As filed with the Securities and Exchange Commission on September 4, 2020
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-23227
SYNTAX ETF TRUST
(Exact Name of Registrant as Specified in Charter)
One Liberty Plaza, 46th Floor
New York, NY 10006
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (212) 880-0200
Kathy Cuocolo, One Liberty Plaza, 46th Floor New York, NY 10006
(Name and Address of Agent for Service)
Copies to:
Kathleen H. Moriarty
Counsel to the Trust
Chapman & Cutler LLP
1270 Avenue of the Americas, 30th Floor
New York, New York 10020
Date of fiscal year end: | December 31 |
Date of reporting period: | June 30, 2020 |
Item 1: | Report(s) to Shareholders. |
The Semi-Annual Report is attached.
June 30, 2020
(Unaudited)
Security Description | Shares | Value |
COMMON STOCK—99.8% | ||
3M Co. | 314 | $48,981 |
A O Smith Corp. | 902 | 42,502 |
Abbott Laboratories | 1,306 | 119,408 |
AbbVie, Inc. | 575 | 56,453 |
ABIOMED, Inc.(a) | 71 | 17,151 |
Accenture PLC, Class A | 285 | 61,195 |
Activision Blizzard, Inc. | 1,602 | 121,592 |
Adobe, Inc.(a) | 570 | 248,127 |
Advance Auto Parts, Inc. | 377 | 53,704 |
Advanced Micro Devices, Inc.(a) | 718 | 37,774 |
AES Corp. | 9,156 | 132,670 |
Aflac, Inc. | 1,541 | 55,522 |
Agilent Technologies, Inc. | 666 | 58,854 |
Air Products and Chemicals, Inc. | 73 | 17,627 |
Akamai Technologies, Inc.(a) | 857 | 91,776 |
Alaska Air Group, Inc. | 1,298 | 47,065 |
Albemarle Corp. | 221 | 17,063 |
Alexandria Real Estate Equities, Inc., REIT | 180 | 29,205 |
Alexion Pharmaceuticals, Inc.(a) | 489 | 54,885 |
Align Technology, Inc.(a) | 169 | 46,380 |
Allegion PLC | 279 | 28,519 |
Alliant Energy Corp. | 590 | 28,226 |
Allstate Corp. | 596 | 57,806 |
Alphabet, Inc., Class A(a) | 20 | 28,361 |
Alphabet, Inc., Class C(a) | 20 | 28,272 |
Altria Group, Inc. | 3,275 | 128,544 |
Amazon.com, Inc.(a) | 11 | 30,347 |
Amcor PLC(a) | 2,880 | 29,405 |
Ameren Corp. | 397 | 27,933 |
American Airlines Group, Inc. | 3,005 | 39,275 |
American Electric Power Co., Inc. | 695 | 55,350 |
American Express Co. | 222 | 21,134 |
American International Group, Inc. | 2,568 | 80,070 |
American Tower Corp., REIT | 75 | 19,390 |
American Water Works Co., Inc. | 906 | 116,566 |
Ameriprise Financial, Inc. | 331 | 49,663 |
AmerisourceBergen Corp. | 918 | 92,507 |
AMETEK, Inc. | 325 | 29,045 |
Amgen, Inc. | 246 | 58,022 |
Amphenol Corp., Class A | 676 | 64,768 |
Analog Devices, Inc. | 959 | 117,612 |
ANSYS, Inc.(a) | 852 | 248,554 |
Anthem, Inc. | 350 | 92,043 |
Aon PLC, Class A | 126 | 24,268 |
Apache Corp. | 2,066 | 27,891 |
Apartment Investment and Management Co., REIT, Class A | 1,082 | 40,726 |
Apple, Inc. | 336 | 122,573 |
Applied Materials, Inc. | 1,364 | 82,454 |
Aptiv PLC | 1,751 | 136,438 |
Archer-Daniels-Midland Co. | 4,373 | 174,483 |
Security Description | Shares | Value |
Arista Networks, Inc.(a) | 380 | $79,811 |
Arthur J Gallagher & Co. | 236 | 23,008 |
Assurant, Inc. | 532 | 54,950 |
AT&T, Inc. | 2,795 | 84,493 |
Atmos Energy Corp. | 1,146 | 114,119 |
Autodesk, Inc.(a) | 1,030 | 246,366 |
Automatic Data Processing, Inc. | 516 | 76,827 |
AutoZone, Inc.(a) | 47 | 53,022 |
AvalonBay Communities, Inc., REIT | 260 | 40,206 |
Avery Dennison Corp. | 188 | 21,449 |
Baker Hughes Co. | 7,869 | 121,104 |
Ball Corp. | 423 | 29,394 |
Bank of America Corp. | 1,714 | 40,707 |
Bank of New York Mellon Corp. | 1,117 | 43,172 |
Baxter International, Inc. | 1,378 | 118,646 |
Becton Dickinson and Co. | 93 | 22,252 |
Berkshire Hathaway, Inc., Class B(a) | 945 | 168,692 |
Best Buy Co., Inc. | 1,094 | 95,473 |
Biogen, Inc.(a) | 190 | 50,834 |
Bio-Rad Laboratories, Inc., Class A(a) | 96 | 43,343 |
BlackRock, Inc. | 93 | 50,600 |
Boeing Co. | 296 | 54,257 |
Booking Holdings, Inc.(a) | 18 | 28,662 |
BorgWarner, Inc. | 3,897 | 137,564 |
Boston Properties, Inc., REIT | 292 | 26,391 |
Boston Scientific Corp.(a) | 1,221 | 42,869 |
Bristol-Myers Squibb Co. | 936 | 55,037 |
Broadcom, Inc. | 252 | 79,534 |
Broadridge Financial Solutions, Inc. | 351 | 44,293 |
Brown-Forman Corp., Class B | 1,291 | 82,185 |
Cabot Oil & Gas Corp. | 4,230 | 72,671 |
Cadence Design Systems, Inc.(a) | 1,272 | 122,061 |
Campbell Soup Co. | 1,576 | 78,217 |
Capital One Financial Corp. | 1,059 | 66,283 |
Cardinal Health, Inc. | 1,645 | 85,853 |
CarMax, Inc.(a) | 538 | 48,178 |
Carnival Corp. | 1,395 | 22,906 |
Carrier Global Corp. | 1,330 | 29,553 |
Caterpillar, Inc. | 463 | 58,569 |
Cboe Global Markets, Inc. | 228 | 21,268 |
CBRE Group, Inc., Class A(a) | 474 | 21,434 |
CDW Corp. | 378 | 43,916 |
Celanese Corp. | 191 | 16,491 |
Centene Corp.(a) | 1,485 | 94,372 |
CenterPoint Energy, Inc. | 4,731 | 88,328 |
CenturyLink, Inc. | 11,294 | 113,279 |
Cerner Corp. | 689 | 47,231 |
CF Industries Holdings, Inc. | 729 | 20,514 |
CH Robinson Worldwide, Inc. | 367 | 29,015 |
Charles Schwab Corp. | 1,528 | 51,555 |
Charter Communications, Inc., Class A(a) | 216 | 110,169 |
Chevron Corp. | 2,790 | 248,952 |
Security Description | Shares | Value |
Chipotle Mexican Grill, Inc.(a) | 174 | $183,111 |
Chubb Ltd. | 543 | 68,755 |
Church & Dwight Co., Inc. | 2,022 | 156,301 |
Cigna Corp.(a) | 489 | 91,761 |
Cincinnati Financial Corp. | 1,114 | 71,329 |
Cintas Corp. | 240 | 63,926 |
Cisco Systems, Inc. | 1,888 | 88,056 |
Citigroup, Inc. | 809 | 41,340 |
Citizens Financial Group, Inc. | 717 | 18,097 |
Citrix Systems, Inc. | 325 | 48,071 |
Clorox Co. | 732 | 160,579 |
CME Group, Inc. | 131 | 21,293 |
CMS Energy Corp. | 491 | 28,684 |
Coca-Cola Co. | 2,799 | 125,059 |
Cognizant Technology Solutions Corp., Class A | 1,248 | 70,911 |
Colgate-Palmolive Co. | 2,042 | 149,597 |
Comcast Corp., Class A | 2,890 | 112,652 |
Comerica, Inc. | 1,909 | 72,733 |
Conagra Brands, Inc. | 2,275 | 80,012 |
Concho Resources, Inc. | 485 | 24,977 |
ConocoPhillips | 649 | 27,271 |
Consolidated Edison, Inc. | 1,120 | 80,562 |
Constellation Brands, Inc., Class A | 505 | 88,350 |
Cooper Companies, Inc. | 148 | 41,979 |
Copart, Inc.(a) | 332 | 27,646 |
Corning, Inc. | 2,354 | 60,969 |
Corteva, Inc.(a) | 763 | 20,441 |
Costco Wholesale Corp. | 865 | 262,277 |
Coty, Inc., Class A | 30,890 | 138,078 |
Crown Castle International Corp., REIT | 118 | 19,747 |
CSX Corp. | 304 | 21,201 |
Cummins, Inc. | 171 | 29,627 |
CVS Health Corp. | 3,613 | 234,737 |
Danaher Corp. | 256 | 45,268 |
Darden Restaurants, Inc. | 2,204 | 166,997 |
DaVita, Inc.(a) | 495 | 39,174 |
Deere & Co. | 370 | 58,145 |
Delta Air Lines, Inc. | 1,638 | 45,946 |
DENTSPLY SIRONA, Inc. | 493 | 21,722 |
Devon Energy Corp. | 6,680 | 75,751 |
DexCom, Inc.(a) | 119 | 48,243 |
Diamondback Energy, Inc. | 607 | 25,385 |
Digital Realty Trust, Inc., REIT | 623 | 88,535 |
Discover Financial Services | 1,428 | 71,529 |
Discovery, Inc., Class A(a) | 1,544 | 32,578 |
Discovery, Inc., Class C(a) | 1,727 | 33,262 |
DISH Network Corp., Class A(a) | 2,585 | 89,208 |
Dollar General Corp. | 309 | 58,868 |
Dollar Tree, Inc.(a) | 646 | 59,871 |
Dominion Energy, Inc. | 680 | 55,202 |
Domino's Pizza, Inc. | 457 | 168,834 |
Security Description | Shares | Value |
Dover Corp. | 501 | $48,377 |
Dow, Inc.(a) | 420 | 17,119 |
DR Horton, Inc. | 1,565 | 86,779 |
DTE Energy Co. | 546 | 58,695 |
Duke Energy Corp. | 325 | 25,964 |
Duke Realty Corp., REIT | 536 | 18,969 |
DuPont de Nemours, Inc. | 845 | 44,895 |
DXC Technology Co. | 4,237 | 69,910 |
E*TRADE Financial Corp. | 1,193 | 59,328 |
Eastman Chemical Co. | 244 | 16,992 |
Eaton Corp. PLC | 753 | 65,872 |
eBay, Inc. | 595 | 31,208 |
Ecolab, Inc. | 206 | 40,984 |
Edison International | 1,468 | 79,727 |
Edwards Lifesciences Corp.(a) | 634 | 43,816 |
Electronic Arts, Inc.(a) | 939 | 123,995 |
Eli Lilly and Co. | 366 | 60,090 |
Emerson Electric Co. | 199 | 12,344 |
Entergy Corp. | 592 | 55,536 |
EOG Resources, Inc. | 544 | 27,559 |
Equifax, Inc. | 202 | 34,720 |
Equinix, Inc., REIT | 127 | 89,192 |
Equity Residential, REIT | 666 | 39,174 |
Essex Property Trust, Inc., REIT | 169 | 38,730 |
Estee Lauder Companies, Inc., Class A | 769 | 145,095 |
Everest Re Group Ltd. | 319 | 65,778 |
Evergy, Inc. | 477 | 28,281 |
Eversource Energy | 338 | 28,145 |
Exelon Corp. | 3,024 | 109,741 |
Expedia Group, Inc. | 342 | 28,112 |
Expeditors International of Washington, Inc. | 385 | 29,275 |
Extra Space Storage, Inc., REIT | 441 | 40,735 |
Exxon Mobil Corp. | 5,443 | 243,411 |
F5 Networks, Inc.(a) | 600 | 83,688 |
Facebook, Inc., Class A(a) | 252 | 57,222 |
Fastenal Co. | 1,062 | 45,496 |
Federal Realty Investment Trust, REIT | 248 | 21,132 |
FedEx Corp. | 214 | 30,007 |
Fidelity National Information Services, Inc. | 207 | 27,757 |
Fifth Third Bancorp | 896 | 17,275 |
First Republic Bank | 706 | 74,829 |
FirstEnergy Corp. | 2,097 | 81,322 |
Fiserv, Inc.(a) | 280 | 27,334 |
FleetCor Technologies, Inc.(a) | 90 | 22,638 |
FLIR Systems, Inc. | 3,101 | 125,808 |
Flowserve Corp. | 1,830 | 52,192 |
FMC Corp. | 223 | 22,215 |
Ford Motor Co. | 19,927 | 121,156 |
Fortinet, Inc.(a) | 351 | 48,182 |
Fortive Corp. | 195 | 13,194 |
Fortune Brands Home & Security, Inc. | 726 | 46,413 |
Fox Corp., Class A | 1,198 | 32,130 |
Security Description | Shares | Value |
Fox Corp., Class B(a) | 1,214 | $32,584 |
Franklin Resources, Inc. | 2,232 | 46,805 |
Freeport-McMoRan, Inc. | 10,891 | 126,009 |
Gap, Inc. | 6,353 | 80,175 |
Garmin Ltd. | 1,254 | 122,265 |
Gartner, Inc.(a) | 575 | 69,765 |
General Dynamics Corp. | 380 | 56,795 |
General Electric Co. | 6,688 | 45,679 |
General Mills, Inc. | 1,223 | 75,398 |
General Motors Co. | 4,533 | 114,685 |
Genuine Parts Co. | 503 | 43,741 |
Gilead Sciences, Inc. | 731 | 56,243 |
Global Payments, Inc. | 127 | 21,542 |
Globe Life, Inc. | 745 | 55,301 |
Goldman Sachs Group, Inc. | 424 | 83,791 |
H&R Block, Inc. | 2,310 | 32,987 |
Halliburton Co. | 6,721 | 87,239 |
Hanesbrands, Inc. | 5,738 | 64,782 |
Hartford Financial Services Group, Inc. | 2,107 | 81,225 |
Hasbro, Inc. | 856 | 64,157 |
HCA Healthcare, Inc. | 752 | 72,989 |
Healthpeak Properties, Inc., REIT | 2,718 | 74,908 |
Henry Schein, Inc.(a) | 1,536 | 89,687 |
Hershey Co. | 493 | 63,903 |
Hess Corp. | 585 | 30,309 |
Hewlett Packard Enterprise Co. | 8,366 | 81,401 |
Hilton Worldwide Holdings, Inc. | 482 | 35,403 |
HollyFrontier Corp. | 4,141 | 120,917 |
Hologic, Inc.(a) | 888 | 50,616 |
Home Depot, Inc. | 353 | 88,430 |
Honeywell International, Inc. | 335 | 48,438 |
Hormel Foods Corp. | 3,716 | 179,371 |
Host Hotels & Resorts, Inc. | 2,897 | 31,259 |
Howmet Aerospace, Inc. | 1,987 | 31,494 |
HP, Inc. | 10,594 | 184,653 |
Humana, Inc. | 244 | 94,611 |
Huntington Bancshares, Inc. | 1,893 | 17,103 |
Huntington Ingalls Industries, Inc. | 308 | 53,743 |
IDEX Corp. | 337 | 53,259 |
IDEXX Laboratories, Inc.(a) | 142 | 46,883 |
IHS Markit Ltd. | 831 | 62,740 |
Illinois Tool Works, Inc. | 298 | 52,105 |
Illumina, Inc.(a) | 171 | 63,330 |
Incyte Corp.(a) | 601 | 62,486 |
Ingersoll Rand, Inc.(a) | 1,639 | 46,089 |
Intel Corp. | 641 | 38,351 |
Intercontinental Exchange, Inc. | 246 | 22,534 |
International Business Machines Corp. | 560 | 67,631 |
International Flavors & Fragrances, Inc. | 135 | 16,532 |
International Paper Co. | 614 | 21,619 |
Interpublic Group of Companies, Inc. | 3,227 | 55,375 |
Intuit, Inc. | 164 | 48,575 |
Security Description | Shares | Value |
Intuitive Surgical, Inc.(a) | 31 | $17,665 |
Invesco Ltd. | 4,634 | 49,862 |
IPG Photonics Corp.(a) | 79 | 12,671 |
IQVIA Holdings, Inc.(a) | 412 | 58,455 |
Iron Mountain, Inc., REIT | 672 | 17,539 |
J M Smucker Co. | 707 | 74,808 |
Jack Henry & Associates, Inc. | 167 | 30,733 |
Jacobs Engineering Group, Inc. | 1,612 | 136,698 |
JB Hunt Transport Services, Inc. | 247 | 29,724 |
Johnson & Johnson | 810 | 113,910 |
Johnson Controls International PLC | 1,410 | 48,137 |
JPMorgan Chase & Co. | 424 | 39,881 |
Juniper Networks, Inc. | 3,538 | 80,879 |
Kansas City Southern | 145 | 21,647 |
Kellogg Co. | 1,013 | 66,919 |
KeyCorp | 1,400 | 17,052 |
Keysight Technologies, Inc.(a) | 303 | 30,536 |
Kimberly-Clark Corp. | 1,087 | 153,647 |
Kimco Realty Corp., REIT | 1,620 | 20,801 |
Kinder Morgan, Inc. | 7,346 | 111,439 |
KLA Corp. | 414 | 80,515 |
Kohl's Corp. | 4,780 | 99,281 |
Kraft Heinz Co. | 2,330 | 74,304 |
Kroger Co. | 7,909 | 267,720 |
L Brands, Inc. | 4,188 | 62,694 |
L3Harris Technologies, Inc. | 654 | 110,964 |
Laboratory Corp. of America Holdings(a) | 226 | 37,541 |
Lam Research Corp. | 271 | 87,658 |
Lamb Weston Holdings, Inc. | 1,134 | 72,497 |
Las Vegas Sands Corp. | 759 | 34,565 |
Leggett & Platt, Inc. | 1,285 | 45,168 |
Leidos Holdings, Inc. | 685 | 64,164 |
Lennar Corp., Class A | 1,421 | 87,562 |
Lincoln National Corp. | 1,373 | 50,513 |
Linde PLC | 85 | 18,029 |
Live Nation Entertainment, Inc.(a) | 566 | 25,091 |
LKQ Corp.(a) | 2,007 | 52,583 |
Lockheed Martin Corp. | 149 | 54,373 |
Loews Corp. | 5,252 | 180,091 |
Lowe's Companies, Inc. | 676 | 91,341 |
LyondellBasell Industries N.V., Class A | 257 | 16,890 |
M&T Bank Corp. | 173 | 17,987 |
Marathon Oil Corp. | 4,283 | 26,212 |
Marathon Petroleum Corp. | 3,635 | 135,876 |
MarketAxess Holdings, Inc. | 48 | 24,044 |
Marriott International, Inc., Class A | 403 | 34,549 |
Marsh & McLennan Companies, Inc. | 217 | 23,299 |
Martin Marietta Materials, Inc. | 290 | 59,905 |
Masco Corp. | 934 | 46,896 |
Mastercard, Inc., Class A | 77 | 22,769 |
Maxim Integrated Products, Inc. | 2,002 | 121,341 |
McCormick & Co., Inc. | 441 | 79,120 |
Security Description | Shares | Value |
McDonald's Corp. | 902 | $166,392 |
McKesson Corp. | 590 | 90,518 |
Medtronic PLC | 184 | 16,873 |
Merck & Co., Inc. | 695 | 53,744 |
MetLife, Inc. | 1,512 | 55,218 |
Mettler-Toledo International, Inc.(a) | 16 | 12,889 |
MGM Resorts International | 1,962 | 32,962 |
Microchip Technology, Inc. | 387 | 40,755 |
Micron Technology, Inc.(a) | 798 | 41,113 |
Microsoft Corp. | 1,221 | 248,486 |
Mid-America Apartment Communities, Inc., REIT | 359 | 41,167 |
Mohawk Industries, Inc.(a) | 440 | 44,774 |
Molson Coors Beverage Co., Class B | 2,219 | 76,245 |
Mondelez International, Inc., Class A | 1,261 | 64,475 |
Monster Beverage Corp.(a) | 1,892 | 131,153 |
Moody's Corp. | 129 | 35,440 |
Morgan Stanley | 1,844 | 89,065 |
Mosaic Co. | 1,598 | 19,991 |
Motorola Solutions, Inc. | 812 | 113,786 |
MSCI, Inc. | 108 | 36,053 |
Mylan N.V.(a) | 10,736 | 172,635 |
Nasdaq, Inc. | 199 | 23,775 |
National Oilwell Varco, Inc. | 9,879 | 121,018 |
NetApp, Inc. | 2,013 | 89,317 |
Netflix, Inc.(a) | 69 | 31,398 |
Newell Brands, Inc. | 4,225 | 67,093 |
Newmont Corp. | 2,110 | 130,271 |
News Corp., Class A | 2,954 | 35,034 |
News Corp., Class B | 2,942 | 35,157 |
NextEra Energy, Inc. | 232 | 55,719 |
Nielsen Holdings PLC | 3,760 | 55,874 |
NIKE, Inc., Class B | 705 | 69,125 |
NiSource, Inc. | 4,890 | 111,199 |
Noble Energy, Inc. | 8,332 | 74,655 |
Norfolk Southern Corp. | 118 | 20,717 |
Northern Trust Corp. | 580 | 46,017 |
Northrop Grumman Corp. | 178 | 54,724 |
NortonLifeLock, Inc. | 2,303 | 45,668 |
Norwegian Cruise Line Holdings Ltd.(a) | 1,344 | 22,082 |
NRG Energy, Inc. | 3,401 | 110,737 |
Nucor Corp. | 2,728 | 112,966 |
NVIDIA Corp. | 108 | 41,030 |
NVR, Inc.(a) | 27 | 87,986 |
Occidental Petroleum Corp. | 1,580 | 28,914 |
Old Dominion Freight Line, Inc. | 180 | 30,526 |
Omnicom Group, Inc. | 1,026 | 56,020 |
ONEOK, Inc. | 3,353 | 111,387 |
Oracle Corp. | 882 | 48,748 |
O'Reilly Automotive, Inc.(a) | 125 | 52,709 |
Otis Worldwide Corp. | 501 | 28,487 |
PACCAR, Inc. | 781 | 58,458 |
Security Description | Shares | Value |
Packaging Corp. of America | 219 | $21,856 |
Parker-Hannifin Corp. | 158 | 28,957 |
Paychex, Inc. | 1,028 | 77,871 |
Paycom Software, Inc.(a) | 152 | 47,079 |
PayPal Holdings, Inc.(a) | 183 | 31,884 |
Pentair PLC | 1,374 | 52,198 |
People's United Financial, Inc. | 9,171 | 106,108 |
PepsiCo, Inc. | 498 | 65,865 |
PerkinElmer, Inc. | 593 | 58,167 |
Perrigo Co. PLC | 3,378 | 186,702 |
Pfizer, Inc. | 1,573 | 51,437 |
Philip Morris International, Inc. | 1,821 | 127,579 |
Phillips 66 | 1,674 | 120,361 |
Pinnacle West Capital Corp. | 375 | 27,484 |
Pioneer Natural Resources Co. | 290 | 28,333 |
PNC Financial Services Group, Inc. | 169 | 17,780 |
PPG Industries, Inc. | 168 | 17,818 |
PPL Corp. | 1,080 | 27,907 |
Principal Financial Group, Inc. | 1,156 | 48,020 |
Procter & Gamble Co. | 1,278 | 152,810 |
Progressive Corp. | 749 | 60,002 |
Prologis, Inc., REIT | 201 | 18,759 |
Prudential Financial, Inc. | 898 | 54,688 |
Public Service Enterprise Group, Inc. | 1,146 | 56,337 |
Public Storage, REIT | 215 | 41,256 |
PulteGroup, Inc. | 2,489 | 84,701 |
PVH Corp. | 1,341 | 64,435 |
Qorvo, Inc.(a) | 705 | 77,924 |
QUALCOMM, Inc. | 879 | 80,174 |
Quanta Services, Inc. | 3,502 | 137,383 |
Quest Diagnostics, Inc. | 343 | 39,088 |
Ralph Lauren Corp. | 897 | 65,050 |
Raymond James Financial, Inc. | 796 | 54,789 |
Raytheon Technologies Corp. | 733 | 45,167 |
Realty Income Corp., REIT | 378 | 22,491 |
Regency Centers Corp., REIT | 468 | 21,477 |
Regeneron Pharmaceuticals, Inc.(a) | 92 | 57,376 |
Regions Financial Corp. | 1,565 | 17,403 |
Republic Services, Inc. | 781 | 64,081 |
ResMed, Inc. | 268 | 51,456 |
Robert Half International, Inc. | 1,104 | 58,324 |
Rockwell Automation, Inc. | 59 | 12,567 |
Rollins, Inc. | 1,550 | 65,704 |
Roper Technologies, Inc. | 31 | 12,036 |
Ross Stores, Inc. | 1,247 | 106,294 |
Royal Caribbean Cruises Ltd. | 453 | 22,786 |
S&P Global, Inc. | 108 | 35,584 |
salesforce.com, Inc.(a) | 262 | 49,080 |
SBA Communications Corp., REIT | 65 | 19,365 |
Schlumberger Ltd. | 4,441 | 81,670 |
Seagate Technology PLC | 1,711 | 82,830 |
Sealed Air Corp. | 937 | 30,780 |
Security Description | Shares | Value |
Sempra Energy | 227 | $26,611 |
ServiceNow, Inc.(a) | 120 | 48,607 |
Sherwin-Williams Co. | 32 | 18,491 |
Simon Property Group, Inc., REIT | 292 | 19,967 |
Skyworks Solutions, Inc. | 895 | 114,435 |
SL Green Realty Corp., REIT | 537 | 26,469 |
Snap-on, Inc. | 479 | 66,346 |
Southern Co. | 503 | 26,081 |
Southwest Airlines Co. | 1,397 | 47,749 |
Stanley Black & Decker, Inc. | 489 | 68,157 |
Starbucks Corp. | 2,223 | 163,591 |
State Street Corp. | 676 | 42,960 |
STERIS PLC | 113 | 17,339 |
Stryker Corp. | 228 | 41,083 |
SVB Financial Group(a) | 364 | 78,453 |
Synchrony Financial | 3,148 | 69,760 |
Synopsys, Inc.(a) | 638 | 124,410 |
Sysco Corp. | 4,693 | 256,519 |
T Rowe Price Group, Inc. | 404 | 49,894 |
Take-Two Interactive Software, Inc.(a) | 856 | 119,472 |
Tapestry, Inc. | 4,715 | 62,615 |
Target Corp. | 505 | 60,565 |
TE Connectivity Ltd. | 815 | 66,463 |
TechnipFMC PLC | 10,637 | 72,757 |
Teledyne Technologies, Inc.(a) | 36 | 11,194 |
Teleflex, Inc. | 62 | 22,567 |
Texas Instruments, Inc. | 920 | 116,812 |
Textron, Inc. | 1,652 | 54,367 |
Thermo Fisher Scientific, Inc. | 171 | 61,960 |
Tiffany & Co. | 579 | 70,603 |
TJX Companies, Inc. | 2,190 | 110,726 |
T-Mobile US, Inc.(a) | 849 | 88,423 |
Tractor Supply Co. | 361 | 47,576 |
Trane Technologies PLC | 316 | 28,118 |
TransDigm Group, Inc. | 64 | 28,291 |
Travelers Companies, Inc. | 608 | 69,342 |
Truist Financial Corp. | 474 | 17,799 |
Twitter, Inc.(a) | 1,716 | 51,120 |
Tyler Technologies, Inc.(a) | 132 | 45,788 |
Tyson Foods, Inc., Class A | 2,741 | 163,665 |
UDR, Inc., REIT | 1,111 | 41,529 |
Ulta Beauty, Inc.(a) | 371 | 75,469 |
Under Armour, Inc., Class A(a) | 3,449 | 33,593 |
Under Armour, Inc., Class C(a) | 3,855 | 34,078 |
Union Pacific Corp. | 128 | 21,641 |
United Airlines Holdings, Inc.(a) | 1,221 | 42,259 |
United Parcel Service, Inc., Class B | 282 | 31,353 |
United Rentals, Inc.(a) | 301 | 44,861 |
UnitedHealth Group, Inc. | 326 | 96,154 |
Universal Health Services, Inc., Class B | 793 | 73,662 |
Unum Group | 3,286 | 54,515 |
US Bancorp | 505 | 18,594 |
Security Description | Shares | Value |
Valero Energy Corp. | 2,030 | $119,405 |
Varian Medical Systems, Inc.(a) | 149 | 18,255 |
Ventas, Inc., REIT | 1,869 | 68,443 |
VeriSign, Inc.(a) | 420 | 86,869 |
Verisk Analytics, Inc. | 211 | 35,912 |
Verizon Communications, Inc. | 1,508 | 83,136 |
Vertex Pharmaceuticals, Inc.(a) | 202 | 58,643 |
VF Corp. | 1,116 | 68,009 |
ViacomCBS, Inc., Class B | 2,977 | 69,424 |
Visa, Inc., Class A | 119 | 22,987 |
Vornado Realty Trust, REIT | 703 | 26,862 |
Vulcan Materials Co. | 510 | 59,083 |
Walgreens Boots Alliance, Inc. | 5,624 | 238,401 |
Walmart, Inc. | 2,212 | 264,953 |
Walt Disney Co. | 585 | 65,233 |
Waste Management, Inc. | 616 | 65,241 |
Waters Corp.(a) | 301 | 54,300 |
WEC Energy Group, Inc. | 315 | 27,610 |
Wells Fargo & Co. | 1,523 | 38,989 |
Welltower, Inc., REIT | 661 | 34,207 |
West Pharmaceutical Services, Inc. | 108 | 24,534 |
Western Digital Corp. | 2,046 | 90,331 |
Western Union Co. | 3,396 | 73,422 |
Westinghouse Air Brake Technologies Corp. | 462 | 26,597 |
Westrock Co. | 759 | 21,449 |
Weyerhaeuser Co., REIT | 2,656 | 59,654 |
Whirlpool Corp. | 352 | 45,595 |
Williams Companies, Inc. | 6,272 | 119,293 |
Willis Towers Watson PLC | 122 | 24,028 |
WR Berkley Corp. | 1,202 | 68,863 |
WW Grainger, Inc. | 141 | 44,297 |
Wynn Resorts Ltd. | 411 | 30,615 |
Xcel Energy, Inc. | 452 | 28,250 |
Xerox Holdings Corp.(a) | 9,988 | 152,717 |
Xilinx, Inc. | 421 | 41,422 |
Xylem, Inc. | 800 | 51,968 |
Yum! Brands, Inc. | 1,869 | 162,435 |
Zebra Technologies Corp., Class A(a) | 108 | 27,643 |
Zimmer Biomet Holdings, Inc. | 342 | 40,821 |
Zions Bancorp NA | 3,220 | 109,480 |
Zoetis, Inc. | 396 | 54,268 |
TOTAL COMMON STOCK (Cost $32,047,912) | $33,014,211 |
Security Description | Shares | Value |
RIGHTS—0.0% | ||
T-Mobile US, Inc.(a) | 849 | $142 |
INVESTMENTS IN COMMON STOCK—99.8% (Cost $32,048,226) | 33,014,353 | |
OTHER ASSETS IN EXCESS OF LIABILITIES—0.2% | 80,862 | |
NET ASSETS—100.0% | $33,095,215 |
(a) | Non-income producing security. |
PLC=Public Limited Company |
REIT=Real Estate Investment Trust |
INDUSTRY | PERCENTAGE OF NET ASSETS |
Branded Pharmaceuticals | 3.3% |
Business Software for Specific Uses | 3.3 |
Processed Foods | 3.2 |
Food Distributors | 3.2 |
Restaurants | 3.1 |
Downstream Energy | 3.0 |
Upstream Energy | 2.9 |
Transaction Services | 2.4 |
Electric Competitive | 2.4 |
Investment Services | 2.2 |
Commercial Hardware | 2.2 |
Internet Services and Websites | 2.2 |
Content Providers | 2.1 |
End User Hardware | 2.1 |
Commercial Insurance | 2.1 |
Management and IT Services | 2.1 |
Midstream and Gas | 2.1 |
Telecommunication Networks | 2.1 |
Consumer Insurance | 2.0 |
Rental | 2.0 |
Operators and Developers | 1.9 |
Electric Regulated | 1.7 |
Non Real Estate Banking | 1.6 |
Home Office and Consumer Equipment Manufacture | 1.6 |
Distribution Services | 1.6 |
Specialty Services | 1.6 |
Home Office and Consumer Equipment Retail | 1.6 |
Primary Foods | 1.6 |
Auto Products | 1.5 |
Alcohol and Tobacco | 1.5 |
Semiconductor Services and Equipment | 1.5 |
Information and Electrical Components | 1.5 |
Capital Markets | 1.5 |
Mechanical Components | 1.5 |
Transportation Services | 1.5 |
Digital Integrated Circuits | 1.4 |
Drugstores | 1.4 |
Analog and Mixed Signal Integrated Circuits | 1.4 |
Diversified Household and Personal Products | 1.4 |
Healthcare Insurance | 1.4 |
Healthcare Providers and Facilities | 1.3 |
Personal Products | 1.3 |
INDUSTRY | PERCENTAGE OF NET ASSETS |
Transport Aerospace and Defense Equipment | 1.2% |
Hospital Equipment | 1.1 |
Metals | 1.1 |
Medical Research Services and Equipment | 1.1 |
Industrial Conglomerates | 1.1 |
Healthcare Products Distribution | 1.1 |
Other Natural Resources | 1.1 |
Diversified Drugs and Devices | 1.1 |
Medical Devices | 1.0 |
Chemicals | 1.0 |
Accessories and Footwear | 1.0 |
Branded Apparel | 1.0 |
Apparel Retailers | 1.0 |
Production Equipment | 0.8 |
Operating Systems and Middleware | 0.7 |
Consumer Paper Products | 0.5 |
Real Estate Banking | 0.3 |
Business Software for Specific Industries | 0.3 |
Other Assets in Excess of Liabilities | 0.2 |
Total | 100.0% |
Security Description | Shares | Value |
COMMON STOCK—99.7% | ||
Aaron's, Inc. | 178 | $8,081 |
Acadia Healthcare Co., Inc.(a) | 341 | 8,566 |
ACI Worldwide, Inc.(a) | 528 | 14,251 |
Acuity Brands, Inc. | 59 | 5,649 |
Adient PLC(a) | 147 | 2,414 |
Adtalem Global Education, Inc.(a) | 115 | 3,582 |
AECOM(a) | 97 | 3,645 |
Affiliated Managers Group, Inc. | 122 | 9,096 |
AGCO Corp. | 140 | 7,764 |
Alleghany Corp. | 15 | 7,337 |
Allegheny Technologies, Inc.(a) | 377 | 3,842 |
ALLETE, Inc. | 133 | 7,263 |
Alliance Data Systems Corp. | 97 | 4,377 |
AMC Networks, Inc., Class A(a) | 276 | 6,456 |
Amedisys, Inc.(a) | 54 | 10,721 |
American Campus Communities, Inc. | 288 | 10,068 |
American Eagle Outfitters, Inc. | 928 | 10,115 |
American Financial Group, Inc. | 83 | 5,267 |
Antero Midstream Corp. | 870 | 4,437 |
AptarGroup, Inc. | 25 | 2,799 |
Arrow Electronics, Inc.(a) | 30 | 2,061 |
Arrowhead Pharmaceuticals, Inc.(a) | 535 | 23,107 |
ASGN, Inc.(a) | 130 | 8,668 |
Ashland Global Holdings, Inc. | 33 | 2,280 |
Associated Banc-Corp | 346 | 4,733 |
AutoNation, Inc.(a) | 294 | 11,048 |
Avanos Medical, Inc.(a) | 73 | 2,145 |
Avis Budget Group, Inc.(a) | 434 | 9,934 |
Avnet, Inc. | 71 | 1,980 |
Axon Enterprise, Inc.(a) | 81 | 7,948 |
BancorpSouth Bank | 67 | 1,524 |
Bank of Hawaii Corp. | 81 | 4,974 |
Bank OZK | 61 | 1,432 |
Belden, Inc. | 86 | 2,799 |
Bio-Techne Corp. | 34 | 8,978 |
BJ's Wholesale Club Holdings, Inc.(a) | 481 | 17,927 |
Black Hills Corp. | 82 | 4,646 |
Blackbaud, Inc. | 82 | 4,681 |
Boston Beer Co., Inc., Class A(a) | 23 | 12,343 |
Boyd Gaming Corp. | 73 | 1,526 |
Brighthouse Financial, Inc.(a) | 318 | 8,847 |
Brink's Co. | 94 | 4,278 |
Brixmor Property Group, Inc. | 76 | 974 |
Brown & Brown, Inc. | 255 | 10,394 |
Brunswick Corp. | 103 | 6,593 |
Cable One, Inc. | 12 | 21,298 |
Cabot Corp. | 87 | 3,223 |
Cabot Microelectronics Corp. | 112 | 15,628 |
CACI International, Inc., Class A(a) | 43 | 9,326 |
Caesars Entertainment Corp.(a) | 137 | 1,662 |
Camden Property Trust | 109 | 9,943 |
Security Description | Shares | Value |
Cantel Medical Corp. | 86 | $3,804 |
Carlisle Companies, Inc. | 21 | 2,513 |
Carpenter Technology Corp. | 155 | 3,763 |
Carter's, Inc. | 137 | 11,056 |
Casey's General Stores, Inc. | 53 | 7,925 |
Catalent, Inc.(a) | 259 | 18,985 |
Cathay General Bancorp | 56 | 1,473 |
CDK Global, Inc. | 335 | 13,876 |
Ceridian HCM Holding, Inc.(a) | 64 | 5,073 |
ChampionX Corp.(a) | 758 | 7,398 |
Charles River Laboratories International, Inc.(a) | 46 | 8,020 |
Chemed Corp. | 24 | 10,826 |
Chemours Co. | 207 | 3,177 |
Choice Hotels International, Inc. | 18 | 1,420 |
Churchill Downs, Inc. | 11 | 1,465 |
Ciena Corp.(a) | 592 | 32,063 |
Cimarex Energy Co. | 208 | 5,718 |
Cinemark Holdings, Inc. | 474 | 5,475 |
Cirrus Logic, Inc.(a) | 155 | 9,576 |
CIT Group, Inc. | 83 | 1,721 |
Clean Harbors, Inc.(a) | 82 | 4,918 |
CNO Financial Group, Inc. | 707 | 11,008 |
CNX Resources Corp.(a) | 584 | 5,052 |
Cognex Corp. | 145 | 8,659 |
Coherent, Inc.(a) | 112 | 14,670 |
Colfax Corp.(a) | 218 | 6,082 |
Columbia Sportswear Co. | 146 | 11,765 |
Commerce Bancshares, Inc. | 84 | 4,995 |
Commercial Metals Co. | 211 | 4,304 |
CommVault Systems, Inc.(a) | 117 | 4,528 |
Compass Minerals International, Inc. | 74 | 3,607 |
CoreCivic, Inc. | 302 | 2,827 |
CoreLogic, Inc. | 112 | 7,529 |
CoreSite Realty Corp. | 22 | 2,663 |
Corporate Office Properties Trust | 44 | 1,115 |
Cousins Properties, Inc. | 35 | 1,044 |
Cracker Barrel Old Country Store, Inc. | 91 | 10,093 |
Crane Co. | 93 | 5,530 |
Cree, Inc.(a) | 49 | 2,900 |
Cullen/Frost Bankers, Inc. | 27 | 2,017 |
Curtiss-Wright Corp. | 31 | 2,768 |
CyrusOne, Inc. | 217 | 15,787 |
Dana, Inc. | 319 | 3,889 |
Darling Ingredients, Inc.(a) | 254 | 6,253 |
Deckers Outdoor Corp.(a) | 59 | 11,587 |
Delphi Technologies PLC(a) | 293 | 4,164 |
Deluxe Corp. | 184 | 4,331 |
Dick's Sporting Goods, Inc. | 196 | 8,087 |
Domtar Corp. | 121 | 2,554 |
Donaldson Co., Inc. | 114 | 5,303 |
Douglas Emmett, Inc. | 37 | 1,134 |
Security Description | Shares | Value |
Dunkin' Brands Group, Inc. | 120 | $7,828 |
Dycom Industries, Inc.(a) | 100 | 4,089 |
Eagle Materials, Inc. | 76 | 5,337 |
East West Bancorp, Inc. | 40 | 1,450 |
EastGroup Properties, Inc. | 21 | 2,491 |
Eaton Vance Corp. | 225 | 8,685 |
Edgewell Personal Care Co.(a) | 699 | 21,781 |
Eldorado Resorts, Inc.(a) | 44 | 1,763 |
EMCOR Group, Inc. | 62 | 4,101 |
Encompass Health Corp. | 134 | 8,299 |
Energizer Holdings, Inc. | 417 | 19,803 |
EnerSys | 72 | 4,635 |
Enphase Energy, Inc.(a) | 100 | 4,757 |
EPR Properties | 28 | 928 |
EQT Corp. | 405 | 4,819 |
Equitrans Midstream Corp. | 547 | 4,546 |
Essent Group Ltd. | 202 | 7,327 |
Essential Utilities, Inc. | 107 | 4,520 |
Etsy, Inc.(a) | 84 | 8,923 |
Evercore, Inc., Class A | 132 | 7,777 |
Exelixis, Inc.(a) | 809 | 19,206 |
FactSet Research Systems, Inc. | 31 | 10,183 |
Fair Isaac Corp.(a) | 34 | 14,213 |
Federated Hermes, Inc. | 374 | 8,864 |
First American Financial Corp. | 103 | 4,946 |
First Financial Bankshares, Inc. | 48 | 1,387 |
First Horizon National Corp. | 508 | 5,060 |
First Industrial Realty Trust, Inc. | 66 | 2,537 |
First Solar, Inc.(a) | 60 | 2,970 |
FirstCash, Inc. | 71 | 4,791 |
Five Below, Inc.(a) | 69 | 7,377 |
Flowers Foods, Inc. | 525 | 11,739 |
Fluor Corp. | 322 | 3,890 |
FNB Corp. | 187 | 1,402 |
Foot Locker, Inc. | 385 | 11,227 |
FTI Consulting, Inc.(a) | 73 | 8,362 |
Fulton Financial Corp. | 137 | 1,443 |
GATX Corp. | 62 | 3,781 |
Generac Holdings, Inc.(a) | 30 | 3,658 |
Gentex Corp. | 146 | 3,762 |
Genworth Financial, Inc., Class A(a) | 3,281 | 7,579 |
GEO Group, Inc. | 296 | 3,502 |
Glacier Bancorp, Inc. | 36 | 1,270 |
Globus Medical, Inc., Class A(a) | 299 | 14,265 |
Goodyear Tire & Rubber Co. | 279 | 2,496 |
Graco, Inc. | 107 | 5,135 |
Graham Holdings Co., Class B | 11 | 3,769 |
Grand Canyon Education, Inc.(a) | 40 | 3,621 |
Greif, Inc., Class A | 49 | 1,686 |
Grocery Outlet Holding Corp.(a) | 230 | 9,384 |
Grubhub, Inc.(a) | 105 | 7,381 |
Haemonetics Corp.(a) | 39 | 3,493 |
Security Description | Shares | Value |
Hain Celestial Group, Inc.(a) | 259 | $8,161 |
Hancock Whitney Corp. | 89 | 1,887 |
Hanover Insurance Group, Inc. | 52 | 5,269 |
Harley-Davidson, Inc. | 231 | 5,491 |
Hawaiian Electric Industries, Inc. | 211 | 7,609 |
Healthcare Realty Trust, Inc. | 501 | 14,674 |
Healthcare Services Group, Inc. | 189 | 4,623 |
HealthEquity, Inc.(a) | 92 | 5,398 |
Helen of Troy Ltd.(a) | 106 | 19,987 |
Herman Miller, Inc. | 237 | 5,596 |
Hexcel Corp. | 52 | 2,351 |
Highwoods Properties, Inc. | 29 | 1,083 |
Hill-Rom Holdings, Inc. | 37 | 4,062 |
HNI Corp. | 210 | 6,420 |
Home BancShares, Inc. | 99 | 1,523 |
Hubbell, Inc. | 23 | 2,883 |
Hudson Pacific Properties, Inc. | 43 | 1,082 |
ICU Medical, Inc.(a) | 12 | 2,212 |
IDACORP, Inc. | 88 | 7,689 |
II-VI, Inc.(a) | 64 | 3,022 |
Ingevity Corp.(a) | 62 | 3,259 |
Ingredion, Inc. | 71 | 5,893 |
Insperity, Inc. | 93 | 6,020 |
Integra LifeSciences Holdings Corp.(a) | 44 | 2,068 |
Interactive Brokers Group, Inc., Class A | 247 | 10,317 |
InterDigital, Inc. | 189 | 10,703 |
International Bancshares Corp. | 50 | 1,601 |
ITT, Inc. | 56 | 3,289 |
J2 Global, Inc.(a) | 212 | 13,400 |
Jabil, Inc. | 507 | 16,265 |
Jack in the Box, Inc. | 110 | 8,150 |
Janus Henderson Group PLC | 391 | 8,274 |
JBG SMITH Properties | 37 | 1,094 |
Jefferies Financial Group, Inc. | 334 | 5,194 |
JetBlue Airways Corp.(a) | 920 | 10,028 |
John Wiley & Sons, Inc., Class A | 214 | 8,346 |
Jones Lang LaSalle, Inc. | 94 | 9,725 |
KAR Auction Services, Inc. | 782 | 10,760 |
KB Home | 239 | 7,332 |
KBR, Inc. | 157 | 3,540 |
Kemper Corp. | 155 | 11,241 |
Kennametal, Inc. | 224 | 6,431 |
Kilroy Realty Corp. | 18 | 1,057 |
Kirby Corp.(a) | 147 | 7,873 |
Knight-Swift Transportation Holdings, Inc. | 149 | 6,215 |
Lamar Advertising Co., Class A | 15 | 1,001 |
Lancaster Colony Corp. | 75 | 11,624 |
Landstar System, Inc. | 54 | 6,065 |
Lear Corp. | 24 | 2,616 |
Legg Mason, Inc. | 179 | 8,905 |
LendingTree, Inc.(a) | 39 | 11,292 |
Lennox International, Inc. | 26 | 6,058 |
Security Description | Shares | Value |
LHC Group, Inc.(a) | 59 | $10,285 |
Life Storage, Inc. | 107 | 10,160 |
Ligand Pharmaceuticals, Inc.(a) | 164 | 18,343 |
Lincoln Electric Holdings, Inc. | 76 | 6,402 |
Littelfuse, Inc. | 29 | 4,948 |
LivaNova PLC(a) | 300 | 14,439 |
LiveRamp Holdings, Inc.(a) | 114 | 4,842 |
LogMeIn, Inc. | 55 | 4,662 |
Louisiana-Pacific Corp. | 150 | 3,847 |
Lumentum Holdings, Inc.(a) | 426 | 34,689 |
Macerich Co. | 104 | 933 |
Mack-Cali Realty Corp. | 70 | 1,070 |
Manhattan Associates, Inc.(a) | 55 | 5,181 |
ManpowerGroup, Inc. | 112 | 7,700 |
Marriott Vacations Worldwide Corp. | 29 | 2,384 |
Masimo Corp.(a) | 48 | 10,943 |
MasTec, Inc.(a) | 103 | 4,622 |
Mattel, Inc.(a) | 606 | 5,860 |
MAXIMUS, Inc. | 76 | 5,354 |
MDU Resources Group, Inc. | 248 | 5,501 |
Medical Properties Trust, Inc. | 794 | 14,927 |
MEDNAX, Inc.(a) | 529 | 9,046 |
Mercury General Corp. | 254 | 10,350 |
Mercury Systems, Inc.(a) | 36 | 2,832 |
Middleby Corp.(a) | 85 | 6,710 |
Minerals Technologies, Inc. | 65 | 3,050 |
MKS Instruments, Inc. | 154 | 17,439 |
Molina Healthcare, Inc.(a) | 54 | 9,611 |
Monolithic Power Systems, Inc. | 48 | 11,376 |
MSA Safety, Inc. | 68 | 7,782 |
MSC Industrial Direct Co., Inc., Class A | 28 | 2,039 |
Murphy Oil Corp. | 430 | 5,934 |
Murphy USA, Inc.(a) | 71 | 7,994 |
National Fuel Gas Co. | 111 | 4,654 |
National Instruments Corp. | 536 | 20,749 |
National Retail Properties, Inc. | 29 | 1,029 |
Navient Corp. | 658 | 4,626 |
NCR Corp.(a) | 833 | 14,428 |
Nektar Therapeutics(a) | 891 | 20,636 |
NetScout Systems, Inc.(a) | 614 | 15,694 |
New Jersey Resources Corp. | 150 | 4,897 |
New York Community Bancorp, Inc. | 137 | 1,397 |
New York Times Co., Class A | 190 | 7,986 |
NewMarket Corp. | 6 | 2,403 |
Nordson Corp. | 34 | 6,450 |
Nordstrom, Inc. | 633 | 9,805 |
NorthWestern Corp. | 138 | 7,524 |
Nu Skin Enterprises, Inc., Class A | 505 | 19,306 |
NuVasive, Inc.(a) | 240 | 13,358 |
nVent Electric PLC | 245 | 4,589 |
OGE Energy Corp. | 253 | 7,681 |
O-I Glass, Inc. | 205 | 1,841 |
Security Description | Shares | Value |
Old Republic International Corp. | 315 | $5,138 |
Olin Corp. | 167 | 1,919 |
Ollie's Bargain Outlet Holdings, Inc.(a) | 86 | 8,398 |
Omega Healthcare Investors, Inc. | 336 | 9,989 |
ONE Gas, Inc. | 60 | 4,623 |
Oshkosh Corp. | 72 | 5,157 |
Owens Corning | 49 | 2,732 |
PacWest Bancorp | 74 | 1,459 |
Papa John's International, Inc. | 99 | 7,862 |
Park Hotels & Resorts, Inc. | 131 | 1,296 |
Patterson Companies, Inc. | 120 | 2,640 |
Paylocity Holding Corp.(a) | 36 | 5,252 |
PBF Energy, Inc., Class A | 666 | 6,820 |
Pebblebrook Hotel Trust | 101 | 1,380 |
Penn National Gaming, Inc.(a) | 54 | 1,649 |
Penumbra, Inc.(a) | 13 | 2,325 |
Perspecta, Inc. | 410 | 9,524 |
Physicians Realty Trust | 65 | 1,139 |
Pilgrim's Pride Corp.(a) | 320 | 5,405 |
Pinnacle Financial Partners, Inc. | 36 | 1,512 |
PNM Resources, Inc. | 199 | 7,650 |
Polaris, Inc. | 62 | 5,738 |
PolyOne Corp. | 85 | 2,230 |
Pool Corp. | 8 | 2,175 |
Post Holdings, Inc.(a) | 91 | 7,973 |
PotlatchDeltic Corp. | 103 | 3,917 |
PRA Health Sciences, Inc.(a) | 87 | 8,464 |
Prestige Consumer Healthcare, Inc.(a) | 436 | 16,376 |
Primerica, Inc. | 91 | 10,611 |
Prosperity Bancshares, Inc. | 23 | 1,366 |
PS Business Parks, Inc. | 19 | 2,516 |
PTC, Inc.(a) | 275 | 21,392 |
Qualys, Inc.(a) | 45 | 4,681 |
Quidel Corp.(a) | 63 | 14,096 |
Rayonier, Inc. | 152 | 3,768 |
Regal Beloit Corp. | 38 | 3,318 |
Reinsurance Group of America, Inc. | 87 | 6,824 |
Reliance Steel & Aluminum Co. | 42 | 3,987 |
RenaissanceRe Holdings Ltd. | 43 | 7,354 |
Repligen Corp.(a) | 72 | 8,900 |
RH(a) | 24 | 5,974 |
RLI Corp. | 64 | 5,254 |
Royal Gold, Inc. | 33 | 4,103 |
RPM International, Inc. | 30 | 2,252 |
Ryder System, Inc. | 101 | 3,788 |
Sabra Health Care REIT, Inc. | 689 | 9,942 |
Sabre Corp. | 721 | 5,811 |
Sally Beauty Holdings, Inc.(a) | 276 | 3,458 |
Sanderson Farms, Inc. | 48 | 5,563 |
Science Applications International Corp. | 122 | 9,477 |
Scientific Games Corp., Class A(a) | 1,023 | 15,816 |
Scotts Miracle-Gro Co. | 140 | 18,826 |
Security Description | Shares | Value |
SEI Investments Co. | 157 | $8,632 |
Selective Insurance Group, Inc. | 102 | 5,379 |
Semtech Corp.(a) | 205 | 10,705 |
Sensient Technologies Corp. | 62 | 3,234 |
Service Corp. International/US | 102 | 3,967 |
Service Properties Trust | 151 | 1,071 |
Signature Bank | 13 | 1,390 |
Silgan Holdings, Inc. | 55 | 1,781 |
Silicon Laboratories, Inc.(a) | 107 | 10,729 |
Six Flags Entertainment Corp. | 108 | 2,075 |
Skechers USA, Inc., Class A(a) | 353 | 11,077 |
SLM Corp. | 638 | 4,485 |
SolarEdge Technologies, Inc.(a) | 34 | 4,718 |
Sonoco Products Co. | 52 | 2,719 |
Southwest Gas Holdings, Inc. | 69 | 4,764 |
Spire, Inc. | 69 | 4,534 |
Spirit Realty Capital, Inc. | 29 | 1,011 |
Sprouts Farmers Market, Inc.(a) | 683 | 17,478 |
Steel Dynamics, Inc. | 147 | 3,835 |
Stericycle, Inc.(a) | 82 | 4,590 |
Sterling Bancorp | 119 | 1,395 |
Stifel Financial Corp. | 211 | 10,008 |
STORE Capital Corp. | 44 | 1,048 |
Strategic Education, Inc. | 24 | 3,688 |
Synaptics, Inc.(a) | 167 | 10,040 |
Syneos Health, Inc.(a) | 159 | 9,262 |
SYNNEX Corp. | 20 | 2,395 |
Synovus Financial Corp. | 66 | 1,355 |
Taubman Centers, Inc. | 28 | 1,057 |
Taylor Morrison Home Corp.(a) | 410 | 7,909 |
TCF Financial Corp. | 169 | 4,972 |
TEGNA, Inc. | 682 | 7,597 |
Telephone and Data Systems, Inc. | 1,031 | 20,496 |
Tempur Sealy International, Inc.(a) | 88 | 6,332 |
Tenet Healthcare Corp.(a) | 436 | 7,896 |
Teradata Corp.(a) | 215 | 4,472 |
Teradyne, Inc. | 222 | 18,761 |
Terex Corp. | 291 | 5,462 |
Tetra Tech, Inc. | 106 | 8,387 |
Texas Capital Bancshares, Inc.(a) | 157 | 4,847 |
Texas Roadhouse, Inc. | 193 | 10,146 |
Thor Industries, Inc. | 55 | 5,859 |
Timken Co. | 60 | 2,729 |
Toll Brothers, Inc. | 241 | 7,854 |
Tootsie Roll Industries, Inc. | 338 | 11,583 |
TopBuild Corp.(a) | 18 | 2,048 |
Toro Co. | 118 | 7,828 |
Transocean Ltd.(a) | 3,429 | 6,275 |
TreeHouse Foods, Inc.(a) | 166 | 7,271 |
Trex Co., Inc.(a) | 51 | 6,634 |
Security Description | Shares | Value |
TRI Pointe Group, Inc.(a) | 558 | $8,197 |
Trimble, Inc.(a) | 189 | 8,163 |
Trinity Industries, Inc. | 235 | 5,003 |
TripAdvisor, Inc. | 295 | 5,608 |
Trustmark Corp. | 61 | 1,496 |
UGI Corp. | 151 | 4,802 |
UMB Financial Corp. | 38 | 1,959 |
Umpqua Holdings Corp. | 122 | 1,298 |
United Bankshares, Inc. | 53 | 1,466 |
United States Steel Corp. | 426 | 3,076 |
United Therapeutics Corp.(a) | 156 | 18,876 |
Univar Solutions, Inc.(a) | 118 | 1,989 |
Universal Display Corp. | 19 | 2,843 |
Urban Edge Properties | 91 | 1,080 |
Urban Outfitters, Inc.(a) | 640 | 9,741 |
Valley National Bancorp | 181 | 1,415 |
Valmont Industries, Inc. | 24 | 2,727 |
Valvoline, Inc. | 116 | 2,242 |
ViaSat, Inc.(a) | 515 | 19,761 |
Vishay Intertechnology, Inc. | 187 | 2,855 |
Visteon Corp.(a) | 54 | 3,699 |
Washington Federal, Inc. | 193 | 5,180 |
Watsco, Inc. | 11 | 1,955 |
Webster Financial Corp. | 170 | 4,864 |
Weingarten Realty Investors | 50 | 946 |
Wendy's Co. | 357 | 7,775 |
Werner Enterprises, Inc. | 143 | 6,225 |
WEX, Inc.(a) | 33 | 5,445 |
Williams-Sonoma, Inc. | 49 | 4,018 |
Wintrust Financial Corp. | 44 | 1,919 |
Woodward, Inc. | 40 | 3,102 |
World Fuel Services Corp. | 317 | 8,166 |
World Wrestling Entertainment, Inc., Class A | 177 | 7,691 |
Worthington Industries, Inc. | 78 | 2,909 |
WPX Energy, Inc.(a) | 919 | 5,863 |
WW International, Inc.(a) | 156 | 3,959 |
Wyndham Destinations, Inc. | 79 | 2,226 |
Wyndham Hotels & Resorts, Inc. | 34 | 1,449 |
XPO Logistics, Inc.(a) | 78 | 6,025 |
Yelp, Inc.(a) | 269 | 6,222 |
INVESTMENTS IN COMMON STOCK—99.7% (Cost $2,461,829) | 2,632,158 | |
OTHER ASSETS IN EXCESS OF LIABILITIES—0.3% | 8,267 | |
NET ASSETS—100.0% | $2,640,425 |
(a) | Non-income producing security. |
PLC=Public Limited Company |
REIT=Real Estate Investment Trust |
INDUSTRY | PERCENTAGE OF NET ASSETS |
Healthcare Providers and Facilities | 4.4% |
Commercial Hardware | 4.3 |
Branded Pharmaceuticals | 3.7 |
Semiconductor Services and Equipment | 3.1 |
Business Software for Specific Uses | 3.0 |
Production Equipment | 2.9 |
Transaction Services | 2.9 |
Investment Services | 2.4 |
Business Software for Specific Industries | 2.4 |
Telecommunication Networks | 2.3 |
Commercial Insurance | 2.3 |
Rental | 2.3 |
Consumer Insurance | 2.3 |
Internet Services and Websites | 2.2 |
Processed Foods | 2.2 |
Content Providers | 2.2 |
Operators and Developers | 2.2 |
Upstream Energy | 2.1 |
Real Estate Banking | 2.1 |
Mechanical Components | 2.1 |
Analog and Mixed Signal Integrated Circuits | 2.0 |
Restaurants | 2.0 |
Management and IT Services | 1.9 |
Midstream and Gas | 1.9 |
Home Office and Consumer Equipment Retail | 1.9 |
Information and Electrical Components | 1.8 |
Auto Products | 1.8 |
Distribution Services | 1.8 |
Electric Regulated | 1.7 |
Hospital Equipment | 1.7 |
Food Distributors | 1.7 |
Home Office and Consumer Equipment Manufacture | 1.7 |
Branded Apparel | 1.7 |
Medical Research Services and Equipment | 1.6 |
Medical Devices | 1.6 |
Transportation Services | 1.6 |
Personal Products | 1.5 |
Non Real Estate Banking | 1.5 |
Specialty Services | 1.5 |
Household Products | 1.5 |
Diversified Drugs and Devices | 1.4 |
Other Natural Resources | 1.2 |
Chemicals | 1.2 |
INDUSTRY | PERCENTAGE OF NET ASSETS |
Downstream Energy | 1.2% |
Apparel Retailers | 1.2 |
Metals | 1.1 |
Primary Foods | 0.9 |
Diversified Household and Personal Products | 0.7 |
Transport Aerospace and Defense Equipment | 0.5 |
Alcohol and Tobacco | 0.5 |
Accessories and Footwear | 0.4 |
Digital Integrated Circuits | 0.4 |
Capital Markets | 0.4 |
Healthcare Insurance | 0.4 |
Electric Competitive | 0.2 |
Consumer Services | 0.1 |
Healthcare Products Distribution | 0.1 |
Other Assets in Excess of Liabilities | 0.3 |
Total | 100.0% |
Security Description | Shares | Value |
COMMON STOCK—99.6% | ||
3D Systems Corp.(a) | 2,401 | $16,783 |
8x8, Inc.(a) | 2,259 | 36,144 |
AAON, Inc. | 174 | 9,446 |
AAR Corp. | 334 | 6,904 |
Abercrombie & Fitch Co., Class A | 930 | 9,895 |
ABM Industries, Inc. | 860 | 31,218 |
Acadia Realty Trust, REIT | 455 | 5,906 |
Addus HomeCare Corp.(a) | 133 | 12,310 |
ADTRAN, Inc. | 2,758 | 30,145 |
Advanced Energy Industries, Inc.(a) | 563 | 38,166 |
AdvanSix, Inc.(a) | 313 | 3,675 |
Aegion Corp.(a) | 493 | 7,824 |
Aerojet Rocketdyne Holdings, Inc.(a) | 222 | 8,800 |
AeroVironment, Inc.(a) | 313 | 24,924 |
Agilysys, Inc.(a) | 1,590 | 28,525 |
Agree Realty Corp., REIT | 97 | 6,374 |
Alamo Group, Inc. | 172 | 17,654 |
Alarm.com Holdings, Inc.(a) | 556 | 36,034 |
Albany International Corp., Class A | 168 | 9,863 |
Alexander & Baldwin, Inc. | 501 | 6,107 |
Allegiance Bancshares, Inc. | 129 | 3,275 |
Allegiant Travel Co. | 428 | 46,742 |
Allscripts Healthcare Solutions, Inc.(a) | 5,302 | 35,895 |
AMAG Pharmaceuticals, Inc.(a) | 9,081 | 69,470 |
Ambac Financial Group, Inc.(a) | 2,152 | 30,817 |
American Assets Trust, Inc., REIT | 231 | 6,431 |
American Axle & Manufacturing Holdings, Inc.(a) | 3,108 | 23,621 |
American Equity Investment Life Holding Co. | 1,820 | 44,972 |
American Public Education, Inc.(a) | 1,210 | 35,816 |
American States Water Co. | 474 | 37,271 |
American Vanguard Corp. | 1,470 | 20,227 |
American Woodmark Corp.(a) | 139 | 10,515 |
America's Car-Mart, Inc.(a) | 236 | 20,737 |
Ameris Bancorp | 1,509 | 35,597 |
AMERISAFE, Inc. | 527 | 32,231 |
AMN Healthcare Services, Inc.(a) | 130 | 5,881 |
Amphastar Pharmaceuticals, Inc.(a) | 3,293 | 73,961 |
Andersons, Inc. | 1,505 | 20,709 |
AngioDynamics, Inc.(a) | 617 | 6,275 |
ANI Pharmaceuticals, Inc.(a) | 1,030 | 33,310 |
Anika Therapeutics, Inc.(a) | 292 | 11,017 |
Apogee Enterprises, Inc. | 407 | 9,377 |
Apollo Commercial Real Estate Finance, Inc., REIT | 328 | 3,218 |
Applied Industrial Technologies, Inc. | 131 | 8,173 |
Applied Optoelectronics, Inc.(a) | 2,744 | 29,827 |
ArcBest Corp. | 586 | 15,535 |
Archrock, Inc. | 1,195 | 7,756 |
Arconic Corp.(a) | 800 | 11,144 |
Arcosa, Inc. | 229 | 9,664 |
Security Description | Shares | Value |
Arlo Technologies, Inc.(a) | 4,012 | $10,351 |
Armada Hoffler Properties, Inc., REIT | 726 | 7,224 |
ARMOUR Residential REIT, Inc. | 1,360 | 12,770 |
Asbury Automotive Group, Inc.(a) | 272 | 21,034 |
Astec Industries, Inc. | 402 | 18,617 |
Atlas Air Worldwide Holdings, Inc.(a) | 276 | 11,876 |
ATN International, Inc. | 484 | 29,316 |
Avista Corp. | 1,988 | 72,343 |
Axcelis Technologies, Inc.(a) | 313 | 8,717 |
Axos Financial, Inc.(a) | 300 | 6,624 |
AZZ, Inc. | 408 | 14,003 |
B&G Foods, Inc. | 520 | 12,678 |
Badger Meter, Inc. | 236 | 14,849 |
Balchem Corp. | 66 | 6,261 |
Banc of California, Inc. | 601 | 6,509 |
Banner Corp. | 85 | 3,230 |
Barnes & Noble Education, Inc.(a) | 17,270 | 27,632 |
Barnes Group, Inc. | 184 | 7,279 |
Bed Bath & Beyond, Inc. | 2,985 | 31,641 |
Bel Fuse, Inc., Class B | 3,802 | 40,795 |
Benchmark Electronics, Inc. | 1,017 | 21,967 |
Berkshire Hills Bancorp, Inc. | 3,201 | 35,275 |
Big Lots, Inc. | 721 | 30,282 |
BioTelemetry, Inc.(a) | 261 | 11,795 |
BJ's Restaurants, Inc. | 685 | 14,344 |
Bloomin' Brands, Inc. | 1,328 | 14,156 |
Blucora, Inc.(a) | 3,192 | 36,453 |
Boise Cascade Co. | 493 | 18,542 |
Bonanza Creek Energy, Inc.(a) | 498 | 7,380 |
Boot Barn Holdings, Inc.(a) | 630 | 13,583 |
Boston Private Financial Holdings, Inc. | 956 | 6,577 |
Bottomline Technologies DE, Inc.(a) | 650 | 33,000 |
Brady Corp., Class A | 303 | 14,186 |
Brandywine Realty Trust, REIT | 582 | 6,338 |
Brightsphere Investment Group(a) | 4,545 | 56,631 |
Brinker International, Inc. | 85 | 2,040 |
Bristow Group, Inc.(a) | 453 | 6,310 |
Brookline Bancorp, Inc. | 341 | 3,437 |
Brooks Automation, Inc. | 203 | 8,981 |
Buckle, Inc. | 1,534 | 24,053 |
Cadence BanCorp | 1,656 | 14,672 |
CalAmp Corp.(a) | 3,778 | 30,262 |
Calavo Growers, Inc. | 360 | 22,648 |
Caleres, Inc. | 1,877 | 15,654 |
California Water Service Group | 789 | 37,635 |
Callaway Golf Co. | 1,835 | 32,131 |
Callon Petroleum Co.(a) | 6,405 | 7,366 |
Cal-Maine Foods, Inc.(a) | 494 | 21,973 |
Capri Holdings Ltd.(a) | 1,405 | 21,960 |
Capstead Mortgage Corp., REIT | 2,159 | 11,853 |
Cardiovascular Systems, Inc.(a) | 185 | 5,837 |
Cardtronics PLC, Class A(a) | 2,046 | 49,063 |
Security Description | Shares | Value |
CareTrust REIT, Inc. | 2,576 | $44,204 |
Cato Corp., Class A | 1,192 | 9,751 |
Cavco Industries, Inc.(a) | 130 | 25,070 |
Cedar Realty Trust, Inc., REIT | 5,242 | 5,190 |
Central Garden & Pet Co.(a) | 716 | 25,769 |
Central Garden & Pet Co., Class A(a) | 761 | 25,714 |
Central Pacific Financial Corp. | 385 | 6,172 |
Century Aluminum Co.(a) | 1,968 | 14,032 |
Century Communities, Inc.(a) | 807 | 24,743 |
CEVA, Inc.(a) | 1,471 | 55,045 |
Chart Industries, Inc.(a) | 288 | 13,965 |
Chatham Lodging Trust, REIT | 1,887 | 11,548 |
Cheesecake Factory, Inc. | 641 | 14,692 |
Chefs' Warehouse, Inc.(a) | 2,255 | 30,623 |
Chico's FAS, Inc. | 6,955 | 9,598 |
Children's Place, Inc. | 220 | 8,232 |
Chuy's Holdings, Inc.(a) | 989 | 14,716 |
Cincinnati Bell, Inc.(a) | 1,967 | 29,210 |
CIRCOR International, Inc.(a) | 570 | 14,524 |
City Holding Co. | 104 | 6,778 |
Clearwater Paper Corp.(a) | 2,123 | 76,704 |
Cleveland-Cliffs, Inc. | 2,087 | 11,520 |
Coca-Cola Consolidated, Inc. | 52 | 11,918 |
Cogent Communications Holdings, Inc. | 973 | 75,271 |
Coherus Biosciences, Inc.(a) | 2,005 | 35,809 |
Cohu, Inc. | 1,032 | 17,895 |
Columbia Banking System, Inc. | 121 | 3,430 |
Comfort Systems USA, Inc. | 721 | 29,381 |
Community Bank System, Inc. | 321 | 18,303 |
Community Health Systems, Inc.(a) | 11,930 | 35,909 |
Community Healthcare Trust, Inc., REIT | 1,219 | 49,857 |
Computer Programs and Systems, Inc. | 1,081 | 24,636 |
Comtech Telecommunications Corp. | 2,144 | 36,212 |
CONMED Corp. | 343 | 24,693 |
Conn's, Inc.(a) | 2,835 | 28,605 |
CONSOL Energy, Inc.(a) | 1,865 | 9,456 |
Consolidated Communications Holdings, Inc.(a) | 11,459 | 77,577 |
Cooper Tire & Rubber Co. | 462 | 12,756 |
Cooper-Standard Holdings, Inc.(a) | 764 | 10,123 |
Corcept Therapeutics, Inc.(a) | 662 | 11,135 |
Core Laboratories N.V. | 304 | 6,177 |
Core-Mark Holding Co., Inc. | 1,417 | 35,361 |
CorVel Corp.(a) | 478 | 33,885 |
Covetrus, Inc.(a) | 4,364 | 78,072 |
Crocs, Inc.(a) | 789 | 29,051 |
Cross Country Healthcare, Inc.(a) | 1,060 | 6,530 |
CryoLife, Inc.(a) | 267 | 5,118 |
CSG Systems International, Inc. | 543 | 22,475 |
CTS Corp. | 899 | 18,016 |
Cubic Corp. | 480 | 23,054 |
Customers Bancorp, Inc.(a) | 270 | 3,245 |
Security Description | Shares | Value |
Cutera, Inc.(a) | 1,815 | $22,089 |
CVB Financial Corp. | 174 | 3,261 |
Cytokinetics, Inc.(a) | 1,508 | 35,544 |
Daktronics, Inc. | 5,939 | 25,835 |
Dave & Buster's Entertainment, Inc. | 2,185 | 29,126 |
Denbury Resources, Inc.(a) | 21,025 | 5,805 |
Designer Brands, Inc., Class A | 2,078 | 14,068 |
DiamondRock Hospitality Co., REIT | 1,074 | 5,939 |
Diebold Nixdorf, Inc.(a) | 13,285 | 80,507 |
Digi International, Inc.(a) | 2,662 | 31,012 |
Dime Community Bancshares, Inc. | 461 | 6,330 |
Dine Brands Global, Inc. | 315 | 13,261 |
Diodes, Inc.(a) | 1,016 | 51,511 |
Diversified Healthcare Trust, REIT | 10,734 | 47,498 |
DMC Global, Inc. | 238 | 6,569 |
Donnelley Financial Solutions, Inc.(a) | 4,865 | 40,866 |
Dorian LPG Ltd.(a) | 4,505 | 34,869 |
Dorman Products, Inc.(a) | 177 | 11,871 |
Dril-Quip, Inc.(a) | 233 | 6,941 |
DSP Group, Inc.(a) | 2,901 | 46,068 |
DXP Enterprises, Inc.(a) | 402 | 8,004 |
Eagle Bancorp, Inc. | 101 | 3,308 |
Eagle Pharmaceuticals, Inc.(a) | 223 | 10,700 |
Easterly Government Properties, Inc., REIT | 289 | 6,682 |
Ebix, Inc. | 1,334 | 29,828 |
Echo Global Logistics, Inc.(a) | 528 | 11,415 |
eHealth, Inc.(a) | 688 | 67,589 |
El Paso Electric Co. | 1,081 | 72,427 |
El Pollo Loco Holdings, Inc.(a) | 1,885 | 27,823 |
Emergent BioSolutions, Inc.(a) | 937 | 74,098 |
Employers Holdings, Inc. | 1,111 | 33,497 |
Enanta Pharmaceuticals, Inc.(a) | 199 | 9,992 |
Encore Capital Group, Inc.(a) | 508 | 17,363 |
Encore Wire Corp. | 514 | 25,093 |
Endo International PLC(a) | 9,399 | 32,239 |
Enerpac Tool Group Corp. | 524 | 9,222 |
Enova International, Inc.(a) | 1,173 | 17,442 |
EnPro Industries, Inc. | 161 | 7,936 |
Ensign Group, Inc. | 288 | 12,053 |
ePlus, Inc.(a) | 345 | 24,385 |
ESCO Technologies, Inc. | 178 | 15,046 |
Essential Properties Realty Trust, Inc., REIT | 403 | 5,981 |
Ethan Allen Interiors, Inc. | 1,195 | 14,137 |
EVERTEC, Inc. | 837 | 23,520 |
EW Scripps Co., Class A | 3,370 | 29,487 |
ExlService Holdings, Inc.(a) | 490 | 31,066 |
Exponent, Inc. | 134 | 10,845 |
Express, Inc.(a) | 5,314 | 8,184 |
Exterran Corp.(a) | 1,162 | 6,263 |
Extreme Networks, Inc.(a) | 8,060 | 34,980 |
EZCORP, Inc., Class A(a) | 2,869 | 18,075 |
Fabrinet(a) | 353 | 22,034 |
Security Description | Shares | Value |
FARO Technologies, Inc.(a) | 593 | $31,785 |
Federal Signal Corp. | 746 | 22,179 |
Ferro Corp.(a) | 340 | 4,060 |
Fiesta Restaurant Group, Inc.(a) | 3,864 | 24,652 |
First BanCorp | 578 | 3,231 |
First Commonwealth Financial Corp. | 795 | 6,583 |
First Financial Bancorp | 234 | 3,250 |
First Midwest Bancorp, Inc. | 1,085 | 14,485 |
Flagstar Bancorp, Inc. | 228 | 6,710 |
FormFactor, Inc.(a) | 640 | 18,771 |
Forrester Research, Inc.(a) | 378 | 12,111 |
Forward Air Corp. | 226 | 11,259 |
Fossil Group, Inc.(a) | 3,818 | 17,754 |
Foundation Building Materials, Inc.(a) | 532 | 8,305 |
Four Corners Property Trust, Inc., REIT | 279 | 6,808 |
Fox Factory Holding Corp.(a) | 147 | 12,144 |
Franklin Electric Co., Inc. | 239 | 12,552 |
Franklin Financial Network, Inc. | 130 | 3,347 |
Franklin Street Properties Corp., REIT | 3,007 | 15,306 |
Fresh Del Monte Produce, Inc. | 874 | 21,518 |
FutureFuel Corp. | 3,951 | 47,214 |
GameStop Corp., Class A(a) | 6,147 | 26,678 |
Gannett Co., Inc. | 11,970 | 16,519 |
Garrett Motion, Inc.(a) | 4,162 | 23,057 |
GCP Applied Technologies, Inc.(a) | 250 | 4,645 |
Genesco, Inc.(a) | 656 | 14,209 |
Gentherm, Inc.(a) | 452 | 17,583 |
Geospace Technologies Corp.(a) | 999 | 7,512 |
Getty Realty Corp., REIT | 219 | 6,500 |
Gibraltar Industries, Inc.(a) | 164 | 7,874 |
G-III Apparel Group Ltd.(a) | 1,260 | 16,745 |
Glaukos Corp.(a) | 834 | 32,042 |
Global Net Lease, Inc., REIT | 1,040 | 17,399 |
Glu Mobile, Inc.(a) | 3,434 | 31,833 |
GMS, Inc.(a) | 351 | 8,631 |
Granite Construction, Inc. | 1,564 | 29,935 |
Granite Point Mortgage Trust, Inc., REIT | 1,730 | 12,421 |
Great Western Bancorp, Inc. | 429 | 5,903 |
Green Dot Corp., Class A(a) | 657 | 32,246 |
Green Plains, Inc. | 2,271 | 23,198 |
Greenbrier Companies, Inc. | 761 | 17,313 |
Greenhill & Co., Inc. | 916 | 9,151 |
Griffon Corp. | 1,693 | 31,354 |
Group 1 Automotive, Inc. | 314 | 20,715 |
Guess?, Inc. | 1,060 | 10,250 |
Gulfport Energy Corp.(a) | 5,314 | 5,792 |
Hanger, Inc.(a) | 2,195 | 36,349 |
Hanmi Financial Corp. | 328 | 3,185 |
Harmonic, Inc.(a) | 5,803 | 27,564 |
Harsco Corp.(a) | 593 | 8,011 |
Haverty Furniture Companies, Inc. | 2,866 | 45,856 |
Hawaiian Holdings, Inc. | 2,985 | 41,909 |
Security Description | Shares | Value |
Hawkins, Inc. | 232 | $9,879 |
Haynes International, Inc. | 582 | 13,596 |
HB Fuller Co. | 101 | 4,505 |
HCI Group, Inc. | 923 | 42,624 |
HealthStream, Inc.(a) | 1,493 | 33,040 |
Heartland Express, Inc. | 683 | 14,220 |
Heidrick & Struggles International, Inc. | 289 | 6,248 |
Helix Energy Solutions Group, Inc.(a) | 1,756 | 6,093 |
Helmerich & Payne, Inc. | 323 | 6,302 |
Heritage Financial Corp. | 180 | 3,600 |
Hersha Hospitality Trust, REIT | 1,985 | 11,434 |
Heska Corp.(a) | 138 | 12,857 |
Hibbett Sports, Inc.(a) | 1,192 | 24,960 |
Hillenbrand, Inc. | 664 | 17,974 |
HMS Holdings Corp.(a) | 784 | 25,394 |
HomeStreet, Inc. | 1,019 | 25,078 |
Hope Bancorp, Inc. | 349 | 3,218 |
Horace Mann Educators Corp. | 1,140 | 41,872 |
Hub Group, Inc., Class A(a) | 236 | 11,295 |
Ichor Holdings Ltd.(a) | 358 | 9,516 |
Independence Realty Trust, Inc., REIT | 612 | 7,032 |
Independent Bank Corp. | 49 | 3,287 |
Independent Bank Group, Inc. | 248 | 10,049 |
Industrial Logistics Properties Trust, REIT | 346 | 7,110 |
Innospec, Inc. | 60 | 4,635 |
Innovative Industrial Properties, Inc., REIT | 77 | 6,778 |
Innoviva, Inc.(a) | 733 | 10,247 |
Inogen, Inc.(a) | 981 | 34,845 |
Insight Enterprises, Inc.(a) | 158 | 7,774 |
Installed Building Products, Inc.(a) | 134 | 9,217 |
Insteel Industries, Inc. | 1,431 | 27,289 |
Integer Holdings Corp.(a) | 83 | 6,063 |
Inter Parfums, Inc. | 1,591 | 76,607 |
Interface, Inc. | 868 | 7,066 |
Invacare Corp. | 4,672 | 29,761 |
Invesco Mortgage Capital, Inc., REIT | 1,335 | 4,993 |
Investors Real Estate Trust, REIT | 96 | 6,767 |
Iridium Communications, Inc.(a) | 1,129 | 28,722 |
iRobot Corp.(a) | 193 | 16,193 |
iStar, Inc., REIT | 1,252 | 15,425 |
Itron, Inc.(a) | 221 | 14,641 |
J & J Snack Foods Corp. | 191 | 24,282 |
James River Group Holdings Ltd. | 771 | 34,695 |
John B Sanfilippo & Son, Inc. | 294 | 25,087 |
John Bean Technologies Corp. | 226 | 19,441 |
Kaiser Aluminum Corp. | 99 | 7,288 |
Kaman Corp. | 188 | 7,821 |
Kelly Services, Inc., Class A | 417 | 6,595 |
Kinsale Capital Group, Inc. | 212 | 32,905 |
Kite Realty Group Trust, REIT | 536 | 6,185 |
KKR Real Estate Finance Trust, Inc., REIT | 191 | 3,167 |
Knowles Corp.(a) | 2,332 | 35,586 |
Security Description | Shares | Value |
Kontoor Brands, Inc.(a) | 957 | $17,044 |
Koppers Holdings, Inc.(a) | 525 | 9,891 |
Korn Ferry | 205 | 6,300 |
Kraton Corp.(a) | 567 | 9,798 |
Kulicke & Soffa Industries, Inc. | 361 | 7,520 |
Lannett Co., Inc.(a) | 4,441 | 32,242 |
Lantheus Holdings, Inc.(a) | 929 | 13,285 |
Laredo Petroleum, Inc.(a) | 519 | 7,193 |
La-Z-Boy, Inc. | 536 | 14,504 |
LCI Industries | 109 | 12,533 |
LeMaitre Vascular, Inc. | 246 | 6,494 |
Lexington Realty Trust, REIT | 1,574 | 16,606 |
LGI Homes, Inc.(a) | 284 | 25,001 |
Lindsay Corp. | 195 | 17,981 |
Liquidity Services, Inc.(a) | 12,637 | 75,317 |
Lithia Motors, Inc., Class A | 162 | 24,515 |
Livent Corp.(a) | 589 | 3,628 |
LivePerson, Inc.(a) | 978 | 40,519 |
LTC Properties, Inc., REIT | 321 | 12,092 |
Lumber Liquidators Holdings, Inc.(a) | 4,364 | 60,485 |
Luminex Corp. | 3,273 | 106,471 |
Lydall, Inc.(a) | 1,290 | 17,492 |
M/I Homes, Inc.(a) | 706 | 24,315 |
Macy's, Inc. | 3,312 | 22,787 |
Magellan Health, Inc.(a) | 524 | 38,242 |
ManTech International Corp., Class A | 344 | 23,561 |
Marcus & Millichap, Inc.(a) | 1,109 | 32,006 |
Marcus Corp. | 1,889 | 25,067 |
MarineMax, Inc.(a) | 1,019 | 22,815 |
Marten Transport Ltd. | 570 | 14,341 |
Matador Resources Co.(a) | 1,011 | 8,593 |
Materion Corp. | 240 | 14,758 |
Matrix Service Co.(a) | 720 | 6,998 |
Matson, Inc. | 458 | 13,328 |
Matthews International Corp., Class A | 750 | 14,325 |
MaxLinear, Inc.(a) | 2,559 | 54,916 |
MDC Holdings, Inc. | 732 | 26,132 |
Medifast, Inc. | 337 | 46,765 |
Medpace Holdings, Inc.(a) | 1,144 | 106,415 |
Mercer International, Inc. | 1,149 | 9,376 |
Meredith Corp. | 1,491 | 21,694 |
Meridian Bioscience, Inc.(a) | 716 | 16,676 |
Merit Medical Systems, Inc.(a) | 144 | 6,574 |
Meritage Homes Corp.(a) | 344 | 26,185 |
Meritor, Inc.(a) | 454 | 8,989 |
Mesa Laboratories, Inc. | 54 | 11,707 |
Meta Financial Group, Inc. | 981 | 17,825 |
Methode Electronics, Inc. | 554 | 17,318 |
MGP Ingredients, Inc. | 1,391 | 51,057 |
Michaels Companies, Inc.(a) | 4,364 | 30,853 |
MicroStrategy, Inc., Class A(a) | 273 | 32,293 |
Momenta Pharmaceuticals, Inc.(a) | 1,038 | 34,534 |
Security Description | Shares | Value |
Monarch Casino & Resort, Inc.(a) | 1,007 | $34,319 |
Monro, Inc. | 365 | 20,053 |
Moog, Inc., Class A | 165 | 8,742 |
Motorcar Parts of America, Inc.(a) | 2,282 | 40,323 |
Movado Group, Inc. | 1,416 | 15,349 |
MTS Systems Corp. | 780 | 13,720 |
Mueller Industries, Inc. | 491 | 13,051 |
Myers Industries, Inc. | 531 | 7,726 |
MYR Group, Inc.(a) | 256 | 8,169 |
Myriad Genetics, Inc.(a) | 1,510 | 17,123 |
Nabors Industries Ltd. | 139 | 5,146 |
National Bank Holdings Corp., Class A | 544 | 14,688 |
National Beverage Corp.(a) | 212 | 12,936 |
National Presto Industries, Inc. | 250 | 21,847 |
National Storage Affiliates Trust, REIT | 535 | 15,333 |
Natus Medical, Inc.(a) | 550 | 12,001 |
NBT Bancorp, Inc. | 213 | 6,552 |
Neenah, Inc. | 190 | 9,397 |
Neogen Corp.(a) | 264 | 20,486 |
NeoGenomics, Inc.(a) | 447 | 13,848 |
NETGEAR, Inc.(a) | 1,512 | 39,146 |
New York Mortgage Trust, Inc., REIT | 2,397 | 6,256 |
Newpark Resources, Inc.(a) | 3,140 | 7,002 |
NexPoint Residential Trust, Inc., REIT | 199 | 7,035 |
NextGen Healthcare, Inc.(a) | 3,173 | 34,840 |
NIC, Inc. | 1,363 | 31,294 |
NMI Holdings, Inc., Class A(a) | 1,896 | 30,488 |
Northfield Bancorp, Inc. | 299 | 3,444 |
Northwest Bancshares, Inc. | 637 | 6,513 |
Northwest Natural Holding Co. | 635 | 35,427 |
NOW, Inc.(a) | 924 | 7,974 |
Oasis Petroleum, Inc.(a) | 8,196 | 6,147 |
Oceaneering International, Inc.(a) | 1,038 | 6,633 |
Office Depot, Inc. | 9,595 | 22,548 |
Office Properties Income Trust, REIT | 247 | 6,415 |
OFG Bancorp | 1,159 | 15,496 |
Oil States International, Inc.(a) | 1,379 | 6,550 |
Old National Bancorp | 233 | 3,206 |
Olympic Steel, Inc. | 1,168 | 13,724 |
Omnicell, Inc.(a) | 502 | 35,451 |
OneSpan, Inc.(a) | 3,282 | 91,666 |
Onto Innovation, Inc.(a) | 481 | 16,373 |
OraSure Technologies, Inc.(a) | 1,167 | 13,572 |
Orthofix Medical, Inc.(a) | 931 | 29,792 |
OSI Systems, Inc.(a) | 197 | 14,704 |
Owens & Minor, Inc. | 829 | 6,317 |
Oxford Industries, Inc. | 225 | 9,902 |
P H Glatfelter Co. | 622 | 9,983 |
Pacific Premier Bancorp, Inc. | 157 | 3,404 |
Pacira BioSciences, Inc.(a) | 227 | 11,911 |
Palomar Holdings, Inc.(a) | 531 | 45,539 |
Par Pacific Holdings, Inc.(a) | 5,343 | 48,034 |
Security Description | Shares | Value |
Park Aerospace Corp. | 396 | $4,411 |
Patrick Industries, Inc. | 220 | 13,475 |
Patterson-UTI Energy, Inc. | 1,626 | 5,642 |
PC Connection, Inc. | 177 | 8,206 |
PDC Energy, Inc.(a) | 629 | 7,825 |
PDF Solutions, Inc.(a) | 1,287 | 25,174 |
Penn Virginia Corp.(a) | 767 | 7,310 |
Pennant Group, Inc.(a) | 490 | 11,074 |
Pennsylvania Real Estate Investment Trust, REIT | 4,270 | 5,807 |
PennyMac Mortgage Investment Trust, REIT | 730 | 12,797 |
Perdoceo Education Corp.(a) | 2,288 | 36,448 |
Perficient, Inc.(a) | 704 | 25,189 |
PetMed Express, Inc. | 2,142 | 76,341 |
PGT Innovations, Inc.(a) | 621 | 9,737 |
Phibro Animal Health Corp., Class A | 1,261 | 33,126 |
Photronics, Inc.(a) | 715 | 7,958 |
Piper Sandler Companies | 151 | 8,933 |
Pitney Bowes, Inc. | 6,307 | 16,398 |
Plantronics, Inc. | 2,737 | 40,179 |
Plexus Corp.(a) | 1,167 | 82,344 |
Powell Industries, Inc. | 342 | 9,367 |
Power Integrations, Inc. | 433 | 51,150 |
PRA Group, Inc.(a) | 496 | 19,175 |
Preferred Bank | 82 | 3,514 |
PriceSmart, Inc. | 653 | 39,395 |
ProAssurance Corp. | 2,272 | 32,876 |
Progress Software Corp. | 838 | 32,472 |
ProPetro Holding Corp.(a) | 1,215 | 6,245 |
Proto Labs, Inc.(a) | 246 | 27,668 |
Providence Service Corp.(a) | 237 | 18,702 |
Provident Financial Services, Inc. | 244 | 3,526 |
QEP Resources, Inc. | 5,689 | 7,339 |
Quaker Chemical Corp. | 52 | 9,654 |
Quanex Building Products Corp. | 703 | 9,758 |
QuinStreet, Inc.(a) | 1,143 | 11,956 |
RadNet, Inc.(a) | 1,133 | 17,981 |
Rambus, Inc.(a) | 3,272 | 49,734 |
Range Resources Corp. | 1,495 | 8,417 |
Raven Industries, Inc. | 199 | 4,280 |
Rayonier Advanced Materials, Inc. | 2,361 | 6,634 |
RE/MAX Holdings, Inc., Class A | 1,012 | 31,807 |
Ready Capital Corp., REIT | 385 | 3,346 |
Realogy Holdings Corp. | 4,293 | 31,811 |
Red Robin Gourmet Burgers, Inc.(a) | 1,264 | 12,893 |
Redwood Trust, Inc., REIT | 892 | 6,244 |
REGENXBIO, Inc.(a) | 917 | 33,773 |
Regis Corp.(a) | 2,645 | 21,636 |
Renewable Energy Group, Inc.(a) | 1,765 | 43,737 |
Rent-A-Center, Inc. | 971 | 27,013 |
Resideo Technologies, Inc.(a) | 954 | 11,181 |
Resources Connection, Inc. | 861 | 10,306 |
Security Description | Shares | Value |
Retail Opportunity Investments Corp., REIT | 561 | $6,356 |
Retail Properties of America, Inc., REIT, Class A | 1,222 | 8,945 |
REX American Resources Corp.(a) | 310 | 21,505 |
Ring Energy, Inc.(a) | 6,405 | 7,430 |
Rogers Corp.(a) | 37 | 4,610 |
RPC, Inc. | 2,067 | 6,366 |
RPT Realty, REIT | 876 | 6,097 |
RR Donnelley & Sons Co. | 21,251 | 25,289 |
Ruth's Hospitality Group, Inc. | 1,614 | 13,170 |
S&T Bancorp, Inc. | 142 | 3,330 |
Safehold, Inc., REIT | 113 | 6,496 |
Safety Insurance Group, Inc. | 547 | 41,714 |
Saia, Inc.(a) | 104 | 11,563 |
Sanmina Corp.(a) | 2,841 | 71,139 |
Saul Centers, Inc., REIT | 187 | 6,034 |
ScanSource, Inc.(a) | 325 | 7,829 |
Scholastic Corp. | 824 | 24,671 |
Schweitzer-Mauduit International, Inc. | 318 | 10,624 |
Seacoast Banking Corp. of Florida(a) | 154 | 3,142 |
SEACOR Holdings, Inc.(a) | 1,217 | 34,465 |
Select Medical Holdings Corp.(a) | 2,309 | 34,012 |
Seneca Foods Corp., Class A(a) | 654 | 22,112 |
ServisFirst Bancshares, Inc. | 94 | 3,361 |
Shake Shack, Inc., Class A(a) | 498 | 26,384 |
Shenandoah Telecommunications Co. | 565 | 27,849 |
Shoe Carnival, Inc. | 566 | 16,567 |
Shutterstock, Inc. | 2,050 | 71,688 |
Signet Jewelers Ltd. | 2,136 | 21,937 |
Simmons First National Corp., Class A | 197 | 3,371 |
Simpson Manufacturing Co., Inc. | 203 | 17,125 |
Simulations Plus, Inc. | 661 | 39,541 |
SITE Centers Corp., REIT | 809 | 6,553 |
SkyWest, Inc. | 1,399 | 45,635 |
Sleep Number Corp.(a) | 379 | 15,782 |
SM Energy Co. | 2,089 | 7,834 |
SMART Global Holdings, Inc.(a) | 1,855 | 50,419 |
Sonic Automotive, Inc., Class A | 720 | 22,975 |
South Jersey Industries, Inc. | 1,447 | 36,161 |
Southside Bancshares, Inc. | 117 | 3,243 |
Southwestern Energy Co.(a) | 2,913 | 7,457 |
SpartanNash Co. | 1,958 | 41,607 |
Spectrum Pharmaceuticals, Inc.(a) | 3,442 | 11,634 |
Spok Holdings, Inc. | 2,967 | 27,741 |
SPS Commerce, Inc.(a) | 476 | 35,757 |
SPX Corp.(a) | 618 | 25,431 |
SPX FLOW, Inc.(a) | 359 | 13,441 |
St Joe Co.(a) | 735 | 14,274 |
Stamps.com, Inc.(a) | 46 | 8,450 |
Standard Motor Products, Inc. | 600 | 24,720 |
Standex International Corp. | 532 | 30,617 |
Stepan Co. | 64 | 6,214 |
Security Description | Shares | Value |
Steven Madden Ltd. | 1,030 | $25,431 |
Stewart Information Services Corp. | 1,515 | 49,253 |
StoneX Group, Inc.(a) | 816 | 44,880 |
Sturm Ruger & Co., Inc. | 423 | 32,148 |
Summit Hotel Properties, Inc., REIT | 1,995 | 11,830 |
SunCoke Energy, Inc. | 4,174 | 12,355 |
Sunrun, Inc.(a) | 4,046 | 79,787 |
Supernus Pharmaceuticals, Inc.(a) | 424 | 10,070 |
Surmodics, Inc.(a) | 153 | 6,616 |
Sykes Enterprises, Inc.(a) | 224 | 6,196 |
Tabula Rasa HealthCare, Inc.(a) | 606 | 33,166 |
Tactile Systems Technology, Inc.(a) | 791 | 32,771 |
Talos Energy, Inc.(a) | 753 | 6,928 |
Tanger Factory Outlet Centers, Inc., REIT | 835 | 5,954 |
Team, Inc.(a) | 1,685 | 9,385 |
TechTarget, Inc.(a) | 411 | 12,342 |
Tennant Co. | 277 | 18,008 |
Third Point Reinsurance Ltd.(a) | 4,276 | 32,113 |
TimkenSteel Corp.(a) | 3,443 | 13,393 |
Titan International, Inc. | 4,591 | 6,703 |
Tivity Health, Inc.(a) | 1,190 | 13,483 |
Tompkins Financial Corp. | 51 | 3,303 |
Tredegar Corp. | 262 | 4,035 |
Trinseo S.A. | 186 | 4,122 |
Triumph Bancorp, Inc.(a) | 613 | 14,877 |
Triumph Group, Inc. | 665 | 5,992 |
TrueBlue, Inc.(a) | 403 | 6,154 |
TrustCo Bank Corp. NY | 1,037 | 6,564 |
TTEC Holdings, Inc. | 141 | 6,565 |
TTM Technologies, Inc.(a) | 3,215 | 38,130 |
Tupperware Brands Corp. | 6,045 | 28,714 |
UFP Industries, Inc. | 358 | 17,725 |
Ultra Clean Holdings, Inc.(a) | 389 | 8,803 |
Unifi, Inc.(a) | 298 | 3,838 |
UniFirst Corp. | 161 | 28,811 |
Unisys Corp.(a) | 2,167 | 23,642 |
United Community Banks, Inc. | 164 | 3,300 |
United Fire Group, Inc. | 1,172 | 32,476 |
United Insurance Holdings Corp. | 5,425 | 42,423 |
United Natural Foods, Inc.(a) | 2,349 | 42,775 |
Uniti Group, Inc., REIT | 801 | 7,489 |
Universal Corp. | 1,133 | 48,164 |
Universal Electronics, Inc.(a) | 651 | 30,480 |
Universal Health Realty Income Trust, REIT | 76 | 6,041 |
Universal Insurance Holdings, Inc. | 2,271 | 40,310 |
Urstadt Biddle Properties, Inc., REIT, Class A | 496 | 5,892 |
US Concrete, Inc.(a) | 1,051 | 26,065 |
US Ecology, Inc. | 813 | 27,544 |
US Physical Therapy, Inc. | 246 | 19,931 |
US Silica Holdings, Inc. | 2,009 | 7,252 |
USANA Health Sciences, Inc.(a) | 152 | 11,161 |
Security Description | Shares | Value |
Valaris PLC(a) | 6,779 | $4,419 |
Vanda Pharmaceuticals, Inc.(a) | 906 | 10,365 |
Varex Imaging Corp.(a) | 757 | 11,469 |
Vector Group Ltd. | 4,223 | 42,483 |
Veeco Instruments, Inc.(a) | 639 | 8,620 |
Vera Bradley, Inc.(a) | 4,412 | 19,589 |
Veritex Holdings, Inc. | 186 | 3,292 |
Veritiv Corp.(a) | 475 | 8,056 |
Viad Corp. | 575 | 10,936 |
Viavi Solutions, Inc.(a) | 1,267 | 16,142 |
Vicor Corp.(a) | 742 | 53,387 |
Virtus Investment Partners, Inc. | 380 | 44,190 |
Virtusa Corp.(a) | 793 | 25,749 |
Vista Outdoor, Inc.(a) | 2,652 | 38,321 |
Vonage Holdings Corp.(a) | 7,576 | 76,215 |
Wabash National Corp. | 1,732 | 18,394 |
Waddell & Reed Financial, Inc., Class A | 2,801 | 43,443 |
Walker & Dunlop, Inc. | 497 | 25,253 |
Warrior Met Coal, Inc. | 843 | 12,974 |
Washington Prime Group, Inc., REIT | 6,083 | 5,115 |
Washington Real Estate Investment Trust, REIT | 698 | 15,496 |
Watts Water Technologies, Inc., Class A | 151 | 12,231 |
WD-40 Co. | 21 | 4,164 |
Westamerica BanCorp | 332 | 19,063 |
Whitestone REIT | 884 | 6,427 |
Wingstop, Inc. | 232 | 32,241 |
Winnebago Industries, Inc. | 565 | 37,640 |
WisdomTree Investments, Inc. | 12,084 | 41,931 |
Wolverine World Wide, Inc. | 1,053 | 25,072 |
World Acceptance Corp.(a) | 267 | 17,494 |
Xencor, Inc.(a) | 1,134 | 36,730 |
Xenia Hotels & Resorts, Inc., REIT | 1,260 | 11,756 |
Xperi Holding Corp. | 649 | 9,579 |
YETI Holdings, Inc.(a) | 813 | 34,739 |
Zumiez, Inc.(a) | 919 | 25,162 |
Zynex, Inc.(a) | 1,453 | 36,136 |
TOTAL COMMON STOCK (Cost $12,074,005) | $12,492,634 | |
PREFERRED STOCKS—0.0% | ||
WESCO International, Inc.(a) | 1 | 26 |
INVESTMENTS IN COMMON STOCK—99.6% (Cost $12,074,029) | 12,492,660 | |
OTHER ASSETS IN EXCESS OF LIABILITIES—0.4% | 49,872 | |
NET ASSETS—100.0% | $12,542,532 |
(a) | Non-income producing security. |
PLC=Public Limited Company |
REIT=Real Estate Investment Trust |
INDUSTRY | PERCENTAGE OF NET ASSETS |
Commercial Hardware | 3.5% |
Healthcare Providers and Facilities | 3.5 |
Branded Pharmaceuticals | 3.1 |
Semiconductor Services and Equipment | 2.9 |
Home Office and Consumer Equipment Manufacture | 2.5 |
Business Software for Specific Uses | 2.4 |
Home Office and Consumer Equipment Retail | 2.4 |
Non Real Estate Banking | 2.4 |
Consumer Insurance | 2.4 |
Transaction Services | 2.4 |
Telecommunication Networks | 2.4 |
Rental | 2.4 |
Management and IT Services | 2.3 |
Auto Products | 2.3 |
Commercial Insurance | 2.3 |
Internet Services and Websites | 2.3 |
Transportation Services | 2.3 |
Operators and Developers | 2.2 |
Content Providers | 2.2 |
Business Software for Specific Industries | 2.2 |
Investment Services | 2.1 |
Mechanical Components | 2.0 |
Upstream Energy | 2.0 |
Digital Integrated Circuits | 1.9 |
Food Distributors | 1.9 |
Other Natural Resources | 1.9 |
Production Equipment | 1.8 |
Specialty Services | 1.8 |
Diversified Drugs and Devices | 1.7 |
Midstream and Gas | 1.7 |
Medical Research Services and Equipment | 1.7 |
Analog and Mixed Signal Integrated Circuits | 1.7 |
Distribution Services | 1.7 |
Restaurants | 1.7 |
Hospital Equipment | 1.6 |
Medical Devices | 1.6 |
Real Estate Banking | 1.5 |
Information and Electrical Components | 1.4 |
Primary Foods | 1.2 |
Chemicals | 1.2 |
Electric Competitive | 1.2 |
Capital Markets | 1.2 |
Apparel Retailers | 1.2 |
INDUSTRY | PERCENTAGE OF NET ASSETS |
Accessories and Footwear | 1.1% |
Alcohol and Tobacco | 1.1 |
Downstream Energy | 1.1 |
Processed Foods | 1.1 |
Branded Apparel | 1.1 |
Transport Aerospace and Defense Equipment | 1.0 |
Metals | 1.0 |
Industrial Conglomerates | 0.7 |
Healthcare Products Distribution | 0.7 |
Personal Products | 0.6 |
Drugstores | 0.6 |
Electric Regulated | 0.6 |
Operating Systems and Middleware | 0.3 |
End User Hardware | 0.2 |
Consumer Services | 0.2 |
Vitamins and Nutritional Supplements | 0.1 |
Other Assets in Excess of Liabilities | 0.4 |
Total | 100.0% |
Syntax Stratified LargeCap ETF | Syntax Stratified MidCap ETF | Syntax Stratified SmallCap ETF | |||
ASSETS | |||||
Investments in securities of unaffiliated issuers | $33,014,353 | $2,632,158 | $12,492,660 | ||
Cash | 51,746 | 9,321 | 38,603 | ||
Receivable from investments sold | — | — | 29,319 | ||
Dividends receivable | 37,712 | 1,648 | 7,221 | ||
Total Assets | 33,103,811 | 2,643,127 | 12,567,803 | ||
LIABILITIES | |||||
Payable for investments purchased | — | 2,016 | 22,090 | ||
Accrued Management fee | 8,241 | 656 | 3,125 | ||
Accrued Other fees | 355 | 30 | 56 | ||
Total Liabilities | 8,596 | 2,702 | 25,271 | ||
NET ASSETS | $33,095,215 | $2,640,425 | $12,542,532 | ||
NET ASSETS CONSISTS OF: | |||||
Paid in Capital | 25,186,947 | 2,551,188 | 10,721,276 | ||
Distributable earnings | 7,908,268 | 89,237 | 1,821,256 | ||
NET ASSETS | $33,095,215 | $2,640,425 | $12,542,532 | ||
NET ASSET VALUE PER SHARE | $45.65 | $26.40 | $31.36 | ||
SHARES OUTSTANDING (unlimited number of shares authorized, no par value) | 725,000 | 100,000 | 400,000 | ||
COST OF INVESTMENTS | $32,048,226 | $2,461,829 | $12,074,029 |
Syntax Stratified LargeCap ETF | Syntax Stratified MidCap ETF | Syntax Stratified SmallCap ETF | |||
Six Months Ended 6/30/20 (Unaudited) | For the Period 1/16/20(a) to 6/30/20 (Unaudited) | For the Period 5/28/20(b) to 6/30/20 (Unaudited) | |||
INVESTMENT INCOME | |||||
Dividend income (net of foreign taxes withheld of $0, $5 and $8, respectively) | $336,104 | $18,558 | $14,523 | ||
Total Investment Income | 336,104 | 18,558 | 14,523 | ||
EXPENSES | |||||
Management fee | 62,852 | 5,133 | 5,131 | ||
Other fees | 684 | 56 | 56 | ||
Total Expenses | 63,536 | 5,189 | 5,187 | ||
Expense Waiver/Reimbursement | (20,951) | (1,711) | (1,711) | ||
Net Expenses | 42,585 | 3,478 | 3,476 | ||
NET INVESTMENT INCOME (LOSS) | 293,519 | 15,080 | 11,047 | ||
REALIZED AND UNREALIZED GAIN (LOSS) | |||||
Net realized gain (loss) from transactions in investment securities | (963,433) | (96,172) | 54,628 | ||
Net realized gain (loss) from in-kind redemptions of investments | 8,450,764 | — | 1,336,950 | ||
Net realized gain (loss) | 7,487,331 | (96,172) | 1,391,578 | ||
Net change in unrealized appreciation/depreciation on Investments | (9,189,915) | (278,483) | (883,300) | ||
NET REALIZED AND UNREALIZED GAIN (LOSS) | (1,702,584) | (374,655) | 508,278 | ||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $(1,409,065) | $(359,575) | $519,325 |
(a) | Fund commenced operations on January 16, 2020. |
(b) | Fund commenced operations on May 28, 2020. |
Syntax Stratified LargeCap ETF | Syntax Stratified MidCap ETF | Syntax Stratified SmallCap ETF | |||||
Six Months Ended 6/30/20 (Unaudited) | For the Period 1/2/19(a) to 12/31/19 | For the Period 1/16/20(b) to 6/30/20 (Unaudited) | For the Period 5/28/20(c) to 6/30/20 (Unaudited) | ||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | |||||||
Net investment income (loss) | $293,519 | $942,339 | $15,080 | $11,047 | |||
Net realized gain (loss) | 7,487,331 | (428,382) | (96,172) | 1,391,578 | |||
Net change in unrealized appreciation/depreciation | (9,189,915) | 12,145,204 | (278,483) | (883,300) | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | (1,409,065) | 12,659,161 | (359,575) | 519,325 | |||
DISTRIBUTIONS TO SHAREHOLDERS | |||||||
Distributions to Shareholders | — | (964,675) | — | — | |||
INCREASE (DECREASE) IN NET ASSETS FROM SHARE TRANSACTIONS: | |||||||
Proceeds from Shares Sold | 11,450,376 | 56,595,018 | 3,000,000 | 14,336,434 | |||
Cost of Shares Redeemed | (39,095,028) | (6,240,572) | — | (2,313,227) | |||
INCREASE (DECREASE) IN NET ASSETS FROM SHARE TRANSACTIONS: | (27,644,652) | 50,354,446 | 3,000,000 | 12,023,207 | |||
NET INCREASE (DECREASE) IN NET ASSETS DURING THE PERIOD | (29,053,717) | 62,048,932 | 2,640,425 | 12,542,532 | |||
NET ASSETS AT BEGINNING OF PERIOD | 62,148,932 | 100,000 | — | — | |||
NET ASSETS AT END OF PERIOD | $33,095,215 | $62,148,932 | $2,640,425 | $12,542,532 | |||
SHARE TRANSACTIONS: | |||||||
Shares sold | 275,000 | 1,372,500 | 100,000 | 475,000 | |||
Shares redeemed | (775,000) | (150,000) | — | (75,000) | |||
NET INCREASE (DECREASE) | (500,000) | 1,222,500 | 100,000 | 400,000 |
(a) | Fund commenced operations on January 2, 2019. |
(b) | Fund commenced operations on January 16, 2020. |
(c) | Fund commenced operations on May 28, 2020. |
Syntax Stratified LargeCap ETF | |||
Six Months Ended 6/30/20 (Unaudited) | For the Period 1/2/19(a) to 12/31/19 | ||
Net asset value, beginning of period | $50.73 | $40.00 | |
Income (loss) from investment operations: | |||
Net investment income (loss)(b) | 0.47 | 0.84 | |
Net realized and unrealized gain (loss) | (5.55) | 10.68 | |
Total from investment operations | (5.08) | 11.52 | |
Less Distributions from: | |||
Net investment income | 0.00 | (0.79) | |
Net asset value, end of period | $45.65 | $50.73 | |
Total return(c) | (10.02)%(d) | 28.81%(d) | |
Ratios and Supplemental Data: | |||
Net assets, end of period (000s) | $33,095 | $62,149 | |
Ratios to average net assets: | |||
Total expenses | 0.45%(e) | 0.80%(e) | |
Net expenses(f) | 0.30%(e) | 0.30%(e) | |
Net investment income (loss)(f) | 2.10%(e) | 1.80%(e) | |
Portfolio turnover rate(g) | 18%(d) | 34%(d) |
(a) | Fund commenced operations on January 2, 2019. |
(b) | Per Share numbers have been calculated using the average shares method. |
(c) | Total return is calculated assuming a purchase of Shares at net asset value per Share on the first day and a sale at net asset value per Share on the last day of each period reported. Distributions are assumed, for the purposes of this calculation, to be reinvested at the net asset value per Share on the respective payment dates of the Fund. Total return for a period of less than one year is not annualized. Broker commission charges are not included in this calculation. Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | Net of expenses waived/reimbursed by the Advisor. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions of Shares. |
Syntax Stratified MidCap ETF | |
For the Period 1/16/20(a) to 6/30/20 (Unaudited) | |
Net asset value, beginning of period | $30.00 |
Income (loss) from investment operations: | |
Net investment income (loss)(b) | 0.15 |
Net realized and unrealized gain (loss) | (3.75) |
Total from investment operations | (3.60) |
Net asset value, end of period | $26.40 |
Total return(c) | (11.99)%(d) |
Ratios and Supplemental Data: | |
Net assets, end of period (000s) | $2,640 |
Ratios to average net assets: | |
Total expenses | 0.45%(e) |
Net expenses(f) | 0.30%(e) |
Net investment income (loss)(f) | 1.32%(e) |
Portfolio turnover rate(g) | 28%(d) |
(a) | Fund commenced operations on January 16, 2020. |
(b) | Per Share numbers have been calculated using the average shares method. |
(c) | Total return is calculated assuming a purchase of Shares at net asset value per Share on the first day and a sale at net asset value per Share on the last day of each period reported. Distributions are assumed, for the purposes of this calculation, to be reinvested at the net asset value per Share on the respective payment dates of the Fund. Total return for a period of less than one year is not annualized. Broker commission charges are not included in this calculation. Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | Net of expenses waived/reimbursed by the Advisor. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions of Shares. |
Syntax Stratified SmallCap ETF | |
For the Period 5/28/20(a) to 6/30/20 (Unaudited) | |
Net asset value, beginning of period | $30.00 |
Income (loss) from investment operations: | |
Net investment income (loss)(b) | 0.03 |
Net realized and unrealized gain (loss) | 1.33 |
Total from investment operations | 1.36 |
Net asset value, end of period | $31.36 |
Total return(c) | 4.52%(d) |
Ratios and Supplemental Data: | |
Net assets, end of period (000s) | $12,543 |
Ratios to average net assets: | |
Total expenses | 0.45%(e) |
Net expenses(f) | 0.30%(e) |
Net investment income (loss)(f) | 0.97%(e) |
Portfolio turnover rate(g) | 12%(d) |
(a) | Fund commenced operations on May 28, 2020. |
(b) | Per Share numbers have been calculated using the average shares method. |
(c) | Total return is calculated assuming a purchase of Shares at net asset value per Share on the first day and a sale at net asset value per Share on the last day of each period reported. Distributions are assumed, for the purposes of this calculation, to be reinvested at the net asset value per Share on the respective payment dates of the Fund. Total return for a period of less than one year is not annualized. Broker commission charges are not included in this calculation. Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. |
(d) | Not annualized. |
(e) | Annualized. |
(f) | Net of expenses waived/reimbursed by the Advisor. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions of Shares. |
Fund | Underlying Index | |
Syntax Stratified LargeCap ETF | Syntax Stratified LargeCap Index | |
Syntax Stratified MidCap ETF | Syntax Stratified MidCap Index | |
Syntax Stratified SmallCap ETF | Syntax Stratified SmallCap Index |
• | Financial Products and Services Series |
• | Energy Products and Services Series |
• | Industrial Products and Services Series |
• | Information Tools Series |
• | Information Products and Services Series |
• | Consumer Products and Services Series |
• | Food Products and Services Series |
• | Healthcare Products Series |
Initial Market Value of Securities acquired by Fund | Cost Basis | Unrealized Gain (Loss) | |||
Syntax Stratified LargeCap ETF | $33,554,457 | $35,543,619 | $(1,989,162) | ||
Syntax Stratified MidCap ETF | 2,785,553 | 2,336,742 | 448,811 | ||
Syntax Stratified SmallCap ETF | 11,391,517 | 10,089,586 | 1,301,931 |
• | 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, credit risk, etc.) |
• | Level 3 — Significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
Description | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total |
ASSETS: | ||||
INVESTMENTS: | ||||
Common Stock | $33,014,211 | $— | $— | $33,014,211 |
Rights | 142 | — | — | 142 |
Description | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total |
ASSETS: | ||||
INVESTMENTS: | ||||
Common Stock | $2,632,158 | $— | $— | $2,632,158 |
Description | Level 1— Quoted Prices | Level 2— Other Significant Observable Inputs | Level 3— Significant Unobservable Inputs | Total |
ASSETS: | ||||
INVESTMENTS: | ||||
Common Stock | $12,492,634 | $— | $— | $12,492,634 |
Preferred Stocks | 26 | — | — | 26 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) | ||||
Syntax Stratified LargeCap ETF | $32,048,226 | $3,199,159 | $(2,233,032) | $966,127 | |||
Syntax Stratified MidCap ETF | 2,461,829 | 390,087 | (219,758) | 170,329 | |||
Syntax Stratified SmallCap ETF | 12,074,029 | 676,941 | (258,310) | 418,631 |
Purchases | Sales | ||
Syntax Stratified LargeCap ETF | $5,929,065 | $5,612,144 | |
Syntax Stratified MidCap ETF | 927,774 | 706,514 | |
Syntax Stratified SmallCap ETF | 2,056,262 | 1,465,583 |
In-kind Contributions | In-kind Redemptions | In-kind Net Realized Gains (Losses) | |||
Syntax Stratified LargeCap ETF | $11,400,262 | $38,949,220 | $8,450,764 | ||
Syntax Stratified MidCap ETF | 2,336,742 | — | — | ||
Syntax Stratified SmallCap ETF | 12,424,769 | 2,327,172 | 1,336,950 |
Annual Rate | |
Syntax Stratified LargeCap ETF | 0.45% |
Syntax Stratified MidCap ETF | 0.45% |
Syntax Stratified SmallCap ETF | 0.45% |
Expense Limit | |
Syntax Stratified LargeCap ETF | 0.30% |
Syntax Stratified MidCap ETF | 0.30% |
Syntax Stratified SmallCap ETF | 0.30% |
Expenses Waived and Reimbursed | |
Syntax Stratified LargeCap ETF | $20,951 |
Syntax Stratified MidCap ETF | 1,711 |
Syntax Stratified SmallCap ETF | 1,711 |
Amount | |
Syntax Stratified LargeCap ETF | $283,272 |
Syntax Stratified MidCap ETF | 1,711 |
Syntax Stratified SmallCap ETF | 1,711 |
Actual | Hypothetical (assuming a 5% return before expenses) | ||||||||
Annualized Expense Ratio | Ending Account Value | Expenses Paid During Period(a) | Ending Account Value | Expenses Paid During Period(a) | |||||
Syntax Stratified LargeCap ETF | 0.30% | $899.80 | $1.42 | $1,023.40 | $1.51 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 182 for the Fund and the Hypothetical numbers shown, then divided by 366. |
Actual | Hypothetical (assuming a 5% return before expenses) | ||||||||
Annualized Expense Ratio | Ending Account Value | Expenses Paid During Period(a) | Ending Account Value | Expenses Paid During Period(a) | |||||
Syntax Stratified MidCap ETF | 0.30% | $880.10 | $1.28 | $1,023.40 | $1.51 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 166 and 182 for the Fund and the Hypothetical numbers shown, then divided by 366. |
Actual | Hypothetical (assuming a 5% return before expenses) | ||||||||
Annualized Expense Ratio | Ending Account Value | Expenses Paid During Period(a) | Ending Account Value | Expenses Paid During Period(a) | |||||
Syntax Stratified SmallCap ETF | 0.30% | $1,045.20 | $0.28 | $1,023.40 | $1.51 |
(a) | Expenses are equal to the Fund's annualized net expense ratio multiplied by the average account value of the period, multiplied by 33 and 182 for the Fund and the Hypothetical numbers shown, then divided by 366. |
One Liberty Plaza 46th FI.
New York, NY 10006
One Lincoln Street
Boston, MA 02111
Three Canal Plaza, Suite 100
Portland, ME 04101
200 Clarendon Street
Boston, MA 02116
Item 2: | Code of Ethics. |
Not applicable for semi-annual reports
Item 3: | Audit Committee Financial Experts. |
Not applicable for semi-annual reports.
Item 4: | Principal Accountant Fees and Services. |
Not applicable for semi-annual reports.
Item 5: | Audit Committee of Listed Registrants. |
Not applicable for semi-annual reports.
Item 6: | Schedule of Investments. |
(a) | The schedules of investments are included in the Semi-Annual Report to shareholders filed under Item 1 of this Form N-CSR. |
(b) | Not applicable. |
Item 7: | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
Item 8: | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
Item 9: | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not Applicable
Item 10: | Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees that have been implemented since the Registrant last provided disclosure in response to the requirements of this Item.
Item 11: | Controls and Procedures. |
(a) | The Registrant’s principal executive officer and principal financial officer evaluated the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) |
under the Investment Company Act of 1940, as amended (the “1940 Act”)) are appropriately designed to ensure that information required to be disclosed by the Registrant in the reports that it files on Form N-CSR (a) is accumulated and communicated to Registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.
(b) | The Registrant’s principal executive officer and principal financial officer are aware of no change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal half-year that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 12: | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not Applicable
Item 13: | Exhibits. |
(a)(1) | Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit. Not applicable. |
(a)(2) | Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Separate certifications for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached. |
(a)(3) | Any written solicitation to purchase securities under Rule 23c 1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable. |
(a)(4) | Change in the registrant’s independent public accountant. Not applicable. |
(b) | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. A certification for Registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. The certification furnished pursuant to this paragraph is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to liability of that section. Such certification is not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates it by reference. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Syntax ETF Trust | ||
(Registrant) | ||
By: | /s/ Rory Riggs | |
Rory Riggs | ||
CEO | ||
(Principal Executive Officer) | ||
Date: | September 4, 2020 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: | /s/ Rory Riggs | ||
Rory Riggs | |||
CEO | |||
(Principal Executive Officer) | |||
Date: | September 4, 2020 | ||
By: | /s/ David Jaffin | ||
David Jaffin | |||
Treasurer | |||
(Principal Financial Officer) | |||
Date: | September 4, 2020 |
EXHIBIT INDEX