# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-23-067511
**Filing Date:** 2023-3
**Character Count:** 55781
**Document Hash:** e373267ec763439e80bc6464bc809c5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067511.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067511

**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 COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 23763609

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

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

## Series and Classes Contracts Data

### Fidelity International High Dividend ETF (Series ID: S000059462)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000194895 | Fidelity International High Dividend ETF | FIDI            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity**<sup>®</sup> **International High Dividend ETF**

**January 31, 2023**

IHD-NPRT1-0423

1.9885308.105 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.7%** | &nbsp;&nbsp;**Common Stocks - 99.7%** | &nbsp;&nbsp;**Common Stocks - 99.7%** |
|  | Shares | Value ($)<br>|
| COMMUNICATION SERVICES - 10.7%  |  |  |
| Diversified Telecommunication Services - 6.5% |  |  |
| BCE, Inc.  | 38048 | 1793547 |
| Orange SA  | 212448 | 2243149 |
| Telefonica SA  | 533829 | 2021641 |
|  |  | 6058337 |
| Entertainment - 2.1% |  |  |
| Nintendo Co. Ltd.  | 46700 | 2019974 |
| Wireless Telecommunication Services - 2.1% |  |  |
| SoftBank Corp.  | 173000 | 1977504 |
| TOTAL COMMUNICATION SERVICES |  | 10055815 |
| CONSUMER DISCRETIONARY - 4.1%  |  |  |
| Automobiles - 1.4% |  |  |
| Honda Motor Co. Ltd.  | 12900 | 318123 |
| Mercedes-Benz Group AG (Germany)  | 5592 | 413888 |
| Toyota Motor Corp.  | 41535 | 605722 |
|  |  | 1337733 |
| Hotels, Restaurants & Leisure - 0.6% |  |  |
| La Francaise des Jeux SAEM (a) | 11997 | 511402 |
| Household Durables - 0.8% |  |  |
| Iida Group Holdings Co. Ltd.  | 13400 | 222569 |
| Persimmon PLC  | 11572 | 201158 |
| Sekisui House Ltd.  | 14900 | 280825 |
|  |  | 704552 |
| Multiline Retail - 0.4% |  |  |
| Wesfarmers Ltd.  | 10244 | 358395 |
| Specialty Retail - 0.4% |  |  |
| Industria de Diseno Textil SA  | 12731 | 395715 |
| Textiles, Apparel & Luxury Goods - 0.5% |  |  |
| Compagnie Financiere Richemont SA Series A  | 3181 | 486109 |
| TOTAL CONSUMER DISCRETIONARY |  | 3793906 |
| CONSUMER STAPLES - 2.7%  |  |  |
| Food & Staples Retailing - 0.6% |  |  |
| Carrefour SA  | 8501 | 161292 |
| Koninklijke Ahold Delhaize NV  | 6079 | 180798 |
| Woolworths Group Ltd.  | 8602 | 218695 |
|  |  | 560785 |
| Food Products - 0.9% |  |  |
| Danone SA  | 3372 | 184243 |
| Nestle SA (Reg. S)  | 5186 | 629263 |
|  |  | 813506 |
| Personal Products - 0.4% |  |  |
| Haleon PLC (b) | 18304 | 73067 |
| Unilever PLC  | 6056 | 306311 |
|  |  | 379378 |
| Tobacco - 0.8% |  |  |
| British American Tobacco PLC (United Kingdom)  | 6010 | 229070 |
| Imperial Brands PLC  | 6476 | 161924 |
| Japan Tobacco, Inc.  | 19300 | 394029 |
|  |  | 785023 |
| TOTAL CONSUMER STAPLES |  | 2538692 |
| ENERGY - 14.1%  |  |  |
| Oil, Gas & Consumable Fuels - 14.1% |  |  |
| BP PLC  | 436889 | 2629300 |
| Enbridge, Inc.  | 50644 | 2067737 |
| ENEOS Holdings, Inc.  | 395900 | 1410134 |
| Repsol SA  | 144269 | 2364352 |
| TC Energy Corp.  | 39092 | 1679578 |
| TotalEnergies SE  | 44056 | 2726323 |
| Woodside Energy Group Ltd.  | 11441 | 292325 |
|  |  | 13169749 |
| FINANCIALS - 27.1%  |  |  |
| Banks - 13.8% |  |  |
| ANZ Group Holdings Ltd.  | 70930 | 1254019 |
| Bank of Nova Scotia  | 19839 | 1070936 |
| BNP Paribas SA  | 20534 | 1402730 |
| BOC Hong Kong (Holdings) Ltd.  | 322500 | 1125256 |
| Hang Seng Bank Ltd.  | 63100 | 1049715 |
| Mizuho Financial Group, Inc.  | 106200 | 1655738 |
| Royal Bank of Canada  | 16021 | 1634818 |
| Skandinaviska Enskilda Banken AB (A Shares)  | 88659 | 1068247 |
| Swedbank AB (A Shares)  | 61824 | 1183359 |
| Westpac Banking Corp.  | 90629 | 1514800 |
|  |  | 12959618 |
| Capital Markets - 1.2% |  |  |
| Nomura Holdings, Inc.  | 287700 | 1145313 |
| Diversified Financial Services - 2.4% |  |  |
| Investor AB (B Shares)  | 61113 | 1181132 |
| M&G PLC  | 416596 | 1035487 |
|  |  | 2216619 |
| Insurance - 9.7% |  |  |
| Allianz SE  | 6265 | 1491459 |
| ASR Nederland NV  | 22614 | 1065410 |
| AXA SA  | 43509 | 1352143 |
| Direct Line Insurance Group PLC  | 289440 | 632307 |
| Great-West Lifeco, Inc.  | 32658 | 863717 |
| Legal & General Group PLC  | 328372 | 1026817 |
| Manulife Financial Corp.  | 57853 | 1141582 |
| Zurich Insurance Group Ltd.  | 2982 | 1467712 |
|  |  | 9041147 |
| TOTAL FINANCIALS |  | 25362697 |
| HEALTH CARE - 4.0%  |  |  |
| Health Care Equipment & Supplies - 0.2% |  |  |
| Koninklijke Philips Electronics NV  | 7584 | 130270 |
| Health Care Providers & Services - 0.2% |  |  |
| Sonic Healthcare Ltd.  | 9727 | 216453 |
| Life Sciences Tools & Services - 0.2% |  |  |
| Lonza Group AG  | 236 | 133470 |
| Pharmaceuticals - 3.4% |  |  |
| AstraZeneca PLC (United Kingdom)  | 4686 | 610930 |
| Euroapi SASU (b) | 179 | 2870 |
| GSK PLC  | 14529 | 254599 |
| Novartis AG  | 5419 | 486368 |
| Orion Oyj (B Shares)  | 4969 | 265458 |
| Otsuka Holdings Co. Ltd.  | 9300 | 297354 |
| Roche Holding AG (participation certificate)  | 1586 | 492415 |
| Sanofi SA  | 4079 | 397238 |
| Takeda Pharmaceutical Co. Ltd.  | 13000 | 408858 |
|  |  | 3216090 |
| TOTAL HEALTH CARE |  | 3696283 |
| INDUSTRIALS - 10.1%  |  |  |
| Aerospace & Defense - 0.7% |  |  |
| BAE Systems PLC  | 60604 | 639255 |
| Construction & Engineering - 1.6% |  |  |
| ACS Actividades de Construccion y Servicios SA  | 17769 | 523748 |
| Bouygues SA  | 14312 | 470037 |
| Kajima Corp.  | 40500 | 496420 |
|  |  | 1490205 |
| Electrical Equipment - 1.3% |  |  |
| ABB Ltd. (Reg.)  | 14483 | 500501 |
| Accelleron Industries Ltd. (b) | 719 | 16880 |
| Schneider Electric SA  | 4589 | 739210 |
|  |  | 1256591 |
| Industrial Conglomerates - 1.2% |  |  |
| Jardine Matheson Holdings Ltd.  | 6582 | 348978 |
| Siemens AG  | 4961 | 769930 |
|  |  | 1118908 |
| Machinery - 1.2% |  |  |
| Kone OYJ (B Shares)  | 8050 | 437485 |
| Volvo AB (B Shares)  | 34184 | 675367 |
|  |  | 1112852 |
| Professional Services - 0.6% |  |  |
| RELX PLC (London Stock Exchange)  | 18786 | 555521 |
| Road & Rail - 0.8% |  |  |
| Canadian National Railway Co.  | 6251 | 741959 |
| Trading Companies & Distributors - 2.7% |  |  |
| Itochu Corp.  | 19200 | 617583 |
| Mitsubishi Corp.  | 18600 | 620167 |
| Mitsui & Co. Ltd.  | 23800 | 699112 |
| Sumitomo Corp.  | 33700 | 601985 |
|  |  | 2538847 |
| TOTAL INDUSTRIALS |  | 9454138 |
| INFORMATION TECHNOLOGY - 1.6%  |  |  |
| Communications Equipment - 0.1% |  |  |
| Ericsson (B Shares)  | 16591 | 95681 |
| Electronic Equipment & Components - 0.3% |  |  |
| Venture Corp. Ltd.  | 18300 | 257023 |
| Semiconductors & Semiconductor Equipment - 0.3% |  |  |
| BE Semiconductor Industries NV  | 2113 | 149806 |
| Tokyo Electron Ltd.  | 500 | 173671 |
|  |  | 323477 |
| Software - 0.5% |  |  |
| Sage Group PLC  | 18449 | 176431 |
| SAP SE  | 2620 | 308390 |
|  |  | 484821 |
| Technology Hardware, Storage & Peripherals - 0.4% |  |  |
| Canon, Inc.  | 8300 | 184643 |
| Seiko Epson Corp.  | 11300 | 174394 |
|  |  | 359037 |
| TOTAL INFORMATION TECHNOLOGY |  | 1520039 |
| MATERIALS - 15.5%  |  |  |
| Chemicals - 5.3% |  |  |
| BASF AG  | 28177 | 1603525 |
| Shin-Etsu Chemical Co. Ltd.  | 12400 | 1818832 |
| Yara International ASA  | 34659 | 1533730 |
|  |  | 4956087 |
| Containers & Packaging - 1.5% |  |  |
| Smurfit Kappa Group PLC  | 34590 | 1443679 |
| Metals & Mining - 8.7% |  |  |
| Barrick Gold Corp. (Canada)  | 107996 | 2105936 |
| BHP Group Ltd.  | 63395 | 2205868 |
| Fortescue Metals Group Ltd.  | 91720 | 1437382 |
| Rio Tinto PLC  | 30214 | 2350444 |
|  |  | 8099630 |
| TOTAL MATERIALS |  | 14499396 |
| UTILITIES - 9.8%  |  |  |
| Electric Utilities - 9.8% |  |  |
| Emera, Inc.  | 46585 | 1849645 |
| Endesa SA  | 132230 | 2623725 |
| Enel SpA  | 413661 | 2421942 |
| Power Assets Holdings Ltd.  | 394500 | 2229539 |
|  |  | 9124851 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $98,771,235) |  | <br> **93215566** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** | &nbsp;&nbsp;**Money Market Funds - 0.1%** |
|  | Shares | Value ($)<br>|
| Fidelity Cash Central Fund 4.38% (c) <br>(Cost $120,269) <br>| 120245 | **120269** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.8%**<br> (Cost $98,891,504)<br>| <br>**93335835** |
| **NET OTHER ASSETS (LIABILITIES) - 0.2%** (d)  | **207653** |
| **NET ASSETS - 100.0%** | **93543488** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &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 |  |  |  |  |  |
| ICE E-mini MSCI EAFE Index Contracts (United States) | 3 | Mar 2023 | 317850 | 18658 | 18658 |
| The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% | The notional amount of futures purchased as a percentage of Net Assets is 0.3% |

---

**Legend**

(a) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $511,402 or 0.5% of net assets.

(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) Includes $16,878 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% | 48989 | 939473 | 868193 | 753 | - | - | 120269 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 4.38% | - | 2333246 | 2333246 | 3998 | - | - | - | 0.0% |
| Total | 48989 | 3272719 | 3201439 | 4751 | - | - | 120269 |  |

---

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.

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity International High Dividend ETF

- **b. EDGAR series identifier (if any):** S000059462

- **c. LEI of Series:** 549300V1O2W9E2XS0R14

**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:** $93573457.17

**Total Liabilities:** $29871.58

**Net Assets:** $93543585.59

**Cash Not Reported:** $88919.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194895 | 10.24%               | 0.97%                | 6.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-75832.26               | $7994038.54                                |
| Month 2  | $-69373.57               | $644976.96                                 |
| Month 3  | $-126.16                 | $5868939.88                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLIANZ SE                                     | ALLIANZ SE (REGD)                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      6251 | NS      | $1488126.56   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                 | BE SEMICOND INDUS NV (NETH)      | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |      2113 | NS      | $149806.09    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES SE                               | TOTALENERGIES SE                 | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     43988 | NS      | $2722115.08   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TC ENERGY CORP                                 | TC ENERGY CORP                   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     39009 | NS      | $1676011.52   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN TOBACCO INC                              | JAPAN TOBACCO INC                | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     19300 | NS      | $394028.99    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATIONAL RAILWAY CO                   | CANADIAN NATL RAILWAY CO         | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      6251 | NS      | $741959.29    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                         | AXA SA                           | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     43509 | NS      | $1352143.15   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LONZA GROUP AG                                 | LONZA GROUP AG                   | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |       236 | NS      | $133470.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ GROUP HOLDINGS LTD                         | ANZ GROUP HOLDINGS LTD           | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     70700 | NS      | $1249952.56   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT KAPPA GROUP PLC                        | SMURFIT KAPPA GROUP PLC          | CUSIP: N/A<br>LEI: 635400CPLP8H5ITDVT56       | Long             | EC               | CORP              | IE        |     34590 | NS      | $1443679.42   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                   | BRITISH AMERICAN TOBACCO PLC     | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |      6010 | NS      | $229070.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGAL AND GENERAL GROUP PLC                    | LEGAL and GENERAL GROUP PLC ORD  | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |    328372 | NS      | $1026817.27   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA | ACS ACTIVIDADES CONST Y SRV SA   | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |     17769 | NS      | $523748.33    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEOS HOLDINGS INC                             | ENEOS HOLDINGS INC               | CUSIP: N/A<br>LEI: 3538001KQ5SAOZSQTT44       | Long             | EC               | CORP              | JP        |    395100 | NS      | $1407284.56   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ORANGE                                         | ORANGE                           | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    212051 | NS      | $2238957.04   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                         | SAP SE                           | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      2593 | NS      | $305211.91    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE INC                                        | BCE INC                          | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |     37949 | NS      | $1788880.05   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SONIC HEALTHCARE LTD                           | SONIC HEALTHCARE LTD             | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |      9727 | NS      | $216453.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                                    | BNP PARIBAS                      | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     20534 | NS      | $1402729.80   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SAGE GROUP PLC                                 | SAGE GROUP PLC                   | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     18449 | NS      | $176431.19    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORP                              | TOYOTA MOTOR CORP                | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     41535 | NS      | $605722.08    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                      | ZURICH INSURANCE GROUP AG        | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      2974 | NS      | $1463774.48   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PERSIMMON PLC                                  | PERSIMMON PLC ORD                | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |     11572 | NS      | $201157.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIA DE DISENO TEXTIL INDITEX SA          | INDITEX SA                       | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     12731 | NS      | $395714.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MANULIFE FINANCIAL CORP                        | MANULIFE FINANCIAL CORP          | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     57853 | NS      | $1141581.66   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                       | RELX PLC                         | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     18786 | NS      | $555521.22    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                   | CARREFOUR SA (SUPERMARCHE)       | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |      8501 | NS      | $161291.97    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER ASSETS HLDGS LTD                         | POWER ASSETS HOLDINGS LTD        | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |    394000 | NS      | $2226712.85   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG                                    | NOVARTIS AG (REG)                | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      5419 | NS      | $486368.15    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI and CO LTD                              | MITSUI and CO LTD                | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     23700 | NS      | $696174.40    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO CORP                                  | SUMITOMO CORP                    | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     33700 | NS      | $601984.70    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCHE HOLDING AG                               | ROCHE HOLDINGS AG (GENUSSCHEINE) | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      1586 | NS      | $492415.24    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INC                                      | EMERA INC                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     46501 | NS      | $1846309.42   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ERICSSON                                       | ERICSSON (LM) TELE CO CL B       | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     16591 | NS      | $95681.35     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                         | BP PLC                           | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    436889 | NS      | $2629299.52   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE SA                                      | DANONE SA                        | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      3372 | NS      | $184243.30    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                | BAE SYSTEMS PLC                  | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     60604 | NS      | $639254.92    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO FINANCIAL GROUP INC                     | MIZUHO FINANCIAL GROUP INC       | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    106000 | NS      | $1652620.25   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SEIKO EPSON CORP                               | SEIKO EPSON CORP                 | CUSIP: N/A<br>LEI: 549300NIOFQDR749W206       | Long             | EC               | CORP              | JP        |     11300 | NS      | $174394.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KONE OYJ                                       | KONE OYJ B                       | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |      8050 | NS      | $437484.83    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                        | GSK PLC                          | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     14529 | NS      | $254598.61    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFTBANK CORPO                                 | SOFTBANK CORP                    | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |    172600 | NS      | $1972931.68   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                             | ITOCHU CORP                      | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     19200 | NS      | $617583.14    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BOUYGUES SA                                    | BOUYGUES ORD                     | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |     14312 | NS      | $470036.88    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO PLC                                  | RIO TINTO PLC                    | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     30072 | NS      | $2339397.38   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ASR NEDERLAND NV                               | ASR NEDERLAND NV                 | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     22614 | NS      | $1065409.97   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO ELECTRON LTD                             | TOKYO ELECTRON LTD               | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |       500 | NS      | $173670.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB LTD                                        | ABB LTD                          | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     14483 | NS      | $500500.95    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI CORP                                | MITSUBISHI CORP                  | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |     18600 | NS      | $620166.87    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENDESA SA                                      | ENDESA SA                        | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |    132052 | NS      | $2620193.41   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKEDA PHARMACEUTICAL CO LTD                   | TAKEDA PHARMACEUTICAL CO LTD     | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     13000 | NS      | $408858.47    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| KONINKLIJKE PHILIPS NV                         | KONINKLIJKE PHILIPS NV           | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |      7584 | NS      | $130270.11    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                | ASTRAZENECA PLC                  | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      4686 | NS      | $610930.17    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                | NINTENDO CO LTD                  | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     46700 | NS      | $2019973.86   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEFONICA SA                                  | TELEFONICA SA                    | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    533027 | NS      | $2018603.29   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OTSUKA HOLDINGS CO LTD                         | OTSUKA HOLDINGS CO LTD           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9300 | NS      | $297353.99    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                        | BASF SE                          | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |     28125 | NS      | $1600566.19   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDBANK AB                                    | SWEDBANK AB A                    | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     61824 | NS      | $1183358.77   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCELLERON INDUSTRIES LTD                      | ACCELLERON INDUSTRIES LTD        | CUSIP: N/A<br>LEI: 254900KS0MD2PAARXD14       | Long             | EC               | CORP              | CH        |       719 | NS      | $16880.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LTD                                  | BHP GROUP LIMITED                | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     63395 | NS      | $2205868.13   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC                                      | CANON INC                        | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |      8300 | NS      | $184643.01    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| IIDA GROUP HOLDINGS CO LTD                     | IIDA GROUP HOLDINGS CO LTD       | CUSIP: N/A<br>LEI: 35380051BV8PV1I4S949       | Long             | EC               | CORP              | JP        |     13400 | NS      | $222569.11    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| YARA INTERNATIONAL ASA                         | YARA INTERNATIONAL ASA           | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     34659 | NS      | $1533729.93   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                        | BANK OF NOVA SCOTIA              | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     19839 | NS      | $1070935.79   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA                              | SCHNEIDER ELECTRIC SE            | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      4566 | NS      | $735504.69    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| KAJIMA CORP                                    | KAJIMA CORP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     40500 | NS      | $496420.47    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WESFARMERS LTD                                 | WESFARMERS LTD                   | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |     10244 | NS      | $358395.28    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT WEST LIFECO INC                          | GREAT WEST LIFECO INC            | CUSIP: 39138C106<br>LEI: 549300X81X4VZEESFU46 | Long             | EC               | CORP              | CA        |     32658 | NS      | $863717.03    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL SPA                                       | ENEL (ENTE NAZ ENERG ELET) SPA   | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    413158 | NS      | $2418996.94   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DIRECT LINE INSURANCE GROUP PL C               | DIRECT LINE INSURANCE GRP PLC    | CUSIP: N/A<br>LEI: 213800FF2R23ALJQOP04       | Long             | EC               | CORP              | GB        |    289440 | NS      | $632306.85    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                   | Fidelity Cash Central Fund       | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    120245 | NS      | $120268.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODSIDE ENERGY GROUP LTD                      | WOODSIDE ENERGY GROUP LTD        | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     11441 | NS      | $292324.52    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTPAC BANKING CORP                           | WESTPAC BANKING CORP             | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |     90363 | NS      | $1510354.11   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG                                     | SIEMENS AG (REGD)                | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      4940 | NS      | $766670.93    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC HONG KONG HOLDINGS LTD                     | BANK OF CHINA HONG KONG LTD      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    322500 | NS      | $1125255.95   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                   | ENBRIDGE INC                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     50644 | NS      | $2067737.19   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                            | IMPERIAL BRANDS PLC              | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |      6476 | NS      | $161923.58    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WOOLWORTHS GROUP LTD                           | WOOLWORTHS GROUP LTD             | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |      8602 | NS      | $218695.29    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC                                     | HALEON PLC                       | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |     18304 | NS      | $73066.67     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REPSOL YPF SA                                  | REPSOL SA                        | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |    144052 | NS      | $2360795.41   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD                  | JARDINE MATHESON HLD             | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | BM        |      6482 | NS      | $343675.64    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT AG SWITZ        | CIE FINANCIERE RICHEMONT SA A    | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |      3181 | NS      | $486108.73    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HONDA MOTOR CO LTD                             | HONDA MOTOR CO LTD               | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     12900 | NS      | $318122.96    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRICK GOLD CORP                              | BARRICK GOLD CORP                | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    107996 | NS      | $2105936.16   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLVO AB                                       | VOLVO AB SER B                   | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     34184 | NS      | $675367.28    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HANG SENG BANK LTD                             | HANG SENG BANK LTD               | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |     62900 | NS      | $1046387.41   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROAPI SASU                                   | EUROAPI SASU                     | CUSIP: N/A<br>LEI: 9695002FT7GGI3CKKJ14       | Long             | EC               | CORP              | FR        |       179 | NS      | $2870.36      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTOR AB                                    | INVESTOR AB SER B                | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |     60975 | NS      | $1178464.85   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTESCUE METALS GROUP LTD                     | FORTESCUE METALS GROUP LTD       | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     91551 | NS      | $1434733.80   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZE NV                  | KONINKLIJKE AHOLD DELHAIZE NV    | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      6079 | NS      | $180798.46    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SEKISUI HOUSE LTD                              | SEKISUI HOUSE LTD                | CUSIP: N/A<br>LEI: 529900GMNDOYQSAJAE76       | Long             | EC               | CORP              | JP        |     14900 | NS      | $280825.10    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIN ETSU CHEM CO LTD                          | SHIN-ETSU CHEMICAL CO LTD        | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     12300 | NS      | $1804163.94   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE CORP LTD                               | VENTURE CORP LTD                 | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |     18300 | NS      | $257022.86    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LA FRANCAISE DES JEUX                          | LA FRANCAISE DES JEUX SAEM       | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |     11997 | NS      | $511401.67    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                 | MSCI EAFE FUT MAR23 MFSH3        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |         4 | NC      | $24877.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                   | UNILEVER PLC ORD                 | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      6056 | NS      | $306310.93    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCEDES-BENZ GROUP AG                         | MERCEDES-BENZ GROUP AG           | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      5592 | NS      | $413888.01    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE SA                                      | NESTLE SA (REG)                  | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |      5186 | NS      | $629262.89    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SKANDINAVISKA ENSKILDA BANKEN                  | SKANDINAVISKA ENSKI BK SER A     | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |     88659 | NS      | $1068247.04   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA HOLDINGS INC                            | NOMURA HOLDINGS INC              | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |    287700 | NS      | $1145313.47   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI                                         | SANOFI                           | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      4079 | NS      | $397237.92    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                           | ROYAL BANK OF CANADA             | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     15974 | NS      | $1630021.99   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ORION OYJ                                      | ORION OYJ (NEW) B                | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |      4969 | NS      | $265457.89    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| M and G PLC                                    | M and G PLC                      | CUSIP: N/A<br>LEI: 254900TWUJUQ44TQJY84       | Long             | EC               | CORP              | GB        |    416596 | NS      | $1035487.22   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer