# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-23-066253
**Filing Date:** 2023-3
**Character Count:** 57265
**Document Hash:** b3143953fbb30ed678daa2231e06ba6c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066253.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066253

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230731

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 23761842

**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 MSCI Real Estate Index ETF (Series ID: S000047984)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000151119 | Fidelity MSCI Real Estate Index ETF | FREL            |

## 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 MSCI Real Estate Index ETF

- **b. EDGAR series identifier (if any):** S000047984

- **c. LEI of Series:** 549300LO1Q5LFQ3OL350

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

- **a. Date of fiscal year-end:** 2023-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1573510967.32

**Total Liabilities:** $143716.75

**Net Assets:** $1573367250.57

**Cash Not Reported:** $99986.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000151119 | 6.16%                | -5.04%               | 10.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1763258.89              | $85715290.29                               |
| Month 2  | $-1728997.95             | $-85365874.16                              |
| Month 3  | $3615564.81              | $143921840.21                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Chicago Board of Trade                 | DJ US REAL ESTATE MAR23                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |       101 | NC      | $303152.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT Inc                | Global Medical REIT Inc                                    | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               |  | US        |     84841 | NS      | $952764.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc          | Independence Realty Trust Inc                              | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |    266358 | NS      | $5015521.14   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc         | Omega Healthcare Investors Inc                             | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |    269060 | NS      | $7921126.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                     | Equity Residential                                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |    409458 | NS      | $26062001.70  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp                     | STORE Capital Corp                                         | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               |  | US        |    289698 | NS      | $9331172.58   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                          | Welltower Inc                                              | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |    524353 | NS      | $39347449.12  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Redfin Corp                            | Redfin Corp                                                | CUSIP: 75737F108<br>LEI: 549300HXWD3JEMZU3O57 | Long             | EC               | CORP              | US        |    128084 | NS      | $958068.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Office REIT Inc                  | Orion Office REIT Inc                                      | CUSIP: 68629Y103<br>LEI: N/A                  | Long             | EC               |  | US        |     72950 | NS      | $703967.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers Inc      | Tanger Factory Outlet Centers Inc                          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |    119961 | NS      | $2292454.71   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                 | Jones Lang LaSalle Inc                                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     55855 | NS      | $10325913.85  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc               | Highwoods Properties Inc                                   | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    126501 | NS      | $3841835.37   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                     | Realty Income Corp                                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |    704739 | NS      | $47802446.37  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                           | Safehold Inc                                               | CUSIP: 78645L100<br>LEI: 549300MHMP6BIE0XV355 | Long             | EC               |  | US        |     32021 | NS      | $1119454.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc             | One Liberty Properties Inc                                 | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               |  | US        |     20353 | NS      | $490710.83    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Corp/The                 | Howard Hughes Corp/The                                     | CUSIP: 44267D107<br>LEI: 549300BVHY25JZC1KI49 | Long             | EC               | CORP              | US        |     45075 | NS      | $3853461.75   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc  | Essential Properties Realty Trust Inc                      | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    150416 | NS      | $3832599.68   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc        | Four Corners Property Trust Inc                            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |     95474 | NS      | $2745832.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                           | WP Carey Inc                                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |    220685 | NS      | $18875188.05  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                | UDR Inc                                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    364262 | NS      | $15513918.58  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                | Cushman & Wakefield PLC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    166936 | NS      | $2408886.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                             | Ventas Inc                                                 | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    458855 | NS      | $23773277.55  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                     | UMH Properties Inc                                         | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               |  | US        |     63295 | NS      | $1134246.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc                     | Forestar Group Inc                                         | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |     28302 | NS      | $421133.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc             | Americold Realty Trust Inc                                 | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |    310265 | NS      | $9745423.65   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                   | Regency Centers Corp                                       | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |    177857 | NS      | $11850611.91  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc     | Easterly Government Properties Inc                         | CUSIP: 27616P103<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               |  | US        |     98668 | NS      | $1602368.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Indus Realty Trust Inc                 | Indus Realty Trust Inc                                     | CUSIP: 45580R103<br>LEI: 549300FS2G2L16L2GO91 | Long             | EC               |  | US        |      5739 | NS      | $367869.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                   | Global Net Lease Inc                                       | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               |  | US        |    118565 | NS      | $1772546.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                       | Saul Centers Inc                                           | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               |  | US        |     16411 | NS      | $702554.91    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                        | Whitestone REIT                                            | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               |  | US        |     53410 | NS      | $555998.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust   | Universal Health Realty Income Trust                       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               |  | US        |     15830 | NS      | $867642.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                              | CubeSmart                                                  | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |    259859 | NS      | $11898943.61  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                    | Sun Communities Inc                                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |    140495 | NS      | $22038045.70  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                            | Centerspace                                                | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |     17584 | NS      | $1189030.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                  | Farmland Partners Inc                                      | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               |  | US        |     53379 | NS      | $687521.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                      | RLJ Lodging Trust                                          | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               |  | US        |    191185 | NS      | $2403195.45   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc                  | Boston Properties Inc                                      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |    171086 | NS      | $12752750.44  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                           | Prologis Inc                                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |   1059041 | NS      | $136912820.48 | 8.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc               | Phillips Edison & Co Inc                                   | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               |  | US        |    130306 | NS      | $4367857.12   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                         | Tejon Ranch Co                                             | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |     24240 | NS      | $485284.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                  | American Homes 4 Rent                                      | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    358264 | NS      | $12284872.56  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                         | CBRE Group Inc                                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    373957 | NS      | $31977063.07  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc      | Gaming and Leisure Properties Inc                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |    293468 | NS      | $15718146.08  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc            | Kennedy-Wilson Holdings Inc                                | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    141876 | NS      | $2536742.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co             | DiamondRock Hospitality Co                                 | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               |  | US        |    246230 | NS      | $2371194.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                    | Acadia Realty Trust                                        | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               |  | US        |    108227 | NS      | $1680765.31   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc          | Empire State Realty Trust Inc                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               |  | US        |    166737 | NS      | $1390586.58   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                           | Rayonier Inc                                               | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |    167746 | NS      | $6104276.94   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                    | Terreno Realty Corp                                        | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |     87952 | NS      | $5666747.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| iStar Inc                              | iStar Inc                                                  | CUSIP: 45031U101<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               |  | US        |     99608 | NS      | $924362.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp             | InvenTrust Properties Corp                                 | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               |  | US        |     76486 | NS      | $1902206.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                | Physicians Realty Trust                                    | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               |  | US        |    253775 | NS      | $4024871.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc             | Xenia Hotels & Resorts Inc                                 | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               |  | US        |    131621 | NS      | $1961152.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Necessity Retail REIT Inc/The          | Necessity Retail REIT Inc/The                              | CUSIP: 02607T109<br>LEI: 549300GN4H0K3IUS8983 | Long             | EC               |  | US        |    152885 | NS      | $1044204.55   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                    | American Tower Corp                                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |    530798 | NS      | $118574965.22 | 7.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                | Kite Realty Group Trust                                    | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |    254595 | NS      | $5524711.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust        | Federal Realty Investment Trust                            | CUSIP: 313745101<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EC               |  | US        |     81580 | NS      | $9098617.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc    | Alexandria Real Estate Equities Inc                        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |    178993 | NS      | $28771334.82  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                | Brandywine Realty Trust                                    | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               |  | US        |    205640 | NS      | $1348998.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc       | Ryman Hospitality Properties Inc                           | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |     61994 | NS      | $5758622.66   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                 | Marcus & Millichap Inc                                     | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     30503 | NS      | $1105428.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                   | JBG SMITH Properties                                       | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               |  | US        |    127214 | NS      | $2562089.96   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc              | American Assets Trust Inc                                  | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               |  | US        |     59177 | NS      | $1684177.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp              | Gladstone Commercial Corp                                  | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               |  | US        |     43617 | NS      | $741052.83    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                   | Lamar Advertising Co                                       | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |    100456 | NS      | $10702582.24  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                       | Crown Castle Inc                                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    483758 | NS      | $71649397.38  | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc             | Brixmor Property Group Inc                                 | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |    342690 | NS      | $8063495.70   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                     | LTC Properties Inc                                         | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               |  | US        |     45154 | NS      | $1722625.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporate Office Properties Trust      | Corporate Office Properties Trust                          | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |    128615 | NS      | $3610223.05   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties Inc        | CBL & Associates Properties Inc                            | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               |  | US        |     16614 | NS      | $442763.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                         | Public Storage                                             | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |    181780 | NS      | $55322925.20  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The                      | RMR Group Inc/The                                          | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |     17192 | NS      | $533295.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc              | Host Hotels & Resorts Inc                                  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |    819545 | NS      | $15448423.25  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc           | Sunstone Hotel Investors Inc                               | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               |  | US        |    246215 | NS      | $2705902.85   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc           | Plymouth Industrial REIT Inc                               | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               |  | US        |     50612 | NS      | $1132696.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                         | EPR Properties                                             | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     87011 | NS      | $3696227.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc               | Broadstone Net Lease Inc                                   | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |    194527 | NS      | $3522883.97   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                     | Douglas Emmett Inc                                         | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               |  | US        |    205933 | NS      | $3449377.75   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                       | Elme Communities                                           | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               |  | US        |    100026 | NS      | $1920499.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                       | Life Storage Inc                                           | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |     98197 | NS      | $10609203.88  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Urstadt Biddle Properties Inc          | Urstadt Biddle Properties Inc                              | CUSIP: 917286205<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EC               |  | US        |     34601 | NS      | $649806.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc             | Sabra Health Care REIT Inc                                 | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    263995 | NS      | $3563932.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                      | Kimco Realty Corp                                          | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |    710052 | NS      | $15947767.92  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                | Pebblebrook Hotel Trust                                    | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               |  | US        |    160053 | NS      | $2624869.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                | Alexander & Baldwin Inc                                    | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               |  | US        |     85355 | NS      | $1708807.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc         | Community Healthcare Trust Inc                             | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               |  | US        |     29684 | NS      | $1272849.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc      | First Industrial Realty Trust Inc                          | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    151308 | NS      | $8072281.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc          | National Health Investors Inc                              | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               |  | US        |     52453 | NS      | $3085809.99   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc          | Hudson Pacific Properties Inc                              | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    170955 | NS      | $1947177.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc               | Essex Property Trust Inc                                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     74453 | NS      | $16831589.71  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Opendoor Technologies Inc              | Opendoor Technologies Inc                                  | CUSIP: 683712103<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | EC               | CORP              | US        |    550710 | NS      | $1206054.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Realty Capital Inc              | Spirit Realty Capital Inc                                  | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               |  | US        |    153282 | NS      | $6726014.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                  | Camden Property Trust                                      | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |    116370 | NS      | $14337947.70  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Inc               | Anywhere Real Estate Inc                                   | CUSIP: 75605Y106<br>LEI: 5493004HBTOTE9DI9P12 | Long             | EC               | CORP              | US        |    138209 | NS      | $1172012.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                        | Alexander's Inc                                            | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               |  | US        |      2634 | NS      | $624995.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                      | Iron Mountain Inc                                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |    332811 | NS      | $18164824.38  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                   | Vornado Realty Trust                                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |    188467 | NS      | $4596710.13   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Inc                            | Compass Inc                                                | CUSIP: 20464U100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    301864 | NS      | $1213493.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties             | Seritage Growth Properties                                 | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               |  | US        |     40869 | NS      | $496558.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Holdings Inc                       | FRP Holdings Inc                                           | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7016 | NS      | $394088.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                        | Macerich Co/The                                            | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               |  | US        |    246116 | NS      | $3381633.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                | SBA Communications Corp                                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |    123974 | NS      | $36885984.22  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc            | Summit Hotel Properties Inc                                | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               |  | US        |    131748 | NS      | $1122492.96   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                      | Newmark Group Inc                                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    192315 | NS      | $1648139.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co | Apartment Investment and Management Co                     | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               |  | US        |    174689 | NS      | $1311914.39   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                      | SITE Centers Corp                                          | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |    220172 | NS      | $3005347.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust Inc       | Piedmont Office Realty Trust Inc                           | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               |  | US        |    140099 | NS      | $1485049.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman Inc                    | Douglas Elliman Inc                                        | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |     94683 | NS      | $441222.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc              | AvalonBay Communities Inc                                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |    159604 | NS      | $28320133.76  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                      | Getty Realty Corp                                          | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               |  | US        |     45807 | NS      | $1668749.01   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc                 | eXp World Holdings Inc                                     | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |     91655 | NS      | $1428901.45   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                    | PotlatchDeltic Corp                                        | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               |  | US        |     94115 | NS      | $4606929.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                  | Urban Edge Properties                                      | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               |  | US        |    133405 | NS      | $2101128.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RPT Realty                             | RPT Realty                                                 | CUSIP: 74971D101<br>LEI: 549300T03GDH1L37S188 | Long             | EC               |  | US        |     98600 | NS      | $1033328.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc             | Apple Hospitality REIT Inc                                 | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |    247366 | NS      | $4385799.18   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                     | Outfront Media Inc                                         | CUSIP: 69007J106<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |    169157 | NS      | $3366224.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Properties Trust  | Industrial Logistics Properties Trust                      | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               |  | US        |     83792 | NS      | $369522.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust      | National Storage Affiliates Trust                          | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               |  | US        |    104470 | NS      | $4262376.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RE/MAX Holdings Inc                    | RE/MAX Holdings Inc                                        | CUSIP: 75524W108<br>LEI: 54930033W2KS56JHAN30 | Long             | EC               | CORP              | US        |     22612 | NS      | $515779.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                     | Kilroy Realty Corp                                         | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    120849 | NS      | $4959642.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group Inc                    | Paramount Group Inc                                        | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               |  | US        |    200507 | NS      | $1293270.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                    | VICI Properties Inc                                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |   1112181 | NS      | $38014346.58  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                         | NETSTREIT Corp                                             | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |     64546 | NS      | $1299310.98   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group Inc                                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    377045 | NS      | $48435200.70  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                          | St Joe Co/The                                              | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     37693 | NS      | $1775340.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WeWork Inc                             | WeWork Inc                                                 | CUSIP: 96209A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    268517 | NS      | $426942.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Properties Trust               | Service Properties Trust                                   | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               |  | US        |    193336 | NS      | $1722623.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                  | Chatham Lodging Trust                                      | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               |  | US        |     52634 | NS      | $747929.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                   | LXP Industrial Trust                                       | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |    332624 | NS      | $3841807.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors           | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |   2420000 | NS      | $2420000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Office Properties Income Trust         | Office Properties Income Trust                             | CUSIP: 67623C109<br>LEI: N/A                  | Long             | EC               |  | US        |     55466 | NS      | $951796.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                      | Agree Realty Corp                                          | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |     87455 | NS      | $6526766.65   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties Inc         | National Retail Properties Inc                             | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |    201264 | NS      | $9529850.40   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc          | Armada Hoffler Properties Inc                              | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |     77456 | NS      | $982142.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc         | NexPoint Residential Trust Inc                             | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               |  | US        |     27188 | NS      | $1372994.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc               | EastGroup Properties Inc                                   | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     48255 | NS      | $8118903.75   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp             | Apartment Income REIT Corp                                 | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               |  | US        |    180345 | NS      | $6899999.70   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc           | Medical Properties Trust Inc                               | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               |  | US        |    689773 | NS      | $8932560.35   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc  | Mid-America Apartment Communities Inc                      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |    132061 | NS      | $22017209.92  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc               | Digital Realty Trust Inc                                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |    328205 | NS      | $37618857.10  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                  | Veris Residential Inc                                      | CUSIP: 554489104<br>LEI: N/A                  | Long             | EC               |  | US        |     88528 | NS      | $1531534.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                    | STAG Industrial Inc                                        | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |    206250 | NS      | $7342500.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                        | Uniti Group Inc                                            | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               |  | US        |    292957 | NS      | $1930586.63   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                        | Weyerhaeuser Co                                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    855356 | NS      | $29449907.08  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                | Extra Space Storage Inc                                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |    154401 | NS      | $24369109.83  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc          | Rexford Industrial Realty Inc                              | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |    191790 | NS      | $12172911.30  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Opportunity Investments Corp    | Retail Opportunity Investments Corp                        | CUSIP: 76131N101<br>LEI: N/A                  | Long             | EC               |  | US        |    142098 | NS      | $2249411.34   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                   | SL Green Realty Corp                                       | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |     75142 | NS      | $3092093.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Land Corp                    | Gladstone Land Corp                                        | CUSIP: 376549101<br>LEI: 54930002B3Q17H38FG74 | Long             | EC               |  | US        |     40122 | NS      | $783983.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc            | Healthcare Realty Trust Inc                                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    436195 | NS      | $9391278.35   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                   | City Office REIT Inc                                       | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               |  | US        |     54279 | NS      | $534105.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                            | Equinix Inc                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |    104353 | NS      | $77026079.89  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc              | Healthpeak Properties Inc                                  | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |    618832 | NS      | $17005503.36  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                 | Cousins Properties Inc                                     | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |    173607 | NS      | $4760303.94   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc        | Equity LifeStyle Properties Inc                            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |    201961 | NS      | $14496760.58  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                       | Zillow Group Inc                                           | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |    188685 | NS      | $8341763.85   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                     | CareTrust REIT Inc                                         | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    111967 | NS      | $2319956.24   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                | DigitalBridge Group Inc                                    | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |    185882 | NS      | $2751053.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc              | Park Hotels & Resorts Inc                                  | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               |  | US        |    271658 | NS      | $3996089.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                   | Invitation Homes Inc                                       | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    700246 | NS      | $22757995.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                    | Equity Commonwealth                                        | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               |  | US        |    128910 | NS      | $3289783.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** FIDELITY COVINGTON TRUST

**Signature:** Stacie M Smith

**Name of Signer:** Stacie M Smith

**Title:** President and Treasurer