# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-002114
**Filing Date:** 2025-11
**Character Count:** 81882
**Document Hash:** f7cfb6465a6f9153a8048d4d61a574a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002114.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000035402-25-002114

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**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:** 251519336

**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 Enhanced Emerging Markets ETF (Series ID: S000087780)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000253742 | Fidelity Enhanced Emerging Markets ETF | FEMR            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Enhanced Emerging Markets ETF**

**September 30, 2025**

EEM-NPRT1-1125

1.9916459.100 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 98.1%** | &nbsp;&nbsp;**Common Stocks - 98.1%** | &nbsp;&nbsp;**Common Stocks - 98.1%** |
|  | Shares | Value ($)<br>|
| BRAZIL - 4.1%  |  |  |
| Communication Services - 0.3% |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |
| Telefonica Brasil SA  | 17640 | 112921 |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Petroleo Brasileiro SA - Petrobras  | 9336 | 55185 |
| Financials - 3.0% |  |  |
| Banks - 2.4% |  |  |
| Banco Bradesco SA  | 66360 | 220566 |
| Banco Bradesco SA  | 38040 | 108854 |
| Itau Unibanco Holding SA  | 54444 | 399667 |
| NU Holdings Ltd/Cayman Islands Class A (b) | 7766 | 124334 |
|  |  | 853421 |
| Insurance - 0.6% |  |  |
| Porto Seguro SA  | 23520 | 220341 |
| TOTAL FINANCIALS |  | 1073762 |
| Industrials - 0.7% |  |  |
| Aerospace & Defense - 0.7% |  |  |
| Embraer SA ADR  | 4383 | 264952 |
| TOTAL BRAZIL |  | 1506820 |
| CHILE - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Broadline Retail - 0.1% |  |  |
| Falabella SA  | 10464 | 62038 |
| CHINA - 32.5%  |  |  |
| Communication Services - 9.0% |  |  |
| Entertainment - 2.4% |  |  |
| Kingsoft Corp Ltd  | 56448 | 251123 |
| Netease Inc  | 15624 | 475429 |
| Tencent Music Entertainment Group Class A ADR  | 6988 | 163100 |
|  |  | 889652 |
| Interactive Media & Services - 6.0% |  |  |
| Bilibili Inc ADR (b) | 3618 | 101630 |
| Tencent Holdings Ltd  | 24720 | 2106074 |
|  |  | 2207704 |
| Wireless Telecommunication Services - 0.6% |  |  |
| China United Network Communications Ltd A Shares (China)  | 299400 | 231293 |
| TOTAL COMMUNICATION SERVICES |  | 3328649 |
| Consumer Discretionary - 7.9% |  |  |
| Automobile Components - 0.7% |  |  |
| Huayu Automotive Systems Co Ltd A Shares (China)  | 88000 | 253387 |
| Automobiles - 1.6% |  |  |
| Geely Automobile Holdings Ltd  | 114120 | 286695 |
| Seres Group Co Ltd A Shares (China)  | 12500 | 301230 |
|  |  | 587925 |
| Broadline Retail - 3.8% |  |  |
| Alibaba Group Holding Ltd  | 49896 | 1134883 |
| JD.com Inc A Shares  | 11472 | 204174 |
| PDD Holdings Inc Class A ADR (b) | 554 | 73222 |
|  |  | 1412279 |
| Hotels, Restaurants & Leisure - 1.0% |  |  |
| Meituan B Shares (b)(c)(d) | 4032 | 54143 |
| Trip.com Group Ltd  | 3904 | 298998 |
|  |  | 353141 |
| Specialty Retail - 0.8% |  |  |
| Pop Mart International Group Ltd (c)(d) | 9072 | 311029 |
| TOTAL CONSUMER DISCRETIONARY |  | 2917761 |
| Energy - 1.0% |  |  |
| Energy Equipment & Services - 0.2% |  |  |
| CNOOC Energy Technology & Services Ltd A Shares (China)  | 110800 | 59761 |
| Oil, Gas & Consumable Fuels - 0.8% |  |  |
| PetroChina Co Ltd H Shares  | 336672 | 306303 |
| TOTAL ENERGY |  | 366064 |
| Financials - 5.0% |  |  |
| Banks - 2.0% |  |  |
| Bank of Beijing Co Ltd A Shares (China)  | 235600 | 182337 |
| Bank of Jiangsu Co Ltd A Shares (China)  | 139400 | 196386 |
| China Construction Bank Corp H Shares  | 158004 | 151873 |
| Industrial Bank Co Ltd A Shares (China)  | 2500 | 6970 |
| Ping An Bank Co Ltd A Shares (China)  | 129000 | 205471 |
|  |  | 743037 |
| Consumer Finance - 0.4% |  |  |
| Qfin Holdings Inc Class A ADR  | 5617 | 161657 |
| Insurance - 2.6% |  |  |
| China Life Insurance Co Ltd A Shares (China)  | 23200 | 129172 |
| China Life Insurance Co Ltd H Shares  | 57960 | 164601 |
| People's Insurance Co Group of China Ltd/The A Shares (China)  | 36700 | 40156 |
| People's Insurance Co Group of China Ltd/The H Shares  | 269640 | 235963 |
| Ping An Insurance Group Co of China Ltd A Shares (China)  | 49400 | 382389 |
|  |  | 952281 |
| TOTAL FINANCIALS |  | 1856975 |
| Health Care - 4.0% |  |  |
| Biotechnology - 1.8% |  |  |
| BeOne Medicines Ltd H Shares (b) | 13080 | 344903 |
| Innovent Biologics Inc (b)(c)(d) | 24720 | 306222 |
|  |  | 651125 |
| Life Sciences Tools & Services - 0.9% |  |  |
| Wuxi Apptec Co Ltd A Shares (China)  | 22000 | 346182 |
| Pharmaceuticals - 1.3% |  |  |
| China Resources Pharmaceutical Group Ltd (c)(d) | 338040 | 208941 |
| Jiangsu Hengrui Pharmaceuticals Co Ltd A Shares (China)  | 25400 | 255265 |
|  |  | 464206 |
| TOTAL HEALTH CARE |  | 1461513 |
| Industrials - 2.3% |  |  |
| Aerospace & Defense - 0.5% |  |  |
| AVICOPTER PLC A Shares (China)  | 33800 | 172049 |
| Air Freight & Logistics - 0.5% |  |  |
| JD Logistics Inc (b)(c)(d) | 107100 | 180290 |
| Electrical Equipment - 0.6% |  |  |
| Shanghai Electric Group Co Ltd A Shares (China) (b) | 179000 | 237341 |
| Industrial Conglomerates - 0.7% |  |  |
| Fosun International Ltd  | 369180 | 261398 |
| TOTAL INDUSTRIALS |  | 851078 |
| Information Technology - 2.3% |  |  |
| Electronic Equipment, Instruments & Components - 0.6% |  |  |
| BOE Technology Group Co Ltd A Shares (China)  | 362700 | 211928 |
| Technology Hardware, Storage & Peripherals - 1.7% |  |  |
| Xiaomi Corp B Shares (b)(c)(d) | 90720 | 629518 |
| TOTAL INFORMATION TECHNOLOGY |  | 841446 |
| Materials - 1.0% |  |  |
| Metals & Mining - 1.0% |  |  |
| China Hongqiao Group Ltd  | 41580 | 141165 |
| Shandong Nanshan Aluminum Co Ltd A Shares (China)  | 415700 | 231219 |
|  |  | 372384 |
| TOTAL CHINA |  | 11995870 |
| GREECE - 0.6%  |  |  |
| Consumer Discretionary - 0.3% |  |  |
| Specialty Retail - 0.3% |  |  |
| JUMBO SA  | 2971 | 101922 |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Eurobank Ergasias Services and Holdings SA  | 30498 | 117516 |
| TOTAL GREECE |  | 219438 |
| HONG KONG - 0.5%  |  |  |
| Health Care - 0.5% |  |  |
| Pharmaceuticals - 0.5% |  |  |
| Sino Biopharmaceutical Ltd  | 164400 | 171964 |
| HUNGARY - 1.2%  |  |  |
| Energy - 0.4% |  |  |
| Oil, Gas & Consumable Fuels - 0.4% |  |  |
| MOL Hungarian Oil & Gas PLC Class A  | 17528 | 142363 |
| Financials - 0.8% |  |  |
| Banks - 0.8% |  |  |
| OTP Bank Nyrt  | 3453 | 298228 |
| TOTAL HUNGARY |  | 440591 |
| INDIA - 12.5%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Specialty Retail - 0.1% |  |  |
| FSN E-Commerce Ventures Ltd (b) | 16048 | 41976 |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Page Industries Ltd  | 54 | 24729 |
| TOTAL CONSUMER DISCRETIONARY |  | 66705 |
| Energy - 2.7% |  |  |
| Oil, Gas & Consumable Fuels - 2.7% |  |  |
| Bharat Petroleum Corp Ltd  | 5619 | 21482 |
| Hindustan Petroleum Corp Ltd  | 48974 | 244423 |
| Indian Oil Corp Ltd  | 110281 | 185937 |
| Reliance Industries Ltd  | 34326 | 527011 |
|  |  | 978853 |
| Financials - 5.2% |  |  |
| Banks - 4.5% |  |  |
| Axis Bank Ltd  | 11248 | 143268 |
| Canara Bank  | 156064 | 217315 |
| HDFC Bank Ltd/Gandhinagar  | 2620 | 28046 |
| HDFC Bank Ltd/Gandhinagar ADR  | 18438 | 629842 |
| ICICI Bank Ltd  | 1335 | 20256 |
| ICICI Bank Ltd ADR  | 16215 | 490179 |
| Punjab National Bank  | 67348 | 85532 |
| State Bank of India  | 5586 | 54856 |
|  |  | 1669294 |
| Consumer Finance - 0.7% |  |  |
| Muthoot Finance Ltd  | 7502 | 259837 |
| TOTAL FINANCIALS |  | 1929131 |
| Industrials - 1.4% |  |  |
| Aerospace & Defense - 0.7% |  |  |
| Hindustan Aeronautics Ltd (d) | 5131 | 274130 |
| Transportation Infrastructure - 0.7% |  |  |
| Adani Ports & Special Economic Zone Ltd  | 15687 | 247819 |
| TOTAL INDUSTRIALS |  | 521949 |
| Information Technology - 0.8% |  |  |
| IT Services - 0.8% |  |  |
| Infosys Ltd ADR  | 17612 | 286547 |
| Materials - 1.4% |  |  |
| Chemicals - 0.2% |  |  |
| UPL Ltd  | 13500 | 99652 |
| Metals & Mining - 1.2% |  |  |
| Hindalco Industries Ltd  | 21000 | 180105 |
| Vedanta Ltd  | 48748 | 255587 |
|  |  | 435692 |
| TOTAL MATERIALS |  | 535344 |
| Utilities - 0.8% |  |  |
| Independent Power and Renewable Electricity Producers - 0.8% |  |  |
| NTPC Ltd  | 74010 | 283613 |
| TOTAL INDIA |  | 4602142 |
| KOREA (SOUTH) - 13.2%  |  |  |
| Communication Services - 0.4% |  |  |
| Interactive Media & Services - 0.4% |  |  |
| NAVER Corp  | 830 | 158680 |
| Wireless Telecommunication Services - 0.0% |  |  |
| SK Telecom Co Ltd  | 13 | 503 |
| TOTAL COMMUNICATION SERVICES |  | 159183 |
| Consumer Discretionary - 1.2% |  |  |
| Automobile Components - 1.2% |  |  |
| Hankook Tire & Technology Co Ltd  | 6316 | 172468 |
| Hyundai Mobis Co Ltd  | 1237 | 262914 |
|  |  | 435382 |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| HD Hyundai Co Ltd  | 2425 | 268326 |
| Financials - 2.2% |  |  |
| Capital Markets - 1.4% |  |  |
| Korea Investment Holdings Co Ltd  | 1107 | 114291 |
| Mirae Asset Securities Co Ltd  | 12737 | 193627 |
| NH Investment & Securities Co Ltd  | 13284 | 183687 |
|  |  | 491605 |
| Insurance - 0.8% |  |  |
| DB Insurance Co Ltd  | 88 | 8678 |
| Samsung Life Insurance Co Ltd  | 2688 | 299724 |
|  |  | 308402 |
| TOTAL FINANCIALS |  | 800007 |
| Health Care - 0.7% |  |  |
| Life Sciences Tools & Services - 0.7% |  |  |
| Samsung Biologics Co Ltd (b)(c)(d) | 367 | 260532 |
| Industrials - 0.8% |  |  |
| Machinery - 0.8% |  |  |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd  | 966 | 282695 |
| Information Technology - 6.4% |  |  |
| Electronic Equipment, Instruments & Components - 0.8% |  |  |
| LG Display Co Ltd (b) | 29883 | 306611 |
| Semiconductors & Semiconductor Equipment - 2.2% |  |  |
| SK Hynix Inc  | 3241 | 801925 |
| Technology Hardware, Storage & Peripherals - 3.4% |  |  |
| Samsung Electronics Co Ltd  | 21168 | 1264567 |
| TOTAL INFORMATION TECHNOLOGY |  | 2373103 |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Korea Zinc Co Ltd  | 75 | 49183 |
| Utilities - 0.7% |  |  |
| Electric Utilities - 0.7% |  |  |
| Korea Electric Power Corp  | 9456 | 242724 |
| TOTAL KOREA (SOUTH) |  | 4871135 |
| MALAYSIA - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| AMMB Holdings Bhd  | 23100 | 31012 |
| Malayan Banking Bhd  | 87000 | 204864 |
| TOTAL MALAYSIA |  | 235876 |
| MEXICO - 1.1%  |  |  |
| Materials - 1.1% |  |  |
| Metals & Mining - 1.1% |  |  |
| Industrias Penoles SAB de CV (b) | 9072 | 405462 |
| PHILIPPINES - 0.6%  |  |  |
| Industrials - 0.6% |  |  |
| Transportation Infrastructure - 0.6% |  |  |
| International Container Terminal Services Inc  | 25490 | 206110 |
| POLAND - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Insurance - 0.6% |  |  |
| Powszechny Zaklad Ubezpieczen SA  | 15170 | 226883 |
| SAUDI ARABIA - 2.6%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Specialty Retail - 0.0% |  |  |
| Jarir Marketing Co  | 3112 | 11576 |
| Energy - 1.0% |  |  |
| Oil, Gas & Consumable Fuels - 1.0% |  |  |
| Saudi Arabian Oil Co (c)(d) | 55201 | 362394 |
| Financials - 1.6% |  |  |
| Banks - 1.6% |  |  |
| Al Rajhi Bank  | 15760 | 450502 |
| Saudi Awwal Bank  | 1635 | 13986 |
| Saudi National Bank/The  | 12216 | 127626 |
|  |  | 592114 |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| Saudi Arabian Mining Co (b) | 26 | 443 |
| TOTAL SAUDI ARABIA |  | 966527 |
| SOUTH AFRICA - 3.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Specialty Retail - 0.1% |  |  |
| Pepkor Holdings Ltd (c)(d) | 28096 | 39549 |
| Financials - 0.6% |  |  |
| Banks - 0.3% |  |  |
| Absa Group Ltd  | 10801 | 113257 |
| Insurance - 0.3% |  |  |
| Sanlam Ltd  | 20004 | 96823 |
| TOTAL FINANCIALS |  | 210080 |
| Materials - 2.4% |  |  |
| Chemicals - 0.3% |  |  |
| Sasol Ltd (b) | 21840 | 135896 |
| Metals & Mining - 2.1% |  |  |
| Gold Fields Ltd ADR  | 10732 | 450316 |
| Harmony Gold Mining Co Ltd  | 16836 | 306947 |
|  |  | 757263 |
| TOTAL MATERIALS |  | 893159 |
| TOTAL SOUTH AFRICA |  | 1142788 |
| TAIWAN - 20.5%  |  |  |
| Communication Services - 0.8% |  |  |
| Diversified Telecommunication Services - 0.8% |  |  |
| Chunghwa Telecom Co Ltd  | 65520 | 287085 |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Pou Chen Corp  | 70560 | 66813 |
| Consumer Staples - 0.4% |  |  |
| Food Products - 0.4% |  |  |
| Uni-President Enterprises Corp  | 50400 | 129689 |
| Financials - 1.0% |  |  |
| Banks - 0.9% |  |  |
| CTBC Financial Holding Co Ltd  | 189000 | 266119 |
| E.Sun Financial Holding Co Ltd  | 48000 | 52540 |
|  |  | 318659 |
| Insurance - 0.1% |  |  |
| Fubon Financial Holding Co Ltd  | 23336 | 67631 |
| TOTAL FINANCIALS |  | 386290 |
| Health Care - 0.0% |  |  |
| Biotechnology - 0.0% |  |  |
| PharmaEssentia Corp  | 2661 | 44979 |
| Industrials - 0.0% |  |  |
| Passenger Airlines - 0.0% |  |  |
| China Airlines Ltd  | 10080 | 6898 |
| Information Technology - 18.1% |  |  |
| Communications Equipment - 0.8% |  |  |
| Accton Technology Corp  | 8880 | 304569 |
| Electronic Equipment, Instruments & Components - 4.4% |  |  |
| AUO Corp  | 569520 | 255151 |
| Delta Electronics Inc  | 19080 | 534801 |
| Hon Hai Precision Industry Co Ltd  | 82320 | 583600 |
| Zhen Ding Technology Holding Ltd  | 43200 | 235368 |
|  |  | 1608920 |
| Semiconductors & Semiconductor Equipment - 12.5% |  |  |
| MediaTek Inc  | 10080 | 435053 |
| Realtek Semiconductor Corp  | 15120 | 272942 |
| Taiwan Semiconductor Manufacturing Co Ltd  | 90720 | 3885704 |
| United Microelectronics Corp  | 17640 | 26372 |
|  |  | 4620071 |
| Technology Hardware, Storage & Peripherals - 0.4% |  |  |
| Asustek Computer Inc  | 240 | 5286 |
| Compal Electronics Inc  | 120960 | 128630 |
|  |  | 133916 |
| TOTAL INFORMATION TECHNOLOGY |  | 6667476 |
| TOTAL TAIWAN |  | 7589230 |
| THAILAND - 1.4%  |  |  |
| Communication Services - 0.6% |  |  |
| Wireless Telecommunication Services - 0.6% |  |  |
| Advanced Info Service PCL depository receipt  | 26500 | 237679 |
| Consumer Staples - 0.6% |  |  |
| Food Products - 0.6% |  |  |
| Charoen Pokphand Foods PCL depository receipt  | 339800 | 233550 |
| Energy - 0.2% |  |  |
| Oil, Gas & Consumable Fuels - 0.2% |  |  |
| PTT PCL depository receipt  | 57900 | 59337 |
| TOTAL THAILAND |  | 530566 |
| TURKEY - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Turkiye Is Bankasi AS Class C  | 296103 | 100773 |
| UNITED ARAB EMIRATES - 1.9%  |  |  |
| Consumer Discretionary - 0.3% |  |  |
| Specialty Retail - 0.3% |  |  |
| Abu Dhabi National Oil Co for Distribution PJSC  | 117532 | 121594 |
| Real Estate - 1.6% |  |  |
| Real Estate Management & Development - 1.6% |  |  |
| Aldar Properties PJSC  | 103026 | 265906 |
| Emaar Properties PJSC  | 85374 | 303326 |
|  |  | 569232 |
| TOTAL UNITED ARAB EMIRATES |  | 690826 |
| UNITED STATES - 0.7%  |  |  |
| Consumer Staples - 0.7% |  |  |
| Food Products - 0.7% |  |  |
| JBS NV Class A  | 17420 | 260081 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $32,473,540) |  | <br> **36225120** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.5%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.5%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.5%** |
|  | Shares | Value ($)<br>|
| KOREA (SOUTH) - 0.5%  |  |  |
| Information Technology - 0.5% |  |  |
| Technology Hardware, Storage & Peripherals - 0.5% |  |  |
| Samsung Electronics Co Ltd <br>(Cost $175,506)<br>| 4181 | **197673** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** |
|  | Yield (%) (e) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 10/9/2025 (f) | 4.30 | 10000 | 9991 |
| US Treasury Bills 0% 11/13/2025 (f) | 4.17 | 20000 | 19904 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $29,892) |  |  | **29895** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.9%** | &nbsp;&nbsp;**Money Market Funds - 0.9%** | &nbsp;&nbsp;**Money Market Funds - 0.9%** | &nbsp;&nbsp;**Money Market Funds - 0.9%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g)<br>(Cost $337,611)<br>| 4.21 | 337544 | **337611** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.6%**<br> (Cost $33,016,549)<br>| <br>**36790299** |
| **NET OTHER ASSETS (LIABILITIES) - 0.4%**  | **146954** |
| **NET ASSETS - 100.0%** | **36937253** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Contracts |  |  |  |  |  |
| ICE MSCI Emerging Markets Index Contracts (United States) | 9 | 12/19/2025 | 611865 | 3654 | 3654 |
| The notional amount of futures purchased as a percentage of Net Assets is 1.7% | The notional amount of futures purchased as a percentage of Net Assets is 1.7% | The notional amount of futures purchased as a percentage of Net Assets is 1.7% | The notional amount of futures purchased as a percentage of Net Assets is 1.7% | The notional amount of futures purchased as a percentage of Net Assets is 1.7% | The notional amount of futures purchased as a percentage of Net Assets is 1.7% |

---

**Legend**

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

(b) Non-income producing.

(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 $2,352,618 or 6.4% of net assets.

(d) Security 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 $2,626,748 or 7.1% of net assets.

(e) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $29,895.

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 70825 | 12069883 | 11803232 | 5443 | 135 | - | 337611 | 337544 | 0.0% |
| Total | 70825 | 12069883 | 11803232 | 5443 | 135 | - | 337611 |  |  |

---

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

**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. U.S. Treasury Obligations 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.

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Enhanced Emerging Markets ETF

- **b. EDGAR series identifier (if any):** S000087780

- **c. LEI of Series:** 2549006V4CAL995KV315

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $33866769.20

**Total Liabilities:** $10048.29

**Net Assets:** $33856720.91

**Cash Not Reported:** $18289.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253742 | 1.12%                | 2.08%                | 6.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $212724.61               | $-169753.75                                |
| Month 2  | $-161886.31              | $608382.81                                 |
| Month 3  | $27.71                   | $1922501.60                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHINA CONSTRUCTION BANK CORP                          | CHINA CONSTRUCTION BANK CORP H                        | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |    144837 | NS      | $139217.13    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MALAYAN BANKING BERHAD                                | MALAYAN BANKING                                       | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     79800 | NS      | $187909.71    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVENT BIOLGICS INC                                 | INNOVENT BIOLOGICS INC                                | CUSIP: N/A<br>LEI: 25490058ONL9SCIE1R22       | Long             | EC               | CORP              | KY        |     22660 | NS      | $280703.94    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BOE TECHNOLOGY GROUP CO LTD                           | BOE TECHNOLOGY GROUP CO LTD A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    332500 | NS      | $194281.94    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEFONICA BRASIL SA                                  | TELEFONICA BRASIL SA                                  | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |     16170 | NS      | $103511.09    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                            | SAMSUNG ELECTRONICS CO LTD                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     19404 | NS      | $1159186.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SERES GROUP CO LTD                                    | SERES GROUP CO LTD A                                  | CUSIP: N/A<br>LEI: 3003002LTJSDNVNIPU58       | Long             | EC               | CORP              | CN        |     11500 | NS      | $277131.98    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AUO CORP                                              | AUO CORP                                              | CUSIP: N/A<br>LEI: 391200L7PIS4QXYJUQ72       | Long             | EC               | CORP              | TW        |    522060 | NS      | $233888.64    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| E.SUN FINANCIAL HOLDING CO LTD                        | E SUN FINANCIAL HOLDING CO LTD                        | CUSIP: N/A<br>LEI: 549300X6CNQE512OPC90       | Long             | EC               | CORP              | TW        |     44000 | NS      | $48162.01     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG LIFE INSURANCE CO LTD                         | SAMSUNG LIFE INSURANCE CO LTD                         | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |      2464 | NS      | $274746.62    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ABSA GROUP LTD                                        | ABSA GROUP LTD                                        | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |      9901 | NS      | $103820.04    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PHARMAESSENTIA CORP                                   | PHARMAESSENTIA CORP                                   | CUSIP: N/A<br>LEI: 54930001GNQLDIFASK68       | Long             | EC               | CORP              | TW        |      2440 | NS      | $41243.27     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC LTD                                              | NTPC LTD                                              | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |     67843 | NS      | $259980.07    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| JD LOGISTICS INC                                      | JD LOGISTICS INC                                      | CUSIP: N/A<br>LEI: 655600LWTFVMV3E2A890       | Long             | EC               | CORP              | KY        |     98175 | NS      | $165266.10    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY GOLD MINING CO LTD                            | HARMONY GOLD MINING CO LTD                            | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     15433 | NS      | $281368.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA UNITED NETWORK COMMUNICATIONS LIMITED           | CHINA UNITED NTWK COMMUN LTD A                        | CUSIP: N/A<br>LEI: 300300UTFDNZL9GJRR78       | Long             | EC               | CORP              | CN        |    274500 | NS      | $212056.94    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS BANK LTD                                         | AXIS BK LTD                                           | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |     10311 | NS      | $131333.46    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| POP MART INTERNATIONAL GROUP LTD                      | POP MART INTERNATIONAL GROUP LTD                      | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |      8316 | NS      | $285109.62    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BEONE MEDICINES LTD                                   | BEONE MEDICINES LTD                                   | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | CH        |     11990 | NS      | $316160.86    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| JIANGSU HENGRUI PHARMACEUTICALS CO LTD                | JIANGSU HENGRUI PHARMACEUTICALS CO LTD-A              | CUSIP: N/A<br>LEI: 2549003BT1XS3SE3E448       | Long             | EC               | CORP              | CN        |     23300 | NS      | $234160.16    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PEOPLES INSURANCE CO GRP OF CHINA                     | PICC HOLDING CO-A                                     | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |     33700 | NS      | $36873.54     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CANARA BANK                                           | CANARA BANK                                           | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    143059 | NS      | $199205.66    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT PUBLIC CO LTD                                     | PTT PCL NVDR                                          | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |     53100 | NS      | $54417.48     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                          | MEDIA TEK INC                                         | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      9240 | NS      | $398798.74    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SAUDI NATIONAL BANK                               | THE SAUDI NATIONAL BANK                               | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |     11198 | NS      | $116990.46    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO LTD                           | CHINA LIFE INS CO LTD H                               | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     53130 | NS      | $150884.16    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER S A                                           | EMBRAER S A SPON ADR                                  | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      4018 | NS      | $242888.10    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN PETROLEUM CORP LTD                          | HINDUSTAN PETRO CORP (DEMAT) DEMATERIALIZED SHS       | CUSIP: N/A<br>LEI: 335800DWLXIP7HFFY564       | Long             | EC               | CORP              | IN        |     44893 | NS      | $224055.70    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS INC                                 | DELTA ELECTRONICS IND CO LTD                          | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     17490 | NS      | $490234.34    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOBIS CO LTD                                  | HYUNDAI MOBIS                                         | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      1134 | NS      | $241022.34    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA ZINC CO LTD                                     | KOREA ZINC CO LTD                                     | CUSIP: N/A<br>LEI: 988400D0HSQUB1I1VO41       | Long             | EC               | CORP              | KR        |        69 | NS      | $45248.96     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FALABELLA SA                                          | FALABELLA SA                                          | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |     10464 | NS      | $62037.59     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIAN OIL CORP LTD                                   | INDIAN OIL CORP LTD (DEMAT)                           | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |    101091 | NS      | $170442.14    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HOLDING SA                              | ITAU UNIBANCO HOLDING SA                              | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |     49907 | NS      | $366361.31    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE IS BANK AS                                    | TURKIYE IS BANKASI AS C                               | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |    271428 | NS      | $92375.19     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISLANDS                        | NU HOLDINGS LTD/CAYMAN ISLANDS                        | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |      7119 | NS      | $113975.19    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UNI-PRESIDENT ENTERPRISES CORP                        | UNI-PRESIDENT ENTERPRISES CORP                        | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |     46200 | NS      | $118881.45    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HUAYU AUTOMOTIVE SYSTEMS CO LTD                       | HUAYU AUTOMOTIVE SYS CO LTD A                         | CUSIP: N/A<br>LEI: 3003001J2BNVV78BOT83       | Long             | EC               | CORP              | CN        |     80700 | NS      | $232367.21    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LG DISPLAY CO LTD                                     | LG DISPLAY CO LTD                                     | CUSIP: N/A<br>LEI: 988400P37K91W0SABO95       | Long             | EC               | CORP              | KR        |     27393 | NS      | $281062.87    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SASOL LTD                                             | SASOL LTD                                             | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     20020 | NS      | $124571.46    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                              | JUMBO SA                                              | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |      2724 | NS      | $93448.84     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROBANK ERGASIAS SERVICES AND HOLDINGS SA            | EUROBANK ERGASIAS SERVICES AND HOLDINGS SA            | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |     30498 | NS      | $117515.88    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTEK SEMICONDUCTOR CORP                            | REALTEK SEMICONDUCTOR CORP                            | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     13860 | NS      | $250196.93    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| QFIN HOLDINGS INC                                     | QFIN HOLDINGS INC ADR                                 | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | KY        |      5149 | NS      | $148188.22    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FOSUN INTERNATIONAL LTD                               | FOSUN INTERNATIONAL                                   | CUSIP: N/A<br>LEI: 213800Z99WQEXDF82F09       | Long             | EC               | CORP              | HK        |    338415 | NS      | $239614.32    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARAT PETROLEUM CORP LTD                             | BHARAT PETROLEUM CORP (DEMAT)                         | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |      5151 | NS      | $19692.68     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FIELDS LTD NEW                                   | GOLD FIELDS LTD SPON ADR                              | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |      9838 | NS      | $412802.48    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                             | UST BILLS 0% 10/09/2025                               | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $9990.97      | 0.03%             | 2025-10-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHAROEN POKPHAND FOODS PCL                            | CHAROEN POKPHAND FOOD PCL NVDR                        | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15       | Long             | EC               | CORP              | TH        |    311500 | NS      | $214099.24    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BILIBILI INC                                          | BILIBILI INC ADR                                      | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | KY        |      3317 | NS      | $93174.53     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| POWSZECHNY ZAKLAD UBEZPIECZE SA                       | POWSZECHNY ZALKAD UBEZPIEC SA                         | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |     13906 | NS      | $207978.80    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                         | HDFC BANK LTD SPON ADR                                | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     16902 | NS      | $577372.32    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCTON TECHNOLOGY CORP                                | ACCTON TECHNOLOGY CORP                                | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      8140 | NS      | $279188.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                      | PDD HOLDINGS INC ADR                                  | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |       508 | NS      | $67142.36     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                             | ALIBABA GROUP HOLDING LTD                             | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |     45738 | NS      | $1040308.15   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                               | RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS      | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     31466 | NS      | $483100.61    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES PHARMACEUTICAL GROUP LTD              | CHINA RESOURCES PHARMACEUTICAL GROUP LTD              | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874       | Long             | EC               | CORP              | HK        |    309870 | NS      | $191529.72    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO LTD                           | CHINA LIFE INSURANCE CO LTD A                         | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     21300 | NS      | $118593.45    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HANKOOK TIRE and TECHNOLOGY CO LTD                    | HANKOOK TIRE AND TECHNOLOGY CO L                      | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |      5790 | NS      | $158104.36    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ALDAR PROPERTIES PJSC                                 | ALDAR PROPERTIES PJSC                                 | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |     94441 | NS      | $243748.57    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI AWWAL BANK                                      | SAUDI AWWAL BANK                                      | CUSIP: N/A<br>LEI: 558600TQS0WENZUC5190       | Long             | EC               | CORP              | SA        |      1499 | NS      | $12822.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI ARABIAN MINING COMPANY                          | SAUDI ARABIAN MINING COMPANY                          | CUSIP: N/A<br>LEI: 254900R4HAVLB4GY9713       | Long             | EC               | CORP              | SA        |        24 | NS      | $409.58       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PAGE INDUSTRIES LTD                                   | PAGE INDUSTRIES LTD                                   | CUSIP: N/A<br>LEI: 335800D6UFCCKUP3KD53       | Long             | EC               | CORP              | IN        |        50 | NS      | $22897.39     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| XIAOMI CORP                                           | XIAOMI CORP B                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     83160 | NS      | $577058.45    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA ELEC POWER CORP                                 | KOREA ELECTRIC POWER CORP                             | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |      8668 | NS      | $222496.96    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CORP LTD                                     | KINGSOFT CORP LTD                                     | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               | CORP              | KY        |     51744 | NS      | $230196.45    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUNGHWA TELECOM CO LTD                               | CHUNGHWA TELECOM CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     60060 | NS      | $263161.68    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EMAAR PROPERTIES PJSC                                 | EMAAR PROPERTIES                                      | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |     78260 | NS      | $278050.39    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER CORP                                            | NAVER CORP                                            | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |       761 | NS      | $145488.56    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                    | TRIP.COM GROUP LTD                                    | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |      3579 | NS      | $274106.62    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA INVESTMENT HOLDINGS CO LTD                      | KOREA INVESTMENT HLDGS CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1015 | NS      | $104793.40    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SVCS INC             | INTL CONTAINER TERMINL SRV INC                        | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |     25490 | NS      | $206110.47    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                        | ICICI BANK LTD SPONS ADR                              | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     14864 | NS      | $449338.72    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SK TELECOM COMPANY LTD                                | SK TELECOM LTD                                        | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |        12 | NS      | $463.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN AERONAUTICS LTD                             | HINDUSTAN AERONAUTICS LIMITED                         | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |      4704 | NS      | $251317.35    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FUBON FINANCIAL HOLDING CO LTD                        | FUBON FINANCIAL HOLDING CO LTD                        | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |     21392 | NS      | $61996.64     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HD KOREA SHIPBUILDING and OFFSHORE ENGINEERING CO LTD | HD KOREA SHIPBUILDING and OFFSHORE ENGINEERING CO LTD | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |       886 | NS      | $259283.84    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED INFO SERVICE PCL                             | ADVANCED INFO SERVICE NVDR                            | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     24300 | NS      | $217947.30    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA LIMITED    | PING AN INSURANCE CO LTD A                            | CUSIP: N/A<br>LEI: 300300IP9S6FHQPKRN68       | Long             | EC               | CORP              | CN        |     45300 | NS      | $350651.80    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BRADESCO SA                                     | BRADESCO SA PREF (BANCO BRAESCO)                      | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |     60830 | NS      | $202185.67    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL LTD                                               | UPL LTD                                               | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     12375 | NS      | $91347.84     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AVICOPTER PLC                                         | AVICOPTER PLC A                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     31000 | NS      | $157796.49    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AMMB HOLDINGS BHD                                     | AMMB HOLDINGS BHD                                     | CUSIP: N/A<br>LEI: 254900R0GQB7U67SCH62       | Long             | EC               | CORP              | MY        |     21200 | NS      | $28461.45     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF JIANGSU CO LTD                                | BANK OF JIANGSU CO LTD A                              | CUSIP: N/A<br>LEI: 300300C1086832000046       | Long             | EC               | CORP              | CN        |    127800 | NS      | $180044.24    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SINO BIOPHARMACEUTICAL LTD                            | SINO BIOPHARMACEUTICAL LTD                            | CUSIP: N/A<br>LEI: 529900LPR4ADFEJAR786       | Long             | EC               | CORP              | KY        |    150700 | NS      | $157633.76    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                                     | TENCENT HOLDINGS LTD                                  | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     22660 | NS      | $1930567.53   | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                     | TENCENT MUSIC ENTERTAINMENT ADR                       | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |      6406 | NS      | $149516.04    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                                | JBS NV A                                              | CUSIP: N/A<br>LEI: 254900JSFON4WL81TW77       | Long             | EC               | CORP              | NL        |     15969 | NS      | $238417.17    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAL ELECTRONICS INC                                | COMPAL ELECTRONICS INC                                | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |    110880 | NS      | $117910.99    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MICROELECTRONICS CORP                          | UNITED MICROELECTRONICS CORP                          | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |     16170 | NS      | $24174.33     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD                              | SAMSUNG BIOLOGICS CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       337 | NS      | $239235.13    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD                       | TAIWAN SEMICONDUCTOR MFG CO LTD                       | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     83160 | NS      | $3561894.45   | 10.52%            |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BRADESCO SA                                     | BRADESCO SA                                           | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |     34870 | NS      | $99783.01     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                            | SAMSUNG ELECTRONICS CO LTD PFD                        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |      3833 | NS      | $181220.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE BANK OF INDIA                                   | STATE BANK OF INDIA (DEMAT) DEMATERIALIZED SHS        | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |      5121 | NS      | $50289.46     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DB INSURANCE CO LTD                                   | DB INSURANCE CO LTD                                   | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |        81 | NS      | $7987.94      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NH INVESTMENT and SECURITIES CO LTD                   | NH INVESTMENT and SECURITIES CO LTD                   | CUSIP: N/A<br>LEI: 549300LQ6NXDW1B8NT42       | Long             | EC               | CORP              | KR        |     12177 | NS      | $168379.58    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MUTHOOT FINANCE LTD                                   | MUTHOOT FINANCE LTD                                   | CUSIP: N/A<br>LEI: 335800HAMJMBFL4RRF02       | Long             | EC               | CORP              | IN        |      6877 | NS      | $238189.33    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                          | Fidelity Cash Central Fund                            | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    337544 | NS      | $337611.06    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PEOPLES INSURANCE CO GRP OF CHINA                     | PEOPLES INSURANCE CO GRP OF CHINA LTD H               | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    247170 | NS      | $216298.96    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| VEDANTA LTD                                           | VEDANTA LTD                                           | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |     44686 | NS      | $234289.40    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA HONGQIAO GROUP LTD                              | CHINA HONGQIAO GROUP LTD                              | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |     38115 | NS      | $129401.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANGHAI ELECTRIC GROUP COMPANY LIMITED               | SHANGHAI ELECTRIC GRP CO LTD A                        | CUSIP: N/A<br>LEI: 529900WHVV4GODE91T37       | Long             | EC               | CORP              | CN        |    164100 | NS      | $217584.54    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                            | JD.COM INC CL A                                       | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     10516 | NS      | $187159.52    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                         | HDFC BANK LTD (DEMAT)                                 | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |      2402 | NS      | $25711.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL HUNGARIAN OIL AND GAS PLC                         | MOL HUNGARIAN OIL and GAS PLC                         | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     16068 | NS      | $130504.57    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROCHINA CO LTD                                     | PETROCHINA CO LTD H                                   | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    308616 | NS      | $280778.12    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| POU CHEN CORP                                         | POU CHEN CORP                                         | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |     64680 | NS      | $61245.18     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPKOR HOLDINGS LTD                                   | PEPKOR HOLDINGS LTD                                   | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |     25755 | NS      | $36253.85     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HD HYUNDAI CO LTD                                     | HYUNDAI ROBOTICS CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2223 | NS      | $245974.67    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FSN E-COMMERCE VENTURES LTD                           | FSN E-COMMERCE VENTURES LTD                           | CUSIP: N/A<br>LEI: 335800X5BJYC18NHDQ91       | Long             | EC               | CORP              | IN        |     14711 | NS      | $38478.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP BANK PLC                                          | OTP BANK (REG)                                        | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      3166 | NS      | $273440.85    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRAE ASSET SECURITIES CO LTD                         | MIRAE ASSET SECURITIES CO LTD                         | CUSIP: N/A<br>LEI: 98840072S6T63E2V1291       | Long             | EC               | CORP              | KR        |     11676 | NS      | $177497.35    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI BANK                                         | AL RAJHI BANKING and INVEST CORP                      | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |     14447 | NS      | $412969.55    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN BANK CO LTD                                   | PING AN BANK CO LTD A                                 | CUSIP: N/A<br>LEI: 549300W9MKNIVWXFM679       | Long             | EC               | CORP              | CN        |    118300 | NS      | $188427.92    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ASUSTEK COMPUTER INC                                  | ASUSTEK COMPUTER INC                                  | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |       220 | NS      | $4845.08      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL BANK CO LTD                                | INDUSTRIAL BANK CO LTD A                              | CUSIP: N/A<br>LEI: 300300C1030935001303       | Long             | EC               | CORP              | CN        |      2300 | NS      | $6412.62      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEN DING TECH HOLDING LTD                            | ZHEN DING TECHONGY HOLDING LTD                        | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |     39600 | NS      | $215754.23    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITUAN                                               | MEITUAN CL B                                          | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |      3696 | NS      | $49631.78     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF BEIJING CO LTD                                | BANK OF BEIJING CO LTD A                              | CUSIP: N/A<br>LEI: 300300C1080211000042       | Long             | EC               | CORP              | CN        |    216000 | NS      | $167167.87    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SANLAM LTD                                            | SANLAM LTD                                            | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |     18337 | NS      | $88754.48     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| INFOSYS LTD                                           | INFOSYS LTD SPON ADR                                  | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     16145 | NS      | $262679.15    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI PORTS and SPECIAL ECONOMIC ZONE LTD             | ADANI PORT and SPEC ECO ZONE LTD                      | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |     14380 | NS      | $227171.05    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| JARIR MARKETING COMPANY                               | JARIR MARKETING COMPANY                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      2853 | NS      | $10612.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                          | SK HYNIX INC                                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      2971 | NS      | $735118.52    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CNOOC ENERGY TECHNOLOGY and SERVICES LTD              | CNOOC ENERGY TECHNOLOGY and SERVICES LTD A            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    101600 | NS      | $54798.97     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ABU DHABI NATIONAL OIL CO FOR DISTRIBUTION PJSC       | ABU DHABI NATIONAL OIL CO FOR DISTRIBUTION PJSC       | CUSIP: N/A<br>LEI: 213800YI1ZIOJB3HLB11       | Long             | EC               | CORP              | AE        |    107738 | NS      | $111461.70    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                             | UST BILLS 0% 11/13/2025                               | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19904.03     | 0.06%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY                             | SAUDI ARAMCO                                          | CUSIP: N/A<br>LEI: 5586006WD91QHB7J4X50       | Long             | EC               | CORP              | SA        |     50601 | NS      | $332194.71    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEO BRASILEIRO-PETROBRAS                         | PETROBRAS PN (PFD REG)                                | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |      8558 | NS      | $50586.63     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO LTD                     | HON HAI PRECISION IND CO LTD                          | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |     75460 | NS      | $534966.52    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE INC                                           | NETEASE INC                                           | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     14322 | NS      | $435809.74    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA AIRLINES LTD                                    | CHINA AIRLINES                                        | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |      9240 | NS      | $6323.16      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTO SEGURO SA                                       | PORTO SEGURO SA                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     21560 | NS      | $201978.79    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                        | MSCI EMGMKT FUT DEC25 MESZ5                           | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |         5 | NC      | $3622.86      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAS PENOLES SAB DE CV                          | INDUSTRIAS PENOLES SAB DE CV                          | CUSIP: N/A<br>LEI: 549300WA2HB7776CB324       | Long             | EC               | CORP              | MX        |      8316 | NS      | $371673.68    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PUNJAB NATIONAL BANK                                  | PUNJAB NATIONAL BANK                                  | CUSIP: N/A<br>LEI: 335800LE3GBR6I412V82       | Long             | EC               | CORP              | IN        |     61736 | NS      | $78405.18     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC FINANCIAL HOLDING CO LTD                         | CTBC FINL HLDG CO LTD                                 | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |    173250 | NS      | $243942.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANDONG NANSHAN ALUMINUM CO LTD                      | SHANDONG NANSHAN ALU CO LTD A                         | CUSIP: N/A<br>LEI: 836800YU5J3RT2VPUO65       | Long             | EC               | CORP              | CN        |    381100 | NS      | $211973.51    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDALCO INDUSTRIES LTD                               | HINDALCO INDS LTD                                     | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     19250 | NS      | $165096.89    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HLDGS LTD                            | GEELY AUTO HLDGS LTD                                  | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    104610 | NS      | $262803.73    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                        | ICICI BANK LTD (DEMAT)                                | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |      1224 | NS      | $18571.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WUXI APPTEC CO LTD                                    | WUXI APPTEC CO LTD A                                  | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |     20200 | NS      | $317858.01    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer