# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-002899
**Filing Date:** 2025-12
**Character Count:** 89106
**Document Hash:** 666c3845a9928fccb67b27a6d3be6449
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002899.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000035402-25-002899

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**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:** 251599799

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Fundamental Small-Mid Cap ETF (Series ID: S000070236)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000223347 | Fidelity Fundamental Small-Mid Cap ETF | FFSM            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Fundamental Small-Mid Cap ETF**

**October 31, 2025**

SOE-NPRT1-1225

1.9900258.104 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.3%** | &nbsp;&nbsp;**Common Stocks - 99.3%** | &nbsp;&nbsp;**Common Stocks - 99.3%** |
|  | Shares | Value ($)<br>|
| CANADA - 2.4%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Textiles, Apparel & Luxury Goods - 0.4% |  |  |
| Gildan Activewear Inc (United States)  | 58698 | 3421506 |
| Health Care - 0.1% |  |  |
| Biotechnology - 0.1% |  |  |
| Xenon Pharmaceuticals Inc (a) | 19850 | 832112 |
| Real Estate - 1.1% |  |  |
| Real Estate Management & Development - 1.1% |  |  |
| Colliers International Group Inc Subordinate Voting Shares (United States)  | 54257 | 8655620 |
| Utilities - 0.8% |  |  |
| Gas Utilities - 0.8% |  |  |
| Brookfield Infrastructure Corp (United States)  | 132991 | 6025822 |
| TOTAL CANADA |  | 18935060 |
| ISRAEL - 0.2%  |  |  |
| Information Technology - 0.2% |  |  |
| Software - 0.2% |  |  |
| Cellebrite DI Ltd (a) | 110601 | 1886853 |
| JAPAN - 0.2%  |  |  |
| Information Technology - 0.2% |  |  |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| Allegro MicroSystems Inc (a) | 64418 | 1927387 |
| NETHERLANDS - 0.3%  |  |  |
| Health Care - 0.3% |  |  |
| Biotechnology - 0.3% |  |  |
| Argenx SE ADR (a) | 965 | 789853 |
| Newamsterdam Pharma Co NV (a) | 30911 | 1173072 |
| uniQure NV (a) | 1400 | 94766 |
| TOTAL NETHERLANDS |  | 2057691 |
| PUERTO RICO - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| First BanCorp/Puerto Rico  | 101255 | 1973460 |
| THAILAND - 1.7%  |  |  |
| Information Technology - 1.7% |  |  |
| Electronic Equipment, Instruments & Components - 1.7% |  |  |
| Fabrinet (a) | 30309 | 13353236 |
| UNITED KINGDOM - 1.8%  |  |  |
| Energy - 1.8% |  |  |
| Energy Equipment & Services - 1.8% |  |  |
| TechnipFMC PLC  | 334554 | 13833808 |
| UNITED STATES - 92.4%  |  |  |
| Communication Services - 0.8% |  |  |
| Media - 0.8% |  |  |
| Nexstar Media Group Inc  | 33142 | 6486884 |
| Consumer Discretionary - 11.3% |  |  |
| Automobile Components - 0.4% |  |  |
| Patrick Industries Inc  | 27755 | 2896789 |
| Diversified Consumer Services - 0.3% |  |  |
| Grand Canyon Education Inc (a) | 11608 | 2185786 |
| Laureate Education Inc (a) | 13368 | 388073 |
|  |  | 2573859 |
| Hotels, Restaurants & Leisure - 1.6% |  |  |
| Brinker International Inc (a) | 18711 | 2033137 |
| Cheesecake Factory Inc/The  | 74776 | 3723845 |
| Dutch Bros Inc Class A (a) | 48885 | 2715073 |
| Sportradar Holding AG Class A (a) | 79501 | 2036021 |
| Wyndham Hotels & Resorts Inc  | 28586 | 2099070 |
|  |  | 12607146 |
| Household Durables - 4.0% |  |  |
| Green Brick Partners Inc (a) | 27602 | 1786953 |
| Installed Building Products Inc  | 7905 | 1962258 |
| KB Home  | 81250 | 5071625 |
| SharkNinja Inc (a) | 71246 | 6091533 |
| Somnigroup International Inc  | 161224 | 12791513 |
| TopBuild Corp (a) | 6943 | 2933279 |
|  |  | 30637161 |
| Specialty Retail - 3.4% |  |  |
| Academy Sports & Outdoors Inc  | 7546 | 361378 |
| American Eagle Outfitters Inc  | 96554 | 1613417 |
| Chewy Inc Class A (a) | 54370 | 1833356 |
| Dick's Sporting Goods Inc  | 31157 | 6899718 |
| Lithia Motors Inc Class A  | 8427 | 2646752 |
| Murphy USA Inc  | 20397 | 7306206 |
| Signet Jewelers Ltd  | 47728 | 4717913 |
| Upbound Group Inc  | 70967 | 1375340 |
|  |  | 26754080 |
| Textiles, Apparel & Luxury Goods - 1.6% |  |  |
| Capri Holdings Ltd (a) | 113487 | 2354855 |
| Crocs Inc (a)(b) | 74052 | 6049308 |
| PVH Corp  | 24832 | 1945090 |
| Tapestry Inc  | 23075 | 2534097 |
|  |  | 12883350 |
| TOTAL CONSUMER DISCRETIONARY |  | 88352385 |
| Consumer Staples - 3.3% |  |  |
| Beverages - 0.2% |  |  |
| Primo Brands Corp Class A  | 73272 | 1609786 |
| Consumer Staples Distribution & Retail - 3.1% |  |  |
| BJ's Wholesale Club Holdings Inc (a)(b) | 55110 | 4864008 |
| Performance Food Group Co (a) | 96512 | 9336571 |
| US Foods Holding Corp (a) | 141932 | 10307102 |
|  |  | 24507681 |
| TOTAL CONSUMER STAPLES |  | 26117467 |
| Energy - 2.6% |  |  |
| Energy Equipment & Services - 0.5% |  |  |
| Cactus Inc Class A  | 87352 | 3858338 |
| Oil, Gas & Consumable Fuels - 2.1% |  |  |
| Antero Resources Corp (a) | 266526 | 8238319 |
| Cheniere Energy Inc  | 14397 | 3052164 |
| Chord Energy Corp  | 35263 | 3199059 |
| Core Natural Resources Inc  | 27229 | 2151091 |
|  |  | 16640633 |
| TOTAL ENERGY |  | 20498971 |
| Financials - 15.9% |  |  |
| Banks - 6.2% |  |  |
| BOK Financial Corp  | 32885 | 3439113 |
| Cadence Bank  | 44 | 1660 |
| East West Bancorp Inc  | 75684 | 7689494 |
| Eastern Bankshares Inc  | 215273 | 3773736 |
| First Citizens BancShares Inc/NC Class A  | 1704 | 3109493 |
| FNB Corp/PA  | 143737 | 2259546 |
| KeyCorp  | 126476 | 2224713 |
| M&T Bank Corp  | 12364 | 2273369 |
| Old National Bancorp/IN  | 133346 | 2724259 |
| SOUTHSTATE BANK CORP  | 35203 | 3120746 |
| Synovus Financial Corp  | 145419 | 6491504 |
| TriCo Bancshares  | 26433 | 1169132 |
| Webster Financial Corp  | 89548 | 5107818 |
| Wintrust Financial Corp  | 35094 | 4562922 |
|  |  | 47947505 |
| Capital Markets - 2.9% |  |  |
| Houlihan Lokey Inc Class A  | 33920 | 6074394 |
| Lazard Inc  | 104549 | 5101991 |
| Raymond James Financial Inc  | 30621 | 4858634 |
| Stifel Financial Corp  | 59111 | 7000516 |
|  |  | 23035535 |
| Consumer Finance - 2.4% |  |  |
| FirstCash Holdings Inc  | 62401 | 9890559 |
| SLM Corp  | 182012 | 4887022 |
| SoFi Technologies Inc Class A (a) | 139999 | 4155170 |
|  |  | 18932751 |
| Financial Services - 0.5% |  |  |
| HA Sustainable Infrastructure Capital Inc  | 36947 | 1023800 |
| PennyMac Financial Services Inc  | 24801 | 3120214 |
|  |  | 4144014 |
| Insurance - 3.9% |  |  |
| American Financial Group Inc/OH  | 21622 | 2847185 |
| Assurant Inc  | 19580 | 4145478 |
| Axis Capital Holdings Ltd  | 28319 | 2652358 |
| Baldwin Insurance Group Inc/The Class A (a) | 35920 | 793832 |
| First American Financial Corp  | 86264 | 5392363 |
| Old Republic International Corp  | 532 | 20992 |
| Primerica Inc  | 26163 | 6798979 |
| Reinsurance Group of America Inc  | 37081 | 6765799 |
|  |  | 29416986 |
| TOTAL FINANCIALS |  | 123476791 |
| Health Care - 11.5% |  |  |
| Biotechnology - 4.5% |  |  |
| Arcellx Inc (a) | 18068 | 1630637 |
| Celldex Therapeutics Inc (a) | 37261 | 995987 |
| Centessa Pharmaceuticals PLC ADR (a) | 34218 | 852028 |
| CG oncology Inc (a) | 32341 | 1399395 |
| Cogent Biosciences Inc (a) | 69736 | 1136697 |
| Cytokinetics Inc (a) | 27908 | 1774670 |
| CytomX Therapeutics Inc (a) | 213553 | 762384 |
| Day One Biopharmaceuticals Inc (a) | 73409 | 546163 |
| Disc Medicine Inc (a) | 14569 | 1256139 |
| Exact Sciences Corp (a) | 32613 | 2109735 |
| Insmed Inc (a) | 27495 | 5213052 |
| Madrigal Pharmaceuticals Inc (a) | 3611 | 1512648 |
| Mineralys Therapeutics Inc (a) | 24580 | 1004339 |
| Nurix Therapeutics Inc (a) | 45701 | 591371 |
| Nuvalent Inc Class A (a) | 12612 | 1252624 |
| Perspective Therapeutics Inc (a) | 75193 | 205277 |
| Rezolute Inc/old (a) | 165348 | 1541043 |
| Rhythm Pharmaceuticals Inc (a) | 18565 | 2111954 |
| Soleno Therapeutics Inc (a) | 17968 | 1206731 |
| Stoke Therapeutics Inc (a) | 73727 | 2214759 |
| Upstream Bio Inc (a) | 70178 | 1814101 |
| Vaxcyte Inc (a) | 38817 | 1757634 |
| Vericel Corp (a) | 20127 | 705653 |
| Viridian Therapeutics Inc (a) | 4448 | 105106 |
| Zenas Biopharma Inc (a) | 45696 | 1428000 |
|  |  | 35128127 |
| Health Care Equipment & Supplies - 2.4% |  |  |
| Ceribell Inc (a) | 63849 | 727879 |
| Insulet Corp (a) | 19842 | 6210745 |
| Lantheus Holdings Inc (a) | 39018 | 2250948 |
| Masimo Corp (a) | 18562 | 2610745 |
| Penumbra Inc (a) | 14089 | 3203416 |
| QuidelOrtho Corp (a) | 52670 | 1421563 |
| TransMedics Group Inc (a) | 19993 | 2629879 |
|  |  | 19055175 |
| Health Care Providers & Services - 3.0% |  |  |
| Acadia Healthcare Co Inc (a) | 93594 | 2012271 |
| BrightSpring Health Services Inc (a) | 174439 | 5765209 |
| Molina Healthcare Inc (a) | 12381 | 1895036 |
| Tenet Healthcare Corp (a) | 17184 | 3548324 |
| Universal Health Services Inc Class B  | 46725 | 10139792 |
|  |  | 23360632 |
| Life Sciences Tools & Services - 0.7% |  |  |
| Charles River Laboratories International Inc (a) | 16658 | 2999606 |
| ICON PLC (a) | 3645 | 626284 |
| Repligen Corp (a) | 11005 | 1640405 |
|  |  | 5266295 |
| Pharmaceuticals - 0.9% |  |  |
| Amylyx Pharmaceuticals Inc (a) | 70323 | 979599 |
| Crinetics Pharmaceuticals Inc (a) | 26198 | 1139613 |
| Elanco Animal Health Inc (a) | 123292 | 2730918 |
| Enliven Therapeutics Inc (a) | 37733 | 883707 |
| Prestige Consumer Healthcare Inc (a) | 1846 | 111868 |
| Structure Therapeutics Inc ADR (a) | 39629 | 1320438 |
|  |  | 7166143 |
| TOTAL HEALTH CARE |  | 89976372 |
| Industrials - 25.7% |  |  |
| Aerospace & Defense - 2.7% |  |  |
| ATI Inc (a) | 80163 | 7933733 |
| Carpenter Technology Corp  | 23956 | 7567700 |
| Karman Holdings Inc (a) | 66885 | 5634392 |
|  |  | 21135825 |
| Building Products - 1.5% |  |  |
| AZZ Inc  | 30460 | 3041431 |
| Builders FirstSource Inc (a) | 44 | 5111 |
| Simpson Manufacturing Co Inc  | 16438 | 2901307 |
| Tecnoglass Inc  | 95076 | 5669382 |
|  |  | 11617231 |
| Commercial Services & Supplies - 1.3% |  |  |
| Brady Corp Class A  | 50089 | 3802256 |
| Brink's Co/The  | 35634 | 3961076 |
| GFL Environmental Inc Subordinate Voting Shares (United States)  | 48886 | 2135829 |
|  |  | 9899161 |
| Construction & Engineering - 7.2% |  |  |
| AECOM  | 47860 | 6429991 |
| Comfort Systems USA Inc  | 9280 | 8960582 |
| Construction Partners Inc Class A (a) | 67465 | 7714623 |
| EMCOR Group Inc  | 13232 | 8941921 |
| Granite Construction Inc  | 32607 | 3355586 |
| IES Holdings Inc (a) | 30701 | 12031108 |
| Sterling Infrastructure Inc (a) | 22135 | 8364817 |
|  |  | 55798628 |
| Electrical Equipment - 1.0% |  |  |
| Acuity Inc  | 21553 | 7867923 |
| Ground Transportation - 0.7% |  |  |
| XPO Inc (a) | 37015 | 5325348 |
| Machinery - 6.6% |  |  |
| Allison Transmission Holdings Inc  | 8617 | 711333 |
| Atmus Filtration Technologies Inc  | 61599 | 2801523 |
| Blue Bird Corp (a) | 7365 | 367955 |
| Crane Co  | 35728 | 6788320 |
| Gates Industrial Corp PLC (a) | 209924 | 4635122 |
| ITT Inc  | 59047 | 10927828 |
| JBT Marel Corp  | 20170 | 2543437 |
| RBC Bearings Inc (a) | 12976 | 5560605 |
| REV Group Inc  | 33282 | 1706368 |
| SPX Technologies Inc (a) | 52639 | 11785347 |
| Terex Corp  | 88454 | 4070653 |
|  |  | 51898491 |
| Passenger Airlines - 0.3% |  |  |
| Alaska Air Group Inc (a) | 51807 | 2161905 |
| Professional Services - 2.7% |  |  |
| ExlService Holdings Inc (a) | 142313 | 5564438 |
| Genpact Ltd  | 185397 | 7072896 |
| KBR Inc  | 148082 | 6343833 |
| Kforce Inc  | 3005 | 76026 |
| Maximus Inc  | 27374 | 2275327 |
|  |  | 21332520 |
| Trading Companies & Distributors - 1.7% |  |  |
| Core & Main Inc Class A (a) | 80988 | 4225954 |
| DXP Enterprises Inc/TX (a) | 37767 | 4518822 |
| Herc Holdings Inc  | 14800 | 2102340 |
| Rush Enterprises Inc Class A  | 50015 | 2471241 |
|  |  | 13318357 |
| TOTAL INDUSTRIALS |  | 200355389 |
| Information Technology - 12.2% |  |  |
| Communications Equipment - 1.8% |  |  |
| Ciena Corp (a) | 9906 | 1881348 |
| Lumentum Holdings Inc (a) | 59193 | 11930941 |
|  |  | 13812289 |
| Electronic Equipment, Instruments & Components - 6.3% |  |  |
| Advanced Energy Industries Inc  | 42068 | 8528446 |
| Belden Inc  | 27313 | 3328089 |
| Coherent Corp (a) | 42465 | 5603681 |
| Crane NXT Co  | 6917 | 437500 |
| Insight Enterprises Inc (a) | 45481 | 4548100 |
| OSI Systems Inc (a) | 13111 | 3650889 |
| Sanmina Corp (a) | 64161 | 8793265 |
| TD SYNNEX Corp  | 57122 | 8939022 |
| Vontier Corp  | 130696 | 5031796 |
|  |  | 48860788 |
| IT Services - 1.3% |  |  |
| Amdocs Ltd  | 79611 | 6708023 |
| Kyndryl Holdings Inc (a) | 125042 | 3616215 |
|  |  | 10324238 |
| Semiconductors & Semiconductor Equipment - 1.0% |  |  |
| MACOM Technology Solutions Holdings Inc (a) | 36616 | 5423928 |
| Veeco Instruments Inc (a) | 85989 | 2472183 |
|  |  | 7896111 |
| Software - 0.3% |  |  |
| nCino Inc (a) | 75889 | 2024718 |
| Technology Hardware, Storage & Peripherals - 1.5% |  |  |
| Seagate Technology Holdings PLC  | 30705 | 7856796 |
| Western Digital Corp  | 26058 | 3914172 |
|  |  | 11770968 |
| TOTAL INFORMATION TECHNOLOGY |  | 94689112 |
| Materials - 3.5% |  |  |
| Chemicals - 0.8% |  |  |
| Axalta Coating Systems Ltd (a) | 216 | 6150 |
| Element Solutions Inc  | 150010 | 4008267 |
| Minerals Technologies Inc  | 38747 | 2198892 |
|  |  | 6213309 |
| Construction Materials - 1.2% |  |  |
| Eagle Materials Inc  | 42833 | 9094303 |
| Containers & Packaging - 0.7% |  |  |
| Silgan Holdings Inc  | 136024 | 5253247 |
| Metals & Mining - 0.3% |  |  |
| Commercial Metals Co  | 52469 | 3114560 |
| Constellium SE (a) | 5664 | 89094 |
|  |  | 3203654 |
| Paper & Forest Products - 0.5% |  |  |
| Louisiana-Pacific Corp  | 43211 | 3764110 |
| TOTAL MATERIALS |  | 27528623 |
| Real Estate - 4.2% |  |  |
| Diversified REITs - 0.4% |  |  |
| Essential Properties Realty Trust Inc  | 120362 | 3596417 |
| Health Care REITs - 1.6% |  |  |
| CareTrust REIT Inc  | 158567 | 5494346 |
| Ventas Inc  | 91601 | 6759238 |
|  |  | 12253584 |
| Real Estate Management & Development - 1.7% |  |  |
| Compass Inc Class A (a) | 502183 | 3871831 |
| Jones Lang LaSalle Inc (a) | 29626 | 9038596 |
|  |  | 12910427 |
| Specialized REITs - 0.5% |  |  |
| Outfront Media Inc  | 215588 | 3813752 |
| TOTAL REAL ESTATE |  | 32574180 |
| Utilities - 1.4% |  |  |
| Electric Utilities - 0.6% |  |  |
| PG&E Corp  | 273606 | 4366752 |
| Gas Utilities - 0.5% |  |  |
| UGI Corp  | 109394 | 3657041 |
| Independent Power and Renewable Electricity Producers - 0.3% |  |  |
| AES Corp/The  | 232096 | 3219172 |
| TOTAL UTILITIES |  | 11242965 |
| TOTAL UNITED STATES |  | 721299139 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $695,313,737) |  | <br> **775266634** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.3%**<br> (Cost $695,313,737)<br>| <br>**775266634** |
| **NET OTHER ASSETS (LIABILITIES) - 0.7%**  | **5856154** |
| **NET ASSETS - 100.0%** | **781122788** |

---

**Legend**

(a) Non-income producing.

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

At period end, the value of non-cash collateral for securities on loan amounted to $4,383,820.

**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.

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 Covington Trust

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Fundamental Small-Mid Cap ETF

- **b. EDGAR series identifier (if any):** S000070236

- **c. LEI of Series:** 549300DUFQFOG22Y8D23

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

- **a. Date of fiscal year-end:** 2026-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $779924726.49

**Total Liabilities:** $274848.05

**Net Assets:** $779649878.44

**Cash Not Reported:** $5321399.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223347 | 4.51%                | 1.39%                | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1929678.74             | $33443560.14                               |
| Month 2  | $-414769.79              | $10138053.06                               |
| Month 3  | $2713431.95              | $4128469.75                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EXLSERVICE HOLDINGS INC                      | EXLSERVICE HOLDINGS INC                   | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    141961 | NS      | $5550675.10   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC                 | SOMNIGROUP INTERNATIONAL INC              | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    161224 | NS      | $12791512.16  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                                 | TAPESTRY INC                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     23075 | NS      | $2534096.50   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UPSTREAM BIO INC                             | UPSTREAM BIO INC                          | CUSIP: 91678A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70178 | NS      | $1814101.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI SYSTEMS INC                              | OSI SYSTEMS INC                           | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     13111 | NS      | $3650889.06   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA INC                               | SHARKNINJA INC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     71246 | NS      | $6091533.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CERIBELL INC                                 | CERIBELL INC                              | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63691 | NS      | $726077.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                                | COHERENT CORP                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     42417 | NS      | $5597347.32   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                                     | AES CORP                                  | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    231522 | NS      | $3211210.14   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA INC                                 | PENUMBRA INC                              | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     14089 | NS      | $3203415.93   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HOULIHAN LOKEY                               | HOULIHAN LOKEY                            | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     33836 | NS      | $6059350.88   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TECNOGLASS INC                               | TECNOGLASS INC                            | CUSIP: N/A<br>LEI: 529900YRWTPOC2E6IO67       | Long             | EC               | CORP              | KY        |     95076 | NS      | $5669381.88   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC      | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC   | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36582 | NS      | $5418891.66   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ALASKA AIR GROUP INC                         | ALASKA AIR GROUP INC                      | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     51807 | NS      | $2161906.11   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY CORP                    | CARPENTER TECHNOLOGY CORP                 | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     23914 | NS      | $7554432.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                                      | KB HOME                                   | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     81146 | NS      | $5065133.32   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORP                                   | TEREX CORP                                | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     86154 | NS      | $3964807.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REPUBLIC INTL CORP                       | OLD REPUBLIC INTL CORP                    | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |       266 | NS      | $10496.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INSIGHT ENTERPRISES INC                      | INSIGHT ENTERPRISES INC                   | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     45369 | NS      | $4536900.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                         | SOUTHSTATE BANK CORP                      | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     35115 | NS      | $3112944.75   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTESSA PHARMACEUTICALS PLC                 | CENTESSA PHARMACEUTICALS LTD ADR          | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |     34218 | NS      | $852028.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BANCORP P R                            | FIRST BANCORP PUERTO RICO                 | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    101255 | NS      | $1973459.95   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VEECO INSTRUMENTS INC                        | VEECO INSTRUMENT                          | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     85989 | NS      | $2472183.75   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL INC                    | BRINKER INTERNATIONAL INC                 | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     18681 | NS      | $2029877.46   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMUS FILTRATION TECHNOLOGIES INC            | ATMUS FILTRATION TECHNOLOGIES INC         | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61447 | NS      | $2794609.56   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC/NC             | FIRST CITIZENS BANCSHARES INC CL A        | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      1704 | NS      | $3109493.28   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CRINETICS PHARMACEUTICALS INC                | CRINETICS PHARMACEUTICALS INC             | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     26198 | NS      | $1139613.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                        | LUMENTUM HOLDINGS INC                     | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     59107 | NS      | $11913606.92  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                       | JONES LANG LASALLE INC                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     29588 | NS      | $9027002.92   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GREEN BRICK PARTNERS INC                     | GREEN BRICK PARTNERS INC                  | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     27534 | NS      | $1782551.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LTD                    | AXIS CAPITAL HOLDINGS LTD                 | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |     28249 | NS      | $2645801.34   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BRADY CORPORATION                            | BRADY CORPORATION CL A                    | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     50089 | NS      | $3802255.99   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC                                   | ACUITY INC                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21499 | NS      | $7848209.95   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT INC                                      | ITT INC                                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     58901 | NS      | $10900808.07  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP                                     | PVH CORP                                  | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     24770 | NS      | $1940234.10   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EAGLE OUTFITTERS INC                | AMERICAN EAGLE OUTFITTERS INC             | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     96554 | NS      | $1613417.34   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLIUM SE                               | CONSTELLIUM SE                            | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |      5664 | NS      | $89094.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHORD ENERGY CORP                            | CHORD ENERGY CORP                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     35263 | NS      | $3199059.36   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ INC                                      | AZZ INC                                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     30460 | NS      | $3041431.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEESECAKE FACTORY (THE)                     | CHEESECAKE FACTORY INC                    | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     74686 | NS      | $3719362.80   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWAMSTERDAM PHARMA COMPANY NV               | NEWAMSTERDAM PHARMA COMPANY NV            | CUSIP: N/A<br>LEI: 984500B6549TF6E14D36       | Long             | EC               | CORP              | NL        |     30851 | NS      | $1170795.45   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL ENVIRONMENTAL INC                        | GFL ENVIRONMENTAL INC                     | CUSIP: 36168Q104<br>LEI: 5493008HF9XC5H29ZX61 | Long             | EC               | CORP              | CA        |     48886 | NS      | $2135829.34   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRICK INDUSTRIES INC                       | PATRICK INDUSTRIES INC                    | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     27755 | NS      | $2896789.35   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                   | VENTAS INC REIT                           | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     91373 | NS      | $6742413.67   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RESOURCES CORPORATION                 | ANTERO RES CORP                           | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    266176 | NS      | $8227500.16   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                      | COMFORT SYSTEMS USA INC                   | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      9272 | NS      | $8952857.76   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP                        | STIFEL FINANCIAL CORP                     | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     58965 | NS      | $6983224.95   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| DISC MEDICINE INC                            | DISC MEDICINE INC                         | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14569 | NS      | $1256139.18   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD                          | SIGNET JEWELERS LTD                       | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | BM        |     47702 | NS      | $4715342.70   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKS CO                                    | BRINKS CO                                 | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     35586 | NS      | $3955739.76   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AMYLYX PHARMACEUTICALS INC                   | AMYLYX PHARMACEUTICALS INC                | CUSIP: 03237H101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70323 | NS      | $979599.39    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP ENTERPRISES INC/TX                       | DXP ENTERPRISES INC                       | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37767 | NS      | $4518821.55   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| REV GROUP INC                                | REV GROUP INC                             | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     33282 | NS      | $1706368.14   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY USA INC                               | MURPHY USA INC                            | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     20385 | NS      | $7301907.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| KFORCE INC                                   | KFORCE INC                                | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      3384 | NS      | $85615.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP                         | WESTERN DIGITAL CORP                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     26058 | NS      | $3914172.18   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPRI HOLDINGS LTD                           | CAPRI HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |    113487 | NS      | $2354855.25   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC                     | DICKS SPORTING GOODS INC                  | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     31079 | NS      | $6882444.55   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL INC.                 | RAYMOND JAMES FINANCIAL INC.              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     30645 | NS      | $4862442.15   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORP PLC                    | GATES INDUSTRIAL CORP PLC                 | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    209404 | NS      | $4623640.32   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NURIX THERAPEUTICS INC                       | NURIX THERAPEUTICS INC                    | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45627 | NS      | $590413.38    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS INC                       | FIRSTCASH HOLDINGS INC                    | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62341 | NS      | $9881048.50   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC    | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     38815 | NS      | $1075563.65   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE                                    | ARGENX SE SPONSORED ADR                   | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       965 | NS      | $789852.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORP                                 | VONTIER CORP W/I                          | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    130372 | NS      | $5019322.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC | CHARLES RIVER LABS INTL INC               | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     16658 | NS      | $2999606.06   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT CO                                 | CRANE NXT CO                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |      6917 | NS      | $437500.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                        | AECOM                                     | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     47746 | NS      | $6414675.10   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS INC                                  | COMPASS INC                               | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    501495 | NS      | $3866526.45   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CROCS INC                                    | CROCS INC                                 | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     73868 | NS      | $6034276.92   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| PERFORMANCE FOOD GROUP CO                    | PERFORMANCE FOOD GROUP CO                 | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     96438 | NS      | $9329412.12   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAND CANYON EDUCATION INC                   | GRAND CANYON EDUCATION INC                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     11680 | NS      | $2199344.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                                   | CIENA CORP                                | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      9906 | NS      | $1881347.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                         | SPX TECHNOLOGIES INC                      | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     52615 | NS      | $11779972.35  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSMEDICS GROUP INC                        | TRANSMEDICS GROUP INC                     | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     19993 | NS      | $2629879.22   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP                      | WINTRUST FINANCIAL CORP                   | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     35008 | NS      | $4551740.16   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PERSPECTIVE THERAPEUTICS INC                 | PERSPECTIVE THERAPEUTICS INC              | CUSIP: 46489V302<br>LEI: 5493005LRKM6BCABC605 | Long             | EC               | CORP              | US        |     95237 | NS      | $259997.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC             | REINSURANCE GROUP OF AMERICA              | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     36981 | NS      | $6747553.26   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORP                                 | SANMINA CORP                              | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     64093 | NS      | $8783945.65   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC BEARINGS INC                             | RBC BEARINGS INC                          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12944 | NS      | $5546892.32   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATIONAL BANCORP (IND)                   | OLD NATIONAL BANCORP (IND)                | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    133346 | NS      | $2724258.78   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSH ENTERPRISES INC                         | RUSH ENTERPRISES INC CL A                 | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     50015 | NS      | $2471241.15   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                                | PG and E CORP                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    273334 | NS      | $4362410.64   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MANUFACTURING CO                     | SIMPSON MANUFACTURING CO                  | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     16438 | NS      | $2901307.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIQURE N.V.                                 | UNIQURE N.V.                              | CUSIP: N/A<br>LEI: 724500RPCTZLFYJZ3S98       | Long             | EC               | CORP              | NL        |      1400 | NS      | $94766.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                               | TECHNIPFMC PLC                            | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |    333852 | NS      | $13804780.20  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGRO MICROSYSTEMS INC                     | ALLEGRO MICROSYSTEMS INC                  | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |     64318 | NS      | $1924394.56   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                                     | SLM CORP                                  | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    182012 | NS      | $4887022.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR INC                                      | KBR INC                                   | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    148082 | NS      | $6343832.88   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS INC                        | LANTHEUS HLDGS INC                        | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     38922 | NS      | $2245410.18   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ENLIVEN THERAPEUTICS INC                     | ENLIVEN THERAPEUTICS INC                  | CUSIP: 29337E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37639 | NS      | $881505.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT INC                           | CARETRUST REIT INC                        | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    158415 | NS      | $5489079.75   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                                     | UGI CORP NEW                              | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    109120 | NS      | $3647881.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS INC              | INSTALLED BUILDING PRODUCTS INC           | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      7889 | NS      | $1958286.47   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SPORTRADAR HOLDING AG                        | SPORTRADAR GROUP AG                       | CUSIP: N/A<br>LEI: 39120099GMDR0HYDS163       | Long             | EC               | CORP              | CH        |     79305 | NS      | $2031001.05   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI INC                                      | ATI INC                                   | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     79965 | NS      | $7914136.05   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| M and T BANK CORP                            | M and T BANK CORP                         | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     12364 | NS      | $2273368.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INC                     | GRANITE CONSTRUCTION INC                  | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     32607 | NS      | $3355586.37   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT MEDIA INC                           | OUTFRONT MEDIA INC                        | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    215588 | NS      | $3813751.72   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK FINANCIAL CORP                           | BOK FINANCIAL COMMON NEW                  | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     32885 | NS      | $3439113.30   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VAXCYTE INC                                  | VAXCYTE INC                               | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     38739 | NS      | $1754101.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLEBRITE DI LTD                            | CELLEBRITE DI LTD                         | CUSIP: N/A<br>LEI: 254900G03462YGP1IO36       | Long             | EC               | CORP              | IL        |    110327 | NS      | $1882178.62   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                      | NEXSTAR MEDIA GROUP INC                   | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     33060 | NS      | $6470833.80   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRIDIAN THERAPEUTICS INC                    | VIRIDIAN THERAPEUTICS INC                 | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |      4448 | NS      | $105106.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COLLIERS INTL GROUP INC                      | COLLIERS INTERNATIONAL GROUP INC          | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     54257 | NS      | $8655619.21   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLENO THERAPEUTICS INC                      | SOLENO THERAPEUTICS INC                   | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |     17968 | NS      | $1206730.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                      | KEYCORP                                   | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    126160 | NS      | $2219154.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMERICA INC                                | PRIMERICA INC                             | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     26163 | NS      | $6798978.81   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GILDAN ACTIVEWEAR INC                        | GILDAN ACTIVEWEAR INC                     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     58552 | NS      | $3412996.08   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS INC                                  | MAXIMUS INC                               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     27374 | NS      | $2275326.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| REZOLUTE INC                                 | REZOLUTE INC                              | CUSIP: 76200L309<br>LEI: 549300T05L48T72P2G08 | Long             | EC               | CORP              | US        |    165348 | NS      | $1541043.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERALYS THERAPEUTICS INC                   | MINERALYS THERAPEUTICS INC                | CUSIP: 603170101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24580 | NS      | $1004338.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                     | ELANCO ANIMAL HEALTH INC                  | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    123184 | NS      | $2728525.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERN BANKSHARES INC                       | EASTERN BANKSHARES INC                    | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    215029 | NS      | $3769458.37   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| STRUCTURE THERAPEUTICS INC                   | STRUCTURE THERAPEUTICS INC ADR            | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     39629 | NS      | $1320438.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                              | EMCOR GROUP INC                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     13200 | NS      | $8920296.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC              | SEAGATE TECHNOLOGY HOLDINGS PLC           | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     30653 | NS      | $7843489.64   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD INC                                   | LAZARD INC                                | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |    104549 | NS      | $5101991.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UPBOUND GROUP INC                            | UPBOUND GROUP INC                         | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     70967 | NS      | $1375340.46   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE INC                  | STERLING INFRASTRUCTURE INC               | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     22081 | NS      | $8344409.90   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KYNDRYL HOLDINGS INC                         | KYNDRYL HOLDINGS INC                      | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    124732 | NS      | $3607249.44   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTRUCTION PARTNERS INC                    | CONSTRUCTION PARTNERS INC CL A            | CUSIP: 21044C107<br>LEI: 549300G4ICXJKQN32X70 | Long             | EC               | CORP              | US        |     67349 | NS      | $7701358.15   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL PROPERTIES REALTY TRUST INC        | ESSENTIAL PROPERTIES REALTY TRUST INC     | CUSIP: 29670E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120062 | NS      | $3587452.56   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| QUIDELORTHO CORP                             | QUIDELORTHO CORP                          | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     52670 | NS      | $1421563.30   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEWY INC                                    | CHEWY INC                                 | CUSIP: 16679L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54258 | NS      | $1829579.76   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUREATE EDUCATION INC                       | LAUREATE EDUCATION INC                    | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     13368 | NS      | $388073.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT MAREL CORP                               | JBT MAREL CORP                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     20170 | NS      | $2543437.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS INC                             | CYTOKINETICS INC                          | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     27890 | NS      | $1773525.10   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESTIGE CONSUMER HEALTHCARE INC             | PRESTIGE CONSUMER HEALTHCARE INC          | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6238 | NS      | $378022.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DUTCH BROS INC                               | DUTCH BROS INC                            | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48765 | NS      | $2708408.10   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC              | PENNYMAC FINANCIAL SERVICES INC           | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     24801 | NS      | $3120213.81   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                        | TENET HEALTHCARE CORP                     | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     17184 | NS      | $3548324.16   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS CO                         | COMMERCIAL METALS CO                      | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     52339 | NS      | $3106843.04   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IES HOLDINGS INC                             | IES HOLDINGS INC                          | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |     30701 | NS      | $12031107.88  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| VERICEL CORP                                 | VERICEL CORP                              | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     20127 | NS      | $705652.62    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                     | FABRINET                                  | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | KY        |     30237 | NS      | $13321515.09  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CACTUS INC                                   | CACTUS INC CL A                           | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     87352 | NS      | $3858337.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT SOLUTIONS INC                        | ELEMENT SOLUTIONS INC                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    149714 | NS      | $4000358.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                     | ICON PLC                                  | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |      3635 | NS      | $624565.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC                        | MOLINA HEALTHCARE INC                     | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     12361 | NS      | $1891974.66   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE CORP               | BROOKFIELD INFRASTRUCTURE CORP            | CUSIP: 11276H106<br>LEI: 254900YTMKBFJAKUBO55 | Long             | EC               | CORP              | CA        |    132953 | NS      | $6024100.43   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADEMY SPORTS and OUTDOORS INC              | ACADEMY SPORTS and OUTDOORS INC           | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |      7546 | NS      | $361377.94    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                                | TOPBUILD CORP                             | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      6943 | NS      | $2933278.64   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BALDWIN INSURANCE GROUP INC/THE              | BALDWIN INSURANCE GROUP INC/THE           | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35920 | NS      | $793832.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LITHIA MOTORS INC                            | LITHIA MOTORS INC CL A                    | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      8407 | NS      | $2640470.56   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOMX THERAPEUTICS INC                      | CYTOMX THERAPEUTICS INC                   | CUSIP: 23284F105<br>LEI: 5493004VW2FW0QLL3345 | Long             | EC               | CORP              | US        |    213553 | NS      | $762384.21    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERALS TECHNOLOGIES INC                    | MINERALS TECHNOLOGIES INC                 | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     38747 | NS      | $2198892.25   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MADRIGAL PHARMACEUTICALS INC                 | MADRIGAL PHARMACEUTICALS INC              | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      3597 | NS      | $1506783.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP                          | EXACT SCIENCES CORP                       | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     32613 | NS      | $2109734.97   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES INC                   | CORE NATURAL RESOURCES INC                | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     27229 | NS      | $2151091.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                     | ACADIA HEALTHCARE CO INC                  | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     93384 | NS      | $2007756.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCELLX INC                                  | ARCELLX INC                               | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18068 | NS      | $1630637.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| STOKE THERAPEUTICS INC                       | STOKE THERAPEUTICS INC                    | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               | CORP              | US        |     73671 | NS      | $2213076.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DAY ONE BIOPHARMACEUTICALS INC               | DAY ONE BIOPHARMACEUTICALS INC            | CUSIP: 23954D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73409 | NS      | $546162.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FINL CORP                        | FIRST AMERICAN FINANCIAL CORP             | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     86264 | NS      | $5392362.64   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD                   | AXALTA COATING SYSTEMS LTD                | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | BM        |       108 | NS      | $3074.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                     | BUILDERS FIRSTSOURCE                      | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |        22 | NS      | $2555.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RHYTHM PHARMACEUTICALS INC                   | RHYTHM PHARMACEUTICALS INC                | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |     18565 | NS      | $2111954.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE CO                                     | CRANE CO                                  | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     35708 | NS      | $6784520.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LTD                                  | GENPACT LTD                               | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |    184937 | NS      | $7055346.55   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                            | HERC HOLDINGS INC                         | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     14800 | NS      | $2102340.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KARMAN HOLDINGS INC                          | KARMAN HOLDINGS INC                       | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66885 | NS      | $5634392.40   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDGS INC               | ALLISON TRANSMISSION HLDGS INC            | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      8617 | NS      | $711333.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ZENAS BIOPHARMA INC                          | ZENAS BIOPHARMA INC                       | CUSIP: 98937L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45696 | NS      | $1428000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE BIRD CORP                               | BLUE BIRD CORP                            | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |      7347 | NS      | $367056.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SILGAN HOLDINGS INC                          | SILGAN HOLDINGS INC                       | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    136024 | NS      | $5253246.88   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE MATLS INC                              | EAGLE MATERIALS INC                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     42727 | NS      | $9071796.64   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                       | SYNOVUS FINANCIAL CORP.                   | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |    145057 | NS      | $6475344.48   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA PACIFIC CORP                       | LOUISIANA PACIFIC CORP                    | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     43105 | NS      | $3754876.55   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH SERVICES INC                | UNIVERSAL HEALTH SVCS INC CL B            | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     46661 | NS      | $10125903.61  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC                                   | BELDEN INC                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     27313 | NS      | $3328089.05   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                                 | ASSURANT INC                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     19514 | NS      | $4131504.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| XENON PHARMACEUTICALS INC                    | XENON PHARMACEUTICALS INC                 | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |     19850 | NS      | $832112.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORP                       | WEBSTER FINANCIAL                         | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     89326 | NS      | $5095155.04   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                                      | XPO INC                                   | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     36927 | NS      | $5312687.49   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT BIOSCIENCES INC                       | COGENT BIOSCIENCES INC                    | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69736 | NS      | $1136696.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CG ONCOLOGY INC                              | CG ONCOLOGY INC                           | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32261 | NS      | $1395933.47   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS WHOLESALE CLUB HOLDINGS INC              | BJS WHSL CLUB HLDGS INC                   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     54890 | NS      | $4844591.40   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| TD SYNNEX CORP                               | TD SYNNEX CORP                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     57082 | NS      | $8932762.18   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERVICES INC             | BRIGHTSPRING HEALTH SERVICES INC          | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    174025 | NS      | $5751526.25   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INC                                   | INSMED INC                                | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     27441 | NS      | $5202813.60   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB CORP PA                                  | FNB CORP PA                               | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    143737 | NS      | $2259545.64   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NCINO INC                                    | NCINO INC                                 | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     75701 | NS      | $2019702.68   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED ENERGY INDUSTRIES INC               | ADVANCED ENERGY INDUSTRIES INC            | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     41964 | NS      | $8507361.72   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORP                                | REPLIGEN                                  | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     11005 | NS      | $1640405.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP                        | US FOODS HOLDING CORP                     | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    141580 | NS      | $10281539.60  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TRICO BANCSHARES                             | TRICO BANCSHARES                          | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26433 | NS      | $1169131.59   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORP                                 | INSULET CORP                              | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     19818 | NS      | $6203232.18   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP INC                        | EAST WEST BANCORP INC                     | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |     75610 | NS      | $7681976.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LIMITED                               | AMDOCS LTD                                | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |     79611 | NS      | $6708022.86   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMO BRANDS CORP                            | PRIMO BRANDS CORP A                       | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     73090 | NS      | $1605787.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS and RESORTS INC               | WYNDHAM HOTELS and RESORTS INC            | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     28586 | NS      | $2099069.98   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINL GROUP INC OHIO                 | AMERICAN FINL GROUP INC OHIO              | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     21622 | NS      | $2847184.96   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLDEX THERAPEUTICS INC                     | CELLDEX THERAPEUTICS INC                  | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |     37169 | NS      | $993527.37    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE BANK                                 | CADENCE BANK                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |        22 | NS      | $830.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MASIMO CORP                                  | MASIMO CORP                               | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     18562 | NS      | $2610745.30   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NUVALENT INC                                 | NUVALENT INC-A                            | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12112 | NS      | $1202963.84   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                          | CHENIERE ENERGY INC                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     14397 | NS      | $3052164.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFI TECHNOLOGIES INC                        | SOFI TECHNOLOGIES INC A                   | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    139999 | NS      | $4155170.32   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE and MAIN INC                            | CORE and MAIN INC                         | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80804 | NS      | $4216352.72   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer