# EDGAR Filing Document

**Accession Number:** 0000744822
**File Stem:** 0000035402-25-000790
**Filing Date:** 2025-9
**Character Count:** 32932
**Document Hash:** 35b8bc3187b832bccdd6977b84caa077
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-000790.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000035402-25-000790

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000744822

**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:** 811-04008
- **FILM NUMBER:** 251349331

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY OVERSEAS FUND
- **DATE OF NAME CHANGE:** 19861228

## Series and Classes Contracts Data

### Fidelity Nordic Fund (Series ID: S000007099)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000019418 | Fidelity Nordic Fund | FNORX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Nordic Fund**

**July 31, 2025**

NOR-NPRT3-0925

1.804855.121 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 97.0%** | &nbsp;&nbsp;**Common Stocks - 97.0%** | &nbsp;&nbsp;**Common Stocks - 97.0%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.5%  |  |  |
| Industrials - 0.5% |  |  |
| Aerospace & Defense - 0.5% |  |  |
| DroneShield Ltd (a)(b) | 686127 | 1640128 |
| DENMARK - 25.5%  |  |  |
| Consumer Staples - 1.3% |  |  |
| Beverages - 1.3% |  |  |
| Carlsberg AS Series B  | 33100 | 4126487 |
| Financials - 5.6% |  |  |
| Banks - 3.6% |  |  |
| Danske Bank A/S  | 285800 | 11382625 |
| Insurance - 2.0% |  |  |
| Tryg A/S  | 258483 | 6240028 |
| TOTAL FINANCIALS |  | 17622653 |
| Health Care - 10.2% |  |  |
| Health Care Equipment & Supplies - 0.7% |  |  |
| Demant A/S (b) | 61100 | 2326018 |
| Pharmaceuticals - 9.5% |  |  |
| ALK-Abello A/S Series B (b) | 82900 | 2423342 |
| Novo Nordisk A/S Series B  | 589100 | 27397866 |
|  |  | 29821208 |
| TOTAL HEALTH CARE |  | 32147226 |
| Industrials - 5.9% |  |  |
| Air Freight & Logistics - 5.3% |  |  |
| DSV A/S  | 74900 | 16783968 |
| Electrical Equipment - 0.6% |  |  |
| Vestas Wind Systems A/S  | 97300 | 1776512 |
| TOTAL INDUSTRIALS |  | 18560480 |
| Materials - 2.5% |  |  |
| Chemicals - 2.5% |  |  |
| Novonesis Novozymes B Series B  | 123500 | 8039797 |
| TOTAL DENMARK |  | 80496643 |
| FINLAND - 13.0%  |  |  |
| Financials - 7.7% |  |  |
| Banks - 5.2% |  |  |
| Nordea Bank Abp (Sweden)  | 1112844 | 16256270 |
| Insurance - 2.5% |  |  |
| Sampo Oyj A Shares  | 744300 | 7997905 |
| TOTAL FINANCIALS |  | 24254175 |
| Industrials - 1.8% |  |  |
| Machinery - 1.8% |  |  |
| Wartsila OYJ Abp  | 205900 | 5695747 |
| Information Technology - 1.9% |  |  |
| Communications Equipment - 1.9% |  |  |
| Nokia Oyj  | 1430000 | 5855315 |
| Materials - 0.3% |  |  |
| Paper & Forest Products - 0.3% |  |  |
| UPM-Kymmene Oyj  | 47300 | 1225911 |
| Utilities - 1.3% |  |  |
| Electric Utilities - 1.3% |  |  |
| Fortum Oyj  | 223600 | 4105723 |
| TOTAL FINLAND |  | 41136871 |
| GERMANY - 1.4%  |  |  |
| Industrials - 1.4% |  |  |
| Electrical Equipment - 1.4% |  |  |
| Siemens Energy AG (b) | 38900 | 4503794 |
| NORWAY - 12.0%  |  |  |
| Communication Services - 2.3% |  |  |
| Media - 2.3% |  |  |
| Vend Marketplaces ASA B Shares  | 190600 | 7182505 |
| Consumer Staples - 1.2% |  |  |
| Food Products - 1.2% |  |  |
| Mowi ASA  | 204800 | 3833054 |
| Energy - 2.5% |  |  |
| Oil, Gas & Consumable Fuels - 2.5% |  |  |
| Equinor ASA  | 305000 | 7834712 |
| Financials - 3.2% |  |  |
| Banks - 3.2% |  |  |
| DNB Bank ASA  | 392700 | 9963072 |
| Industrials - 1.4% |  |  |
| Aerospace & Defense - 1.4% |  |  |
| Kongsberg Gruppen ASA  | 149900 | 4491041 |
| Materials - 1.1% |  |  |
| Metals & Mining - 1.1% |  |  |
| Norsk Hydro ASA  | 559600 | 3316744 |
| Real Estate - 0.3% |  |  |
| Real Estate Management & Development - 0.3% |  |  |
| Selvaag Bolig ASA  | 321200 | 1149506 |
| TOTAL NORWAY |  | 37770634 |
| SWEDEN - 38.6%  |  |  |
| Consumer Discretionary - 2.8% |  |  |
| Broadline Retail - 0.8% |  |  |
| Rusta AB  | 323400 | 2532228 |
| Specialty Retail - 2.0% |  |  |
| Haypp Group AB (b) | 405346 | 6335310 |
| TOTAL CONSUMER DISCRETIONARY |  | 8867538 |
| Consumer Staples - 0.3% |  |  |
| Consumer Staples Distribution & Retail - 0.3% |  |  |
| Axfood AB B Shares  | 34600 | 1032424 |
| Financials - 7.1% |  |  |
| Capital Markets - 1.5% |  |  |
| Nordnet AB  | 170100 | 4604694 |
| Financial Services - 5.6% |  |  |
| Investor AB B Shares  | 609500 | 17713590 |
| TOTAL FINANCIALS |  | 22318284 |
| Health Care - 1.4% |  |  |
| Health Care Equipment & Supplies - 0.5% |  |  |
| Surgical Science Sweden AB (b) | 111667 | 1688252 |
| Life Sciences Tools & Services - 0.9% |  |  |
| AddLife AB B Shares  | 162400 | 2868346 |
| TOTAL HEALTH CARE |  | 4556598 |
| Industrials - 20.8% |  |  |
| Aerospace & Defense - 3.4% |  |  |
| Saab AB B Shares  | 197200 | 10726501 |
| Building Products - 4.0% |  |  |
| Assa Abloy AB B Shares  | 265100 | 8772226 |
| Munters Group AB (a)(c) | 267000 | 3763924 |
|  |  | 12536150 |
| Industrial Conglomerates - 0.9% |  |  |
| Nolato AB B Shares  | 481500 | 2855283 |
| Machinery - 12.5% |  |  |
| Atlas Copco AB B Shares  | 1031700 | 13980132 |
| Beijer Alma AB B Shares  | 140727 | 3795176 |
| Indutrade AB  | 298900 | 7279185 |
| Sandvik AB  | 592700 | 14482605 |
|  |  | 39537098 |
| TOTAL INDUSTRIALS |  | 65655032 |
| Information Technology - 4.8% |  |  |
| Electronic Equipment, Instruments & Components - 4.0% |  |  |
| Hexagon AB B Shares  | 444200 | 4880905 |
| Lagercrantz Group AB B Shares  | 323653 | 7531543 |
|  |  | 12412448 |
| Technology Hardware, Storage & Peripherals - 0.8% |  |  |
| Dynavox Group AB (b) | 203100 | 2626601 |
| TOTAL INFORMATION TECHNOLOGY |  | 15039049 |
| Materials - 1.2% |  |  |
| Paper & Forest Products - 1.2% |  |  |
| Svenska Cellulosa AB SCA B Shares  | 293600 | 3684527 |
| Real Estate - 0.2% |  |  |
| Real Estate Management & Development - 0.2% |  |  |
| Swedish Logistic Property AB B Shares (b) | 142304 | 576383 |
| TOTAL SWEDEN |  | 121729835 |
| SWITZERLAND - 1.3%  |  |  |
| Industrials - 1.3% |  |  |
| Building Products - 1.3% |  |  |
| Belimo Holding AG  | 3450 | 4049954 |
| TAIWAN - 2.5%  |  |  |
| Information Technology - 2.5% |  |  |
| Semiconductors & Semiconductor Equipment - 2.5% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd  | 75000 | 2880931 |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 21300 | 5146506 |
| TOTAL TAIWAN |  | 8027437 |
| UNITED KINGDOM - 1.8%  |  |  |
| Consumer Staples - 1.3% |  |  |
| Tobacco - 1.3% |  |  |
| British American Tobacco PLC  | 75400 | 4039733 |
| Financials - 0.5% |  |  |
| Financial Services - 0.5% |  |  |
| Enity Holding AB  | 178149 | 1488813 |
| TOTAL UNITED KINGDOM |  | 5528546 |
| UNITED STATES - 0.4%  |  |  |
| Communication Services - 0.4% |  |  |
| Entertainment - 0.4% |  |  |
| Spotify Technology SA (b) | 1900 | 1190426 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $237,588,385) |  | <br> **306074268** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.7%** | &nbsp;&nbsp;**Money Market Funds - 1.7%** | &nbsp;&nbsp;**Money Market Funds - 1.7%** | &nbsp;&nbsp;**Money Market Funds - 1.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (d)<br>(Cost $5,367,556)<br>| 4.33 | 5366483 | **5367556** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 98.7%**<br> (Cost $242,955,941)<br>| <br>**311441824** |
| **NET OTHER ASSETS (LIABILITIES) - 1.3%**  | **4140448** |
| **NET ASSETS - 100.0%** | **315582272** |

---

**Legend**

(a) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $5,404,052 or 1.7% of net assets.

(b) Non-income producing.

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,763,924 or 1.2% of net assets.

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 9501575 | 70127452 | 74261471 | 254083 | - | - | 5367556 | 5366483 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 976198 | 22659748 | 23635946 | 5352 | - | - | - | - | 0.0% |
| Total | 10477773 | 92787200 | 97897417 | 259435 | - | - | 5367556 |  |  |

---

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.

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-04008

- **c. CIK number of Registrant:** 0000744822

- **d. LEI of Registrant:** MXNTE4GH7BW81YELH558

- **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 Nordic Fund

- **b. EDGAR series identifier (if any):** S000007099

- **c. LEI of Series:** 0XVIBSHDZST3OFQCXC32

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $318494641.74

**Total Liabilities:** $2158568.41

**Net Assets:** $316336073.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019418 | 4.82%                | 2.50%                | -6.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5251348.27              | $9203093.97                                |
| Month 2  | $6159491.41              | $2240942.62                                |
| Month 3  | $373090.75               | $-22323407.32                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NOLATO AB                       | NOLATO AB SER B                 | CUSIP: N/A<br>LEI: 213800T7T7I7WAOX8Y72       | Long             | EC               | CORP              | SE        |    481500 | NS      | $2855282.58   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AXFOOD AB                       | AXFOOD AB                       | CUSIP: N/A<br>LEI: 549300QIXCZWZLHE8L05       | Long             | EC               | CORP              | SE        |     34600 | NS      | $1032424.34   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BELIMO HOLDING AG               | BELIMO HOLDING AG (REG)         | CUSIP: N/A<br>LEI: 506700339DLX749VEM23       | Long             | EC               | CORP              | CH        |      3450 | NS      | $4049953.83   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUM OYJ                      | FORTUM OYJ                      | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |    223600 | NS      | $4105722.64   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                     | EQUINOR ASA                     | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    305000 | NS      | $7834712.45   | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| DRONESHIELD LTD                 | DRONESHIELD LTD                 | CUSIP: N/A<br>LEI: 5299002AW8NA4BW6MU87       | Long             | EC               | CORP              | AU        |    686127 | NS      | $1640128.49   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC    | BRITISH AMERICAN TOBACCO PLC    | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     69400 | NS      | $3718268.48   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SELVAAG BOLIG ASA               | SELVAAG BOLIG ASA               | CUSIP: N/A<br>LEI: 5967007LIEEXZXIHPK59       | Long             | EC               | CORP              | NO        |    321200 | NS      | $1149506.22   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK AS                 | NOVO-NORDISK AS CL B            | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    589100 | NS      | $27397865.56  | 8.66%             |  |  |  | No            |                  2 | On Loan: No      |
| TRYG AS                         | TRYG AS                         | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |    258483 | NS      | $6240028.39   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DANSKE BANK A/S                 | DANSKE BK AS                    | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |    285800 | NS      | $11382624.32  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HAYPP GROUP AB                  | HAYPP GROUP                     | CUSIP: N/A<br>LEI: 549300NDGL14NS31UP49       | Long             | EC               | CORP              | SE        |    405346 | NS      | $6335310.47   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM KYMMENE CORP                | UPM KYMMENE CORP                | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |     47300 | NS      | $1225911.11   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| VEND MARKETPLACES ASA           | VEND MARKETPLACES ASA B         | CUSIP: N/A<br>LEI: 5967007LIEEXZXHT0O36       | Long             | EC               | CORP              | NO        |    190600 | NS      | $7182504.57   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLSBERG AS                    | CARLSBERG AS CL B               | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |     39500 | NS      | $4924358.51   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| SURGICAL SCIENCE SWEDEN AB      | SURGICAL SCIENCE SWEDEN AB      | CUSIP: N/A<br>LEI: 549300YROAI18G6JL885       | Long             | EC               | CORP              | SE        |    111667 | NS      | $1688251.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSTA AB                        | RUSTA AB                        | CUSIP: N/A<br>LEI: 549300V512S3QMRNO618       | Long             | EC               | CORP              | SE        |    323400 | NS      | $2532227.70   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| WARTSILA OYJ                    | WARTSILA                        | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |    205900 | NS      | $5695747.47   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MUNTERS GROUP AB                | MUNTERS GROUP AB                | CUSIP: N/A<br>LEI: 549300HF6Y1RBG1Z4Z07       | Long             | EC               | CORP              | SE        |    267000 | NS      | $3763924.71   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS AS          | VESTAS WIND SYSTEMS AS          | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     97300 | NS      | $1776512.12   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| NORDNET AB                      | NORDNET AB                      | CUSIP: N/A<br>LEI: 549300D6WW5ZTWLZ4C08       | Long             | EC               | CORP              | SE        |    170100 | NS      | $4604693.92   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSA ABLOY AB                   | ASSA ABLOY AB SER B             | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |    265100 | NS      | $8772225.63   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS ENERGY AG               | SIEMENS ENERGY AG               | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     38900 | NS      | $4503794.32   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| LAGERCRANTZ GROUP AB            | LAGERCRANTZ GROUP AB CL B       | CUSIP: N/A<br>LEI: 5493002L6I4YHANEYR87       | Long             | EC               | CORP              | SE        |    323653 | NS      | $7531542.60   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA           | SPOTIFY TECHNOLOGY SA           | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      1900 | NS      | $1190426.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SAAB AB                         | SAAB AB CL B                    | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |    197200 | NS      | $10726500.59  | 3.39%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVONESIS (NOVOZYMES) B         | NOVONESIS (NOVOZYMES) B         | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |    123500 | NS      | $8039796.66   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA           | KONGSBERG GRUPPEN ASA           | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |    149900 | NS      | $4491040.94   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HEXAGON AB                      | HEXAGON AB SER B                | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               | CORP              | SE        |    444200 | NS      | $4880905.09   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SWEDISH LOGISTIC PROPERTY AB    | SWEDISH LOGISTIC PROPERTY AB-B  | CUSIP: N/A<br>LEI: 254900AWRHP1QNE6OQ19       | Long             | EC               | CORP              | SE        |    142304 | NS      | $576382.62    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ALK-ABELLO A/S                  | ALK-ABELLO A/S                  | CUSIP: N/A<br>LEI: 529900SGCREUZCZ7P020       | Long             | EC               | CORP              | DK        |     82900 | NS      | $2423342.89   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DEMANT A/S                      | DEMANT A/S                      | CUSIP: N/A<br>LEI: 213800RM6L9LN78BVA56       | Long             | EC               | CORP              | DK        |     61100 | NS      | $2326017.66   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ENITY HOLDING AB                | ENITY HOLDING AB                | CUSIP: N/A<br>LEI: 636700S7UMLTDQ0BKU55       | Long             | EC               | CORP              | SE        |    171210 | NS      | $1430823.62   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD | TAIWAN SEMICONDUCTOR MFG CO LTD | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     67000 | NS      | $2573632.01   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| SVENSKA CELLULOSA AB SCA        | SVENSKA CELLULOSA AB CL B       | CUSIP: N/A<br>LEI: 549300FW5JDRV1IJ0M67       | Long             | EC               | CORP              | SE        |    293600 | NS      | $3684527.42   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDVIK AB                      | SANDVIK AB                      | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               | CORP              | SE        |    592700 | NS      | $14482604.90  | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust    | Fidelity Cash Central Fund      | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   5366483 | NS      | $5367556.08   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD | TAIWAN SEMIC MFG CO LTD SP ADR  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     21300 | NS      | $5146506.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB BANK ASA                    | DNB BANK ASA                    | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    392700 | NS      | $9963071.76   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB                  | ATLAS COPCO AB SER B            | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |   1031700 | NS      | $13980131.78  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMPO OYJ                       | SAMPO OYJ SER A                 | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |    744300 | NS      | $7997904.85   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDEA BANK ABP                 | NORDEA BANK ABP                 | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |   1112844 | NS      | $16256270.09  | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BEIJER ALMA AB                  | BEIJER ALMA AB SER B            | CUSIP: N/A<br>LEI: 549300HJX9BNG5055Z38       | Long             | EC               | CORP              | SE        |    140727 | NS      | $3795176.14   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NORSK HYDRO ASA                 | NORSK HYDRO AS ORD              | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    559600 | NS      | $3316743.96   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESTOR AB                     | INVESTOR AB SER B               | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |    609500 | NS      | $17713588.89  | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNAVOX GROUP AB                | DYNAVOX GROUP AB                | CUSIP: N/A<br>LEI: 5493008X1XZR4R5R0P66       | Long             | EC               | CORP              | SE        |    203100 | NS      | $2626601.63   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ADDLIFE AB                      | ADDLIFE AB                      | CUSIP: N/A<br>LEI: 5493005T3M7CD7XWE013       | Long             | EC               | CORP              | SE        |    162400 | NS      | $2868346.40   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                         | DSV A/S                         | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |     74900 | NS      | $16783967.47  | 5.31%             |  |  |  | No            |                  2 | On Loan: No      |
| NOKIA CORP                      | NOKIA OYJ                       | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |   1430000 | NS      | $5855314.62   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MOWI ASA                        | MOWI ASA                        | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |    187800 | NS      | $3514880.98   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUTRADE AB                    | INDUTRADE AB                    | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |    298900 | NS      | $7279184.82   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer