# EDGAR Filing Document

**Accession Number:** 0000831016
**File Stem:** 0000035402-26-003484
**Filing Date:** 2026-5
**Character Count:** 39286
**Document Hash:** d195f10214b7715cc9d1ac4ed43d4668
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-003484.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000035402-26-003484

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS FUND II
- **CENTRAL INDEX KEY:** 0000831016

**ORGANIZATION NAME:**
- **EIN:** 042708937
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05511
- **FILM NUMBER:** 261017629

**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

### International Capital Appreciation Portfolio (Series ID: S000039298)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000121082 | Initial Class   |  |
| C000121084 | Investor Class  |  |
| C000121085 | Service Class   |  |
| C000121087 | Service Class 2 |  |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Variable Insurance Products:**

**VIP International Capital Appreciation Portfolio**

**March 31, 2026**

VIPCAP-NPRT1-0526

1.814640.121 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 98.1%** | &nbsp;&nbsp;**Common Stocks - 98.1%** | &nbsp;&nbsp;**Common Stocks - 98.1%** |
|  | Shares | Value ($)<br>|
| AUSTRIA - 1.5%  |  |  |
| Financials - 1.5% |  |  |
| Banks - 1.5% |  |  |
| Erste Group Bank AG  | 115426 | 12468926 |
| BRAZIL - 1.8%  |  |  |
| Materials - 1.8% |  |  |
| Metals & Mining - 1.8% |  |  |
| Wheaton Precious Metals Corp  | 118582 | 15565433 |
| CANADA - 4.2%  |  |  |
| Financials - 0.8% |  |  |
| Capital Markets - 0.8% |  |  |
| Brookfield Asset Management Ltd Class A (United States)  | 147957 | 6576689 |
| Information Technology - 1.7% |  |  |
| Electronic Equipment, Instruments & Components - 1.7% |  |  |
| Celestica Inc (United States) (a) | 53252 | 15000023 |
| Materials - 1.7% |  |  |
| Metals & Mining - 1.7% |  |  |
| Franco-Nevada Corp  | 59767 | 14798895 |
| TOTAL CANADA |  | 36375607 |
| DENMARK - 1.7%  |  |  |
| Industrials - 1.7% |  |  |
| Air Freight & Logistics - 1.7% |  |  |
| DSV A/S  | 61215 | 14783928 |
| FRANCE - 3.2%  |  |  |
| Industrials - 3.2% |  |  |
| Aerospace & Defense - 1.7% |  |  |
| Safran SA  | 45665 | 14942927 |
| Electrical Equipment - 1.5% |  |  |
| Legrand SA  | 81908 | 12724786 |
| TOTAL FRANCE |  | 27667713 |
| GERMANY - 7.0%  |  |  |
| Financials - 1.7% |  |  |
| Insurance - 1.7% |  |  |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen  | 22567 | 14251993 |
| Industrials - 3.9% |  |  |
| Aerospace & Defense - 2.0% |  |  |
| Rheinmetall AG  | 9981 | 16835814 |
| Electrical Equipment - 1.9% |  |  |
| Siemens Energy AG  | 95593 | 16484972 |
| TOTAL INDUSTRIALS |  | 33320786 |
| Materials - 1.4% |  |  |
| Construction Materials - 1.4% |  |  |
| Heidelberg Materials AG  | 59186 | 12490405 |
| TOTAL GERMANY |  | 60063184 |
| INDIA - 4.0%  |  |  |
| Communication Services - 1.5% |  |  |
| Wireless Telecommunication Services - 1.5% |  |  |
| Bharti Airtel Ltd  | 649849 | 12534716 |
| Financials - 1.4% |  |  |
| Banks - 1.4% |  |  |
| ICICI Bank Ltd  | 895988 | 11674686 |
| Industrials - 1.1% |  |  |
| Transportation Infrastructure - 1.1% |  |  |
| Adani Ports & Special Economic Zone Ltd  | 726476 | 10314585 |
| TOTAL INDIA |  | 34523987 |
| ISRAEL - 5.5%  |  |  |
| Financials - 3.6% |  |  |
| Banks - 3.2% |  |  |
| Bank Hapoalim BM  | 591435 | 13791310 |
| Bank Leumi Le-Israel BM  | 606061 | 13451960 |
|  |  | 27243270 |
| Insurance - 0.4% |  |  |
| Phoenix Financial Ltd  | 76391 | 4032982 |
| TOTAL FINANCIALS |  | 31276252 |
| Information Technology - 1.9% |  |  |
| Electronic Equipment, Instruments & Components - 1.9% |  |  |
| Next Vision Stabilized Systems Ltd  | 168231 | 16318562 |
| TOTAL ISRAEL |  | 47594814 |
| ITALY - 3.5%  |  |  |
| Financials - 3.5% |  |  |
| Banks - 3.5% |  |  |
| Intesa Sanpaolo SpA  | 2520700 | 15244904 |
| UniCredit SpA  | 208552 | 14962314 |
| TOTAL ITALY |  | 30207218 |
| JAPAN - 14.5%  |  |  |
| Consumer Staples - 1.4% |  |  |
| Tobacco - 1.4% |  |  |
| Japan Tobacco Inc  | 314634 | 12070577 |
| Financials - 3.7% |  |  |
| Banks - 3.7% |  |  |
| Mitsubishi UFJ Financial Group Inc  | 948504 | 16061905 |
| Sumitomo Mitsui Financial Group Inc  | 481504 | 15832008 |
| TOTAL FINANCIALS |  | 31893913 |
| Industrials - 5.2% |  |  |
| Electrical Equipment - 1.1% |  |  |
| Fujikura Ltd  | 352682 | 9699472 |
| Industrial Conglomerates - 2.2% |  |  |
| Hitachi Ltd  | 641040 | 18805224 |
| Machinery - 1.9% |  |  |
| Kawasaki Heavy Industries Ltd  | 92100 | 1732138 |
| Mitsubishi Heavy Industries Ltd  | 516335 | 14187161 |
|  |  | 15919299 |
| TOTAL INDUSTRIALS |  | 44423995 |
| Information Technology - 4.2% |  |  |
| Semiconductors & Semiconductor Equipment - 4.2% |  |  |
| Advantest Corp  | 87676 | 12099873 |
| Disco Corp  | 31865 | 12987642 |
| Tokyo Electron Ltd  | 45300 | 11254828 |
| TOTAL INFORMATION TECHNOLOGY |  | 36342343 |
| TOTAL JAPAN |  | 124730828 |
| NETHERLANDS - 5.1%  |  |  |
| Information Technology - 5.1% |  |  |
| Semiconductors & Semiconductor Equipment - 5.1% |  |  |
| ASM International NV  | 22473 | 17033473 |
| ASML Holding NV  | 20282 | 26970125 |
| TOTAL NETHERLANDS |  | 44003598 |
| SPAIN - 4.1%  |  |  |
| Financials - 2.0% |  |  |
| Banks - 2.0% |  |  |
| Banco Santander SA  | 1563270 | 17525380 |
| Utilities - 2.1% |  |  |
| Electric Utilities - 2.1% |  |  |
| Iberdrola SA  | 767693 | 17575692 |
| TOTAL SPAIN |  | 35101072 |
| SWEDEN - 0.9%  |  |  |
| Industrials - 0.9% |  |  |
| Building Products - 0.9% |  |  |
| Assa Abloy AB B Shares  | 216120 | 7812282 |
| SWITZERLAND - 3.7%  |  |  |
| Financials - 3.7% |  |  |
| Capital Markets - 1.9% |  |  |
| UBS Group AG  | 412478 | 16083918 |
| Insurance - 1.8% |  |  |
| Zurich Insurance Group AG  | 21979 | 15535164 |
| TOTAL SWITZERLAND |  | 31619082 |
| TAIWAN - 6.4%  |  |  |
| Information Technology - 6.4% |  |  |
| Semiconductors & Semiconductor Equipment - 6.4% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd  | 945402 | 54755661 |
| UNITED ARAB EMIRATES - 1.1%  |  |  |
| Industrials - 1.1% |  |  |
| Transportation Infrastructure - 1.1% |  |  |
| Salik Co PJSC  | 6577528 | 9114316 |
| UNITED KINGDOM - 7.2%  |  |  |
| Consumer Staples - 1.9% |  |  |
| Tobacco - 1.9% |  |  |
| British American Tobacco PLC  | 277128 | 16089727 |
| Financials - 1.3% |  |  |
| Insurance - 1.3% |  |  |
| Aviva PLC  | 1413039 | 11340188 |
| Industrials - 4.0% |  |  |
| Aerospace & Defense - 4.0% |  |  |
| BAE Systems PLC  | 514746 | 15091584 |
| Rolls-Royce Holdings PLC  | 1256882 | 19095085 |
| TOTAL INDUSTRIALS |  | 34186669 |
| TOTAL UNITED KINGDOM |  | 61616584 |
| UNITED STATES - 22.7%  |  |  |
| Consumer Discretionary - 2.8% |  |  |
| Hotels, Restaurants & Leisure - 2.8% |  |  |
| Hilton Worldwide Holdings Inc  | 36356 | 11055132 |
| InterContinental Hotels Group PLC  | 99114 | 13070646 |
| TOTAL CONSUMER DISCRETIONARY |  | 24125778 |
| Financials - 5.4% |  |  |
| Capital Markets - 2.8% |  |  |
| Moody's Corp  | 26904 | 11736870 |
| S&P Global Inc  | 28152 | 11974172 |
|  |  | 23711042 |
| Financial Services - 2.6% |  |  |
| Mastercard Inc Class A  | 22521 | 11252843 |
| Visa Inc Class A  | 36873 | 11144495 |
|  |  | 22397338 |
| TOTAL FINANCIALS |  | 46108380 |
| Industrials - 9.9% |  |  |
| Aerospace & Defense - 2.5% |  |  |
| HEICO Corp  | 37308 | 10229854 |
| TransDigm Group Inc  | 9918 | 11494565 |
|  |  | 21724419 |
| Building Products - 1.2% |  |  |
| Trane Technologies PLC  | 24854 | 10357656 |
| Commercial Services & Supplies - 1.4% |  |  |
| Waste Connections Inc  | 73913 | 12009069 |
| Construction & Engineering - 1.4% |  |  |
| Ferrovial SE  | 182127 | 11848533 |
| Electrical Equipment - 3.4% |  |  |
| Eaton Corp PLC  | 28764 | 10288020 |
| Schneider Electric SE  | 68075 | 18542379 |
|  |  | 28830399 |
| TOTAL INDUSTRIALS |  | 84770076 |
| Information Technology - 3.2% |  |  |
| Software - 3.2% |  |  |
| Cadence Design Systems Inc (a) | 49695 | 13808750 |
| Synopsys Inc (a) | 33391 | 13238863 |
| TOTAL INFORMATION TECHNOLOGY |  | 27047613 |
| Materials - 1.4% |  |  |
| Construction Materials - 1.4% |  |  |
| Holcim AG  | 143034 | 11823470 |
| TOTAL UNITED STATES |  | 193875317 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $679,757,129) |  | <br> **841879550** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** | &nbsp;&nbsp;**Money Market Funds - 2.9%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (b)<br>(Cost $25,511,256)<br>| 3.69 | 25506155 | **25511256** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 101.0%**<br> (Cost $705,268,385)<br>| <br>**867390806** |
| **NET OTHER ASSETS (LIABILITIES) - (1.0)%**  | **(8941509)** |
| **NET ASSETS - 100.0%** | **858449297** |

---

**Legend**

(a) Non-income producing.

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

**Affiliated Central Funds**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 7742042 | 106100170 | 88330956 | 91029 | (398) | 398 | 25511256 | 25506155 | 0.0% |
| Fidelity Securities Lending Cash Central Fund | 167580 | 14127593 | 14295173 | 4340 | - | - | - | - | 0.0% |
| Total | 7909622 | 120227763 | 102626129 | 95369 | (398) | 398 | 25511256 |  |  |

---

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

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

**Investment Valuation**

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

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

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

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

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

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

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

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

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Variable Insurance Products Fund II

- **b. Investment Company Act file number:** 811-05511

- **c. CIK number of Registrant:** 0000831016

- **d. LEI of Registrant:** D8TUF5IXYLDDLCD6AV58

- **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:** VIP International Capital Appreciation Portfolio

- **b. EDGAR series identifier (if any):** S000039298

- **c. LEI of Series:** 9X7GSOP6RXNUAHN5WO09

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $867093082.85

**Total Liabilities:** $8885535.90

**Net Assets:** $858207546.95

**Cash Not Reported:** $79926.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121082 | 4.58%                | 0.86%                | -9.87%               |
| Class ID C000121084 | 4.59%                | 0.87%                | -9.89%               |
| Class ID C000121085 | 4.58%                | 0.83%                | -9.88%               |
| Class ID C000121087 | 4.57%                | 0.87%                | -9.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4700712.92             | $45627157.11                               |
| Month 2  | $4395927.25              | $4197762.20                                |
| Month 3  | $17705378.98             | $-115920743.22                             |

### Schedule of Portfolio Investments

| Name                                                      | Title                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANTEST CORP                                            | ADVANTEST CORP                     | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |     87676 | NS      | $12099872.84  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSA ABLOY AB                                             | ASSA ABLOY AB SER B                | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |    166620 | NS      | $6022961.65   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV                                           | ASML HOLDING NV                    | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     20282 | NS      | $26970124.51  | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM INTL NV                                               | ASM INTERNATIONAL NV (NETH)        | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     22473 | NS      | $17033473.30  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                           | BAE SYSTEMS PLC                    | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |    514746 | NS      | $15091583.91  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK HAPOALIM B M                                         | BANK HAPOALIM LTD (REG)            | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |    591435 | NS      | $13791309.42  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                                      | BANK LEUMI LE-ISRAEL BM            | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |    590661 | NS      | $13110145.72  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HAREL INSURANCE INVESTMENTS and FINANCIAL SERVICES LTD    | HAREL INSR INVST and FIN SR LTD    | CUSIP: N/A<br>LEI: 213800BDNN3W11SXXD60       | Long             | EC               | CORP              | IL        |      6200 | NS      | $343294.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX FINANCE LTD                                       | PHOENIX FINANCE LTD                | CUSIP: N/A<br>LEI: 254900IUA68QTCFYHE30       | Long             | EC               | CORP              | IL        |     65691 | NS      | $3468087.01   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                        | BANCO SANTANDER SA                 | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |   1563270 | NS      | $17525380.44  | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD                                         | BHARTI AIRTEL LIMITED              | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    649849 | NS      | $12534716.11  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIVA  PLC                                                | AVIVA PLC                          | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |   1413039 | NS      | $11340187.74  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                              | BRITISH AMERICAN TOBACCO PLC       | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    277128 | NS      | $16089727.16  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYSTEMS INC                                | CADENCE DESIGN SYSTEMS INC         | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     49695 | NS      | $13808749.65  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTICA INC                                             | CELESTICA INC                      | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     54652 | NS      | $15394375.36  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI PORTS and SPECIAL ECONOMIC ZONE LTD                 | ADANI PORT and SPEC ECO ZONE LTD   | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |    726476 | NS      | $10314584.64  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                                   | DSV A/S                            | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |     61215 | NS      | $14783928.39  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORP                                                | DISCO CORP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     32118 | NS      | $13090760.78  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ERSTE GROUP BANK AG (UNGTD)                               | ERSTE GROUP BANK AG                | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |    115426 | NS      | $12468926.45  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund         | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  25506155 | NS      | $25511256.22  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GROUP INC     | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |    485319 | NS      | $15957446.27  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANCO NEVADA CORP                                        | FRANCO-NEVADA CORP                 | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     59767 | NS      | $14798895.23  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIKURA LTD                                              | FUJIKURA LTD                       | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |    355200 | NS      | $9768722.17   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HEICO CORP NEW                                            | HEICO CORP                         | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     37308 | NS      | $10229853.60  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC                             | HILTON WORLDWIDE HOLDINGS INC      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     36356 | NS      | $11055132.48  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HITACHI LTD                                               | HITACHI LTD                        | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |    646838 | NS      | $18975310.21  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| HOLCIM AG                                                 | HOLCIM LTD                         | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |    143034 | NS      | $11823470.16  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| HEIDELBERG MATERIALS AG                                   | HEIDELBERG MATERIALS AG            | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     59186 | NS      | $12490405.94  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| IBERDROLA SA                                              | IBERDROLA SA                       | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    802193 | NS      | $18365540.32  | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW                     | INTERCONTINENTAL HOTELS GP PLC     | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |     99114 | NS      | $13070645.18  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                       | INTESA SANPAOLO SPA                | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |   2520700 | NS      | $15244903.50  | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LTD                                            | ICICI BANK LTD (DEMAT)             | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    895988 | NS      | $11674686.16  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| KAWASAKI HEAVY INDUSTRIES LTD                             | KAWASAKI HEAVY INDUSTRIES LTD      | CUSIP: N/A<br>LEI: 5493008FFSI8SQ74AT93       | Long             | EC               | CORP              | JP        |     47100 | NS      | $885816.48    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EATON CORP PLC                                            | EATON CORP PLC                     | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     28764 | NS      | $10288019.88  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA                                                | LEGRAND SA                         | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |     81908 | NS      | $12724786.43  | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                    | TRANE TECHNOLOGIES PLC             | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     24854 | NS      | $10357655.96  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                                            | MASTERCARD INC CL A                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     22521 | NS      | $11252842.86  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| S and P GLOBAL INC                                        | S and P GLOBAL INC                 | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     28152 | NS      | $11974171.68  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                        | MITSUBISHI UFJ FINL GRP INC        | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |    956020 | NS      | $16189180.45  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                           | MITSUBISHI HEAVY INDS LTD          | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |    520426 | NS      | $14299568.22  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| MOODYS CORP                                               | MOODYS CORP                        | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     26904 | NS      | $11736870.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN | MUNICH REINSURANCE (REG)           | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |     22567 | NS      | $14251992.62  | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| WASTE CONNECTION INC                                      | WASTE CONNECTIONS INC              | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     73913 | NS      | $12009069.27  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG                       | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    412478 | NS      | $16083917.75  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| RHEINMETALL                                               | RHEINMETALL AG ORD                 | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      9981 | NS      | $16835813.51  | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                  | ROLLS-ROYCE HOLDINGS PLC           | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |   1161882 | NS      | $17651804.80  | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFRAN SA                                                 | SAFRAN SA                          | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     41665 | NS      | $13634009.58  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELEC SA                                         | SCHNEIDER ELECTRIC SE              | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     68075 | NS      | $18542377.80  | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP                              | WHEATON PRECIOUS METALS CORP       | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    118582 | NS      | $15565432.54  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN TOBACCO INC                                         | JAPAN TOBACCO INC                  | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |    317127 | NS      | $12166218.43  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                              | SYNOPSYS INC                       | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     33391 | NS      | $13238863.68  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                                       | TRANSDIGM GROUP INC                | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9918 | NS      | $11494565.28  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYO ELECTRON LTD                                        | TOKYO ELECTRON LTD                 | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |     24100 | NS      | $5987667.95   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                             | UNICREDIT SPA                      | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |    208552 | NS      | $14962314.47  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| VISA INC                                                  | VISA INC CL A                      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     36873 | NS      | $11144495.52  | 1.30%             |  |  |  | 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        |    948412 | NS      | $54929993.36  | 6.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                                 | ZURICH INSURANCE GROUP AG          | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |     21979 | NS      | $15535164.64  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS ENERGY AG                                         | SIEMENS ENERGY AG                  | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    100293 | NS      | $17295485.18  | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXT VISION STABILIZED SYSTEMS LTD                        | NEXT VISION STABILIZED SYSTEMS LTD | CUSIP: N/A<br>LEI: 2549001OCAI48UYCZD40       | Long             | EC               | CORP              | IL        |    168231 | NS      | $16318562.16  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SALIK CO PJSC                                             | SALIK CO PJSC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   6577528 | NS      | $9114316.15   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD ASSET MANAGEMENT LTD                           | BROOKFIELD ASSET MANAGEMENT LTD A  | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |    170857 | NS      | $7594593.65   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FERROVIAL SE                                              | FERROVIAL SE                       | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |    182127 | NS      | $11848533.47  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer