# EDGAR Filing Document

**Accession Number:** 0000035341
**File Stem:** 0001752724-25-160003
**Filing Date:** 2025-6
**Character Count:** 79236
**Document Hash:** 86e84970b8191bae6fc2b4a1089a350b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160003.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160003

**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**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY DEVONSHIRE TRUST
- **CENTRAL INDEX KEY:** 0000035341

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01352
- **FILM NUMBER:** 251079946

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY EQUITY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVEREST FUND INC
- **DATE OF NAME CHANGE:** 19751117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVEREST INCOME FUND INC
- **DATE OF NAME CHANGE:** 19690420

## Series and Classes Contracts Data

### Fidelity Mid Cap Value Fund (Series ID: S000006068)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000016686 | Fidelity Mid Cap Value Fund                  | FSMVX           |
| C000043323 | Fidelity Advisor Mid Cap Value Fund: Class A | FMPAX           |
| C000043325 | Fidelity Advisor Mid Cap Value Fund: Class C | FMPEX           |
| C000043326 | Fidelity Advisor Mid Cap Value Fund: Class M | FMPTX           |
| C000043327 | Fidelity Advisor Mid Cap Value Fund: Class I | FMPOX           |
| C000177516 | Fidelity Advisor Mid Cap Value Fund: Class Z | FIDFX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Mid Cap Value Fund**

**April 30, 2025**

MCV-NPRT1-0625

1.800359.121 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 100.1%** | &nbsp;&nbsp;**Common Stocks - 100.1%** | &nbsp;&nbsp;**Common Stocks - 100.1%** |
|  | Shares | Value ($)<br>|
| CANADA - 1.5%  |  |  |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Cenovus Energy Inc (United States)  | 607693 | 7152547 |
| MEG Energy Corp  | 367300 | 5152750 |
|  |  | 12305297 |
| Materials - 0.8% |  |  |
| Chemicals - 0.4% |  |  |
| Methanex Corp (United States)  | 212900 | 6661641 |
| Paper & Forest Products - 0.4% |  |  |
| Interfor Corp (a) | 698300 | 6726697 |
| TOTAL MATERIALS |  | 13388338 |
| TOTAL CANADA |  | 25693635 |
| GERMANY - 0.8%  |  |  |
| Health Care - 0.3% |  |  |
| Biotechnology - 0.3% |  |  |
| BioNTech SE ADR (a) | 47300 | 4926295 |
| Industrials - 0.5% |  |  |
| Electrical Equipment - 0.5% |  |  |
| Siemens Energy AG (a) | 105600 | 8150597 |
| TOTAL GERMANY |  | 13076892 |
| IRELAND - 0.4%  |  |  |
| Industrials - 0.4% |  |  |
| Trading Companies & Distributors - 0.4% |  |  |
| AerCap Holdings NV  | 66000 | 6996000 |
| SPAIN - 0.6%  |  |  |
| Communication Services - 0.6% |  |  |
| Diversified Telecommunication Services - 0.6% |  |  |
| Cellnex Telecom SA (b)(c) | 232937 | 9426808 |
| UNITED KINGDOM - 0.5%  |  |  |
| Energy - 0.5% |  |  |
| Energy Equipment & Services - 0.5% |  |  |
| TechnipFMC PLC  | 277700 | 7822809 |
| UNITED STATES - 95.6%  |  |  |
| Communication Services - 0.9% |  |  |
| Media - 0.9% |  |  |
| Liberty Broadband Corp Class C (a) | 84900 | 7674111 |
| Nexstar Media Group Inc  | 45958 | 6878074 |
|  |  | 14552185 |
| Consumer Discretionary - 8.4% |  |  |
| Automobile Components - 0.5% |  |  |
| Patrick Industries Inc  | 106900 | 8229162 |
| Diversified Consumer Services - 1.3% |  |  |
| Laureate Education Inc (a) | 639752 | 12839823 |
| Service Corp International/US  | 111500 | 8908850 |
|  |  | 21748673 |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| Hilton Grand Vacations Inc (a) | 232800 | 7829064 |
| Household Durables - 1.6% |  |  |
| KB Home  | 143700 | 7764111 |
| Somnigroup International Inc  | 145457 | 8881604 |
| TopBuild Corp (a) | 33200 | 9819232 |
|  |  | 26464947 |
| Leisure Products - 0.5% |  |  |
| Hasbro Inc  | 134900 | 8350310 |
| Specialty Retail - 2.6% |  |  |
| Academy Sports & Outdoors Inc  | 109900 | 4141032 |
| Gap Inc/The  | 415700 | 9103830 |
| Lithia Motors Inc Class A  | 26071 | 7632546 |
| Penske Automotive Group Inc  | 44000 | 6849480 |
| Signet Jewelers Ltd (d) | 138600 | 8218980 |
| Upbound Group Inc  | 365543 | 7274306 |
|  |  | 43220174 |
| Textiles, Apparel & Luxury Goods - 1.5% |  |  |
| Capri Holdings Ltd (a) | 374500 | 5632480 |
| Crocs Inc (a) | 98500 | 9497370 |
| PVH Corp  | 145400 | 10029692 |
|  |  | 25159542 |
| TOTAL CONSUMER DISCRETIONARY |  | 141001872 |
| Consumer Staples - 7.0% |  |  |
| Beverages - 2.1% |  |  |
| Coca-Cola Consolidated Inc  | 9300 | 12609033 |
| Constellation Brands Inc Class A  | 56800 | 10652272 |
| Keurig Dr Pepper Inc  | 193900 | 6707001 |
| Primo Brands Corp Class A  | 172500 | 5635575 |
|  |  | 35603881 |
| Consumer Staples Distribution & Retail - 2.6% |  |  |
| Albertsons Cos Inc Class A  | 250900 | 5514782 |
| Dollar Tree Inc (a) | 124000 | 10139480 |
| Grocery Outlet Holding Corp (a)(d) | 484800 | 8139792 |
| US Foods Holding Corp (a) | 297268 | 19518617 |
|  |  | 43312671 |
| Food Products - 2.0% |  |  |
| Bunge Global SA  | 248892 | 19592778 |
| Darling Ingredients Inc (a) | 226000 | 7274940 |
| JM Smucker Co  | 57200 | 6650644 |
|  |  | 33518362 |
| Tobacco - 0.3% |  |  |
| Philip Morris International Inc  | 26500 | 4541040 |
| TOTAL CONSUMER STAPLES |  | 116975954 |
| Energy - 4.5% |  |  |
| Energy Equipment & Services - 0.4% |  |  |
| Weatherford International PLC  | 149900 | 6205860 |
| Oil, Gas & Consumable Fuels - 4.1% |  |  |
| Cheniere Energy Inc  | 70900 | 16385699 |
| Core Natural Resources Inc  | 49500 | 3574395 |
| Energy Transfer LP  | 977100 | 16161234 |
| Ovintiv Inc  | 251200 | 8435296 |
| Phillips 66  | 122200 | 12716132 |
| Targa Resources Corp  | 67610 | 11554549 |
|  |  | 68827305 |
| TOTAL ENERGY |  | 75033165 |
| Financials - 17.5% |  |  |
| Banks - 3.6% |  |  |
| East West Bancorp Inc  | 103924 | 8890698 |
| First Citizens BancShares Inc/NC Class A  | 7900 | 14055206 |
| M&T Bank Corp  | 108456 | 18411491 |
| Webster Financial Corp  | 169300 | 8007890 |
| Western Alliance Bancorp  | 148900 | 10379819 |
|  |  | 59745104 |
| Capital Markets - 2.6% |  |  |
| BGC Group Inc Class A  | 898000 | 8135880 |
| Charles Schwab Corp/The  | 81300 | 6617819 |
| Raymond James Financial Inc  | 76113 | 10430526 |
| State Street Corp  | 211200 | 18606720 |
|  |  | 43790945 |
| Consumer Finance - 3.9% |  |  |
| Ally Financial Inc  | 296800 | 9693488 |
| Discover Financial Services  | 100500 | 18358335 |
| FirstCash Holdings Inc  | 51700 | 6925732 |
| OneMain Holdings Inc  | 254155 | 11963076 |
| SLM Corp  | 645068 | 18648916 |
|  |  | 65589547 |
| Financial Services - 3.2% |  |  |
| Apollo Global Management Inc  | 91873 | 12538827 |
| Block Inc Class A (a) | 81200 | 4747764 |
| Corebridge Financial Inc  | 339092 | 10047296 |
| NCR Atleos Corp (a) | 180400 | 5036768 |
| PennyMac Financial Services Inc  | 148200 | 14440608 |
| Voya Financial Inc  | 104100 | 6162720 |
|  |  | 52973983 |
| Insurance - 4.2% |  |  |
| American Financial Group Inc/OH  | 106000 | 13425960 |
| Hartford Insurance Group Inc/The  | 195058 | 23927765 |
| Reinsurance Group of America Inc  | 84700 | 15865157 |
| The Travelers Companies, Inc.  | 62700 | 16560951 |
|  |  | 69779833 |
| TOTAL FINANCIALS |  | 291879412 |
| Health Care - 6.9% |  |  |
| Health Care Equipment & Supplies - 1.6% |  |  |
| Lantheus Holdings Inc (a)(d) | 74300 | 7752462 |
| QuidelOrtho Corp (a)(d) | 325700 | 9051203 |
| Solventum Corp (a) | 144200 | 9534504 |
|  |  | 26338169 |
| Health Care Providers & Services - 4.8% |  |  |
| Acadia Healthcare Co Inc (a) | 432200 | 10113480 |
| Centene Corp (a) | 236100 | 14130585 |
| Cigna Group/The  | 30000 | 10201200 |
| CVS Health Corp  | 124200 | 8285382 |
| Henry Schein Inc (a) | 140100 | 9102297 |
| Molina Healthcare Inc (a) | 23451 | 7668712 |
| PACS Group Inc (a) | 306600 | 2952557 |
| Tenet Healthcare Corp (a) | 122630 | 17529959 |
|  |  | 79984172 |
| Life Sciences Tools & Services - 0.5% |  |  |
| ICON PLC (a) | 57200 | 8662368 |
| TOTAL HEALTH CARE |  | 114984709 |
| Industrials - 17.2% |  |  |
| Air Freight & Logistics - 0.8% |  |  |
| GXO Logistics Inc (a)(d) | 376300 | 13637112 |
| Building Products - 2.1% |  |  |
| Builders FirstSource Inc (a) | 109269 | 13071851 |
| Owens Corning  | 70500 | 10251405 |
| UFP Industries Inc  | 115572 | 11424292 |
|  |  | 34747548 |
| Commercial Services & Supplies - 0.8% |  |  |
| Brink's Co/The  | 85120 | 7596109 |
| MillerKnoll Inc  | 367570 | 6028148 |
|  |  | 13624257 |
| Construction & Engineering - 1.8% |  |  |
| Centuri Holdings Inc (a)(d) | 534200 | 9594232 |
| EMCOR Group Inc  | 29212 | 11705248 |
| WillScot Holdings Corp  | 332900 | 8362448 |
|  |  | 29661928 |
| Electrical Equipment - 0.7% |  |  |
| Regal Rexnord Corp  | 120169 | 12718687 |
| Ground Transportation - 2.1% |  |  |
| Ryder System Inc  | 81600 | 11233872 |
| Saia Inc (a) | 16800 | 4099200 |
| U-Haul Holding Co Class N  | 152419 | 8352561 |
| XPO Inc (a) | 102241 | 10849815 |
|  |  | 34535448 |
| Machinery - 3.4% |  |  |
| Allison Transmission Holdings Inc  | 70200 | 6475248 |
| Atmus Filtration Technologies Inc  | 234300 | 8123181 |
| CNH Industrial NV Class A  | 880500 | 10187385 |
| Gates Industrial Corp PLC (a) | 543900 | 10290588 |
| Oshkosh Corp  | 87800 | 7354128 |
| PACCAR Inc  | 65800 | 5935818 |
| Terex Corp  | 254800 | 8968960 |
|  |  | 57335308 |
| Professional Services - 3.0% |  |  |
| Amentum Holdings Inc  | 341700 | 7455894 |
| Concentrix Corp (d) | 102955 | 5256882 |
| First Advantage Corp (a)(d) | 520100 | 7333410 |
| Genpact Ltd  | 210400 | 10574704 |
| KBR Inc  | 143000 | 7551830 |
| SS&C Technologies Holdings Inc  | 163900 | 12390840 |
|  |  | 50563560 |
| Trading Companies & Distributors - 2.5% |  |  |
| Core & Main Inc Class A (a) | 113000 | 5952840 |
| GMS Inc (a) | 137200 | 10051272 |
| Herc Holdings Inc (d) | 52000 | 5690880 |
| Rush Enterprises Inc Class A  | 113100 | 5766969 |
| Wesco International Inc  | 83412 | 13592820 |
|  |  | 41054781 |
| TOTAL INDUSTRIALS |  | 287878629 |
| Information Technology - 7.3% |  |  |
| Communications Equipment - 0.7% |  |  |
| Ciena Corp (a) | 178300 | 11974628 |
| Electronic Equipment, Instruments & Components - 2.6% |  |  |
| Arrow Electronics Inc (a) | 73400 | 8173824 |
| Avnet Inc  | 147100 | 6912229 |
| Coherent Corp (a) | 118700 | 7634784 |
| Jabil Inc  | 69200 | 10141952 |
| TD SYNNEX Corp  | 97284 | 10779067 |
|  |  | 43641856 |
| IT Services - 1.4% |  |  |
| Amdocs Ltd  | 75700 | 6705506 |
| ASGN Inc (a) | 36408 | 1834235 |
| EPAM Systems Inc (a) | 39400 | 6182254 |
| Kyndryl Holdings Inc (a) | 259600 | 8416232 |
|  |  | 23138227 |
| Semiconductors & Semiconductor Equipment - 1.3% |  |  |
| First Solar Inc (a) | 84000 | 10568880 |
| ON Semiconductor Corp (a) | 283100 | 11239070 |
|  |  | 21807950 |
| Software - 0.3% |  |  |
| Progress Software Corp (d) | 99000 | 5936040 |
| Technology Hardware, Storage & Peripherals - 1.0% |  |  |
| Sandisk Corp/DE  | 39200 | 1258712 |
| Western Digital Corp (a) | 341700 | 14986962 |
|  |  | 16245674 |
| TOTAL INFORMATION TECHNOLOGY |  | 122744375 |
| Materials - 7.9% |  |  |
| Chemicals - 2.9% |  |  |
| Corteva Inc  | 254467 | 15774410 |
| Minerals Technologies Inc  | 155300 | 8011927 |
| Mosaic Co/The  | 298200 | 9065280 |
| Westlake Corp (d) | 163189 | 15083559 |
|  |  | 47935176 |
| Construction Materials - 1.2% |  |  |
| CRH PLC  | 130700 | 12471394 |
| James Hardie Industries PLC ADR (a) | 359900 | 8544026 |
|  |  | 21015420 |
| Containers & Packaging - 2.1% |  |  |
| Graphic Packaging Holding CO  | 383100 | 9696261 |
| International Paper Co  | 193040 | 8818067 |
| Smurfit WestRock PLC  | 383900 | 16131478 |
|  |  | 34645806 |
| Metals & Mining - 1.7% |  |  |
| Reliance Inc  | 60200 | 17351446 |
| Steel Dynamics Inc  | 89000 | 11544190 |
|  |  | 28895636 |
| TOTAL MATERIALS |  | 132492038 |
| Real Estate - 9.9% |  |  |
| Health Care REITs - 2.0% |  |  |
| American Healthcare REIT Inc (d) | 419800 | 13551144 |
| Welltower Inc  | 132268 | 20182774 |
|  |  | 33733918 |
| Industrial REITs - 1.7% |  |  |
| Americold Realty Trust Inc  | 317400 | 6138516 |
| Prologis Inc  | 135660 | 13864452 |
| Rexford Industrial Realty Inc  | 267600 | 8857560 |
|  |  | 28860528 |
| Real Estate Management & Development - 1.1% |  |  |
| Compass Inc Class A (a) | 837700 | 6467044 |
| Jones Lang LaSalle Inc (a) | 53200 | 12098212 |
|  |  | 18565256 |
| Residential REITs - 2.8% |  |  |
| Camden Property Trust  | 125600 | 14293280 |
| Sun Communities Inc  | 158900 | 19771927 |
| UDR Inc  | 316300 | 13246644 |
|  |  | 47311851 |
| Specialized REITs - 2.3% |  |  |
| Iron Mountain Inc  | 74300 | 6662481 |
| Lamar Advertising Co Class A  | 54600 | 6214026 |
| Outfront Media Inc  | 569792 | 8620953 |
| Public Storage Operating Co  | 53816 | 16167941 |
|  |  | 37665401 |
| TOTAL REAL ESTATE |  | 166136954 |
| Utilities - 8.1% |  |  |
| Electric Utilities - 5.1% |  |  |
| Constellation Energy Corp  | 26669 | 5958921 |
| Edison International  | 127132 | 6802833 |
| Evergy Inc  | 199300 | 13771630 |
| Eversource Energy  | 277800 | 16523544 |
| Exelon Corp  | 157000 | 7363300 |
| NRG Energy Inc  | 111700 | 12240086 |
| PG&E Corp  | 1319414 | 21796720 |
|  |  | 84457034 |
| Gas Utilities - 1.1% |  |  |
| UGI Corp  | 538100 | 17644299 |
| Independent Power and Renewable Electricity Producers - 0.7% |  |  |
| AES Corp/The  | 738400 | 7384000 |
| Vistra Corp  | 40800 | 5288904 |
|  |  | 12672904 |
| Multi-Utilities - 1.2% |  |  |
| Sempra  | 278000 | 20647060 |
| TOTAL UTILITIES |  | 135421297 |
| TOTAL UNITED STATES |  | 1599100590 |
| ZAMBIA - 0.7%  |  |  |
| Materials - 0.7% |  |  |
| Metals & Mining - 0.7% |  |  |
| First Quantum Minerals Ltd (a) | 832400 | 11176356 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $1,559,774,993) |  | <br> **1673293090** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 4.0%** | &nbsp;&nbsp;**Money Market Funds - 4.0%** | &nbsp;&nbsp;**Money Market Funds - 4.0%** | &nbsp;&nbsp;**Money Market Funds - 4.0%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Securities Lending Cash Central Fund (e)(f)<br>(Cost $68,141,903)<br>| 4.33 | 68135090 | **68141903** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 104.1%**<br> (Cost $1,627,916,896)<br>| <br>**1741434993** |
| **NET OTHER ASSETS (LIABILITIES) - (4.1)%**  | **(69151780)** |
| **NET ASSETS - 100.0%** | **1672283213** |

---

**Legend**

(a) Non-income producing

(b) Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $9,426,808 or 0.6% of net assets.

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $9,426,808 or 0.6% of net assets.

(d) Security or a portion of the security is on loan at period end.

(e) 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.

(f) Investment made with cash collateral received from securities on loan.

**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 | 2813365 | 48351126 | 51164491 | 15771 | - | - | - | - | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 50634920 | 161780510 | 144273527 | 122170 | - | - | 68141903 | 68135090 | 0.2% |
| Total | 53448285 | 210131636 | 195438018 | 137941 | - | - | 68141903 |  |  |

---

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.

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.

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 Devonshire Trust

- **b. Investment Company Act file number:** 811-01352

- **c. CIK number of Registrant:** 0000035341

- **d. LEI of Registrant:** 2YVQGEKVQ2H3HLS69325

- **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 Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000006068

- **c. LEI of Series:** RCQ66XN22BQG9YLF5290

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

- **a. Date of fiscal year-end:** 2026-01-31

- **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:** $1741117539.57

**Total Liabilities:** $68283353.03

**Net Assets:** $1672834186.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000043325 | -4.47%               | -4.77%               | -3.47%               |
| Class ID C000177516 | -3.41%               | -4.70%               | -3.33%               |
| Class ID C000043327 | -3.41%               | -4.70%               | -3.37%               |
| Class ID C000043323 | -8.99%               | -4.72%               | -3.37%               |
| Class ID C000016686 | -3.43%               | -4.68%               | -3.36%               |
| Class ID C000043326 | -6.85%               | -4.72%               | -3.44%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3113236.58              | $-70815071.75                              |
| Month 2  | $-3539793.03             | $-86553953.37                              |
| Month 3  | $-29756665.56            | $-29090948.50                              |

### 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        |    153757 | NS      | $9388402.42   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP            | LIBERTY BROADBAND CORP C                      | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     84900 | NS      | $7674111.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                     | COHERENT CORP                                 | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    118700 | NS      | $7634784.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                | ENERGY TRANSFER LP                            | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    977100 | NS      | $16161234.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                          | AES CORP                                      | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    738400 | NS      | $7384000.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC          | COREBRIDGE FINANCIAL INC                      | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    339092 | NS      | $10047295.96  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST             | CAMDEN PROPERTY TRUST - REIT                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |    125600 | NS      | $14293280.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HLDGS INC                 | ONEMAIN HOLDINGS INC                          | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    254155 | NS      | $11963075.85  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                 | STATE STREET CORP                             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    211200 | NS      | $18606720.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG ENERGY CORP                   | MEG ENERGY CORP                               | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    367300 | NS      | $5152750.62   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                       | PHILLIPS 66                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    122200 | NS      | $12716132.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS INC             | ARROW ELECTRONICS INC                         | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     79500 | NS      | $8853120.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO            | INTERNATIONAL PAPER CO                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    193040 | NS      | $8818067.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC                         | JABIL INC                                     | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     69200 | NS      | $10141952.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                           | KB HOME                                       | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    143700 | NS      | $7764111.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORP                        | TEREX CORP                                    | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    254800 | NS      | $8968960.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC          | CONSTELLATION BRANDS INC CL A                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     56800 | NS      | $10652272.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORP                      | OSHKOSH CORP                                  | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     87800 | NS      | $7354128.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATN     | WESTERN ALLIANCE BANCORP                      | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    148900 | NS      | $10379819.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS SOFTWARE CORP            | PROGRESS SOFTWARE CORP                        | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |    104600 | NS      | $6271816.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| ATMUS FILTRATION TECHNOLOGIES INC | ATMUS FILTRATION TECHNOLOGIES INC             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    234300 | NS      | $8123181.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                     | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    132268 | NS      | $20182774.12  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC/NC  | FIRST CITIZENS BANCSHARES INC CL A            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      7900 | NS      | $14055206.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM SYSTEMS INC                  | EPAM SYSTEMS INC                              | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     39400 | NS      | $6182254.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                 | EVERSOURCE ENERGY                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    277800 | NS      | $16523544.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS INC                | ALBERTSONS COS INC CL A                       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    273900 | NS      | $6020322.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC            | JONES LANG LASALLE INC                        | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     53200 | NS      | $12098212.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMES HARDIE INDUSTRIES PLC       | JAMES HARDIE INDS PLC SPON ADR                | CUSIP: 47030M106<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |    359900 | NS      | $8544026.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS INC                | STEEL DYNAMICS INC                            | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     89000 | NS      | $11544190.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC               | SUN COMMUNITIES INC - REIT                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    158900 | NS      | $19771927.00  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP                          | PVH CORP                                      | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |    145400 | NS      | $10029692.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP             | ON SEMICONDUCTOR CORP                         | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    283100 | NS      | $11239070.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC     | APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     91873 | NS      | $12538827.04  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP               | SCHWAB CHARLES CORP                           | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     81300 | NS      | $6617820.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRICK INDUSTRIES INC            | PATRICK INDUSTRIES INC                        | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    106900 | NS      | $8229162.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLERKNOLL INC                   | MILLERKNOLL INC                               | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    367570 | NS      | $6028148.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                        | PACCAR INC                                    | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     65800 | NS      | $5935818.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DARLING INGREDIENTS INC           | DARLING INGREDIENTS INC                       | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    226000 | NS      | $7274940.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD        | FIRST QUANTUM MINERALS LTD                    | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    832400 | NS      | $11176355.72  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD               | SIGNET JEWELERS LTD                           | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | BM        |    138600 | NS      | $8218980.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| BRINKS CO                         | BRINKS CO                                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     85120 | NS      | $7596108.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP                | REGAL REXNORD CORP                            | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |    120169 | NS      | $12718686.96  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INC                      | RELIANCE INC                                  | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     60200 | NS      | $17351446.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                    | PUBLIC STORAGE                                | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     53816 | NS      | $16167940.88  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                            | SEMPRA                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    278000 | NS      | $20647060.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP              | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    341700 | NS      | $14986962.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP (THE)                 | CIGNA GROUP (THE)                             | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     30500 | NS      | $10371220.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPRI HOLDINGS LTD                | CAPRI HOLDINGS LTD                            | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |    374500 | NS      | $5632480.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL INC.      | RAYMOND JAMES FINANCIAL INC.                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     76113 | NS      | $10430525.52  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORP PLC         | GATES INDUSTRIAL CORP PLC                     | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    543900 | NS      | $10290588.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HASBRO INC                        | HASBRO INC                                    | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |    134900 | NS      | $8350310.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS INC            | FIRSTCASH HOLDINGS INC                        | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51700 | NS      | $6925732.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON GRAND VACATIONS INC        | HILTON GRAND VACATIONS INC                    | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |    232800 | NS      | $7829064.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS GROUP INC                    | PACS GROUP INC                                | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    306600 | NS      | $2952558.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JM SMUCKER CO/THE                 | JM SMUCKER CO/THE                             | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     61500 | NS      | $7150605.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICOLD REALTY TRUST            | AMERICOLD REALTY TRUST                        | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               | CORP              | US        |    317400 | NS      | $6138516.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                   | BUNGE GLOBAL SA                               | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |    248892 | NS      | $19592778.24  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS INC                       | COMPASS INC                                   | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    837700 | NS      | $6467044.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CROCS INC                         | CROCS INC                                     | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     98500 | NS      | $9497370.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC/THE  | HARTFORD INSURANCE GROUP INC/THE              | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    195058 | NS      | $23927764.86  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDUSTRIES INC                | UFP INDUSTRIES INC                            | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    115572 | NS      | $11424292.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                        | CIENA CORP                                    | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    178300 | NS      | $11974628.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                    | NRG ENERGY INC                                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    111700 | NS      | $12240086.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| U-HAUL HOLDING CO                 | U-HAUL HOLDING CO                             | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    152419 | NS      | $8352561.20   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GAP INC                           | GAP INC                                       | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    415700 | NS      | $9103830.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORP                     | WESTLAKE CORP                                 | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    163189 | NS      | $15083559.27  | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| GRAPHIC PACKAGING HOLDING CO      | GRAPHIC PACKAGING HOLDING CO                  | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    369800 | NS      | $9359638.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                       | CORTEVA INC                                   | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    254467 | NS      | $15774409.33  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG                 | SIEMENS ENERGY AG                             | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    105600 | NS      | $8150596.85   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC  | REINSURANCE GROUP OF AMERICA                  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     84700 | NS      | $15865157.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSH ENTERPRISES INC              | RUSH ENTERPRISES INC CL A                     | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    113100 | NS      | $5766969.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                     | PG and E CORP                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   1319414 | NS      | $21796719.28  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| METHANEX CORP                     | METHANEX CORP                                 | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |    212900 | NS      | $6661641.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORP                    | SOLVENTUM CORP                                | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |    144200 | NS      | $9534504.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                    | TECHNIPFMC PLC                                | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |    277700 | NS      | $7822809.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BIONTECH SE                       | BIONTECH SE ADR                               | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     47300 | NS      | $4926295.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORP INTERNATIONAL INC    | SERVICE CORP INTERNATIONAL INC                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    117800 | NS      | $9412220.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                          | SLM CORP                                      | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    645068 | NS      | $18648915.88  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR INC                           | KBR INC                                       | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    143000 | NS      | $7551830.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS INC             | LANTHEUS HLDGS INC                            | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     74300 | NS      | $7752462.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| UGI CORP                          | UGI CORP NEW                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    538100 | NS      | $17644299.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| M and T BANK CORP                 | M and T BANK CORP                             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |    108456 | NS      | $18411490.56  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC              | KEURIG DR PEPPER INC                          | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    203600 | NS      | $7042524.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN INC                          | ASGN INC                                      | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     43841 | NS      | $2208709.58   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HENRY SCHEIN INC                  | HENRY SCHEIN INC                              | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |    140100 | NS      | $9102297.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT MEDIA INC                | OUTFRONT MEDIA INC                            | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    569792 | NS      | $8620952.96   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST ADVANTAGE CORP              | FIRST ADVANTAGE CORP                          | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |    520100 | NS      | $7333410.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| NEXSTAR MEDIA GROUP INC           | NEXSTAR MEDIA GROUP INC                       | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     45958 | NS      | $6878074.28   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT INC      | AMERICAN HEALTHCARE REIT INC                  | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    419800 | NS      | $13551144.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| AERCAP HOLDINGS NV                | AERCAP HOLDINGS NV                            | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |     66000 | NS      | $6996000.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM INC                  | RYDER SYSTEM INC                              | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     93900 | NS      | $12927213.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                 | CNH INDUSTRIAL NV                             | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | NL        |    880500 | NS      | $10187385.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AMENTUM HOLDINGS INC              | AMENTUM HOLDINGS INC                          | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    341700 | NS      | $7455894.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLNEX TELECOM SAU               | CELLNEX TELECOM SAU                           | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    232937 | NS      | $9426808.48   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                | CENOVUS ENERGY INC                            | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    607693 | NS      | $7152546.61   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC GROUP INC                     | BGC GROUP INC A                               | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    898000 | NS      | $8135880.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                   | EMCOR GROUP INC                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     29212 | NS      | $11705248.40  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL INC           | WESCO INTERNATIONAL INC                       | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     83412 | NS      | $13592819.52  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP INC       | PENSKE AUTOMOTIVE GROUP INC                   | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     44000 | NS      | $6849480.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UPBOUND GROUP INC                 | UPBOUND GROUP INC                             | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    365543 | NS      | $7274305.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CONSOLIDATED INC        | COCA COLA CONSOLIDATED INC                    | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      9900 | NS      | $13422519.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO LOGISTICS INC                 | GXO LOGISTICS INC                             | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |    376300 | NS      | $13637112.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| KYNDRYL HOLDINGS INC              | KYNDRYL HOLDINGS INC                          | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    259600 | NS      | $8416232.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| QUIDELORTHO CORP                  | QUIDELORTHO CORP                              | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    325700 | NS      | $9051203.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| LAUREATE EDUCATION INC            | LAUREATE EDUCATION INC                        | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |    646252 | NS      | $12970277.64  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                           | CRH PLC                                       | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |    130700 | NS      | $12471394.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC   | PHILIP MORRIS INTL INC                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     27500 | NS      | $4712400.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC   | PENNYMAC FINANCIAL SERVICES INC               | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |    148200 | NS      | $14440608.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP             | TENET HEALTHCARE CORP                         | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    126230 | NS      | $18044578.50  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                         | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     81200 | NS      | $4747764.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                          | ICON PLC                                      | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |     57200 | NS      | $8662368.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC             | MOLINA HEALTHCARE INC                         | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     23451 | NS      | $7668711.51   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDISK CORP                      | SANDISK CORPORATION                           | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39200 | NS      | $1258712.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADEMY SPORTS and OUTDOORS INC   | ACADEMY SPORTS and OUTDOORS INC               | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109900 | NS      | $4141032.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTERNATIONAL PLC     | WEATHERFORD INTERNATIONAL PLC                 | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |    149900 | NS      | $6205860.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC                | ALLY FINANCIAL INC                            | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    296800 | NS      | $9693488.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                     | TOPBUILD CORP                                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     33200 | NS      | $9819232.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CONCENTRIX CORP                   | CONCENTRIX CORP                               | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |    102955 | NS      | $5256882.30   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| DOLLAR TREE INC                   | DOLLAR TREE INC                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    124000 | NS      | $10139480.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET INC                         | AVNET INC                                     | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    147100 | NS      | $6912229.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURI HOLDINGS INC              | CENTURI HOLDINGS INC                          | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    534200 | NS      | $9594232.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| LITHIA MOTORS INC                 | LITHIA MOTORS INC CL A                        | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     26071 | NS      | $7632545.96   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP         | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27469 | NS      | $6137673.36   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                 | IRON MOUNTAIN INC                             | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     74300 | NS      | $6662481.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PLC              | SMURFIT WESTROCK PLC                          | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |    383900 | NS      | $16131478.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERALS TECHNOLOGIES INC         | MINERALS TECHNOLOGIES INC                     | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |    155300 | NS      | $8011927.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC                | VOYA FINANCIAL INC                            | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    104100 | NS      | $6162720.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES INC        | CORE NATURAL RESOURCES INC                    | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     44800 | NS      | $3235008.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA HEALTHCARE CO INC          | ACADIA HEALTHCARE CO INC                      | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    432200 | NS      | $10113480.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC          | BUILDERS FIRSTSOURCE                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    109269 | NS      | $13071850.47  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GROCERY OUTLET HOLDING CORP       | GROCERY OUTLET HOLDING CORP                   | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    484800 | NS      | $8139792.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| GENPACT LTD                       | GENPACT LTD                                   | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |    210400 | NS      | $10574704.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                 | HERC HOLDINGS INC                             | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     52000 | NS      | $5690880.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| TRAVELERS COS INC                 | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     62700 | NS      | $16560951.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY INC                        | EVERGY INC                                    | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    199300 | NS      | $13771630.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDGS INC    | ALLISON TRANSMISSION HLDGS INC                | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     70200 | NS      | $6475248.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL              | EDISON INTL                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    127132 | NS      | $6802833.32   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                   | CVS HEALTH CORP                               | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    124200 | NS      | $8285382.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RES CORP                    | TARGA RESOURCES CORP                          | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     64610 | NS      | $11041849.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust      | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  67072758 | NS      | $67079465.07  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCOVER FINANCIAL SVS            | DISCOVER FIN SVCS                             | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |    100500 | NS      | $18358335.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING NEW                 | OWENS CORNING INC                             | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     70500 | NS      | $10251405.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR INC                           | UDR INC                                       | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    316300 | NS      | $13246644.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLSCOT HOLDINGS CORP            | WILLSCOT HOLDINGS CORP                        | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    332900 | NS      | $8362448.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERFOR CORP                     | INTERFOR CORP                                 | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |    698300 | NS      | $6726696.65   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP DEL                  | CENTENE CORP                                  | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    236100 | NS      | $14130585.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORP            | WEBSTER FINANCIAL                             | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    169300 | NS      | $8007890.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                           | XPO INC                                       | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    102241 | NS      | $10849814.92  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORP                    | TD SYNNEX CORP                                | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     92684 | NS      | $10269387.20  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC                   | FIRST SOLAR INC                               | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     84000 | NS      | $10568880.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                       | EXELON CORP                                   | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    157000 | NS      | $7363300.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MOSAIC CO                         | MOSAIC CO NEW                                 | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    298200 | NS      | $9065280.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP             | US FOODS HOLDING CORP                         | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    297268 | NS      | $19518616.88  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC             | REXFORD INDUSTRIAL REALTY INC                 | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    267600 | NS      | $8857560.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP INC             | EAST WEST BANCORP INC                         | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103924 | NS      | $8890698.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LIMITED                    | AMDOCS LTD                                    | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     79500 | NS      | $7042110.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC                       | OVINTIV INC                                   | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    251200 | NS      | $8435296.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMO BRANDS CORP                 | PRIMO BRANDS CORP A                           | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |    172500 | NS      | $5635575.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS INC                           | GMS INC                                       | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |    137200 | NS      | $10051272.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINL GROUP INC OHIO      | AMERICAN FINL GROUP INC OHIO                  | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |    106000 | NS      | $13425960.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                       | VISTRA CORP                                   | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     44700 | NS      | $5794461.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR ATLEOS CORP                   | NCR ATLEOS CORP                               | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |    180400 | NS      | $5036768.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SS and C TECHNOLOGIES HLDGS INC   | SS and C TECHNOLOGIES HOLDINGS INC            | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    163900 | NS      | $12390840.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                      | PROLOGIS INC REIT                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    135660 | NS      | $13864452.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC               | CHENIERE ENERGY INC                           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     70900 | NS      | $16385699.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING CO              | LAMAR ADVERTISING CO CL A                     | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     38300 | NS      | $4358923.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE and MAIN INC                 | CORE and MAIN INC                             | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113000 | NS      | $5952840.00   | 0.36%             |  |  |  | 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