# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-000731
**Filing Date:** 2025-9
**Character Count:** 112727
**Document Hash:** 1d2e38ce42adaf613ae4daf6d90a0c2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-000731.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000035402-25-000731

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY 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:** 251349252

**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 Emerging Markets Multifactor ETF (Series ID: S000064787)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000209804 | Fidelity Emerging Markets Multifactor ETF | FDEM            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Emerging Markets Multifactor ETF**

**July 31, 2025**

EMK-NPRT3-0925

1.9893930.106 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.5%** | &nbsp;&nbsp;**Common Stocks - 99.5%** | &nbsp;&nbsp;**Common Stocks - 99.5%** |
|  | Shares | Value ($)<br>|
| BRAZIL - 4.1%  |  |  |
| Consumer Discretionary - 0.5% |  |  |
| Specialty Retail - 0.5% |  |  |
| Vibra Energia SA  | 266600 | 1010009 |
| Energy - 1.5% |  |  |
| Oil, Gas & Consumable Fuels - 1.5% |  |  |
| Petroleo Brasileiro SA - Petrobras  | 336700 | 1962988 |
| Ultrapar Participacoes SA  | 346100 | 1061442 |
|  |  | 3024430 |
| Financials - 1.1% |  |  |
| Banks - 0.4% |  |  |
| Itausa SA  | 513527 | 949354 |
| Insurance - 0.7% |  |  |
| BB Seguridade Participacoes SA  | 110400 | 664544 |
| Caixa Seguridade Participacoes S/A  | 269700 | 663826 |
|  |  | 1328370 |
| TOTAL FINANCIALS |  | 2277724 |
| Materials - 1.0% |  |  |
| Metals & Mining - 1.0% |  |  |
| Vale SA  | 220900 | 2109352 |
| TOTAL BRAZIL |  | 8421515 |
| CHILE - 1.2%  |  |  |
| Consumer Discretionary - 0.8% |  |  |
| Broadline Retail - 0.5% |  |  |
| Falabella SA  | 193704 | 959538 |
| Specialty Retail - 0.3% |  |  |
| Empresas Copec SA  | 106415 | 699847 |
| TOTAL CONSUMER DISCRETIONARY |  | 1659385 |
| Financials - 0.4% |  |  |
| Banks - 0.4% |  |  |
| Banco de Chile  | 6071904 | 830896 |
| TOTAL CHILE |  | 2490281 |
| CHINA - 25.7%  |  |  |
| Communication Services - 8.2% |  |  |
| Diversified Telecommunication Services - 0.4% |  |  |
| China Tower Corp Ltd H Shares (b)(c) | 567800 | 795643 |
| Entertainment - 1.2% |  |  |
| Kingsoft Corp Ltd  | 142000 | 646688 |
| Netease Inc  | 72200 | 1879959 |
|  |  | 2526647 |
| Interactive Media & Services - 6.6% |  |  |
| Autohome Inc Class A ADR  | 44847 | 1214905 |
| Baidu Inc A Shares (d) | 110800 | 1194099 |
| Tencent Holdings Ltd  | 153700 | 10768791 |
|  |  | 13177795 |
| TOTAL COMMUNICATION SERVICES |  | 16500085 |
| Consumer Discretionary - 5.1% |  |  |
| Automobile Components - 0.1% |  |  |
| Fuyao Glass Industry Group Co Ltd H Shares (b)(c) | 40800 | 294955 |
| Automobiles - 0.9% |  |  |
| Brilliance China Automotive Holdings Ltd  | 424000 | 169060 |
| BYD Co Ltd H Shares  | 71000 | 1043745 |
| Geely Automobile Holdings Ltd  | 176000 | 396392 |
| Guangzhou Automobile Group Company Ltd H Shares (e) | 540000 | 218752 |
|  |  | 1827949 |
| Broadline Retail - 2.4% |  |  |
| Alibaba Group Holding Ltd  | 270600 | 3988335 |
| JD.com Inc A Shares  | 55400 | 867345 |
|  |  | 4855680 |
| Hotels, Restaurants & Leisure - 0.7% |  |  |
| Haidilao International Holding Ltd (b)(c) | 128000 | 226975 |
| Trip.com Group Ltd  | 11250 | 705096 |
| Yum China Holdings Inc (Hong Kong)  | 10000 | 465478 |
|  |  | 1397549 |
| Household Durables - 0.3% |  |  |
| Haier Smart Home Co Ltd H Shares  | 107800 | 339192 |
| Hisense Home Appliances Group Co Ltd H Shares  | 62000 | 178497 |
|  |  | 517689 |
| Specialty Retail - 0.4% |  |  |
| Pop Mart International Group Ltd (b)(c) | 24400 | 764637 |
| Textiles, Apparel & Luxury Goods - 0.3% |  |  |
| ANTA Sports Products Ltd  | 37000 | 424204 |
| Bosideng International Holdings Ltd  | 450000 | 256815 |
|  |  | 681019 |
| TOTAL CONSUMER DISCRETIONARY |  | 10339478 |
| Consumer Staples - 0.8% |  |  |
| Personal Care Products - 0.8% |  |  |
| Hengan International Group Co Ltd  | 522000 | 1562675 |
| Energy - 2.9% |  |  |
| Oil, Gas & Consumable Fuels - 2.9% |  |  |
| China Shenhua Energy Co Ltd H Shares  | 463000 | 2008299 |
| Inner Mongolia Yitai Coal Co Ltd B Shares  | 743737 | 1528380 |
| PetroChina Co Ltd H Shares  | 2502000 | 2444629 |
|  |  | 5981308 |
| Financials - 5.0% |  |  |
| Banks - 3.8% |  |  |
| Agricultural Bank of China Ltd H Shares  | 1335000 | 875828 |
| Bank of China Ltd H Shares  | 2302000 | 1331348 |
| Bank of Communications Co Ltd H Shares  | 835000 | 752032 |
| China CITIC Bank Corp Ltd H Shares  | 617000 | 574557 |
| China Construction Bank Corp H Shares  | 2238000 | 2295019 |
| Chongqing Rural Commercial Bank Co Ltd H Shares  | 533000 | 423005 |
| Industrial & Commercial Bank of China Ltd H Shares  | 2019000 | 1548329 |
|  |  | 7800118 |
| Consumer Finance - 0.3% |  |  |
| Qifu Technology Inc Class A ADR  | 18631 | 639602 |
| Insurance - 0.9% |  |  |
| China Pacific Insurance Group Co Ltd H Shares  | 160800 | 648321 |
| China Taiping Insurance Holdings Co Ltd  | 229400 | 511401 |
| People's Insurance Co Group of China Ltd/The H Shares  | 766000 | 589381 |
|  |  | 1749103 |
| TOTAL FINANCIALS |  | 10188823 |
| Health Care - 0.9% |  |  |
| Pharmaceuticals - 0.9% |  |  |
| China Resources Pharmaceutical Group Ltd (b)(c) | 2730000 | 1909261 |
| Industrials - 0.5% |  |  |
| Construction & Engineering - 0.2% |  |  |
| China Communications Services Corp Ltd H Shares  | 634000 | 369901 |
| Machinery - 0.1% |  |  |
| Yangzijiang Shipbuildling (Holdings) Ltd  | 110900 | 218833 |
| Transportation Infrastructure - 0.2% |  |  |
| China Merchants Port Holdings Co Ltd  | 222000 | 437213 |
| TOTAL INDUSTRIALS |  | 1025947 |
| Information Technology - 1.2% |  |  |
| Communications Equipment - 0.3% |  |  |
| ZTE Corp H Shares (e) | 200600 | 636298 |
| Electronic Equipment, Instruments & Components - 0.5% |  |  |
| Kingboard Holdings Ltd  | 270000 | 966497 |
| Technology Hardware, Storage & Peripherals - 0.4% |  |  |
| Lenovo Group Ltd  | 600000 | 773503 |
| TOTAL INFORMATION TECHNOLOGY |  | 2376298 |
| Materials - 1.1% |  |  |
| Metals & Mining - 1.1% |  |  |
| Jiangxi Copper Co Ltd H Shares  | 1093000 | 2197139 |
| TOTAL CHINA |  | 52081014 |
| COLOMBIA - 0.9%  |  |  |
| Financials - 0.4% |  |  |
| Financial Services - 0.4% |  |  |
| Grupo de Inversiones Suramericana SA  | 64477 | 715185 |
| Materials - 0.5% |  |  |
| Construction Materials - 0.5% |  |  |
| Grupo Argos SA/Colombia  | 273350 | 1115679 |
| TOTAL COLOMBIA |  | 1830864 |
| EGYPT - 0.5%  |  |  |
| Financials - 0.5% |  |  |
| Banks - 0.5% |  |  |
| Commercial International Bank - Egypt (CIB)  | 494038 | 957154 |
| GREECE - 0.8%  |  |  |
| Consumer Discretionary - 0.8% |  |  |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| OPAP SA  | 38318 | 862226 |
| Specialty Retail - 0.4% |  |  |
| JUMBO SA  | 24368 | 826671 |
| TOTAL GREECE |  | 1688897 |
| HONG KONG - 2.0%  |  |  |
| Consumer Staples - 0.9% |  |  |
| Food Products - 0.9% |  |  |
| WH Group Ltd (b)(c) | 1865000 | 1879255 |
| Health Care - 1.1% |  |  |
| Pharmaceuticals - 1.1% |  |  |
| United Laboratories International Holdings Ltd/The  | 1208000 | 2274425 |
| TOTAL HONG KONG |  | 4153680 |
| HUNGARY - 2.4%  |  |  |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| MOL Hungarian Oil & Gas PLC Class A  | 154963 | 1353407 |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| OTP Bank Nyrt  | 15980 | 1304134 |
| Health Care - 1.1% |  |  |
| Pharmaceuticals - 1.1% |  |  |
| Richter Gedeon Nyrt  | 71909 | 2166205 |
| TOTAL HUNGARY |  | 4823746 |
| INDIA - 14.8%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.4% |  |  |
| Indus Towers Ltd (d) | 191012 | 791534 |
| Consumer Discretionary - 1.4% |  |  |
| Automobiles - 0.8% |  |  |
| Bajaj Auto Ltd  | 5613 | 513123 |
| Eicher Motors Ltd  | 9665 | 603354 |
| Hero MotoCorp Ltd  | 11507 | 559687 |
|  |  | 1676164 |
| Specialty Retail - 0.3% |  |  |
| Trent Ltd  | 9950 | 569975 |
| Textiles, Apparel & Luxury Goods - 0.3% |  |  |
| Kalyan Jewellers India Ltd  | 76619 | 520159 |
| TOTAL CONSUMER DISCRETIONARY |  | 2766298 |
| Consumer Staples - 1.8% |  |  |
| Personal Care Products - 1.0% |  |  |
| Hindustan Unilever Ltd  | 71674 | 2062866 |
| Tobacco - 0.8% |  |  |
| ITC Ltd  | 341994 | 1608293 |
| TOTAL CONSUMER STAPLES |  | 3671159 |
| Energy - 0.8% |  |  |
| Oil, Gas & Consumable Fuels - 0.8% |  |  |
| Coal India Ltd  | 389212 | 1672169 |
| Financials - 4.2% |  |  |
| Banks - 3.1% |  |  |
| Bank of Baroda  | 139408 | 378555 |
| Federal Bank Ltd  | 177621 | 410460 |
| HDFC Bank Ltd/Gandhinagar  | 121774 | 2805569 |
| ICICI Bank Ltd  | 119187 | 2015596 |
| State Bank of India  | 68075 | 619017 |
|  |  | 6229197 |
| Capital Markets - 0.2% |  |  |
| Multi Commodity Exchange of India Ltd  | 4798 | 421463 |
| Financial Services - 0.2% |  |  |
| One 97 Communications Ltd (d) | 39476 | 490911 |
| Insurance - 0.7% |  |  |
| HDFC Life Insurance Co Ltd (b)(c) | 60355 | 520535 |
| PB Fintech Ltd (d) | 21155 | 437620 |
| SBI Life Insurance Co Ltd (b)(c) | 26487 | 556568 |
|  |  | 1514723 |
| TOTAL FINANCIALS |  | 8656294 |
| Health Care - 1.9% |  |  |
| Life Sciences Tools & Services - 1.2% |  |  |
| Divi's Laboratories Ltd  | 32227 | 2426441 |
| Pharmaceuticals - 0.7% |  |  |
| Natco Pharma Ltd  | 142037 | 1545890 |
| TOTAL HEALTH CARE |  | 3972331 |
| Industrials - 0.9% |  |  |
| Aerospace & Defense - 0.6% |  |  |
| Bharat Electronics Ltd  | 121515 | 531428 |
| Hindustan Aeronautics Ltd (b) | 8388 | 434142 |
|  |  | 965570 |
| Electrical Equipment - 0.2% |  |  |
| Hitachi Energy India Ltd  | 2198 | 504217 |
| Professional Services - 0.1% |  |  |
| Computer Age Management Services Ltd  | 7109 | 303257 |
| TOTAL INDUSTRIALS |  | 1773044 |
| Information Technology - 1.5% |  |  |
| IT Services - 1.4% |  |  |
| HCL Technologies Ltd  | 28624 | 479655 |
| Infosys Ltd  | 76119 | 1311247 |
| Tata Consultancy Services Ltd  | 22780 | 789718 |
| Wipro Ltd  | 99875 | 283097 |
|  |  | 2863717 |
| Software - 0.1% |  |  |
| Oracle Financial Services Software Ltd  | 2061 | 199397 |
| TOTAL INFORMATION TECHNOLOGY |  | 3063114 |
| Materials - 1.9% |  |  |
| Chemicals - 1.0% |  |  |
| Asian Paints Ltd  | 72687 | 1988217 |
| Metals & Mining - 0.9% |  |  |
| NMDC Ltd  | 2257898 | 1824645 |
| TOTAL MATERIALS |  | 3812862 |
| TOTAL INDIA |  | 30178805 |
| INDONESIA - 4.2%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.4% |  |  |
| Telkom Indonesia Persero Tbk PT  | 5204600 | 910924 |
| Consumer Staples - 0.8% |  |  |
| Food Products - 0.8% |  |  |
| Indofood Sukses Makmur Tbk PT  | 2958300 | 1532635 |
| Energy - 1.3% |  |  |
| Oil, Gas & Consumable Fuels - 1.3% |  |  |
| Alamtri Resources Indonesia Tbk PT  | 10491900 | 1179581 |
| United Tractors Tbk PT  | 989600 | 1452376 |
|  |  | 2631957 |
| Financials - 0.4% |  |  |
| Banks - 0.4% |  |  |
| Bank Central Asia Tbk PT  | 1730600 | 870296 |
| Health Care - 1.2% |  |  |
| Pharmaceuticals - 1.2% |  |  |
| Kalbe Farma Tbk PT  | 27965000 | 2430261 |
| Industrials - 0.1% |  |  |
| Industrial Conglomerates - 0.1% |  |  |
| Astra International Tbk PT  | 854400 | 264809 |
| TOTAL INDONESIA |  | 8640882 |
| KOREA (SOUTH) - 11.1%  |  |  |
| Communication Services - 0.9% |  |  |
| Diversified Telecommunication Services - 0.5% |  |  |
| LG Uplus Corp  | 99094 | 1045389 |
| Entertainment - 0.4% |  |  |
| Krafton Inc (d) | 3236 | 766531 |
| TOTAL COMMUNICATION SERVICES |  | 1811920 |
| Consumer Discretionary - 0.8% |  |  |
| Automobile Components - 0.5% |  |  |
| Hankook Tire & Technology Co Ltd  | 12435 | 398569 |
| Hyundai Mobis Co Ltd  | 2664 | 565726 |
|  |  | 964295 |
| Automobiles - 0.3% |  |  |
| Kia Corp  | 8374 | 617724 |
| TOTAL CONSUMER DISCRETIONARY |  | 1582019 |
| Consumer Staples - 1.7% |  |  |
| Food Products - 0.8% |  |  |
| Orion Corp/Republic of Korea  | 19552 | 1569179 |
| Tobacco - 0.9% |  |  |
| KT&G Corp  | 19472 | 1835153 |
| TOTAL CONSUMER STAPLES |  | 3404332 |
| Financials - 1.4% |  |  |
| Banks - 1.0% |  |  |
| BNK Financial Group Inc  | 76333 | 803071 |
| Woori Financial Group Inc  | 66274 | 1180392 |
|  |  | 1983463 |
| Insurance - 0.4% |  |  |
| DB Insurance Co Ltd  | 9375 | 865301 |
| TOTAL FINANCIALS |  | 2848764 |
| Industrials - 0.6% |  |  |
| Air Freight & Logistics - 0.2% |  |  |
| Hyundai Glovis Co Ltd  | 4240 | 450966 |
| Industrial Conglomerates - 0.2% |  |  |
| LG Corp  | 8475 | 484007 |
| Machinery - 0.2% |  |  |
| Doosan Bobcat Inc  | 11996 | 479217 |
| TOTAL INDUSTRIALS |  | 1414190 |
| Information Technology - 3.8% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| LG Innotek Co Ltd  | 487 | 54958 |
| Samsung Electro-Mechanics Co Ltd  | 1316 | 141108 |
|  |  | 196066 |
| IT Services - 0.1% |  |  |
| Samsung SDS Co Ltd  | 979 | 112739 |
| Semiconductors & Semiconductor Equipment - 1.0% |  |  |
| Hanmi Semiconductor Co Ltd  | 1104 | 73160 |
| SK Hynix Inc  | 10332 | 2037642 |
|  |  | 2110802 |
| Technology Hardware, Storage & Peripherals - 2.6% |  |  |
| Samsung Electronics Co Ltd  | 104687 | 5389856 |
| TOTAL INFORMATION TECHNOLOGY |  | 7809463 |
| Materials - 1.9% |  |  |
| Chemicals - 0.8% |  |  |
| Kumho Petrochemical Co Ltd  | 17698 | 1560762 |
| Metals & Mining - 1.1% |  |  |
| Hyundai Steel Co  | 88302 | 2273134 |
| TOTAL MATERIALS |  | 3833896 |
| TOTAL KOREA (SOUTH) |  | 22704584 |
| MALAYSIA - 2.7%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.4% |  |  |
| Telekom Malaysia Bhd  | 492000 | 778664 |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| CIMB Group Holdings Bhd  | 371000 | 569765 |
| Malayan Banking Bhd  | 322900 | 710910 |
|  |  | 1280675 |
| Health Care - 1.1% |  |  |
| Health Care Providers & Services - 1.1% |  |  |
| IHH Healthcare Bhd  | 1319600 | 2057524 |
| Information Technology - 0.0% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| Inari Amertron Bhd  | 97900 | 48434 |
| Materials - 0.6% |  |  |
| Chemicals - 0.6% |  |  |
| Petronas Chemicals Group Bhd  | 1418700 | 1290634 |
| TOTAL MALAYSIA |  | 5455931 |
| MEXICO - 1.7%  |  |  |
| Consumer Staples - 1.3% |  |  |
| Household Products - 1.3% |  |  |
| Kimberly Clark DE Mexico Sab D Series A  | 1404300 | 2622365 |
| Industrials - 0.4% |  |  |
| Transportation Infrastructure - 0.4% |  |  |
| Grupo Aeroportuario del Centro Norte SAB de CV Series B  | 24000 | 318959 |
| Grupo Aeroportuario del Sureste SAB de CV Series B  | 9140 | 277591 |
| Promotora y Operadora de Infraestructura SAB de CV  | 23345 | 275686 |
|  |  | 872236 |
| TOTAL MEXICO |  | 3494601 |
| POLAND - 0.3%  |  |  |
| Information Technology - 0.3% |  |  |
| Software - 0.3% |  |  |
| Asseco Poland SA  | 10930 | 593627 |
| QATAR - 0.6%  |  |  |
| Materials - 0.6% |  |  |
| Chemicals - 0.6% |  |  |
| Mesaieed Petrochemical Holding Co  | 3465562 | 1289711 |
| RUSSIA - 0.0%  |  |  |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Gazprom PJSC (d)(f) | 14450 | 0 |
| Surgutneftegas PAO (d)(f) | 56600 | 0 |
|  |  | 0 |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| Sberbank of Russia PJSC (d)(f) | 38410 | 0 |
| VTB Bank PJSC (d)(f) | 18380 | 0 |
|  |  | 0 |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| GMK Norilskiy Nickel PAO (d)(f) | 18800 | 0 |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Inter RAO UES PJSC (d)(f) | 7348600 | 0 |
| TOTAL RUSSIA |  | 0 |
| SAUDI ARABIA - 3.3%  |  |  |
| Communication Services - 0.7% |  |  |
| Diversified Telecommunication Services - 0.7% |  |  |
| Saudi Telecom Co  | 135366 | 1517098 |
| Financials - 1.1% |  |  |
| Banks - 0.7% |  |  |
| Al Rajhi Bank  | 54254 | 1370416 |
| Insurance - 0.4% |  |  |
| Al Rajhi Co for Co-operative Insurance (d) | 10973 | 347523 |
| Bupa Arabia for Cooperative Insurance Co  | 9735 | 437557 |
|  |  | 785080 |
| TOTAL FINANCIALS |  | 2155496 |
| Materials - 1.5% |  |  |
| Chemicals - 1.5% |  |  |
| SABIC Agri-Nutrients Co  | 51563 | 1638535 |
| Saudi Aramco Base Oil Co  | 47651 | 1326215 |
|  |  | 2964750 |
| TOTAL SAUDI ARABIA |  | 6637344 |
| SOUTH AFRICA - 1.5%  |  |  |
| Energy - 0.5% |  |  |
| Oil, Gas & Consumable Fuels - 0.5% |  |  |
| Exxaro Resources Ltd  | 118474 | 1043580 |
| Financials - 1.0% |  |  |
| Banks - 0.5% |  |  |
| Standard Bank Group Ltd  | 85440 | 1107590 |
| Insurance - 0.5% |  |  |
| Momentum Group Ltd  | 481496 | 918124 |
| TOTAL FINANCIALS |  | 2025714 |
| TOTAL SOUTH AFRICA |  | 3069294 |
| TAIWAN - 17.4%  |  |  |
| Communication Services - 1.2% |  |  |
| Entertainment - 0.4% |  |  |
| International Games System Co Ltd  | 30000 | 790016 |
| Wireless Telecommunication Services - 0.8% |  |  |
| Far EasTone Telecommunications Co Ltd  | 281000 | 769167 |
| Taiwan Mobile Co Ltd  | 237000 | 837708 |
|  |  | 1606875 |
| TOTAL COMMUNICATION SERVICES |  | 2396891 |
| Consumer Discretionary - 0.1% |  |  |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Pou Chen Corp  | 402000 | 381157 |
| Financials - 2.1% |  |  |
| Banks - 1.7% |  |  |
| Far Eastern International Bank  | 1627282 | 733292 |
| King's Town Bank Co Ltd (d) | 423000 | 765290 |
| SinoPac Financial Holdings Co Ltd  | 1158775 | 960875 |
| Taichung Commercial Bank Co Ltd (d) | 1193706 | 889855 |
|  |  | 3349312 |
| Financial Services - 0.4% |  |  |
| Yuanta Financial Holding Co Ltd  | 835320 | 873171 |
| TOTAL FINANCIALS |  | 4222483 |
| Industrials - 0.3% |  |  |
| Industrial Conglomerates - 0.3% |  |  |
| Far Eastern New Century Corp  | 586000 | 563471 |
| Information Technology - 13.7% |  |  |
| Communications Equipment - 0.1% |  |  |
| Accton Technology Corp  | 13000 | 388508 |
| Electronic Equipment, Instruments & Components - 1.9% |  |  |
| Asia Optical Co Inc  | 23000 | 100561 |
| Chroma ATE Inc  | 17000 | 245196 |
| Delta Electronics Inc  | 43000 | 816852 |
| Foxconn Technology Co Ltd  | 62000 | 134812 |
| Hon Hai Precision Industry Co Ltd  | 245000 | 1461095 |
| Largan Precision Co Ltd  | 3000 | 237708 |
| Lotes Co Ltd  | 3000 | 142726 |
| Simplo Technology Co Ltd  | 11000 | 151101 |
| Sinbon Electronics Co Ltd  | 15000 | 122623 |
| Tripod Technology Corp  | 25000 | 234526 |
| Zhen Ding Technology Holding Ltd  | 38000 | 159779 |
|  |  | 3806979 |
| Semiconductors & Semiconductor Equipment - 10.5% |  |  |
| ASE Technology Holding Co Ltd  | 82000 | 418963 |
| Elan Microelectronics Corp  | 25000 | 104280 |
| Jentech Precision Industrial Co Ltd  | 4000 | 192981 |
| King Yuan Electronics Co Ltd  | 51000 | 201625 |
| MediaTek Inc  | 32000 | 1468800 |
| Novatek Microelectronics Corp  | 19000 | 302370 |
| Powertech Technology Inc  | 40000 | 168858 |
| Radiant Opto-Electronics Corp  | 25000 | 115588 |
| Taiwan Semiconductor Manufacturing Co Ltd  | 458000 | 17799817 |
| Topco Scientific Co Ltd  | 13000 | 125655 |
| United Microelectronics Corp  | 294000 | 409270 |
|  |  | 21308207 |
| Technology Hardware, Storage & Peripherals - 1.2% |  |  |
| Asustek Computer Inc  | 19000 | 421410 |
| Catcher Technology Co Ltd  | 29000 | 205980 |
| Chicony Electronics Co Ltd  | 32000 | 140447 |
| Compal Electronics Inc  | 158000 | 156160 |
| Getac Holdings Corp  | 33000 | 130463 |
| King Slide Works Co Ltd  | 3000 | 267862 |
| Lite-On Technology Corp  | 70000 | 279085 |
| Pegatron Corp  | 70000 | 187620 |
| Quanta Computer Inc  | 66000 | 622465 |
|  |  | 2411492 |
| TOTAL INFORMATION TECHNOLOGY |  | 27915186 |
| TOTAL TAIWAN |  | 35479188 |
| THAILAND - 0.9%  |  |  |
| Communication Services - 0.5% |  |  |
| Wireless Telecommunication Services - 0.5% |  |  |
| Advanced Info Service PCL depository receipt  | 103600 | 922510 |
| Financials - 0.2% |  |  |
| Banks - 0.2% |  |  |
| Krung Thai Bank PCL depository receipt  | 670300 | 451242 |
| Information Technology - 0.2% |  |  |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| Delta Electronics Thailand PCL depository receipt  | 94200 | 420845 |
| Utilities - 0.0% |  |  |
| Independent Power and Renewable Electricity Producers - 0.0% |  |  |
| Gulf Development PCL depository receipt  | 1 | 1 |
| TOTAL THAILAND |  | 1794598 |
| TURKEY - 2.6%  |  |  |
| Communication Services - 0.4% |  |  |
| Wireless Telecommunication Services - 0.4% |  |  |
| Turkcell Iletisim Hizmetleri AS  | 392282 | 901148 |
| Consumer Staples - 0.9% |  |  |
| Consumer Staples Distribution & Retail - 0.9% |  |  |
| BIM Birlesik Magazalar AS  | 136688 | 1786342 |
| Financials - 1.1% |  |  |
| Banks - 1.1% |  |  |
| Akbank TAS  | 440173 | 731941 |
| Haci Omer Sabanci Holding AS  | 285349 | 670264 |
| Turkiye Is Bankasi AS Class C  | 1966332 | 717883 |
|  |  | 2120088 |
| Industrials - 0.2% |  |  |
| Construction & Engineering - 0.2% |  |  |
| Enka Insaat ve Sanayi AS  | 253948 | 435415 |
| TOTAL TURKEY |  | 5242993 |
| UNITED ARAB EMIRATES - 0.8%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| Abu Dhabi Islamic Bank PJSC  | 185428 | 1219662 |
| Industrials - 0.2% |  |  |
| Transportation Infrastructure - 0.2% |  |  |
| Salik Co PJSC  | 238488 | 415541 |
| TOTAL UNITED ARAB EMIRATES |  | 1635203 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $182,314,474) |  | <br> **202663912** |

---

---

| | | |
|:---|:---|:---|
| &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>|
| RUSSIA - 0.0%  |  |  |
| Energy - 0.0% |  |  |
| Oil, Gas & Consumable Fuels - 0.0% |  |  |
| Transneft PJSC (d)(f)<br>(Cost $23,787)<br>| 1200 | **0** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 0.0%** |
|  | Yield (%) (h) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 8/21/2025 (i)<br>(Cost $31,925)<br>| 4.25 | 32000 | **31924** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.5%** | &nbsp;&nbsp;**Money Market Funds - 0.5%** | &nbsp;&nbsp;**Money Market Funds - 0.5%** | &nbsp;&nbsp;**Money Market Funds - 0.5%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (j) | 4.33 | 313682 | 313745 |
| Fidelity Securities Lending Cash Central Fund (j)(k) | 4.33 | 652735 | 652800 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $966,545) |  |  | **966545** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.0%**<br> (Cost $183,336,731)<br>| <br>**203662381** |
| **NET OTHER ASSETS (LIABILITIES) - 0.0%** (g)  | **81122** |
| **NET ASSETS - 100.0%** | **203743503** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &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 |  |  |  |  |  |
| ICE MSCI Emerging Markets Index Contracts (United States) | 16 | Sep 2025 | 990640 | 23498 | 23498 |
| The notional amount of futures purchased as a percentage of Net Assets is 0.5% | The notional amount of futures purchased as a percentage of Net Assets is 0.5% | The notional amount of futures purchased as a percentage of Net Assets is 0.5% | The notional amount of futures purchased as a percentage of Net Assets is 0.5% | The notional amount of futures purchased as a percentage of Net Assets is 0.5% | The notional amount of futures purchased as a percentage of Net Assets is 0.5% |

---

**Legend**

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

(b) 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 $7,381,971 or 3.6% of net assets.

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $6,947,829 or 3.4% of net assets.

(d) Non-income producing.

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

(f) Level 3 security

(g) Includes $67,612 of cash collateral to cover margin requirements for futures contracts.

(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 $31,924.

(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.

**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 | 288455 | 40557321 | 40532031 | 14948 | - | - | 313745 | 313682 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | - | 8909361 | 8256561 | 5011 | - | - | 652800 | 652735 | 0.0% |
| Total | 288455 | 49466682 | 48788592 | 19959 | - | - | 966545 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

**Derivative Instruments**

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Emerging Markets Multifactor ETF

- **b. EDGAR series identifier (if any):** S000064787

- **c. LEI of Series:** 549300KZU4Q9T0BNK116

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $204450715.44

**Total Liabilities:** $707287.39

**Net Assets:** $203743428.05

**Cash Not Reported:** $377565.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209804 | 4.21%                | 5.40%                | 2.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1.08                    | $6331245.19                                |
| Month 2  | $-79324.42               | $8342090.15                                |
| Month 3  | $-1366.04                | $2778485.33                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHINA CONSTRUCTION BANK CORP                      | CHINA CONSTRUCTION BANK CORP H                              | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   2238000 | NS      | $2295019.11   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MALAYAN BANKING BERHAD                            | MALAYAN BANKING                                             | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    322900 | NS      | $710909.96    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM BIRLESIK MAGAZALAR AS                         | BIM BIRLESIK MAGAZALAR AS                                   | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    136688 | NS      | $1786342.08   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CATCHER TECHNOLOGY CO LTD                         | CATCHER TECHNOLOGY CO LTD                                   | CUSIP: N/A<br>LEI: 5299006PRSCU66N5JF55       | Long             | EC               | CORP              | TW        |     29000 | NS      | $205980.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FOXCONN TECHNOLOGY CO LTD                         | FOXCONN TECHNOLOGY CO LTD                                   | CUSIP: N/A<br>LEI: 3003003OO8QC88ZHCE44       | Long             | EC               | CORP              | TW        |     62000 | NS      | $134811.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA TOWER CORP LTD                              | CHINA TOWER CORP LTD H                                      | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |    567800 | NS      | $795643.31    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FAR EASTERN NEW CENTURY CORP                      | FAR EASTERN NEW CENTURY CORP                                | CUSIP: N/A<br>LEI: 254900CDLU5OS06M6K24       | Long             | EC               | CORP              | TW        |    586000 | NS      | $563470.98    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                        | SAMSUNG ELECTRONICS CO LTD                                  | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    104687 | NS      | $5389855.64   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPAC FINANCIAL HOLDINGS CO LTD                 | SINOPAC HOLDINGS                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1158775 | NS      | $960873.82    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN UNILEVER LTD                            | HINDUSTAN UNILEVER LTD                                      | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |     71674 | NS      | $2062866.07   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL SUREST E SAB DE CV        | GRUPO AEROPORT DEL SURST SAB B                              | CUSIP: N/A<br>LEI: 5299001W7JIDXCUOUC82       | Long             | EC               | CORP              | MX        |      9140 | NS      | $277590.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA COMPUTER INC                               | QUANTA COMPUTER INC                                         | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |     66000 | NS      | $622464.19    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RICHTER GEDEON NYRT                               | RICHTER GEDEON NYRT                                         | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     71909 | NS      | $2166205.08   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FAR EASTONE TELECOMMUNICATIONS CO LTD             | FAR EASTONE TELECOM CO LTD                                  | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |    281000 | NS      | $769166.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD          | BRILLIANCE CH AUTO HLDG LTD                                 | CUSIP: N/A<br>LEI: 5299005WPCSQN14NBM26       | Long             | EC               | CORP              | BM        |    424000 | NS      | $169059.87    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KUMHO PETRO CHEMICAL CO LTD                       | KUMHO PETRO CHEMICAL CO LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     17698 | NS      | $1560762.47   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGATRON CORP                                     | PEGATRON CORP                                               | CUSIP: N/A<br>LEI: 529900M87JQS8TUO0L66       | Long             | EC               | CORP              | TW        |     70000 | NS      | $187620.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSNEFT PJSC                                    | AK TRANSNEFT PJSC PFD(RUB) PAR=1                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | RU        |      1200 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ABU DHABI ISLAMIC BANK                            | ABU DHABI ISLAMIC BANK                                      | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |    185428 | NS      | $1219662.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI GLOVIS CO LTD                             | HYUNDAI GLOVIS CO LTD                                       | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      4240 | NS      | $450966.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPLO TECHNOLOGY CO LTD                          | SIMPLO TECHNOLOGY CO LTD                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     11000 | NS      | $151101.43    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PB FINTECH LTD                                    | PB FINTECH LTD                                              | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |     21155 | NS      | $437620.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KALBE FARMA PT                                    | KALBE FARMA PT (DEMAT)                                      | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |  27965000 | NS      | $2430261.32   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ORION CORP/REPUBLIC OF KOREA/NEW                  | ORION CORP/REPUBLIC OF KOREA                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     19552 | NS      | $1569179.12   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| POP MART INTERNATIONAL GROUP LTD                  | POP MART INTERNATIONAL GROUP LTD                            | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |     24400 | NS      | $764636.94    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO ARGOS SA                                    | GRUPO ARGOS SA                                              | CUSIP: N/A<br>LEI: 254900HANAO95XIAE681       | Long             | EC               | CORP              | CO        |    273350 | NS      | $1115679.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKCELL ILETISIM HIZMET A S                      | TURKCELL ILETISIM HIZMET AS                                 | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    392282 | NS      | $901147.89    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| INARI AMERTRON BHD                                | INARI AMERTRON BHD                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     97900 | NS      | $48433.53     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE TECHNOLOGY HOLDING CO LTD                     | ASE TECHNOLOGY HOLDING CO LTD                               | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |     82000 | NS      | $418963.06    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU INC                                         | BAIDU INC CL A                                              | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |    110800 | NS      | $1194099.36   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGBOARD HOLDINGS LTD                            | KINGBOARD HOLDINGS LTD                                      | CUSIP: N/A<br>LEI: 529900G89MY26MMSDR76       | Long             | EC               | CORP              | KY        |    270000 | NS      | $966496.82    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                      | MEDIA TEK INC                                               | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     32000 | NS      | $1468799.73   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| INTER RAO JSC                                     | INTER RAO JSC                                               | CUSIP: N/A<br>LEI: 253400PMFKF8Q8G1FA17       | Long             | EC               | CORP              | RU        |   7348600 | NS      | $0.92         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SINBON ELECTRONICS CO LTD                         | SINBON ELECTRONICS CO                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     15000 | NS      | $122623.34    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DE CHILE                                    | BANCO DE CHILE                                              | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   6071904 | NS      | $830896.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARAT ELECTRONICS LTD                            | BHARAT ELECTRONICS LTD (DEMAT)                              | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    121515 | NS      | $531427.63    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS INC                             | DELTA ELECTRONICS IND CO LTD                                | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     43000 | NS      | $816852.33    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOBIS CO LTD                              | HYUNDAI MOBIS                                               | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      2664 | NS      | $565725.41    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIDILAO INTERNATIONAL HOLDING LTD                | HAIDILAO INTERNATIONAL HOLDING LTD                          | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |    128000 | NS      | $226975.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BNK FINANCIAL GROUP INC                           | BNK FINANCIAL GROUP INC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     76333 | NS      | $803070.72    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTE CORPORATION                                   | ZTE CORPORATION H                                           | CUSIP: N/A<br>LEI: 52990091DL79U1DJ9L47       | Long             | EC               | CORP              | CN        |    200600 | NS      | $636298.09    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| FALABELLA SA                                      | FALABELLA SA                                                | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |    193704 | NS      | $959537.93    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIAN PAINTS LTD                                  | ASIAN PAINTS LTD (DEMAT)                                    | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |     72687 | NS      | $1988216.96   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE IS BANK AS                                | TURKIYE IS BANKASI AS C                                     | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |   1966332 | NS      | $717883.38    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| KRUNG THAI BANK PUBLIC CO LTD                     | KRUNG THAI BANK (NVDR)                                      | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |    670300 | NS      | $451242.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LTD                    | AGRICULTURAL BANK OF CHINA H                                | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   1335000 | NS      | $875828.03    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL BANK LTD                                  | FEDERAL BANK LTD                                            | CUSIP: N/A<br>LEI: 335800J8VWGE2HGWF417       | Long             | EC               | CORP              | IN        |    177621 | NS      | $410460.41    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA SPORTS PRODUCTS LTD                          | ANTA SPORTS PRODUCTS LTD                                    | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     37000 | NS      | $424203.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TELKOM INDONESIA PERSERO TBK PT (DEMAT)           | TELKOM INDONESIA PERSERO TBK PT (DEMAT) DEMATERIALIZED SHRS | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   5204600 | NS      | $910923.61    | 0.45%             |  |  |  | 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        |    107800 | NS      | $339192.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INDOFOOD SUKSES MAKMUR TBK PT                     | INDOFOOD SUKSES MAKMR (DEMAT)                               | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |   2958300 | NS      | $1532634.91   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                          | JUMBO SA                                                    | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |     24368 | NS      | $826671.29    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LENOVO GROUP LTD                                  | LENOVO GROUP LTD                                            | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |    600000 | NS      | $773503.18    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGAN PRECISION CO LTD                           | LARGAN PRECISION CO LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3000 | NS      | $237708.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF BARODA                                    | BANK OF BARODA (DEMAT)                                      | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |    139408 | NS      | $378555.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI CO FOR CO-OPERATIVE INSURANCE            | AL RAJHI CO FOR CO-OPERATIVE INSURANCE                      | CUSIP: N/A<br>LEI: 558600VHM09JP5WQFN39       | Long             | EC               | CORP              | SA        |     10973 | NS      | $347522.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QIFU TECHNOLOGY INC                               | QIFU TECHNOLOGY INC ADR                                     | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | KY        |     18631 | NS      | $639602.23    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA PACIFIC INSURANCELTD (GROUP) CO LTD         | CHINA PACIFIC INS(GRP) CO LTD H                             | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    160800 | NS      | $648321.02    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                                        | BYD COMPANY LTD H                                           | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     71000 | NS      | $1043745.22   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD            | ORACLE FIN SVCS SOFTWARE LTD                                | CUSIP: N/A<br>LEI: 3358008SYNPKSPNMTJ57       | Long             | EC               | CORP              | IN        |      2061 | NS      | $199397.54    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTES CO LTD                                      | LOTES CO LTD                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3000 | NS      | $142725.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NATCO PHARMA LTD                                  | NATCO PHARMA LTD                                            | CUSIP: N/A<br>LEI: 33580086GIBRWXSNGG39       | Long             | EC               | CORP              | IN        |    142037 | NS      | $1545890.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORP                                          | KIA CORP                                                    | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      8374 | NS      | $617724.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONICS THAI PCL                        | DELTA ELECTRONICS THAI-NVDR                                 | CUSIP: N/A<br>LEI: 529900JKLVG9Y2SVWL93       | Long             | EC               | CORP              | TH        |     94200 | NS      | $420844.55    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SURGUTNEFTEGAZ PJSC                               | SURGUTNEFTEGAS PJSC                                         | CUSIP: N/A<br>LEI: 2138002GZLU65FRAC894       | Long             | EC               | CORP              | RU        |     56600 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JENTECH PRECISION INDUSTRIAL CO LTD               | JENTECH PRECISION INDUS CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      4000 | NS      | $192980.99    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMB GROUP HOLDINGS BERHAD                        | CIMB GROUP HOLDINGS BERHAD                                  | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |    371000 | NS      | $569765.53    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| YANGZIJIANG SHIPBUILDLING (HOLDINGS) LTD          | YANGZIJIANG SHIPBLDG HLDGS LTD                              | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    110900 | NS      | $218833.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCTON TECHNOLOGY CORP                            | ACCTON TECHNOLOGY CORP                                      | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     13000 | NS      | $388508.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMTRI RESOURCES INDONESIA TBK PT                | ALAMTRI RESOURCES INDONESIA TBK PT                          | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |  10491900 | NS      | $1179581.59   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPUTER AGE MANAGEMENT SERVICES LTD              | COMPUTER AGE MANAGEMENT SERVICES PVT LTD                    | CUSIP: N/A<br>LEI: 33580012MDHMBHWN5Z06       | Long             | EC               | CORP              | IN        |      7109 | NS      | $303256.74    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PETRONAS CHEMICALS GROUP BHD                      | PETRONAS CHEMICALS GROUP BHD                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1418700 | NS      | $1290634.47   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| INNER MONGOL YITAI COAL CO LTD                    | INNER MONGOLIA YITAI COAL CL B                              | CUSIP: N/A<br>LEI: 529900OW9OHPX81B0T69       | Long             | EC               | CORP              | CN        |    743737 | NS      | $1528379.54   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM CHINA HOLDINGS INC                            | YUM CHINA HOLDINGS INC                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     10000 | NS      | $465477.71    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY CLARK DE MEXICO SAB D                    | KIMBERLY-CLARK DE MEXICO CL A                               | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |   1404300 | NS      | $2622364.39   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF COMMUNICATIONS CO LTD                     | BANK OF COMMUNICATIONS H                                    | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |    835000 | NS      | $752031.85    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                         | ALIBABA GROUP HOLDING LTD                                   | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    270600 | NS      | $3988333.76   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| OPAP SA                                           | GREEK ORG OF FOOTBL PROGNOC SA                              | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     38318 | NS      | $862226.01    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KING SLIDE WORKS CO LTD                           | KING SLIDE WORKS CO LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3000 | NS      | $267861.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JIANGXI COPPER CO LTD                             | JIANGXI COPPER CO LTD H                                     | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |   1093000 | NS      | $2197138.85   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WIPRO LTD                                         | WIPRO LTD (DEMAT)                                           | CUSIP: N/A<br>LEI: 335800IFS1IJHESG8362       | Long             | EC               | CORP              | IN        |     99875 | NS      | $283097.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIA OPTICAL CO INC                               | ASIA OPTICAL CO INC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     23000 | NS      | $100561.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                          | BANK CENTRAL ASIA                                           | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |   1730600 | NS      | $870295.65    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| VIBRA ENERGIA SA                                  | VIBRA ENERGIA SA                                            | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    266600 | NS      | $1010009.02   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES PHARMACEUTICAL GROUP LTD          | CHINA RESOURCES PHARMACEUTICAL GROUP LTD                    | CUSIP: N/A<br>LEI: 3003004H1KDKMJ8JD874       | Long             | EC               | CORP              | HK        |   2730000 | NS      | $1909261.15   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HANKOOK TIRE and TECHNOLOGY CO LTD                | HANKOOK TIRE AND TECHNOLOGY CO L                            | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |     12435 | NS      | $398569.19    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KT and G CORP                                     | KT and G CORP                                               | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |     19472 | NS      | $1835153.16   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXA SEGURIDADE PARTICIPACOES S/A                | CAIXA SEGURIDADE PARTICIPACO                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    269700 | NS      | $663826.53    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AKBANK TAS                                        | AKBANK TAS                                                  | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    440173 | NS      | $731940.91    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KING YUAN ELECTRONICS CO LTD                      | KING YUAN ELECTRONICS CO LTD                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     51000 | NS      | $201624.93    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VTB BANK PJSC                                     | VTB BANK PJSC                                               | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               | CORP              | RU        |     18380 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ELAN MICROELECTRONICS CORP                        | ELAN MICROELECTRONICS CORP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $104280.09    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSECO POLAND SA                                  | ASSECO POLAND SA                                            | CUSIP: N/A<br>LEI: 259400O79EWIK4XZPL40       | Long             | EC               | CORP              | PL        |     10930 | NS      | $593627.21    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV    | GRUPO AERO CENTRO NORTE CL B                                | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     24000 | NS      | $318959.02    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CORP LTD                                 | KINGSOFT CORP LTD                                           | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               | CORP              | KY        |    142000 | NS      | $646687.90    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL TECHNOLOGIES LTD                              | HCL TECHNOLOGIES LTD (DEMAT)                                | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     28624 | NS      | $479654.90    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KALYAN JEWELLERS INDIA LTD                        | KALYAN JEWELLERS INDIA LTD                                  | CUSIP: N/A<br>LEI: 335800EP35CO1QHM9P33       | Long             | EC               | CORP              | IN        |     76619 | NS      | $520159.47    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRAPAR PARTICIPACOES SA                         | ULTRAPAR PARTICIPACOES SA                                   | CUSIP: N/A<br>LEI: 529900FU4XBXGQMLRE72       | Long             | EC               | CORP              | BR        |    346100 | NS      | $1061442.16   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TAICHUNG COMMERCIAL BANK CO LTD                   | TAICHUNG BUSINESS BANK                                      | CUSIP: N/A<br>LEI: 549300VNYOLU68FQNE06       | Long             | EC               | CORP              | TW        |   1193706 | NS      | $889855.38    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD                                | TRIP.COM GROUP LTD                                          | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | KY        |     11250 | NS      | $705095.54    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CHROMA ATE INC                                    | CHROMA ATE INC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     17000 | NS      | $245196.42    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXARO RESOURCES LTD                              | EXXARO RESOURCES LTD                                        | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |    118474 | NS      | $1043580.19   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UTD TRACTORS TBK PT                               | UNITED TRACTORS PT                                          | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    989600 | NS      | $1452375.57   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPCO SCIENTIFIC CO LTD                           | TOPCO SCIENTIFIC CO LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     13000 | NS      | $125655.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GAZPROM PJSC                                      | GAZPROM OAO                                                 | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |     14450 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MMC NORILSK NICKEL PJSC                           | MMC NORILSK NICKEL PJSC                                     | CUSIP: N/A<br>LEI: 253400JPTEEW143W3E47       | Long             | EC               | CORP              | RU        |     18800 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COMMERCIAL INTERNATIONAL BANK EGYPT (CIB)         | COMMERCIAL INTERNATIONAL BANK EGYPT (CIB)                   | CUSIP: N/A<br>LEI: 213800FIIXJAMEVRIH48       | Long             | EC               | CORP              | EG        |    494038 | NS      | $957154.12    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN AERONAUTICS LTD                         | HINDUSTAN AERONAUTICS LIMITED                               | CUSIP: N/A<br>LEI: 335800AKDC7T933T3I86       | Long             | EC               | CORP              | IN        |      8388 | NS      | $434142.65    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SALIK CO PJSC                                     | SALIK CO PJSC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    238488 | NS      | $415540.88    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC LTD                                           | ITC LTD (DEMAT)                                             | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    341994 | NS      | $1608292.68   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRA INTERNATIONAL TBK PT                        | ASTRA INTL TBK PT (DEMAT)                                   | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |    854400 | NS      | $264809.48    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GUANGZHOU AUTOMOBILE GROUP COMPANY LTD            | GUANGZHOU AUTOMOB GRP CO LTD H                              | CUSIP: N/A<br>LEI: 5299005KY9BJO3ZE6A37       | Long             | EC               | CORP              | CN        |    540000 | NS      | $218751.59    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| HENGAN INTERNATIONAL GROUP CO LTD                 | HENGAN INTL GRP CO LTD                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    522000 | NS      | $1562675.16   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LG CORP                                           | LG CORP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8475 | NS      | $484006.35    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DOOSAN BOBCAT INC                                 | DOOSAN BOBCAT INC                                           | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               | CORP              | KR        |     11996 | NS      | $479217.19    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF CHINA LTD                                 | BANK OF CHINA LTD H                                         | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   2302000 | NS      | $1331347.77   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED INFO SERVICE PCL                         | ADVANCED INFO SERVICE NVDR                                  | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |    103600 | NS      | $922509.18    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE97 COMMUNICATIONS LTD                          | ONE97 COMMUNICATIONS LTD                                    | CUSIP: N/A<br>LEI: 335800ZRHU5J6GSTMI23       | Long             | EC               | CORP              | IN        |     39476 | NS      | $490910.89    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MOMENTUM GROUP LIMITED                            | MOMENTUM GROUP LIMITED                                      | CUSIP: N/A<br>LEI: 98450051AABCKEC84814       | Long             | EC               | CORP              | ZA        |    481496 | NS      | $918124.27    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGS TOWN BANK CO LTD                            | KINGS TOWN BANK                                             | CUSIP: N/A<br>LEI: 549300WWWDUONZNJTT60       | Long             | EC               | CORP              | TW        |    423000 | NS      | $765290.23    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICONY ELECTRONICS CO LTD                        | CHICONY ELECTRONICS CO LTD                                  | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |     32000 | NS      | $140447.27    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PROMOTORA Y OPERADORA DE INFRAESTRUCTURA SA DE CV | PROMOTORA Y OP DE INFRASHS                                  | CUSIP: N/A<br>LEI: 52990035X6RK8DBUWA73       | Long             | EC               | CORP              | MX        |     23345 | NS      | $275686.37    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GETAC HOLDINGS CORP                               | GETAC HOLDINGS CORP                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     33000 | NS      | $130463.19    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA CONSULTANCY SERVICES LTD                     | TATA CONSULTANCY SERVICES LTD                               | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     22780 | NS      | $789717.94    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| WOORI FINANCIAL GROUP INC                         | WOORI FINANCIAL GROUP INC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     66274 | NS      | $1180392.13   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFTON INC                                       | KRAFTON INC                                                 | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               | CORP              | KR        |      3236 | NS      | $766531.58    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO LTD                 | FUYAO GLASS INDUSTRY GROUP CO LTD H                         | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |     40800 | NS      | $294955.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ENKA INSAAT VE SANAYI AS                          | ENKA INSAAT VE SANAYI AS                                    | CUSIP: N/A<br>LEI: 789000EE9HXTYDRH9O46       | Long             | EC               | CORP              | TR        |    253948 | NS      | $435414.50    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WH GROUP LTD                                      | WH GROUP LTD                                                | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |   1865000 | NS      | $1879254.78   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                                 | TENCENT HOLDINGS LTD                                        | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    153700 | NS      | $10768789.81  | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAL ELECTRONICS INC                            | COMPAL ELECTRONICS INC                                      | CUSIP: N/A<br>LEI: 529900ZPKWFDL21LW166       | Long             | EC               | CORP              | TW        |    158000 | NS      | $156160.48    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVATEK MICROELECTRONICS CORP                     | NOVATEK MICROELECTRONICS CORP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     19000 | NS      | $302370.38    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MICROELECTRONICS CORP                      | UNITED MICROELECTRONICS CORP                                | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |    294000 | NS      | $409270.46    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| YUANTA FINL HOLDING CO LTD                        | YUANTA FINL HLDG CO LTD                                     | CUSIP: N/A<br>LEI: 21380045JG57LJEFFE13       | Long             | EC               | CORP              | TW        |    835320 | NS      | $873171.42    | 0.43%             |  |  |  | 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        |    458000 | NS      | $17799815.73  | 8.74%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE BANK OF INDIA                               | STATE BANK OF INDIA (DEMAT) DEMATERIALIZED SHS              | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |     68075 | NS      | $619017.29    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDS CO LTD                                | SAMSUNG SDS CO LTD                                          | CUSIP: N/A<br>LEI: 988400G19T2TB4CAWX91       | Long             | EC               | CORP              | KR        |       979 | NS      | $112738.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DB INSURANCE CO LTD                               | DB INSURANCE CO LTD                                         | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      9375 | NS      | $865301.41    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SABIC AGRI-NUTRIENTS CO                           | SABIC AGRI-NUTRIENTS CO                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     51563 | NS      | $1638535.26   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LITE-ON TECHNOLOGY CORP                           | LITE ON TECHNOLOGY CORP                                     | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |     70000 | NS      | $279085.35    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                      | Fidelity Cash Central Fund                                  | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    313682 | NS      | $313745.17    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEKOM MALAYSIA BERHAD                           | TELEKOM MALAYSIA BHD                                        | CUSIP: N/A<br>LEI: 254900SNFPTSDGGVEK77       | Long             | EC               | CORP              | MY        |    492000 | NS      | $778663.54    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HITACHI ENERGY INDIA LTD                          | HITACHI ENERGY INDIA LTD                                    | CUSIP: N/A<br>LEI: 549300ASJQYQLII9F213       | Long             | EC               | CORP              | IN        |      2198 | NS      | $504217.35    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PEOPLES INSURANCE CO GRP OF CHINA                 | PEOPLES INSURANCE CO GRP OF CHINA LTD H                     | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    766000 | NS      | $589380.89    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NMDC LTD                                          | NMDC LTD                                                    | CUSIP: N/A<br>LEI: 335800IXHXOHQ7B2HP66       | Long             | EC               | CORP              | IN        |   2257898 | NS      | $1824644.75   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MERCHANTS PORT HOLDINGS                     | CHINA MERCHANTS PORT HOLDINGS                               | CUSIP: N/A<br>LEI: 529900GA4UH90FUOR048       | Long             | EC               | CORP              | HK        |    222000 | NS      | $437212.74    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD BK GROUP LTD                             | STANDARD BANK GROUP LTD                                     | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |     85440 | NS      | $1107589.68   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| POWERTECH TECHNOLOGY INC                          | POWERTECH TECHNOLOGY INC                                    | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |     40000 | NS      | $168858.36    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                        | JD.COM INC CL A                                             | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     55400 | NS      | $867345.22    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIANT OPTO-ELECTRONICS CORP                     | RADIANT OPTO-ELECTRONICS CORP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $115587.57    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                     | HDFC BANK LTD (DEMAT)                                       | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |    121774 | NS      | $2805568.42   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                           | SBERBANK OF RUSSIA                                          | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |     38410 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MOL HUNGARIAN OIL AND GAS PLC                     | MOL HUNGARIAN OIL and GAS PLC                               | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |    154963 | NS      | $1353407.05   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI TELECOM CO                                  | SAUDI TELECOM CO                                            | CUSIP: N/A<br>LEI: 21380028ATJ79OTA9W17       | Long             | EC               | CORP              | SA        |    135366 | NS      | $1517098.09   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROCHINA CO LTD                                 | PETROCHINA CO LTD H                                         | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   2502000 | NS      | $2444629.30   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN MOBILE CO LTD                              | TAIWAN MOBILE CO LTD                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    237000 | NS      | $837708.35    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUS TOWERS LTD                                  | INDUS TOWERS LTD                                            | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    191012 | NS      | $791533.62    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA SHENHUA ENERGY CO LTD                       | CHINA SHENHUA ENERGY CO H                                   | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    463000 | NS      | $2008299.36   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| LG UPLUS CORP                                     | LG UPLUS CORP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     99094 | NS      | $1045388.82   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSIDENG INTERNATIONAL HOLDINGS LTD               | BOSIDENG INTERNATL HOLDING LTD                              | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    450000 | NS      | $256815.29    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| POU CHEN CORP                                     | POU CHEN CORP                                               | CUSIP: N/A<br>LEI: 25490027LIXQ7W4PBH18       | Long             | EC               | CORP              | TW        |    402000 | NS      | $381157.55    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HANMI SEMICONDUCTOR CO LTD                        | HANMI SEMICONDUTOR CO LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1104 | NS      | $73159.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESAS COPEC SA                                 | COPEC SA (CIA DE PETRO CHILE) (CIA DE PETROLEOS DE CHILE)   | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50       | Long             | EC               | CORP              | CL        |    106415 | NS      | $699846.98    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP BANK PLC                                      | OTP BANK (REG)                                              | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     15980 | NS      | $1304134.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI BANK                                     | AL RAJHI BANKING and INVEST CORP                            | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |     54254 | NS      | $1370415.74   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL and COMMERCIAL BANK OF CHINA           | INDUSTRIAL and COM BK OF CHINA H                            | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |   2019000 | NS      | $1548328.66   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| HISENSE HOME APPLIANCES GROUP CO LTD              | HISENSE HOME APPLIANCES GROUP CO LTD H                      | CUSIP: N/A<br>LEI: 529900PRGESPUBUBN103       | Long             | EC               | CORP              | CN        |     62000 | NS      | $178496.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IHH HEALTHCARE BHD                                | IHH HEALTHCARE BHD                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1319600 | NS      | $2057524.03   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASUSTEK COMPUTER INC                              | ASUSTEK COMPUTER INC                                        | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |     19000 | NS      | $421408.83    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEN DING TECH HOLDING LTD                        | ZHEN DING TECHONGY HOLDING LTD                              | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |     38000 | NS      | $159778.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI ARAMCO BASE OIL CO                          | LUBEREF                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     47651 | NS      | $1326214.82   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                      | Fidelity Securities Lending Cash Central Fund               | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    660234 | NS      | $660300.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GULF DEVELOPMENT PCL                              | GULF DEVELOPMENT PCL NVDR                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |         1 | NS      | $1.45         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EICHER MOTORS LTD                                 | EICHER MOTORS LTD                                           | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |      9665 | NS      | $603353.96    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA TAIPING INSURANCE HOLDINGS CO LTD           | CHINA TAIPING INSU HLDS CO LTD                              | CUSIP: N/A<br>LEI: 529900C2G37NOIADYW07       | Long             | EC               | CORP              | HK        |    229400 | NS      | $511401.27    | 0.25%             |  |  |  | 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        |     30000 | NS      | $790015.91    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAUSA SA                                         | ITAUSA (INVEST ITAU) PFD                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    513527 | NS      | $949353.75    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOHOME INC                                      | AUTOHOME INC ADR CL A                                       | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | KY        |     44847 | NS      | $1214905.23   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                      | SK HYNIX INC                                                | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     10332 | NS      | $2037642.05   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC LIFE INSURANCE CO LTD                        | HDFC LIFE INSURANCE CO LTD                                  | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |     60355 | NS      | $520534.85    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                                    | MSCI EMGMKT FUT SEP25 MESU5                                 | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |        16 | NC      | $23497.66     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIPOD TECHNOLOGY CORP                            | TRIPOD TECHNOLOGY CORP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     25000 | NS      | $234525.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEO BRASILEIRO-PETROBRAS                     | PETROBRAS PN (PFD REG)                                      | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    336700 | NS      | $1962988.27   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BB SEGURIDADE PARTICIPACOES SA                    | BB SEGURIDADE PARTICIPACOES SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    110400 | NS      | $664543.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO LTD                 | HON HAI PRECISION IND CO LTD                                | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    245000 | NS      | $1461093.89   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE SA                                           | VALE S.A.                                                   | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    220900 | NS      | $2109352.24   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                                         | UST BILLS 0% 08/21/2025                                     | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     32000 | PA      | $31923.63     | 0.02%             | 2025-08-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHINA CITIC BANK CORP LTD                         | CHINA CITIC BANK CORP LTD H                                 | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |    617000 | NS      | $574556.69    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LG INNOTEK CO LTD                                 | LG INNOTEK CO LTD                                           | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |       487 | NS      | $54957.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE INC                                       | NETEASE INC                                                 | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     72200 | NS      | $1879959.24   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FAR EASTERN INTERNATIONAL BANK                    | FAR EASTERN INTL BANK                                       | CUSIP: N/A<br>LEI: 549300MGVLXK8G4X5Y29       | Long             | EC               | CORP              | TW        |   1627282 | NS      | $733292.33    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED LAB INT HLDGS LTD (THE)                    | UNITED LAB INT HLDGS                                        | CUSIP: N/A<br>LEI: 2549007JL3XIH77JXN70       | Long             | EC               | CORP              | KY        |   1208000 | NS      | $2274425.48   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI LIFE INSURANCE CO LTD                         | SBI LIFE INSURANCE CO LTD                                   | CUSIP: N/A<br>LEI: 335800WMVIESQUO95586       | Long             | EC               | CORP              | IN        |     26487 | NS      | $556567.54    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO DE INVERSIONES SURAMERICANA S A             | GRUPO DE INV SURAMERICANA SA                                | CUSIP: N/A<br>LEI: 549300AC1Q176TZL0305       | Long             | EC               | CORP              | CO        |     64477 | NS      | $715184.74    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TRENT LTD                                         | TRENT LTD                                                   | CUSIP: N/A<br>LEI: 335800IYA8EHI7MW7G59       | Long             | EC               | CORP              | IN        |      9950 | NS      | $569975.03    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MULTI COMMODITY EXCHANGE OF INDIA LTD             | MULTI CMDTY EX OF IND LTD                                   | CUSIP: N/A<br>LEI: 254900BTZEPM27IOAM68       | Long             | EC               | CORP              | IN        |      4798 | NS      | $421463.21    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ AUTO LTD                                    | BAJAJ AUTO LTD                                              | CUSIP: N/A<br>LEI: 335800DLAO5NCNN8G863       | Long             | EC               | CORP              | IN        |      5613 | NS      | $513122.66    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CHONGQING RURAL COMMERCIAL BANK CO LTD            | CHONGQING RUR COMM BANK LTD-H                               | CUSIP: N/A<br>LEI: 300300C1126750000027       | Long             | EC               | CORP              | CN        |    533000 | NS      | $423005.10    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MESAIEED PETROCHEMICAL HOLDING CO                 | MESAIEED PETROCHEMICAL HOLDING CO                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |   3465562 | NS      | $1289710.66   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| INFOSYS LTD                                       | INFOSYS LTD                                                 | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     76119 | NS      | $1311246.69   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVI'S LABORATORIES LTD                           | DIVIS LABORATORIES LTD                                      | CUSIP: N/A<br>LEI: 335800C1DHFG1C9T1M03       | Long             | EC               | CORP              | IN        |     32227 | NS      | $2426440.77   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COAL INDIA LTD                                    | COAL INDIA LTD                                              | CUSIP: N/A<br>LEI: 335800NLJQZNHM9LBB31       | Long             | EC               | CORP              | IN        |    389212 | NS      | $1672169.25   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BUPA AARABIA FOR COOPERATIVE INSURANCE COMPANY    | BUPA ARABIA                                                 | CUSIP: N/A<br>LEI: 558600B2WJHD5P31XS68       | Long             | EC               | CORP              | SA        |      9735 | NS      | $437557.25    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HLDGS LTD                        | GEELY AUTO HLDGS LTD                                        | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    176000 | NS      | $396392.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HERO MOTOCORP LTD                                 | HERO MOTOCORP LTD                                           | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |     11507 | NS      | $559686.92    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                    | ICICI BANK LTD (DEMAT)                                      | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    119187 | NS      | $2015595.22   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRO-MECHANICS CO                      | SAMSUNG ELECTRO-MECHANICS CO                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1316 | NS      | $141108.45    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HACI OMER SABANCI HOLDING AS                      | SABANCI HLDG SA(HACI OMER)                                  | CUSIP: N/A<br>LEI: 78900090FFOWNLGP0F20       | Long             | EC               | CORP              | TR        |    285349 | NS      | $670264.01    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA COMMUNICATIONS SERVICES CO LTD              | CHINA COMM SERV CORP LIMITED H                              | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |    634000 | NS      | $369900.64    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI STEEL CO                                  | HYUNDAI STEEL CO                                            | CUSIP: N/A<br>LEI: 9884006EYA94IB2C3132       | Long             | EC               | CORP              | KR        |     88302 | NS      | $2273133.40   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer