# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-159873
**Filing Date:** 2025-6
**Character Count:** 57778
**Document Hash:** 12c52d3ea9cceae5beec44f27948b68f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-159873.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-159873

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251079807

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Fundamental Global ex US ETF

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

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

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $25738634.37

**Total Liabilities:** $1822971.62

**Net Assets:** $23915662.75

**Cash Not Reported:** $6759.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253744 | 0.40%                | -0.05%               | 4.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3828.27                | $36171.81                                  |
| Month 2  | $20774.52                | $-38102.45                                 |
| Month 3  | $-81165.67               | $681947.83                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RAIA DROGASIL SA                                          | RAIA DROGASIL SA                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      2818 | NS      | $9851.57      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WAL MART DE MEXICO SAB DE CV                              | WAL MART DE MEXICO SAB DE CV V                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     52007 | NS      | $164821.65    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN CEMENT INTERNATIONAL TRADING SA                     | TITAN CEMENT INTERNATIONAL TRADING SA             | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |      1979 | NS      | $91245.74     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV                            | BE SEMICOND INDUS NV (NETH)                       | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       153 | NS      | $16334.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORP                              | CHINA CONSTRUCTION BANK CORP H                    | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |     70382 | NS      | $57898.44     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD                    | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD A          | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |       798 | NS      | $25406.15     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HANNOVER RUECK SA                                         | HANNOVER RUECKVERSICHERUNGS SE(REGD)              | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |       818 | NS      | $261691.97    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                           | LONDON STOCK EXCHANGE GRP PLC                     | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |      2881 | NS      | $446342.89    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SA                                            | DINO POLSKA SA                                    | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |       322 | NS      | $45047.71     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FAST RETAILING CO LTD                                     | FAST RETAILING CO LTD                             | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |       170 | NS      | $55858.16     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                                | SAMSUNG ELECTRONICS CO LTD                        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      2932 | NS      | $114240.18    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCALIZA RENT A CAR SA                                    | LOCALIZA RENT A CAR SA                            | CUSIP: N/A<br>LEI: 984500C442A7E0CD4D11       | Long             | EC               | CORP              | BR        |      3843 | NS      | $29090.91     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COPA HOLDINGS SA                                          | COPA HOLDINGS SA CL A                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |       158 | NS      | $14498.08     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                    | AXA SA                                            | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      5570 | NS      | $262305.64    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC GAS PLC                                             | ADNOC GAS PLC                                     | CUSIP: N/A<br>LEI: 254900O5NS03BDOOM362       | Long             | EC               | CORP              | AE        |     41230 | NS      | $35583.26     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSILORLUXOTTICA                                          | ESSILORLUXOTTICA                                  | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |       718 | NS      | $205542.72    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                  | ROLLS-ROYCE HOLDINGS PLC                          | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     32959 | NS      | $331278.27    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSPAN GROUP PLC                                        | KINGSPAN GROUP PLC                                | CUSIP: N/A<br>LEI: 635400HM7V74SUB9OG75       | Long             | EC               | CORP              | IE        |      3002 | NS      | $252680.61    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                        | BANCO SANTANDER SA                                | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     20096 | NS      | $140737.89    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ZAI LAB LTD                                               | ZAI LAB LTD                                       | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | KY        |      7339 | NS      | $23183.96     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                    | SAP SE                                            | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      2083 | NS      | $602438.19    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                           | MITSUBISHI HEAVY INDS LTD                         | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |     13632 | NS      | $266623.92    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP LTD                                             | CREDICORP LTD                                     | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | BM        |       169 | NS      | $34170.11     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                              | MEDIA TEK INC                                     | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |       262 | NS      | $11036.91     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN | MUNICH REINSURANCE (REG)                          | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       459 | NS      | $312818.85    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO LTD                               | CHINA LIFE INS CO LTD H                           | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     22192 | NS      | $40632.11     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCOR SA                                                  | ACCOR SA                                          | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |      3821 | NS      | $186779.95    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC DRILLING COMPANY PJSC                               | ADNOC DRILLING COMPANY PJSC                       | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |     31813 | NS      | $42439.85     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                                  | RELX PLC                                          | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |      7846 | NS      | $425260.33    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HOLDING SA                                  | ITAU UNIBANCO HOLDING SA                          | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |     18030 | NS      | $113037.96    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORP                                                 | HOYA CORP                                         | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      1158 | NS      | $135901.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU SA                                                 | GERDAU SA PN                                      | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |      4639 | NS      | $12253.18     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISLANDS                            | NU HOLDINGS LTD/CAYMAN ISLANDS                    | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | KY        |      3905 | NS      | $48539.15     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                                              | CAIXABANK SA                                      | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     53002 | NS      | $404211.60    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIER SMART HOME CO LTD                                   | HAIER SMART HOME CO LTD                           | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |     14054 | NS      | $40863.08     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TAL ED GROUP                                              | TAL ED GROUP ADR                                  | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |      1072 | NS      | $9380.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC GROUPE SA/NV                                          | KBC GROUPE SA                                     | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      1484 | NS      | $136273.97    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| KWEICHOW MOUTAI CO LTD                                    | KWEICHOW MOUTAI CO LTD A                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       144 | NS      | $30636.40     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HERMES INTL SCA                                           | HERMES INTERNATIONAL SA                           | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |        75 | NS      | $203148.33    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJITSU LTD                                               | FUJITSU LTD                                       | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |       252 | NS      | $5553.59      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FERRARI NV                                                | FERRARI NV                                        | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |       137 | NS      | $62328.50     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE SA                                                 | DANONE SA                                         | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      1080 | NS      | $92935.39     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                                                | BYD COMPANY LTD H                                 | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |       624 | NS      | $29785.55     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMES WORKSHOP GROUP PLC                                  | GAMES WORKSHOP GROUP CO PLC                       | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |       416 | NS      | $85433.53     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HEIDELBERG MATERIALS AG                                   | HEIDELBERG MATERIALS AG                           | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1566 | NS      | $309127.01    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WUXI APPTEC CO LTD                                        | WUXI APPTEC CO LTD H                              | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |      1788 | NS      | $13867.17     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                                | CONSTELLATION SOFTWARE INC                        | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       176 | NS      | $634288.12    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                           | BAE SYSTEMS PLC                                   | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     21462 | NS      | $496108.76    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM CHINA HOLDINGS INC                                    | YUM CHINA HOLDINGS INC                            | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |      1347 | NS      | $58338.57     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU CORPORATION                                        | ITOCHU CORP                                       | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |      2978 | NS      | $151670.14    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                             | HDFC BANK LTD SPON ADR                            | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      7774 | NS      | $565092.06    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKEMYTRIP LIMITED                                        | MAKEMYTRIP LIMITED                                | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | MU        |       645 | NS      | $67608.90     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DASSAULT SYSTEMES SA                                      | DASSAULT SYSTEMES SA                              | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |      2383 | NS      | $88654.26     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO ELECTRON LTD                                        | TOKYO ELECTRON LTD                                | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |       303 | NS      | $44979.54     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HAPVIDA PARTICIPACOES E INVESTIMENTOS SA                  | HAPVIDA PARTICIPACOES E INVESTIMENTOS SA          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     38518 | NS      | $15746.15     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                          | PDD HOLDINGS INC ADR                              | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      1534 | NS      | $161944.38    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                                 | ALIBABA GROUP HOLDING LTD                         | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |      4381 | NS      | $66373.65     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                                  | BANK CENTRAL ASIA                                 | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    477973 | NS      | $254103.12    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AJINOMOTO CO INC                                          | AJINOMOTO CO INC                                  | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |      3866 | NS      | $78844.99     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LIQUIDE SA                                            | AIR LIQUIDE SA                                    | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      2114 | NS      | $432413.19    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GROUP INC                    | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |      1095 | NS      | $26038.61     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LARSEN and TOUBRO LTD                                     | LARSEN and TOUBRO LTD GDR                         | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |      6100 | NS      | $239120.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                     | SPOTIFY TECHNOLOGY SA                             | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |       259 | NS      | $159020.82    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| POWSZECHNA KASA OSZCZ BK SA                               | POWSZECHNA KASA OSZCZ BK SA                       | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |       765 | NS      | $14648.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN SPA                                              | PRYSMIAN SPA                                      | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |       581 | NS      | $31553.43     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EMEMORY TECHNOLOGY INC                                    | EMEMORY TECHNOLOGY INC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       164 | NS      | $13126.35     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LTD                                               | NASPERS LTD N SHS                                 | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |       302 | NS      | $79428.62     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EMAAR PROPERTIES PJSC                                     | EMAAR PROPERTIES                                  | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |      4390 | NS      | $15657.02     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL                                               | RHEINMETALL AG ORD                                | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       124 | NS      | $210569.63    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB                                            | ATLAS COPCO AB SER A                              | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     17715 | NS      | $274646.19    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                        | TRIP.COM GROUP LTD                                | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |       473 | NS      | $28542.47     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CHROMA ATE INC                                            | CHROMA ATE INC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1260 | NS      | $11500.30     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTOCRAT LEISURE LTD                                    | ARISTOCRAT LEISURE LTD                            | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |      2736 | NS      | $117140.09    | 0.49%             |  |  |  | No            |                  1 | 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        |       476 | NS      | $263093.54    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC                                                 | SHELL PLC                                         | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      6949 | NS      | $226013.06    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                                    | WEG SA                                            | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |      2528 | NS      | $19884.92     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                            | ICICI BANK LTD SPONS ADR                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     11721 | NS      | $393356.76    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                                 | HOLCIM LTD                                        | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |       753 | NS      | $83570.36     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPRITE HLDGS LTD                                        | SHOPRITE HLDGS LTD                                | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |      5281 | NS      | $81063.58     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLTERS KLUWER NV                                         | WOLTERS KLUWER NV                                 | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      2134 | NS      | $375800.67    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                           | ASTRAZENECA PLC                                   | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      1576 | NS      | $225323.96    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE (GROUP) COMPANY OF CHINA LIMITED        | PING AN INSURANCE CO LTD H                        | CUSIP: N/A<br>LEI: 300300IP9S6FHQPKRN68       | Long             | EC               | CORP              | CN        |      4179 | NS      | $25109.78     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO CO LTD                                           | NINTENDO CO LTD                                   | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      1969 | NS      | $162912.79    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                                 | SAFRAN SA                                         | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      1533 | NS      | $404641.56    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINE LTD                                          | IVANHOE MINES LTD                                 | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |      5907 | NS      | $52445.73     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                              | EXPERIAN PLC                                      | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |      6583 | NS      | $325923.05    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                                         | TENCENT HOLDINGS LTD                              | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |      4288 | NS      | $263839.50    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA                                         | SCHNEIDER ELECTRIC SE                             | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1491 | NS      | $344910.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN INOVANCE TECHNOLOGY CO LTD                       | SHENZHEN INOVANCE TECHNOLOGY CO LTD A             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      4389 | NS      | $43211.85     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG                                      | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      3664 | NS      | $110494.89    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC KANSAS CITY LTD                          | CANADIAN PACIFIC KANSAS CITY LTD                  | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2424 | NS      | $176059.13    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD                                  | SAMSUNG BIOLOGICS CO LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        26 | NS      | $19202.20     | 0.08%             |  |  |  | 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        |     15409 | NS      | $436589.13    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT SPA                                             | UNICREDIT SPA                                     | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      8095 | NS      | $467416.35    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SONY GROUP CORP                                           | SONY GROUP CORP                                   | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |      3610 | NS      | $95211.29     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund                        | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   2693694 | NS      | $2694233.00   | 11.27%            |  |  |  | No            |                  1 | On Loan: No      |
| EQUATORIAL ENERGIA SA                                     | EQUATORIAL ENERGIA SA                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      2977 | NS      | $19309.33     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                              | GAZTRANSPORT ET TECHNIGA                          | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |       385 | NS      | $62717.97     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTOFAGASTA PLC                                           | ANTOFAGASTA PLC                                   | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |      1977 | NS      | $43025.43     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEGONA COMMUNICATIONS PLC                                 | ZEGONA COMMUNICATIONS PLC                         | CUSIP: N/A<br>LEI: 213800ASI1VZL2ED4S65       | Long             | EC               | CORP              | GB        |      8357 | NS      | $75288.65     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                                | JD.COM INC CL A                                   | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |      2238 | NS      | $36907.55     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD           | SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD A | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       541 | NS      | $16343.05     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD                                          | IMPERIAL OIL LTD                                  | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |      3645 | NS      | $245864.32    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                                       | IMPERIAL BRANDS PLC                               | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |      3541 | NS      | $145064.85    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPCOM CO LTD                                             | CAPCOM CO LTD                                     | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |      2941 | NS      | $85136.38     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HALMA PLC                                                 | HALMA PLC                                         | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      1504 | NS      | $55240.73     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM HLDGS CORP                                       | FUJIFILM HOLDINGS CORP                            | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |      5427 | NS      | $111420.89    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRTAC INTERNATIONAL GROUP                                | AIRTAC INTERNATIONAL GROUP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      1042 | NS      | $28612.97     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                          | MERCADOLIBRE INC                                  | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       107 | NS      | $249400.95    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW                     | INTERCONTINENTAL HOTELS GP PLC                    | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |       610 | NS      | $64564.25     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                    | UCB SA                                            | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       572 | NS      | $104423.62    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FULL TRUCK ALLIANCE CO LTD                                | FULL TRUCK ALLIANCE CO LTD ADR                    | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |      3271 | NS      | $37158.56     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                                               | SHOPIFY INC CL A                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2602 | NS      | $247478.78    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP BANK PLC                                              | OTP BANK (REG)                                    | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |       994 | NS      | $73172.21     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VONOVIA SE                                                | VONOVIA SE                                        | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      2132 | NS      | $70621.51     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI BANK                                             | AL RAJHI BANKING and INVEST CORP                  | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      3894 | NS      | $101114.54    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                              | 3I GROUP PLC                                      | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      7340 | NS      | $414170.64    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                                     | ANGLOGOLD ASHANTI PLC                             | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      1066 | NS      | $44476.72     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HITACHI LTD                                               | HITACHI LTD                                       | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     15380 | NS      | $378422.44    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX CORP                                                 | ORIX CORP                                         | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     10106 | NS      | $201512.14    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                            | CANADIAN NATL RESOURCES LTD                       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      8954 | NS      | $256942.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HANSOH PHARMACEUTICAL GROUP CO LTD                        | HANSOH PHARMACETICAL GROUP                        | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | KY        |     13026 | NS      | $40477.41     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG                                        | DEUTSCHE BOERSE AG                                | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1109 | NS      | $356169.74    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTOR AB                                               | INVESTOR AB SER B                                 | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |      9462 | NS      | $279293.22    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIMENTATION COUCHE-TARD INC                              | ALIMENTATION COUCHE-TARD INC                      | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |      5104 | NS      | $266417.99    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL GAMES SYSTEM CO LTD                         | INTERNATIONAL GAMES SYS CO LTD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       215 | NS      | $5581.80      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                            | MSCI EAFE FUT JUN25 MFSM5                         | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |         6 | NC      | $101.38       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                                  | UNIVERSAL MUSIC GROUP NV                          | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |      1894 | NS      | $55464.22     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 07/24/2025                           | CUSIP: 912797PF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180000 | PA      | $178248.76    | 0.75%             | 2025-07-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SHIN ETSU CHEM CO LTD                                     | SHIN-ETSU CHEMICAL CO LTD                         | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |      7553 | NS      | $228734.72    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| E INK HOLDINGS INC                                        | E INK HOLDINGS INC                                | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |       807 | NS      | $5590.35      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                              | SK HYNIX INC                                      | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |       550 | NS      | $68536.67     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                           | ASML HOLDING NV                                   | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       758 | NS      | $500192.92    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | LLOYDS BANKING GROUP PLC                          | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |     66116 | NS      | $64569.05     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA            | RECORDATI SPA                                     | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      1088 | NS      | $63907.24     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                                               | CAMECO CORP                                       | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2985 | NS      | $134742.89    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON INC                                                 | ALCON INC                                         | CUSIP: N/A<br>LEI: 549300LDT5AP8S0NBM78       | Long             | EC               | CORP              | CH        |       783 | NS      | $75572.52     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE SA                                                   | VALE S.A.                                         | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |      3843 | NS      | $35794.82     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                   | RELIANCE INDS GDR                                 | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |      4867 | NS      | $317815.10    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                                        | FRANCO-NEVADA CORP                                | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      1470 | NS      | $252616.93    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                         | COMPASS GROUP PLC                                 | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |      9100 | NS      | $305372.21    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC                                 | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |     27082 | NS      | $172592.81    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTRAND LIMITED                                         | FIRSTRAND LIMITED                                 | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     10757 | NS      | $42001.53     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREA AEROSPACE INDUSTRIES LTD                            | KOREA AEROSPACE INDUSTRIES LTD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       322 | NS      | $18717.51     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                                   | DSV A/S                                           | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |      1036 | NS      | $218552.13    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                                 | TOKIO MARINE HOLDINGS INC                         | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      6661 | NS      | $265918.23    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PARTNERS GROUP HOLDING                                    | PARTNERS GROUP HOLDING AG                         | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |        98 | NS      | $127702.19    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                                 | THALES                                            | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       251 | NS      | $69636.18     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUTRADE AB                                              | INDUTRADE AB                                      | CUSIP: N/A<br>LEI: 549300FISLQ6CEFP1867       | Long             | EC               | CORP              | SE        |      6606 | NS      | $178246.84    | 0.75%             |  |  |  | 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        |       718 | NS      | $33999.55     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HOLDINGS LTD                                 | CAPITEC BANK HOLDINGS LIMITED                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |       756 | NS      | $139893.28    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                                   | SEA LTD ADR                                       | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      1234 | NS      | $165417.70    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer