# EDGAR Filing Document

**Accession Number:** 0000315700
**File Stem:** 0001752724-25-159815
**Filing Date:** 2025-6
**Character Count:** 37793
**Document Hash:** 64e1fad0d5c6fa23bbb43354631d2c55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-159815.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-159815

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES VII
- **CENTRAL INDEX KEY:** 0000315700

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03010
- **FILM NUMBER:** 251079740

**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 SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PLYMOUTH SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19911118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** READY CASH FUND
- **DATE OF NAME CHANGE:** 19880207

## Series and Classes Contracts Data

### Fidelity Advisor Semiconductors Fund (Series ID: S000005327)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000014549 | Class A      | FELAX           |
| C000014551 | Class C      | FELCX           |
| C000014552 | Class M      | FELTX           |
| C000014553 | Class I      | FELIX           |
| C000205004 | Class Z      | FIKGX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity Advisor® Semiconductors Fund**

**April 30, 2025**

AFEL-NPRT3-0625

1.800325.121 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 94.1%** | &nbsp;&nbsp;**Common Stocks - 94.1%** | &nbsp;&nbsp;**Common Stocks - 94.1%** |
|  | Shares | Value ($)<br>|
| ISRAEL - 2.2%  |  |  |
| Information Technology - 2.2% |  |  |
| Semiconductors & Semiconductor Equipment - 2.2% |  |  |
| Nova Ltd (b)(c) | 266432 | 52276623 |
| JAPAN - 1.7%  |  |  |
| Information Technology - 1.7% |  |  |
| Semiconductors & Semiconductor Equipment - 1.7% |  |  |
| Allegro MicroSystems Inc (c) | 1691029 | 32247923 |
| Kioxia Holdings Corp (b)(c) | 712600 | 9245160 |
| TOTAL JAPAN |  | 41493083 |
| NETHERLANDS - 8.7%  |  |  |
| Information Technology - 8.7% |  |  |
| Semiconductors & Semiconductor Equipment - 8.7% |  |  |
| ASML Holding NV depository receipt  | 73877 | 49355746 |
| NXP Semiconductors NV  | 879175 | 162040744 |
| TOTAL NETHERLANDS |  | 211396490 |
| TAIWAN - 8.5%  |  |  |
| Information Technology - 8.5% |  |  |
| Semiconductors & Semiconductor Equipment - 8.5% |  |  |
| Silicon Motion Technology Corp ADR  | 418000 | 20691000 |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 1106129 | 184380643 |
| TOTAL TAIWAN |  | 205071643 |
| UNITED STATES - 73.0%  |  |  |
| Information Technology - 73.0% |  |  |
| Electronic Equipment, Instruments & Components - 0.3% |  |  |
| Aeva Technologies Inc (b)(c) | 23620 | 167938 |
| Coherent Corp (c) | 93301 | 6001121 |
|  |  | 6169059 |
| Semiconductors & Semiconductor Equipment - 69.7% |  |  |
| Astera Labs Inc (c) | 451080 | 29460035 |
| Broadcom Inc  | 1353550 | 260517769 |
| GlobalFoundries Inc (c) | 2995383 | 105048082 |
| Impinj Inc (c) | 198259 | 18265602 |
| Lam Research Corp  | 1662260 | 119134174 |
| Lattice Semiconductor Corp (c) | 102528 | 5016694 |
| MACOM Technology Solutions Holdings Inc (c) | 386192 | 40067420 |
| Marvell Technology Inc  | 2040403 | 119098323 |
| Micron Technology Inc  | 1519001 | 116887127 |
| Monolithic Power Systems Inc  | 200585 | 118966964 |
| NVIDIA Corp  | 5492236 | 598214345 |
| ON Semiconductor Corp (c) | 3002057 | 119181663 |
| Synaptics Inc (c) | 234721 | 13064571 |
| Teradyne Inc  | 326400 | 24222144 |
| Wolfspeed Inc (b)(c) | 54700 | 194184 |
|  |  | 1687339097 |
| Software - 0.0% |  |  |
| Celestial AI Inc (d)(e) | 3908 | 60027 |
| Technology Hardware, Storage & Peripherals - 3.0% |  |  |
| Sandisk Corp/DE  | 286196 | 9189753 |
| Western Digital Corp (c) | 1419689 | 62267560 |
|  |  | 71457313 |
| TOTAL UNITED STATES |  | 1765025496 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $1,605,430,614) |  | <br> **2275263335** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.7%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.7%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.7%** |
|  | Shares | Value ($)<br>|
| CANADA - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Software - 0.0% |  |  |
| Taalas Inc Series B (d)(e) | 21300 | 1083318 |
| ISRAEL - 0.0%  |  |  |
| Industrials - 0.0% |  |  |
| Electrical Equipment - 0.0% |  |  |
| Element Labs Inc Series A (d)(e) | 199700 | 680977 |
| UNITED STATES - 0.7%  |  |  |
| Financials - 0.1% |  |  |
| Financial Services - 0.1% |  |  |
| Akeana Series C (c)(d)(e) | 11132 | 131358 |
| Tenstorrent Holdings Inc Series C1 (c)(d)(e) | 1740 | 112178 |
| Tenstorrent Holdings Inc Series D1 (d)(e) | 21358 | 1472634 |
| Tenstorrent Holdings Inc Series D2 (d)(e) | 1019 | 67417 |
|  |  | 1783587 |
| Information Technology - 0.6% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| Frore Systems Inc Series C (d)(e) | 143630 | 2052473 |
| Menlo Microsystems Inc Series C (c)(d)(e) | 79800 | 34314 |
|  |  | 2086787 |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| Alif Semiconductor Series C (c)(d)(e) | 48363 | 1224068 |
| Alif Semiconductor Series D (d)(e) | 48000 | 1297920 |
| Danger Devices Inc Series B (d)(e) | 1157700 | 1041930 |
| Rexford Industrial Realty Inc 5.625% Series C (c)(d)(e) | 55074 | 477492 |
| Rexford Industrial Realty Inc 5.875% Series D (e) | 13663 | 126246 |
| SiMa Technologies Inc Series B (c)(d)(e) | 30638 | 166977 |
| SiMa Technologies Inc Series B1 (c)(d)(e) | 18145 | 119575 |
|  |  | 4454208 |
| Software - 0.1% |  |  |
| Celestial AI Inc Series A (d)(e) | 24922 | 382802 |
| Celestial AI Inc Series B (d)(e) | 18753 | 288046 |
| Celestial AI Inc Series C1 (d)(e) | 75119 | 1153828 |
| Lyte Ai Inc Series B (d)(e) | 34117 | 378357 |
|  |  | 2203033 |
| Technology Hardware, Storage & Peripherals - 0.2% |  |  |
| Lightmatter Inc Series C1 (c)(d)(e) | 32553 | 1896212 |
| Lightmatter Inc Series C2 (c)(d)(e) | 5113 | 305297 |
| Lightmatter Inc Series D (d)(e) | 23200 | 1728864 |
|  |  | 3930373 |
| TOTAL INFORMATION TECHNOLOGY |  | 12674401 |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| Diamond Foundry Inc Series C (c)(d)(e) | 18335 | 397503 |
| TOTAL UNITED STATES |  | 14855491 |
| <br> **TOTAL CONVERTIBLE PREFERRED STOCKS**<br> (Cost $15,866,086) |  | <br> **16619786** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 0.0%** | &nbsp;&nbsp;**Preferred Securities - 0.0%** | &nbsp;&nbsp;**Preferred Securities - 0.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| SiMa Technologies Inc 10% 12/31/2027 (d)(e)<br>(Cost $48,852)<br>| 48852 | **49513** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (f) | 4.33 | 26559684 | 26564996 |
| Fidelity Securities Lending Cash Central Fund (f)(g) | 4.33 | 44630796 | 44635259 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $71,200,255) |  |  | **71200255** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 97.7%**<br> (Cost $1,692,545,807)<br>| <br>**2363132889** |
| **NET OTHER ASSETS (LIABILITIES) - 2.3%**  | **56811201** |
| **NET ASSETS - 100.0%** | **2419944090** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

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

(c) Non-income producing

(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $16,603,080 or 0.7% of net assets.

(e) Level 3 security

(f) 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.

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

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Akeana Series C | 1/23/24 | 142053 |
| Alif Semiconductor Series C | 3/08/22 | 981698 |
| Alif Semiconductor Series D | 4/11/25 | 1296821 |
| Celestial AI Inc | 2/25/25 | 57900 |
| Celestial AI Inc Series A | 2/25/25 | 369237 |
| Celestial AI Inc Series B | 2/25/25 | 277839 |
| Celestial AI Inc Series C1 | 2/25/25 | 1309339 |
| Danger Devices Inc Series B | 3/05/25 | 1042509 |
| Diamond Foundry Inc Series C | 3/15/21 | 440040 |
| Element Labs Inc Series A | 2/11/25 | 736613 |
| Frore Systems Inc Series C | 5/10/24 | 2308192 |
| Lightmatter Inc Series C1 | 5/19/23 | 535718 |
| Lightmatter Inc Series C2 | 12/18/23 | 132947 |
| Lightmatter Inc Series D | 10/11/24 | 1861348 |
| Lyte Ai Inc Series B | 8/13/24 | 432812 |
| Menlo Microsystems Inc Series C | 2/09/22 | 105775 |
| Rexford Industrial Realty Inc 5.625% Series C | 5/17/23 - 6/20/23 | 428575 |
| SiMa Technologies Inc 10% 12/31/2027 | 4/08/24 - 4/05/25 | 48852 |
| SiMa Technologies Inc Series B | 5/10/21 | 157093 |
| SiMa Technologies Inc Series B1 | 4/25/22 - 10/17/22 | 128664 |
| Taalas Inc Series B | 2/19/25 | 1169655 |
| Tenstorrent Holdings Inc Series C1 | 4/23/21 | 103509 |
| Tenstorrent Holdings Inc Series D1 | 7/16/24 - 1/15/25 | 1683575 |
| Tenstorrent Holdings Inc Series D2 | 7/17/24 | 77424 |

---

**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 | 483 | 855616588 | 829052075 | 1805747 | - | - | 26564996 | 26559684 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 80711425 | 478559078 | 514635244 | 325114 | - | - | 44635259 | 44630796 | 0.1% |
| Total | 80711908 | 1334175666 | 1343687319 | 2130861 | - | - | 71200255 |  |  |

---

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.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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 Advisor Series VII

- **b. Investment Company Act file number:** 811-03010

- **c. CIK number of Registrant:** 0000315700

- **d. LEI of Registrant:** PM3JTBFBEM0RCCY2GO89

- **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 Advisor Semiconductors Fund

- **b. EDGAR series identifier (if any):** S000005327

- **c. LEI of Series:** DE7RCQGB6LBJ7TUJ4R42

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2464823140.66

**Total Liabilities:** $42390195.72

**Net Assets:** $2422432944.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014552 | -8.07%               | -12.47%              | -0.13%               |
| Class ID C000014549 | -10.20%              | -12.45%              | -0.10%               |
| Class ID C000205004 | -4.69%               | -12.42%              | -0.07%               |
| Class ID C000014551 | -5.74%               | -12.51%              | -0.15%               |
| Class ID C000014553 | -4.71%               | -12.43%              | -0.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-22639.55               | $-138162119.28                             |
| Month 2  | $-4745008.41             | $-348122187.57                             |
| Month 3  | $-11259480.53            | $7386827.60                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COHERENT CORP                           | COHERENT CORP                                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     93301 | NS      | $6001120.32   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADYNE INC                            | TERADYNE INC                                         | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    326400 | NS      | $24222144.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TENSTORRENT HOLDINGS INC                | TENSTORRENT HOLDINGS INC SER D-1 PC PP               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     21358 | NS      | $1472634.10   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SIMA TECHNOLOGIES INC                   | SIMA TECHNOLOGIES INC SER B PC PP                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     30638 | NS      | $166977.10    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC              | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    386192 | NS      | $40067420.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA LTD                                | NOVA MEASURING INSTRUMENTS LTD                       | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Long             | EC               | CORP              | IL        |    266432 | NS      | $52276622.72  | 2.16%             |  |  |  | No            |                  1 | On Loan: —       |
| LYTE AI INC                             | LYTE AI INC SER B PC PP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     34117 | NS      | $378357.53    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ASML HOLDING NV                         | ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHARES | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     73877 | NS      | $49355746.16  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                       | LAM RESEARCH CORP                                    | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   1799460 | NS      | $128967298.20 | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMA TECHNOLOGIES INC                   | SIMA TECHNOLOGIES INC SER B-1 PC PP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     18145 | NS      | $119575.55    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LIGHTMATTER INC                         | LIGHTMATTER INC SERIES D PC PP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     23200 | NS      | $1728864.00   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TAALAS INC                              | TAALAS INC SER B PC PP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | CA        |     21300 | NS      | $1083318.00   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ON SEMICONDUCTOR CORP                   | ON SEMICONDUCTOR CORP                                | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |   3002057 | NS      | $119181662.90 | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIF SEMICONDUCTOR                      | ALIF SEMICONDUCTOR SER C PP                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     48363 | NS      | $1224067.53   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IMPINJ INC                              | IMPINJ INC                                           | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |    198259 | NS      | $18265601.67  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLFSPEED INC                           | WOLFSPEED INC                                        | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |     54700 | NS      | $194185.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| NXP SEMICONDUCTORS NV                   | NXP SEMICONDUCTORS NV                                | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |    879175 | NS      | $162040744.25 | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMA TECHNOLOGIES INC                   | SIMA TECHNOLOGIES INC CONV 10% 12/31/2027 P/P        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     48852 | PA      | $49159.77     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WESTERN DIGITAL CORP                    | WESTERN DIGITAL CORP                                 | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |   1360489 | NS      | $59671047.54  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TENSTORRENT HOLDINGS INC                | TENSTORRENT HOLDINGS INC SER D-2 PC PP               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      1019 | NS      | $67417.04     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS INC            | MONOLITHIC POWER SYS INC                             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    245585 | NS      | $145656463.50 | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTERA LABS INC                         | ASTERA LABS INC                                      | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    451080 | NS      | $29460034.80  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHTMATTER INC                         | LIGHTMATTER INC SER C-2 PC PP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      5113 | NS      | $305297.23    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DANGER DEVICES INC                      | DANGER DEVICES INC SER B PC PP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   1157700 | NS      | $1041930.00   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FRORE SYSTEMS INC                       | FRORE SYSTEMS INC SER C PC PP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    143630 | NS      | $2052472.70   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TENSTORRENT HOLDINGS INC                | TENSTORRENT HOLDINGS INC SER C-1 PC PP               | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      1740 | NS      | $112177.80    | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SYNAPTICS INC                           | SYNAPTICS INC                                        | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |    234721 | NS      | $13064570.86  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MENLO MICRO INC                         | MENLO MICROSYSTEMS INC SER C PC PP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     79800 | NS      | $34314.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MARVELL TECHNOLOGY INC                  | MARVELL TECHNOLOGY INC                               | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2356803 | NS      | $137566591.11 | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGRO MICROSYSTEMS INC                | ALLEGRO MICROSYSTEMS INC                             | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |   1690329 | NS      | $32234574.03  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHTMATTER INC                         | LIGHTMATTER INC SER C-1 PC PP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     32553 | NS      | $1896212.25   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KIOXIA HOLDINGS CORPORATION             | KIOXIA HOLDINGS CORPORATION                          | CUSIP: N/A<br>LEI: 35380080RTKRARNH4R73       | Long             | EC               | CORP              | JP        |    712600 | NS      | $9245160.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| LATTICE SEMICONDUCTOR CORP              | LATTICE SEMICONDUCTOR CORP                           | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    102528 | NS      | $5016695.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AEVA TECHNOLOGIES INC                   | AEVA TECHNOLOGIES INC                                | CUSIP: 00835Q202<br>LEI: 529900EOW3TB2FR95A21 | Long             | EC               | CORP              | US        |     23620 | NS      | $167938.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| AKEANA                                  | AKEANA SER C PC PP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     11132 | NS      | $131357.60    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SILICON MOTION TECH CORP                | SILICON MOTION TECH CORP ADR                         | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |    418000 | NS      | $20691000.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                            | BROADCOM INC                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   1430050 | NS      | $275241723.50 | 11.36%            |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES INC                     | GLOBALFOUNDRIES INC                                  | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | KY        |   2995383 | NS      | $105048081.81 | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust            | Fidelity Cash Central Fund                           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  26559684 | NS      | $26564996.13  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD         | TAIWAN SEMIC MFG CO LTD SP ADR                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1106129 | NS      | $184380643.01 | 7.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIF SEMICONDUCTOR                      | ALIF SEMICONDUCTOR SER D PP                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     48000 | NS      | $1297920.00   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SANDISK CORP                            | SANDISK CORPORATION                                  | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    286196 | NS      | $9189753.56   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMOND FOUNDRY INC                     | DIAMOND FOUNDRY INC SER C PC PP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     18335 | NS      | $397502.80    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ELEMENT LABS LTD                        | ELEMENT LABS LTD SER A PC PP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | IL        |    199700 | NS      | $680977.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CELESTIAL AI INC                        | CELESTIAL AI INC SER A PC PP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     24922 | NS      | $382801.92    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RETYM INC                               | RETYM INC SER D PC PP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     13663 | NS      | $126246.12    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| RETYM INC                               | RETYM INC SER C PC PP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     55074 | NS      | $477491.58    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MICRON TECHNOLOGY INC                   | MICRON TECHNOLOGY INC                                | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   1550801 | NS      | $119334136.95 | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTIAL AI INC                        | CELESTIAL AI INC P/P                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3908 | NS      | $60026.88     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fidelity Revere Street Trust            | Fidelity Securities Lending Cash Central Fund        | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  40679050 | NS      | $40683117.54  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                             | NVIDIA CORP                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   5820136 | NS      | $633929213.12 | 26.17%            |  |  |  | No            |                  1 | On Loan: No      |
| CELESTIAL AI INC                        | CELESTIAL AI INC SER C-1 PC PP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     75119 | NS      | $1153827.84   | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CELESTIAL AI INC                        | CELESTIAL AI INC SER B PC PP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     18753 | NS      | $288046.08    | 0.01%             |  |  |  | Yes           |                  3 | 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