# EDGAR Filing Document

**Accession Number:** 0000320351
**File Stem:** 0001752724-23-014712
**Filing Date:** 2023-1
**Character Count:** 30173
**Document Hash:** 8043840acdc1a09ffb97e2273d9111aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014712.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SELECT PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000320351
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03114
- **FILM NUMBER:** 23556566

**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

### Construction and Housing Portfolio (Series ID: S000007494)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000020468 | Construction and Housing Portfolio | FSHOX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity**<sup>®</sup> **Select Portfolios**<sup>®</sup>

**Construction and Housing Portfolio**

**November 30, 2022**

HOU-NPRT3-0123

1.810672.118 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.7%** | &nbsp;&nbsp;**Common Stocks - 99.7%** | &nbsp;&nbsp;**Common Stocks - 99.7%** |
|  | Shares | Value ($)<br>|
| Building Products - 22.3%  |  |  |
| Building Products - 22.3% |  |  |
| Apogee Enterprises, Inc.  | 110800 | 5346100 |
| Armstrong World Industries, Inc.  | 70900 | 5417469 |
| Builders FirstSource, Inc. (a) | 230235 | 14718924 |
| Carlisle Companies, Inc.  | 16100 | 4236071 |
| Carrier Global Corp.  | 210800 | 9342656 |
| Fortune Brands Home & Security, Inc.  | 84100 | 5495094 |
| Johnson Controls International PLC  | 461951 | 30692024 |
| Resideo Technologies, Inc. (a) | 85200 | 1380240 |
| Simpson Manufacturing Co. Ltd.  | 54700 | 5089835 |
| The AZEK Co., Inc. (a) | 164700 | 3185298 |
| Trane Technologies PLC  | 107200 | 19126624 |
| UFP Industries, Inc.  | 61726 | 5052890 |
|  |  | 109083225 |
| Chemicals - 1.0%  |  |  |
| Specialty Chemicals - 1.0% |  |  |
| PPG Industries, Inc.  | 10700 | 1446854 |
| Sherwin-Williams Co.  | 15100 | 3762618 |
|  |  | 5209472 |
| Construction & Engineering - 7.8%  |  |  |
| Construction & Engineering - 7.8% |  |  |
| Comfort Systems U.S.A., Inc.  | 25529 | 3236056 |
| EMCOR Group, Inc.  | 23470 | 3635503 |
| Fluor Corp. (a) | 86300 | 2900543 |
| Granite Construction, Inc. (b) | 102318 | 3685494 |
| Quanta Services, Inc.  | 66599 | 9981858 |
| Willscot Mobile Mini Holdings (a) | 306150 | 14759492 |
|  |  | 38198946 |
| Construction Materials - 4.0%  |  |  |
| Construction Materials - 4.0% |  |  |
| Summit Materials, Inc. (a) | 80814 | 2447856 |
| Vulcan Materials Co.  | 93776 | 17191954 |
|  |  | 19639810 |
| Equity Real Estate Investment Trusts (REITs) - 13.3%  |  |  |
| Residential REITs - 13.3% |  |  |
| Elme Communities (SBI)  | 524900 | 10372024 |
| Equity Lifestyle Properties, Inc.  | 126800 | 8422056 |
| Equity Residential (SBI)  | 186800 | 12115848 |
| Essex Property Trust, Inc.  | 9000 | 1983420 |
| Invitation Homes, Inc.  | 536700 | 17512521 |
| Mid-America Apartment Communities, Inc.  | 88900 | 14657832 |
|  |  | 65063701 |
| Household Durables - 10.9%  |  |  |
| Home Furnishings - 1.9% |  |  |
| Tempur Sealy International, Inc.  | 295300 | 9381681 |
| Homebuilding - 8.6% |  |  |
| Blu Investments LLC (a)(c)(d) | 11990913 | 3717 |
| D.R. Horton, Inc.  | 43856 | 3771616 |
| Installed Building Products, Inc. (b) | 63538 | 5396282 |
| KB Home  | 147200 | 4620608 |
| NVR, Inc. (a) | 2451 | 11370214 |
| PulteGroup, Inc.  | 214385 | 9600160 |
| Toll Brothers, Inc.  | 156500 | 7497915 |
|  |  | 42260512 |
| Household Appliances - 0.4% |  |  |
| Whirlpool Corp.  | 11400 | 1670442 |
| TOTAL HOUSEHOLD DURABLES |  | 53312635 |
| IT Services - 0.1%  |  |  |
| Internet Services & Infrastructure - 0.1% |  |  |
| Cyxtera Technologies, Inc. Class A (a) | 200000 | 392000 |
| Real Estate Management & Development - 0.7%  |  |  |
| Diversified Real Estate Activities - 0.3% |  |  |
| The RMR Group, Inc.  | 57760 | 1669842 |
| Real Estate Services - 0.4% |  |  |
| Cushman & Wakefield PLC (a) | 177595 | 2028135 |
| TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT |  | 3697977 |
| Specialty Retail - 38.6%  |  |  |
| Home Improvement Retail - 37.6% |  |  |
| Floor & Decor Holdings, Inc. Class A (a)(b) | 193500 | 14440905 |
| Lowe's Companies, Inc.  | 383095 | 81426842 |
| The Home Depot, Inc.  | 272190 | 88186838 |
|  |  | 184054585 |
| Homefurnishing Retail - 1.0% |  |  |
| Williams-Sonoma, Inc. (b) | 42200 | 4933180 |
| TOTAL SPECIALTY RETAIL |  | 188987765 |
| Trading Companies & Distributors - 1.0%  |  |  |
| Trading Companies & Distributors - 1.0% |  |  |
| Beacon Roofing Supply, Inc. (a) | 82503 | 4817350 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $329,636,783) |  | <br> **488402881** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 5.7%** | &nbsp;&nbsp;**Money Market Funds - 5.7%** | &nbsp;&nbsp;**Money Market Funds - 5.7%** |
|  | Shares | Value ($)<br>|
| Fidelity Cash Central Fund 3.86% (e) | 1916073 | 1916457 |
| Fidelity Securities Lending Cash Central Fund 3.86% (e)(f) | 26147359 | 26149974 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $28,066,431) |  | **28066431** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 105.4%**<br> (Cost $357,703,214)<br>| <br>**516469312** |
| **NET OTHER ASSETS (LIABILITIES) - (5.4)%**  | **(26516371)** |
| **NET ASSETS - 100.0%** | **489952941** |

---

**Legend**

(a) Non-income producing

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

(c) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $3,717 or 0.0% of net assets.

(d) Level 3 security

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

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

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Blu Investments LLC | 5/21/20 | 20739 |

---

**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 ($) | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund 3.86% | 5377678 | 113028095 | 116489316 | 20301 | - | - | 1916457 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 3.86% | 2014150 | 113732303 | 89596479 | 10509 | - | - | 26149974 | 0.1% |
| Total | 7391828 | 226760398 | 206085795 | 30810 | - | - | 28066431 |  |

---

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

Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Select Portfolios

- **b. Investment Company Act file number:** 811-03114

- **c. CIK number of Registrant:** 0000320351

- **d. LEI of Registrant:** Z57125JG1LHEQKDYS630

- **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:** Select Construction and Housing Portfolio

- **b. EDGAR series identifier (if any):** S000007494

- **c. LEI of Series:** 2Q6WCC8M8RGTBPEOTM44

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $516829459.43

**Total Liabilities:** $26341527.37

**Net Assets:** $490487932.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020468 | -6.34%               | 6.26%                | 8.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-930760.28              | $-30047026.36                              |
| Month 2  | $-2338574.14             | $29060005.83                               |
| Month 3  | $155949.41               | $37528036.49                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEMPUR SEALY INTERNATIONAL INC     | TEMPUR SEALY INTERNATIONAL INC                | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    295300 | NS      | $9381681.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO TECHNOLOGIES INC           | RESIDEO TECHNOLOGIES INC                      | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     85200 | NS      | $1380240.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK CO INC/THE                    | AZEK CO INC                                   | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |    164700 | NS      | $3185298.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUNE BRANDS HOME and SEC INC    | FORTUNE BRANDS HOME and SEC INC               | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     84100 | NS      | $5495094.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                            | KB HOME                                       | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    147200 | NS      | $4620608.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Blu Homes Inc                      | BLU INVESTMENTS LLC PP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  11990913 | NS      | $3717.18      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARLISLE COS INC                   | CARLISLE COS INC                              | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     16100 | NS      | $4236071.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SVCS INC                    | QUANTA SVCS INC                               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     65899 | NS      | $9876942.12   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC            | COMFORT SYSTEMS USA INC                       | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     25529 | NS      | $3236056.04   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP                | CARRIER GLOBAL CORP                           | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    210800 | NS      | $9342656.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE ENTERPRISES INC.            | APOGEE ENTERPRISES INC                        | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |    110800 | NS      | $5346100.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COS INC                      | LOWES COS INC                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    383795 | NS      | $81575627.25  | 16.63%            |  |  |  | No            |                  1 | On Loan: No      |
| RMR GROUP INC                      | RMR GROUP INC W/I                             | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |     57760 | NS      | $1669841.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN and WAKEFIELD PLC          | CUSHMAN and WAKEFIELD PLC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    177595 | NS      | $2028134.90   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                | VULCAN MATERIALS CO                           | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     93776 | NS      | $17191954.08  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC                      | DR HORTON INC                                 | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     43856 | NS      | $3771616.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDUSTRIES INC                 | UFP INDUSTRIES INC                            | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     61726 | NS      | $5052890.36   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                     | HOME DEPOT INC                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    275890 | NS      | $89385601.10  | 18.22%            |  |  |  | No            |                  1 | On Loan: No      |
| BEACON ROOFING SUPPLY INC          | BEACON ROOFING SUPPLY INC                     | CUSIP: 073685109<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |     82503 | NS      | $4817350.17   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                 | PPG INDUSTRIES INC                            | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     10700 | NS      | $1446854.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MANUFACTURING CO           | SIMPSON MANUFACTURING CO                      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     54700 | NS      | $5089835.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROS INC                      | TOLL BROTHERS INC                             | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |    156500 | NS      | $7497915.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                 | EQUITY RESIDENTIAL REIT                       | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    199700 | NS      | $12952542.00  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS INC    | INSTALLED BUILDING PRODUCTS INC               | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     63538 | NS      | $5396282.34   | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| GRANITE CONSTRUCTION INC           | GRANITE CONSTRUCTION INC                      | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |    102318 | NS      | $3685494.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| FLOOR and DECOR HOLDINGS INC       | FLOOR and DECOR HOLDINGS INC                  | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    193500 | NS      | $14440905.00  | 2.94%             |  |  |  | No            |                  1 | On Loan: —       |
| PULTE GROUP INC                    | PULTEGROUP INC                                | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214385 | NS      | $9600160.30   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMSTRONG WORLD INDUSTRIES INC     | ARMSTRONG WORLD INDUSTRIES INC                | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     70900 | NS      | $5417469.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                    | EMCOR GROUP INC                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     23470 | NS      | $3635503.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                     | WHIRLPOOL CORP                                | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     11400 | NS      | $1670442.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR INC                            | NVR INC                                       | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |      2303 | NS      | $10683640.03  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC               | INVITATION HOMES INC                          | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    530600 | NS      | $17313478.00  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN WILLIAMS CO                | SHERWIN WILLIAMS CO                           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     15100 | NS      | $3762618.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MATERIALS INC               | SUMMIT MATERIALS INC CL A                     | CUSIP: 86614U100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80814 | NS      | $2447856.06   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                   | ELME COMMUNITIES                              | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |    519900 | NS      | $10273224.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APT CMNTYS INC         | MID AMERICA APT CMNTY INC                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     94300 | NS      | $15548184.00  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORP NEW                     | FLUOR CORP                                    | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     86300 | NS      | $2900543.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust       | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1916073 | NS      | $1916456.55   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC             | TRANE TECHNOLOGIES PLC                        | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |    107200 | NS      | $19126624.00  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA INC                | WILLIAMS-SONOMA INC                           | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     42200 | NS      | $4933180.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| BUILDERS FIRSTSOURCE INC           | BUILDERS FIRSTSOURCE                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    230235 | NS      | $14718923.55  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES INC    | EQUITY LIFESTYLE PPTYS INC                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    126800 | NS      | $8422056.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust       | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  26018000 | NS      | $26020602.00  | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLSCOT MOBILE MINI HOLDINGS CORP | WILLSCOT MOBILE MINI HOLDINGS CORP            | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    302050 | NS      | $14561830.50  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CYXTERA TECHNOLOGIES INC           | CYXTERA TECHNOLOGIES INC A                    | CUSIP: 23284C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $392000.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC | JOHNSON CONTROLS INTERNATIONAL PLC            | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |    461951 | NS      | $30692024.44  | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer