# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-004131
**Filing Date:** 2026-6
**Character Count:** 67539
**Document Hash:** 765c413768ccfce75ce7f1ddad592c65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-004131.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000035402-26-004131

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 261127151

**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 Quality Factor ETF (Series ID: S000054753)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000171934 | Fidelity Quality Factor ETF | FQAL            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Quality Factor ETF**

**April 30, 2026**

T22-NPRT3-0626

1.9880058.109 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 94.2%** | &nbsp;&nbsp;**Common Stocks - 94.2%** | &nbsp;&nbsp;**Common Stocks - 94.2%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Anglogold Ashanti Plc  | 25916 | 2429106 |
| UNITED STATES - 94.0%  |  |  |
| Communication Services - 9.8% |  |  |
| Diversified Telecommunication Services - 1.2% |  |  |
| AT&T Inc  | 230947 | 6034645 |
| Comcast Corp Class A  | 143824 | 3889001 |
| Verizon Communications Inc  | 135800 | 6522474 |
|  |  | 16446120 |
| Entertainment - 0.7% |  |  |
| Netflix Inc (b) | 114209 | 10691104 |
| Interactive Media & Services - 7.9% |  |  |
| Alphabet Inc Class A  | 205437 | 79052159 |
| Meta Platforms Inc Class A  | 46384 | 28382833 |
|  |  | 107434992 |
| TOTAL COMMUNICATION SERVICES |  | 134572216 |
| Consumer Discretionary - 9.2% |  |  |
| Hotels, Restaurants & Leisure - 5.6% |  |  |
| Airbnb Inc Class A (b) | 96177 | 13499404 |
| Booking Holdings Inc  | 75658 | 12737781 |
| Domino's Pizza Inc  | 28687 | 9736942 |
| Hilton Worldwide Holdings Inc  | 39994 | 12960856 |
| McDonald's Corp  | 49336 | 14484556 |
| Yum! Brands Inc  | 77076 | 12305183 |
|  |  | 75724722 |
| Specialty Retail - 3.6% |  |  |
| AutoZone Inc (b) | 3228 | 11956609 |
| Home Depot Inc/The  | 46625 | 15330300 |
| O'Reilly Automotive Inc (b) | 129485 | 12870809 |
| Williams-Sonoma Inc  | 51550 | 9341375 |
|  |  | 49499093 |
| TOTAL CONSUMER DISCRETIONARY |  | 125223815 |
| Consumer Staples - 4.5% |  |  |
| Beverages - 1.1% |  |  |
| Coca-Cola Co/The  | 128981 | 10158544 |
| Monster Beverage Corp (b) | 60684 | 4676915 |
|  |  | 14835459 |
| Consumer Staples Distribution & Retail - 0.3% |  |  |
| Maplebear Inc (b) | 106412 | 4506548 |
| Food Products - 0.3% |  |  |
| Hershey Co/The  | 21514 | 3996010 |
| Household Products - 1.7% |  |  |
| Clorox Co/The  | 33391 | 3220228 |
| Colgate-Palmolive Co  | 61282 | 5231032 |
| Kimberly-Clark Corp  | 41458 | 4080711 |
| Procter & Gamble Co/The  | 68968 | 10144504 |
|  |  | 22676475 |
| Tobacco - 1.1% |  |  |
| Altria Group Inc  | 94168 | 6841305 |
| Philip Morris International Inc  | 51586 | 8515301 |
|  |  | 15356606 |
| TOTAL CONSUMER STAPLES |  | 61371098 |
| Energy - 3.5% |  |  |
| Oil, Gas & Consumable Fuels - 3.5% |  |  |
| Antero Midstream Corp  | 141648 | 3096425 |
| APA Corp  | 86291 | 3514632 |
| Cheniere Energy Inc  | 15276 | 4200136 |
| Chevron Corp  | 50222 | 9708416 |
| ConocoPhillips  | 42777 | 5380491 |
| EOG Resources Inc  | 28913 | 4064300 |
| Exxon Mobil Corp (c) | 97864 | 15103352 |
| Texas Pacific Land Corp  | 7654 | 3395850 |
| TOTAL ENERGY |  | 48463602 |
| Financials - 11.6% |  |  |
| Banks - 4.5% |  |  |
| Axos Financial Inc (b) | 73728 | 7110328 |
| Commerce Bancshares Inc/MO  | 139691 | 7268123 |
| Cullen/Frost Bankers Inc  | 54093 | 7839698 |
| East West Bancorp Inc  | 63451 | 8024648 |
| JPMorgan Chase & Co  | 75690 | 23708379 |
| PNC Financial Services Group Inc/The  | 36543 | 8149089 |
|  |  | 62100265 |
| Capital Markets - 3.1% |  |  |
| Ameriprise Financial Inc  | 14664 | 6962320 |
| CME Group Inc Class A  | 31427 | 9045319 |
| Moody's Corp  | 18833 | 8698021 |
| MSCI Inc  | 14548 | 8603833 |
| S&P Global Inc  | 21250 | 9163638 |
|  |  | 42473131 |
| Consumer Finance - 0.7% |  |  |
| American Express Co  | 28574 | 9230831 |
| Financial Services - 2.4% |  |  |
| Mastercard Inc Class A  | 29660 | 14916607 |
| Visa Inc Class A  | 55009 | 18144169 |
|  |  | 33060776 |
| Insurance - 0.9% |  |  |
| Erie Indemnity Co Class A  | 26339 | 5766397 |
| Kinsale Capital Group Inc  | 18297 | 5921092 |
|  |  | 11687489 |
| TOTAL FINANCIALS |  | 158552492 |
| Health Care - 8.4% |  |  |
| Biotechnology - 2.3% |  |  |
| AbbVie Inc  | 62862 | 13283998 |
| Amgen Inc  | 27230 | 9428388 |
| Gilead Sciences Inc  | 65547 | 8576169 |
|  |  | 31288555 |
| Health Care Equipment & Supplies - 0.4% |  |  |
| IDEXX Laboratories Inc (b) | 10822 | 6068977 |
| Life Sciences Tools & Services - 1.1% |  |  |
| Mettler-Toledo International Inc (b) | 4806 | 6135387 |
| Thermo Fisher Scientific Inc  | 17237 | 8255834 |
|  |  | 14391221 |
| Pharmaceuticals - 4.6% |  |  |
| Bristol-Myers Squibb Co  | 143371 | 8686849 |
| Eli Lilly & Co  | 20958 | 19587347 |
| Johnson & Johnson  | 74632 | 17154165 |
| Merck & Co Inc  | 99412 | 10853802 |
| Zoetis Inc Class A  | 55672 | 6400610 |
|  |  | 62682773 |
| TOTAL HEALTH CARE |  | 114431526 |
| Industrials - 9.4% |  |  |
| Aerospace & Defense - 1.6% |  |  |
| GE Aerospace  | 35350 | 10249026 |
| Lockheed Martin Corp  | 11794 | 6108938 |
| TransDigm Group Inc  | 4912 | 5697821 |
|  |  | 22055785 |
| Air Freight & Logistics - 0.4% |  |  |
| Expeditors International of Washington Inc  | 32529 | 4810714 |
| Building Products - 0.6% |  |  |
| Trane Technologies PLC  | 15504 | 7636340 |
| Commercial Services & Supplies - 0.8% |  |  |
| Cintas Corp  | 35658 | 6229809 |
| Copart Inc (b) | 140121 | 4639406 |
|  |  | 10869215 |
| Construction & Engineering - 0.7% |  |  |
| Comfort Systems USA Inc  | 4872 | 8965698 |
| Ground Transportation - 1.0% |  |  |
| Old Dominion Freight Line Inc  | 25683 | 5455840 |
| Union Pacific Corp  | 32188 | 8674022 |
|  |  | 14129862 |
| Machinery - 2.3% |  |  |
| Caterpillar Inc  | 15803 | 14066409 |
| Illinois Tool Works Inc  | 23320 | 6016793 |
| Otis Worldwide Corp  | 61460 | 4786505 |
| Parker-Hannifin Corp  | 7073 | 6432328 |
|  |  | 31302035 |
| Professional Services - 1.2% |  |  |
| Automatic Data Processing Inc  | 28717 | 6086281 |
| Paychex Inc  | 54732 | 5069825 |
| Verisk Analytics Inc  | 29871 | 5510901 |
|  |  | 16667007 |
| Trading Companies & Distributors - 0.8% |  |  |
| Fastenal Co  | 123692 | 5557481 |
| WW Grainger Inc  | 5156 | 5987921 |
|  |  | 11545402 |
| TOTAL INDUSTRIALS |  | 127982058 |
| Information Technology - 31.5% |  |  |
| Communications Equipment - 1.1% |  |  |
| Cisco Systems Inc  | 171954 | 15733791 |
| Semiconductors & Semiconductor Equipment - 15.5% |  |  |
| Applied Materials Inc  | 41336 | 16306639 |
| Broadcom Inc  | 117446 | 49025484 |
| KLA Corp  | 8494 | 14867473 |
| Lam Research Corp  | 60879 | 15698259 |
| NVIDIA Corp  | 512090 | 102197801 |
| QUALCOMM Inc  | 73624 | 13221398 |
|  |  | 211317054 |
| Software - 7.6% |  |  |
| Adobe Inc (b) | 36571 | 9000123 |
| Fair Isaac Corp (b) | 6198 | 6352949 |
| Fortinet Inc (b) | 111663 | 9414308 |
| Microsoft Corp  | 158291 | 64547904 |
| Palantir Technologies Inc Class A (b) | 100479 | 13977634 |
|  |  | 103292918 |
| Technology Hardware, Storage & Peripherals - 7.3% |  |  |
| Apple Inc  | 311381 | 84493234 |
| Seagate Technology Holdings PLC  | 23040 | 15520666 |
|  |  | 100013900 |
| TOTAL INFORMATION TECHNOLOGY |  | 430357663 |
| Materials - 1.9% |  |  |
| Chemicals - 1.3% |  |  |
| CF Industries Holdings Inc  | 20771 | 2579758 |
| Ecolab Inc  | 11441 | 2981525 |
| Linde PLC  | 13093 | 6561426 |
| NewMarket Corp  | 2535 | 1712696 |
| Sherwin-Williams Co/The  | 9224 | 2966531 |
|  |  | 16801936 |
| Construction Materials - 0.1% |  |  |
| Vulcan Materials Co  | 6000 | 1810439 |
| Metals & Mining - 0.5% |  |  |
| Freeport-McMoRan Inc  | 54775 | 3164900 |
| Newmont Corp  | 35680 | 3963691 |
|  |  | 7128591 |
| TOTAL MATERIALS |  | 25740966 |
| Real Estate - 2.0% |  |  |
| Health Care REITs - 0.3% |  |  |
| Welltower Inc  | 20638 | 4485463 |
| Industrial REITs - 0.3% |  |  |
| Prologis Inc  | 29216 | 4149256 |
| Residential REITs - 0.2% |  |  |
| AvalonBay Communities Inc  | 8884 | 1625772 |
| Equity Residential  | 23910 | 1563236 |
|  |  | 3189008 |
| Retail REITs - 0.4% |  |  |
| Realty Income Corp  | 38127 | 2449278 |
| Simon Property Group Inc  | 16238 | 3307843 |
|  |  | 5757121 |
| Specialized REITs - 0.8% |  |  |
| American Tower Corp  | 15883 | 2901983 |
| Crown Castle Inc  | 20765 | 1843517 |
| Public Storage  | 6667 | 2016434 |
| SBA Communications Corp Class A  | 8655 | 1914486 |
| VICI Properties Inc  | 54643 | 1595576 |
|  |  | 10271996 |
| TOTAL REAL ESTATE |  | 27852844 |
| Utilities - 2.2% |  |  |
| Electric Utilities - 1.3% |  |  |
| Constellation Energy Corp  | 13630 | 4266190 |
| NextEra Energy Inc  | 64621 | 6325103 |
| NRG Energy Inc  | 16615 | 2584962 |
| Southern Co/The  | 47994 | 4641020 |
|  |  | 17817275 |
| Gas Utilities - 0.3% |  |  |
| National Fuel Gas Co  | 26741 | 2256406 |
| UGI Corp  | 51846 | 1871122 |
|  |  | 4127528 |
| Independent Power and Renewable Electricity Producers - 0.4% |  |  |
| Talen Energy Corp (b) | 6761 | 2517931 |
| Vistra Corp  | 18889 | 2981440 |
|  |  | 5499371 |
| Multi-Utilities - 0.2% |  |  |
| WEC Energy Group Inc  | 25649 | 3025043 |
| TOTAL UTILITIES |  | 30469217 |
| TOTAL UNITED STATES |  | 1285017497 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $1,021,950,261) |  | <br> **1287446603** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** |
|  | Yield (%) (e) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 5/14/2026 (f)<br>(Cost $309,595)<br>| 3.64 | 310000 | **309599** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 5.3%** | &nbsp;&nbsp;**Money Market Funds - 5.3%** | &nbsp;&nbsp;**Money Market Funds - 5.3%** | &nbsp;&nbsp;**Money Market Funds - 5.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g) | 3.69 | 72883587 | 72898164 |
| Fidelity Securities Lending Cash Central Fund (g)(h) | 3.69 | 252809 | 252834 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $73,150,998) |  |  | **73150998** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.5%**<br> (Cost $1,095,410,854)<br>| <br>**1360907200** |
| **NET OTHER ASSETS (LIABILITIES) - 0.5%** (d)  | **6341671** |
| **NET ASSETS - 100.0%** | **1367248871** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini S&P 500 Index Contracts (United States) | 2200 | 6/2026 | 79681250 | 1706139 |
| The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. | The notional amount of long futures as a percentage of Net Assets is 5.8%. |

---

**Legend**

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

(b) Non-income producing.

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

(d) Includes $5,005,862 of cash collateral to cover margin requirements for futures contracts.

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

(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $309,599.

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

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 1522286 | 157061713 | 85681436 | 567834 | (4399) | - | 72898164 | 72883587 | 0.1% |
| Fidelity Securities Lending Cash Central Fund | 1311050 | 112632610 | 113690860 | 3779 | 34 | - | 252834 | 252809 | 0.0% |
| Total | 2833336 | 269694323 | 199372296 | 571613 | (4365) | - | 73150998 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Quality Factor ETF

- **b. EDGAR series identifier (if any):** S000054753

- **c. LEI of Series:** 549300YOZBUT4838FV71

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1367653391.64

**Total Liabilities:** $411909.66

**Net Assets:** $1367241481.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000171934 | 0.31%                | -5.45%               | 8.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16043862.95             | $-12908244.48                              |
| Month 2  | $-221178.97              | $-64575953.79                              |
| Month 3  | $416527.59               | $97910450.80                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEXAS PACIFIC LAND CORP                    | TEXAS PACIFIC LAND CORP                       | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7654 | NS      | $3395850.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC               | THERMO FISHER SCIENTIFIC INC                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     17237 | NS      | $8255833.52   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER and GAMBLE CO                      | PROCTER and GAMBLE CO                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     68968 | NS      | $10144503.12  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                  | UST BILLS 0% 05/14/2026                       | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    310000 | PA      | $309598.96    | 0.02%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AT and T INC                               | AT and T INC                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    230947 | NS      | $6034645.11   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                  | AMGEN INC                                     | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     27230 | NS      | $9428387.50   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                 | ABBVIE INC                                    | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     62862 | NS      | $13283997.84  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINES INC             | OLD DOMINION FREIGHT LINES INC                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     25683 | NS      | $5455839.69   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                  | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    311381 | NS      | $84493234.35  | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS INC                         | CONOCOPHILLIPS                                | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     42777 | NS      | $5380491.06   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY                           | SOUTHERN CO                                   | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     47994 | NS      | $4641019.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                             | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    158291 | NS      | $64547903.98  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                              | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     20638 | NS      | $4485462.92   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON INC | EXPEDITORS INTL OF WASH INC                   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     32529 | NS      | $4810713.81   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                          | LAM RESEARCH CORP                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     60879 | NS      | $15698258.94  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC                         | S and P GLOBAL INC                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     21250 | NS      | $9163637.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                   | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     55009 | NS      | $18144168.56  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP INC                  | KINSALE CAPITAL GROUP INC                     | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     18297 | NS      | $5921092.17   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                    | BRISTOL-MYERS SQUIBB CO                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    143371 | NS      | $8686848.89   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                                  | ADOBE INC                                     | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     36571 | NS      | $9000123.10   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCE BANCSHARES INC/MO                 | COMMERCE BANCSHARES INC                       | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139691 | NS      | $7268122.73   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                               | AUTOZONE INC                                  | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      3228 | NS      | $11956608.84  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM BRANDS INC                             | YUM BRANDS INC                                | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     77076 | NS      | $12305183.40  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP                        | KIMBERLY CLARK CORP                           | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     41458 | NS      | $4080710.94   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                         | META PLATFORMS INC CL A                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     46384 | NS      | $28382833.44  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                         | NEXTERA ENERGY INC                            | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     64621 | NS      | $6325103.48   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                              | CME GROUP INC CL A                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     31427 | NS      | $9045319.14   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP                        | OTIS WORLDWIDE CORP                           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     61460 | NS      | $4786504.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC                  | PALANTIR TECHNOLOGIES INC                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    100479 | NS      | $13977633.69  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                    | COMFORT SYSTEMS USA INC                       | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      4872 | NS      | $8965698.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| APA CORP                                   | APA CORP                                      | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     86291 | NS      | $3514632.43   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMARKET CORP                             | NEWMARKET CORP                                | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      2535 | NS      | $1712696.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK and CO INC                           | MERCK and CO INC NEW                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     99412 | NS      | $10853802.16  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                             | PUBLIC STORAGE                                | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      6667 | NS      | $2016434.15   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING INC              | AUTOMATIC DATA PROCESSING INC                 | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     28717 | NS      | $6086280.98   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO                        | VULCAN MATERIALS CO                           | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      6000 | NS      | $1810440.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                         | UNION PACIFIC CORP                            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     32188 | NS      | $8674022.24   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                             | HOME DEPOT INC                                | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     46625 | NS      | $15330300.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTENAL CO                                | FASTENAL CO                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    123692 | NS      | $5557481.56   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                             | NRG ENERGY INC                                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     16615 | NS      | $2584961.70   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO                       | COLGATE-PALMOLIVE CO                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     61282 | NS      | $5231031.52   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PPTYS INC                             | VICI PPTYS INC                                | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     54643 | NS      | $1595575.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                         | EQUITY RESIDENTIAL REIT                       | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     23910 | NS      | $1563235.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC                | SP500 MIC EMIN FUTJUN26 HWAM6                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |      2200 | NC      | $1706139.41   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                                | CINTAS CORP                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35658 | NS      | $6229809.18   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                       | THE BOOKING HOLDINGS INC                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     75658 | NS      | $12737780.88  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                                   | UGI CORP NEW                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     51846 | NS      | $1871122.14   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORP                       | PARKER HANNIFIN CORP                          | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      7073 | NS      | $6432327.66   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOS FINANCIAL INC                         | AXOS FINANCIAL INC                            | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     73728 | NS      | $7110328.32   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OREILLY AUTOMOTIVE INC                     | O'REILLY AUTOMOTIVE INC                       | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    129485 | NS      | $12870809.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINOS PIZZA INC                          | DOMINOS PIZZA INC                             | CUSIP: 25754A201<br>LEI: 5299004V0Y8MI5D9FF45 | Long             | EC               | CORP              | US        |     28687 | NS      | $9736941.54   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY and CO                           | ELI LILLY and CO                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     20958 | NS      | $19587346.80  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC                       | VERISK ANALYTICS INC                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     29871 | NS      | $5510900.79   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                               | FORTINET INC                                  | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    111663 | NS      | $9414307.53   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                        | TRANSDIGM GROUP INC                           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4912 | NS      | $5697821.76   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA CO                               | COCA COLA CO                                  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    128981 | NS      | $10158543.56  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                          | TALEN ENERGY CORP                             | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6761 | NS      | $2517931.62   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                       | FREEPORT MCMORAN INC                          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     54775 | NS      | $3164899.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOROX CO                                  | CLOROX CO                                     | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     33391 | NS      | $3220228.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM CORP                      | ANTERO MIDSTREAM CORP                         | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141648 | NS      | $3096425.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHEY CO                                 | HERSHEY CO (THE)                              | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     21514 | NS      | $3996010.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC            | SEAGATE TECHNOLOGY HOLDINGS PLC               | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     23040 | NS      | $15520665.60  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                               | GE AEROSPACE                                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     35350 | NS      | $10249025.50  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                               | BROADCOM INC                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    117446 | NS      | $49025483.78  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                           | CROWN CASTLE INC                              | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     20765 | NS      | $1843516.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                            | CATERPILLAR INC                               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     15803 | NS      | $14066408.33  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS INC                 | CF INDUSTRIES HOLDINGS INC                    | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     20771 | NS      | $2579758.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS CO NJ                    | NATIONAL FUEL GAS CO NJ                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     26741 | NS      | $2256405.58   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                               | QUALCOMM INC                                  | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     73624 | NS      | $13221397.92  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                               | COMCAST CORP CL A                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    143824 | NS      | $3889000.96   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN WILLIAMS CO                        | SHERWIN WILLIAMS CO                           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      9224 | NS      | $2966530.64   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS INC                    | ILLINOIS TOOL WORKS INC                       | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     23320 | NS      | $6016793.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                                 | ZOETIS INC CL A                               | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     55672 | NS      | $6400609.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP NEW                  | MONSTER BEVERAGE CORP                         | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     60684 | NS      | $4676915.88   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CULLEN/FROST BANKERS INC                   | CULLEN FROST BANKERS INC                      | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     54093 | NS      | $7839698.49   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                 | VERIZON COMMUNICATIONS INC                    | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    135800 | NS      | $6522474.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC            | PHILIP MORRIS INTL INC                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     51586 | NS      | $8515301.02   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust               | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  72883587 | NS      | $72898163.81  | 5.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                     | TRANE TECHNOLOGIES PLC                        | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     15504 | NS      | $7636340.16   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP                       | LOCKHEED MARTIN CORP                          | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     11794 | NS      | $6108938.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                         | REALTY INCOME CORP REIT                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     38127 | NS      | $2449278.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                           | EXXON MOBIL CORP                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     97864 | NS      | $15103351.12  | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| ANGLOGOLD ASHANTI PLC                      | ANGLOGOLD ASHANTI PLC                         | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     25916 | NS      | $2429106.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA INC                        | WILLIAMS-SONOMA INC                           | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     51550 | NS      | $9341375.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP                  | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     13630 | NS      | $4266190.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALDS CORP                             | MCDONALDS CORP                                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     49336 | NS      | $14484556.24  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLEBEAR INC                              | MAPLEBEAR INC                                 | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106412 | NS      | $4506548.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART INC                                 | COPART INC                                    | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    140121 | NS      | $4639406.31   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP NEW                           | CHEVRON CORP                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50222 | NS      | $9708414.82   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                                   | KLA CORP                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      8494 | NS      | $14867472.90  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                       | WEC ENERGY GROUP INC                          | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     25649 | NS      | $3025043.06   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES INC                     | IDEXX LABS INC                                | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     10822 | NS      | $6068977.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                                | NETFLIX INC                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    114209 | NS      | $10691104.49  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC                          | EOG RESOURCES INC                             | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     28913 | NS      | $4064300.41   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                                   | MSCI INC                                      | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     14548 | NS      | $8603832.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust               | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    246009 | NS      | $246033.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC                      | APPLIED MATERIALS INC                         | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     41336 | NS      | $16306638.64  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                                 | ECOLAB INC                                    | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     11441 | NS      | $2981524.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORPORATION                     | FAIR ISAAC CORP                               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      6198 | NS      | $6352950.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    512090 | NS      | $102197801.30 | 7.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                      | JPMORGAN CHASE and CO                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     75690 | NS      | $23708378.70  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                             | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     29660 | NS      | $14916607.20  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                                | PAYCHEX INC                                   | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     54732 | NS      | $5069825.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTL INC                    | METTLER-TOLEDO INTL INC                       | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      4806 | NS      | $6135387.66   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                    | SBA COMMUNICATIONS CORP                       | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      8655 | NS      | $1914486.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB INC                                 | AIRBNB INC CLASS A                            | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     96177 | NS      | $13499403.72  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAINGER (W.W.) INC                        | WW GRAINGER INC                               | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      5156 | NS      | $5987920.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                        | GILEAD SCIENCES INC                           | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     65547 | NS      | $8576169.48   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP INC                   | SIMON PPTY GROUP INC - REIT                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     16238 | NS      | $3307842.98   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                           | ALTRIA GROUP INC                              | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     94168 | NS      | $6841305.20   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                        | AMERICAN TOWER CORP                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     15883 | NS      | $2901982.93   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC              | HILTON WORLDWIDE HOLDINGS INC                 | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     39994 | NS      | $12960855.58  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP INC                      | EAST WEST BANCORP INC                         | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |     63451 | NS      | $8024647.97   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON and JOHNSON                        | JOHNSON and JOHNSON                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     74632 | NS      | $17154165.20  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                          | CISCO SYSTEMS INC                             | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |    171954 | NS      | $15733791.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                | VISTRA CORP                                   | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     18889 | NS      | $2981439.76   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                                | MOODYS CORP                                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     18833 | NS      | $8698021.05   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                        | AMERICAN EXPRESS CO                           | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     28574 | NS      | $9230830.70   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINL INC                        | AMERIPRISE FINANCIAL INC                      | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     14664 | NS      | $6962320.56   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                               | PROLOGIS INC REIT                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     29216 | NS      | $4149256.32   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                                  | LINDE PLC                                     | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |     13093 | NS      | $6561426.02   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC                  | AVALONBAY COMMUNITIES INC REIT                | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      8884 | NS      | $1625772.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                               | ALPHABET INC CL A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    205437 | NS      | $79052157.60  | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                        | CHENIERE ENERGY INC                           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     15276 | NS      | $4200136.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORP                               | NEWMONT CORP                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     35680 | NS      | $3963691.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC             | PNC FINANCIAL SERVICES GRP INC                | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     36543 | NS      | $8149089.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ERIE INDEMNITY CO                          | ERIE INDEMNITY CO CL A                        | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |     26339 | NS      | $5766397.27   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer