THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING/McGILL UNIVERSITY Non‐North American Equities │ As December 31, 2020 Non‐North American Equities above $500,000 Publicly Traded and Held in Segregated Accounts (in Cdn $) KEYENCE CORP 2,719,644 KERING SA 927,479 ASML HOLDING NV 2,633,114 GENMAB A/S 923,796 ATLAS COPCO AB 2,103,060 NOVO NORDISK A/S 895,898 AIA GROUP LTD 2,072,878 ZOZO INC 874,410 DSV PANALPINA A/S 2,032,901 VONOVIA SE 840,902 LVMH MOET HENNESSY LOUIS VUITT 1,963,107 ATLASSIAN CORP PLC 839,028 INFINEON TECHNOLOGIES AG 1,937,905 WORLDLINE SA/FRANCE 836,846 CARDTRONICS PLC 1,920,088 SPIRAX‐SARCO ENGINEERING PLC 814,935 ADYEN NV 1,811,407 DISCO CORP 814,721 HEXAGON AB 1,795,443 NIHON M&A CENTER INC 808,860 AIRBUS SE 1,777,356 RENTOKIL INITIAL PLC 792,205 SIKA AG 1,745,617 ICON PLC 787,442 SMC CORP 1,708,909 M3 INC 781,459 MTU AERO ENGINES AG 1,676,216 KINGSPAN GROUP PLC 771,187 SAFRAN SA 1,659,042 CSL LTD 766,127 LONZA GROUP AG 1,622,360 SEGRO PLC 758,698 NESTE OYJ 1,608,480 NOMURA RESEARCH INSTITUTE LTD 747,754 RECRUIT HOLDINGS CO LTD 1,594,248 ARISTOCRAT LEISURE LTD 733,882 DAIKIN INDUSTRIES LTD 1,555,528 LOGITECH INTERNATIONAL SA 726,280 OMRON CORP 1,430,404 CRODA INTERNATIONAL PLC 718,161 DASSAULT SYSTEMES SE 1,425,250 OLYMPUS CORP 615,358 AMADEUS IT GROUP SA 1,376,294 SOLARIA ENERGIA Y MEDIO AMBIEN 612,375 L'OREAL SA 1,269,327 ASAHI INTECC CO LTD 576,086 JAZZ PHARMACEUTICALS PLC 1,261,642 COLOPLAST A/S 555,215 LONDON STOCK EXCHANGE GROUP PL 1,227,851 AMDOCS LTD 551,225 ASHTEAD GROUP PLC 1,160,271 HERMES INTERNATIONAL 547,078 COMPASS GROUP PLC 1,116,402 TOMRA SYSTEMS ASA 543,678 EXPERIAN PLC 1,115,405 INTERTEK GROUP PLC 540,978 STMICROELECTRONICS NV 1,101,769 INTERMEDIATE CAPITAL GROUP PLC 539,725 ORSTED AS 1,066,649 TEMENOS AG 539,090 HOYA CORP 1,038,906 GOODMAN GROUP 538,759 PUMA SE 1,037,563 TEAMVIEWER AG 532,436 EVOLUTION GAMING GROUP AB 1,010,368 BEIJER REF AB 530,301 TELEPERFORMANCE 996,783 MONOTARO CO LTD 524,741 HALMA PLC 978,117 WIX.COM LTD 512,066 PARTNERS GROUP HOLDING AG 944,312 EUROFINS SCIENTIFIC SE 510,298 STRAUMANN HOLDING AG 936,594 Total non‐North American equities above $500,000 (publicly traded and held in segregated 81,360,686 accounts) THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING/McGILL UNIVERSITY Non‐North American Equities │ As December 31, 2020 Non‐North American Equities Below $500,000 Publicly Traded and Held in Segregated Accounts (in Cdn $) SARTORIUS STEDIM BIOTECH TECHNOPRO HOLDINGS INC BOOHOO GROUP PLC SEAGATE TECHNOLOGY PLC LIFCO AB SWECO AB 3I GROUP PLC AMPLIFON SPA SHIFT INC INDUTRADE AB INVESTMENT AB LATOUR BIG YELLOW GROUP PLC KION GROUP AG BENEFIT ONE INC DIPLOMA PLC AVEVA GROUP PLC NETCOMPANY GROUP A/S NEMETSCHEK SE NIBE INDUSTRIER AB CARL ZEISS MEDITEC AG SOFTCAT PLC CHR HANSEN HOLDING A/S SUSHIRO GLOBAL HOLDINGS LTD BRUNELLO CUCINELLI SPA HARMONIC DRIVE SYSTEMS INC IMCD NV PERRIGO CO PLC SIG COMBIBLOC GROUP AG ORPEA SA ZUR ROSE GROUP AG TIS INC BE SEMICONDUCTOR INDUSTRIES NV ADDTECH AB HELLOFRESH SE ROYAL UNIBREW A/S BENGO4.COM INC TECAN GROUP AG RAKUS CO LTD MELEXIS NV MISUMI GROUP INC BASE INC BANCO LATINOAMERICANO DE AVAST PLC EURONEXT NV COMER GMO PAYMENT GATEWAY INC RENISHAW PLC ABCAM PLC VAT GROUP AG ESSENT GROUP LTD VITROLIFE AB CYBERARK SOFTWARE LTD WAREHOUSES DE PAUW CVA HYPOPORT SE ROTORK PLC MONCLER SPA OLYMPUS CORP COMPUGROUP MEDICAL SE & CO BELIMO HOLDING AG TRAINLINE PLC KGA TRAINLINE PLC ADDTECH AB OFG BANCORP SOFTWAREONE HOLDING AG Total non‐North American equities below $500,000 (publicly traded and held in segregated accounts) 19,430,981 Non‐North American Equity Pooled and Exchange Traded Funds (in Cdn $) MAWER INTL EQUITY POOLED FUND 112,405,914 DESAUTELS SRI EQ FD CAD 400 2,702,845 COMGEST GROWTH EMERG MRKT FD 110,813,658 DESAUTELS ALP SQRD EQ FD 300 1,707,025 PH&N RBC EM DIVIDEND O 9049 89,271,096 DESAUTELS GLOBAL EQUITY FUND 526,198 WILLIAM BLAIR EMERG MKT GRWTH 37,408,343 PH&N RBC VIS FFF GBL EQT O 748 6,475,668 Total non‐North American equity pooled and exchange traded funds 361,310,746 Total 462,102,414 .