# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-004099
**Filing Date:** 2026-6
**Character Count:** 67623
**Document Hash:** 91c26e18bb2a624a766e7e53dfa84531
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-004099.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000035402-26-004099

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 261127115

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

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

## Series and Classes Contracts Data

### Fidelity Momentum Factor ETF (Series ID: S000054752)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000171933 | Fidelity Momentum Factor ETF | FDMO            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Momentum Factor ETF**

**April 30, 2026**

T21-NPRT3-0626

1.9880056.109 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 96.8%** | &nbsp;&nbsp;**Common Stocks - 96.8%** | &nbsp;&nbsp;**Common Stocks - 96.8%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Anglogold Ashanti Plc  | 19025 | 1783213 |
| UNITED KINGDOM - 0.3%  |  |  |
| Energy - 0.3% |  |  |
| Energy Equipment & Services - 0.3% |  |  |
| TechnipFMC PLC  | 30927 | 2337153 |
| UNITED STATES - 96.3%  |  |  |
| Communication Services - 9.7% |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |
| AST SpaceMobile Inc Class A (b)(c) | 31510 | 2328589 |
| Entertainment - 0.9% |  |  |
| Electronic Arts Inc  | 18169 | 3676860 |
| Warner Bros Discovery Inc (b) | 141698 | 3832931 |
|  |  | 7509791 |
| Interactive Media & Services - 8.1% |  |  |
| Alphabet Inc Class A  | 131502 | 50601970 |
| Meta Platforms Inc Class A  | 30488 | 18655912 |
|  |  | 69257882 |
| Media - 0.4% |  |  |
| New York Times Co/The Class A  | 44790 | 3539754 |
| TOTAL COMMUNICATION SERVICES |  | 82636016 |
| Consumer Discretionary - 9.5% |  |  |
| Automobiles - 2.7% |  |  |
| Ford Motor Co  | 274358 | 3314244 |
| General Motors Co  | 50555 | 3887174 |
| Tesla Inc (b) | 41733 | 15926565 |
|  |  | 23127983 |
| Broadline Retail - 4.1% |  |  |
| Amazon.com Inc (b) | 130162 | 34500740 |
| Specialty Retail - 2.2% |  |  |
| Carvana Co Class A (b) | 10147 | 4016183 |
| Five Below Inc (b) | 18244 | 4299381 |
| TJX Cos Inc/The  | 34133 | 5350348 |
| Ulta Beauty Inc (b) | 5261 | 2827682 |
| Wayfair Inc Class A (b) | 38280 | 2447240 |
|  |  | 18940834 |
| Textiles, Apparel & Luxury Goods - 0.5% |  |  |
| Tapestry Inc  | 27932 | 4051257 |
| TOTAL CONSUMER DISCRETIONARY |  | 80620814 |
| Consumer Staples - 4.2% |  |  |
| Beverages - 1.6% |  |  |
| Celsius Holdings Inc (b) | 42131 | 1414337 |
| Coca-Cola Co/The  | 72026 | 5672768 |
| Monster Beverage Corp (b) | 33296 | 2566123 |
| PepsiCo Inc  | 27589 | 4372581 |
|  |  | 14025809 |
| Consumer Staples Distribution & Retail - 1.9% |  |  |
| Casey's General Stores Inc  | 3552 | 2920277 |
| Dollar General Corp  | 14821 | 1717457 |
| Dollar Tree Inc (b) | 17675 | 1716419 |
| Walmart Inc  | 68359 | 9018603 |
|  |  | 15372756 |
| Personal Care Products - 0.2% |  |  |
| Estee Lauder Cos Inc/The Class A  | 18263 | 1400955 |
| Tobacco - 0.5% |  |  |
| Philip Morris International Inc  | 28274 | 4667189 |
| TOTAL CONSUMER STAPLES |  | 35466709 |
| Energy - 3.1% |  |  |
| Oil, Gas & Consumable Fuels - 3.1% |  |  |
| Chevron Corp  | 29768 | 5754452 |
| DT Midstream Inc  | 12284 | 1817909 |
| Exxon Mobil Corp  | 59317 | 9154393 |
| Marathon Petroleum Corp  | 10499 | 2606797 |
| Uranium Energy Corp (b)(c) | 94525 | 1407476 |
| Valero Energy Corp  | 10776 | 2721802 |
| Williams Cos Inc/The  | 35005 | 2671232 |
| TOTAL ENERGY |  | 26134061 |
| Financials - 11.4% |  |  |
| Banks - 4.0% |  |  |
| Bank of America Corp  | 140956 | 7535508 |
| Citigroup Inc  | 50923 | 6517126 |
| JPMorgan Chase & Co  | 43186 | 13527151 |
| Wells Fargo & Co  | 73361 | 6032475 |
|  |  | 33612260 |
| Capital Markets - 3.6% |  |  |
| Affiliated Managers Group Inc  | 11301 | 3330066 |
| Bank of New York Mellon Corp/The  | 37565 | 5047609 |
| Charles Schwab Corp/The  | 52321 | 4794696 |
| Goldman Sachs Group Inc/The  | 7427 | 6860840 |
| Morgan Stanley  | 34230 | 6523896 |
| Robinhood Markets Inc Class A (b) | 52706 | 3841740 |
|  |  | 30398847 |
| Consumer Finance - 1.4% |  |  |
| American Express Co  | 16153 | 5218227 |
| Capital One Financial Corp  | 21684 | 4148149 |
| SoFi Technologies Inc Class A (b)(c) | 182243 | 2934112 |
|  |  | 12300488 |
| Financial Services - 1.6% |  |  |
| Berkshire Hathaway Inc Class B (b) | 28312 | 13408563 |
| Insurance - 0.8% |  |  |
| Lemonade Inc (b)(c) | 48207 | 2730444 |
| Travelers Companies Inc/The  | 13634 | 4160279 |
|  |  | 6890723 |
| TOTAL FINANCIALS |  | 96610881 |
| Health Care - 8.5% |  |  |
| Biotechnology - 3.9% |  |  |
| Arrowhead Pharmaceuticals Inc (b) | 77195 | 5672289 |
| Bridgebio Pharma Inc (b) | 69926 | 4972438 |
| Insmed Inc (b) | 36043 | 4913742 |
| Ionis Pharmaceuticals Inc (b) | 60813 | 4546380 |
| Protagonist Therapeutics Inc (b) | 62124 | 6148412 |
| Roivant Sciences Ltd (b) | 241247 | 6882777 |
|  |  | 33136038 |
| Health Care Equipment & Supplies - 0.6% |  |  |
| IDEXX Laboratories Inc (b) | 8592 | 4818393 |
| Health Care Providers & Services - 0.6% |  |  |
| HCA Healthcare Inc  | 11897 | 5168652 |
| Pharmaceuticals - 3.4% |  |  |
| Elanco Animal Health Inc (b)(c) | 213859 | 4784026 |
| Eli Lilly & Co  | 13960 | 13047016 |
| Johnson & Johnson  | 49928 | 11475951 |
|  |  | 29306993 |
| TOTAL HEALTH CARE |  | 72430076 |
| Industrials - 10.9% |  |  |
| Aerospace & Defense - 4.0% |  |  |
| Boeing Co (b) | 21435 | 4909258 |
| GE Aerospace  | 21755 | 6307427 |
| General Dynamics Corp  | 10489 | 3611363 |
| Howmet Aerospace Inc  | 18769 | 4561618 |
| Kratos Defense & Security Solutions Inc (b) | 33813 | 2131909 |
| Rocket Lab Corp  | 45931 | 3789767 |
| RTX Corp  | 30810 | 5424717 |
| Woodward Inc  | 8563 | 3108283 |
|  |  | 33844342 |
| Building Products - 0.5% |  |  |
| Johnson Controls International plc  | 28134 | 4108408 |
| Construction & Engineering - 1.9% |  |  |
| Argan Inc  | 8457 | 5666021 |
| Comfort Systems USA Inc  | 3122 | 5745261 |
| Sterling Infrastructure Inc (b) | 8434 | 4348738 |
|  |  | 15760020 |
| Electrical Equipment - 3.0% |  |  |
| Bloom Energy Corp Class A (b) | 22603 | 6404786 |
| GE Vernova Inc  | 7144 | 7740239 |
| Nextpower Inc Class A (b) | 26663 | 3176363 |
| Sunrun Inc (b) | 141565 | 1802122 |
| Vertiv Holdings Co Class A  | 20740 | 6812883 |
|  |  | 25936393 |
| Ground Transportation - 0.5% |  |  |
| Uber Technologies Inc (b) | 61793 | 4610376 |
| Machinery - 1.0% |  |  |
| Caterpillar Inc  | 9679 | 8615375 |
| TOTAL INDUSTRIALS |  | 92874914 |
| Information Technology - 33.2% |  |  |
| Communications Equipment - 1.1% |  |  |
| Lumentum Holdings Inc (b) | 10824 | 9766712 |
| Electronic Equipment, Instruments & Components - 1.8% |  |  |
| Amphenol Corp Class A  | 49607 | 7305623 |
| TTM Technologies Inc (b) | 49634 | 7853091 |
|  |  | 15158714 |
| Semiconductors & Semiconductor Equipment - 16.4% |  |  |
| Advanced Micro Devices Inc (b) | 42544 | 15081423 |
| Broadcom Inc  | 71147 | 29698892 |
| KLA Corp  | 5114 | 8951290 |
| Lam Research Corp  | 37385 | 9640096 |
| Micron Technology Inc  | 25665 | 13272911 |
| NVIDIA Corp  | 312672 | 62399951 |
|  |  | 139044563 |
| Software - 5.6% |  |  |
| Microsoft Corp  | 96929 | 39525708 |
| Palantir Technologies Inc Class A (b) | 60557 | 8424084 |
|  |  | 47949792 |
| Technology Hardware, Storage & Peripherals - 8.3% |  |  |
| Apple Inc  | 189989 | 51553515 |
| Seagate Technology Holdings PLC  | 13770 | 9276023 |
| Western Digital Corp  | 21433 | 9313067 |
|  |  | 70142605 |
| TOTAL INFORMATION TECHNOLOGY |  | 282062386 |
| Materials - 1.6% |  |  |
| Construction Materials - 0.3% |  |  |
| CRH PLC  | 17732 | 2099824 |
| Martin Marietta Materials Inc  | 2234 | 1383002 |
|  |  | 3482826 |
| Metals & Mining - 1.3% |  |  |
| Coeur Mining Inc (b) | 75962 | 1365037 |
| Freeport-McMoRan Inc  | 38911 | 2248278 |
| Hecla Mining Co  | 69338 | 1249470 |
| Newmont Corp  | 25109 | 2789359 |
| Nucor Corp  | 9975 | 2247268 |
| Royal Gold Inc  | 5945 | 1387444 |
|  |  | 11286856 |
| TOTAL MATERIALS |  | 14769682 |
| Real Estate - 2.0% |  |  |
| Health Care REITs - 1.0% |  |  |
| American Healthcare REIT Inc  | 21206 | 1076841 |
| CareTrust REIT Inc  | 25405 | 1002227 |
| Omega Healthcare Investors Inc  | 20438 | 959972 |
| Ventas Inc  | 17231 | 1513916 |
| Welltower Inc  | 13311 | 2893013 |
|  |  | 7445969 |
| Industrial REITs - 0.3% |  |  |
| Prologis Inc  | 18012 | 2558064 |
| Real Estate Management & Development - 0.2% |  |  |
| CBRE Group Inc Class A (b) | 8016 | 1144124 |
| Jones Lang LaSalle Inc (b) | 2969 | 944528 |
|  |  | 2088652 |
| Retail REITs - 0.3% |  |  |
| Realty Income Corp  | 19040 | 1223129 |
| Simon Property Group Inc  | 8301 | 1690997 |
|  |  | 2914126 |
| Specialized REITs - 0.2% |  |  |
| Digital Realty Trust Inc  | 8636 | 1735318 |
| TOTAL REAL ESTATE |  | 16742129 |
| Utilities - 2.2% |  |  |
| Electric Utilities - 1.5% |  |  |
| American Electric Power Co Inc  | 16854 | 2310852 |
| Constellation Energy Corp  | 8819 | 2760347 |
| Entergy Corp  | 19054 | 2246657 |
| NextEra Energy Inc  | 40359 | 3950339 |
| NRG Energy Inc  | 10955 | 1704379 |
|  |  | 12972574 |
| Gas Utilities - 0.2% |  |  |
| Atmos Energy Corp  | 9174 | 1742877 |
| Independent Power and Renewable Electricity Producers - 0.5% |  |  |
| AES Corp/The  | 91859 | 1327363 |
| Ormat Technologies Inc  | 11233 | 1290671 |
| Talen Energy Corp (b) | 4569 | 1701587 |
|  |  | 4319621 |
| TOTAL UTILITIES |  | 19035072 |
| TOTAL UNITED STATES |  | 819382740 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $682,330,367) |  | <br> **823503106** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** |
|  | Yield (%) (e) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 5/14/2026 (f)<br>(Cost $39,948)<br>| 3.64 | 40000 | **39948** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 3.6%** | &nbsp;&nbsp;**Money Market Funds - 3.6%** | &nbsp;&nbsp;**Money Market Funds - 3.6%** | &nbsp;&nbsp;**Money Market Funds - 3.6%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g) | 3.69 | 24850986 | 24855956 |
| Fidelity Securities Lending Cash Central Fund (g)(h) | 3.69 | 5862337 | 5862924 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $30,718,880) |  |  | **30718880** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.4%**<br> (Cost $713,089,195)<br>| <br>**854261934** |
| **NET OTHER ASSETS (LIABILITIES) - (0.4)%** (d)  | **(3508296)** |
| **NET ASSETS - 100.0%** | **850753638** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| LONG |  |  |  |  |
| Equity Contracts |  |  |  |  |
| CME E-Mini S&P 500 Index Contracts (United States) | 742 | 6/2026 | 26874313 | 440564 |
| The notional amount of long futures as a percentage of Net Assets is 3.2%. | The notional amount of long futures as a percentage of Net Assets is 3.2%. | The notional amount of long futures as a percentage of Net Assets is 3.2%. | The notional amount of long futures as a percentage of Net Assets is 3.2%. | The notional amount of long futures as a percentage of Net Assets is 3.2%. |

---

**Legend**

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

(b) Non-income producing.

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

(d) Includes $1,752,161 of cash collateral to cover margin requirements for futures contracts.

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

(f) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $39,948.

(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.

At period end, the value of non-cash collateral for securities on loan amounted to $1,155,540.

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 435697 | 52090532 | 27670283 | 46184 | 10 | - | 24855956 | 24850986 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 7911625 | 117877629 | 119926004 | 10764 | (326) | - | 5862924 | 5862337 | 0.0% |
| Total | 8347322 | 169968161 | 147596287 | 56948 | (316) | - | 30718880 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

- **b. EDGAR series identifier (if any):** S000054752

- **c. LEI of Series:** 5493000ZR7LN2ZJHFF04

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $846391150.53

**Total Liabilities:** $4643032.73

**Net Assets:** $841748117.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000171933 | -2.12%               | -4.70%               | 12.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9223448.00              | $-23043966.80                              |
| Month 2  | $-469557.33              | $-30999054.73                              |
| Month 3  | $843753.99               | $90799543.14                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DIGITAL REALTY TRUST INC                  | DIGITAL REALTY TRUST INC                      | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      8544 | NS      | $1716831.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                              | TAPESTRY INC                                  | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     27638 | NS      | $4008615.52   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO                         | GENERAL MOTORS CO                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     50019 | NS      | $3845960.91   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CELSIUS HOLDINGS INC                      | CELSIUS HOLDINGS INC                          | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41687 | NS      | $1399432.59   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP                                  | AES CORP                                      | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     90885 | NS      | $1313288.25   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                 | UST BILLS 0% 05/14/2026                       | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     40000 | PA      | $39948.25     | 0.00%             | 2026-05-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GE VERNOVA INC                            | GE VERNOVA INC                                | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      7068 | NS      | $7657895.28   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                 | APPLE INC                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    187979 | NS      | $51008101.65  | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP NEW                          | ENTERGY CORP                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     18854 | NS      | $2223075.14   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ORMAT TECHNOLOGIES INC                    | ORMAT TECHNOLOGIES INC                        | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     11115 | NS      | $1277113.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| TTM TECHNOLOGIES INC                      | TTM TECHNOLOGIES INC                          | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     49108 | NS      | $7769867.76   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD INC                            | ROYAL GOLD INC                                | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      5881 | NS      | $1372507.78   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES INC                | ADVANCED MICRO DEVICES INC                    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     42092 | NS      | $14921193.08  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                            | AMAZON.COM INC                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    128784 | NS      | $34135487.04  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION NEW                  | AMPHENOL CORPORATION CL A                     | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     49081 | NS      | $7228158.87   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                            | MICROSOFT CORP                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     95905 | NS      | $39108140.90  | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                             | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     13171 | NS      | $2862585.14   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBINHOOD MARKETS INC                     | ROBINHOOD MARKETS INC                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     52150 | NS      | $3801213.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CO                             | FORD MOTOR CO                                 | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    271456 | NS      | $3279188.48   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORP                         | LAM RESEARCH CORP                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     36989 | NS      | $9537983.54   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                     | LUMENTUM HOLDINGS INC                         | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     10710 | NS      | $9663847.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                    | JONES LANG LASALLE INC                        | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2937 | NS      | $934347.81    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)             | GOLDMAN SACHS GROUP INC                       | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      7347 | NS      | $6786938.19   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                | CAPITAL ONE FINANCIAL CORP                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     21454 | NS      | $4104150.20   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                        | META PLATFORMS INC CL A                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     30164 | NS      | $18457653.24  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                                | CARVANA CO CL A                               | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     10039 | NS      | $3973436.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC                            | CBRE GROUP INC - CL A                         | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      7930 | NS      | $1131848.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                        | NEXTERA ENERGY INC                            | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     39931 | NS      | $3908446.28   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP                       | SCHWAB CHARLES CORP                           | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     51769 | NS      | $4744111.16   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK NEW YORK MELLON CORP                 | BANK OF NEW YORK MELLON CORP                  | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     37167 | NS      | $4994129.79   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC                 | PALANTIR TECHNOLOGIES INC                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     59917 | NS      | $8335053.87   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA HEALTHCARE INC                        | HCA HEALTHCARE INC                            | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     11771 | NS      | $5113910.95   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                | VENTAS INC REIT                               | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     17049 | NS      | $1497925.14   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER CO INC            | AMERICAN ELECTRIC POWER CO INC                | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     16674 | NS      | $2286172.14   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                   | COMFORT SYSTEMS USA INC                       | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      3090 | NS      | $5686372.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| COEUR MINING INC                          | COEUR MINING INC                              | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     75158 | NS      | $1350589.26   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP                     | GENERAL DYNAMICS CORPORATION                  | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     10379 | NS      | $3573489.70   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC                       | ELECTRONIC ARTS INC                           | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     17977 | NS      | $3638005.49   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ARROWHEAD PHARMACEUTICALS INC             | ARROWHEAD PHARMACEUTICALS INC                 | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     76377 | NS      | $5612181.96   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORP                         | BLOOM ENERGY CORP CL A                        | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     22365 | NS      | $6337346.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SPACEMOBILE INC                       | AST SPACEMOBILE INC                           | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     31178 | NS      | $2304054.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| WESTERN DIGITAL CORP                      | WESTERN DIGITAL CORP                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     21207 | NS      | $9214865.64   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                        | VERTIV HOLDINGS CO                            | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     20522 | NS      | $6741271.78   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| KRATOS DEFENSE and SECURITY SOLUTIONS INC | KRATOS DEFENSE and SEC SOLTN INC              | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     33457 | NS      | $2109463.85   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER BROS DISCOVERY INC                 | WARNER BROS DISCOVERY INC                     | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    140198 | NS      | $3792355.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB CORP                           | ROCKET LAB CORP                               | CUSIP: 773121108<br>LEI: 254900LNRW7906KUMM93 | Long             | EC               | CORP              | US        |     45443 | NS      | $3749501.93   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                  | RTX CORP                                      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     30482 | NS      | $5366965.74   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                            | NRG ENERGY INC                                | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     10839 | NS      | $1686331.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GEN CORP NEW                       | DOLLAR GENERAL CORP                           | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     14663 | NS      | $1699148.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNRUN INC                                | SUNRUN INC                                    | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    140067 | NS      | $1783052.91   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP                                | NUCOR CORP                                    | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      9869 | NS      | $2223387.01   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC                         | TJX COMPANIES INC NEW                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     33773 | NS      | $5293917.75   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HECLA MINING CO                           | HECLA MINING CO                               | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     68604 | NS      | $1236244.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                                 | TESLA INC                                     | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     41293 | NS      | $15758647.59  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LEMONADE INC                              | LEMONADE INC                                  | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     47697 | NS      | $2701558.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| TECHNIPFMC PLC                            | TECHNIPFMC PLC                                | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |     30599 | NS      | $2312366.43   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                               | WALMART INC                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     67635 | NS      | $8923085.55   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC               | SP500 MIC EMIN FUTJUN26 HWAM6                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |       742 | NC      | $440563.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUDER ESTEE COS INC                      | ESTEE LAUDER COS INC CL A                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     18069 | NS      | $1386072.99   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CARETRUST REIT INC                        | CARETRUST REIT INC                            | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     25135 | NS      | $991575.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW INC                            | FIVE BELOW INC                                | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     18052 | NS      | $4254134.32   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA INC                      | BRIDGEBIO PHARMA INC                          | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     69186 | NS      | $4919816.46   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| VALERO ENERGY CORP                        | VALERO ENERGY CORP                            | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     10662 | NS      | $2693007.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES INC                | CASEY GENERAL STORES                          | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3514 | NS      | $2889035.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT INC              | AMERICAN HEALTHCARE REIT INC                  | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     20982 | NS      | $1065465.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODWARD INC                              | WOODWARD INC                                  | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      8473 | NS      | $3075614.27   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY and CO                          | ELI LILLY and CO                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     13812 | NS      | $12908695.20  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                  | ELANCO ANIMAL HEALTH INC                      | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    211595 | NS      | $4733380.15   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| COCA COLA CO                              | COCA COLA CO                                  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     71262 | NS      | $5612595.12   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                         | TALEN ENERGY CORP                             | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4519 | NS      | $1682965.98   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                      | FREEPORT MCMORAN INC                          | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     38501 | NS      | $2224587.78   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC           | SEAGATE TECHNOLOGY HOLDINGS PLC               | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     13626 | NS      | $9179018.64   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GE AEROSPACE                              | GE AEROSPACE                                  | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     21523 | NS      | $6240163.39   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                              | BROADCOM INC                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     70393 | NS      | $29384149.99  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                           | CATERPILLAR INC                               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      9575 | NS      | $8522803.25   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING INFRASTRUCTURE INC               | STERLING INFRASTRUCTURE INC                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      8346 | NS      | $4303364.52   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                          | WILLIAMS COMPANIES INC                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     34635 | NS      | $2642996.85   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ROIVANT SCIENCES LTD                      | ROIVANT SCIENCES LTD                          | CUSIP: N/A<br>LEI: 549300DL466NY5J6U724       | Long             | EC               | CORP              | BM        |    238693 | NS      | $6809911.29   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                             | CITIGROUP INC                                 | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     50383 | NS      | $6448016.34   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PROTAGONIST THERAPEUTICS INC              | PROTAGONIST THERAPEUTICS INC                  | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61466 | NS      | $6083290.02   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP                   | MARATHON PETROLEUM CORP                       | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     10389 | NS      | $2579484.81   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                   | CRH PLC                                       | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     17544 | NS      | $2077560.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP NEW                 | MONSTER BEVERAGE CORP                         | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     32942 | NS      | $2538839.94   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC DEL                | BERKSHIRE HATHAWAY INC CL B                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     28014 | NS      | $13267430.40  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC           | PHILIP MORRIS INTL INC                        | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     27976 | NS      | $4617998.32   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust              | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  24850986 | NS      | $24855956.03  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                        | REALTY INCOME CORP REIT                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     18838 | NS      | $1210153.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                          | EXXON MOBIL CORP                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     58689 | NS      | $9057473.37   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                     | ANGLOGOLD ASHANTI PLC                         | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     18823 | NS      | $1764279.79   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                           | DOLLAR TREE INC                               | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     17487 | NS      | $1698162.57   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTPOWER INC                             | NEXTPOWER INC                                 | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26379 | NS      | $3142530.27   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC             | AFFILIATED MANAGERS GRP INC                   | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     11181 | NS      | $3294705.27   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP                 | CONSTELLATION ENERGY CORP                     | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      8725 | NS      | $2730925.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS INC             | MARTIN MARIETTA MATERIALS INC                 | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      2210 | NS      | $1368144.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP NEW                          | CHEVRON CORP                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29452 | NS      | $5693366.12   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                                  | KLA CORP                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5060 | NS      | $8856771.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                                 | BOEING CO                                     | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     21207 | NS      | $4857039.21   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES INC                    | IDEXX LABS INC                                | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      8500 | NS      | $4766800.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP                         | ATMOS ENERGY CORP                             | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      9076 | NS      | $1724258.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC                      | HOWMET AEROSPACE INC                          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     18571 | NS      | $4513495.84   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS INC                         | TRAVELERS COMPANIES INC                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     13488 | NS      | $4115728.32   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | MORGAN STANLEY                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     33866 | NS      | $6454520.94   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                     | MICRON TECHNOLOGY INC                         | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     25395 | NS      | $13133278.20  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust              | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   4542394 | NS      | $4542848.70   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                               | NVIDIA CORP                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    309364 | NS      | $61739773.48  | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                     | JPMORGAN CHASE and CO                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     42730 | NS      | $13384317.90  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                        | WELLS FARGO and CO                            | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     72585 | NS      | $5968664.55   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION               | BANK OF AMERICA CORPORATION                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    139466 | NS      | $7455852.36   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC                               | WAYFAIR INC                                   | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |     37874 | NS      | $2421284.82   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| INSMED INC                                | INSMED INC                                    | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     35661 | NS      | $4861664.13   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC            | OMEGA HEALTHCARE INVESTORS INC                | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     20220 | NS      | $949733.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                               | PEPSICO INC                                   | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     27299 | NS      | $4326618.51   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGAN INC                                 | ARGAN INC                                     | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      8369 | NS      | $5607062.62   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP INC                  | SIMON PPTY GROUP INC - REIT                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      8213 | NS      | $1673070.23   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON and JOHNSON                       | JOHNSON and JOHNSON                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     49398 | NS      | $11354130.30  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| URANIUM ENERGY CORP                       | URANIUM ENERGY CORP                           | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |     93525 | NS      | $1392587.25   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| JOHNSON CONTROLS INTERNATIONAL PLC        | JOHNSON CONTROLS INTERNATIONAL PLC            | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |     27838 | NS      | $4065183.14   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK TIMES CO                         | NEW YORK TIMES CO CL A                        | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     44316 | NS      | $3502293.48   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO                       | AMERICAN EXPRESS CO                           | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     15983 | NS      | $5163308.15   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                              | PROLOGIS INC REIT                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     17822 | NS      | $2531080.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS INC                 | IONIS PHARMACEUTICALS INC                     | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     60169 | NS      | $4498234.44   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                              | ALPHABET INC CL A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    130112 | NS      | $50067097.60  | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                     | UBER TECHNOLOGIES INC                         | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     61141 | NS      | $4561730.01   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORP                              | NEWMONT CORP                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     24843 | NS      | $2759808.87   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFI TECHNOLOGIES INC                     | SOFI TECHNOLOGIES INC A                       | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    180315 | NS      | $2903071.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| DT MIDSTREAM INC                          | DT MIDSTREAM INC                              | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12154 | NS      | $1798670.46   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY INC                           | ULTA BEAUTY INC                               | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      5205 | NS      | $2797583.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer