# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-160120
**Filing Date:** 2025-6
**Character Count:** 143272
**Document Hash:** abe50e41b57e54f004ccab5b58b42f79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160120.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160120

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251080055

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $445228983.52

**Total Liabilities:** $2855843.61

**Net Assets:** $442373139.91

**Cash Not Reported:** $893002.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129296 | -0.09%               | -2.61%               | 1.20%                |
| Class ID C000066372 | 0.00%                | -2.56%               | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15712217.29             | $-15338102.39                              |
| Month 2  | $10331.54                | $-12574770.09                              |
| Month 3  | $5759.18                 | $4415681.67                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nomura Research Institute, Ltd.                    | NOMURA RESEARCH INSTITUTE LTD                 | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |     30500 | NS      | $1155118.19   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                                          | NOKIA OYJ                                     | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |     43744 | NS      | $218653.88    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES, INC.                              | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     40314 | NS      | $4295053.56   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                        | TOKIO MARINE HOLDINGS INC                     | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      6400 | NS      | $256562.94    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.                         | MANHATTAN ASSOCIATES INC                      | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      4232 | NS      | $750714.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| X 5 RETAIL GROUP NV REGS GDR                       | X 5 RETAIL GROUP NV REGS GDR                  | CUSIP: 98387E205<br>LEI: N/A                  | Long             |  | CORP              | RU        |     18705 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ABBVIE INC.                                        | ABBVIE INC                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     25251 | NS      | $4926470.10   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL SA                                         | L OREAL SA                                    | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      1121 | NS      | $495263.51    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                   | COCA COLA HBC AG                              | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |      4289 | NS      | $223310.25    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS GROUP PLC                                  | COMPASS GROUP PLC                             | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |      9332 | NS      | $314578.93    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co., Ltd.                          | OTSUKA HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3800 | NS      | $185278.85    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                         | CRH PLC                                       | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      3993 | NS      | $381012.06    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kansai Electric Power Company, Incorporated    | KANSAI ELECTRIC POWER COMPANY                 | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |      6900 | NS      | $85022.90     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS COMPANY                             | GENERAL MOTORS CO                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      8340 | NS      | $377301.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US, INC.                                  | T MOBILE US INC                               | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1652 | NS      | $407961.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                  | ASML HOLDING N V                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      2497 | NS      | $1671367.29   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                              | DOMINION ENERGY INC                           | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      6991 | NS      | $380170.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                          | T ROWE PRICE GROUP INC                        | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       733 | NS      | $64907.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                      | ALPHABET INC CLASS A                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     14435 | NS      | $2292278.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                             | VERISK ANALYTICS INC                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      6009 | NS      | $1781247.87   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND     | GLDMN SCHS FIN SQ GV-FST                      | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    590008 | NS      | $590007.89    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                              | ANGLOGOLD ASHANTI PLC                         | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      3068 | NS      | $127791.91    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MCKESSON CORPORATION                               | MCKESSON CORP                                 | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4968 | NS      | $3541140.72   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UNI-PRESIDENT ENTERPRISES CORP.                    | UNI PRESIDENT ENTERPRISES CORP                | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |    186730 | NS      | $448911.07    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                 | AGRICULTURAL BANK OF CHINA LTD                | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |    342000 | NS      | $208699.47    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTRAND LIMITED                                  | FIRSTRAND LTD                                 | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     20352 | NS      | $79725.53     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC LIMITED                                        | ITC LTD                                       | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    212509 | NS      | $1070046.26   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO., LTD.                    | CHUGAI PHARMACEUTICAL COMPANY LTD             | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |     20300 | NS      | $1169636.68   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| EVA AIRWAYS CORPORATION                            | EVA AIRWAYS CORP                              | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |    188000 | NS      | $225897.09    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                              | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     22760 | NS      | $8996117.60   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.                            | TJX COS INC                                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     11410 | NS      | $1468238.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                | FIFTH THIRD BANCORP                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      7881 | NS      | $283243.14    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITUAN                                            | MEITUAN                                       | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |      8900 | NS      | $147365.00    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK LEUMI LE ISRAEL B.M.                          | BANK LEUMI LE ISRAEL BM                       | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     12994 | NS      | $184682.95    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| WALMART INC.                                       | WALMART INC                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      7549 | NS      | $734140.25    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                      | BROADCOM INC                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      8984 | NS      | $1729150.48   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORPORATION                         | OTIS WORLDWIDE CORP                           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     27680 | NS      | $2664753.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                       | GODADDY INC CLASS A                           | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      7692 | NS      | $1448634.36   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARTI AIRTEL LIMITED                              | BHARTI AIRTEL LTD                             | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      6187 | NS      | $136482.44    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                         | KIMBERLY CLARK CORP                           | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     16015 | NS      | $2110456.70   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                           | AMERICAN EXPRESS CO                           | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1684 | NS      | $448634.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                                        | NESTLE SA                                     | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     24965 | NS      | $2658336.62   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                             | DBS GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |      5100 | NS      | $165732.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRICA PLC                                       | CENTRICA PLC                                  | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    102384 | NS      | $219174.18    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola, S.A.                                    | IBERDROLA SA                                  | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     16296 | NS      | $293709.06    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubu Electric Power Company, Incorporated         | CHUBU ELECTRIC POWER CO INC                   | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |      7700 | NS      | $100000.96    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                | DEUTSCHE TELEKOM AG REG                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |      6907 | NS      | $248048.41    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AMAZON.COM, INC.                                   | AMAZON COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1207 | NS      | $222594.94    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                          | WR BERKLEY CORP                               | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     27081 | NS      | $1941436.89   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                 | MERCADOLIBRE INC                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1100 | NS      | $2563935.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER GRID CORPORATION OF INDIA LIMITED            | POWER GRID CORP OF INDIA LTD                  | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               |  | IN        |     44709 | NS      | $162390.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Elisa Oyj                                          | ELISA OYJ                                     | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |     17934 | NS      | $956612.31    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI ROTEM CO LTD                               | HYUNDAI ROTEM CO LTD                          | CUSIP: Y3R36Z108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4636 | NS      | $365456.40    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia, SGPS, S.A.                           | GALP ENERGIA SGPS SA                          | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      4775 | NS      | $73972.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTINET, INC.                                     | FORTINET INC                                  | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     31462 | NS      | $3264497.12   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                         | ARISTOCRAT LEISURE LTD                        | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      3065 | NS      | $130872.89    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BP P.L.C.                                          | BP PLC                                        | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    161938 | NS      | $747617.61    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco Aktiebolag                             | ATLAS COPCO AB                                | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |      8773 | NS      | $135888.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coterra Energy Inc.                                | COTERRA ENERCOTERRA ENERGY INC                | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     11158 | NS      | $274040.48    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN LIFE FINANCIAL INC                             | SUN LIFE FINANCIAL INC                        | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |      4624 | NS      | $275581.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                         | AMERIPRISE FINANCIAL INC                      | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      6602 | NS      | $3109674.04   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX, INC.                                      | NETFLIX INC                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1096 | NS      | $1240365.12   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.              | BANCO BILBAO VIZCAYA ARGENTARIA SA            | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    173432 | NS      | $2379861.41   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ELI LILLY AND COMPANY                              | ELI LILLY CO                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3068 | NS      | $2757978.60   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc.                             | TFI INTERNATIONAL INC                         | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |      5125 | NS      | $416685.11    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORPORATION                                    | KIA CORP                                      | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     18194 | NS      | $1156450.85   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                        | RELX PLC                                      | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     46351 | NS      | $2529228.18   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| WANT WANT CHINA HOLDINGS LIMITED                   | WANT WANT CHINA HOLDINGS LTD                  | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | KY        |    260000 | NS      | $170151.97    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE SA                                           | ENGIE                                         | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     18331 | NS      | $378819.30    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITANNIA INDUSTRIES LTD                           | BRITANNIA INDUSTRIES LTD                      | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |     10744 | NS      | $691728.92    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PROLOGIS, INC.                                     | PROLOGIS INC                                  | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      4119 | NS      | $420961.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                    | KLA CORP                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      4970 | NS      | $3492369.30   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HAVELLS INDIA LIMITED                              | HAVELLS INDIA LTD                             | CUSIP: N/A<br>LEI: 549300U1LOGHTTNT7D47       | Long             | EC               | CORP              | IN        |     33209 | NS      | $628877.77    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA COMMUNICATIONS LIMITED                        | TATA COMMUNICATIONS LTD                       | CUSIP: N/A<br>LEI: 3358004PBWAYF65RLI81       | Long             | EC               | CORP              | IN        |     29219 | NS      | $550115.91    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS, INC.                            | DELTA ELECTRONICS INC                         | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     11000 | NS      | $115303.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.       | TAIWAN SEMICONDUCTOR MANUFACTU                | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     26000 | NS      | $736974.84    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG RESOURCES, INC.                                | EOG RESOURCES INC                             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     42530 | NS      | $4692334.90   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA | CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA  | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |      2394 | NS      | $87526.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                 | GILDAN ACTIVEWEAR INC                         | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      2802 | NS      | $129143.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SHERWIN-WILLIAMS COMPANY                       | SHERWIN WILLIAMS CO                           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      5038 | NS      | $1778010.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                        | LOCKHEED MARTIN CORP                          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     12105 | NS      | $5783163.75   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| A. O. SMITH CORPORATION                            | AO SMITH CORP                                 | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      1209 | NS      | $82042.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi, Ltd.                                      | HITACHI LTD                                   | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |      9765 | NS      | $241380.74    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| VERISIGN, INC.                                     | VERISIGN INC                                  | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      3077 | NS      | $868083.24    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                     | AUTODESK INC                                  | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1986 | NS      | $544660.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LES COMPAGNIES LOBLAW LIMITEE                      | LOBLAW COMPANIES LTD                          | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      2003 | NS      | $325211.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY                   | ACCENTURE PLC                                 | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      8157 | NS      | $2440166.55   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| DB INSURANCE CO.,LTD                               | DB INSURANCE CO LTD                           | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      3221 | NS      | $207543.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                         | BUILDERS FIRSTSOURCE INC                      | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      2309 | NS      | $276225.67    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                                 | SUNCOR ENERGY INC                             | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     42736 | NS      | $1509587.81   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                         | 3M CO                                         | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      3232 | NS      | $448957.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                              | KONGSBERG GRUPPEN ASA                         | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |      7664 | NS      | $1235936.88   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech international S.A.                        | LOGITECH INTERNATIONAL SA                     | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |      7808 | NS      | $593582.22    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Software Inc.                        | CONSTELLATION SOFTWARE INC CANADA             | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       531 | NS      | $1913953.75   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN N.V.                               | KONINKLIJKE KPN NV                            | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    273774 | NS      | $1273382.23   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| PULTEGROUP, INC.                                   | PULTEGROUP INC                                | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3373 | NS      | $346002.34    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                                      | GARTNER INC                                   | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      4102 | NS      | $1727270.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                   | NOVO NORDISK                                  | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     15045 | NS      | $1006084.13   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc.                                | CENOVUS ENERGY INC                            | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     26487 | NS      | $311871.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORPORATION                                  | LOEWS CORP                                    | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      1924 | NS      | $167060.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                             | TRANE TECHNOLOGIES PLC                        | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      5671 | NS      | $2173751.01   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PUBLIC LIMITED COMPANY             | TE CONNECTIVITY PLC                           | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      2928 | NS      | $428600.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico, S.A.B. de C.V.                 | WAL MART DE MEXICO SA DE CV                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    278577 | NS      | $883029.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ISUZU MOTORS LIMITED                               | ISUZU MOTORS LTD                              | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     11600 | NS      | $156023.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND               | HSBC US GOVT MMKT-I                           | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    590008 | NS      | $590007.89    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                        | PROGRESSIVE CORP                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     20240 | NS      | $5702417.60   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                   | ROCHE HOLDING AG                              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     10868 | NS      | $3555195.31   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc.                                  | PDD HOLDINGS INC                              | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | KY        |      5721 | NS      | $603965.97    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HOLDINGS, INC.                              | LEIDOS HOLDINGS INC                           | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      2542 | NS      | $374131.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                             | STANDARD CHARTERED PLC                        | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     11213 | NS      | $161479.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CANON INC.                                         | CANON INC                                     | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |      5400 | NS      | $166665.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| LOWE'S COMPANIES, INC.                             | LOWE S COS INC                                | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     13895 | NS      | $3106366.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| RATIONAL Aktiengesellschaft                        | RATIONAL AG                                   | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |       300 | NS      | $257374.94    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                         | TORONTO DOMINION BANK                         | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      9411 | NS      | $601432.81    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                              | ARISTA NETWORKS INC                           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     13644 | NS      | $1122491.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr DIY Group (M) Bhd                               | MR DIY GROUP M BHD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    419900 | NS      | $163820.38    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Everest Group, Ltd.                                | EVEREST GROUP LTD                             | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       248 | NS      | $88989.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ASICS Corporation                                  | ASICS CORP                                    | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     36500 | NS      | $784642.34    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| APPLE INC.                                         | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     92069 | NS      | $19564662.50  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                          | VALE SA                                       | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |     15197 | NS      | $141565.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORPORATION                         | NORTHERN TRUST CORP                           | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      2874 | NS      | $270098.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FDJ UNITED                                         | FDJ UNITED                                    | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |     25595 | NS      | $912186.68    | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                          | O REILLY AUTOMOTIVE INC                       | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      3789 | NS      | $5362192.80   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESS METAL ALUMINIUM HOLDINGS BERHAD              | PRESS METAL ALUMINUM HOLDINGS                 | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47       | Long             | EC               | CORP              | MY        |    225200 | NS      | $256133.27    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO              | INVESCO GVT & AGNCY-INST                      | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    590008 | NS      | $590007.89    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                          | AT T INC                                      | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     23496 | NS      | $650839.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                | CHINA CONSTRUCTION BANK CORP                  | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |    293000 | NS      | $240684.58    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Jubilant FoodWorks Limited                         | JUBILANT FOODWORKS LTD                        | CUSIP: N/A<br>LEI: 9845000D3B99893F5B14       | Long             | EC               | CORP              | IN        |     20546 | NS      | $173744.12    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DROPBOX, INC.                                      | DROPBOX INC                                   | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      2514 | NS      | $71774.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                           | MASTERCARD INC CLASS A                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     12503 | NS      | $6852394.18   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico, S.A.B. de C.V.           | KIMBERLY CLARK DE MEXICO SAB DE CV            | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    106286 | NS      | $187397.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA COMPUTER INC.                               | QUANTA COMPUTER INC                           | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |     10000 | NS      | $75155.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                            | BRISTOL MYERS SQUIBB CO                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     19712 | NS      | $989542.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co.,Ltd.                          | RECRUIT HOLDINGS CO LTD                       | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     34400 | NS      | $1906551.36   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                               | JPMORGAN CHASE CO                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4308 | NS      | $1053822.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL - SPA                                         | ENEL SPA                                      | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     29490 | NS      | $255613.01    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CHOW TAI FOOK JEWELLERY GROUP LIMITED              | CHOW TAI FOOK JEWELLERY GROUP LTD             | CUSIP: N/A<br>LEI: 254900VXRL7SRSF44G79       | Long             | EC               | CORP              | KY        |    485800 | NS      | $649440.24    | 0.15%             |  |  |  | No            |                  2 | On Loan: —       |
| MARICO LIMITED                                     | MARICO LTD                                    | CUSIP: N/A<br>LEI: 3358003SFDQFGJPC5O84       | Long             | EC               | CORP              | IN        |     36224 | NS      | $304566.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA TSUSHO CORPORATION                          | TOYOTA TSUSHO CORPORATION                     | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     10500 | NS      | $208692.78    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                           | ROLLS ROYCE HOLDINGS PLC                      | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     33407 | NS      | $338110.06    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                         | BHARAT ELECTRONICS LTD                        | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |     39714 | NS      | $147726.07    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari N.V.                                       | FERRARI NV                                    | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      1982 | NS      | $907197.10    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR COMPANY                              | HYUNDAI MOTOR CO                              | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |       581 | NS      | $77864.67     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                       | CF INDUSTRIES HOLDINGS INC                    | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     16050 | NS      | $1257838.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Company Limited                         | PETROCHINA CO LTD                             | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    848000 | NS      | $648005.87    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                    | UNITED THERAPEUTICS CORP                      | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       839 | NS      | $254292.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                               | SCHINDLER HOLDING AG                          | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |       318 | NS      | $116356.22    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DOCUSIGN, INC.                                     | DOCUSIGN INC                                  | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      5416 | NS      | $442758.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC.                          | LENNOX INTERNATIONAL INC                      | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |       620 | NS      | $338985.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group Aktiengesellschaft                       | MG TECHNOLOGIES AG                            | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     13940 | NS      | $909316.60    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| THE ALLSTATE CORPORATION                           | ALLSTATE CORP THE                             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1934 | NS      | $383686.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                     | MONOLITHIC POWER SYSTEMS INC                  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1610 | NS      | $954891.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KONE Oyj                                           | KONE OYJ                                      | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     37094 | NS      | $2296983.69   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORPORATION                          | EXPAND ENERGY CORP                            | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      3289 | NS      | $341727.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                         | ADOBE INC                                     | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      8326 | NS      | $3122083.48   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED    | INDUSTRIAL COMMERCIAL BANK OF CHINA LTD       | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |    425000 | NS      | $291137.35    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORPORATION                           | LAM RESEARCH CORP                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     35135 | NS      | $2518125.45   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                         | BANDAI NAMCO HOLDINGS INC                     | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |      5300 | NS      | $184214.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                   | PACKAGING CORP OF AMERICA                     | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1783 | NS      | $330942.63    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC.                          | FERGUSON ENTERPRISES INC                      | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      2787 | NS      | $472842.42    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                                  | EMCOR GROUP INC                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      4009 | NS      | $1606406.30   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                           | VIPSHOP HOLDINGS LTD ADR                      | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             |  | CORP              | KY        |     35070 | NS      | $477653.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                            | APPLIED MATERIALS INC                         | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     13186 | NS      | $1987262.06   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Topsports International Holdings Ltd               | TOPSPORTS INTERNATIONAL HOLD                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    339000 | NS      | $134775.34    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                  | JOHNSON JOHNSON                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     26328 | NS      | $4115329.68   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                            | HEIDELBERG MATERIALS AG                       | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1710 | NS      | $341805.19    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP.              | TINGYI CAYMAN ISLANDS HOLDING CORP            | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |    138000 | NS      | $249280.13    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF CHINA LIMITED                              | BANK OF CHINA LTD                             | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |    650000 | NS      | $362952.13    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PRYSMIAN S.P.A.                                    | PRYSMIAN SPA                                  | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |      2040 | NS      | $112046.35    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                       | EVERGY INC                                    | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      4568 | NS      | $315648.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANTECH Co., Ltd.                                | ADVANTECH CO LTD                              | CUSIP: N/A<br>LEI: 2549002OSTKE9HB9IY03       | Long             | EC               | CORP              | TW        |     75295 | NS      | $789098.99    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER BANK POLSKA SPOLKA AKCYJNA               | SANTANDER BANK POLSKA SA                      | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |      7257 | NS      | $1116851.07   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                  | TATA CONSULTANCY SERVICES LTD                 | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     28738 | NS      | $1173151.70   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| HP INC.                                            | HP INC                                        | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     12552 | NS      | $320954.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTESCUE LTD                                      | FORTESCUE LTD                                 | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     14223 | NS      | $146856.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA, INC.                                      | CENCORA INC                                   | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1433 | NS      | $419396.11    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                          | COLGATE PALMOLIVE CO                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     57730 | NS      | $5322128.70   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.             | CHECK POINT SOFTWARE TECHNOLOGIES             | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      7245 | NS      | $1590712.20   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                    | PRO MEDICUS LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       725 | NS      | $106282.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                          | CTS EVENTIM AG CO KGAA                        | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |      3122 | NS      | $369865.64    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NISOURCE INC.                                      | NISOURCE INC                                  | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      8909 | NS      | $348430.99    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION        | INTERNATIONAL BUSINESS MACHINES CORP          | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2276 | NS      | $550382.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LIMITED                                   | BRAMBLES LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     12096 | NS      | $158924.64    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                    | NORSK HYDRO ASA                               | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     27829 | NS      | $147760.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital Public Company Limited         | BUMRUNGRAD HOSPITAL PCL                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |     24900 | NS      | $122699.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BANK GROUP LIMITED                        | STANDARD BANK GROUP LTD                       | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |     10189 | NS      | $127306.49    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INNER MONGOLIA YITAI COAL CO., LTD                 | INNER MONGOLIA YITAI COAL CO LTD              | CUSIP: N/A<br>LEI: 529900OW9OHPX81B0T69       | Long             | EC               | CORP              | CN        |    403100 | NS      | $801679.34    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                  | TELKOM INDONESIA PERSERO                      | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   2981000 | NS      | $470002.78    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TENARIS S.A.                                       | TENARIS SA                                    | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |      8067 | NS      | $134498.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Alamtri Resources Indonesia Tbk                 | ALAMTRI RESOURCES INDONESIA TB                | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   2210200 | NS      | $253254.88    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                       | PROCTER GAMBLE CO                             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     36871 | NS      | $5994118.47   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                    | CARLISLE COMPANIES INC                        | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      3624 | NS      | $1375235.52   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL TECHNOLOGIES LIMITED                           | HCL TECHNOLOGIES LTD                          | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     24535 | NS      | $455100.13    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SEI INVESTMENTS COMPANY                            | SEI INVESTMENTS CO                            | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      9822 | NS      | $768964.38    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                              | DELTA AIR LINES INC                           | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      3204 | NS      | $133382.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC HOLDINGS PLC                             | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |     28600 | NS      | $318766.65    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES COMPANY LIMITED              | TECHTRONIC INDUSTRIES CO                      | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |     36500 | NS      | $367344.81    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE INC CANADA                  | CONSTELLATION SOFTWARE INC CANADA             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |      1403 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CONOCOPHILLIPS                                     | CONOCOPHILLIPS                                | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     13556 | NS      | $1208110.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                          | NVR INC                                       | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        55 | NS      | $391916.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE, INC.                                     | RELIANCE INC                                  | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1095 | NS      | $315611.85    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries N.V.                   | BE SEMICONDUCTOR INDUSTRIES                   | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |      1178 | NS      | $127564.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co., Ltd.                   | ASE TECHNOLOGY HOLDING CO LTD                 | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |     19000 | NS      | $80993.15     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                        | LUKOIL PJSC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |     34009 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PFIZER INC.                                        | PFIZER INC                                    | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     18889 | NS      | $461080.49    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGE INDUSTRIES LIMITED                            | PAGE INDUSTRIES LTD                           | CUSIP: N/A<br>LEI: 335800D6UFCCKUP3KD53       | Long             | EC               | CORP              | IN        |       383 | NS      | $206499.31    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FAST RETAILING CO., LTD.                           | FAST RETAILING CO LTD                         | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      2400 | NS      | $789577.90    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                                | ERSTE GROUP BANK AG                           | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |      2742 | NS      | $185667.20    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSEN SA                                           | IPSEN SA                                      | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |      3695 | NS      | $429680.98    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINO'S PIZZA, INC.                               | DOMINO S PIZZA INC                            | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      2267 | NS      | $1111668.79   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                | CISCO SYSTEMS INC                             | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      9726 | NS      | $561481.98    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORPORATION                                  | MASCO CORP                                    | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      2185 | NS      | $132432.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC.                                          | MSCI INC COMMON                               | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      5435 | NS      | $2962672.85   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.           | YANGZIJIANG SHIPBUILDING HOLDINGS LTD         | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    106200 | NS      | $181958.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Company Limited               | CHINA LIFE INSURANCE CO                       | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     86000 | NS      | $157177.26    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                         | ALLIANZ SE                                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |       391 | NS      | $161686.33    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuehne + Nagel International AG                    | KUEHNE NAGEL INTL                             | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |      2180 | NS      | $502260.47    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc.                                      | MEDIATEK INC                                  | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     19000 | NS      | $807671.33    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDIBANK PRIVATE LIMITED                           | MEDIBANK PRIVATE LTD                          | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               |  | AU        |    744302 | NS      | $2213580.35   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                              | CAMDEN PROPERTY TRUST                         | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      4811 | NS      | $547491.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EMS-CHEMIE HOLDING AG                              | EMS CHEMIE HOLDING AG                         | CUSIP: N/A<br>LEI: 529900G1XFTGSE0DIX60       | Long             | EC               | CORP              | CH        |       491 | NS      | $362168.46    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                        | DECKERS OUTDOOR CORP                          | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     11231 | NS      | $1244731.73   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                 | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    133749 | NS      | $14567941.08  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                       | CHIPOTLE MEXICAN GRILL INC                    | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21819 | NS      | $1102295.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                                | SYNCHRONY FINANCIAL                           | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      7201 | NS      | $374091.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICAL INDUSTRIES LIMITED             | TEVA PHARMACEUTICAL INDUSTRIES LTD            | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             |  | CORP              | IL        |     10544 | NS      | $163537.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                            | GSK PLC                                       | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    106226 | NS      | $2101117.38   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil, S.A.                   | INDUSTRIA DE DISENO TEXTIL SA INDITEX         | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     43066 | NS      | $2315555.97   | 0.52%             |  |  |  | No            |                  2 | On Loan: —       |
| NETAPP, INC.                                       | NETAPP INC                                    | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      3167 | NS      | $284238.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                 | BEST BUY CO INC                               | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      4055 | NS      | $270427.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                                            | ABB LIMITED                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     22684 | NS      | $1198467.15   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                  | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1780 | NS      | $320862.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIMENTATION COUCHE-TARD INC.                      | ALIMENTATION COUCHE TARD INC                  | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     13669 | NS      | $713596.37    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                      | GOLDMAN SACHS GROUP INC THE                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       784 | NS      | $429279.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                    | AUTOMATIC DATA PROCESSING INC                 | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     12756 | NS      | $3834453.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                               | SOUTHERN CO                                   | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      4429 | NS      | $406980.81    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LIMITED                                  | BHP GROUP LIMITED                             | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     84775 | NS      | $2020029.46   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC.                              | BOOKING HOLDINGS INC                          | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1146 | NS      | $5843774.88   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SGS SA                                             | SGS SA                                        | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |      8715 | NS      | $851478.22    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| UNILEVER PLC                                       | UNILEVER PLC                                  | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     35025 | NS      | $2229698.85   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CG POWER AND INDUSTRIAL SOLUTIONS LIMITED          | CG POWER INDUSTRIAL SOLUTIONS LTD             | CUSIP: N/A<br>LEI: 335800KN5UTZKUZN2703       | Long             | EC               | CORP              | IN        |     33983 | NS      | $251866.93    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                             | FAIR ISAAC CORP                               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1892 | NS      | $3764474.56   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PIDILITE INDUSTRIES LIMITED                        | PIDILITE INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 335800APXGEBZ349GN74       | Long             | EC               | CORP              | IN        |     19094 | NS      | $686471.24    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION JAPAN                           | ORACLE CORP JAPAN                             | CUSIP: N/A<br>LEI: 529900MIMKY9RU60Z323       | Long             | EC               | CORP              | JP        |     18200 | NS      | $2188335.94   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED              | SUN PHARMACEUTICAL INDUSTRIES LTD             | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |      8901 | NS      | $193061.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| WH GROUP LIMITED                                   | WH GROUP LTD                                  | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    165500 | NS      | $147995.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co Ltd                 | SITC INTERNATIONAL HOLDINGS CO LTD            | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    145000 | NS      | $401509.96    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.       | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |     16320 | NS      | $2720380.80   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer N.V.                                | WOLTERS KLUWER NV                             | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |     12237 | NS      | $2160255.73   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| F5, INC.                                           | F5 Inc                                        | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1157 | NS      | $306304.18    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.           | GRUPO FINANCIERO BANORTE SAB DE CV            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     54732 | NS      | $470415.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO P.L.C.                    | BRITISH AMERICAN TOBACCO PLC                  | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |      3863 | NS      | $168240.33    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC                  | INTERCONTINENTAL HOTELS GROUP PLC             | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |     12200 | NS      | $1301663.61   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION                                 | CINTAS CORP                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24553 | NS      | $5197379.04   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WOOLWORTHS GROUP LIMITED                           | WOOLWORTHS GROUP LTD                          | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |     53124 | NS      | $1071933.69   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MEG Energy Corp.                                   | MEG ENERGY CORP                               | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |     48403 | NS      | $679130.89    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma, S.A.B. de C.V.                              | GRUMA SAB DE CV                               | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |      8873 | NS      | $169594.81    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                        | NOVARTIS AG                                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     31644 | NS      | $3610757.48   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                          | SHELL PLC                                     | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     53132 | NS      | $1714402.06   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp.                        | REALTEK SEMICONDUCTOR CORP                    | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     66000 | NS      | $1085385.48   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HAIDILAO INTERNATIONAL HOLDING LTD.                | HAIDILAO INTERNATIONAL HOLDING LTD            | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |    182000 | NS      | $409793.58    | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| INTERTEK GROUP PLC                                 | INTERTEK GROUP PLC                            | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |      5594 | NS      | $343502.80    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS PLC                                | IMPERIAL BRANDS PLC                           | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     61852 | NS      | $2537591.00   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHABET INC.                                      | ALPHABET INC CLASS C                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     55842 | NS      | $8984419.38   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Central Asia Tbk                           | BANK CENTRAL ASIA TBK PT                      | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |   2207000 | NS      | $1173794.05   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BOSIDENG INTERNATIONAL HOLDINGS LIMITED            | BOSIDENG INTERNATIONAL HOLDINGS LTD           | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    922000 | NS      | $477101.52    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED        | OVERSEA CHINESE BANKING CORP LTD              | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    130000 | NS      | $1609219.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT Trust and HKT Limited                          | HKT TRUST HKT LTD                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | HK        |     75000 | NS      | $106726.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)               | PETROLEO BRASILEIRO SA                        | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    207700 | NS      | $1097704.30   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                   | BOC HONG KONG HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    317000 | NS      | $1315070.44   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                    | TELEFONAKTIEBOLAGET LM ERICSSON               | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     24805 | NS      | $209682.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Rakyat Indonesia (Persero) Tbk             | PT BANK RAKYAT INDONESIA                      | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |   3030300 | NS      | $702058.45    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLINS, INC.                                      | ROLLINS INC                                   | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     20081 | NS      | $1147227.53   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive (India) Ltd                      | COLGATE PALMOLIVE INDIA LTD                   | CUSIP: N/A<br>LEI: 335800YWKI47DGFKWB26       | Long             | EC               | CORP              | IN        |     10038 | NS      | $307622.10    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CUMMINS INDIA LIMITED                              | CUMMINS INDIA LTD                             | CUSIP: N/A<br>LEI: 3358002PR6NKJRU4YS77       | Long             | EC               | CORP              | IN        |      6235 | NS      | $214089.90    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings, Inc.                                 | SBI HOLDINGS INC JAPAN                        | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |      5400 | NS      | $142010.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                               | EDISON INTERNATIONAL                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      7384 | NS      | $395117.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                                      | OWENS CORNING INC                             | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      1727 | NS      | $251123.07    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                   | TOTALENERGIES SE                              | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     26458 | NS      | $1506714.14   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE            | CANADIAN IMPERIAL BANK OF COMM                | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     10490 | NS      | $661713.22    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                       | COSTCO WHOLESALE CORP                         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3262 | NS      | $3244059.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HOME DEPOT, INC.                               | HOME DEPOT INC THE                            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4341 | NS      | $1564887.09   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                                  | ULTA BEAUTY INC                               | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      3255 | NS      | $1287808.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT PLC                                           | NEXT PLC                                      | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |     12826 | NS      | $2115667.10   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TORRENT PHARMACEUTICALS LTD                        | TORRENT PHARMACEUTICALS LTD                   | CUSIP: N/A<br>LEI: 335800NA6HK275RIJE13       | Long             | EC               | CORP              | IN        |      7102 | NS      | $279318.38    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO TINTO PLC                                      | RIO TINTO PLC                                 | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |      4454 | NS      | $265371.06    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL INC.                  | METTLER TOLEDO INTERNATIONAL                  | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1475 | NS      | $1579090.75   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co., Ltd.                                 | NINTENDO CO LTD                               | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     11200 | NS      | $929953.98    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                     | MARATHON PETROLEUM CORP                       | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      5977 | NS      | $821299.57    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                   | PHILIP MORRIS INTERNATIONAL INC               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     45423 | NS      | $7783685.28   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Talanx Aktiengesellschaft                          | TALANX AG                                     | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |     11080 | NS      | $1271456.50   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| AUTOZONE, INC.                                     | AUTOZONE INC                                  | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       493 | NS      | $1854961.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                         | GEBERIT AG                                    | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |      3299 | NS      | $2286253.75   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                               | SOMPO HOLDINGS INC                            | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |      7500 | NS      | $245817.60    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DOLLARAMA INC.                                     | DOLLARAMA INC                                 | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     20245 | NS      | $2498312.90   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                              | BANCO SANTANDER SA                            | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     31300 | NS      | $220348.76    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                        | HERMES INTERNATIONAL                          | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       559 | NS      | $1537139.89   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORPORATION                         | AMERICAN TOWER CORP REIT                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      2491 | NS      | $561496.31    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| COLES GROUP LIMITED                                | COLES GROUP LTD                               | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |     94912 | NS      | $1288587.76   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| THE KROGER CO.                                     | KROGER CO THE                                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      1342 | NS      | $96905.82     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Company Limited               | CHINA SHENHUA ENERGY CO LTD                   | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    188000 | NS      | $706549.76    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                                          | ORION OYJ                                     | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |     30854 | NS      | $1931551.40   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCK & CO., INC.                                  | MERCK CO INC                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     40565 | NS      | $3456138.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE PLC                                       | GLENCORE PLC                                  | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |     40419 | NS      | $132503.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| W.W. GRAINGER, INC.                                | WW GRAINGER INC                               | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      2989 | NS      | $3061662.59   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN PLC                                 | ANGLO AMERICAN PLC                            | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |      5922 | NS      | $161636.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                          | PARTNERS GROUP HOLDING AG                     | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |        81 | NS      | $106177.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LENNAR CORPORATION                                 | LENNAR CORP CLASS A                           | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      2008 | NS      | $218088.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC.                                   | CATERPILLAR INC                               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      2312 | NS      | $715032.24    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD COMPANY LIMITED                                | BYD CO LTD                                    | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     33000 | NS      | $1567415.27   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| IDEXX LABORATORIES, INC.                           | IDEXX LABORATORIES INC                        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3087 | NS      | $1335590.55   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Giant Biogene Holding Co Ltd                       | GIANT BIOGENE HOLDING CO LTD                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     60800 | NS      | $628190.05    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shanghai Baosight Software Co., Ltd.               | SHANGHAI BAOSIGHT SOFTWARE CO LTD             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    128000 | NS      | $187928.24    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                        | VERIZON COMMUNICATIONS INC                    | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     11463 | NS      | $505059.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP, INC.                                | EXPEDIA GROUP INC                             | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7993 | NS      | $1254341.49   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES, INC.                        | HEALTHPEAK PROPERTIES INC                     | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     33383 | NS      | $595552.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                        | PANDORA A S                                   | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      7080 | NS      | $1054109.09   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CLICKS GROUP LIMITED                               | CLICKS GROUP LTD                              | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |     20014 | NS      | $426524.63    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding S.A.                         | ITAU UNIBANCO HOLDING S PREF                  | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    246120 | NS      | $1543207.65   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORPORATION                                   | HOYA CORP                                     | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     12500 | NS      | $1471031.80   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corporation of China Limited              | ALUMINUM CORP OF CHINA LTD                    | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |    202000 | NS      | $108423.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                      | PT BANK MANDIRI PERSERO TBK                   | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   2974800 | NS      | $878745.12    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                           | MOTOROLA SOLUTIONS INC                        | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       958 | NS      | $421893.62    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                                 | VERTIV HOLDINGS CO                            | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     10064 | NS      | $859264.32    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                           | DEVON ENERGY CORP                             | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     43215 | NS      | $1314168.15   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                   | ROCHE HOLDING AG                              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |       990 | NS      | $344544.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| A.P. MOELLER - MAERSK A/S                          | AP MOELLER MAERSK A S                         | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |        46 | NS      | $79218.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                    | UNITEDHEALTH GROUP INC                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      5298 | NS      | $2179809.12   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TELENOR ASA                                        | TELENOR ASA                                   | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |     12212 | NS      | $183602.28    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT Group AG                                       | VAT GROUP AG                                  | CUSIP: N/A<br>LEI: 529900MVFK7NVALR7Y83       | Long             | EC               | CORP              | CH        |       776 | NS      | $280247.13    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| INFOSYS LIMITED                                    | INFOSYS LIMITED                               | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     70319 | NS      | $1243168.87   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITEC BANK HOLDINGS LIMITED                      | CAPITEC BANK HOLDINGS LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      1730 | NS      | $321261.90    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.    | INTERNATIONAL CONTAINER TERMINAL SERVICES INC | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |     83250 | NS      | $509217.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LIMITED                                 | ICICI BANK LTD                                | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     90460 | NS      | $1520657.77   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Sumber Alfaria Trijaya Tbk                      | SUMBER ALFARIA TRIJAYA TBK PT                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |    839900 | NS      | $108761.72    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GEORGE WESTON LIMITEE.                             | GEORGE WESTON LIMITED                         | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |       645 | NS      | $125687.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                       | COMPAGNIE DE SAINT GOBAIN                     | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      3757 | NS      | $408397.51    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| APPLOVIN CORPORATION                               | APPLOVIN CORP                                 | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      4071 | NS      | $1096361.01   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC.                                        | DAVITA INC                                    | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |       475 | NS      | $67236.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                              | PAYPAL HOLDINGS INC                           | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      5294 | NS      | $348556.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG S.A.                                           | WEG SA                                        | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |     52900 | NS      | $416152.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VEDANTA LIMITED                                    | VEDANTA LTD                                   | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |    101083 | NS      | $501960.48    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico, S.A.B. de C.V.                       | GRUPO MEXICO SAB DE CV SERIES B               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     26764 | NS      | $139095.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                               | M T BANK CORP                                 | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      1605 | NS      | $272464.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Limited                                | GOLD FIELDS LTD                               | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |      6529 | NS      | $146513.07    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                               | META PLATFORMS INC                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     17590 | NS      | $9656910.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Trend Micro Incorporated                           | TREND MICRO INC JAPAN                         | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |     11500 | NS      | $825247.25    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BAJAJ AUTO LIMITED.                                | BAJAJ AUTO LTD                                | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |      4751 | NS      | $451405.21    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                       | CADENCE DESIGN SYSTEMS INC                    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      8067 | NS      | $2401868.58   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE, INC.                               | HCA HEALTHCARE INC                            | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1286 | NS      | $443772.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                         | MSILF GOVERNMENT-INST                         | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    590008 | NS      | $590007.87    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktiebolaget Volvo                                 | VOLVO AB                                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      7009 | NS      | $190661.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM INCORPORATED                              | QUALCOMM INC                                  | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     17380 | NS      | $2580234.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Limited                               | LENOVO GROUP LTD                              | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |    360000 | NS      | $416378.21    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Interglobe Aviation Ltd                            | INTERGLOBE AVIATION LTD                       | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |      4138 | NS      | $257859.61    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JD.COM, INC.                                       | JD COM INC                                    | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |      8300 | NS      | $135139.31    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Limited                           | TENCENT HOLDINGS LTD                          | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     10400 | NS      | $637026.23    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRBNB, INC.                                       | AIRBNB INC CLASS A                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     15076 | NS      | $1838065.92   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                 | DTE ENERGY CO                                 | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      3273 | NS      | $448401.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK OF RUSSIA PJSC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    409312 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TESCO PLC                                          | TESCO PLC                                     | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |     29324 | NS      | $145102.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                   | DHL GROUP                                     | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     16655 | NS      | $711537.27    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| LyondellBasell Industries N.V.                     | LYONDELLBASELL INDUSTRIES NV                  | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |      4130 | NS      | $240407.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                    | KONINKLIJKE AHOLD DELHAIZE NV                 | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     30863 | NS      | $1267031.67   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TATNEFT PJSC                                       | TATNEFT PJSC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |     90761 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                              | SCHNEIDER ELECTRIC SA                         | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1004 | NS      | $234548.18    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JABIL INC.                                         | JABIL INC                                     | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      2230 | NS      | $326828.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORPORATION                              | STARBUCKS CORP                                | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      5220 | NS      | $417861.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                              | CARDINAL HEALTH INC                           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3042 | NS      | $429804.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena, S.M.E., S.A.                                 | AENA SME SA                                   | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               |  | ES        |       627 | NS      | $157490.79    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WELLTOWER INC.                                     | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      4089 | NS      | $623940.51    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBARU CORPORATION                                 | SUBARU CORP                                   | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     50900 | NS      | $921821.98    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| NITTO DENKO CORPORATION                            | NITTO DENKO CORP                              | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     32300 | NS      | $567810.44    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                          | ZURICH INSURANCE GROUP AG                     | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       136 | NS      | $96501.72     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC.                  | FIDELITY NATIONAL FINANCIAL                   | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      5160 | NS      | $330498.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                 | ALTRIA GROUP INC                              | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    107542 | NS      | $6361109.30   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| XIAOMI CORPORATION                                 | XIAOMI CORP                                   | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |     33400 | NS      | $213838.97    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EQUINIX, INC.                                      | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       294 | NS      | $253060.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                       | CUMMINS INC                                   | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1050 | NS      | $308532.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA STEEL LIMITED                                 | TATA STEEL LTD                                | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |     52482 | NS      | $87360.40     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                       | MARRIOTT INTERNATIONAL INC CLASS A            | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       872 | NS      | $208041.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MANULIFE FINANCIAL CORPORATION                     | MANULIFE FINANCIAL CORP                       | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |      6792 | NS      | $208184.85    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                 | CANADIAN NATURAL RESOURCES LTD                | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     37731 | NS      | $1082877.51   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QANTAS AIRWAYS LIMITED                             | QANTAS AIRWAYS LIMITED                        | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |     18021 | NS      | $101865.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc.                            | KB FINANCIAL GROUP INC                        | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      2285 | NS      | $144429.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC        | EXPEDITORS INTERNATIONAL OF WASHINGTON INC    | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      2803 | NS      | $308077.73    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK BANCA FINECO S.P.A.                     | FINECOBANK BANCA FINECO SPA                   | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     40301 | NS      | $806349.80    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| THE CIGNA GROUP                                    | CIGNA GROUP THE                               | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1343 | NS      | $456673.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                 | DEUTSCHE BOERSE AG                            | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |       319 | NS      | $102733.85    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                         | SINGAPORE EXCHANGE LTD                        | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |    202700 | NS      | $2230385.17   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                      | NIPPON YUSEN KK                               | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |      4800 | NS      | $156851.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                          | HOLCIM LTD                                    | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      1429 | NS      | $159755.49    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| VISA INC.                                          | VISA INC CLASS A                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      8275 | NS      | $2859012.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa, Sociedad Anonima                           | ENDESA SA                                     | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |      6296 | NS      | $189059.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Limited                             | TOKYO ELECTRON LTD                            | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      3200 | NS      | $476541.28    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA SPORTS PRODUCTS LIMITED                       | ANTA SPORTS PRODUCTS LTD                      | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     82600 | NS      | $976011.64    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DELL TECHNOLOGIES INC.                             | DELL TECHNOLOGIES INC                         | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      3438 | NS      | $315470.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iA Societe Financiere Inc.                         | IA FINANCIAL CORP INC                         | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |      1856 | NS      | $180321.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI INC.                                           | CGI INC                                       | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      5428 | NS      | $575642.08    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIAN PAINTS LIMITED                               | ASIAN PAINTS LTD                              | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |      4870 | NS      | $139872.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NETEASE, INC.                                      | NETEASE INC                                   | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     23400 | NS      | $503027.59    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC NORILSK NICKEL PJSC                            | MMC NORILSK NICKEL PJSC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    524900 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| D.R. HORTON, INC.                                  | DR HORTON INC                                 | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       612 | NS      | $77320.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                   | DEUTSCHE BANK AG                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |      8312 | NS      | $217913.61    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer