# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-159895
**Filing Date:** 2025-6
**Character Count:** 58798
**Document Hash:** 9fd22ffdf9b481cc5223a4992a0237b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-159895.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-159895

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251079829

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Fundamental Large Cap Core ETF (Series ID: S000068174)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000218330 | Fidelity Fundamental Large Cap Core ETF | FFLC            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Fundamental Large Cap Core ETF**

**April 30, 2025**

OTF-NPRT3-0625

1.9897906.104 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.8%** | &nbsp;&nbsp;**Common Stocks - 99.8%** | &nbsp;&nbsp;**Common Stocks - 99.8%** |
|  | Shares | Value ($)<br>|
| BELGIUM - 0.3%  |  |  |
| Health Care - 0.3% |  |  |
| Pharmaceuticals - 0.3% |  |  |
| UCB SA  | 12281 | 2242004 |
| BRAZIL - 0.5%  |  |  |
| Consumer Discretionary - 0.5% |  |  |
| Broadline Retail - 0.5% |  |  |
| MercadoLibre Inc (a) | 1413 | 3293491 |
| CANADA - 1.0%  |  |  |
| Energy - 0.8% |  |  |
| Oil, Gas & Consumable Fuels - 0.8% |  |  |
| Canadian Natural Resources Ltd (United States)  | 101429 | 2909998 |
| Imperial Oil Ltd  | 35133 | 2369808 |
|  |  | 5279806 |
| Information Technology - 0.2% |  |  |
| IT Services - 0.2% |  |  |
| Shopify Inc Class A (United States) (a) | 12452 | 1182940 |
| TOTAL CANADA |  | 6462746 |
| CHINA - 0.5%  |  |  |
| Consumer Discretionary - 0.5% |  |  |
| Automobiles - 0.5% |  |  |
| BYD Co Ltd H Shares  | 68853 | 3286578 |
| CONGO DEMOCRATIC REPUBLIC OF - 0.4%  |  |  |
| Materials - 0.4% |  |  |
| Metals & Mining - 0.4% |  |  |
| Ivanhoe Mine Ltd Class A (a) | 260179 | 2310018 |
| DENMARK - 0.2%  |  |  |
| Health Care - 0.2% |  |  |
| Pharmaceuticals - 0.2% |  |  |
| Novo Nordisk A/S Class B ADR  | 17380 | 1154901 |
| FRANCE - 0.1%  |  |  |
| Industrials - 0.1% |  |  |
| Aerospace & Defense - 0.1% |  |  |
| Airbus SE  | 4446 | 741093 |
| GERMANY - 1.6%  |  |  |
| Information Technology - 1.6% |  |  |
| Software - 1.6% |  |  |
| SAP SE ADR  | 35839 | 10471797 |
| NETHERLANDS - 0.2%  |  |  |
| Information Technology - 0.2% |  |  |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| BE Semiconductor Industries NV  | 14448 | 1542465 |
| TAIWAN - 0.9%  |  |  |
| Information Technology - 0.9% |  |  |
| Semiconductors & Semiconductor Equipment - 0.9% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 33897 | 5650291 |
| UNITED KINGDOM - 0.2%  |  |  |
| Consumer Staples - 0.2% |  |  |
| Tobacco - 0.2% |  |  |
| British American Tobacco PLC  | 24575 | 1063756 |
| UNITED STATES - 93.6%  |  |  |
| Communication Services - 11.3% |  |  |
| Entertainment - 1.0% |  |  |
| Netflix Inc (a) | 5735 | 6490414 |
| Interactive Media & Services - 8.9% |  |  |
| Alphabet Inc Class A  | 167197 | 26550884 |
| Meta Platforms Inc Class A  | 57364 | 31492836 |
|  |  | 58043720 |
| Media - 1.4% |  |  |
| Comcast Corp Class A  | 275330 | 9416286 |
| TOTAL COMMUNICATION SERVICES |  | 73950420 |
| Consumer Discretionary - 9.1% |  |  |
| Automobile Components - 0.6% |  |  |
| Modine Manufacturing Co (a) | 46261 | 3776748 |
| Broadline Retail - 3.8% |  |  |
| Amazon.com Inc (a) | 136292 | 25134971 |
| Diversified Consumer Services - 1.0% |  |  |
| H&R Block Inc  | 75432 | 4553830 |
| Service Corp International/US  | 21729 | 1736147 |
|  |  | 6289977 |
| Hotels, Restaurants & Leisure - 1.7% |  |  |
| Airbnb Inc Class A (a) | 21439 | 2613843 |
| DraftKings Inc Class A (a) | 21311 | 709443 |
| Hilton Worldwide Holdings Inc  | 18819 | 4243308 |
| Marriott International Inc/MD Class A1  | 14769 | 3523588 |
|  |  | 11090182 |
| Household Durables - 0.5% |  |  |
| Somnigroup International Inc  | 58053 | 3544716 |
| Specialty Retail - 1.5% |  |  |
| Dick's Sporting Goods Inc  | 9175 | 1722515 |
| Lowe's Cos Inc  | 28034 | 6267281 |
| O'Reilly Automotive Inc (a) | 1217 | 1722298 |
|  |  | 9712094 |
| TOTAL CONSUMER DISCRETIONARY |  | 59548688 |
| Consumer Staples - 4.0% |  |  |
| Beverages - 2.1% |  |  |
| Coca-Cola Co/The  | 94333 | 6843859 |
| Keurig Dr Pepper Inc  | 192527 | 6659509 |
|  |  | 13503368 |
| Consumer Staples Distribution & Retail - 0.0% |  |  |
| Costco Wholesale Corp  | 707 | 703112 |
| Personal Care Products - 1.4% |  |  |
| Estee Lauder Cos Inc/The Class A  | 30777 | 1845389 |
| Kenvue Inc  | 308524 | 7281166 |
|  |  | 9126555 |
| Tobacco - 0.5% |  |  |
| Philip Morris International Inc  | 17943 | 3074712 |
| TOTAL CONSUMER STAPLES |  | 26407747 |
| Energy - 3.9% |  |  |
| Oil, Gas & Consumable Fuels - 3.9% |  |  |
| Cheniere Energy Inc  | 4377 | 1011568 |
| Exxon Mobil Corp  | 166652 | 17603451 |
| Shell PLC ADR  | 112248 | 7237751 |
|  |  | 25852770 |
| Financials - 16.9% |  |  |
| Banks - 7.3% |  |  |
| Bank of America Corp  | 371467 | 14814104 |
| M&T Bank Corp  | 29082 | 4936960 |
| PNC Financial Services Group Inc/The  | 39324 | 6318974 |
| US Bancorp  | 148351 | 5984479 |
| Wells Fargo & Co  | 224501 | 15941816 |
|  |  | 47996333 |
| Capital Markets - 1.7% |  |  |
| Bank of New York Mellon Corp/The  | 64752 | 5206708 |
| Morgan Stanley  | 4262 | 491920 |
| Northern Trust Corp  | 44107 | 4145176 |
| Robinhood Markets Inc Class A (a) | 27818 | 1366142 |
|  |  | 11209946 |
| Financial Services - 5.3% |  |  |
| Apollo Global Management Inc  | 36278 | 4951221 |
| Fiserv Inc (a) | 52606 | 9709489 |
| Mastercard Inc Class A  | 13510 | 7404291 |
| Visa Inc Class A  | 36071 | 12462531 |
|  |  | 34527532 |
| Insurance - 2.6% |  |  |
| Arthur J Gallagher & Co  | 14918 | 4784053 |
| Chubb Ltd  | 17400 | 4977792 |
| The Travelers Companies, Inc.  | 26755 | 7066799 |
|  |  | 16828644 |
| TOTAL FINANCIALS |  | 110562455 |
| Health Care - 11.3% |  |  |
| Biotechnology - 1.2% |  |  |
| AbbVie Inc  | 8390 | 1636889 |
| Alnylam Pharmaceuticals Inc (a) | 12102 | 3185730 |
| Gilead Sciences Inc  | 31882 | 3396709 |
|  |  | 8219328 |
| Health Care Equipment & Supplies - 2.1% |  |  |
| Boston Scientific Corp (a) | 135177 | 13905658 |
| Health Care Providers & Services - 3.2% |  |  |
| Cigna Group/The  | 25316 | 8608453 |
| Humana Inc  | 9238 | 2422573 |
| UnitedHealth Group Inc  | 23859 | 9816547 |
|  |  | 20847573 |
| Pharmaceuticals - 4.8% |  |  |
| Eli Lilly & Co  | 15107 | 13580438 |
| GSK PLC ADR  | 102292 | 4076336 |
| Haleon PLC  | 741841 | 3721284 |
| Merck & Co Inc  | 32528 | 2771386 |
| Royalty Pharma PLC Class A  | 215392 | 7069165 |
|  |  | 31218609 |
| TOTAL HEALTH CARE |  | 74191168 |
| Industrials - 10.0% |  |  |
| Aerospace & Defense - 3.5% |  |  |
| Boeing Co (a) | 49080 | 8993419 |
| GE Aerospace  | 60078 | 12108120 |
| Northrop Grumman Corp  | 3849 | 1872539 |
|  |  | 22974078 |
| Air Freight & Logistics - 0.6% |  |  |
| United Parcel Service Inc Class B  | 41719 | 3975821 |
| Commercial Services & Supplies - 0.4% |  |  |
| GFL Environmental Inc Subordinate Voting Shares  | 59058 | 2946902 |
| Construction & Engineering - 0.5% |  |  |
| Quanta Services Inc  | 10684 | 3127100 |
| Electrical Equipment - 1.7% |  |  |
| Eaton Corp PLC  | 2783 | 819232 |
| GE Vernova Inc  | 25207 | 9347260 |
| Vertiv Holdings Co Class A  | 9070 | 774396 |
|  |  | 10940888 |
| Ground Transportation - 0.5% |  |  |
| Knight-Swift Transportation Holdings Inc  | 33088 | 1296057 |
| Norfolk Southern Corp  | 7532 | 1687545 |
|  |  | 2983602 |
| Machinery - 2.2% |  |  |
| Allison Transmission Holdings Inc  | 48345 | 4459343 |
| Deere & Co  | 7105 | 3293594 |
| Ingersoll Rand Inc  | 29776 | 2246003 |
| Westinghouse Air Brake Technologies Corp  | 25507 | 4712163 |
|  |  | 14711103 |
| Trading Companies & Distributors - 0.6% |  |  |
| Watsco Inc  | 8639 | 3972558 |
| TOTAL INDUSTRIALS |  | 65632052 |
| Information Technology - 21.6% |  |  |
| Communications Equipment - 1.7% |  |  |
| Arista Networks Inc  | 33393 | 2747242 |
| Cisco Systems Inc  | 147399 | 8509344 |
|  |  | 11256586 |
| Electronic Equipment, Instruments & Components - 1.1% |  |  |
| Amphenol Corp Class A  | 94940 | 7305633 |
| IT Services - 1.0% |  |  |
| Amdocs Ltd  | 37326 | 3306337 |
| Kyndryl Holdings Inc (a) | 101492 | 3290371 |
|  |  | 6596708 |
| Semiconductors & Semiconductor Equipment - 8.0% |  |  |
| Broadcom Inc  | 60403 | 11625765 |
| Marvell Technology Inc  | 35287 | 2059702 |
| NVIDIA Corp  | 347214 | 37818550 |
|  |  | 51504017 |
| Software - 6.0% |  |  |
| Microsoft Corp  | 99723 | 39416513 |
| Technology Hardware, Storage & Peripherals - 3.8% |  |  |
| Apple Inc  | 116324 | 24718850 |
| TOTAL INFORMATION TECHNOLOGY |  | 140798307 |
| Materials - 1.3% |  |  |
| Chemicals - 0.3% |  |  |
| Sherwin-Williams Co/The  | 4711 | 1662606 |
| Construction Materials - 0.8% |  |  |
| CRH PLC  | 18581 | 1772999 |
| Martin Marietta Materials Inc  | 7106 | 3723402 |
|  |  | 5496401 |
| Containers & Packaging - 0.2% |  |  |
| International Paper Co  | 33892 | 1548187 |
| TOTAL MATERIALS |  | 8707194 |
| Real Estate - 2.0% |  |  |
| Industrial REITs - 0.4% |  |  |
| Prologis Inc  | 28324 | 2894713 |
| Residential REITs - 0.3% |  |  |
| Sun Communities Inc  | 15715 | 1955417 |
| Specialized REITs - 1.3% |  |  |
| American Tower Corp  | 17017 | 3835802 |
| Crown Castle Inc  | 39365 | 4163243 |
|  |  | 7999045 |
| TOTAL REAL ESTATE |  | 12849175 |
| Utilities - 2.2% |  |  |
| Electric Utilities - 1.6% |  |  |
| Edison International  | 50328 | 2693051 |
| PG&E Corp  | 190405 | 3145491 |
| Southern Co/The  | 51247 | 4709087 |
|  |  | 10547629 |
| Multi-Utilities - 0.6% |  |  |
| Sempra  | 52343 | 3887514 |
| TOTAL UTILITIES |  | 14435143 |
| TOTAL UNITED STATES |  | 612935119 |
| ZAMBIA - 0.3%  |  |  |
| Materials - 0.3% |  |  |
| Metals & Mining - 0.3% |  |  |
| First Quantum Minerals Ltd (a) | 167432 | 2248053 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $641,846,299) |  | <br> **653402312** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (c)<br>(Cost $854,470)<br>| 4.33 | 854299 | **854470** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.9%**<br> (Cost $642,700,769)<br>| <br>**654256782** |
| **NET OTHER ASSETS (LIABILITIES) - 0.1%** (b)  | **635307** |
| **NET ASSETS - 100.0%** | **654892089** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Contracts |  |  |  |  |  |
| CME E-Mini S&P 500 Index Contracts (United States) | 4 | Jun 2025 | 1117400 | 27583 | 27583 |
| The notional amount of futures purchased as a percentage of Net Assets is 0.2% | The notional amount of futures purchased as a percentage of Net Assets is 0.2% | The notional amount of futures purchased as a percentage of Net Assets is 0.2% | The notional amount of futures purchased as a percentage of Net Assets is 0.2% | The notional amount of futures purchased as a percentage of Net Assets is 0.2% | The notional amount of futures purchased as a percentage of Net Assets is 0.2% |

---

**Legend**

(a) Non-income producing

(b) Includes $65,922 of cash collateral to cover margin requirements for futures contracts.

(c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 2286023 | 96547772 | 97979325 | 268541 | - | - | 854470 | 854299 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | - | 1294679 | 1294679 | 18 | - | - | - | - | 0.0% |
| Total | 2286023 | 97842451 | 99274004 | 268559 | - | - | 854470 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

**Derivative Instruments**

Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk(s):

Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.

The Fund used futures contracts to manage its exposure to the stock market.

Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Covington Trust

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Fundamental Large Cap Core ETF

- **b. EDGAR series identifier (if any):** S000068174

- **c. LEI of Series:** 54930057B3GMW8ILY623

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

- **a. Date of fiscal year-end:** 2025-07-31

- **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:** $647546912.00

**Total Liabilities:** $207127.07

**Net Assets:** $647339784.93

**Cash Not Reported:** $836.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218330 | -2.10%               | -5.74%               | -0.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2580661.83             | $-14917725.86                              |
| Month 2  | $7170732.32              | $-52382280.85                              |
| Month 3  | $4339971.61              | $-12927449.15                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOMNIGROUP INTERNATIONAL INC             | SOMNIGROUP INTERNATIONAL INC             | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     58053 | NS      | $3544716.18   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV           | BE SEMICOND INDUS NV (NETH)              | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |     14448 | NS      | $1542465.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP                    | COSTCO WHOLESALE CORP                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       700 | NS      | $696150.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO INC                               | WATSCO INC                               | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      8541 | NS      | $3927493.44   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD           | CANADIAN NATL RESOURCES LTD              | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    100260 | NS      | $2876459.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECH CORP         | WESTINGHOUSE AIR BRAKE TECH CORP         | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     25213 | NS      | $4657849.62   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                | SHELL PLC SPONS ADR                      | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    110960 | NS      | $7154700.80   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                   | INTERNATIONAL PAPER CO                   | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     33507 | NS      | $1530599.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                               | ABBVIE INC                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8299 | NS      | $1619134.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                           | GE VERNOVA INC                           | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     24920 | NS      | $9240834.40   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                | APPLE INC                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    114987 | NS      | $24434737.50  | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC             | BRITISH AMERICAN TOBACCO PLC             | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     24295 | NS      | $1051635.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK AS                          | NOVO-NORDISK AS CL B ADR                 | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     17184 | NS      | $1141876.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                           | AMAZON.COM INC                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    134724 | NS      | $24845800.08  | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION NEW                 | AMPHENOL CORPORATION CL A                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     93848 | NS      | $7221603.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY                         | SOUTHERN CO                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     50659 | NS      | $4655055.51   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                           | MICROSOFT CORP                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     98575 | NS      | $38962754.50  | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC                    | ROBINHOOD MARKETS INC                    | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     27503 | NS      | $1350672.33   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MANUFACTURING CO                  | MODINE MANUFACTURING CO                  | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     45729 | NS      | $3733315.56   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                 | VISA INC CL A                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     35658 | NS      | $12319839.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SVCS INC                          | QUANTA SVCS INC                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     10565 | NS      | $3092269.85   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP DEL                           | US BANCORP DEL                           | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    146643 | NS      | $5915578.62   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                      | SUN COMMUNITIES INC - REIT               | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     15540 | NS      | $1933642.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                       | META PLATFORMS INC CL A                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     56706 | NS      | $31131594.00  | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC            | APOLLO GLOBAL MANAGEMENT INC             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     35865 | NS      | $4894855.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| H and R BLOCK INC                        | BLOCK H and R INC                        | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     74564 | NS      | $4501428.68   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                                | CHUBB LTD                                | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     17400 | NS      | $4977792.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE and CO                             | DEERE and CO                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      7028 | NS      | $3257899.68   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK NEW YORK MELLON CORP                | BANK OF NEW YORK MELLON CORP             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     64010 | NS      | $5147044.10   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD               | FIRST QUANTUM MINERALS LTD               | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    167432 | NS      | $2248053.33   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK and CO INC                         | MERCK and CO INC NEW                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     32157 | NS      | $2739776.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                   | SEMPRA                                   | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     51741 | NS      | $3842804.07   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP (THE)                        | CIGNA GROUP (THE)                        | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     25029 | NS      | $8510861.16   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COS INC                            | LOWES COS INC                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     27712 | NS      | $6195294.72   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                       | VERTIV HOLDINGS CO                       | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      8972 | NS      | $766029.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC                 | DICKS SPORTING GOODS INC                 | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      9070 | NS      | $1702801.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                               | BYD COMPANY LTD H                        | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     68853 | NS      | $3286577.52   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL RAND INC                       | INGERSOLL RAND INC                       | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     29433 | NS      | $2220131.19   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                       | ROYALTY PHARMA PLC                       | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | GB        |    215392 | NS      | $7069165.44   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                            | PG and E CORP                            | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    188214 | NS      | $3109295.28   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC                   | MARVELL TECHNOLOGY INC                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34881 | NS      | $2036003.97   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC/MD            | MARRIOTT INTERNATIONAL INC A             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     14601 | NS      | $3483506.58   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORP INTERNATIONAL INC           | SERVICE CORP INTERNATIONAL INC           | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     21484 | NS      | $1716571.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUDER ESTEE COS INC                     | ESTEE LAUDER COS INC CL A                | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     30427 | NS      | $1824402.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                           | EATON CORP PLC                           | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      2755 | NS      | $810989.35    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| M and T BANK CORP                        | M and T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     28753 | NS      | $4881109.28   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC                     | KEURIG DR PEPPER INC                     | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    190308 | NS      | $6582753.72   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO             | ARTHUR J GALLAGHAR AND CO                | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     14750 | NS      | $4730177.50   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| OREILLY AUTOMOTIVE INC                   | O'REILLY AUTOMOTIVE INC                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1203 | NS      | $1702485.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE                                | AIRBUS SE                                | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |      4397 | NS      | $732925.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC              | S and P500 EMINI FUT JUN25 ESM5          | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         2 | NC      | $27212.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                   | BOSTON SCIENTIFIC CORP                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    133623 | NS      | $13745798.01  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                               | FISERV INC                               | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     52004 | NS      | $9598378.28   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32710 | NS      | $1281250.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY and CO                         | ELI LILLY and CO                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     14939 | NS      | $13429414.05  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CO                             | COCA COLA CO                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     93248 | NS      | $6765142.40   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                      | NORTHERN TRUST CORP                      | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     44107 | NS      | $4145175.86   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINE LTD                         | IVANHOE MINES LTD                        | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    257183 | NS      | $2283417.90   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                             | GE AEROSPACE                             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     59392 | NS      | $11969863.68  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                             | BROADCOM INC                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     59710 | NS      | $11492383.70  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                         | CROWN CASTLE INC                         | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     38917 | NS      | $4115861.92   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| KYNDRYL HOLDINGS INC                     | KYNDRYL HOLDINGS INC                     | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    100323 | NS      | $3252471.66   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                             | COMCAST CORP CL A                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    272159 | NS      | $9307837.80   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN WILLIAMS CO                      | SHERWIN WILLIAMS CO                      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4662 | NS      | $1645313.04   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                  | CRH PLC                                  | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     18371 | NS      | $1752960.82   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC          | PHILIP MORRIS INTL INC                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     17740 | NS      | $3039926.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust             | Fidelity Cash Central Fund               | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    854299 | NS      | $854470.34    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD          | TAIWAN SEMIC MFG CO LTD SP ADR           | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     33512 | NS      | $5586115.28   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL ENVIRONMENTAL INC                    | GFL ENVIRONMENTAL INC                    | CUSIP: 36168Q104<br>LEI: 5493008HF9XC5H29ZX61 | Long             | EC               | CORP              | CA        |     58379 | NS      | $2913021.48   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC                           | DRAFTKINGS HOLDINGS INC                  | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     21311 | NS      | $709443.19    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                         | EXXON MOBIL CORP                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    164734 | NS      | $17400852.42  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                         | IMPERIAL OIL LTD                         | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |     34734 | NS      | $2342894.72   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS INC            | MARTIN MARIETTA MATERIALS INC            | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      7029 | NS      | $3683055.42   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                    | NORTHROP GRUMMAN CORP                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3807 | NS      | $1852105.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC                               | HALEON PLC                               | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    733287 | NS      | $3678374.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                         | MERCADOLIBRE INC                         | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1399 | NS      | $3260859.15   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                | BOEING CO                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     48520 | NS      | $8890804.80   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                   | UCB SA                                   | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |     12141 | NS      | $2216446.12   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                      | ARISTA NETWORKS INC                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     33008 | NS      | $2715568.16   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE INC                | UNITED PARCEL SERVICE INC CL B           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     41243 | NS      | $3930457.90   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                  | GSK PLC SPONS ADR                        | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    101116 | NS      | $4029472.60   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                              | NETFLIX INC                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5672 | NS      | $6419115.84   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC                        | TRAVELERS COMPANIES INC                  | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     26447 | NS      | $6985446.11   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC              | ALNYLAM PHARMACEUTICALS INC              | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     11969 | NS      | $3150719.56   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDGS INC           | ALLISON TRANSMISSION HLDGS INC           | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     48345 | NS      | $4459342.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                           | MORGAN STANLEY                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      4213 | NS      | $486264.46    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                     | EDISON INTL                              | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     49754 | NS      | $2662336.54   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                              | SHOPIFY INC CL A                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     12312 | NS      | $1169640.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                   | SAP SE SPON ADR                          | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     35426 | NS      | $10351122.94  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                              | NVIDIA CORP                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    343210 | NS      | $37382433.20  | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORP                    | NORFOLK SOUTHERN CORP                    | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      7448 | NS      | $1668724.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                           | MASTERCARD INC CL A                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     13356 | NS      | $7319889.36   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                       | WELLS FARGO and CO                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    221918 | NS      | $15758397.18  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION              | BANK OF AMERICA CORPORATION              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    367190 | NS      | $14643537.20  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB INC                               | AIRBNB INC CLASS A                       | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     21194 | NS      | $2583972.48   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                               | HUMANA INC                               | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      9133 | NS      | $2395037.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                      | GILEAD SCIENCES INC                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     31518 | NS      | $3357927.72   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                   | UNITEDHEALTH GROUP INC                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     23586 | NS      | $9704223.84   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                               | KENVUE INC                               | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    304968 | NS      | $7197244.80   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                      | AMERICAN TOWER CORP                      | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     16821 | NS      | $3791621.61   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC            | HILTON WORLDWIDE HOLDINGS INC            | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     18602 | NS      | $4194378.96   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LIMITED                           | AMDOCS LTD                               | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     37326 | NS      | $3306337.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                        | CISCO SYSTEMS INC                        | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |    145705 | NS      | $8411549.65   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                             | PROLOGIS INC REIT                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     28002 | NS      | $2861804.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                             | ALPHABET INC CL A                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    165272 | NS      | $26245193.60  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                      | CHENIERE ENERGY INC                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      4328 | NS      | $1000244.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC           | PNC FINANCIAL SERVICES GRP INC           | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     38876 | NS      | $6246984.44   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer