# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-159923
**Filing Date:** 2025-6
**Character Count:** 36372
**Document Hash:** 082abf8a6b5bb00750d1dbb0ce4b3458
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-159923.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-159923

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 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:** 251079866

**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 International High Dividend ETF (Series ID: S000059462)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000194895 | Fidelity International High Dividend ETF | FIDI            |

## 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 International High Dividend ETF

- **b. EDGAR series identifier (if any):** S000059462

- **c. LEI of Series:** 549300V1O2W9E2XS0R14

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

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

- **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:** $119005347.04

**Total Liabilities:** $72145.83

**Net Assets:** $118933201.21

**Delayed Delivery Securities:** $52868.25

**Cash Not Reported:** $100821.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194895 | 3.21%                | 2.14%                | 5.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $876126.77               | $2022156.73                                |
| Month 2  | $-38316.75               | $1162732.30                                |
| Month 3  | $0.00                    | $4864056.30                                |

### 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        |      5127 | NS      | $2122017.49   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SSAB AB (SWD STL)                   | SSAB AB - CL B                      | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    451057 | NS      | $2808788.42   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AGC INC                             | AGC INC                             | CUSIP: N/A<br>LEI: JE4WFFEELMVPFZ0G1E77       | Long             | EC               | CORP              | JP        |     22300 | NS      | $696171.48    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO BANK NV                    | ABN AMRO BANK NV-GDR                | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     62144 | NS      | $1285687.90   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                          | EIFFAGE SA (FORM FOUGEROLLE)        | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      5926 | NS      | $806681.57    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                   | HSBC HOLDINGS PLC                   | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    195670 | NS      | $2174485.40   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN TOBACCO INC                   | JAPAN TOBACCO INC                   | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     90400 | NS      | $2792994.95   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATIONAL RAILWAY CO        | CANADIAN NATL RAILWAY CO            | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      4641 | NS      | $448577.36    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NISSAN MOTOR CO LTD                 | NISSAN MOTOR CO LTD ORD             | CUSIP: N/A<br>LEI: 353800DRBDH1LUTNAY26       | Long             | EC               | CORP              | JP        |    114300 | NS      | $273650.10    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                              | AXA SA                              | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     34859 | NS      | $1647251.50   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ GROUP HOLDINGS LTD              | ANZ GROUP HOLDINGS LTD              | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     51662 | NS      | $987050.09    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC        | BRITISH AMERICAN TOBACCO PLC        | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     58290 | NS      | $2528826.31   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGAL AND GENERAL GROUP PLC         | LEGAL and GENERAL GROUP PLC ORD     | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |    377940 | NS      | $1183789.90   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                              | SAP SE                              | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      1684 | NS      | $488717.47    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                         | BNP PARIBAS                         | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     19671 | NS      | $1661199.38   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                   | NATIONAL GRID PLC                   | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    249507 | NS      | $3609276.19   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK AS                     | NOVO-NORDISK AS CL B                | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |      8152 | NS      | $540242.51    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORP                   | TOYOTA MOTOR CORP                   | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     38935 | NS      | $744907.56    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG           | ZURICH INSURANCE GROUP AG           | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      2134 | NS      | $1512432.74   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA SECURITIES GROUP INC          | DAIWA SECURITIES GROUP INC          | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |    200000 | NS      | $1309871.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MARUBENI CORP                       | MARUBENI CORP                       | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |     45600 | NS      | $808166.01    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| RANDSTAD NV                         | RANDSTAD NV                         | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |     12079 | NS      | $483598.89    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                        | CARREFOUR SA (SUPERMARCHE)          | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    124909 | NS      | $1930358.22   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG                         | NOVARTIS AG (REG)                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      4804 | NS      | $548301.99    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TORONTO DOMINION BANK           | TORONTO-DOMINION BANK               | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     24064 | NS      | $1534639.66   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KYOCERA CORP                        | KYOCERA CORP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     24300 | NS      | $288247.34    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI and CO LTD                   | MITSUI and CO LTD                   | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     41400 | NS      | $841118.90    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CSL LTD                             | CSL LIMITED                         | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |      1698 | NS      | $272844.03    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                        | CAIXABANK SA                        | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    181805 | NS      | $1391281.13   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO CORP                       | SUMITOMO CORP                       | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     30600 | NS      | $750412.23    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCHE HOLDING AG                    | ROCHE HOLDINGS AG (GENUSSCHEINE)    | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      1762 | NS      | $577434.26    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ING GROEP NV                        | ING GROEP NV                        | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     77079 | NS      | $1490759.09   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR WIMPEY PLC                   | TAYLOR WIMPEY PLC                   | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |    228450 | NS      | $358387.72    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| OVERSEA-CHINESE BKG CORP LTD        | OVERSEA-CHINESE BKG CORP LTD        | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |     98400 | NS      | $1217094.28   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC          | CONSTELLATION SOFTWARE INC          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |        77 | NS      | $276958.63    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SA                        | CAPGEMINI SA (FF40)                 | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |       620 | NS      | $98564.18     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                     | BAE SYSTEMS PLC                     | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     49250 | NS      | $1141010.04   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| KERING SA                           | KERING                              | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |      1094 | NS      | $221784.43    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                             | GSK PLC                             | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     16667 | NS      | $330258.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KLEPIERRE SA                        | KLEPIERRE SA                        | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     87345 | NS      | $3201091.19   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BOUYGUES SA                         | BOUYGUES ORD                        | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |     16715 | NS      | $735330.04    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OPEN TEXT CORPORATION               | OPEN TEXT CORPORATION               | CUSIP: 683715106<br>LEI: 549300UQROQS42RKHM85 | Long             | EC               | CORP              | CA        |      6047 | NS      | $163378.01    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO PLC                       | RIO TINTO PLC                       | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     42400 | NS      | $2518499.75   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ADECCO GROUP AG                     | ADECCO GROUP AG                     | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |     26084 | NS      | $679913.94    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI CORP                     | MITSUBISHI CORP                     | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |     50500 | NS      | $960151.43    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ORKLA ASA                           | ORKLA ASA                           | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    195504 | NS      | $2179399.36   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON STEEL CORP                   | NIPPON STEEL CORP                   | CUSIP: N/A<br>LEI: 35380065QWQ4U2V3PA33       | Long             | EC               | CORP              | JP        |    109700 | NS      | $2314897.64   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMONWEALTH BANK AUSTRALIA         | COMMONWEALTH BK OF AUSTRALIA        | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |     15765 | NS      | $1680533.39   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKEDA PHARMACEUTICAL CO LTD        | TAKEDA PHARMACEUTICAL CO LTD        | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     12600 | NS      | $382752.38    | 0.32%             |  |  |  | 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        |       848 | NS      | $470318.04    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTELLAS PHARMA INC                 | ASTELLAS PHARMA INC                 | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |     30500 | NS      | $305235.21    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LTD                        | BRAMBLES LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     17996 | NS      | $236282.48    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                     | ASTRAZENECA PLC                     | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      4268 | NS      | $611578.35    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                             | BASF SE                             | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |     52680 | NS      | $2672622.48   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SPECTRIS PLC                        | SPECTRIS PLC                        | CUSIP: N/A<br>LEI: 213800Z4CO2CZO3M3T10       | Long             | EC               | CORP              | GB        |      2123 | NS      | $56713.82     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYERISCHE MOTOREN WERKE (BMW) AG   | BMW AG                              | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |      3715 | NS      | $313770.85    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIGIN ENERGY LTD                   | ORIGIN ENERGY LIMITED               | CUSIP: N/A<br>LEI: ZSN2LWNPYW6ISMRUC664       | Long             | EC               | CORP              | AU        |    393941 | NS      | $2681951.90   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC                           | CANON INC                           | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |      8600 | NS      | $265524.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BROTHER INDUSTRIES LTD              | BROTHER INDUSTRIES                  | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |     14100 | NS      | $248163.56    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA             | BANK OF NOVA SCOTIA                 | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     23378 | NS      | $1167461.41   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| STELLANTIS NV                       | STELLANTIS NV                       | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |     22993 | NS      | $212757.56    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LINK REIT                           | LINK REAL ESTATE INVESTMENT TR      | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |    562000 | NS      | $2634363.68   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC KANSAS CITY LTD    | CANADIAN PACIFIC KANSAS CITY LTD    | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6839 | NS      | $495756.95    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WESFARMERS LTD                      | WESFARMERS LTD                      | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |      8156 | NS      | $408722.05    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL SPA                            | ENEL (ENTE NAZ ENERG ELET) SPA      | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    424083 | NS      | $3684991.63   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE CORP           | BROOKFIELD RENEWABLE CORP           | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | CA        |     85426 | NS      | $2429875.87   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust        | Fidelity Cash Central Fund          | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    145178 | NS      | $145207.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                             | DCC PLC                             | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |      9245 | NS      | $603349.98    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG                          | SIEMENS AG (REGD)                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      3618 | NS      | $830572.19    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD                         | NUTRIEN LTD                         | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     53092 | NS      | $3024933.32   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                 | IMPERIAL BRANDS PLC                 | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     60640 | NS      | $2489843.10   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DHL GROUP                           | DHL GROUP                           | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      9501 | NS      | $405117.82    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB            | SVENSKA HANDELSBANKEN SER A         | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |    123543 | NS      | $1618436.48   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC                          | HALEON PLC                          | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |     49454 | NS      | $248633.69    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD       | JARDINE MATHESON HLD                | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | BM        |      6600 | NS      | $293436.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO LTD                  | HONDA MOTOR CO LTD                  | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     38000 | NS      | $387086.37    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                           | UST BILLS 0% 05/29/2025             | CUSIP: 912797NN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     16000 | PA      | $15947.49     | 0.01%             | 2025-05-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAZDA MOTOR CORP                    | MAZDA MOTOR CORP                    | CUSIP: N/A<br>LEI: 52990044YZJLICDQKK92       | Long             | EC               | CORP              | JP        |     41900 | NS      | $250977.01    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX CORP                           | ORIX CORP                           | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     70000 | NS      | $1399116.66   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLVO AB                            | VOLVO AB SER B                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     33165 | NS      | $902977.64    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD         | NATIONAL AUSTRALIA BANK LTD         | CUSIP: N/A<br>LEI: F8SB4JFBSYQFRQEH3Z21       | Long             | EC               | CORP              | AU        |     43820 | NS      | $1013021.14   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| WILMAR INTERNATIONAL LTD            | WILMAR INTERNATIONAL LTD            | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |    775100 | NS      | $1816501.49   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HANG SENG BANK LTD                  | HANG SENG BANK LTD                  | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |     82700 | NS      | $1154965.38   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTESCUE LTD                       | FORTESCUE LTD                       | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    217963 | NS      | $2257916.09   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                      | MSCI EAFE FUT JUN25 MFSM5           | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |        12 | NC      | $24429.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                 | INTESA SANPAOLO SPA                 | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    382592 | NS      | $2036255.44   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTSERVICE CORP                   | FIRSTSERVICE CORP                   | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     11435 | NS      | $2003049.74   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                     | ASML HOLDING NV                     | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       657 | NS      | $435037.07    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA                         | AENA SME SA                         | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |      2542 | NS      | $639761.54    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| INVINCIBLE INVESTMENT CORP          | INVINCIBLE INVESTMENT CORP          | CUSIP: N/A<br>LEI: 353800JY6M2692VAV685       | Long             | EC               | CORP              | JP        |      6203 | NS      | $2565738.92   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL QUE                | BANK OF MONTREAL                    | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |     12477 | NS      | $1193141.92   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                           | ALCON INC                           | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |      1923 | NS      | $186414.58    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP AG              | MERCEDES-BENZ GROUP AG              | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      5657 | NS      | $337413.31    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE SA                           | NESTLE SA (REG)                     | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     34488 | NS      | $3682357.31   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VINCI SA                            | VINCI SA                            | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      6447 | NS      | $898489.70    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI                              | SANOFI                              | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      3673 | NS      | $400409.62    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                | ROYAL BANK OF CANADA                | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     14678 | NS      | $1758320.90   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC           | TOKIO MARINE HOLDINGS INC           | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     50800 | NS      | $2032854.74   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NOKIA CORP                          | NOKIA OYJ                           | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |     23131 | NS      | $115405.09    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO BANK NV                    | ABN AMRO BANK NV RT                 | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |     62011 | NS      | $52868.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| M and G PLC                         | M and G PLC                         | CUSIP: N/A<br>LEI: 254900TWUJUQ44TQJY84       | Long             | EC               | CORP              | GB        |    402264 | NS      | $1114368.55   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISS RE AG                         | SWISS RE LTD                        | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |      6941 | NS      | $1247986.31   | 1.05%             |  |  |  | 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