# EDGAR Filing Document

**Accession Number:** 0000035341
**File Stem:** 0001752724-25-160146
**Filing Date:** 2025-6
**Character Count:** 82228
**Document Hash:** 902ca6ee09ea22fda043e814c039c6ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-160146.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-160146

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY DEVONSHIRE TRUST
- **CENTRAL INDEX KEY:** 0000035341

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01352
- **FILM NUMBER:** 251080084

**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 EQUITY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVEREST FUND INC
- **DATE OF NAME CHANGE:** 19751117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EVEREST INCOME FUND INC
- **DATE OF NAME CHANGE:** 19690420

## Series and Classes Contracts Data

### Fidelity Series Stock Selector Large Cap Value Fund (Series ID: S000039218)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000120653 | Fidelity Series Stock Selector Large Cap Value Fund | FBLEX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Series Stock Selector Large Cap Value Fund**

**April 30, 2025**

LDT-NPRT1-0625

1.950976.112 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 96.2%** | &nbsp;&nbsp;**Common Stocks - 96.2%** | &nbsp;&nbsp;**Common Stocks - 96.2%** |
|  | Shares | Value ($)<br>|
| BAILIWICK OF JERSEY - 0.3%  |  |  |
| Consumer Discretionary - 0.3% |  |  |
| Automobile Components - 0.3% |  |  |
| Aptiv PLC  | 692100 | 39491226 |
| CANADA - 1.0%  |  |  |
| Energy - 1.0% |  |  |
| Oil, Gas & Consumable Fuels - 1.0% |  |  |
| Imperial Oil Ltd (a) | 933900 | 62993879 |
| MEG Energy Corp  | 3778600 | 53008939 |
| TOTAL CANADA |  | 116002818 |
| FRANCE - 1.0%  |  |  |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| BNP Paribas SA  | 165500 | 14022729 |
| Information Technology - 0.9% |  |  |
| IT Services - 0.9% |  |  |
| Capgemini SE  | 682668 | 108989540 |
| TOTAL FRANCE |  | 123012269 |
| ISRAEL - 0.1%  |  |  |
| Health Care - 0.1% |  |  |
| Pharmaceuticals - 0.1% |  |  |
| Teva Pharmaceutical Industries Ltd ADR (b) | 508800 | 7891488 |
| PORTUGAL - 0.3%  |  |  |
| Energy - 0.3% |  |  |
| Oil, Gas & Consumable Fuels - 0.3% |  |  |
| Galp Energia SGPS SA  | 2566800 | 39769440 |
| TAIWAN - 0.4%  |  |  |
| Information Technology - 0.4% |  |  |
| Semiconductors & Semiconductor Equipment - 0.4% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 283558 | 47266283 |
| UNITED STATES - 93.1%  |  |  |
| Communication Services - 4.3% |  |  |
| Diversified Telecommunication Services - 1.5% |  |  |
| Verizon Communications Inc  | 3957076 | 174348769 |
| Entertainment - 1.0% |  |  |
| Walt Disney Co/The  | 1269426 | 115454295 |
| Interactive Media & Services - 0.2% |  |  |
| Alphabet Inc Class A  | 149339 | 23715033 |
| Media - 1.6% |  |  |
| Comcast Corp Class A  | 4500321 | 153910979 |
| Omnicom Group Inc (a) | 550315 | 41911990 |
|  |  | 195822969 |
| Wireless Telecommunication Services - 0.0% |  |  |
| T-Mobile US Inc  | 16038 | 3960583 |
| TOTAL COMMUNICATION SERVICES |  | 513301649 |
| Consumer Discretionary - 5.4% |  |  |
| Automobiles - 0.4% |  |  |
| General Motors Co  | 1142700 | 51695748 |
| Hotels, Restaurants & Leisure - 2.0% |  |  |
| Hilton Worldwide Holdings Inc  | 421700 | 95084916 |
| McDonald's Corp  | 443200 | 141668880 |
|  |  | 236753796 |
| Household Durables - 0.6% |  |  |
| Newell Brands Inc  | 207300 | 990894 |
| Somnigroup International Inc  | 1129100 | 68942846 |
|  |  | 69933740 |
| Specialty Retail - 2.4% |  |  |
| Dick's Sporting Goods Inc  | 393100 | 73800594 |
| Lowe's Cos Inc  | 741300 | 165725028 |
| Williams-Sonoma Inc  | 303400 | 46866198 |
|  |  | 286391820 |
| TOTAL CONSUMER DISCRETIONARY |  | 644775104 |
| Consumer Staples - 8.0% |  |  |
| Beverages - 2.1% |  |  |
| Coca-Cola Co/The  | 1562200 | 113337610 |
| Coca-Cola Consolidated Inc  | 11550 | 15659606 |
| Constellation Brands Inc Class A  | 200300 | 37564262 |
| Keurig Dr Pepper Inc  | 1608800 | 55648392 |
| Molson Coors Beverage Co Class B  | 77400 | 4452822 |
| Monster Beverage Corp (b) | 136900 | 8230428 |
| PepsiCo Inc  | 106100 | 14385038 |
|  |  | 249278158 |
| Consumer Staples Distribution & Retail - 2.2% |  |  |
| Albertsons Cos Inc Class A  | 373300 | 8205134 |
| Casey's General Stores Inc  | 18500 | 8557915 |
| Dollar General Corp  | 82800 | 7757532 |
| Performance Food Group Co (b) | 80900 | 6525394 |
| Target Corp  | 291700 | 28207390 |
| Walmart Inc  | 2093713 | 203613589 |
|  |  | 262866954 |
| Food Products - 0.9% |  |  |
| Archer-Daniels-Midland Co  | 272900 | 13030975 |
| Bunge Global SA  | 170000 | 13382400 |
| Conagra Brands Inc  | 93200 | 2302972 |
| Freshpet Inc (b) | 36700 | 2698918 |
| Hershey Co/The  | 21600 | 3611304 |
| JM Smucker Co  | 168800 | 19626376 |
| Kraft Heinz Co/The  | 101200 | 2944920 |
| Lamb Weston Holdings Inc  | 128300 | 6775523 |
| Mondelez International Inc  | 658052 | 44833083 |
|  |  | 109206471 |
| Household Products - 1.5% |  |  |
| Energizer Holdings Inc  | 91700 | 2479568 |
| Procter & Gamble Co/The  | 1062472 | 172726073 |
| Reynolds Consumer Products Inc  | 152600 | 3509800 |
|  |  | 178715441 |
| Personal Care Products - 0.3% |  |  |
| Estee Lauder Cos Inc/The Class A  | 91500 | 5486340 |
| Kenvue Inc  | 1117400 | 26370640 |
|  |  | 31856980 |
| Tobacco - 1.0% |  |  |
| Philip Morris International Inc  | 701700 | 120243312 |
| TOTAL CONSUMER STAPLES |  | 952167316 |
| Energy - 5.3% |  |  |
| Oil, Gas & Consumable Fuels - 5.3% |  |  |
| Cheniere Energy Inc  | 283200 | 65450352 |
| Core Natural Resources Inc  | 454558 | 32823633 |
| Exxon Mobil Corp  | 2772300 | 292838049 |
| Phillips 66  | 923500 | 96099410 |
| Shell PLC ADR  | 1186200 | 76486176 |
| Targa Resources Corp  | 434900 | 74324410 |
|  |  | 638022030 |
| Financials - 22.5% |  |  |
| Banks - 7.8% |  |  |
| Bank of America Corp  | 6659715 | 265589434 |
| Comerica Inc (a) | 571700 | 30728875 |
| First Horizon Corp  | 3298066 | 59629033 |
| JPMorgan Chase & Co  | 597638 | 146194208 |
| KeyCorp  | 1985434 | 29463841 |
| US Bancorp  | 3639678 | 146824611 |
| Wells Fargo & Co  | 3556094 | 252518235 |
|  |  | 930948237 |
| Capital Markets - 6.5% |  |  |
| Bank of New York Mellon Corp/The  | 1768379 | 142195355 |
| Blackrock Inc  | 145584 | 133101628 |
| Charles Schwab Corp/The  | 1698950 | 138294530 |
| Intercontinental Exchange Inc  | 739652 | 124239346 |
| KKR & Co Inc Class A  | 73200 | 8364564 |
| LPL Financial Holdings Inc  | 146441 | 46830367 |
| MarketAxess Holdings Inc  | 406354 | 90043983 |
| Morgan Stanley  | 395502 | 45648841 |
| State Street Corp  | 514675 | 45342868 |
|  |  | 774061482 |
| Consumer Finance - 0.3% |  |  |
| SLM Corp  | 1525800 | 44110878 |
| Financial Services - 2.4% |  |  |
| Affirm Holdings Inc Class A (b) | 326737 | 16258432 |
| Apollo Global Management Inc  | 328072 | 44775267 |
| Berkshire Hathaway Inc Class B (b) | 152568 | 81356886 |
| Block Inc Class A (b) | 630433 | 36861418 |
| Fiserv Inc (b) | 557726 | 102939488 |
|  |  | 282191491 |
| Insurance - 5.5% |  |  |
| Arthur J Gallagher & Co  | 481557 | 154430514 |
| Chubb Ltd  | 753600 | 215589889 |
| Hartford Insurance Group Inc/The  | 1555426 | 190804107 |
| Progressive Corp/The  | 40900 | 11523166 |
| The Travelers Companies, Inc.  | 327530 | 86510499 |
|  |  | 658858175 |
| TOTAL FINANCIALS |  | 2690170263 |
| Health Care - 13.4% |  |  |
| Biotechnology - 2.3% |  |  |
| AbbVie Inc  | 622500 | 121449750 |
| Gilead Sciences Inc  | 701400 | 74727156 |
| Moderna Inc (b) | 63300 | 1806582 |
| Regeneron Pharmaceuticals Inc  | 52000 | 31135520 |
| Vertex Pharmaceuticals Inc (b) | 79200 | 40352400 |
|  |  | 269471408 |
| Health Care Equipment & Supplies - 4.0% |  |  |
| Abbott Laboratories  | 845600 | 110562200 |
| Becton Dickinson & Co  | 362100 | 74987289 |
| Boston Scientific Corp (b) | 1426000 | 146692620 |
| Edwards Lifesciences Corp (b) | 218500 | 16494565 |
| Medtronic PLC  | 327000 | 27716520 |
| Stryker Corp  | 252400 | 94377408 |
|  |  | 470830602 |
| Health Care Providers & Services - 3.7% |  |  |
| Cencora Inc  | 265300 | 77645351 |
| Centene Corp (b) | 149659 | 8957091 |
| Cigna Group/The  | 163700 | 55664548 |
| CVS Health Corp  | 607500 | 40526325 |
| HCA Healthcare Inc  | 50800 | 17530064 |
| Humana Inc  | 49850 | 13072664 |
| McKesson Corp  | 16700 | 11903593 |
| Molina Healthcare Inc (b) | 101700 | 33256917 |
| Tenet Healthcare Corp (b) | 34400 | 4917480 |
| UnitedHealth Group Inc  | 443400 | 182432496 |
|  |  | 445906529 |
| Life Sciences Tools & Services - 1.1% |  |  |
| Danaher Corp  | 77100 | 15368343 |
| Thermo Fisher Scientific Inc  | 283200 | 121492800 |
|  |  | 136861143 |
| Pharmaceuticals - 2.3% |  |  |
| Bristol-Myers Squibb Co  | 726700 | 36480340 |
| Johnson & Johnson  | 1145306 | 179022781 |
| Pfizer Inc  | 2371100 | 57878551 |
|  |  | 273381672 |
| TOTAL HEALTH CARE |  | 1596451354 |
| Industrials - 13.6% |  |  |
| Aerospace & Defense - 5.6% |  |  |
| Boeing Co (b) | 1356815 | 248622781 |
| GE Aerospace  | 734952 | 148122226 |
| Howmet Aerospace Inc  | 594700 | 82413526 |
| Northrop Grumman Corp  | 253056 | 123111744 |
| RTX Corp  | 499892 | 63051378 |
|  |  | 665321655 |
| Air Freight & Logistics - 0.1% |  |  |
| FedEx Corp  | 91937 | 19337109 |
| Electrical Equipment - 0.4% |  |  |
| Emerson Electric Co  | 489400 | 51440834 |
| Ground Transportation - 3.5% |  |  |
| Knight-Swift Transportation Holdings Inc  | 1446700 | 56667239 |
| Norfolk Southern Corp  | 1024400 | 229516820 |
| U-Haul Holding Co Class N  | 2309083 | 126537748 |
|  |  | 412721807 |
| Industrial Conglomerates - 0.3% |  |  |
| 3M Co  | 282516 | 39244298 |
| Machinery - 3.7% |  |  |
| Allison Transmission Holdings Inc  | 2293200 | 211524768 |
| Westinghouse Air Brake Technologies Corp  | 1237500 | 228615750 |
|  |  | 440140518 |
| TOTAL INDUSTRIALS |  | 1628206221 |
| Information Technology - 7.5% |  |  |
| Communications Equipment - 1.4% |  |  |
| Cisco Systems Inc  | 2934745 | 169422829 |
| Electronic Equipment, Instruments & Components - 1.6% |  |  |
| Crane NXT Co  | 358500 | 16820820 |
| Jabil Inc  | 329500 | 48291520 |
| TD SYNNEX Corp  | 618500 | 68529800 |
| Vontier Corp  | 1895444 | 60294074 |
|  |  | 193936214 |
| IT Services - 0.9% |  |  |
| Amdocs Ltd  | 1198612 | 106173051 |
| Semiconductors & Semiconductor Equipment - 2.1% |  |  |
| GlobalFoundries Inc (b) | 1283700 | 45019359 |
| Marvell Technology Inc  | 652800 | 38103936 |
| ON Semiconductor Corp (b) | 1881200 | 74683640 |
| QUALCOMM Inc  | 573200 | 85097272 |
|  |  | 242904207 |
| Software - 1.0% |  |  |
| Dropbox Inc Class A (b) | 2399900 | 68517145 |
| Zoom Communications Inc Class A (b) | 663500 | 51447790 |
|  |  | 119964935 |
| Technology Hardware, Storage & Peripherals - 0.5% |  |  |
| Seagate Technology Holdings PLC  | 638000 | 58077139 |
| TOTAL INFORMATION TECHNOLOGY |  | 890478375 |
| Materials - 3.7% |  |  |
| Chemicals - 1.5% |  |  |
| Chemours Co/The  | 2629700 | 32555686 |
| Corteva Inc  | 1428500 | 88552715 |
| Olin Corp  | 1287251 | 27830367 |
| Westlake Corp  | 323000 | 29854890 |
|  |  | 178793658 |
| Construction Materials - 0.7% |  |  |
| CRH PLC  | 942400 | 89923808 |
| Containers & Packaging - 1.5% |  |  |
| International Paper Co  | 1431200 | 65377216 |
| O-I Glass Inc (b) | 3734093 | 47273617 |
| Smurfit WestRock PLC  | 1559600 | 65534392 |
|  |  | 178185225 |
| TOTAL MATERIALS |  | 446902691 |
| Real Estate - 4.7% |  |  |
| Health Care REITs - 0.8% |  |  |
| Welltower Inc  | 624900 | 95353491 |
| Industrial REITs - 0.2% |  |  |
| Prologis Inc  | 286063 | 29235639 |
| Office REITs - 0.1% |  |  |
| Kilroy Realty Corp  | 511200 | 16107911 |
| Real Estate Management & Development - 0.2% |  |  |
| CBRE Group Inc Class A (b) | 238500 | 29139930 |
| Residential REITs - 1.2% |  |  |
| Invitation Homes Inc  | 2447000 | 83662930 |
| Mid-America Apartment Communities Inc  | 159400 | 25448210 |
| Sun Communities Inc  | 279600 | 34790628 |
|  |  | 143901768 |
| Retail REITs - 0.4% |  |  |
| Curbline Properties Corp  | 712398 | 16306790 |
| NNN REIT Inc  | 734100 | 30178851 |
|  |  | 46485641 |
| Specialized REITs - 1.8% |  |  |
| American Tower Corp  | 275200 | 62032832 |
| CubeSmart  | 1359700 | 55298999 |
| Equinix Inc  | 78050 | 67181538 |
| Public Storage Operating Co  | 66800 | 20068724 |
|  |  | 204582093 |
| TOTAL REAL ESTATE |  | 564806473 |
| Utilities - 4.7% |  |  |
| Electric Utilities - 3.1% |  |  |
| Constellation Energy Corp  | 362733 | 81049062 |
| Edison International  | 901401 | 48233967 |
| Evergy Inc  | 1077300 | 74441430 |
| Eversource Energy  | 1429600 | 85032608 |
| PG&E Corp  | 5255148 | 86815045 |
|  |  | 375572112 |
| Independent Power and Renewable Electricity Producers - 0.7% |  |  |
| AES Corp/The  | 4551700 | 45517000 |
| Vistra Corp  | 248900 | 32264907 |
|  |  | 77781907 |
| Multi-Utilities - 0.9% |  |  |
| Sempra  | 1485100 | 110298377 |
| TOTAL UTILITIES |  | 563652396 |
| TOTAL UNITED STATES |  | 11128933872 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $9,473,760,921) |  | <br> **11502367396** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 1.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 1.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 1.0%** |
|  | Shares | Value ($)<br>|
| iShares Russell 1000 Value ETF (a)<br>(Cost $120,298,773)<br>| 647700 | **118056279** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (c) | 4.33 | 305493183 | 305554281 |
| Fidelity Securities Lending Cash Central Fund (c)(d) | 4.33 | 43540346 | 43544700 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $349,098,121) |  |  | **349098981** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.1%**<br> (Cost $9,943,157,815)<br>| <br>**11969522656** |
| **NET OTHER ASSETS (LIABILITIES) - (0.1)%**  | **(17148861)** |
| **NET ASSETS - 100.0%** | **11952373795** |

---

**Security Type Abbreviations**

ETF - EXCHANGE-TRADED FUND

**Legend**

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

(b) Non-income producing

(c) 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.

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

**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 | 162815033 | 696303056 | 553563808 | 2679565 | - | - | 305554281 | 305493183 | 0.5% |
| Fidelity Securities Lending Cash Central Fund | 55457250 | 441891602 | 453804152 | 21811 | - | - | 43544700 | 43540346 | 0.1% |
| Total | 218272283 | 1138194658 | 1007367960 | 2701376 | - | - | 349098981 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-01352

- **c. CIK number of Registrant:** 0000035341

- **d. LEI of Registrant:** 2YVQGEKVQ2H3HLS69325

- **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 Series Stock Selector Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000039218

- **c. LEI of Series:** 549300ONZNOHYHHP0A65

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $11789690797.96

**Total Liabilities:** $42393085.63

**Net Assets:** $11747297712.33

**Cash Not Reported:** $481616.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000120653 | -0.69%               | -2.46%               | -2.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $137532436.95            | $-237522132.69                             |
| Month 2  | $102799235.06            | $-435237365.99                             |
| Month 3  | $38636226.36             | $-405434436.91                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOMNIGROUP INTERNATIONAL INC                        | SOMNIGROUP INTERNATIONAL INC                  | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |   1117700 | NS      | $68246762.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO                                   | GENERAL MOTORS CO                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |   1131200 | NS      | $51175488.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                         | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     78050 | NS      | $67181537.50  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                        | THERMO FISHER SCIENTIFIC INC                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    283200 | NS      | $121492800.00 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                                            | AES CORP                                      | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |   4283200 | NS      | $42832000.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                   | STATE STREET CORP                             | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    504875 | NS      | $44479487.50  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                            | LAMB WESTON HOLDINGS INC                      | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    126300 | NS      | $6669903.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG ENERGY CORP                                     | MEG ENERGY CORP                               | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |   3778600 | NS      | $53008939.50  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                                         | PHILLIPS 66                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    923500 | NS      | $96099410.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC                                   | OMNICOM GROUP INC                             | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    516729 | NS      | $39354080.64  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| PROCTER and GAMBLE CO                               | PROCTER and GAMBLE CO                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   1051672 | NS      | $170970317.04 | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR and CO INC                                      | KKR and CO INC                                | CUSIP: 48251W104<br>LEI: 549300JOHU21WRN2Z451 | Long             | EC               | CORP              | US        |     73200 | NS      | $8364564.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECH CORP                    | WESTINGHOUSE AIR BRAKE TECH CORP              | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |   1209800 | NS      | $223498452.00 | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                           | SHELL PLC SPONS ADR                           | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1186200 | NS      | $76486176.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                              | INTERNATIONAL PAPER CO                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   1315000 | NS      | $60069200.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                          | ABBVIE INC                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    622500 | NS      | $121449750.00 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS INC                                  | CONAGRA BRANDS INC                            | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     93200 | NS      | $2302972.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC                                           | JABIL INC                                     | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |    343700 | NS      | $50372672.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX INC                                         | DROPBOX INC CL A                              | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |   2399900 | NS      | $68517145.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                                     | T-MOBILE US INC                               | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     15059 | NS      | $3718820.05   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC                            | CONSTELLATION BRANDS INC CL A                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    198200 | NS      | $37170428.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                                        | STRYKER CORP                                  | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    252400 | NS      | $94377408.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                                       | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    624900 | NS      | $95353491.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Name : iShares Ultra Short-Term Bond Active ETF | iShares Russell 1000 Value ETF                | CUSIP: 464287598<br>LEI: 549300G3FWQPUM47D181 | Long             | EC               | RF                | US        |    647700 | NS      | $118056279.00 | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| BNP PARIBAS                                         | BNP PARIBAS                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    162200 | NS      | $13743121.71  | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC                                 | AFFIRM HOLDINGS INC                           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320537 | NS      | $15949921.12  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP OHIO                               | PROGRESSIVE CORP OHIO                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     39900 | NS      | $11241426.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                                   | EVERSOURCE ENERGY                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |   1345300 | NS      | $80018444.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARMACEUTICAL INDS LTD                        | TEVA PHARMACEUTICAL IND ADR                   | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |    508800 | NS      | $7891488.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS INC                                  | ALBERTSONS COS INC CL A                       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    368700 | NS      | $8104026.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                             | BRISTOL-MYERS SQUIBB CO                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    726700 | NS      | $36480340.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP DEL                                      | US BANCORP DEL                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   3570578 | NS      | $144037116.52 | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                                               | 3M CO                                         | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    276216 | NS      | $38369164.56  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                                 | SUN COMMUNITIES INC - REIT                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    279600 | NS      | $34790628.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP                               | ON SEMICONDUCTOR CORP                         | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |   1881200 | NS      | $74683640.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS INC                       | REGENERON PHARMACEUTICALS INC                 | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     58400 | NS      | $34967584.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC                       | APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    321872 | NS      | $43929090.56  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC                                      | CBRE GROUP INC - CL A                         | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    238500 | NS      | $29139930.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT INC                                        | NNN REIT INC                                  | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    734100 | NS      | $30178851.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP                                 | SCHWAB CHARLES CORP                           | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   1666650 | NS      | $135665310.00 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                                           | CHUBB LTD                                     | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |    739300 | NS      | $211498944.00 | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                           | CUBESMART                                     | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1359700 | NS      | $55298999.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK NEW YORK MELLON CORP                           | BANK OF NEW YORK MELLON CORP                  | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   1734779 | NS      | $139493579.39 | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC                                  | HCA HEALTHCARE INC                            | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     50800 | NS      | $17530064.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| COMERICA INC                                        | COMERICA INC                                  | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |    560800 | NS      | $30143000.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| MEDTRONIC PLC                                       | MEDTRONIC PLC                                 | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    327000 | NS      | $27716520.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE CO                            | MOLSON COORS BEVERAGE CO B                    | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     77400 | NS      | $4452822.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I GLASS INC                                       | O-I GLASS INC                                 | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3450165 | NS      | $43679088.90  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                      | PUBLIC STORAGE                                | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     66800 | NS      | $20068724.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                              | SEMPRA                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   1397500 | NS      | $103792325.00 | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP (THE)                                   | CIGNA GROUP (THE)                             | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    163700 | NS      | $55664548.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COS INC                                       | LOWES COS INC                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    733900 | NS      | $164070684.00 | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC                            | DICKS SPORTING GOODS INC                      | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |    389100 | NS      | $73049634.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SA                                        | CAPGEMINI SA (FF40)                           | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |    682668 | NS      | $108989540.18 | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| JM SMUCKER CO/THE                                   | JM SMUCKER CO/THE                             | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |    167100 | NS      | $19428717.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORP                                        | VONTIER CORP W/I                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |   1895444 | NS      | $60294073.64  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT CO                                        | CRANE NXT CO                                  | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    358500 | NS      | $16820820.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                                     | BUNGE GLOBAL SA                               | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |    168300 | NS      | $13248576.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC/THE                    | HARTFORD INSURANCE GROUP INC/THE              | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1525826 | NS      | $187173075.42 | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP CO                           | PERFORMANCE FOOD GROUP CO                     | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     79600 | NS      | $6420536.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                            | RTX CORP                                      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    488692 | NS      | $61638721.96  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GEN CORP NEW                                 | DOLLAR GENERAL CORP                           | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     81700 | NS      | $7654473.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| U-HAUL HOLDING CO                                   | U-HAUL HOLDING CO                             | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |   2275700 | NS      | $124708360.00 | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORP                                       | WESTLAKE CORP                                 | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    296800 | NS      | $27433224.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO                                 | EMERSON ELECTRIC CO                           | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |    478500 | NS      | $50295135.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGIZER HLDGS INC NEW                             | ENERGIZER HLDGS INC                           | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     91700 | NS      | $2479568.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                                         | CORTEVA INC                                   | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |   1312500 | NS      | $81361875.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                          | PFIZER INC                                    | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   2371100 | NS      | $57878551.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                                       | PG and E CORP                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   4945248 | NS      | $81695496.96  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                                         | TARGET CORP                                   | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    288700 | NS      | $27917290.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORP                                  | KILROY REALTY CORP                            | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    511200 | NS      | $16107912.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC                              | MARVELL TECHNOLOGY INC                        | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    606600 | NS      | $35407242.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                         | WALMART INC                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   2072413 | NS      | $201542164.25 | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKETAXESS HOLDINGS INC                            | MARKETAXESS HLDGS INC                         | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |    398654 | NS      | $88337739.86  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                                            | SLM CORP                                      | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |   1525800 | NS      | $44110878.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUDER ESTEE COS INC                                | ESTEE LAUDER COS INC CL A                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     89800 | NS      | $5384408.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC                          | MONDELEZ INTL INC                             | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    654152 | NS      | $44567375.76  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC                                | KEURIG DR PEPPER INC                          | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |   1592400 | NS      | $55081116.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                                       | BLACKROCK INC                                 | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    142784 | NS      | $130541699.84 | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO                        | ARTHUR J GALLAGHAR AND CO                     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    472357 | NS      | $151480166.33 | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMOURS CO                                         | CHEMOURS CO/ THE                              | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |   2416100 | NS      | $29911318.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                                           | APTIV PLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JE        |    685100 | NS      | $39091806.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA INC                                         | MODERNA INC                                   | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     63300 | NS      | $1806582.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES INC                          | CASEY GENERAL STORES                          | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     18200 | NS      | $8419138.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                             | KEYCORP                                       | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |   1947734 | NS      | $28904372.56  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                              | BOSTON SCIENTIFIC CORP                        | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   1426000 | NS      | $146692620.00 | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                                          | FISERV INC                                    | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    547126 | NS      | $100983045.82 | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC            | KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC      | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1414400 | NS      | $55402048.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORP                                  | FIRST HORIZON CORP                            | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |   3235466 | NS      | $58497225.28  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CO                                        | COCA COLA CO                                  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   1546300 | NS      | $112184065.00 | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                 | ABBOTT LABORATORIES                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    845600 | NS      | $110562200.00 | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHEY CO                                          | HERSHEY CO (THE)                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     21600 | NS      | $3611304.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC                     | SEAGATE TECHNOLOGY HOLDINGS PLC               | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |    612400 | NS      | $55746772.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                                        | GE AEROSPACE                                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    718552 | NS      | $144816970.08 | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OLIN CORP                                           | OLIN CORP                                     | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |   1182651 | NS      | $25568914.62  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CONSOLIDATED INC                          | COCA COLA CONSOLIDATED INC                    | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     11450 | NS      | $15524024.50  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC                          | LPL FINL HLDGS INC                            | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |    143641 | NS      | $45934955.39  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                       | INTERCONTINENTAL EXCHANGE INC                 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    725552 | NS      | $121870969.44 | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                                | INVITATION HOMES INC                          | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2447000 | NS      | $83662930.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                        | QUALCOMM INC                                  | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    573200 | NS      | $85097272.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                        | COMCAST CORP CL A                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   4225662 | NS      | $144517640.40 | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                             | CRH PLC                                       | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |    865900 | NS      | $82624178.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CURBLINE PROPERTIES CORP                            | CURBLINE PROPERTIES CORP                      | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    712398 | NS      | $16306790.22  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APT CMNTYS INC                          | MID AMERICA APT CMNTY INC                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |    159400 | NS      | $25448210.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES INC                                 | GLOBALFOUNDRIES INC                           | CUSIP: N/A<br>LEI: 549300BA76VK784VMX48       | Long             | EC               | CORP              | KY        |   1283700 | NS      | $45019359.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP NEW                           | MONSTER BEVERAGE CORP                         | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    135200 | NS      | $8128224.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC DEL                          | BERKSHIRE HATHAWAY INC CL B                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    149668 | NS      | $79810461.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                          | VERIZON COMMUNICATIONS INC                    | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   3658572 | NS      | $161196682.32 | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                     | PHILIP MORRIS INTL INC                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    694500 | NS      | $119009520.00 | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                               | TENET HEALTHCARE CORP                         | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     34400 | NS      | $4917480.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                                             | WPP PLC NEW (UK)                              | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | JE        |    314800 | NS      | $2440503.99   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                        | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        | 305493183 | NS      | $305554281.14 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                       | MCKESSON CORP                                 | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     16700 | NS      | $11903593.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EDWARDS LIFESCIENCES CORP                           | EDWARDS LIFESCIENCES CORP                     | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |    218500 | NS      | $16494565.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                           | BLOCK INC CL A                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    618433 | NS      | $36159777.51  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD                     | TAIWAN SEMIC MFG CO LTD SP ADR                | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    283558 | NS      | $47266283.02  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC                               | MOLINA HEALTHCARE INC                         | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |    101700 | NS      | $33256917.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESHPET INC                                        | FRESHPET INC                                  | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     36700 | NS      | $2698918.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC                          | VERTEX PHARMACEUTICALS INC                    | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     79200 | NS      | $40352400.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                                    | EXXON MOBIL CORP                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2772300 | NS      | $292838049.00 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                                        | DANAHER CORP                                  | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     77100 | NS      | $15368343.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                                    | IMPERIAL OIL LTD                              | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |    933900 | NS      | $62993878.57  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| WILLIAMS-SONOMA INC                                 | WILLIAMS-SONOMA INC                           | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |    300400 | NS      | $46402788.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP                           | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    341333 | NS      | $76267445.52  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALDS CORP                                      | MCDONALDS CORP                                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    438700 | NS      | $140230455.00 | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GALP ENERGIA SGPS SA                                | GALP ENERGIA SGPS SA                          | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |   2566800 | NS      | $39769440.49  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| REYNOLDS CONSUMER PRODUCTS INC                      | REYNOLDS CONSUMER PRODUCTS INC                | CUSIP: 76171L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152600 | NS      | $3509800.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PLC                                | SMURFIT WESTROCK PLC                          | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |   1432900 | NS      | $60210458.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                               | NORTHROP GRUMMAN CORP                         | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    247356 | NS      | $120338694.00 | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES INC                          | CORE NATURAL RESOURCES INC                    | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |    417658 | NS      | $30159084.18  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                           | BOEING CO                                     | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |   1326415 | NS      | $243052284.60 | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC                                | HOWMET AEROSPACE INC                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    581400 | NS      | $80570412.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON and CO                             | BECTON DICKINSON and CO                       | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    362100 | NS      | $74987289.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC                                   | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    321330 | NS      | $84872892.90  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY INC                                          | EVERGY INC                                    | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |   1013800 | NS      | $70053580.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDGS INC                      | ALLISON TRANSMISSION HLDGS INC                | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |   2241900 | NS      | $206792856.00 | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                      | MORGAN STANLEY                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    388002 | NS      | $44783190.84  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                          | FEDEX CORP                                    | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     89937 | NS      | $18916449.21  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                | EDISON INTL                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    848301 | NS      | $45392586.51  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                     | CVS HEALTH CORP                               | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    607500 | NS      | $40526325.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RES CORP                                      | TARGA RESOURCES CORP                          | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    434900 | NS      | $74324410.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                        | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  42381112 | NS      | $42385350.04  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCOVER FINANCIAL SVS                              | DISCOVER FIN SVCS                             | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |     66769 | NS      | $12196693.23  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORP                               | NORFOLK SOUTHERN CORP                         | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |   1001500 | NS      | $224386075.00 | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                               | JPMORGAN CHASE and CO                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    586238 | NS      | $143405539.56 | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP DEL                                    | CENTENE CORP                                  | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    149659 | NS      | $8957091.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS INC                             | ZOOM COMMUNICATIONS INC CL A                  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |    663500 | NS      | $51447790.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                                  | WELLS FARGO and CO                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   3488494 | NS      | $247717958.94 | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                         | BANK OF AMERICA CORPORATION                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   6533215 | NS      | $260544614.20 | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORP                                      | TD SYNNEX CORP                                | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    618500 | NS      | $68529800.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER DANIELS MIDLAND CO                           | ARCHER DANIELS MIDLAND CO                     | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    270100 | NS      | $12897275.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                                          | HUMANA INC                                    | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     49850 | NS      | $13072664.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                         | PEPSICO INC                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    105000 | NS      | $14235900.00  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                                 | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    701400 | NS      | $74727156.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                              | UNITEDHEALTH GROUP INC                        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    443400 | NS      | $182432496.00 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ CO                                      | KRAFT HEINZ CO                                | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    101200 | NS      | $2944920.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                                          | KENVUE INC                                    | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   1105900 | NS      | $26099240.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                 | AMERICAN TOWER CORP                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    275200 | NS      | $62032832.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC                       | HILTON WORLDWIDE HOLDINGS INC                 | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    417500 | NS      | $94137900.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                                         | CENCORA INC                                   | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    265300 | NS      | $77645351.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AMDOCS LIMITED                                      | AMDOCS LTD                                    | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |   1228412 | NS      | $108812734.96 | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON and JOHNSON                                 | JOHNSON and JOHNSON                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   1145306 | NS      | $179022780.86 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                                   | CISCO SYSTEMS INC                             | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |   2934745 | NS      | $169422828.85 | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                         | VISTRA CORP                                   | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    234200 | NS      | $30359346.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                                        | PROLOGIS INC REIT                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    286063 | NS      | $29235638.60  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                        | ALPHABET INC CL A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    140225 | NS      | $22267730.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                                 | CHENIERE ENERGY INC                           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    283200 | NS      | $65450352.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO                                      | DISNEY (WALT) CO                              | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   1191951 | NS      | $108407943.45 | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer