | &nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29620 |
| Yokogawa Electric Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33994 |
| Yokohama Financial Group, Inc. | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40168 |
| Zensho Holdings Co., Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23353 |
| ZOZO, Inc. | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;21493661 |
| **Luxembourg — 0.2%** | **Luxembourg — 0.2%** | **Luxembourg — 0.2%** |
| ArcelorMittal S.A. | &nbsp;&nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104760 |
| CVC Capital Partners PLC@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11972 |
| Eurofins Scientific S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40352 |
| Tenaris S.A. | &nbsp;&nbsp;&nbsp;1809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52881 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209965 |
| **Macao — 0.0%** | **Macao — 0.0%** | **Macao — 0.0%** |
| Sands China Ltd. | &nbsp;&nbsp;11200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23871 |
| **Mexico — 0.1%** | **Mexico — 0.1%** | **Mexico — 0.1%** |
| Fresnillo PLC | &nbsp;&nbsp;&nbsp;1059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46941 |
| **Netherlands — 5.3%** | **Netherlands — 5.3%** | **Netherlands — 5.3%** |
| ABN AMRO Bank N.V. | &nbsp;&nbsp;&nbsp;2697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85497 |
| Adyen N.V.@,\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115098 |
| Aegon Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;5731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41912 |
| Akzo Nobel N.V. | &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45701 |
| Argenx S.E.\* | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203207 |
| ASM International N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162960 |
| ASML Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;1771 | &nbsp;&nbsp;&nbsp;&nbsp;2354999 |
| ASR Nederland N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51016 |
| BE Semiconductor Industries N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73897 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Netherlands — (continued)** | **Netherlands — (continued)** | **Netherlands — (continued)** |
| Euronext N.V.@ | &nbsp;&nbsp;&nbsp;&nbsp;347 | &nbsp;&nbsp;&nbsp;&nbsp;$55722 |
| EXOR N.V. | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34446 |
| Ferrovial S.E. | &nbsp;&nbsp;&nbsp;2351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152948 |
| Heineken Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43910 |
| Heineken N.V. | &nbsp;&nbsp;&nbsp;1324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101840 |
| ING Groep N.V. | &nbsp;&nbsp;13233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343485 |
| JDE Peet's N.V. | &nbsp;&nbsp;&nbsp;&nbsp;692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25572 |
| Koninklijke Ahold Delhaize N.V. | &nbsp;&nbsp;&nbsp;4102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191027 |
| Koninklijke KPN N.V. | 18067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100699 |
| Koninklijke Philips N.V. | &nbsp;&nbsp;&nbsp;3491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95487 |
| Nebius Group N.V., Class A\* | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103760 |
| NN Group N.V. | &nbsp;&nbsp;&nbsp;&nbsp;1172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91528 |
| Prosus N.V.\* | &nbsp;&nbsp;5939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274949 |
| QIAGEN N.V. | &nbsp;&nbsp;&nbsp;&nbsp;977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39578 |
| Randstad N.V. | &nbsp;&nbsp;&nbsp;&nbsp;473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12345 |
| Stellantis N.V. | &nbsp;&nbsp;&nbsp;4149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29931 |
| Stellantis N.V. | &nbsp;&nbsp;4370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31585 |
| The Magnum Ice Cream Co. N.V.\* | &nbsp;&nbsp;&nbsp;1083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15910 |
| The Magnum Ice Cream Co. N.V.\* | &nbsp;&nbsp;&nbsp;&nbsp;973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14279 |
| Universal Music Group N.V. | &nbsp;&nbsp;5064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98296 |
| Wolters Kluwer N.V. | &nbsp;&nbsp;&nbsp;1070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79916 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5071500 |
| **New Zealand — 0.2%** | **New Zealand — 0.2%** | **New Zealand — 0.2%** |
| Auckland International Airport Ltd. | &nbsp;&nbsp;&nbsp;8222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37659 |
| Contact Energy Ltd. | &nbsp;&nbsp;4304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22877 |
| Fisher & Paykel Healthcare Corp. Ltd. | &nbsp;&nbsp;&nbsp;2472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53601 |
| Infratil Ltd. | &nbsp;&nbsp;&nbsp;4146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27956 |
| Meridian Energy Ltd. | &nbsp;&nbsp;5266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16856 |
| Xero Ltd.\* | &nbsp;&nbsp;&nbsp;&nbsp;777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41064 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200013 |
| **Norway — 0.8%** | **Norway — 0.8%** | **Norway — 0.8%** |
| Aker BP ASA | &nbsp;&nbsp;&nbsp;1522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56267 |
| DNB Bank ASA | &nbsp;&nbsp;4075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127501 |
| Equinor ASA | &nbsp;&nbsp;3566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151927 |
| Gjensidige Forsikring ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22261 |
| Kongsberg Gruppen ASA | &nbsp;&nbsp;2080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88664 |
| Mowi ASA | &nbsp;&nbsp;&nbsp;2201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50059 |
| Norsk Hydro ASA | &nbsp;&nbsp;&nbsp;6136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65400 |
| Orkla ASA | &nbsp;&nbsp;&nbsp;&nbsp;3112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39163 |
| Salmar ASA | &nbsp;&nbsp;&nbsp;&nbsp;344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20072 |
| Telenor ASA | &nbsp;&nbsp;2863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50354 |
| Yara International ASA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41503 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713171 |
| **Poland — 0.0%** | **Poland — 0.0%** | **Poland — 0.0%** |
| InPost S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;1317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23316 |
| **Portugal — 0.2%** | **Portugal — 0.2%** | **Portugal — 0.2%** |
| Banco Comercial Portugues S.A., Class R | 33071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32210 |
| EDP S.A. | &nbsp;&nbsp;13321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70491 |
| Galp Energia SGPS S.A. | &nbsp;&nbsp;&nbsp;1785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42800 |
| Jeronimo Martins SGPS S.A. | &nbsp;&nbsp;&nbsp;1244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29746 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175247 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Singapore — 1.6%** | **Singapore — 1.6%** | **Singapore — 1.6%** |
| CapitaLand Ascendas REIT | &nbsp;&nbsp;17290 | &nbsp;&nbsp;&nbsp;&nbsp;$33369 |
| CapitaLand Integrated Commercial Trust | 26406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47353 |
| CapitaLand Investment Ltd. | &nbsp;&nbsp;10407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22152 |
| DBS Group Holdings Ltd. | &nbsp;&nbsp;&nbsp;9632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428625 |
| Grab Holdings Ltd., Class A\* | &nbsp;&nbsp;&nbsp;11100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40626 |
| Keppel Ltd. | &nbsp;&nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59880 |
| Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp;15391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263613 |
| Sea Ltd., ADR\* | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149058 |
| Sembcorp Industries Ltd. | &nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19215 |
| Singapore Airlines Ltd. | &nbsp;&nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35581 |
| Singapore Exchange Ltd. | &nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56444 |
| Singapore Technologies Engineering Ltd. | &nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61108 |
| Singapore Telecommunications Ltd. | 34200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131406 |
| United Overseas Bank Ltd. | &nbsp;&nbsp;&nbsp;5737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164226 |
| Wilmar International Ltd. | &nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24035 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1536691 |
| **Spain — 3.6%** | **Spain — 3.6%** | **Spain — 3.6%** |
| Acciona S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27348 |
| ACS Actividades de Construccion y Servicios S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95735 |
| Aena SME S.A.@ | &nbsp;&nbsp;&nbsp;3280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96751 |
| Amadeus IT Group S.A. | &nbsp;&nbsp;&nbsp;2064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118021 |
| Banco Bilbao Vizcaya Argentaria S.A. | 26099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563727 |
| Banco de Sabadell S.A. | &nbsp;&nbsp;23180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83038 |
| Banco Santander S.A. | 67348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755019 |
| Bankinter S.A. | &nbsp;&nbsp;&nbsp;2974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47100 |
| CaixaBank S.A. | &nbsp;&nbsp;17773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213057 |
| Cellnex Telecom S.A.@ | &nbsp;&nbsp;&nbsp;&nbsp;2182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70162 |
| EDP Renovaveis S.A. | &nbsp;&nbsp;&nbsp;&nbsp;1399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22423 |
| Endesa S.A. | &nbsp;&nbsp;&nbsp;&nbsp;1359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56674 |
| Grifols S.A. | &nbsp;&nbsp;&nbsp;&nbsp;1135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11874 |
| Iberdrola S.A. | 29385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672745 |
| Indra Sistemas S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20121 |
| Industria de Diseno Textil S.A. | &nbsp;&nbsp;&nbsp;4957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288541 |
| Mapfre S.A. | &nbsp;&nbsp;&nbsp;4641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20683 |
| Naturgy Energy Group S.A. | &nbsp;&nbsp;&nbsp;&nbsp;1173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35116 |
| Redeia Corp. S.A. | &nbsp;&nbsp;&nbsp;&nbsp;1818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30816 |
| Repsol S.A. | &nbsp;&nbsp;&nbsp;4919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138462 |
| Telefonica S.A. | &nbsp;&nbsp;17190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75215 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3442628 |
| **Sweden — 3.5%** | **Sweden — 3.5%** | **Sweden — 3.5%** |
| AddTech AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;1238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42482 |
| Alfa Laval AB | &nbsp;&nbsp;&nbsp;&nbsp;1254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68594 |
| Assa Abloy AB, Class B | &nbsp;&nbsp;&nbsp;4581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165594 |
| Atlas Copco AB, Class A | &nbsp;&nbsp;12246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216103 |
| Atlas Copco AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;7173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112130 |
| Beijer Ref AB | &nbsp;&nbsp;&nbsp;&nbsp;1983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27491 |
| Boliden AB\* | &nbsp;&nbsp;&nbsp;&nbsp;1270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66576 |
| Epiroc AB, Class A | &nbsp;&nbsp;&nbsp;2862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70453 |
| Epiroc AB, Class B | &nbsp;&nbsp;&nbsp;1799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38537 |
| EQT AB | &nbsp;&nbsp;&nbsp;&nbsp;2291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71085 |
| Essity AB, Class B | &nbsp;&nbsp;&nbsp;2667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68736 |
| Evolution AB@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39846 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Sweden — (continued)** | **Sweden — (continued)** | **Sweden — (continued)** |
| Fastighets AB Balder, Class B\* | &nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp;&nbsp;$16984 |
| H & M Hennes & Mauritz AB, Class B | &nbsp;&nbsp;&nbsp;2293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42899 |
| Hexagon AB, Class B | &nbsp;&nbsp;9558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93020 |
| Holmen AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12443 |
| Industrivarden AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25551 |
| Industrivarden AB, Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33756 |
| Indutrade AB | &nbsp;&nbsp;&nbsp;&nbsp;1163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26666 |
| Investment AB Latour, Class B | &nbsp;&nbsp;&nbsp;&nbsp;649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13991 |
| Investor AB, Class B | &nbsp;&nbsp;&nbsp;8285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313792 |
| L E Lundbergforetagen AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19103 |
| Lifco AB, Class B | &nbsp;&nbsp;&nbsp;1067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32279 |
| Nibe Industrier AB, Class B | &nbsp;&nbsp;&nbsp;6781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28334 |
| Saab AB, Class B | &nbsp;&nbsp;&nbsp;1489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97455 |
| Sagax AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16958 |
| Sandvik AB | &nbsp;&nbsp;&nbsp;4831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185713 |
| Securitas AB, Class B | &nbsp;&nbsp;&nbsp;2142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35874 |
| Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp;&nbsp;6941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128262 |
| Skanska AB, Class B | &nbsp;&nbsp;&nbsp;1493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40384 |
| SKF AB, Class B | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36159 |
| Spotify Technology S.A.\* | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353984 |
| Svenska Cellulosa AB SCA, Class B | &nbsp;&nbsp;&nbsp;2922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33879 |
| Svenska Handelsbanken AB, Class A | &nbsp;&nbsp;6368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83954 |
| Swedbank AB, Class A | &nbsp;&nbsp;3899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132892 |
| Swedish Orphan Biovitrum AB\* | &nbsp;&nbsp;&nbsp;&nbsp;878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36797 |
| Tele2 AB, Class B | &nbsp;&nbsp;&nbsp;2545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52675 |
| Telefonaktiebolaget LM Ericsson, Class B | &nbsp;&nbsp;12851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146505 |
| Telia Co., AB | 10628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54450 |
| Trelleborg AB, Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35193 |
| Volvo AB, Class A | &nbsp;&nbsp;&nbsp;&nbsp;239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7828 |
| Volvo AB, Class B | &nbsp;&nbsp;&nbsp;7001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230188 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3355595 |
| **Switzerland — 9.8%** | **Switzerland — 9.8%** | **Switzerland — 9.8%** |
| ABB Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577368 |
| Alcon AG | &nbsp;&nbsp;&nbsp;2283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172573 |
| Avolta AG\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23563 |
| Banque Cantonale Vaudoise | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21144 |
| Barry Callebaut AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31655 |
| Belimo Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38171 |
| BKW AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16167 |
| Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143132 |
| Cie Financiere Richemont S.A., Class A | &nbsp;&nbsp;&nbsp;2436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430115 |
| Coca-Cola HBC AG\* | &nbsp;&nbsp;&nbsp;&nbsp;1031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58075 |
| DSM-Firmenich AG | &nbsp;&nbsp;&nbsp;&nbsp;809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57863 |
| EMS-Chemie Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22802 |
| Galderma Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146811 |
| Geberit AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105305 |
| Givaudan S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142023 |
| Glencore PLC\* | 45797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346861 |
| Helvetia Baloise Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89807 |
| Holcim AG\* | &nbsp;&nbsp;&nbsp;2326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192272 |
| Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65904 |
| Kuehne + Nagel International AG | &nbsp;&nbsp;&nbsp;&nbsp;229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52442 |
| Logitech International S.A. | &nbsp;&nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61291 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Switzerland — (continued)** | **Switzerland — (continued)** | **Switzerland — (continued)** |
| Lonza Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;$205286 |
| Nestle S.A. | &nbsp;&nbsp;11759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1153453 |
| Novartis AG | &nbsp;&nbsp;&nbsp;8676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1331718 |
| Partners Group Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112095 |
| Roche Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62154 |
| Roche Holding AG | &nbsp;&nbsp;&nbsp;3206 | &nbsp;&nbsp;&nbsp;&nbsp;1279485 |
| Sandoz Group AG | &nbsp;&nbsp;&nbsp;&nbsp;1917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150199 |
| Schindler Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33070 |
| Schindler Holding AG, Participation Certificates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56985 |
| SGS S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80833 |
| Sika AG | &nbsp;&nbsp;&nbsp;&nbsp;699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115697 |
| Sonova Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50391 |
| STMicroelectronics N.V. | &nbsp;&nbsp;&nbsp;&nbsp;3118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106101 |
| Straumann Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50742 |
| Swiss Life Holding AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142687 |
| Swiss Prime Site AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58076 |
| Swiss Re AG | &nbsp;&nbsp;&nbsp;&nbsp;1362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228785 |
| Swisscom AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99860 |
| The Swatch Group AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28258 |
| UBS Group AG | &nbsp;&nbsp;14374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560491 |
| VAT Group AG@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77980 |
| Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp;&nbsp;686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484878 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9264568 |
| **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** | **United Arab Emirates — 0.0%** |
| NMC Health PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| **United Kingdom — 13.9%** | **United Kingdom — 13.9%** | **United Kingdom — 13.9%** |
| 3i Group PLC | &nbsp;&nbsp;&nbsp;4535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147800 |
| Admiral Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;1231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51487 |
| Airtel Africa PLC, 144A@ | &nbsp;&nbsp;&nbsp;&nbsp;4133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19059 |
| Anglo American PLC | &nbsp;&nbsp;&nbsp;5109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219358 |
| Associated British Foods PLC | &nbsp;&nbsp;&nbsp;&nbsp;1401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35070 |
| AstraZeneca PLC | &nbsp;&nbsp;&nbsp;7078 | &nbsp;&nbsp;&nbsp;&nbsp;1384032 |
| Autotrader Group PLC@ | &nbsp;&nbsp;&nbsp;3774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23622 |
| Aviva PLC | 14048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112741 |
| BAE Systems PLC | &nbsp;&nbsp;13657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400403 |
| Barclays PLC | 63366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331625 |
| Barratt Redrow PLC | &nbsp;&nbsp;&nbsp;&nbsp;5811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20211 |
| BP PLC | &nbsp;&nbsp;71367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558575 |
| British American Tobacco PLC | &nbsp;&nbsp;&nbsp;9902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574898 |
| BT Group PLC | 26357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73867 |
| Bunzl PLC | &nbsp;&nbsp;&nbsp;&nbsp;1435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43201 |
| Centrica PLC | 22348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63277 |
| Coca-Cola Europacific Partners PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85716 |
| Compass Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;7731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215702 |
| Diageo PLC | &nbsp;&nbsp;10147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188706 |
| Endeavour Mining PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55430 |
| Entain PLC | &nbsp;&nbsp;&nbsp;2980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22387 |
| GSK PLC | &nbsp;&nbsp;18430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;507663 |
| Haleon PLC | 40642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201137 |
| Halma PLC | &nbsp;&nbsp;&nbsp;1768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90222 |
| HSBC Holdings PLC | 78380 | &nbsp;&nbsp;&nbsp;&nbsp;1287203 |
| Imperial Brands PLC | &nbsp;&nbsp;&nbsp;3506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142161 |
| Informa PLC | &nbsp;&nbsp;&nbsp;6057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60835 |
| InterContinental Hotels Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84268 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **United Kingdom — (continued)** | **United Kingdom — (continued)** | **United Kingdom — (continued)** |
| International Consolidated Airlines Group S.A. | &nbsp;&nbsp;&nbsp;&nbsp;5483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26024 |
| Intertek Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32504 |
| J. Sainsbury PLC | &nbsp;&nbsp;&nbsp;&nbsp;8298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37233 |
| JD Sports Fashion PLC | &nbsp;&nbsp;&nbsp;12768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12110 |
| Kingfisher PLC | &nbsp;&nbsp;&nbsp;&nbsp;8065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30666 |
| Land Securities Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;3488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25728 |
| Legal & General Group PLC | &nbsp;&nbsp;&nbsp;25239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82944 |
| Lloyds Banking Group PLC | 268874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333252 |
| London Stock Exchange Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;2128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251291 |
| M&G PLC | &nbsp;&nbsp;&nbsp;10956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39797 |
| Marks & Spencer Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;9274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41786 |
| Melrose Industries PLC | &nbsp;&nbsp;&nbsp;&nbsp;5485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37167 |
| National Grid PLC | &nbsp;&nbsp;&nbsp;22836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385474 |
| NatWest Group PLC | &nbsp;&nbsp;&nbsp;36520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270538 |
| Next PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91063 |
| Pearson PLC | &nbsp;&nbsp;&nbsp;&nbsp;2427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31997 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;2951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198426 |
| RELX PLC | &nbsp;&nbsp;&nbsp;&nbsp;5252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172068 |
| RELX PLC | &nbsp;&nbsp;&nbsp;&nbsp;3037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101143 |
| Rentokil Initial PLC | &nbsp;&nbsp;&nbsp;&nbsp;11821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73360 |
| Rio Tinto PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475187 |
| Rolls-Royce Holdings PLC | &nbsp;&nbsp;&nbsp;&nbsp;38122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579166 |
| Schroders PLC | &nbsp;&nbsp;&nbsp;&nbsp;3435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26448 |
| Segro PLC | &nbsp;&nbsp;&nbsp;&nbsp;5560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47663 |
| Severn Trent PLC | &nbsp;&nbsp;&nbsp;&nbsp;1289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52867 |
| Shell PLC | &nbsp;&nbsp;&nbsp;26016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1204932 |
| Smith & Nephew PLC | &nbsp;&nbsp;&nbsp;&nbsp;3785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59970 |
| Smiths Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;1404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42845 |
| Spirax Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32118 |
| SSE PLC | &nbsp;&nbsp;&nbsp;&nbsp;5569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192513 |
| Standard Chartered PLC | &nbsp;&nbsp;&nbsp;&nbsp;8876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184975 |
| Standard Life PLC | &nbsp;&nbsp;&nbsp;&nbsp;2925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26490 |
| Tesco PLC | &nbsp;&nbsp;&nbsp;29714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186753 |
| The Sage Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50548 |
| Unilever PLC | &nbsp;&nbsp;&nbsp;&nbsp;5146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282512 |
| Unilever PLC | &nbsp;&nbsp;&nbsp;&nbsp;4813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271740 |
| United Utilities Group PLC | &nbsp;&nbsp;&nbsp;&nbsp;3227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56266 |
| Verisure PLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12156 |
| Vodafone Group PLC | &nbsp;&nbsp;&nbsp;88505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133497 |
| Whitbread PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21983 |
| Wise PLC, Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;2843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34236 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13250092 |
| **United States — 0.1%** | **United States — 0.1%** | **United States — 0.1%** |
| Sunbelt Rentals Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123819 |
| **TOTAL COMMON STOCKS<br> (Cost $54,228,565)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**92944969** |
| **PREFERRED STOCKS — 0.2%** | **PREFERRED STOCKS — 0.2%** | **PREFERRED STOCKS — 0.2%** |
| **Germany — 0.2%** | **Germany — 0.2%** | **Germany — 0.2%** |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24854 |
| Dr. Ing. h.c. F. Porsche AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24463 |
| Henkel AG & Co., KGaA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58091 |
| Porsche Automobil Holding S.E. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26035 |
| Sartorius AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30777 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **PREFERRED STOCKS — (continued)** | **PREFERRED STOCKS — (continued)** | **PREFERRED STOCKS — (continued)** |
| **Germany — (continued)** | **Germany — (continued)** | **Germany — (continued)** |
| Volkswagen AG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$97075 |
| **TOTAL PREFERRED STOCKS<br> (Cost $342,252)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**261295** |
| **RIGHTS — 0.0%** | **RIGHTS — 0.0%** | **RIGHTS — 0.0%** |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Telecom Italia SpA\* | &nbsp;&nbsp;&nbsp;83162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| **Singapore — 0.0%** | **Singapore — 0.0%** | **Singapore — 0.0%** |
| CapitaLand Ascendas REIT\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| **TOTAL RIGHTS<br> (Cost $0)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**50** |
| **SHORT-TERM INVESTMENTS — 1.0%** | **SHORT-TERM INVESTMENTS — 1.0%** | **SHORT-TERM INVESTMENTS — 1.0%** |
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 3.546%)<br> **(Cost $922,261)** | 922261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**922261** |
| **TOTAL INVESTMENTS — 99.0%<br> (Cost $55,493,078)** |  | &nbsp;&nbsp;**$94128575** |
| **Other Assets & Liabilities — 1.0%** | **Other Assets & Liabilities — 1.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**921055** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$95049630** |

---

------

---

| | |
|:---|:---|
| † | See Security Valuation Note in the most recent semi-annual or annual report. |
| \* | Non-income producing security. |
| @ | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2026, the aggregate value of Rule 144A securities was $898,321, which represents 0.9% of the Fund's net assets. |

---

---

| |
|:---|
| A/S— Aktieselskab. |
| AB— Aktiebolag. |
| ADR— American Depositary Receipt. |
| AG— Aktiengesellschaft. |
| ASA— Allmennaksjeselskap. |
| K.K.— Kabushiki Kaisha |
| KGaA— Kommanditgesellschaft auf Aktien. |
| MSCI— Morgan Stanley Capital International. |
| N.V.— Naamloze Vennootschap. |
| OYJ— Julkinen Osakeyhtiö. |
| PLC— Public Limited Company. |
| REIT— Real Estate Investment Trust. |
| S.A.— Societe Anonyme. |
| S.E.— Societas Europaea. |
| SpA— Società per Azioni. |

---

---

| | |
|:---|:---|
| **Country Weightings as of 3/31/2026††** | **Country Weightings as of 3/31/2026††** |
| Japan | &nbsp;&nbsp;&nbsp;23% |
| United Kingdom | &nbsp;&nbsp;&nbsp;14 |
| Switzerland | &nbsp;&nbsp;&nbsp;10 |
| France | &nbsp;&nbsp;&nbsp;10 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;9 |
| Australia | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| Other | &nbsp;&nbsp;&nbsp;22 |
| Total | 100% |

---

---

| | |
|:---|:---|
| †† | % of total investments as of March 31, 2026. |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS<br> INDUSTRY DIVERSIFICATION** | **% of Market<br> Value** | **Value†** |
| Advertising | &nbsp;&nbsp;&nbsp;&nbsp;0.1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$82273 |
| Aerospace & Defense | &nbsp;&nbsp;&nbsp;&nbsp;3.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3272541 |
| Agriculture | &nbsp;&nbsp;&nbsp;&nbsp;1.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952095 |
| Airlines | &nbsp;&nbsp;&nbsp;&nbsp;0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237464 |
| Apparel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1207667 |
| Auto Manufacturers | &nbsp;&nbsp;&nbsp;&nbsp;2.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2176717 |
| Auto Parts & Equipment | &nbsp;&nbsp;&nbsp;&nbsp;0.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670461 |
| Banks | &nbsp;&nbsp;&nbsp;15.9 | &nbsp;&nbsp;&nbsp;&nbsp;14776648 |
| Beverages | &nbsp;&nbsp;&nbsp;&nbsp;1.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098494 |
| Biotechnology | &nbsp;&nbsp;&nbsp;&nbsp;0.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553318 |
| Building Materials | &nbsp;&nbsp;&nbsp;&nbsp;1.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1360615 |
| Chemicals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1906418 |
| Commercial Services | &nbsp;&nbsp;&nbsp;&nbsp;1.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734411 |
| Computers | &nbsp;&nbsp;&nbsp;&nbsp;0.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625537 |
| Cosmetics & Personal Care | &nbsp;&nbsp;&nbsp;&nbsp;1.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1463898 |
| Distribution & Wholesale | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1988202 |
| Diversified Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;1.8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1646646 |
| Electric | &nbsp;&nbsp;&nbsp;&nbsp;3.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3140123 |
| Electrical Components & Equipment | &nbsp;&nbsp;&nbsp;&nbsp;1.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796116 |
| Electronics | &nbsp;&nbsp;&nbsp;&nbsp;1.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1081025 |
| Energy-Alternate Sources | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140023 |
| Engineering & Construction | &nbsp;&nbsp;&nbsp;&nbsp;1.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1352853 |
| Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402014 |
| Food | &nbsp;&nbsp;&nbsp;&nbsp;3.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3034555 |
| Food Service | &nbsp;&nbsp;&nbsp;&nbsp;0.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21046 |
| Forest Products & Paper | &nbsp;&nbsp;&nbsp;&nbsp;0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85152 |
| Gas | &nbsp;&nbsp;&nbsp;&nbsp;0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335884 |
| Hand & Machine Tools | &nbsp;&nbsp;&nbsp;&nbsp;0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303628 |
| Healthcare Products | &nbsp;&nbsp;&nbsp;&nbsp;1.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1294055 |
| Healthcare Services | &nbsp;&nbsp;&nbsp;&nbsp;0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442108 |
| Holding Companies | &nbsp;&nbsp;&nbsp;&nbsp;0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50318 |
| Home Builders | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186901 |
| Home Furnishings | &nbsp;&nbsp;&nbsp;&nbsp;0.8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782009 |
| Household Products & Wares | &nbsp;&nbsp;&nbsp;&nbsp;0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232186 |
| Insurance | &nbsp;&nbsp;&nbsp;&nbsp;5.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5506166 |
| Internet | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017354 |
| Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;0.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564695 |
| Iron & Steel | &nbsp;&nbsp;&nbsp;&nbsp;0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332227 |
| Leisure Time | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189402 |
| Lodging | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213153 |
| Machinery — Construction & Mining | &nbsp;&nbsp;&nbsp;&nbsp;2.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2141325 |
| Machinery — Diversified | &nbsp;&nbsp;&nbsp;&nbsp;1.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1471240 |
| Media | &nbsp;&nbsp;&nbsp;&nbsp;0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92832 |
| Metal Fabricate/Hardware | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167020 |
| Mining | &nbsp;&nbsp;&nbsp;&nbsp;3.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2813780 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Developed International Index Fund<br>

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS<br> INDUSTRY DIVERSIFICATION** | **% of Market<br> Value** | **Value†** |
| Miscellaneous Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;1.2% | &nbsp;&nbsp;&nbsp;$1100584 |
| Office & Business Equipment | &nbsp;&nbsp;&nbsp;&nbsp;0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110989 |
| Oil & Gas | &nbsp;&nbsp;&nbsp;&nbsp;4.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3931812 |
| Packaging and Containers | &nbsp;&nbsp;&nbsp;&nbsp;0.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28594 |
| Pharmaceuticals | &nbsp;&nbsp;&nbsp;&nbsp;8.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7639253 |
| Pipelines | &nbsp;&nbsp;&nbsp;&nbsp;0.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40278 |
| Private Equity | &nbsp;&nbsp;&nbsp;&nbsp;0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365104 |
| Real Estate | &nbsp;&nbsp;&nbsp;&nbsp;1.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953303 |
| Real Estate Investment Trusts | &nbsp;&nbsp;&nbsp;&nbsp;0.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642998 |
| Retail | &nbsp;&nbsp;&nbsp;&nbsp;2.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2060170 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS<br> INDUSTRY DIVERSIFICATION** | **% of Market<br> Value** | **Value†** |
| Semiconductors | &nbsp;&nbsp;&nbsp;&nbsp;4.9% | &nbsp;&nbsp;$4586500 |
| Shipbuilding | &nbsp;&nbsp;&nbsp;&nbsp;0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121932 |
| Software | &nbsp;&nbsp;&nbsp;&nbsp;1.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1335287 |
| Telecommunications | &nbsp;&nbsp;&nbsp;&nbsp;3.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3065423 |
| Toys, Games & Hobbies | &nbsp;&nbsp;&nbsp;&nbsp;0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377992 |
| Transportation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1206452 |
| Unknown SOI_Bloomberg Group | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215702 |
| Water | &nbsp;&nbsp;&nbsp;&nbsp;0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220001 |
|  | 100.0% | $92944969 |

---

Open forward foreign currency contracts held at March 31, 2026 are as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** |
|  | **Currency** | **Counterparty** | **Settlement<br> Date** | **Foreign<br> Currency<br> Contract** | **Forward<br> Rate** | **U.S.<br> Contract<br> Amount** | **U.S.<br> Contract<br> Value** | **Unrealized<br> Foreign<br> Exchange<br> Gain** | **Unrealized<br> Foreign<br> Exchange<br> Loss** |
| Sell | Euro | Hong Kong & Shanghai Bank | 06/17/26 | (250000) | 0.86209 | $(289413) | $(289991) | $— | $(578) |
| Sell | Swiss Franc | UBS Securities | 06/17/26 | (195000) | 0.79282 | (251659) | (245958) | 5701 |  |
|  | Total |  |  |  |  |  |  | $5701 | $(578) |

---

Futures contracts held by the Fund at March 31, 2026 are as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** | **Futures Contracts:<br> Exchange Traded** |
| **Type** | **Futures Contract** | **Expiration<br> Date** | **Numbers<br> of<br> Contracts** | **Units per<br> Contract** | **Closing<br> Price** | **Notional<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| Long | MSCI EAFE Index | 06/19/26 | 17 | 50 | $2901 | $2465935 | $1317 | $— |
|  |  |  |  |  |  |  | $1317 | $— |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Penn Series Funds Inc

- **b. Investment Company Act file number:** 811-03459

- **c. CIK number of Registrant:** 0000702340

- **d. LEI of Registrant:** 549300GLJSCMRCVZWX45

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

  - **Street Address 1:** Eight Tower Bridge

  - **City:** Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 215-956-8114

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

- **a. Name of Series:** Penn Series Developed International Index Fund

- **b. EDGAR series identifier (if any):** S000022083

- **c. LEI of Series:** BY7CEU9NOL272QRF4869

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $95751618.95

**Total Liabilities:** $172437.22

**Net Assets:** $95579181.73

**Cash Not Reported:** $607997.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063374 | 5.04%                | 4.67%                | -8.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15524.66               | $4689381.99                                |
| Month 2  | $50659.67                | $4419574.25                                |
| Month 3  | $-46873.84               | $-8799137.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Getlink SE                                        | Getlink SE EUR0.40                                                        | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |      1352 | NS      | $29174.60     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujikura Ltd.                                     | Fujikura Ltd. NPV                                                         | CUSIP: 000000000<br>LEI: 353800PSDZ8VRCKVPL51 | Long             | EC               | CORP              | JP        |      7200 | NS      | $198014.64    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                       | Telenor ASA ORD NOK6                                                      | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |      2863 | NS      | $50353.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                                   | Sandoz Group AG CHF0.05                                                   | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |      1917 | NS      | $150198.65    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust            | CapitaLand Integrated Commercial Trust NPV (REAL ESTATE INVESTMENT TRUST) | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |     26406 | NS      | $47352.75     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT Group AG                                      | VAT Group AG CHF0.10 (REGD)                                               | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |       125 | NS      | $77980.22     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| DAVIDE CAMPARI - MILANO NV                        | Davide Campari-Milano N.V. EUR0.01                                        | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | EC               | CORP              | NL        |      2775 | NS      | $19826.46     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co Ltd.                            | Japan Airlines Co Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 3538002MH5L1QZZ93477 | Long             | EC               | CORP              | JP        |       500 | NS      | $8163.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sse PLC                                           | Sse PLC GBP0.50                                                           | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |      5569 | NS      | $192512.56    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                          | Japan Exchange Group Inc NPV                                              | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |      4700 | NS      | $54886.52     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                      | GEA Group AG NPV                                                          | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |       697 | NS      | $49987.25     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                          | Engie SA EUR1                                                             | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |      8329 | NS      | $268422.48    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Monotaro CoLtd                                    | Monotaro CoLtd NPV                                                        | CUSIP: 000000000<br>LEI: 5299005JUER5ANXWTC33 | Long             | EC               | CORP              | JP        |      1100 | NS      | $11923.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                                          | Next PLC ORD GBP0.10                                                      | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |       539 | NS      | $91063.44     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Relx PLC                                          | Relx PLC ORD GBP0.1444                                                    | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      3037 | NS      | $101142.63    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                        | Symrise AG NPV (BR)                                                       | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |       577 | NS      | $49271.06     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                              | Nissan Motor Co Ltd. NPV                                                  | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | EC               | CORP              | JP        |     10900 | NS      | $23624.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Company AB                                  | Telia Company AB NPV                                                      | CUSIP: 000000000<br>LEI: 213800FSR9RNDUOTXO25 | Long             | EC               | CORP              | SE        |     10628 | NS      | $54450.17     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co Ltd.                           | Japan Post Bank Co Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |      8200 | NS      | $133743.84    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis N.V                                    | Stellantis N.V COM EUR0.01                                                | CUSIP: 000000000<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | EC               | CORP              | NL        |      4370 | NS      | $31584.54     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                              | Ryanair Holdings PLC ORD EUR0.006                                         | CUSIP: 000000000<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |      3872 | NS      | $109003.96    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                  | Novo Nordisk A/S SER'B'DKK0.1                                             | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     14575 | NS      | $533364.78    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Indra Sistemas S.A.                               | Indra Sistemas S.A. EUR0.20 SER 'A'                                       | CUSIP: 000000000<br>LEI: 95980020140005308793 | Long             | EC               | CORP              | ES        |       360 | NS      | $20120.55     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel S.p.A.                                       | Enel S.p.A. EUR1                                                          | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     36911 | NS      | $403541.70    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Nova Ltd                                          | Nova Ltd ILS0.01                                                          | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |       140 | NS      | $61825.17     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                        | Hexagon AB SER'B'NPV                                                      | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |      9558 | NS      | $93019.58     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| T&D Holdings Inc.                                 | T&D Holdings Inc. NPV                                                     | CUSIP: 000000000<br>LEI: 3538008ARJ1MACEWA242 | Long             | EC               | CORP              | JP        |      2100 | NS      | $53790.52     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                         | Safran SA EUR0.20                                                         | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      1631 | NS      | $533711.02    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                        | Eiffage SA EUR4                                                           | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |       319 | NS      | $48924.27     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp.                                         | NEC Corp. NPV                                                             | CUSIP: 000000000<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |      5900 | NS      | $146810.26    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                | ArcelorMittal S.A. NPV                                                    | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |      2020 | NS      | $104760.23    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Canon Inc.                                        | Canon Inc. NPV                                                            | CUSIP: 000000000<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |      4000 | NS      | $110989.40    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group PLC                                      | BT Group PLC ORD GBP0.05                                                  | CUSIP: 000000000<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |     26357 | NS      | $73867.25     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Life Group Inc.                           | Daiichi Life Group Inc. NPV                                               | CUSIP: 000000000<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |     16100 | NS      | $148474.12    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp Japan                                 | Oracle Corp Japan NPV                                                     | CUSIP: 000000000<br>LEI: 529900MIMKY9RU60Z323 | Long             | EC               | CORP              | JP        |       200 | NS      | $10846.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Healthineers AG                           | Siemens Healthineers AG NPV                                               | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |      1573 | NS      | $67113.71     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad N.V                                      | Randstad N.V EUR0.10                                                      | CUSIP: 000000000<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | EC               | CORP              | NL        |       473 | NS      | $12345.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Ing H C F Porsche AG                           | Dr Ing H C F Porsche AG NON-VTG PRF NPV                                   | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |       537 | NS      | $24462.67     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd.                        | Woodside Energy Group Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |      8717 | NS      | $206920.08    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SalMar ASA                                        | SalMar ASA NOK0.25                                                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGDBK67 | Long             | EC               | CORP              | NO        |       344 | NS      | $20072.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.               | Teva Pharmaceutical Industries Ltd. SPONSORED ADS                         | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |       500 | NS      | $15060.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                     | Nippon Yusen Kabushiki Kaisha NPV                                         | CUSIP: 000000000<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |      1800 | NS      | $66122.60     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sainsbury (J) PLC                                 | Sainsbury (J) PLC ORD GBP0.28571428                                       | CUSIP: 000000000<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |      8298 | NS      | $37233.16     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                            | BP PLC ORD USD0.25                                                        | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     71367 | NS      | $558575.44    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group PLC                                | Intertek Group PLC ORD GBP0.01                                            | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |       668 | NS      | $32504.19     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                           | Sea Ltd. SPONSORD ADS                                                     | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      1800 | NS      | $149058.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kioxia Holdings Corp.                             | Kioxia Holdings Corp. NPV                                                 | CUSIP: 000000000<br>LEI: 35380080RTKRARNH4R73 | Long             | EC               | CORP              | JP        |       900 | NS      | $117540.10    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson PLC                                       | Pearson PLC ORD GBP0.25                                                   | CUSIP: 000000000<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |      2427 | NS      | $31997.26     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd.                                      | Fujitsu Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |      8000 | NS      | $163605.32    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JFE Holdings, Inc.                                | JFE Holdings, Inc. NPV                                                    | CUSIP: 000000000<br>LEI: 3538002Y11Y03NA9B530 | Long             | EC               | CORP              | JP        |      2800 | NS      | $32780.35     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kesko Oyj                                         | Kesko Oyj SER'B'EUR2                                                      | CUSIP: 000000000<br>LEI: 743700OX6HSVMCAHPB95 | Long             | EC               | CORP              | FI        |      1229 | NS      | $27294.07     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group PLC                 | InterContinental Hotels Group PLC ORD GBP0.208521303                      | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |       639 | NS      | $84268.04     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp.                                | Suzuki Motor Corp. NPV                                                    | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |      7200 | NS      | $87758.82     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimadzu Corporation                              | Shimadzu Corporation NPV                                                  | CUSIP: 000000000<br>LEI: 353800Y64Z08WEH8PH97 | Long             | EC               | CORP              | JP        |      1000 | NS      | $23762.86     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilmar International Ltd.                         | Wilmar International Ltd. NPV                                             | CUSIP: 000000000<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |      8000 | NS      | $24035.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                            | Mercedes-Benz Group AG ORD NPV(REGD)                                      | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |      3290 | NS      | $202212.92    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                        | Allianz SE NPV(REGD)(VINKULIERT)                                          | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1737 | NS      | $733567.44    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                                       | Pandora A/S DKK1                                                          | CUSIP: 000000000<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |       349 | NS      | $24944.40     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                       | Brenntag SE NPV                                                           | CUSIP: 000000000<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |       533 | NS      | $36104.49     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouygues SA                                       | Bouygues SA EUR1                                                          | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |       911 | NS      | $52798.59     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corp.          | Pan Pacific International Holdings Corp. NPV                              | CUSIP: 000000000<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |      8000 | NS      | $48802.03     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                | ABN AMRO Bank N.V. DR EACH REP SHS                                        | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |      2697 | NS      | $85497.08     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp.                         | Renesas Electronics Corp. NPV                                             | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |      8200 | NS      | $117237.29    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV                    | BE Semiconductor Industries NV EUR0.01                                    | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |       345 | NS      | $73896.88     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd.                            | Mitsui Fudosan Co Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     12100 | NS      | $128991.30    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                         | Repsol SA EUR1                                                            | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |      4919 | NS      | $138462.33    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Porsche Automobil Holding SE                      | Porsche Automobil Holding SE NON VTG PRF NPV                              | CUSIP: 000000000<br>LEI: 52990053Z17ZYM1KFV27 | Long             | EP               | CORP              | DE        |       711 | NS      | $26034.82     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.               | Hong Kong Exchanges & Clearing Ltd. NPV                                   | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |      5484 | NS      | $276656.82    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                  | Roche Holding AG CHF0.001                                                 | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |      3206 | NS      | $1279485.24   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Alstom SA                                         | Alstom SA EUR7.00                                                         | CUSIP: 000000000<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |      1645 | NS      | $47044.09     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                              | Macquarie Group Ltd. NPV                                                  | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |      1651 | NS      | $234535.83    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Poste Italiane S.p.A.                             | Poste Italiane S.p.A. NPV                                                 | CUSIP: 000000000<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | NUSS              | IT        |      2159 | NS      | $50820.17     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd.            | Check Point Software Technologies Ltd. ORD ILS0.01                        | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |       372 | NS      | $53140.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                        | Boliden AB NPV                                                            | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |      1270 | NS      | $66575.76     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NITORI HOLDINGS COMPANY LTD                       | Nitori Holdings Co Ltd. NPV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1900 | NS      | $30186.27     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                                      | Sartorius AG NON VTG PFD NPV                                              | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |       123 | NS      | $30776.66     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB (publ)                          | Industrivarden AB (publ) SER'C'NPV                                        | CUSIP: 000000000<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |       681 | NS      | $33756.29     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chiba Bank Ltd.                                   | Chiba Bank Ltd. NPV                                                       | CUSIP: 000000000<br>LEI: FGJPAKKCTZVSKZXNBS63 | Long             | EC               | CORP              | JP        |      2500 | NS      | $32361.41     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                              | Credit Agricole S.A. EUR3                                                 | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |      4661 | NS      | $86994.53     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiersdorf AG                                     | Beiersdorf AG NPV                                                         | CUSIP: 000000000<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |       431 | NS      | $38741.45     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                                 | Bureau Veritas SA EUR0.12                                                 | CUSIP: 000000000<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |      1613 | NS      | $48279.36     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                         | Essity AB SER'B'NPV                                                       | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |      2667 | NS      | $68736.08     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                               | Imperial Brands PLC GBP0.10                                               | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |      3506 | NS      | $142160.64    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp                                        | Asics Corp NPV                                                            | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |      3200 | NS      | $86032.37     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co Ltd.                      | Japan Post Insurance Co Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 54930042SK2Z708BA841 | Long             | EC               | CORP              | JP        |      2400 | NS      | $24205.44     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                     | Rio Tinto PLC ORD GBP0.10                                                 | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      5122 | NS      | $475186.97    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexon Co Ltd.                                     | Nexon Co Ltd. NPV                                                         | CUSIP: 000000000<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |      1800 | NS      | $33906.05     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd.                                | Suncorp Group Ltd. NPV                                                    | CUSIP: 000000000<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |      4660 | NS      | $52297.67     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica, S.A.                                  | Telefonica, S.A. EUR1                                                     | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |     17190 | NS      | $75215.39     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Veolia Environnement S.A.                         | Veolia Environnement S.A. EUR5                                            | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |      2911 | NS      | $110868.37    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd.                     | Takeda Pharmaceutical Co Ltd. NPV                                         | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |      7295 | NS      | $268659.49    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Suntory Beverage & Food Ltd                       | Suntory Beverage & Food Ltd NPV                                           | CUSIP: 000000000<br>LEI: 549300FONLMVK7YYYH41 | Long             | EC               | CORP              | JP        |       600 | NS      | $16944.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                      | Komatsu Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |      4400 | NS      | $175210.55    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings Ltd                          | Asahi Group Holdings Ltd NPV                                              | CUSIP: 000000000<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |      7100 | NS      | $70890.87     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAMBLES LTD                                      | Brambles Ltd. NPV                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      6322 | NS      | $99219.22     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                       | Rational AG NPV                                                           | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |        23 | NS      | $16873.96     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA/NV                                       | Ageas SA/NV NPV                                                           | CUSIP: 000000000<br>LEI: 5493005DJBML6LY3RV36 | Long             | EC               | CORP              | BE        |       708 | NS      | $52117.99     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CK INFRASTRUCTURE HOLDINGS LTD                    | CK Infrastructure Holdings Ltd. HKD1                                      | CUSIP: 000000000<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | BM        |      2500 | NS      | $20048.01     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Link Real Estate Investment Trust                 | Link Real Estate Investment Trust UNITS                                   | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |     10862 | NS      | $50343.36     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide S.A.(L')                              | Air Liquide S.A.(L') EUR5.50                                              | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      2622 | NS      | $541963.48    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                         | Mapfre SA EUR0.10                                                         | CUSIP: 000000000<br>LEI: 95980020140005693107 | Long             | EC               | CORP              | ES        |      4641 | NS      | $20682.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad         | Endesa SA - Empresa Nacional Electricidad EUR1.2                          | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |      1359 | NS      | $56674.47     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd.                          | QBE Insurance Group Ltd. NPV                                              | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |      7015 | NS      | $103518.67    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                        | Legrand SA EUR4                                                           | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |      1199 | NS      | $186270.19    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                                | Publicis Groupe SA EUR0.40                                                | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |       994 | NS      | $82272.90     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/EUR FORWARD                                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-577.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BELIMO Holding AG                                 | BELIMO Holding AG CHF0.05 (REGD)                                          | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |        47 | NS      | $38170.99     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sigma Healthcare Ltd.                             | Sigma Healthcare Ltd. NPV                                                 | CUSIP: 000000000<br>LEI: 529900BZSP3BK7GYAO50 | Long             | EC               | CORP              | AU        |     24657 | NS      | $45565.10     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| APA GROUP                                         | APA Group Ltd. NPV (STAPLED UNITS)                                        | CUSIP: 000000000<br>LEI: 549300T9RBSX164T8H40 | Long             | EC               | CORP              | AU        |      5847 | NS      | $40278.28     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo S.p.A.                                   | Leonardo S.p.A. NPV                                                       | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |      1866 | NS      | $126924.32    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Securities Group Inc.                       | Daiwa Securities Group Inc. NPV                                           | CUSIP: 000000000<br>LEI: 353800WRC7Y23PWFJG38 | Long             | EC               | CORP              | JP        |      6300 | NS      | $59694.96     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria De Diseno Textil SA                     | Industria De Diseno Textil SA EUR0.03 (POST SUBD)                         | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |      4957 | NS      | $288540.98    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Munich Reinsurance AG                             | Munich Reinsurance AG NPV(REGD)                                           | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |       593 | NS      | $374503.99    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Renault S.A.                                      | Renault S.A. EUR3.81                                                      | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | EC               | CORP              | FR        |       921 | NS      | $31575.48     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                   | Knorr-Bremse AG NPV                                                       | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |       307 | NS      | $35075.30     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                      | Experian PLC ORD USD0.10                                                  | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |      4190 | NS      | $144950.94    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.           | TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22                       | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |      5972 | NS      | $68304.22     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp.                                    | Sumitomo Corp. NPV                                                        | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |      5000 | NS      | $187095.35    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Comercial Portugues, S.A.                   | Banco Comercial Portugues, S.A. NPV                                       | CUSIP: 000000000<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | EC               | CORP              | PT        |     33071 | NS      | $32210.09     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel N.V.                                   | Akzo Nobel N.V. EUR0.50(POST REV SPLIT)                                   | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |       795 | NS      | $45700.85     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                                  | Bank Hapoalim BM ILS1                                                     | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |      5737 | NS      | $134733.46    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal S.A.                                      | L'Oreal S.A. EUR0.20                                                      | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      1089 | NS      | $444628.34    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                    | Techtronic Industries Co. Ltd. NPV                                        | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |      7000 | NS      | $92961.65     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TDK Corp.                                         | TDK Corp. NPV                                                             | CUSIP: 000000000<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |      8900 | NS      | $115613.45    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Wisetech Global Ltd.                              | Wisetech Global Ltd. NPV                                                  | CUSIP: 000000000<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |       960 | NS      | $25901.35     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                        | Merck KGaA NPV                                                            | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |       600 | NS      | $76232.27     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Land Co Ltd.                             | Oriental Land Co Ltd. NPV                                                 | CUSIP: 000000000<br>LEI: 353800PIFKBZ6KTU5994 | Long             | EC               | CORP              | JP        |      4700 | NS      | $79993.04     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                       | Aker BP ASA NOK1                                                          | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |      1522 | NS      | $56266.73     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Building Fund Inc.                         | Nippon Building Fund Inc. REIT                                            | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               | CORP              | JP        |        34 | NS      | $28549.07     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NMC Health PLC                                    | NMC Health PLC ORD GBP0.10                                                | CUSIP: 000000000<br>LEI: 2138008YQEVWBE1V2M52 | Long             | EC               | CORP              | GB        |       538 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp.                                | Nippon Steel Corp. NPV                                                    | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |     22485 | NS      | $82914.47     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                            | UCB SA NPV                                                                | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |       579 | NS      | $174450.81    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Toho Co Ltd.                                      | Toho Co Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 529900IYHHYWU4O3H185 | Long             | EC               | CORP              | JP        |      2500 | NS      | $26259.41     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller-Maersk                                  | AP Moller-Maersk SER'A'DKK1000                                            | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |        14 | NS      | $34279.44     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries                                    | Lotus Bakeries NPV                                                        | CUSIP: 000000000<br>LEI: 5493004C0K34IFI67I03 | Long             | EC               | CORP              | BE        |         2 | NS      | $22581.53     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group PLC                                  | Spirax Group PLC ORD GBP0.269230769                                       | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |       358 | NS      | $32117.57     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HANKYU HANSHIN HOLDINGS INC                       | Hankyu Hanshin Holdings Inc. NPV                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1000 | NS      | $28915.05     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesfarmers Ltd.                                   | Wesfarmers Ltd. ORD NPV                                                   | CUSIP: 000000000<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |      5162 | NS      | $263550.95    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                         | Prosus NV EUR0.05 (N SHARES)                                              | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |      5939 | NS      | $274949.39    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SKF AB                                            | SKF AB SER'B'NPV                                                          | CUSIP: 000000000<br>LEI: 549300B6HWYEE57O8J84 | Long             | EC               | CORP              | SE        |      1500 | NS      | $36158.93     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp.                           | FUJIFILM Holdings Corp. NPV                                               | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |      5200 | NS      | $99089.38     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc.                              | Resona Holdings Inc. NPV                                                  | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |      9600 | NS      | $109514.37    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp.                                 | Asahi Kasei Corp. NPV                                                     | CUSIP: 000000000<br>LEI: 353800GPI4Z3MGDGN142 | Long             | EC               | CORP              | JP        |      6100 | NS      | $59685.32     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                         | CTS Eventim AG & Co. KGaA NPV                                             | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |       278 | NS      | $16282.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FISHER & PAYKEL HEALTHCARE CORP LTD               | Fisher & Paykel Healthcare Corp Ltd. NPV                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |      2472 | NS      | $53601.57     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International AG                  | Raiffeisen Bank International AG NPV (REGD)                               | CUSIP: 000000000<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | EC               | CORP              | AT        |       646 | NS      | $27666.11     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Softbank Group Corp.                              | Softbank Group Corp. NPV                                                  | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     16800 | NS      | $409075.81    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd.                   | Galaxy Entertainment Group Ltd. NPV                                       | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |      9000 | NS      | $40679.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                  | Delivery Hero SE NPV                                                      | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |       873 | NS      | $16221.35     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Daito Trust Construction Co Ltd.                  | Daito Trust Construction Co Ltd. NPV                                      | CUSIP: 000000000<br>LEI: 353800QQ4DRI3KXS3038 | Long             | EC               | CORP              | JP        |      1400 | NS      | $32807.86     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB (publ)                                | Swedbank AB (publ) SER'A'NPV                                              | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |      3899 | NS      | $132891.66    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                        | United Utilities Group PLC ORD GBP0.05                                    | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |      3227 | NS      | $56266.51     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd.                                  | Nintendo Co Ltd. NPV                                                      | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |      5019 | NS      | $286512.84    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Matsukiyococokara & Co.                           | Matsukiyococokara & Co. NPV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1400 | NS      | $22282.85     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group Inc.                  | Sumitomo Mitsui Trust Group Inc. NPV                                      | CUSIP: 000000000<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |      2786 | NS      | $88752.60     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL Ltd.                                          | CSL Ltd. ORD NPV                                                          | CUSIP: 000000000<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |      2208 | NS      | $216867.47    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia S.p.A.                             | Telecom Italia S.p.A. SUBS RTS                                            | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | EC               | CORP              | IT        |     83162 | NS      | $0.87         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.                     | BOC Hong Kong (Holdings) Ltd. NPV                                         | CUSIP: 000000000<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |     16000 | NS      | $88272.10     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitas AB                                      | Securitas AB SER'B'NPV                                                    | CUSIP: 000000000<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |      2142 | NS      | $35874.06     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                                         | Orion Oyj SER'B'NPV                                                       | CUSIP: 000000000<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |       462 | NS      | $37341.85     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                        | Haleon PLC ORD GBP0.01                                                    | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |     40642 | NS      | $201137.04    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd.                               | Qantas Airways Ltd. NPV                                                   | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |      3289 | NS      | $19320.41     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Syensqo SA                                        | Syensqo SA NPV                                                            | CUSIP: 000000000<br>LEI: 549300060XNJ90PLNS10 | Long             | EC               | CORP              | BE        |       306 | NS      | $17837.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Acciona SA                                        | Acciona SA EUR1                                                           | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |       104 | NS      | $27348.10     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                                       | Informa PLC ORD GBP0.001                                                  | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |      6057 | NS      | $60834.79     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva PLC                                         | Aviva PLC ORD GBP0.328947368                                              | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |     14048 | NS      | $112740.67    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                         | Epiroc AB SER'A'NPV                                                       | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      2862 | NS      | $70453.42     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| INPOST SA                                         | Inpost S.A EUR0.01                                                        | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |      1317 | NS      | $23316.13     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Indutrade AB                                      | Indutrade AB NPV                                                          | CUSIP: 000000000<br>LEI: 549300FISLQ6CEFP1867 | Long             | EC               | CORP              | SE        |      1163 | NS      | $26666.27     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyowa Kirin Co Ltd.                               | Kyowa Kirin Co Ltd. NPV                                                   | CUSIP: 000000000<br>LEI: 529900TBXKVTQGYA3582 | Long             | EC               | CORP              | JP        |      1000 | NS      | $16366.05     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd.                               | Tokyo Electron Ltd. NPV                                                   | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      2000 | NS      | $496901.90    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Axa SA                                            | Axa SA EUR2.29                                                            | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |      7578 | NS      | $348220.94    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Airlines Ltd.                           | Singapore Airlines Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 549300ZG62N2599PWR15 | Long             | EC               | CORP              | SG        |      6900 | NS      | $35581.18     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                             | Schneider Electric SE EUR4.00                                             | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      2503 | NS      | $681771.15    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Compagnie de Saint-Gobain SA                      | Compagnie de Saint-Gobain SA EUR4                                         | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |      2048 | NS      | $169563.01    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                           | Bank Leumi Le-Israel BM ILS1                                              | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |      6820 | NS      | $152514.63    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                     | Nemetschek SE ORD NPV                                                     | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |       240 | NS      | $17966.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijer Ref AB                                     | Beijer Ref AB SER'B'NPV                                                   | CUSIP: 000000000<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |      1983 | NS      | $27490.58     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastighets AB Balder                              | Fastighets AB Balder SER'B'NPV                                            | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |      2900 | NS      | $16984.19     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Legal & General Group PLC                         | Legal & General Group PLC ORD GBP0.025                                    | CUSIP: 000000000<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |     25239 | NS      | $82943.80     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| M&G PLC                                           | M&G PLC ORD GBP0.05                                                       | CUSIP: 000000000<br>LEI: 254900TWUJUQ44TQJY84 | Long             | EC               | CORP              | GB        |     10956 | NS      | $39796.96     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                   | AstraZeneca PLC ORD USD0.25                                               | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      7078 | NS      | $1384032.10   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc.                              | Astellas Pharma Inc. NPV                                                  | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |      8300 | NS      | $135305.08    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Elisa OYJ                                         | Elisa OYJ NPV                                                             | CUSIP: 000000000<br>LEI: 743700TU2S3DXWGU7H32 | Long             | EC               | CORP              | FI        |       610 | NS      | $29713.36     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Life Holding AG                             | Swiss Life Holding AG CHF0.1 (REGD)                                       | CUSIP: 000000000<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |       131 | NS      | $142686.97    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Schroders PLC                                     | Schroders PLC ORD GBP0.20                                                 | CUSIP: 000000000<br>LEI: 2138001YYBULX5SZ2H24 | Long             | EC               | CORP              | GB        |      3435 | NS      | $26447.97     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                         | United Overseas Bank Ltd. NPV                                             | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      5737 | NS      | $164225.98    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                        | Diageo PLC ORD GBP0.28 101/108                                            | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     10147 | NS      | $188705.93    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                 | Isuzu Motors Ltd. NPV                                                     | CUSIP: 000000000<br>LEI: 529900C0QSXVCC7AR494 | Long             | EC               | CORP              | JP        |      2500 | NS      | $36001.92     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Redeia Corporacion S.A.                           | Redeia Corporacion S.A. EUR0.5                                            | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |      1818 | NS      | $30815.73     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Metso Oyj                                         | Metso Oyj NPV                                                             | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |      3130 | NS      | $54243.83     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group PLC                         | Marks & Spencer Group PLC ORD GBP0.01                                     | CUSIP: 000000000<br>LEI: 213800EJP14A79ZG1X44 | Long             | EC               | CORP              | GB        |      9274 | NS      | $41786.08     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Compagnie Financiere Richemont Sa                 | Compagnie Financiere Richemont Sa CHF1 (REGD)                             | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      2436 | NS      | $430115.11    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| L E Lundbergforetagen AB (Publ)                   | L E Lundbergforetagen AB (Publ) SER'B'NPV                                 | CUSIP: 000000000<br>LEI: 529900BPSFZS6O3A9R04 | Long             | EC               | CORP              | SE        |       336 | NS      | $19102.89     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd.                               | Honda Motor Co Ltd. NPV                                                   | CUSIP: 000000000<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |     16900 | NS      | $136781.39    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                         | Gjensidige Forsikring ASA NOK2                                            | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |       851 | NS      | $22261.05     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel Ltd.                                       | Keppel Ltd. NPV                                                           | CUSIP: 000000000<br>LEI: 254900SQ7IPDOY6IDW33 | Long             | EC               | CORP              | SG        |      6500 | NS      | $59879.48     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd.                          | Recruit Holdings Co Ltd. NPV                                              | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      6400 | NS      | $278847.81    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                         | Tesco PLC ORD GBP0.0633333                                                | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |     29714 | NS      | $186753.42    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Screen Holdings Co Ltd.                           | Screen Holdings Co Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |       800 | NS      | $47661.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp.                                       | Denso Corp. NPV                                                           | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |      8000 | NS      | $100304.67    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                          | Daimler Truck Holding AG NPV                                              | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |      2115 | NS      | $104154.89    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui Chemical Co Ltd.                          | Sekisui Chemical Co Ltd. NPV                                              | CUSIP: 000000000<br>LEI: 529900KQIVT7NWFNMI70 | Long             | EC               | CORP              | JP        |      1600 | NS      | $26861.86     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd.                           | ANZ Group Holdings Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     13608 | NS      | $342176.55    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC Capital Partners PLC                          | CVC Capital Partners PLC ORD NPV                                          | CUSIP: 000000000<br>LEI: 213800E8UQS1KA32YD39 | Long             | EC               | CORP              | JE        |       917 | NS      | $11971.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                      | Capgemini SE EUR8                                                         | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |       709 | NS      | $83660.92     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                         | Danone SA EUR0.25                                                         | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |      2946 | NS      | $235406.42    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller-Maersk                                  | AP Moller-Maersk SER'B'DKK1000                                            | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |        19 | NS      | $47459.75     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Cellulosa Aktiebolaget SCA (publ)         | Svenska Cellulosa Aktiebolaget SCA (publ) SER'B'NPV                       | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |      2922 | NS      | $33878.74     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group AG                              | Julius Baer Group AG CHF0.02 (REGD)                                       | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |       896 | NS      | $65904.38     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME S.A.                                     | Aena SME S.A. EUR10                                                       | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |      3280 | NS      | $96751.12     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB                       | Swedish Orphan Biovitrum AB NPV                                           | CUSIP: 000000000<br>LEI: 549300124Y3MQI87PT35 | Long             | EC               | CORP              | SE        |       878 | NS      | $36797.40     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                          | ABB Ltd. CHF0.12 (REGD)                                                   | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      7101 | NS      | $577367.87    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                             | Societe Generale S.A. EUR1.25                                             | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |      3218 | NS      | $234968.41    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Aisin Corp.                                       | Aisin Corp. NPV                                                           | CUSIP: 000000000<br>LEI: 3538004IOK08PDY6I723 | Long             | EC               | CORP              | JP        |      2100 | NS      | $29585.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortum Oyj                                        | Fortum Oyj EUR3.40                                                        | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |      1907 | NS      | $48767.21     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                         | Shell PLC ORD EUR0.07                                                     | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     26016 | NS      | $1204932.13   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corporation                                | Kubota Corporation NPV                                                    | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |      4300 | NS      | $68908.31     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP HOLDINGS NV                                | AerCap Holdings N.V. EUR0.01                                              | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |       800 | NS      | $109744.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd                     | Nomura Research Institute Ltd NPV                                         | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |      1630 | NS      | $44609.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                         | Partners Group Holding AG CHF0.01 (REGD)                                  | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |       104 | NS      | $112095.45    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Toray Industries Inc.                             | Toray Industries Inc. NPV                                                 | CUSIP: 000000000<br>LEI: 35380099TCYR5FHT0A11 | Long             | EC               | CORP              | JP        |      6300 | NS      | $44872.54     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| The Swatch Group AG                               | The Swatch Group AG CHF2.25(BR)                                           | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |       128 | NS      | $28257.47     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp.                         | Mitsubishi Electric Corp. NPV                                             | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |      8700 | NS      | $284551.71    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd.                         | Israel Discount Bank Ltd. ILS0.10                                         | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |      5734 | NS      | $57900.50     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimizu Corp.                                     | Shimizu Corp. NPV                                                         | CUSIP: 000000000<br>LEI: 353800BRAE0QFP3ZLY22 | Long             | EC               | CORP              | JP        |      2300 | NS      | $41264.57     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland N.V.                                | ASR Nederland N.V. EUR0.16                                                | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |       741 | NS      | $51015.52     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Monday.Com Limited                                | Monday.Com Limited SHS                                                    | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |       170 | NS      | $11748.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                              | Henkel AG & Co. KGaA NON-VTG PRF NPV                                      | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |       752 | NS      | $58091.38     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Elia Group SA/NV                                  | Elia Group SA/NV NPV                                                      | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |       216 | NS      | $33177.42     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KAJIMA CORP                                       | Kajima Corp. NPV                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $76297.34     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT AB                                            | EQT AB NPV                                                                | CUSIP: 000000000<br>LEI: 213800U7P9GOIRKCTB34 | Long             | EC               | CORP              | SE        |      2291 | NS      | $71084.46     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Caixabank S.A.                                    | Caixabank S.A. EUR1                                                       | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     17773 | NS      | $213056.66    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| AGC Inc.                                          | AGC Inc. NPV                                                              | CUSIP: 000000000<br>LEI: JE4WFFEELMVPFZ0G1E77 | Long             | EC               | CORP              | JP        |       900 | NS      | $31884.77     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Capcom Co Ltd.                                    | Capcom Co Ltd. NPV                                                        | CUSIP: 000000000<br>LEI: 529900JJWQKXS3TC8744 | Long             | EC               | CORP              | JP        |      1700 | NS      | $35924.28     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REA Group Ltd.                                    | REA Group Ltd. ORD NPV                                                    | CUSIP: 000000000<br>LEI: 894500KA4UBDATOFPN36 | Long             | EC               | CORP              | AU        |       225 | NS      | $24650.63     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                 | Siemens Energy AG NPV                                                     | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      3512 | NS      | $605642.90    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Sagax AB                                          | Sagax AB SER'B'NPV                                                        | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Long             | EC               | CORP              | SE        |       919 | NS      | $16957.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes                                 | Dassault Systemes EUR0.10                                                 | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |      2943 | NS      | $59578.82     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                | Smith & Nephew PLC ORD USD0.20                                            | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |      3785 | NS      | $59969.59     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kongsberg Gruppen ASA                             | Kongsberg Gruppen ASA NOK0.25                                             | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |      2080 | NS      | $88663.52     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                 | NatWest Group PLC ORD GBP1.0769                                           | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     36520 | NS      | $270538.22    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM Firmenich AG                                  | DSM Firmenich AG EUR0.01                                                  | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |       809 | NS      | $57862.97     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Obayashi Corp.                                    | Obayashi Corp. NPV                                                        | CUSIP: 000000000<br>LEI: 529900YT4O5S0LCXWD54 | Long             | EC               | CORP              | JP        |      2800 | NS      | $67817.31     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                | Toyota Motor Corp. NPV                                                    | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     43240 | NS      | $898844.98    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT TRUST AND HKT LTD                             | HKT Trust & HKT Ltd. HKD0.0005 SHARE STAPLED UNIT                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     16240 | NS      | $25378.18     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO Tinto Limited                                 | RIO Tinto Limited NPV                                                     | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |      1699 | NS      | $193029.50    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Straumann Holding AG                              | Straumann Holding AG CHF0.01 (REGD) (POST SPLIT)                          | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |       485 | NS      | $50742.22     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Konami Group Corp.                                | Konami Group Corp. NPV                                                    | CUSIP: 000000000<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |       500 | NS      | $61614.08     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Financiere De Tubize SA                           | Financiere De Tubize SA NPV                                               | CUSIP: 000000000<br>LEI: 549300I1MGC0OK6W8828 | Long             | EC               | CORP              | BE        |       100 | NS      | $24806.59     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                            | SGS SA CHF0.04 (REGD)                                                     | CUSIP: 000000000<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |       767 | NS      | $80833.36     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp.                                        | ORIX Corp. NPV                                                            | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |      5300 | NS      | $157258.20    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                                        | Entain PLC ORD EUR0.01                                                    | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | IM        |      2980 | NS      | $22386.96     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica S.p.A. | Recordati Industria Chimica e Farmaceutica S.p.A. EUR0.125                | CUSIP: 000000000<br>LEI: 815600FBF92FD3531704 | Long             | EC               | CORP              | IT        |       515 | NS      | $29488.16     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanrio Co., Ltd                                   | Sanrio Co., Ltd NPV                                                       | CUSIP: 000000000<br>LEI: 3538002Q5JQLOMSPH125 | Long             | EC               | CORP              | JP        |      4000 | NS      | $24869.02     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                           | DBS Group Holdings Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      9632 | NS      | $428625.24    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                              | Endeavour Mining PLC ORD USD0.01                                          | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |       920 | NS      | $55429.80     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                                 | Wolters Kluwer NV EUR0.12                                                 | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      1070 | NS      | $79916.43     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                          | Volvo AB SER'B'NPV                                                        | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      7001 | NS      | $230188.10    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ICL Group Ltd                                     | ICL Group Ltd ILS1                                                        | CUSIP: 000000000<br>LEI: 529900FQVQD88SHIGM04 | Long             | EC               | CORP              | IL        |      3227 | NS      | $16655.24     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Industries Corp.                           | Toyota Industries Corp. NPV                                               | CUSIP: 000000000<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |       800 | NS      | $103455.96    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                       | Novartis AG CHF0.49 (REGD)                                                | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      8676 | NS      | $1331717.74   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group N.V                         | Universal Music Group N.V EUR10.00                                        | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |      5064 | NS      | $98296.40     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                   | Nordea Bank ABP NPV                                                       | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     13107 | NS      | $224823.50    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP Renovaveis SA                                 | EDP Renovaveis SA EUR5                                                    | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |      1399 | NS      | $22422.99     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Printing Co Ltd.                       | Dai Nippon Printing Co Ltd. NPV                                           | CUSIP: 000000000<br>LEI: 529900S7NFNQ4FT6OP83 | Long             | EC               | CORP              | JP        |      1800 | NS      | $32795.99     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd.                        | Power Assets Holdings Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |      6000 | NS      | $46811.82     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                         | Avolta AG CHF5 (REGD)                                                     | CUSIP: 000000000<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |       393 | NS      | $23562.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                                    | Kingfisher PLC ORD GBP0.157142857                                         | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |      8065 | NS      | $30665.85     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                          | Ipsen SA EUR1                                                             | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |       156 | NS      | $29153.85     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlsberg A/S                                     | Carlsberg A/S SER'B'DKK20                                                 | CUSIP: 000000000<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |       414 | NS      | $51433.03     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd.                      | National Australia Bank Ltd. NPV                                          | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     13900 | NS      | $402066.83    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Washington H. Soul Pattinson & Co Ltd.            | Washington H. Soul Pattinson & Co Ltd. NPV                                | CUSIP: 000000000<br>LEI: 254900CV4BQYQLH2KI62 | Long             | EC               | CORP              | AU        |      1643 | NS      | $46173.10     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings Inc.                        | Tokio Marine Holdings Inc. NPV                                            | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |      8300 | NS      | $389610.08    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Nebius Group N.V.                                 | Nebius Group N.V. COM USD0.01 CL 'A'                                      | CUSIP: 000000000<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |      1000 | NS      | $103760.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                                          | Volvo AB SER'A'NPV                                                        | CUSIP: 928856202<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |       239 | NS      | $7828.40      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES U.S., INC.                            | MSCI EAFE Index Futures - ICUS, Jun26                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |        17 | NC      | $1317.59      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                                 | Hannover Rueck SE ORD NPV(REGD)                                           | CUSIP: 000000000<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |       264 | NS      | $83001.86     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong & China Gas Co Ltd. (Towngas)           | Hong Kong & China Gas Co Ltd. (Towngas) NPV                               | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |     50112 | NS      | $45584.42     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaha Motor Co Ltd.                              | Yamaha Motor Co Ltd. NPV                                                  | CUSIP: 000000000<br>LEI: 3538004LR5NXILJDHY88 | Long             | EC               | CORP              | JP        |      4100 | NS      | $29620.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                         | Epiroc AB SER'B'NPV                                                       | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      1799 | NS      | $38537.40     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                | Coca-Cola Europacific Partners PLC ORD EUR0.01                            | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |       934 | NS      | $85715.94     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc.                               | Sompo Holdings Inc. NPV                                                   | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |      4075 | NS      | $158632.59    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD                     | Jardine Matheson Holdings Ltd. USD0.25(SINGAPORE REG)                     | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |       700 | NS      | $50318.27     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc.               | MS&AD Insurance Group Holdings Inc. NPV                                   | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |      5870 | NS      | $153181.04    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                        | Scout24 SE NPV                                                            | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |       329 | NS      | $25385.10     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                       | Bayerische Motoren Werke AG EUR1                                          | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |      1289 | NS      | $119241.20    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                          | Alcon AG CHF0.04                                                          | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |      2283 | NS      | $172572.49    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Verbund AG                                        | Verbund AG CLASS'A'NPV                                                    | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |       306 | NS      | $23384.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                   | BAE Systems PLC ORD GBP0.025                                              | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     13657 | NS      | $400402.84    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                          | Vinci SA EUR2.50                                                          | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      2267 | NS      | $340275.02    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| AZRIELI GROUP LTD                                 | Azrieli Group ILS0.10                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       175 | NS      | $23474.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Pacific Ltd.                                | Swire Pacific Ltd. 'A' NPV                                                | CUSIP: 000000000<br>LEI: 549300KZOZHII0DGF611 | Long             | EC               | CORP              | HK        |      1500 | NS      | $16394.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.             | Sumitomo Realty & Development Co Ltd. NPV                                 | CUSIP: 000000000<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |      2800 | NS      | $79452.28     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co Ltd                                  | Tokyo Gas Co Ltd NPV                                                      | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |      1400 | NS      | $65934.49     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                         | Airbus SE EUR1                                                            | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      2691 | NS      | $508795.36    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                                    | Lonza Group AG CHF1 (REGD)                                                | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       320 | NS      | $205285.95    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                            | RWE AG NPV                                                                | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      2897 | NS      | $194906.82    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd.                                | Shionogi & Co Ltd. NPV                                                    | CUSIP: 000000000<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |      3300 | NS      | $72999.11     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                              | Schindler Holding AG CHF0.10 (PTG CERT)                                   | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EP               | CORP              | CH        |       173 | NS      | $56984.97     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                | Banco Bilbao Vizcaya Argentaria SA EUR0.49                                | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     26099 | NS      | $563727.15    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Finecobank Banca Fineco S.p.A.                    | Finecobank Banca Fineco S.p.A. EUR0.33                                    | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |      2856 | NS      | $63542.37     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT Inc.                                          | NTT Inc. NPV                                                              | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |    137100 | NS      | $137163.96    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| STOCKLAND TRUST MANAGEMENT LTD                    | Stockland Corp Ltd. NPV (STAPLED)                                         | CUSIP: 000000000<br>LEI: 549300Y8E5TMSOLM7P64 | Long             | EC               | CORP              | AU        |     11726 | NS      | $35199.45     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour S.A.                                    | Carrefour S.A. EUR2.50                                                    | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |      2798 | NS      | $51807.36     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Prime Site AG                               | Swiss Prime Site AG CHF2.00 (REGD)                                        | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |       343 | NS      | $58076.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp.                                         | SMC Corp. NPV                                                             | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |       248 | NS      | $97537.98     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                                      | Centrica PLC ORD GBP0.061728395                                           | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |     22348 | NS      | $63276.96     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM-Kymmene Corporation                           | UPM-Kymmene Corporation NPV                                               | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |      2323 | NS      | $72709.36     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                            | EDP SA EUR1(REGD)                                                         | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |     13321 | NS      | $70490.73     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                     | AIB Group PLC ORD EUR0.625                                                | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |      9304 | NS      | $99321.26     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                                 | Sonova Holding AG CHF0.05 (REGD)                                          | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |       221 | NS      | $50390.97     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurofins Scientific SE                            | Eurofins Scientific SE EUR0.01                                            | CUSIP: 000000000<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |       553 | NS      | $40351.87     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                             | Woolworths Group Ltd. NPV                                                 | CUSIP: 000000000<br>LEI: QNWEWQBS7HP85QHXQL92 | Long             | EC               | CORP              | AU        |      5650 | NS      | $142675.17    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                      | Sun Hung Kai Properties Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |      6661 | NS      | $110911.23    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Financial Ltd.                            | Phoenix Financial Ltd. ILS1                                               | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |      1085 | NS      | $57932.59     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd, Hong Kong                          | AIA Group Ltd, Hong Kong NPV                                              | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     47600 | NS      | $528899.21    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizrahi Tefahot Bank Limited                      | Mizrahi Tefahot Bank Limited ILS0.01                                      | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |       681 | NS      | $49765.18     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Siena S.p.A.            | Banca Monte dei Paschi di Siena S.p.A. NPV (POST SPLT)                    | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |      9142 | NS      | $79768.80     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Daifuku Co Ltd.                                   | Daifuku Co Ltd. NPV                                                       | CUSIP: 000000000<br>LEI: 3538006FG1W4X3MYHL36 | Long             | EC               | CORP              | JP        |      1500 | NS      | $52963.62     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.              | Sumitomo Mitsui Financial Group Inc. NPV                                  | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |     16600 | NS      | $545813.39    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| JDE Peets N.V                                     | JDE Peets N.V EUR0.01                                                     | CUSIP: 000000000<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |       692 | NS      | $25571.97     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NIBE Industrier AB                                | NIBE Industrier AB SER'B'NPV                                              | CUSIP: 000000000<br>LEI: 549300ZQH0FIF1P0MX67 | Long             | EC               | CORP              | SE        |      6781 | NS      | $28333.98     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution AB                                      | Evolution AB NPV                                                          | CUSIP: 000000000<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |       634 | NS      | $39845.92     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV AG                                            | OMV AG NPV                                                                | CUSIP: 000000000<br>LEI: 549300V62YJ9HTLRI486 | Long             | EC               | CORP              | AT        |       627 | NS      | $45871.35     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta PLC                                   | Antofagasta PLC ORD GBP0.05                                               | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |      1838 | NS      | $82424.15     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Technologies Engineering Ltd.           | Singapore Technologies Engineering Ltd. NPV                               | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |      7200 | NS      | $61108.09     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Electric Co., Ltd.                           | Fuji Electric Co., Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 5299000HVNGZZTYYM906 | Long             | EC               | CORP              | JP        |       600 | NS      | $42031.24     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Lufthansa AG                             | Deutsche Lufthansa AG ORD NPV (REGD)(VINK)                                | CUSIP: 000000000<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |      2941 | NS      | $25044.92     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Investment AB Latour (publ)                       | Investment AB Latour (publ) SER'B'NPV                                     | CUSIP: 000000000<br>LEI: 5493006GFBLNB3Y0Y789 | Long             | EC               | CORP              | SE        |       649 | NS      | $13990.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vicinity Centres Re Ltd                           | Vicinity Centres Re Ltd NPV (STAPLED SECURITY)                            | CUSIP: 000000000<br>LEI: 549300S7GOEVR0EGFN47 | Long             | EC               | CORP              | AU        |     16563 | NS      | $27020.73     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB (publ)                                   | Tele2 AB (publ) SER'B'NPV                                                 | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | EC               | CORP              | SE        |      2545 | NS      | $52675.11     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Hikari Tsushin Inc                                | Hikari Tsushin Inc NPV                                                    | CUSIP: 000000000<br>LEI: 3538001SOIIV8U3OXH94 | Long             | EC               | CORP              | JP        |       100 | NS      | $25441.12     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                       | Equinor ASA NOK2.50                                                       | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |      3566 | NS      | $151927.25    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                                    | Commerzbank AG NPV                                                        | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | EC               | CORP              | DE        |      3362 | NS      | $122643.45    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Life PLC                                 | Standard Life PLC ORD GBP0.10                                             | CUSIP: 000000000<br>LEI: 2138001P49OLAEU33T68 | Long             | EC               | CORP              | GB        |      2925 | NS      | $26490.32     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| OTSUKA HOLDINGS COMPANY LTD                       | Otsuka Holdings Co Ltd. NPV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $141941.75    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                  | Severn Trent PLC ORD GBP0.9789                                            | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |      1289 | NS      | $52866.57     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                         | QIAGEN NV ORD SHARES                                                      | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |       977 | NS      | $39578.01     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kikkoman Corp                                     | Kikkoman Corp NPV                                                         | CUSIP: 000000000<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |      3000 | NS      | $27236.29     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Makita Corp.                                      | Makita Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |      1000 | NS      | $32866.36     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp.                                         | Kao Corp. NPV                                                             | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |      2200 | NS      | $85640.65     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMerieux SA                                     | BioMerieux SA NPV                                                         | CUSIP: 000000000<br>LEI: 549300AK8Y0LBIQ4T071 | Long             | EC               | CORP              | FR        |       172 | NS      | $18375.42     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CK ASSET HOLDINGS LTD                             | CK Asset Holdings Ltd. HKD1                                               | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |      9034 | NS      | $51690.67     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Seibu Holdings Inc                                | Seibu Holdings Inc NPV                                                    | CUSIP: 000000000<br>LEI: 353800JY9TYV9WTCN620 | Long             | EC               | CORP              | JP        |      1000 | NS      | $27938.77     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                               | EssilorLuxottica SA EUR0.18                                               | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      1365 | NS      | $318079.27    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                                          | Mowi ASA NOK7.50                                                          | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |      2201 | NS      | $50059.10     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                                      | Subaru Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |      2600 | NS      | $41889.62     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hensoldt AG                                       | Hensoldt AG NPV                                                           | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |       314 | NS      | $27867.62     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd.                                         | Xero Ltd. NPV                                                             | CUSIP: 000000000<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |       777 | NS      | $41064.32     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Sanso Holdings Corp.                       | Nippon Sanso Holdings Corp. NPV                                           | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |       800 | NS      | $28366.72     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INFRATIL LTD                                      | Infratil Ltd. ORD NPV                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |      4146 | NS      | $27956.04     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                               | MTU Aero Engines AG NPV (REGD)                                            | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |       248 | NS      | $90475.09     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| M3, Inc.                                          | M3, Inc. NPV                                                              | CUSIP: 000000000<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |      1900 | NS      | $19502.30     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                | CHF/USD FORWARD                                                           | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5700.59      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                     | Koninklijke Ahold Delhaize NV EUR0.01                                     | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      4102 | NS      | $191026.84    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Electric Industries Ltd.                 | Sumitomo Electric Industries Ltd. NPV                                     | CUSIP: 000000000<br>LEI: 5493005SP87FL5TOS202 | Long             | EC               | CORP              | JP        |      3300 | NS      | $187506.30    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                           | E.ON SE NPV                                                               | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     10255 | NS      | $224599.56    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bollore SE                                        | Bollore SE EUR0.16                                                        | CUSIP: 000000000<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |      3186 | NS      | $18217.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                    | Commonwealth Bank of Australia ORD NPV                                    | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |      7640 | NS      | $894696.08    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Minebea Mitsumi Inc.                              | Minebea Mitsumi Inc. NPV                                                  | CUSIP: 000000000<br>LEI: 353800CCB0CZ75YZ4010 | Long             | EC               | CORP              | JP        |      1600 | NS      | $26568.14     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE               | LVMH Moet Hennessy Louis Vuitton SE EUR0.30                               | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      1131 | NS      | $618260.72    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayvens SA                                         | Ayvens SA EUR1.5                                                          | CUSIP: 000000000<br>LEI: 969500E7V019H9NP7427 | Long             | EC               | CORP              | FR        |      1598 | NS      | $18840.60     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WH GROUP LTD                                      | WH Group Ltd. USD0.0001                                                   | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |     36872 | NS      | $48465.92     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc.                                      | Shimano Inc. NPV                                                          | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |       400 | NS      | $41761.15     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HOYA Corp.                                        | HOYA Corp. NPV                                                            | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      1500 | NS      | $260040.65    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                              | Evonik Industries AG NPV                                                  | CUSIP: 000000000<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |      1156 | NS      | $22683.81     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AEGON LTD                                         | Aegon Ltd. EUR0.12                                                        | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | BM        |      5731 | NS      | $41912.10     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                            | Koninklijke Philips NV EUR0.20                                            | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |      3491 | NS      | $95486.65     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| West Japan Railway Co.                            | West Japan Railway Co. NPV                                                | CUSIP: 000000000<br>LEI: 353800QGUXHZ7EBCR121 | Long             | EC               | CORP              | JP        |      1900 | NS      | $37448.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp.                                   | Advantest Corp. NPV                                                       | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |      3500 | NS      | $483023.35    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                          | Rolls-Royce Holdings PLC ORD GBP0.20                                      | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     38122 | NS      | $579165.63    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Hochtief AG                                       | Hochtief AG NPV                                                           | CUSIP: 000000000<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |        76 | NS      | $34570.23     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Associated British Foods PLC                      | Associated British Foods PLC ORD 5 15/22P                                 | CUSIP: 000000000<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |      1401 | NS      | $35070.33     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                           | Heidelberg Materials AG NPV                                               | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |       612 | NS      | $129154.33    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                   | Danske Bank A/S DKK10                                                     | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |      3061 | NS      | $150854.01    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Covivio SA                                        | Covivio SA EUR3                                                           | CUSIP: 000000000<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |       233 | NS      | $13924.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd.                                    | BHP Group Ltd. NPV                                                        | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     23186 | NS      | $838927.97    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi S.p.A.                                      | Buzzi S.p.A. NPV                                                          | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |       385 | NS      | $19464.45     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Origin Energy Ltd.                                | Origin Energy Ltd. NPV                                                    | CUSIP: 000000000<br>LEI: ZSN2LWNPYW6ISMRUC664 | Long             | EC               | CORP              | AU        |      8115 | NS      | $69830.86     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| D'Ieteren Group                                   | D'Ieteren Group NPV                                                       | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |        83 | NS      | $15367.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CSG NV                                            | CSG NV NPV                                                                | CUSIP: 000000000<br>LEI: 31570078IM9ILNPQUB16 | Long             | EC               | CORP              | NL        |       905 | NS      | $24414.67     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EMS-Chemie Holding AG                             | EMS-Chemie Holding AG CHF0.01 (REGD)                                      | CUSIP: 000000000<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |        29 | NS      | $22802.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                    | Fortescue Ltd. NPV                                                        | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |      7822 | NS      | $111773.26    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group N.V.                                     | NN Group N.V. EUR0.12                                                     | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |      1172 | NS      | $91528.41     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Saab AB                                           | Saab AB NPV B                                                             | CUSIP: 000000000<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |      1489 | NS      | $97454.70     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                   | London Stock Exchange Group PLC ORD GBP0.06918604                         | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      2128 | NS      | $251290.76    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                          | Bayer AG NPV (REGD)                                                       | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |      4486 | NS      | $207604.14    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                        | Vonovia SE NPV                                                            | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |      3459 | NS      | $86518.01     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipol Assicurazioni S.p.A.                       | Unipol Assicurazioni S.p.A. NPV                                           | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | EC               | CORP              | IT        |      1719 | NS      | $39932.67     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                                  | Sony Group Corp. NPV                                                      | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     28100 | NS      | $585680.90    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Rockwool A/S                                      | Rockwool A/S SER'B'DKK1                                                   | CUSIP: 000000000<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |       400 | NS      | $11109.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                     | Goodman Group NPV (STAPLED UNITS)                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      9341 | NS      | $167703.67    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                  | TotalEnergies SE EUR2.5                                                   | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      9069 | NS      | $832299.63    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| YOKOHAMA FINANCIAL GROUP INC                      | Yokohama Financial Group Inc. NPV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4500 | NS      | $40167.88     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                                   | Kerry Group PLC 'A'ORD EUR0.125                                           | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |       759 | NS      | $60431.40     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian S.p.A.                                   | Prysmian S.p.A. NPV                                                       | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |      1293 | NS      | $152691.77    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                             | Spotify Technology S.A. COM EUR0.000625                                   | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       730 | NS      | $353984.30    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Corp                                        | Tokyu Corp NPV                                                            | CUSIP: 000000000<br>LEI: 3538005PGNIBTZYXAE45 | Long             | EC               | CORP              | JP        |      2300 | NS      | $27149.35     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Helvetia Baloise Holding AG                       | Helvetia Baloise Holding AG CHF0.02 (REGD) POST SUBD                      | CUSIP: 000000000<br>LEI: 529900SUJBXTORH0LT80 | Long             | EC               | CORP              | CH        |       347 | NS      | $89807.15     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                          | Svenska Handelsbanken AB SER'A'NPV                                        | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |      6368 | NS      | $83953.96     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB (publ)           | Skandinaviska Enskilda Banken AB (publ) SER'A'NPV                         | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |      6941 | NS      | $128262.03    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co Ltd.                        | Seven & i Holdings Co Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |      9600 | NS      | $129116.63    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                  | Deutsche Bank AG ORD NPV(REGD)                                            | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |      8410 | NS      | $250282.33    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                       | Reckitt Benckiser Group PLC ORD GBP0.1041666666666667                     | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      2951 | NS      | $198426.25    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirin Holdings Co Ltd                             | Kirin Holdings Co Ltd NPV                                                 | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |      3700 | NS      | $58852.89     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| IHI Corp.                                         | IHI Corp. NPV                                                             | CUSIP: 000000000<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |      4800 | NS      | $99038.43     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Relx PLC                                          | Relx PLC ORD GBP0.1444                                                    | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      5252 | NS      | $172067.96    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Holmen AB                                         | Holmen AB SER'B'NPV                                                       | CUSIP: 000000000<br>LEI: 52990080SH3454F0QE68 | Long             | EC               | CORP              | SE        |       347 | NS      | $12443.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MTR Corp Ltd.                                     | MTR Corp Ltd. NPV                                                         | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | EC               | CORP              | HK        |      7396 | NS      | $30308.56     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                      | Unilever PLC ORD GBP0.035                                                 | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      4813 | NS      | $271740.11    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                                | Telstra Group Ltd. NPV                                                    | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |     18709 | NS      | $69066.32     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                                | Anglo American PLC ORD USD0.623855311355311                               | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |      5109 | NS      | $219357.95    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandai Namco Holdings Inc.                        | Bandai Namco Holdings Inc. NPV                                            | CUSIP: 000000000<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |      2700 | NS      | $66610.10     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CLP Holdings Ltd.                                 | CLP Holdings Ltd. NPV                                                     | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |      7000 | NS      | $65904.21     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                    | Atlas Copco AB SER'B'NPV                                                  | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |      7173 | NS      | $112130.23    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                     | Volkswagen AG NON VTG PRF NPV                                             | CUSIP: 000000000<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |       949 | NS      | $97075.58     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                 | HSBC Holdings PLC ORD USD0.50                                             | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     78380 | NS      | $1287202.88   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                           | DSV A/S DKK1                                                              | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |       931 | NS      | $224844.19    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital Inc.                        | Mitsubishi HC Capital Inc. NPV                                            | CUSIP: 000000000<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |      3900 | NS      | $34994.96     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Lifco AB                                          | Lifco AB SER'B'NPV                                                        | CUSIP: 000000000<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |      1067 | NS      | $32279.31     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                      | KBC Group NV NPV                                                          | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      1054 | NS      | $129001.17    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd                          | Mitsubishi Estate Co Ltd NPV                                              | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |      4900 | NS      | $136006.66    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                        | Skanska AB SER'B'NPV                                                      | CUSIP: 000000000<br>LEI: 549300UINV5RINHGMG07 | Long             | EC               | CORP              | SE        |      1493 | NS      | $40384.35     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeroports de Paris                                | Aeroports de Paris EUR3                                                   | CUSIP: 000000000<br>LEI: 969500PJMBSFHYC37989 | Long             | EC               | CORP              | FR        |       143 | NS      | $17469.90     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                                      | ITOCHU Corp. NPV                                                          | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     27000 | NS      | $343453.27    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Gecina SA                                         | Gecina SA EUR7.50                                                         | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               | CORP              | FR        |       205 | NS      | $16174.77     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| STMICROELECTRONICS NV                             | STMicroelectronics N.V. EUR1.04                                           | CUSIP: 000000000<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |      3118 | NS      | $106101.21    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA                         | Logitech International SA CHF0.25 (REGD)                                  | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |       660 | NS      | $61290.60     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                        | Tenaris SA USD1                                                           | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |      1809 | NS      | $52881.25     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding N.V.                             | Heineken Holding N.V. EUR1.60                                             | CUSIP: 000000000<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |       617 | NS      | $43909.58     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp.                                     | Keyence Corp. NPV                                                         | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       920 | NS      | $327434.78    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                      | Bankinter SA EUR0.30(REGD)                                                | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |      2974 | NS      | $47100.36     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TSURUHA HOLDINGS INC                              | Tsuruha Holdings Inc. NPV                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1100 | NS      | $17192.59     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exor Nv                                           | Exor Nv EUR0.01                                                           | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |       450 | NS      | $34446.50     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted A/S                                        | Orsted A/S DKK10                                                          | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |      2382 | NS      | $59071.29     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Secom Co Ltd                                      | Secom Co Ltd NPV                                                          | CUSIP: 000000000<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |      1900 | NS      | $72372.55     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui O.S.K. Lines Ltd.                          | Mitsui O.S.K. Lines Ltd. NPV                                              | CUSIP: 000000000<br>LEI: 353800P8O843TMAZ6S09 | Long             | EC               | CORP              | JP        |      1500 | NS      | $62341.20     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| EURONEXT                                          | EURONEXT EUR1.60                                                          | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |       347 | NS      | $55721.92     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group PLC                                 | Admiral Group PLC ORD GBP0.001                                            | CUSIP: 000000000<br>LEI: 213800FGVM7Z9EJB2685 | Long             | EC               | CORP              | GB        |      1231 | NS      | $51487.52     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PRO Medicus Ltd.                                  | PRO Medicus Ltd. NPV                                                      | CUSIP: 000000000<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |       255 | NS      | $21016.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LY Corporation                                    | LY Corporation NPV                                                        | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |     12300 | NS      | $29656.95     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Neste Oyj                                         | Neste Oyj NPV                                                             | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |      2016 | NS      | $65515.06     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc.                                 | Ajinomoto Co Inc. NPV                                                     | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |      4200 | NS      | $118739.20    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Adidas AG                                         | Adidas AG NPV (REGD)                                                      | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |       783 | NS      | $126733.82    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                             | Westpac Banking Corp. NPV                                                 | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |     15519 | NS      | $428871.75    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Corp.                                       | Ebara Corp. NPV                                                           | CUSIP: 000000000<br>LEI: 353800UV8U3SOMCDTI49 | Long             | EC               | CORP              | JP        |      2200 | NS      | $62277.90     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings Inc.                              | Nomura Holdings Inc. NPV                                                  | CUSIP: 000000000<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |     13800 | NS      | $108661.73    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab As                                         | Genmab As DKK1                                                            | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |       266 | NS      | $71639.52     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CAR Group Limited                                 | CAR Group Limited NPV                                                     | CUSIP: 000000000<br>LEI: 5299009TFWZGH2AN7D11 | Long             | EC               | CORP              | AU        |      1639 | NS      | $26163.96     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Zensho Holdings Co., Ltd.                         | Zensho Holdings Co., Ltd. NPV                                             | CUSIP: 000000000<br>LEI: 353800DYF3UDM49ITT03 | Long             | EC               | CORP              | JP        |       400 | NS      | $23353.13     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson (publ)            | Telefonaktiebolaget LM Ericsson (publ) SER'B'NPV                          | CUSIP: 000000000<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |     12851 | NS      | $146504.43    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International N.V.                            | ASM International N.V. EUR0.04                                            | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |       215 | NS      | $162959.85    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                          | CapitaLand Ascendas REIT NPV(REAL ESTATE INVESTMENT TRUSTS)               | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               | CORP              | SG        |     17290 | NS      | $33368.91     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeon Co Ltd.                                      | Aeon Co Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |     10200 | NS      | $121950.63    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Fanuc Corp.                                       | Fanuc Corp. NPV                                                           | CUSIP: 000000000<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |      4300 | NS      | $149884.85    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd.                     | Sumitomo Metal Mining Co Ltd. NPV                                         | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |      1100 | NS      | $64023.52     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                       | Investor AB SER'B'NPV                                                     | CUSIP: 000000000<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |      8285 | NS      | $313792.20    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Medibank Pvt Ltd.                                 | Medibank Pvt Ltd. NPV                                                     | CUSIP: 000000000<br>LEI: BDYVSUPTML83OLINBJ17 | Long             | EC               | CORP              | AU        |     11857 | NS      | $35876.71     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nidec Corp.                                       | Nidec Corp. NPV                                                           | CUSIP: 000000000<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |      3600 | NS      | $45713.58     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sembcorp Industries Ltd.                          | Sembcorp Industries Ltd. NPV                                              | CUSIP: 000000000<br>LEI: 254900J0FF14U6TPQM96 | Long             | EC               | CORP              | SG        |      3700 | NS      | $19214.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia S.p.A.                             | Telecom Italia S.p.A. NPV                                                 | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | EC               | CORP              | IT        |     55848 | NS      | $39211.09     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd.                                      | South32 Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |     18388 | NS      | $55678.97     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tryg AS                                           | Tryg AS DKK5                                                              | CUSIP: 000000000<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |      1610 | NS      | $38374.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SCENTRE GROUP LTD                                 | Scentre Group Ltd. NPV STAPLED UNIT                                       | CUSIP: 000000000<br>LEI: 529900TUCASM3W86E831 | Long             | EC               | CORP              | AU        |     24448 | NS      | $56409.56     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX Ltd.                                          | ASX Ltd. NPV                                                              | CUSIP: 000000000<br>LEI: 549300VSBVYUCBIQKT71 | Long             | EC               | CORP              | AU        |       928 | NS      | $33670.15     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone Oyj                                          | Kone Oyj SER'B'NPV                                                        | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      1564 | NS      | $99846.91     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Orkla ASA                                         | Orkla ASA NOK1.25                                                         | CUSIP: 000000000<br>LEI: 549300PZS8G8RG6RVZ52 | Long             | EC               | CORP              | NO        |      3112 | NS      | $39163.38     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                              | Banca Mediolanum SpA NPV                                                  | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |       987 | NS      | $19997.82     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                | Vodafone Group PLC ORD USD0.2095238                                       | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     88505 | NS      | $133496.70    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel, S.A.                                       | Rexel, S.A. EUR5                                                          | CUSIP: 000000000<br>LEI: 969500N6AVPA51648T62 | Long             | EC               | CORP              | FR        |      1004 | NS      | $39784.53     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                      | British American Tobacco PLC ORD GBP0.25                                  | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      9902 | NS      | $574898.52    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Taisei Corp.                                      | Taisei Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |       700 | NS      | $72521.22     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TOPPAN Holdings Inc                               | TOPPAN Holdings Inc NPV                                                   | CUSIP: 890747108<br>LEI: 3538003H9W4KIDODQY20 | Long             | EC               | CORP              | JP        |      1000 | NS      | $26374.69     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG            | Chocoladefabriken Lindt & Spruengli AG CHF100 (REGD)                      | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |         1 | NS      | $143131.68    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp.                                     | Olympus Corp. NPV                                                         | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |      5000 | NS      | $47636.65     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                      | Ferrovial SE EUR0.01                                                      | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |      2351 | NS      | $152947.68    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                          | Lloyds Banking Group PLC ORD GBP0.1                                       | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    268874 | NS      | $333251.83    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Novonesis (Novozymes) B                           | Novonesis (Novozymes) B SER'B'DKK2                                        | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |      1545 | NS      | $91790.28     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                         | KDDI Corp NPV                                                             | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     13400 | NS      | $228158.19    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Geberit AG                                        | Geberit AG CHF0.10 (REGD)                                                 | CUSIP: 000000000<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |       156 | NS      | $105304.74    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co.                         | Central Japan Railway Co. NPV                                             | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |      3600 | NS      | $93604.29     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Insurance Australia Group Ltd.                    | Insurance Australia Group Ltd. NPV                                        | CUSIP: 000000000<br>LEI: 549300PFEWKNHRG25N08 | Long             | EC               | CORP              | AU        |     10138 | NS      | $51341.19     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                 | ASML Holding N.V. EUR0.09                                                 | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1771 | NS      | $2354999.03   | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd.                                      | Hitachi Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     20900 | NS      | $613111.76    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA                              | Banco de Sabadell SA EUR0.125                                             | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |     23180 | NS      | $83037.62     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORP                                        | DISCO Corp. NPV                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       400 | NS      | $163033.32    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                            | Standard Chartered PLC ORD USD0.50                                        | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |      8876 | NS      | $184974.52    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                         | Sanofi SA EUR2                                                            | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      5008 | NS      | $483621.70    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| BKW AG                                            | BKW AG CHF2.50                                                            | CUSIP: 000000000<br>LEI: 549300IE30SKTUO98Q38 | Long             | EC               | CORP              | CH        |        82 | NS      | $16167.10     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd.                      | Northern Star Resources Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |      6260 | NS      | $91000.33     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                   | Sands China Ltd. USD0.01                                                  | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |     11200 | NS      | $23870.98     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International                              | Hermes International NPV                                                  | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       144 | NS      | $272786.63    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN N.V.                              | Koninklijke KPN N.V. EUR0.04                                              | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |     18067 | NS      | $100698.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| FUTU HOLDINGS LTD                                 | Futu Holdings Ltd. SPON ADS CL A                                          | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |       250 | NS      | $34190.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo PLC                                         | Sampo PLC NPV A                                                           | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |     11050 | NS      | $117529.26    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Ltd.                           | Singapore Exchange Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |      3700 | NS      | $56444.01     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DHL GROUP                                         | DHL GROUP                                                                 | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      4169 | NS      | $219735.19    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch Inbev SA/NV                        | Anheuser-Busch Inbev SA/NV NPV                                            | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      4495 | NS      | $310991.51    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Co Ltd.                                     | Hulic Co Ltd. NPV                                                         | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |      2300 | NS      | $26810.10     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunbelt Rentals Holdings Inc.                     | Sunbelt Rentals Holdings Inc. SHS                                         | CUSIP: 866966104<br>LEI: 529900W4BQDNMAOSRA49 | Long             | EC               | CORP              | US        |      1941 | NS      | $123819.02    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Tobacco Inc                                 | Japan Tobacco Inc NPV                                                     | CUSIP: 000000000<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |      5500 | NS      | $211001.28    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Limited                                      | Nice Limited ILS1                                                         | CUSIP: 000000000<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |       267 | NS      | $29479.09     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| The Sage Group PLC                                | The Sage Group PLC GBP0.01051948                                          | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |      4511 | NS      | $50547.53     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                                  | Smiths Group PLC ORD GBP0.375                                             | CUSIP: 000000000<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |      1404 | NS      | $42844.77     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                                  | Pernod Ricard SA EUR1.55                                                  | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |       884 | NS      | $65735.90     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Idemitsu Kosan Co.,Ltd.                           | Idemitsu Kosan Co.,Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 549300P0R46FF6DUA630 | Long             | EC               | CORP              | JP        |      3280 | NS      | $32201.46     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd.                            | Daikin Industries Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |      1200 | NS      | $143936.34    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                      | UBS Group AG USD0.10 (REGD)                                               | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     14374 | NS      | $560491.07    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                         | Halma PLC ORD GBP0.10                                                     | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |      1768 | NS      | $90222.40     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                         | Talanx AG NPV                                                             | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |       287 | NS      | $35613.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                          | Infineon Technologies AG ORD NPV (REGD)                                   | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      5946 | NS      | $269747.04    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                   | Mitsubishi Chemical Group Corp. NPV                                       | CUSIP: 000000000<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |      5600 | NS      | $32738.32     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                       | Italgas SpA NPV                                                           | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |      2761 | NS      | $32162.85     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD           | Yangzijiang Shipbuilding Holdings Ltd. NPV (SGD)                          | CUSIP: 000000000<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | SG        |     11200 | NS      | $33268.38     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                         | Argenx SE EUR0.10                                                         | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       280 | NS      | $203206.94    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tower Semiconductor Limited                       | Tower Semiconductor Limited ORD ILS1                                      | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |       510 | NS      | $90206.57     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems AS                            | Vestas Wind Systems AS DKK0.20                                            | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |      4641 | NS      | $140023.34    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA      | International Consolidated Airlines Group S.A. ORD EUR0.10 (CDI)          | CUSIP: 000000000<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | ES        |      5483 | NS      | $26024.03     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawasaki Kisen Kaisha Ltd.                        | Kawasaki Kisen Kaisha Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 353800FL04R73DS5P870 | Long             | EC               | CORP              | JP        |      1400 | NS      | $23646.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                     | Magnum Ice Cream Co. NV (The) ORD EUR3.50 (DI)                            | CUSIP: 000000000<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |      1083 | NS      | $15910.19     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                     | Magnum Ice Cream Co. NV (The) ORD EUR3.50 (DI)                            | CUSIP: 000000000<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |       973 | NS      | $14279.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tisi Inc.                                         | Tisi Inc. NPV                                                             | CUSIP: 000000000<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |       900 | NS      | $19243.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Elbit Systems Ltd                                 | Elbit Systems Ltd ILS1                                                    | CUSIP: 000000000<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |       130 | NS      | $109604.53    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubu Electric Power Co Inc.                      | Chubu Electric Power Co Inc. NPV                                          | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |      3200 | NS      | $52758.12     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                         | Orange SA EUR4                                                            | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |      8541 | NS      | $175116.63    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Computershare Ltd.                                | Computershare Ltd. NPV                                                    | CUSIP: 000000000<br>LEI: 21380085HOKTMGLV9G93 | Long             | EC               | CORP              | AU        |      2288 | NS      | $45125.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                  | Roche Holding AG CHF0.001 (BR)                                            | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       150 | NS      | $62154.34     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit S.p.A.                                  | UniCredit S.p.A. NPV                                                      | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |      6353 | NS      | $455788.41    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                        | Zalando SE NPV                                                            | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |       991 | NS      | $24210.86     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola, S.A.                                   | Iberdrola, S.A. EUR0.75                                                   | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     29385 | NS      | $672745.10    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                  | Transurban Group STAPLED UNITS NPV                                        | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |     14288 | NS      | $139377.19    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       858 | NS      | $251347.14    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo S.A.                                       | Sodexo S.A. EUR4                                                          | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |       410 | NS      | $21046.15     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd.                            | Lynas Rare Earths Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |      4367 | NS      | $59292.80     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Barratt Redrow PLC                                | Barratt Redrow PLC ORD GBP0.10                                            | CUSIP: 000000000<br>LEI: 2138006R85VEOF5YNK29 | Long             | EC               | CORP              | GB        |      5811 | NS      | $20211.15     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                         | Zurich Insurance Group AG CHF0.10                                         | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |       686 | NS      | $484877.52    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                    | Continental AG NPV                                                        | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |       505 | NS      | $35252.62     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                   | Norsk Hydro ASA NOK1.098                                                  | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |      6136 | NS      | $65399.92     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Land Securities Group PLC                         | Land Securities Group PLC ORD GBP0.106666666                              | CUSIP: 000000000<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               | CORP              | GB        |      3488 | NS      | $25728.34     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.                     | Chugai Pharmaceutical Co Ltd. NPV                                         | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |      3100 | NS      | $170960.30    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co Ltd.                                  | Shiseido Co Ltd. NPV                                                      | CUSIP: 000000000<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |      2000 | NS      | $40860.47     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc.                       | Mizuho Financial Group Inc. NPV                                           | CUSIP: 000000000<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     11308 | NS      | $457790.41    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                            | Intesa Sanpaolo S.p.A. NPV                                                | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     63126 | NS      | $381778.76    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp.                                    | Unicharm Corp. NPV                                                        | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |      5100 | NS      | $29901.70     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                               | Erste Group Bank AG NPV                                                   | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      1409 | NS      | $152207.62    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                            | Yara International ASA NOK1.7                                             | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |       710 | NS      | $41502.64     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler S.p.A.                                    | Moncler S.p.A. NPV                                                        | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |      1090 | NS      | $65627.33     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Meridian Energy Ltd.                              | Meridian Energy Ltd. NPV                                                  | CUSIP: 000000000<br>LEI: 254900IFKXIGNCY3A092 | Long             | EC               | CORP              | NZ        |      5266 | NS      | $16855.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WHARF REAL ESTATE INVESTMENT CO LTD               | Wharf Real Estate Investment Co Ltd. HKD0.1                               | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |      7000 | NS      | $20370.97     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB (publ)                          | Industrivarden AB (publ) SER'A'NPV                                        | CUSIP: 000000000<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |       513 | NS      | $25550.57     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co Ltd.                                  | Mitsui & Co Ltd. NPV                                                      | CUSIP: 000000000<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |     11200 | NS      | $432909.92    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                           | Sika AG CHF0.01 (REG)                                                     | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |       699 | NS      | $115697.27    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken N.V.                                     | Heineken N.V. EUR1.60                                                     | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      1324 | NS      | $101839.85    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Corp                                        | Nokia Corp NPV                                                            | CUSIP: 000000000<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     24265 | NS      | $194654.36    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp.                                 | Bridgestone Corp. NPV                                                     | CUSIP: 000000000<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |      5200 | NS      | $108359.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| FERRARI NV                                        | Ferrari N V COM EUR0.01                                                   | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |       575 | NS      | $195099.78    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| LOTTERY CORP LTD (THE)                            | Lottery Corporation Ltd NPV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      9935 | NS      | $37102.74     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd                                  | Osaka Gas Co Ltd NPV                                                      | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |      1700 | NS      | $68857.69     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Autotrader Group PLC                              | Autotrader Group PLC ORD GBP0.01                                          | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |      3774 | NS      | $23621.78     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield SE                      | Unibail-Rodamco-Westfield SE NPV (1 ORD UNIBAIL-R & 1CLASS A WFD)         | CUSIP: 000000000<br>LEI: 969500SHQITWXSIS7N89 | Long             | EC               | CORP              | FR        |       537 | NS      | $59244.84     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawasaki Heavy Industries Ltd                     | Kawasaki Heavy Industries Ltd NPV                                         | CUSIP: 000000000<br>LEI: 5493008FFSI8SQ74AT93 | Long             | EC               | CORP              | JP        |      3500 | NS      | $65825.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ANA Holdings Inc.                                 | ANA Holdings Inc. NPV                                                     | CUSIP: 000000000<br>LEI: 5493008IRKIY0G3TE305 | Long             | EC               | CORP              | JP        |       800 | NS      | $14327.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                                         | Amundi SA EUR2.5                                                          | CUSIP: 000000000<br>LEI: 96950010FL2T1TJKR531 | Long             | EC               | CORP              | FR        |       290 | NS      | $24921.96     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresnillo PLC                                     | Fresnillo PLC ORD USD0.50                                                 | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | GB        |      1059 | NS      | $46941.25     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House Industry Co Ltd.                      | Daiwa House Industry Co Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      2600 | NS      | $81569.70     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd.                                  | Coles Group Ltd. NPV                                                      | CUSIP: 000000000<br>LEI: 549300OHQRG2HN8LZ793 | Long             | EC               | CORP              | AU        |      6237 | NS      | $94582.64     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                                    | Rheinmetall AG NPV                                                        | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       209 | NS      | $352538.32    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                              | Schindler Holding AG CHF0.10 (REGD)                                       | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |       105 | NS      | $33070.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Banque Cantonale Vaudoise                         | Banque Cantonale Vaudoise CHF1 (REGD)                                     | CUSIP: 000000000<br>LEI: K1MOBB3OPSBBQO554R76 | Long             | EC               | CORP              | CH        |       130 | NS      | $21143.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech SA                       | Sartorius Stedim Biotech SA EUR0.20                                       | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |       129 | NS      | $25124.33     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui House Ltd                                 | Sekisui House Ltd NPV                                                     | CUSIP: 000000000<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |      2600 | NS      | $58258.40     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Rentokil Initial PLC                              | Rentokil Initial PLC ORD GBP0.01                                          | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |     11821 | NS      | $73360.27     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp                                     | SoftBank Corp NPV                                                         | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |    131200 | NS      | $175561.79    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                | Banco Santander SA EUR0.50(REGD)                                          | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     67348 | NS      | $755019.48    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                    | ING Groep N.V. EUR0.01                                                    | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     13233 | NS      | $343484.76    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd.                            | Fast Retailing Co Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |       900 | NS      | $355595.77    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd.                                      | South32 Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |      2925 | NS      | $8795.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                         | BlackRock Liquidity Funds FEDFUND INSTL                                   | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    997945 | NS      | $997944.57    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Demant A/S                                        | Demant A/S DKK0.20                                                        | CUSIP: 000000000<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |       503 | NS      | $15242.68     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Contact Energy Ltd                                | Contact Energy Ltd NPV                                                    | CUSIP: 000000000<br>LEI: 549300FT5JOXS1PZ1I32 | Long             | EC               | CORP              | NZ        |      4304 | NS      | $22876.85     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                           | GSK plc ORD GBP0.3125                                                     | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     18430 | NS      | $507663.16    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER Banca S.p.A.                                 | BPER Banca S.p.A. NPV                                                     | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |      6823 | NS      | $89416.91     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf (Holdings) Ltd. The                         | Wharf (Holdings) Ltd. The NPV                                             | CUSIP: 000000000<br>LEI: 254900JCV4TBBPX9IW91 | Long             | EC               | CORP              | HK        |      4000 | NS      | $11039.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                                         | Bunzl PLC ORD GBP0.32142857                                               | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |      1435 | NS      | $43201.31     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila Oyj Abp                                  | Wartsila Oyj Abp NPV                                                      | CUSIP: 000000000<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |      2189 | NS      | $81535.86     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Trelleborg AB                                     | Trelleborg AB SER'B'NPV                                                   | CUSIP: 000000000<br>LEI: 213800XY16PAWG2PAD14 | Long             | EC               | CORP              | SE        |       941 | NS      | $35192.97     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| East Japan Railway Co.                            | East Japan Railway Co. NPV                                                | CUSIP: 000000000<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |      4400 | NS      | $100634.42    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.               | Mitsubishi UFJ Financial Group Inc. NPV                                   | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     51500 | NS      | $872097.65    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Cochlear Ltd                                      | Cochlear Ltd ORD NPV                                                      | CUSIP: 000000000<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |       282 | NS      | $33183.13     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis N.V                                    | Stellantis N.V COM EUR0.01                                                | CUSIP: 000000000<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | EC               | CORP              | NL        |      4149 | NS      | $29931.07     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Grifols S.A.                                      | Grifols S.A. EUR0.25 (CLASS A) POST SUBD                                  | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | EC               | CORP              | ES        |      1135 | NS      | $11874.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ibiden Co Ltd.                                    | Ibiden Co Ltd. NPV                                                        | CUSIP: 000000000<br>LEI: 52990051DBFIQEY37C91 | Long             | EC               | CORP              | JP        |      1100 | NS      | $55044.56     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                    | BAWAG Group AG NPV                                                        | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |       349 | NS      | $53057.61     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                                    | Prudential PLC GBP0.05                                                    | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |     11714 | NS      | $162861.10    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                        | Shin-Etsu Chemical Co Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |      7700 | NS      | $313534.86    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.               | Teva Pharmaceutical Industries Ltd. ILS0.10                               | CUSIP: 000000000<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |      4764 | NS      | $142931.32    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Paint Holdings Co Ltd.                     | Nippon Paint Holdings Co Ltd. NPV                                         | CUSIP: 000000000<br>LEI: 529900RYRJUN78A7PL87 | Long             | EC               | CORP              | JP        |      4200 | NS      | $26336.28     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                    | BNP Paribas SA EUR2                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      4559 | NS      | $434306.85    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Coloplast AS                                      | Coloplast AS SER'B'DKK1                                                   | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |       548 | NS      | $37329.18     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd.                           | Aristocrat Leisure Ltd. NPV                                               | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |      2575 | NS      | $81847.05     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Swisscom AG                                       | Swisscom AG CHF1(REGD)                                                    | CUSIP: 000000000<br>LEI: 5493005SL9HHOXS3B739 | Long             | EC               | CORP              | CH        |       119 | NS      | $99860.46     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Electric Power Co Inc                      | Kansai Electric Power Co Inc NPV                                          | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |      4100 | NS      | $68166.91     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd.                 | Oversea-Chinese Banking Corp Ltd. NPV                                     | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |     15391 | NS      | $263613.37    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin    | Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION) | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      3094 | NS      | $105997.04    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Ltd.                  | Mitsubishi Heavy Industries Ltd. NPV                                      | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |     14500 | NS      | $398411.57    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                      | Klepierre SA EUR1.40                                                      | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |       914 | NS      | $34313.56     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                         | Holcim AG CHF2 (REGD)                                                     | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |      2326 | NS      | $192271.71    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Land Co Ltd.                                 | Sino Land Co Ltd. NPV                                                     | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |     17633 | NS      | $25838.29     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                         | Bank of Ireland Group PLC ORD EUR1.00                                     | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |      4433 | NS      | $80428.99     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom S.A.U                             | Cellnex Telecom S.A.U EUR0.25                                             | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |      2182 | NS      | $70161.63     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SGH Ltd.                                          | SGH Ltd. NPV                                                              | CUSIP: 000000000<br>LEI: 254900DME8O9GCK94794 | Long             | EC               | CORP              | AU        |       875 | NS      | $24894.62     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Eisai Co Ltd.                                     | Eisai Co Ltd. NPV                                                         | CUSIP: 000000000<br>LEI: 353800HDEE0ZYEX4QV91 | Long             | EC               | CORP              | JP        |      1200 | NS      | $37568.19     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Aviation SA                              | Dassault Aviation SA EUR0.80                                              | CUSIP: 000000000<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |        89 | NS      | $33126.04     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                     | Assa Abloy AB SER'B'NPV                                                   | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |      4581 | NS      | $165593.49    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Corp.                                      | Otsuka Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 529900RG9DJ58J3UIE72 | Long             | EC               | CORP              | JP        |      1000 | NS      | $19144.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings Inc                                  | SBI Holdings Inc NPV                                                      | CUSIP: 000000000<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |      2420 | NS      | $44809.57     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Accor SA                                          | Accor SA EUR3                                                             | CUSIP: 000000000<br>LEI: 969500QZC2Q0TK11NV07 | Long             | EC               | CORP              | FR        |       883 | NS      | $42351.49     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Auckland International Airport Ltd.               | Auckland International Airport Ltd. NPV                                   | CUSIP: 000000000<br>LEI: 549300HFZIZDJWB7AK60 | Long             | EC               | CORP              | NZ        |      8144 | NS      | $37299.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wise PLC                                          | Wise PLC CLS A ORD GBP0.01                                                | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |      2843 | NS      | $34235.93     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Stora Enso Oyj                                    | Stora Enso Oyj SER'R'NPV                                                  | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |      2435 | NS      | $28593.97     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp.                                      | Sysmex Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |      2300 | NS      | $20058.04     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins - S.G.P.S., S.A.                 | Jeronimo Martins - S.G.P.S., S.A. EUR1                                    | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |      1244 | NS      | $29745.72     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co Ltd.                            | Daiichi Sankyo Co Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |      8200 | NS      | $146703.45    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                      | Glencore PLC ORD USD0.01                                                  | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |     45797 | NS      | $346860.68    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Barry Callebaut AG                                | Barry Callebaut AG CHF0.02 (REGD)                                         | CUSIP: 000000000<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |        18 | NS      | $31654.72     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Telecommunications Ltd.                 | Singapore Telecommunications Ltd. NPV(BOARD LOT 100)                      | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     34200 | NS      | $131405.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Assicurazioni Generali S.p.A.                     | Assicurazioni Generali S.p.A. NPV                                         | CUSIP: 000000000<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |      3902 | NS      | $156983.34    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                                       | Givaudan SA CHF10                                                         | CUSIP: 000000000<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |        42 | NS      | $142023.10    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                           | Eni SpA NPV                                                               | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |      9350 | NS      | $265855.95    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                        | Siemens AG NPV(REGD)                                                      | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      3469 | NS      | $845166.66    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC INTERNATIONAL HOLDINGS COMPANY LTD           | SITC International Holdings Co Ltd. HKD0.10                               | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | KY        |      6000 | NS      | $26271.14     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                                 | LEG Immobilien SE NPV                                                     | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |       357 | NS      | $23319.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp.                                      | Terumo Corp. NPV                                                          | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |      5700 | NS      | $76578.12     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| OBIC CO LTD                                       | OBIC Co Ltd. NPV                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1366 | NS      | $33154.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Group Inc.                                | Rakuten Group Inc. NPV                                                    | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | EC               | CORP              | JP        |      7200 | NS      | $33656.76     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                 | Airtel Africa PLC ORD USD0.5                                              | CUSIP: 000000000<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |      4133 | NS      | $19058.68     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                      | Unilever PLC ORD GBP0.035                                                 | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      5146 | NS      | $282512.26    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfa Laval AB                                     | Alfa Laval AB NPV                                                         | CUSIP: 000000000<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |      1254 | NS      | $68593.76     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| DnB Bank ASA                                      | DnB Bank ASA NOK12.50                                                     | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |      4075 | NS      | $127501.28    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp.                               | Toyota Tsusho Corp. NPV                                                   | CUSIP: 000000000<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |      3200 | NS      | $124021.68    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd.                      | Murata Manufacturing Co Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |      7600 | NS      | $170522.93    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Naturgy Energy Group SA                           | Naturgy Energy Group SA EUR1                                              | CUSIP: 000000000<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |      1173 | NS      | $35115.53     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp.                                  | Mitsubishi Corp. NPV                                                      | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     14600 | NS      | $500867.14    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                               | Amadeus IT Group SA EUR0.01                                               | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |      2064 | NS      | $118021.11    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JX Advanced Metals Corp.                          | JX Advanced Metals Corp. ORD SHS                                          | CUSIP: 000000000<br>LEI: 353800NC6NPNKC4JEC58 | Long             | EC               | CORP              | JP        |      2700 | NS      | $59842.28     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                               | Deutsche Telekom AG NPV(REGD)                                             | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     16670 | NS      | $622178.86    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                    | Atlas Copco AB SER'A'NPV                                                  | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     12246 | NS      | $216103.04    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Eneos Holdings Inc                                | Eneos Holdings Inc NPV                                                    | CUSIP: 000000000<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |     12590 | NS      | $113437.60    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                          | CapitaLand Ascendas REIT SUBS RTS                                         | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               | CORP              | SG        |       484 | NS      | $49.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                   | Nordea Bank ABP NPV                                                       | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |      1029 | NS      | $17718.52     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                 | Compass Group PLC ORD GBP0.1105                                           | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |      7731 | NS      | $215702.08    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SEGRO PLC                                         | SEGRO PLC ORD GBP0.10                                                     | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |      5560 | NS      | $47663.44     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss RE AG                                       | Swiss RE AG CHF0.10                                                       | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |      1362 | NS      | $228784.99    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| LASERTEC CORP                                     | Lasertec Corp. NPV                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       400 | NS      | $89029.43     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                          | Panasonic Holdings Corp. NPV                                              | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |     10700 | NS      | $179453.56    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Denko Corp.                                 | Nitto Denko Corp. NPV                                                     | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |      3200 | NS      | $64013.53     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                              | Henkel AG & Co. KGaA NPV(BR)                                              | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |       470 | NS      | $33760.29     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                                | Kingspan Group PLC ORD EUR0.13                                            | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |       670 | NS      | $57291.63     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitaland Investment Ltd.                        | Capitaland Investment Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |     10407 | NS      | $22152.34     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                      | Barclays PLC ORD GBP0.25                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     63366 | NS      | $331624.94    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| CK HUTCHISON HOLDINGS LTD                         | CK Hutchison Holdings Ltd. HKD1                                           | CUSIP: 000000000<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |     11628 | NS      | $89256.83     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                         | Fresenius Medical Care AG NPV                                             | CUSIP: 000000000<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |      1043 | NS      | $47266.19     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group Inc.                         | Sony Financial Group Inc. NPV                                             | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     26200 | NS      | $24000.62     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KYOCERA CORP                                      | KYOCERA Corp. NPV                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $92001.27     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sofina SA                                         | Sofina SA NPV                                                             | CUSIP: 000000000<br>LEI: 5493000GMVR38VUO5D39 | Long             | EC               | CORP              | BE        |        70 | NS      | $16997.79     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                         | Thales SA EUR3                                                            | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |       426 | NS      | $124922.45    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BPM S.p.A.                                  | Banco BPM S.p.A. NPV                                                      | CUSIP: 000000000<br>LEI: 815600E4E6DCD2D25E30 | Long             | EC               | CORP              | IT        |      5014 | NS      | $69747.19     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd.                             | Sonic Healthcare Ltd. NPV                                                 | CUSIP: 000000000<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |      2111 | NS      | $29994.75     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                           | Fresenius SE & Co. KGaA NPV                                               | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      1943 | NS      | $100833.47    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion PLC                             | JD Sports Fashion PLC ORD GBP0.0005                                       | CUSIP: 000000000<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |     12768 | NS      | $12109.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd.                             | Evolution Mining Ltd. NPV                                                 | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |      9441 | NS      | $85013.48     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Marubeni Corp.                                    | Marubeni Corp. NPV                                                        | CUSIP: 000000000<br>LEI: 4P4N3ORD02UGQT1T1W12 | Long             | EC               | CORP              | JP        |      6400 | NS      | $234124.44    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering S.A.                                       | Kering S.A. EUR4                                                          | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |       342 | NS      | $103852.94    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Groupe Bruxelles Lambert SA                       | Groupe Bruxelles Lambert SA NPV                                           | CUSIP: 000000000<br>LEI: 549300KV0ZEHT2KVU152 | Long             | EC               | CORP              | BE        |       362 | NS      | $32929.14     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Ltd.                                       | Santos Ltd. NPV                                                           | CUSIP: 000000000<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |     14114 | NS      | $77253.62     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam S.p.A.                                       | Snam S.p.A. NPV                                                           | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |      9461 | NS      | $71671.19     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                        | Sandvik AB NPV                                                            | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |      4831 | NS      | $185712.58    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE' CAPITAL MARKETS SA                        | Nestle SA CHF0.10 (REGD)                                                  | CUSIP: 000000000<br>LEI: 549300PZN3NFSOUXLC42 | Long             | EC               | CORP              | CH        |     11759 | NS      | $1153452.69   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Verisure Plc                                      | Verisure Plc ORD EUR 0.001                                                | CUSIP: 000000000<br>LEI: 636700ZY9PP0NGXTA943 | Long             | EC               | CORP              | GB        |      1171 | NS      | $12155.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries PLC                            | Melrose Industries PLC ORD GBP0.001                                       | CUSIP: 000000000<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |      5485 | NS      | $37167.45     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryohin Keikaku Co Ltd.                            | Ryohin Keikaku Co Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 549300PMNF56J66BY371 | Long             | EC               | CORP              | JP        |      2200 | NS      | $46947.14     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Galderma Group AG                                 | Galderma Group AG CHF0.01                                                 | CUSIP: 000000000<br>LEI: 89450001OK6O8ELQ4584 | Long             | EC               | CORP              | CH        |       747 | NS      | $146810.76    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                           | BASF SE NPV                                                               | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |      4070 | NS      | $250672.98    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| WHITBREAD PLC                                     | Whitbread Group PLC ORD GBP0.76797385                                     | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |       715 | NS      | $21982.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRAB HOLDINGS LTD                                 | Grab Holdings Ltd. CLASS A ORD                                            | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |     11100 | NS      | $40626.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokogawa Electric Corporation                     | Yokogawa Electric Corporation NPV                                         | CUSIP: 000000000<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |      1100 | NS      | $33994.14     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades De Construccion Y Servicios S.A.  | ACS Actividades De Construccion Y Servicios S.A. EUR0.5                   | CUSIP: 000000000<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |       785 | NS      | $95734.95     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                              | Galp Energia SGPS SA EUR1                                                 | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |      1785 | NS      | $42800.01     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                      | 3i Group PLC ORD GBP0.738636                                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      4535 | NS      | $147800.22    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                          | Adyen NV EUR0.01                                                          | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |       115 | NS      | $115097.80    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Henderson Land Development Co Ltd.                | Henderson Land Development Co Ltd. NPV                                    | CUSIP: 000000000<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |      6891 | NS      | $25601.48     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                  | Coca-Cola HBC AG ORD CHF6.70(CDI)                                         | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |      1031 | NS      | $58075.41     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOZO Inc.                                         | ZOZO Inc. NPV                                                             | CUSIP: 000000000<br>LEI: 549300GC7XPQMZA0OW13 | Long             | EC               | CORP              | JP        |      1800 | NS      | $12605.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd.                       | Japan Post Holdings Co Ltd. NPV                                           | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |      8200 | NS      | $94680.98     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Addtech AB                                        | Addtech AB SER'B'NPV                                                      | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |      1238 | NS      | $42481.90     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| H and M Hennes and Mauritz AB                     | H and M Hennes and Mauritz AB SER'B'NPV                                   | CUSIP: 000000000<br>LEI: 529900O5RR7R39FRDM42 | Long             | EC               | CORP              | SE        |      2293 | NS      | $42899.40     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp.                                       | Inpex Corp. NPV                                                           | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |      4100 | NS      | $121275.94    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| HONGKONG LAND HOLDINGS LTD                        | Hongkong Land Holdings Ltd. ORD USD0.10(SINGAPORE REG)                    | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |      4800 | NS      | $37406.34     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuehne & Nagel International AG                   | Kuehne & Nagel International AG CHF1 (REGD)                               | CUSIP: 000000000<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |       229 | NS      | $52442.20     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                       | Bayerische Motoren Werke AG NON VTG PREF EUR1                             | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EP               | CORP              | DE        |       270 | NS      | $24854.10     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia S.p.A.                             | Telecom Italia S.p.A. DI RISP NPV                                         | CUSIP: 000000000<br>LEI: 549300W384M3RI3VXU42 | Long             | EP               | CORP              | IT        |     27314 | NS      | $22558.22     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                            | SAP SE ORD NPV                                                            | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      4767 | NS      | $812690.76    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                 | National Grid PLC ORD GBP0.12431289                                       | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     22836 | NS      | $385473.81    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** Penn Series Funds Inc

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer