# EDGAR Filing Document

**Accession Number:** 0000927384
**File Stem:** 0001752724-25-198680
**Filing Date:** 2025-8
**Character Count:** 42124
**Document Hash:** ed20a83059dbe160a6c02443d8e4f5c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-198680.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-198680

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS FUND III
- **CENTRAL INDEX KEY:** 0000927384

**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:** 811-07205
- **FILM NUMBER:** 251243519

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS III
- **DATE OF NAME CHANGE:** 19970106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ADVISOR ANNUITY FUND
- **DATE OF NAME CHANGE:** 19940722

## Series and Classes Contracts Data

### Value Strategies Portfolio (Series ID: S000007735)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021046 | Initial Class   |  |
| C000021047 | Service Class   |  |
| C000021048 | Service Class 2 |  |
| C000021049 | Investor Class  |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Variable Insurance Products Fund III

- **b. Investment Company Act file number:** 811-07205

- **c. CIK number of Registrant:** 0000927384

- **d. LEI of Registrant:** C88PZA3GJP7OWPNW6V03

- **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:** VIP Value Strategies Portfolio

- **b. EDGAR series identifier (if any):** S000007735

- **c. LEI of Series:** 518QRX46BNFPZQYG2M48

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $939683497.62

**Total Liabilities:** $61857626.33

**Net Assets:** $877825871.29

**Cash Not Reported:** $1006141.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021046 | -4.35%               | 4.69%                | 5.41%                |
| Class ID C000021048 | -4.43%               | 4.63%                | 5.41%                |
| Class ID C000021049 | -4.40%               | 4.75%                | 5.40%                |
| Class ID C000021047 | -4.37%               | 4.64%                | 5.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-21760372.02            | $-16618984.51                              |
| Month 2  | $-4421227.62             | $40735835.64                               |
| Month 3  | $10481175.21             | $33914928.44                               |

### Schedule of Portfolio Investments

| Name                             | Title                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOMNIGROUP INTERNATIONAL INC     | SOMNIGROUP INTERNATIONAL INC                  | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     98200 | NS      | $6682510.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GILDAN ACTIVEWEAR INC            | GILDAN ACTIVEWEAR INC                         | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |    184000 | NS      | $9066568.75   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                         | AES CORP                                      | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    801800 | NS      | $8434936.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HLDGS INC                | ONEMAIN HOLDINGS INC                          | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    178500 | NS      | $10174500.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS 66                      | PHILLIPS 66                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     90000 | NS      | $10737000.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HOLDINGS INC               | IQVIA HOLDINGS INC                            | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     50419 | NS      | $7945530.21   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROW ELECTRONICS INC            | ARROW ELECTRONICS INC                         | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     76300 | NS      | $9722909.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO           | INTERNATIONAL PAPER CO                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    130000 | NS      | $6087900.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP INC                          | BRP INC                                       | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |    120600 | NS      | $5853982.01   | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| TEREX CORP                       | TEREX CORP                                    | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    130500 | NS      | $6093045.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC         | CONSTELLATION BRANDS INC CL A                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     48100 | NS      | $7824908.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORP                     | OSHKOSH CORP                                  | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     78400 | NS      | $8901536.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                    | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     54600 | NS      | $8393658.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC/NC | FIRST CITIZENS BANCSHARES INC CL A            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      6800 | NS      | $13303996.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TIMKEN CO                        | TIMKEN CO                                     | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     59000 | NS      | $4280450.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                | EVERSOURCE ENERGY                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    137400 | NS      | $8741388.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS INC               | ALBERTSONS COS INC CL A                       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    164995 | NS      | $3549042.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC           | JONES LANG LASALLE INC                        | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     23309 | NS      | $5961976.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC              | SUN COMMUNITIES INC - REIT                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     76100 | NS      | $9625889.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP                         | PVH CORP                                      | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     82900 | NS      | $5686940.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| ON SEMICONDUCTOR CORP            | ON SEMICONDUCTOR CORP                         | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    199000 | NS      | $10429590.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLIUM SE                   | CONSTELLIUM SE                                | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |    573300 | NS      | $7624890.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC    | APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     62500 | NS      | $8866875.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRICK INDUSTRIES INC           | PATRICK INDUSTRIES INC                        | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     78576 | NS      | $7250207.52   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| MILLERKNOLL INC                  | MILLERKNOLL INC                               | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    229800 | NS      | $4462716.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                       | VENTAS INC REIT                               | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    173800 | NS      | $10975470.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DARLING INGREDIENTS INC          | DARLING INGREDIENTS INC                       | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    253863 | NS      | $9631562.22   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD       | FIRST QUANTUM MINERALS LTD                    | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    477300 | NS      | $8478712.69   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD              | SIGNET JEWELERS LTD                           | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | BM        |    101883 | NS      | $8104792.65   | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| BRINKS CO                        | BRINKS CO                                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     74600 | NS      | $6661034.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP               | REGAL REXNORD CORP                            | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     63700 | NS      | $9233952.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I GLASS INC                    | O-I GLASS INC                                 | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    419400 | NS      | $6181956.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX INC                          | WEX INC                                       | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     63500 | NS      | $9327515.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                           | SEMPRA                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    149300 | NS      | $11312461.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP             | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    156500 | NS      | $10014435.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MR COOPER GROUP INC              | MR COOPER GROUP INC                           | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     57400 | NS      | $8564654.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL INC.     | RAYMOND JAMES FINANCIAL INC.                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     56800 | NS      | $8711416.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORP PLC        | GATES INDUSTRIAL CORP PLC                     | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    400200 | NS      | $9216606.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HASBRO INC                       | HASBRO INC                                    | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |    108200 | NS      | $7987324.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON GRAND VACATIONS INC       | HILTON GRAND VACATIONS INC                    | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |    217600 | NS      | $9036928.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERICOLD REALTY TRUST           | AMERICOLD REALTY TRUST                        | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               | CORP              | US        |    144503 | NS      | $2403084.89   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                  | BUNGE GLOBAL SA                               | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |    104800 | NS      | $8413344.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP CO        | PERFORMANCE FOOD GROUP CO                     | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     50400 | NS      | $4408488.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI INTERNATIONAL INC            | TFI INTERNATIONAL INC                         | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     52600 | NS      | $4721736.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| POPULAR INC                      | POPULAR INC                                   | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     78800 | NS      | $8684548.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| U-HAUL HOLDING CO                | U-HAUL HOLDING CO                             | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    139530 | NS      | $7586246.10   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORP                    | WESTLAKE CORP                                 | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     66400 | NS      | $5041752.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC | REINSURANCE GROUP OF AMERICA                  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     46005 | NS      | $9125551.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                    | PG and E CORP                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    812100 | NS      | $11320674.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR VOYIX CORP                   | NCR VOYIX CORP                                | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    591700 | NS      | $6940641.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| METHANEX CORP                    | METHANEX CORP                                 | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |    200300 | NS      | $6629930.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                         | SLM CORP                                      | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    279081 | NS      | $9151065.99   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR INC                          | KBR INC                                       | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    100900 | NS      | $4837146.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS INC            | LANTHEUS HLDGS INC                            | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     93056 | NS      | $7617564.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| KEURIG DR PEPPER INC             | KEURIG DR PEPPER INC                          | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    195900 | NS      | $6476454.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN INC                         | ASGN INC                                      | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     43559 | NS      | $2174900.87   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HOLDINGS NV          | EXPRO GROUP HOLDINGS NV                       | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | NL        |    868920 | NS      | $7464022.80   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| FIRST ADVANTAGE CORP             | FIRST ADVANTAGE CORP                          | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |    525900 | NS      | $8735199.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| NEXSTAR MEDIA GROUP INC          | NEXSTAR MEDIA GROUP INC                       | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     50400 | NS      | $8716680.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM INC                 | RYDER SYSTEM INC                              | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     43500 | NS      | $6916500.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                | CNH INDUSTRIAL NV                             | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | NL        |    676500 | NS      | $8767440.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLNEX TELECOM SAU              | CELLNEX TELECOM SAU                           | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    163000 | NS      | $6346932.73   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES INC        | ZOOMINFO TECHNOLOGIES INC                     | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    707400 | NS      | $7158888.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL INC          | WESCO INTERNATIONAL INC                       | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     42600 | NS      | $7889520.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAPTHEALTH CORP                 | ADAPTHEALTH CORP                              | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    626951 | NS      | $5912147.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP INC      | PENSKE AUTOMOTIVE GROUP INC                   | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     34700 | NS      | $5961807.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| OLIN CORP                        | OLIN CORP                                     | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    179701 | NS      | $3610193.09   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UPBOUND GROUP INC                | UPBOUND GROUP INC                             | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    351000 | NS      | $8810100.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO LOGISTICS INC                | GXO LOGISTICS INC                             | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |    197634 | NS      | $9624775.80   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC       | LPL FINL HLDGS INC                            | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     17900 | NS      | $6711963.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| QUIDELORTHO CORP                 | QUIDELORTHO CORP                              | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     60975 | NS      | $1757299.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORP NEW                   | FLUOR CORP                                    | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    108800 | NS      | $5578176.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC  | PENNYMAC FINANCIAL SERVICES INC               | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     59300 | NS      | $5908652.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust     | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  14360443 | NS      | $14363315.26  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH and BODY WORKS INC          | BATH and BODY WORKS INC                       | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    214400 | NS      | $6423424.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                         | ICON PLC                                      | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |     40200 | NS      | $5847090.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC            | MOLINA HEALTHCARE INC                         | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     46900 | NS      | $13971510.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDISK CORP                     | SANDISK CORPORATION                           | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96500 | NS      | $4376275.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WEATHERFORD INTERNATIONAL PLC    | WEATHERFORD INTERNATIONAL PLC                 | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |     22317 | NS      | $1122768.27   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                    | TOPBUILD CORP                                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     24300 | NS      | $7866882.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                 | IMPERIAL OIL LTD                              | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |    172000 | NS      | $13664005.87  | 1.56%             |  |  |  | No            |                  1 | On Loan: —       |
| DOLLAR TREE INC                  | DOLLAR TREE INC                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     63514 | NS      | $6290426.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET INC                        | AVNET INC                                     | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     26898 | NS      | $1427745.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURI HOLDINGS INC             | CENTURI HOLDINGS INC                          | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244600 | NS      | $5488824.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| LITHIA MOTORS INC                | LITHIA MOTORS INC CL A                        | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     26000 | NS      | $8783320.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP        | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27333 | NS      | $8821999.08   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GALP ENERGIA SGPS SA             | GALP ENERGIA SGPS SA                          | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |    477200 | NS      | $8735550.18   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SMURFIT WESTROCK PLC             | SMURFIT WESTROCK PLC                          | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |    273800 | NS      | $11814470.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES INC       | CORE NATURAL RESOURCES INC                    | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |    118947 | NS      | $8295363.78   | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| ACADIA HEALTHCARE CO INC         | ACADIA HEALTHCARE CO INC                      | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    358765 | NS      | $8140377.85   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FINL CORP            | FIRST AMERICAN FINANCIAL CORP                 | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     89366 | NS      | $5486178.74   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC         | BUILDERS FIRSTSOURCE                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     68700 | NS      | $8016603.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                | HERC HOLDINGS INC                             | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     66900 | NS      | $8810061.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| TRAVELERS COS INC                | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     32400 | NS      | $8668296.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDGS INC   | ALLISON TRANSMISSION HLDGS INC                | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     97400 | NS      | $9252026.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC              | GLOBAL PAYMENTS INC                           | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    116600 | NS      | $9332664.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                       | FEDEX CORP                                    | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     28600 | NS      | $6501066.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL             | EDISON INTL                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     22817 | NS      | $1177357.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                  | CVS HEALTH CORP                               | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    194700 | NS      | $13430406.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RES CORP                   | TARGA RESOURCES CORP                          | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     46100 | NS      | $8025088.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust     | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  59134001 | NS      | $59139914.08  | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLSCOT HOLDINGS CORP           | WILLSCOT HOLDINGS CORP                        | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    235600 | NS      | $6455440.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                     | ASSURANT INC                                  | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     43900 | NS      | $8669811.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                          | XPO INC                                       | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     51500 | NS      | $6503935.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTIS CORP                      | VESTIS                                        | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    603900 | NS      | $3460347.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC                  | FIRST SOLAR INC                               | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     62100 | NS      | $10280034.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC            | REXFORD INDUSTRIAL REALTY INC                 | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    273400 | NS      | $9724838.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP INC            | EAST WEST BANCORP INC                         | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119262 | NS      | $12043076.76  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMO BRANDS CORP                | PRIMO BRANDS CORP A                           | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |    295700 | NS      | $8758634.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS INC                          | GMS INC                                       | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |     42910 | NS      | $4666462.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR ATLEOS CORP                  | NCR ATLEOS CORP                               | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |    284705 | NS      | $8122633.65   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINL INC              | AMERIPRISE FINANCIAL INC                      | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     18100 | NS      | $9660513.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PLC         | JAZZ PHARMA PLC                               | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |     17116 | NS      | $1816349.92   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                     | PROLOGIS INC REIT                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     82247 | NS      | $8645804.64   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC              | CHENIERE ENERGY INC                           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      9800 | NS      | $2386496.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DRIVEN BRANDS HOLDINGS INC       | DRIVEN BRANDS HOLDINGS INC                    | CUSIP: 26210V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    369900 | NS      | $6495444.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer