# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-002893
**Filing Date:** 2025-12
**Character Count:** 39456
**Document Hash:** 943ecc2a1267223608e0b42f52d1d7fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002893.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000035402-25-002893

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**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:** 251599790

**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 Developed International ETF (Series ID: S000087781)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000253743 | Fidelity Fundamental Developed International ETF | FFDI            |

## 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 Developed International ETF

- **b. EDGAR series identifier (if any):** S000087781

- **c. LEI of Series:** 254900HP7FM6U2PDH722

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $15141056.95

**Total Liabilities:** $6918.17

**Net Assets:** $15134138.78

**Cash Not Reported:** $592.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253743 | 1.97%                | 2.12%                | 0.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1147.61                 | $273511.57                                 |
| Month 2  | $50269.45                | $228303.45                                 |
| Month 3  | $14148.23                | $84870.18                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLIANZ SE                                                | ALLIANZ SE (REGD)                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |       274 | NS      | $109970.65    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                            | BE SEMICOND INDUS NV (NETH)          | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       620 | NS      | $105481.31    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 12/26/2025              | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $49712.17     | 0.33%             | 2025-12-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HANNOVER RUECK SA                                         | HANNOVER RUECKVERSICHERUNGS SE(REGD) | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |       646 | NS      | $184216.98    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA                                              | IBERDROLA SA                         | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |      4071 | NS      | $82422.68     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                           | LONDON STOCK EXCHANGE GRP PLC        | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |      1712 | NS      | $213345.30    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUM OYJ                                                | FORTUM OYJ                           | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |       896 | NS      | $19973.86     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                                    | RWE AG                               | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |       376 | NS      | $18488.69     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                    | AXA SA                               | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      3627 | NS      | $157318.29    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSILORLUXOTTICA                                          | ESSILORLUXOTTICA                     | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |       589 | NS      | $215418.41    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                  | ROLLS-ROYCE HOLDINGS PLC             | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     18407 | NS      | $282195.49    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSPAN GROUP PLC                                        | KINGSPAN GROUP PLC                   | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |      1711 | NS      | $127994.75    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                        | BANCO SANTANDER SA                   | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     29114 | NS      | $296185.13    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD                                   | RECRUIT HOLDINGS CO LTD              | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |       460 | NS      | $23007.46     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                    | SAP SE                               | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      1597 | NS      | $413163.53    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANTEST CORP                                            | ADVANTEST CORP                       | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      1917 | NS      | $287780.12    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                                 | ZURICH INSURANCE GROUP AG            | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       324 | NS      | $225058.71    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                           | MITSUBISHI HEAVY INDS LTD            | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |      9976 | NS      | $301202.57    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN | MUNICH REINSURANCE (REG)             | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       282 | NS      | $174355.37    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 12/04/2025              | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19933.23     | 0.13%             | 2025-12-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RELX PLC                                                  | RELX PLC                             | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |      5853 | NS      | $258122.62    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORP                                                 | HOYA CORP                            | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      1265 | NS      | $205908.28    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                              | BRITISH AMERICAN TOB PLC ADR         | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      1906 | NS      | $97568.14     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                                              | CAIXABANK SA                         | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     27925 | NS      | $294904.18    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC GROUPE SA/NV                                          | KBC GROUPE SA                        | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      1776 | NS      | $213410.84    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK SPA                                            | FINECOBANK SPA                       | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |      3216 | NS      | $73434.13     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTL SCA                                           | HERMES INTERNATIONAL SA              | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        69 | NS      | $170916.10    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJITSU LTD                                               | FUJITSU LTD                          | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |      2732 | NS      | $71459.94     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT VISION STABILIZED SYSTEMS LTD                        | NEXT VISION STABILIZED SYSTEMS LTD   | CUSIP: N/A<br>LEI: 2549001OCAI48UYCZD40       | Long             | EC               | CORP              | IL        |       615 | NS      | $26989.83     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE SA                                                 | DANONE SA                            | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      1818 | NS      | $160684.30    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMES WORKSHOP GROUP PLC                                  | GAMES WORKSHOP GROUP CO PLC          | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |       365 | NS      | $76384.43     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HEIDELBERG MATERIALS AG                                   | HEIDELBERG MATERIALS AG              | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |       671 | NS      | $157083.26    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                                | CONSTELLATION SOFTWARE INC           | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |        68 | NS      | $178955.07    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                           | BAE SYSTEMS PLC                      | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     11413 | NS      | $280523.86    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EBARA CORP                                                | EBARA CORP                           | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |      1565 | NS      | $41950.65     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AMRIZE LTD                                                | AMRIZE LTD                           | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |      2076 | NS      | $107005.26    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                                        | ITOCHU CORP                          | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |      3625 | NS      | $210076.41    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AJINOMOTO CO INC                                          | AJINOMOTO CO INC                     | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |      4959 | NS      | $140715.77    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                                            | AIR LIQUIDE SA                       | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      1758 | NS      | $340266.15    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GROUP INC       | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |      7328 | NS      | $197952.53    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTTOMATICA GROUP SPA                                     | LOTTOMATICA GROUP SPA                | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |      1631 | NS      | $40193.80     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                     | SPOTIFY TECHNOLOGY SA                | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |       194 | NS      | $127132.08    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN SPA                                              | PRYSMIAN SPA                         | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |       156 | NS      | $16150.84     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL                                               | RHEINMETALL AG ORD                   | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |        69 | NS      | $135325.14    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB                                            | ATLAS COPCO AB SER A                 | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |      3941 | NS      | $66435.21     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HEXAGON AB                                                | HEXAGON AB SER B                     | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               | CORP              | SE        |      6635 | NS      | $81398.83     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYCURRENT INC                                            | BAYCURRENT INC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1182 | NS      | $54187.46     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CONVATEC GROUP PLC                                        | CONVATEC GROUP PLC                   | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |     18303 | NS      | $58717.04     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LTD                                    | ARISTOCRAT LEISURE LTD               | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      3426 | NS      | $142007.37    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                       | LVMH MOET HENNESSY LOUIS VUITTON SE  | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |        41 | NS      | $28927.02     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                                 | SHELL PLC                            | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      6930 | NS      | $259234.72    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                                 | HOLCIM LTD                           | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      2058 | NS      | $182438.92    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                           | NINTENDO CO LTD                      | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      2704 | NS      | $228886.38    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                 | SAFRAN SA                            | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      1108 | NS      | $393230.24    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU AERO ENGINES AG                                       | MTU AERO ENGINES AG                  | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |       117 | NS      | $50990.59     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE TELEKOM AG                                       | DEUTSCHE TELEKOM AG (REGD)           | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |      5210 | NS      | $161482.69    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                              | EXPERIAN PLC                         | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |      4305 | NS      | $200599.82    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA                                         | SCHNEIDER ELECTRIC SE                | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1412 | NS      | $400538.04    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG                         | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      7263 | NS      | $277343.26    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT SPA                                             | UNICREDIT SPA                        | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      4142 | NS      | $305696.91    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SONY GROUP CORP                                           | SONY GROUP CORP                      | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |      2326 | NS      | $65383.38     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |     80879 | NS      | $80894.90     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| IBIDEN CO LTD                                             | IBIDEN CO LTD                        | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |       987 | NS      | $93602.01     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEGONA COMMUNICATIONS PLC                                 | ZEGONA COMMUNICATIONS PLC            | CUSIP: N/A<br>LEI: 213800ASI1VZL2ED4S65       | Long             | EC               | CORP              | GB        |      5620 | NS      | $90810.83     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK HAPOALIM B M                                         | BANK HAPOALIM LTD (REG)              | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |      2114 | NS      | $43013.76     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                                          | IMPERIAL OIL LTD                     | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |      1270 | NS      | $112326.48    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                       | IMPERIAL BRANDS PLC                  | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |      2723 | NS      | $108210.45    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO LTD                                             | CAPCOM CO LTD                        | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |      2475 | NS      | $64785.87     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PLC                                                 | HALMA PLC                            | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      3074 | NS      | $143198.61    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM HLDGS CORP                                       | FUJIFILM HOLDINGS CORP               | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |      6594 | NS      | $153179.68    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                  | UNITED OVERSEAS BANK (LOC)           | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |      2344 | NS      | $62435.83     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| IPERIONX LTD                                              | IPERIONX LTD                         | CUSIP: N/A<br>LEI: 98450096B1C9E094C832       | Long             | EC               | CORP              | AU        |      6201 | NS      | $27589.74     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW                     | INTERCONTINENTAL HOTELS GP PLC       | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |       685 | NS      | $82717.38     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                    | UCB SA                               | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       465 | NS      | $119256.05    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| VONOVIA SE                                                | VONOVIA SE                           | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      1107 | NS      | $33239.37     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                              | 3I GROUP PLC                         | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      4418 | NS      | $255372.77    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HITACHI LTD                                               | HITACHI LTD                          | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     13123 | NS      | $452846.11    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX CORP                                                 | ORIX CORP                            | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |       369 | NS      | $9002.92      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA HBC AG                                          | COCA COLA HBC AG                     | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |       600 | NS      | $27225.12     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                            | CANADIAN NATL RESOURCES LTD          | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      2376 | NS      | $76012.35     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                                               | SHOPIFY INC CL A                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       570 | NS      | $99100.20     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG                                        | DEUTSCHE BOERSE AG                   | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1031 | NS      | $260849.88    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTOR AB                                               | INVESTOR AB SER B                    | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |      7305 | NS      | $241097.10    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM INTL NV                                               | ASM INTERNATIONAL NV (NETH)          | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       213 | NS      | $137979.12    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIN ETSU CHEM CO LTD                                     | SHIN-ETSU CHEMICAL CO LTD            | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      4850 | NS      | $146497.63    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSUS NV                                                 | PROSUS NV                            | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |      1824 | NS      | $125998.85    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                           | ASML HOLDING NV                      | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       218 | NS      | $230698.06    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | LLOYDS BANKING GROUP PLC             | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |     87417 | NS      | $102299.21    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA            | RECORDATI SPA                        | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      1522 | NS      | $90348.17     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                                               | CAMECO CORP                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |       471 | NS      | $48136.00     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                                                 | ALCON INC                            | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |      1357 | NS      | $100837.03    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                                        | FRANCO-NEVADA CORP                   | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |       182 | NS      | $33996.78     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                         | COMPASS GROUP PLC                    | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |      7807 | NS      | $258555.17    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| RENESAS ELECTRONICS CORP                                  | RENESAS ELECTRONICS CORP             | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |      3431 | NS      | $42545.20     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC                    | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |     21697 | NS      | $166459.56    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                                   | DSV A/S                              | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |      1000 | NS      | $212225.75    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                                 | TOKIO MARINE HOLDINGS INC            | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      5446 | NS      | $204326.60    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                        | MITSUBISHI UFJ FINL GRP INC          | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |      2382 | NS      | $36013.63     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                               | DIPLOMA PLC                          | CUSIP: N/A<br>LEI: 2138008OGI7VYG8FGR19       | Long             | EC               | CORP              | GB        |      1613 | NS      | $118875.79    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO1 GROUP SE                                            | AUTO1 GROUP SE                       | CUSIP: N/A<br>LEI: 391200S2LPXG5ZD5G304       | Long             | EC               | CORP              | DE        |       611 | NS      | $21437.95     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                                 | THALES                               | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       281 | NS      | $79969.59     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUTRADE AB                                              | INDUTRADE AB                         | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |      4267 | NS      | $114083.10    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESENIUS SE and CO KGAA                                  | FRESENIUS SE and CO KGAA             | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      2628 | NS      | $151518.79    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                                   | SEA LTD ADR                          | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       965 | NS      | $150781.25    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer