# EDGAR Filing Document

**Accession Number:** 0000719608
**File Stem:** 0001193125-25-251553
**Filing Date:** 2025-10
**Character Count:** 130102
**Document Hash:** 767853f014bd2ec7def292d58ecf9aac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-251553.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001193125-25-251553

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW ECONOMY FUND
- **CENTRAL INDEX KEY:** 0000719608

**ORGANIZATION NAME:**
- **EIN:** 956799669
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03735
- **FILM NUMBER:** 251419834

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW FRONTIERS FUND
- **DATE OF NAME CHANGE:** 19830622

## Series and Classes Contracts Data

### NEW ECONOMY FUND (Series ID: S000009598)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000026235 | Class A       | ANEFX           |
| C000026236 | Class R-1     | RNGAX           |
| C000026237 | Class R-2     | RNGBX           |
| C000026238 | Class R-3     | RNGCX           |
| C000026239 | Class R-4     | RNGEX           |
| C000026240 | Class R-5     | RNGFX           |
| C000026242 | Class C       | ANFCX           |
| C000026243 | Class F-1     | ANFFX           |
| C000026244 | Class 529-A   | CNGAX           |
| C000026246 | Class 529-C   | CNGCX           |
| C000026247 | Class 529-E   | CNGEX           |
| C000026248 | Class 529-F-1 | CNGFX           |
| C000068559 | Class F-2     | NEFFX           |
| C000077861 | Class R-6     | RNGGX           |
| C000148459 | Class R-2E    | RNNEX           |
| C000164821 | Class R-5E    | RNGHX           |
| C000179981 | Class F-3     | FNEFX           |
| C000189496 | Class 529-T   | TENEX           |
| C000189497 | Class T       | TNEEX           |
| C000224595 | Class 529-F-2 | FNEEX           |
| C000224596 | Class 529-F-3 | FNNEX           |

## Nport-Ex

![](imgb4200a9e1.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**The New Economy Fund**<sup>®</sup>

Investment portfolio

August 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Common stocks 94.24%<br> **Information technology 39.85%**<br>| Shares | Value<br> (000)<br>|
| Broadcom, Inc.  | 8413598 | $2502120 |
| Microsoft Corp.  | 4320950 | 2189382 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 29718000 | 1118844 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 3337220 | 770464 |
| NVIDIA Corp.  | 10724330 | 1867964 |
| SK hynix, Inc.  | 6519429 | 1248088 |
| Micron Technology, Inc.  | 8937073 | 1063601 |
| Shopify, Inc., Class A, subordinate voting shares <sup>(a)</sup>  | 2924015 | 413105 |
| Lumentum Holdings, Inc. <sup>(a)</sup>  | 2666578 | 354148 |
| Salesforce, Inc.  | 1251369 | 320663 |
| Oracle Corp.  | 1162160 | 262799 |
| SAP SE  | 962894 | 261809 |
| Apple, Inc.  | 1119382 | 259853 |
| Motorola Solutions, Inc.  | 401868 | 189867 |
| NEC Corp.  | 5600258 | 172164 |
| AppLovin Corp., Class A <sup>(a)</sup>  | 343195 | 164250 |
| Sage Group PLC (The)  | 11106373 | 163118 |
| Ciena Corp. <sup>(a)</sup>  | 1677820 | 157665 |
| Adobe, Inc. <sup>(a)</sup>  | 406723 | 145078 |
| KLA Corp.  | 159862 | 139400 |
| MediaTek, Inc.  | 3037400 | 135619 |
| ASML Holding NV  | 129965 | 96544 |
| ASML Holding NV (ADR)  | 52263 | 38812 |
| ASMPT, Ltd.  | 13725900 | 123333 |
| Arista Networks, Inc. <sup>(a)</sup>  | 891948 | 121795 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 566600 | 118255 |
| Entegris, Inc.  | 1406459 | 117777 |
| Insight Enterprises, Inc. <sup>(a)</sup>  | 805778 | 104880 |
| Constellation Software, Inc.  | 28225 | 93518 |
| Tokyo Electron, Ltd.  | 683000 | 93235 |
| Zeta Global Holdings Corp., Class A <sup>(a)</sup>  | 4652905 | 91383 |
| Strategy, Inc., Class A <sup>(a)</sup>  | 271018 | 90631 |
| Keyence Corp.  | 207100 | 79060 |
| Fabrinet, non-registered shares <sup>(a)</sup>  | 228996 | 75864 |
| Technoprobe SpA <sup>(a)(b)</sup>  | 9271017 | 73451 |
| EPAM Systems, Inc. <sup>(a)</sup>  | 409237 | 72173 |
| eMemory Technology, Inc.  | 1071000 | 71516 |
| Infineon Technologies AG  | 1559847 | 63953 |
| Synopsys, Inc. <sup>(a)</sup>  | 103342 | 62369 |
| Fair Isaac Corp. <sup>(a)</sup>  | 35844 | 54542 |
| RingCentral, Inc., Class A <sup>(a)</sup>  | 1631232 | 49769 |
| MongoDB, Inc., Class A <sup>(a)</sup>  | 153752 | 48526 |
| MARA Holdings, Inc. <sup>(a)(b)</sup>  | 2744843 | 43863 |
| Accenture PLC, Class A  | 147040 | 38226 |
| Procore Technologies, Inc. <sup>(a)</sup>  | 535812 | 37244 |
| Palo Alto Networks, Inc. <sup>(a)</sup>  | 166527 | 31727 |

---

The New Economy Fund — Page 1 of 10

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Information technology (continued)**<br>| Shares | Value<br> (000)<br>|
| Check Point Software Technologies, Ltd. <sup>(a)</sup>  | 129706 | $25051 |
| Seagate Technology Holdings PLC  | 146431 | 24513 |
| Credo Technology Group Holding, Ltd. <sup>(a)</sup>  | 176357 | 21702 |
| Monday.com, Ltd. <sup>(a)</sup>  | 106799 | 20612 |
| Stripe, Inc., Class B <sup>(a)(c)(d)</sup>  | 63586 | 2257 |
|  |  | 15886582 |
| **Health care 11.94%** |  |  |
| Eli Lilly and Co.  | 1112150 | 814739 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 1532833 | 684425 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 1343491 | 525332 |
| Argenx SE (ADR) <sup>(a)</sup>  | 410022 | 292018 |
| Insulet Corp. <sup>(a)</sup>  | 836138 | 284187 |
| Illumina, Inc. <sup>(a)</sup>  | 2668036 | 266697 |
| Thermo Fisher Scientific, Inc.  | 368173 | 181406 |
| Novo Nordisk AS, Class B  | 2767806 | 156226 |
| UnitedHealth Group, Inc.  | 503646 | 156065 |
| Exact Sciences Corp. <sup>(a)</sup>  | 3076544 | 145890 |
| Ionis Pharmaceuticals, Inc. <sup>(a)</sup>  | 3207752 | 136762 |
| Stryker Corp.  | 326227 | 127688 |
| Molina Healthcare, Inc. <sup>(a)</sup>  | 592591 | 107158 |
| iRhythm Technologies, Inc. <sup>(a)</sup>  | 625218 | 106275 |
| EssilorLuxottica SA  | 340039 | 103591 |
| DexCom, Inc. <sup>(a)</sup>  | 1003667 | 75616 |
| Cencora, Inc.  | 245022 | 71451 |
| Boston Scientific Corp. <sup>(a)</sup>  | 636912 | 67194 |
| Daiichi Sankyo Co., Ltd.  | 2401245 | 57302 |
| Align Technology, Inc. <sup>(a)</sup>  | 403270 | 57248 |
| bioMerieux SA  | 387707 | 53823 |
| BridgeBio Pharma, Inc. <sup>(a)</sup>  | 1034257 | 53533 |
| IQVIA Holdings, Inc. <sup>(a)</sup>  | 193700 | 36960 |
| Alcon, Inc.  | 462859 | 36881 |
| Abbott Laboratories  | 202167 | 26819 |
| Caris Life Sciences, Inc., Class A <sup>(a)</sup>  | 661700 | 25403 |
| GE HealthCare Technologies, Inc.  | 283127 | 20875 |
| Intuitive Surgical, Inc. <sup>(a)</sup>  | 34848 | 16493 |
| NewAmsterdam Pharma Co. NV <sup>(a)</sup>  | 671098 | 16140 |
| Denali Therapeutics, Inc. <sup>(a)</sup>  | 1024429 | 15643 |
| NovoCure, Ltd. <sup>(a)</sup>  | 1098901 | 13549 |
| Cooper Cos., Inc. <sup>(a)</sup>  | 168914 | 11384 |
| Krystal Biotech, Inc. <sup>(a)</sup>  | 51144 | 7554 |
| ADMA Biologics, Inc. <sup>(a)</sup>  | 312689 | 5397 |
| agilon health, Inc. <sup>(a)</sup>  | 2318249 | 2967 |
|  |  | 4760691 |
| **Consumer discretionary 11.68%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup>  | 6972780 | 1596767 |
| MercadoLibre, Inc. <sup>(a)</sup>  | 336473 | 832067 |
| Viking Holdings, Ltd. <sup>(a)</sup>  | 6983467 | 444288 |
| Flutter Entertainment PLC <sup>(a)</sup>  | 918692 | 282195 |
| Carvana Co., Class A <sup>(a)</sup>  | 626432 | 232983 |
| Tesla, Inc. <sup>(a)</sup>  | 587310 | 196085 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 3984859 | 167922 |
| Trip.com Group, Ltd. (ADR)  | 1593186 | 117498 |
| Trip.com Group, Ltd.  | 622300 | 46105 |

---

The New Economy Fund — Page 2 of 10

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Consumer discretionary (continued)**<br>| Shares | Value<br> (000)<br>|
| Starbucks Corp.  | 1716780 | $151403 |
| Amadeus IT Group SA, Class A, non-registered shares  | 1304575 | 109512 |
| Compagnie Financiere Richemont SA, Class A  | 562036 | 98358 |
| Booking Holdings, Inc.  | 12523 | 70117 |
| NEXT PLC  | 408282 | 65994 |
| Hermes International  | 25000 | 61112 |
| DraftKings, Inc., Class A <sup>(a)</sup>  | 924357 | 44351 |
| Hilton Worldwide Holdings, Inc.  | 121669 | 33588 |
| DoorDash, Inc., Class A <sup>(a)</sup>  | 118388 | 29035 |
| Light & Wonder, Inc. <sup>(a)</sup>  | 295898 | 27362 |
| adidas AG  | 133947 | 26112 |
| CAVA Group, Inc. <sup>(a)(b)</sup>  | 321316 | 21705 |
|  |  | 4654559 |
| **Financials 10.77%** |  |  |
| Affirm Holdings, Inc., Class A <sup>(a)</sup>  | 5507358 | 487181 |
| Mastercard, Inc., Class A  | 770309 | 458557 |
| Visa, Inc., Class A  | 1189464 | 418430 |
| Nu Holdings, Ltd., Class A <sup>(a)</sup>  | 26070265 | 385840 |
| Fiserv, Inc. <sup>(a)</sup>  | 2089746 | 288761 |
| KKR & Co., Inc.  | 1580235 | 220427 |
| Progressive Corp.  | 744788 | 184007 |
| 3i Group PLC  | 3001550 | 163103 |
| Marsh & McLennan Cos., Inc.  | 714272 | 147004 |
| Brown & Brown, Inc.  | 1389660 | 134728 |
| Adyen NV <sup>(a)</sup>  | 74529 | 124893 |
| Arthur J. Gallagher & Co.  | 369588 | 111893 |
| HDFC Bank, Ltd.  | 9360138 | 100871 |
| Apollo Asset Management, Inc.  | 718777 | 97919 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup>  | 191403 | 96272 |
| Ares Management Corp., Class A  | 443816 | 79532 |
| Intercontinental Exchange, Inc.  | 414456 | 73193 |
| ICG PLC  | 2325038 | 68629 |
| Brookfield Corp., Class A  | 1002085 | 65857 |
| JPMorgan Chase & Co.  | 207450 | 62530 |
| BlackRock, Inc.  | 55465 | 62517 |
| Aon PLC, Class A  | 168428 | 61813 |
| Credicorp, Ltd.  | 236900 | 60931 |
| Blue Owl Capital, Inc., Class A  | 3080513 | 57051 |
| XP, Inc., Class A  | 2745166 | 49797 |
| MSCI, Inc.  | 83791 | 47570 |
| Morgan Stanley  | 268484 | 40401 |
| RenaissanceRe Holdings, Ltd.  | 165300 | 40166 |
| Blackstone, Inc.  | 217006 | 37195 |
| PayPal Holdings, Inc. <sup>(a)</sup>  | 501629 | 35209 |
| First Citizens BancShares, Inc., Class A  | 16173 | 32086 |
|  |  | 4294363 |
| **Industrials 10.28%** |  |  |
| Airbus SE, non-registered shares  | 2474871 | 518891 |
| TransDigm Group, Inc.  | 306725 | 429071 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 3174342 | 297595 |
| Dayforce, Inc. <sup>(a)</sup>  | 3941209 | 274978 |
| Rolls-Royce Holdings PLC  | 17637961 | 254888 |
| General Electric Co.  | 889311 | 244738 |

---

The New Economy Fund — Page 3 of 10

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Industrials (continued)**<br>| Shares | Value<br> (000)<br>|
| Recruit Holdings Co., Ltd.  | 3801724 | $216662 |
| Melrose Industries PLC  | 25481093 | 202612 |
| RTX Corp.  | 1082916 | 171750 |
| XPO, Inc. <sup>(a)</sup>  | 1130140 | 146579 |
| Republic Services, Inc.  | 568994 | 133128 |
| Quanta Services, Inc.  | 341045 | 128901 |
| BAE Systems PLC  | 5059589 | 120251 |
| Siemens AG  | 382831 | 105997 |
| Siemens Energy AG <sup>(a)</sup>  | 936000 | 99357 |
| Safran SA  | 285148 | 94423 |
| Deere & Co.  | 183939 | 88041 |
| GE Vernova, Inc.  | 129407 | 79323 |
| Copart, Inc. <sup>(a)</sup>  | 1376743 | 67199 |
| Weir Group PLC (The)  | 1930998 | 64339 |
| Herc Holdings, Inc.  | 469744 | 61438 |
| Ingersoll-Rand, Inc.  | 607409 | 48247 |
| Boeing Co. (The) <sup>(a)</sup>  | 186313 | 43724 |
| Rocket Lab Corp. <sup>(a)</sup>  | 889087 | 43210 |
| FTAI Aviation, Ltd.  | 276135 | 42483 |
| Hitachi, Ltd.  | 1404300 | 37834 |
| Generac Holdings, Inc. <sup>(a)</sup>  | 190930 | 35370 |
| Carrier Global Corp.  | 419190 | 27331 |
| Techtronic Industries Co., Ltd.  | 1388000 | 17783 |
|  |  | 4096143 |
| **Communication services 7.23%** |  |  |
| Meta Platforms, Inc., Class A  | 1344356 | 993076 |
| Alphabet, Inc., Class C  | 2206916 | 471243 |
| Alphabet, Inc., Class A  | 1401156 | 298320 |
| Tencent Holdings, Ltd.  | 2784015 | 215284 |
| ROBLOX Corp., Class A <sup>(a)</sup>  | 1252694 | 156073 |
| SoftBank Group Corp.  | 1234673 | 133694 |
| Spotify Technology SA <sup>(a)</sup>  | 195964 | 133624 |
| Netflix, Inc. <sup>(a)</sup>  | 72974 | 88171 |
| Live Nation Entertainment, Inc. <sup>(a)</sup>  | 487809 | 81215 |
| Nintendo Co., Ltd.  | 762100 | 68105 |
| Universal Music Group NV  | 2391056 | 67595 |
| New York Times Co., Class A  | 1009575 | 60413 |
| Epic Games, Inc. <sup>(a)(c)(d)</sup>  | 84438 | 56488 |
| T-Mobile US, Inc.  | 125336 | 31583 |
| Take-Two Interactive Software, Inc. <sup>(a)</sup>  | 124108 | 28951 |
|  |  | 2883835 |
| **Consumer staples 1.16%** |  |  |
| Philip Morris International, Inc.  | 1298423 | 217005 |
| Performance Food Group Co. <sup>(a)</sup>  | 1597831 | 162020 |
| Monster Beverage Corp. <sup>(a)</sup>  | 817496 | 51020 |
| Ocado Group PLC <sup>(a)</sup>  | 6670548 | 30385 |
|  |  | 460430 |

---

The New Economy Fund — Page 4 of 10

------

**unaudited**

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| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Energy 0.83%**<br>| Shares | Value<br> (000)<br>|
| Viper Energy, Inc., Class A  | 3260055 | $129897 |
| Baker Hughes Co., Class A  | 2444606 | 110985 |
| Noble Corp. PLC, Class A  | 2776211 | 80010 |
| Transocean, Ltd. <sup>(a)</sup>  | 3228702 | 9783 |
|  |  | 330675 |
| **Materials 0.41%** |  |  |
| Resonac Holdings Co., Ltd.  | 2166800 | 56294 |
| Linde PLC  | 106761 | 51063 |
| Air Products and Chemicals, Inc.  | 108287 | 31848 |
| Avery Dennison Corp.  | 147640 | 25343 |
|  |  | 164548 |
| **Utilities 0.09%** |  |  |
| Constellation Energy Corp.  | 116888 | 35999 |
| **Total common stocks** (cost: $20,885,474,000) |  | 37567825 |
| Preferred securities 0.55%<br> **Information technology 0.50%**<br>|  |  |
| Databricks, Inc., Series J, preferred shares <sup>(a)(c)(d)</sup>  | 945000 | 134663 |
| Anthropic, PBC, Class F, preferred shares <sup>(a)(c)(d)</sup>  | 346983 | 48913 |
| Stripe, Inc., Series BB-1, 6.00% noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 218360 | 7752 |
| Stripe, Inc., Series G, 6.00% noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 128963 | 4578 |
| Stripe, Inc., Series BB, 6.00% noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 77454 | 2749 |
| Stripe, Inc., Series H, 6.00% noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 22617 | 803 |
|  |  | 199458 |
| **Industrials 0.05%** |  |  |
| Zipline International, Inc., Series G, preferred shares <sup>(a)(c)(d)</sup>  | 476800 | 19868 |
| **Total preferred securities** (cost: $166,504,000) |  | 219326 |
| Rights & warrants 0.51%<br> **Information technology 0.51%**<br>|  |  |
| OpenAI Global, LLC, rights <sup>(a)(c)(d)</sup>  | 81374081 | 203435 |
| **Total rights & warrants** (cost: $81,374,000) |  | 203435 |
| Convertible stocks 0.16%<br> **Information technology 0.16%**<br>|  |  |
| Tarana Wireless, Inc., Series 6, noncumulative convertible preferred shares <sup>(c)(d)</sup>  | 30562347 | 32396 |
| Tarana Wireless, Inc., Series 7, noncumulative convertible preferred shares <sup>(c)(d)</sup>  | 922043 | 978 |
| Strategy, Inc., 8.00% perpetual convertible preferred shares <sup>(b)</sup>  | 336300 | 31713 |
| **Total convertible stocks** (cost: $55,672,000) |  | 65087 |
| Convertible bonds & notes 0.02%<br> **Information technology 0.02%**<br>| Principal amount<br> (000)<br>|  |
| Wolfspeed, Inc., convertible notes, 1.875% 12/1/2029 <sup>(e)</sup>  | USD16,936 | 6224 |
| **Total convertible bonds & notes** (cost: $9,510,000) |  | 6224 |

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The New Economy Fund — Page 5 of 10

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**unaudited**

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| | | |
|:---|:---|:---|
| Short-term securities 4.56%<br> **Money market investments 4.54%**<br>| Shares | Value<br> (000)<br>|
| Capital Group Central Cash Fund 4.29% <sup>(f)(g)</sup>  | 18112244 | $1811406 |
| **Money market investments purchased with collateral from securities on loan 0.02%** |  |  |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.21% <sup>(f)(h)</sup>  | 7654362 | 7654 |
| **Total short-term securities** (cost: $1,818,719,000) |  | 1819060 |
| Total investment securities 100.04% (cost: $23,017,253,000) |  | 39880957 |
| **Other assets less liabilities (0.04)%** |  | (17795)<br>|
| **Net assets 100.00%** |  | $39863162 |

---

Investments in affiliates <sup>(g)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>12/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>8/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 4.54%** | **Short-term securities 4.54%** | **Short-term securities 4.54%** | **Short-term securities 4.54%** | **Short-term securities 4.54%** | **Short-term securities 4.54%** | **Short-term securities 4.54%** | **Short-term securities 4.54%** |
| **Money market investments 4.54%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.29% <sup>(f)</sup> <br>| $1409961 | &nbsp;&nbsp; $4621376 | &nbsp;&nbsp; $4220010 | &nbsp;&nbsp; $(160)<br>| &nbsp;&nbsp; $239 | &nbsp;&nbsp; $1811406 | &nbsp;&nbsp; $54736 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.00%**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.29% <sup>(f)</sup> <br>| 10000 |  | &nbsp;&nbsp; 10000 <br><sup>(i)</sup><br>|  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(j)</sup><br>|
| **Total 4.54%** |  |  |  | &nbsp;&nbsp; $(160)<br>| &nbsp;&nbsp; $239 | &nbsp;&nbsp; $1811406 | &nbsp;&nbsp; $54736 |

---

Restricted securities <sup>(d)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| OpenAI Global, LLC, rights <sup>(a)(c)</sup> <br>| 9/30/2024 | $81374 | $203435 | 0.51<br> %<br>|
| Databricks, Inc., Series J, preferred shares <sup>(a)(c)</sup> <br>| 12/17/2024 | 87413 | 134663 | 0.34 |
| Epic Games, Inc. <sup>(a)(c)</sup> <br>| 3/29/2021 | 74728 | 56488 | 0.14 |
| Anthropic, PBC, Class F, preferred shares <sup>(a)(c)</sup> <br>| 8/29/2025 | 48913 | 48913 | 0.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarana Wireless, Inc., Series 6, noncumulative convertible preferred <br> shares <sup>(c)</sup> <br>| 2/18/2022 | 25000 | 32396 | 0.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarana Wireless, Inc., Series 7, noncumulative convertible preferred <br> shares <sup>(c)</sup> <br>| 6/27/2023 | 986 | 978 | 0.00 <br><sup>(k)</sup><br>|
| Zipline International, Inc., Series G, preferred shares <sup>(a)(c)</sup> <br>| 6/7/2024 | 20000 | 19868 | 0.05 |
| Stripe, Inc., Series BB-1, 6.00% noncumulative preferred shares <sup>(a)(c)</sup> <br>| 8/24/2023 | 4703 | 7752 | 0.02 |
| Stripe, Inc., Series G, 6.00% noncumulative preferred shares <sup>(a)(c)</sup> <br>| 9/29/2023 | 2899 | 4578 | 0.01 |
| Stripe, Inc., Series BB, 6.00% noncumulative preferred shares <sup>(a)(c)</sup> <br>| 8/24/2023 | 1668 | 2749 | 0.01 |
| Stripe, Inc., Class B <sup>(a)(c)</sup> <br>| 8/24/2023-5/6/2021 | 2346 | 2257 | 0.01 |
| Stripe, Inc., Series H, 6.00% noncumulative preferred shares <sup>(a)(c)</sup> <br>| 3/15/2021 | 908 | 803 | 0.00 <br><sup>(k)</sup><br>|
| **Total** |  | $350938 | $514880 | 1.29<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The New Economy Fund — Page 6 of 10

------

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security did not produce income during the last 12 months.

<sup>(b)</sup> All or a portion of this security was on loan. 

<sup>(c)</sup> Value determined using significant unobservable inputs.

<sup>(d)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(e)</sup> Scheduled interest and/or principal payment was not received.

<sup>(f)</sup> Rate represents the seven-day yield at 8/31/2025.

<sup>(g)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(h)</sup> Security purchased with cash collateral from securities on loan. 

<sup>(i)</sup> Represents net activity. 

<sup>(j)</sup> Dividend income is included with securities lending income and is not shown in this table.

<sup>(k)</sup> Amount less than 0.01%.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information.

The New Economy Fund — Page 7 of 10

------

**unaudited**

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of August 31, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information technology | $12183591 | $3700734 | $2257 | $15886582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health care | 4352868 | 407823 |  | 4760691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer discretionary | 4247366 | 407193 |  | 4654559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 3836867 | 457496 |  | 4294363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 2363106 | 1733037 |  | 4096143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication services | 2342669 | 484678 | 56488 | 2883835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer staples | 430045 | 30385 |  | 460430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 330675 |  |  | 330675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 108254 | 56294 |  | 164548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 35999 |  |  | 35999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred securities  |  |  | 219326 | 219326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights & warrants  |  |  | 203435 | 203435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible stocks  | 31713 |  | 33374 | 65087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible bonds & notes  |  | 6224 |  | 6224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities | 1819060 |  |  | 1819060 |
| Total | $32082213 | $7283864 | $514880 | $39880957 |

---

The New Economy Fund — Page 8 of 10

------

**unaudited**

The following table reconciles the valuation of the fund's Level 3 investment securities and related transactions for the nine months ended August 31, 2025 (dollars in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Beginning <br>value at <br>11/30/2024<br>| &nbsp;&nbsp; Transfers <br>into <br>Level 3\*<br>| Purchases | Sales | &nbsp;&nbsp; Net <br>realized <br>gain (loss)<br>| &nbsp;&nbsp; Unrealized <br>appreciation <br>(depreciation)<br>| &nbsp;&nbsp; Transfers <br>out of <br>Level 3\*<br>| &nbsp;&nbsp; Ending <br>value at <br>8/31/2025<br>|
| Investment securities | &nbsp;&nbsp; $200727 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $136325 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $177828 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $514880 |
| Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | Net unrealized appreciation (depreciation) during the period on Level 3 investment securities held at August 31, 2025 | &nbsp;&nbsp; $177828 |

---

\*

Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.

**Unobservable inputs** — Valuation of the fund's Level 3 securities is based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The following table provides additional information used by the fund's investment adviser to fair value the fund's Level 3 securities (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>8/31/2025<br>| &nbsp;&nbsp;&nbsp; Valuation <br>techniques<br>| &nbsp;&nbsp;&nbsp; Unobservable <br>inputs<br>| Range <br>(if applicable)<br>| &nbsp;&nbsp;&nbsp; Weighted <br>average\*<br>| &nbsp;&nbsp;&nbsp; Impact to <br>valuation from <br>an increase in <br>input<sup>†</sup> <br>|
| Common stocks | $58745 | &nbsp;&nbsp; Market compa-<br> rables | EV/Sales multiple | 5.1x | 5.1x | Increase |
| Common stocks | $58745 | &nbsp;&nbsp; Market compa-<br> rables | &nbsp;&nbsp; Net adjustment (increase) based <br> on movement of market compa-<br> rables<br>| 31% | 31% | Increase |
| Common stocks | $58745 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Preferred securities | $219326 | &nbsp;&nbsp; Market compa-<br> rables | EV/Sales multiple | 4.4x | 4.4x | Increase |
| Preferred securities | $219326 | &nbsp;&nbsp; Market compa-<br> rables | Risk discount | 15% | 15% | Decrease |
| Preferred securities | $219326 | &nbsp;&nbsp; Market compa-<br> rables | &nbsp;&nbsp; Net adjustment (increase) based <br> on movement of market compa-<br> rables<br>| 23% | 23% | Increase |
| Preferred securities | $219326 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Preferred securities | $219326 | Transaction | Discount for uncertainty | 5% | 5% | Decrease |
| Rights & warrants | $203435 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Rights & warrants | $203435 | Transaction | Discount for uncertainty | 15% | 15% | Decrease |
| Convertible stocks | $33374 | Transaction | Transaction price | Not applicable | Not applicable | Not applicable |
| Convertible stocks | $33374 | Transaction | Discount for uncertainty | 1% | 1% | Decrease |
|  | $514880 |  |  |  |  |  |

---

\*

Weighted average is by relative fair value.

<sup>†</sup>

This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| EV = Enterprise value |
| USD = U.S. dollars |

---

The New Economy Fund — Page 9 of 10

------

**unaudited**

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

MFGEFP3-014-1025

The New Economy Fund — Page 10 of 10

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New Economy Fund

- **b. Investment Company Act file number:** 811-03735

- **c. CIK number of Registrant:** 0000719608

- **d. LEI of Registrant:** J154YSXJZPP8R8ZPNM12

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

  - **Street Address 1:** 333 South Hope Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** New Economy Fund

- **b. EDGAR series identifier (if any):** S000009598

- **c. LEI of Series:** J154YSXJZPP8R8ZPNM12

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

- **a. Date of fiscal year-end:** 2025-11-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $39966962429.44

**Total Liabilities:** $97159475.40

**Net Assets:** $39869802954.04

**Delayed Delivery Securities:** $2200575.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026235 | 8.32%                | 0.96%                | 2.10%                |
| Class ID C000026236 | 8.26%                | 0.88%                | 2.03%                |
| Class ID C000026237 | 8.24%                | 0.89%                | 2.05%                |
| Class ID C000026238 | 8.31%                | 0.93%                | 2.07%                |
| Class ID C000026239 | 8.32%                | 0.96%                | 2.10%                |
| Class ID C000026240 | 8.35%                | 0.98%                | 2.12%                |
| Class ID C000026242 | 8.27%                | 0.89%                | 2.02%                |
| Class ID C000026243 | 8.33%                | 0.96%                | 2.09%                |
| Class ID C000026244 | 8.32%                | 0.96%                | 2.09%                |
| Class ID C000026246 | 8.26%                | 0.88%                | 2.04%                |
| Class ID C000026247 | 8.30%                | 0.93%                | 2.07%                |
| Class ID C000026248 | 8.33%                | 0.97%                | 2.11%                |
| Class ID C000068559 | 8.36%                | 0.97%                | 2.12%                |
| Class ID C000077861 | 8.36%                | 0.97%                | 2.13%                |
| Class ID C000148459 | 8.27%                | 0.91%                | 2.06%                |
| Class ID C000164821 | 8.33%                | 0.97%                | 2.11%                |
| Class ID C000179981 | 8.36%                | 0.97%                | 2.13%                |
| Class ID C000189496 | 8.33%                | 0.98%                | 2.12%                |
| Class ID C000189497 | 8.33%                | 0.98%                | 2.13%                |
| Class ID C000224595 | 8.35%                | 0.97%                | 2.12%                |
| Class ID C000224596 | 8.35%                | 0.97%                | 2.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $906854980.20            | $2088823936.06                             |
| Month 2  | $306175566.46            | $68595271.48                               |
| Month 3  | $169159187.29            | $649143339.19                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RTX CORP                                                                 | RTX CORP                                                                                             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   1082916 | NS      | $171750477.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                                | SAFRAN SA                                                                                            | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |    285148 | NS      | $94422492.06   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                                   | SAP SE                                                                                               | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |    962894 | NS      | $261808694.52  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                           | STARBUCKS CORP                                                                                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |   1716780 | NS      | $151402828.20  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK TIMES CO/THE                                                    | NEW YORK TIMES COMPANY CL A                                                                          | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |   1009575 | NS      | $60412968.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OCADO GROUP PLC                                                          | OCADO GROUP PLC                                                                                      | CUSIP: N/A<br>LEI: 213800LO8F61YB8MBC74       | Long             | EC               | CORP              | GB        |   6670548 | NS      | $30384828.68   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | ORACLE CORP                                                                                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |   1162160 | NS      | $262799240.80  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC                                                     | BLUE OWL CAPITAL INC CL A                                                                            | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3080513 | NS      | $57051100.76   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC                                                   | PALO ALTO NETWORKS INC                                                                               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    166527 | NS      | $31726724.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCORE TECHNOLOGIES INC                                                 | PROCORE TECHNOLOGIES INC                                                                             | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |    535812 | NS      | $37244292.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP CO                                                | PERFORMANCE FOOD GROUP CO                                                                            | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |   1597831 | NS      | $162020063.40  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP (THE)                                                   | PROGRESSIVE CORP (THE)                                                                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    744788 | NS      | $184007323.28  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                          | PHILIP MORRIS INTERNATIONAL INC                                                                      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   1244147 | NS      | $207934288.11  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORP                                                             | INSULET CORP                                                                                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |    836138 | NS      | $284186583.44  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES INC                                                      | QUANTA SERVICES INC                                                                                  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    341045 | NS      | $128901368.20  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC                                                      | PAYPAL HOLDINGS INC                                                                                  | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    501629 | NS      | $35209339.51   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                                                              | ROBLOX CORP                                                                                          | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1252694 | NS      | $156073145.46  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSOCEAN LTD                                                           | TRANSOCEAN LTD                                                                                       | CUSIP: N/A<br>LEI: 529900QO4W5DQGBGEF32       | Long             | EC               | CORP              | CH        |   3228702 | NS      | $9782967.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB CORP                                                          | ROCKET LAB CORP                                                                                      | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    889087 | NS      | $43209628.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL INC                                                          | RINGCENTRAL INC CL A                                                                                 | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |   1631232 | NS      | $49768888.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                                               | RENAISSANCERE HOLDINGS LTD                                                                           | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |    165300 | NS      | $40166247.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                 | ROLLS-ROYCE HOLDINGS PLC                                                                             | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |  17637961 | NS      | $254888444.28  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                    | REPUBLIC SERVICES INC                                                                                | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    568994 | NS      | $133127526.18  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIPE INC                                                               | STRIPE INC PFD SER BB-1 6.00% NON-CUM PP (DRS) (NOT LISTED OR TRADING)                               | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EP               | CORP              | US        |    218360 | NS      | $7751780.00    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| STRIPE INC                                                               | STRIPE INC PFD SER BB 6.00% NON-CUM PP (DRS) (NOT LISTED OR TRADING)                                 | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EP               | CORP              | US        |     77454 | NS      | $2749617.00    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| STRIPE INC                                                               | STRIPE INC PFD SER G 6.00% NON-CUM PP (DRS) (NOT LISTED OR TRADING)                                  | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EP               | CORP              | US        |    128963 | NS      | $4578186.50    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TARANA WIRELESS INC                                                      | TARANA WIRELESS INC CV PFD SER 6 NON-CUM PP (PHYSICAL)(NOT LISTED OR TRADING) PP (PHYSICAL) (NOT LIS | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |  30562347 | NS      | $32396087.82   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TARANA WIRELESS INC                                                      | TARANA WIRELESS INC CV PFD SER 7 NON-CUM PP (DRS) (NOT LISTED OR TRADING) PP (DRS) (NOT LISTED OR TR | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    922043 | NS      | $977365.58     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ZIPLINE INTERNATIONAL INC                                                | ZIPLINE INTERNATIONAL INC PFD SER G PP (PHYSICAL) (NOT LISTED OR TRADING)                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    476800 | NS      | $19868256.00   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OPENAI GLOBAL LLC                                                        | OPENAI GLOBAL LLC RTS 1:1 @ USD PP (DRS) (NOT LISTED OR TRADING)                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  81374081 | NS      | $203435202.50  | 0.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ESSILORLUXOTTICA SA                                                      | ESSILORLUXOTTICA SA                                                                                  | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |    340039 | NS      | $103590599.07  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| EXACT SCIENCES CORP                                                      | EXACT SCIENCES CORPORATION                                                                           | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |   3076544 | NS      | $145889716.48  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLFSPEED INC                                                            | WOLFSPEED INC CV SR UNSEC 1.875% 12-01-29                                                            | CUSIP: 977852AD4<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |  16936000 | PA      | $6223980.00    | 0.02%             | 2029-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC                                            | FIRST CITIZENS BANCSHARES INC CL A                                                                   | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |     16173 | NS      | $32085776.43   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLFSPEED INC                                                            | WOLFSPEED INC SR SEC 1ST LIEN (UNFUNDED) 0.0% 05-31-26                                               | CUSIP: N/A<br>LEI: 549300OGU88P3AW3TO93       | Long             | DBT              | CORP              | US        |   2200575 | PA      | $2200575.36    | 0.01%             | 2026-05-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                               | FISERV INC                                                                                           | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   2089746 | NS      | $288761102.28  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORP                                                          | FAIR ISAAC CORP                                                                                      | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     35844 | NS      | $54541664.16   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                                                | FLUTTER ENTERTAINMENT PLC (USD)                                                                      | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | US        |    918692 | NS      | $282194621.64  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                                                 | FABRINET (BEARER)                                                                                    | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | TH        |    228996 | NS      | $75864084.84   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD                                                        | FTAI AVIATION LTD                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    276135 | NS      | $42483369.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COOPER COS INC/THE                                                       | COOPER COS INC/THE                                                                                   | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |    168914 | NS      | $11383959.03   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL AEROSPACE CO                                                     | GENERAL ELECTRIC CO                                                                                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    889311 | NS      | $244738387.20  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC                                           | GE HEALTHCARE TECHNOLOGIES INC                                                                       | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |    283127 | NS      | $20874953.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                                                              | CENCORA INC                                                                                          | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    245022 | NS      | $71450865.42   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART INC                                                               | COPART INC                                                                                           | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |   1376743 | NS      | $67198825.83   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDO TECHNOLOGY GROUP HOLDING LTD                                       | CREDO TECHNOLOGY GROUP HOLDING LTD                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    176357 | NS      | $21701610.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                                                           | SALESFORCE INC                                                                                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |   1251369 | NS      | $320663306.25  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                                               | CONSTELLATION SOFTWARE INC                                                                           | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |     28225 | NS      | $93518292.13   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                                                               | CARVANA CO CL A                                                                                      | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |    626432 | NS      | $232982589.44  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC                                                             | DOORDASH INC CL A                                                                                    | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |    118388 | NS      | $29034657.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DAYFORCE INC                                                             | DAYFORCE INC (USD)                                                                                   | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |   4090377 | NS      | $285385603.29  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                                                               | DEERE & CO                                                                                           | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    183939 | NS      | $88040562.96   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC                                                           | DRAFTKINGS INC CL A                                                                                  | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    924357 | NS      | $44350648.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY INC                                                         | VIPER ENERGY INC CL A                                                                                | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3260055 | NS      | $129896891.48  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC                                               | VERTEX PHARMACEUTICALS INC                                                                           | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |   1343491 | NS      | $525331850.82  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIR GROUP PLC/THE                                                       | WEIR GROUP PLC/THE                                                                                   | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |   1930998 | NS      | $64339455.72   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| XP INC                                                                   | XP INC CL A                                                                                          | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | BR        |   2745166 | NS      | $49797311.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                                                                  | XPO INC                                                                                              | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |   1130140 | NS      | $146579158.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ZETA GLOBAL HOLDINGS CORP                                                | ZETA GLOBAL HOLDINGS CORP CL A                                                                       | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |   4652905 | NS      | $91383054.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                                             | SK HYNIX INC                                                                                         | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |   6519429 | NS      | $1248088069.35 | 3.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT LTD                                                                | ASMPT LTD                                                                                            | CUSIP: N/A<br>LEI: 529900PYFA1HFYKPT360       | Long             | EC               | CORP              | SG        |  13725900 | NS      | $123332723.52  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES CO LTD                                             | TECHTRONIC INDUSTRIES CO LTD                                                                         | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |   1388000 | NS      | $17783371.72   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                     | TENCENT HOLDINGS LTD                                                                                 | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |   2784015 | NS      | $215284211.14  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                                | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                                                            | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |  29718000 | NS      | $1118844246.79 | 2.81%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDIATEK INC                                                             | MEDIATEK INC                                                                                         | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |   3037400 | NS      | $135619510.07  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| EMEMORY TECHNOLOGY INC                                                   | EMEMORY TECHNOLOGY INC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1071000 | NS      | $71515625.34   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| RESONAC HOLDINGS CORP                                                    | RESONAC HOLDINGS CORP                                                                                | CUSIP: N/A<br>LEI: 5493006AIPA1V92YPP18       | Long             | EC               | CORP              | JP        |   2166800 | NS      | $56294104.69   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIICHI SANKYO CO LTD                                                    | DAIICHI SANKYO CO LTD                                                                                | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |   2401245 | NS      | $57302026.44   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD                                                  | RECRUIT HOLDINGS CO LTD                                                                              | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |   3801724 | NS      | $216662031.26  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI LTD                                                              | HITACHI LTD                                                                                          | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |   1404300 | NS      | $37833571.07   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC CORP                                                                 | NEC CORPORATION                                                                                      | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |   5600258 | NS      | $172164165.70  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYENCE CORP                                                             | KEYENCE CORP                                                                                         | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |    207100 | NS      | $79060088.37   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| NINTENDO CO LTD                                                          | NINTENDO CO LTD                                                                                      | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |    762100 | NS      | $68105259.91   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO ELECTRON LTD                                                       | TOKYO ELECTRON LTD                                                                                   | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |    683000 | NS      | $93234748.42   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD                                                       | TRIP.COM GROUP LTD                                                                                   | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | SG        |    622300 | NS      | $46105209.23   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                                      | SOFTBANK GROUP CORP                                                                                  | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |   1234673 | NS      | $133693615.67  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| APPLE INC                                                                | APPLE INC                                                                                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1119382 | NS      | $259853337.48  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                                      | ABBOTT LABORATORIES                                                                                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    202167 | NS      | $26819474.22   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                                                            | ACCENTURE PLC CL A                                                                                   | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |    147040 | NS      | $38225988.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                                                                | ADOBE INC                                                                                            | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    406723 | NS      | $145078094.10  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA BIOLOGICS INC                                                       | ADMA BIOLOGICS INC                                                                                   | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270289 | NS      | $4665188.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADIDAS AG                                                                | ADIDAS AG                                                                                            | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |    133947 | NS      | $26112463.66   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ADYEN NV                                                                 | ADYEN NV                                                                                             | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |     74529 | NS      | $124893111.06  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC                                                      | AFFIRM HOLDINGS INC CL A                                                                             | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5507358 | NS      | $487180888.68  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILON HEALTH INC                                                        | AGILON HEALTH INC                                                                                    | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2318249 | NS      | $2967358.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE                                                                | AIRBUS SE                                                                                            | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |   2474871 | NS      | $518891144.75  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                  | ARTHUR J GALLAGHER & CO                                                                              | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    369588 | NS      | $111892767.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                                                                | ALCON INC                                                                                            | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |    462859 | NS      | $36880890.25   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIGN TECHNOLOGY INC                                                     | ALIGN TECHNOLOGY INC                                                                                 | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    403270 | NS      | $57248209.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC                                              | ALNYLAM PHARMACEUTICALS INC                                                                          | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |   1532833 | NS      | $684425262.83  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AMADEUS IT GROUP SA                                                      | AMADEUS IT GROUP SA A (BEARER)                                                                       | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |   1304575 | NS      | $109511916.71  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                           | AMAZON.COM INC                                                                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   6972780 | NS      | $1596766620.00 | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                                                      | ARISTA NETWORKS INC                                                                                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    891948 | NS      | $121795499.40  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC                                                                  | AON PLC CL A                                                                                         | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |    168428 | NS      | $61813076.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS INC                                             | AIR PRODUCTS & CHEMICALS INC                                                                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    108287 | NS      | $31848289.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                                             | APOLLO GLOBAL MANAGEMENT INC                                                                         | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    718777 | NS      | $97918990.71   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                                                            | APPLOVIN CORP CL A                                                                                   | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    343195 | NS      | $164249695.05  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                                                     | ARES MANAGEMENT CORP CL A                                                                            | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    443816 | NS      | $79531827.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE                                                                | ARGENX SE ADR                                                                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |    410022 | NS      | $292017668.40  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                                          | ASML HOLDING NV ADR                                                                                  | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     52263 | NS      | $38811549.06   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                                          | ASML HOLDING NV                                                                                      | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    129965 | NS      | $96544148.32   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | BROADCOM INC                                                                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   8432007 | NS      | $2507594561.73 | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AVERY DENNISON CORP                                                      | AVERY DENNISON CORP                                                                                  | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    147640 | NS      | $25342406.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                            | BOEING CO/THE                                                                                        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    186313 | NS      | $43723934.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                                          | BAE SYSTEMS PLC                                                                                      | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   5059589 | NS      | $120251167.87  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP LTD                                                            | CREDICORP LTD                                                                                        | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | PE        |    220000 | NS      | $56584000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA INC                                                     | BRIDGEBIO PHARMA INC                                                                                 | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |   1034257 | NS      | $53533142.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMERIEUX                                                               | BIOMERIEUX                                                                                           | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |    387707 | NS      | $53822745.15   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                                     | BOOKING HOLDINGS INC                                                                                 | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     12523 | NS      | $70116903.15   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES CO                                                          | BAKER HUGHES CO CL A                                                                                 | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2444606 | NS      | $110985112.40  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                                                            | BLACKROCK INC                                                                                        | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     55465 | NS      | $62516820.10   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD CORP                                                          | BROOKFIELD CORP A (USD)                                                                              | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |   1002085 | NS      | $65857026.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC                                                   | BERKSHIRE HATHAWAY INC CL B                                                                          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    191403 | NS      | $96271880.94   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                                                        | BROWN & BROWN INC                                                                                    | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |   1389660 | NS      | $134727537.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                                                   | BOSTON SCIENTIFIC CORP                                                                               | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    636912 | NS      | $67194216.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE INC                                                           | BLACKSTONE INC                                                                                       | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    217006 | NS      | $37194828.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CARIS LIFE SCIENCES INC                                                  | CARIS LIFE SCIENCES INC CL A                                                                         | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |    661700 | NS      | $25402663.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP                                                      | CARRIER GLOBAL CORP                                                                                  | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    419190 | NS      | $27331188.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA GROUP INC                                                           | CAVA GROUP INC                                                                                       | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    321316 | NS      | $21704895.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| CONSTELLATION ENERGY CORP                                                | CONSTELLATION ENERGY CORP                                                                            | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    116888 | NS      | $35999166.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT SA                                        | COMPAGNIE FINANCIERE RICHEMONT SA CL A                                                               | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    562036 | NS      | $98358190.19   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD                                    | CHECK POINT SOFTWARE TECHNOLOGIES LTD                                                                | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |    129706 | NS      | $25051416.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                                                               | CIENA CORP                                                                                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |   1677820 | NS      | $157664745.40  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC                                               | CHIPOTLE MEXICAN GRILL INC                                                                           | CUSIP: 169656105<br>LEI: 5493007DZOMUBASCBX97 | Long             | EC               | CORP              | US        |   3984859 | NS      | $167921958.26  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                                                                | TESLA INC                                                                                            | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    587310 | NS      | $196085189.70  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                                | TAIWAN SEMICONDUCTOR MFG CO ADR                                                                      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   3337220 | NS      | $770463981.40  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE INC                                        | TAKE-TWO INTERACTIVE SOFTWARE INC                                                                    | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    124108 | NS      | $28950673.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                    | UBER TECHNOLOGIES INC                                                                                | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |   3174342 | NS      | $297594562.50  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                                                 | UNIVERSAL MUSIC GROUP NV                                                                             | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | US        |   2391056 | NS      | $67594667.52   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                   | UNITEDHEALTH GROUP INC                                                                               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    503646 | NS      | $156064786.02  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                                                 | VISA INC CL A                                                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   1189464 | NS      | $418429645.92  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VIKING HOLDINGS LTD                                                      | VIKING HOLDINGS LTD                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |   6983467 | NS      | $444288170.54  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDAY.COM LTD                                                           | MONDAY.COM LTD                                                                                       | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |    106799 | NS      | $20612207.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP                                                    | MONSTER BEVERAGE CORP                                                                                | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    817496 | NS      | $51019925.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                    | MOLINA HEALTHCARE INC                                                                                | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |    592591 | NS      | $107158230.53  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MELROSE INDUSTRIES PLC                                                   | MELROSE INDUSTRIES PLC                                                                               | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               | CORP              | GB        |  25481093 | NS      | $202612325.43  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | MORGAN STANLEY                                                                                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    268484 | NS      | $40401472.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                                                                 | MSCI INC                                                                                             | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     83791 | NS      | $47569826.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                                           | MICROSOFT CORP                                                                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   4320950 | NS      | $2189382155.50 | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                                                   | MOTOROLA SOLUTIONS INC                                                                               | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |    401868 | NS      | $189866555.28  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                                             | STRATEGY INC CL A                                                                                    | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |    271018 | NS      | $90631129.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                    | MICRON TECHNOLOGY INC                                                                                | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   8937073 | NS      | $1063601057.73 | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWAMSTERDAM PHARMA CO NV                                                | NEWAMSTERDAM PHARMA CO NV                                                                            | CUSIP: N/A<br>LEI: 984500B6549TF6E14D36       | Long             | EC               | CORP              | NL        |    671098 | NS      | $16139906.90   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORP PLC                                                           | NOBLE CORP PLC CL A                                                                                  | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | US        |   2776211 | NS      | $80010401.02   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                                                           | CLOUDFLARE INC CL A                                                                                  | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    566600 | NS      | $118255086.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                                                              | NETFLIX INC                                                                                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     72974 | NS      | $88170835.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK AS                                                          | NOVO NORDISK AS CL B                                                                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |   2767806 | NS      | $156225768.06  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRISES INC                                                  | INSIGHT ENTERPRISES INC                                                                              | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |    805778 | NS      | $104880064.48  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD                                                          | NU HOLDINGS LTD CL A                                                                                 | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |  26070265 | NS      | $385839922.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVOCURE LTD                                                             | NOVOCURE LTD                                                                                         | CUSIP: N/A<br>LEI: 213800YPP55UMHWA4826       | Long             | EC               | CORP              | JE        |   1098901 | NS      | $13549449.33   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                                              | NVIDIA CORP                                                                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |  10724330 | NS      | $1867963799.40 | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT PLC                                                                 | NEXT PLC                                                                                             | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |    408282 | NS      | $65994574.65   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SAGE GROUP PLC/THE                                                       | SAGE GROUP PLC/THE                                                                                   | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |  11106373 | NS      | $163118309.67  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC                                                              | SHOPIFY INC CL A                                                                                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |   2924015 | NS      | $413104839.20  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG                                                               | SIEMENS AG                                                                                           | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    382831 | NS      | $105997186.18  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                             | SYNOPSYS INC                                                                                         | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    103342 | NS      | $62368963.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                                    | SPOTIFY TECHNOLOGY SA                                                                                | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |    195964 | NS      | $133623932.32  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                                             | STRATEGY INC CV PFD 8.00% PRP                                                                        | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |    336300 | NS      | $31713090.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| SEAGATE TECHNOLOGY HOLDINGS PLC                                          | SEAGATE TECHNOLOGY HOLDINGS PLC                                                                      | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |    146431 | NS      | $24512549.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                                                             | STRYKER CORP                                                                                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    326227 | NS      | $127688510.07  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                                       | TRIP.COM GROUP LTD ADR                                                                               | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |   1593186 | NS      | $117497467.50  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                                                      | TRANSDIGM GROUP INC                                                                                  | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    306725 | NS      | $429071468.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                             | THERMO FISHER SCIENTIFIC INC                                                                         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    368173 | NS      | $181406200.56  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                                                          | T-MOBILE US INC                                                                                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    125336 | NS      | $31583418.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNOPROBE SPA                                                          | TECHNOPROBE SPA                                                                                      | CUSIP: N/A<br>LEI: 8156007154CD8334D053       | Long             | EC               | CORP              | IT        |   9271017 | NS      | $73450717.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| MASTERCARD INC                                                           | MASTERCARD INC CL A                                                                                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    770309 | NS      | $458557244.61  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA HOLDINGS INC                                                        | MARA HOLDINGS INC                                                                                    | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |   2744843 | NS      | $43862591.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| MONGODB INC                                                              | MONGODB INC CL A                                                                                     | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |    153752 | NS      | $48525668.72   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                                         | MERCADOLIBRE INC                                                                                     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |    336473 | NS      | $832067446.43  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                                                       | META PLATFORMS INC CL A                                                                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |   1344356 | NS      | $993075777.20  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                          | CAPITAL GROUP CENTRAL CASH FUND                                                                      | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |  19015151 | NS      | $1901705245.51 | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                           | MARSH & MCLENNAN COMPANIES INC                                                                       | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    714272 | NS      | $147004320.32  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG                                                        | SIEMENS ENERGY AG                                                                                    | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    936000 | NS      | $99356789.14   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                             | ENTEGRIS INC                                                                                         | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |   1406459 | NS      | $117776876.66  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM SYSTEMS INC                                                         | EPAM SYSTEMS INC                                                                                     | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |    409237 | NS      | $72173037.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DATABRICKS INC                                                           | DATABRICKS INC SER J PFD PP (PHYSICAL) (NOT LISTED OR TRADING)                                       | CUSIP: N/A<br>LEI: 984500FEDAC7FBD96273       | Long             | EP               | CORP              | US        |    945000 | NS      | $134662500.00  | 0.34%             |  |  |  | No            |                  3 | On Loan: No      |
| DENALI THERAPEUTICS INC                                                  | DENALI THERAPEUTICS INC                                                                              | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |   1024429 | NS      | $15643030.83   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC                                                               | DEXCOM INC                                                                                           | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |   1003667 | NS      | $75616271.78   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EPIC GAMES INC                                                           | EPIC GAMES INC PP (DRS) (NOT LISTED OR TRADING)                                                      | CUSIP: N/A<br>LEI: 549300I2RHITL4UP9K78       | Long             | EC               | CORP              | US        |     84438 | NS      | $56488177.62   | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| STRIPE INC                                                               | STRIPE INC CL B PP (PHYSICAL) (NOT LISTED OR TRADING)                                                | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EC               | CORP              | US        |     52548 | NS      | $1865454.00    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| STRIPE INC                                                               | STRIPE INC PFD SER H 6.00% NON-CUM PP (PHYSICAL) (NOT LISTED OR TRADING)                             | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EP               | CORP              | US        |     22617 | NS      | $802903.50     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| STRIPE INC                                                               | STRIPE INC CL B PP (DRS) (NOT LISTED OR TRADING)                                                     | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EC               | CORP              | US        |     11038 | NS      | $391849.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GE VERNOVA INC                                                           | GE VERNOVA INC                                                                                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |    129407 | NS      | $79322608.79   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAC HOLDINGS INC                                                     | GENERAC HOLDINGS INC                                                                                 | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    190930 | NS      | $35369782.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                                             | ALPHABET INC CL C                                                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2206916 | NS      | $471242773.48  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                                             | ALPHABET INC CL A                                                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1401156 | NS      | $298320123.96  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                                            | HDFC BANK LTD                                                                                        | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   9360138 | NS      | $100870953.64  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC                                            | HILTON WORLDWIDE HOLDINGS INC                                                                        | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    121669 | NS      | $33587944.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                                                        | HERC HOLDINGS INC                                                                                    | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |    469744 | NS      | $61437817.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTERNATIONAL                                                     | HERMES INTERNATIONAL                                                                                 | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |     25000 | NS      | $61112551.13   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                            | INTERCONTINENTAL EXCHANGE INC                                                                        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    414456 | NS      | $73192929.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ICG PLC                                                                  | ICG PLC                                                                                              | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |   2325038 | NS      | $68628648.54   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG                                                 | INFINEON TECHNOLOGIES AG NAMEN                                                                       | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |   1559847 | NS      | $63953328.91   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I GROUP PLC                                                             | 3I GROUP PLC                                                                                         | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |   3001550 | NS      | $163103511.42  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                             | ILLUMINA INC                                                                                         | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |   2668036 | NS      | $266696878.56  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS INC                                                | IONIS PHARMACEUTICALS INC                                                                            | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |   3207752 | NS      | $136762506.52  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HOLDINGS INC                                                       | IQVIA HOLDINGS INC                                                                                   | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |    193700 | NS      | $36959897.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL-RAND INC                                                       | INGERSOLL-RAND INC                                                                                   | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    607409 | NS      | $48246496.87   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC                                                 | IRHYTHM TECHNOLOGIES INC                                                                             | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |    625218 | NS      | $106274555.64  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC                                                   | INTUITIVE SURGICAL INC                                                                               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     34848 | NS      | $16493384.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMORGAN CHASE & CO                                                                                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    207450 | NS      | $62529579.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                                                             | KKR & CO INC                                                                                         | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |   1580235 | NS      | $220426980.15  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                                                                 | KLA CORP                                                                                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    159862 | NS      | $139399664.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KRYSTAL BIOTECH INC                                                      | KRYSTAL BIOTECH INC                                                                                  | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     51144 | NS      | $7553968.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY (NEW)                                       | LINDE PUBLIC LIMITED COMPANY (NEW)                                                                   | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |    106761 | NS      | $51062718.69   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                                                    | LUMENTUM HOLDINGS INC                                                                                | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |   2666578 | NS      | $354148224.18  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND CO                                                         | ELI LILLY AND CO                                                                                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |   1112150 | NS      | $814738847.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHT & WONDER INC                                                       | LIGHT & WONDER INC                                                                                   | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |    295898 | NS      | $27361688.06   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                            | LIVE NATION ENTERTAINMENT INC                                                                        | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    487809 | NS      | $81215320.41   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO - SHORT-TERM INVESTMENTS TRUST - GOVERNMENT AND AGENCY PORTFOLIO | INVESCO - SHORT-TERM INVESTMENTS TRUST - GOVERNMENT AND AGENCY PORTFOLIO                             | CUSIP: 825252885<br>LEI: N/A                  | Long             | EC               | RF                | US        |   7654362 | PA      | $7654362.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** New Economy Fund

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Lead Analyst