# EDGAR Filing Document

**Accession Number:** 0001364924
**File Stem:** 0001752724-25-182804
**Filing Date:** 2025-7
**Character Count:** 160671
**Document Hash:** d0f719989de86c70501295c1c4f6e1c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182804.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-182804

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Rutland Square Trust II
- **CENTRAL INDEX KEY:** 0001364924

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21991
- **FILM NUMBER:** 251163397

**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

### Strategic Advisers Fidelity International Fund (Series ID: S000029153)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000089635 | Strategic Advisers Fidelity International Fund | FUSIX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Strategic Advisers® Fidelity® International Fund**

*Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public*

**May 31, 2025**

SIL-NPRT1-0725

1.912844.114 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 46.0%** | &nbsp;&nbsp;**Common Stocks - 46.0%** | &nbsp;&nbsp;**Common Stocks - 46.0%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 1.5%  |  |  |
| Communication Services - 0.0% |  |  |
| Interactive Media & Services - 0.0% |  |  |
| CAR Group Ltd  | 1494185 | 34249673 |
| Consumer Discretionary - 0.1% |  |  |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Aristocrat Leisure Ltd  | 1018230 | 40956306 |
| Consumer Staples - 0.1% |  |  |
| Beverages - 0.1% |  |  |
| Treasury Wine Estates Ltd  | 8873756 | 48276996 |
| Consumer Staples Distribution & Retail - 0.0% |  |  |
| Coles Group Ltd  | 1830710 | 25489634 |
| TOTAL CONSUMER STAPLES |  | 73766630 |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Whitehaven Coal Ltd  | 9261700 | 33193711 |
| Financials - 0.4% |  |  |
| Banks - 0.1% |  |  |
| Westpac Banking Corp  | 1664660 | 34938177 |
| Capital Markets - 0.2% |  |  |
| Macquarie Group Ltd  | 794047 | 109641824 |
| Insurance - 0.1% |  |  |
| Steadfast Group Ltd  | 9116390 | 33848208 |
| TOTAL FINANCIALS |  | 178428209 |
| Health Care - 0.0% |  |  |
| Health Care Providers & Services - 0.0% |  |  |
| Sonic Healthcare Ltd  | 739490 | 12712928 |
| Industrials - 0.1% |  |  |
| Commercial Services & Supplies - 0.1% |  |  |
| Brambles Ltd  | 2446260 | 36591796 |
| Materials - 0.6% |  |  |
| Metals & Mining - 0.6% |  |  |
| BHP Group Ltd  | 3612414 | 88738992 |
| Glencore PLC  | 27310500 | 103914949 |
| Northern Star Resources Ltd  | 2016780 | 27274343 |
| Rio Tinto Ltd  | 913390 | 66330963 |
|  |  | 286259247 |
| Real Estate - 0.2% |  |  |
| Diversified REITs - 0.1% |  |  |
| GPT Group/The unit  | 12479610 | 38612912 |
| Specialized REITs - 0.1% |  |  |
| National Storage REIT unit  | 29699645 | 44223544 |
| TOTAL REAL ESTATE |  | 82836456 |
| TOTAL AUSTRALIA |  | 778994956 |
| AUSTRIA - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Erste Group Bank AG  | 56200 | 4521101 |
| BAILIWICK OF JERSEY - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Capital Markets - 0.0% |  |  |
| JTC PLC (b)(c) | 1098500 | 12388135 |
| BELGIUM - 0.9%  |  |  |
| Consumer Staples - 0.2% |  |  |
| Beverages - 0.2% |  |  |
| Anheuser-Busch InBev SA/NV  | 1323990 | 93490983 |
| Financials - 0.4% |  |  |
| Banks - 0.4% |  |  |
| KBC Group NV  | 1827540 | 180448982 |
| Health Care - 0.3% |  |  |
| Pharmaceuticals - 0.3% |  |  |
| UCB SA  | 783209 | 142198216 |
| Industrials - 0.0% |  |  |
| Trading Companies & Distributors - 0.0% |  |  |
| Azelis Group NV  | 713050 | 11796347 |
| Real Estate - 0.0% |  |  |
| Industrial REITs - 0.0% |  |  |
| Warehouses De Pauw CVA  | 916173 | 22324165 |
| TOTAL BELGIUM |  | 450258693 |
| BRAZIL - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Broadline Retail - 0.1% |  |  |
| MercadoLibre Inc (d) | 17278 | 44288525 |
| CANADA - 0.5%  |  |  |
| Financials - 0.1% |  |  |
| Capital Markets - 0.1% |  |  |
| Brookfield Asset Management Ltd Class A (United States) (e) | 761490 | 42719589 |
| Industrials - 0.0% |  |  |
| Professional Services - 0.0% |  |  |
| Thomson Reuters Corp  | 182914 | 36341554 |
| Information Technology - 0.4% |  |  |
| IT Services - 0.1% |  |  |
| Shopify Inc Class A (United States) (d) | 456284 | 48922770 |
| Software - 0.3% |  |  |
| Constellation Software Inc/Canada  | 39019 | 141472059 |
| Lumine Group Inc Subordinate Voting Shares (c)(d) | 224600 | 7603684 |
|  |  | 149075743 |
| TOTAL INFORMATION TECHNOLOGY |  | 197998513 |
| TOTAL CANADA |  | 277059656 |
| CHILE - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| Antofagasta PLC  | 794070 | 18942406 |
| CHINA - 0.5%  |  |  |
| Communication Services - 0.2% |  |  |
| Interactive Media & Services - 0.2% |  |  |
| Tencent Holdings Ltd  | 1258261 | 79324113 |
| Consumer Discretionary - 0.2% |  |  |
| Broadline Retail - 0.2% |  |  |
| Prosus NV Class N  | 2334720 | 119930368 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| BOC Hong Kong Holdings Ltd  | 4784550 | 20197243 |
| Industrials - 0.1% |  |  |
| Marine Transportation - 0.1% |  |  |
| SITC International Holdings Co Ltd  | 9619900 | 30732741 |
| TOTAL CHINA |  | 250184465 |
| DENMARK - 1.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Danske Bank A/S  | 434575 | 16652788 |
| Health Care - 0.5% |  |  |
| Pharmaceuticals - 0.5% |  |  |
| Novo Nordisk A/S Series B  | 3555353 | 252600147 |
| Industrials - 0.4% |  |  |
| Air Freight & Logistics - 0.4% |  |  |
| DSV A/S  | 776761 | 182915207 |
| Materials - 0.1% |  |  |
| Chemicals - 0.1% |  |  |
| Novonesis Novozymes B Series B  | 534100 | 37632864 |
| TOTAL DENMARK |  | 489801006 |
| FINLAND - 0.5%  |  |  |
| Financials - 0.2% |  |  |
| Insurance - 0.2% |  |  |
| Mandatum Holding Oy  | 942700 | 5538191 |
| Sampo Oyj A Shares  | 8745220 | 93300026 |
|  |  | 98838217 |
| Information Technology - 0.1% |  |  |
| Communications Equipment - 0.1% |  |  |
| Nokia Oyj  | 7533050 | 39204246 |
| Materials - 0.1% |  |  |
| Paper & Forest Products - 0.1% |  |  |
| UPM-Kymmene Oyj  | 1617830 | 44777077 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| Fortum Oyj  | 3020210 | 52125321 |
| TOTAL FINLAND |  | 234944861 |
| FRANCE - 4.7%  |  |  |
| Communication Services - 0.2% |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |
| Orange SA  | 2085410 | 31125613 |
| Entertainment - 0.0% |  |  |
| Vivendi SE  | 5605000 | 18895302 |
| Media - 0.1% |  |  |
| Canal+ SA  | 3737500 | 10519620 |
| Louis Hachette Group  | 3935100 | 7334401 |
| Publicis Groupe SA  | 326810 | 35624466 |
|  |  | 53478487 |
| TOTAL COMMUNICATION SERVICES |  | 103499402 |
| Consumer Discretionary - 0.7% |  |  |
| Automobile Components - 0.1% |  |  |
| Cie Generale des Etablissements Michelin SCA Series B  | 1196355 | 45771374 |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Accor SA  | 1142700 | 60657130 |
| Household Durables - 0.0% |  |  |
| SEB SA  | 115725 | 11484356 |
| Textiles, Apparel & Luxury Goods - 0.5% |  |  |
| Hermes International SCA  | 64446 | 177669411 |
| LVMH Moet Hennessy Louis Vuitton SE  | 115421 | 62605131 |
|  |  | 240274542 |
| TOTAL CONSUMER DISCRETIONARY |  | 358187402 |
| Consumer Staples - 0.5% |  |  |
| Beverages - 0.1% |  |  |
| Pernod Ricard SA  | 391550 | 40466167 |
| Food Products - 0.4% |  |  |
| Danone SA  | 2441220 | 208717752 |
| TOTAL CONSUMER STAPLES |  | 249183919 |
| Energy - 0.2% |  |  |
| Energy Equipment & Services - 0.1% |  |  |
| Vallourec SACA  | 2774680 | 46989862 |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| TotalEnergies SE  | 1227958 | 72287630 |
| TOTAL ENERGY |  | 119277492 |
| Financials - 0.9% |  |  |
| Banks - 0.4% |  |  |
| BNP Paribas SA  | 2042390 | 178861288 |
| Capital Markets - 0.0% |  |  |
| Amundi SA (b)(c) | 189010 | 15419829 |
| Insurance - 0.5% |  |  |
| AXA SA  | 5713930 | 269329372 |
| TOTAL FINANCIALS |  | 463610489 |
| Health Care - 0.2% |  |  |
| Health Care Equipment & Supplies - 0.2% |  |  |
| EssilorLuxottica SA  | 420460 | 116822547 |
| EssilorLuxottica SA rights (d)(f) | 513490 | 2303017 |
|  |  | 119125564 |
| Industrials - 1.2% |  |  |
| Aerospace & Defense - 0.8% |  |  |
| Dassault Aviation SA  | 23142 | 8376975 |
| Safran SA  | 803819 | 238578809 |
| Thales SA  | 473330 | 144967477 |
|  |  | 391923261 |
| Building Products - 0.3% |  |  |
| Cie de Saint-Gobain SA  | 1290484 | 145287806 |
| Electrical Equipment - 0.1% |  |  |
| Legrand SA  | 272690 | 33114486 |
| TOTAL INDUSTRIALS |  | 570325553 |
| Information Technology - 0.2% |  |  |
| IT Services - 0.0% |  |  |
| Alten SA  | 298000 | 24768251 |
| Software - 0.2% |  |  |
| Dassault Systemes SE  | 1814440 | 68038675 |
| TOTAL INFORMATION TECHNOLOGY |  | 92806926 |
| Materials - 0.6% |  |  |
| Chemicals - 0.6% |  |  |
| Air Liquide SA  | 1480115 | 306693044 |
| TOTAL FRANCE |  | 2382709791 |
| GERMANY - 6.1%  |  |  |
| Communication Services - 0.6% |  |  |
| Diversified Telecommunication Services - 0.6% |  |  |
| Deutsche Telekom AG  | 7742143 | 293182860 |
| Consumer Discretionary - 0.2% |  |  |
| Automobiles - 0.2% |  |  |
| Bayerische Motoren Werke AG  | 841140 | 74591155 |
| Specialty Retail - 0.0% |  |  |
| Auto1 Group SE (b)(c)(d) | 574522 | 15395248 |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| adidas AG  | 94680 | 23597217 |
| TOTAL CONSUMER DISCRETIONARY |  | 113583620 |
| Financials - 1.7% |  |  |
| Banks - 0.1% |  |  |
| Commerzbank AG  | 2189700 | 66607839 |
| Capital Markets - 0.4% |  |  |
| Deutsche Bank AG  | 1664200 | 46031043 |
| Deutsche Boerse AG  | 541560 | 174462943 |
|  |  | 220493986 |
| Insurance - 1.2% |  |  |
| Allianz SE  | 570975 | 226456385 |
| Hannover Rueck SE  | 609210 | 192576934 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen  | 271702 | 176028308 |
|  |  | 595061627 |
| TOTAL FINANCIALS |  | 882163452 |
| Health Care - 0.5% |  |  |
| Health Care Providers & Services - 0.4% |  |  |
| Fresenius SE & Co KGaA  | 3271827 | 160413526 |
| Pharmaceuticals - 0.1% |  |  |
| Bayer AG  | 662600 | 18654525 |
| Merck KGaA  | 373040 | 48882743 |
|  |  | 67537268 |
| TOTAL HEALTH CARE |  | 227950794 |
| Industrials - 1.5% |  |  |
| Aerospace & Defense - 0.7% |  |  |
| MTU Aero Engines AG  | 197324 | 78530063 |
| Rheinmetall AG  | 104843 | 224706592 |
|  |  | 303236655 |
| Air Freight & Logistics - 0.2% |  |  |
| Deutsche Post AG  | 2293568 | 102918942 |
| Electrical Equipment - 0.2% |  |  |
| Siemens Energy AG (d) | 1128857 | 110318164 |
| Industrial Conglomerates - 0.4% |  |  |
| Siemens AG  | 932992 | 224406316 |
| Machinery - 0.0% |  |  |
| Daimler Truck Holding AG  | 464400 | 20148247 |
| TOTAL INDUSTRIALS |  | 761028324 |
| Information Technology - 1.0% |  |  |
| Software - 1.0% |  |  |
| SAP SE  | 1604267 | 485323123 |
| Materials - 0.3% |  |  |
| Chemicals - 0.1% |  |  |
| BASF SE  | 691000 | 33321420 |
| Covestro AG  | 240900 | 16548559 |
|  |  | 49869979 |
| Construction Materials - 0.2% |  |  |
| Heidelberg Materials AG  | 438975 | 86044038 |
| TOTAL MATERIALS |  | 135914017 |
| Real Estate - 0.1% |  |  |
| Real Estate Management & Development - 0.1% |  |  |
| LEG Immobilien SE (e) | 453790 | 38515375 |
| LEG Immobilien SE rights (d)(f) | 453790 | 1391191 |
| Vonovia SE (e) | 923546 | 30232300 |
| Vonovia SE rights (d)(f) | 923546 | 1279341 |
|  |  | 71418207 |
| Utilities - 0.2% |  |  |
| Independent Power and Renewable Electricity Producers - 0.1% |  |  |
| RWE AG  | 1101220 | 41463329 |
| Multi-Utilities - 0.1% |  |  |
| E.ON SE  | 2913910 | 51069491 |
| TOTAL UTILITIES |  | 92532820 |
| TOTAL GERMANY |  | 3063097217 |
| HONG KONG - 0.5%  |  |  |
| Communication Services - 0.0% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| HKT Trust & HKT Ltd unit  | 13616140 | 19622551 |
| Financials - 0.5% |  |  |
| Capital Markets - 0.1% |  |  |
| Hong Kong Exchanges & Clearing Ltd  | 650610 | 32546354 |
| Insurance - 0.4% |  |  |
| AIA Group Ltd  | 11399730 | 95444807 |
| Prudential PLC  | 7625450 | 86730002 |
|  |  | 182174809 |
| TOTAL FINANCIALS |  | 214721163 |
| Real Estate - 0.0% |  |  |
| Retail REITs - 0.0% |  |  |
| Link REIT  | 3069877 | 16306434 |
| TOTAL HONG KONG |  | 250650148 |
| INDIA - 0.4%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Reliance Industries Ltd GDR (b) | 473700 | 31169460 |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| HDFC Bank Ltd/Gandhinagar ADR  | 1371165 | 103372129 |
| ICICI Bank Ltd ADR  | 1379200 | 47223808 |
|  |  | 150595937 |
| TOTAL INDIA |  | 181765397 |
| INDONESIA - 0.2%  |  |  |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| Bank Central Asia Tbk PT  | 139635400 | 80554613 |
| IRELAND - 0.3%  |  |  |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| AIB Group PLC  | 3699070 | 29184652 |
| Industrials - 0.2% |  |  |
| Building Products - 0.2% |  |  |
| Kingspan Group PLC  | 1397716 | 119821266 |
| TOTAL IRELAND |  | 149005918 |
| ISRAEL - 0.3%  |  |  |
| Financials - 0.1% |  |  |
| Banks - 0.1% |  |  |
| Bank Hapoalim BM  | 2233793 | 37440748 |
| Bank Leumi Le-Israel BM  | 1676459 | 27025655 |
|  |  | 64466403 |
| Health Care - 0.2% |  |  |
| Pharmaceuticals - 0.2% |  |  |
| Teva Pharmaceutical Industries Ltd ADR (d) | 4478070 | 75142015 |
| Information Technology - 0.0% |  |  |
| IT Services - 0.0% |  |  |
| Wix.com Ltd (d) | 56931 | 8479872 |
| TOTAL ISRAEL |  | 148088290 |
| ITALY - 1.8%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Automobile Components - 0.1% |  |  |
| Pirelli & C SpA (b)(c) | 5172970 | 37003987 |
| Automobiles - 0.0% |  |  |
| Ferrari NV (Italy)  | 73977 | 35396414 |
| TOTAL CONSUMER DISCRETIONARY |  | 72400401 |
| Consumer Staples - 0.1% |  |  |
| Beverages - 0.1% |  |  |
| Coca-Cola HBC AG  | 602640 | 31358166 |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Eni SpA  | 2657000 | 39182921 |
| Financials - 1.1% |  |  |
| Banks - 1.1% |  |  |
| FinecoBank Banca Fineco SpA  | 2654384 | 57324764 |
| Intesa Sanpaolo SpA (e) | 15083470 | 84206944 |
| Mediobanca Banca di Credito Finanziario SpA (e) | 3920700 | 93130794 |
| UniCredit SpA  | 4607998 | 296324215 |
|  |  | 530986717 |
| Health Care - 0.2% |  |  |
| Pharmaceuticals - 0.2% |  |  |
| Recordati Industria Chimica e Farmaceutica SpA  | 1790660 | 107353218 |
| Industrials - 0.2% |  |  |
| Electrical Equipment - 0.1% |  |  |
| Prysmian SpA  | 1126865 | 72470988 |
| Machinery - 0.0% |  |  |
| GVS SpA (b)(c)(d) | 190400 | 922049 |
| Interpump Group SpA  | 219500 | 8558602 |
|  |  | 9480651 |
| Passenger Airlines - 0.1% |  |  |
| Ryanair Holdings PLC ADR  | 536150 | 29809940 |
| TOTAL INDUSTRIALS |  | 111761579 |
| TOTAL ITALY |  | 893043002 |
| JAPAN - 8.4%  |  |  |
| Communication Services - 0.7% |  |  |
| Entertainment - 0.5% |  |  |
| Capcom Co Ltd  | 1316500 | 39340838 |
| Nintendo Co Ltd  | 2431980 | 198416613 |
|  |  | 237757451 |
| Interactive Media & Services - 0.2% |  |  |
| LY Corp  | 22895430 | 82558248 |
| Wireless Telecommunication Services - 0.0% |  |  |
| SoftBank Group Corp  | 617690 | 32267115 |
| TOTAL COMMUNICATION SERVICES |  | 352582814 |
| Consumer Discretionary - 1.3% |  |  |
| Automobile Components - 0.1% |  |  |
| Sumitomo Electric Industries Ltd  | 3533350 | 74114660 |
| Automobiles - 0.4% |  |  |
| Isuzu Motors Ltd  | 2685560 | 36300334 |
| Toyota Motor Corp  | 9526200 | 181361778 |
|  |  | 217662112 |
| Broadline Retail - 0.1% |  |  |
| Pan Pacific International Holdings Corp  | 1451920 | 47817150 |
| Ryohin Keikaku Co Ltd  | 422900 | 16141961 |
|  |  | 63959111 |
| Household Durables - 0.6% |  |  |
| Panasonic Holdings Corp  | 4087200 | 46845314 |
| Sony Group Corp  | 6045600 | 161816113 |
| Sumitomo Forestry Co Ltd (e) | 655900 | 19185400 |
|  |  | 227846827 |
| Specialty Retail - 0.1% |  |  |
| Fast Retailing Co Ltd  | 211770 | 70538353 |
| TOTAL CONSUMER DISCRETIONARY |  | 654121063 |
| Consumer Staples - 0.4% |  |  |
| Beverages - 0.1% |  |  |
| Asahi Group Holdings Ltd  | 4386300 | 57811540 |
| Food Products - 0.3% |  |  |
| Ajinomoto Co Inc  | 6302700 | 157566741 |
| TOTAL CONSUMER STAPLES |  | 215378281 |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Inpex Corp  | 3428870 | 45850051 |
| Financials - 1.7% |  |  |
| Banks - 1.0% |  |  |
| Chiba Bank Ltd/The  | 5065820 | 46039065 |
| Mitsubishi UFJ Financial Group Inc  | 9387200 | 131311093 |
| Mizuho Financial Group Inc  | 3444310 | 95780291 |
| Sumitomo Mitsui Financial Group Inc  | 9518870 | 244548708 |
|  |  | 517679157 |
| Financial Services - 0.2% |  |  |
| ORIX Corp  | 4308120 | 91297042 |
| Insurance - 0.5% |  |  |
| Tokio Marine Holdings Inc  | 5690590 | 240668311 |
| TOTAL FINANCIALS |  | 849644510 |
| Health Care - 0.4% |  |  |
| Health Care Equipment & Supplies - 0.3% |  |  |
| Hoya Corp  | 932250 | 110068892 |
| Pharmaceuticals - 0.1% |  |  |
| Daiichi Sankyo Co Ltd  | 2824440 | 75169373 |
| TOTAL HEALTH CARE |  | 185238265 |
| Industrials - 2.4% |  |  |
| Electrical Equipment - 0.1% |  |  |
| Fuji Electric Co Ltd  | 491450 | 21708254 |
| NIDEC CORP  | 2623500 | 50935068 |
|  |  | 72643322 |
| Industrial Conglomerates - 1.0% |  |  |
| Hikari Tsushin Inc  | 67400 | 18426742 |
| Hitachi Ltd  | 17074308 | 475695847 |
|  |  | 494122589 |
| Machinery - 0.7% |  |  |
| Ebara Corp  | 2438010 | 38988072 |
| Kawasaki Heavy Industries Ltd  | 307840 | 21587193 |
| MINEBEA MITSUMI Inc  | 853600 | 11927914 |
| Mitsubishi Heavy Industries Ltd  | 10114405 | 232898344 |
| SMC Corp  | 82400 | 30896863 |
| Sumitomo Heavy Industries Ltd  | 1935140 | 40467903 |
|  |  | 376766289 |
| Professional Services - 0.1% |  |  |
| BayCurrent Inc  | 619200 | 32908503 |
| Trading Companies & Distributors - 0.5% |  |  |
| ITOCHU Corp  | 2509539 | 133196840 |
| Marubeni Corp  | 1239100 | 25115684 |
| Mitsui & Co Ltd  | 2172500 | 45364318 |
| Sumitomo Corp  | 1198700 | 30526780 |
|  |  | 234203622 |
| TOTAL INDUSTRIALS |  | 1210644325 |
| Information Technology - 1.1% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| Ibiden Co Ltd  | 1306730 | 53678592 |
| IT Services - 0.3% |  |  |
| Fujitsu Ltd  | 1934600 | 44306960 |
| NEC Corp  | 1061000 | 27695638 |
| SCSK Corp  | 244100 | 7448786 |
| TIS Inc  | 1739770 | 57405942 |
|  |  | 136857326 |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| Advantest Corp  | 707990 | 35807445 |
| Renesas Electronics Corp  | 3258350 | 39574050 |
| Tokyo Electron Ltd  | 318280 | 50086141 |
|  |  | 125467636 |
| Technology Hardware, Storage & Peripherals - 0.5% |  |  |
| Canon Inc  | 1280200 | 39108840 |
| FUJIFILM Holdings Corp  | 8093850 | 182700140 |
|  |  | 221808980 |
| TOTAL INFORMATION TECHNOLOGY |  | 537812534 |
| Materials - 0.3% |  |  |
| Chemicals - 0.3% |  |  |
| Kuraray Co Ltd  | 1427300 | 18071630 |
| Shin-Etsu Chemical Co Ltd  | 3480440 | 111131042 |
|  |  | 129202672 |
| Real Estate - 0.1% |  |  |
| Real Estate Management & Development - 0.1% |  |  |
| Mitsubishi Estate Co Ltd  | 3380180 | 61431374 |
| TOTAL JAPAN |  | 4241905889 |
| NETHERLANDS - 1.7%  |  |  |
| Communication Services - 0.2% |  |  |
| Entertainment - 0.2% |  |  |
| Universal Music Group NV  | 3491910 | 111732294 |
| Universal Music Group NV rights (d)(f) | 3491910 | 1110169 |
|  |  | 112842463 |
| Media - 0.0% |  |  |
| Havas NV  | 3918400 | 6858361 |
| TOTAL COMMUNICATION SERVICES |  | 119700824 |
| Financials - 0.1% |  |  |
| Insurance - 0.1% |  |  |
| ASR Nederland NV (e) | 579750 | 37179492 |
| Health Care - 0.2% |  |  |
| Biotechnology - 0.2% |  |  |
| Argenx SE (d) | 172283 | 98851247 |
| Industrials - 0.5% |  |  |
| Professional Services - 0.4% |  |  |
| Wolters Kluwer NV  | 1155778 | 205116887 |
| Wolters Kluwer NV rights (d)(f) | 1157279 | 1971048 |
|  |  | 207087935 |
| Trading Companies & Distributors - 0.1% |  |  |
| IMCD NV (e) | 364911 | 49513414 |
| TOTAL INDUSTRIALS |  | 256601349 |
| Information Technology - 0.7% |  |  |
| Semiconductors & Semiconductor Equipment - 0.7% |  |  |
| ASM International NV  | 187821 | 102280146 |
| ASML Holding NV  | 276270 | 203539220 |
| BE Semiconductor Industries NV  | 160373 | 19402277 |
|  |  | 325221643 |
| Software - 0.0% |  |  |
| Topicus.com Inc (d) | 44100 | 5768493 |
| TOTAL INFORMATION TECHNOLOGY |  | 330990136 |
| TOTAL NETHERLANDS |  | 843323048 |
| NORWAY - 0.1%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Equinor ASA  | 1459787 | 34174812 |
| SINGAPORE - 0.5%  |  |  |
| Communication Services - 0.2% |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |
| Singapore Telecommunications Ltd  | 22823300 | 67382320 |
| Entertainment - 0.1% |  |  |
| Sea Ltd Class A ADR (d) | 281580 | 45156984 |
| TOTAL COMMUNICATION SERVICES |  | 112539304 |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| United Overseas Bank Ltd  | 4878953 | 133951329 |
| TOTAL SINGAPORE |  | 246490633 |
| SOUTH AFRICA - 0.1%  |  |  |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Thungela Resources Ltd (United Kingdom)  | 258200 | 1316747 |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Anglo American PLC  | 2364050 | 70233721 |
| TOTAL SOUTH AFRICA |  | 71550468 |
| SPAIN - 1.7%  |  |  |
| Financials - 1.3% |  |  |
| Banks - 1.3% |  |  |
| Banco Santander SA  | 49057043 | 391360175 |
| Bankinter SA  | 6221305 | 80105541 |
| CaixaBank SA  | 23048999 | 195516087 |
|  |  | 666981803 |
| Industrials - 0.1% |  |  |
| Transportation Infrastructure - 0.1% |  |  |
| Aena SME SA (b)(c) | 196539 | 52888969 |
| Utilities - 0.3% |  |  |
| Electric Utilities - 0.3% |  |  |
| Iberdrola SA  | 7508317 | 137625669 |
| TOTAL SPAIN |  | 857496441 |
| SWEDEN - 0.7%  |  |  |
| Financials - 0.3% |  |  |
| Financial Services - 0.3% |  |  |
| Investor AB B Shares  | 5022700 | 147847432 |
| Health Care - 0.0% |  |  |
| Life Sciences Tools & Services - 0.0% |  |  |
| AddLife AB B Shares  | 1001600 | 19265255 |
| Industrials - 0.4% |  |  |
| Building Products - 0.1% |  |  |
| Assa Abloy AB B Shares  | 1879125 | 59644533 |
| Machinery - 0.3% |  |  |
| Atlas Copco AB A Shares  | 4467080 | 71753987 |
| Indutrade AB  | 2613899 | 70834933 |
|  |  | 142588920 |
| TOTAL INDUSTRIALS |  | 202233453 |
| TOTAL SWEDEN |  | 369346140 |
| SWITZERLAND - 1.5%  |  |  |
| Consumer Discretionary - 0.2% |  |  |
| Textiles, Apparel & Luxury Goods - 0.2% |  |  |
| Cie Financiere Richemont SA Series A  | 455315 | 85921206 |
| Financials - 1.2% |  |  |
| Capital Markets - 0.6% |  |  |
| Partners Group Holding AG  | 117144 | 156856243 |
| UBS Group AG  | 3438158 | 109411128 |
| UBS Group AG (United States)  | 804387 | 25651901 |
|  |  | 291919272 |
| Insurance - 0.6% |  |  |
| Swiss Life Holding AG  | 57250 | 57138700 |
| Zurich Insurance Group AG  | 376525 | 264108859 |
|  |  | 321247559 |
| TOTAL FINANCIALS |  | 613166831 |
| Industrials - 0.1% |  |  |
| Machinery - 0.1% |  |  |
| Schindler Holding AG  | 139559 | 49583295 |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| DSM-Firmenich AG  | 222200 | 24735086 |
| TOTAL SWITZERLAND |  | 773406418 |
| TAIWAN - 0.4%  |  |  |
| Information Technology - 0.4% |  |  |
| Semiconductors & Semiconductor Equipment - 0.4% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd  | 6097072 | 194827571 |
| UNITED KINGDOM - 6.2%  |  |  |
| Consumer Discretionary - 0.9% |  |  |
| Broadline Retail - 0.0% |  |  |
| B&M European Value Retail SA  | 2235300 | 10297110 |
| Hotels, Restaurants & Leisure - 0.7% |  |  |
| Compass Group PLC  | 4720284 | 165978714 |
| InterContinental Hotels Group PLC  | 1014019 | 116194542 |
|  |  | 282173256 |
| Household Durables - 0.2% |  |  |
| Barratt Redrow PLC  | 18662606 | 115868446 |
| Leisure Products - 0.0% |  |  |
| Games Workshop Group PLC  | 108335 | 22376459 |
| Specialty Retail - 0.0% |  |  |
| JD Sports Fashion PLC  | 5700300 | 6464901 |
| TOTAL CONSUMER DISCRETIONARY |  | 437180172 |
| Consumer Staples - 0.7% |  |  |
| Consumer Staples Distribution & Retail - 0.1% |  |  |
| Tesco PLC  | 6009000 | 31442880 |
| Personal Care Products - 0.2% |  |  |
| Unilever PLC  | 1490863 | 94880538 |
| Tobacco - 0.4% |  |  |
| British American Tobacco PLC  | 615200 | 27695325 |
| Imperial Brands PLC  | 4763115 | 180639694 |
|  |  | 208335019 |
| TOTAL CONSUMER STAPLES |  | 334658437 |
| Financials - 2.1% |  |  |
| Banks - 1.3% |  |  |
| HSBC Holdings PLC  | 21092670 | 248493355 |
| Lloyds Banking Group PLC  | 164849023 | 171708201 |
| NatWest Group PLC  | 13943800 | 99012876 |
| Standard Chartered PLC  | 6752480 | 105347237 |
|  |  | 624561669 |
| Capital Markets - 0.7% |  |  |
| 3i Group PLC  | 3408675 | 187222061 |
| London Stock Exchange Group PLC  | 1242591 | 189068789 |
|  |  | 376290850 |
| Insurance - 0.1% |  |  |
| Admiral Group PLC  | 772550 | 34869990 |
| Beazley PLC  | 3162500 | 40202482 |
|  |  | 75072472 |
| TOTAL FINANCIALS |  | 1075924991 |
| Health Care - 0.4% |  |  |
| Health Care Equipment & Supplies - 0.0% |  |  |
| ConvaTec Group PLC (b)(c) | 7661500 | 29915248 |
| Pharmaceuticals - 0.4% |  |  |
| Astrazeneca PLC  | 1251449 | 183317336 |
| TOTAL HEALTH CARE |  | 213232584 |
| Industrials - 1.7% |  |  |
| Aerospace & Defense - 1.0% |  |  |
| BAE Systems PLC  | 9522687 | 244160523 |
| Rolls-Royce Holdings PLC  | 24046489 | 279828565 |
|  |  | 523989088 |
| Professional Services - 0.6% |  |  |
| Intertek Group PLC  | 525300 | 33873535 |
| RELX PLC  | 4955138 | 266656694 |
|  |  | 300530229 |
| Trading Companies & Distributors - 0.1% |  |  |
| Bunzl PLC  | 397900 | 12753113 |
| Diploma PLC  | 570218 | 36001752 |
|  |  | 48754865 |
| TOTAL INDUSTRIALS |  | 873274182 |
| Information Technology - 0.1% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| Halma PLC  | 1974766 | 77319970 |
| Utilities - 0.3% |  |  |
| Electric Utilities - 0.1% |  |  |
| SSE PLC  | 1886760 | 44916312 |
| Multi-Utilities - 0.2% |  |  |
| National Grid PLC  | 6374324 | 89878081 |
| TOTAL UTILITIES |  | 134794393 |
| TOTAL UNITED KINGDOM |  | 3146384729 |
| UNITED STATES - 5.4%  |  |  |
| Communication Services - 0.3% |  |  |
| Entertainment - 0.3% |  |  |
| Spotify Technology SA (d) | 254030 | 168965514 |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| BP PLC  | 4998100 | 24301258 |
| Shell PLC  | 5143655 | 169714531 |
| Shell PLC ADR  | 2443100 | 161782082 |
| Shell PLC rights (d)(f) | 5143655 | 1841428 |
|  |  | 357639299 |
| Financials - 0.9% |  |  |
| Capital Markets - 0.3% |  |  |
| Moody's Corp  | 67541 | 32373752 |
| S&P Global Inc  | 229050 | 117470583 |
|  |  | 149844335 |
| Financial Services - 0.3% |  |  |
| Mastercard Inc Class A  | 63046 | 36919738 |
| Visa Inc Class A  | 297764 | 108740435 |
|  |  | 145660173 |
| Insurance - 0.3% |  |  |
| Arthur J Gallagher & Co  | 100871 | 35046620 |
| Marsh & McLennan Cos Inc  | 523268 | 122266801 |
|  |  | 157313421 |
| TOTAL FINANCIALS |  | 452817929 |
| Health Care - 1.0% |  |  |
| Health Care Equipment & Supplies - 0.3% |  |  |
| Alcon AG  | 1760989 | 151278156 |
| Pharmaceuticals - 0.7% |  |  |
| GSK PLC  | 7301112 | 148314403 |
| Roche Holding AG  | 496569 | 160862183 |
| Sanofi SA  | 389530 | 38579423 |
|  |  | 347756009 |
| TOTAL HEALTH CARE |  | 499034165 |
| Industrials - 1.0% |  |  |
| Building Products - 0.1% |  |  |
| Trane Technologies PLC  | 101947 | 43864736 |
| Commercial Services & Supplies - 0.1% |  |  |
| Waste Connections Inc  | 181818 | 35805831 |
| Construction & Engineering - 0.1% |  |  |
| Ferrovial SE  | 825000 | 42003702 |
| Ferrovial SE rights (d)(e)(f) | 825000 | 298072 |
|  |  | 42301774 |
| Electrical Equipment - 0.5% |  |  |
| Schneider Electric SE  | 1033633 | 260797777 |
| Professional Services - 0.2% |  |  |
| Experian PLC  | 2373947 | 118235150 |
| Trading Companies & Distributors - 0.0% |  |  |
| Ferguson Enterprises Inc (United Kingdom)  | 91400 | 16661896 |
| TOTAL INDUSTRIALS |  | 517667164 |
| Information Technology - 0.2% |  |  |
| Semiconductors & Semiconductor Equipment - 0.1% |  |  |
| Broadcom Inc  | 155040 | 37530533 |
| Software - 0.1% |  |  |
| Monday.com Ltd (d) | 147670 | 43930348 |
| Synopsys Inc (d) | 17995 | 8349320 |
|  |  | 52279668 |
| TOTAL INFORMATION TECHNOLOGY |  | 89810201 |
| Materials - 1.3% |  |  |
| Chemicals - 0.3% |  |  |
| Linde PLC  | 375805 | 175718902 |
| Construction Materials - 1.0% |  |  |
| CRH PLC  | 1666800 | 151945488 |
| Holcim AG  | 2804873 | 310808517 |
|  |  | 462754005 |
| TOTAL MATERIALS |  | 638472907 |
| TOTAL UNITED STATES |  | 2724407179 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $18,647,219,282) |  | <br> **23213611508** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 0.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 0.0%** | &nbsp;&nbsp;**Domestic Equity Funds - 0.0%** |
|  | Shares | Value ($)<br>|
| Fidelity SAI Inflation-Focused Fund (g)<br>(Cost $1,109)<br>| 14 | **1185** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**International Equity Funds - 49.4%** | &nbsp;&nbsp;**International Equity Funds - 49.4%** | &nbsp;&nbsp;**International Equity Funds - 49.4%** |
|  | Shares | Value ($)<br>|
| Fidelity Advisor International Discovery Fund - Class Z (g) | 72390801 | 3969187639 |
| Fidelity Advisor International Growth Fund - Class Z (g) | 40003857 | 874484321 |
| Fidelity Advisor International Real Estate Fund - Class Z (g) | 8200950 | 82337543 |
| Fidelity Advisor International Small Cap Opportunities Fund - Class Z (g) | 6213721 | 138441699 |
| Fidelity Advisor Japan Fund - Class Z (g) | 9715552 | 180320637 |
| Fidelity Diversified International Fund (g) | 77279280 | 3754227439 |
| Fidelity Japan Smaller Companies Fund (g) | 3117355 | 55146007 |
| Fidelity Pacific Basin Fund (g) | 3631096 | 122331640 |
| Fidelity SAI International Index Fund (g) | 193434350 | 3112358685 |
| Fidelity SAI International Low Volatility Index Fund (g) | 247128610 | 3121234341 |
| Fidelity SAI International Momentum Index Fund (g) | 30763127 | 504822909 |
| Fidelity SAI International Quality Index Fund (g) | 69496713 | 959054645 |
| Fidelity SAI International Small Cap Index Fund (g) | 62779489 | 593893970 |
| Fidelity SAI International Value Index Fund (g) | 638610241 | 7267384549 |
| Fidelity SAI Japan Stock Index Fund (g) | 10983515 | 119830145 |
| iShares MSCI India ETF (e) | 1515602 | 82312344 |
| <br> **TOTAL INTERNATIONAL EQUITY FUNDS**<br> (Cost $20,598,788,080) |  | **24937368513** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** |
|  | Shares | Value ($)<br>|
| GERMANY - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Automobiles - 0.0% |  |  |
| Porsche Automobil Holding SE <br>(Cost $16,500,813)<br>| 329000 | **13153341** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.1%** |
|  | Yield (%) (h) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 7/10/2025 (i) | 4.25 | 2020000 | 2010991 |
| US Treasury Bills 0% 7/17/2025 (i) | 4.24 | 6020000 | 5988227 |
| US Treasury Bills 0% 7/31/2025 (i) | 4.22 to 4.26 | 29790000 | 29583603 |
| US Treasury Bills 0% 8/14/2025 (i) | 4.29 to 4.32 | 10190000 | 10102389 |
| US Treasury Bills 0% 8/21/2025 (i) | 4.25 to 4.29 | 8200000 | 8122852 |
| US Treasury Bills 0% 8/28/2025 (i) | 4.27 to 4.29 | 1730000 | 1712272 |
| US Treasury Bills 0% 8/7/2025 (i) | 4.25 to 4.32 | 15620000 | 15498867 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $73,012,215) |  |  | **73019201** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 4.7%** | &nbsp;&nbsp;**Money Market Funds - 4.7%** | &nbsp;&nbsp;**Money Market Funds - 4.7%** | &nbsp;&nbsp;**Money Market Funds - 4.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (j) | 4.32 | 258415962 | 258467646 |
| Fidelity Securities Lending Cash Central Fund (j)(k) | 4.32 | 383286609 | 383324938 |
| State Street Institutional U.S. Government Money Market Fund Premier Class (l) | 4.27 | 1736793999 | 1736793999 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $2,378,586,583) |  |  | **2378586583** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.2%**<br> (Cost $41,714,108,082)<br>| <br>**50615740331** |
| **NET OTHER ASSETS (LIABILITIES) - (0.2)%**  | **(76110525)** |
| **NET ASSETS - 100.0%** | **50539629806** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  | &nbsp;&nbsp;**Futures Contracts**  |
|  | Number <br> of contracts | Expiration <br> Date | Notional <br> Amount ($)<br>| Value ($)<br>| Unrealized<br> Appreciation/<br> (Depreciation) ($)<br>|
| Purchased |  |  |  |  |  |
| Equity Contracts |  |  |  |  |  |
| CME Nikkei 225 Index Contracts (United States) | 250 | Jun 2025 | 47156250 | 699973 | 699973 |
| ICE MSCI EAFE Index Contracts (United States) | 13309 | Jun 2025 | 1733164525 | 55263918 | 55263918 |
| **TOTAL FUTURES CONTRACTS** |  |  |  |  | **55963891** |
| The notional amount of futures purchased as a percentage of Net Assets is 3.5% | The notional amount of futures purchased as a percentage of Net Assets is 3.5% | The notional amount of futures purchased as a percentage of Net Assets is 3.5% | The notional amount of futures purchased as a percentage of Net Assets is 3.5% | The notional amount of futures purchased as a percentage of Net Assets is 3.5% | The notional amount of futures purchased as a percentage of Net Assets is 3.5% |

---

**Security Type Abbreviations**

ETF - EXCHANGE-TRADED FUND

**Legend**

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

(b) 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 $195,102,925 or 0.4% of net assets.

(c) 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 $171,537,149 or 0.3% of net assets.

(d) Non-income producing

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

(f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(g) Affiliated Fund

(h) 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.

(i) 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 $73,019,212.

(j) 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.

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

(l) The rate quoted is the annualized seven-day yield of the fund at period end.

**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 | 139844539 | 1006812512 | 888189405 | 3241668 | - | - | 258467646 | 258415962 | 0.5% |
| Fidelity Securities Lending Cash Central Fund | 191564836 | 989021788 | 797261686 | 264760 | - | - | 383324938 | 383286609 | 1.2% |
| Total | 331409375 | 1995834300 | 1685451091 | 3506428 | - | - | 641792584 |  |  |

---

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

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

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 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 |
| Fidelity Diversified International Fund | 3477320392 | - | 10000001 | - | (1170561) | 288077609 | 3754227439 | 77279280 |
| Fidelity International Discovery Fund Class Z | 3650923038 | - | 15000000 | - | (2015905) | 335280506 | 3969187639 | 72390801 |
| Fidelity International Growth Fund Class Z | 848881853 | - | - | - | - | 25602468 | 874484321 | 40003857 |
| Fidelity International Real Estate Fund Class Z | 74382620 | - | - | - | - | 7954923 | 82337543 | 8200950 |
| Fidelity International Small Cap Opportunities Fund Class Z | 125330748 | - | - | - | - | 13110951 | 138441699 | 6213721 |
| Fidelity Japan Fund Class Z | 162346867 | - | - | - | - | 17973770 | 180320637 | 9715552 |
| Fidelity Japan Smaller Companies Fund | 48848950 | - | - | - | - | 6297057 | 55146007 | 3117355 |
| Fidelity Pacific Basin Fund | 116412953 | - | - | - | - | 5918687 | 122331640 | 3631096 |
| Fidelity SAI Inflation-Focused Fund | 1246 | - | - | - | - | (61) | 1185 | 14 |
| Fidelity SAI International Index Fund | 4255393719 | 27999999 | 1451490495 | - | 81599186 | 198856276 | 3112358685 | 193434350 |
| Fidelity SAI International Low Volatility Index Fund | 2822208723 | - | - | - | - | 299025618 | 3121234341 | 247128610 |
| Fidelity SAI International Momentum Index Fund | 450064544 | - | - | - | - | 54758365 | 504822909 | 30763127 |
| Fidelity SAI International Quality Index Fund | 974706347 | - | 75000000 | - | (7352419) | 66700717 | 959054645 | 69496713 |
| Fidelity SAI International Small Cap Index Fund | 528603301 | - | - | - | - | 65290669 | 593893970 | 62779489 |
| Fidelity SAI International Value Index Fund | 6616002102 | - | - | - | - | 651382447 | 7267384549 | 638610241 |
| Fidelity SAI Japan Stock Index Fund | 110823663 | - | - | - | - | 9006482 | 119830145 | 10983515 |
|  | 24262251066 | 27999999 | 1551490496 | - | 71060301 | 2045236484 | 24855057354 |  |

---

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.

Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.

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. If an unaffiliated open-end mutual fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 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 Rutland Square Trust II

- **b. Investment Company Act file number:** 811-21991

- **c. CIK number of Registrant:** 0001364924

- **d. LEI of Registrant:** 1KZ3JN58GDRI3EZKKG06

- **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:** Strategic Advisers Fidelity International Fund

- **b. EDGAR series identifier (if any):** S000029153

- **c. LEI of Series:** 549300RL78WW24QSWN11

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $50971204955.79

**Total Liabilities:** $474443640.75

**Net Assets:** $50496761315.04

**Delayed Delivery Securities:** $10224021.00

**Cash Not Reported:** $288818962.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000089635 | 0.00%                | 4.21%                | 4.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-59754659.93            | $9557518.69                                |
| Month 2  | $-89889811.63            | $1898182574.40                             |
| Month 3  | $60968362.40             | $2097417395.89                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MINEBEA MITSUMI INC                                       | MINEBEA MITSUMI INC                                  | CUSIP: N/A<br>LEI: 353800CCB0CZ75YZ4010       | Long             | EC               | CORP              | JP        |     853600 | NS      | $11927914.01   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG                                         | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     804387 | NS      | $25651901.43   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY WINE ESTATES LTD                                 | TREASURY WINE ESTATES LTD                            | CUSIP: N/A<br>LEI: 529900LVOPJGAX6ILK66       | Long             | EC               | CORP              | AU        |    8873756 | NS      | $48276995.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Oxford Street Trust                              | FIDELITY SAI INFLATION-FOCUSED FUND                  | CUSIP: 31634R406<br>LEI: Z2ZIGDKL3355UQRAKY22 | Long             | EC               | RF                | US        |         14 | NS      | $1185.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANZ SE                                                | ALLIANZ SE (REGD)                                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     570975 | NS      | $226456385.02  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO ELECTRIC INDS LTD                                | SUMITOMO ELECTRIC INDS LTD                           | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |    3533350 | NS      | $74114659.75   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                            | BE SEMICOND INDUS NV (NETH)                          | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |     160373 | NS      | $19402277.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI ELECTRIC CO LTD                                      | FUJI ELECTRIC CO LTD                                 | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |     491450 | NS      | $21708254.46   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HANNOVER RUECK SA                                         | HANNOVER RUECKVERSICHERUNGS SE(REGD)                 | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |     609210 | NS      | $192576934.32  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Name : iShares Ultra Short-Term Bond Active ETF       | iShares MSCI India ETF                               | CUSIP: 46429B598<br>LEI: 549300G3FWQPUM47D181 | Long             | EC               | RF                | US        |    1515602 | NS      | $82312344.62   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| PAN PACIFIC INTERNATIONAL HOLDINGS LTD                    | PAN PACIFIC INTERNATIONAL HOLDINGS LTD               | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               | CORP              | JP        |    1451920 | NS      | $47817150.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA                                              | IBERDROLA SA                                         | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    7508317 | NS      | $137625668.74  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                           | LONDON STOCK EXCHANGE GRP PLC                        | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |    1242591 | NS      | $189068788.82  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| PORSCHE AUTOMOBIL HLDG SE                                 | PORSCHE AUTO HLDG NON-VTG PFD                        | CUSIP: N/A<br>LEI: 52990053Z17ZYM1KFV27       | Long             | EP               | CORP              | DE        |     329000 | NS      | $13153341.13   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LUMINE GROUP INC                                          | LUMINE GROUP INC                                     | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |     224600 | NS      | $7603684.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK AG                                            | COMMERZBANK AG                                       | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |    2189700 | NS      | $66607839.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                                              | SYNOPSYS INC                                         | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      17995 | NS      | $8349320.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUM OYJ                                                | FORTUM OYJ                                           | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |    3020210 | NS      | $52125321.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                                    | RWE AG                                               | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |    1101220 | NS      | $41463328.84   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE                                          | TOTALENERGIES SE                                     | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    1227958 | NS      | $72287629.81   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                               | EQUINOR ASA                                          | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    1459787 | NS      | $34174812.37   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FAST RETAILING CO LTD                                     | FAST RETAILING CO LTD                                | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |     211770 | NS      | $70538352.51   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Concord Street Trust                             | FIDELITY SAI JAPAN STOCK INDEX FUND                  | CUSIP: 315911487<br>LEI: EEX0N4ID1C226M44VF22 | Long             | EC               | RF                | US        |   10983515 | NS      | $119830145.45  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC HOLDINGS PLC                                    | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   21092670 | NS      | $248493354.16  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG IMMOBILIEN GMBH                                       | LEG IMMOBILIEN GMBH RT 12/31/2049                    | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |     453790 | NS      | $1391190.81    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PANASONIC HOLDINGS CORP                                   | PANASONIC HOLDINGS CORP                              | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    4087200 | NS      | $46845314.07   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                 | SHELL PLC SPONS ADR                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    2443100 | NS      | $161782082.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust                                 | FIDELITY INTERNATIONAL DISCOVERY FUND                | CUSIP: 31618H473<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   72390801 | NS      | $3969187638.62 | 7.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WAREHOUSES DE PAUW CVA                                    | WAREHOUSES DE PAUW SCA                               | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |     916173 | NS      | $22324164.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                    | AXA SA                                               | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    5713930 | NS      | $269329371.65  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CAR GROUP LTD                                             | CAR GROUP LTD                                        | CUSIP: N/A<br>LEI: 5299009TFWZGH2AN7D11       | Long             | EC               | CORP              | AU        |    1494185 | NS      | $34249672.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Select Portfolios                                | FIDELITY INTERNATIONAL REAL ESTATE FUNDZ             | CUSIP: 316390152<br>LEI: Z57125JG1LHEQKDYS630 | Long             | EC               | RF                | US        |    8200950 | NS      | $82337542.63   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                              | BRITISH AMERICAN TOBACCO PLC                         | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     317550 | NS      | $14295595.98   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ESSILORLUXOTTICA                                          | ESSILORLUXOTTICA                                     | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |     420460 | NS      | $116822546.73  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI ESTATE CO LTD                                  | MITSUBISHI ESTATE CO LTD                             | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |    3380180 | NS      | $61431373.86   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ASAHI GROUP HOLDINGS LTD                                  | ASAHI GROUP HOLDINGS LTD                             | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |    4386300 | NS      | $57811539.74   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                  | ROLLS-ROYCE HOLDINGS PLC                             | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |   24046489 | NS      | $279828564.08  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BUNZL PLC                                                 | BUNZL PLC                                            | CUSIP: N/A<br>LEI: 213800Q1Q9DV4L78UM09       | Long             | EC               | CORP              | GB        |     397900 | NS      | $12753113.34   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGSPAN GROUP PLC                                        | KINGSPAN GROUP PLC                                   | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |    1397716 | NS      | $119821265.64  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                        | BANCO SANTANDER SA                                   | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |   50634043 | NS      | $403940937.37  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                                   | SSE PLC                                              | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    1886760 | NS      | $44916312.21   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                               | Fidelity SAI International Index Fund                | CUSIP: 31635V828<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  193434350 | NS      | $3112358685.14 | 6.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE                                                 | ARGENX SE                                            | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |     172283 | NS      | $98851246.63   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                                       | MACQUARIE GROUP LTD                                  | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |     794047 | NS      | $109641824.25  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ORANGE                                                    | ORANGE                                               | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    1728010 | NS      | $25791269.47   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                    | SAP SE                                               | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |    1604267 | NS      | $485323122.72  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| BANKINTER SA                                              | BANKINTER SA                                         | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    6221305 | NS      | $80105541.78   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC CORP                                                  | SMC CORP                                             | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |      82400 | NS      | $30896862.87   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                                                | LEGRAND SA                                           | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |     272690 | NS      | $33114485.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC CORP                                                  | NEC CORP                                             | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |    1061000 | NS      | $27695638.33   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                                  | UNIVERSAL MUSIC GROUP NV DRP RT                      | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    3491910 | NS      | $1110168.98    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SONIC HEALTHCARE LTD                                      | SONIC HEALTHCARE LTD                                 | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |     509135 | NS      | $8752785.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                                               | BNP PARIBAS                                          | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    2042390 | NS      | $178861287.98  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                         | NATIONAL GRID PLC                                    | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    6374324 | NS      | $89878081.21   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK AS                                           | NOVO-NORDISK AS CL B                                 | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    3555353 | NS      | $252600147.21  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                         | TOYOTA MOTOR CORP                                    | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    9526200 | NS      | $181361777.74  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTEST CORP                                            | ADVANTEST CORP                                       | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |     707990 | NS      | $35807445.32   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SCSK CORP                                                 | SCSK CORP                                            | CUSIP: N/A<br>LEI: 529900SNGFXMSUBB7864       | Long             | EC               | CORP              | JP        |      30300 | NS      | $924613.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                                 | ZURICH INSURANCE GROUP AG                            | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |     376525 | NS      | $264108858.75  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| WIX.COM LTD                                               | WIX.COM LTD                                          | CUSIP: N/A<br>LEI: 5493008P6N29Q1AG9464       | Long             | EC               | CORP              | IL        |      82631 | NS      | $12307887.45   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC                                        | S and P GLOBAL INC                                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     229050 | NS      | $117470583.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                                  | VISA INC CL A                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     297764 | NS      | $108740435.16  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                           | MITSUBISHI HEAVY INDS LTD                            | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |   10114405 | NS      | $232898344.18  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL INDS LTD                              | TEVA PHARMACEUTICAL IND ADR                          | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |    4478070 | NS      | $75142014.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN | MUNICH REINSURANCE (REG)                             | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |     271702 | NS      | $176028307.78  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCOR SA                                                  | ACCOR SA                                             | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |    1142700 | NS      | $60657129.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK KGAA                                                | MERCK KGAA                                           | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |     373040 | NS      | $48882742.82   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                           | DANSKE BK AS                                         | CUSIP: N/A<br>LEI: MAES062Z21O4RZ2U7M96       | Long             | EC               | CORP              | DK        |     434575 | NS      | $16652787.89   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Investment Trust                                 | Fidelity Advisor International Growth Fund - Class Z | CUSIP: 31618H465<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   40003857 | NS      | $874484321.32  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MARUBENI CORP                                             | MARUBENI CORP                                        | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |    1132800 | NS      | $22961057.75   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                 | SHELL PLC DRIP RT 12/31/49                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    5143655 | NS      | $1841428.49    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI SPA                                                   | ENI SPA                                              | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |    2657000 | NS      | $39182920.76   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FERGUSON ENTERPRISES INC                                  | FERGUSON ENTERPRISES INC                             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      91400 | NS      | $16661895.92   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRATT REDROW PLC                                        | BARRATT REDROW PLC                                   | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |   18257354 | NS      | $113352403.14  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                  | RELX PLC                                             | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |    4955138 | NS      | $266656694.45  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLC                                        | ANGLO AMERICAN PLC                                   | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |    2277250 | NS      | $67654973.71   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORP                                                 | HOYA CORP                                            | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |     936350 | NS      | $110552970.93  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| RIO TINTO LTD                                             | RIO TINTO LTD                                        | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     913390 | NS      | $66330962.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VIVENDI SE                                                | VIVENDI                                              | CUSIP: N/A<br>LEI: 969500FU4DRAEVJW7U54       | Long             | EC               | CORP              | FR        |    5450095 | NS      | $18373093.47   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CANAL+ SADIR                                              | CANAL+ SADIR                                         | CUSIP: N/A<br>LEI: 9695000537F9F73BXN18       | Long             | EC               | CORP              | FR        |    3737500 | NS      | $10519620.35   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust                                 | FIDELITY JAPAN FUND/UNITED STATESZ                   | CUSIP: 31618H259<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    9715552 | NS      | $180320636.97  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHINDLER HOLDING AG                                      | SCHINDLER HOLDING AG PART CERT                       | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |     139559 | NS      | $49583294.78   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI and CO LTD                                         | MITSUI and CO LTD                                    | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |    2172500 | NS      | $45364318.24   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                              | CAIXABANK SA                                         | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |   23048999 | NS      | $195516086.54  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| STEADFAST GROUP LTD                                       | STEADFAST GROUP LTD                                  | CUSIP: N/A<br>LEI: 9845003B6BEAA12DBD91       | Long             | EC               | CORP              | AU        |    9116390 | NS      | $33848208.06   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO CORP                                             | SUMITOMO CORP                                        | CUSIP: N/A<br>LEI: V82KK8NH1P0JS71FJC05       | Long             | EC               | CORP              | JP        |    1198700 | NS      | $30526780.35   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDING AG                                          | ROCHE HOLDINGS AG (GENUSSCHEINE)                     | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |     496569 | NS      | $160862183.13  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                   | E.ON SE                                              | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    2913910 | NS      | $51069491.04   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM KYMMENE CORP                                          | UPM KYMMENE CORP                                     | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |    1617830 | NS      | $44777076.80   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 07/31/2025                              | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   29790000 | PA      | $29583602.96   | 0.06%             | 2025-07-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 07/10/2025                              | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2020000 | PA      | $2010991.37    | 0.00%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KBC GROUPE SA/NV                                          | KBC GROUPE SA                                        | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |    1827540 | NS      | $180448982.14  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FINECOBANK SPA                                            | FINECOBANK SPA                                       | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |    2654384 | NS      | $57324764.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM FIRMENICH AG                                          | DSM FIRMENICH AG                                     | CUSIP: N/A<br>LEI: 506700G44V67MPM4BI12       | Long             | EC               | CORP              | CH        |     222200 | NS      | $24735087.08   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HERMES INTL SCA                                           | HERMES INTERNATIONAL SA                              | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      64446 | NS      | $177669411.44  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE PLC                                              | GLENCORE PLC                                         | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |   27310500 | NS      | $103914949.04  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| DASSAULT AVIATION SA                                      | DASSAULT AVIATION SA                                 | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |      23142 | NS      | $8376974.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJITSU LTD                                               | FUJITSU LTD                                          | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |    1934600 | NS      | $44306959.95   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FERRARI NV                                                | FERRARI NV                                           | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      73967 | NS      | $35391628.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JTC PLC                                                   | JTC PLC                                              | CUSIP: N/A<br>LEI: 213800DVUG4KLF2ASK33       | Long             | EC               | CORP              | JE        |    1098500 | NS      | $12388135.42   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                    | BP PLC                                               | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    4998100 | NS      | $24301257.88   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DANONE SA                                                 | DANONE SA                                            | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    2441220 | NS      | $208717751.37  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| GAMES WORKSHOP GROUP PLC                                  | GAMES WORKSHOP GROUP CO PLC                          | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |     108335 | NS      | $22376459.29   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JD SPORTS FASHION PLC                                     | JD SPORTS FASHION PLC                                | CUSIP: N/A<br>LEI: 213800HROV6Y9MUU8375       | Long             | EC               | CORP              | GB        |    5700300 | NS      | $6464901.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HEIDELBERG MATERIALS AG                                   | HEIDELBERG MATERIALS AG                              | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     438975 | NS      | $86044038.01   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER BUSCH INBEV SA NV                                | ANHEUSER-BUSCH INBEV SA/NV                           | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |    1323990 | NS      | $93490982.87   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                                | CONSTELLATION SOFTWARE INC                           | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      39019 | NS      | $141472058.47  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                           | BAE SYSTEMS PLC                                      | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    9522687 | NS      | $244160522.93  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO HEAVY INDUSTRIES LTD                             | SUMITOMO HEAVY INDUSTRIES LTD                        | CUSIP: N/A<br>LEI: 353800VSTEIRMBC3S374       | Long             | EC               | CORP              | JP        |    1889580 | NS      | $39515146.05   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP INC                                | MIZUHO FINANCIAL GROUP INC                           | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    3444310 | NS      | $95780291.04   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| MANDATUM HOLDING OY                                       | MANDATUM HOLDING OY                                  | CUSIP: N/A<br>LEI: 743700IX5UDCU4CGQE35       | Long             | EC               | CORP              | FI        |     942700 | NS      | $5538191.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EBARA CORP                                                | EBARA CORP                                           | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |    2438010 | NS      | $38988072.46   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| RYANAIR HOLDINGS PLC                                      | RYANAIR HOLDINGS PLC SPON ADR                        | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     536150 | NS      | $29809940.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                                   | GSK PLC                                              | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    6603112 | NS      | $134135268.31  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| COLES GROUP LTD                                           | COLES GROUP LTD                                      | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |    1830710 | NS      | $25489634.45   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SITC INTERNATIONAL HOLDINGS COMPANY LIMITED               | SITC INTL HOLDINGS CO LTD                            | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    9619900 | NS      | $30732740.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                                        | ITOCHU CORP                                          | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |    2485660 | NS      | $131929432.74  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ISUZU MOTORS LTD                                          | ISUZU MOTORS LTD                                     | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    2685560 | NS      | $36300333.91   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC BANK LTD                                             | HDFC BANK LTD SPON ADR                               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    1371165 | NS      | $103372129.35  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NIDEC CORP                                                | NIDEC CORP                                           | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               | CORP              | JP        |    2623500 | NS      | $50935067.41   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PIRELLI and C SPA                                         | PIRELLI and C SPA                                    | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |    5172970 | NS      | $37003987.33   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| PUBLICIS GROUPE SA                                        | PUBLICIS GROUPE SA                                   | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     326810 | NS      | $35624464.88   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR NEDERLAND NV                                          | ASR NEDERLAND NV                                     | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     579750 | NS      | $37179492.70   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| DASSAULT SYSTEMES SA                                      | DASSAULT SYSTEMES SA                                 | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |    1921640 | NS      | $72058508.41   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAZLEY PLC/UK                                            | BEAZLEY PLC/UK                                       | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |    3162500 | NS      | $40202481.78   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO ELECTRON LTD                                        | TOKYO ELECTRON LTD                                   | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |     318280 | NS      | $50086140.66   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MARSH and MCLENNAN COS INC                                | MARSH and MCLENNAN COS INC                           | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     523268 | NS      | $122266800.88  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSA ABLOY AB                                             | ASSA ABLOY AB SER B                                  | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |    1879125 | NS      | $59644533.32   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                                  | BANK CENTRAL ASIA                                    | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  139635400 | NS      | $80554612.72   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| AJINOMOTO CO INC                                          | AJINOMOTO CO INC                                     | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |    6302700 | NS      | $157566741.13  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| AZELIS GROUP NV                                           | AZELIS GROUP NV                                      | CUSIP: N/A<br>LEI: 699400M9RRMTV264FM70       | Long             | EC               | CORP              | BE        |     713050 | NS      | $11796347.30   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG                                         | SIEMENS ENERGY AG                                    | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    1128857 | NS      | $110318164.49  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LIQUIDE SA                                            | AIR LIQUIDE SA                                       | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |    1480115 | NS      | $306693043.53  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GROUP INC                       | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    9518870 | NS      | $244548707.37  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| WASTE CONNECTION INC                                      | WASTE CONNECTIONS INC                                | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     181818 | NS      | $35805831.37   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIMLER TRUCK HOLDING AG                                  | DAIMLER TRUCK HOLDING AG                             | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |     464400 | NS      | $20148246.85   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GVS SPA                                                   | GVS SPA                                              | CUSIP: N/A<br>LEI: 81560013EACB40B52D17       | Long             | EC               | CORP              | IT        |     190400 | NS      | $922048.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                     | SPOTIFY TECHNOLOGY SA                                | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |     254030 | NS      | $168965514.20  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HKT TRUST AND HKT LTD                                     | HKT TRUST AND HKT LTD(STAPLED)                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   13616140 | NS      | $19622550.66   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust                                 | Fidelity Diversified International Fund              | CUSIP: 315910802<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   77279280 | NS      | $3754227438.87 | 7.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KURARAY CO LTD                                            | KURARAY CO LTD                                       | CUSIP: N/A<br>LEI: 549300W9JPTOE739QZ31       | Long             | EC               | CORP              | JP        |    1427300 | NS      | $18071629.72   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PRYSMIAN SPA                                              | PRYSMIAN SPA                                         | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |    1126865 | NS      | $72470988.42   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                               | Fidelity Sai International Value Index Fund          | CUSIP: 31635V182<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  638610241 | NS      | $7267384547.91 | 14.39%            |  |  |  | No            |                  1 | On Loan: No      |
| COVESTRO AG                                               | COVESTRO AG-TEND                                     | CUSIP: N/A<br>LEI: 3912005AWHKLQ1CPLV11       | Long             | EC               | CORP              | DE        |     240900 | NS      | $16548559.24   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HIKARI TSUSHIN INC                                        | HIKARI TSUSHIN INC                                   | CUSIP: N/A<br>LEI: 3538001SOIIV8U3OXH94       | Long             | EC               | CORP              | JP        |      67400 | NS      | $18426741.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL                                               | RHEINMETALL AG ORD                                   | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |     104843 | NS      | $224706592.09  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS COPCO AB                                            | ATLAS COPCO AB SER A                                 | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |    4579980 | NS      | $73567480.60   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVONESIS (NOVOZYMES) B                                   | NOVONESIS (NOVOZYMES) B                              | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |     534100 | NS      | $37632864.09   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ESSILORLUXOTTICA                                          | ESSILORLUXOTTICA RT 12/31/2049                       | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |     513490 | NS      | $2303016.77    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust                                 | FIDELITY INTERNATIONAL SMALL CAP OPPORTUNITIES FUNDZ | CUSIP: 31618H275<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    6213721 | NS      | $138441699.05  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| THUNGELA RESOURCES LTD                                    | THUNGELA RESOURCES LTD                               | CUSIP: N/A<br>LEI: 213800EGYK3BN3SRIF27       | Long             | EC               | CORP              | ZA        |     258200 | NS      | $1316747.63    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYCURRENT INC                                            | BAYCURRENT INC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     619200 | NS      | $32908503.17   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CONVATEC GROUP PLC                                        | CONVATEC GROUP PLC                                   | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |    7661500 | NS      | $29915248.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LTD                                    | ARISTOCRAT LEISURE LTD                               | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |    1018230 | NS      | $40956306.13   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB GROUP PLC                                             | AIB GROUP PLC                                        | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    3699070 | NS      | $29184652.39   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                       | LVMH MOET HENNESSY LOUIS VUITTON SE                  | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |     115421 | NS      | $62605130.58   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                 | SHELL PLC                                            | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    5143655 | NS      | $169714530.87  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO                              | ARTHUR J GALLAGHAR AND CO                            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     100871 | NS      | $35046620.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDAY.COM LTD                                            | MONDAY.COM LTD                                       | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |     147670 | NS      | $43930348.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LTD                                              | BRAMBLES LTD                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    2446260 | NS      | $36591795.51   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LTD                                            | ICICI BANK LTD SPONS ADR                             | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    1379200 | NS      | $47223808.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                                 | HOLCIM LTD                                           | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |    2804873 | NS      | $310808516.12  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| KAWASAKI HEAVY INDUSTRIES LTD                             | KAWASAKI HEAVY INDUSTRIES LTD                        | CUSIP: N/A<br>LEI: 5493008FFSI8SQ74AT93       | Long             | EC               | CORP              | JP        |     307840 | NS      | $21587192.50   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                                      | BANK LEUMI LE-ISRAEL BM                              | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |    1676459 | NS      | $27025654.69   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLTERS KLUWER NV                                         | WOLTERS KLUWER NV                                    | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |    1155778 | NS      | $205116886.57  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LY CORPORATION                                            | LY CORPORATION                                       | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |   22895430 | NS      | $82558248.17   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                           | ASTRAZENECA PLC                                      | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |    1251449 | NS      | $183317335.58  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Concord Street Trust                             | FIDELITY SAI INTERNATIONAL SMALL CAP INDEX FUND      | CUSIP: 315911495<br>LEI: EEX0N4ID1C226M44VF22 | Long             | EC               | RF                | US        |   62779489 | NS      | $593893969.49  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                           | NINTENDO CO LTD                                      | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |    2984180 | NS      | $243468649.92  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TOPICUS.COM INC                                           | TOPICUS.COM INC                                      | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      44100 | NS      | $5768492.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                                   | BASF SE                                              | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |     691000 | NS      | $33321419.27   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL PLC                                            | PRUDENTIAL PLC                                       | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |    7465264 | NS      | $84908085.93   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC                               | NIKKEI 225 (CME) FUT JUN25 NXM5                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |        250 | NC      | $699972.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIBA BANK LTD                                            | CHIBA BANK LTD                                       | CUSIP: N/A<br>LEI: FGJPAKKCTZVSKZXNBS63       | Long             | EC               | CORP              | JP        |    5065820 | NS      | $46039065.18   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFRAN SA                                                 | SAFRAN SA                                            | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     803819 | NS      | $238578808.33  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INPEX CORPORATION                                         | INPEX CORP                                           | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |    3428870 | NS      | $45850050.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTEN SA                                                  | ALTEN                                                | CUSIP: N/A<br>LEI: 969500Y7G9TY7Y24GN07       | Long             | EC               | CORP              | FR        |     298000 | NS      | $24768252.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYERISCHE MOTOREN WERKE (BMW) AG                         | BMW AG                                               | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     841140 | NS      | $74591155.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                                    | STANDARD CHARTERED PLC                               | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    6752480 | NS      | $105347236.80  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| FERROVIAL SE                                              | FERROVIAL SE                                         | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |     825000 | NS      | $42003701.82   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GPT GROUP                                                 | GPT GROUP REIT STAPLED                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   12479610 | NS      | $38612911.81   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LTD                                             | BHP GROUP LIMITED                                    | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    3612414 | NS      | $88738991.56   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                              | BROADCOM INC                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     155040 | NS      | $37530532.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU AERO ENGINES AG                                       | MTU AERO ENGINES AG                                  | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |     197324 | NS      | $78530063.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CANON INC                                                 | CANON INC                                            | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |    1280200 | NS      | $39108840.04   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ADIDAS AG                                                 | ADIDAS AG                                            | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |      45336 | NS      | $11299149.07   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG EXCHANGES and CLEARING LTD                      | HONG KONG EXCHS and CLEARING LTD                     | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     650610 | NS      | $32546354.09   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM AG                                       | DEUTSCHE TELEKOM AG (REGD)                           | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    7742143 | NS      | $293182860.32  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 08/14/2025                              | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10190000 | PA      | $10102388.62   | 0.02%             | 2025-08-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EXPERIAN PLC                                              | EXPERIAN PLC                                         | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |    2524447 | NS      | $125730848.07  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HLDGS LTD                                         | TENCENT HOLDINGS LTD                                 | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    1258261 | NS      | $79324112.96   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELEC SA                                         | SCHNEIDER ELECTRIC SE                                | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |    1033633 | NS      | $260797777.01  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE DE ST GOBAIN                                    | ST GOBAIN CIE DE                                     | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |    1229699 | NS      | $138444390.09  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| LINK REIT                                                 | LINK REAL ESTATE INVESTMENT TR                       | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |    3069877 | NS      | $16306433.67   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG                                         | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    3624158 | NS      | $115330131.25  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN STAR RESOURCES LTD                               | NORTHERN STAR RESOURCES LTD                          | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |    2016780 | NS      | $27274343.89   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RYOHIN KEIKAKU CO LTD                                     | RYOHIN KEIKAKU CO LTD                                | CUSIP: N/A<br>LEI: 549300PMNF56J66BY371       | Long             | EC               | CORP              | JP        |     422900 | NS      | $16141961.68   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                                   | CRH PLC                                              | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |    1666800 | NS      | $151945488.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMIRAL GROUP PLC                                         | ADMIRAL GROUP PLC                                    | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |     772550 | NS      | $34869990.49   | 0.07%             |  |  |  | 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        |    6097072 | NS      | $194827571.34  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                             | UNICREDIT SPA                                        | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |    4692698 | NS      | $301770974.83  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| HAVAS NV                                                  | HAVAS NV                                             | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | NL        |    3918400 | NS      | $6858360.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO FORESTRY CO LTD                                  | SUMITOMO FORESTRY CO LTD                             | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |     655900 | NS      | $19185399.77   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| AIA GROUP LTD                                             | AIA GROUP LTD                                        | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   11399730 | NS      | $95444806.79   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SONY GROUP CORP                                           | SONY GROUP CORP                                      | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    6045600 | NS      | $161816113.28  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund                           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  258415962 | NS      | $258467645.64  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                    | TRANE TECHNOLOGIES PLC                               | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     101947 | NS      | $43864735.69   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FERROVIAL SE                                              | FERROVIAL SE RT                                      | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |     825000 | NS      | $298072.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| UST BILLS                                                 | UST BILLS 0% 08/07/2025                              | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   15620000 | PA      | $15498866.90   | 0.03%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                           | ANTOFAGASTA PLC                                      | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     794070 | NS      | $18942406.18   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IBIDEN CO LTD                                             | IBIDEN CO LTD                                        | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |    1306730 | NS      | $53678592.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTPAC BANKING CORP                                      | WESTPAC BANKING CORP                                 | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |    1664660 | NS      | $34938177.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VONOVIA SE                                                | VONOVIA SE RT 12/31/2049                             | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |     923546 | NS      | $1279341.17    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIICHI SANKYO CO LTD                                     | DAIICHI SANKYO CO LTD                                | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |    2824440 | NS      | $75169373.30   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG                                                | SIEMENS AG (REGD)                                    | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     932992 | NS      | $224406315.51  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK HAPOALIM B M                                         | BANK HAPOALIM LTD (REG)                              | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |    2233793 | NS      | $37440748.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust                               | FIDELITY SAI INTERNATIONAL MOMENTUM INDEX FUND       | CUSIP: 31635T716<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |   30763127 | NS      | $504822909.25  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD ASSET MANAGEMENT LTD                           | BROOKFIELD ASSET MANAGEMENT LTD A                    | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |     761490 | NS      | $42719589.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| BOC HONG KONG HOLDINGS LTD                                | BANK OF CHINA HONG KONG LTD                          | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    4784550 | NS      | $20197243.37   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE TELECOM LTD                                     | SINGAPORE TELECOM LTD (SING)                         | CUSIP: N/A<br>LEI: 2549003XJKIQO8YDYD89       | Long             | EC               | CORP              | SG        |   22823300 | NS      | $67382319.63   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS            | MICHELIN CL B (REG)                                  | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |    1196355 | NS      | $45771373.88   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STR INVT TR                                         | State Street Instl US Govt MMkt Premier              | CUSIP: 857492706<br>LEI: 549300CCOK7OZZUAS108 | Long             | EC               | RF                | US        | 1622812412 | NS      | $1622812411.99 | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| B and M EUROPEAN VALUE RETAIL S.A.                        | B and M EUROPEAN VALUE RETAIL S.A.                   | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | EC               | CORP              | LU        |    2235300 | NS      | $10297109.81   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SEB SA                                                    | SEB SA                                               | CUSIP: N/A<br>LEI: 969500WP61NBK098AC47       | Long             | EC               | CORP              | FR        |     115725 | NS      | $11484355.73   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                       | IMPERIAL BRANDS PLC                                  | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    4763115 | NS      | $180639693.66  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPCOM CO LTD                                             | CAPCOM CO LTD                                        | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |    1316500 | NS      | $39340838.81   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PLC                                                 | HALMA PLC                                            | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |    1974766 | NS      | $77319969.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM HLDGS CORP                                       | FUJIFILM HOLDINGS CORP                               | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |    7959097 | NS      | $179658399.05  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| DHL GROUP                                                 | DHL GROUP                                            | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |    2293568 | NS      | $102918941.98  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                  | UNITED OVERSEAS BANK (LOC)                           | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |    4878953 | NS      | $133951328.34  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMPO OYJ                                                 | SAMPO OYJ SER A                                      | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |    8744930 | NS      | $93296931.43   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                          | MERCADOLIBRE INC                                     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      17278 | NS      | $44288524.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW                     | INTERCONTINENTAL HOTELS GP PLC                       | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |    1014019 | NS      | $116194541.79  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TIS INC                                                   | TIS INC                                              | CUSIP: N/A<br>LEI: 35380064HYEZXBQHDF07       | Long             | EC               | CORP              | JP        |    1739770 | NS      | $57405941.55   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG IMMOBILIEN GMBH                                       | LEG IMMOBILIEN SE                                    | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |     453790 | NS      | $38515375.17   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| UCB SA                                                    | UCB SA                                               | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |     783209 | NS      | $142198215.87  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT AG SWITZ                   | CIE FINANCIERE RICHEMONT SA A                        | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     455315 | NS      | $85921205.87   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| VONOVIA SE                                                | VONOVIA SE                                           | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |     923546 | NS      | $30232299.99   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| 3I GROUP PLC                                              | 3I GROUP PLC                                         | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |    3408675 | NS      | $187222060.65  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI LTD                                               | HITACHI LTD                                          | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |   17074308 | NS      | $475695846.08  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| THOMSON REUTERS CORP                                      | THOMSON REUTERS CORP                                 | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     182914 | NS      | $36341553.71   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PERNOD RICARD SA                                          | PERNOD-RICARD                                        | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |     391550 | NS      | $40466167.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX CORP                                                 | ORIX CORP                                            | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    4308120 | NS      | $91297043.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| COCA COLA HBC AG                                          | COCA COLA HBC AG                                     | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     602640 | NS      | $31358165.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                                               | SHOPIFY INC CL A                                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     456284 | NS      | $48922770.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Securities Lending Cash Central Fund        | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  413526487 | NS      | $413567839.25  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TESCO PLC                                                 | TESCO PLC                                            | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |    6009000 | NS      | $31442879.59   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BOERSE AG                                        | DEUTSCHE BOERSE AG                                   | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |     541560 | NS      | $174462942.74  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESTOR AB                                               | INVESTOR AB SER B                                    | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |    5022700 | NS      | $147847432.19  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM INTL NV                                               | ASM INTERNATIONAL NV (NETH)                          | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     187821 | NS      | $102280145.51  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust                                 | Fidelity Pacific Basin Fund                          | CUSIP: 316343201<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    3631096 | NS      | $122331640.18  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AMUNDI SA                                                 | AMUNDI SA                                            | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |     189010 | NS      | $15419829.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                                            | MASTERCARD INC CL A                                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      63046 | NS      | $36919737.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                            | MSCI EAFE FUT JUN25 MFSM5                            | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |      12961 | NC      | $55274733.17   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BAYER AG                                                  | BAYER AG                                             | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     662600 | NS      | $18654525.34   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                                  | UNIVERSAL MUSIC GROUP NV                             | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    3491910 | NS      | $111732294.24  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                       | INTESA SANPAOLO SPA                                  | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |   15083470 | NS      | $84206943.81   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| SHIN ETSU CHEM CO LTD                                     | SHIN-ETSU CHEMICAL CO LTD                            | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |    3480440 | NS      | $111131041.95  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| PROSUS NV                                                 | PROSUS NV                                            | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |    2334720 | NS      | $119930367.64  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ADDLIFE AB                                                | ADDLIFE AB                                           | CUSIP: N/A<br>LEI: 5493005T3M7CD7XWE013       | Long             | EC               | CORP              | SE        |    1001600 | NS      | $19265255.37   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                                   | IMCD GROUP BV                                        | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |     364911 | NS      | $49513414.26   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| ASML HOLDING NV                                           | ASML HOLDING NV                                      | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     276270 | NS      | $203539219.65  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 08/28/2025                              | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1730000 | PA      | $1712272.43    | 0.00%             | 2025-08-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AENA SME SA                                               | AENA SME SA                                          | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |     196539 | NS      | $52888969.15   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | LLOYDS BANKING GROUP PLC                             | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  164849023 | NS      | $171708201.12  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| WOLTERS KLUWER NV                                         | WOLTERS KLUWER NV DRP RT 31/12/2049                  | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |    1157279 | NS      | $1971048.66    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFTBANK GROUP CORP                                       | SOFTBANK GROUP CORP                                  | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | EC               | CORP              | JP        |     617690 | NS      | $32267114.55   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA            | RECORDATI SPA                                        | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |    1790660 | NS      | $107353218.48  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLOUREC SA                                              | VALLOUREC SA                                         | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |    2774680 | NS      | $46989862.67   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                                                 | ALCON INC                                            | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |    1760989 | NS      | $151278155.89  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                              | UNILEVER PLC ORD                                     | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    1490863 | NS      | $94880538.34   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERPUMP GROUP SPA                                       | INTERPUMP GROUP SPA                                  | CUSIP: N/A<br>LEI: 815600C79D0F31F4D395       | Long             | EC               | CORP              | IT        |     219500 | NS      | $8558601.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 08/21/2025                              | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    8200000 | PA      | $8122851.69    | 0.02%             | 2025-08-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                   | RELIANCE INDS GDR                                    | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     473700 | NS      | $31169460.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE REIT                                     | NATIONAL STORAGE REIT STAPLED                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   29699645 | NS      | $44223543.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                         | COMPASS GROUP PLC                                    | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |    4720284 | NS      | $165978713.94  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP                                  | RENESAS ELECTRONICS CORP                             | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |    3258350 | NS      | $39574049.63   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC                                    | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |   13943800 | NS      | $99012876.14   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERTEK GROUP PLC                                        | INTERTEK GROUP PLC                                   | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |     525300 | NS      | $33873534.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUIS HACHETTE GROUP                                      | LOUIS HACHETTE GROUP                                 | CUSIP: N/A<br>LEI: 969500CV8XQ2XKU2DO25       | Long             | EC               | CORP              | FR        |    3935100 | NS      | $7334401.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                                   | DSV A/S                                              | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |     776761 | NS      | $182915206.99  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 07/17/2025                              | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6020000 | PA      | $5988226.92    | 0.01%             | 2025-07-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SANOFI                                                    | SANOFI                                               | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     389530 | NS      | $38579422.67   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                                 | TOKIO MARINE HOLDINGS INC                            | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |    5690590 | NS      | $240668310.56  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                               | FIDELITY SAI INTERNATIONAL LOW VOLATILITY INDEX FUND | CUSIP: 31635V877<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  247128610 | NS      | $3121234341.27 | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NOKIA CORP                                                | NOKIA OYJ                                            | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |    6462910 | NS      | $33634917.94   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                        | MITSUBISHI UFJ FINL GRP INC                          | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    9387200 | NS      | $131311093.28  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                               | FIDELITY SAI INTERNATIONAL QUALITY INDEX FUND        | CUSIP: 31635T690<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |   69496713 | NS      | $959054644.95  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PARTNERS GROUP HOLDING                                    | PARTNERS GROUP HOLDING AG                            | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |     117144 | NS      | $156856243.01  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DIPLOMA PLC                                               | DIPLOMA PLC                                          | CUSIP: N/A<br>LEI: 2138008OGI7VYG8FGR19       | Long             | EC               | CORP              | GB        |     570218 | NS      | $36001751.66   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTO1 GROUP SE                                            | AUTO1 GROUP SE                                       | CUSIP: N/A<br>LEI: 391200S2LPXG5ZD5G304       | Long             | EC               | CORP              | DE        |     541022 | NS      | $14497560.93   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                                               | MOODYS CORP                                          | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      67541 | NS      | $32373752.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITEHAVEN COAL LTD                                       | WHITEHAVEN COAL LTD                                  | CUSIP: N/A<br>LEI: 529900WCZ4I6ZO3RRP86       | Long             | EC               | CORP              | AU        |    9261700 | NS      | $33193710.61   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIOBANCA SPA                                            | MEDIOBANCA SPA                                       | CUSIP: N/A<br>LEI: PSNL19R2RXX5U3QWHI44       | Long             | EC               | CORP              | IT        |    3920700 | NS      | $93130794.34   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| THALES SA                                                 | THALES                                               | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |     473330 | NS      | $144967477.25  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUTRADE AB                                              | INDUTRADE AB                                         | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |    2613899 | NS      | $70834932.92   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISS LIFE HOLDING AG                                     | SWISS LIFE HLDGS AG (NEW)                            | CUSIP: N/A<br>LEI: 5493000KUC3Z24U77V93       | Long             | EC               | CORP              | CH        |      57250 | NS      | $57138699.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                                                 | LINDE PLC                                            | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |     375805 | NS      | $175718901.90  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG                                          | DEUTSCHE BANK AG                                     | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |    1664200 | NS      | $46031043.04   | 0.09%             |  |  |  | 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        |    3271827 | NS      | $160413525.73  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust                                 | Fidelity Japan Smaller Companies Fund                | CUSIP: 315910760<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    3117355 | NS      | $55146007.46   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                                   | SEA LTD ADR                                          | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     281580 | NS      | $45156984.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Heather Bonner

**Signature:** Heather Bonner

**Name of Signer:** Heather Bonner

**Title:** President and Treasurer