# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-002112
**Filing Date:** 2025-11
**Character Count:** 57704
**Document Hash:** 9a8cc24b177b0c6bca4614b4341caf91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002112.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000035402-25-002112

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251519333

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

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

## Series and Classes Contracts Data

### Fidelity Enhanced Large Cap Growth ETF (Series ID: S000081805)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000244836 | Fidelity Enhanced Large Cap Growth ETF | FELG            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Enhanced Large Cap Growth ETF**

**September 30, 2025**

LGG-NPRT1-1125

1.9910061.102 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 98.9%** | &nbsp;&nbsp;**Common Stocks - 98.9%** | &nbsp;&nbsp;**Common Stocks - 98.9%** |
|  | Shares | Value ($)<br>|
| NETHERLANDS - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| NXP Semiconductors NV  | 2171 | 494402 |
| UNITED STATES - 98.9%  |  |  |
| Communication Services - 13.2% |  |  |
| Entertainment - 3.4% |  |  |
| Electronic Arts Inc  | 131543 | 26532223 |
| Netflix Inc (b) | 78521 | 94140397 |
| ROBLOX Corp Class A (b) | 252203 | 34935160 |
|  |  | 155607780 |
| Interactive Media & Services - 9.8% |  |  |
| Alphabet Inc Class A  | 510354 | 124067057 |
| Alphabet Inc Class C  | 512899 | 124916552 |
| Meta Platforms Inc Class A  | 258903 | 190133185 |
|  |  | 439116794 |
| TOTAL COMMUNICATION SERVICES |  | 594724574 |
| Consumer Discretionary - 13.7% |  |  |
| Automobiles - 4.4% |  |  |
| Tesla Inc (b) | 442044 | 196585808 |
| Broadline Retail - 4.1% |  |  |
| Amazon.com Inc (b) | 830869 | 182433906 |
| Hotels, Restaurants & Leisure - 2.3% |  |  |
| Airbnb Inc Class A (b) | 239306 | 29056535 |
| Booking Holdings Inc  | 8323 | 44938124 |
| DoorDash Inc Class A (b) | 2 | 544 |
| DraftKings Inc Class A (b) | 201057 | 7519532 |
| Expedia Group Inc Class A  | 53448 | 11424510 |
| Las Vegas Sands Corp  | 201603 | 10844225 |
| Rush Street Interactive Inc Class A (b) | 17391 | 356168 |
|  |  | 104139638 |
| Household Durables - 0.2% |  |  |
| Garmin Ltd  | 28662 | 7057158 |
| Specialty Retail - 2.6% |  |  |
| Abercrombie & Fitch Co Class A (b) | 197378 | 16885688 |
| Home Depot Inc/The  | 161581 | 65471006 |
| TJX Cos Inc/The  | 240132 | 34708679 |
|  |  | 117065373 |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Tapestry Inc  | 59818 | 6772593 |
| TOTAL CONSUMER DISCRETIONARY |  | 614054476 |
| Consumer Staples - 0.8% |  |  |
| Consumer Staples Distribution & Retail - 0.8% |  |  |
| Costco Wholesale Corp  | 37749 | 34941607 |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Marathon Petroleum Corp  | 12346 | 2379568 |
| Financials - 6.0% |  |  |
| Capital Markets - 1.4% |  |  |
| Charles Schwab Corp/The  | 259513 | 24775706 |
| Robinhood Markets Inc Class A (b) | 185232 | 26521518 |
| SEI Investments Co  | 145428 | 12339566 |
|  |  | 63636790 |
| Consumer Finance - 0.0% |  |  |
| FirstCash Holdings Inc  | 4927 | 780535 |
| Financial Services - 3.9% |  |  |
| Fiserv Inc (b) | 13974 | 1801668 |
| Mastercard Inc Class A  | 154340 | 87790135 |
| Remitly Global Inc (b) | 236745 | 3858944 |
| Toast Inc Class A (b) | 595749 | 21750796 |
| Visa Inc Class A  | 170600 | 58239428 |
|  |  | 173440971 |
| Insurance - 0.7% |  |  |
| Marsh & McLennan Cos Inc  | 40498 | 8161562 |
| Progressive Corp/The  | 95902 | 23682999 |
|  |  | 31844561 |
| TOTAL FINANCIALS |  | 269702857 |
| Health Care - 7.6% |  |  |
| Biotechnology - 4.1% |  |  |
| AbbVie Inc  | 347967 | 80568280 |
| ACADIA Pharmaceuticals Inc (b) | 454683 | 9702935 |
| Exelixis Inc (b) | 596088 | 24618434 |
| Gilead Sciences Inc  | 240528 | 26698608 |
| Incyte Corp (b) | 267399 | 22678109 |
| Insmed Inc (b) | 3194 | 459968 |
| Natera Inc (b) | 28511 | 4589416 |
| PTC Therapeutics Inc (b) | 241668 | 14831165 |
|  |  | 184146915 |
| Health Care Equipment & Supplies - 0.4% |  |  |
| Insulet Corp (b) | 56754 | 17521662 |
| Intuitive Surgical Inc (b) | 1143 | 511184 |
|  |  | 18032846 |
| Health Care Providers & Services - 0.1% |  |  |
| Option Care Health Inc (b) | 310954 | 8632083 |
| Life Sciences Tools & Services - 0.5% |  |  |
| Illumina Inc (b) | 233171 | 22144250 |
| Pharmaceuticals - 2.5% |  |  |
| Bristol-Myers Squibb Co  | 554238 | 24996134 |
| Eli Lilly & Co  | 81229 | 61977727 |
| Merck & Co Inc  | 276323 | 23191789 |
|  |  | 110165650 |
| TOTAL HEALTH CARE |  | 343121744 |
| Industrials - 7.0% |  |  |
| Aerospace & Defense - 2.0% |  |  |
| Axon Enterprise Inc (b) | 42137 | 30239197 |
| GE Aerospace  | 196299 | 59050665 |
|  |  | 89289862 |
| Building Products - 0.6% |  |  |
| A O Smith Corp  | 33787 | 2480304 |
| Armstrong World Industries Inc  | 61906 | 12134195 |
| Trane Technologies PLC  | 30190 | 12738972 |
|  |  | 27353471 |
| Commercial Services & Supplies - 0.7% |  |  |
| Cintas Corp  | 150149 | 30819584 |
| Republic Services Inc  | 3 | 688 |
|  |  | 30820272 |
| Construction & Engineering - 0.9% |  |  |
| Comfort Systems USA Inc  | 17721 | 14623015 |
| EMCOR Group Inc  | 37531 | 24377886 |
| Valmont Industries Inc  | 2066 | 801050 |
|  |  | 39801951 |
| Electrical Equipment - 0.0% |  |  |
| Acuity Inc  | 960 | 330613 |
| GE Vernova Inc  | 730 | 448877 |
|  |  | 779490 |
| Ground Transportation - 1.9% |  |  |
| CSX Corp  | 314498 | 11167824 |
| Lyft Inc Class A (b) | 1061587 | 23365530 |
| Uber Technologies Inc (b) | 510161 | 49980473 |
| Union Pacific Corp  | 4270 | 1009300 |
|  |  | 85523127 |
| Industrial Conglomerates - 0.3% |  |  |
| Honeywell International Inc  | 67380 | 14183490 |
| Professional Services - 0.1% |  |  |
| Paylocity Holding Corp (b) | 17817 | 2837714 |
| Trading Companies & Distributors - 0.5% |  |  |
| Applied Industrial Technologies Inc  | 2470 | 644793 |
| Ferguson Enterprises Inc  | 57094 | 12822171 |
| WW Grainger Inc  | 9662 | 9207500 |
|  |  | 22674464 |
| TOTAL INDUSTRIALS |  | 313263841 |
| Information Technology - 50.0% |  |  |
| IT Services - 0.2% |  |  |
| Okta Inc Class A (b) | 108926 | 9988514 |
| Semiconductors & Semiconductor Equipment - 20.1% |  |  |
| Advanced Micro Devices Inc (b) | 14211 | 2299198 |
| Astera Labs Inc (b) | 6781 | 1327720 |
| Broadcom Inc  | 697004 | 229948590 |
| Cirrus Logic Inc (b) | 148180 | 18565472 |
| Credo Technology Group Holding Ltd (b) | 39879 | 5806781 |
| Lam Research Corp  | 44828 | 6002469 |
| NVIDIA Corp  | 3251875 | 606734838 |
| QUALCOMM Inc  | 169014 | 28117169 |
|  |  | 898802237 |
| Software - 17.7% |  |  |
| Adobe Inc (b) | 122807 | 43320169 |
| AppLovin Corp Class A (b) | 31404 | 22565030 |
| Atlassian Corp Class A (b) | 157375 | 25132788 |
| Autodesk Inc (b) | 39059 | 12407873 |
| Docusign Inc (b) | 224323 | 16171445 |
| HubSpot Inc (b) | 5298 | 2478404 |
| Intuit Inc  | 5153 | 3519035 |
| Microsoft Corp  | 945523 | 489733638 |
| Oracle Corp  | 156854 | 44113619 |
| Palantir Technologies Inc Class A (b) | 434956 | 79344674 |
| RingCentral Inc Class A (b) | 28439 | 805961 |
| Salesforce Inc  | 104535 | 24774795 |
| Servicenow Inc (b) | 3717 | 3420681 |
| Tenable Holdings Inc (b) | 11874 | 346245 |
| Workday Inc Class A (b) | 14509 | 3492752 |
| Zoom Communications Inc Class A (b) | 265204 | 21879330 |
|  |  | 793506439 |
| Technology Hardware, Storage & Peripherals - 12.0% |  |  |
| Apple Inc  | 2043064 | 520225386 |
| NetApp Inc  | 150574 | 17836996 |
|  |  | 538062382 |
| TOTAL INFORMATION TECHNOLOGY |  | 2240359572 |
| Materials - 0.5% |  |  |
| Chemicals - 0.5% |  |  |
| Ecolab Inc  | 85276 | 23353685 |
| Real Estate - 0.0% |  |  |
| Real Estate Management & Development - 0.0% |  |  |
| Compass Inc Class A (b) | 228385 | 1833931 |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| NRG Energy Inc  | 11868 | 1922023 |
| TOTAL UNITED STATES |  | 4439657878 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $2,715,935,036) |  | <br> **4440152280** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.2%** |
|  | Yield (%) (c) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 10/23/2025  | 4.29 | 2230000 | 2224511 |
| US Treasury Bills 0% 11/13/2025  | 4.16 | 2400000 | 2388484 |
| US Treasury Bills 0% 11/20/2025  | 4.14 | 980000 | 974596 |
| US Treasury Bills 0% 12/18/2025 (d) | 3.89 | 260000 | 257822 |
| US Treasury Bills 0% 12/4/2025 (d) | 4.06 | 2270000 | 2254270 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $8,098,431) |  |  | **8099683** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.9%** | &nbsp;&nbsp;**Money Market Funds - 0.9%** | &nbsp;&nbsp;**Money Market Funds - 0.9%** | &nbsp;&nbsp;**Money Market Funds - 0.9%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $40,461,615)<br>| 4.21 | 40453525 | **40461615** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.0%**<br> (Cost $2,764,495,082)<br>| <br>**4488713578** |
| **NET OTHER ASSETS (LIABILITIES) - 0.0%**  | **313786** |
| **NET ASSETS - 100.0%** | **4489027364** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Contracts |  |  |  |  |  |
| CME E-Mini S&P 500 Index Contracts (United States) | 119 | 12/19/2025 | 40095563 | 534313 | 534313 |
| The notional amount of futures purchased as a percentage of Net Assets is 0.9% | The notional amount of futures purchased as a percentage of Net Assets is 0.9% | The notional amount of futures purchased as a percentage of Net Assets is 0.9% | The notional amount of futures purchased as a percentage of Net Assets is 0.9% | The notional amount of futures purchased as a percentage of Net Assets is 0.9% | The notional amount of futures purchased as a percentage of Net Assets is 0.9% |

---

**Legend**

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

(b) Non-income producing.

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

(d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,447,542.

(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.

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 74098473 | 178999580 | 212636459 | 568663 | 21 | - | 40461615 | 40453525 | 0.1% |
| Fidelity Securities Lending Cash Central Fund | 1044900 | 78065483 | 79110383 | 220 | - | - | - | - | 0.0% |
| Total | 75143373 | 257065063 | 291746842 | 568883 | 21 | - | 40461615 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Enhanced Large Cap Growth ETF

- **b. EDGAR series identifier (if any):** S000081805

- **c. LEI of Series:** 254900KYAE0AQL84TM76

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4477337799.29

**Total Liabilities:** $656769.54

**Net Assets:** $4476681029.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244836 | 3.12%                | 1.83%                | 5.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28072927.21             | $85790771.86                               |
| Month 2  | $21455424.59             | $49371118.90                               |
| Month 3  | $92157747.55             | $154793368.08                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TAPESTRY INC                        | TAPESTRY INC                       | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     59656 | NS      | $6754252.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS INC                        | EXELIXIS INC                       | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    594450 | NS      | $24550785.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP               | COSTCO WHOLESALE CORP              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     37647 | NS      | $34847192.61  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                            | CSX CORP                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    313634 | NS      | $11137143.34  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN INC                        | DOCUSIGN INC                       | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |    223708 | NS      | $16127109.72  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH INC              | OPTION CARE HEALTH INC             | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    310102 | NS      | $8608431.52   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                          | ABBVIE INC                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    347013 | NS      | $80347390.02  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                      | GE VERNOVA INC                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       730 | NS      | $448877.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                           | APPLE INC                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   2037448 | NS      | $518795384.24 | 11.59%            |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES INC          | ADVANCED MICRO DEVICES INC         | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     14172 | NS      | $2292887.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                      | AMAZON.COM INC                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    828586 | NS      | $181932628.02 | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                      | MICROSOFT CORP                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    942925 | NS      | $488388003.75 | 10.91%            |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                      | SERVICENOW INC                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3708 | NS      | $3412398.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC               | ROBINHOOD MARKETS INC              | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    184725 | NS      | $26448925.50  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                   | LAM RESEARCH CORP                  | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     44705 | NS      | $5985999.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                        | ALPHABET INC CL C                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    511489 | NS      | $124573145.95 | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                 | AXON ENTERPRISE INC                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     42023 | NS      | $30157385.72  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP OHIO               | PROGRESSIVE CORP OHIO              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     95641 | NS      | $23618544.95  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                            | VISA INC CL A                      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    170132 | NS      | $58079662.16  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI INVESTMENTS CO                  | SEI INV CORP                       | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    145029 | NS      | $12305710.65  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO             | BRISTOL-MYERS SQUIBB CO            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    552717 | NS      | $24927536.70  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                           | ADOBE INC                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    122471 | NS      | $43201645.25  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC                          | ACUITY INC                         | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       960 | NS      | $330614.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                           | UST BILLS 0% 12/04/2025            | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2270000 | PA      | $2254269.90   | 0.05%             | 2025-12-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORP PLC                  | ATLASSIAN CORP PLC CLS A           | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |    156943 | NS      | $25063797.10  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                  | META PLATFORMS INC CL A            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    258192 | NS      | $189611040.96 | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC                          | INTUIT INC                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      5141 | NS      | $3510840.31   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP                 | SCHWAB CHARLES CORP                | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    258802 | NS      | $24707826.94  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC         | HONEYWELL INTL INC                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     67197 | NS      | $14144968.50  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC           | PALANTIR TECHNOLOGIES INC          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    433762 | NS      | $79126864.04  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LYFT INC                            | LYFT INC                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |   1058671 | NS      | $23301348.71  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC             | COMFORT SYSTEMS USA INC            | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     17673 | NS      | $14583406.14  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA INC                        | ILLUMINA INC                       | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |    232532 | NS      | $22083564.04  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| REMITLY GLOBAL INC                  | REMITLY GLOBAL INC                 | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    236097 | NS      | $3848381.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC                 | ELECTRONIC ARTS INC                | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    131183 | NS      | $26459611.10  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK INC                        | AUTODESK INC                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     38954 | NS      | $12374517.18  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK and CO INC                    | MERCK and CO INC NEW               | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    275564 | NS      | $23128086.52  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV               | NXP SEMICONDUCTORS NV              | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      2171 | NS      | $494401.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYLOCITY HOLDING CORPORATION       | PAYLOCITY HOLDING CORP             | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     17769 | NS      | $2830068.63   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTCASH HOLDINGS INC              | FIRSTCASH HOLDINGS INC             | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4915 | NS      | $778634.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                         | ORACLE CORP                        | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    156425 | NS      | $43992967.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                  | UNION PACIFIC CORP                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4261 | NS      | $1007172.57   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS INC                         | COMPASS INC                        | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    227758 | NS      | $1828896.74   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTERA LABS INC                     | ASTERA LABS INC                    | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |      6781 | NS      | $1327719.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                      | HOME DEPOT INC                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    161137 | NS      | $65291101.03  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                      | NRG ENERGY INC                     | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     11838 | NS      | $1917164.10   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                   | TJX COMPANIES INC NEW              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    239472 | NS      | $34613282.88  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                       | APPLOVIN CORP                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     31320 | NS      | $22504672.80  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH and MCLENNAN COS INC          | MARSH and MCLENNAN COS INC         | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     40387 | NS      | $8139192.11   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TENABLE HOLDINGS INC                | TENABLE HOLDINGS INC               | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     11844 | NS      | $345371.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                           | TESLA INC                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    440829 | NS      | $196045472.88 | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA PHARMACEUTICALS INC          | ACADIA PHARMACEUTICALS INC         | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |    453435 | NS      | $9676302.90   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VALMONT INDUSTRIES INC              | VALMONT INDUSTRIES INC             | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      2063 | NS      | $799886.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT INC                         | HUBSPOT INC                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      5286 | NS      | $2472790.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OKTA INC                            | OKTA INC CL A                      | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |    108629 | NS      | $9961279.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                         | CINTAS CORP                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149738 | NS      | $30735221.88  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED INDUSTRIAL TECHNOLOGIES INC | APPLIED INDUSTRIAL TECH INC        | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      2464 | NS      | $643227.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                | THE BOOKING HOLDINGS INC           | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      8302 | NS      | $44824739.54  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SMITH (AO) CORP                     | SMITH (AO) CORP                    | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     33697 | NS      | $2473696.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORP                         | INCYTE CORP                        | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |    266664 | NS      | $22615773.84  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                          | FISERV INC                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     13938 | NS      | $1797026.34   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY and CO                    | ELI LILLY and CO                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     81007 | NS      | $61808341.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST INC                           | TOAST INC                          | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    594114 | NS      | $21691102.14  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMSTRONG WORLD INDUSTRIES INC      | ARMSTRONG WORLD INDUSTRIES INC     | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     61738 | NS      | $12101265.38  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ABERCROMBIE and FITCH CO            | ABERCROMBIE and FITCH CO CL A      | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |    196838 | NS      | $16839490.90  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP INC                     | EMCOR GROUP INC                    | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     37429 | NS      | $24311632.66  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                        | GE AEROSPACE                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    195762 | NS      | $58889124.84  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                        | BROADCOM INC                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    695090 | NS      | $229317141.90 | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                        | QUALCOMM INC                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    168552 | NS      | $28040310.72  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP             | MARATHON PETROLEUM CORP            | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     12313 | NS      | $2373207.62   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                           | UST BILLS 0% 10/23/2025            | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2230000 | PA      | $2224511.41   | 0.05%             | 2025-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| INTUITIVE SURGICAL INC              | INTUITIVE SURGICAL INC             | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1140 | NS      | $509842.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                      | SALESFORCE INC                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    104250 | NS      | $24707250.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust        | Fidelity Cash Central Fund         | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  40453525 | NS      | $40461615.33  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                           | UST BILLS 0% 11/20/2025            | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    980000 | PA      | $974596.39    | 0.02%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TRANE TECHNOLOGIES PLC              | TRANE TECHNOLOGIES PLC             | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     30109 | NS      | $12704793.64  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                   | EXPEDIA INC                        | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     53304 | NS      | $11393730.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC                        | DOORDASH INC                       | CUSIP: 25809K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         2 | NS      | $543.98       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC INC.                   | CIRRUS LOGIC INC                   | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |    147775 | NS      | $18514729.75  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DRAFTKINGS INC                      | DRAFTKINGS HOLDINGS INC            | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    200505 | NS      | $7498887.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSH STREET INTERACTIVE INC         | RUSH STREET INTERACTIVE INC        | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17346 | NS      | $355246.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                          | NATERA INC                         | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28433 | NS      | $4576860.01   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC         | S and P500 EMINI FUT DEC25 ESZ5    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |       115 | NC      | $534321.51    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC THERAPEUTICS INC                | PTC THERAPEUTICS INC               | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |    241005 | NS      | $14790476.85  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                           | UST BILLS 0% 12/18/2025            | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $257821.70    | 0.01%             | 2025-12-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                         | NETFLIX INC                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     78308 | NS      | $93885027.36  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GARMIN LTD                          | GARMIN LTD                         | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |     28584 | NS      | $7037952.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                          | ECOLAB INC                         | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     85042 | NS      | $23289602.12  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                         | ROBLOX CORP                        | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    251510 | NS      | $34839165.20  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                         | NVIDIA CORP                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   3242935 | NS      | $605066812.30 | 13.52%            |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                      | MASTERCARD INC CL A                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    153917 | NS      | $87549528.77  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS INC             | ZOOM COMMUNICATIONS INC CL A       | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |    264475 | NS      | $21819187.50  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY INC                         | WORKDAY INC CL A                   | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     14470 | NS      | $3483363.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB INC                          | AIRBNB INC CLASS A                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |    238649 | NS      | $28976761.58  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INC                          | INSMED INC                         | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      3188 | NS      | $459103.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAINGER (W.W.) INC                 | WW GRAINGER INC                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      9638 | NS      | $9184628.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                           | UST BILLS 0% 11/13/2025            | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2400000 | PA      | $2388483.46   | 0.05%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                 | GILEAD SCIENCES INC                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    239868 | NS      | $26625348.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                          | NETAPP INC                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |    150163 | NS      | $17788308.98  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDO TECHNOLOGY GROUP HOLDING LTD  | CREDO TECHNOLOGY GROUP HOLDING LTD | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     39771 | NS      | $5791055.31   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| INSULET CORP                        | INSULET CORP                       | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     56598 | NS      | $17473500.54  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL INC                     | RINGCENTRAL INC CL A               | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     28361 | NS      | $803750.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP                | LAS VEGAS SANDS CORP               | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    201051 | NS      | $10814533.29  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC               | REPUBLIC SERVICES INC              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |         3 | NS      | $688.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                        | ALPHABET INC CL A                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    508953 | NS      | $123726474.30 | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC               | UBER TECHNOLOGIES INC              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    508760 | NS      | $49843217.20  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC            | FERGUSON ENTERPRISES INC           | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     56938 | NS      | $12787136.04  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer