# EDGAR Filing Document

**Accession Number:** 0001364924
**File Stem:** 0000035402-25-001477
**Filing Date:** 2025-10
**Character Count:** 172250
**Document Hash:** 7d33d201c1bdcafe5d56c80c1137077e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-001477.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000035402-25-001477

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Rutland Square Trust II
- **CENTRAL INDEX KEY:** 0001364924

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21991
- **FILM NUMBER:** 251424538

**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

### Strategic Advisers Fidelity Emerging Markets Fund (Series ID: S000063170)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000204787 | Strategic Advisers Fidelity Emerging Markets Fund | FGOMX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Strategic Advisers® Fidelity® Emerging Markets Fund**

*Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public*

**August 31, 2025**

STE-NPRT1-1025

1.9890710.106 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 56.7%** | &nbsp;&nbsp;**Common Stocks - 56.7%** | &nbsp;&nbsp;**Common Stocks - 56.7%** |
|  | Shares | Value ($)<br>|
| BRAZIL - 2.4%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Broadline Retail - 0.1% |  |  |
| MercadoLibre Inc (b) | 8400 | 20772444 |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| Azzas 2154 SA  | 807800 | 5171434 |
| TOTAL CONSUMER DISCRETIONARY |  | 25943878 |
| Energy - 0.4% |  |  |
| Oil, Gas & Consumable Fuels - 0.4% |  |  |
| Petroleo Brasileiro SA - Petrobras  | 1387850 | 8639106 |
| Petroleo Brasileiro SA - Petrobras ADR (c) | 3774126 | 46799163 |
| PRIO SA/Brazil (b) | 7807888 | 54535761 |
|  |  | 109974030 |
| Financials - 1.2% |  |  |
| Banks - 0.8% |  |  |
| Inter & Co Inc depository receipt  | 1233537 | 10511063 |
| Itau Unibanco Holding SA  | 10401602 | 73841523 |
| NU Holdings Ltd/Cayman Islands Class A (b) | 9608305 | 142202915 |
|  |  | 226555501 |
| Capital Markets - 0.4% |  |  |
| Banco BTG Pactual SA unit  | 12276834 | 101577648 |
| XP Inc Class A  | 491100 | 8908554 |
|  |  | 110486202 |
| TOTAL FINANCIALS |  | 337041703 |
| Health Care - 0.1% |  |  |
| Health Care Providers & Services - 0.1% |  |  |
| Hapvida Participacoes e Investimentos S/A (b)(d)(e) | 1988467 | 15297170 |
| Industrials - 0.0% |  |  |
| Ground Transportation - 0.0% |  |  |
| Localiza Rent a Car SA  | 1626005 | 10748363 |
| Information Technology - 0.1% |  |  |
| Software - 0.1% |  |  |
| TOTVS SA  | 2648800 | 21056149 |
| Materials - 0.4% |  |  |
| Metals & Mining - 0.4% |  |  |
| Gerdau SA ADR  | 17494942 | 53884421 |
| Vale SA ADR  | 7172652 | 73734863 |
|  |  | 127619284 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| Centrais Eletricas Brasileiras SA  | 1917600 | 15922674 |
| Equatorial Energia SA  | 2906800 | 19606164 |
|  |  | 35528838 |
| TOTAL BRAZIL |  | 683209415 |
| CANADA - 0.1%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Cameco Corp  | 284600 | 22016168 |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| Torex Gold Resources Inc (b) | 257625 | 8593440 |
| TOTAL CANADA |  | 30609608 |
| CHILE - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Antofagasta PLC  | 2336800 | 67748085 |
| CHINA - 17.3%  |  |  |
| Communication Services - 5.3% |  |  |
| Entertainment - 0.9% |  |  |
| NetEase Cloud Music Inc (b)(d)(e) | 535550 | 19194749 |
| Netease Inc  | 1430620 | 38979371 |
| Netease Inc ADR  | 228141 | 31070523 |
| Tencent Music Entertainment Group A Shares  | 7572668 | 93595960 |
| Tencent Music Entertainment Group Class A ADR  | 3162759 | 77550851 |
|  |  | 260391454 |
| Interactive Media & Services - 4.4% |  |  |
| Kuaishou Technology B Shares (b)(d)(e) | 2475100 | 23923903 |
| Tencent Holdings Ltd  | 15650753 | 1212064870 |
|  |  | 1235988773 |
| TOTAL COMMUNICATION SERVICES |  | 1496380227 |
| Consumer Discretionary - 4.9% |  |  |
| Automobile Components - 0.2% |  |  |
| Fuyao Glass Industry Group Co Ltd A Shares (China)  | 326700 | 3007814 |
| Fuyao Glass Industry Group Co Ltd H Shares (d)(e) | 813600 | 7180512 |
| Hesai Group ADR (b) | 1043764 | 26897798 |
| Minth Group Ltd  | 3792000 | 15993966 |
| Zhejiang Shuanghuan Driveline Co Ltd A Shares (China)  | 2573100 | 13429642 |
|  |  | 66509732 |
| Automobiles - 0.4% |  |  |
| BYD Co Ltd H Shares  | 8463623 | 119403260 |
| Broadline Retail - 2.8% |  |  |
| Alibaba Group Holding Ltd  | 13690692 | 226685955 |
| Alibaba Group Holding Ltd ADR  | 1473735 | 198954225 |
| JD.com Inc ADR  | 1621616 | 50383609 |
| PDD Holdings Inc Class A ADR (b) | 2345513 | 281977573 |
|  |  | 758001362 |
| Diversified Consumer Services - 0.1% |  |  |
| New Oriental Education & Technology Group Inc  | 192020 | 918802 |
| TAL Education Group Class A ADR (b) | 3777000 | 40111740 |
|  |  | 41030542 |
| Hotels, Restaurants & Leisure - 1.0% |  |  |
| H World Group Ltd  | 261480 | 977898 |
| H World Group Ltd ADR  | 249200 | 9183020 |
| Meituan B Shares (b)(d)(e) | 7764816 | 103419122 |
| Shangri-La Asia Ltd  | 34390426 | 20160894 |
| Trip.com Group Ltd  | 1192721 | 88293987 |
| Trip.com Group Ltd ADR  | 514960 | 37978300 |
| Yum China Holdings Inc  | 502800 | 22485216 |
|  |  | 282498437 |
| Household Durables - 0.2% |  |  |
| Haier Smart Home Co Ltd A Shares (China)  | 14338141 | 52808751 |
| Haier Smart Home Co Ltd H Shares  | 4405400 | 14828773 |
| Midea Group Co Ltd A Shares (China)  | 240458 | 2485340 |
|  |  | 70122864 |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| ANTA Sports Products Ltd  | 3710400 | 45692823 |
| Bosideng International Holdings Ltd  | 21974000 | 12656438 |
| Li Ning Co Ltd  | 2440000 | 5912590 |
|  |  | 64261851 |
| TOTAL CONSUMER DISCRETIONARY |  | 1401828048 |
| Consumer Staples - 0.4% |  |  |
| Beverages - 0.4% |  |  |
| China Resources Beverage Holdings Co Ltd  | 1918200 | 2807602 |
| Eastroc Beverage Group Co Ltd A Shares (China)  | 991700 | 42956750 |
| Kweichow Moutai Co Ltd A Shares (China)  | 248833 | 51695446 |
| Tsingtao Brewery Co Ltd A Shares (China)  | 56182 | 547617 |
| Tsingtao Brewery Co Ltd H Shares  | 430000 | 2788339 |
|  |  | 100795754 |
| Food Products - 0.0% |  |  |
| China Mengniu Dairy Co Ltd  | 1145000 | 2232570 |
| Personal Care Products - 0.0% |  |  |
| Shanghai Chicmax Cosmetic Co Ltd H Shares  | 617400 | 7159638 |
| TOTAL CONSUMER STAPLES |  | 110187962 |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| China Merchants Energy Shipping Co Ltd A Shares (China)  | 4465069 | 4065070 |
| Financials - 2.1% |  |  |
| Banks - 0.8% |  |  |
| Bank of Chengdu Co Ltd A Shares (China)  | 8771270 | 22722319 |
| China Construction Bank Corp H Shares  | 161632690 | 155713104 |
| China Merchants Bank Co Ltd A Shares (China)  | 294500 | 1772420 |
| China Merchants Bank Co Ltd H Shares  | 2688452 | 16553870 |
| Industrial & Commercial Bank of China Ltd H Shares  | 53508805 | 39605645 |
|  |  | 236367358 |
| Capital Markets - 0.0% |  |  |
| Huatai Securities Co Ltd H Shares (d)(e) | 2235200 | 5657173 |
| Insurance - 1.3% |  |  |
| China Life Insurance Co Ltd H Shares  | 57393074 | 176843261 |
| China Pacific Insurance Group Co Ltd H Shares  | 4364400 | 19852687 |
| PICC Property & Casualty Co Ltd H Shares  | 32871000 | 79104607 |
| Ping An Insurance Group Co of China Ltd H Shares  | 10978997 | 79934193 |
|  |  | 355734748 |
| TOTAL FINANCIALS |  | 597759279 |
| Health Care - 1.2% |  |  |
| Biotechnology - 0.2% |  |  |
| BeOne Medicines Ltd H Shares (b) | 1408000 | 33269656 |
| Innovent Biologics Inc (b)(d)(e) | 991000 | 12312020 |
| Zai Lab Ltd ADR (b)(c) | 375672 | 12434743 |
|  |  | 58016419 |
| Health Care Equipment & Supplies - 0.1% |  |  |
| APT Medical Inc A Shares (China)  | 146300 | 5835458 |
| Shanghai Conant Optical Co Ltd H Shares  | 2302738 | 14249770 |
|  |  | 20085228 |
| Life Sciences Tools & Services - 0.4% |  |  |
| Wuxi Apptec Co Ltd H Shares (c)(d)(e) | 9084700 | 125744228 |
| Pharmaceuticals - 0.5% |  |  |
| Hansoh Pharmaceutical Group Co Ltd (d)(e) | 31776192 | 146825532 |
| TOTAL HEALTH CARE |  | 350671407 |
| Industrials - 1.9% |  |  |
| Electrical Equipment - 0.7% |  |  |
| Contemporary Amperex Technology Co Ltd A Shares (China)  | 2845094 | 122085907 |
| Sieyuan Electric Co Ltd A Shares (China)  | 5756706 | 70679158 |
|  |  | 192765065 |
| Ground Transportation - 0.4% |  |  |
| Full Truck Alliance Co Ltd ADR  | 9722984 | 126884941 |
| Machinery - 0.8% |  |  |
| Airtac International Group  | 716000 | 18341303 |
| Huaming Power Equipment Co Ltd A Shares (China)  | 2137900 | 5776447 |
| Neway Valve Suzhou Co Ltd A Shares (China)  | 2941500 | 13699632 |
| Shenzhen Inovance Technology Co Ltd A Shares (China)  | 12133076 | 127712547 |
| Weichai Power Co Ltd A Shares (China)  | 1129400 | 2398710 |
| Weichai Power Co Ltd H Shares  | 1383000 | 2891784 |
| Zhejiang Dingli Machinery Co Ltd A Shares (China)  | 3345200 | 25516282 |
| Zhejiang Sanhua Intelligent Controls Co Ltd H Shares  | 5555800 | 22207521 |
|  |  | 218544226 |
| Passenger Airlines - 0.0% |  |  |
| Spring Airlines Co Ltd A Shares (China)  | 187000 | 1399052 |
| TOTAL INDUSTRIALS |  | 539593284 |
| Information Technology - 1.1% |  |  |
| Communications Equipment - 0.0% |  |  |
| Zhongji Innolight Co Ltd A Shares (China)  | 139967 | 6940656 |
| Electronic Equipment, Instruments & Components - 0.4% |  |  |
| Luxshare Precision Industry Co Ltd A Shares (China)  | 8465700 | 54523446 |
| Shengyi Technology Co Ltd A Shares (China)  | 2020600 | 15044893 |
| Shennan Circuits Co Ltd A Shares (China)  | 1282300 | 35522925 |
| WUS Printed Circuit Kunshan Co Ltd A Shares (China)  | 567835 | 5444379 |
|  |  | 110535643 |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| Advanced Micro-Fabrication Equipment Inc China A Shares (China)  | 112007 | 3365031 |
| Montage Technology Co Ltd A Shares (China)  | 976400 | 16822177 |
| NAURA Technology Group Co Ltd A Shares (China)  | 470396 | 24552471 |
|  |  | 44739679 |
| Software - 0.0% |  |  |
| Pony AI Inc ADR (c) | 601700 | 8646429 |
| Technology Hardware, Storage & Peripherals - 0.5% |  |  |
| Lenovo Group Ltd  | 2904000 | 4127551 |
| Xiaomi Corp B Shares (b)(d)(e) | 21764607 | 148540190 |
|  |  | 152667741 |
| TOTAL INFORMATION TECHNOLOGY |  | 323530148 |
| Materials - 0.4% |  |  |
| Chemicals - 0.0% |  |  |
| Tianqi Lithium Corp A Shares (China) (b) | 81900 | 504888 |
| Tianqi Lithium Corp H Shares (b) | 391000 | 2039390 |
|  |  | 2544278 |
| Construction Materials - 0.1% |  |  |
| Anhui Conch Cement Co Ltd H Shares  | 4480000 | 14079918 |
| China National Building Material Co Ltd H Shares  | 8352000 | 6042624 |
|  |  | 20122542 |
| Metals & Mining - 0.3% |  |  |
| Baoshan Iron & Steel Co Ltd A Shares (China)  | 5190601 | 5045205 |
| Zhaojin Mining Industry Co Ltd H Shares  | 1063500 | 3287839 |
| Zijin Mining Group Co Ltd H Shares  | 22376608 | 73426161 |
|  |  | 81759205 |
| TOTAL MATERIALS |  | 104426025 |
| Real Estate - 0.0% |  |  |
| Real Estate Management & Development - 0.0% |  |  |
| China Overseas Land & Investment Ltd  | 403000 | 719098 |
| China Resources Land Ltd  | 1757000 | 6887810 |
| KE Holdings Inc A Shares  | 661434 | 3877496 |
|  |  | 11484404 |
| TOTAL CHINA |  | 4939925854 |
| CONGO DEMOCRATIC REPUBLIC OF - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Ivanhoe Mines Ltd Class A (b)(c) | 3061537 | 27063064 |
| COTE D'IVOIRE - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Endeavour Mining PLC  | 1651937 | 57436190 |
| FRANCE - 0.3%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Hermes International SCA  | 11800 | 28865879 |
| Energy - 0.2% |  |  |
| Oil, Gas & Consumable Fuels - 0.2% |  |  |
| Gaztransport Et Technigaz SA  | 288943 | 53882686 |
| TOTAL FRANCE |  | 82748565 |
| GEORGIA - 0.1%  |  |  |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| TBC Bank Group PLC  | 544167 | 32177955 |
| GERMANY - 0.0%  |  |  |
| Health Care - 0.0% |  |  |
| Biotechnology - 0.0% |  |  |
| BioNTech SE ADR (b)(c) | 134100 | 13410000 |
| GREECE - 1.0%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| OPAP SA  | 862000 | 19332059 |
| Financials - 0.9% |  |  |
| Banks - 0.9% |  |  |
| Alpha Bank SA  | 2974300 | 11799412 |
| Eurobank Ergasias Services and Holdings SA  | 27564367 | 101300837 |
| National Bank of Greece SA  | 7432100 | 102859648 |
| Piraeus Financial Holdings SA  | 5233310 | 40500661 |
|  |  | 256460558 |
| TOTAL GREECE |  | 275792617 |
| HONG KONG - 0.6%  |  |  |
| Financials - 0.5% |  |  |
| Capital Markets - 0.4% |  |  |
| Futu Holdings Ltd Class A ADR  | 374924 | 69585894 |
| Hong Kong Exchanges & Clearing Ltd  | 279200 | 16357821 |
|  |  | 85943715 |
| Insurance - 0.1% |  |  |
| AIA Group Ltd  | 3690200 | 35072975 |
| TOTAL FINANCIALS |  | 121016690 |
| Industrials - 0.1% |  |  |
| Building Products - 0.0% |  |  |
| Aux Electric Co Ltd  | 3024800 | 6827454 |
| Machinery - 0.1% |  |  |
| Techtronic Industries Co Ltd  | 2391000 | 30794227 |
| TOTAL INDUSTRIALS |  | 37621681 |
| Information Technology - 0.0% |  |  |
| Electronic Equipment, Instruments & Components - 0.0% |  |  |
| Cowell e Holdings Inc (b) | 1043000 | 4629312 |
| TOTAL HONG KONG |  | 163267683 |
| HUNGARY - 1.1%  |  |  |
| Financials - 0.9% |  |  |
| Banks - 0.9% |  |  |
| OTP Bank Nyrt  | 2699319 | 235266501 |
| Health Care - 0.2% |  |  |
| Pharmaceuticals - 0.2% |  |  |
| Richter Gedeon Nyrt  | 2298113 | 69660126 |
| TOTAL HUNGARY |  | 304926627 |
| INDIA - 6.5%  |  |  |
| Communication Services - 0.4% |  |  |
| Media - 0.0% |  |  |
| Affle 3i Ltd (b) | 521997 | 11303094 |
| Wireless Telecommunication Services - 0.4% |  |  |
| Bharti Airtel Ltd  | 5230818 | 112240693 |
| TOTAL COMMUNICATION SERVICES |  | 123543787 |
| Consumer Discretionary - 0.6% |  |  |
| Automobiles - 0.1% |  |  |
| Eicher Motors Ltd  | 385073 | 26676536 |
| Hotels, Restaurants & Leisure - 0.5% |  |  |
| Eternal Ltd (b) | 30740259 | 109645121 |
| MakeMyTrip Ltd (b)(c) | 409266 | 40415017 |
|  |  | 150060138 |
| TOTAL CONSUMER DISCRETIONARY |  | 176736674 |
| Energy - 0.5% |  |  |
| Oil, Gas & Consumable Fuels - 0.5% |  |  |
| Reliance Industries Ltd  | 8357049 | 128841292 |
| Financials - 2.9% |  |  |
| Banks - 2.2% |  |  |
| Axis Bank Ltd  | 967678 | 11485480 |
| HDFC Bank Ltd/Gandhinagar  | 24903198 | 269078011 |
| HDFC Bank Ltd/Gandhinagar ADR  | 890753 | 63385983 |
| ICICI Bank Ltd  | 10392161 | 164838428 |
| ICICI Bank Ltd ADR  | 2612467 | 82919703 |
| Kotak Mahindra Bank Ltd  | 1096800 | 24420282 |
|  |  | 616127887 |
| Capital Markets - 0.3% |  |  |
| 360 ONE WAM Ltd  | 2856900 | 33045682 |
| Central Depository Services India Ltd (d) | 395183 | 6392587 |
| HDFC Asset Management Co Ltd (d)(e) | 887633 | 55050337 |
|  |  | 94488606 |
| Consumer Finance - 0.2% |  |  |
| Bajaj Finance Ltd  | 4871851 | 48583821 |
| Five-Star Business Finance Ltd  | 2224838 | 13770698 |
|  |  | 62354519 |
| Insurance - 0.2% |  |  |
| HDFC Life Insurance Co Ltd (d)(e) | 4009288 | 35157370 |
| SBI Life Insurance Co Ltd (d)(e) | 808300 | 16561812 |
|  |  | 51719182 |
| TOTAL FINANCIALS |  | 824690194 |
| Health Care - 0.3% |  |  |
| Health Care Providers & Services - 0.3% |  |  |
| Apollo Hospitals Enterprise Ltd  | 58911 | 5092770 |
| Max Healthcare Institute Ltd  | 5318633 | 69712079 |
|  |  | 74804849 |
| Pharmaceuticals - 0.0% |  |  |
| Mankind Pharma Ltd  | 422243 | 11855568 |
| TOTAL HEALTH CARE |  | 86660417 |
| Industrials - 0.9% |  |  |
| Aerospace & Defense - 0.3% |  |  |
| Hindustan Aeronautics Ltd (d) | 1638577 | 80654507 |
| Construction & Engineering - 0.5% |  |  |
| Larsen & Toubro Ltd  | 3823718 | 156285759 |
| Passenger Airlines - 0.0% |  |  |
| InterGlobe Aviation Ltd (d)(e) | 195560 | 12551017 |
| Professional Services - 0.1% |  |  |
| Computer Age Management Services Ltd  | 470400 | 19800474 |
| TOTAL INDUSTRIALS |  | 269291757 |
| Information Technology - 0.4% |  |  |
| IT Services - 0.4% |  |  |
| Infosys Ltd  | 1545061 | 25942983 |
| Tata Consultancy Services Ltd  | 2333054 | 81677597 |
|  |  | 107620580 |
| Materials - 0.3% |  |  |
| Construction Materials - 0.3% |  |  |
| JK Cement Ltd  | 817900 | 64550886 |
| Metals & Mining - 0.0% |  |  |
| Tata Steel Ltd  | 5086709 | 8927634 |
| TOTAL MATERIALS |  | 73478520 |
| Utilities - 0.2% |  |  |
| Electric Utilities - 0.0% |  |  |
| Power Grid Corp of India Ltd  | 4742900 | 14837457 |
| Independent Power and Renewable Electricity Producers - 0.2% |  |  |
| NTPC Ltd  | 14101852 | 52456736 |
| TOTAL UTILITIES |  | 67294193 |
| TOTAL INDIA |  | 1858157414 |
| INDONESIA - 1.0%  |  |  |
| Consumer Staples - 0.1% |  |  |
| Food Products - 0.1% |  |  |
| Indofood CBP Sukses Makmur Tbk PT  | 27361200 | 14896504 |
| Indofood Sukses Makmur Tbk PT  | 48203900 | 21785771 |
|  |  | 36682275 |
| Financials - 0.9% |  |  |
| Banks - 0.9% |  |  |
| Bank Central Asia Tbk PT  | 373421580 | 182942951 |
| Bank Mandiri Persero Tbk PT  | 53330000 | 15284532 |
| Bank Rakyat Indonesia Persero Tbk PT  | 152782413 | 37505391 |
|  |  | 235732874 |
| TOTAL INDONESIA |  | 272415149 |
| ITALY - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Automobiles - 0.1% |  |  |
| Ferrari NV (c) | 33800 | 16129698 |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| Brunello Cucinelli SpA  | 84700 | 9792126 |
| TOTAL ITALY |  | 25921824 |
| KAZAKHSTAN - 0.5%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| NAC Kazatomprom JSC GDR (d) | 497767 | 23146165 |
| Financials - 0.4% |  |  |
| Consumer Finance - 0.4% |  |  |
| Kaspi.KZ JSC ADR  | 1154504 | 108477196 |
| TOTAL KAZAKHSTAN |  | 131623361 |
| KOREA (SOUTH) - 5.4%  |  |  |
| Communication Services - 0.3% |  |  |
| Diversified Telecommunication Services - 0.2% |  |  |
| KT Corp  | 974510 | 37957674 |
| Interactive Media & Services - 0.1% |  |  |
| Kakao Corp  | 197610 | 8860518 |
| Webtoon Entertainment Inc (b)(c) | 1823808 | 26390502 |
|  |  | 35251020 |
| TOTAL COMMUNICATION SERVICES |  | 73208694 |
| Consumer Discretionary - 0.5% |  |  |
| Automobile Components - 0.3% |  |  |
| Hyundai Mobis Co Ltd  | 296140 | 67721790 |
| Automobiles - 0.2% |  |  |
| Hyundai Motor Co  | 164234 | 25891343 |
| Kia Corp  | 437567 | 33154358 |
|  |  | 59045701 |
| Broadline Retail - 0.0% |  |  |
| Coupang Inc Class A (b) | 474000 | 13546920 |
| TOTAL CONSUMER DISCRETIONARY |  | 140314411 |
| Consumer Staples - 0.1% |  |  |
| Tobacco - 0.1% |  |  |
| KT&G Corp  | 388939 | 37672489 |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| KB Financial Group Inc  | 277455 | 21701137 |
| Shinhan Financial Group Co Ltd  | 169690 | 7962571 |
| Woori Financial Group Inc  | 1051453 | 18783811 |
|  |  | 48447519 |
| Capital Markets - 0.0% |  |  |
| Korea Investment Holdings Co Ltd  | 123509 | 11932509 |
| Insurance - 0.0% |  |  |
| Samsung Fire & Marine Insurance Co Ltd  | 21633 | 6894816 |
| TOTAL FINANCIALS |  | 67274844 |
| Health Care - 0.2% |  |  |
| Life Sciences Tools & Services - 0.2% |  |  |
| Samsung Biologics Co Ltd (b)(d)(e) | 79370 | 57038564 |
| Industrials - 0.7% |  |  |
| Aerospace & Defense - 0.4% |  |  |
| Hanwha Aerospace Co Ltd  | 46322 | 29417378 |
| Korea Aerospace Industries Ltd  | 1148466 | 78578878 |
|  |  | 107996256 |
| Electrical Equipment - 0.0% |  |  |
| Doosan Enerbility Co Ltd (b) | 448540 | 19752267 |
| Industrial Conglomerates - 0.1% |  |  |
| SK Square Co Ltd (b) | 255629 | 27149483 |
| Machinery - 0.2% |  |  |
| HD HYUNDAI MIPO  | 160590 | 23640417 |
| Samsung Heavy Industries Co Ltd (b) | 1800029 | 27554546 |
|  |  | 51194963 |
| TOTAL INDUSTRIALS |  | 206092969 |
| Information Technology - 3.4% |  |  |
| Semiconductors & Semiconductor Equipment - 0.7% |  |  |
| SK Hynix Inc  | 1104096 | 210667054 |
| Technology Hardware, Storage & Peripherals - 2.7% |  |  |
| Samsung Electronics Co Ltd  | 14202012 | 710526237 |
| Samsung Electronics Co Ltd GDR (d) | 21489 | 26560404 |
|  |  | 737086641 |
| TOTAL INFORMATION TECHNOLOGY |  | 947753695 |
| TOTAL KOREA (SOUTH) |  | 1529355666 |
| MACAU - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Galaxy Entertainment Group Ltd  | 7881000 | 41449683 |
| MALAYSIA - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| CIMB Group Holdings Bhd  | 46611336 | 81883632 |
| MEXICO - 2.3%  |  |  |
| Communication Services - 0.3% |  |  |
| Wireless Telecommunication Services - 0.3% |  |  |
| America Movil SAB de CV ADR (c) | 3369600 | 67358304 |
| America Movil SAB de CV Series B  | 25081346 | 24967795 |
|  |  | 92326099 |
| Consumer Staples - 1.0% |  |  |
| Beverages - 0.2% |  |  |
| Fomento Economico Mexicano SAB de CV ADR  | 701922 | 60814522 |
| Consumer Staples Distribution & Retail - 0.7% |  |  |
| BBB Foods Inc Class A (b) | 760795 | 20465386 |
| Grupo Comercial Chedraui SA de CV (c) | 1889700 | 15276960 |
| Wal-Mart de Mexico SAB de CV Series V  | 42157500 | 125854746 |
|  |  | 161597092 |
| Food Products - 0.1% |  |  |
| Gruma SAB de CV Series B  | 2251291 | 38702978 |
| TOTAL CONSUMER STAPLES |  | 261114592 |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| Banco del Bajio SA (c)(d)(e) | 3923500 | 9358634 |
| Grupo Financiero Banorte SAB de CV  | 6720324 | 61462097 |
|  |  | 70820731 |
| Industrials - 0.2% |  |  |
| Transportation Infrastructure - 0.2% |  |  |
| Grupo Aeroportuario del Centro Norte SAB de CV Series B  | 861700 | 11020729 |
| Grupo Aeroportuario del Pacifico SAB de CV Series B (c) | 1694004 | 40738870 |
|  |  | 51759599 |
| Materials - 0.4% |  |  |
| Construction Materials - 0.2% |  |  |
| Cemex SAB de CV ADR  | 7471300 | 67914117 |
| Metals & Mining - 0.2% |  |  |
| Grupo Mexico SAB de CV Series B  | 9164790 | 60077262 |
| TOTAL MATERIALS |  | 127991379 |
| Real Estate - 0.2% |  |  |
| Industrial REITs - 0.1% |  |  |
| Prologis Property Mexico SA de CV (c) | 4681100 | 17262724 |
| Real Estate Management & Development - 0.1% |  |  |
| Corp Inmobiliaria Vesta SAB de CV ADR (c) | 960730 | 26381646 |
| TOTAL REAL ESTATE |  | 43644370 |
| TOTAL MEXICO |  | 647656770 |
| NETHERLANDS - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| BE Semiconductor Industries NV  | 85900 | 11566907 |
| NIGERIA - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Guaranty Trust Holding Co PLC (United Kingdom)  | 102934740 | 6690758 |
| PERU - 0.7%  |  |  |
| Financials - 0.5% |  |  |
| Banks - 0.5% |  |  |
| Credicorp Ltd  | 574167 | 147675753 |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Cia de Minas Buenaventura SAA ADR  | 2638151 | 50494210 |
| TOTAL PERU |  | 198169963 |
| PHILIPPINES - 0.2%  |  |  |
| Industrials - 0.1% |  |  |
| Transportation Infrastructure - 0.1% |  |  |
| International Container Terminal Services Inc  | 4490751 | 37955868 |
| Real Estate - 0.1% |  |  |
| Real Estate Management & Development - 0.1% |  |  |
| Ayala Land Inc  | 36672631 | 17968595 |
| TOTAL PHILIPPINES |  | 55924463 |
| POLAND - 0.5%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Broadline Retail - 0.1% |  |  |
| Allegro.eu SA (b)(d)(e) | 3974035 | 39825421 |
| Consumer Staples - 0.1% |  |  |
| Consumer Staples Distribution & Retail - 0.1% |  |  |
| Dino Polska SA (b)(d)(e) | 1762100 | 21970031 |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Powszechna Kasa Oszczednosci Bank Polski SA  | 4165492 | 81167477 |
| TOTAL POLAND |  | 142962929 |
| RUSSIA - 0.0%  |  |  |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Gazprom PJSC (Russia) (b)(f) | 5946277 | 60 |
| LUKOIL PJSC (b)(f) | 345667 | 0 |
| LUKOIL PJSC ADR (b)(f) | 499400 | 5 |
|  |  | 65 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Sberbank of Russia PJSC (b)(f) | 3314825 | 0 |
| Sberbank of Russia PJSC (Russia) (b)(f) | 617111 | 6 |
| Sberbank of Russia PJSC ADR (b)(f) | 1653549 | 17 |
|  |  | 23 |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| Phosagro Pjsc (b)(f) | 88909 | 0 |
| Phosagro Pjsc GDR (b)(d)(f) | 1 | 0 |
| Phosagro Pjsc GDR (b)(d)(f) | 1718 | 0 |
|  |  | 0 |
| TOTAL RUSSIA |  | 88 |
| SAUDI ARABIA - 0.5%  |  |  |
| Financials - 0.5% |  |  |
| Banks - 0.5% |  |  |
| Al Rajhi Bank  | 3585065 | 90004030 |
| Saudi National Bank/The  | 1898726 | 17619967 |
|  |  | 107623997 |
| Health Care - 0.0% |  |  |
| Health Care Providers & Services - 0.0% |  |  |
| Dr Sulaiman Al Habib Medical Services Group Co  | 144354 | 9271711 |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| SABIC Agri-Nutrients Co  | 374422 | 12114181 |
| TOTAL SAUDI ARABIA |  | 129009889 |
| SINGAPORE - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Entertainment - 0.1% |  |  |
| Sea Ltd Class A ADR (b) | 177399 | 33092009 |
| SOUTH AFRICA - 2.7%  |  |  |
| Communication Services - 0.2% |  |  |
| Wireless Telecommunication Services - 0.2% |  |  |
| MTN Group Ltd  | 6350038 | 53924926 |
| Consumer Discretionary - 1.5% |  |  |
| Broadline Retail - 1.4% |  |  |
| Naspers Ltd Class N  | 1196776 | 394085989 |
| Specialty Retail - 0.1% |  |  |
| Pepkor Holdings Ltd (d)(e) | 20162166 | 29031690 |
| TOTAL CONSUMER DISCRETIONARY |  | 423117679 |
| Consumer Staples - 0.0% |  |  |
| Consumer Staples Distribution & Retail - 0.0% |  |  |
| Shoprite Holdings Ltd  | 575953 | 8584769 |
| Food Products - 0.0% |  |  |
| Tiger Brands Ltd  | 752192 | 13261435 |
| TOTAL CONSUMER STAPLES |  | 21846204 |
| Financials - 0.6% |  |  |
| Banks - 0.3% |  |  |
| Capitec Bank Holdings Ltd  | 148498 | 30041970 |
| Standard Bank Group Ltd  | 3326383 | 46927646 |
|  |  | 76969616 |
| Financial Services - 0.2% |  |  |
| FirstRand Ltd  | 14451551 | 60960312 |
| Insurance - 0.1% |  |  |
| OUTsurance Group Ltd  | 5568509 | 23978682 |
| TOTAL FINANCIALS |  | 161908610 |
| Materials - 0.4% |  |  |
| Chemicals - 0.1% |  |  |
| Sasol Ltd (b) | 5190279 | 35005422 |
| Metals & Mining - 0.3% |  |  |
| Gold Fields Ltd ADR  | 658600 | 22049928 |
| Impala Platinum Holdings Ltd (b) | 7353872 | 66729878 |
|  |  | 88779806 |
| TOTAL MATERIALS |  | 123785228 |
| TOTAL SOUTH AFRICA |  | 784582647 |
| SWEDEN - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Capital Markets - 0.0% |  |  |
| VEF AB (b) | 25177300 | 5639588 |
| TAIWAN - 9.7%  |  |  |
| Communication Services - 0.1% |  |  |
| Entertainment - 0.1% |  |  |
| International Games System Co Ltd  | 627000 | 15628897 |
| Wireless Telecommunication Services - 0.0% |  |  |
| Far EasTone Telecommunications Co Ltd  | 1846000 | 5072969 |
| TOTAL COMMUNICATION SERVICES |  | 20701866 |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Eclat Textile Co Ltd  | 4183000 | 54522693 |
| Consumer Staples - 0.0% |  |  |
| Food Products - 0.0% |  |  |
| Uni-President Enterprises Corp  | 807000 | 2037305 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| CTBC Financial Holding Co Ltd  | 3344000 | 4485374 |
| E.Sun Financial Holding Co Ltd  | 4059250 | 4430250 |
|  |  | 8915624 |
| Industrials - 0.2% |  |  |
| Electrical Equipment - 0.0% |  |  |
| Voltronic Power Technology Corp  | 339000 | 10892734 |
| Machinery - 0.2% |  |  |
| Hiwin Technologies Corp  | 7273112 | 50398948 |
| TOTAL INDUSTRIALS |  | 61291682 |
| Information Technology - 9.2% |  |  |
| Communications Equipment - 0.2% |  |  |
| Accton Technology Corp  | 1936982 | 63770078 |
| Electronic Equipment, Instruments & Components - 1.3% |  |  |
| Chroma ATE Inc  | 3319660 | 62882409 |
| Delta Electronics Inc  | 1387000 | 31953380 |
| E Ink Holdings Inc  | 4466000 | 38106120 |
| Elite Material Co Ltd  | 2233394 | 88401937 |
| Foxconn Technology Co Ltd  | 383000 | 882764 |
| Gold Circuit Electronics Ltd  | 596000 | 9767634 |
| Hon Hai Precision Industry Co Ltd  | 11859515 | 78295944 |
| Lotes Co Ltd  | 34000 | 1598443 |
| Taiwan Union Technology Corp  | 619000 | 7387775 |
| Unimicron Technology Corp  | 3482000 | 16249898 |
| Yageo Corp  | 7947416 | 35988405 |
| Zhen Ding Technology Holding Ltd  | 871000 | 5557446 |
|  |  | 377072155 |
| Semiconductors & Semiconductor Equipment - 7.6% |  |  |
| Alchip Technologies Ltd  | 319082 | 41759185 |
| ASE Technology Holding Co Ltd  | 1986531 | 9647531 |
| ASPEED Technology Inc  | 118000 | 19180288 |
| eMemory Technology Inc  | 249000 | 16689944 |
| Jentech Precision Industrial Co Ltd  | 107861 | 7308576 |
| MediaTek Inc  | 3194436 | 141948094 |
| Taiwan Semiconductor Manufacturing Co Ltd  | 50807556 | 1902814702 |
|  |  | 2139348320 |
| Technology Hardware, Storage & Peripherals - 0.1% |  |  |
| Asia Vital Components Co Ltd  | 133000 | 4341739 |
| Wiwynn Corp  | 311000 | 29849070 |
|  |  | 34190809 |
| TOTAL INFORMATION TECHNOLOGY |  | 2614381362 |
| TOTAL TAIWAN |  | 2761850532 |
| THAILAND - 0.3%  |  |  |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| SCB X PCL  | 3725894 | 14830377 |
| Industrials - 0.1% |  |  |
| Transportation Infrastructure - 0.1% |  |  |
| Airports of Thailand PCL  | 37199800 | 41550610 |
| Materials - 0.1% |  |  |
| Chemicals - 0.1% |  |  |
| PTT Global Chemical PCL  | 18430220 | 14994822 |
| TOTAL THAILAND |  | 71375809 |
| TURKEY - 0.3%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Akbank TAS  | 5354000 | 8880503 |
| Industrials - 0.3% |  |  |
| Electrical Equipment - 0.2% |  |  |
| Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS  | 17767531 | 50995696 |
| Transportation Infrastructure - 0.1% |  |  |
| TAV Havalimanlari Holding AS (b) | 2936897 | 18093527 |
| TOTAL INDUSTRIALS |  | 69089223 |
| TOTAL TURKEY |  | 77969726 |
| UNITED ARAB EMIRATES - 0.9%  |  |  |
| Energy - 0.6% |  |  |
| Energy Equipment & Services - 0.3% |  |  |
| ADNOC Drilling Co PJSC  | 52340499 | 78518942 |
| Oil, Gas & Consumable Fuels - 0.3% |  |  |
| Adnoc Gas PLC  | 89921600 | 81525458 |
| TOTAL ENERGY |  | 160044400 |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| Abu Dhabi Commercial Bank PJSC  | 13857810 | 57122270 |
| Real Estate - 0.1% |  |  |
| Real Estate Management & Development - 0.1% |  |  |
| Emaar Properties PJSC  | 12128110 | 47548914 |
| TOTAL UNITED ARAB EMIRATES |  | 264715584 |
| UNITED KINGDOM - 0.7%  |  |  |
| Financials - 0.1% |  |  |
| Capital Markets - 0.1% |  |  |
| Investec PLC  | 2573812 | 18820114 |
| Materials - 0.6% |  |  |
| Metals & Mining - 0.6% |  |  |
| Anglogold Ashanti Plc (c) | 2603824 | 147532668 |
| Anglogold Ashanti Plc (South Africa)  | 521039 | 29094298 |
|  |  | 176626966 |
| TOTAL UNITED KINGDOM |  | 195447080 |
| UNITED STATES - 0.5%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| Samsonite Group SA (d)(e) | 6512400 | 14185178 |
| Information Technology - 0.5% |  |  |
| Semiconductors & Semiconductor Equipment - 0.4% |  |  |
| NVIDIA Corp  | 651200 | 113426016 |
| Software - 0.1% |  |  |
| Synopsys Inc (b) | 47900 | 28908608 |
| TOTAL INFORMATION TECHNOLOGY |  | 142334624 |
| TOTAL UNITED STATES |  | 156519802 |
| ZAMBIA - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| First Quantum Minerals Ltd (b) | 540130 | 9466581 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $12,515,232,303) |  | <br> **16171763517** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 37.6%** | &nbsp;&nbsp;**International Equity Funds - 37.6%** | &nbsp;&nbsp;**International Equity Funds - 37.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor China Region Fund - Class Z (g) | 3915650 | 189869846 |
| Fidelity SAI Emerging Markets Index Fund (g) | 182858924 | 2964143153 |
| Fidelity SAI Emerging Markets Low Volatility Index Fund (g) | 130652414 | 1574361588 |
| Fidelity SAI Emerging Markets Value Index Fund (g) | 390536542 | 6018168116 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $9,097,167,647) |  | **10746542703** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** |
|  | Shares | Value ($)<br>|
| RUSSIA - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Sberbank of Russia PJSC (b)(f) | 2462434 | 25 |
| Sberbank of Russia PJSC (b)(f) | 3791522 | 0 |
| <br> **TOTAL NON-CONVERTIBLE PREFERRED STOCKS**<br> (Cost $19,998,262) |  | <br> **25** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** |
|  | Yield (%) (h) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 10/16/2025 (i) | 4.26 to 4.28 | 4100000 | 4079179 |
| US Treasury Bills 0% 10/23/2025 (i) | 4.29 to 4.30 | 2680000 | 2664358 |
| US Treasury Bills 0% 10/30/2025 (i) | 4.20 to 4.29 | 2630000 | 2612417 |
| US Treasury Bills 0% 10/9/2025 (i) | 4.28 to 4.30 | 17370000 | 17295109 |
| US Treasury Bills 0% 11/20/2025 (i) | 4.14 | 1790000 | 1774074 |
| US Treasury Bills 0% 11/28/2025 (i) | 4.13 | 1440000 | 1425912 |
| US Treasury Bills 0% 9/11/2025 (i) | 4.30 | 5190000 | 5184501 |
| US Treasury Bills 0% 9/18/2025 (i) | 4.21 to 4.27 | 3420000 | 3413532 |
| US Treasury Bills 0% 9/25/2025 (i) | 4.23 | 2540000 | 2533126 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $40,975,175) |  |  | **40982208** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 6.1%** | &nbsp;&nbsp;**Money Market Funds - 6.1%** | &nbsp;&nbsp;**Money Market Funds - 6.1%** | &nbsp;&nbsp;**Money Market Funds - 6.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (j) | 4.36 | 202278034 | 202318490 |
| Fidelity Securities Lending Cash Central Fund (j)(k) | 4.36 | 151620412 | 151635574 |
| Invesco Government & Agency Portfolio Institutional Class (l) | 4.21 | 1373478866 | 1373478866 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $1,727,412,787) |  |  | **1727432930** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.5%**<br> (Cost $23,400,786,174)<br>| <br>**28686721383** |
| **NET OTHER ASSETS (LIABILITIES) - (0.5)%**  | **(138557679)** |
| **NET ASSETS - 100.0%** | **28548163704** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Contracts |  |  |  |  |  |
| ICE MSCI Emerging Markets Index Contracts (United States) | 21765 | 9/19/2025 | 1376527425 | 32283486 | 32283486 |
| The notional amount of futures purchased as a percentage of Net Assets is 4.8% | The notional amount of futures purchased as a percentage of Net Assets is 4.8% | The notional amount of futures purchased as a percentage of Net Assets is 4.8% | The notional amount of futures purchased as a percentage of Net Assets is 4.8% | The notional amount of futures purchased as a percentage of Net Assets is 4.8% | The notional amount of futures purchased as a percentage of Net Assets is 4.8% |

---

**Currency Abbreviations**

---

| | | |
|:---|:---|:---|
| GBP | - | British Pound Sterling |
| HKD | - | Hong Kong Dollar |
| USD | - | United States Dollar |
| ZAR | - | South African Rand |

---

**Legend**

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

(b) Non-income producing.

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

(d) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $1,035,578,316 or 3.6% of net assets.

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $898,824,653 or 3.1% of net assets.

(f) Level 3 security

(g) Affiliated Fund

(h) 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.

(i) 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 $40,001,016.

(j) 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.

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

(l) The rate quoted is the annualized seven-day yield of the fund at period end.

**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 | 240382367 | 697094861 | 735158738 | 2751428 | - | - | 202318490 | 202278034 | 0.4% |
| Fidelity Securities Lending Cash Central Fund | 182642111 | 472185817 | 503192354 | 308625 | - | - | 151635574 | 151620412 | 0.5% |
| Total | 423024478 | 1169280678 | 1238351092 | 3060053 | - | - | 353954064 |  |  |

---

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.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 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 |
| Fidelity Advisor China Region Fund - Class Z | 159406093 | - | - | - | - | 30463753 | 189869846 | 3915650 |
| Fidelity SAI Emerging Markets Index Fund | 2459468029 | 233422364 | - | - | - | 271252760 | 2964143153 | 182858924 |
| Fidelity SAI Emerging Markets Low Volatility Index Fund | 1516874526 | - | - | - | - | 57487062 | 1574361588 | 130652414 |
| Fidelity SAI Emerging Markets Value Index Fund | 5479227687 | - | - | - | - | 538940429 | 6018168116 | 390536542 |
|  | 9614976335 | 233422364 | - | - | - | 898144004 | 10746542703 |  |

---

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 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 Rutland Square Trust II

- **b. Investment Company Act file number:** 811-21991

- **c. CIK number of Registrant:** 0001364924

- **d. LEI of Registrant:** 1KZ3JN58GDRI3EZKKG06

- **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:** Strategic Advisers Fidelity Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000063170

- **c. LEI of Series:** 549300YXMLS0UT4SHL91

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $28696036497.38

**Total Liabilities:** $168635479.66

**Net Assets:** $28527401017.72

**Cash Not Reported:** $79842151.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000204787 | 6.34%                | 1.68%                | 2.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4661357.86              | $1508672944.10                             |
| Month 2  | $16532054.10             | $399775205.24                              |
| Month 3  | $58777297.67             | $624125291.14                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WAL MART DE MEXICO SAB DE CV                       | WAL MART DE MEXICO SAB DE CV V                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   42157500 | NS      | $125854745.64  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA AEROSPACE CO LTD                            | HANWHA AEROSPACE CO LTD                                                                  | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      46322 | NS      | $29417378.35   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                     | BE SEMICOND INDUS NV (NETH)                                                              | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |      85900 | NS      | $11566906.62   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORP                       | CHINA CONSTRUCTION BANK CORP H                                                           | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |  161632690 | NS      | $155713103.96  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD             | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD A                                                 | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    2845094 | NS      | $122085906.54  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHUI CONCH CEMENT CO LTD                          | ANHUI CONCH CEMENT CO LTD H                                                              | CUSIP: N/A<br>LEI: 529900HS6X8TTV0FHV63       | Long             | EC               | CORP              | CN        |    1978000 | NS      | $6216535.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVENT BIOLGICS INC                              | INNOVENT BIOLOGICS INC                                                                   | CUSIP: N/A<br>LEI: 25490058ONL9SCIE1R22       | Long             | EC               | CORP              | KY        |     991000 | NS      | $12312019.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SA                                     | DINO POLSKA SA                                                                           | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |    1762100 | NS      | $21970031.29   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                                       | SYNOPSYS INC                                                                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      47900 | NS      | $28908608.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDEA GROUP CO LTD                                 | MIDEA GROUP CO LTD A                                                                     | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |     240458 | NS      | $2485340.57    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                         | SAMSUNG ELECTRONICS CO LTD                                                               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   14202012 | NS      | $710526236.85  | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| LOCALIZA RENT A CAR SA                             | LOCALIZA RENT A CAR SA                                                                   | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |    1626005 | NS      | $10748364.34   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTEC PLC                                       | INVESTEC PLC                                                                             | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |    2573812 | NS      | $18820114.73   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TIGER BRANDS LTD                                   | TIGER BRANDS LTD                                                                         | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |     752192 | NS      | $13261434.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORP                                            | KT CORP                                                                                  | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     974510 | NS      | $37957674.26   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| RICHTER GEDEON NYRT                                | RICHTER GEDEON NYRT                                                                      | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    2298113 | NS      | $69660126.23   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FAR EASTONE TELECOMMUNICATIONS CO LTD              | FAR EASTONE TELECOM CO LTD                                                               | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |    1846000 | NS      | $5072969.08    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLEGRO.EU                                         | ALLEGRO.EU                                                                               | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               | CORP              | LU        |    3974035 | NS      | $39825421.42   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HUATAI SECURITIES CO LTD                           | HUATAI SECURITIES CO LTD H                                                               | CUSIP: N/A<br>LEI: 3003009ABT0UCWO79Q77       | Long             | EC               | CORP              | CN        |    2235200 | NS      | $5657173.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                  | TENCENT MUSIC ENTMT GROUP CL A                                                           | CUSIP: N/A<br>LEI: 213800XTZK2GOHQTYK41       | Long             | EC               | CORP              | KY        |    7572668 | NS      | $93595960.27   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| E.SUN FINANCIAL HOLDING CO LTD                     | E SUN FINANCIAL HOLDING CO LTD                                                           | CUSIP: N/A<br>LEI: 549300X6CNQE512OPC90       | Long             | EC               | CORP              | TW        |    4059250 | NS      | $4430250.73    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC PPTY and CAS CO LTD                           | PICC PROPERTY and CASUALTY CO H                                                          | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   32871000 | NS      | $79104606.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAIS ELETRICAS BRASILE SA                      | ELETROBRAS (ON)                                                                          | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    1917600 | NS      | $15922674.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ABU DHABI COMMERCIAL BANK                          | ABU DHABI COMMERCIAL BANK                                                                | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |   13857810 | NS      | $57122270.49   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEJIANG SANHUA INTELLIGENT CONTROLS CO LTD        | ZHEJIANG SANHUA INTELLIGENT CONTROLS CO LTD H                                            | CUSIP: N/A<br>LEI: 8368003UTQ4F88XERZ23       | Long             | EC               | CORP              | CN        |    5555800 | NS      | $22207520.75   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 11/28/2025                                                                  | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1440000 | PA      | $1425912.96    | 0.00%             | 2025-11-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                         | SAMSUNG ELEC VTG GDR REGS                                                                | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      21489 | NS      | $26560404.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SPRING AIRLINES CO LTD                             | SPRING AIRLINES CO LTD A                                                                 | CUSIP: N/A<br>LEI: 300300EPVZRXQONKPM53       | Long             | EC               | CORP              | CN        |     187000 | NS      | $1399051.75    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC GAS PLC                                      | ADNOC GAS PLC                                                                            | CUSIP: N/A<br>LEI: 254900O5NS03BDOOM362       | Long             | EC               | CORP              | AE        |   89921600 | NS      | $81525457.19   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ELITE MATERIAL CO LTD                              | ELITE MATERIAL CO LTD                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    2233394 | NS      | $88401936.03   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG HEAVY INDUSTRIES CO LTD                    | SAMSUNG HEAVY INDS CO LTD                                                                | CUSIP: N/A<br>LEI: 988400OSK0T9LDTWNC20       | Long             | EC               | CORP              | KR        |    1800029 | NS      | $27554545.54   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC LTD                                           | NTPC LTD                                                                                 | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |   14101852 | NS      | $52456735.57   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLTRONIC POWER TECHNOLOGY CORP                    | VOLTRONIC POWER TECHNOLOGY CORP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     339000 | NS      | $10892733.91   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TBC BANK GROUP PLC                                 | TBC BANK GROUP PLC                                                                       | CUSIP: N/A<br>LEI: 213800T6NS9N2WQ3B328       | Long             | EC               | CORP              | GB        |     544167 | NS      | $32177954.91   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD CIRCUIT ELECTRONICS LTD                       | GOLD CIRCUIT ELECTRONICS LTD                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     596000 | NS      | $9767634.20    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEO BRASILEIRO-PETROBRAS                      | PETROBRAS BRASILEIRO SA                                                                  | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    1387850 | NS      | $8639106.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MINTH GROUP LTD                                    | MINTH GROUP LTD                                                                          | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | KY        |    3362000 | NS      | $14180304.02   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS BANK LTD                                      | AXIS BK LTD                                                                              | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |     967678 | NS      | $11485479.55   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AYALA LAND INC                                     | AYALA LAND INC                                                                           | CUSIP: N/A<br>LEI: 254900EWT10TQ6DKTV34       | Long             | EC               | CORP              | PH        |   35181631 | NS      | $17238045.93   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER GRID CORP OF INDIA LTD                       | POWER GRID CORP OF INDIA LTD                                                             | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               | CORP              | IN        |    4742900 | NS      | $14837458.49   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BEONE MEDICINES LTD                                | BEONE MEDICINES LTD                                                                      | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | CH        |    1408000 | NS      | $33269655.57   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTAGE TECHNOLOGY CO LTD                          | MONTAGE TECHNOLOGY CO LTD A                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     791700 | NS      | $13640022.10   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERGLOBE AVIATION LTD                            | INTERGLOBE AVIATION LTD                                                                  | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |     195560 | NS      | $12551017.23   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF CHENGDU CO LTD                             | BANK OF CHENGDU CO LTD A                                                                 | CUSIP: N/A<br>LEI: 30030030JPOKGL9K5418       | Long             | EC               | CORP              | CN        |    8771270 | NS      | $22722319.10   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ECLAT TEXTILE CO LTD                               | ECLAT TEXTILE CO LTD                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    4183000 | NS      | $54522692.56   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 09/25/2025                                                                  | CUSIP: 912797PY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2540000 | PA      | $2533125.52    | 0.01%             | 2025-09-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ASE TECHNOLOGY HOLDING CO LTD                      | ASE TECHNOLOGY HOLDING CO LTD                                                            | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    1986531 | NS      | $9647531.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TIANQI LITHIUM CORP                                | SICHUAN TIANQI LITHIUM IND A                                                             | CUSIP: N/A<br>LEI: 300300IZ1J0MQ8YVEG66       | Long             | EC               | CORP              | CN        |      81900 | NS      | $504888.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WEICHAI POWER CO LTD                               | WEICHAI POWER CO LTD H                                                                   | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |    1383000 | NS      | $2891783.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE INC                                        | NETEASE INC ADR                                                                          | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     228141 | NS      | $31070522.79   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP LTD                                      | CREDICORP LTD                                                                            | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |     574167 | NS      | $147675752.40  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                       | MEDIA TEK INC                                                                            | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    3221436 | NS      | $143147867.51  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| THE SAUDI NATIONAL BANK                            | THE SAUDI NATIONAL BANK                                                                  | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |    1898726 | NS      | $17619966.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO LTD                        | CHINA LIFE INS CO LTD H                                                                  | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |   57393074 | NS      | $176843260.53  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK OF RUSSIA PFD CLS par=3                                                         | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EP               | CORP              | RU        |    2462434 | NS      | $24.62         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| INTER and CO INC                                   | INTER and CO INC US(1CS)                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    1233537 | NS      | $10511063.46   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC DRILLING COMPANY PJSC                        | ADNOC DRILLING COMPANY PJSC                                                              | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |   52340499 | NS      | $78518942.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHONGJI INNOLIGHT CO LTD                           | ZHONGJI INNOLIGHT CO LTD A                                                               | CUSIP: N/A<br>LEI: 655600K7YZDKAI214O83       | Long             | EC               | CORP              | CN        |     139967 | NS      | $6940657.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS INC                              | DELTA ELECTRONICS IND CO LTD                                                             | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    1387000 | NS      | $31953380.43   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOBIS CO LTD                               | HYUNDAI MOBIS                                                                            | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |     296140 | NS      | $67721789.57   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS BANK CO LTD                        | CHINA MERCHANTS BANK CO LTD H                                                            | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    2688452 | NS      | $16553870.31   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MAX HEALTHCARE INSTITUTE LTD                       | MAX HEALTHCARE INSTITUTE LTD                                                             | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |    5318633 | NS      | $69712078.27   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL ATOMIC CO KAZATOMPROM                     | NAC KAZATOMPROM JSC GDR RGS                                                              | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     405797 | NS      | $18869560.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HOLDING SA                           | ITAU UNIBANCO HOLDING SA                                                                 | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |   10401602 | NS      | $73841522.91   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ENDEAVOUR MINING PLC                               | ENDEAVOUR MINING PLC                                                                     | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |    1574552 | NS      | $54745591.44   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                        | LUKOIL PJSC SPONS ADR                                                                    | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     499400 | NS      | $4.99          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SK SQUARE CO LTD                                   | SK SQUARE CO LTD                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     255629 | NS      | $27149482.85   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                        | FIDELITY SAI EMERGING MARKETS VALUE INDEX FUND                                           | CUSIP: 31635T724<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  390536542 | NS      | $6018168115.46 | 21.10%            |  |  |  | No            |                  1 | On Loan: No      |
| KAKAO CORP                                         | KAKAO CORP                                                                               | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434       | Long             | EC               | CORP              | KR        |     197610 | NS      | $8860517.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA SPORTS PRODUCTS LTD                           | ANTA SPORTS PRODUCTS LTD                                                                 | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |    3710400 | NS      | $45692822.78   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISLANDS                     | NU HOLDINGS LTD/CAYMAN ISLANDS                                                           | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |    9608305 | NS      | $142202914.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UNI-PRESIDENT ENTERPRISES CORP                     | UNI-PRESIDENT ENTERPRISES CORP                                                           | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |     807000 | NS      | $2037305.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTOR TRANSFORMATOR ENERJI T                       | ASTOR TRANSFORMATOR ENERJI T                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |   17767531 | NS      | $50995696.24   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU SA                                          | GERDAU SA SPON ADR                                                                       | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |   17494942 | NS      | $53884421.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DEL BAJIO SA                                 | BANCO DEL BAJIO SA                                                                       | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |    3923500 | NS      | $9358633.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| GRUPO COMERCIAL CHEDRAUI SA DE CV                  | GRUPO COMERCIAL CHEDRAUI SA                                                              | CUSIP: N/A<br>LEI: 4469000001BRXSV0JO96       | Long             | EC               | CORP              | MX        |    1889700 | NS      | $15276960.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| FIRST QUANTUM MINERALS LTD                         | FIRST QUANTUM MINERALS LTD                                                               | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     540130 | NS      | $9466581.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIER SMART HOME CO LTD                            | HAIER SMART HOME CO LTD                                                                  | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |    4405400 | NS      | $14828772.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA STEEL LTD                                     | TATA STEEL LTD (DEMAT)                                                                   | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |    5086709 | NS      | $8927633.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INDOFOOD SUKSES MAKMUR TBK PT                      | INDOFOOD SUKSES MAKMR (DEMAT)                                                            | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |   48203900 | NS      | $21785771.27   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL ED GROUP                                       | TAL ED GROUP ADR                                                                         | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |    3777000 | NS      | $40111740.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                           | TOTVS SA                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    2648800 | NS      | $21056148.73   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KWEICHOW MOUTAI CO LTD                             | KWEICHOW MOUTAI CO LTD A                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     248833 | NS      | $51695445.18   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SASOL LTD                                          | SASOL LTD                                                                                | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |    5190279 | NS      | $35005421.66   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROBANK ERGASIAS SERVICES AND HOLDINGS SA         | EUROBANK ERGASIAS SERVICES AND HOLDINGS SA                                               | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |   27564367 | NS      | $101300836.87  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| GAZPROM PJSC                                       | GAZPROM OAO                                                                              | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    5946277 | NS      | $59.46         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LENOVO GROUP LTD                                   | LENOVO GROUP LTD                                                                         | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |    3328000 | NS      | $4730195.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MANKIND PHARMA LTD                                 | MANKIND PHARMA LTD                                                                       | CUSIP: N/A<br>LEI: 33580067G8AZ7S8NYA02       | Long             | EC               | CORP              | IN        |     422243 | NS      | $11855568.33   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HERMES INTL SCA                                    | HERMES INTERNATIONAL SA                                                                  | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      11800 | NS      | $28865878.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KB FINANCIAL GROUP INC                             | KB FINANCIAL GROUP INC                                                                   | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |     277455 | NS      | $21701136.33   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Investment Trust                          | FIDELITY CHINA REGION FUNDZ                                                              | CUSIP: 31618H325<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    3915650 | NS      | $189869846.87  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA PACIFIC INSURANCELTD (GROUP) CO LTD          | CHINA PACIFIC INS(GRP) CO LTD H                                                          | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    4364400 | NS      | $19852687.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 10/30/2025                                                                  | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2630000 | PA      | $2612417.21    | 0.01%             | 2025-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FERRARI NV                                         | FERRARI NV                                                                               | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      33800 | NS      | $16129698.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| BYD CO LTD                                         | BYD COMPANY LTD H                                                                        | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    8463623 | NS      | $119403260.18  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MENGNIU DAIRY CO                             | CHINA MENGNIU DAIRY CO LTD                                                               | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | KY        |    1748000 | NS      | $3408325.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                          | ALIBABA GROUP HOLDING LTD SPON ADR                                                       | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    1473735 | NS      | $198954225.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TAV HAVALIMANLARI HOLDING AS                       | TAV HAVALIMANLARI HOLDING ASA                                                            | CUSIP: N/A<br>LEI: 789000PBM9TT5D88M597       | Long             | EC               | CORP              | TR        |    2936897 | NS      | $18093526.69   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WUXI APPTEC CO LTD                                 | WUXI APPTEC CO LTD H                                                                     | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |    9084700 | NS      | $125744228.08  | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| HD HYUNDAI MIPO                                    | HD HYUNDAI MIPO                                                                          | CUSIP: N/A<br>LEI: 988400L1JDH871AJTA03       | Long             | EC               | CORP              | KR        |     160590 | NS      | $23640417.53   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| LOTES CO LTD                                       | LOTES CO LTD                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      34000 | NS      | $1598443.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN MINING GROUP CO LIMITED                      | ZIJIN MINING GROUP CO LTD H                                                              | CUSIP: N/A<br>LEI: 529900ABI5CBFXD01Q05       | Long             | EC               | CORP              | CN        |   22376608 | NS      | $73426160.30   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORP                                           | KIA CORP                                                                                 | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     437567 | NS      | $33154358.32   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHAOJIN MINING INDUSTRY CO LTD                     | ZHAOJIN MINING INDUST CO LTD H                                                           | CUSIP: N/A<br>LEI: 3003007KU2DRDX06PN04       | Long             | EC               | CORP              | CN        |    1063500 | NS      | $3287839.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FIELDS LTD NEW                                | GOLD FIELDS LTD SPON ADR                                                                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     473800 | NS      | $15862824.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 10/09/2025                                                                  | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   17370000 | PA      | $17295108.72   | 0.06%             | 2025-10-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| YUM CHINA HOLDINGS INC                             | YUM CHINA HOLDINGS INC                                                                   | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     502800 | NS      | $22485216.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARANTY TRUST HOLDING CO PLC                      | GUARANTY TRUST HOLDING CO PLC                                                            | CUSIP: N/A<br>LEI: 0292004488G9K8Y1I649       | Long             | EC               | CORP              | NG        |  102934740 | NS      | $6690758.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KE HOLDINGS INC                                    | KE HOLDINGS INC                                                                          | CUSIP: N/A<br>LEI: 254900RHVY072XPAZE03       | Long             | EC               | CORP              | KY        |     661434 | NS      | $3877495.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JENTECH PRECISION INDUSTRIAL CO LTD                | JENTECH PRECISION INDUS CO LTD                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     106000 | NS      | $7182476.56    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BAJAJ FINANCE LTD                                  | BAJAJ FINANCE LTD                                                                        | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |    4871851 | NS      | $48583821.28   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB GROUP HOLDINGS BERHAD                         | CIMB GROUP HOLDINGS BERHAD                                                               | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |   46611336 | NS      | $81883632.13   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| APT MEDICAL INC                                    | APT MEDICAL INC A                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     116800 | NS      | $4658794.15    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC BANK LTD                                      | HDFC BANK LTD SPON ADR                                                                   | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     967519 | NS      | $68848652.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCTON TECHNOLOGY CORP                             | ACCTON TECHNOLOGY CORP                                                                   | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |    1899982 | NS      | $62551949.38   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MAKEMYTRIP LIMITED                                 | MAKEMYTRIP LIMITED                                                                       | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |     409266 | NS      | $40415017.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| UST BILLS                                          | UST BILLS 0% 10/16/2025                                                                  | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4100000 | PA      | $4079178.85    | 0.01%             | 2025-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COMPUTER AGE MANAGEMENT SERVICES LTD               | COMPUTER AGE MANAGEMENT SERVICES PVT LTD                                                 | CUSIP: N/A<br>LEI: 33580012MDHMBHWN5Z06       | Long             | EC               | CORP              | IN        |     470400 | NS      | $19800474.07   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENGYI TECHNOLOGY CO LTD                          | SHENGYI TECHNOLOGY CO LTD                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    2020600 | NS      | $15044892.76   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO MEXICO SAB DE CV                             | GRUPO MEXICO SAB DE CV SER B                                                             | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |    9164790 | NS      | $60077261.99   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                 | TRIP.COM GROUP LTD ADR                                                                   | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     514960 | NS      | $37978300.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LI NING CO LTD                                     | LI NING CO LTD                                                                           | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | KY        |    2440000 | NS      | $5912590.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HAPVIDA PARTICIPACOES E INVESTIMENTOS SA           | HAPVIDA PARTICIPACOES E INVESTIMENTOS SA                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    1988467 | NS      | $15297169.52   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HESAI GROUP                                        | HESAI GROUP ADR                                                                          | CUSIP: 428050108<br>LEI: 836800KOYHURQT1JZY11 | Long             | EC               | CORP              | KY        |    1043764 | NS      | $26897798.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                   | PDD HOLDINGS INC ADR                                                                     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |    2345513 | NS      | $281977572.86  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust                        | Fidelity SAI Emerging Markets Low Volatility Index Fund                                  | CUSIP: 31635V117<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  130652414 | NS      | $1574361587.68 | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK RAKYAT INDONESIA TBK PT                       | BANK RAKYAT INDONESIA TBK PT                                                             | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  152782413 | NS      | $37505391.47   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                          | ALIBABA GROUP HOLDING LTD                                                                | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   13690692 | NS      | $226685954.75  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                            | GREEK ORG OF FOOTBL PROGNOC SA                                                           | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     887243 | NS      | $19898183.73   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK OF RUSSIA                                                                       | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |     617111 | NS      | $6.17          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JK CEMENT LTD                                      | JK CEMENT LTD                                                                            | CUSIP: N/A<br>LEI: 335800IECEF3EIDGF809       | Long             | EC               | CORP              | IN        |     817900 | NS      | $64550886.38   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TSINGTAO BREWERY CO LTD                            | TSINGTAO BREWERY CO LTD H                                                                | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15       | Long             | EC               | CORP              | CN        |     430000 | NS      | $2788339.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BTG PACTUAL SA                               | BANCO BTG PACTUAL SA US(1CS)                                                             | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |   12276834 | NS      | $101577648.45  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                           | BANK CENTRAL ASIA                                                                        | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  373421580 | NS      | $182942949.90  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                            | RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS                                         | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    8357049 | NS      | $128841292.14  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| KT and G CORP                                      | KT and G CORP                                                                            | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |     388939 | NS      | $37672488.87   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| AKBANK TAS                                         | AKBANK TAS                                                                               | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    5354000 | NS      | $8880503.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COWELL E HOLDINGS INC                              | COWELL E HOLDINGS INC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    1043000 | NS      | $4629311.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PCL                                          | SCB X PCL (FOR)                                                                          | CUSIP: N/A<br>LEI: 254900TG41KIWX7VDO42       | Long             | EC               | CORP              | TH        |    3725894 | NS      | $14830378.01   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| XIAOMI CORP                                        | XIAOMI CORP B                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   21764607 | NS      | $148540190.33  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV         | GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV B                                             | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90       | Long             | EC               | CORP              | MX        |    1715251 | NS      | $41249835.99   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV     | GRUPO AERO CENTRO NORTE CL B                                                             | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     861700 | NS      | $11020729.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED TECHNOLOGY INC                              | ASPEED TECH INC                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     118000 | NS      | $19180287.75   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| YAGEO CORP                                         | YAGEO CORP                                                                               | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |    7947416 | NS      | $35988405.09   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BIONTECH SE                                        | BIONTECH SE ADR                                                                          | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     134100 | NS      | $13410000.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| CEMEX SAB DE CV                                    | CEMEX SAB DE CV SPON ADR                                                                 | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    7471300 | NS      | $67914117.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| POWSZECHNA KASA OSZCZ BK SA                        | POWSZECHNA KASA OSZCZ BK SA                                                              | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |    4247759 | NS      | $82770504.98   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TIANQI LITHIUM CORP                                | TIANQI LITHIUM CORP H                                                                    | CUSIP: N/A<br>LEI: 300300IZ1J0MQ8YVEG66       | Long             | EC               | CORP              | CN        |     391000 | NS      | $2039389.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMEMORY TECHNOLOGY INC                             | EMEMORY TECHNOLOGY INC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     249000 | NS      | $16689944.36   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NASPERS LTD                                        | NASPERS LTD N SHS                                                                        | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |    1196776 | NS      | $394085989.11  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWAY VALVE SUZHOU CO LTD                          | NEWAY VALVE SUZHOU CO LTD A                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    2941500 | NS      | $13699631.85   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HUAMING POWER EQUIPEMENT CO LTD                    | HUAMING POWER EQUIPEMENT CO LTD                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    2137900 | NS      | $5776446.79    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGRI LA ASIA LTD                                | SHANGRI-LA ASIA LTD                                                                      | CUSIP: N/A<br>LEI: 529900FVJ8C1OTM8OL03       | Long             | EC               | CORP              | BM        |   34410426 | NS      | $20172618.41   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EMAAR PROPERTIES PJSC                              | EMAAR PROPERTIES                                                                         | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |   12128110 | NS      | $47548914.09   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                 | TRIP.COM GROUP LTD                                                                       | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |    1192721 | NS      | $88293987.08   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| CHROMA ATE INC                                     | CHROMA ATE INC                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    3319660 | NS      | $62882409.13   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BRUNELLO CUCINELLI SPA                             | BRUNELLO CUCINELLI SPA                                                                   | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |      84700 | NS      | $9792126.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 09/18/2025                                                                  | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3420000 | PA      | $3413532.40    | 0.01%             | 2025-09-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PROLOGIS PROPERTY MEXICO SA                        | PROLOGIS PROPERTY MEXICO SA                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    4681100 | NS      | $17262724.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| KOREA INVESTMENT HOLDINGS CO LTD                   | KOREA INVESTMENT HLDGS CO LTD                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     123509 | NS      | $11932509.14   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK MANDIRI PERSERO TBK PT                        | BANK MANDIRI (PERSERO) PT                                                                | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   53330000 | NS      | $15284532.16   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HAIER SMART HOME CO LTD                            | HAIER SMART HOME CO LTD                                                                  | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |   14338141 | NS      | $52808751.22   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| VEF AB                                             | VEF AB                                                                                   | CUSIP: N/A<br>LEI: 549300GLLHHE80RQ2Y24       | Long             | EC               | CORP              | SE        |   25177300 | NS      | $5639587.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                            | AMERICA MOVIL SAB DE CV SPON ADR                                                         | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    3369600 | NS      | $67358304.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK SPONSORED ADR                                                                   | CUSIP: 80585Y308<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    1653549 | NS      | $16.54         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PHOSAGRO PJSC                                      | PHOSAGRO PJSC                                                                            | CUSIP: N/A<br>LEI: 25340053KRUNNYUWF472       | Long             | EC               | CORP              | RU        |      88909 | NS      | $0.01          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SVCS INC          | INTL CONTAINER TERMINL SRV INC                                                           | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |    4490751 | NS      | $37955867.58   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KOTAK MAHINDRA BANK LTD                            | KOTAK MAHINDRA BANK LTD                                                                  | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |    1096800 | NS      | $24420282.43   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LTD                                     | ICICI BANK LTD SPONS ADR                                                                 | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    2612467 | NS      | $82919702.58   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| H WORLD GROUP LTD                                  | H WORLD GROUP LTD                                                                        | CUSIP: N/A<br>LEI: 549300Y5ML31FVN83730       | Long             | EC               | CORP              | KY        |     261480 | NS      | $977898.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HINDUSTAN AERONAUTICS LTD                          | HINDUSTAN AERONAUTICS LIMITED                                                            | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |    1638577 | NS      | $80654506.81   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPRITE HLDGS LTD                                 | SHOPRITE HLDGS LTD                                                                       | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     575953 | NS      | $8584768.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE CLOUD MUSIC INC                            | NETEASE CLOUD MUSIC INC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     535550 | NS      | $19194749.53   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA LIMITED | PING AN INSURANCE CO LTD H                                                               | CUSIP: N/A<br>LEI: 300300IP9S6FHQPKRN68       | Long             | EC               | CORP              | CN        |   10978997 | NS      | $79934193.17   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                | KUAISHOU TECHNOLOGY CLASS B                                                              | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |    2475100 | NS      | $23923902.89   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SHORT TERM INVTS TR                                | Invesco Short-Term Investments Trust Government and Agency Portfolio Institutional Class | CUSIP: 825252885<br>LEI: 549300DC1W0JSX3QRC47 | Long             | EC               | RF                | US        | 1342211980 | NS      | $1342211980.33 | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FUTU HOLDINGS LTD                                  | FUTU HOLDINGS LTD ADR                                                                    | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |     374924 | NS      | $69585894.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCHIP TECHNOLOGIES LTD                            | ALCHIP TECHNOLOGIES LTD                                                                  | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | KY        |     319082 | NS      | $41759185.03   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| PONY AI INC                                        | PONY AI INC ADR                                                                          | CUSIP: 732908108<br>LEI: 9845006P7613D2A61368 | Long             | EC               | CORP              | KY        |     601700 | NS      | $8646429.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| WEICHAI POWER CO LTD                               | WEICHAI POWER CO LTD A                                                                   | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |    1129400 | NS      | $2398710.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOSAGRO PJSC                                      | PHOSAGRO PJSC GDR REG S                                                                  | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |          1 | NS      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| IVANHOE MINE LTD                                   | IVANHOE MINES LTD                                                                        | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    3061537 | NS      | $27063064.17   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| CENTRAL DEPOSITORY SERVICES INDIA LTD              | CENTRAL DEPOSITORY SERVICES INDIA LTD                                                    | CUSIP: N/A<br>LEI: 335800YRV56TH7RQVH27       | Long             | EC               | CORP              | IN        |     395183 | NS      | $6392587.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA CONSULTANCY SERVICES LTD                      | TATA CONSULTANCY SERVICES LTD                                                            | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    2333054 | NS      | $81677597.26   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| WOORI FINANCIAL GROUP INC                          | WOORI FINANCIAL GROUP INC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    1051453 | NS      | $18783811.18   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO LTD                  | FUYAO GLASS INDUSTRY GROUP CO LTD H                                                      | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |     813600 | NS      | $7180511.83    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEJIANG DINGLI MACHINERY CO LTD                   | ZHEJIANG DINGLI MACHINERY CO LTD A                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    3345200 | NS      | $25516282.31   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HONG KONG EXCHANGES and CLEARING LTD               | HONG KONG EXCHS and CLEARING LTD                                                         | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     279200 | NS      | $16357820.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS ENERGY SHIPPING CO LTD             | CHINA MERCHANTS ENRG SHP LTD A                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    4465069 | NS      | $4065070.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT GLOBAL CHEM PUB CO LTD                         | PTT GLOBAL CHEMICAL PCL (FOR)                                                            | CUSIP: N/A<br>LEI: 5493007X3230PPPZFF40       | Long             | EC               | CORP              | TH        |   18430220 | NS      | $14994821.64   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HLDGS LTD                                  | TENCENT HOLDINGS LTD                                                                     | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   15650753 | NS      | $1212064869.80 | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN INOVANCE TECHNOLOGY CO LTD                | SHENZHEN INOVANCE TECHNOLOGY CO LTD A                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   12133076 | NS      | $127712546.43  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                  | TENCENT MUSIC ENTERTAINMENT ADR                                                          | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |    3389359 | NS      | $83107082.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTROC BEVERAGE GROUP CO LTD                      | EASTROC BEVERAGE GROUP CO LTD A                                                          | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |     991700 | NS      | $42956750.08   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA TECHNOLOGY GROUP CO LTD                      | NAURA TECHNOLOGY GROUP CO LTD A                                                          | CUSIP: N/A<br>LEI: 300300JI5I0B95GO5C39       | Long             | EC               | CORP              | CN        |     470396 | NS      | $24552470.61   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AZZAS 2154 SA                                      | AZZAS 2154 SA                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     807800 | NS      | $5171433.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTSURANCE GROUP LTD                               | OUTSURANCE GROUP LTD                                                                     | CUSIP: N/A<br>LEI: 984500AC307E8L2D9X52       | Long             | EC               | CORP              | ZA        |    5568509 | NS      | $23978681.61   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 10/23/2025                                                                  | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2680000 | PA      | $2664357.72    | 0.01%             | 2025-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF GREECE SA                         | NATIONAL BANK OF GREECE SA                                                               | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    7432100 | NS      | $102859647.41  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD                           | SAMSUNG BIOLOGICS CO LTD                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      79370 | NS      | $57038564.34   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ASIA VITAL COMPONENTS CO LTD                       | ASIA VITAL COMPONENTS CO LTD                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     187000 | NS      | $6104550.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TOREX GOLD RES INC                                 | TOREX GOLD RESOURCES INC                                                                 | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     223587 | NS      | $7458055.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA NATIONAL BUILDING MATERI AL COMPANY LTD      | CHINA NATL BLDG MATERIAL CO H                                                            | CUSIP: N/A<br>LEI: 52990085PGF8YEPLBZ26       | Long             | EC               | CORP              | CN        |    7134000 | NS      | $5161408.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD                    | TAIWAN SEMICONDUCTOR MFG CO LTD                                                          | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   50807556 | NS      | $1902814700.61 | 6.67%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN GROUP LTD                                      | MTN GROUP LTD                                                                            | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    6350038 | NS      | $53924925.87   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SABIC AGRI-NUTRIENTS CO                            | SABIC AGRI-NUTRIENTS CO                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     374422 | NS      | $12114181.23   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CIA DE MINAS BUENAVENTURA SAA                      | BUENAVENTURA SPON ADR                                                                    | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |    2638151 | NS      | $50494210.14   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBTOON ENTERTAINMENT INC                          | WEBTOON ENTERTAINMENT INC                                                                | CUSIP: 94845U105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    1823808 | NS      | $26390501.76   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| AIA GROUP LTD                                      | AIA GROUP LTD                                                                            | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    3690200 | NS      | $35072974.80   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| FOMENTO ECONOMICO MEXICANO SAB DE CV               | FOMENTO ECONO MEX(FEMSA)SP ADR                                                           | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     701922 | NS      | $60814522.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GALAXY ENTERTAINMENT GROUP LTD                     | GALAXY ENT GROUP LTD                                                                     | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |    7881000 | NS      | $41449682.51   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANGHAI CHICMAX COSMETIC CO LTD                   | SHANGHAI CHICMAX COSMETIC CO LTD H                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     617400 | NS      | $7159638.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 ONE WAM LTD                                    | 360 ONE WAM LTD                                                                          | CUSIP: N/A<br>LEI: 335800DDYMCDBO5OLL32       | Long             | EC               | CORP              | IN        |    2856900 | NS      | $33045681.70   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRPORTS OF THAILAND PCL                           | AIRPORTS OF THAILAND PCL (FOR)                                                           | CUSIP: N/A<br>LEI: 5299006VS4CU6LW0TY22       | Long             | EC               | CORP              | TH        |   37199800 | NS      | $41550609.82   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                       | Fidelity Cash Central Fund                                                               | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  202278034 | NS      | $202318489.41  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 11/20/2025                                                                  | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1790000 | PA      | $1774074.19    | 0.01%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LARSEN and TOUBRO LTD                              | LARSEN and TOUBRO LTD                                                                    | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |    3823718 | NS      | $156285758.51  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUATORIAL ENERGIA SA                              | EQUATORIAL ENERGIA SA                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    2906800 | NS      | $19606163.21   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                       | GAZTRANSPORT ET TECHNIGA                                                                 | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |     288943 | NS      | $53882686.01   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTOFAGASTA PLC                                    | ANTOFAGASTA PLC                                                                          | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |    2336800 | NS      | $67748084.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND and INVESTMENT LTD             | CHINA OVERSEAS LAND and INV LTD                                                          | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |     403000 | NS      | $719098.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD BK GROUP LTD                              | STANDARD BANK GROUP LTD                                                                  | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |    3326383 | NS      | $46927645.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCE LAND LTD                            | CHINA RESOURCES LAND LTD                                                                 | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    1757000 | NS      | $6887809.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                      | HDFC BANK LTD (DEMAT)                                                                    | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   24903198 | NS      | $269078010.13  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK OF RUSSIA                                                                       | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    3314825 | NS      | $0.41          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                              | ANGLOGOLD ASHANTI PLC                                                                    | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |    2507512 | NS      | $142075629.92  | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| NEW ORIENTAL EDUCATION and TECHNOLOGY GROUP INC    | NEW ORIENTAL EDUCATION and TECHNOLOGY GROUP INC                                          | CUSIP: N/A<br>LEI: 529900NHZVBZQZ8EKN29       | Long             | EC               | CORP              | KY        |     192020 | NS      | $918801.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LUXSHARE PRECISION INDUSTRY CO LTD                 | LUXSHARE PRECISION INDUSTRY CO LTD-A                                                     | CUSIP: N/A<br>LEI: 300300QLLDUELXN16530       | Long             | EC               | CORP              | CN        |    8465700 | NS      | $54523445.67   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA                                            | PRIO SA                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    7807888 | NS      | $54535761.51   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARTI AIRTEL LTD                                  | BHARTI AIRTEL LIMITED                                                                    | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    5230818 | NS      | $112240692.69  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRTAC INTERNATIONAL GROUP                         | AIRTAC INTERNATIONAL GROUP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     716000 | NS      | $18341303.30   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                   | MERCADOLIBRE INC                                                                         | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       8400 | NS      | $20772444.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSIDENG INTERNATIONAL HOLDINGS LTD                | BOSIDENG INTERNATL HOLDING LTD                                                           | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |   21974000 | NS      | $12656437.69   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TSINGTAO BREWERY CO LTD                            | TSINGTAO BREWERY CO LTD A                                                                | CUSIP: N/A<br>LEI: 300300OJ7D0Q1ESE8L15       | Long             | EC               | CORP              | CN        |      56182 | NS      | $547616.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PEPKOR HOLDINGS LTD                                | PEPKOR HOLDINGS LTD                                                                      | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |   20162166 | NS      | $29031690.27   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FULL TRUCK ALLIANCE CO LTD                         | FULL TRUCK ALLIANCE CO LTD ADR                                                           | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |    9722984 | NS      | $126884941.20  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LTD                       | IMPALA PLATINUM HOLDINGS LTD                                                             | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    7524972 | NS      | $68282458.97   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| PIRAEUS FINANCIAL HOLDINGS SA                      | PIRAEUS FINANCIAL HOLDINGS SA                                                            | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |    5233310 | NS      | $40500661.15   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR CO                                   | HYUNDAI MOTOR CO                                                                         | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |     164234 | NS      | $25891342.82   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP BANK PLC                                       | OTP BANK (REG)                                                                           | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |    2699319 | NS      | $235266500.52  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| WIWYNN CORP                                        | WIWYNN CORP                                                                              | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |     311000 | NS      | $29849070.23   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AL RAJHI BANK                                      | AL RAJHI BANKING and INVEST CORP                                                         | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |    3585065 | NS      | $90004030.44   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL and COMMERCIAL BANK OF CHINA            | INDUSTRIAL and COM BK OF CHINA H                                                         | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   53508805 | NS      | $39605644.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BAOSHAN IRON and STEEL CO LTD                      | BAOSHAN IRON and STEEL CO LTD A                                                          | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               | CORP              | CN        |    5190601 | NS      | $5045204.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                              | ANGLOGOLD ASHANTI PLC                                                                    | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     521039 | NS      | $29094297.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENNAN CIRCUITS CO LTD                            | SHENNAN CIRCUITS CO LTD -A                                                               | CUSIP: N/A<br>LEI: 300300VRJEDEV10SPJ55       | Long             | EC               | CORP              | CN        |    1282300 | NS      | $35522924.56   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOSAGRO PJSC                                      | PHOSAGRO PJSC SPONSORED GDR REG S CANCELLATION RESTRICTED                                | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |       1718 | NS      | $0.02          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GRUMA SAB DE CV                                    | GRUMA SAB CL B                                                                           | CUSIP: N/A<br>LEI: 5493000XJLJ6C4T0PG82       | Long             | EC               | CORP              | MX        |    2251291 | NS      | $38702978.55   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANGHAI CONANT OPTICAL CO LTD                     | SHANGHAI CONANT OPTICAL CO LTD H                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    2177738 | NS      | $13476246.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO LTD                     | SHINHAN FINANCIAL GROUP CO LTD                                                           | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     169690 | NS      | $7962571.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEN DING TECH HOLDING LTD                         | ZHEN DING TECHONGY HOLDING LTD                                                           | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |     871000 | NS      | $5557446.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM INC                                         | JD.COM INC SPON ADR                                                                      | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |    1621616 | NS      | $50383609.12   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                            | SBERBANK OF RUSSIA PFD CLS par=3                                                         | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EP               | CORP              | RU        |    3791522 | NS      | $0.47          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CORPORACION INMOBILIARIA VESTA SAB. DE CV.         | CORPORACION INMO VESTA SAB CV ADR                                                        | CUSIP: 92540K109<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |     960730 | NS      | $26381645.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| UST BILLS                                          | UST BILLS 0% 09/11/2025                                                                  | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5190000 | PA      | $5184500.78    | 0.02%             | 2025-09-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HANSOH PHARMACEUTICAL GROUP CO LTD                 | HANSOH PHARMACETICAL GROUP                                                               | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | KY        |   31776192 | NS      | $146825532.15  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                       | Fidelity Securities Lending Cash Central Fund                                            | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  154938338 | NS      | $154953831.81  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                        | NVIDIA CORP                                                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     651200 | NS      | $113426016.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EICHER MOTORS LTD                                  | EICHER MOTORS LTD                                                                        | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |     385073 | NS      | $26676535.55   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG SHUANGHUAN DRIVELINE CO LTD               | ZHEJIANG SHUANGHUAN DRIVELINE CO LTD                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    2573100 | NS      | $13429642.34   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MEITUAN                                            | MEITUAN CL B                                                                             | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    7764816 | NS      | $103419121.68  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAMES SYSTEM CO LTD                  | INTERNATIONAL GAMES SYS CO LTD                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     627000 | NS      | $15628896.70   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO LTD                  | FUYAO GLASS INDUSTRY GROUP CO LTD A                                                      | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |     326700 | NS      | $3007813.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                            | AMERICA MOVIL SAB DE CV SER B                                                            | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |   25081346 | NS      | $24967794.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEYUAN ELECTRIC CO LTD A                          | SIEYUAN ELECTRIC CO LTD A                                                                | CUSIP: N/A<br>LEI: 836800H6UQQUWN4PSZ32       | Long             | EC               | CORP              | CN        |    5756706 | NS      | $70679158.40   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HIWIN TECHNOLOGIES CORP                            | HIWIN TECHNOLOGIES CORP                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    7273112 | NS      | $50398947.81   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| FIVE STAR BUSINESS FIN LTD                         | FIVE STAR BUSINESS FIN LTD                                                               | CUSIP: N/A<br>LEI: 335800SDB5FANSP25Z85       | Long             | EC               | CORP              | IN        |    2224838 | NS      | $13770697.72   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| E INK HOLDINGS INC                                 | E INK HOLDINGS INC                                                                       | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |    4466000 | NS      | $38106120.32   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                       | SK HYNIX INC                                                                             | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    1104096 | NS      | $210667054.14  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC LIFE INSURANCE CO LTD                         | HDFC LIFE INSURANCE CO LTD                                                               | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |    4009288 | NS      | $35157369.70   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV                 | GRUPO FINANCIERO BANORTE SAB                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    6720324 | NS      | $61462096.86   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KASPI/KZ JSC                                       | KASPI/KZ JSC SPON ADR                                                                    | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |    1154504 | NS      | $108477195.84  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                     | MSCI EMGMKT FUT SEP25 MESU5                                                              | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |      21296 | NC      | $32283019.49   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEO BRASILEIRO-PETROBRAS                      | PETROLEO BRASILEIRO SPONS ADR                                                            | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    3774126 | NS      | $46799162.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| CHINA MERCHANTS BANK CO LTD                        | CHINA MERCHANTS BANK CO LTD A                                                            | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |     294500 | NS      | $1772419.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WUS PRINTED CIRCUIT CO LTD                         | WUS PRINTED CR KUNSHA CO LTD A                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     567835 | NS      | $5444379.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN UNION TECHNOLOGY CORP                       | TAIWAN UNION TECHNOLOGY CORP                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     619000 | NS      | $7387775.30    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHA BANK SA                                      | ALPHA BANK SA                                                                            | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    2974300 | NS      | $11799411.72   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMECO CORP                                        | CAMECO CORP                                                                              | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     284600 | NS      | $22016167.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIMICRON TECHNOLOGY CORP                          | UNIMICRON TECHNOLOGY CORP                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    3482000 | NS      | $16249898.08   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| XP INC                                             | XP INC CL A                                                                              | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |     491100 | NS      | $8908554.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKMUR TBK PT                  | INDOFOOD CBP SUKSES MAK TBK PT                                                           | CUSIP: N/A<br>LEI: 254900YKZW9GRKZZN285       | Long             | EC               | CORP              | ID        |   27361200 | NS      | $14896504.69   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO LTD                  | HON HAI PRECISION IND CO LTD                                                             | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   11859515 | NS      | $78295943.24   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BBB FOODS INC                                      | BBB FOODS INC                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     760795 | NS      | $20465385.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES BEVERAGE HOLDINGS CO LTD           | CHINA RESOURCES BEVERAGE HOLDINGS CO LTD                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    1918200 | NS      | $2807602.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG FIRE and MARINE INS CO LTD                 | SAMSUNG FIRE and MARINE INS                                                              | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |      21633 | NS      | $6894816.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP CO     | DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP CO                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     144354 | NS      | $9271711.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO-FABRICATION EQUIPMENT INC CHINA     | ADVANCED MICRO-FABRICATION EQUIPMENT INC CHINA A                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     112007 | NS      | $3365031.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTRAND LIMITED                                  | FIRSTRAND LIMITED                                                                        | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |   14451551 | NS      | $60960312.35   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA AEROSPACE INDUSTRIES LTD                     | KOREA AEROSPACE INDUSTRIES LTD                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    1148466 | NS      | $78578877.72   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| NETEASE INC                                        | NETEASE INC                                                                              | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    1430620 | NS      | $38979371.18   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| H WORLD GROUP LTD                                  | H WORLD GROUP LTD ADR                                                                    | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |      66900 | NS      | $2465265.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust                        | Fidelity SAI Emerging Markets Index Fund                                                 | CUSIP: 31635V836<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  182858924 | NS      | $2964143153.42 | 10.39%            |  |  |  | No            |                  1 | On Loan: No      |
| HDFC ASSET MANAGEMENT CO LTD                       | HDFC ASSET MANAGEMENT CO LTD                                                             | CUSIP: N/A<br>LEI: 3358002FLK8AK8WSEP31       | Long             | EC               | CORP              | IN        |     887633 | NS      | $55050337.11   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI LIFE INSURANCE CO LTD                          | SBI LIFE INSURANCE CO LTD                                                                | CUSIP: N/A<br>LEI: 335800WMVIESQUO95586       | Long             | EC               | CORP              | IN        |     808300 | NS      | $16561812.27   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ETERNAL LTD                                        | ETERNAL LTD                                                                              | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |   30740259 | NS      | $109645120.94  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| APOLLO HOSPITALS ENTERPRISE LTD                    | APOLLO HOSP ENTERPRISE LTD                                                               | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      58911 | NS      | $5092770.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES CO LTD                       | TECHTRONIC INDUSTRIES CO LTD                                                             | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    2391000 | NS      | $30794227.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INFOSYS LTD                                        | INFOSYS LTD                                                                              | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    1545061 | NS      | $25942982.73   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA                                            | VALE SA ADR                                                                              | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    7172652 | NS      | $73734862.56   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ZAI LAB LTD                                        | ZAI LAB LTD UNSPNRD ADR                                                                  | CUSIP: 98887Q104<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | KY        |     375672 | NS      | $12434743.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| CTBC FINANCIAL HOLDING CO LTD                      | CTBC FINL HLDG CO LTD                                                                    | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |    3344000 | NS      | $4485373.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COUPANG INC                                        | COUPANG INC A                                                                            | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     474000 | NS      | $13546920.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                        | LUKOIL PJSC                                                                              | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     345667 | NS      | $0.04          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CAPITEC BANK HOLDINGS LTD                          | CAPITEC BANK HOLDINGS LIMITED                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |     148498 | NS      | $30041970.39   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                     | ICICI BANK LTD (DEMAT)                                                                   | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   10392161 | NS      | $164838428.17  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| AFFLE 3I LTD                                       | AFFLE 3I LTD                                                                             | CUSIP: N/A<br>LEI: 335800VOXUF6XMCWSD89       | Long             | EC               | CORP              | IN        |     521997 | NS      | $11303094.41   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSONITE GROUP SA                                 | SAMSONITE GROUP SA                                                                       | CUSIP: N/A<br>LEI: 549300UULS5HYFJSEL12       | Long             | EC               | CORP              | LU        |    6512400 | NS      | $14185177.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DOOSAN ENERBILITY                                  | DOOSAN ENERBILITY                                                                        | CUSIP: N/A<br>LEI: 988400TK5NA3GLSTN506       | Long             | EC               | CORP              | KR        |     448540 | NS      | $19752266.55   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                            | SEA LTD ADR                                                                              | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     118600 | NS      | $22123644.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Heather Bonner

**Signature:** Heather Bonner

**Name of Signer:** Heather Bonner

**Title:** President and Treasurer