Quarterly Holdings Report
for
Strategic Advisers® Small-Mid Cap Fund
Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general publicMay 31, 2021
SMC-QTLY-0721
1.912862.110
Schedule of Investments May 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 83.3% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 1.5% | |||
Diversified Telecommunication Services - 0.2% | |||
Bandwidth, Inc. (a) | 76,060 | $8,997,137 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 132,330 | 1,888,349 | |
Class C (a) | 224,400 | 3,226,872 | |
Lumen Technologies, Inc. | 463,300 | 6,412,072 | |
Vonage Holdings Corp. (a) | 294,432 | 4,057,273 | |
24,581,703 | |||
Entertainment - 0.1% | |||
Gaia, Inc. Class A (a) | 40,324 | 468,162 | |
IMAX Corp. (a) | 22,600 | 488,386 | |
Sciplay Corp. (A Shares) (a) | 7,499 | 129,358 | |
World Wrestling Entertainment, Inc. Class A | 143,042 | 7,987,465 | |
9,073,371 | |||
Interactive Media & Services - 0.5% | |||
Alphabet, Inc. Class C (a) | 2,741 | 6,610,086 | |
CarGurus, Inc. Class A (a) | 252,157 | 7,115,871 | |
Cars.com, Inc. (a) | 198,000 | 2,892,780 | |
Facebook, Inc. Class A (a) | 26,361 | 8,665,652 | |
IAC (a) | 37,718 | 6,014,889 | |
Match Group, Inc. (a) | 23,664 | 3,392,944 | |
QuinStreet, Inc. (a) | 333,930 | 6,047,472 | |
Vimeo, Inc. (a) | 34,398 | 1,444,716 | |
Yelp, Inc. (a) | 117,397 | 4,708,794 | |
46,893,204 | |||
Media - 0.7% | |||
AMC Networks, Inc. Class A (a) | 93,462 | 5,017,040 | |
Audacy, Inc. Class A (a) | 862,300 | 3,751,005 | |
Criteo SA sponsored ADR (a) | 186,342 | 6,939,376 | |
Gray Television, Inc. | 243,500 | 5,663,810 | |
iHeartMedia, Inc. (a) | 15,200 | 352,792 | |
Interpublic Group of Companies, Inc. | 24,400 | 822,036 | |
National CineMedia, Inc. | 20,104 | 97,303 | |
News Corp. Class A | 28,900 | 780,011 | |
Nexstar Broadcasting Group, Inc. Class A | 90,016 | 13,674,331 | |
Ocean Outdoor Ltd. (a)(b) | 1,223,674 | 9,789,392 | |
Sirius XM Holdings, Inc. (c) | 390,914 | 2,443,213 | |
TechTarget, Inc. (a) | 14,544 | 1,022,589 | |
Tegna, Inc. | 382,744 | 7,421,406 | |
ViacomCBS, Inc. Class B | 144,600 | 6,133,932 | |
63,908,236 | |||
TOTAL COMMUNICATION SERVICES | 144,456,514 | ||
CONSUMER DISCRETIONARY - 13.5% | |||
Auto Components - 1.1% | |||
BorgWarner, Inc. | 157,800 | 8,093,562 | |
Cooper Tire & Rubber Co. | 95,068 | 5,645,138 | |
Cooper-Standard Holding, Inc. (a) | 227,655 | 6,775,013 | |
Dana, Inc. | 413,469 | 11,217,414 | |
Dorman Products, Inc. (a) | 9,451 | 967,593 | |
Fox Factory Holding Corp. (a) | 39,382 | 6,123,113 | |
Gentex Corp. | 233,917 | 8,304,054 | |
LCI Industries | 112,521 | 16,771,255 | |
Lear Corp. | 103,306 | 19,975,248 | |
Magna International, Inc. Class A | 48,278 | 4,856,284 | |
Standard Motor Products, Inc. | 40,023 | 1,801,835 | |
The Goodyear Tire & Rubber Co. (a) | 810,900 | 16,080,147 | |
106,610,656 | |||
Automobiles - 0.3% | |||
Fisker, Inc. (a)(c) | 118,170 | 1,566,934 | |
Harley-Davidson, Inc. | 298,013 | 14,444,690 | |
Thor Industries, Inc. | 97,588 | 12,003,324 | |
28,014,948 | |||
Distributors - 1.2% | |||
LKQ Corp. (a) | 1,123,169 | 57,236,692 | |
Pool Corp. | 118,235 | 51,615,489 | |
108,852,181 | |||
Diversified Consumer Services - 1.3% | |||
Adtalem Global Education, Inc. (a) | 87,900 | 3,197,802 | |
American Public Education, Inc. (a) | 4,859 | 136,052 | |
Bright Horizons Family Solutions, Inc. (a) | 96,037 | 13,275,195 | |
Chegg, Inc. (a) | 141,979 | 10,919,605 | |
Frontdoor, Inc. (a) | 783,785 | 42,089,255 | |
Grand Canyon Education, Inc. (a) | 96,636 | 8,788,078 | |
H&R Block, Inc. | 538,211 | 13,358,397 | |
Houghton Mifflin Harcourt Co. (a) | 470,513 | 4,676,899 | |
Regis Corp. (a) | 280,862 | 2,567,079 | |
Service Corp. International | 78,350 | 4,154,117 | |
Strategic Education, Inc. | 39,004 | 2,763,043 | |
Stride, Inc. (a) | 317,903 | 8,545,233 | |
Terminix Global Holdings, Inc. (a) | 19,800 | 976,932 | |
WW International, Inc. (a) | 82,903 | 3,258,088 | |
118,705,775 | |||
Hotels, Restaurants & Leisure - 1.5% | |||
Brinker International, Inc. (a) | 45,040 | 2,767,708 | |
Caesars Entertainment, Inc. (a) | 9,100 | 977,795 | |
Churchill Downs, Inc. | 22,447 | 4,478,850 | |
Dine Brands Global, Inc. (a) | 90,510 | 8,593,925 | |
Extended Stay America, Inc. unit | 256,736 | 5,060,267 | |
Full House Resorts, Inc. (a) | 1,131,651 | 12,742,390 | |
Hilton Grand Vacations, Inc. (a) | 202,230 | 9,247,978 | |
International Game Technology PLC (a) | 137,950 | 3,346,667 | |
Kura Sushi U.S.A., Inc. Class A (a) | 94,303 | 4,053,143 | |
Marriott Vacations Worldwide Corp. (a) | 27,470 | 4,732,806 | |
Papa John's International, Inc. | 83,927 | 7,884,942 | |
Planet Fitness, Inc. (a) | 233,040 | 18,356,561 | |
Playa Hotels & Resorts NV (a) | 1,138,364 | 8,321,441 | |
Scientific Games Corp. Class A (a) | 139,820 | 10,142,543 | |
Travel+Leisure Co. | 108,934 | 7,097,050 | |
Vail Resorts, Inc. (a) | 76,333 | 24,951,731 | |
Wendy's Co. | 502,470 | 11,667,353 | |
Wingstop, Inc. | 9,755 | 1,391,843 | |
145,814,993 | |||
Household Durables - 1.5% | |||
Cavco Industries, Inc. (a) | 2,803 | 620,220 | |
Ethan Allen Interiors, Inc. | 7,151 | 206,449 | |
Helen of Troy Ltd. (a) | 13,430 | 2,826,746 | |
Hooker Furniture Corp. | 3,901 | 139,851 | |
Installed Building Products, Inc. | 81,862 | 9,708,833 | |
iRobot Corp. (a)(c) | 9,228 | 901,576 | |
KB Home | 190,179 | 8,902,279 | |
La-Z-Boy, Inc. | 138,242 | 5,699,718 | |
LGI Homes, Inc. (a) | 24,359 | 4,404,351 | |
M.D.C. Holdings, Inc. | 145,800 | 8,449,110 | |
Meritage Homes Corp. (a) | 25,772 | 2,774,871 | |
Mohawk Industries, Inc. (a) | 19,649 | 4,139,651 | |
NVR, Inc. (a) | 1,043 | 5,097,381 | |
PulteGroup, Inc. | 401,774 | 23,218,519 | |
Skyline Champion Corp. (a) | 171,370 | 8,679,891 | |
Sonos, Inc. (a) | 123,406 | 4,566,022 | |
Taylor Morrison Home Corp. (a) | 427,356 | 12,658,285 | |
Tempur Sealy International, Inc. | 438,251 | 16,872,664 | |
Toll Brothers, Inc. | 43,640 | 2,847,074 | |
TopBuild Corp. (a) | 39,773 | 7,877,043 | |
Whirlpool Corp. | 45,800 | 10,858,722 | |
141,449,256 | |||
Internet & Direct Marketing Retail - 0.8% | |||
Amazon.com, Inc. (a) | 3,338 | 10,758,608 | |
CarParts.com, Inc. (a) | 313,750 | 5,126,675 | |
Chewy, Inc. (a)(c) | 56,000 | 4,122,720 | |
Etsy, Inc. (a) | 103,366 | 17,027,481 | |
Overstock.com, Inc. (a) | 129,473 | 11,060,878 | |
PetMed Express, Inc. (c) | 6,651 | 192,214 | |
Porch Group, Inc. Class A (a) | 458,380 | 7,847,466 | |
Qurate Retail, Inc. Series A | 389,222 | 5,305,096 | |
Revolve Group, Inc. (a) | 8,447 | 468,302 | |
Shutterstock, Inc. | 108,232 | 9,822,054 | |
The Honest Co., Inc. | 25,580 | 403,652 | |
The Honest Co., Inc. | 13,488 | 191,557 | |
Waitr Holdings, Inc. (a)(c) | 2,400,133 | 4,872,270 | |
77,198,973 | |||
Leisure Products - 0.7% | |||
Brunswick Corp. | 316,280 | 32,333,304 | |
Callaway Golf Co. | 394,720 | 14,573,062 | |
Hasbro, Inc. | 24,538 | 2,354,912 | |
Malibu Boats, Inc. Class A (a) | 68,498 | 5,371,613 | |
Polaris, Inc. | 56,914 | 7,468,255 | |
Smith & Wesson Brands, Inc. | 18,366 | 390,461 | |
Sturm, Ruger & Co., Inc. | 5,740 | 453,116 | |
YETI Holdings, Inc. (a) | 24,605 | 2,155,398 | |
65,100,121 | |||
Multiline Retail - 0.1% | |||
Franchise Group, Inc. | 93,047 | 3,437,156 | |
Kohl's Corp. | 87,200 | 4,838,728 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 27,200 | 2,351,168 | |
10,627,052 | |||
Specialty Retail - 3.0% | |||
Academy Sports & Outdoors, Inc. | 265,239 | 9,689,181 | |
Advance Auto Parts, Inc. | 75,425 | 14,310,385 | |
America's Car Mart, Inc. (a) | 46,883 | 7,707,096 | |
AutoNation, Inc. (a) | 19,341 | 1,975,296 | |
Burlington Stores, Inc. (a) | 3,200 | 1,034,784 | |
Caleres, Inc. | 341,436 | 8,563,215 | |
Destination XL Group, Inc. (a)(c) | 1,614,380 | 5,650,330 | |
Five Below, Inc. (a) | 33,259 | 6,123,647 | |
Floor & Decor Holdings, Inc. Class A (a) | 71,320 | 7,011,469 | |
Foot Locker, Inc. | 478,014 | 30,253,506 | |
Gap, Inc. | 240,160 | 8,033,352 | |
Genesco, Inc. (a) | 93,588 | 5,147,340 | |
Group 1 Automotive, Inc. | 43,800 | 6,985,224 | |
Haverty Furniture Companies, Inc. | 109,779 | 5,043,247 | |
JOANN, Inc. | 135,214 | 1,910,574 | |
Leslie's, Inc. | 57,683 | 1,682,036 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 32,032 | 11,274,944 | |
Murphy U.S.A., Inc. | 56,691 | 7,642,514 | |
National Vision Holdings, Inc. (a) | 128,996 | 6,407,231 | |
Penske Automotive Group, Inc. | 90,200 | 7,720,218 | |
Rent-A-Center, Inc. | 85,654 | 5,294,274 | |
RH (a) | 4,198 | 2,691,128 | |
Sally Beauty Holdings, Inc. (a) | 2,372,258 | 51,738,947 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 111,800 | 5,392,114 | |
The Aaron's Co., Inc. | 106,600 | 3,834,402 | |
The Buckle, Inc. | 9,401 | 395,970 | |
The Children's Place Retail Stores, Inc. (a) | 45,826 | 4,261,360 | |
The Container Store Group, Inc. (a) | 413,796 | 5,611,074 | |
The ODP Corp. (a) | 99,500 | 4,352,130 | |
TravelCenters of America LLC (a) | 223,524 | 6,397,257 | |
Vroom, Inc. (c) | 661,505 | 29,245,136 | |
Williams-Sonoma, Inc. | 73,753 | 12,504,084 | |
Winmark Corp. | 982 | 192,295 | |
Zumiez, Inc. (a) | 88,430 | 3,875,003 | |
289,950,763 | |||
Textiles, Apparel & Luxury Goods - 2.0% | |||
Canada Goose Holdings, Inc. (a) | 189,369 | 7,637,252 | |
Capri Holdings Ltd. (a) | 212,515 | 12,051,726 | |
Carter's, Inc. | 232,961 | 23,817,933 | |
Columbia Sportswear Co. | 9,800 | 1,006,754 | |
Crocs, Inc. (a) | 77,081 | 7,803,680 | |
Deckers Outdoor Corp. (a) | 2,600 | 872,144 | |
Hanesbrands, Inc. | 1,377,364 | 26,913,693 | |
Kontoor Brands, Inc. | 165,610 | 10,602,352 | |
Lakeland Industries, Inc. (a) | 2,618 | 66,026 | |
Levi Strauss & Co. Class A | 37,000 | 990,120 | |
Ralph Lauren Corp. | 87,161 | 10,814,937 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 1,146,704 | 54,468,440 | |
Steven Madden Ltd. | 346,749 | 14,355,409 | |
Tapestry, Inc.(a) | 291,010 | 13,063,439 | |
Under Armour, Inc. Class C (non-vtg.) (a) | 357,357 | 6,811,224 | |
191,275,129 | |||
TOTAL CONSUMER DISCRETIONARY | 1,283,599,847 | ||
CONSUMER STAPLES - 3.4% | |||
Beverages - 0.2% | |||
Boston Beer Co., Inc. Class A (a) | 350 | 370,356 | |
Molson Coors Beverage Co. Class B (a) | 255,526 | 14,902,276 | |
National Beverage Corp. (c) | 7,649 | 381,915 | |
15,654,547 | |||
Food & Staples Retailing - 0.8% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 464,627 | 20,810,643 | |
Casey's General Stores, Inc. | 74,397 | 16,429,833 | |
Ingles Markets, Inc. Class A | 70,091 | 4,341,437 | |
Oatly Group AB ADR (a) | 109,797 | 2,603,287 | |
Performance Food Group Co. (a) | 358,251 | 17,959,123 | |
PriceSmart, Inc. | 7,647 | 675,230 | |
SpartanNash Co. | 128,500 | 2,694,645 | |
Sprouts Farmers Market LLC (a) | 124,700 | 3,317,020 | |
U.S. Foods Holding Corp. (a) | 23,400 | 911,196 | |
Weis Markets, Inc. | 59,683 | 3,036,671 | |
72,779,085 | |||
Food Products - 1.5% | |||
Beyond Meat, Inc. (a)(c) | 14,170 | 2,060,601 | |
Bunge Ltd. | 44,637 | 3,875,384 | |
Flowers Foods, Inc. | 64,665 | 1,557,780 | |
Fresh Del Monte Produce, Inc. | 187,300 | 6,268,931 | |
Freshpet, Inc. (a) | 74,148 | 13,110,849 | |
Hostess Brands, Inc. Class A (a) | 421,947 | 6,616,129 | |
Ingredion, Inc. | 108,006 | 10,253,010 | |
J&J Snack Foods Corp. | 4,926 | 864,907 | |
John B. Sanfilippo & Son, Inc. | 2,894 | 270,039 | |
Lamb Weston Holdings, Inc. | 171,796 | 14,171,452 | |
Lancaster Colony Corp. | 6,427 | 1,199,728 | |
Nomad Foods Ltd. (a) | 1,598,242 | 49,018,082 | |
Pilgrim's Pride Corp. (a) | 238,600 | 5,735,944 | |
SunOpta, Inc. (a) | 619,808 | 7,747,600 | |
The Hain Celestial Group, Inc. (a) | 224,598 | 9,154,614 | |
The J.M. Smucker Co. | 70,000 | 9,330,300 | |
Tootsie Roll Industries, Inc. | 5,849 | 183,015 | |
141,418,365 | |||
Household Products - 0.6% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 97,107 | 4,899,048 | |
Energizer Holdings, Inc. | 150,755 | 6,940,760 | |
Reynolds Consumer Products, Inc. | 353,340 | 10,649,668 | |
Spectrum Brands Holdings, Inc. | 369,881 | 32,878,722 | |
WD-40 Co. | 4,493 | 1,099,886 | |
56,468,084 | |||
Personal Products - 0.3% | |||
elf Beauty, Inc. (a) | 457,617 | 12,813,276 | |
Herbalife Nutrition Ltd. (a) | 38,200 | 2,008,174 | |
MediFast, Inc. | 40,187 | 13,352,131 | |
Nu Skin Enterprises, Inc. Class A | 16,783 | 1,009,665 | |
USANA Health Sciences, Inc. (a) | 3,934 | 415,981 | |
29,599,227 | |||
Tobacco - 0.0% | |||
Universal Corp. | 83,710 | 4,691,108 | |
Vector Group Ltd. | 41,741 | 573,939 | |
5,265,047 | |||
TOTAL CONSUMER STAPLES | 321,184,355 | ||
ENERGY - 2.1% | |||
Energy Equipment & Services - 0.3% | |||
Championx Corp. (a) | 425,118 | 11,265,627 | |
Dril-Quip, Inc. (a) | 162,323 | 5,442,690 | |
Halliburton Co. | 109,835 | 2,465,796 | |
Helmerich & Payne, Inc. | 169,653 | 4,792,697 | |
Nextier Oilfield Solutions, Inc. (a) | 376,341 | 1,599,449 | |
25,566,259 | |||
Oil, Gas & Consumable Fuels - 1.8% | |||
APA Corp. | 24,100 | 501,280 | |
ARC Resources Ltd. | 799,051 | 6,088,769 | |
Baytex Energy Corp. (a) | 3,859,159 | 5,898,725 | |
Cenovus Energy, Inc. | 455,538 | 3,703,524 | |
Cimarex Energy Co. | 126,758 | 8,587,855 | |
Delek U.S. Holdings, Inc. | 204,959 | 4,568,536 | |
Denbury, Inc. (a) | 49,904 | 3,344,566 | |
Devon Energy Corp. | 184,000 | 4,887,040 | |
Diamondback Energy, Inc. | 137,536 | 11,012,508 | |
Enerplus Corp. (c) | 499,309 | 3,270,474 | |
Enviva Partners LP | 313,507 | 15,330,492 | |
Green Plains, Inc. (a) | 457,387 | 14,586,071 | |
HollyFrontier Corp. | 648,158 | 21,045,690 | |
Kosmos Energy Ltd. (a) | 986,594 | 3,137,369 | |
Laredo Petroleum, Inc. (a) | 149,968 | 8,422,203 | |
Magnolia Oil & Gas Corp. Class A (a) | 39,100 | 505,172 | |
Matador Resources Co. | 128,000 | 3,921,920 | |
National Energy Services Reunited Corp. (a) | 160,141 | 2,054,609 | |
Northern Oil & Gas, Inc. | 339,482 | 6,181,967 | |
PBF Energy, Inc. Class A (a) | 36,119 | 582,961 | |
PDC Energy, Inc. | 80,629 | 3,404,156 | |
Range Resources Corp. (a) | 28,600 | 387,816 | |
Renewable Energy Group, Inc. (a) | 5,900 | 360,313 | |
Rex American Resources Corp. (a) | 37,140 | 3,566,554 | |
Scorpio Tankers, Inc. | 398,979 | 8,929,150 | |
Southwestern Energy Co. (a) | 601,500 | 3,109,755 | |
Talos Energy, Inc. (a) | 320,640 | 4,546,675 | |
Whitecap Resources, Inc. | 1,143,411 | 5,442,636 | |
World Fuel Services Corp. | 416,909 | 12,811,614 | |
170,190,400 | |||
TOTAL ENERGY | 195,756,659 | ||
FINANCIALS - 12.4% | |||
Banks - 4.4% | |||
Ameris Bancorp | 45,736 | 2,512,736 | |
Associated Banc-Corp. | 62,700 | 1,441,473 | |
Bank OZK | 336,017 | 14,351,286 | |
BankUnited, Inc. | 485,935 | 23,222,834 | |
Cathay General Bancorp | 102,900 | 4,288,872 | |
Citizens Financial Group, Inc. | 271,800 | 13,562,820 | |
Comerica, Inc. | 170,115 | 13,352,326 | |
Commerce Bancshares, Inc. | 110,194 | 8,581,909 | |
Cullen/Frost Bankers, Inc. | 80,165 | 9,676,717 | |
East West Bancorp, Inc. | 31,952 | 2,389,371 | |
Fifth Third Bancorp | 274,500 | 11,567,430 | |
First Citizens Bancshares, Inc. | 19,152 | 16,482,211 | |
First Financial Bankshares, Inc. | 42,924 | 2,161,223 | |
First Hawaiian, Inc. | 181,339 | 5,106,506 | |
First Horizon National Corp. | 1,400,559 | 26,708,660 | |
First Merchants Corp. | 71,893 | 3,331,522 | |
Fulton Financial Corp. | 239,600 | 4,152,268 | |
Hancock Whitney Corp. | 82,900 | 4,104,379 | |
Hanmi Financial Corp. | 108,800 | 2,282,624 | |
Hilltop Holdings, Inc. | 21,362 | 793,598 | |
Hope Bancorp, Inc. | 340,100 | 5,203,530 | |
Huntington Bancshares, Inc. | 588,241 | 9,329,502 | |
Investors Bancorp, Inc. | 276,122 | 4,108,695 | |
KeyCorp | 420,100 | 9,679,104 | |
Midland States Bancorp, Inc. | 94,321 | 2,627,783 | |
PacWest Bancorp | 289,978 | 13,098,306 | |
Peoples Bancorp, Inc. | 40,051 | 1,300,856 | |
Pinnacle Financial Partners, Inc. | 51,820 | 4,711,474 | |
Preferred Bank, Los Angeles | 42,597 | 2,908,949 | |
Regions Financial Corp. | 392,500 | 9,188,425 | |
ServisFirst Bancshares, Inc. | 205,720 | 14,289,311 | |
Signature Bank | 58,050 | 14,497,988 | |
South State Corp. | 32,950 | 2,926,290 | |
Sterling Bancorp | 419,408 | 11,173,029 | |
SVB Financial Group (a) | 35,944 | 20,951,398 | |
Synovus Financial Corp. | 379,678 | 18,649,783 | |
Texas Capital Bancshares, Inc. (a) | 167,379 | 11,529,066 | |
Umpqua Holdings Corp. | 835,601 | 15,943,267 | |
United Community Bank, Inc. | 130,200 | 4,502,316 | |
Valley National Bancorp | 322,822 | 4,622,811 | |
Webster Financial Corp. | 260,097 | 14,742,298 | |
Western Alliance Bancorp. | 249,841 | 24,986,598 | |
Wintrust Financial Corp. | 167,280 | 13,452,658 | |
Zions Bancorp NA | 338,165 | 19,572,990 | |
424,067,192 | |||
Capital Markets - 2.5% | |||
Ares Management Corp. | 103,970 | 5,737,065 | |
Artisan Partners Asset Management, Inc. | 118,287 | 6,042,100 | |
B. Riley Financial, Inc. | 153,470 | 11,301,531 | |
Cohen & Steers, Inc. | 7,682 | 561,785 | |
Diamond Hill Investment Group, Inc. | 944 | 165,587 | |
Donnelley Financial Solutions, Inc. (a) | 81,570 | 2,431,602 | |
Evercore, Inc. Class A | 78,881 | 11,505,583 | |
FactSet Research Systems, Inc. | 54,828 | 18,332,290 | |
Federated Hermes, Inc. Class B (non-vtg.) | 31,045 | 987,231 | |
Focus Financial Partners, Inc. Class A (a) | 361,739 | 18,336,550 | |
FS KKR Capital Corp. | 107,750 | 2,367,268 | |
FS KKR Capital Corp. II | 56,943 | 1,206,622 | |
Hamilton Lane, Inc. Class A | 10,221 | 923,672 | |
Houlihan Lokey | 16,936 | 1,268,337 | |
Lazard Ltd. Class A | 390,970 | 18,445,965 | |
LPL Financial | 314,072 | 46,444,967 | |
Moelis & Co. Class A | 300,612 | 16,139,858 | |
Morningstar, Inc. | 48,737 | 11,501,445 | |
Newtek Business Services Corp. (c) | 120,383 | 4,245,908 | |
Oaktree Specialty Lending Corp. | 926,370 | 6,243,734 | |
PJT Partners, Inc. | 7,808 | 568,579 | |
Prospect Capital Corp. (c) | 499,800 | 4,243,302 | |
SEI Investments Co. | 39,419 | 2,500,741 | |
StepStone Group, Inc. Class A | 240,351 | 7,619,127 | |
Stifel Financial Corp. | 171,210 | 11,861,429 | |
Victory Capital Holdings, Inc. | 598,703 | 17,973,064 | |
WisdomTree Investments, Inc. | 1,604,735 | 10,751,725 | |
239,707,067 | |||
Consumer Finance - 1.1% | |||
Ally Financial, Inc. | 200,915 | 10,992,060 | |
Encore Capital Group, Inc. (a) | 85,530 | 3,959,184 | |
Enova International, Inc. (a) | 232,764 | 8,814,773 | |
First Cash Financial Services, Inc. | 7,000 | 558,040 | |
Navient Corp. | 1,111,144 | 20,300,601 | |
OneMain Holdings, Inc. | 230,454 | 13,329,459 | |
PRA Group, Inc. (a) | 76,356 | 2,972,539 | |
PROG Holdings, Inc. | 174,329 | 9,190,625 | |
Regional Management Corp. | 95,000 | 4,440,300 | |
SLM Corp. | 825,401 | 16,714,370 | |
Synchrony Financial | 214,664 | 10,177,220 | |
101,449,171 | |||
Diversified Financial Services - 0.7% | |||
A-Mark Precious Metals, Inc. | 1,535 | 81,846 | |
Banco Latinoamericano de Comercio Exterior SA Series E | 75,700 | 1,155,939 | |
Cannae Holdings, Inc. (a) | 257,110 | 9,217,394 | |
ECN Capital Corp. | 832,783 | 5,877,666 | |
Foley Trasimene Acquisition Corp. Class A (a)(c) | 894,459 | 9,302,374 | |
Jaws Acquisition Corp. (a)(c) | 1,924,619 | 27,926,222 | |
Voya Financial, Inc. | 238,890 | 15,652,073 | |
69,213,514 | |||
Insurance - 2.8% | |||
Alleghany Corp. (a) | 7,960 | 5,703,897 | |
American Equity Investment Life Holding Co. | 168,717 | 5,145,869 | |
American Financial Group, Inc. | 158,391 | 21,075,506 | |
Amerisafe, Inc. | 6,342 | 415,591 | |
Assurant, Inc. | 32,448 | 5,228,995 | |
Assured Guaranty Ltd. | 259,616 | 12,365,510 | |
Axis Capital Holdings Ltd. | 189,650 | 10,172,826 | |
BRP Group, Inc. (a) | 17,900 | 439,982 | |
CNA Financial Corp. | 243,359 | 11,634,994 | |
CNO Financial Group, Inc. | 339,200 | 9,009,152 | |
Crawford & Co. Class B | 124,426 | 1,162,139 | |
Employers Holdings, Inc. | 64,050 | 2,702,910 | |
Enstar Group Ltd. (a) | 4,334 | 1,100,359 | |
Erie Indemnity Co. Class A | 8,195 | 1,648,260 | |
Everest Re Group Ltd. | 71,969 | 18,709,061 | |
Fidelity National Financial, Inc. | 161,931 | 7,609,138 | |
First American Financial Corp. | 174,220 | 11,204,088 | |
Genworth Financial, Inc. Class A (a) | 734,306 | 3,084,085 | |
Globe Life, Inc. | 28,407 | 2,994,666 | |
GoHealth, Inc. (a) | 259,674 | 2,952,493 | |
Goosehead Insurance | 90,514 | 8,134,493 | |
Hanover Insurance Group, Inc. | 105,575 | 14,726,657 | |
Heritage Insurance Holdings, Inc. | 127,900 | 1,065,407 | |
Kinsale Capital Group, Inc. | 120,129 | 19,996,673 | |
Lincoln National Corp. | 138,400 | 9,658,936 | |
Old Republic International Corp. | 367,800 | 9,658,428 | |
Primerica, Inc. | 12,912 | 2,094,456 | |
ProAssurance Corp. | 189,758 | 4,620,607 | |
Reinsurance Group of America, Inc. | 59,836 | 7,541,131 | |
RenaissanceRe Holdings Ltd. | 22,220 | 3,424,546 | |
RLI Corp. | 127,368 | 13,434,777 | |
Selective Insurance Group, Inc. | 72,408 | 5,450,150 | |
Stewart Information Services Corp. | 90,087 | 5,436,750 | |
Trean Insurance Group, Inc. (a) | 3,524 | 59,203 | |
Universal Insurance Holdings, Inc. | 101,536 | 1,431,658 | |
Unum Group | 241,300 | 7,473,061 | |
White Mountains Insurance Group Ltd. | 12,453 | 14,860,912 | |
263,427,366 | |||
Mortgage Real Estate Investment Trusts - 0.3% | |||
AGNC Investment Corp. | 211,384 | 3,919,059 | |
Annaly Capital Management, Inc. | 512,600 | 4,751,802 | |
Ares Commercial Real Estate Corp. | 106,624 | 1,617,486 | |
Blackstone Mortgage Trust, Inc. | 83,373 | 2,670,437 | |
Chimera Investment Corp. | 176,100 | 2,488,293 | |
MFA Financial, Inc. | 419,200 | 1,831,904 | |
New Residential Investment Corp. | 11,648 | 123,236 | |
Redwood Trust, Inc. | 219,495 | 2,442,979 | |
Starwood Property Trust, Inc. | 195,965 | 4,975,551 | |
24,820,747 | |||
Thrifts & Mortgage Finance - 0.6% | |||
Axos Financial, Inc. (a) | 162,928 | 7,724,416 | |
Essent Group Ltd. | 215,079 | 10,289,379 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 69,474 | 7,048,832 | |
HomeStreet, Inc. | 66,800 | 3,007,336 | |
MGIC Investment Corp. | 735,329 | 10,824,043 | |
Mr. Cooper Group, Inc. (a) | 117,811 | 4,075,082 | |
NMI Holdings, Inc. (a) | 110,703 | 2,677,906 | |
Pennymac Financial Services, Inc. | 78,621 | 4,922,461 | |
Radian Group, Inc. | 196,700 | 4,592,945 | |
Walker & Dunlop, Inc. | 64,142 | 6,512,979 | |
61,675,379 | |||
TOTAL FINANCIALS | 1,184,360,436 | ||
HEALTH CARE - 10.1% | |||
Biotechnology - 2.1% | |||
ACADIA Pharmaceuticals, Inc. (a) | 146,623 | 3,275,558 | |
ADC Therapeutics SA (a) | 82,896 | 1,794,698 | |
Agios Pharmaceuticals, Inc. (a) | 128,714 | 7,179,667 | |
Albireo Pharma, Inc. (a) | 58,409 | 1,953,781 | |
Allakos, Inc. (a) | 40,691 | 4,127,695 | |
Allogene Therapeutics, Inc. (a) | 70,710 | 1,817,247 | |
Anika Therapeutics, Inc. (a) | 14,439 | 673,579 | |
Applied Genetic Technologies Corp. (a)(c) | 885,953 | 3,552,672 | |
Arena Pharmaceuticals, Inc. (a) | 55,110 | 3,367,772 | |
Arrowhead Pharmaceuticals, Inc. (a) | 47,310 | 3,434,706 | |
Ascendis Pharma A/S sponsored ADR (a) | 41,120 | 5,525,706 | |
Avid Bioservices, Inc. (a) | 262,829 | 5,593,001 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 96,576 | 8,402,112 | |
BioMarin Pharmaceutical, Inc. (a) | 48,544 | 3,752,451 | |
Blueprint Medicines Corp. (a) | 43,372 | 3,962,032 | |
CareDx, Inc. (a) | 45,805 | 3,682,722 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 659,800 | 3,648,694 | |
Coherus BioSciences, Inc. (a) | 107,230 | 1,411,147 | |
Deciphera Pharmaceuticals, Inc. (a) | 130,985 | 4,419,434 | |
Dyadic International, Inc. (a)(c) | 360,816 | 1,360,276 | |
Emergent BioSolutions, Inc. (a) | 88,165 | 5,347,207 | |
Exact Sciences Corp. (a) | 38,357 | 4,239,599 | |
Fate Therapeutics, Inc. (a) | 73,276 | 5,612,942 | |
Forte Biosciences, Inc. (a) | 80,953 | 2,877,070 | |
Global Blood Therapeutics, Inc. (a) | 75,921 | 2,917,644 | |
Halozyme Therapeutics, Inc. (a) | 137,960 | 5,712,924 | |
Heron Therapeutics, Inc. (a) | 545,765 | 7,242,302 | |
ImmunoGen, Inc. (a) | 103,600 | 640,248 | |
Insmed, Inc. (a) | 66,238 | 1,629,455 | |
Instil Bio, Inc. (a)(c) | 107,899 | 1,920,602 | |
Intellia Therapeutics, Inc. (a) | 39,140 | 2,933,152 | |
Iovance Biotherapeutics, Inc. (a) | 150,233 | 2,789,827 | |
Karyopharm Therapeutics, Inc. (a)(c) | 139,022 | 1,290,124 | |
Kodiak Sciences, Inc. (a) | 105,141 | 8,791,890 | |
Legend Biotech Corp. ADR | 53,467 | 2,104,996 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 57,890 | 6,813,653 | |
Natera, Inc. (a) | 6,600 | 621,324 | |
Neurocrine Biosciences, Inc. (a) | 133,950 | 12,888,669 | |
Precision BioSciences, Inc. (a) | 114,053 | 1,200,978 | |
PTC Therapeutics, Inc. (a) | 14,400 | 565,488 | |
Puma Biotechnology, Inc. (a) | 45,458 | 479,582 | |
Recro Pharma, Inc. (a) | 1,411,917 | 3,233,290 | |
Repligen Corp. (a) | 40,165 | 7,334,531 | |
Sage Therapeutics, Inc. (a) | 20,670 | 1,438,632 | |
Springworks Therapeutics, Inc. (a) | 72,480 | 5,910,019 | |
Turning Point Therapeutics, Inc. (a) | 39,370 | 2,605,507 | |
Twist Bioscience Corp. (a) | 28,430 | 3,050,823 | |
Ultragenyx Pharmaceutical, Inc. (a) | 24,658 | 2,507,965 | |
United Therapeutics Corp. (a) | 46,200 | 8,588,580 | |
Veracyte, Inc. (a) | 244,386 | 9,543,273 | |
Viking Therapeutics, Inc. (a)(c) | 725,099 | 3,799,519 | |
Vir Biotechnology, Inc. (a) | 49,746 | 2,084,855 | |
201,651,620 | |||
Health Care Equipment & Supplies - 2.7% | |||
Abiomed, Inc. (a) | 18,837 | 5,360,633 | |
Atricure, Inc. (a) | 76,710 | 5,732,538 | |
Atrion Corp. | 462 | 286,902 | |
AxoGen, Inc. (a) | 826,428 | 16,776,488 | |
Axonics Modulation Technologies, Inc. (a) | 15,500 | 894,195 | |
Envista Holdings Corp. (a) | 300,343 | 13,106,969 | |
Globus Medical, Inc. (a) | 25,048 | 1,804,959 | |
Haemonetics Corp. (a) | 16,659 | 940,567 | |
Hill-Rom Holdings, Inc. | 36,500 | 4,061,720 | |
Hologic, Inc. (a) | 182,778 | 11,525,981 | |
ICU Medical, Inc. (a) | 44,990 | 9,360,619 | |
Inari Medical, Inc. | 62,123 | 5,401,595 | |
Insulet Corp. (a) | 17,275 | 4,658,549 | |
Integra LifeSciences Holdings Corp. (a) | 86,521 | 5,974,275 | |
Masimo Corp. (a) | 15,632 | 3,370,259 | |
Merit Medical Systems, Inc. (a) | 469,106 | 28,305,856 | |
Neogen Corp. (a) | 17,428 | 1,608,779 | |
Nevro Corp. (a) | 36,869 | 5,556,158 | |
Novocure Ltd. (a) | 28,250 | 5,763,000 | |
Ortho Clinical Diagnostics Holdings PLC | 676,350 | 13,898,993 | |
Quidel Corp. (a) | 81,293 | 9,601,516 | |
Semler Scientific, Inc. (a) | 39,024 | 4,292,640 | |
Silk Road Medical, Inc. (a) | 66,143 | 3,213,227 | |
SmileDirectClub, Inc. (a)(c) | 17,480 | 143,511 | |
STERIS PLC | 232,707 | 44,414,458 | |
Surgalign Holdings, Inc. (a) | 3,110,106 | 6,095,808 | |
Talis Biomedical Corp. (c) | 310,592 | 3,025,166 | |
Tandem Diabetes Care, Inc. (a) | 37,520 | 3,203,833 | |
Teleflex, Inc. | 27,968 | 11,248,450 | |
The Cooper Companies, Inc. | 13,186 | 5,188,032 | |
ViewRay, Inc. (a) | 144,000 | 846,720 | |
West Pharmaceutical Services, Inc. | 74,681 | 25,952,394 | |
261,614,790 | |||
Health Care Providers & Services - 2.5% | |||
Alignment Healthcare, Inc. (a) | 83,411 | 2,104,460 | |
Amedisys, Inc. (a) | 24,840 | 6,417,911 | |
AMN Healthcare Services, Inc. (a) | 148,205 | 13,145,784 | |
Castle Biosciences, Inc. (a) | 80,835 | 4,844,442 | |
Chemed Corp. | 29,713 | 14,599,185 | |
Corvel Corp. (a) | 2,995 | 373,177 | |
DaVita HealthCare Partners, Inc. (a) | 98,780 | 11,860,515 | |
dentalcorp Holdings Ltd. (a) | 1,043,268 | 12,098,990 | |
Encompass Health Corp. | 234,318 | 20,102,141 | |
Five Star Senior Living, Inc. (a) | 351,817 | 2,114,420 | |
Guardant Health, Inc. (a) | 39,939 | 4,957,229 | |
HealthEquity, Inc. (a) | 236,824 | 19,684,811 | |
Henry Schein, Inc. (a) | 184,469 | 14,027,023 | |
LHC Group, Inc. (a) | 23,100 | 4,547,235 | |
MEDNAX, Inc. (a) | 774,123 | 24,756,454 | |
Modivcare, Inc. (a) | 4,048 | 595,987 | |
Molina Healthcare, Inc. (a) | 110,884 | 27,871,802 | |
National Healthcare Corp. | 4,031 | 295,110 | |
National Research Corp. Class A | 4,400 | 210,452 | |
Owens & Minor, Inc. | 48,800 | 2,181,848 | |
Premier, Inc. | 463,752 | 15,303,816 | |
Progyny, Inc. (a) | 16,800 | 1,075,872 | |
Quest Diagnostics, Inc. | 37,500 | 4,937,625 | |
R1 RCM, Inc. (a) | 116,112 | 2,687,993 | |
Select Medical Holdings Corp. | 254,300 | 10,189,801 | |
U.S. Physical Therapy, Inc. | 4,216 | 490,574 | |
Universal Health Services, Inc. Class B | 97,324 | 15,535,830 | |
237,010,487 | |||
Health Care Technology - 0.4% | |||
Certara, Inc. | 222,212 | 5,846,398 | |
Change Healthcare, Inc. (a) | 97,310 | 2,280,946 | |
iCAD, Inc. (a) | 360,297 | 5,926,886 | |
Inovalon Holdings, Inc. Class A (a) | 314,797 | 9,872,034 | |
Omnicell, Inc. (a) | 100,227 | 13,931,553 | |
Phreesia, Inc. (a) | 15,000 | 742,500 | |
38,600,317 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 35,489 | 6,388,020 | |
Avantor, Inc. (a) | 260,857 | 8,386,553 | |
Berkeley Lights, Inc. (a) | 70,933 | 3,085,586 | |
Bio-Rad Laboratories, Inc. Class A (a) | 5,227 | 3,148,588 | |
Bruker Corp. | 47,198 | 3,277,429 | |
Charles River Laboratories International, Inc. (a) | 14,650 | 4,951,554 | |
Harvard Bioscience, Inc. (a) | 1,079,497 | 7,556,479 | |
ICON PLC (a) | 55,271 | 12,367,439 | |
Inotiv, Inc. (a) | 229,534 | 5,710,806 | |
Medpace Holdings, Inc. (a) | 24,098 | 4,025,812 | |
PPD, Inc. (a) | 182,233 | 8,404,586 | |
PRA Health Sciences, Inc. (a) | 7,200 | 1,230,624 | |
Sotera Health Co. | 863,444 | 20,809,000 | |
Syneos Health, Inc. (a) | 481,424 | 42,317,170 | |
131,659,646 | |||
Pharmaceuticals - 1.0% | |||
Aerie Pharmaceuticals, Inc. (a) | 146,429 | 2,385,328 | |
Arvinas Holding Co. LLC (a) | 49,480 | 3,599,175 | |
Catalent, Inc. (a) | 144,054 | 15,101,181 | |
Horizon Therapeutics PLC (a) | 96,990 | 8,890,103 | |
Innoviva, Inc. (a) | 267,362 | 3,596,019 | |
Jazz Pharmaceuticals PLC (a) | 125,539 | 22,362,262 | |
Lannett Co., Inc. (a) | 177,600 | 763,680 | |
Nektar Therapeutics (a) | 107,906 | 1,949,861 | |
Ocular Therapeutix, Inc. (a) | 230,320 | 3,353,459 | |
Pacira Biosciences, Inc. (a) | 44,790 | 2,717,409 | |
Prestige Brands Holdings, Inc. (a) | 77,789 | 3,879,337 | |
Reata Pharmaceuticals, Inc. (a) | 31,300 | 4,279,962 | |
Revance Therapeutics, Inc. (a) | 478,655 | 14,172,975 | |
Royalty Pharma PLC | 125,800 | 5,047,096 | |
Supernus Pharmaceuticals, Inc. (a) | 126,732 | 3,782,950 | |
Zogenix, Inc. (a) | 70,446 | 1,236,327 | |
97,117,124 | |||
TOTAL HEALTH CARE | 967,653,984 | ||
INDUSTRIALS - 17.0% | |||
Aerospace & Defense - 0.8% | |||
AAR Corp. (a) | 57,497 | 2,400,500 | |
Axon Enterprise, Inc. (a) | 69,288 | 9,741,200 | |
BWX Technologies, Inc. | 84,330 | 5,273,998 | |
Curtiss-Wright Corp. | 53,245 | 6,672,663 | |
HEICO Corp. Class A | 8,700 | 1,152,402 | |
Howmet Aerospace, Inc. (a) | 106,806 | 3,789,477 | |
Huntington Ingalls Industries, Inc. | 95,820 | 20,717,242 | |
Moog, Inc. Class A | 52,400 | 4,726,480 | |
Spirit AeroSystems Holdings, Inc. Class A | 216,890 | 10,673,157 | |
Textron, Inc. | 107,037 | 7,328,823 | |
72,475,942 | |||
Air Freight & Logistics - 0.8% | |||
Air Transport Services Group, Inc. (a) | 363,465 | 9,028,471 | |
Atlas Air Worldwide Holdings, Inc. (a) | 91,000 | 6,818,630 | |
C.H. Robinson Worldwide, Inc. | 219,506 | 21,296,472 | |
Forward Air Corp. | 122,146 | 11,834,726 | |
Hub Group, Inc. Class A (a) | 37,043 | 2,585,972 | |
XPO Logistics, Inc. (a) | 205,424 | 30,182,948 | |
81,747,219 | |||
Airlines - 0.4% | |||
Alaska Air Group, Inc. (a) | 295,391 | 20,441,057 | |
JetBlue Airways Corp. (a) | 289,900 | 5,826,990 | |
SkyWest, Inc. (a) | 246,189 | 12,070,647 | |
38,338,694 | |||
Building Products - 1.4% | |||
A.O. Smith Corp. | 44,492 | 3,162,046 | |
AAON, Inc. | 13,407 | 888,214 | |
Advanced Drain Systems, Inc. | 54,370 | 6,166,645 | |
Apogee Enterprises, Inc. | 76,492 | 2,907,461 | |
Armstrong World Industries, Inc. | 134,465 | 14,300,353 | |
Builders FirstSource, Inc. (a) | 162,840 | 7,252,894 | |
Caesarstone Sdot-Yam Ltd. | 272,094 | 4,489,551 | |
CSW Industrials, Inc. | 2,315 | 282,013 | |
Fortune Brands Home & Security, Inc. | 154,275 | 15,915,009 | |
Lennox International, Inc. | 46,477 | 16,263,697 | |
Masonite International Corp. (a) | 178,349 | 21,321,623 | |
Owens Corning | 123,526 | 13,174,048 | |
PGT Innovations, Inc. (a) | 164,788 | 3,981,278 | |
Simpson Manufacturing Co. Ltd. | 14,267 | 1,602,469 | |
Tecnoglass, Inc. | 356,149 | 7,831,717 | |
Trex Co., Inc. (a) | 105,912 | 10,316,888 | |
129,855,906 | |||
Commercial Services & Supplies - 3.1% | |||
ABM Industries, Inc. | 492,061 | 24,548,923 | |
ACCO Brands Corp. | 433,772 | 3,951,663 | |
ADT, Inc. | 803,420 | 8,307,363 | |
Charah Solutions, Inc. (a)(c) | 1,275,976 | 7,949,330 | |
Cimpress PLC (a) | 106,725 | 10,598,860 | |
Clean Harbors, Inc. (a) | 172,894 | 16,096,431 | |
Copart, Inc. (a) | 42,041 | 5,423,709 | |
CoreCivic, Inc. (a) | 499,631 | 3,912,111 | |
Covanta Holding Corp. | 135,794 | 2,011,109 | |
Deluxe Corp. | 73,600 | 3,353,216 | |
Driven Brands Holdings, Inc. | 733,816 | 21,735,630 | |
Harsco Corp. (a) | 486,112 | 10,898,631 | |
Healthcare Services Group, Inc. | 239,670 | 7,187,703 | |
Herman Miller, Inc. | 403,619 | 19,292,988 | |
HNI Corp. | 14,013 | 639,273 | |
IAA Spinco, Inc. (a) | 365,743 | 20,836,379 | |
KAR Auction Services, Inc. (a) | 640,899 | 11,497,728 | |
Marlowe PLC (a) | 1,582,045 | 17,691,854 | |
MSA Safety, Inc. | 102,670 | 17,254,720 | |
Ritchie Bros. Auctioneers, Inc. | 394,725 | 23,569,030 | |
Rollins, Inc. | 72,677 | 2,477,559 | |
Steelcase, Inc. Class A | 31,811 | 460,305 | |
Stericycle, Inc. (a) | 145,279 | 11,413,118 | |
The Brink's Co. | 231,919 | 17,489,012 | |
U.S. Ecology, Inc. (a) | 40,888 | 1,620,391 | |
UniFirst Corp. | 32,418 | 7,186,422 | |
Viad Corp. (a) | 55,079 | 2,431,187 | |
Waste Connection, Inc. (United States) | 174,184 | 21,152,905 | |
300,987,550 | |||
Construction & Engineering - 0.6% | |||
AECOM (a) | 220,704 | 14,347,967 | |
Argan, Inc. | 86,151 | 4,230,014 | |
Comfort Systems U.S.A., Inc. | 63,231 | 5,241,850 | |
EMCOR Group, Inc. | 40,631 | 5,123,975 | |
Latham Group, Inc. (a)(c) | 126,514 | 3,929,525 | |
MasTec, Inc. (a) | 109,027 | 12,683,111 | |
MYR Group, Inc. (a) | 5,488 | 477,676 | |
Willscot Mobile Mini Holdings (a) | 570,203 | 16,535,887 | |
62,570,005 | |||
Electrical Equipment - 1.7% | |||
Acuity Brands, Inc. | 51,642 | 9,592,502 | |
AMETEK, Inc. | 44,552 | 6,018,975 | |
Atkore, Inc. (a) | 185,648 | 14,332,026 | |
Babcock & Wilcox Enterprises, Inc. (a) | 1,497,314 | 12,906,847 | |
EnerSys | 30,697 | 2,892,885 | |
Generac Holdings, Inc. (a) | 137,920 | 45,337,062 | |
GrafTech International Ltd. | 635,641 | 8,441,312 | |
Hubbell, Inc. Class B | 17,818 | 3,396,824 | |
nVent Electric PLC | 55,890 | 1,818,661 | |
Plug Power, Inc. (a) | 23,755 | 729,279 | |
Regal Beloit Corp. | 85,010 | 12,090,972 | |
Sensata Technologies, Inc. PLC (a) | 591,186 | 35,134,184 | |
Shoals Technologies Group, Inc. | 114,109 | 3,149,408 | |
Vertiv Holdings Co. | 209,950 | 5,210,959 | |
161,051,896 | |||
Industrial Conglomerates - 0.0% | |||
Carlisle Companies, Inc. | 11,869 | 2,282,646 | |
Machinery - 3.8% | |||
AGCO Corp. | 79,400 | 10,986,578 | |
Allison Transmission Holdings, Inc. | 262,827 | 11,120,210 | |
Altra Industrial Motion Corp. | 40,415 | 2,654,861 | |
Barnes Group, Inc. | 15,326 | 818,715 | |
Chart Industries, Inc. (a) | 6,600 | 963,204 | |
Colfax Corp. (a) | 59,700 | 2,638,740 | |
Commercial Vehicle Group, Inc. (a) | 302,201 | 3,484,378 | |
Crane Co. | 145,111 | 13,856,649 | |
Donaldson Co., Inc. | 41,469 | 2,554,076 | |
Douglas Dynamics, Inc. | 122,364 | 5,365,661 | |
Energy Recovery, Inc. (a) | 209,971 | 3,991,549 | |
Evoqua Water Technologies Corp. (a) | 191,770 | 5,967,882 | |
Flowserve Corp. | 27,500 | 1,165,725 | |
Franklin Electric Co., Inc. | 12,611 | 1,057,937 | |
Gorman-Rupp Co. | 6,166 | 221,853 | |
Graco, Inc. | 55,033 | 4,167,099 | |
Helios Technologies, Inc. | 75,157 | 5,339,905 | |
Hillenbrand, Inc. | 230,752 | 10,522,291 | |
IDEX Corp. | 66,360 | 14,775,718 | |
Ingersoll Rand, Inc. (a) | 129,342 | 6,420,537 | |
ITT, Inc. | 43,083 | 4,045,494 | |
John Bean Technologies Corp. | 76,501 | 11,018,439 | |
Kennametal, Inc. | 193,807 | 7,269,701 | |
Lincoln Electric Holdings, Inc. | 155,145 | 19,948,544 | |
Meritor, Inc. (a) | 219,680 | 5,711,680 | |
Middleby Corp. (a) | 182,105 | 29,916,209 | |
Mueller Industries, Inc. | 18,727 | 869,495 | |
Nordson Corp. | 81,706 | 18,113,403 | |
Omega Flex, Inc. | 960 | 141,168 | |
Oshkosh Corp. | 178,161 | 23,417,482 | |
Pentair PLC | 50,220 | 3,463,673 | |
Proto Labs, Inc. (a) | 8,777 | 784,576 | |
RBC Bearings, Inc. (a) | 66,598 | 13,039,222 | |
Rexnord Corp. | 39,514 | 1,974,515 | |
Snap-On, Inc. | 103,241 | 26,287,223 | |
Tennant Co. | 187,224 | 15,490,914 | |
Terex Corp. | 53,296 | 2,791,112 | |
Timken Co. | 187,210 | 16,558,725 | |
Toro Co. | 228,094 | 25,338,962 | |
TriMas Corp. (a) | 16,999 | 551,108 | |
Welbilt, Inc. (a) | 230,931 | 5,706,305 | |
Woodward, Inc. | 150,433 | 19,132,069 | |
359,643,587 | |||
Marine - 0.6% | |||
Kirby Corp. (a) | 252,670 | 16,506,931 | |
Matson, Inc. | 575,332 | 37,195,214 | |
53,702,145 | |||
Professional Services - 1.7% | |||
Acacia Research Corp. (a) | 2,075,466 | 11,103,743 | |
ASGN, Inc. (a) | 106,574 | 10,986,714 | |
Barrett Business Services, Inc. | 2,508 | 186,771 | |
Booz Allen Hamilton Holding Corp. Class A | 73,909 | 6,277,091 | |
CACI International, Inc. Class A (a) | 13,334 | 3,399,637 | |
CoreLogic, Inc. | 25,548 | 2,031,066 | |
CoStar Group, Inc. (a) | 8,617 | 7,358,918 | |
Exponent, Inc. | 16,966 | 1,547,808 | |
FTI Consulting, Inc. (a) | 68,028 | 9,357,251 | |
Jacobs Engineering Group, Inc. | 45,430 | 6,454,694 | |
Kforce, Inc. | 6,339 | 397,519 | |
Korn Ferry | 193,349 | 12,646,958 | |
Manpower, Inc. | 79,002 | 9,558,452 | |
Nielsen Holdings PLC | 188,168 | 5,120,051 | |
Robert Half International, Inc. | 197,294 | 17,517,734 | |
Science Applications International Corp. | 91,078 | 8,184,269 | |
TransUnion Holding Co., Inc. | 150,880 | 16,144,160 | |
TriNet Group, Inc. (a) | 337,594 | 25,434,332 | |
ZipRecruiter, Inc. (a) | 315,439 | 6,627,373 | |
160,334,541 | |||
Road & Rail - 0.7% | |||
Daseke, Inc. (a) | 1,197,879 | 8,672,644 | |
Heartland Express, Inc. | 228,886 | 4,154,281 | |
HyreCar, Inc. (a)(c) | 267,086 | 4,382,881 | |
Knight-Swift Transportation Holdings, Inc. Class A | 519,190 | 24,780,939 | |
Landstar System, Inc. | 88,079 | 15,017,470 | |
Schneider National, Inc. Class B | 30,500 | 746,945 | |
TFI International, Inc. | 62,870 | 6,027,976 | |
Werner Enterprises, Inc. | 50,603 | 2,428,438 | |
Yellow Corp. (a) | 617,816 | 3,929,310 | |
70,140,884 | |||
Trading Companies & Distributors - 1.4% | |||
Air Lease Corp. Class A | 30,300 | 1,425,918 | |
Alta Equipment Group, Inc. (a) | 570,847 | 8,368,617 | |
BlueLinx Corp. (a) | 215,960 | 10,884,384 | |
Boise Cascade Co. | 12,898 | 851,139 | |
CAI International, Inc. | 301,912 | 12,958,063 | |
Custom Truck One Source, Inc. Class A (a)(c) | 606,385 | 6,433,745 | |
EVI Industries, Inc. (a)(c) | 148,989 | 4,480,099 | |
GATX Corp. | 73,950 | 7,295,907 | |
H&E Equipment Services, Inc. | 83,087 | 3,107,454 | |
Hudson Technologies, Inc. (a) | 100,395 | 283,114 | |
MRC Global, Inc. (a) | 646,368 | 6,941,992 | |
MSC Industrial Direct Co., Inc. Class A | 46,306 | 4,371,286 | |
SiteOne Landscape Supply, Inc. (a) | 65,311 | 11,236,104 | |
Triton International Ltd. | 237,096 | 12,862,458 | |
United Rentals, Inc. (a) | 57,503 | 19,203,702 | |
Univar, Inc. (a) | 73,303 | 1,985,778 | |
Watsco, Inc. | 10,782 | 3,141,875 | |
WESCO International, Inc. (a) | 129,882 | 13,841,525 | |
129,673,160 | |||
Transportation Infrastructure - 0.0% | |||
Macquarie Infrastructure Co. LLC (a) | 24,102 | 840,678 | |
TOTAL INDUSTRIALS | 1,623,644,853 | ||
INFORMATION TECHNOLOGY - 15.5% | |||
Communications Equipment - 0.3% | |||
Ciena Corp. (a) | 58,400 | 3,087,608 | |
CommScope Holding Co., Inc. (a) | 252,342 | 5,125,066 | |
DZS, Inc. (a) | 254,860 | 4,217,933 | |
F5 Networks, Inc. (a) | 35,000 | 6,490,050 | |
Juniper Networks, Inc. | 318,633 | 8,389,607 | |
NETGEAR, Inc. (a) | 9,935 | 386,273 | |
Radware Ltd. (a) | 128,952 | 3,765,398 | |
31,461,935 | |||
Electronic Equipment & Components - 2.3% | |||
Arrow Electronics, Inc. (a) | 113,592 | 13,668,525 | |
Avnet, Inc. | 260,970 | 11,498,338 | |
Badger Meter, Inc. | 9,579 | 915,465 | |
Belden, Inc. | 787,926 | 39,869,056 | |
Cognex Corp. | 245,550 | 19,494,215 | |
CTS Corp. | 10,586 | 404,915 | |
Dolby Laboratories, Inc. Class A | 53,615 | 5,229,607 | |
ePlus, Inc. (a) | 47,695 | 4,510,516 | |
Flex Ltd. (a) | 186,358 | 3,404,761 | |
Identiv, Inc. (a) | 703,389 | 10,958,801 | |
Insight Enterprises, Inc. (a) | 78,584 | 8,210,456 | |
IPG Photonics Corp. (a) | 37,923 | 7,935,767 | |
Jabil, Inc. | 199,800 | 11,278,710 | |
Kimball Electronics, Inc. (a) | 8,249 | 184,613 | |
Littelfuse, Inc. | 20,916 | 5,464,096 | |
Methode Electronics, Inc. Class A | 82,000 | 3,967,160 | |
Napco Security Technolgies, Inc. (a) | 3,853 | 125,377 | |
National Instruments Corp. | 669 | 27,295 | |
Novanta, Inc. (a) | 50,860 | 7,068,014 | |
OSI Systems, Inc. (a) | 9,700 | 934,692 | |
Powerfleet, Inc. (a) | 926,170 | 6,242,386 | |
Rogers Corp. (a) | 6,140 | 1,150,329 | |
Sanmina Corp. (a) | 184,447 | 7,767,063 | |
ScanSource, Inc. (a) | 80,022 | 2,443,072 | |
SYNNEX Corp. | 126,959 | 16,073,009 | |
Trimble, Inc. (a) | 198,319 | 15,427,235 | |
TTM Technologies, Inc. (a) | 206,100 | 3,122,415 | |
Vishay Intertechnology, Inc. | 248,300 | 5,976,581 | |
Vontier Corp. | 55,354 | 1,941,818 | |
215,294,287 | |||
IT Services - 3.6% | |||
Amdocs Ltd. | 264,779 | 20,679,240 | |
Black Knight, Inc. (a) | 195,660 | 14,359,487 | |
BM Technologies, Inc. (a)(c) | 63,948 | 821,732 | |
Broadridge Financial Solutions, Inc. | 97,950 | 15,621,066 | |
Cardtronics PLC (a) | 10,437 | 406,312 | |
Cass Information Systems, Inc. | 3,927 | 179,189 | |
Computer Services, Inc. | 133,471 | 8,008,260 | |
Concentrix Corp. (a) | 100,564 | 15,358,134 | |
CSG Systems International, Inc. | 10,809 | 476,028 | |
Digitalocean Holdings, Inc. (a) | 119,130 | 5,008,225 | |
DXC Technology Co. (a) | 171,300 | 6,495,696 | |
Equiniti Group PLC (b) | 2,803,029 | 7,215,944 | |
Euronet Worldwide, Inc. (a) | 250,723 | 37,518,190 | |
EVERTEC, Inc. | 119,748 | 5,212,630 | |
Gartner, Inc. (a) | 51,161 | 11,861,166 | |
Genpact Ltd. | 125,670 | 5,748,146 | |
GoDaddy, Inc. (a) | 44,165 | 3,575,598 | |
Hackett Group, Inc. | 8,847 | 157,565 | |
International Money Express, Inc. (a) | 824,936 | 12,596,773 | |
Jack Henry & Associates, Inc. | 67,339 | 10,380,307 | |
Maximus, Inc. | 121,345 | 11,245,041 | |
MoneyGram International, Inc. (a) | 1,273,333 | 12,478,663 | |
MongoDB, Inc. Class A (a) | 23,620 | 6,895,623 | |
Perficient, Inc. (a) | 10,864 | 777,754 | |
PFSweb, Inc. (a) | 701,451 | 5,281,926 | |
Rackspace Technology, Inc. (a)(c) | 326,553 | 6,589,840 | |
Shift4 Payments, Inc. | 103,175 | 9,625,196 | |
Sykes Enterprises, Inc. (a) | 71,642 | 3,003,233 | |
The Western Union Co. | 154,700 | 3,785,509 | |
Ttec Holdings, Inc. | 40,266 | 4,365,237 | |
Unisys Corp. (a) | 1,438,833 | 36,992,396 | |
WEX, Inc. (a) | 89,771 | 17,587,037 | |
Wix.com Ltd. (a) | 102,043 | 26,516,894 | |
WNS Holdings Ltd. sponsored ADR (a) | 150,907 | 11,242,572 | |
338,066,609 | |||
Semiconductors & Semiconductor Equipment - 2.3% | |||
Amkor Technology, Inc. | 391,000 | 8,250,100 | |
AXT, Inc. (a) | 164,577 | 1,675,394 | |
Cirrus Logic, Inc. (a) | 5,800 | 452,806 | |
CMC Materials, Inc. | 78,489 | 12,113,207 | |
Cree, Inc. (a) | 41,952 | 4,195,620 | |
CyberOptics Corp. (a) | 105,955 | 3,157,459 | |
Diodes, Inc. (a) | 31,800 | 2,406,306 | |
Enphase Energy, Inc. (a) | 15,770 | 2,255,899 | |
Entegris, Inc. | 117,192 | 13,412,624 | |
Himax Technologies, Inc. sponsored ADR (c) | 237,081 | 3,108,132 | |
Impinj, Inc. (a)(c) | 44,004 | 2,290,408 | |
Kulicke & Soffa Industries, Inc. | 151,704 | 7,873,438 | |
Lattice Semiconductor Corp. (a) | 214,206 | 11,367,912 | |
MACOM Technology Solutions Holdings, Inc. (a) | 137,500 | 8,140,000 | |
MaxLinear, Inc. Class A (a) | 184,714 | 7,022,826 | |
MKS Instruments, Inc. | 69,299 | 13,044,151 | |
Monolithic Power Systems, Inc. | 63,168 | 21,674,204 | |
NVE Corp. | 1,586 | 110,798 | |
ON Semiconductor Corp. (a) | 1,434,857 | 57,451,674 | |
Power Integrations, Inc. | 19,670 | 1,616,677 | |
Semtech Corp. (a) | 197,018 | 12,412,134 | |
SiTime Corp. (a) | 29,450 | 2,895,819 | |
SolarEdge Technologies, Inc. (a) | 2,300 | 593,423 | |
Synaptics, Inc. (a) | 40,220 | 5,080,993 | |
Ultra Clean Holdings, Inc. (a) | 117,277 | 6,606,213 | |
Universal Display Corp. | 40,527 | 8,748,158 | |
217,956,375 | |||
Software - 6.1% | |||
2U, Inc. (a)(c) | 1,139,343 | 41,494,872 | |
8x8, Inc. (a) | 409,002 | 9,631,997 | |
ACI Worldwide, Inc. (a) | 456,533 | 17,466,953 | |
ACV Auctions, Inc. Class A (a)(c) | 276,024 | 7,154,542 | |
American Software, Inc. Class A | 10,093 | 203,071 | |
Anaplan, Inc. (a) | 69,989 | 3,605,133 | |
Aspen Technology, Inc. (a) | 93,937 | 12,819,582 | |
Avalara, Inc. (a) | 38,273 | 5,058,542 | |
Avaya Holdings Corp. (a) | 488,804 | 14,018,899 | |
Blackbaud, Inc. (a) | 10,700 | 756,383 | |
CDK Global, Inc. | 407,467 | 21,326,823 | |
Ceridian HCM Holding, Inc. (a) | 14,000 | 1,252,440 | |
ChannelAdvisor Corp. (a) | 185,014 | 4,390,382 | |
CommVault Systems, Inc. (a) | 78,590 | 5,986,200 | |
Cornerstone OnDemand, Inc. (a) | 65,746 | 2,890,852 | |
Coupa Software, Inc. (a) | 7,520 | 1,791,264 | |
Domo, Inc. Class B (a) | 170,670 | 11,349,555 | |
Dynatrace, Inc. (a) | 158,210 | 8,185,785 | |
Ebix, Inc. | 7,720 | 211,528 | |
Elastic NV (a) | 6,300 | 744,723 | |
Enghouse Systems Ltd. | 179,651 | 7,896,584 | |
Fair Isaac Corp. (a) | 20,960 | 10,607,018 | |
FireEye, Inc. (a) | 353,525 | 7,908,354 | |
Five9, Inc. (a) | 39,450 | 6,986,595 | |
GTY Technology Holdings, Inc. (a) | 512,692 | 3,076,152 | |
Guidewire Software, Inc. (a) | 100,198 | 9,793,353 | |
HubSpot, Inc. (a) | 12,717 | 6,414,200 | |
InterDigital, Inc. | 84,226 | 6,803,776 | |
j2 Global, Inc. (a) | 785,627 | 97,834,130 | |
Kaleyra, Inc. (a)(c) | 476,490 | 5,789,354 | |
LivePerson, Inc. (a) | 99,825 | 5,485,384 | |
Manhattan Associates, Inc. (a) | 78,333 | 10,651,721 | |
Microsoft Corp. | 18,327 | 4,575,885 | |
Mimecast Ltd. (a) | 304,710 | 15,232,453 | |
nCino, Inc. (a) | 94,911 | 5,800,960 | |
New Relic, Inc. (a) | 168,379 | 10,553,996 | |
NortonLifeLock, Inc. | 32,300 | 893,418 | |
Nuance Communications, Inc. (a) | 247,207 | 13,077,250 | |
Paylocity Holding Corp. (a) | 12,297 | 2,088,400 | |
Proofpoint, Inc. (a) | 164,234 | 28,381,278 | |
PTC, Inc. (a) | 200,282 | 26,865,827 | |
Q2 Holdings, Inc. (a) | 174,081 | 16,525,509 | |
Qualys, Inc. (a) | 47,131 | 4,556,625 | |
Qumu Corp. (a) | 383,082 | 1,796,655 | |
Rimini Street, Inc. (a) | 383,712 | 2,497,965 | |
RingCentral, Inc. (a) | 34,230 | 8,984,348 | |
Smartsheet, Inc. (a) | 205,153 | 12,120,439 | |
SolarWinds, Inc. (a) | 796,516 | 13,182,340 | |
SPS Commerce, Inc. (a) | 11,611 | 1,089,808 | |
SS&C Technologies Holdings, Inc. | 236,469 | 17,467,965 | |
Sumo Logic, Inc. | 301,752 | 5,672,938 | |
SVMK, Inc. (a) | 82,237 | 1,599,510 | |
Tenable Holdings, Inc. (a) | 167,858 | 7,016,464 | |
The Trade Desk, Inc. (a) | 4,147 | 2,439,017 | |
Tyler Technologies, Inc. (a) | 31,490 | 12,695,508 | |
Varonis Systems, Inc. (a) | 155,900 | 7,529,970 | |
Workiva, Inc. (a) | 4,800 | 455,520 | |
Zendesk, Inc. (a) | 96,150 | 13,139,859 | |
585,826,054 | |||
Technology Hardware, Storage & Peripherals - 0.9% | |||
Avid Technology, Inc. (a) | 342,921 | 10,589,400 | |
Diebold Nixdorf, Inc. (a) | 1,234,731 | 16,718,258 | |
NCR Corp. (a) | 619,630 | 29,866,166 | |
NetApp, Inc. | 47,222 | 3,653,566 | |
Quantum Corp. (a) | 294,913 | 2,214,797 | |
Seagate Technology Holdings PLC | 118,000 | 11,298,500 | |
Western Digital Corp. (a) | 84,978 | 6,392,895 | |
Xerox Holdings Corp. | 218,975 | 5,134,964 | |
85,868,546 | |||
TOTAL INFORMATION TECHNOLOGY | 1,474,473,806 | ||
MATERIALS - 4.3% | |||
Chemicals - 1.5% | |||
Axalta Coating Systems Ltd. (a) | 446,295 | 14,477,810 | |
Balchem Corp. | 12,932 | 1,694,092 | |
Cabot Corp. | 95,800 | 6,090,964 | |
Chase Corp. | 2,417 | 256,202 | |
Eastman Chemical Co. | 25,900 | 3,247,860 | |
Element Solutions, Inc. | 33,700 | 788,243 | |
FMC Corp. | 64,347 | 7,508,651 | |
GCP Applied Technologies, Inc. (a) | 266,057 | 6,486,470 | |
Huntsman Corp. | 341,461 | 9,690,663 | |
Ingevity Corp. (a) | 159,032 | 13,089,924 | |
Innospec, Inc. | 58,861 | 5,951,436 | |
Minerals Technologies, Inc. | 38,602 | 3,358,374 | |
NewMarket Corp. | 2,401 | 824,095 | |
Olin Corp. | 30,214 | 1,477,162 | |
Orion Engineered Carbons SA (a) | 330,996 | 6,699,359 | |
PQ Group Holdings, Inc. | 223,708 | 3,655,389 | |
RPM International, Inc. | 42,685 | 3,992,328 | |
Sensient Technologies Corp. | 13,925 | 1,207,994 | |
Stepan Co. | 7,019 | 945,179 | |
The Chemours Co. LLC | 183,400 | 6,589,562 | |
The Mosaic Co. | 142,787 | 5,160,322 | |
Tredegar Corp. | 8,462 | 128,961 | |
Trinseo SA | 183,731 | 11,931,491 | |
Tronox Holdings PLC | 433,249 | 10,172,687 | |
Valvoline, Inc. | 468,501 | 15,460,533 | |
140,885,751 | |||
Construction Materials - 0.0% | |||
Summit Materials, Inc. (a) | 41,700 | 1,451,994 | |
Containers & Packaging - 1.9% | |||
Aptargroup, Inc. | 149,340 | 21,999,275 | |
Berry Global Group, Inc. (a) | 578,587 | 39,465,419 | |
CCL Industries, Inc. Class B | 372,881 | 21,041,594 | |
Crown Holdings, Inc. | 118,945 | 12,279,882 | |
Graphic Packaging Holding Co. | 891,907 | 15,768,916 | |
Greif, Inc. Class A | 139,208 | 8,590,526 | |
O-I Glass, Inc. (a) | 222,299 | 4,096,971 | |
Pactiv Evergreen, Inc. | 395,862 | 5,874,592 | |
Ranpak Holdings Corp. (A Shares) (a) | 665,255 | 14,688,830 | |
Sealed Air Corp. | 214,739 | 12,210,060 | |
Silgan Holdings, Inc. | 174,000 | 7,330,620 | |
Sonoco Products Co. | 32,981 | 2,226,877 | |
WestRock Co. | 213,207 | 12,434,232 | |
178,007,794 | |||
Metals & Mining - 0.7% | |||
Arconic Rolled Products Corp. (a) | 36,530 | 1,321,290 | |
Carpenter Technology Corp. | 238,157 | 11,412,483 | |
Commercial Metals Co. | 315,270 | 9,921,547 | |
Ferroglobe Representation & Warranty Insurance (a)(d) | 495,885 | 5 | |
Materion Corp. | 28,013 | 2,208,825 | |
Reliance Steel & Aluminum Co. | 149,076 | 25,055,203 | |
Royal Gold, Inc. | 21,554 | 2,667,739 | |
Steel Dynamics, Inc. | 167,993 | 10,487,803 | |
Teck Resources Ltd. Class B | 215,610 | 5,327,723 | |
Worthington Industries, Inc. | 11,774 | 781,440 | |
69,184,058 | |||
Paper & Forest Products - 0.2% | |||
Domtar Corp. (a) | 79,600 | 4,316,708 | |
Louisiana-Pacific Corp. | 4,700 | 315,887 | |
Neenah, Inc. | 5,512 | 291,750 | |
Schweitzer-Mauduit International, Inc. | 146,879 | 6,008,820 | |
West Fraser Timber Co. Ltd. | 141,523 | 10,898,686 | |
21,831,851 | |||
TOTAL MATERIALS | 411,361,448 | ||
REAL ESTATE - 2.6% | |||
Equity Real Estate Investment Trusts (REITs) - 2.4% | |||
American Campus Communities, Inc. | 306,606 | 14,459,539 | |
Americold Realty Trust | 52,650 | 2,001,753 | |
Brandywine Realty Trust (SBI) | 338,200 | 4,755,092 | |
Brixmor Property Group, Inc. | 313,300 | 7,115,043 | |
Camden Property Trust (SBI) | 74,273 | 9,312,349 | |
City Office REIT, Inc. | 182,900 | 2,114,324 | |
CorEnergy Infrastructure Trust, Inc. (c) | 84,100 | 512,169 | |
CoreSite Realty Corp. | 22,852 | 2,770,805 | |
Cousins Properties, Inc. | 395,408 | 14,665,683 | |
CubeSmart | 514,951 | 22,549,704 | |
CyrusOne, Inc. | 11,900 | 877,625 | |
DiamondRock Hospitality Co. (a) | 394,700 | 3,820,696 | |
Diversified Healthcare Trust (SBI) | 596,834 | 2,166,507 | |
EastGroup Properties, Inc. | 87,971 | 13,906,456 | |
Equity Commonwealth | 237,655 | 6,521,253 | |
Franklin Street Properties Corp. | 275,093 | 1,413,978 | |
Gaming & Leisure Properties | 29,627 | 1,373,508 | |
Global Net Lease, Inc. | 190,184 | 3,716,195 | |
Industrial Logistics Properties Trust | 136,179 | 3,412,646 | |
Lexington Corporate Properties Trust | 81,500 | 1,008,970 | |
MGM Growth Properties LLC | 246,060 | 8,826,172 | |
Mid-America Apartment Communities, Inc. | 90,187 | 14,493,051 | |
National Retail Properties, Inc. | 280,389 | 12,996,030 | |
Office Properties Income Trust | 132,285 | 3,866,691 | |
Omega Healthcare Investors, Inc. | 150,100 | 5,496,662 | |
Outfront Media, Inc. (a) | 567,403 | 13,583,628 | |
Physicians Realty Trust | 398,219 | 7,219,710 | |
Piedmont Office Realty Trust, Inc. Class A | 383,800 | 7,096,462 | |
Plymouth Industrial REIT, Inc. | 34,700 | 664,158 | |
Potlatch Corp. | 7,800 | 469,560 | |
Preferred Apartment Communities, Inc. Class A | 193,740 | 1,900,589 | |
Retail Value, Inc. | 40,565 | 712,321 | |
RLJ Lodging Trust | 474,246 | 7,289,161 | |
Sabra Health Care REIT, Inc. | 317,800 | 5,551,966 | |
Safehold, Inc. | 49,466 | 3,467,567 | |
Service Properties Trust | 254,722 | 3,199,308 | |
Spirit Realty Capital, Inc. | 57,083 | 2,697,743 | |
Stag Industrial, Inc. | 207,145 | 7,397,148 | |
Summit Hotel Properties, Inc. (a) | 198,800 | 1,910,468 | |
The GEO Group, Inc. (c) | 154,500 | 801,855 | |
Uniti Group, Inc. | 50,200 | 545,172 | |
228,659,717 | |||
Real Estate Management & Development - 0.2% | |||
Cushman & Wakefield PLC (a) | 585,592 | 11,132,104 | |
Howard Hughes Corp. (a) | 9,300 | 984,219 | |
Jones Lang LaSalle, Inc. (a) | 16,437 | 3,324,383 | |
Newmark Group, Inc. | 234,210 | 3,021,309 | |
Realogy Holdings Corp. (a) | 142,712 | 2,527,430 | |
20,989,445 | |||
TOTAL REAL ESTATE | 249,649,162 | ||
UTILITIES - 0.9% | |||
Electric Utilities - 0.3% | |||
IDACORP, Inc. | 118,769 | 11,633,424 | |
NRG Energy, Inc. | 220,200 | 7,079,430 | |
OGE Energy Corp. | 68,390 | 2,359,455 | |
Pinnacle West Capital Corp. | 73,522 | 6,218,491 | |
27,290,800 | |||
Gas Utilities - 0.3% | |||
Atmos Energy Corp. | 130,570 | 12,948,627 | |
National Fuel Gas Co. | 107,300 | 5,567,797 | |
South Jersey Industries, Inc. | 33,400 | 890,444 | |
Southwest Gas Holdings, Inc. | 84,672 | 5,589,199 | |
UGI Corp. | 123,200 | 5,673,360 | |
30,669,427 | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
Brookfield Renewable Corp. | 11,500 | 491,280 | |
Sunnova Energy International, Inc. (a) | 11,200 | 327,040 | |
The AES Corp. | 147,008 | 3,735,473 | |
Vistra Corp. | 777,072 | 12,565,254 | |
17,119,047 | |||
Multi-Utilities - 0.1% | |||
CenterPoint Energy, Inc. | 112,197 | 2,838,584 | |
MDU Resources Group, Inc. | 279,100 | 9,394,506 | |
12,233,090 | |||
TOTAL UTILITIES | 87,312,364 | ||
TOTAL COMMON STOCKS | |||
(Cost $5,101,810,147) | 7,943,453,428 | ||
Equity Funds - 14.9% | |||
Mid-Cap Blend Funds - 0.4% | |||
Fidelity SAI Small-Mid Cap 500 Index Fund (e) | 2,393,891 | 39,283,748 | |
Sector Funds - 1.0% | |||
Fidelity SAI Real Estate Index Fund (e) | 7,252,625 | 89,207,291 | |
Small Blend Funds - 9.6% | |||
Fidelity Small Cap Discovery Fund (e) | 2,137,037 | 64,624,001 | |
Fidelity Small Cap Index Fund (e) | 20,467,701 | 589,674,449 | |
PIMCO StocksPLUS Small Fund Institutional Class | 16,249,678 | 198,246,072 | |
Vulcan Value Partners Small Cap Fund | 2,642,673 | 63,265,588 | |
TOTAL SMALL BLEND FUNDS | 915,810,110 | ||
Small Growth Funds - 3.9% | |||
Fidelity Small Cap Growth Fund (e) | 4,425,181 | 159,085,270 | |
T. Rowe Price Institutional Small-Cap Stock Fund | 6,303,055 | 214,871,144 | |
TOTAL SMALL GROWTH FUNDS | 373,956,414 | ||
TOTAL EQUITY FUNDS | |||
(Cost $996,971,121) | 1,418,257,563 | ||
Money Market Funds - 3.0% | |||
Fidelity Cash Central Fund 0.03% (f) | 3,036,298 | 3,036,906 | |
Fidelity Securities Lending Cash Central Fund 0.03% (f)(g) | 122,482,147 | 122,494,395 | |
State Street Institutional U.S. Government Money Market Fund Premier Class 0.04% (h) | 160,640,513 | 160,640,513 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $286,171,813) | 286,171,814 | ||
TOTAL INVESTMENT IN SECURITIES - 101.2% | |||
(Cost $6,384,953,081) | 9,647,882,805 | ||
NET OTHER ASSETS (LIABILITIES) - (1.2)%(i) | (111,672,172) | ||
NET ASSETS - 100% | $9,536,210,633 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini Russell 2000 Index Contracts (United States) | 2 | June 2021 | $226,860 | $4,874 | $4,874 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 1 | June 2021 | 272,670 | 220 | 220 |
TOTAL FUTURES CONTRACTS | $5,094 |
The notional amount of futures purchased as a percentage of Net Assets is 0.0%
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $17,005,336 or 0.2% of net assets.
(c) Security or a portion of the security is on loan at period end.
(d) Level 3 security
(e) Affiliated Fund
(f) 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.
(g) Investment made with cash collateral received from securities on loan.
(h) The rate quoted is the annualized seven-day yield of the fund at period end.
(i) Includes $46,000 of cash collateral to cover margin requirements for futures contracts.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $305 |
Fidelity Securities Lending Cash Central Fund | 456,858 |
Total | $457,163 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount 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 payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.
Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
Fidelity SAI Real Estate Index Fund | $78,038,248 | $-- | $-- | $-- | $-- | $11,169,043 | $89,207,291 |
Fidelity SAI Small-Mid Cap 500 Index Fund | 20,199,891 | 17,170,449 | -- | -- | -- | 1,913,408 | 39,283,748 |
Fidelity Small Cap Discovery Fund | 57,016,149 | -- | -- | -- | -- | 7,607,852 | 64,624,001 |
Fidelity Small Cap Growth Fund | 92,619,147 | 69,221,471 | -- | -- | -- | (2,755,348) | 159,085,270 |
Fidelity Small Cap Index Fund | 519,600,894 | 184,495,662 | 130,997,774 | -- | 438,121 | 16,137,546 | 589,674,449 |
Total | $767,474,329 | $270,887,582 | $130,997,774 | $-- | $438,121 | $34,072,501 | $941,874,759 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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.
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 open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
If an unaffiliated open-end mutual fund's net asset value is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.
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.
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