DBX ETF Trust
SCHEDULE OF INVESTMENTS
Xtrackers Russell US Multifactor ETF
November 30, 2023 (Unaudited)
Number of Shares | Value | |||||||
COMMON STOCKS - 99.3% | ||||||||
Communication Services - 2.0% | ||||||||
Alphabet, Inc., Class A* | 752 | $ | 99,663 | |||||
Alphabet, Inc., Class C* | 745 | 99,770 | ||||||
AT&T, Inc. | 7,329 | 121,442 | ||||||
Charter Communications, Inc., Class A* | 306 | 122,440 | ||||||
Comcast Corp., Class A | 4,011 | 168,021 | ||||||
Electronic Arts, Inc. | 1,386 | 191,282 | ||||||
Fox Corp., Class A | 3,393 | 100,229 | ||||||
Fox Corp., Class B | 1,827 | 50,535 | ||||||
Frontier Communications Parent, Inc.* | 851 | 18,628 | ||||||
Interpublic Group of Cos., Inc. | 7,872 | 241,985 | ||||||
Iridium Communications, Inc. | 855 | 32,575 | ||||||
Liberty Broadband Corp., Class A* | 175 | 14,514 | ||||||
Liberty Broadband Corp., Class C* | 440 | 36,573 | ||||||
Liberty Media Corp.-Liberty Formula One, Class A* | 191 | 10,950 | ||||||
Liberty Media Corp.-Liberty Formula One, Class C* | 1,209 | 76,965 | ||||||
Liberty Media Corp.-Liberty Live, Class A* | 87 | 2,867 | ||||||
Liberty Media Corp.-Liberty Live, Class C* | 211 | 7,227 | ||||||
Liberty Media Corp.-Liberty SiriusXM* | 640 | 17,274 | ||||||
Liberty Media Corp.-Liberty SiriusXM, Class A* | 317 | 8,540 | ||||||
Live Nation Entertainment, Inc.* | 2,179 | 183,515 | ||||||
Madison Square Garden Sports Corp.* | 510 | 86,287 | ||||||
Meta Platforms, Inc., Class A* | 74 | 24,209 | ||||||
Netflix, Inc.* | 28 | 13,271 | ||||||
New York Times Co., Class A | 2,984 | 140,218 | ||||||
News Corp., Class A | 10,410 | 229,436 | ||||||
News Corp., Class B | 3,510 | 80,870 | ||||||
Nexstar Media Group, Inc. | 891 | 126,460 | ||||||
Omnicom Group, Inc. | 3,748 | 302,201 | ||||||
Pinterest, Inc., Class A* | 525 | 17,887 | ||||||
Spotify Technology SA* | 133 | 24,620 | ||||||
T-Mobile US, Inc. | 213 | 32,046 | ||||||
TripAdvisor, Inc.* | 842 | 15,013 | ||||||
Verizon Communications, Inc. | 1,343 | 51,477 | ||||||
Walt Disney Co.* | 390 | 36,149 | ||||||
ZoomInfo Technologies, Inc.* | 500 | 7,185 | ||||||
|
| |||||||
(Cost $2,728,021) | 2,792,324 | |||||||
|
| |||||||
Consumer Discretionary - 15.6% | ||||||||
Advance Auto Parts, Inc. | 493 | 25,039 | ||||||
Airbnb, Inc., Class A* | 483 | 61,022 | ||||||
Amazon.com, Inc.* | 105 | 15,339 | ||||||
Aptiv PLC* | 456 | 37,775 | ||||||
Aramark | 2,842 | 79,604 | ||||||
AutoNation, Inc.* | 700 | 94,689 | ||||||
AutoZone, Inc.* | 244 | 636,823 | ||||||
Best Buy Co., Inc. | 3,983 | 282,554 | ||||||
Booking Holdings, Inc.* | 137 | 428,221 | ||||||
BorgWarner, Inc. | 13,520 | 455,489 | ||||||
Boyd Gaming Corp. | 3,664 | 216,359 | ||||||
Bright Horizons Family Solutions, Inc.* | 380 | 33,227 | ||||||
Brunswick Corp. | 1,735 | 136,839 | ||||||
Burlington Stores, Inc.* | 137 | 23,234 | ||||||
Capri Holdings Ltd.* | 1,661 | 80,459 | ||||||
CarMax, Inc.* | 608 | 38,876 | ||||||
Carter’s, Inc. | 531 | 36,209 | ||||||
Chipotle Mexican Grill, Inc.* | 138 | 303,910 | ||||||
Choice Hotels International, Inc. | 417 | 45,987 | ||||||
Churchill Downs, Inc. | 271 | 31,374 | ||||||
Columbia Sportswear Co. | 1,199 | 93,918 | ||||||
Coupang, Inc.* | 772 | 11,796 | ||||||
D.R. Horton, Inc. | 2,813 | 359,136 | ||||||
Darden Restaurants, Inc. | 475 | 74,323 | ||||||
Deckers Outdoor Corp.* | 896 | 594,917 | ||||||
Dick’s Sporting Goods, Inc. | 2,375 | 308,987 | ||||||
Domino’s Pizza, Inc. | 351 | 137,904 | ||||||
eBay, Inc. | 3,003 | 123,153 | ||||||
Etsy, Inc.* | 143 | 10,841 | ||||||
Expedia Group, Inc.* | 1,449 | 197,325 | ||||||
Five Below, Inc.* | 1,082 | 203,914 | ||||||
Floor & Decor Holdings, Inc., Class A* | 791 | 72,543 | ||||||
Ford Motor Co. | 25,659 | 263,261 | ||||||
Garmin Ltd. | 2,718 | 332,248 | ||||||
General Motors Co. | 7,678 | 242,625 | ||||||
Gentex Corp. | 7,505 | 228,227 | ||||||
Genuine Parts Co. | 3,941 | 523,286 | ||||||
Grand Canyon Education, Inc.* | 1,780 | 243,362 | ||||||
H&R Block, Inc. | 3,629 | 164,829 | ||||||
Harley-Davidson, Inc. | 888 | 26,631 | ||||||
Hasbro, Inc. | 120 | 5,569 | ||||||
Hilton Worldwide Holdings, Inc. | 1,097 | 183,769 | ||||||
Home Depot, Inc. | 215 | 67,400 | ||||||
Hyatt Hotels Corp., Class A | 1,327 | 152,287 | ||||||
Las Vegas Sands Corp. | 763 | 35,190 | ||||||
Lear Corp. | 2,219 | 296,791 | ||||||
Leggett & Platt, Inc. | 1,873 | 42,836 | ||||||
Lennar Corp., Class A | 9,283 | 1,187,481 | ||||||
Lennar Corp., Class B | 527 | 60,468 | ||||||
Lithia Motors, Inc. | 49 | 13,083 | ||||||
LKQ Corp. | 11,643 | 518,463 | ||||||
Lowe’s Cos., Inc. | 1,532 | 304,608 | ||||||
Lululemon Athletica, Inc.* | 571 | 255,123 | ||||||
Macy’s, Inc. | 714 | 11,324 | ||||||
Marriott International, Inc., Class A | 879 | 178,173 | ||||||
Marriott Vacations Worldwide Corp. | 771 | 56,206 | ||||||
Mattel, Inc.* | 969 | 18,411 | ||||||
McDonald’s Corp. | 266 | 74,969 | ||||||
MGM Resorts International | 10,394 | 409,939 | ||||||
Mohawk Industries, Inc.* | 164 | 14,483 | ||||||
Murphy USA, Inc. | 1,310 | 484,110 |
NIKE, Inc., Class B | 909 | 100,235 | ||||||
NVR, Inc.* | 192 | 1,181,835 | ||||||
Ollie’s Bargain Outlet Holdings, Inc.* | 793 | 58,103 | ||||||
O’Reilly Automotive, Inc.* | 720 | 707,314 | ||||||
Penn Entertainment, Inc.* | 537 | 13,189 | ||||||
Penske Automotive Group, Inc. | 1,333 | 199,017 | ||||||
Phinia, Inc. | 2,671 | 68,110 | ||||||
Polaris, Inc. | 2,368 | 195,289 | ||||||
Pool Corp. | 680 | 236,178 | ||||||
PulteGroup, Inc. | 9,941 | 878,983 | ||||||
PVH Corp. | 178 | 17,405 | ||||||
Ralph Lauren Corp. | 2,148 | 277,908 | ||||||
RH* | 174 | 46,975 | ||||||
Ross Stores, Inc. | 3,628 | 473,019 | ||||||
Royal Caribbean Cruises Ltd.* | 142 | 15,259 | ||||||
Service Corp. International | 1,665 | 102,015 | ||||||
Skechers U.S.A., Inc., Class A* | 6,962 | 410,131 | ||||||
Starbucks Corp. | 2,937 | 291,644 | ||||||
Tapestry, Inc. | 7,164 | 226,884 | ||||||
Tempur Sealy International, Inc. | 4,529 | 182,609 | ||||||
Texas Roadhouse, Inc. | 2,440 | 274,646 | ||||||
Thor Industries, Inc. | 3,397 | 336,541 | ||||||
TJX Cos., Inc. | 5,492 | 483,900 | ||||||
Toll Brothers, Inc. | 7,322 | 628,887 | ||||||
TopBuild Corp.* | 544 | 160,904 | ||||||
Tractor Supply Co. | 2,241 | 454,945 | ||||||
Travel + Leisure Co. | 1,876 | 66,861 | ||||||
Ulta Beauty, Inc.* | 1,448 | 616,834 | ||||||
Vail Resorts, Inc. | 463 | 100,615 | ||||||
Valvoline, Inc. | 237 | 8,115 | ||||||
Wendy’s Co. | 3,261 | 61,144 | ||||||
Whirlpool Corp. | 268 | 29,185 | ||||||
Williams-Sonoma, Inc. | 1,734 | 325,194 | ||||||
Wingstop, Inc. | 146 | 35,093 | ||||||
Wyndham Hotels & Resorts, Inc. | 435 | 33,643 | ||||||
Wynn Resorts Ltd. | 130 | 10,975 | ||||||
YETI Holdings, Inc.* | 423 | 18,037 | ||||||
Yum! Brands, Inc. | 3,388 | 425,363 | ||||||
|
| |||||||
(Cost $19,752,214) | 21,399,922 | |||||||
|
| |||||||
Consumer Staples - 6.2% | ||||||||
Albertsons Cos., Inc., Class A | 11,570 | 251,879 | ||||||
Altria Group, Inc. | 6,657 | 279,860 | ||||||
Archer-Daniels-Midland Co. | 7,270 | 536,017 | ||||||
BJ’s Wholesale Club Holdings, Inc.* | 6,203 | 400,590 | ||||||
Boston Beer Co., Inc., Class A* | 168 | 59,600 | ||||||
Brown-Forman Corp., Class A | 330 | 19,876 | ||||||
Brown-Forman Corp., Class B | 694 | 40,766 | ||||||
Bunge Global SA | 244 | 26,808 | ||||||
Campbell Soup Co. | 2,686 | 107,923 | ||||||
Casey’s General Stores, Inc. | 2,465 | 678,861 | ||||||
Church & Dwight Co., Inc. | 2,001 | 193,357 | ||||||
Clorox Co. | 1,332 | 190,942 | ||||||
Coca-Cola Co. | 699 | 40,850 | ||||||
Colgate-Palmolive Co. | 2,250 | 177,233 | ||||||
Conagra Brands, Inc. | 5,398 | 152,709 | ||||||
Constellation Brands, Inc., Class A | 610 | 146,699 | ||||||
Costco Wholesale Corp. | 283 | 167,745 | ||||||
Coty, Inc., Class A* | 6,049 | 68,959 | ||||||
Darling Ingredients, Inc.* | 1,283 | 56,285 | ||||||
Dollar General Corp. | 784 | 102,798 | ||||||
Dollar Tree, Inc.* | 2,372 | 293,155 | ||||||
Estee Lauder Cos., Inc., Class A | 1,198 | 152,973 | ||||||
Flowers Foods, Inc. | 8,898 | 185,167 | ||||||
General Mills, Inc. | 3,807 | 242,354 | ||||||
Grocery Outlet Holding Corp.* | 816 | 23,019 | ||||||
Hershey Co. | 1,603 | 301,236 | ||||||
Hormel Foods Corp. | 1,870 | 57,203 | ||||||
Ingredion, Inc. | 2,659 | 272,521 | ||||||
J M Smucker Co. | 1,867 | 204,866 | ||||||
Kellanova | 2,619 | 137,602 | ||||||
Keurig Dr Pepper, Inc. | 1,720 | 54,300 | ||||||
Kimberly-Clark Corp. | 2,772 | 342,980 | ||||||
Kraft Heinz Co. | 2,829 | 99,326 | ||||||
Kroger Co. | 11,436 | 506,272 | ||||||
Lamb Weston Holdings, Inc. | 1,388 | 138,842 | ||||||
McCormick & Co., Inc. | 1,032 | 66,905 | ||||||
Molson Coors Beverage Co., Class B | 2,745 | 168,927 | ||||||
Mondelez International, Inc., Class A | 1,946 | 138,283 | ||||||
Monster Beverage Corp.* | 4,038 | 222,696 | ||||||
PepsiCo, Inc. | 456 | 76,740 | ||||||
Philip Morris International, Inc. | 424 | 39,585 | ||||||
Pilgrim’s Pride Corp.* | 424 | 10,837 | ||||||
Post Holdings, Inc.* | 1,629 | 139,165 | ||||||
Procter & Gamble Co. | 472 | 72,461 | ||||||
Reynolds Consumer Products, Inc. | 1,057 | 27,736 | ||||||
Seaboard Corp. | 16 | 56,240 | ||||||
Spectrum Brands Holdings, Inc. | 177 | 12,271 | ||||||
Sysco Corp. | 1,760 | 127,019 | ||||||
Target Corp. | 3,038 | 406,515 | ||||||
Tyson Foods, Inc., Class A | 1,041 | 48,760 | ||||||
US Foods Holding Corp.* | 2,827 | 123,907 | ||||||
Walgreens Boots Alliance, Inc. | 1,520 | 30,309 | ||||||
Walmart, Inc. | 453 | 70,528 | ||||||
WK Kellogg Co. | 655 | 7,336 | ||||||
|
| |||||||
(Cost $8,600,629) | 8,557,793 | |||||||
|
| |||||||
Energy - 5.0% | ||||||||
Baker Hughes Co. | 615 | 20,756 | ||||||
Cheniere Energy, Inc. | 3,483 | 634,428 | ||||||
Chesapeake Energy Corp. | 5,518 | 443,151 | ||||||
Chevron Corp. | 590 | 84,724 | ||||||
ConocoPhillips | 1,783 | 206,061 | ||||||
Coterra Energy, Inc. | 12,868 | 337,785 | ||||||
Devon Energy Corp. | 3,518 | 158,204 | ||||||
Diamondback Energy, Inc. | 2,352 | 363,172 |
DT Midstream, Inc. | 579 | 33,171 | ||||||
EOG Resources, Inc. | 2,382 | 293,153 | ||||||
EQT Corp. | 1,342 | 53,626 | ||||||
Exxon Mobil Corp. | 1,100 | 113,014 | ||||||
Hess Corp. | 533 | 74,919 | ||||||
HF Sinclair Corp. | 3,871 | 203,150 | ||||||
Kinder Morgan, Inc. | 5,114 | 89,853 | ||||||
Marathon Oil Corp. | 1,627 | 41,375 | ||||||
Marathon Petroleum Corp. | 9,876 | 1,473,400 | ||||||
Occidental Petroleum Corp. | 255 | 15,083 | ||||||
ONEOK, Inc. | 5,502 | 378,813 | ||||||
Phillips 66 | 5,631 | 725,780 | ||||||
Pioneer Natural Resources Co. | 1,957 | 453,320 | ||||||
Schlumberger NV | 456 | 23,730 | ||||||
Targa Resources Corp. | 1,588 | 143,635 | ||||||
TechnipFMC PLC | 908 | 18,814 | ||||||
Texas Pacific Land Corp. | 45 | 75,238 | ||||||
Valero Energy Corp. | 2,968 | 372,068 | ||||||
Williams Cos., Inc. | 1,038 | 38,188 | ||||||
|
| |||||||
(Cost $5,531,262) | 6,868,611 | |||||||
|
| |||||||
Financials - 9.6% | ||||||||
Affiliated Managers Group, Inc. | 2,357 | 319,491 | ||||||
Aflac, Inc. | 3,034 | 250,942 | ||||||
Allstate Corp. | 418 | 57,630 | ||||||
Ally Financial, Inc. | 250 | 7,305 | ||||||
American Express Co. | 311 | 53,109 | ||||||
American Financial Group, Inc. | 256 | 29,284 | ||||||
American International Group, Inc. | 1,266 | 83,315 | ||||||
Ameriprise Financial, Inc. | 567 | 200,440 | ||||||
Annaly Capital Management, Inc. REIT | 6,142 | 110,986 | ||||||
Aon PLC, Class A | 1,108 | 363,967 | ||||||
Apollo Global Management, Inc. | 103 | 9,476 | ||||||
Arch Capital Group Ltd.* | 5,160 | 431,840 | ||||||
Ares Management Corp., Class A | 366 | 41,083 | ||||||
Arthur J Gallagher & Co. | 984 | 245,016 | ||||||
Assurant, Inc. | 125 | 21,002 | ||||||
Assured Guaranty Ltd. | 755 | 51,272 | ||||||
Axis Capital Holdings Ltd. | 722 | 40,677 | ||||||
Bank of New York Mellon Corp. | 1,924 | 92,968 | ||||||
Bank OZK | 1,124 | 47,051 | ||||||
BlackRock, Inc. | 130 | 97,660 | ||||||
Blackstone, Inc. | 484 | 54,387 | ||||||
BOK Financial Corp. | 412 | 29,569 | ||||||
Brown & Brown, Inc. | 4,185 | 312,787 | ||||||
Capital One Financial Corp. | 372 | 41,538 | ||||||
Carlyle Group, Inc. | 1,752 | 60,059 | ||||||
Cboe Global Markets, Inc. | 1,256 | 228,831 | ||||||
Charles Schwab Corp. | 445 | 27,287 | ||||||
Chubb Ltd. | 761 | 174,596 | ||||||
Cincinnati Financial Corp. | 76 | 7,812 | ||||||
Citigroup, Inc. | 652 | 30,057 | ||||||
Citizens Financial Group, Inc. | 681 | 18,571 | ||||||
CME Group, Inc. | 126 | 27,513 | ||||||
CNA Financial Corp. | 231 | 9,732 | ||||||
Columbia Banking System, Inc. | 1,781 | 39,948 | ||||||
Comerica, Inc. | 149 | 6,738 | ||||||
Commerce Bancshares, Inc. | 269 | 13,603 | ||||||
Corebridge Financial, Inc. | 1,851 | 38,927 | ||||||
Credit Acceptance Corp.* | 89 | 40,673 | ||||||
Cullen/Frost Bankers, Inc. | 187 | 18,380 | ||||||
Discover Financial Services | 2,779 | 258,447 | ||||||
East West Bancorp, Inc. | 546 | 34,354 | ||||||
Equitable Holdings, Inc. | 946 | 29,033 | ||||||
Euronet Worldwide, Inc.* | 1,192 | 103,966 | ||||||
Evercore, Inc., Class A | 2,357 | 347,775 | ||||||
Everest Group Ltd. | 671 | 275,479 | ||||||
FactSet Research Systems, Inc. | 789 | 357,780 | ||||||
Fidelity National Financial, Inc. | 4,299 | 192,767 | ||||||
Fidelity National Information Services, Inc. | 270 | 15,833 | ||||||
Fifth Third Bancorp | 672 | 19,454 | ||||||
First American Financial Corp. | 1,576 | 93,930 | ||||||
First Hawaiian, Inc. | 512 | 10,061 | ||||||
First Horizon Corp. | 2,238 | 28,624 | ||||||
Fiserv, Inc.* | 1,110 | 144,977 | ||||||
FleetCor Technologies, Inc.* | 376 | 90,428 | ||||||
FNB Corp. | 4,713 | 56,509 | ||||||
Franklin Resources, Inc. | 4,966 | 123,157 | ||||||
Global Payments, Inc. | 761 | 88,611 | ||||||
Globe Life, Inc. | 1,404 | 172,875 | ||||||
Goldman Sachs Group, Inc. | 220 | 75,139 | ||||||
Hanover Insurance Group, Inc. | 165 | 20,509 | ||||||
Hartford Financial Services Group, Inc. | 2,022 | 158,040 | ||||||
Houlihan Lokey, Inc. | 1,574 | 169,551 | ||||||
Huntington Bancshares, Inc. | 4,811 | 54,172 | ||||||
Interactive Brokers Group, Inc., Class A | 1,163 | 90,528 | ||||||
Intercontinental Exchange, Inc. | 529 | 60,221 | ||||||
Invesco Ltd. | 2,883 | 41,140 | ||||||
Jack Henry & Associates, Inc. | 561 | 89,025 | ||||||
Janus Henderson Group PLC | 4,749 | 124,376 | ||||||
Jefferies Financial Group, Inc. | 1,162 | 41,181 | ||||||
JPMorgan Chase & Co. | 184 | 28,719 | ||||||
KeyCorp | 1,000 | 12,390 | ||||||
Kinsale Capital Group, Inc. | 547 | 191,505 | ||||||
Lazard Ltd., Class A | 2,037 | 61,069 | ||||||
Loews Corp. | 1,394 | 97,984 | ||||||
LPL Financial Holdings, Inc. | 1,689 | 375,465 | ||||||
M&T Bank Corp. | 221 | 28,326 | ||||||
Markel Group, Inc.* | 27 | 38,855 | ||||||
MarketAxess Holdings, Inc. | 628 | 150,795 | ||||||
Marsh & McLennan Cos., Inc. | 1,765 | 351,976 | ||||||
Mastercard, Inc., Class A | 111 | 45,935 | ||||||
MetLife, Inc. | 694 | 44,159 | ||||||
MGIC Investment Corp. | 14,462 | 254,387 | ||||||
Moody’s Corp. | 623 | 227,370 |
Morgan Stanley | 140 | 11,108 | ||||||
Morningstar, Inc. | 80 | 22,669 | ||||||
MSCI, Inc. | 535 | 278,655 | ||||||
Nasdaq, Inc. | 2,783 | 155,403 | ||||||
New York Community Bancorp, Inc. | 1,336 | 12,572 | ||||||
Northern Trust Corp. | 338 | 26,787 | ||||||
Old Republic International Corp. | 7,753 | 227,240 | ||||||
OneMain Holdings, Inc. | 482 | 20,389 | ||||||
PayPal Holdings, Inc.* | 699 | 40,269 | ||||||
PNC Financial Services Group, Inc. | 216 | 28,935 | ||||||
Popular, Inc. | 271 | 19,997 | ||||||
Primerica, Inc. | 797 | 166,979 | ||||||
Principal Financial Group, Inc. | 2,454 | 181,179 | ||||||
Progressive Corp. | 672 | 110,228 | ||||||
Prosperity Bancshares, Inc. | 401 | 24,184 | ||||||
Prudential Financial, Inc. | 419 | 40,970 | ||||||
Raymond James Financial, Inc. | 578 | 60,777 | ||||||
Regions Financial Corp. | 1,604 | 26,755 | ||||||
Reinsurance Group of America, Inc. | 1,014 | 165,343 | ||||||
Rithm Capital Corp. REIT | 11,260 | 116,879 | ||||||
RLI Corp. | 2,193 | 297,371 | ||||||
Ryan Specialty Holdings, Inc.* | 907 | 41,604 | ||||||
S&P Global, Inc. | 310 | 128,907 | ||||||
SEI Investments Co. | 3,646 | 213,911 | ||||||
SLM Corp. | 1,972 | 29,639 | ||||||
Starwood Property Trust, Inc. REIT | 1,187 | 23,586 | ||||||
State Street Corp. | 1,537 | 111,924 | ||||||
Stifel Financial Corp. | 1,004 | 61,264 | ||||||
Synchrony Financial | 3,219 | 104,167 | ||||||
Synovus Financial Corp. | 223 | 6,866 | ||||||
T. Rowe Price Group, Inc. | 2,381 | 238,410 | ||||||
TPG, Inc. | 495 | 17,325 | ||||||
Tradeweb Markets, Inc., Class A | 1,070 | 103,683 | ||||||
Travelers Cos., Inc. | 1,141 | 206,087 | ||||||
Truist Financial Corp. | 538 | 17,291 | ||||||
Unum Group | 1,968 | 84,624 | ||||||
US Bancorp | 473 | 18,031 | ||||||
Virtu Financial, Inc., Class A | 668 | 12,011 | ||||||
Visa, Inc., Class A | 178 | 45,689 | ||||||
Voya Financial, Inc. | 1,050 | 75,086 | ||||||
W.R. Berkley Corp. | 2,241 | 162,585 | ||||||
Webster Financial Corp. | 468 | 20,990 | ||||||
Wells Fargo & Co. | 821 | 36,608 | ||||||
Western Union Co. | 1,906 | 22,167 | ||||||
WEX, Inc.* | 448 | 79,108 | ||||||
White Mountains Insurance Group Ltd. | 4 | 6,128 | ||||||
Willis Towers Watson PLC | 820 | 201,966 | ||||||
Wintrust Financial Corp. | 270 | 23,131 | ||||||
|
| |||||||
(Cost $11,395,512) | 13,139,876 | |||||||
|
| |||||||
Health Care - 11.3% | ||||||||
Abbott Laboratories | 747 | 77,905 | ||||||
AbbVie, Inc. | 724 | 103,090 | ||||||
Acadia Healthcare Co., Inc.* | 1,650 | 120,434 | ||||||
Agilent Technologies, Inc. | 1,394 | 178,153 | ||||||
Align Technology, Inc.* | 275 | 58,795 | ||||||
Amgen, Inc. | 367 | 98,958 | ||||||
Avantor, Inc.* | 670 | 14,191 | ||||||
Baxter International, Inc. | 718 | 25,905 | ||||||
Becton Dickinson and Co. | 232 | 54,794 | ||||||
Biogen, Inc.* | 274 | 64,138 | ||||||
BioMarin Pharmaceutical, Inc.* | 742 | 67,581 | ||||||
Bio-Techne Corp. | 988 | 62,145 | ||||||
Boston Scientific Corp.* | 1,588 | 88,753 | ||||||
Bristol-Myers Squibb Co. | 976 | 48,195 | ||||||
Bruker Corp. | 961 | 62,552 | ||||||
Cardinal Health, Inc. | 17,177 | 1,839,313 | ||||||
Cencora, Inc. | 6,812 | 1,385,356 | ||||||
Centene Corp.* | 3,622 | 266,869 | ||||||
Charles River Laboratories International, Inc.* | 452 | 89,080 | ||||||
Chemed Corp. | 523 | 296,541 | ||||||
Cigna Group | 1,087 | 285,751 | ||||||
Cooper Cos., Inc. | 346 | 116,574 | ||||||
CVS Health Corp. | 1,522 | 103,420 | ||||||
Danaher Corp. | 127 | 28,360 | ||||||
DaVita, Inc.* | 1,381 | 140,116 | ||||||
DENTSPLY SIRONA, Inc. | 837 | 26,575 | ||||||
Dexcom, Inc.* | 723 | 83,521 | ||||||
Edwards Lifesciences Corp.* | 3,008 | 203,672 | ||||||
Elevance Health, Inc. | 612 | 293,448 | ||||||
Eli Lilly & Co. | 55 | 32,507 | ||||||
Encompass Health Corp. | 4,081 | 265,959 | ||||||
Enovis Corp.* | 1,813 | 89,671 | ||||||
Envista Holdings Corp.* | 515 | 11,685 | ||||||
Exelixis, Inc.* | 6,232 | 135,920 | ||||||
Fortrea Holdings, Inc.* | 667 | 19,637 | ||||||
GE HealthCare Technologies, Inc. | 2,623 | 179,571 | ||||||
Gilead Sciences, Inc. | 3,418 | 261,819 | ||||||
Globus Medical, Inc., Class A* | 1,493 | 67,066 | ||||||
HCA Healthcare, Inc. | 1,403 | 351,423 | ||||||
Henry Schein, Inc.* | 4,029 | 268,855 | ||||||
Hologic, Inc.* | 5,503 | 392,364 | ||||||
Humana, Inc. | 987 | 478,557 | ||||||
ICON PLC* | 338 | 90,226 | ||||||
IDEXX Laboratories, Inc.* | 464 | 216,141 | ||||||
Incyte Corp.* | 1,489 | 80,912 | ||||||
Inspire Medical Systems, Inc.* | 49 | 7,120 | ||||||
Insulet Corp.* | 20 | 3,782 | ||||||
Integra LifeSciences Holdings Corp.* | 408 | 15,990 | ||||||
Intuitive Surgical, Inc.* | 465 | 144,541 | ||||||
IQVIA Holdings, Inc.* | 362 | 77,504 | ||||||
Jazz Pharmaceuticals PLC* | 621 | 73,421 | ||||||
Johnson & Johnson | 111 | 17,167 | ||||||
Laboratory Corp. of America Holdings | 667 | 144,679 | ||||||
Masimo Corp.* | 173 | 16,220 |
McKesson Corp. | 3,299 | 1,552,377 | ||||||
Medpace Holdings, Inc.* | 319 | 86,360 | ||||||
Medtronic PLC | 1,261 | 99,959 | ||||||
Merck & Co., Inc. | 1,186 | 121,541 | ||||||
Mettler-Toledo International, Inc.* | 137 | 149,594 | ||||||
Molina Healthcare, Inc.* | 2,036 | 744,280 | ||||||
Neurocrine Biosciences, Inc.* | 1,097 | 127,899 | ||||||
Organon & Co. | 699 | 7,913 | ||||||
Perrigo Co. PLC | 454 | 13,829 | ||||||
Pfizer, Inc. | 1,157 | 35,254 | ||||||
Premier, Inc., Class A | 4,540 | 93,479 | ||||||
QIAGEN NV* | 1,790 | 73,676 | ||||||
Quest Diagnostics, Inc. | 1,612 | 221,215 | ||||||
Regeneron Pharmaceuticals, Inc.* | 219 | 180,414 | ||||||
Repligen Corp.* | 166 | 26,104 | ||||||
ResMed, Inc. | 702 | 110,726 | ||||||
Revvity, Inc. | 191 | 16,980 | ||||||
Royalty Pharma PLC, Class A | 1,127 | 30,508 | ||||||
Seagen, Inc.* | 139 | 29,636 | ||||||
Shockwave Medical, Inc.* | 88 | 15,360 | ||||||
STERIS PLC | 445 | 89,418 | ||||||
Stryker Corp. | 323 | 95,715 | ||||||
Teleflex, Inc. | 271 | 61,162 | ||||||
Tenet Healthcare Corp.* | 2,156 | 148,786 | ||||||
Thermo Fisher Scientific, Inc. | 107 | 53,046 | ||||||
United Therapeutics Corp.* | 554 | 132,960 | ||||||
UnitedHealth Group, Inc. | 33 | 18,248 | ||||||
Universal Health Services, Inc., Class B | 2,266 | 311,530 | ||||||
Veeva Systems, Inc., Class A* | 463 | 80,706 | ||||||
Vertex Pharmaceuticals, Inc.* | 935 | 331,747 | ||||||
Viatris, Inc. | 4,713 | 43,265 | ||||||
Waters Corp.* | 274 | 76,887 | ||||||
West Pharmaceutical Services, Inc. | 921 | 323,050 | ||||||
Zimmer Biomet Holdings, Inc. | 1,340 | 155,855 | ||||||
Zoetis, Inc. | 727 | 128,439 | ||||||
|
| |||||||
(Cost $13,967,674) | 15,514,840 | |||||||
|
| |||||||
Industrials - 20.4% | ||||||||
3M Co. | 750 | 74,303 | ||||||
A O Smith Corp. | 3,141 | 236,706 | ||||||
Acuity Brands, Inc. | 1,100 | 197,186 | ||||||
Advanced Drainage Systems, Inc. | 1,201 | 145,453 | ||||||
AECOM | 3,557 | 316,075 | ||||||
AGCO Corp. | 2,347 | 266,455 | ||||||
Air Lease Corp. | 1,838 | 71,296 | ||||||
Alaska Air Group, Inc.* | 6,878 | 260,057 | ||||||
Allegion PLC | 518 | 54,955 | ||||||
Allison Transmission Holdings, Inc. | 4,930 | 263,656 | ||||||
American Airlines Group, Inc.* | 2,208 | 27,445 | ||||||
AMETEK, Inc. | 1,693 | 262,804 | ||||||
Armstrong World Industries, Inc. | 403 | 34,178 | ||||||
Automatic Data Processing, Inc. | 705 | 162,094 | ||||||
Avis Budget Group, Inc.* | 275 | 50,284 | ||||||
Axon Enterprise, Inc.* | 78 | 17,930 | ||||||
AZEK Co., Inc.* | 511 | 17,624 | ||||||
Boeing Co.* | 61 | 14,129 | ||||||
Booz Allen Hamilton Holding Corp. | 1,785 | 223,357 | ||||||
Broadridge Financial Solutions, Inc. | 1,163 | 225,413 | ||||||
Builders FirstSource, Inc.* | 5,250 | 704,078 | ||||||
BWX Technologies, Inc. | 1,794 | 139,986 | ||||||
C.H. Robinson Worldwide, Inc. | 4,009 | 328,938 | ||||||
CACI International, Inc., Class A* | 964 | 309,396 | ||||||
Carlisle Cos., Inc. | 971 | 272,278 | ||||||
Carrier Global Corp. | 7,021 | 364,811 | ||||||
Caterpillar, Inc. | 605 | 151,686 | ||||||
Ceridian HCM Holding, Inc.* | 456 | 31,418 | ||||||
Cintas Corp. | 504 | 278,838 | ||||||
Clean Harbors, Inc.* | 2,990 | 483,363 | ||||||
CNH Industrial NV | 17,199 | 184,717 | ||||||
Copart, Inc.* | 9,016 | 452,784 | ||||||
Core & Main, Inc., Class A* | 2,484 | 87,015 | ||||||
CSX Corp. | 5,687 | 183,690 | ||||||
Cummins, Inc. | 769 | 172,379 | ||||||
Curtiss-Wright Corp. | 685 | 146,522 | ||||||
Deere & Co. | 151 | 55,026 | ||||||
Delta Air Lines, Inc. | 5,161 | 190,596 | ||||||
Donaldson Co., Inc. | 4,587 | 279,073 | ||||||
Dover Corp. | 1,249 | 176,309 | ||||||
Driven Brands Holdings, Inc.* | 335 | 4,405 | ||||||
Dun & Bradstreet Holdings, Inc. | 1,566 | 16,584 | ||||||
Eaton Corp. PLC | 917 | 208,792 | ||||||
EMCOR Group, Inc. | 3,108 | 660,512 | ||||||
Emerson Electric Co. | 313 | 27,826 | ||||||
Equifax, Inc. | 395 | 85,995 | ||||||
Esab Corp. | 1,558 | 120,200 | ||||||
Expeditors International of Washington, Inc. | 4,886 | 587,981 | ||||||
Fastenal Co. | 6,796 | 407,556 | ||||||
FedEx Corp. | 1,637 | 423,705 | ||||||
Ferguson PLC | 804 | 137,757 | ||||||
Flowserve Corp. | 1,107 | 42,354 | ||||||
Fortive Corp. | 2,660 | 183,487 | ||||||
Fortune Brands Innovations, Inc. | 5,043 | 345,093 | ||||||
FTI Consulting, Inc.* | 925 | 203,926 | ||||||
Gates Industrial Corp. PLC* | 2,119 | 25,979 | ||||||
General Dynamics Corp. | 639 | 157,814 | ||||||
General Electric Co. | 577 | 70,279 | ||||||
Genpact Ltd. | 2,150 | 73,014 | ||||||
Graco, Inc. | 3,496 | 282,407 | ||||||
GXO Logistics, Inc.* | 940 | 52,884 | ||||||
HEICO Corp. | 545 | 93,211 | ||||||
HEICO Corp., Class A | 1,003 | 137,822 | ||||||
Hexcel Corp. | 1,246 | 86,360 | ||||||
Honeywell International, Inc. | 365 | 71,511 | ||||||
Howmet Aerospace, Inc. | 1,751 | 92,103 | ||||||
Hubbell, Inc. | 1,124 | 337,200 |
Huntington Ingalls Industries, Inc. | 650 | 154,063 | ||||||
IDEX Corp. | 644 | 129,882 | ||||||
Illinois Tool Works, Inc. | 1,223 | 296,223 | ||||||
Ingersoll Rand, Inc. | 2,159 | 154,217 | ||||||
ITT, Inc. | 1,826 | 197,701 | ||||||
Jacobs Solutions, Inc. | 973 | 123,746 | ||||||
JB Hunt Transport Services, Inc. | 1,710 | 316,812 | ||||||
Johnson Controls International PLC | 4,306 | 227,357 | ||||||
KBR, Inc. | 2,026 | 104,683 | ||||||
Kirby Corp.* | 1,027 | 78,822 | ||||||
Knight-Swift Transportation Holdings, Inc. | 7,719 | 415,128 | ||||||
L3Harris Technologies, Inc. | 149 | 28,431 | ||||||
Landstar System, Inc. | 2,375 | 410,044 | ||||||
Leidos Holdings, Inc. | 2,647 | 284,076 | ||||||
Lennox International, Inc. | 601 | 244,403 | ||||||
Lincoln Electric Holdings, Inc. | 1,126 | 223,016 | ||||||
Lockheed Martin Corp. | 296 | 132,540 | ||||||
ManpowerGroup, Inc. | 1,499 | 111,241 | ||||||
Masco Corp. | 5,930 | 359,062 | ||||||
MasTec, Inc.* | 363 | 22,012 | ||||||
MDU Resources Group, Inc. | 7,417 | 141,961 | ||||||
Middleby Corp.* | 475 | 59,959 | ||||||
MSA Safety, Inc. | 510 | 88,811 | ||||||
MSC Industrial Direct Co., Inc., Class A | 1,879 | 183,052 | ||||||
Nordson Corp. | 991 | 233,222 | ||||||
Norfolk Southern Corp. | 701 | 152,930 | ||||||
Northrop Grumman Corp. | 174 | 82,678 | ||||||
nVent Electric PLC | 3,071 | 163,531 | ||||||
Old Dominion Freight Line, Inc. | 712 | 277,011 | ||||||
Oshkosh Corp. | 1,794 | 174,538 | ||||||
Otis Worldwide Corp. | 4,064 | 348,651 | ||||||
Owens Corning | 3,631 | 492,291 | ||||||
PACCAR, Inc. | 6,317 | 580,027 | ||||||
Parker-Hannifin Corp. | 550 | 238,249 | ||||||
Paychex, Inc. | 862 | 105,138 | ||||||
Paycom Software, Inc. | 542 | 98,460 | ||||||
Paylocity Holding Corp.* | 76 | 11,907 | ||||||
Pentair PLC | 993 | 64,088 | ||||||
Quanta Services, Inc. | 2,167 | 408,068 | ||||||
RB Global, Inc. | 4,103 | 261,279 | ||||||
RBC Bearings, Inc.* | 137 | 35,310 | ||||||
Regal Rexnord Corp. | 1,028 | 123,154 | ||||||
Republic Services, Inc. | 1,353 | 218,970 | ||||||
Robert Half, Inc. | 2,595 | 212,738 | ||||||
Rockwell Automation, Inc. | 574 | 158,103 | ||||||
Rollins, Inc. | 3,568 | 145,360 | ||||||
RTX Corp. | 456 | 37,155 | ||||||
Ryder System, Inc. | 885 | 94,819 | ||||||
Saia, Inc.* | 498 | 194,414 | ||||||
Schneider National, Inc., Class B | 3,668 | 84,474 | ||||||
Science Applications International Corp. | 3,142 | 368,902 | ||||||
Sensata Technologies Holding PLC | 795 | 25,845 | ||||||
SiteOne Landscape Supply, Inc.* | 673 | 94,772 | ||||||
Snap-on, Inc. | 1,124 | 308,752 | ||||||
Southwest Airlines Co. | 4,377 | 111,920 | ||||||
SS&C Technologies Holdings, Inc. | 2,054 | 115,558 | ||||||
Stanley Black & Decker, Inc. | 188 | 17,089 | ||||||
Stericycle, Inc.* | 1,327 | 62,329 | ||||||
Tetra Tech, Inc. | 1,262 | 199,585 | ||||||
Textron, Inc. | 1,935 | 148,337 | ||||||
Timken Co. | 2,262 | 163,769 | ||||||
Toro Co. | 1,307 | 108,481 | ||||||
Trane Technologies PLC | 2,039 | 459,611 | ||||||
TransDigm Group, Inc. | 110 | 105,916 | ||||||
TransUnion | 242 | 14,210 | ||||||
Trex Co., Inc.* | 1,230 | 86,432 | ||||||
U-Haul Holding Co.* | 579 | 32,777 | ||||||
U-Haul Holding Co. | 1,382 | 74,835 | ||||||
Union Pacific Corp. | 237 | 53,389 | ||||||
United Airlines Holdings, Inc.* | 4,225 | 166,465 | ||||||
United Parcel Service, Inc., Class B | 886 | 134,326 | ||||||
United Rentals, Inc. | 879 | 418,422 | ||||||
Valmont Industries, Inc. | 881 | 193,441 | ||||||
Veralto Corp.* | 43 | 3,322 | ||||||
Verisk Analytics, Inc. | 1,073 | 259,054 | ||||||
Vertiv Holdings Co., Class A* | 688 | 30,038 | ||||||
Vestis Corp.* | 1,420 | 26,000 | ||||||
W.W. Grainger, Inc. | 606 | 476,431 | ||||||
Waste Management, Inc. | 1,770 | 302,652 | ||||||
Watsco, Inc. | 1,118 | 427,333 | ||||||
WESCO International, Inc. | 192 | 29,923 | ||||||
Westinghouse Air Brake Technologies Corp. | 1,751 | 204,097 | ||||||
WillScot Mobile Mini Holdings Corp.* | 2,263 | 94,412 | ||||||
Woodward, Inc. | 728 | 98,411 | ||||||
XPO, Inc.* | 1,379 | 118,980 | ||||||
Xylem, Inc. | 1,331 | 139,928 | ||||||
|
| |||||||
(Cost $23,821,575) | 28,010,611 | |||||||
|
| |||||||
Information Technology - 16.2% | ||||||||
Accenture PLC, Class A | 172 | 57,300 | ||||||
Adobe, Inc.* | 576 | 351,942 | ||||||
Advanced Micro Devices, Inc.* | 63 | 7,633 | ||||||
Akamai Technologies, Inc.* | 2,483 | 286,861 | ||||||
Allegro MicroSystems, Inc.* | 1,851 | 50,384 | ||||||
Amdocs Ltd. | 7,886 | 660,610 | ||||||
Amphenol Corp., Class A | 7,555 | 687,429 | ||||||
Analog Devices, Inc. | 2,262 | 414,806 | ||||||
ANSYS, Inc.* | 810 | 237,622 | ||||||
Apple, Inc. | 2,225 | 422,639 | ||||||
Applied Materials, Inc. | 3,395 | 508,503 | ||||||
Arista Networks, Inc.* | 1,087 | 238,825 | ||||||
Arrow Electronics, Inc.* | 1,147 | 135,988 | ||||||
Atlassian Corp., Class A* | 717 | 136,911 | ||||||
Autodesk, Inc.* | 2,431 | 531,003 | ||||||
Avnet, Inc. | 2,961 | 138,456 |
Bentley Systems, Inc., Class B | 319 | 16,607 | ||||||
Broadcom, Inc. | 152 | 140,711 | ||||||
Cadence Design Systems, Inc.* | 2,165 | 591,630 | ||||||
CCC Intelligent Solutions Holdings, Inc.* | 1,529 | 17,859 | ||||||
CDW Corp. | 5,281 | 1,113,657 | ||||||
Ciena Corp.* | 196 | 8,987 | ||||||
Cirrus Logic, Inc.* | 3,071 | 233,120 | ||||||
Cisco Systems, Inc. | 2,645 | 127,965 | ||||||
Cognex Corp. | 1,468 | 55,344 | ||||||
Cognizant Technology Solutions Corp., Class A | 10,169 | 715,694 | ||||||
Corning, Inc. | 8,340 | 237,607 | ||||||
Crane NXT Co. | 1,617 | 83,211 | ||||||
Crowdstrike Holdings, Inc., Class A* | 89 | 21,092 | ||||||
Dolby Laboratories, Inc., Class A | 3,202 | 275,788 | ||||||
DoubleVerify Holdings, Inc.* | 947 | 31,440 | ||||||
Dropbox, Inc., Class A* | 12,909 | 363,776 | ||||||
DXC Technology Co.* | 818 | 18,920 | ||||||
Dynatrace, Inc.* | 841 | 45,036 | ||||||
Enphase Energy, Inc.* | 75 | 7,576 | ||||||
EPAM Systems, Inc.* | 199 | 51,380 | ||||||
F5, Inc.* | 1,552 | 265,687 | ||||||
Fair Isaac Corp.* | 156 | 169,666 | ||||||
First Solar, Inc.* | 107 | 16,882 | ||||||
Fortinet, Inc.* | 6,488 | 341,009 | ||||||
Gartner, Inc.* | 1,720 | 747,925 | ||||||
Globant SA* | 181 | 39,965 | ||||||
GoDaddy, Inc., Class A* | 2,066 | 206,724 | ||||||
Guidewire Software, Inc.* | 184 | 18,389 | ||||||
Hewlett Packard Enterprise Co. | 34,078 | 576,259 | ||||||
HP, Inc. | 10,236 | 300,324 | ||||||
HubSpot, Inc.* | 106 | 52,357 | ||||||
Intel Corp. | 879 | 39,291 | ||||||
International Business Machines Corp. | 691 | 109,565 | ||||||
Intuit, Inc. | 48 | 27,430 | ||||||
IPG Photonics Corp.* | 1,358 | 130,042 | ||||||
Jabil, Inc. | 8,619 | 993,943 | ||||||
Juniper Networks, Inc. | 3,105 | 88,337 | ||||||
Keysight Technologies, Inc.* | 1,661 | 225,713 | ||||||
KLA Corp. | 1,653 | 900,257 | ||||||
Kyndryl Holdings, Inc.* | 1,342 | 24,196 | ||||||
Lam Research Corp. | 498 | 356,528 | ||||||
Lattice Semiconductor Corp.* | 2,584 | 151,293 | ||||||
Littelfuse, Inc. | 298 | 69,374 | ||||||
Lumentum Holdings, Inc.* | 224 | 9,587 | ||||||
Manhattan Associates, Inc.* | 2,219 | 494,948 | ||||||
Marvell Technology, Inc. | 216 | 12,038 | ||||||
Microchip Technology, Inc. | 9,754 | 813,874 | ||||||
Micron Technology, Inc. | 5,875 | 447,205 | ||||||
Microsoft Corp. | 994 | 376,637 | ||||||
Monolithic Power Systems, Inc. | 194 | 106,452 | ||||||
Motorola Solutions, Inc. | 1,088 | 351,283 | ||||||
NetApp, Inc. | 4,454 | 407,051 | ||||||
NVIDIA Corp. | 38 | 17,773 | ||||||
ON Semiconductor Corp.* | 5,270 | 375,909 | ||||||
Oracle Corp. | 534 | 62,056 | ||||||
Palo Alto Networks, Inc.* | 209 | 61,674 | ||||||
PTC, Inc.* | 909 | 143,040 | ||||||
Pure Storage, Inc., Class A* | 2,895 | 96,432 | ||||||
Qorvo, Inc.* | 689 | 66,488 | ||||||
QUALCOMM, Inc. | 750 | 96,788 | ||||||
Roper Technologies, Inc. | 103 | 55,440 | ||||||
Salesforce, Inc.* | 250 | 62,975 | ||||||
ServiceNow, Inc.* | 116 | 79,546 | ||||||
Skyworks Solutions, Inc. | 3,831 | 371,339 | ||||||
Smartsheet, Inc., Class A* | 320 | 13,562 | ||||||
Snowflake, Inc., Class A* | 116 | 21,771 | ||||||
Synopsys, Inc.* | 751 | 407,966 | ||||||
TD SYNNEX Corp. | 2,524 | 248,967 | ||||||
Teledyne Technologies, Inc.* | 313 | 126,126 | ||||||
Teradata Corp.* | 3,860 | 182,385 | ||||||
Teradyne, Inc. | 2,521 | 232,512 | ||||||
Texas Instruments, Inc. | 1,994 | 304,504 | ||||||
Trimble, Inc.* | 425 | 19,720 | ||||||
Tyler Technologies, Inc.* | 442 | 180,707 | ||||||
Universal Display Corp. | 917 | 155,156 | ||||||
VeriSign, Inc.* | 3,358 | 712,568 | ||||||
Vontier Corp. | 2,996 | 101,055 | ||||||
Western Digital Corp.* | 656 | 31,691 | ||||||
Workday, Inc., Class A* | 378 | 102,332 | ||||||
Zebra Technologies Corp., Class A* | 234 | 55,453 | ||||||
Zoom Video Communications, Inc., Class A* | 192 | 13,023 | ||||||
|
| |||||||
(Cost $18,683,404) | 22,293,501 | |||||||
|
| |||||||
Materials - 6.7% | ||||||||
Air Products and Chemicals, Inc. | 761 | 205,889 | ||||||
Albemarle Corp. | 876 | 106,233 | ||||||
Amcor PLC | 8,636 | 81,869 | ||||||
AptarGroup, Inc. | 1,345 | 170,667 | ||||||
Ashland, Inc. | 496 | 39,640 | ||||||
Avery Dennison Corp. | 1,826 | 355,157 | ||||||
Axalta Coating Systems Ltd.* | 2,956 | 93,025 | ||||||
Ball Corp. | 1,351 | 74,697 | ||||||
Berry Global Group, Inc. | 4,269 | 282,266 | ||||||
Celanese Corp. | 84 | 11,648 | ||||||
CF Industries Holdings, Inc. | 2,297 | 172,620 | ||||||
Chemours Co. | 468 | 12,837 | ||||||
Cleveland-Cliffs, Inc.* | 1,746 | 29,961 | ||||||
Corteva, Inc. | 2,874 | 129,905 | ||||||
Crown Holdings, Inc. | 1,211 | 104,158 | ||||||
Dow, Inc. | 4,120 | 213,210 | ||||||
DuPont de Nemours, Inc. | 2,523 | 180,496 | ||||||
Eagle Materials, Inc. | 1,732 | 313,579 | ||||||
Eastman Chemical Co. | 1,241 | 104,033 | ||||||
Ecolab, Inc. | 782 | 149,933 |
Element Solutions, Inc. | 1,692 | 35,464 | ||||||
FMC Corp. | 762 | 40,889 | ||||||
Freeport-McMoRan, Inc. | 608 | 22,691 | ||||||
Graphic Packaging Holding Co. | 17,318 | 392,599 | ||||||
Huntsman Corp. | 3,984 | 98,006 | ||||||
International Flavors & Fragrances, Inc. | 259 | 19,524 | ||||||
International Paper Co. | 2,678 | 98,925 | ||||||
Linde PLC | 204 | 84,409 | ||||||
Louisiana-Pacific Corp. | 1,523 | 92,888 | ||||||
LyondellBasell Industries NV, Class A | 6,144 | 584,294 | ||||||
Martin Marietta Materials, Inc. | 301 | 139,842 | ||||||
Mosaic Co. | 706 | 25,338 | ||||||
NewMarket Corp. | 410 | 217,509 | ||||||
Newmont Corp. | 339 | 13,624 | ||||||
Nucor Corp. | 5,496 | 934,155 | ||||||
Olin Corp. | 2,401 | 113,183 | ||||||
Packaging Corp. of America | 1,550 | 260,416 | ||||||
PPG Industries, Inc. | 1,167 | 165,702 | ||||||
Reliance Steel & Aluminum Co. | 3,905 | 1,074,890 | ||||||
Royal Gold, Inc. | 734 | 89,401 | ||||||
RPM International, Inc. | 1,153 | 118,678 | ||||||
Sealed Air Corp. | 889 | 29,675 | ||||||
Sherwin-Williams Co. | 469 | 130,757 | ||||||
Silgan Holdings, Inc. | 4,592 | 191,578 | ||||||
Sonoco Products Co. | 1,955 | 107,838 | ||||||
Southern Copper Corp. | 302 | 21,723 | ||||||
Steel Dynamics, Inc. | 6,251 | 744,682 | ||||||
United States Steel Corp. | 5,976 | 214,538 | ||||||
Vulcan Materials Co. | 722 | 154,190 | ||||||
Westlake Corp. | 1,246 | 159,974 | ||||||
Westrock Co. | 1,221 | 50,269 | ||||||
|
| |||||||
(Cost $7,629,196) | 9,259,474 | |||||||
|
| |||||||
Real Estate - 3.0% | ||||||||
Agree Realty Corp. REIT | 402 | 23,802 | ||||||
Alexandria Real Estate Equities, Inc. REIT | 177 | 19,364 | ||||||
American Homes 4 Rent, Class A REIT | 1,300 | 47,151 | ||||||
American Tower Corp. REIT | 48 | 10,021 | ||||||
Americold Realty Trust, Inc. REIT | 448 | 12,647 | ||||||
Apartment Income REIT Corp. REIT | 5,029 | 156,502 | ||||||
AvalonBay Communities, Inc. REIT | 599 | 103,591 | ||||||
Brixmor Property Group, Inc. REIT | 2,778 | 59,783 | ||||||
Camden Property Trust REIT | 600 | 54,156 | ||||||
CBRE Group, Inc., Class A* | 4,526 | 357,373 | ||||||
CoStar Group, Inc.* | 1,217 | 101,060 | ||||||
Crown Castle, Inc. REIT | 142 | 16,654 | ||||||
CubeSmart REIT | 2,481 | 98,645 | ||||||
EastGroup Properties, Inc. REIT | 554 | 96,257 | ||||||
EPR Properties REIT | 883 | 39,399 | ||||||
Equinix, Inc. REIT | 59 | 48,086 | ||||||
Equity LifeStyle Properties, Inc. REIT | 1,220 | 86,742 | ||||||
Equity Residential REIT | 814 | 46,268 | ||||||
Essex Property Trust, Inc. REIT | 117 | 24,975 | ||||||
Extra Space Storage, Inc. REIT | 1,732 | 225,454 | ||||||
Federal Realty Investment Trust REIT | 815 | 77,906 | ||||||
First Industrial Realty Trust, Inc. REIT | 3,802 | 178,884 | ||||||
Gaming and Leisure Properties, Inc. REIT | 1,225 | 57,244 | ||||||
Healthpeak Properties, Inc. REIT | 1,246 | 21,581 | ||||||
Host Hotels & Resorts, Inc. REIT | 10,898 | 190,388 | ||||||
Howard Hughes Holdings, Inc.* | 210 | 15,437 | ||||||
Invitation Homes, Inc. REIT | 1,512 | 50,440 | ||||||
Iron Mountain, Inc. REIT | 3,192 | 204,767 | ||||||
Jones Lang LaSalle, Inc.* | 414 | 64,385 | ||||||
Kimco Realty Corp. REIT | 1,205 | 23,281 | ||||||
Lamar Advertising Co., Class A REIT | 1,783 | 180,600 | ||||||
Mid-America Apartment Communities, Inc. REIT | 668 | 83,153 | ||||||
National Storage Affiliates Trust REIT | 272 | 9,028 | ||||||
NET Lease Office Properties REIT* | 36 | 589 | ||||||
NNN REIT, Inc. REIT | 2,405 | 97,691 | ||||||
Omega Healthcare Investors, Inc. REIT | 4,349 | 138,081 | ||||||
Prologis, Inc. REIT | 563 | 64,706 | ||||||
Public Storage REIT | 829 | 214,512 | ||||||
Rayonier, Inc. REIT | 391 | 11,996 | ||||||
Realty Income Corp. REIT | 596 | 32,160 | ||||||
Regency Centers Corp. REIT | 1,634 | 102,582 | ||||||
Rexford Industrial Realty, Inc. REIT | 415 | 20,426 | ||||||
SBA Communications Corp. REIT | 137 | 33,833 | ||||||
Simon Property Group, Inc. REIT | 601 | 75,059 | ||||||
Spirit Realty Capital, Inc. REIT | 2,199 | 90,819 | ||||||
STAG Industrial, Inc. REIT | 2,035 | 72,955 | ||||||
Sun Communities, Inc. REIT | 100 | 12,934 | ||||||
UDR, Inc. REIT | 575 | 19,205 | ||||||
Ventas, Inc. REIT | 290 | 13,294 | ||||||
VICI Properties, Inc. REIT | 3,246 | 97,023 | ||||||
Welltower, Inc. REIT | 213 | 18,978 | ||||||
Weyerhaeuser Co. REIT | 7,694 | 241,207 | ||||||
WP Carey, Inc. REIT | 551 | 34,294 | ||||||
|
| |||||||
(Cost $4,170,349) | 4,177,368 | |||||||
|
| |||||||
Utilities - 3.3% | ||||||||
AES Corp. | 4,857 | 83,589 | ||||||
Alliant Energy Corp. | 1,455 | 73,579 | ||||||
Ameren Corp. | 2,340 | 181,561 | ||||||
American Electric Power Co., Inc. | 1,975 | 157,111 | ||||||
American Water Works Co., Inc. | 640 | 84,378 | ||||||
Atmos Energy Corp. | 1,251 | 142,376 | ||||||
Avangrid, Inc. | 324 | 10,002 | ||||||
Brookfield Renewable Corp., Class A | 1,357 | 36,015 | ||||||
CenterPoint Energy, Inc. | 5,133 | 145,110 | ||||||
Clearway Energy, Inc., Class A | 711 | 16,829 | ||||||
Clearway Energy, Inc., Class C | 1,022 | 25,519 | ||||||
CMS Energy Corp. | 1,690 | 95,924 | ||||||
Consolidated Edison, Inc. | 3,067 | 276,367 | ||||||
Constellation Energy Corp. | 413 | 49,990 |
Dominion Energy, Inc. | 428 | 19,406 | ||||||
DTE Energy Co. | 1,209 | 125,869 | ||||||
Duke Energy Corp. | 982 | 90,619 | ||||||
Edison International | 3,763 | 252,083 | ||||||
Entergy Corp. | 1,723 | 174,729 | ||||||
Essential Utilities, Inc. | 1,559 | 55,516 | ||||||
Evergy, Inc. | 2,574 | 131,377 | ||||||
Eversource Energy | 1,809 | 107,473 | ||||||
Exelon Corp. | 4,104 | 158,045 | ||||||
FirstEnergy Corp. | 3,671 | 135,607 | ||||||
Hawaiian Electric Industries, Inc. | 2,280 | 27,793 | ||||||
IDACORP, Inc. | 1,061 | 102,386 | ||||||
National Fuel Gas Co. | 996 | 50,587 | ||||||
NextEra Energy, Inc. | 881 | 51,547 | ||||||
NiSource, Inc. | 7,075 | 181,403 | ||||||
NRG Energy, Inc. | 2,739 | 131,034 | ||||||
OGE Energy Corp. | 5,080 | 178,054 | ||||||
Pinnacle West Capital Corp. | 3,321 | 248,876 | ||||||
PPL Corp. | 5,172 | 135,093 | ||||||
Public Service Enterprise Group, Inc. | 2,015 | 125,796 | ||||||
Sempra | 1,312 | 95,605 | ||||||
Southern Co. | 2,460 | 174,611 | ||||||
UGI Corp. | 1,725 | 37,933 | ||||||
Vistra Corp. | 636 | 22,521 | ||||||
WEC Energy Group, Inc. | 1,611 | 134,712 | ||||||
Xcel Energy, Inc. | 3,014 | 183,372 | ||||||
|
| |||||||
(Cost $4,596,100) | 4,510,397 | |||||||
|
| |||||||
TOTAL COMMON STOCKS (Cost $120,875,936) | 136,524,717 | |||||||
|
| |||||||
EXCHANGE-TRADED FUNDS - 0.4% | ||||||||
iShares Russell 1000 ETF | 100 | 25,071 | ||||||
Vanguard S&P 500 ETF | 1,150 | 482,310 | ||||||
|
| |||||||
(Cost $478,997) | 507,381 | |||||||
|
| |||||||
CASH EQUIVALENTS - 0.1% | ||||||||
DWS Government Money Market Series “Institutional Shares”, 5.31% (a) | ||||||||
(Cost $126,796) | 126,796 | 126,796 | ||||||
|
| |||||||
TOTAL INVESTMENTS - 99.8% (Cost $121,481,729) | $ | 137,158,894 | ||||||
Other assets and liabilities, net - 0.2% | 242,221 | |||||||
|
| |||||||
NET ASSETS - 100.0% | $ | 137,401,115 | ||||||
|
|
For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.
A summary of the Fund’s transactions with affiliated investments during the period ended November 30, 2023 is as follows:
Value ($) at | Purchases | Sales Proceeds ($) | Net Realized Gain/(Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Income | Capital Gain Distributions ($) | Number of | Value ($) at 11/30/2023 | ||||||||
SECURITIES LENDING COLLATERAL — 0.0% | ||||||||||||||||
DWS Government & Agency Securities Portfolio “DWS Government Cash Institutional Shares, 5.27% (a)(b) | ||||||||||||||||
— | — | 0 (c) | — | — | 4 | — | — | — | ||||||||
CASH EQUIVALENTS — 0.1% | ||||||||||||||||
DWS Government Money Market Series “Institutional Shares”, 5.31% (a) | ||||||||||||||||
139,790 | 1,183,510 | (1,196,504) | — | — | 2,584 | — | 126,796 | 126,796 | ||||||||
|
|
|
|
|
|
|
|
| ||||||||
139,790 | 1,183,510 | (1,196,504) | — | — | 2,588 | — | 126,796 | 126,796 | ||||||||
|
|
|
|
|
|
|
|
|
* | Non-income producing security. |
(a) | Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end. |
(b) | Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. |
(c) | Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period ended November 30, 2023. |
REIT: | Real Estate Investment Trust |
At November 30, 2023, open futures contracts purchased were as follows:
Contract Description | Currency | Number of Contracts | Notional Amount | Contract Value | Expiration Date | Unrealized Appreciation† | ||||||||||||||||
S&P 500 E-Mini Futures | USD | 1 | $ | 226,976 | $ | 228,838 | 12/15/2023 | $ | 1,862 |
† | The amount represents the unrealized appreciation (depreciation) of the Fund’s derivative instruments subject to equity contracts risk exposure as of November 30, 2023. |
Currency Abbreviations
USD | U.S. Dollar |
Fair Value Measurements
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
The following is a summary of the inputs used as of November 30, 2023 in valuing the Fund’s investments.
Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks (a) | $ | 136,524,717 | $ | — | $ | — | $ | 136,524,717 | ||||||||
Exchange-Traded Funds | 507,381 | — | — | 507,381 | ||||||||||||
Short-Term Investments (a) | 126,796 | — | — | 126,796 | ||||||||||||
Derivatives (b) | ||||||||||||||||
Futures Contracts | 1,862 | — | — | 1,862 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
TOTAL | $ | 137,160,756 | $ | — | $ | — | $ | 137,160,756 | ||||||||
|
|
|
|
|
|
|
|
(a) | See Schedule of Investments for additional detailed categorizations. |
(b) | Derivatives include unrealized appreciation (depreciation) on open futures contracts. |
OBTAIN A FUND PROSPECTUS
To obtain a summary prospectus, or prospectus, download one from www.Xtrackers.com, talk to your financial representative or call (855) 329-3837. Investing involves risk, including the possible loss of principal. We advise you to carefully consider the product’s objectives, risks, charges and expenses before investing. The summary prospectus and prospectus contain this and other important information about the investment product. Please read the prospectus carefully before you invest. Xtrackers ETFs (“ETFs”) are managed by DBX Advisors LLC (the “Adviser”), and distributed by ALPS Distributors, Inc. (“ALPS”). The Adviser is a subsidiary of DWS Group GmbH & Co. KGaA, and is not affiliated with ALPS. Shares are not individually redeemable, and owners of Shares may acquire those Shares from the Fund, or tender such Shares for redemption to the Fund, in Creation Units only.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.
NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE
DEUS-PH1
R-089711-1 (5/24) DBX005195 (5/24)