# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-26-001977
**Filing Date:** 2026-3
**Character Count:** 99332
**Document Hash:** 0c859d304e0946076f83e68a6f3ac03e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001977.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000035402-26-001977

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**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:** 26790524

**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 Fundamental Global ex-U.S. ETF (Series ID: S000087782)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000253744 | Fidelity Fundamental Global ex-U.S. ETF | FFGX            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Fundamental Global ex-U.S. ETF**

**January 31, 2026**

FGU-NPRT1-0426

1.9916392.101 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.2%** | &nbsp;&nbsp;**Common Stocks - 99.2%** | &nbsp;&nbsp;**Common Stocks - 99.2%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.9%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| Aristocrat Leisure Ltd  | 3946 | 147172 |
| Materials - 0.5% |  |  |
| Metals & Mining - 0.5% |  |  |
| Anglogold Ashanti Plc (South Africa)  | 1369 | 130567 |
| IperionX Ltd (b) | 7273 | 37224 |
| TOTAL MATERIALS |  | 167791 |
| TOTAL AUSTRALIA |  | 314963 |
| BELGIUM - 1.5%  |  |  |
| Financials - 1.0% |  |  |
| Banks - 1.0% |  |  |
| KBC Group NV  | 2465 | 347412 |
| Health Care - 0.5% |  |  |
| Pharmaceuticals - 0.5% |  |  |
| UCB SA  | 635 | 192239 |
| TOTAL BELGIUM |  | 539651 |
| BRAZIL - 2.4%  |  |  |
| Consumer Discretionary - 0.8% |  |  |
| Broadline Retail - 0.8% |  |  |
| MercadoLibre Inc (b) | 125 | 268474 |
| Financials - 0.8% |  |  |
| Banks - 0.5% |  |  |
| Itau Unibanco Holding SA  | 21022 | 181749 |
| Capital Markets - 0.3% |  |  |
| Banco BTG Pactual SA unit  | 9914 | 112934 |
| TOTAL FINANCIALS |  | 294683 |
| Industrials - 0.2% |  |  |
| Ground Transportation - 0.2% |  |  |
| Localiza Rent a Car SA  | 7406 | 68097 |
| Localiza Rent a Car SA (PN)  | 283 | 2508 |
| TOTAL INDUSTRIALS |  | 70605 |
| Materials - 0.4% |  |  |
| Metals & Mining - 0.4% |  |  |
| Gerdau SA ADR  | 31336 | 133805 |
| Utilities - 0.2% |  |  |
| Electric Utilities - 0.2% |  |  |
| Equatorial SA  | 9859 | 76658 |
| TOTAL BRAZIL |  | 844225 |
| CANADA - 6.1%  |  |  |
| Energy - 3.0% |  |  |
| Oil, Gas & Consumable Fuels - 3.0% |  |  |
| Cameco Corp  | 2555 | 316004 |
| Canadian Natural Resources Ltd  | 9811 | 364801 |
| Imperial Oil Ltd  | 3475 | 351086 |
| TOTAL ENERGY |  | 1031891 |
| Information Technology - 1.8% |  |  |
| IT Services - 0.9% |  |  |
| Shopify Inc Class A (b) | 2407 | 315836 |
| Software - 0.9% |  |  |
| Constellation Software Inc/Canada  | 175 | 322967 |
| TOTAL INFORMATION TECHNOLOGY |  | 638803 |
| Materials - 1.3% |  |  |
| Metals & Mining - 1.3% |  |  |
| Franco-Nevada Corp  | 2005 | 469338 |
| TOTAL CANADA |  | 2140032 |
| CHILE - 0.8%  |  |  |
| Materials - 0.8% |  |  |
| Metals & Mining - 0.8% |  |  |
| Antofagasta PLC  | 5606 | 279837 |
| CHINA - 9.8%  |  |  |
| Communication Services - 2.8% |  |  |
| Entertainment - 0.1% |  |  |
| Tencent Music Entertainment Group Class A ADR  | 3176 | 53293 |
| Interactive Media & Services - 2.7% |  |  |
| Tencent Holdings Ltd  | 12113 | 939630 |
| TOTAL COMMUNICATION SERVICES |  | 992923 |
| Consumer Discretionary - 2.7% |  |  |
| Automobile Components - 0.1% |  |  |
| Hesai Group ADR (b) | 1582 | 37762 |
| Automobiles - 0.3% |  |  |
| BYD Co Ltd H Shares  | 7242 | 90617 |
| Broadline Retail - 2.1% |  |  |
| Alibaba Group Holding Ltd  | 20599 | 446148 |
| PDD Holdings Inc Class A ADR (b) | 1375 | 138944 |
| Prosus NV Class N  | 2575 | 147898 |
|  |  | 732990 |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Trip.com Group Ltd  | 852 | 52546 |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Laopu Gold Co Ltd H Shares  | 327 | 32565 |
| TOTAL CONSUMER DISCRETIONARY |  | 946480 |
| Consumer Staples - 0.3% |  |  |
| Beverages - 0.3% |  |  |
| Eastroc Beverage Group Co Ltd A Shares (China)  | 1700 | 61170 |
| Kweichow Moutai Co Ltd A Shares (China)  | 244 | 49174 |
| TOTAL CONSUMER STAPLES |  | 110344 |
| Financials - 1.5% |  |  |
| Banks - 0.7% |  |  |
| China Construction Bank Corp H Shares  | 232585 | 235499 |
| Insurance - 0.8% |  |  |
| China Life Insurance Co Ltd H Shares  | 40774 | 182051 |
| Ping An Insurance Group Co of China Ltd H Shares  | 12164 | 113199 |
|  |  | 295250 |
| TOTAL FINANCIALS |  | 530749 |
| Health Care - 0.6% |  |  |
| Life Sciences Tools & Services - 0.2% |  |  |
| Wuxi Apptec Co Ltd H Shares (c)(d) | 5611 | 79868 |
| Pharmaceuticals - 0.4% |  |  |
| Hansoh Pharmaceutical Group Co Ltd (c)(d) | 26064 | 128784 |
| TOTAL HEALTH CARE |  | 208652 |
| Industrials - 1.4% |  |  |
| Electrical Equipment - 0.9% |  |  |
| Contemporary Amperex Technology Co Ltd A Shares (China)  | 3688 | 185680 |
| Sieyuan Electric Co Ltd A Shares (China)  | 4400 | 116966 |
|  |  | 302646 |
| Machinery - 0.5% |  |  |
| Airtac International Group  | 2688 | 97080 |
| Shenzhen Inovance Technology Co Ltd A Shares (China)  | 9646 | 103554 |
|  |  | 200634 |
| TOTAL INDUSTRIALS |  | 503280 |
| Information Technology - 0.1% |  |  |
| Software - 0.1% |  |  |
| Pony AI Inc ADR (b) | 1883 | 26135 |
| Materials - 0.4% |  |  |
| Metals & Mining - 0.4% |  |  |
| MMG Ltd (b) | 31719 | 41780 |
| Zijin Mining Group Co Ltd H Shares  | 19401 | 104057 |
| TOTAL MATERIALS |  | 145837 |
| TOTAL CHINA |  | 3464400 |
| DENMARK - 1.1%  |  |  |
| Industrials - 1.1% |  |  |
| Air Freight & Logistics - 1.1% |  |  |
| DSV A/S  | 1410 | 395897 |
| FINLAND - 0.0%  |  |  |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Fortum Oyj  | 543 | 12818 |
| FRANCE - 6.3%  |  |  |
| Consumer Discretionary - 0.6% |  |  |
| Textiles, Apparel & Luxury Goods - 0.6% |  |  |
| Hermes International SCA  | 93 | 223672 |
| Consumer Staples - 0.3% |  |  |
| Food Products - 0.3% |  |  |
| Danone SA  | 1565 | 122138 |
| Energy - 0.2% |  |  |
| Oil, Gas & Consumable Fuels - 0.2% |  |  |
| Gaztransport Et Technigaz SA  | 291 | 62606 |
| Financials - 0.9% |  |  |
| Insurance - 0.9% |  |  |
| AXA SA  | 6985 | 318188 |
| Health Care - 0.6% |  |  |
| Health Care Equipment & Supplies - 0.6% |  |  |
| EssilorLuxottica SA  | 734 | 224385 |
| Industrials - 2.5% |  |  |
| Aerospace & Defense - 1.8% |  |  |
| Safran SA  | 1717 | 612609 |
| Electrical Equipment - 0.7% |  |  |
| Legrand SA  | 1624 | 259876 |
| TOTAL INDUSTRIALS |  | 872485 |
| Materials - 1.2% |  |  |
| Chemicals - 1.2% |  |  |
| Air Liquide SA  | 2214 | 414492 |
| TOTAL FRANCE |  | 2237966 |
| GERMANY - 5.7%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Specialty Retail - 0.2% |  |  |
| Auto1 Group SE (b) | 1857 | 61413 |
| Financials - 2.3% |  |  |
| Banks - 0.3% |  |  |
| Commerzbank AG  | 2439 | 100291 |
| Capital Markets - 1.0% |  |  |
| Deutsche Boerse AG  | 1390 | 351442 |
| Insurance - 1.0% |  |  |
| Allianz SE  | 133 | 58615 |
| Hannover Rueck SE  | 1025 | 290138 |
|  |  | 348753 |
| TOTAL FINANCIALS |  | 800486 |
| Health Care - 0.6% |  |  |
| Health Care Providers & Services - 0.6% |  |  |
| Fresenius SE & Co KGaA  | 3670 | 205375 |
| Industrials - 0.6% |  |  |
| Aerospace & Defense - 0.6% |  |  |
| Rheinmetall AG  | 105 | 221729 |
| Information Technology - 0.7% |  |  |
| Software - 0.7% |  |  |
| SAP SE  | 1203 | 243214 |
| Materials - 1.1% |  |  |
| Construction Materials - 1.1% |  |  |
| Heidelberg Materials AG  | 1359 | 372599 |
| Real Estate - 0.0% |  |  |
| Real Estate Management & Development - 0.0% |  |  |
| Vonovia SE  | 1816 | 52975 |
| Utilities - 0.2% |  |  |
| Independent Power and Renewable Electricity Producers - 0.2% |  |  |
| RWE AG  | 1178 | 74732 |
| TOTAL GERMANY |  | 2032523 |
| HUNGARY - 0.5%  |  |  |
| Financials - 0.4% |  |  |
| Banks - 0.4% |  |  |
| OTP Bank Nyrt  | 1214 | 152947 |
| Health Care - 0.1% |  |  |
| Pharmaceuticals - 0.1% |  |  |
| Richter Gedeon Nyrt  | 1090 | 36482 |
| TOTAL HUNGARY |  | 189429 |
| INDIA - 4.8%  |  |  |
| Communication Services - 0.4% |  |  |
| Wireless Telecommunication Services - 0.4% |  |  |
| Bharti Airtel Ltd  | 6018 | 129208 |
| Consumer Discretionary - 0.2% |  |  |
| Automobiles - 0.1% |  |  |
| Mahindra & Mahindra Ltd  | 734 | 27471 |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Eternal Ltd (b) | 17070 | 50934 |
| TOTAL CONSUMER DISCRETIONARY |  | 78405 |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Reliance Industries Ltd GDR (c) | 3899 | 236669 |
| Financials - 2.4% |  |  |
| Banks - 2.1% |  |  |
| HDFC Bank Ltd ADR  | 13379 | 433212 |
| ICICI Bank Ltd ADR  | 10693 | 313198 |
|  |  | 746410 |
| Consumer Finance - 0.2% |  |  |
| Bajaj Finance Ltd  | 7685 | 77932 |
| Insurance - 0.1% |  |  |
| HDFC Life Insurance Co Ltd (c)(d) | 3385 | 26986 |
| TOTAL FINANCIALS |  | 851328 |
| Health Care - 0.0% |  |  |
| Health Care Providers & Services - 0.0% |  |  |
| Max Healthcare Institute Ltd  | 2323 | 24240 |
| Industrials - 0.9% |  |  |
| Construction & Engineering - 0.9% |  |  |
| Larsen & Toubro Ltd GDR (d) | 7650 | 325890 |
| Materials - 0.2% |  |  |
| Construction Materials - 0.2% |  |  |
| JK Cement Ltd  | 1076 | 64817 |
| TOTAL INDIA |  | 1710557 |
| INDONESIA - 0.8%  |  |  |
| Financials - 0.8% |  |  |
| Banks - 0.8% |  |  |
| Bank Central Asia Tbk PT  | 655975 | 289200 |
| IRELAND - 0.8%  |  |  |
| Industrials - 0.8% |  |  |
| Building Products - 0.8% |  |  |
| Kingspan Group PLC  | 3291 | 286723 |
| ITALY - 2.4%  |  |  |
| Consumer Staples - 0.0% |  |  |
| Beverages - 0.0% |  |  |
| Coca-Cola HBC AG  | 370 | 19998 |
| Financials - 2.1% |  |  |
| Banks - 2.1% |  |  |
| FinecoBank Banca Fineco SpA  | 4302 | 113971 |
| Intesa Sanpaolo SpA  | 13791 | 97527 |
| UniCredit SpA  | 6040 | 525867 |
| TOTAL FINANCIALS |  | 737365 |
| Health Care - 0.3% |  |  |
| Pharmaceuticals - 0.3% |  |  |
| Recordati Industria Chimica e Farmaceutica SpA  | 1723 | 94643 |
| TOTAL ITALY |  | 852006 |
| JAPAN - 11.2%  |  |  |
| Communication Services - 0.9% |  |  |
| Entertainment - 0.9% |  |  |
| Capcom Co Ltd  | 4082 | 103817 |
| Nintendo Co Ltd  | 3432 | 222983 |
| TOTAL COMMUNICATION SERVICES |  | 326800 |
| Consumer Staples - 0.3% |  |  |
| Food Products - 0.3% |  |  |
| Ajinomoto Co Inc  | 5376 | 122276 |
| Financials - 2.0% |  |  |
| Banks - 1.1% |  |  |
| Sumitomo Mitsui Financial Group Inc  | 11085 | 391943 |
| Insurance - 0.9% |  |  |
| Tokio Marine Holdings Inc  | 8621 | 319026 |
| TOTAL FINANCIALS |  | 710969 |
| Health Care - 0.7% |  |  |
| Health Care Equipment & Supplies - 0.7% |  |  |
| Hoya Corp  | 1571 | 262612 |
| Industrials - 4.4% |  |  |
| Industrial Conglomerates - 1.7% |  |  |
| Hitachi Ltd  | 17829 | 617610 |
| Machinery - 1.7% |  |  |
| Ebara Corp  | 4987 | 150035 |
| Mitsubishi Heavy Industries Ltd  | 15317 | 447258 |
|  |  | 597293 |
| Professional Services - 0.2% |  |  |
| BayCurrent Inc  | 1559 | 54810 |
| Trading Companies & Distributors - 0.8% |  |  |
| ITOCHU Corp  | 21025 | 267771 |
| TOTAL INDUSTRIALS |  | 1537484 |
| Information Technology - 2.3% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| Ibiden Co Ltd  | 664 | 35306 |
| IT Services - 0.7% |  |  |
| Fujitsu Ltd  | 3905 | 108071 |
| NEC Corp  | 3868 | 130217 |
|  |  | 238288 |
| Semiconductors & Semiconductor Equipment - 1.1% |  |  |
| Advantest Corp  | 2074 | 341803 |
| Technology Hardware, Storage & Peripherals - 0.4% |  |  |
| FUJIFILM Holdings Corp  | 7724 | 154071 |
| TOTAL INFORMATION TECHNOLOGY |  | 769468 |
| Materials - 0.6% |  |  |
| Chemicals - 0.6% |  |  |
| Shin-Etsu Chemical Co Ltd  | 5899 | 195503 |
| TOTAL JAPAN |  | 3925112 |
| KOREA (SOUTH) - 5.0%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Automobiles - 0.2% |  |  |
| Hyundai Motor Co  | 203 | 69965 |
| Health Care - 0.1% |  |  |
| Life Sciences Tools & Services - 0.1% |  |  |
| Samsung Biologics Co Ltd (b)(c)(d) | 36 | 43302 |
| Industrials - 0.4% |  |  |
| Aerospace & Defense - 0.3% |  |  |
| Korea Aerospace Industries Ltd  | 955 | 110790 |
| Electrical Equipment - 0.1% |  |  |
| LS Electric Co Ltd (b) | 88 | 34333 |
| TOTAL INDUSTRIALS |  | 145123 |
| Information Technology - 4.3% |  |  |
| Semiconductors & Semiconductor Equipment - 1.6% |  |  |
| SK Hynix Inc  | 915 | 573322 |
| Technology Hardware, Storage & Peripherals - 2.7% |  |  |
| Samsung Electronics Co Ltd  | 8577 | 948907 |
| TOTAL INFORMATION TECHNOLOGY |  | 1522229 |
| TOTAL KOREA (SOUTH) |  | 1780619 |
| MEXICO - 1.3%  |  |  |
| Communication Services - 0.1% |  |  |
| Wireless Telecommunication Services - 0.1% |  |  |
| America Movil SAB de CV Series B  | 37910 | 39068 |
| Consumer Staples - 0.5% |  |  |
| Beverages - 0.1% |  |  |
| Fomento Economico Mexicano SAB de CV unit  | 4025 | 42010 |
| Consumer Staples Distribution & Retail - 0.4% |  |  |
| Wal-Mart de Mexico SAB de CV Series V  | 42779 | 135759 |
| TOTAL CONSUMER STAPLES |  | 177769 |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| Grupo Financiero Banorte SAB de CV  | 5304 | 59963 |
| Materials - 0.5% |  |  |
| Construction Materials - 0.5% |  |  |
| Cemex SAB de CV unit  | 137676 | 170795 |
| TOTAL MEXICO |  | 447595 |
| NETHERLANDS - 3.4%  |  |  |
| Information Technology - 3.4% |  |  |
| Semiconductors & Semiconductor Equipment - 3.4% |  |  |
| ASM International NV  | 316 | 265870 |
| ASML Holding NV depository receipt  | 580 | 825340 |
| BE Semiconductor Industries NV  | 599 | 116799 |
| TOTAL NETHERLANDS |  | 1208009 |
| PERU - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| Credicorp Ltd  | 561 | 200182 |
| SAUDI ARABIA - 0.7%  |  |  |
| Financials - 0.7% |  |  |
| Banks - 0.7% |  |  |
| Al Rajhi Bank  | 8360 | 238940 |
| SINGAPORE - 0.4%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Broadline Retail - 0.4% |  |  |
| Sea Ltd Class A ADR (b) | 1336 | 155631 |
| SOUTH AFRICA - 1.4%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Broadline Retail - 0.4% |  |  |
| Naspers Ltd Class N  | 2271 | 139392 |
| Financials - 0.7% |  |  |
| Banks - 0.5% |  |  |
| Capitec Bank Holdings Ltd  | 654 | 176163 |
| Financial Services - 0.2% |  |  |
| FirstRand Ltd  | 13835 | 79257 |
| TOTAL FINANCIALS |  | 255420 |
| Materials - 0.3% |  |  |
| Chemicals - 0.0% |  |  |
| Sasol Ltd (b) | 3916 | 27701 |
| Metals & Mining - 0.3% |  |  |
| Impala Platinum Holdings Ltd  | 4580 | 89594 |
| TOTAL MATERIALS |  | 117295 |
| TOTAL SOUTH AFRICA |  | 512107 |
| SPAIN - 3.7%  |  |  |
| Financials - 3.2% |  |  |
| Banks - 3.2% |  |  |
| Banco Santander SA  | 44075 | 563194 |
| CaixaBank SA  | 44038 | 582296 |
| TOTAL FINANCIALS |  | 1145490 |
| Utilities - 0.5% |  |  |
| Electric Utilities - 0.5% |  |  |
| Iberdrola SA  | 7874 | 176635 |
| TOTAL SPAIN |  | 1322125 |
| SWEDEN - 2.6%  |  |  |
| Financials - 1.3% |  |  |
| Financial Services - 1.3% |  |  |
| Investor AB B Shares  | 11867 | 457228 |
| Industrials - 1.1% |  |  |
| Building Products - 0.5% |  |  |
| Assa Abloy AB B Shares  | 4482 | 181091 |
| Machinery - 0.6% |  |  |
| Indutrade AB  | 8285 | 194394 |
| TOTAL INDUSTRIALS |  | 375485 |
| Information Technology - 0.2% |  |  |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| Hexagon AB B Shares  | 7175 | 81033 |
| TOTAL SWEDEN |  | 913746 |
| SWITZERLAND - 1.8%  |  |  |
| Financials - 1.8% |  |  |
| Capital Markets - 0.7% |  |  |
| UBS Group AG  | 5600 | 263610 |
| Insurance - 1.1% |  |  |
| Zurich Insurance Group AG  | 512 | 363609 |
| TOTAL SWITZERLAND |  | 627219 |
| TAIWAN - 7.6%  |  |  |
| Information Technology - 7.6% |  |  |
| Electronic Equipment, Instruments & Components - 0.6% |  |  |
| Chroma ATE Inc  | 1897 | 58896 |
| Delta Electronics Inc  | 2596 | 100336 |
| Yageo Corp  | 5316 | 46735 |
|  |  | 205967 |
| Semiconductors & Semiconductor Equipment - 7.0% |  |  |
| MediaTek Inc  | 2941 | 163984 |
| Taiwan Semiconductor Manufacturing Co Ltd  | 41302 | 2322543 |
|  |  | 2486527 |
| TOTAL TAIWAN |  | 2692494 |
| TURKEY - 0.2%  |  |  |
| Industrials - 0.2% |  |  |
| Electrical Equipment - 0.2% |  |  |
| Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS  | 17147 | 63009 |
| UNITED ARAB EMIRATES - 0.8%  |  |  |
| Energy - 0.7% |  |  |
| Energy Equipment & Services - 0.3% |  |  |
| ADNOC Drilling Co PJSC  | 69739 | 101214 |
| Oil, Gas & Consumable Fuels - 0.4% |  |  |
| Adnoc Gas PLC  | 146231 | 143743 |
| TOTAL ENERGY |  | 244957 |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| Abu Dhabi Commercial Bank PJSC  | 8090 | 33527 |
| TOTAL UNITED ARAB EMIRATES |  | 278484 |
| UNITED KINGDOM - 10.7%  |  |  |
| Communication Services - 0.5% |  |  |
| Diversified Telecommunication Services - 0.5% |  |  |
| Zegona Communications plc  | 8656 | 186550 |
| Consumer Discretionary - 1.5% |  |  |
| Hotels, Restaurants & Leisure - 1.2% |  |  |
| Compass Group PLC  | 11413 | 341543 |
| InterContinental Hotels Group PLC  | 610 | 82228 |
|  |  | 423771 |
| Leisure Products - 0.3% |  |  |
| Games Workshop Group PLC  | 471 | 109886 |
| TOTAL CONSUMER DISCRETIONARY |  | 533657 |
| Consumer Staples - 1.1% |  |  |
| Tobacco - 1.1% |  |  |
| British American Tobacco PLC ADR  | 3494 | 212016 |
| Imperial Brands PLC  | 4440 | 186274 |
| TOTAL CONSUMER STAPLES |  | 398290 |
| Financials - 2.6% |  |  |
| Banks - 1.8% |  |  |
| Lloyds Banking Group PLC  | 189626 | 282698 |
| NatWest Group PLC  | 37529 | 341599 |
|  |  | 624297 |
| Capital Markets - 0.8% |  |  |
| 3i Group PLC  | 5789 | 265445 |
| TOTAL FINANCIALS |  | 889742 |
| Health Care - 0.2% |  |  |
| Health Care Equipment & Supplies - 0.2% |  |  |
| Convatec Group PLC (c)(d) | 19820 | 62378 |
| Industrials - 4.3% |  |  |
| Aerospace & Defense - 2.8% |  |  |
| BAE Systems PLC  | 16385 | 442579 |
| Rolls-Royce Holdings PLC  | 31412 | 520519 |
|  |  | 963098 |
| Professional Services - 1.0% |  |  |
| RELX PLC  | 9839 | 347216 |
| Trading Companies & Distributors - 0.5% |  |  |
| Diploma PLC  | 2495 | 181627 |
| TOTAL INDUSTRIALS |  | 1491941 |
| Information Technology - 0.3% |  |  |
| Electronic Equipment, Instruments & Components - 0.3% |  |  |
| Halma PLC  | 2255 | 109355 |
| Utilities - 0.2% |  |  |
| Electric Utilities - 0.2% |  |  |
| SSE PLC  | 2360 | 78214 |
| TOTAL UNITED KINGDOM |  | 3750127 |
| UNITED STATES - 3.9%  |  |  |
| Communication Services - 0.3% |  |  |
| Entertainment - 0.3% |  |  |
| Spotify Technology SA (b) | 222 | 111077 |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Shell PLC  | 6472 | 247436 |
| Health Care - 0.3% |  |  |
| Health Care Equipment & Supplies - 0.3% |  |  |
| Alcon AG  | 1511 | 122006 |
| Industrials - 1.6% |  |  |
| Electrical Equipment - 1.6% |  |  |
| Schneider Electric SE  | 1868 | 536509 |
| Materials - 1.0% |  |  |
| Construction Materials - 1.0% |  |  |
| Holcim AG  | 3399 | 349727 |
| TOTAL UNITED STATES |  | 1366755 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $28,701,930) |  | <br> **35072381** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.3%** |
|  | Yield (%) (e) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 2/12/2026 (f)<br>(Cost $89,895)<br>| 3.84 | 90000 | **89910** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.5%** | &nbsp;&nbsp;**Money Market Funds - 0.5%** | &nbsp;&nbsp;**Money Market Funds - 0.5%** | &nbsp;&nbsp;**Money Market Funds - 0.5%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g)<br>(Cost $191,250)<br>| 3.70 | 191212 | **191250** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.0%**<br> (Cost $28,983,075)<br>| <br>**35353541** |
| **NET OTHER ASSETS (LIABILITIES) - 0.0%**  | **17403** |
| **NET ASSETS - 100.0%** | **35370944** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &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 |  |  |  |  |
| ICE MSCI EAFE Index Contracts (United States) | 1 | 3/2026 | 151840 | 3234 |
| The notional amount of long futures as a percentage of Net Assets is 0.4%. | The notional amount of long futures as a percentage of Net Assets is 0.4%. | The notional amount of long futures as a percentage of Net Assets is 0.4%. | The notional amount of long futures as a percentage of Net Assets is 0.4%. | The notional amount of long futures as a percentage of Net Assets is 0.4%. |

---

**Legend**

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

(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 $577,987 or 1.6% of net assets.

(d) 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 $667,208 or 1.9% of net assets.

(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 $24,975.

(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.

**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 | 194156 | 4356914 | 4359832 | 2736 | 12 | - | 191250 | 191212 | 0.0% |
| Total | 194156 | 4356914 | 4359832 | 2736 | 12 | - | 191250 |  |  |

---

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

**Investment Valuation**

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

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

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

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

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

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

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 Fundamental Global ex US ETF

- **b. EDGAR series identifier (if any):** S000087782

- **c. LEI of Series:** 254900BII9H2DFPR3729

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $35387992.81

**Total Liabilities:** $17330.20

**Net Assets:** $35370662.61

**Cash Not Reported:** $11767.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253744 | -2.13%               | 2.59%                | 5.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $82826.87                | $-765410.26                                |
| Month 2  | $49880.88                | $679392.80                                 |
| Month 3  | $-91186.63               | $1864373.09                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANTEST CORP                                     | ADVANTEST CORP                                                                                      | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      2074 | NS      | $341802.60    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                                     | AIR LIQUIDE SA                                                                                      | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      2214 | NS      | $414492.19    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AJINOMOTO CO INC                                   | AJINOMOTO CO INC                                                                                    | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |      5376 | NS      | $122276.56    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KWEICHOW MOUTAI CO LTD                             | KWEICHOW MOUTAI CO LTD A                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       244 | NS      | $49173.81     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANZ SE                                         | ALLIANZ SE (REGD)                                                                                   | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |       133 | NS      | $58614.85     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                 | TRIP.COM GROUP LTD                                                                                  | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |       852 | NS      | $52545.87     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO LTD                        | CHINA LIFE INS CO LTD H                                                                             | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     40774 | NS      | $182050.55    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIJIN MINING GROUP CO LIMITED                      | ZIJIN MINING GROUP CO LTD H                                                                         | CUSIP: N/A<br>LEI: 529900ABI5CBFXD01Q05       | Long             | EC               | CORP              | CN        |     19401 | NS      | $104056.77    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                            | AMERICA MOVIL SAB DE CV SER B                                                                       | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |     37910 | NS      | $39068.39     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSA ABLOY AB                                      | ASSA ABLOY AB SER B                                                                                 | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |      4482 | NS      | $181091.42    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUTRADE AB                                       | INDUTRADE AB                                                                                        | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |      8285 | NS      | $194394.05    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTOFAGASTA PLC                                    | ANTOFAGASTA PLC                                                                                     | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |      5606 | NS      | $279836.99    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORP                       | CHINA CONSTRUCTION BANK CORP H                                                                      | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |    232585 | NS      | $235499.72    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LTD                             | ARISTOCRAT LEISURE LTD                                                                              | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      3946 | NS      | $147172.01    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                    | ASML HLDG NV (NY REG SHS) NEW YORK REGISTERED SHARES                                                | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       580 | NS      | $825340.00    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM INTL NV                                        | ASM INTERNATIONAL NV (NETH)                                                                         | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       316 | NS      | $265870.21    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HOLDINGS LTD                          | CAPITEC BANK HOLDINGS LIMITED                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |       654 | NS      | $176163.30    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                             | AXA SA                                                                                              | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      6985 | NS      | $318187.71    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                    | BAE SYSTEMS PLC                                                                                     | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     16385 | NS      | $442578.99    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCALIZA RENT A CAR SA                             | LOCALIZA RENT A CAR SA                                                                              | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |      7406 | NS      | $68096.78     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CHROMA ATE INC                                     | CHROMA ATE INC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1897 | NS      | $58896.25     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA LIMITED | PING AN INSURANCE CO LTD H                                                                          | CUSIP: N/A<br>LEI: 300300IP9S6FHQPKRN68       | Long             | EC               | CORP              | CN        |     12164 | NS      | $113199.11    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                                  | TENCENT HOLDINGS LTD                                                                                | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     12113 | NS      | $939629.29    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUATORIAL ENERGIA SA                              | EQUATORIAL ENERGIA SA                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      9859 | NS      | $76657.69     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                     | BE SEMICOND INDUS NV (NETH)                                                                         | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       599 | NS      | $116799.06    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                           | BANK CENTRAL ASIA                                                                                   | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    655975 | NS      | $289199.58    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                 | BANCO SANTANDER SA                                                                                  | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     44075 | NS      | $563193.57    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARTI AIRTEL LTD                                  | BHARTI AIRTEL LIMITED                                                                               | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      6018 | NS      | $129208.42    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JK CEMENT LTD                                      | JK CEMENT LTD                                                                                       | CUSIP: N/A<br>LEI: 335800IECEF3EIDGF809       | Long             | EC               | CORP              | IN        |      1076 | NS      | $64816.52     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                                         | BYD COMPANY LTD H                                                                                   | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |      7242 | NS      | $90616.54     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM HLDGS CORP                                | FUJIFILM HOLDINGS CORP                                                                              | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |      7724 | NS      | $154070.74    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                       | BRITISH AMERICAN TOB PLC ADR                                                                        | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      3494 | NS      | $212015.92    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ FINANCE LTD                                  | BAJAJ FINANCE LTD                                                                                   | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |      7685 | NS      | $77932.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                                        | CAMECO CORP                                                                                         | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2555 | NS      | $316004.52    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                     | CANADIAN NATL RESOURCES LTD                                                                         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      9811 | NS      | $364800.74    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO LTD                                      | CAPCOM CO LTD                                                                                       | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |      4082 | NS      | $103817.21    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC GROUPE SA/NV                                   | KBC GROUPE SA                                                                                       | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      2465 | NS      | $347412.45    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ABU DHABI COMMERCIAL BANK                          | ABU DHABI COMMERCIAL BANK                                                                           | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |      8090 | NS      | $33527.52     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX SAB DE CV                                    | CEMEX SA DE CV CPO                                                                                  | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731       | Long             | EC               | CORP              | MX        |    137676 | NS      | $170795.13    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                                       | CAIXABANK SA                                                                                        | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     44038 | NS      | $582295.95    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA COLA HBC AG                                   | COCA COLA HBC AG                                                                                    | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |       370 | NS      | $19998.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK AG                                     | COMMERZBANK AG                                                                                      | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |      2439 | NS      | $100291.17    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                  | COMPASS GROUP PLC                                                                                   | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |     11413 | NS      | $341543.32    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                         | CONSTELLATION SOFTWARE INC                                                                          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       175 | NS      | $322966.99    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI BANK                                      | AL RAJHI BANKING and INVEST CORP                                                                    | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      8360 | NS      | $238939.93    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                           | LLOYDS BANKING GROUP PLC                                                                            | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |    189626 | NS      | $282697.73    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP LTD                                      | CREDICORP LTD                                                                                       | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |       561 | NS      | $200181.63    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE SA                                          | DANONE SA                                                                                           | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      1565 | NS      | $122137.99    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                            | DSV A/S                                                                                             | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |      1410 | NS      | $395897.05    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS INC                              | DELTA ELECTRONICS IND CO LTD                                                                        | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |      2596 | NS      | $100336.45    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                        | DIPLOMA PLC                                                                                         | CUSIP: N/A<br>LEI: 2138008OGI7VYG8FGR19       | Long             | EC               | CORP              | GB        |      2495 | NS      | $181626.57    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG                                 | DEUTSCHE BOERSE AG                                                                                  | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1390 | NS      | $351440.87    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| EBARA CORP                                         | EBARA CORP                                                                                          | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |      4987 | NS      | $150035.36    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSILORLUXOTTICA                                   | ESSILORLUXOTTICA                                                                                    | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |       734 | NS      | $224385.10    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                       | Fidelity Cash Central Fund                                                                          | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    191212 | NS      | $191250.09    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                | SUMITOMO MITSUI FINL GROUP INC                                                                      | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     11085 | NS      | $391943.14    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTRAND LIMITED                                  | FIRSTRAND LIMITED                                                                                   | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     13835 | NS      | $79256.58     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FOMENTO ECONOMICO MEXICANO SAB DE CV               | FOMENTO ECONO MEXI(FEMSA) UBD (REPRESENTS 1 FEMSA CL B SHR 2 FEMSA CL DB SHRS AND 2 FEMSACL DL SHS) | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |      4025 | NS      | $42009.61     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUM OYJ                                         | FORTUM OYJ                                                                                          | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |       543 | NS      | $12818.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                                 | FRANCO-NEVADA CORP                                                                                  | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      2005 | NS      | $469337.72    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESENIUS SE and CO KGAA                           | FRESENIUS SE and CO KGAA                                                                            | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      3670 | NS      | $205374.57    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJITSU LTD                                        | FUJITSU LTD                                                                                         | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |      3905 | NS      | $108071.30    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMES WORKSHOP GROUP PLC                           | GAMES WORKSHOP GROUP CO PLC                                                                         | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |       471 | NS      | $109886.03    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU SA                                          | GERDAU SA SPON ADR                                                                                  | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |     31336 | NS      | $133804.72    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRTAC INTERNATIONAL GROUP                         | AIRTAC INTERNATIONAL GROUP                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      2688 | NS      | $97079.68     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV                 | GRUPO FINANCIERO BANORTE SAB                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      5304 | NS      | $59962.88     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                      | HDFC BANK LTD SPON ADR                                                                              | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     13379 | NS      | $433212.02    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PLC                                          | HALMA PLC                                                                                           | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      2255 | NS      | $109354.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HANNOVER RUECK SA                                  | HANNOVER RUECKVERSICHERUNGS SE(REGD)                                                                | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |      1025 | NS      | $290138.12    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTL SCA                                    | HERMES INTERNATIONAL SA                                                                             | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        93 | NS      | $223671.99    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HEXAGON AB                                         | HEXAGON AB SER B                                                                                    | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               | CORP              | SE        |      7175 | NS      | $81033.40     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA AEROSPACE INDUSTRIES LTD                     | KOREA AEROSPACE INDUSTRIES LTD                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       955 | NS      | $110790.08    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HITACHI LTD                                        | HITACHI LTD                                                                                         | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     17829 | NS      | $617609.65    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                          | HOLCIM LTD                                                                                          | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      3399 | NS      | $349727.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HEIDELBERG MATERIALS AG                            | HEIDELBERG MATERIALS AG                                                                             | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1359 | NS      | $372599.01    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORP                                          | HOYA CORP                                                                                           | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      1571 | NS      | $262611.59    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOTOR CO                                   | HYUNDAI MOTOR CO                                                                                    | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |       203 | NS      | $69964.78     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                     | ICICI BANK LTD SPONS ADR                                                                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     10693 | NS      | $313197.97    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LTD                       | IMPALA PLATINUM HOLDINGS LTD                                                                        | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |      4580 | NS      | $89594.06     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                                   | IMPERIAL OIL LTD                                                                                    | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |      3475 | NS      | $351085.63    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                | IMPERIAL BRANDS PLC                                                                                 | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |      4440 | NS      | $186274.03    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| IBIDEN CO LTD                                      | IBIDEN CO LTD                                                                                       | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |       664 | NS      | $35306.64     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA                                       | IBERDROLA SA                                                                                        | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |      7874 | NS      | $176635.46    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW              | INTERCONTINENTAL HOTELS GP PLC                                                                      | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |       610 | NS      | $82228.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                                | INTESA SANPAOLO SPA                                                                                 | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |     13791 | NS      | $97527.17     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTOR AB                                        | INVESTOR AB SER B                                                                                   | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |     11867 | NS      | $457227.55    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HOLDING SA                           | ITAU UNIBANCO HOLDING SA                                                                            | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |     21022 | NS      | $181749.28    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                                 | ITOCHU CORP                                                                                         | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     21025 | NS      | $267771.23    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                          | ALIBABA GROUP HOLDING LTD                                                                           | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |     20599 | NS      | $446147.75    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RICHTER GEDEON NYRT                                | RICHTER GEDEON NYRT                                                                                 | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |      1090 | NS      | $36482.08     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSPAN GROUP PLC                                 | KINGSPAN GROUP PLC                                                                                  | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |      3291 | NS      | $286722.53    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LS ELECTRIC CO LTD                                 | LS ELECTRIC CO LTD                                                                                  | CUSIP: N/A<br>LEI: 988400AF8KS117D7D072       | Long             | EC               | CORP              | KR        |        88 | NS      | $34333.06     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LARSEN and TOUBRO LTD                              | LARSEN and TOUBRO LTD GDR                                                                           | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |      7650 | NS      | $325890.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA                                         | LEGRAND SA                                                                                          | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |      1624 | NS      | $259876.13    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MAHINDRA and MAHINDRA LTD                          | MAHINDRA and MAHINDRA LTD(DEMAT)DEMATERIALIZED SHS                                                  | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |       734 | NS      | $27471.17     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                       | MEDIA TEK INC                                                                                       | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      2941 | NS      | $163984.16    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                   | MERCADOLIBRE INC                                                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       125 | NS      | $268473.75    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                    | MITSUBISHI HEAVY INDS LTD                                                                           | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |     15317 | NS      | $447257.19    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VONOVIA SE                                         | VONOVIA SE                                                                                          | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      1816 | NS      | $52975.38     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC CORP                                           | NEC CORP                                                                                            | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |      3868 | NS      | $130216.33    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LTD                                        | NASPERS LTD N SHS                                                                                   | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |      2271 | NS      | $139391.57    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                    | NINTENDO CO LTD                                                                                     | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      3432 | NS      | $222982.42    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                       | GAZTRANSPORT ET TECHNIGA                                                                            | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |       291 | NS      | $62606.04     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP BANK PLC                                       | OTP BANK (REG)                                                                                      | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      1214 | NS      | $152946.59    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK SPA                                     | FINECOBANK SPA                                                                                      | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |      4302 | NS      | $113971.05    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG LTD                                            | MMG LTD                                                                                             | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |     31719 | NS      | $41779.87     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                       | UBS GROUP AG                                                                                        | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      5600 | NS      | $263610.37    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEGONA COMMUNICATIONS PLC                          | ZEGONA COMMUNICATIONS PLC                                                                           | CUSIP: N/A<br>LEI: 213800ASI1VZL2ED4S65       | Long             | EC               | CORP              | GB        |      8656 | NS      | $186549.89    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA     | RECORDATI SPA                                                                                       | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      1723 | NS      | $94642.87     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                            | RELIANCE INDS GDR                                                                                   | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |      3899 | NS      | $236669.30    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                           | RELX PLC                                                                                            | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |      9839 | NS      | $347215.81    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL                                        | RHEINMETALL AG ORD                                                                                  | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       105 | NS      | $221728.61    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                           | ROLLS-ROYCE HOLDINGS PLC                                                                            | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     31412 | NS      | $520519.41    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                  | NATWEST GROUP PLC                                                                                   | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |     37529 | NS      | $341598.87    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                             | RWE AG                                                                                              | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |      1178 | NS      | $74732.24     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                       | SK HYNIX INC                                                                                        | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |       915 | NS      | $573321.71    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                          | SAFRAN SA                                                                                           | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      1717 | NS      | $612609.03    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                         | SAMSUNG ELECTRONICS CO LTD                                                                          | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      8577 | NS      | $948907.45    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SASOL LTD                                          | SASOL LTD                                                                                           | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |      3916 | NS      | $27701.39     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA                                  | SCHNEIDER ELECTRIC SE                                                                               | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1868 | NS      | $536508.85    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                             | SAP SE                                                                                              | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      1203 | NS      | $243214.48    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                            | SSE PLC                                                                                             | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |      2360 | NS      | $78213.79     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIN ETSU CHEM CO LTD                              | SHIN-ETSU CHEMICAL CO LTD                                                                           | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      5899 | NS      | $195502.53    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                                        | SHOPIFY INC CL A                                                                                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2407 | NS      | $315836.44    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                          | TOKIO MARINE HOLDINGS INC                                                                           | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      8621 | NS      | $319026.02    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT SPA                                      | UNICREDIT SPA                                                                                       | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      6040 | NS      | $525866.30    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                             | UCB SA                                                                                              | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       635 | NS      | $192238.88    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WAL MART DE MEXICO SAB DE CV                       | WAL MART DE MEXICO SAB DE CV V                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     42779 | NS      | $135758.95    | 0.38%             |  |  |  | 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        |     41302 | NS      | $2322542.37   | 6.57%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                       | 3I GROUP PLC                                                                                        | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      5789 | NS      | $265445.38    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| YAGEO CORP                                         | YAGEO CORP                                                                                          | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |      5316 | NS      | $46734.99     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                          | ZURICH INSURANCE GROUP AG                                                                           | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       512 | NS      | $363609.08    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYCURRENT INC                                     | BAYCURRENT INC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1559 | NS      | $54810.80     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD                           | SAMSUNG BIOLOGICS CO LTD                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        36 | NS      | $43302.34     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CONVATEC GROUP PLC                                 | CONVATEC GROUP PLC                                                                                  | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |     19820 | NS      | $62377.60     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEYUAN ELECTRIC CO LTD A                          | SIEYUAN ELECTRIC CO LTD A                                                                           | CUSIP: N/A<br>LEI: 836800H6UQQUWN4PSZ32       | Long             | EC               | CORP              | CN        |      4400 | NS      | $116966.23    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN INOVANCE TECHNOLOGY CO LTD                | SHENZHEN INOVANCE TECHNOLOGY CO LTD A                                                               | CUSIP: N/A<br>LEI: 836800KA53998FUTIA85       | Long             | EC               | CORP              | CN        |      9646 | NS      | $103553.92    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BTG PACTUAL SA                               | BANCO BTG PACTUAL SA US(1CS)                                                                        | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |      9914 | NS      | $112934.17    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC LIFE INSURANCE CO LTD                         | HDFC LIFE INSURANCE CO LTD                                                                          | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |      3385 | NS      | $26985.79     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                            | SEA LTD ADR                                                                                         | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      1336 | NS      | $155630.64    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                              | SPOTIFY TECHNOLOGY SA                                                                               | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |       222 | NS      | $111077.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IPERIONX LTD                                       | IPERIONX LTD                                                                                        | CUSIP: N/A<br>LEI: 98450096B1C9E094C832       | Long             | EC               | CORP              | AU        |      7273 | NS      | $37224.47     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                   | PDD HOLDINGS INC ADR                                                                                | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      1375 | NS      | $138943.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP                  | TENCENT MUSIC ENTERTAINMENT ADR                                                                     | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |      3176 | NS      | $53293.28     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WUXI APPTEC CO LTD                                 | WUXI APPTEC CO LTD H                                                                                | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |      5611 | NS      | $79868.82     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD             | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD A                                                            | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |      3688 | NS      | $185679.86    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                                          | ALCON INC                                                                                           | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |      1511 | NS      | $122005.85    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HANSOH PHARMACEUTICAL GROUP CO LTD                 | HANSOH PHARMACETICAL GROUP                                                                          | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | KY        |     26064 | NS      | $128783.60    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSUS NV                                          | PROSUS NV                                                                                           | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |      2575 | NS      | $147898.05    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MAX HEALTHCARE INSTITUTE LTD                       | MAX HEALTHCARE INSTITUTE LTD                                                                        | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |      2323 | NS      | $24239.82     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO1 GROUP SE                                     | AUTO1 GROUP SE                                                                                      | CUSIP: N/A<br>LEI: 391200S2LPXG5ZD5G304       | Long             | EC               | CORP              | DE        |      1857 | NS      | $61413.34     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ETERNAL LTD                                        | ETERNAL LTD                                                                                         | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |     17070 | NS      | $50934.11     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC DRILLING COMPANY PJSC                        | ADNOC DRILLING COMPANY PJSC                                                                         | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |     69739 | NS      | $101214.12    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                          | SHELL PLC                                                                                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      6472 | NS      | $247435.55    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTROC BEVERAGE GROUP CO LTD                      | EASTROC BEVERAGE GROUP CO LTD A                                                                     | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |      1700 | NS      | $61169.92     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HESAI GROUP                                        | HESAI GROUP ADR                                                                                     | CUSIP: 428050108<br>LEI: 836800KOYHURQT1JZY11 | Long             | EC               | CORP              | KY        |      1582 | NS      | $37762.34     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC GAS PLC                                      | ADNOC GAS PLC                                                                                       | CUSIP: N/A<br>LEI: 254900O5NS03BDOOM362       | Long             | EC               | CORP              | AE        |    146231 | NS      | $143742.39    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTOR TRANSFORMATOR ENERJI T                       | ASTOR TRANSFORMATOR ENERJI T                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TR        |     17147 | NS      | $63009.42     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                              | ANGLOGOLD ASHANTI PLC                                                                               | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      1369 | NS      | $130566.35    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                     | MSCI EAFE FUT MAR26 MFSH6                                                                           | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |         1 | NC      | $3233.87      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LAOPU GOLD CO LTD                                  | LAOPU GOLD CO LTD H                                                                                 | CUSIP: N/A<br>LEI: 2549003X1NWK88OCWI97       | Long             | EC               | CORP              | CN        |       327 | NS      | $32565.64     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PONY AI INC                                        | PONY AI INC ADR                                                                                     | CUSIP: 732908108<br>LEI: 9845006P7613D2A61368 | Long             | EC               | CORP              | KY        |      1883 | NS      | $26136.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                          | UST BILLS 0% 02/12/2026                                                                             | CUSIP: 912797RT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $89910.17     | 0.25%             | 2026-02-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOCALIZA RENT A CAR SA                             | LOCALIZA RENT A CAR SA                                                                              | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |       283 | NS      | $2509.10      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer