# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0001752724-23-067593
**Filing Date:** 2023-3
**Character Count:** 85943
**Document Hash:** da76897de9ec78a564faa1c093257aa7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067593.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067593

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 23763707

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FIXED INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity SAI U.S. Low Volatility Index Fund (Series ID: S000049309)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000155834 | Fidelity SAI U.S. Low Volatility Index Fund | FSUVX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity**<sup>®</sup> **SAI U.S. Low Volatility Index Fund**

**January 31, 2023**

Offered exclusively to certain clients of the Adviser, or its affiliates, including Strategic Advisers LLC (Strategic Advisers) - not available for sale to the general public. Fidelity® SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers.

SV1-NPRT1-0423

1.9866138.107 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.7%** | &nbsp;&nbsp;**Common Stocks - 99.7%** | &nbsp;&nbsp;**Common Stocks - 99.7%** |
|  | Shares | Value ($)<br>|
| COMMUNICATION SERVICES - 7.1%  |  |  |
| Diversified Telecommunication Services - 4.2% |  |  |
| AT&T, Inc.  | 7329443 | 149300754 |
| Verizon Communications, Inc.  | 4432911 | 184276110 |
|  |  | 333576864 |
| Entertainment - 0.7% |  |  |
| Activision Blizzard, Inc.  | 730425 | 55928642 |
| Interactive Media & Services - 0.8% |  |  |
| Alphabet, Inc. Class A (a) | 622021 | 61480556 |
| Media - 0.2% |  |  |
| Omnicom Group, Inc.  | 207399 | 17834240 |
| Wireless Telecommunication Services - 1.2% |  |  |
| T-Mobile U.S., Inc. (a) | 635363 | 94866050 |
| TOTAL COMMUNICATION SERVICES |  | 563686352 |
| CONSUMER DISCRETIONARY - 8.7%  |  |  |
| Auto Components - 0.1% |  |  |
| Gentex Corp.  | 248186 | 7323969 |
| Distributors - 0.2% |  |  |
| Pool Corp.  | 37663 | 14523229 |
| Diversified Consumer Services - 0.2% |  |  |
| Service Corp. International (b) | 166430 | 12340785 |
| Hotels, Restaurants & Leisure - 2.9% |  |  |
| Domino's Pizza, Inc.  | 37878 | 13370934 |
| McDonald's Corp.  | 698316 | 186729698 |
| Yum China Holdings, Inc. (b) | 442869 | 27285159 |
| Yum! Brands, Inc.  | 41092 | 5362917 |
|  |  | 232748708 |
| Household Durables - 0.2% |  |  |
| Garmin Ltd.  | 162851 | 16102707 |
| Internet & Direct Marketing Retail - 0.3% |  |  |
| Amazon.com, Inc. (a) | 211350 | 21796526 |
| Multiline Retail - 0.7% |  |  |
| Dollar General Corp.  | 239601 | 55970794 |
| Specialty Retail - 4.1% |  |  |
| AutoZone, Inc. (a) | 20570 | 50167145 |
| The Home Depot, Inc.  | 743474 | 241011967 |
| TJX Companies, Inc.  | 373217 | 30551544 |
| Tractor Supply Co.  | 26831 | 6117200 |
|  |  | 327847856 |
| TOTAL CONSUMER DISCRETIONARY |  | 688654574 |
| CONSUMER STAPLES - 8.3%  |  |  |
| Beverages - 0.9% |  |  |
| PepsiCo, Inc.  | 395916 | 67709554 |
| Food & Staples Retailing - 0.6% |  |  |
| Walmart, Inc.  | 323800 | 46585106 |
| Food Products - 2.0% |  |  |
| Campbell Soup Co.  | 28864 | 1498908 |
| Flowers Foods, Inc.  | 203672 | 5639678 |
| General Mills, Inc.  | 628788 | 49271828 |
| Hormel Foods Corp.  | 305480 | 13841299 |
| Kellogg Co.  | 269249 | 18465096 |
| McCormick & Co., Inc. (non-vtg.)  | 234044 | 17581385 |
| The Hershey Co.  | 155025 | 34818615 |
| The J.M. Smucker Co.  | 112475 | 17186180 |
|  |  | 158302989 |
| Household Products - 4.8% |  |  |
| Church & Dwight Co., Inc.  | 256397 | 20732261 |
| Colgate-Palmolive Co.  | 880436 | 65618895 |
| Kimberly-Clark Corp.  | 356369 | 46331534 |
| Procter & Gamble Co.  | 1627013 | 231654111 |
| The Clorox Co.  | 130002 | 18809989 |
|  |  | 383146790 |
| TOTAL CONSUMER STAPLES |  | 655744439 |
| ENERGY - 3.2%  |  |  |
| Oil, Gas & Consumable Fuels - 3.2% |  |  |
| Chesapeake Energy Corp.  | 102047 | 8849516 |
| Chevron Corp.  | 802991 | 139736494 |
| Coterra Energy, Inc.  | 839772 | 21019493 |
| DT Midstream, Inc. (b) | 102105 | 5581059 |
| Kinder Morgan, Inc.  | 2092731 | 38296977 |
| The Williams Companies, Inc.  | 1286191 | 41466798 |
|  |  | 254950337 |
| FINANCIALS - 10.4%  |  |  |
| Banks - 1.1% |  |  |
| Commerce Bancshares, Inc.  | 120909 | 8047703 |
| CVB Financial Corp.  | 138706 | 3359459 |
| First Financial Bankshares, Inc.  | 136917 | 4876984 |
| Glacier Bancorp, Inc.  | 116915 | 5330155 |
| U.S. Bancorp  | 1267159 | 63104518 |
|  |  | 84718819 |
| Capital Markets - 3.0% |  |  |
| Cboe Global Markets, Inc.  | 111951 | 13756539 |
| CME Group, Inc.  | 379391 | 67023214 |
| FactSet Research Systems, Inc.  | 40089 | 16955242 |
| Houlihan Lokey  | 52422 | 5193448 |
| Intercontinental Exchange, Inc.  | 589467 | 63397176 |
| MarketAxess Holdings, Inc.  | 37103 | 13499927 |
| NASDAQ, Inc.  | 342641 | 20623562 |
| S&P Global, Inc.  | 91807 | 34422117 |
|  |  | 234871225 |
| Insurance - 6.3% |  |  |
| Allstate Corp.  | 285305 | 36653133 |
| Arthur J. Gallagher & Co.  | 222015 | 43452776 |
| Assurant, Inc.  | 56164 | 7446785 |
| Brown & Brown, Inc.  | 247454 | 14490906 |
| Chubb Ltd.  | 440831 | 100284644 |
| Erie Indemnity Co. Class A  | 26327 | 6433002 |
| Globe Life, Inc.  | 30394 | 3673115 |
| Hanover Insurance Group, Inc.  | 37613 | 5061958 |
| Marsh & McLennan Companies, Inc.  | 526727 | 92129820 |
| Progressive Corp.  | 617393 | 84181536 |
| RLI Corp.  | 40827 | 5407536 |
| Selective Insurance Group, Inc.  | 63680 | 6049600 |
| The Travelers Companies, Inc.  | 250490 | 47873649 |
| W.R. Berkley Corp.  | 215602 | 15122324 |
| Willis Towers Watson PLC  | 116072 | 29504342 |
|  |  | 497765126 |
| TOTAL FINANCIALS |  | 817355170 |
| HEALTH CARE - 16.0%  |  |  |
| Biotechnology - 1.5% |  |  |
| Amgen, Inc.  | 361569 | 91260016 |
| Vertex Pharmaceuticals, Inc. (a) | 78148 | 25249619 |
|  |  | 116509635 |
| Health Care Equipment & Supplies - 2.0% |  |  |
| Medtronic PLC  | 1262197 | 105633267 |
| ResMed, Inc.  | 154555 | 35295725 |
| STERIS PLC  | 97595 | 20154343 |
|  |  | 161083335 |
| Health Care Providers & Services - 3.1% |  |  |
| Chemed Corp.  | 15733 | 7947368 |
| UnitedHealth Group, Inc.  | 470109 | 234673712 |
|  |  | 242621080 |
| Pharmaceuticals - 9.4% |  |  |
| Eli Lilly & Co.  | 576276 | 198325385 |
| Johnson & Johnson  | 1423194 | 232578363 |
| Merck & Co., Inc.  | 2035673 | 218651637 |
| Royalty Pharma PLC  | 387586 | 15189495 |
| Zoetis, Inc. Class A  | 494133 | 81774070 |
|  |  | 746518950 |
| TOTAL HEALTH CARE |  | 1266733000 |
| INDUSTRIALS - 7.2%  |  |  |
| Aerospace & Defense - 3.0% |  |  |
| General Dynamics Corp.  | 2459 | 573095 |
| Huntington Ingalls Industries, Inc.  | 42166 | 9299290 |
| L3Harris Technologies, Inc.  | 196403 | 42191292 |
| Lockheed Martin Corp.  | 242474 | 112328505 |
| Northrop Grumman Corp.  | 153504 | 68775932 |
|  |  | 233168114 |
| Air Freight & Logistics - 0.3% |  |  |
| C.H. Robinson Worldwide, Inc.  | 130296 | 13051750 |
| Expeditors International of Washington, Inc.  | 120196 | 12999197 |
|  |  | 26050947 |
| Building Products - 0.1% |  |  |
| Lennox International, Inc. (b) | 32845 | 8560064 |
| Commercial Services & Supplies - 1.3% |  |  |
| Republic Services, Inc.  | 216759 | 27055858 |
| Rollins, Inc.  | 244287 | 8892047 |
| Waste Management, Inc.  | 397021 | 61431059 |
|  |  | 97378964 |
| Construction & Engineering - 0.1% |  |  |
| MDU Resources Group, Inc.  | 214642 | 6634584 |
| Industrial Conglomerates - 0.2% |  |  |
| 3M Co.  | 150562 | 17326675 |
| Machinery - 1.2% |  |  |
| Graco, Inc.  | 178506 | 12195530 |
| Otis Worldwide Corp.  | 432860 | 35594078 |
| PACCAR, Inc.  | 338748 | 37028544 |
| Toro Co.  | 110377 | 12309243 |
|  |  | 97127395 |
| Professional Services - 0.9% |  |  |
| Booz Allen Hamilton Holding Corp. Class A  | 139676 | 13218937 |
| Exponent, Inc.  | 53955 | 5532546 |
| FTI Consulting, Inc. (a)(b) | 36458 | 5815780 |
| Leidos Holdings, Inc.  | 139916 | 13829297 |
| Science Applications International Corp. (b) | 58776 | 6099773 |
| Verisk Analytics, Inc.  | 157248 | 28586114 |
|  |  | 73082447 |
| Road & Rail - 0.1% |  |  |
| Landstar System, Inc.  | 35949 | 6213066 |
| TOTAL INDUSTRIALS |  | 565542256 |
| INFORMATION TECHNOLOGY - 23.9%  |  |  |
| IT Services - 7.9% |  |  |
| Accenture PLC Class A  | 141397 | 39456833 |
| Akamai Technologies, Inc. (a) | 167783 | 14924298 |
| Amdocs Ltd.  | 129661 | 11919736 |
| Automatic Data Processing, Inc.  | 438589 | 99037782 |
| Broadridge Financial Solutions, Inc.  | 123736 | 18604945 |
| Fiserv, Inc. (a) | 595605 | 63539141 |
| Jack Henry & Associates, Inc.  | 76908 | 13850362 |
| MasterCard, Inc. Class A  | 112526 | 41702136 |
| Maximus, Inc.  | 63913 | 4783888 |
| Paychex, Inc.  | 338103 | 39172614 |
| VeriSign, Inc. (a) | 97573 | 21275793 |
| Visa, Inc. Class A  | 1106199 | 254658072 |
|  |  | 622925600 |
| Semiconductors & Semiconductor Equipment - 3.6% |  |  |
| Intel Corp.  | 4243139 | 119911108 |
| Texas Instruments, Inc.  | 944088 | 167301834 |
|  |  | 287212942 |
| Software - 8.5% |  |  |
| Black Knight, Inc. (a) | 164689 | 9978507 |
| Check Point Software Technologies Ltd. (a) | 107223 | 13638766 |
| Microsoft Corp.  | 2266174 | 561580574 |
| Oracle Corp.  | 717635 | 63481992 |
| Tyler Technologies, Inc. (a) | 43890 | 14166375 |
| UiPath, Inc. Class A (a)(b) | 284052 | 4363039 |
|  |  | 667209253 |
| Technology Hardware, Storage & Peripherals - 3.9% |  |  |
| Apple, Inc.  | 2121867 | 306164189 |
| TOTAL INFORMATION TECHNOLOGY |  | 1883511984 |
| MATERIALS - 4.5%  |  |  |
| Chemicals - 3.6% |  |  |
| Air Products & Chemicals, Inc.  | 234115 | 75036199 |
| Balchem Corp.  | 33905 | 4429010 |
| Ecolab, Inc.  | 233763 | 36193525 |
| Linde PLC  | 500111 | 165506734 |
|  |  | 281165468 |
| Construction Materials - 0.3% |  |  |
| Vulcan Materials Co.  | 134925 | 24735800 |
| Containers & Packaging - 0.6% |  |  |
| Aptargroup, Inc.  | 68965 | 7975113 |
| Ball Corp.  | 327403 | 19067951 |
| Packaging Corp. of America  | 95932 | 13689496 |
| Silgan Holdings, Inc.  | 88415 | 4764684 |
|  |  | 45497244 |
| TOTAL MATERIALS |  | 351398512 |
| REAL ESTATE - 5.4%  |  |  |
| Equity Real Estate Investment Trusts (REITs) - 5.4% |  |  |
| Agree Realty Corp.  | 84266 | 6288772 |
| American Tower Corp.  | 491439 | 109782558 |
| Crown Castle International Corp.  | 457084 | 67698711 |
| CubeSmart  | 236917 | 10848429 |
| Digital Realty Trust, Inc.  | 276897 | 31737934 |
| Equinix, Inc.  | 96132 | 70957913 |
| Equity Lifestyle Properties, Inc.  | 184626 | 13252454 |
| Essex Property Trust, Inc.  | 8150 | 1842471 |
| Extra Space Storage, Inc.  | 141348 | 22308955 |
| Life Storage, Inc.  | 89071 | 9623231 |
| Mid-America Apartment Communities, Inc.  | 24473 | 4080139 |
| Public Storage  | 166760 | 50751738 |
| Realty Income Corp.  | 105434 | 7151588 |
| Sun Communities, Inc.  | 130172 | 20418780 |
|  |  | 426743673 |
| UTILITIES - 5.0%  |  |  |
| Electric Utilities - 3.2% |  |  |
| Alliant Energy Corp.  | 264859 | 14310332 |
| American Electric Power Co., Inc.  | 542260 | 50950750 |
| Duke Energy Corp.  | 812723 | 83263471 |
| Evergy, Inc.  | 204558 | 12815559 |
| Eversource Energy  | 365680 | 30106434 |
| Hawaiian Electric Industries, Inc. (b) | 115547 | 4884172 |
| IDACORP, Inc.  | 53366 | 5646656 |
| Pinnacle West Capital Corp.  | 119321 | 8895381 |
| Xcel Energy, Inc.  | 577364 | 39705322 |
|  |  | 250578077 |
| Gas Utilities - 0.3% |  |  |
| Atmos Energy Corp.  | 147660 | 17355956 |
| Southwest Gas Corp.  | 65069 | 4355068 |
| Spire, Inc.  | 55408 | 4001566 |
|  |  | 25712590 |
| Multi-Utilities - 1.5% |  |  |
| Ameren Corp.  | 272717 | 23690926 |
| Black Hills Corp.  | 68694 | 4972072 |
| CMS Energy Corp.  | 306310 | 19355729 |
| Consolidated Edison, Inc.  | 374271 | 35671769 |
| DTE Energy Co.  | 20428 | 2377206 |
| WEC Energy Group, Inc.  | 332950 | 31293971 |
|  |  | 117361673 |
| Water Utilities - 0.0% |  |  |
| American Water Works Co., Inc.  | 25734 | 4027114 |
| TOTAL UTILITIES |  | 397679454 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $6,522,849,510) |  | <br> **7871999751** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** |
|  | Principal<br> Amount (c)<br>| Value ($)<br>|
| U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) <br>(Cost $981,243) <br>| 1000000 | **981226** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** | &nbsp;&nbsp;**Money Market Funds - 0.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Cash Central Fund 4.38% (e) | 12995137 | 12997736 |
| Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 14483530 | 14484979 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $27,482,715) |  | **27482715** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.0%**<br> (Cost $6,551,313,468)<br>| <br>**7900463692** |
| **NET OTHER ASSETS (LIABILITIES) - 0.0%** (g)  | **(1713778)** |
| **NET ASSETS - 100.0%** | **7898749914** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &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 Index Contracts |  |  |  |  |  |
| CME E-mini S&P 500 Index Contracts (United States) | 99 | Mar 2023 | 20245500 | 856383 | 856383 |
| CME E-mini S&P MidCap 400 Index Contracts (United States) | 26 | Mar 2023 | 6923540 | 428394 | 428394 |
| **TOTAL FUTURES CONTRACTS** |  |  |  |  | **1284777** |
| The notional amount of futures purchased as a percentage of Net Assets is 0.4% | The notional amount of futures purchased as a percentage of Net Assets is 0.4% | The notional amount of futures purchased as a percentage of Net Assets is 0.4% | The notional amount of futures purchased as a percentage of Net Assets is 0.4% | The notional amount of futures purchased as a percentage of Net Assets is 0.4% | The notional amount of futures purchased as a percentage of Net Assets is 0.4% |

---

**Legend**

(a) Non-income producing

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

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

(d) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $981,226.

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

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

(g) Includes $328,011 of cash collateral to cover margin requirements for futures contracts.

**Affiliated Central Funds**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund 4.38% | 17178803 | 386117066 | 390298133 | 212618 | - | - | 12997736 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 4.38% | 246547154 | 67640793 | 299702968 | 4266 | - | - | 14484979 | 0.0% |
| Total | 263725957 | 453757859 | 690001101 | 216884 | - | - | 27482715 |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity SAI U.S. Low Volatility Index Fund

- **b. EDGAR series identifier (if any):** S000049309

- **c. LEI of Series:** 549300MM0KGMKW9JYN69

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $7914821977.35

**Total Liabilities:** $17424317.64

**Net Assets:** $7897397659.71

**Cash Not Reported:** $1356.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000155834 | 5.17%                | -3.73%               | 2.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4554486.54             | $377768729.07                              |
| Month 2  | $3587746.66              | $-313106060.47                             |
| Month 3  | $-1022587.30             | $158011737.88                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DIGITAL REALTY TRUST INC                   | DIGITAL REALTY TRUST INC                      | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    276897 | NS      | $31737934.14  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP NEW                       | DUKE ENERGY CORP NEW                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    812723 | NS      | $83263471.35  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMED CORP                                | CHEMED CORP                                   | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     15733 | NS      | $7947367.62   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     96132 | NS      | $70957913.16  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC DEL                   | WASTE MANAGEMENT INC                          | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |    397021 | NS      | $61431059.33  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| HOULIHAN LOKEY                             | HOULIHAN LOKEY                                | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     52422 | NS      | $5193447.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC                          | OMNICOM GROUP INC                             | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    207399 | NS      | $17834240.01  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER and GAMBLE CO                      | PROCTER and GAMBLE CO                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   1627013 | NS      | $231654110.94 | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC                            | XCEL ENERGY INC                               | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    577364 | NS      | $39705322.28  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ INC                                 | NASDAQ INC                                    | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |    342641 | NS      | $20623561.79  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                    | EXTRA SPACE STORAGE INC                       | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141348 | NS      | $22308954.84  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ACTIVISION BLIZZARD INC                    | ACTIVISION BLIZZARD INC                       | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |    730425 | NS      | $55928642.25  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AT and T INC                               | AT and T INC                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   7329443 | NS      | $149300753.91 | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP                        | ALLIANT ENERGY CORPORATION                    | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    264859 | NS      | $14310331.77  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                  | AMGEN INC                                     | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    361569 | NS      | $91260015.60  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN and BROWN INC                        | BROWN and BROWN INC                           | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    247454 | NS      | $14490906.24  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                  | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   2121867 | NS      | $306164189.43 | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                            | T-MOBILE US INC                               | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    635363 | NS      | $94866049.53  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                             | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    211350 | NS      | $21796525.50  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CH ROBINSON WORLDWIDE INC                  | CH ROBINSON WORLDWIDE INC                     | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |    130296 | NS      | $13051750.32  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                             | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2266174 | NS      | $561580578.94 | 7.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC                                 | RESMED INC                                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |    154555 | NS      | $35295725.35  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON INC | EXPEDITORS INTL OF WASH INC                   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |    120196 | NS      | $12999197.40  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP OHIO                      | PROGRESSIVE CORP OHIO                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    617393 | NS      | $84181535.55  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                              | ACCENTURE PLC CL A                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |    141397 | NS      | $39456832.85  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC                         | S and P GLOBAL INC                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     91807 | NS      | $34422116.58  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                   | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   1106199 | NS      | $254658071.79 | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                          | EVERSOURCE ENERGY                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    365680 | NS      | $30106434.40  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                                  | LINDE PLC                                     | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | IE        |    500111 | NS      | $165506734.34 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HANOVER INS GROUP INC                      | HANOVER INSURANCE GROUP INC                   | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     37613 | NS      | $5061957.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP DEL                             | US BANCORP DEL                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   1267159 | NS      | $63104518.20  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCE BANCSHARES INC/MO                 | COMMERCE BANCSHARES INC                       | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120909 | NS      | $8047703.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                                      | 3M CO                                         | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    150562 | NS      | $17326674.96  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                               | AUTOZONE INC                                  | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |     20570 | NS      | $50167144.50  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM BRANDS INC                             | YUM BRANDS INC                                | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     41092 | NS      | $5362916.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                        | SUN COMMUNITIES INC - REIT                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    130172 | NS      | $20418779.92  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP                        | KIMBERLY CLARK CORP                           | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |    356369 | NS      | $46331533.69  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| POOL CORP                                  | POOL CORP                                     | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     37663 | NS      | $14523229.43  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                              | CME GROUP INC CL A                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    379391 | NS      | $67023214.06  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHS LTD             | CHECK POINT SOFTWARE TECHS LTD                | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |    107223 | NS      | $13638765.60  | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| CHUBB LTD                                  | CHUBB LTD                                     | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |    440831 | NS      | $100284644.19 | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                     | CHESAPEAKE ENERGY CORP                        | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    102047 | NS      | $8849515.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                  | CUBESMART                                     | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    236917 | NS      | $10848429.43  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LIFE STORAGE INC                           | LIFE STORAGE INC                              | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |     89071 | NS      | $9623230.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP                        | OTIS WORLDWIDE CORP                           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    432860 | NS      | $35594077.80  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                 | PACCAR INC                                    | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    338748 | NS      | $37028543.88  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TORO CO                                    | TORO CO                                       | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    110377 | NS      | $12309243.04  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER CO INC             | AMERICAN ELECTRIC POWER CO INC                | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    542260 | NS      | $50950749.60  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI CONSULTING INC                         | FTI CONSULTING INC                            | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     36458 | NS      | $5815780.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| MEDTRONIC PLC                              | MEDTRONIC PLC                                 | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   1262197 | NS      | $105633266.93 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP                      | GENERAL DYNAMICS CORPORATION                  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2459 | NS      | $573094.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK and CO INC                           | MERCK and CO INC NEW                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   2035673 | NS      | $218651636.93 | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                             | PUBLIC STORAGE                                | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |    166760 | NS      | $50751738.40  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS INC                          | GENERAL MILLS INC                             | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |    628788 | NS      | $49271827.68  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING INC              | AUTOMATIC DATA PROCESSING INC                 | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    438589 | NS      | $99037782.09  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                | ORACLE CORP                                   | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    717635 | NS      | $63481992.10  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK KNIGHT INC                           | BLACK KNIGHT INC                              | CUSIP: 09215C105<br>LEI: 549300TUSNXS3BFFML48 | Long             | EC               | CORP              | US        |    164689 | NS      | $9978506.51   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BALL CORP                                  | BALL CORP                                     | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |    327403 | NS      | $19067950.72  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                         | ROYALTY PHARMA PLC                            | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | GB        |    387586 | NS      | $15189495.34  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JM SMUCKER CO/THE                          | JM SMUCKER CO/THE                             | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |    112475 | NS      | $17186180.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                                 | INTEL CORP                                    | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   4243139 | NS      | $119911108.14 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS and CHEMICALS INC             | AIR PRODUCTS and CHEMICALS INC                | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    234115 | NS      | $75036198.65  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                        | VULCAN MATERIALS CO                           | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |    134925 | NS      | $24735800.25  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS CO INC                | AMERICAN WATER WRKS COMPANY                   | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     25734 | NS      | $4027113.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TYLER TECHNOLOGIES INC                     | TYLER TECHNOLOGIES INC                        | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     43890 | NS      | $14166375.30  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM CHINA HOLDINGS INC                     | YUM CHINA HOLDINGS INC                        | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |    442869 | NS      | $27285159.09  | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| HORMEL FOODS CORP                          | HORMEL FOODS CORP                             | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    305480 | NS      | $13841298.80  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BALCHEM CORP                               | BALCHEM CORP                                  | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     33905 | NS      | $4429010.15   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                             | HOME DEPOT INC                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    743474 | NS      | $241011966.58 | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO                       | COLGATE-PALMOLIVE CO                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    880436 | NS      | $65618895.08  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GEN CORP NEW                        | DOLLAR GENERAL CORP                           | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    239601 | NS      | $55970793.60  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON INC                    | CONSOLIDATED EDISON INC                       | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |    374271 | NS      | $35671769.01  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                          | TJX COMPANIES INC NEW                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    373217 | NS      | $30551543.62  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MCCORMICK and CO INC                       | MCCORMICK and CO INC NON-VTG                  | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    234044 | NS      | $17581385.28  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH and MCLENNAN COS INC                 | MARSH and MCLENNAN COS INC                    | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    526727 | NS      | $92129819.57  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTEX CORP                                | GENTEX CORP                                   | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    248186 | NS      | $7323968.86   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORP                                | AMEREN CORP                                   | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    272717 | NS      | $23690925.79  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI CORP                                   | RLI CORP                                      | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     40827 | NS      | $5407536.15   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PLC                   | WILLIS TOWERS WATSON PLC                      | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |    116072 | NS      | $29504341.68  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORP INTERNATIONAL INC             | SERVICE CORP INTERNATIONAL INC                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    166430 | NS      | $12340784.50  | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| WALMART INC                                | WALMART INC                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    323800 | NS      | $46585106.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC                   | MARKETAXESS HLDGS INC                         | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     37103 | NS      | $13499926.55  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GLACIER BANCORP INC                        | GLACIER BANCORP INC                           | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    116915 | NS      | $5330154.85   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UIPATH INC                                 | UIPATH INC A                                  | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |    284052 | NS      | $4363038.72   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| CMS ENERGY CORP                            | CMS ENERGY CORP                               | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    306310 | NS      | $19355728.90  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP INC                                | IDACORP INC                                   | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     53366 | NS      | $5646656.46   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS INC                                | ROLLINS INC                                   | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    244287 | NS      | $8892046.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC                             | GLOBE LIFE INC                                | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     30394 | NS      | $3673114.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC                | S and P MID 400 EMINI FUT MAR23 FAH3          | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |        24 | NC      | $428312.51    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO               | ARTHUR J GALLAGHAR AND CO                     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    222015 | NS      | $43452775.80  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROUP INC              | SELECTIVE INSURANCE GROUP INC                 | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     63680 | NS      | $6049600.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINOS PIZZA INC                          | DOMINOS PIZZA INC                             | CUSIP: 25754A201<br>LEI: 5299004V0Y8MI5D9FF45 | Long             | EC               | CORP              | US        |     37878 | NS      | $13370934.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKLEY WR CORP                            | BERKLEY (WR) CORP                             | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |    215602 | NS      | $15122324.28  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                  | L3HARRIS TECHNOLOGIES INC                     | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    196403 | NS      | $42191292.46  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS INC                                | MAXIMUS INC                                   | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     63913 | NS      | $4783888.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                                 | FISERV INC                                    | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    595605 | NS      | $63539141.40  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LILLY (ELI) and CO                         | LILLY (ELI) and CO                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    576276 | NS      | $198325385.40 | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| APTARGROUP INC                             | APTARGROUP INC                                | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     68965 | NS      | $7975112.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC                       | VERISK ANALYTICS INC                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    157248 | NS      | $28586113.92  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH and DWIGHT INC                      | CHURCH and DWIGHT CO INC                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |    256397 | NS      | $20732261.42  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOROX CO                                  | CLOROX CO                                     | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |    130002 | NS      | $18809989.38  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHEY CO                                 | HERSHEY CO (THE)                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |    155025 | NS      | $34818615.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRE INC                                  | SPIRE INC                                     | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     55408 | NS      | $4001565.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                           | CROWN CASTLE INC                              | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    457084 | NS      | $67698711.24  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PL                                  | STERIS PLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |     97595 | NS      | $20154343.45  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN INC                               | VERISIGN INC                                  | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     97573 | NS      | $21275792.65  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                           | WILLIAMS COMPANIES INC                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1286191 | NS      | $41466797.84  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                  | UST BILLS 0% 06/29/2023                       | CUSIP: 912796ZR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $981225.93    | 0.01%             | 2023-06-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC              | INTERCONTINENTAL EXCHANGE INC                 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    589467 | NS      | $63397175.85  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC               | FACTSET RESEARCH SYSTEMS INC                  | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     40089 | NS      | $16955241.66  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC.                     | TEXAS INSTRUMENTS INC                         | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    944088 | NS      | $167301834.48 | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINL SOLUTIONS INC              | BROADRIDGE FINANCIAL SOL                      | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |    123736 | NS      | $18604944.96  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                                 | ZOETIS INC CL A                               | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    494133 | NS      | $81774070.17  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APT CMNTYS INC                 | MID AMERICA APT CMNTY INC                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     24473 | NS      | $4080138.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC                   | LENNOX INTERNATIONAL INC                      | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |     32845 | NS      | $8560063.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| KINDER MORGAN INC DEL                      | KINDER MORGAN INC                             | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   2092731 | NS      | $38296977.30  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                 | VERIZON COMMUNICATIONS INC                    | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   4432911 | NS      | $184276110.27 | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust               | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  12995137 | NS      | $12997736.49  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP                       | LOCKHEED MARTIN CORP                          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |    242474 | NS      | $112328505.24 | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                         | REALTY INCOME CORP REIT                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    105434 | NS      | $7151588.22   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL BANKSHARES INC             | FIRST FINL BANKSHARES INC                     | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    136917 | NS      | $4876983.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORP                           | BLACK HILLS CORP                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     68694 | NS      | $4972071.72   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY INC                         | COTERRA ENERGY INC                            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    839772 | NS      | $21019493.16  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMPBELL SOUP CO                           | CAMPBELL SOUP CO                              | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     28864 | NS      | $1498907.52   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS INC                    | CBOE GLOBAL MARKETS INC                       | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |    111951 | NS      | $13756538.88  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC                 | VERTEX PHARMACEUTICALS INC                    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     78148 | NS      | $25249618.80  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                              | ALLSTATE CORPORATION                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    285305 | NS      | $36653133.35  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALDS CORP                             | MCDONALDS CORP                                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    698316 | NS      | $186729698.40 | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LANDSTAR SYSTEM INC                        | LANDSTAR SYSTEM INC                           | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     35949 | NS      | $6213065.67   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                      | NORTHROP GRUMMAN CORP                         | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    153504 | NS      | $68775932.16  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP NEW                           | CHEVRON CORP                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    802991 | NS      | $139736493.82 | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES INC          | HUNTINGTON INGALLS INDUSTRIES INC             | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |     42166 | NS      | $9299289.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDING CORP           | BOOZ ALLEN HAMILTON HLDG CL A                 | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    139676 | NS      | $13218936.64  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                       | WEC ENERGY GROUP INC                          | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    332950 | NS      | $31293970.50  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PACKAGING CORP OF AMERICA                  | PACKAGING CORP OF AMERICA                     | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     95932 | NS      | $13689496.40  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP                          | ATMOS ENERGY CORP                             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    147660 | NS      | $17355956.40  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC                          | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    250490 | NS      | $47873648.80  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY INC                                 | EVERGY INC                                    | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    204558 | NS      | $12815558.70  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP                         | CVB FINANCIAL CORP                            | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138706 | NS      | $3359459.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP    | SCIENCE APPLICATIONS INTERNATIONAL CORP       | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     58776 | NS      | $6099773.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| MDU RESOURCES GROUP INC                    | MDU RESOURCES GROUP INC                       | CUSIP: 552690109<br>LEI: 0T6SBMK3JTBI1JR36794 | Long             | EC               | CORP              | US        |    214642 | NS      | $6634584.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GARMIN LTD                                 | GARMIN LTD                                    | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |    162851 | NS      | $16102706.88  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SILGAN HOLDINGS INC                        | SILGAN HOLDINGS INC                           | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     88415 | NS      | $4764684.35   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES INC            | EQUITY LIFESTYLE PPTYS INC                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    184626 | NS      | $13252454.28  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust               | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  16724856 | NS      | $16726528.67  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                                 | ECOLAB INC                                    | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |    233763 | NS      | $36193525.29  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                               | ASSURANT INC                                  | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     56164 | NS      | $7446784.76   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORP                          | AGREE REALTY CORP                             | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84266 | NS      | $6288771.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                             | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    112526 | NS      | $41702135.60  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC                   | ESSEX PROPERTY TRUST INC                      | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      8150 | NS      | $1842470.50   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                                | PAYCHEX INC                                   | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |    338103 | NS      | $39172613.58  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GRACO INC                                  | GRACO INC                                     | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    178506 | NS      | $12195529.92  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LEIDOS HLDGS INC                           | LEIDOS HOLDINGS INC                           | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |    139916 | NS      | $13829297.44  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                              | DTE ENERGY CO                                 | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     20428 | NS      | $2377206.36   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                | PEPSICO INC                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    395916 | NS      | $67709554.32  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                     | UNITEDHEALTH GROUP INC                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    470109 | NS      | $234673711.71 | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                        | AMERICAN TOWER CORP                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    491439 | NS      | $109782558.21 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPONENT INC                               | EXPONENT INC                                  | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     53955 | NS      | $5532545.70   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWERS FOODS INC                          | FLOWERS FOODS INC                             | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    203672 | NS      | $5639677.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HENRY (JACK) and ASSOCIATES                | HENRY (JACK) and ASSOCIATES INC               | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     76908 | NS      | $13850361.72  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LIMITED                             | AMDOCS LTD                                    | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |    129661 | NS      | $11919735.73  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON and JOHNSON                        | JOHNSON and JOHNSON                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   1423194 | NS      | $232578363.48 | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN ELECTRIC INDUSTRIES INC           | HAWAIIAN ELECTRIC INDS INC                    | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |    115547 | NS      | $4884171.69   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| PINNACLE WEST CAPITAL CORP                 | PINNACLE WEST CAPITAL CORP                    | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    119321 | NS      | $8895380.55   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY CO                          | TRACTOR SUPPLY CO.                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     26831 | NS      | $6117199.69   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC                | S and P500 EMINI FUT MAR23 ESH3               | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |        92 | NC      | $856507.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC                      | REPUBLIC SERVICES INC                         | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    216759 | NS      | $27055858.38  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                               | ALPHABET INC CL A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    622021 | NS      | $61480555.64  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                    | AKAMAI TECHNOLOGIES INC                       | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    167783 | NS      | $14924297.85  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DT MIDSTREAM INC                           | DT MIDSTREAM INC                              | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102105 | NS      | $5581059.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| KELLOGG CO                                 | KELLOGG CO                                    | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |    269249 | NS      | $18465096.42  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS CORP                         | SOUTHWEST GAS HOLDINGS INC                    | CUSIP: 844895102<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | EC               | CORP              | US        |     65069 | NS      | $4355068.17   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ERIE INDEMNITY CO                          | ERIE INDEMNITY CO CL A                        | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |     26327 | NS      | $6433002.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer