# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0000035402-26-000493
**Filing Date:** 2026-1
**Character Count:** 72603
**Document Hash:** 88082b423b93c9858ba3745d025a4009
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-000493.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000035402-26-000493

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 26555443

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FIXED INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity Tactical Bond Fund (Series ID: S000075287)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000234189 | Fidelity Tactical Bond Fund                  | FBAGX           |
| C000234190 | Fidelity Advisor Tactical Bond Fund: Class Z | FBAPX           |
| C000234191 | Fidelity Advisor Tactical Bond Fund: Class A | FTKAX           |
| C000234192 | Fidelity Advisor Tactical Bond Fund: Class C | FTKCX           |
| C000234193 | Fidelity Advisor Tactical Bond Fund: Class M | FTYMX           |
| C000234194 | Fidelity Advisor Tactical Bond Fund: Class I | FBAHX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Tactical Bond Fund**

**November 30, 2025**

TBF-NPRT1-0126

1.9904498.103 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 6.4%** | &nbsp;&nbsp;**Asset-Backed Securities - 6.4%** | &nbsp;&nbsp;**Asset-Backed Securities - 6.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| GRAND CAYMAN (UK OVERSEAS TER) - 0.8%  |  |  |
| Horizon Aircraft Finance Ltd Series 2019-1 Class A, 3.721% 7/15/2039 (b) | 135792 | 133071 |
| Thunderbolt III Aircraft Lease Ltd Series 2019-1 Class A, 3.671% 11/15/2039 (b) | 226162 | 221879 |
| TOTAL GRAND CAYMAN (UK OVERSEAS TER) |  | 354950 |
| UNITED STATES - 5.6%  |  |  |
| AASET Trust Series 2021-1A Class A, 2.95% 11/16/2041 (b) | 104037 | 100001 |
| AASET Trust Series 2021-2A Class A, 2.798% 1/15/2047 (b) | 163295 | 154773 |
| DB Master Finance LLC Series 2021-1A Class A23, 2.791% 11/20/2051 (b) | 240000 | 214771 |
| Domino's Pizza Master Issuer LLC Series 2021-1A Class A2II, 3.151% 4/25/2051 (b) | 923875 | 849990 |
| Ggam Master Tr Internationa Ltd / LLC Series 2025-1A Class A, 5.923% 9/30/2060 (b) | 250000 | 252867 |
| Navigator Aircraft Abs Ltd Series 2025-1 Class A, 5.107% 10/15/2050 (b) | 248754 | 247387 |
| Planet Fitness Master Issuer LLC Series 2022-1A Class A2II, 4.008% 12/5/2051 (b) | 482500 | 452304 |
| Subway Funding LLC Series 2024-1A Class A23, 6.505% 7/30/2054 (b) | 27720 | 28717 |
| Subway Funding LLC Series 2024-1A Class A2I, 6.028% 7/30/2054 (b) | 52470 | 53067 |
| Subway Funding LLC Series 2024-1A Class A2II, 6.268% 7/30/2054 (b) | 31680 | 32385 |
| Subway Funding LLC Series 2024-3A Class A23, 5.914% 7/30/2054 (b) | 42570 | 42430 |
| Subway Funding LLC Series 2024-3A Class A2I, 5.246% 7/30/2054 (b) | 43560 | 43400 |
| Subway Funding LLC Series 2024-3A Class A2II, 5.566% 7/30/2054 (b) | 24750 | 24603 |
| TOTAL UNITED STATES |  | 2496695 |
| <br> **TOTAL ASSET-BACKED SECURITIES**<br> (Cost $2,781,254) |  | <br> **2851645** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Mortgage Securities - 2.4%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 2.4%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 2.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 2.4%  |  |  |
| BX Commercial Mortgage Trust 2025-SPOT Series 2025-SPOT Class A, CME Term SOFR 1 month Index + 1.4434%, 5.4023% 4/15/2040 (b)(c)(d) | 90664 | 90664 |
| BX Commercial Mortgage Trust Series 2022-LP2 Class B, CME Term SOFR 1 month Index + 1.3123%, 5.2713% 2/15/2039 (b)(c)(d) | 70000 | 69913 |
| BX Trust 2019-OC11 Series 2019-OC11 Class E, 3.944% 12/9/2041 (b)(d) | 52000 | 48027 |
| BX Trust Series 2022-IND Class C, CME Term SOFR 1 month Index + 2.29%, 6.249% 4/15/2037 (b)(c)(d) | 188999 | 189176 |
| BX Trust Series 2022-IND Class D, CME Term SOFR 1 month Index + 2.839%, 6.798% 4/15/2037 (b)(c)(d) | 7000 | 7008 |
| BX Trust Series 2025-DIME Class B, CME Term SOFR 1 month Index + 1.5%, 5.459% 2/15/2035 (b)(c)(d) | 145000 | 144728 |
| BX Trust Series 2025-DIME Class C, CME Term SOFR 1 month Index + 1.75%, 5.709% 2/15/2035 (b)(c)(d) | 94000 | 93824 |
| Life Financial Services Trust Series 2022-BMR2 Class B, CME Term SOFR 1 month Index + 1.7939%, 5.7529% 5/15/2039 (b)(c)(d) | 100000 | 89817 |
| Life Financial Services Trust Series 2022-BMR2 Class C, CME Term SOFR 1 month Index + 2.0931%, 6.0521% 5/15/2039 (b)(c)(d) | 100000 | 89568 |
| Life Financial Services Trust Series 2022-BMR2 Class D, CME Term SOFR 1 month Index + 2.5419%, 6.5009% 5/15/2039 (b)(c)(d)(e) | 100000 | 77154 |
| OPEN Trust Series 2023-AIR Class B, CME Term SOFR 1 month Index + 3.838%, 7.797% 11/15/2040 (b)(c)(d) | 70148 | 70192 |
| VLS Commercial Mortgage Trust Series 2020-LAB Class A, 2.13% 10/10/2042 (b) | 100000 | 86045 |
| TOTAL UNITED STATES |  | 1056116 |
| <br> **TOTAL COMMERCIAL MORTGAGE SECURITIES**<br> (Cost $1,091,023) |  | <br> **1056116** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fixed-Income Funds - 30.3%** | &nbsp;&nbsp;**Fixed-Income Funds - 30.3%** | &nbsp;&nbsp;**Fixed-Income Funds - 30.3%** |
|  | Shares | Value ($)<br>|
| Fidelity Floating Rate Central Fund (f) | 46643 | 4457193 |
| Fidelity High Income Central Fund (f) | 40501 | 4470492 |
| Fidelity International Credit Central Fund (f) | 53659 | 4581422 |
| <br> **TOTAL FIXED-INCOME FUNDS**<br> (Cost $13,408,579) |  | **13509107** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 4.1%** | &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 4.1%** | &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 4.1%** | &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 4.1%** |
|  |  | Principal<br> Amount (a)<br>| Value ($)<br>|
| BRAZIL - 1.3%  |  |  |  |
| Brazilian Federative Republic 10% 1/1/2029  | BRL | 1000000 | 174930 |
| Brazilian Federative Republic 10% 1/1/2033  | BRL | 1700000 | 273504 |
| Federative Republic of Brazil 7.250% 1/12/2056  |  | 121000 | 120758 |
| TOTAL BRAZIL |  |  | 569192 |
| COLOMBIA - 0.5%  |  |  |  |
| Colombian Republic 8% 11/14/2035  |  | 200000 | 215600 |
| DOMINICAN REPUBLIC - 1.1%  |  |  |  |
| Dominican Republic Bond 4.875% 9/23/2032 (b) |  | 270000 | 257402 |
| Dominican Republic Bond 5.5% 2/22/2029 (b) |  | 250000 | 253125 |
| TOTAL DOMINICAN REPUBLIC |  |  | 510527 |
| JAPAN - 1.2%  |  |  |  |
| Japan Government 0.1% 12/20/2025  | JPY | 85800000 | 549179 |
| <br> **TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS**<br> (Cost $1,883,776) |  |  | <br> **1844498** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 1.4%** | &nbsp;&nbsp;**Municipal Securities - 1.4%** | &nbsp;&nbsp;**Municipal Securities - 1.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Illinois - 1.3%  |  |  |
| General Obligations - 1.3% |  |  |
| Chicago IL Brd Ed 6.319% 11/1/2029  | 60000 | 59822 |
| Chicago IL Brd Ed Series 2009G, 1.75% 12/15/2025  | 520000 | 519228 |
|  |  | 579050 |
| TOTAL ILLINOIS |  | 579050 |
| Massachusetts - 0.1%  |  |  |
| Health Care - 0.1% |  |  |
| Massachusetts St Dev Fin Agy Rv (Tufts Medicine Proj.) Series 2025 G, 6.625% 10/1/2030 (g) | 52000 | 52750 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $632,017) |  | <br> **631800** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 9.4%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 9.4%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 9.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| GUATEMALA - 0.8%  |  |  |
| Communication Services - 0.8% |  |  |
| Wireless Telecommunication Services - 0.8% |  |  |
| Millicom International Cellular SA 4.5% 4/27/2031 (b) | 310000 | 287603 |
| Millicom International Cellular SA 6.25% 3/25/2029 (b) | 72000 | 72108 |
| TOTAL GUATEMALA |  | 359711 |
| ISRAEL - 0.9%  |  |  |
| Health Care - 0.9% |  |  |
| Pharmaceuticals - 0.9% |  |  |
| Teva Pharmaceutical Finance Netherlands III BV 6% 12/1/2032  | 200000 | 209953 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 200000 | 207553 |
| TOTAL ISRAEL |  | 417506 |
| MEXICO - 1.3%  |  |  |
| Energy - 1.3% |  |  |
| Oil, Gas & Consumable Fuels - 1.3% |  |  |
| Petroleos Mexicanos 7.69% 1/23/2050  | 650000 | 579605 |
| UNITED STATES - 6.4%  |  |  |
| Communication Services - 0.9% |  |  |
| Media - 0.9% |  |  |
| Charter Communications Operating LLC / Charter Communications Operating Capital 3.7% 4/1/2051  | 250000 | 160883 |
| Charter Communications Operating LLC / Charter Communications Operating Capital 5.5% 4/1/2063  | 130000 | 104600 |
| Sirius XM Radio LLC 4.125% 7/1/2030 (b) | 140000 | 132561 |
|  |  | 398044 |
| Energy - 1.0% |  |  |
| Oil, Gas & Consumable Fuels - 1.0% |  |  |
| Columbia Pipelines Operating Co LLC 5.927% 8/15/2030 (b) | 4000 | 4247 |
| Columbia Pipelines Operating Co LLC 6.036% 11/15/2033 (b) | 12000 | 12886 |
| Columbia Pipelines Operating Co LLC 6.497% 8/15/2043 (b) | 3000 | 3217 |
| Columbia Pipelines Operating Co LLC 6.544% 11/15/2053 (b) | 6000 | 6474 |
| Columbia Pipelines Operating Co LLC 6.714% 8/15/2063 (b) | 4000 | 4412 |
| MPLX LP 5% 3/1/2033  | 100000 | 100957 |
| MPLX LP 5.65% 3/1/2053  | 100000 | 93817 |
| Targa Resources Corp 4.2% 2/1/2033  | 130000 | 124803 |
| Targa Resources Corp 4.95% 4/15/2052  | 130000 | 111484 |
|  |  | 462297 |
| Financials - 0.8% |  |  |
| Banks - 0.6% |  |  |
| Bank of America Corp 2.299% 7/21/2032 (d) | 280000 | 251172 |
| Consumer Finance - 0.2% |  |  |
| Capital One Financial Corp 5.468% 2/1/2029 (d) | 18000 | 18475 |
| Capital One Financial Corp 5.817% 2/1/2034 (d) | 15000 | 15791 |
| Capital One Financial Corp 7.624% 10/30/2031 (d) | 32000 | 36210 |
|  |  | 70476 |
| Financial Services - 0.0% |  |  |
| Corebridge Financial Inc 3.9% 4/5/2032  | 9000 | 8556 |
| Corebridge Financial Inc 4.35% 4/5/2042  | 2000 | 1722 |
| Corebridge Financial Inc 6.05% 9/15/2033  | 6000 | 6387 |
|  |  | 16665 |
| TOTAL FINANCIALS |  | 338313 |
| Health Care - 1.6% |  |  |
| Health Care Providers & Services - 1.6% |  |  |
| Centene Corp 4.625% 12/15/2029  | 120000 | 116005 |
| Prime Healthcare Foundation Inc 7% 12/1/2027  | 294000 | 304543 |
| Toledo Hospital/The Series 2018 B, 5.325% 11/15/2028  | 250000 | 254386 |
|  |  | 674934 |
| Industrials - 0.2% |  |  |
| Aerospace & Defense - 0.2% |  |  |
| Boeing Co 6.259% 5/1/2027  | 9000 | 9245 |
| Boeing Co 6.298% 5/1/2029  | 12000 | 12763 |
| Boeing Co 6.388% 5/1/2031  | 9000 | 9791 |
| Boeing Co 6.528% 5/1/2034  | 10000 | 11120 |
| Boeing Co 6.858% 5/1/2054  | 14000 | 15950 |
| Boeing Co 7.008% 5/1/2064  | 14000 | 16032 |
|  |  | 74901 |
| Materials - 0.6% |  |  |
| Chemicals - 0.6% |  |  |
| Celanese US Holdings LLC 6.5% 4/15/2030  | 140000 | 139779 |
| Celanese US Holdings LLC 6.75% 4/15/2033  | 140000 | 139326 |
|  |  | 279105 |
| Real Estate - 0.7% |  |  |
| Diversified REITs - 0.1% |  |  |
| Piedmont Operating Partnership LP 6.875% 7/15/2029  | 21000 | 22316 |
| Piedmont Operating Partnership LP 9.25% 7/20/2028  | 39000 | 43195 |
|  |  | 65511 |
| Health Care REITs - 0.1% |  |  |
| National Health Investors Inc 5.35% 2/1/2033  | 30000 | 29862 |
| Office REITs - 0.4% |  |  |
| Highwoods Realty LP 7.65% 2/1/2034  | 89000 | 101580 |
| Kilroy Realty LP 5.875% 10/15/2035  | 68000 | 68981 |
|  |  | 170561 |
| Real Estate Management & Development - 0.1% |  |  |
| Brandywine Operating Partnership LP 8.875% 4/12/2029  | 28000 | 30326 |
| Residential REITs - 0.0% |  |  |
| American Homes 4 Rent LP 3.625% 4/15/2032  | 8000 | 7557 |
| American Homes 4 Rent LP 4.3% 4/15/2052  | 6000 | 4825 |
|  |  | 12382 |
| TOTAL REAL ESTATE |  | 308642 |
| Utilities - 0.6% |  |  |
| Electric Utilities - 0.6% |  |  |
| DPL LLC/Ohio 4.35% 4/15/2029  | 270000 | 265018 |
| Multi-Utilities - 0.0% |  |  |
| Puget Energy Inc 4.224% 3/15/2032  | 15000 | 14402 |
| TOTAL UTILITIES |  | 279420 |
| TOTAL UNITED STATES |  | 2815656 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $4,116,499) |  | <br> **4172478** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 0.6%** | &nbsp;&nbsp;**Preferred Securities - 0.6%** | &nbsp;&nbsp;**Preferred Securities - 0.6%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| CANADA - 0.6%  |  |  |
| Energy - 0.6% |  |  |
| Oil, Gas & Consumable Fuels - 0.6% |  |  |
| Enbridge Inc 5.75% 7/15/2080 (d)<br>(Cost $267,257)<br>| 250000 | **258089** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 37.7%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 37.7%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 37.7%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 37.7%** |
|  | Yield (%) (h) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bonds 2.875% 5/15/2052  | 4.05 | 59000 | 42521 |
| US Treasury Bonds 4% 11/15/2052  | 4.95 to 5.00 | 1588000 | 1417724 |
| US Treasury Bonds 4.125% 8/15/2053  | 4.36 to 4.80 | 5589000 | 5096688 |
| US Treasury Bonds 4.25% 8/15/2054  | 4.79 to 4.98 | 1359400 | 1265994 |
| US Treasury Bonds 4.75% 5/15/2055  | 4.83 to 4.91 | 311000 | 314742 |
| US Treasury Notes 3.875% 8/15/2033  | 4.59 to 4.77 | 1586000 | 1588974 |
| US Treasury Notes 4.25% 5/15/2035  | 4.35 | 136000 | 138804 |
| US Treasury Notes 4.25% 8/15/2035  | 4.08 to 4.13 | 1020000 | 1039763 |
| US Treasury Notes 4.375% 5/15/2034  | 4.23 to 4.53 | 5377000 | 5558894 |
| US Treasury Notes 4.625% 2/15/2035  | 4.41 | 300000 | 315176 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $16,563,261) |  |  | **16779280** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 7.5%** | &nbsp;&nbsp;**Money Market Funds - 7.5%** | &nbsp;&nbsp;**Money Market Funds - 7.5%** | &nbsp;&nbsp;**Money Market Funds - 7.5%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (i)<br>(Cost $3,321,956)<br>| 4.02 | 3321292 | **3321956** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.8%**<br> (Cost $44,065,622)<br>| <br>**44424969** |
| **NET OTHER ASSETS (LIABILITIES) - 0.2%**  | **98699** |
| **NET ASSETS - 100.0%** | **44523668** |

---

**Currency Abbreviations**

BRL - Brazilian Real <br> JPY - Japanese Yen

**Legend**

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

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $4,941,796 or 11.1% of net assets.

(c) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(d) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(e) Level 3 security.

(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. A complete unaudited schedule of portfolio holdings for each Fidelity Central Fund is filed with the SEC for the first and third quarters of each fiscal year on Form N-PORT and is available upon request or at the SEC's website at www.sec.gov. An unaudited holdings listing for the Fund, which presents direct holdings as well as the pro-rata share of securities and other investments held indirectly through its investment in underlying non-money market Fidelity Central Funds, is available at fidelity.com and/or institutional.fidelity.com, as applicable. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(h) 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.

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 445263 | 6600823 | 3724120 | 19972 | (10) | - | 3321956 | 3321292 | 0.0% |
| Fidelity Floating Rate Central Fund | 5980239 | 101275 | 1601823 | 99453 | (50788) | 28290 | 4457193 | 46643 | 0.2% |
| Fidelity High Income Central Fund | 5473893 | 85503 | 1100000 | 85501 | 3175 | 7921 | 4470492 | 40501 | 0.3% |
| Fidelity International Credit Central Fund | 5710837 | 48247 | 1300000 | 48248 | (204625) | 326963 | 4581422 | 53659 | 4.6% |
| Total | 17610232 | 6835848 | 7725943 | 253174 | (252248) | 363174 | 16831063 |  |  |

---

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

**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:

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, Foreign Government and Government Agency Obligations, Municipal Securities, Non-Convertible Corporate Bonds and Preferred Securities 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. Asset-Backed Securities and Commercial Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, 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. For foreign debt securities, when significant market or security specific events arise, valuations may be determined in good faith in accordance with procedures adopted by the Board. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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.

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 Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

- **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 Tactical Bond Fund

- **b. EDGAR series identifier (if any):** S000075287

- **c. LEI of Series:** 5493006FOBKMPLHSZB51

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $44689175.92

**Total Liabilities:** $321077.42

**Net Assets:** $44368098.50

**Cash Not Reported:** $237124.88

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 162.30544009 | **1-Year:** 1038.34989289 | **5-Year:** 4747.48318043 | **10-Year:** 8718.81406197 | **30-Year:** 8215.58982964

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 116.98687620 | **1-Year:** 445.63929199 | **5-Year:** 575.32045420 | **10-Year:** 151.89896623 | **30-Year:** 75.77954120

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234189 | 1.24%                | 0.79%                | 0.44%                |
| Class ID C000234190 | 1.36%                | 0.69%                | 0.56%                |
| Class ID C000234191 | 1.22%                | 0.77%                | 0.42%                |
| Class ID C000234192 | 1.27%                | 0.71%                | 0.36%                |
| Class ID C000234193 | 1.22%                | 0.77%                | 0.42%                |
| Class ID C000234194 | 1.36%                | 0.79%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-202574.90              | $654100.88                                 |
| Month 2  | $18331.53                | $138909.90                                 |
| Month 3  | $-4618.21                | $59574.13                                  |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Index

- **Index Identifier:** 19808143

### Schedule of Portfolio Investments

| Name                                                                               | Title                                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO IL BRD ED                                                                  | CHICAGO ILL BRD ED QUALIFIED SCH CONST BD                                                       | CUSIP: 167505NG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59821.76     | 0.13%             | 2029-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Fidelity Central Investment Portfolios LLC                                         | Fidelity High Income Central Fund                                                               | CUSIP: 31606V690<br>LEI: S2V1M15I679NQK6BNY65 | Long             | EC               | RF                | US        |     40263 | NS      | $4444234.02   | 10.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Central Investment Portfolios LLC                                         | Fidelity Floating Rate Central Fund                                                             | CUSIP: 31606V708<br>LEI: S2V1M15I679NQK6BNY65 | Long             | EC               | RF                | US        |     46331 | NS      | $4427416.64   | 9.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                                                       | Fidelity Cash Central Fund                                                                      | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   3084221 | NS      | $3084837.48   | 6.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Central Investment Portfolios II LLC                                      | Fidelity International Credit Central Fund                                                      | CUSIP: 31607D202<br>LEI: 0VPAEPVECBYQ0ULYZJ60 | Long             | EC               | RF                | US        |     53659 | NS      | $4581421.73   | 10.33%            |  |  |  | No            |                  1 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                                           | NOTA DO TESOURO NACIONAL 10% 01/01/2029                                                         | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   1000000 | PA      | $174930.39    | 0.39%             | 2029-01-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD ED                                                                  | CHICAGO IL BOE 1.75% 12/15/25                                                                   | CUSIP: 167505KK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $519227.90    | 1.17%             | 2025-12-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE FOUNDATION INC                                                    | PRIME HEALTHCARE FOUNDATION INC 7% 12/01/2027                                                   | CUSIP: 74166AAA0<br>LEI: 984500CA2F5A8B78A337 | Long             | DBT              | CORP              | US        |    294000 | PA      | $304542.96    | 0.69%             | 2027-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                                                                | TOLEDO HOSPITAL/THE 5.325% 11/15/2028                                                           | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254385.50    | 0.57%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR SA                                                          | MILLICOM INTL CELLULAR SA 6.25% 03/25/2029 144A                                                 | CUSIP: 600814AQ0<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     72000 | PA      | $72108.00     | 0.16%             | 2029-03-25      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HORIZON AIRCRAFT FINANCE LTD                                                       | HORIZON AIRCRAFT FINANCE LTD 2019-1 A 3.721% 07/15/2039 144A                                    | CUSIP: 44040HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    135792 | PA      | $133070.94    | 0.30%             | 2039-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| THUNDERBOLT III AIRCRAFT LEASE LTD                                                 | THUNDERBOLT III AIRCRAFT LEASE LTD 2019-1 A 3.671% 11/15/2039 144A                              | CUSIP: 88607AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    226162 | PA      | $221879.14    | 0.50%             | 2039-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX TR 2019-OC11                                                                    | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                       | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     52000 | PA      | $48027.63     | 0.11%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL    | CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 3.7% 04/01/2051 | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $160882.42    | 0.36%             | 2051-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DPL INC                                                                            | DPL INC 4.35% 04/15/2029                                                                        | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $265018.39    | 0.60%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP DEL                                                                   | CENTENE CORP 4.625% 12/15/2029                                                                  | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116005.84    | 0.26%             | 2029-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                                | SIRIUS XM RADIO INC 4.125% 07/01/2030 144A                                                      | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    140000 | PA      | $132561.11    | 0.30%             | 2030-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                       | ENBRIDGE INC 5.75%/VAR 07/15/2080                                                               | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    250000 | PA      | $252659.00    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                                 | DOMINICAN REPUBLIC 4.875% 09/23/2032 144A                                                       | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    270000 | PA      | $257402.48    | 0.58%             | 2032-09-23      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR SA                                                          | MILLICOM INTL CELLULAR SA 4.5% 04/27/2031 144A                                                  | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    310000 | PA      | $287602.50    | 0.65%             | 2031-04-27      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VLS COMMERCIAL MORTGAGE TRUST 2020                                                 | VLS COMMERCIAL MORTGAGE TRUST 2020 2.13% 10/10/2042 144A                                        | CUSIP: 92858TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $86044.57     | 0.19%             | 2042-10-10      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                                | PETROLEOS MEXICANOS 7.69% 01/23/2050                                                            | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    650000 | PA      | $579605.00    | 1.31%             | 2050-01-23      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| JAPAN GOVERNMENT OF                                                                | JAPAN GOVERNMENT OF 0.1% 12/20/2025                                                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  85800000 | PA      | $549179.32    | 1.24%             | 2025-12-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINOS PIZZA MASTER ISSUER LL DOMINOS SPV CDN HLDG CO INC DOMINOS PIZZA DISTR LLC | DOMINOS PIZZA MASTER ISR LLC 3.151% 04/25/2051 144A                                             | CUSIP: 25755TAP5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    923875 | PA      | $849989.76    | 1.92%             | 2051-04-25      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                        | BANK OF AMERICA CORPORATION 2.299%/VAR 07/21/2032                                               | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    280000 | PA      | $251170.91    | 0.57%             | 2032-07-21      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DB MASTER FIN LLC                                                                  | DB MASTER FIN LLC 21-1A A23 2.791% 11/20/2051 144A                                              | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-CBDO         | CORP              | US        |    240000 | PA      | $214771.32    | 0.48%             | 2051-11-20      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AASET 2021-1 TR                                                                    | AASET 2021-1 TR 2.95% 11/16/2041 144A                                                           | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    104037 | PA      | $100000.56    | 0.23%             | 2041-11-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 TR                                                                    | AASET 2021-2 TR 2.798% 01/15/2047 144A                                                          | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    163295 | PA      | $154772.56    | 0.35%             | 2047-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                                           | NOTA DO TESOURO NACIONAL 10% 01/01/2033                                                         | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   1700000 | PA      | $273503.10    | 0.62%             | 2033-01-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| PLANET FITNESS MASTER ISSUER LLC 18-1A                                             | PLANET FITNESS MASTER ISSUER LLC 18-1A 4.008% 12/05/2051 144A                                   | CUSIP: 72703PAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    482500 | PA      | $452304.47    | 1.02%             | 2051-12-05      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-VINO                                             | BX COMMERCIAL MORTGAGE TRUST 22-LP2 B TSFR1M+126.27 02/15/2039 144A                             | CUSIP: 05610HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70000 | PA      | $69912.69     | 0.16%             | 2039-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                                 | DOMINICAN REPUBLIC 5.5% 02/22/2029 144A                                                         | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    250000 | PA      | $253125.00    | 0.57%             | 2029-02-22      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL    | CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 5.5% 04/01/2063 | CUSIP: 161175CL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $104600.25    | 0.24%             | 2063-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                                   | PUGET ENERGY INC 4.224% 03/15/2032                                                              | CUSIP: 745310AN2<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14401.84     | 0.03%             | 2032-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TARGA RES CORP                                                                     | TARGA RES CORP 4.2% 02/01/2033                                                                  | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124802.35    | 0.28%             | 2033-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TARGA RES CORP                                                                     | TARGA RES CORP 4.95% 04/15/2052                                                                 | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $111484.47    | 0.25%             | 2052-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2022-IND                                                                  | BX TRUST 2022-IND TSFR1M+219.7 04/15/2024 144A                                                  | CUSIP: 05609WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    188999 | PA      | $189175.63    | 0.43%             | 2037-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2022-IND                                                                  | BX TRUST 2022-IND TSFR1M+274.6 04/15/2024 144A                                                  | CUSIP: 05609WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7000 | PA      | $7008.69      | 0.02%             | 2037-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                           | AMERICAN HOMES 4 RENT LP 3.625% 04/15/2032                                                      | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7557.35      | 0.02%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                           | AMERICAN HOMES 4 RENT LP 4.3% 04/15/2052                                                        | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |      6000 | PA      | $4825.12      | 0.01%             | 2052-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST 2022                                                 | LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+179.391 05/15/2039 144A                               | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $89816.73     | 0.20%             | 2039-05-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST 2022                                                 | LIFE FINANCIAL SERVICES TRUST 2022-BMR2 C TSFR1M+209.31 05/15/2039 144A                         | CUSIP: 53218DAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $89568.07     | 0.20%             | 2039-05-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST 2022                                                 | LIFE FINANCIAL SERVICES TRUST 2022 TSFR1M+254.191 05/15/2039 144A                               | CUSIP: 53218DAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $77153.99     | 0.17%             | 2039-05-15      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                        | UNITED STATES TREASURY BOND 2.875% 05/15/2052                                                   | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     59000 | PA      | $42521.48     | 0.10%             | 2052-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                        | UNITED STATES TREASURY BOND 4% 11/15/2052                                                       | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1588000 | PA      | $1417724.22   | 3.20%             | 2052-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                         | CAPITAL ONE FINANCIAL CORP 5.817%/VAR 02/01/2034                                                | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15791.57     | 0.04%             | 2034-02-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                         | CAPITAL ONE FIN CORP 5.468%/VAR 02/01/2029                                                      | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18475.08     | 0.04%             | 2029-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                            | MPLX LP 5.65% 03/01/2053                                                                        | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93817.45     | 0.21%             | 2053-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                            | MPLX LP 5% 03/01/2033                                                                           | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100956.71    | 0.23%             | 2033-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                           | COREBRIDGE FINANCIAL INC 3.9% 04/05/2032                                                        | CUSIP: 21871XAH2<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8555.28      | 0.02%             | 2032-04-05      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                           | COREBRIDGE FINANCIAL INC 4.35% 04/05/2042                                                       | CUSIP: 21871XAK5<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1722.39      | 0.00%             | 2042-04-05      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTNERSHIP LP                                                  | PIEDMONT OPERATING PARTNERSHIP LP 9.25% 07/20/2028                                              | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |     39000 | PA      | $43194.12     | 0.10%             | 2028-07-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                          | UST NOTES 3.875% 08/15/2033                                                                     | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1586000 | PA      | $1588973.75   | 3.58%             | 2033-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                        | UNITED STATES TREASURY BOND 4.125% 08/15/2053                                                   | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5589000 | PA      | $5096687.68   | 11.49%            | 2053-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                | COLUMBIA PIPELINES OPERATING CO LLC 5.927% 08/15/2030 144A                                      | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4246.62      | 0.01%             | 2030-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                | COLUMBIA PIPELINES OPERATING CO LLC 6.497% 08/15/2043 144A                                      | CUSIP: 19828TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $3217.41      | 0.01%             | 2043-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                | COLUMBIA PIPELINES OPERATING CO LLC 6.544% 11/15/2053 144A                                      | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6000 | PA      | $6473.75      | 0.01%             | 2053-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                | COLUMBIA PIPELINES OPERATING CO LLC 6.714% 08/15/2063 144A                                      | CUSIP: 19828TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $4411.82      | 0.01%             | 2063-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                | COLUMBIA PIPELINES OPERATING CO LLC 6.036% 11/15/2033 144A                                      | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $12886.25     | 0.03%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                         | CAPITAL ONE FIN CORP 7.624%/VAR 10/30/2031                                                      | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     32000 | PA      | $36209.83     | 0.08%             | 2031-10-30      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| OPEN TR 2023-AIR                                                                   | OPEN TR 2023-AIR TSFR1M+383.799 10/15/2028 144A                                                 | CUSIP: 68373BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70148 | PA      | $70191.57     | 0.16%             | 2040-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                                                               | COLOMBIA REPUBLIC OF 8% 11/14/2035                                                              | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $215600.00    | 0.49%             | 2035-11-14      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                                                                | HIGHWOODS REALTY LP 7.65% 02/01/2034                                                            | CUSIP: 431282AU6<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |     89000 | PA      | $101579.02    | 0.23%             | 2034-02-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERSHIP LP                                                     | BRANDYWINE OPER PARTNERSHIP LP 8.875% 04/12/2029                                                | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |     28000 | PA      | $30326.24     | 0.07%             | 2029-04-12      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                          | UST NOTES 4.375% 05/15/2034                                                                     | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5377000 | PA      | $5558893.80   | 12.53%            | 2034-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUBWAY FDG LLC ISSUER                                                              | SUBWAY FDG LLC ISSUER 6.028% 07/30/2054 144A                                                    | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     52470 | PA      | $53066.97     | 0.12%             | 2054-07-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUBWAY FDG LLC ISSUER                                                              | SUBWAY FDG LLC ISSUER 6.268% 07/30/2054 144A                                                    | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     31680 | PA      | $32385.10     | 0.07%             | 2054-07-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUBWAY FDG LLC ISSUER                                                              | SUBWAY FDG LLC ISSUER 6.505% 07/30/2054 144A                                                    | CUSIP: 864300AE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     27720 | PA      | $28717.25     | 0.06%             | 2054-07-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTNERSHIP LP                                                  | PIEDMONT OPERATING PARTNERSHIP LP 6.875% 07/15/2029                                             | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22316.34     | 0.05%             | 2029-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                        | UNITED STATES TREASURY BOND 4.25% 08/15/2054                                                    | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1359400 | PA      | $1265994.35   | 2.85%             | 2054-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                           | COREBRIDGE FINANCIAL INC 6.05% 09/15/2033                                                       | CUSIP: 21871XAR0<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6387.44      | 0.01%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUBWAY FDG LLC ISSUER                                                              | SUBWAY FDG LLC ISSUER 5.246% 07/30/2054 144A                                                    | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     43560 | PA      | $43399.59     | 0.10%             | 2054-07-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUBWAY FDG LLC ISSUER                                                              | SUBWAY FDG LLC ISSUER 5.914% 07/30/2054 144A                                                    | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     42570 | PA      | $42429.83     | 0.10%             | 2054-07-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUBWAY FDG LLC ISSUER                                                              | SUBWAY FDG LLC ISSUER 5.566% 07/30/2054 144A                                                    | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     24750 | PA      | $24603.64     | 0.06%             | 2054-07-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                          | BOEING CO 6.858% 05/01/2054                                                                     | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     14000 | PA      | $15949.77     | 0.04%             | 2054-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                          | BOEING CO 6.298% 05/01/2029                                                                     | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12762.62     | 0.03%             | 2029-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                          | BOEING CO 6.388% 05/01/2031                                                                     | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9792.14      | 0.02%             | 2031-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                          | BOEING CO 6.528% 05/01/2034                                                                     | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     10000 | PA      | $11119.78     | 0.03%             | 2034-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                          | BOEING CO 6.259% 05/01/2027                                                                     | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9245.92      | 0.02%             | 2027-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                          | BOEING CO 7.008% 05/01/2064                                                                     | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     14000 | PA      | $16031.56     | 0.04%             | 2064-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DIME                                                                 | BX TRUST 2025-DIME TSFR1M+150 02/15/2035 144A                                                   | CUSIP: 05613UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    145000 | PA      | $144728.44    | 0.33%             | 2035-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DIME                                                                 | BX TRUST 2025-DIME TSFR1M+175 02/15/2035 144A                                                   | CUSIP: 05613UAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94000 | PA      | $93823.95     | 0.21%             | 2035-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                          | UST NOTES 4.625% 02/15/2035                                                                     | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $315175.68    | 0.71%             | 2035-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                              | CELANESE US HLDGS LLC 6.75% 04/15/2033                                                          | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139326.46    | 0.31%             | 2033-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                              | CELANESE US HLDGS LLC 6.5% 04/15/2030                                                           | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139778.37    | 0.32%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                             | BX COMMERCIAL MORTGAGE TRUST 2025-SPOT TSFR1M+144.34 04/15/2040 144A                            | CUSIP: 12433FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90664 | PA      | $90664.18     | 0.20%             | 2040-04-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                          | UST NOTES 4.25% 05/15/2035                                                                      | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    136000 | PA      | $138805.00    | 0.31%             | 2035-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                        | UNITED STATES TREASURY BOND 4.75% 05/15/2055                                                    | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    311000 | PA      | $314741.72    | 0.71%             | 2055-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FIN NETH III B V                                               | TEVA PHARMACEUTICAL FIN NETH III B V 6% 12/01/2032                                              | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $209952.80    | 0.47%             | 2032-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV                                      | TEVA PHARMACEUTICAL FINANCE NETHERLANDS IV BV 5.75% 12/01/2030                                  | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $207553.60    | 0.47%             | 2030-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                          | UST NOTES 4.25% 08/15/2035                                                                      | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1020000 | PA      | $1039762.50   | 2.34%             | 2035-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                                                   | KILROY REALTY LP 5.875% 10/15/2035                                                              | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |     68000 | PA      | $68981.45     | 0.16%             | 2035-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF                                                     | BRAZIL FEDERATIVE REPUBLIC OF 7.25% 01/12/2056                                                  | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    121000 | PA      | $120758.00    | 0.27%             | 2056-01-12      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NAVIGATOR AIRCRAFT ABS LTD                                                         | NAVIGATOR AIRCRAFT ABS LTD 1 A 0% 10/15/2050 144A                                               | CUSIP: 63943GAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    248754 | PA      | $247386.87    | 0.56%             | 2050-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTH INVESTORS INC                                                      | NATIONAL HEALTH INVESTORS INC 5.35% 02/01/2033                                                  | CUSIP: 63633DAG9<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29861.98     | 0.07%             | 2033-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GGAM MASTER TR INTERNATIONA LTD / LLC                                              | GGAM MASTER TR INTERNATIONA LTD / LLC 5.923% 09/30/2060 144A                                    | CUSIP: 36173XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $252866.98    | 0.57%             | 2060-09-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY RV                                                    | MASSACHUSET REV 6.625% 10/1/2030                                                                | CUSIP: 57585BQT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     52000 | PA      | $52750.07     | 0.12%             | 2030-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer