# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0001752724-23-067568
**Filing Date:** 2023-3
**Character Count:** 64245
**Document Hash:** 2aa7ced367ef493d1a34da94231249be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067568.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067568

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315
- **IRS NUMBER:** 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:** 23763678

**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 SAI International Low Volatility Index Fund (Series ID: S000049310)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000155835 | Fidelity SAI International Low Volatility Index Fund | FSKLX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity**<sup>®</sup> **SAI International Low Volatility Index Fund**

**January 31, 2023**

Offered exclusively to certain clients of the Adviser, or its affiliates, including Strategic Advisers LLC (Strategic Advisers) - not available for sale to the general public. Fidelity® SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers.

SV2-NPRT1-0423

1.9866140.107 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.1%** | &nbsp;&nbsp;**Common Stocks - 99.1%** | &nbsp;&nbsp;**Common Stocks - 99.1%** |
|  | Shares | Value ($)<br>|
| Australia - 2.4%  |  |  |
| ASX Ltd.  | 1008413 | 49346828 |
| CSL Ltd.  | 269338 | 56870875 |
| Insurance Australia Group Ltd.  | 114906 | 399043 |
| Medibank Private Ltd.  | 13413556 | 27944249 |
| TOTAL AUSTRALIA |  | 134560995 |
| Bailiwick of Jersey - 1.4%  |  |  |
| Experian PLC  | 2130277 | 77903176 |
| Belgium - 0.8%  |  |  |
| ELIA GROUP SA/NV (a) | 177903 | 24910853 |
| Warehouses de Pauw  | 603237 | 19057813 |
| TOTAL BELGIUM |  | 43968666 |
| Bermuda - 1.2%  |  |  |
| Jardine Matheson Holdings Ltd.  | 1264076 | 67192703 |
| Cayman Islands - 0.0%  |  |  |
| China Huishan Dairy Holdings Co. Ltd. (b)(c) | 5145000 | 7 |
| Denmark - 5.4%  |  |  |
| Chr. Hansen Holding A/S  | 534657 | 39348980 |
| Coloplast A/S Series B  | 617435 | 74545696 |
| Novo Nordisk A/S Series B  | 842301 | 116565935 |
| Novozymes A/S Series B (a) | 535257 | 27761367 |
| Tryg A/S  | 1872868 | 42834531 |
| TOTAL DENMARK |  | 301056509 |
| Finland - 0.8%  |  |  |
| Elisa Corp. (A Shares)  | 782612 | 44565775 |
| France - 6.2%  |  |  |
| Air Liquide SA  | 100661 | 16027860 |
| Gaztransport et Technigaz SA  | 113909 | 12569371 |
| Hermes International SCA  | 13788 | 25699711 |
| L'Oreal SA  | 228277 | 94258232 |
| Orange SA  | 8155013 | 86302517 |
| Sanofi SA  | 1109209 | 108618709 |
| TOTAL FRANCE |  | 343476400 |
| Germany - 6.1%  |  |  |
| Beiersdorf AG  | 510521 | 62067952 |
| Deutsche Borse AG  | 520679 | 93171498 |
| Deutsche Telekom AG  | 2436105 | 54273481 |
| Hannover Reuck SE  | 283771 | 57443006 |
| Symrise AG  | 649172 | 69013241 |
| TOTAL GERMANY |  | 335969178 |
| Hong Kong - 6.0%  |  |  |
| CLP Holdings Ltd.  | 8667000 | 64395222 |
| Hang Seng Bank Ltd.  | 3778300 | 62920861 |
| Hong Kong & China Gas Co. Ltd.  | 56250015 | 56476155 |
| Link (REIT)  | 8056229 | 64485017 |
| MTR Corp. Ltd.  | 8055871 | 43111086 |
| Power Assets Holdings Ltd.  | 7098500 | 40164505 |
| TOTAL HONG KONG |  | 331552846 |
| Ireland - 0.3%  |  |  |
| Kerry Group PLC Class A  | 148353 | 13860572 |
| Israel - 0.3%  |  |  |
| Mizrahi Tefahot Bank Ltd.  | 441854 | 14516606 |
| Italy - 0.4%  |  |  |
| Recordati SpA  | 521371 | 22746024 |
| Japan - 28.5%  |  |  |
| Advance Residence Investment Corp.  | 6999 | 17096883 |
| Ajinomoto Co., Inc.  | 2705500 | 89196535 |
| Canon, Inc.  | 1868200 | 41459751 |
| Central Japan Railway Co.  | 338080 | 41237225 |
| Chubu Electric Power Co., Inc.  | 3941000 | 42448803 |
| Daiwa House REIT Investment Corp.  | 10670 | 23215083 |
| FUJIFILM Holdings Corp.  | 1572110 | 83197925 |
| Hankyu Hanshin Holdings, Inc.  | 1219140 | 36235818 |
| Japan Post Holdings Co. Ltd.  | 11313500 | 99326450 |
| Japan Real Estate Investment Corp.  | 6985 | 29948121 |
| Kansai Electric Power Co., Inc.  | 4294300 | 41298690 |
| KDDI Corp.  | 854000 | 26681910 |
| Kintetsu Group Holdings Co. Ltd.  | 991700 | 32294699 |
| Kyushu Railway Co.  | 818200 | 18341314 |
| McDonald's Holdings Co. (Japan) Ltd.  | 449100 | 17742764 |
| Medipal Holdings Corp.  | 1092700 | 14588621 |
| Nagoya Railroad Co. Ltd.  | 1022800 | 16911854 |
| Nankai Electric Railway Co. Ltd.  | 589900 | 12818305 |
| Nippon Building Fund, Inc.  | 8337 | 36435725 |
| Nippon Prologis REIT, Inc.  | 13024 | 29553302 |
| Nippon Telegraph & Telephone Corp.  | 3009096 | 90229320 |
| Oriental Land Co. Ltd.  | 587700 | 97922563 |
| Osaka Gas Co. Ltd.  | 2102560 | 33928770 |
| Otsuka Holdings Co. Ltd.  | 904560 | 29018674 |
| Pan Pacific International Holdings Ltd.  | 2687600 | 49702158 |
| Secom Co. Ltd.  | 1116170 | 66496737 |
| Sega Sammy Holdings, Inc.  | 534600 | 8465130 |
| Sekisui House Ltd.  | 1153900 | 21807856 |
| Seven & i Holdings Co. Ltd.  | 2012600 | 95020715 |
| SHIMANO, Inc.  | 195300 | 34828919 |
| Skylark Holdings Co. Ltd. (a) | 1184200 | 14093016 |
| SoftBank Corp.  | 7673800 | 87804403 |
| Sohgo Security Services Co., Ltd.  | 451000 | 12416889 |
| Suntory Beverage & Food Ltd.  | 176500 | 5960011 |
| Tobu Railway Co. Ltd.  | 1091200 | 25602955 |
| Tokio Marine Holdings, Inc.  | 4520200 | 94674294 |
| Tokyo Gas Co. Ltd.  | 1266000 | 26509666 |
| Toyota Motor Corp.  | 600 | 8811 |
| Trend Micro, Inc.  | 709400 | 35125252 |
| TOTAL JAPAN |  | 1579645917 |
| Netherlands - 5.0%  |  |  |
| Koninklijke Ahold Delhaize NV  | 2942759 | 87832438 |
| Prosus NV  | 1248661 | 100823460 |
| Wolters Kluwer NV  | 818932 | 89163738 |
| TOTAL NETHERLANDS |  | 277819636 |
| Norway - 0.5%  |  |  |
| Orkla ASA  | 1991021 | 14864400 |
| Telenor ASA  | 1132061 | 11851111 |
| TOTAL NORWAY |  | 26715511 |
| Singapore - 3.2%  |  |  |
| CapitaLand Ascendas REIT  | 17475399 | 38456902 |
| CapitaLand Investment Ltd.  | 12769300 | 38686012 |
| CapitaMall Trust  | 16270100 | 26620078 |
| Mapletree Industrial (REIT)  | 10356395 | 18821224 |
| Singapore Exchange Ltd.  | 4278200 | 30133593 |
| Singapore Technologies Engineering Ltd.  | 8095100 | 22759721 |
| TOTAL SINGAPORE |  | 175477530 |
| Spain - 1.1%  |  |  |
| Grifols SA (b) | 1482351 | 19539897 |
| Red Electrica Corporacion SA  | 2251408 | 39749320 |
| TOTAL SPAIN |  | 59289217 |
| Sweden - 1.3%  |  |  |
| Axfood AB  | 534453 | 13742581 |
| Ericsson (B Shares)  | 4807297 | 27884556 |
| Telia Co. AB  | 12754355 | 32939943 |
| TOTAL SWEDEN |  | 74567080 |
| Switzerland - 14.4%  |  |  |
| Allreal Holding AG  | 80394 | 13751721 |
| Banque Cantonale Vaudoise  | 147662 | 14008132 |
| DKSH Holding AG  | 185563 | 15779442 |
| Galenica AG (d) | 259893 | 20297487 |
| Givaudan SA  | 28120 | 90794888 |
| Lindt & Spruengli AG  | 696 | 78228727 |
| Nestle SA (Reg. S)  | 885480 | 108036580 |
| Novartis AG  | 1179700 | 106655593 |
| PSP Swiss Property AG  | 238214 | 29636892 |
| Roche Holding AG (participation certificate)  | 288686 | 90119225 |
| SGS SA (Reg.)  | 22864 | 55567886 |
| Swiss Prime Site AG  | 382878 | 34042894 |
| Swisscom AG  | 131865 | 77779465 |
| Zurich Insurance Group Ltd.  | 121120 | 59897344 |
| TOTAL SWITZERLAND |  | 794596276 |
| United Kingdom - 13.8%  |  |  |
| Admiral Group PLC  | 1419276 | 38494597 |
| AstraZeneca PLC (United Kingdom)  | 792279 | 103798488 |
| Bunzl PLC  | 1702536 | 62339453 |
| Diageo PLC  | 2260287 | 98833558 |
| Direct Line Insurance Group PLC  | 6793108 | 14861230 |
| GSK PLC  | 5376959 | 94446492 |
| National Grid PLC  | 7841647 | 99690137 |
| RELX PLC (London Stock Exchange)  | 3429741 | 101893963 |
| Shell PLC (London)  | 97769 | 2870282 |
| Smith & Nephew PLC  | 4143735 | 57226396 |
| Unilever PLC  | 1753960 | 89275022 |
| TOTAL UNITED KINGDOM |  | 763729618 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $5,317,169,808) |  | <br> **5483210242** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Government Obligations - 0.0%** | &nbsp;&nbsp;**Government Obligations - 0.0%** | &nbsp;&nbsp;**Government Obligations - 0.0%** |
|  | Principal<br> Amount (e)<br>| Value ($)<br>|
| United States of America - 0.0%  |  |  |
| U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (f)<br> (Cost $2,845,605) | 2900000 | **2845555** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.6%** | &nbsp;&nbsp;**Money Market Funds - 0.6%** | &nbsp;&nbsp;**Money Market Funds - 0.6%** |
|  | Shares | Value ($)<br>|
| Fidelity Cash Central Fund 4.38% (g) | 17350606 | 17354076 |
| Fidelity Securities Lending Cash Central Fund 4.38% (g)(h) | 17033966 | 17035669 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $34,389,745) |  | **34389745** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.7%**<br> (Cost $5,354,405,158)<br>| <br>**5520445542** |
| **NET OTHER ASSETS (LIABILITIES) - 0.3%**  | **15215790** |
| **NET ASSETS - 100.0%** | **5535661332** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Index Contracts |  |  |  |  |  |
| ICE E-mini MSCI EAFE Index Contracts (United States) | 498 | Mar 2023 | 52763100 | 2594105 | 2594105 |
| The notional amount of futures purchased as a percentage of Net Assets is 1.0% | The notional amount of futures purchased as a percentage of Net Assets is 1.0% | The notional amount of futures purchased as a percentage of Net Assets is 1.0% | The notional amount of futures purchased as a percentage of Net Assets is 1.0% | The notional amount of futures purchased as a percentage of Net Assets is 1.0% | The notional amount of futures purchased as a percentage of Net Assets is 1.0% |

---

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

**Legend**

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

(b) Non-income producing

(c) Level 3 security

(d) 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 $20,297,487 or 0.4% of net assets.

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

(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,172,434.

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

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

**Affiliated Central Funds**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund 4.38% | - | 40416859 | 23062783 | 27866 | - | - | 17354076 | 0.0% |
| Fidelity Securities Lending Cash Central Fund 4.38% | 50539138 | 139667697 | 173171166 | 198279 | - | - | 17035669 | 0.1% |
| Total | 50539138 | 180084556 | 196233949 | 226145 | - | - | 34389745 |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity 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 SAI International Low Volatility Index Fund

- **b. EDGAR series identifier (if any):** S000049310

- **c. LEI of Series:** 549300DBSHCL3C71CO63

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

- **a. Date of fiscal year-end:** 2023-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5552163987.86

**Total Liabilities:** $17395156.07

**Net Assets:** $5534768831.79

**Cash Not Reported:** $3096491.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000155835 | 9.75%                | 0.07%                | 4.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-88086998.18            | $588186809.94                              |
| Month 2  | $-44930899.39            | $43313516.15                               |
| Month 3  | $-7804535.48             | $225031875.02                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DAIWA HOUSE REIT INVESTMENT CO                 | DAIWA HOUSE REIT INVESTMENT CO                | CUSIP: N/A<br>LEI: 3538001FWU534P8JMO05       | Long             | EC               | CORP              | JP        |     10670 | NS      | $23215083.11  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| AXFOOD AB                                      | AXFOOD AB                                     | CUSIP: N/A<br>LEI: 549300QIXCZWZLHE8L05       | Long             | EC               | CORP              | SE        |    534453 | NS      | $13742580.68  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HANNOVER RUECK SA                              | HANNOVER RUECKVERSICHERUNGS SE(REGD)          | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |    283771 | NS      | $57443005.81  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PAN PACIFIC INTERNATIONAL HOLDINGS LTD         | PAN PACIFIC INTERNATIONAL HOLDINGS LTD        | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               | CORP              | JP        |   2687600 | NS      | $49702158.34  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| SWISSCOM AG                                    | SWISSCOM AG (REG)                             | CUSIP: N/A<br>LEI: 5493005SL9HHOXS3B739       | Long             | EC               | CORP              | CH        |    131865 | NS      | $77779464.77  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND INVESTMENT LTD/SINGAPORE            | CAPITALAND INVESTMENT LTD/SINGAPORE           | CUSIP: N/A<br>LEI: 254900AT4UQDU7SNXX49       | Long             | EC               | CORP              | SG        |  12769300 | NS      | $38686011.63  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| MIZRAHI TEFAHOT BANK LTD                       | MIZRAHI TEFAHOT BANK LTD                      | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | EC               | CORP              | IL        |    441854 | NS      | $14516606.14  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SOHGO SECURITY SERVICES CO LTD                 | SOHGO SECURITY SERVICES CO LTD                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    451000 | NS      | $12416888.54  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIENTAL LAND CO LTD                           | ORIENTAL LAND CO LTD                          | CUSIP: N/A<br>LEI: 353800PIFKBZ6KTU5994       | Long             | EC               | CORP              | JP        |    587700 | NS      | $97922563.18  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SECOM CO LTD                                   | SECOM CO LTD                                  | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |   1116170 | NS      | $66496737.36  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| WAREHOUSES DE PAUW CVA                         | WAREHOUSES DE PAUW SCA                        | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |    603237 | NS      | $19057812.56  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ELISA CORP                                     | ELISA CORP CL A                               | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |    782612 | NS      | $44565775.34  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNZL PLC                                      | BUNZL PLC                                     | CUSIP: N/A<br>LEI: 213800Q1Q9DV4L78UM09       | Long             | EC               | CORP              | GB        |   1702536 | NS      | $62339453.43  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIMANO INC                                    | SHIMANO INC                                   | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |    195300 | NS      | $34828918.84  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| ORANGE                                         | ORANGE                                        | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |   8155013 | NS      | $86302517.40  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| L'OREAL SA                                     | L'OREAL SA ORD                                | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |    228277 | NS      | $94258231.77  | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                              | NATIONAL GRID PLC                             | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   7841647 | NS      | $99690137.05  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVO-NORDISK AS                                | NOVO-NORDISK AS CL B                          | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    842301 | NS      | $116565931.79 | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLREAL HOLDING AG                             | ALLREAL HOLDING AG                            | CUSIP: N/A<br>LEI: 5067006XH174LA44H658       | Long             | EC               | CORP              | CH        |     80394 | NS      | $13751720.81  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORP                              | TOYOTA MOTOR CORP                             | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |       600 | NS      | $8811.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRYG AS                                        | TRYG AS                                       | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |   1872868 | NS      | $42834530.52  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLETREE INDUSTRIAL REIT                      | MAPLETREE INDUSTRIAL REIT                     | CUSIP: N/A<br>LEI: 549300R7WZFHXNKDJF41       | Long             | EC               | CORP              | SG        |  10356395 | NS      | $18821223.62  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                      | ZURICH INSURANCE GROUP AG                     | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |    121120 | NS      | $59897344.37  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO GAS CO LTD                               | TOKYO GAS CO LTD                              | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |   1266000 | NS      | $26509666.39  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOPLAST AS                                   | COLOPLAST AS CL B                             | CUSIP: N/A<br>LEI: 529900NN7SOJ5QG82X67       | Long             | EC               | CORP              | DK        |    617435 | NS      | $74545695.62  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA HUISHAN DAIRY HLD CO LTD                 | China Huishan Dairy HLD Co LTD                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   5145000 | NS      | $6.56         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RELX PLC                                       | RELX PLC                                      | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |   3429741 | NS      | $101893962.72 | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| NAGOYA RAILROAD CO LTD                         | NAGOYA RAILROAD CO LTD                        | CUSIP: N/A<br>LEI: 353800P62OOYUY3I8T51       | Long             | EC               | CORP              | JP        |   1022800 | NS      | $16911854.14  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| DKSH HOLDING AG                                | DKSH HOLDING AG                               | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |    185563 | NS      | $15779442.44  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| POWER ASSETS HLDGS LTD                         | POWER ASSETS HOLDINGS LTD                     | CUSIP: N/A<br>LEI: 254900JOWYUW1ZX4DF47       | Long             | EC               | CORP              | HK        |   7098500 | NS      | $40164504.66  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVARTIS AG                                    | NOVARTIS AG (REG)                             | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |   1179700 | NS      | $106655592.80 | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL LTD                                        | CSL LIMITED                                   | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |    269338 | NS      | $56870874.81  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDING AG                               | ROCHE HOLDINGS AG (GENUSSCHEINE)              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    288686 | NS      | $90119224.83  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| SWISS PRIME SITE AG                            | SWISS PRIME SITE AG                           | CUSIP: N/A<br>LEI: 506700XI9H64OPR34158       | Long             | EC               | CORP              | CH        |    382878 | NS      | $34042893.72  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE CANTONALE VAUDOISE                      | BANQUE CANTONALE VAUDOISE                     | CUSIP: N/A<br>LEI: K1MOBB3OPSBBQO554R76       | Long             | EC               | CORP              | CH        |    147662 | NS      | $14008131.84  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ERICSSON                                       | ERICSSON (LM) TELE CO CL B                    | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |   4807297 | NS      | $27884555.56  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| HERMES INTL SCA                                | HERMES INTERNATIONAL SA                       | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |     13788 | NS      | $25699710.67  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFOLS SA                                     | GRIFOLS                                       | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |   1482351 | NS      | $19539896.90  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND INTEGRATED COMMERCIAL TRUST         | CAPITALAND INTEGRATED COMMERCIAL TRUST        | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |  16270100 | NS      | $26620078.41  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| GALENICA AG                                    | GALENICA SANTE LTD                            | CUSIP: N/A<br>LEI: 506700W4772BD8016Z20       | Long             | EC               | CORP              | CH        |    259893 | NS      | $20297487.17  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                        | GSK PLC                                       | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   5376959 | NS      | $94446491.67  | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| HONG KONG and CHINA GAS CO LTD                 | HONG KONG and CHINA GAS CO LTD                | CUSIP: N/A<br>LEI: 254900P7BETXGC7YU827       | Long             | EC               | CORP              | HK        |  56250015 | NS      | $56476154.67  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK CORPO                                 | SOFTBANK CORP                                 | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |   7673800 | NS      | $87804402.82  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                         | SGS SA                                        | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |     22864 | NS      | $55567886.40  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BEIERSDORF AG                                  | BEIERSDORF AG                                 | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |    510521 | NS      | $62067952.10  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AJINOMOTO CO INC                               | AJINOMOTO CO INC                              | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |   2705500 | NS      | $89196535.17  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LIQUIDE SA                                 | AIR LIQUIDE SA                                | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |    100661 | NS      | $16027860.12  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ORKLA ASA                                      | ORKLA ASA                                     | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |   1991021 | NS      | $14864400.10  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNTORY BEVERAGE and FOOD LTD                  | SUNTORY BEVERAGE and FOOD LTD                 | CUSIP: N/A<br>LEI: 549300FONLMVK7YYYH41       | Long             | EC               | CORP              | JP        |    176500 | NS      | $5960011.27   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SYMRISE AG                                     | SYMRISE AG                                    | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |    649172 | NS      | $69013240.88  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| KERRY GROUP PLC                                | KERRY GROUP PLC CL A                          | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               | CORP              | IE        |    148353 | NS      | $13860571.97  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIBANK PRIVATE LIMITED                       | MEDIBANK PRIVATE LIMITED                      | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               | CORP              | AU        |  13413556 | NS      | $27944249.02  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| KANSAI ELECTRIC POWER CO INC                   | KANSAI ELECTRIC POWER CO INC                  | CUSIP: N/A<br>LEI: 353800PFUKP5ONPJNZ86       | Long             | EC               | CORP              | JP        |   4294300 | NS      | $41298690.23  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDIPAL HLDGS CORP                             | MEDIPAL HOLDINGS CORP                         | CUSIP: N/A<br>LEI: 353800PJDODZEA4NP730       | Long             | EC               | CORP              | JP        |   1092700 | NS      | $14588620.55  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| TREND MICRO INC                                | TREND MICRO INC                               | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |    709400 | NS      | $35125252.35  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| TELENOR ASA                                    | TELENOR AS                                    | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |   1132061 | NS      | $11851111.44  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ELIA GROUP SA/NV                               | ELIA GROUP SA/NV                              | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |    177903 | NS      | $24910853.32  | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| NOVOZYMES A/S                                  | NOVOZYMES A/S B                               | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |    535257 | NS      | $27761367.49  | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| ADVANCE RESIDENCE INVESTMENT CORP              | ADVANCE RESID INV CRP NEW REIT                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      6999 | NS      | $17096883.00  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                      | SHELL PLC                                     | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     97769 | NS      | $2870281.79   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LINDT and SPRUENGLI AG CHOCOLAD                | LINDT and SPRUENGLI AG (REG)                  | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |       696 | NS      | $78228727.47  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SEVEN and I HOLDINGS CO LTD                    | SEVEN and I HOLDINGS CO LTD                   | CUSIP: N/A<br>LEI: 52990037G8JRM3TWGY86       | Long             | EC               | CORP              | JP        |   2012600 | NS      | $95020715.01  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| CHUBU ELECTRIC POWER CO INC                    | CHUBU ELECTRIC POWER CO INC                   | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |   3941000 | NS      | $42448803.43  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| KINTETSU GROUP HOLDINGS CO LTD                 | KINTETSU GROUP HOLDINGS CO LTD                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    991700 | NS      | $32294698.61  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| WOLTERS KLUWER NV                              | WOLTERS KLUWER NV                             | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |    818932 | NS      | $89163737.59  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                | ASTRAZENECA PLC                               | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |    792279 | NS      | $103798488.40 | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX LTD                                        | ASX LTD                                       | CUSIP: N/A<br>LEI: 549300VSBVYUCBIQKT71       | Long             | EC               | CORP              | AU        |   1008413 | NS      | $49346827.85  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI CORP                                      | KDDI CORP                                     | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |    854000 | NS      | $26681910.04  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TELIA CO AB                                    | TELIA CO AB                                   | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |  12754355 | NS      | $32939943.13  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| OTSUKA HOLDINGS CO LTD                         | OTSUKA HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    904560 | NS      | $29018674.34  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN POST HOLDINGS CO LTD                     | JAPAN POST HOLDINGS CO LTD                    | CUSIP: N/A<br>LEI: 5299003D9N4JBS256X18       | Long             | EC               | CORP              | JP        |  11313500 | NS      | $99326450.18  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| SMITH and NEPHEW PLC                           | SMITH and NEPHEW PLC                          | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |   4143735 | NS      | $57226396.00  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RED ELECTRICA CORPORACION SA                   | RED ELECTRICA CORPORACION SA                  | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |   2251408 | NS      | $39749319.65  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE LTD                         | SINGAPORE EXCHANGE LTD                        | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |   4278200 | NS      | $30133593.17  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| CANON INC                                      | CANON INC                                     | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |   1868200 | NS      | $41459751.22  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| GIVAUDAN SA                                    | GIVAUDAN AG                                   | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |     28120 | NS      | $90794888.04  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE TELEKOM AG                            | DEUTSCHE TELEKOM AG (REGD)                    | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   2436105 | NS      | $54273481.40  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| UST BILLS                                      | UST BILLS 0% 06/29/2023                       | CUSIP: 912796ZR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2900000 | PA      | $2845555.20   | 0.05%             | 2023-06-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EXPERIAN PLC                                   | EXPERIAN PLC                                  | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |   2130277 | NS      | $77903176.08  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| HANKYU HANSHIN HOLDINGS INC                    | HANKYU HANSHIN HOLDINGS INC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1219140 | NS      | $36235818.45  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| LINK REIT                                      | LINK REAL ESTATE INVESTMENT TR                | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |   8056229 | NS      | $64485017.48  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NANKAI ELECTRIC RAILWAY CO LTD                 | NANKAI ELECTRIC RAILWY CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    589900 | NS      | $12818305.31  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| OSAKA GAS CO LTD                               | OSAKA GAS CO LTD                              | CUSIP: N/A<br>LEI: 353800024KMNOPQRWZ02       | Long             | EC               | CORP              | JP        |   2102560 | NS      | $33928769.71  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ADMIRAL GROUP PLC                              | ADMIRAL GROUP PLC                             | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |   1419276 | NS      | $38494596.95  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP HOLDINGS LTD                               | CLP HLDGS LTD                                 | CUSIP: N/A<br>LEI: 25490002BUTSMP94GO68       | Long             | EC               | CORP              | HK        |   8667000 | NS      | $64395222.17  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN REAL ESTATE INVEST CORP                  | JAPAN REAL ESTATE INVESTMENT                  | CUSIP: N/A<br>LEI: 3538003YAIR3CBGJJ928       | Long             | EC               | CORP              | JP        |      6985 | NS      | $29948120.70  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| DIRECT LINE INSURANCE GROUP PL C               | DIRECT LINE INSURANCE GRP PLC                 | CUSIP: N/A<br>LEI: 213800FF2R23ALJQOP04       | Long             | EC               | CORP              | GB        |   6793108 | NS      | $14861230.16  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                   | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  17350606 | NS      | $17354076.08  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                   | GAZTRANSPORT ET TECHNIGA                      | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |    113909 | NS      | $12569371.18  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE TECH ENGINEERING LTD                 | SINGAPORE TECH ENGINEERING LTD                | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |   8095100 | NS      | $22759721.47  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJIFILM HLDGS CORP                            | FUJIFILM HOLDINGS CORP                        | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |   1572110 | NS      | $83197925.10  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| TOBU RAILWAY CO LTD                            | TOBU RAILWAY CO LTD                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1091200 | NS      | $25602955.08  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP SWISS PROPERTY AG                          | PSP SWISS PROPERTY AG                         | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |    238214 | NS      | $29636891.97  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD                  | JARDINE MATHESON HLD                          | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | BM        |   1264076 | NS      | $67192703.12  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CHR HANSEN HOLDING AS                          | CHRISTIAN HANSEN HOLDING SA                   | CUSIP: N/A<br>LEI: 549300MKPW8ZF3E8MW37       | Long             | EC               | CORP              | DK        |    534657 | NS      | $39348979.96  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAGEO PLC                                     | DIAGEO PLC                                    | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |   2260287 | NS      | $98833558.21  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| MTR CORP LTD                                   | MTR CORPORATION LTD                           | CUSIP: N/A<br>LEI: 254900IH4U9NHH9AQM97       | Long             | EC               | CORP              | HK        |   8055871 | NS      | $43111085.50  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| SKYLARK HOLDINGS CO LTD                        | SKYLARK CO LTD                                | CUSIP: N/A<br>LEI: 353800P64XSC0Q9CEB70       | Long             | EC               | CORP              | JP        |   1184200 | NS      | $14093016.31  | 0.25%             |  |  |  | No            |                  2 | On Loan: —       |
| HANG SENG BANK LTD                             | HANG SENG BANK LTD                            | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |   3778300 | NS      | $62920860.82  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                   | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  16660296 | NS      | $16661962.02  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG                             | DEUTSCHE BOERSE AG                            | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |    520679 | NS      | $93171498.35  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SEGA SAMMY HLDINGS INC                         | SEGA SAMMY HOLDINGS INC                       | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51       | Long             | EC               | CORP              | JP        |    534600 | NS      | $8465129.58   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZE NV                  | KONINKLIJKE AHOLD DELHAIZE NV                 | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |   2942759 | NS      | $87832438.23  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SEKISUI HOUSE LTD                              | SEKISUI HOUSE LTD                             | CUSIP: N/A<br>LEI: 529900GMNDOYQSAJAE76       | Long             | EC               | CORP              | JP        |   1153900 | NS      | $21807855.70  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPLAND ASCENDAS REIT                          | CAPLAND ASCENDAS REIT                         | CUSIP: N/A<br>LEI: 549300ILIBAEMQZK3L20       | Long             | EC               | CORP              | SG        |  17475399 | NS      | $38456902.01  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| PROSUS NV                                      | PROSUS NV                                     | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |   1248661 | NS      | $100823459.61 | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| INSURANCE AUSTRALIA GROUP LTD                  | INSURANCE AUSTRALIA GROUP LTD                 | CUSIP: N/A<br>LEI: 549300PFEWKNHRG25N08       | Long             | EC               | CORP              | AU        |    114906 | NS      | $399042.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON BUILDING FUND INC                       | NIPPON BUILDING FUND INC                      | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        |      8337 | NS      | $36435724.99  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE FUTURES US                                 | MSCI EAFE FUT MAR23 MFSH3                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       487 | NC      | $2593558.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA | RECORDATI SPA                                 | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |    521371 | NS      | $22746024.39  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                   | UNILEVER PLC ORD                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   1753960 | NS      | $89275021.97  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON PROLOGIS INC                            | NIPPON PROLOGIS INC                           | CUSIP: N/A<br>LEI: 353800PHBMSDLAFURY41       | Long             | EC               | CORP              | JP        |     13024 | NS      | $29553302.07  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE SA                                      | NESTLE SA (REG)                               | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |    885480 | NS      | $108036580.39 | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON TELEGRAPH and TELEPHONE CORP            | NIPPON TELEGRAPH and TELEPHONE                | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |   3009096 | NS      | $90229320.39  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| KYUSHU RAILWAY COMPANY                         | KYUSHU RAILWAY COMPANY                        | CUSIP: N/A<br>LEI: 5299002CCI6HLWAN3K50       | Long             | EC               | CORP              | JP        |    818200 | NS      | $18341314.12  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI                                         | SANOFI                                        | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |   1109209 | NS      | $108618708.52 | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                      | TOKIO MARINE HOLDINGS INC                     | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |   4520200 | NS      | $94674294.11  | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL JAPAN RAILWAY CO                       | CENTRAL JAPAN RAILWAY CO                      | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |    338080 | NS      | $41237224.79  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| MCDONALDS HLDGS CO (JAPAN) LTD                 | MCDONALDS HOLDINGS CO(JAPAN)                  | CUSIP: N/A<br>LEI: 529900FY9FV0AYNRC729       | Long             | EC               | CORP              | JP        |    449100 | NS      | $17742763.93  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

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

**Signature:** Laura M. Del Prato

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

**Title:** President and Treasurer