# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-002902
**Filing Date:** 2025-12
**Character Count:** 66641
**Document Hash:** 1cf0845438033ec0735f49934f235539
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-002902.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000035402-25-002902

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251599801

**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 Fundamental Global ex-U.S. ETF (Series ID: S000087782)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000253744 | Fidelity Fundamental Global ex-U.S. ETF | FFGX            |

## 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 Fundamental Global ex US ETF

- **b. EDGAR series identifier (if any):** S000087782

- **c. LEI of Series:** 254900BII9H2DFPR3729

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $30540719.63

**Total Liabilities:** $14216.74

**Net Assets:** $30526502.89

**Cash Not Reported:** $7185.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253744 | 1.65%                | 3.56%                | 2.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13371.10               | $457270.84                                 |
| Month 2  | $1902.81                 | $993229.29                                 |
| Month 3  | $-26592.13               | $745351.58                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WAL MART DE MEXICO SAB DE CV                              | WAL MART DE MEXICO SAB DE CV V                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     59299 | NS      | $196040.83    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANZ SE                                                | ALLIANZ SE (REGD)                                                                                   | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |        83 | NS      | $33312.28     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                            | BE SEMICOND INDUS NV (NETH)                                                                         | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       153 | NS      | $26030.06     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORP                              | CHINA CONSTRUCTION BANK CORP H                                                                      | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |    211441 | NS      | $209521.30    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD                    | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD A                                                            | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |      2098 | NS      | $114597.95    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HANNOVER RUECK SA                                         | HANNOVER RUECKVERSICHERUNGS SE(REGD)                                                                | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |       932 | NS      | $265774.35    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA                                              | IBERDROLA SA                                                                                        | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |      3989 | NS      | $80762.49     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                           | LONDON STOCK EXCHANGE GRP PLC                                                                       | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |      2725 | NS      | $339582.91    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SA                                            | DINO POLSKA SA                                                                                      | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |      3570 | NS      | $42602.19     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUM OYJ                                                | FORTUM OYJ                                                                                          | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |      1217 | NS      | $27129.67     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                                    | RWE AG                                                                                              | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |      1604 | NS      | $78871.97     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                                | SAMSUNG ELECTRONICS CO LTD                                                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      7960 | NS      | $598701.43    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCALIZA RENT A CAR SA                                    | LOCALIZA RENT A CAR SA                                                                              | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |      8599 | NS      | $63038.61     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGRO.EU                                                | ALLEGRO.EU                                                                                          | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               | CORP              | LU        |      4482 | NS      | $41870.84     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ABU DHABI COMMERCIAL BANK                                 | ABU DHABI COMMERCIAL BANK                                                                           | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |     51125 | NS      | $200716.73    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FOMENTO ECONOMICO MEXICANO SAB DE CV                      | FOMENTO ECONO MEXI(FEMSA) UBD (REPRESENTS 1 FEMSA CL B SHR 2 FEMSA CL DB SHRS AND 2 FEMSACL DL SHS) | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |      2430 | NS      | $22923.37     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                    | AXA SA                                                                                              | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      6350 | NS      | $275426.29    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC GAS PLC                                             | ADNOC GAS PLC                                                                                       | CUSIP: N/A<br>LEI: 254900O5NS03BDOOM362       | Long             | EC               | CORP              | AE        |     76423 | NS      | $72616.36     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ELITE MATERIAL CO LTD                                     | ELITE MATERIAL CO LTD                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       988 | NS      | $43657.16     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSILORLUXOTTICA                                          | ESSILORLUXOTTICA                                                                                    | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |       818 | NS      | $299171.92    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                  | ROLLS-ROYCE HOLDINGS PLC                                                                            | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     26611 | NS      | $407970.02    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSPAN GROUP PLC                                        | KINGSPAN GROUP PLC                                                                                  | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |      2992 | NS      | $223822.50    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                        | BANCO SANTANDER SA                                                                                  | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     31183 | NS      | $317233.67    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ZAI LAB LTD                                               | ZAI LAB LTD                                                                                         | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | KY        |      8441 | NS      | $21834.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                    | SAP SE                                                                                              | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      2145 | NS      | $554937.87    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANTEST CORP                                            | ADVANTEST CORP                                                                                      | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      2765 | NS      | $415081.92    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                                 | ZURICH INSURANCE GROUP AG                                                                           | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       276 | NS      | $191716.68    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                           | MITSUBISHI HEAVY INDS LTD                                                                           | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |     13441 | NS      | $405820.34    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP LTD                                             | CREDICORP LTD                                                                                       | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |       510 | NS      | $133110.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                              | MEDIA TEK INC                                                                                       | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      2674 | NS      | $113813.11    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN | MUNICH REINSURANCE (REG)                                                                            | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       378 | NS      | $233710.39    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO LTD                               | CHINA LIFE INS CO LTD H                                                                             | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     37068 | NS      | $116968.21    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCOR SA                                                  | ACCOR SA                                                                                            | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |      4356 | NS      | $221674.65    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC DRILLING COMPANY PJSC                               | ADNOC DRILLING COMPANY PJSC                                                                         | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |     38299 | NS      | $58184.41     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS INC                                     | DELTA ELECTRONICS IND CO LTD                                                                        | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |      2360 | NS      | $76294.76     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                  | RELX PLC                                                                                            | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |      8945 | NS      | $394482.63    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HOLDING SA                                  | ITAU UNIBANCO HOLDING SA                                                                            | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |     18555 | NS      | $136025.28    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 01/22/2026                                                                             | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19833.00     | 0.06%             | 2026-01-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOYA CORP                                                 | HOYA CORP                                                                                           | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      1471 | NS      | $239439.59    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                              | BRITISH AMERICAN TOB PLC ADR                                                                        | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      1345 | NS      | $68850.55     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPORACION INMOBILIARIA VESTA SAB. DE CV.                | CORPORACION INMO VESTA SAB CV                                                                       | CUSIP: N/A<br>LEI: 4469000001BIRIFZJ959       | Long             | EC               | CORP              | MX        |     11850 | NS      | $35973.84     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KAKAO CORP                                                | KAKAO CORP                                                                                          | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434       | Long             | EC               | CORP              | KR        |       322 | NS      | $14666.47     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTOR TRANSFORMATOR ENERJI T                              | ASTOR TRANSFORMATOR ENERJI T                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |     17147 | NS      | $40039.84     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                                              | CAIXABANK SA                                                                                        | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     41402 | NS      | $437229.10    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIER SMART HOME CO LTD                                   | HAIER SMART HOME CO LTD                                                                             | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |     40476 | NS      | $131472.58    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC GROUPE SA/NV                                          | KBC GROUPE SA                                                                                       | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      2120 | NS      | $254747.18    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| KWEICHOW MOUTAI CO LTD                                    | KWEICHOW MOUTAI CO LTD A                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       144 | NS      | $28932.12     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK SPA                                            | FINECOBANK SPA                                                                                      | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |      1568 | NS      | $35803.71     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTL SCA                                           | HERMES INTERNATIONAL SA                                                                             | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        85 | NS      | $210548.81    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJITSU LTD                                               | FUJITSU LTD                                                                                         | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |      2056 | NS      | $53778.05     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FERRARI NV                                                | FERRARI NV                                                                                          | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |       266 | NS      | $106238.60    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE SA                                                 | DANONE SA                                                                                           | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      1233 | NS      | $108978.95    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                                                | BYD COMPANY LTD H                                                                                   | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |      6584 | NS      | $85238.55     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMES WORKSHOP GROUP PLC                                  | GAMES WORKSHOP GROUP CO PLC                                                                         | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |       429 | NS      | $89777.86     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HEIDELBERG MATERIALS AG                                   | HEIDELBERG MATERIALS AG                                                                             | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1176 | NS      | $275305.38    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WUXI APPTEC CO LTD                                        | WUXI APPTEC CO LTD H                                                                                | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |      5101 | NS      | $71290.78     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                                | CONSTELLATION SOFTWARE INC                                                                          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       176 | NS      | $463177.84    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                           | BAE SYSTEMS PLC                                                                                     | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     15785 | NS      | $387984.68    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMRIZE LTD                                                | AMRIZE LTD                                                                                          | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |      1190 | NS      | $61337.31     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                                        | ITOCHU CORP                                                                                         | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |      3825 | NS      | $221666.83    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                             | HDFC BANK LTD SPON ADR                                                                              | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     14354 | NS      | $519901.88    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKEMYTRIP LIMITED                                        | MAKEMYTRIP LIMITED                                                                                  | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |      1150 | NS      | $92000.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HESAI GROUP                                               | HESAI GROUP ADR                                                                                     | CUSIP: 428050108<br>LEI: 836800KOYHURQT1JZY11 | Long             | EC               | CORP              | KY        |      1439 | NS      | $34147.47     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                          | PDD HOLDINGS INC ADR                                                                                | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      1749 | NS      | $235887.63    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                 | ALIBABA GROUP HOLDING LTD                                                                           | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |     14836 | NS      | $315218.82    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BTG PACTUAL SA                                      | BANCO BTG PACTUAL SA US(1CS)                                                                        | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |      9013 | NS      | $81787.87     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                                  | BANK CENTRAL ASIA                                                                                   | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    626834 | NS      | $321332.52    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AJINOMOTO CO INC                                          | AJINOMOTO CO INC                                                                                    | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |      4976 | NS      | $141198.16    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                                            | AIR LIQUIDE SA                                                                                      | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      2243 | NS      | $434139.35    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GROUP INC                                                                      | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |      6488 | NS      | $175261.46    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LARSEN and TOUBRO LTD                                     | LARSEN and TOUBRO LTD GDR                                                                           | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |      6955 | NS      | $313322.75    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                     | SPOTIFY TECHNOLOGY SA                                                                               | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |       294 | NS      | $192664.08    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LTD                                               | NASPERS LTD N SHS                                                                                   | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |      2065 | NS      | $145312.87    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL                                               | RHEINMETALL AG ORD                                                                                  | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |        96 | NS      | $188278.46    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                        | TRIP.COM GROUP LTD                                                                                  | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |       775 | NS      | $54206.27     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHROMA ATE INC                                            | CHROMA ATE INC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3294 | NS      | $87653.06     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HEXAGON AB                                                | HEXAGON AB SER B                                                                                    | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               | CORP              | SE        |      6523 | NS      | $80024.80     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYCURRENT INC                                            | BAYCURRENT INC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1110 | NS      | $50886.70     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CONVATEC GROUP PLC                                        | CONVATEC GROUP PLC                                                                                  | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |     12731 | NS      | $40841.75     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LTD                                    | ARISTOCRAT LEISURE LTD                                                                              | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      3588 | NS      | $148722.26    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                                 | SHELL PLC                                                                                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      5884 | NS      | $220106.36    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                            | ICICI BANK LTD SPONS ADR                                                                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     13364 | NS      | $404929.20    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                                 | HOLCIM LTD                                                                                          | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      2272 | NS      | $201409.73    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA LIMITED        | PING AN INSURANCE CO LTD H                                                                          | CUSIP: N/A<br>LEI: 300300IP9S6FHQPKRN68       | Long             | EC               | CORP              | CN        |     11059 | NS      | $79912.34     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                           | NINTENDO CO LTD                                                                                     | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      2959 | NS      | $250471.45    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                 | SAFRAN SA                                                                                           | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      1561 | NS      | $554000.36    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PONY AI INC                                               | PONY AI INC ADR                                                                                     | CUSIP: 732908108<br>LEI: 9845006P7613D2A61368 | Long             | EC               | CORP              | KY        |      1712 | NS      | $31980.16     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU AERO ENGINES AG                                       | MTU AERO ENGINES AG                                                                                 | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |       214 | NS      | $93264.83     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE TELEKOM AG                                       | DEUTSCHE TELEKOM AG (REGD)                                                                          | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |      4426 | NS      | $137182.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                              | EXPERIAN PLC                                                                                        | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |      6872 | NS      | $320214.16    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                                         | TENCENT HOLDINGS LTD                                                                                | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     11012 | NS      | $891384.52    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA                                         | SCHNEIDER ELECTRIC SE                                                                               | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1699 | NS      | $481950.52    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN INOVANCE TECHNOLOGY CO LTD                       | SHENZHEN INOVANCE TECHNOLOGY CO LTD A                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      8846 | NS      | $95713.39     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                         | TENCENT MUSIC ENTERTAINMENT ADR                                                                     | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |      2888 | NS      | $64460.16     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTROC BEVERAGE GROUP CO LTD                             | EASTROC BEVERAGE GROUP CO LTD A                                                                     | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |      1200 | NS      | $47208.25     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG                                                                                        | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      7445 | NS      | $284293.07    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD                                  | SAMSUNG BIOLOGICS CO LTD                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        51 | NS      | $43568.70     | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD                           | TAIWAN SEMICONDUCTOR MFG CO LTD                                                                     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     37548 | NS      | $1829943.47   | 5.99%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT SPA                                             | UNICREDIT SPA                                                                                       | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      6120 | NS      | $451681.58    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund                                                                          | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    194117 | NS      | $194155.81    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUATORIAL ENERGIA SA                                     | EQUATORIAL ENERGIA SA                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      8963 | NS      | $61058.92     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                              | GAZTRANSPORT ET TECHNIGA                                                                            | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |       265 | NS      | $52415.61     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTOFAGASTA PLC                                           | ANTOFAGASTA PLC                                                                                     | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |      5097 | NS      | $186816.42    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IBIDEN CO LTD                                             | IBIDEN CO LTD                                                                                       | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |      1115 | NS      | $105740.87    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEGONA COMMUNICATIONS PLC                                 | ZEGONA COMMUNICATIONS PLC                                                                           | CUSIP: N/A<br>LEI: 213800ASI1VZL2ED4S65       | Long             | EC               | CORP              | GB        |      8656 | NS      | $139868.06    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                                          | IMPERIAL OIL LTD                                                                                    | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |      3475 | NS      | $307350.01    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                       | IMPERIAL BRANDS PLC                                                                                 | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |      4037 | NS      | $160428.06    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LUXSHARE PRECISION INDUSTRY CO LTD                        | LUXSHARE PRECISION INDUSTRY CO LTD-A                                                                | CUSIP: N/A<br>LEI: 300300QLLDUELXN16530       | Long             | EC               | CORP              | CN        |     14927 | NS      | $132127.04    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO LTD                                             | CAPCOM CO LTD                                                                                       | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |      3782 | NS      | $98998.04     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PLC                                                 | HALMA PLC                                                                                           | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      2380 | NS      | $110869.45    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM HLDGS CORP                                       | FUJIFILM HOLDINGS CORP                                                                              | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |      7024 | NS      | $163168.65    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| IPERIONX LTD                                              | IPERIONX LTD                                                                                        | CUSIP: N/A<br>LEI: 98450096B1C9E094C832       | Long             | EC               | CORP              | AU        |      6612 | NS      | $29418.37     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRTAC INTERNATIONAL GROUP                                | AIRTAC INTERNATIONAL GROUP                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      2444 | NS      | $72340.11     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                          | MERCADOLIBRE INC                                                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       121 | NS      | $281598.46    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW                     | INTERCONTINENTAL HOTELS GP PLC                                                                      | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |       610 | NS      | $73660.74     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                    | UCB SA                                                                                              | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       578 | NS      | $148236.55    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FULL TRUCK ALLIANCE CO LTD                                | FULL TRUCK ALLIANCE CO LTD ADR                                                                      | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |      6532 | NS      | $84916.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LTD                              | IMPALA PLATINUM HOLDINGS LTD                                                                        | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |      4164 | NS      | $44768.25     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                                               | SHOPIFY INC CL A                                                                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2302 | NS      | $400246.49    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP BANK PLC                                              | OTP BANK (REG)                                                                                      | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      1104 | NS      | $105300.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VONOVIA SE                                                | VONOVIA SE                                                                                          | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      1651 | NS      | $49573.81     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI BANK                                             | AL RAJHI BANKING and INVEST CORP                                                                    | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      6755 | NS      | $190385.70    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                              | 3I GROUP PLC                                                                                        | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      6669 | NS      | $385486.87    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                                     | ANGLOGOLD ASHANTI PLC                                                                               | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      1245 | NS      | $86246.99     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HITACHI LTD                                               | HITACHI LTD                                                                                         | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     18578 | NS      | $641086.26    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA HBC AG                                          | COCA COLA HBC AG                                                                                    | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |       337 | NS      | $15291.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                            | CANADIAN NATL RESOURCES LTD                                                                         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     10209 | NS      | $326603.56    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HANSOH PHARMACEUTICAL GROUP CO LTD                        | HANSOH PHARMACETICAL GROUP                                                                          | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | KY        |     23695 | NS      | $108678.25    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG                                        | DEUTSCHE BOERSE AG                                                                                  | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1264 | NS      | $319800.44    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTOR AB                                               | INVESTOR AB SER B                                                                                   | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |     10789 | NS      | $356084.41    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM INTL NV                                               | ASM INTERNATIONAL NV (NETH)                                                                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |        68 | NS      | $44049.67     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                   | AMERICA MOVIL SAB DE CV SER B                                                                       | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |     34464 | NS      | $39308.46     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIN ETSU CHEM CO LTD                                     | SHIN-ETSU CHEMICAL CO LTD                                                                           | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      5907 | NS      | $178425.05    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSUS NV                                                 | PROSUS NV                                                                                           | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |      2341 | NS      | $161712.33    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                              | SK HYNIX INC                                                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1207 | NS      | $472071.56    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV                        | GRUPO FINANCIERO BANORTE SAB                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      4822 | NS      | $45381.85     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                            | MSCI EAFE FUT DEC25 MFSZ5                                                                           | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |         1 | NC      | $642.98       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA            | RECORDATI SPA                                                                                       | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      1251 | NS      | $74261.21     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                                               | CAMECO CORP                                                                                         | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2973 | NS      | $303839.31    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                                                 | ALCON INC                                                                                           | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |      1374 | NS      | $102100.28    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                   | RELIANCE INDS GDR                                                                                   | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |      4733 | NS      | $313797.90    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                                        | FRANCO-NEVADA CORP                                                                                  | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      1676 | NS      | $313069.22    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                         | COMPASS GROUP PLC                                                                                   | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     10376 | NS      | $343636.28    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC                                                                                   | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |     30880 | NS      | $236911.61    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTRAND LIMITED                                         | FIRSTRAND LIMITED                                                                                   | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     12578 | NS      | $59656.18     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX SAB DE CV                                           | CEMEX SA DE CV CPO                                                                                  | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |    125160 | NS      | $127191.15    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA AEROSPACE INDUSTRIES LTD                            | KOREA AEROSPACE INDUSTRIES LTD                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       869 | NS      | $62867.92     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                                   | DSV A/S                                                                                             | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |      1282 | NS      | $272073.41    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                                 | TOKIO MARINE HOLDINGS INC                                                                           | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      8320 | NS      | $312155.21    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                               | DIPLOMA PLC                                                                                         | CUSIP: N/A<br>LEI: 2138008OGI7VYG8FGR19       | Long             | EC               | CORP              | GB        |      2053 | NS      | $151303.16    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                                 | THALES                                                                                              | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       288 | NS      | $81961.71     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUTRADE AB                                              | INDUTRADE AB                                                                                        | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |      7532 | NS      | $201376.60    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESENIUS SE and CO KGAA                                  | FRESENIUS SE and CO KGAA                                                                            | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      3337 | NS      | $192396.58    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HOLDINGS LTD                                 | CAPITEC BANK HOLDINGS LIMITED                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |       862 | NS      | $190550.85    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                                   | SEA LTD ADR                                                                                         | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       881 | NS      | $137656.25    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer