# EDGAR Filing Document

**Accession Number:** 0000927384
**File Stem:** 0001752724-23-035001
**Filing Date:** 2023-2
**Character Count:** 41594
**Document Hash:** f79e404d578ba48cf79d934fcb870646
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035001.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035001

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS FUND III
- **CENTRAL INDEX KEY:** 0000927384
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07205
- **FILM NUMBER:** 23657043

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** VIP Value Strategies Portfolio

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

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

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $658711256.07

**Total Liabilities:** $11516672.20

**Net Assets:** $647194583.87

**Cash Not Reported:** $22208.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021046 | 12.96%               | 6.34%                | -5.16%               |
| Class ID C000021048 | 12.99%               | 6.28%                | -5.22%               |
| Class ID C000021049 | 13.01%               | 6.26%                | -5.17%               |
| Class ID C000021047 | 13.02%               | 6.30%                | -5.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3714105.89             | $78398064.24                               |
| Month 2  | $2515695.57              | $37066006.25                               |
| Month 3  | $233834.31               | $-36641424.99                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEMPUR SEALY INTERNATIONAL INC             | TEMPUR SEALY INTERNATIONAL INC                | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    191700 | NS      | $6581061.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC                                   | EBAY INC                                      | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    121500 | NS      | $5038605.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5800 | NS      | $3799174.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                                   | AES CORP                                      | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    333300 | NS      | $9585708.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HLDGS INC                          | ONEMAIN HOLDINGS INC                          | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    130700 | NS      | $4353617.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                     | ARCH CAPITAL GROUP LTD                        | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |    129500 | NS      | $8130010.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORP DEL               | UNITED THERAPEUTICS CORP DEL                  | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     23900 | NS      | $6646351.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HF SINCLAIR CORP                           | HF SINCLAIR CORP                              | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101600 | NS      | $5272024.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP NEW                           | ENTERGY CORP                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     67700 | NS      | $7616250.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KOHLS CORP                                 | KOHLS CORP                                    | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     86300 | NS      | $2179075.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION INC               | ADTALEM GLOBAL EDUCATION INC                  | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |    149411 | NS      | $5304090.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MANPOWERGROUP INC                          | MANPOWERGROUP INC                             | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     81300 | NS      | $6764973.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISON HOME CORP                  | TAYLOR MORRISON HOME CORP                     | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    106800 | NS      | $3241380.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP                               | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |    136700 | NS      | $8960685.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC/NC           | FIRST CITIZENS BANCSHARES INC CL A            | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      8200 | NS      | $6218552.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                      | LUMENTUM HOLDINGS INC                         | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     59300 | NS      | $3093681.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTROCK CO                                | WESTROCK CO                                   | CUSIP: 96145D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88300 | NS      | $3104628.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                     | JONES LANG LASALLE INC                        | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     47500 | NS      | $7570075.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EAGLE OUTFITTERS INC              | AMERICAN EAGLE OUTFITTERS INC                 | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    468002 | NS      | $6533307.92   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| CONSTELLIUM SE                             | CONSTELLIUM SE CL A                           | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |    376100 | NS      | $4449263.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC               | APOLLO GLOBAL MANAGEMENT INC                  | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136100 | NS      | $8681819.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                  | CUBESMART                                     | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225400 | NS      | $9072350.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                   | FLEX LTD                                      | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |    468800 | NS      | $10060448.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCELORMITTAL SA LUXEMBOURG                | ARCELORMITTAL CL A SPN GDR (NY REG)           | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |    148800 | NS      | $3901536.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DARLING INGREDIENTS INC                    | DARLING INGREDIENTS INC                       | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    141563 | NS      | $8860428.17   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKS CO                                  | BRINKS CO                                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |    101500 | NS      | $5451565.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP                         | REGAL REXNORD CORP                            | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     56500 | NS      | $6778870.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I GLASS INC                              | O-I GLASS INC                                 | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    284600 | NS      | $4715822.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMO WATER CORP                           | PRIMO WATER CORP                              | CUSIP: 74167P108<br>LEI: 5493005TMUI9D3MY9I37 | Long             | EC               | CORP              | CA        |    366200 | NS      | $5690748.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                  | CAESARS ENTERTAINMENT INC                     | CUSIP: 12769G100<br>LEI: 5299000BKFWWVND5L441 | Long             | EC               | CORP              | US        |    110600 | NS      | $4600960.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA CORP                                 | CIGNA CORP                                    | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     35600 | NS      | $11795704.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPRI HOLDINGS LTD                         | CAPRI HOLDINGS LTD                            | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |     75300 | NS      | $4316196.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                           | FIRSTENERGY CORP                              | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    110400 | NS      | $4630176.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN HOLDINGS INC                         | CROWN HOLDINGS INC                            | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     71300 | NS      | $5861573.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN and WAKEFIELD PLC                  | CUSHMAN and WAKEFIELD PLC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    771500 | NS      | $9612890.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ADIENT PLC                                 | ADIENT PLC                                    | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | IE        |    140700 | NS      | $4880883.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORP                               | VONTIER CORP W/I                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    234800 | NS      | $4538684.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE HOLDINGS CO                          | CRANE HOLDINGS CO                             | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     51900 | NS      | $5213355.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON CO                             | HALLIBURTON CO                                | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    307500 | NS      | $12100125.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI INTERNATIONAL INC                      | TFI INTERNATIONAL INC                         | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     54200 | NS      | $5428406.20   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| U-HAUL HOLDING CO                          | U-HAUL HOLDING CO                             | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     32865 | NS      | $1806917.70   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORP                              | WESTLAKE CORP                                 | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     48800 | NS      | $5003952.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING PLC           | SENSATA TECHNOLOGIES HOLDING PLC              | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | GB        |    115900 | NS      | $4680042.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC           | REINSURANCE GROUP OF AMERICA                  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     29205 | NS      | $4149738.45   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BEACON ROOFING SUPPLY INC                  | BEACON ROOFING SUPPLY INC                     | CUSIP: 073685109<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |    100600 | NS      | $5310674.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS CORP                                  | HESS CORP                                     | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     94300 | NS      | $13373626.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                              | PG and E CORP                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    847600 | NS      | $13781976.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR CORPORATION NEW                        | NCR CORP                                      | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    183300 | NS      | $4291053.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| METHANEX CORP                              | METHANEX CORP                                 | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |    118400 | NS      | $4482624.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| VALARIS LTD                                | VALARIS LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     41500 | NS      | $2806230.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                                   | SLM CORP                                      | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    421500 | NS      | $6996900.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRONOX HOLDINGS PLC                        | TRONOX HOLDINGS PLC                           | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | GB        |    238000 | NS      | $3262980.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INC                   | GRANITE CONSTRUCTION INC                      | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |    142100 | NS      | $4983447.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                    | NEXSTAR MEDIA GROUP INC                       | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     15700 | NS      | $2747971.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TOURMALINE OIL CORP                        | TOURMALINE OIL CORP                           | CUSIP: 89156V106<br>LEI: 549300EWGW5PUCV5A109 | Long             | EC               | CORP              | CA        |    138300 | NS      | $6978327.92   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERPUBLIC GROUP OF COS INC               | INTERPUBLIC GROUP OF COS INC                  | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    117900 | NS      | $3927249.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLNEX TELECOM SAU                        | CELLNEX TELECOM SAU                           | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    144500 | NS      | $4793246.01   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC | FIDELITY NATL INFORM SVCS INC                 | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     95100 | NS      | $6452535.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIFF DAVIS INC                             | ZIFF DAVIS INC                                | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     42900 | NS      | $3393390.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                       | FREEPORT MCMORAN INC                          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    117700 | NS      | $4472600.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| WALKER and DUNLOP INC                      | WALKER and DUNLOP INC                         | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63400 | NS      | $4975632.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAPTHEALTH CORP                           | ADAPTHEALTH CORP                              | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    240700 | NS      | $4626254.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HLDGS INC                     | SALLY BEAUTY HLDGS INC                        | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    207900 | NS      | $2602908.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LAZARD LTD                                 | LAZARD LTD CL A                               | CUSIP: N/A<br>LEI: 254900RIBCDJSUFG1A11       | Long             | EC               | CORP              | BM        |    150814 | NS      | $5228721.38   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| OLIN CORP                                  | OLIN CORP                                     | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    125201 | NS      | $6628140.94   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RENT-A-CENTER INC/TX                       | RENT A CTR INC                                | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    121900 | NS      | $2748845.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC                 | LPL FINL HLDGS INC                            | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     44000 | NS      | $9511480.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNATURE BK NEW YORK NY                   | SIGNATURE BANK                                | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |     62100 | NS      | $7155162.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UNISYS CORP                                | UNISYS CORP NEW                               | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |    330077 | NS      | $1686693.47   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WEWORK INC                                 | WEWORK INC CL A                               | CUSIP: 96209A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    540500 | NS      | $772915.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| FLUOR CORP NEW                             | FLUOR CORP                                    | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    258000 | NS      | $8942280.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                      | TENET HEALTHCARE CORP                         | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    103500 | NS      | $5049765.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL INC                                 | MATTEL INC                                    | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    190300 | NS      | $3394952.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust               | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1879441 | NS      | $1879816.56   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                            | DOLLAR TREE INC                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     45600 | NS      | $6449664.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LITHIA MOTORS INC                          | LITHIA MOTORS INC CL A                        | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     17200 | NS      | $3521528.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| CONSTELLATION ENERGY CORP                  | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93533 | NS      | $8063479.93   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNAMETAL INC                             | KENNAMETAL INC                                | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    258500 | NS      | $6219510.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD                 | AXALTA COATING SYSTEMS LTD                    | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | BM        |    189500 | NS      | $4826565.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                   | BUILDERS FIRSTSOURCE                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    134700 | NS      | $8739336.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC                          | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     52200 | NS      | $9786978.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HLDGS INC             | ALLISON TRANSMISSION HLDGS INC                | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    119900 | NS      | $4987840.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                 | FEDEX CORP                                    | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     32100 | NS      | $5559720.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                       | EDISON INTL                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    112900 | NS      | $7182698.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP INC                    | MDU RESOURCES GROUP INC                       | CUSIP: 552690109<br>LEI: 0T6SBMK3JTBI1JR36794 | Long             | EC               | CORP              | US        |    172300 | NS      | $5227582.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE MATLS INC                            | EAGLE MATERIALS INC                           | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     24800 | NS      | $3294680.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD             | CANADIAN NATL RESOURCES LTD                   | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    310700 | NS      | $17253717.13  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES INC            | EQUITY LIFESTYLE PPTYS INC                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    102100 | NS      | $6595660.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA PACIFIC CORP                     | LOUISIANA PACIFIC CORP                        | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     84500 | NS      | $5002400.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust               | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  11007841 | NS      | $11008942.07  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLSCOT MOBILE MINI HOLDINGS CORP         | WILLSCOT MOBILE MINI HOLDINGS CORP            | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    172800 | NS      | $7805376.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORIA'S SECRET and CO                   | VICTORIA'S SECRET and CO                      | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    164900 | NS      | $5900122.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                               | ASSURANT INC                                  | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     57800 | NS      | $7228468.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP DEL                           | CENTENE CORP                                  | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     81800 | NS      | $6708418.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                                    | XPO INC                                       | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    132400 | NS      | $4407596.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNEOS HEALTH INC                          | SYNEOS HEALTH INC                             | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |     76300 | NS      | $2798684.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWSERVE CORP                             | FLOWSERVE CORP                                | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    260100 | NS      | $7979868.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDSTROM INC                              | NORDSTROM INC                                 | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               | CORP              | US        |    101900 | NS      | $1644666.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| LIBERTY ENERGY INC                         | LIBERTY ENERGY INC CL A                       | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    236204 | NS      | $3781626.04   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO INC                                    | RXO INC                                       | CUSIP: 74982T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136000 | NS      | $2339200.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCONIC CORP                               | ARCONIC CORP                                  | CUSIP: 03966V107<br>LEI: 549300B4YFWH3U74B152 | Long             | EC               | CORP              | US        |    315700 | NS      | $6680212.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MOHAWK INDUSTRIES INC                      | MOHAWK INDUSTRIES INC                         | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     37702 | NS      | $3853898.44   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP                      | US FOODS HOLDING CORP                         | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    251600 | NS      | $8559432.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EAST WEST BANCORP INC                      | EAST WEST BANCORP INC                         | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159800 | NS      | $10530820.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINL GROUP INC OHIO               | AMERICAN FINL GROUP INC OHIO                  | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     33000 | NS      | $4530240.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                | VISTRA CORP                                   | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    201300 | NS      | $4670160.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINL INC                        | AMERIPRISE FINANCIAL INC                      | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     31500 | NS      | $9808155.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SS and C TECHNOLOGIES HLDGS INC            | SS and C TECHNOLOGIES HOLDINGS INC            | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    103200 | NS      | $5372592.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PLC                   | JAZZ PHARMA PLC                               | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |     47000 | NS      | $7487570.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                               | PROLOGIS INC REIT                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     43747 | NS      | $4931599.31   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOLIV INC                                | AUTOLIV INC                                   | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |     48900 | NS      | $3744762.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer