# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-000757
**Filing Date:** 2025-9
**Character Count:** 104668
**Document Hash:** 93a18e1880228ad39e3e7a12f69aa755
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-000757.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000035402-25-000757

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251349289

**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 Multifactor ETF (Series ID: S000064788)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000209805 | Fidelity International Multifactor ETF | FDEV            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® International Multifactor ETF**

**July 31, 2025**

IES-NPRT3-0925

1.9892242.106 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.3%** | &nbsp;&nbsp;**Common Stocks - 99.3%** | &nbsp;&nbsp;**Common Stocks - 99.3%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 4.6%  |  |  |
| Consumer Discretionary - 0.3% |  |  |
| Specialty Retail - 0.3% |  |  |
| JB Hi-Fi Ltd  | 6224 | 447618 |
| Financials - 2.1% |  |  |
| Capital Markets - 0.4% |  |  |
| ASX Ltd  | 16182 | 729835 |
| Financial Services - 0.4% |  |  |
| Washington H Soul Pattinson & Co Ltd  | 29205 | 763052 |
| Insurance - 1.3% |  |  |
| Insurance Australia Group Ltd  | 119970 | 677418 |
| Medibank Pvt Ltd  | 249656 | 819779 |
| Suncorp Group Ltd  | 46150 | 622799 |
|  |  | 2119996 |
| TOTAL FINANCIALS |  | 3612883 |
| Health Care - 1.1% |  |  |
| Health Care Providers & Services - 0.5% |  |  |
| EBOS Group Ltd  | 35532 | 857931 |
| Health Care Technology - 0.6% |  |  |
| Pro Medicus Ltd  | 4871 | 1009510 |
| TOTAL HEALTH CARE |  | 1867441 |
| Industrials - 0.3% |  |  |
| Commercial Services & Supplies - 0.3% |  |  |
| Brambles Ltd  | 31494 | 484833 |
| Information Technology - 0.2% |  |  |
| Software - 0.2% |  |  |
| Technology One Ltd  | 16808 | 444561 |
| Materials - 0.6% |  |  |
| Metals & Mining - 0.6% |  |  |
| BHP Group Ltd  | 17857 | 451266 |
| Fortescue Ltd  | 10862 | 124274 |
| Rio Tinto Ltd  | 2029 | 145922 |
| Rio Tinto PLC  | 6406 | 381779 |
|  |  | 1103241 |
| TOTAL AUSTRALIA |  | 7960577 |
| BELGIUM - 0.5%  |  |  |
| Health Care - 0.5% |  |  |
| Pharmaceuticals - 0.5% |  |  |
| UCB SA  | 3650 | 795625 |
| CANADA - 13.2%  |  |  |
| Communication Services - 1.1% |  |  |
| Diversified Telecommunication Services - 1.1% |  |  |
| Quebecor Inc Class B  | 68930 | 1943432 |
| Consumer Discretionary - 0.4% |  |  |
| Broadline Retail - 0.4% |  |  |
| Dollarama Inc  | 5072 | 694756 |
| Consumer Staples - 1.5% |  |  |
| Consumer Staples Distribution & Retail - 1.5% |  |  |
| Loblaw Cos Ltd  | 8411 | 1363172 |
| Metro Inc/CN  | 15720 | 1204682 |
|  |  | 2567854 |
| Energy - 3.9% |  |  |
| Oil, Gas & Consumable Fuels - 3.9% |  |  |
| ARC Resources Ltd  | 77301 | 1512417 |
| Canadian Natural Resources Ltd  | 57039 | 1809505 |
| Imperial Oil Ltd  | 20382 | 1703181 |
| Pembina Pipeline Corp  | 39245 | 1461877 |
|  |  | 6486980 |
| Financials - 3.4% |  |  |
| Banks - 1.7% |  |  |
| Canadian Imperial Bank of Commerce  | 11307 | 809904 |
| National Bank of Canada  | 6142 | 640300 |
| Royal Bank of Canada  | 11716 | 1506627 |
|  |  | 2956831 |
| Capital Markets - 0.3% |  |  |
| TMX Group Ltd  | 11255 | 458650 |
| Insurance - 1.4% |  |  |
| Definity Financial Corp  | 8185 | 441944 |
| Fairfax Financial Holdings Ltd Subordinate Voting Shares  | 370 | 655876 |
| Intact Financial Corp  | 2868 | 594116 |
| Manulife Financial Corp  | 22079 | 684624 |
|  |  | 2376560 |
| TOTAL FINANCIALS |  | 5792041 |
| Industrials - 0.8% |  |  |
| Professional Services - 0.4% |  |  |
| Thomson Reuters Corp  | 3478 | 699550 |
| Trading Companies & Distributors - 0.4% |  |  |
| Finning International Inc  | 16311 | 712349 |
| TOTAL INDUSTRIALS |  | 1411899 |
| Information Technology - 0.5% |  |  |
| IT Services - 0.2% |  |  |
| CGI Inc Class A  | 3422 | 330628 |
| Software - 0.3% |  |  |
| Constellation Software Inc/Canada  | 171 | 591247 |
| Constellation Software Inc/Canada warrants 3/31/2040 (b)(c) | 40 | 0 |
|  |  | 591247 |
| TOTAL INFORMATION TECHNOLOGY |  | 921875 |
| Materials - 0.6% |  |  |
| Containers & Packaging - 0.1% |  |  |
| CCL Industries Inc Class B  | 4466 | 250184 |
| Metals & Mining - 0.5% |  |  |
| Agnico Eagle Mines Ltd/CA  | 3545 | 441051 |
| Kinross Gold Corp  | 20571 | 329868 |
|  |  | 770919 |
| TOTAL MATERIALS |  | 1021103 |
| Real Estate - 1.0% |  |  |
| Real Estate Management & Development - 1.0% |  |  |
| FirstService Corp Subordinate Voting Shares  | 9024 | 1782673 |
| TOTAL CANADA |  | 22622613 |
| CHINA - 1.0%  |  |  |
| Consumer Discretionary - 0.5% |  |  |
| Broadline Retail - 0.5% |  |  |
| Prosus NV Class N  | 16029 | 921703 |
| Financials - 0.5% |  |  |
| Banks - 0.5% |  |  |
| BOC Hong Kong Holdings Ltd  | 182000 | 818420 |
| TOTAL CHINA |  | 1740123 |
| DENMARK - 1.2%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Pandora A/S  | 2384 | 396916 |
| Health Care - 0.8% |  |  |
| Pharmaceuticals - 0.8% |  |  |
| Novo Nordisk A/S Series B  | 30067 | 1450351 |
| Materials - 0.2% |  |  |
| Chemicals - 0.2% |  |  |
| Novonesis Novozymes B Series B  | 4524 | 295454 |
| TOTAL DENMARK |  | 2142721 |
| FINLAND - 0.4%  |  |  |
| Industrials - 0.4% |  |  |
| Machinery - 0.4% |  |  |
| Kone Oyj B Shares  | 11807 | 728929 |
| FRANCE - 4.7%  |  |  |
| Consumer Discretionary - 0.6% |  |  |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| FDJ UNITED  | 10346 | 324221 |
| Sodexo SA  | 5323 | 318634 |
|  |  | 642855 |
| Household Durables - 0.2% |  |  |
| SEB SA  | 4168 | 307219 |
| TOTAL CONSUMER DISCRETIONARY |  | 950074 |
| Consumer Staples - 0.7% |  |  |
| Consumer Staples Distribution & Retail - 0.7% |  |  |
| Carrefour SA  | 84387 | 1214075 |
| Energy - 1.9% |  |  |
| Oil, Gas & Consumable Fuels - 1.9% |  |  |
| Gaztransport Et Technigaz SA  | 6676 | 1260768 |
| TotalEnergies SE  | 33863 | 2016186 |
|  |  | 3276954 |
| Industrials - 1.4% |  |  |
| Building Products - 0.5% |  |  |
| Cie de Saint-Gobain SA  | 7250 | 832288 |
| Construction & Engineering - 0.4% |  |  |
| Eiffage SA  | 4724 | 636116 |
| Professional Services - 0.5% |  |  |
| Bureau Veritas SA  | 14359 | 444392 |
| Teleperformance SE  | 4475 | 439046 |
|  |  | 883438 |
| TOTAL INDUSTRIALS |  | 2351842 |
| Information Technology - 0.1% |  |  |
| IT Services - 0.1% |  |  |
| Capgemini SE  | 1921 | 287807 |
| TOTAL FRANCE |  | 8080752 |
| GERMANY - 4.2%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Hotels, Restaurants & Leisure - 0.2% |  |  |
| TUI AG (b) | 46534 | 423954 |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Puma SE  | 12807 | 273303 |
| TOTAL CONSUMER DISCRETIONARY |  | 697257 |
| Financials - 1.0% |  |  |
| Insurance - 1.0% |  |  |
| Hannover Rueck SE  | 2484 | 757391 |
| Talanx AG  | 7004 | 934716 |
|  |  | 1692107 |
| Health Care - 0.8% |  |  |
| Health Care Providers & Services - 0.8% |  |  |
| Fresenius Medical Care AG  | 12327 | 627562 |
| Fresenius SE & Co KGaA  | 16926 | 813264 |
|  |  | 1440826 |
| Industrials - 1.2% |  |  |
| Machinery - 0.8% |  |  |
| Knorr-Bremse AG  | 8037 | 808110 |
| Rational AG  | 720 | 559960 |
|  |  | 1368070 |
| Trading Companies & Distributors - 0.4% |  |  |
| Brenntag SE  | 10328 | 644713 |
| TOTAL INDUSTRIALS |  | 2012783 |
| Information Technology - 0.8% |  |  |
| Software - 0.8% |  |  |
| SAP SE  | 5045 | 1448183 |
| TOTAL GERMANY |  | 7291156 |
| HONG KONG - 1.4%  |  |  |
| Industrials - 0.2% |  |  |
| Industrial Conglomerates - 0.2% |  |  |
| Jardine Matheson Holdings Ltd (Singapore)  | 5477 | 298661 |
| Real Estate - 1.2% |  |  |
| Real Estate Management & Development - 1.2% |  |  |
| Sino Land Co Ltd  | 1807295 | 2083569 |
| TOTAL HONG KONG |  | 2382230 |
| IRELAND - 0.7%  |  |  |
| Consumer Staples - 0.7% |  |  |
| Food Products - 0.7% |  |  |
| Kerry Group PLC Class A  | 12359 | 1147907 |
| ISRAEL - 3.0%  |  |  |
| Financials - 2.7% |  |  |
| Banks - 2.1% |  |  |
| Bank Hapoalim BM  | 50941 | 960981 |
| Bank Leumi Le-Israel BM  | 52613 | 978101 |
| Israel Discount Bank Ltd Class A  | 82120 | 789345 |
| Mizrahi Tefahot Bank Ltd  | 12399 | 769318 |
|  |  | 3497745 |
| Insurance - 0.6% |  |  |
| Phoenix Financial Ltd  | 32075 | 1099547 |
| TOTAL FINANCIALS |  | 4597292 |
| Information Technology - 0.3% |  |  |
| Semiconductors & Semiconductor Equipment - 0.1% |  |  |
| Tower Semiconductor Ltd (b) | 5218 | 244242 |
| Software - 0.2% |  |  |
| Nice Ltd (b) | 1652 | 259638 |
| TOTAL INFORMATION TECHNOLOGY |  | 503880 |
| TOTAL ISRAEL |  | 5101172 |
| ITALY - 1.7%  |  |  |
| Financials - 1.3% |  |  |
| Banks - 0.4% |  |  |
| BPER Banca SPA  | 70463 | 696480 |
| Insurance - 0.9% |  |  |
| Generali  | 20590 | 771089 |
| Poste Italiane Spa (d)(e) | 32003 | 694670 |
|  |  | 1465759 |
| TOTAL FINANCIALS |  | 2162239 |
| Health Care - 0.3% |  |  |
| Pharmaceuticals - 0.3% |  |  |
| Recordati Industria Chimica e Farmaceutica SpA  | 9348 | 539242 |
| Information Technology - 0.1% |  |  |
| IT Services - 0.1% |  |  |
| Reply SpA  | 1541 | 242692 |
| TOTAL ITALY |  | 2944173 |
| JAPAN - 21.4%  |  |  |
| Communication Services - 3.3% |  |  |
| Entertainment - 2.4% |  |  |
| Konami Group Corp  | 12100 | 1649836 |
| Nintendo Co Ltd  | 28300 | 2386306 |
|  |  | 4036142 |
| Wireless Telecommunication Services - 0.9% |  |  |
| KDDI Corp  | 100400 | 1658156 |
| TOTAL COMMUNICATION SERVICES |  | 5694298 |
| Consumer Discretionary - 2.5% |  |  |
| Automobiles - 0.3% |  |  |
| Subaru Corp  | 26600 | 491277 |
| Broadline Retail - 0.2% |  |  |
| J Front Retailing Co Ltd  | 31000 | 421758 |
| Household Durables - 0.2% |  |  |
| Sumitomo Forestry Co Ltd  | 39200 | 401781 |
| Leisure Products - 1.0% |  |  |
| Bandai Namco Holdings Inc  | 17300 | 564194 |
| Sankyo Co Ltd  | 27500 | 515482 |
| Sega Sammy Holdings Inc  | 20300 | 418828 |
|  |  | 1498504 |
| Specialty Retail - 0.8% |  |  |
| Sanrio Co Ltd  | 11700 | 483797 |
| USS Co Ltd  | 48000 | 525147 |
| ZOZO Inc  | 39300 | 390402 |
|  |  | 1399346 |
| TOTAL CONSUMER DISCRETIONARY |  | 4212666 |
| Consumer Staples - 2.0% |  |  |
| Beverages - 0.6% |  |  |
| Suntory Beverage & Food Ltd  | 32800 | 995584 |
| Food Products - 0.6% |  |  |
| Toyo Suisan Kaisha Ltd  | 16500 | 1059653 |
| Tobacco - 0.8% |  |  |
| Japan Tobacco Inc  | 46500 | 1334177 |
| TOTAL CONSUMER STAPLES |  | 3389414 |
| Energy - 0.9% |  |  |
| Oil, Gas & Consumable Fuels - 0.9% |  |  |
| Inpex Corp  | 116100 | 1656698 |
| Financials - 2.9% |  |  |
| Banks - 1.1% |  |  |
| Hachijuni Bank Ltd/The  | 78900 | 717201 |
| Iyogin Holdings Inc  | 49000 | 575647 |
| Mebuki Financial Group Inc  | 118300 | 647488 |
|  |  | 1940336 |
| Capital Markets - 0.3% |  |  |
| Daiwa Securities Group Inc  | 78800 | 553451 |
| Insurance - 1.5% |  |  |
| Ms&Ad Insurance Group Holdings Inc  | 31500 | 678999 |
| Sompo Holdings Inc  | 23400 | 695337 |
| Tokio Marine Holdings Inc  | 27100 | 1102765 |
|  |  | 2477101 |
| TOTAL FINANCIALS |  | 4970888 |
| Health Care - 2.3% |  |  |
| Health Care Providers & Services - 0.6% |  |  |
| Medipal Holdings Corp  | 57700 | 962337 |
| Pharmaceuticals - 1.7% |  |  |
| Ono Pharmaceutical Co Ltd  | 84700 | 951429 |
| Otsuka Holdings Co Ltd  | 19700 | 955973 |
| Shionogi & Co Ltd  | 64200 | 1086104 |
|  |  | 2993506 |
| TOTAL HEALTH CARE |  | 3955843 |
| Industrials - 4.1% |  |  |
| Building Products - 0.3% |  |  |
| Sanwa Holdings Corp  | 16000 | 439935 |
| Commercial Services & Supplies - 1.0% |  |  |
| Dai Nippon Printing Co Ltd  | 36000 | 557480 |
| Secom Co Ltd  | 16300 | 586603 |
| TOPPAN Holdings Inc  | 19400 | 527620 |
|  |  | 1671703 |
| Construction & Engineering - 0.4% |  |  |
| Kajima Corp  | 29000 | 730901 |
| Industrial Conglomerates - 0.6% |  |  |
| Hikari Tsushin Inc  | 1900 | 514090 |
| Sekisui Chemical Co Ltd  | 30700 | 537013 |
|  |  | 1051103 |
| Trading Companies & Distributors - 1.8% |  |  |
| ITOCHU Corp  | 18500 | 975186 |
| Mitsui & Co Ltd  | 41800 | 861026 |
| Sojitz Corp  | 23000 | 551101 |
| Sumitomo Corp  | 27600 | 707904 |
|  |  | 3095217 |
| TOTAL INDUSTRIALS |  | 6988859 |
| Information Technology - 1.6% |  |  |
| IT Services - 1.2% |  |  |
| NEC Corp  | 23300 | 681065 |
| Obic Co Ltd  | 12800 | 460985 |
| Otsuka Corp  | 15700 | 299144 |
| TIS Inc  | 15200 | 488436 |
|  |  | 1929630 |
| Software - 0.2% |  |  |
| Trend Micro Inc/Japan  | 6300 | 386301 |
| Technology Hardware, Storage & Peripherals - 0.2% |  |  |
| Brother Industries Ltd  | 21300 | 364801 |
| TOTAL INFORMATION TECHNOLOGY |  | 2680732 |
| Materials - 0.3% |  |  |
| Chemicals - 0.1% |  |  |
| Kuraray Co Ltd  | 20400 | 254636 |
| Paper & Forest Products - 0.2% |  |  |
| Oji Holdings Corp  | 73300 | 360034 |
| TOTAL MATERIALS |  | 614670 |
| Real Estate - 1.5% |  |  |
| Real Estate Management & Development - 1.5% |  |  |
| Daito Trust Construction Co Ltd  | 25400 | 2619409 |
| TOTAL JAPAN |  | 36783477 |
| NETHERLANDS - 4.0%  |  |  |
| Communication Services - 1.2% |  |  |
| Diversified Telecommunication Services - 1.2% |  |  |
| Koninklijke KPN NV  | 457844 | 2054179 |
| Consumer Staples - 0.9% |  |  |
| Consumer Staples Distribution & Retail - 0.9% |  |  |
| Koninklijke Ahold Delhaize NV  | 38844 | 1538278 |
| Energy - 0.6% |  |  |
| Oil, Gas & Consumable Fuels - 0.6% |  |  |
| Koninklijke Vopak NV  | 22186 | 1063458 |
| Financials - 0.9% |  |  |
| Capital Markets - 0.5% |  |  |
| Euronext NV (d)(e) | 5391 | 873710 |
| Financial Services - 0.4% |  |  |
| EXOR NV  | 6475 | 628079 |
| TOTAL FINANCIALS |  | 1501789 |
| Industrials - 0.4% |  |  |
| Professional Services - 0.4% |  |  |
| Wolters Kluwer NV  | 4043 | 632568 |
| TOTAL NETHERLANDS |  | 6790272 |
| NORWAY - 2.0%  |  |  |
| Consumer Staples - 0.9% |  |  |
| Food Products - 0.9% |  |  |
| Orkla ASA  | 131983 | 1397602 |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Equinor ASA  | 48658 | 1265440 |
| Industrials - 0.4% |  |  |
| Aerospace & Defense - 0.4% |  |  |
| Kongsberg Gruppen ASA  | 23425 | 704904 |
| TOTAL NORWAY |  | 3367946 |
| PORTUGAL - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| Banco Comercial Portugues SA  | 1158875 | 957123 |
| SINGAPORE - 2.1%  |  |  |
| Financials - 0.9% |  |  |
| Banks - 0.5% |  |  |
| Oversea-Chinese Banking Corp Ltd  | 64881 | 843676 |
| Capital Markets - 0.4% |  |  |
| Singapore Exchange Ltd  | 61200 | 754769 |
| TOTAL FINANCIALS |  | 1598445 |
| Real Estate - 1.2% |  |  |
| Diversified REITs - 1.2% |  |  |
| CapitaLand Integrated Commercial Trust  | 1227085 | 2080847 |
| TOTAL SINGAPORE |  | 3679292 |
| SPAIN - 1.3%  |  |  |
| Consumer Discretionary - 0.7% |  |  |
| Hotels, Restaurants & Leisure - 0.3% |  |  |
| Amadeus IT Group SA Class A  | 7092 | 571609 |
| Specialty Retail - 0.4% |  |  |
| Industria de Diseno Textil SA  | 12106 | 580702 |
| TOTAL CONSUMER DISCRETIONARY |  | 1152311 |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| CaixaBank SA  | 116905 | 1103880 |
| TOTAL SPAIN |  | 2256191 |
| SWEDEN - 3.3%  |  |  |
| Consumer Staples - 1.4% |  |  |
| Food Products - 0.7% |  |  |
| AAK AB  | 43967 | 1137940 |
| Household Products - 0.7% |  |  |
| Essity AB B Shares  | 50305 | 1244766 |
| TOTAL CONSUMER STAPLES |  | 2382706 |
| Financials - 0.8% |  |  |
| Financial Services - 0.8% |  |  |
| Industrivarden AB A Shares  | 13173 | 490218 |
| Investor AB B Shares  | 29224 | 851885 |
|  |  | 1342103 |
| Industrials - 1.0% |  |  |
| Building Products - 0.3% |  |  |
| Assa Abloy AB B Shares  | 16998 | 563941 |
| Machinery - 0.7% |  |  |
| Atlas Copco AB A Shares  | 43008 | 658353 |
| SKF AB B Shares  | 19427 | 455230 |
|  |  | 1113583 |
| TOTAL INDUSTRIALS |  | 1677524 |
| Materials - 0.1% |  |  |
| Paper & Forest Products - 0.1% |  |  |
| Holmen AB B Shares  | 5420 | 202143 |
| TOTAL SWEDEN |  | 5604476 |
| SWITZERLAND - 6.1%  |  |  |
| Financials - 1.5% |  |  |
| Capital Markets - 0.5% |  |  |
| Swissquote Group Holding SA  | 1166 | 781832 |
| Consumer Finance - 0.3% |  |  |
| Cembra Money Bank AG  | 5159 | 580352 |
| Insurance - 0.7% |  |  |
| Zurich Insurance Group AG  | 1725 | 1182360 |
| TOTAL FINANCIALS |  | 2544544 |
| Health Care - 1.4% |  |  |
| Health Care Equipment & Supplies - 0.3% |  |  |
| Sonova Holding AG  | 1768 | 483992 |
| Health Care Providers & Services - 0.3% |  |  |
| Galenica AG (d)(e) | 5593 | 595081 |
| Life Sciences Tools & Services - 0.3% |  |  |
| Siegfried Holding AG  | 4362 | 491501 |
| Pharmaceuticals - 0.5% |  |  |
| Sandoz Group AG  | 13248 | 762366 |
| TOTAL HEALTH CARE |  | 2332940 |
| Industrials - 1.0% |  |  |
| Building Products - 0.4% |  |  |
| Geberit AG  | 1053 | 809152 |
| Electrical Equipment - 0.6% |  |  |
| Accelleron Industries AG  | 10528 | 963927 |
| TOTAL INDUSTRIALS |  | 1773079 |
| Information Technology - 0.3% |  |  |
| Software - 0.1% |  |  |
| Temenos AG  | 3024 | 272404 |
| Technology Hardware, Storage & Peripherals - 0.2% |  |  |
| Logitech International SA  | 3021 | 283257 |
| TOTAL INFORMATION TECHNOLOGY |  | 555661 |
| Materials - 0.3% |  |  |
| Chemicals - 0.3% |  |  |
| EMS-Chemie Holding AG  | 301 | 238152 |
| Givaudan SA  | 68 | 285633 |
|  |  | 523785 |
| Real Estate - 1.6% |  |  |
| Real Estate Management & Development - 1.6% |  |  |
| PSP Swiss Property AG  | 16159 | 2748055 |
| TOTAL SWITZERLAND |  | 10478064 |
| UNITED KINGDOM - 13.5%  |  |  |
| Communication Services - 3.6% |  |  |
| Interactive Media & Services - 2.3% |  |  |
| Auto Trader Group PLC (d)(e) | 165974 | 1839280 |
| Rightmove PLC  | 193999 | 2101581 |
|  |  | 3940861 |
| Wireless Telecommunication Services - 1.3% |  |  |
| Vodafone Group PLC  | 2084554 | 2262599 |
| TOTAL COMMUNICATION SERVICES |  | 6203460 |
| Consumer Discretionary - 0.4% |  |  |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| Compass Group PLC  | 14019 | 494412 |
| InterContinental Hotels Group PLC  | 2349 | 272433 |
|  |  | 766845 |
| Consumer Staples - 3.3% |  |  |
| Food Products - 0.4% |  |  |
| Tate & Lyle PLC  | 104050 | 738043 |
| Personal Care Products - 1.1% |  |  |
| Unilever PLC  | 33179 | 1935440 |
| Tobacco - 1.8% |  |  |
| British American Tobacco PLC  | 35267 | 1885492 |
| Imperial Brands PLC  | 29702 | 1161103 |
|  |  | 3046595 |
| TOTAL CONSUMER STAPLES |  | 5720078 |
| Financials - 2.3% |  |  |
| Banks - 1.1% |  |  |
| NatWest Group PLC  | 135058 | 941902 |
| Standard Chartered PLC  | 50592 | 910867 |
|  |  | 1852769 |
| Capital Markets - 0.9% |  |  |
| 3i Group PLC  | 16434 | 902757 |
| IG Group Holdings PLC  | 42175 | 630679 |
|  |  | 1533436 |
| Insurance - 0.3% |  |  |
| Beazley PLC  | 52715 | 624006 |
| TOTAL FINANCIALS |  | 4010211 |
| Health Care - 1.7% |  |  |
| Pharmaceuticals - 1.7% |  |  |
| Astrazeneca PLC  | 15695 | 2351992 |
| Hikma Pharmaceuticals PLC  | 19790 | 514354 |
|  |  | 2866346 |
| Industrials - 1.8% |  |  |
| Aerospace & Defense - 1.1% |  |  |
| BAE Systems PLC  | 32781 | 782588 |
| Rolls-Royce Holdings PLC  | 80153 | 1137076 |
|  |  | 1919664 |
| Industrial Conglomerates - 0.2% |  |  |
| CK Hutchison Holdings Ltd  | 49500 | 324114 |
| Professional Services - 0.5% |  |  |
| RELX PLC  | 15437 | 804068 |
| TOTAL INDUSTRIALS |  | 3047846 |
| Information Technology - 0.4% |  |  |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| Halma PLC  | 8071 | 347339 |
| Software - 0.2% |  |  |
| Sage Group PLC/The  | 18516 | 298938 |
| TOTAL INFORMATION TECHNOLOGY |  | 646277 |
| TOTAL UNITED KINGDOM |  | 23261063 |
| UNITED STATES - 8.4%  |  |  |
| Energy - 1.6% |  |  |
| Oil, Gas & Consumable Fuels - 1.6% |  |  |
| Shell PLC  | 78093 | 2801666 |
| Health Care - 4.9% |  |  |
| Life Sciences Tools & Services - 0.4% |  |  |
| QIAGEN NV (Germany)  | 13841 | 693867 |
| Pharmaceuticals - 4.5% |  |  |
| GSK PLC  | 60356 | 1132587 |
| Haleon PLC  | 176713 | 840702 |
| Novartis AG  | 19466 | 2257869 |
| Roche Holding AG  | 7096 | 2246637 |
| Sanofi SA  | 13375 | 1206911 |
|  |  | 7684706 |
| TOTAL HEALTH CARE |  | 8378573 |
| Industrials - 1.5% |  |  |
| Commercial Services & Supplies - 0.4% |  |  |
| Waste Connections Inc  | 3877 | 725569 |
| Electrical Equipment - 0.8% |  |  |
| Schneider Electric SE  | 4800 | 1253969 |
| Professional Services - 0.3% |  |  |
| Experian PLC  | 9948 | 527114 |
| TOTAL INDUSTRIALS |  | 2506652 |
| Materials - 0.4% |  |  |
| Construction Materials - 0.4% |  |  |
| Amrize Ltd (United States)  | 3409 | 174267 |
| Buzzi SpA  | 5104 | 267086 |
| Holcim AG  | 3540 | 283270 |
|  |  | 724623 |
| TOTAL UNITED STATES |  | 14411514 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $150,688,714) |  | <br> **170527396** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** |
|  | Yield (%) (g) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 8/21/2025 (h)<br>(Cost $32,923)<br>| 4.25 | 33000 | **32921** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.4%** | &nbsp;&nbsp;**Money Market Funds - 0.4%** | &nbsp;&nbsp;**Money Market Funds - 0.4%** | &nbsp;&nbsp;**Money Market Funds - 0.4%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (i)<br>(Cost $609,659)<br>| 4.33 | 609537 | **609659** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.7%**<br> (Cost $151,331,296)<br>| <br>**171169976** |
| **NET OTHER ASSETS (LIABILITIES) - 0.3%** (f)  | **555730** |
| **NET ASSETS - 100.0%** | **171725706** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Contracts |  |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 9 | Sep 2025 | 1176030 | (15004) | (15004) |
| The notional amount of futures purchased as a percentage of Net Assets is 0.7% | The notional amount of futures purchased as a percentage of Net Assets is 0.7% | The notional amount of futures purchased as a percentage of Net Assets is 0.7% | The notional amount of futures purchased as a percentage of Net Assets is 0.7% | The notional amount of futures purchased as a percentage of Net Assets is 0.7% | The notional amount of futures purchased as a percentage of Net Assets is 0.7% |

---

**Legend**

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

(b) Non-income producing.

(c) Level 3 security

(d) 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 $4,002,741 or 2.3% of net assets.

(e) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $4,002,741 or 2.3% of net assets.

(f) Includes $31,769 of cash collateral to cover margin requirements for futures contracts.

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

(h) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $32,921.

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 217770 | 10021806 | 9629917 | 11150 | - | - | 609659 | 609537 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | - | 4304104 | 4304104 | 656 | - | - | - | - | 0.0% |
| Total | 217770 | 14325910 | 13934021 | 11806 | - | - | 609659 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity International Multifactor ETF

- **b. EDGAR series identifier (if any):** S000064788

- **c. LEI of Series:** 54930024Z981SMEB6H76

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $171764177.12

**Total Liabilities:** $38549.11

**Net Assets:** $171725628.01

**Cash Not Reported:** $105489.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209805 | 3.52%                | 2.83%                | -1.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $57.25                   | $4408731.02                                |
| Month 2  | $-28090.67               | $4059966.08                                |
| Month 3  | $-9.60                   | $-3047313.40                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JB HI-FI LTD                                   | JB HI-FI LTD                           | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |      6224 | NS      | $447617.91    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TATE and LYLE PLC                              | TATE and LYLE PLC                      | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |    104050 | NS      | $738042.88    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HANNOVER RUECK SA                              | HANNOVER RUECKVERSICHERUNGS SE(REGD)   | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |      2484 | NS      | $757391.77    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EBOS GROUP LTD                                 | EBOS GROUP LTD                         | CUSIP: N/A<br>LEI: 254900KJ40C7HBYTWC21       | Long             | EC               | CORP              | NZ        |     35532 | NS      | $857931.33    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES SE                               | TOTALENERGIES SE                       | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     33863 | NS      | $2016185.79   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                    | EQUINOR ASA                            | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     48658 | NS      | $1265440.31   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZRAHI TEFAHOT BANK LTD                       | MIZRAHI TEFAHOT BANK LTD               | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | EC               | CORP              | IL        |     12399 | NS      | $769318.37    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                     | EIFFAGE SA (FORM FOUGEROLLE)           | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      4724 | NS      | $636116.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LOBLAW COS LTD                                 | LOBLAW COS LTD DTC ELIGIBLE            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      8411 | NS      | $1363171.51   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                 | MSCI EAFE FUT SEP25 MFSU5              | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |         9 | NC      | $-15003.78    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| HIKMA PHARMACEUTICALS PLC                      | HIKMA PHARMACEUTICALS PLC              | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |     19790 | NS      | $514353.85    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN TOBACCO INC                              | JAPAN TOBACCO INC                      | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     46500 | NS      | $1334177.22   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDOZ GROUP AG                                | SANDOZ GROUP AG                        | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |     13248 | NS      | $762365.67    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SECOM CO LTD                                   | SECOM CO LTD                           | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |     16300 | NS      | $586602.88    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMBRA MONEY BANK AG                           | CEMBRA MONEY BANK AG                   | CUSIP: N/A<br>LEI: 549300ZDHOETLAIVTE82       | Long             | EC               | CORP              | CH        |      5159 | NS      | $580351.76    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO INC                                       | ZOZO INC                               | CUSIP: N/A<br>LEI: 549300GC7XPQMZA0OW13       | Long             | EC               | CORP              | JP        |     39300 | NS      | $390401.67    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                   | BRITISH AMERICAN TOBACCO PLC           | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     35267 | NS      | $1885491.61   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK OF CANADA                        | NATIONAL BANK OF CANADA DTC ELIGIBLE   | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      6142 | NS      | $640299.78    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                       | ROLLS-ROYCE HOLDINGS PLC               | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     80153 | NS      | $1137075.46   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                         | SAP SE                                 | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      5045 | NS      | $1448183.10   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MS and AD INSURANCE GROUP HOLDINGS INC         | MS and AD INSURANCE GRP HLDGS INC      | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |     31500 | NS      | $678999.30    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX FINANCE LTD                            | PHOENIX FINANCE LTD                    | CUSIP: N/A<br>LEI: 254900IUA68QTCFYHE30       | Long             | EC               | CORP              | IL        |     32075 | NS      | $1099546.81   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLARAMA INC                                  | DOLLARAMA INC                          | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      5072 | NS      | $694756.33    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISSQUOTE GROUP HOLDING SA                    | SWISSQUOTE GROUP HOLDINGS SA           | CUSIP: N/A<br>LEI: 549300O3WME82RDPEN66       | Long             | EC               | CORP              | CH        |      1166 | NS      | $781832.40    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC CORP                                       | NEC CORP                               | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     23300 | NS      | $681063.82    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FINNING INTERNATIONAL INC                      | FINNING INTERNATIONAL INC              | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |     16311 | NS      | $712349.05    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SAGE GROUP PLC                             | THE SAGE GROUP PLC                     | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     18516 | NS      | $298938.41    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK AS                                | NOVO-NORDISK AS CL B                   | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     30067 | NS      | $1450351.08   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                      | ZURICH INSURANCE GROUP AG              | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      1725 | NS      | $1182359.46   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIWA SECURITIES GROUP INC                     | DAIWA SECURITIES GROUP INC             | CUSIP: N/A<br>LEI: 353800WRC7Y23PWFJG38       | Long             | EC               | CORP              | JP        |     78800 | NS      | $553450.95    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIA DE DISENO TEXTIL INDITEX SA          | INDITEX SA                             | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     12106 | NS      | $580701.71    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MANULIFE FINANCIAL CORP                        | MANULIFE FINANCIAL CORP                | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     22079 | NS      | $684623.87    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BUREAU VERITAS SA                              | BUREAU VERITAS SA                      | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |     14359 | NS      | $444391.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIVARDEN AB                              | INDUSTRIVARDEN AB SER A                | CUSIP: N/A<br>LEI: 549300TM1DLIQI3B3T37       | Long             | EC               | CORP              | SE        |     13173 | NS      | $490218.41    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DAITO TRUST CONSTRUCTION CO LTD                | DAITO TRUST CONSTRUCTION               | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |     25400 | NS      | $2619409.28   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RATIONAL AG                                    | RATIONAL AG                            | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |       720 | NS      | $559959.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER BANCA                                     | BPER BANCA                             | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |     70463 | NS      | $696479.82    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                       | RELX PLC                               | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     15437 | NS      | $804067.88    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CARREFOUR SA                                   | CARREFOUR SA (SUPERMARCHE)             | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |     84387 | NS      | $1214075.22   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TUI AG                                         | TUI AG (GB)                            | CUSIP: N/A<br>LEI: 529900SL2WSPV293B552       | Long             | EC               | CORP              | DE        |     46534 | NS      | $423953.50    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG                                    | NOVARTIS AG (REG)                      | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     19466 | NS      | $2257869.02   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO LTD                                  | RIO TINTO LTD                          | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |      2029 | NS      | $145921.71    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI and CO LTD                              | MITSUI and CO LTD                      | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |     41800 | NS      | $861025.28    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                                   | CAIXABANK SA                           | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    116905 | NS      | $1103879.85   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO CORP                                  | SUMITOMO CORP                          | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |     27600 | NS      | $707903.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCHE HOLDING AG                               | ROCHE HOLDINGS AG (GENUSSCHEINE)       | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      7096 | NS      | $2246637.03   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                       | NICE LTD                               | CUSIP: N/A<br>LEI: 254900YTY4EF5Z4W0A51       | Long             | EC               | CORP              | IL        |      1652 | NS      | $259637.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| USS CO LTD                                     | USS CO LTD                             | CUSIP: N/A<br>LEI: 5299000RRQD6UZXG4W72       | Long             | EC               | CORP              | JP        |     48000 | NS      | $525147.01    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOVA HLDG AG                                 | SONOVA HLDG AG                         | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Long             | EC               | CORP              | CH        |      1768 | NS      | $483992.86    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| OVERSEA-CHINESE BKG CORP LTD                   | OVERSEA-CHINESE BKG CORP LTD           | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |     64881 | NS      | $843675.55    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND INTEGRATED COMMERCIAL TRUST         | CAPITALAND INTEGRATED COMMERCIAL TRUST | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |   1227085 | NS      | $2080847.11   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ISRAEL DISCOUNT BANK LTD                       | ISRAEL DISCOUNT BANK LTD CL A          | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |     82120 | NS      | $789345.40    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYO SUISAN KAISHA LTD                         | TOYO SUISAN KAISHA LTD                 | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16500 | NS      | $1059653.14   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE             | CANADIAN IMP BK OF COMMERCE            | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     11307 | NS      | $809903.59    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                     | CONSTELLATION SOFTWARE INC             | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       171 | NS      | $591246.52    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SA                                   | CAPGEMINI SA (FF40)                    | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |      1921 | NS      | $287807.29    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BANDAI NAMCO HOLDINGS INC                      | BANDAI NAMCO HOLDINGS INC              | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |     17300 | NS      | $564194.16    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                | BAE SYSTEMS PLC                        | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     32781 | NS      | $782588.48    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SANWA HOLDINGS CORP                            | SANWA HOLDINGS CORP                    | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |     16000 | NS      | $439934.88    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DAI NIPPON PRINTING LTD JAPAN                  | DAI NIPPON PRINTING CO LTD             | CUSIP: N/A<br>LEI: 529900S7NFNQ4FT6OP83       | Long             | EC               | CORP              | JP        |     36000 | NS      | $557480.31    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KONE OYJ                                       | KONE OYJ B                             | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     11807 | NS      | $728929.08    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO COMERCIAL PORTUGUES SA                   | BANCO COMERCIAL PORTUGUE (REG)         | CUSIP: N/A<br>LEI: JU1U6S0DG9YLT7N8ZV32       | Long             | EC               | CORP              | PT        |   1158875 | NS      | $957123.30    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GALENICA AG                                    | GALENICA SANTE LTD                     | CUSIP: N/A<br>LEI: 506700W4772BD8016Z20       | Long             | EC               | CORP              | CH        |      5593 | NS      | $595080.60    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                        | GSK PLC                                | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     60356 | NS      | $1132586.56   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                             | ITOCHU CORP                            | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     18500 | NS      | $975185.22    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SOMPO HOLDINGS INC                             | SOMPO HOLDINGS INC                     | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |     23400 | NS      | $695337.39    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLMEN AB                                      | HOLMEN AB SER B                        | CUSIP: N/A<br>LEI: 52990080SH3454F0QE68       | Long             | EC               | CORP              | SE        |      5420 | NS      | $202143.49    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC RESOURCES LTD                              | ARC RESOURCES LTD                      | CUSIP: 00208D408<br>LEI: FIR47I6FEYKYNJBYW622 | Long             | EC               | CORP              | CA        |     77301 | NS      | $1512416.95   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL KPN NV (KONINKLIJKE KPN)                 | KPN (KON) NV                           | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    457844 | NS      | $2054179.38   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO PLC                                  | RIO TINTO PLC                          | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |      6406 | NS      | $381778.81    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BEAZLEY PLC/UK                                 | BEAZLEY PLC/UK                         | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |     52715 | NS      | $624006.74    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI INC                                        | CGI INC CL A SUB VTG                   | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      3422 | NS      | $330628.74    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMRIZE LTD                                     | AMRIZE LTD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |      3409 | NS      | $174268.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSA ABLOY AB                                  | ASSA ABLOY AB SER B                    | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |     16998 | NS      | $563941.11    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INTACT FINANCIAL CORP                          | INTACT FINL CORP                       | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      2868 | NS      | $594116.09    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ORKLA ASA                                      | ORKLA ASA                              | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    131983 | NS      | $1397602.07   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNTORY BEVERAGE and FOOD LTD                  | SUNTORY BEVERAGE and FOOD LTD          | CUSIP: N/A<br>LEI: 549300FONLMVK7YYYH41       | Long             | EC               | CORP              | JP        |     32800 | NS      | $995583.91    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KERRY GROUP PLC                                | KERRY GROUP PLC CL A                   | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               | CORP              | IE        |     12359 | NS      | $1147906.80   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTION INC                           | WASTE CONNECTIONS INC                  | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      3877 | NS      | $725568.68    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIBANK PRIVATE LIMITED                       | MEDIBANK PRIVATE LIMITED               | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               | CORP              | AU        |    249656 | NS      | $819779.18    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| POSTE ITALIANE SPA                             | POSTE ITALIANE SPA                     | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |     32003 | NS      | $694669.63    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIPAL HLDGS CORP                             | MEDIPAL HOLDINGS CORP                  | CUSIP: N/A<br>LEI: 353800PJDODZEA4NP730       | Long             | EC               | CORP              | JP        |     57700 | NS      | $962337.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TREND MICRO INC                                | TREND MICRO INC                        | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |      6300 | NS      | $386301.21    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KURARAY CO LTD                                 | KURARAY CO LTD                         | CUSIP: N/A<br>LEI: 549300W9JPTOE739QZ31       | Long             | EC               | CORP              | JP        |     20400 | NS      | $254635.70    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEGFRIED HOLDING AG                           | SIEGFRIED AG                           | CUSIP: N/A<br>LEI: 506700J9QD6IF3937W06       | Long             | EC               | CORP              | CH        |      4362 | NS      | $491500.52    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HIKARI TSUSHIN INC                             | HIKARI TSUSHIN INC                     | CUSIP: N/A<br>LEI: 3538001SOIIV8U3OXH94       | Long             | EC               | CORP              | JP        |      1900 | NS      | $514090.17    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB                                 | ATLAS COPCO AB SER A                   | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     43008 | NS      | $658353.16    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVONESIS (NOVOZYMES) B                        | NOVONESIS (NOVOZYMES) B                | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |      4524 | NS      | $295454.53    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                          | KONGSBERG GRUPPEN ASA                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     23425 | NS      | $704903.97    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SKF AB                                         | SKF AB SER B                           | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |     19427 | NS      | $455230.12    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                      | SHELL PLC                              | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     78093 | NS      | $2801665.91   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESENIUS MEDICAL CARE AG                      | FRESENIUS MEDICAL CARE AG              | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     12327 | NS      | $627562.44    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPERFORMANCE                                | TELEPERFORMANCE                        | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |      4475 | NS      | $439045.95    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWER SEMICONDUCTOR LTD                        | TOWER SEMICONDCTR LTD                  | CUSIP: N/A<br>LEI: 54930086ZSNXZOUX0C54       | Long             | EC               | CORP              | IL        |      5218 | NS      | $244242.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SINO LAND LTD                                  | SINO LAND CO                           | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   1807295 | NS      | $2083569.39   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TEMENOS AG                                     | TEMENOS AG                             | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |      3024 | NS      | $272403.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LTD                                   | BRAMBLES LTD                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     31494 | NS      | $484832.92    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                      | HOLCIM LTD                             | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      3540 | NS      | $283269.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SANRIO CO LTD                                  | SANRIO CO LTD                          | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125       | Long             | EC               | CORP              | JP        |     11700 | NS      | $483797.47    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCORP GROUP LTD                              | SUNCORP GROUP LTD                      | CUSIP: N/A<br>LEI: 549300BVOKRTHDIWVT46       | Long             | EC               | CORP              | AU        |     46150 | NS      | $622798.68    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                           | BANK LEUMI LE-ISRAEL BM                | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     52613 | NS      | $978099.96    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| IG GROUP HOLDINGS PLC                          | IG GROUP HLDGS PLC                     | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |     42175 | NS      | $630678.83    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLTERS KLUWER NV                              | WOLTERS KLUWER NV                      | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      4043 | NS      | $632567.72    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AMADEUS IT GROUP SA                            | AMADEUS IT GROUP SA                    | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |      7092 | NS      | $571609.61    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                | ASTRAZENECA PLC                        | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     15695 | NS      | $2351992.33   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX LTD                                        | ASX LTD                                | CUSIP: N/A<br>LEI: 549300VSBVYUCBIQKT71       | Long             | EC               | CORP              | AU        |     16182 | NS      | $729835.59    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI CORP                                      | KDDI CORP                              | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    100400 | NS      | $1658156.08   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                | NINTENDO CO LTD                        | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     28300 | NS      | $2386305.19   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEBECOR INC                                   | QUEBECOR INC CL B SUB VTG              | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     68930 | NS      | $1943431.63   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| J FRONT RETAILING CO LTD                       | J FRONT RETAILING CO LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     31000 | NS      | $421758.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OTSUKA HOLDINGS CO LTD                         | OTSUKA HOLDINGS CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     19700 | NS      | $955972.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WASHINGTON H SOUL PATTINSON and CO LTD         | SOUL PATTINSON (WASH H) and CO         | CUSIP: N/A<br>LEI: 549300G2Q3P6ZVNC1465       | Long             | EC               | CORP              | AU        |     29205 | NS      | $763051.68    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBARU CORP                                    | SUBARU CORP                            | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     26600 | NS      | $491276.79    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BRENNTAG SE                                    | BRENNTAG SE                            | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |     10328 | NS      | $644712.56    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                              | INPEX CORP                             | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    116100 | NS      | $1656697.90   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPPAN HOLDINGS INC                            | TOPPAN HOLDINGS INC                    | CUSIP: 890747108<br>LEI: 3538003H9W4KIDODQY20 | Long             | EC               | CORP              | JP        |     19400 | NS      | $527620.19    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                         | STANDARD CHARTERED PLC                 | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     50592 | NS      | $910867.31    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCELLERON INDUSTRIES LTD                      | ACCELLERON INDUSTRIES LTD              | CUSIP: N/A<br>LEI: 254900KS0MD2PAARXD14       | Long             | EC               | CORP              | CH        |     10528 | NS      | $963926.85    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| METRO INC                                      | METRO INC                              | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |     15720 | NS      | $1204682.65   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LTD                                  | BHP GROUP LIMITED                      | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     17857 | NS      | $451266.26    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE LTD                         | SINGAPORE EXCHANGE LTD                 | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |     61200 | NS      | $754769.34    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GIVAUDAN SA                                    | GIVAUDAN AG                            | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |        68 | NS      | $285632.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BROTHER INDUSTRIES LTD                         | BROTHER INDUSTRIES                     | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |     21300 | NS      | $364801.16    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                   | EXPERIAN PLC                           | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |      9948 | NS      | $527114.02    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA                              | SCHNEIDER ELECTRIC SE                  | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      4800 | NS      | $1253968.98   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE ST GOBAIN                         | ST GOBAIN CIE DE                       | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      7250 | NS      | $832288.15    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KAJIMA CORP                                    | KAJIMA CORP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     29000 | NS      | $730901.36    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KNORR-BREMSE AG                                | KNORR-BREMSE AG                        | CUSIP: N/A<br>LEI: 5299001GRRO0Z25YZT52       | Long             | EC               | CORP              | DE        |      8037 | NS      | $808110.05    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SODEXO SA                                      | SODEXO                                 | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |      5323 | NS      | $318634.59    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SEKISUI CHEMICAL CO LTD                        | SEKISUI CHEMICAL CO LTD                | CUSIP: N/A<br>LEI: 529900KQIVT7NWFNMI70       | Long             | EC               | CORP              | JP        |     30700 | NS      | $537012.86    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GEBERIT AG                                     | GEBERIT AG (REG)                       | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |      1053 | NS      | $809152.15    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO FORESTRY CO LTD                       | SUMITOMO FORESTRY CO LTD               | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |     39200 | NS      | $401780.79    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SANKYO CO LTD GUNMA                            | SANKYO CO LTD GUNMA (6417)             | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |     27500 | NS      | $515482.24    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                   | Fidelity Cash Central Fund             | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    609537 | NS      | $609658.69    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERALI                                       | GENERALI                               | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     20590 | NS      | $771088.83    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                   | GAZTRANSPORT ET TECHNIGA               | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |      6676 | NS      | $1260767.61   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PEMBINA PIPELINE CORP                          | PEMBINA PIPELINE CORP                  | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     39245 | NS      | $1461876.60   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIONOGI and CO LTD                            | SHIONOGI and CO LTD                    | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     64200 | NS      | $1086103.86   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| OTSUKA CORPORATION                             | OTSUKA CORPORATION                     | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     15700 | NS      | $299144.49    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MEBUKI FINANCIAL GROUP INC                     | MEBUKI FINANCIAL GROUP INC             | CUSIP: N/A<br>LEI: 353800K1RXV3E3JAE812       | Long             | EC               | CORP              | JP        |    118300 | NS      | $647488.02    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK HAPOALIM B M                              | BANK HAPOALIM LTD (REG)                | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |     50941 | NS      | $960980.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO TRADER GROUP PLC                          | AUTO TRADER GROUP PLC                  | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    165974 | NS      | $1839279.54   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC CO LTD                                    | OBIC CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     12800 | NS      | $460985.41    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC HONG KONG HOLDINGS LTD                     | BANK OF CHINA HONG KONG LTD            | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    182000 | NS      | $818420.38    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| IYOGIN HOLDINGS INC                            | IYOGIN HOLDINGS INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     49000 | NS      | $575647.03    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                               | IMPERIAL OIL LTD                       | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |     20382 | NS      | $1703180.69   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SEB SA                                         | SEB SA                                 | CUSIP: N/A<br>LEI: 969500WP61NBK098AC47       | Long             | EC               | CORP              | FR        |      4168 | NS      | $307219.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                            | IMPERIAL BRANDS PLC                    | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     29702 | NS      | $1161103.42   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PUMA AG (RUDOLPH DASSLER SPORT                 | PUMA SE                                | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |     12807 | NS      | $273303.11    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                     | CONSTELLATION SOFTWARE INC WT 08/22/28 | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |        40 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HALMA PLC                                      | HALMA PLC                              | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      8071 | NS      | $347338.24    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC                                     | HALEON PLC                             | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |    176713 | NS      | $840702.07    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PSP SWISS PROPERTY AG                          | PSP SWISS PROPERTY AG                  | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |     16159 | NS      | $2748054.80   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CCL INDUSTRIES INC                             | CCL INDUSTRIES INC B NON VTG           | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |      4466 | NS      | $250183.86    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD                  | JARDINE MATHESON HLD                   | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | BM        |      5477 | NS      | $298660.81    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW          | INTERCONTINENTAL HOTELS GP PLC         | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      2349 | NS      | $272433.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RIGHTMOVE PLC                                  | RIGHTMOVE PLC                          | CUSIP: N/A<br>LEI: 2138001JXGCFKBXYB828       | Long             | EC               | CORP              | GB        |    193999 | NS      | $2101580.12   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TIS INC                                        | TIS INC                                | CUSIP: N/A<br>LEI: 35380064HYEZXBQHDF07       | Long             | EC               | CORP              | JP        |     15200 | NS      | $488436.16    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LTD                 | FAIRFAX FINL HLDGS LTD SUB VTG         | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       370 | NS      | $655875.88    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                         | UCB SA                                 | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |      3650 | NS      | $795625.35    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GRP PLC                               | VODAFONE GROUP PLC                     | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   2084554 | NS      | $2262599.23   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EMS-CHEMIE HOLDING AG                          | EMS-CHEMIE HOLDING AG                  | CUSIP: N/A<br>LEI: 529900G1XFTGSE0DIX60       | Long             | EC               | CORP              | CH        |       301 | NS      | $238153.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB                                         | AAK AB                                 | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |     43967 | NS      | $1137939.73   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PRO MEDICUS LTD                                | PRO MEDICUS LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      4871 | NS      | $1009509.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OJI HOLDINGS CORP                              | OJI HOLDINGS CORP                      | CUSIP: N/A<br>LEI: 529900LVC9GIIYUGE243       | Long             | EC               | CORP              | JP        |     73300 | NS      | $360034.29    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                   | 3I GROUP PLC                           | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     16434 | NS      | $902756.74    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNOLOGY ONE LIMITED                         | TECHNOLOGY ONE LIMITED                 | CUSIP: N/A<br>LEI: 875500YEWBJIM91P9N12       | Long             | EC               | CORP              | AU        |     16808 | NS      | $444560.81    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EXOR NV                                        | EXOR NV                                | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |      6475 | NS      | $628078.97    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| THOMSON REUTERS CORP                           | THOMSON REUTERS CORP                   | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      3478 | NS      | $699549.56    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ONO PHARMACEUTICAL CO LTD                      | ONO PHARMACEUTICAL CO LTD              | CUSIP: N/A<br>LEI: 529900G26L4NG4GFJZ86       | Long             | EC               | CORP              | JP        |     84700 | NS      | $951429.28    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                 | CANADIAN NATL RESOURCES LTD            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     57039 | NS      | $1809504.57   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KINROSS GOLD CORP                              | KINROSS GOLD CORP                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     20571 | NS      | $329868.05    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTOR AB                                    | INVESTOR AB SER B                      | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |     29224 | NS      | $851885.08    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTESCUE LTD                                  | FORTESCUE LTD                          | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     10862 | NS      | $124274.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SEGA SAMMY HLDINGS INC                         | SEGA SAMMY HOLDINGS INC                | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51       | Long             | EC               | CORP              | JP        |     20300 | NS      | $418827.87    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SOJITZ CORPORATION                             | SOJITZ CORPORATION                     | CUSIP: N/A<br>LEI: 5493004SE33MRLPB1W98       | Long             | EC               | CORP              | JP        |     23000 | NS      | $551101.37    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZE NV                  | KONINKLIJKE AHOLD DELHAIZE NV          | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     38844 | NS      | $1538277.95   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PANDORA A/S                                    | PANDORA A/S                            | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      2384 | NS      | $396915.88    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                      | QIAGEN NV                              | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |     13841 | NS      | $693867.19    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSUS NV                                      | PROSUS NV                              | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     16029 | NS      | $921702.64    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DEFINITY FINANCIAL CORP                        | DEFINITY FINANCIAL CORP                | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |      8185 | NS      | $441944.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| INSURANCE AUSTRALIA GROUP LTD                  | INSURANCE AUSTRALIA GROUP LTD          | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |    119970 | NS      | $677418.34    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTSERVICE CORP                              | FIRSTSERVICE CORP                      | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      9024 | NS      | $1782673.23   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX GROUP LTD                                  | TMX GROUP LTD                          | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     11255 | NS      | $458650.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FDJ UNITED                                     | FDJ UNITED                             | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |     10346 | NS      | $324220.66    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BUZZI SPA                                      | BUZZI SPA                              | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |      5104 | NS      | $267086.33    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA | RECORDATI SPA                          | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      9348 | NS      | $539242.37    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                   | UNILEVER PLC ORD                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     33179 | NS      | $1935439.50   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                      | UST BILLS 0% 08/21/2025                | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     33000 | PA      | $32921.24     | 0.02%             | 2025-08-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ESSITY AB                                      | ESSITY AB B                            | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     50305 | NS      | $1244765.01   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONEXT NV                                    | EURONEXT NV                            | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |      5391 | NS      | $873710.10    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                              | COMPASS GROUP PLC                      | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     14019 | NS      | $494411.96    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                              | NATWEST GROUP PLC                      | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    135058 | NS      | $941901.85    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CK HUTCHISON HOLDINGS LTD                      | CK HUTCHISON HOLDINGS LTD              | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |     49500 | NS      | $324114.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LOGITECH INTERNATIONAL SA                      | LOGITECH INTL SA REG                   | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |      3021 | NS      | $283257.11    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TALANX AG                                      | TALANX AKTIENGESELLSCHAFT              | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |      7004 | NS      | $934715.53    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI                                         | SANOFI                                 | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     13375 | NS      | $1206910.81   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA                           | ROYAL BANK OF CANADA                   | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     11716 | NS      | $1506627.35   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                      | TOKIO MARINE HOLDINGS INC              | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     27100 | NS      | $1102763.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNICO EAGLE MINES LTD                         | AGNICO EAGLE MINES LTD                 | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      3545 | NS      | $441051.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VOPAK NV (KONINKLIJKE)                         | VOPAK (KON) NV                         | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |     22186 | NS      | $1063458.27   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HACHIJUNI BK LTD                               | HACHIJUNI BANK LTD                     | CUSIP: N/A<br>LEI: FE70I3MHDCWOZWK19W48       | Long             | EC               | CORP              | JP        |     78900 | NS      | $717201.24    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESENIUS SE and CO KGAA                       | FRESENIUS SE and CO KGAA               | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     16926 | NS      | $813263.99    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KONAMI GROUP CORPORATION                       | KONAMI GROUP CORPORATION               | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |     12100 | NS      | $1649835.54   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLY SPA                                      | REPLY SPA                              | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |      1541 | NS      | $242692.21    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer