UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-05251
Fidelity Concord Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | October 31 |
Date of reporting period: | October 31, 2020 |
Item 1.
Reports to Stockholders
Fidelity® Series International Index Fund
October 31, 2020
See the inside front cover for important information about access to your fund’s shareholder reports.
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
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Account Type | Website | Phone Number |
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Contents
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.
You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2020 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.
For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE
Neither the Fund nor Fidelity Distributors Corporation is a bank.
Note to Shareholders:
Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.
In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, global governments and central banks took unprecedented action to help support consumers, businesses, and the broader economies, and to limit disruption to financial systems.
The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.
Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2020 | Past 1 year | Life of fundA |
Fidelity® Series International Index Fund | (6.52)% | (0.96)% |
A From August 17, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity® Series International Index Fund on August 17, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period.
Period Ending Values | ||
$9,790 | Fidelity® Series International Index Fund | |
$9,822 | MSCI EAFE Index |
Management's Discussion of Fund Performance
Market Recap: The MSCI ACWI (All Country World Index) ex USA Index returned -2.46% for the 12 months ending October 31, 2020, in what was a bumpy ride for non-U.S. equities, marked by a steep but brief decline due to the early-2020 outbreak and spread of the coronavirus, followed by a sharp upturn. Declared a pandemic on March 11, the crisis and containment efforts caused broad contraction in economic activity, elevated volatility and dislocation in financial markets. A historically rapid and expansive monetary- and fiscal-policy response around the world provided a partial offset to the economic disruption. Other supporting factors included resilient corporate earnings and near-term potential for a COVID-19 vaccine breakthrough. This was evident in the index’s 12.28% gain in the final six months of the year. Currency fluctuation generally boosted foreign developed-markets equities for the year, while the reverse was true for emerging-markets stocks. Late in the period, the index was pressured by a second wave of COVID-19 cases in some regions, and stretched valuations and crowded positioning in big tech. For the full year, the U.K. (-22%), Asia Pacific ex Japan (-8%), Canada (-5%) and Europe ex U.K. (-4%) notably lagged. Emerging markets (+9%) and Japan (+1%) outperformed. By sector, energy (-38%), financials and real estate (-20% each) lagged, whereas information technology (+ 25%) and communication services (+15%) topped the index.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2020, the fund returned -6.52%, compared with -6.69% for the benchmark MSCI EAFE Index. (The fund's relative performance can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index, as well as by local tax laws or regulations, which vary by country.) Individually, several stocks in the energy sector – by far the weakest performer of the 12 months – were notable detractors, as oil-price weakness and sluggish demand amid the pandemic hampered U.K.-based Royal Dutch Shell, which returned roughly -55%, and BP (-57%), as well as France's Total (-39%). Another individual detractor was British multinational investment bank HSBC Holdings (-45%). The firm suspended its dividend in late March, partly as lower interest rates made lending less profitable. Weak profits along with heightened concern about bad debts at the company also weighed on HSBC's share price. Elsewhere, slumping demand for air travel weighed on the shares of Dutch aircraft manufacturer Airbus (-49%). On the positive side, Dutch semiconductor equipment maker ASML Holding (+40%) gained along with favorable demand trends lifting the semiconductor industry. Another contributor was SoftBank Group (+69%). In August, this Japanese multinational conglomerate reported better-than-expected earnings for the second quarter of 2020. Another Japanese conglomerate, Sony (+36%), saw its shares rise due largely to strength from the company's video gaming business. Of final note, Swiss food-products giant Nestle (+8%), the largest position in the benchmark, reported solid sales growth.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2020
% of fund's net assets | |
Nestle SA (Reg. S) (Switzerland, Food Products) | 2.5 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.7 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.3 |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.1 |
Toyota Motor Corp. (Japan, Automobiles) | 1.0 |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.0 |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.0 |
AIA Group Ltd. (Hong Kong, Insurance) | 0.9 |
SAP SE (Germany, Software) | 0.8 |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 0.8 |
12.1 |
Top Market Sectors as of October 31, 2020
% of fund's net assets | |
Industrials | 15.5 |
Financials | 14.7 |
Health Care | 13.3 |
Consumer Staples | 11.6 |
Consumer Discretionary | 11.4 |
Information Technology | 8.3 |
Materials | 7.4 |
Communication Services | 5.9 |
Utilities | 4.2 |
Real Estate | 2.8 |
Geographic Diversification (% of fund's net assets)
As of October 31, 2020 | ||
Japan | 25.9% | |
United Kingdom | 12.1% | |
Switzerland | 10.1% | |
France | 9.6% | |
Germany | 8.6% | |
Australia | 6.6% | |
Netherlands | 5.3% | |
Sweden | 3.1% | |
Denmark | 2.5% | |
Other* | 16.2% |
* Includes Short-Term investments and Net Other Assets (Liabilities).
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.
Asset Allocation as of October 31, 2020
% of fund's net assets | |
Stocks and Equity Futures | 99.9 |
Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |
Schedule of Investments October 31, 2020
Showing Percentage of Net Assets
Common Stocks - 97.1% | |||
Shares | Value | ||
Australia - 6.6% | |||
Afterpay Ltd. (a) | 2,047 | $139,378 | |
AGL Energy Ltd. | 6,130 | 53,727 | |
AMP Ltd. | 33,474 | 36,021 | |
Ampol Ltd. | 2,283 | 41,628 | |
APA Group unit | 11,299 | 83,300 | |
Aristocrat Leisure Ltd. | 5,515 | 111,054 | |
ASX Ltd. | 1,854 | 103,814 | |
Aurizon Holdings Ltd. | 19,102 | 50,652 | |
Australia & New Zealand Banking Group Ltd. | 27,204 | 361,014 | |
BHP Billiton Ltd. | 28,252 | 677,246 | |
BlueScope Steel Ltd. | 5,009 | 51,736 | |
Brambles Ltd. | 14,802 | 99,829 | |
Cimic Group Ltd. | 887 | 13,406 | |
Coca-Cola Amatil Ltd. | 5,146 | 44,985 | |
Cochlear Ltd. | 620 | 92,538 | |
Coles Group Ltd. | 12,770 | 159,526 | |
Commonwealth Bank of Australia | 16,978 | 824,308 | |
Computershare Ltd. | 4,444 | 37,978 | |
Crown Ltd. | 3,401 | 19,800 | |
CSL Ltd. | 4,352 | 881,094 | |
DEXUS Property Group unit | 10,608 | 64,179 | |
Evolution Mining Ltd. | 15,641 | 61,319 | |
Fortescue Metals Group Ltd. | 16,232 | 198,574 | |
Goodman Group unit | 15,771 | 204,126 | |
Insurance Australia Group Ltd. | 22,160 | 74,385 | |
Lendlease Group unit | 6,136 | 51,617 | |
Macquarie Group Ltd. | 3,277 | 292,177 | |
Magellan Financial Group Ltd. | 1,199 | 46,471 | |
Medibank Private Ltd. | 27,100 | 50,871 | |
Mirvac Group unit | 38,203 | 56,654 | |
National Australia Bank Ltd. | 30,656 | 401,072 | |
Newcrest Mining Ltd. | 7,747 | 160,653 | |
Northern Star Resources Ltd. | 7,123 | 75,247 | |
Orica Ltd. | 3,992 | 42,853 | |
Origin Energy Ltd. | 17,004 | 47,832 | |
Qantas Airways Ltd. | 7,900 | 23,241 | |
QBE Insurance Group Ltd. | 13,905 | 80,408 | |
Ramsay Health Care Ltd. | 1,716 | 75,185 | |
realestate.com.au Ltd. | 478 | 39,751 | |
Rio Tinto Ltd. | 3,559 | 231,527 | |
Santos Ltd. | 17,189 | 57,143 | |
Scentre Group unit | 50,598 | 74,668 | |
SEEK Ltd. | 3,114 | 47,082 | |
Sonic Healthcare Ltd. | 4,327 | 105,981 | |
South32 Ltd. | 47,498 | 67,779 | |
SP AusNet | 16,715 | 23,498 | |
Stockland Corp. Ltd. unit | 23,203 | 62,743 | |
Suncorp Group Ltd. | 12,197 | 70,441 | |
Sydney Airport unit | 13,131 | 50,345 | |
Tabcorp Holdings Ltd. | 21,957 | 50,734 | |
Telstra Corp. Ltd. | 39,921 | 75,179 | |
The GPT Group unit | 18,806 | 53,263 | |
TPG Telecom Ltd. (a) | 3,475 | 17,540 | |
Transurban Group unit | 26,223 | 248,323 | |
Treasury Wine Estates Ltd. | 7,070 | 45,579 | |
Vicinity Centres unit | 36,059 | 30,643 | |
Washington H. Soul Pattinson & Co. Ltd. | 1,068 | 19,018 | |
Wesfarmers Ltd. | 10,860 | 351,534 | |
Westpac Banking Corp. | 34,642 | 438,459 | |
WiseTech Global Ltd. | 1,364 | 27,819 | |
Woodside Petroleum Ltd. | 9,160 | 112,982 | |
Woolworths Group Ltd. | 12,082 | 325,009 | |
TOTAL AUSTRALIA | 8,516,938 | ||
Austria - 0.2% | |||
Andritz AG | 734 | 24,722 | |
Erste Group Bank AG | 2,671 | 54,688 | |
OMV AG | 1,427 | 32,741 | |
Raiffeisen International Bank-Holding AG | 1,386 | 19,919 | |
Verbund AG | 624 | 35,887 | |
Voestalpine AG | 1,163 | 32,305 | |
TOTAL AUSTRIA | 200,262 | ||
Bailiwick of Jersey - 0.6% | |||
Experian PLC | 8,706 | 318,935 | |
Ferguson PLC | 2,157 | 214,235 | |
Glencore Xstrata PLC | 95,802 | 193,255 | |
WPP PLC | 11,867 | 94,785 | |
TOTAL BAILIWICK OF JERSEY | 821,210 | ||
Belgium - 0.8% | |||
Ageas | 1,710 | 68,808 | |
Anheuser-Busch InBev SA NV | 7,307 | 377,963 | |
Colruyt NV | 513 | 30,363 | |
Elia System Operator SA/NV | 282 | 27,293 | |
Galapagos Genomics NV (a) | 402 | 46,989 | |
Groupe Bruxelles Lambert SA | 1,096 | 89,709 | |
KBC Groep NV | 2,395 | 118,073 | |
Proximus | 1,436 | 27,921 | |
Sofina SA | 154 | 39,996 | |
Solvay SA Class A | 733 | 59,502 | |
Telenet Group Holding NV | 439 | 16,872 | |
UCB SA | 1,209 | 119,263 | |
Umicore SA | 1,888 | 72,650 | |
TOTAL BELGIUM | 1,095,402 | ||
Bermuda - 0.2% | |||
Cheung Kong Infrastructure Holdings Ltd. | 6,000 | 28,249 | |
Dairy Farm International Holdings Ltd. | 3,036 | 11,436 | |
Hongkong Land Holdings Ltd. | 11,383 | 41,789 | |
Jardine Matheson Holdings Ltd. | 2,106 | 93,350 | |
Jardine Strategic Holdings Ltd. | 2,158 | 46,725 | |
Kerry Properties Ltd. | 7,000 | 17,120 | |
TOTAL BERMUDA | 238,669 | ||
Cayman Islands - 0.6% | |||
ASM Pacific Technology Ltd. | 3,100 | 31,190 | |
BeiGene Ltd. ADR (a) | 386 | 114,457 | |
Budweiser Brewing Co. APAC Ltd. (b) | 16,900 | 49,703 | |
Cheung Kong Property Holdings Ltd. | 25,000 | 115,769 | |
CK Hutchison Holdings Ltd. | 26,000 | 156,620 | |
Melco Crown Entertainment Ltd. sponsored ADR | 2,003 | 32,288 | |
Microport Scientific Corp. | 7,000 | 24,605 | |
Sands China Ltd. | 23,200 | 81,249 | |
WH Group Ltd. (b) | 92,500 | 72,664 | |
Wharf Real Estate Investment Co. Ltd. | 16,000 | 61,400 | |
Wynn Macau Ltd. (a) | 14,000 | 19,323 | |
TOTAL CAYMAN ISLANDS | 759,268 | ||
Denmark - 2.5% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 33 | 48,684 | |
Series B | 61 | 97,761 | |
Ambu A/S Series B | 1,603 | 48,589 | |
Carlsberg A/S Series B | 982 | 124,286 | |
Christian Hansen Holding A/S | 1,012 | 101,928 | |
Coloplast A/S Series B | 1,138 | 166,071 | |
Danske Bank A/S (a) | 6,617 | 87,951 | |
DSV Panalpina A/S | 1,994 | 322,871 | |
Genmab A/S (a) | 623 | 207,504 | |
GN Store Nord A/S | 1,228 | 88,315 | |
H Lundbeck A/S | 703 | 19,797 | |
Novo Nordisk A/S Series B | 16,560 | 1,055,959 | |
Novozymes A/S Series B | 2,046 | 122,946 | |
ORSTED A/S (b) | 1,815 | 288,066 | |
Pandora A/S | 989 | 78,322 | |
Tryg A/S | 1,203 | 33,369 | |
Vestas Wind Systems A/S | 1,907 | 327,173 | |
William Demant Holding A/S (a) | 1,022 | 32,185 | |
TOTAL DENMARK | 3,251,777 | ||
Finland - 1.2% | |||
Elisa Corp. (A Shares) | 1,365 | 67,151 | |
Fortum Corp. | 4,268 | 80,277 | |
Kone OYJ (B Shares) | 3,260 | 259,471 | |
Neste Oyj | 4,050 | 210,748 | |
Nokia Corp. (a) | 54,240 | 182,854 | |
Nordea Bank ABP (Stockholm Stock Exchange) | 31,064 | 233,144 | |
Orion Oyj (B Shares) | 1,038 | 44,427 | |
Sampo Oyj (A Shares) | 4,517 | 170,447 | |
Stora Enso Oyj (R Shares) | 5,615 | 81,907 | |
UPM-Kymmene Corp. | 5,109 | 144,352 | |
Wartsila Corp. | 4,166 | 33,100 | |
TOTAL FINLAND | 1,507,878 | ||
France - 9.6% | |||
Accor SA (a) | 1,838 | 46,794 | |
Aeroports de Paris SA | 291 | 28,435 | |
Air Liquide SA | 4,533 | 662,559 | |
Alstom SA (a) | 1,840 | 82,210 | |
Amundi SA (b) | 602 | 39,473 | |
Arkema SA | 680 | 66,588 | |
Atos Origin SA (a) | 939 | 64,085 | |
AXA SA | 18,536 | 297,675 | |
bioMerieux SA | 412 | 61,323 | |
BNP Paribas SA (a) | 10,785 | 376,125 | |
Bollore SA | 8,974 | 32,149 | |
Bouygues SA | 2,196 | 71,996 | |
Bureau Veritas SA | 2,836 | 62,261 | |
Capgemini SA | 1,540 | 177,814 | |
Carrefour SA | 5,878 | 91,460 | |
CNP Assurances | 1,535 | 17,287 | |
Compagnie de St. Gobain (a) | 4,961 | 193,248 | |
Covivio | 451 | 26,841 | |
Credit Agricole SA (a) | 11,048 | 87,396 | |
Danone SA | 5,920 | 328,354 | |
Dassault Aviation SA (a) | 24 | 20,013 | |
Dassault Systemes SA | 1,257 | 214,544 | |
Edenred SA | 2,346 | 109,400 | |
EDF SA | 5,955 | 69,133 | |
Eiffage SA (a) | 794 | 57,629 | |
ENGIE (a) | 17,511 | 211,794 | |
Essilor International SA | 2,726 | 337,168 | |
Eurazeo SA (a) | 409 | 18,596 | |
Faurecia SA (a) | 707 | 26,794 | |
Gecina SA | 445 | 55,248 | |
Groupe Eurotunnel SA (a) | 4,259 | 57,241 | |
Hermes International SCA | 303 | 281,958 | |
ICADE | 285 | 14,406 | |
Iliad SA | 132 | 25,520 | |
Ipsen SA | 343 | 31,219 | |
JCDecaux SA (a) | 760 | 11,728 | |
Kering SA | 726 | 438,410 | |
Klepierre SA | 1,807 | 22,887 | |
L'Oreal SA | 2,407 | 777,908 | |
La Francaise des Jeux SAEM (b) | 780 | 29,233 | |
Legrand SA | 2,558 | 189,118 | |
LVMH Moet Hennessy Louis Vuitton SE | 2,663 | 1,248,275 | |
Michelin CGDE Series B | 1,627 | 175,542 | |
Natixis SA (a) | 9,581 | 22,272 | |
Orange SA | 19,120 | 214,710 | |
Orpea (a) | 501 | 50,028 | |
Pernod Ricard SA | 2,032 | 327,533 | |
Peugeot Citroen SA | 5,651 | 101,552 | |
Publicis Groupe SA | 2,158 | 74,897 | |
Remy Cointreau SA | 227 | 38,334 | |
Renault SA | 1,876 | 46,440 | |
Safran SA (a) | 3,073 | 324,140 | |
Sanofi SA | 10,816 | 976,613 | |
Sartorius Stedim Biotech | 268 | 101,628 | |
Schneider Electric SA | 5,299 | 643,863 | |
SCOR SE | 1,576 | 38,274 | |
SEB SA | 223 | 36,256 | |
Societe Generale Series A | 7,767 | 105,537 | |
Sodexo SA | 855 | 54,867 | |
SR Teleperformance SA | 563 | 168,973 | |
Suez Environnement SA | 3,423 | 62,669 | |
Thales SA | 1,022 | 66,512 | |
Total SA | 23,712 | 718,396 | |
Ubisoft Entertainment SA (a) | 863 | 76,126 | |
Valeo SA | 2,214 | 66,965 | |
Veolia Environnement SA | 5,161 | 96,112 | |
VINCI SA | 4,953 | 391,213 | |
Vivendi SA | 7,954 | 229,645 | |
Wendel SA | 255 | 22,096 | |
Worldline SA (a)(b) | 2,225 | 164,913 | |
TOTAL FRANCE | 12,458,401 | ||
Germany - 8.1% | |||
adidas AG | 1,826 | 542,296 | |
Allianz SE | 4,001 | 703,904 | |
BASF AG | 8,809 | 482,365 | |
Bayer AG | 9,418 | 442,557 | |
Bayerische Motoren Werke AG (BMW) | 3,188 | 217,873 | |
Beiersdorf AG | 966 | 101,142 | |
Brenntag AG | 1,485 | 94,915 | |
Carl Zeiss Meditec AG | 370 | 47,789 | |
Commerzbank AG | 9,621 | 45,325 | |
Continental AG | 1,057 | 112,307 | |
Covestro AG (b) | 1,760 | 83,980 | |
Daimler AG (Germany) | 8,211 | 424,595 | |
Delivery Hero AG (a)(b) | 1,226 | 141,044 | |
Deutsche Bank AG (a) | 18,823 | 173,207 | |
Deutsche Borse AG | 1,821 | 267,967 | |
Deutsche Lufthansa AG (a) | 2,869 | 24,633 | |
Deutsche Post AG | 9,484 | 420,172 | |
Deutsche Telekom AG | 31,984 | 486,117 | |
Deutsche Wohnen AG (Bearer) | 3,276 | 165,321 | |
E.ON AG | 21,545 | 224,373 | |
Evonik Industries AG | 2,019 | 48,604 | |
Fraport AG Frankfurt Airport Services Worldwide | 424 | 15,318 | |
Fresenius Medical Care AG & Co. KGaA | 2,045 | 156,161 | |
Fresenius SE & Co. KGaA | 4,010 | 148,701 | |
GEA Group AG | 1,432 | 47,648 | |
Hannover Reuck SE | 578 | 83,944 | |
HeidelbergCement AG | 1,427 | 81,635 | |
Henkel AG & Co. KGaA | 1,003 | 90,706 | |
Hochtief AG | 252 | 18,549 | |
Infineon Technologies AG | 11,986 | 333,704 | |
KION Group AG | 614 | 47,797 | |
Knorr-Bremse AG | 695 | 80,482 | |
Lanxess AG | 766 | 38,825 | |
LEG Immobilien AG | 682 | 92,154 | |
Merck KGaA | 1,232 | 182,441 | |
Metro Wholesale & Food Specialist AG | 1,686 | 16,534 | |
MTU Aero Engines Holdings AG | 510 | 87,047 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 1,349 | 315,479 | |
Nemetschek Se | 575 | 41,587 | |
Puma AG | 940 | 82,152 | |
RWE AG | 6,160 | 228,069 | |
SAP SE | 10,011 | 1,068,020 | |
Scout24 AG (b) | 1,029 | 82,871 | |
Siemens AG | 7,336 | 860,368 | |
Siemens Healthineers AG (b) | 2,564 | 110,055 | |
Symrise AG | 1,234 | 152,125 | |
TeamViewer AG (a)(b) | 1,439 | 63,350 | |
Telefonica Deutschland Holding AG | 9,477 | 23,918 | |
Thyssenkrupp AG (a) | 4,088 | 19,497 | |
Uniper SE | 1,939 | 57,947 | |
United Internet AG | 943 | 33,058 | |
Volkswagen AG | 325 | 50,569 | |
Vonovia SE | 4,941 | 315,464 | |
Zalando SE (a)(b) | 1,454 | 135,777 | |
TOTAL GERMANY | 10,412,438 | ||
Hong Kong - 2.5% | |||
AIA Group Ltd. | 116,000 | 1,103,992 | |
Bank of East Asia Ltd. | 12,404 | 22,336 | |
BOC Hong Kong (Holdings) Ltd. | 35,500 | 98,452 | |
CLP Holdings Ltd. | 16,000 | 147,153 | |
Galaxy Entertainment Group Ltd. | 21,000 | 138,420 | |
Hang Lung Properties Ltd. | 20,000 | 48,552 | |
Hang Seng Bank Ltd. | 7,300 | 112,243 | |
Henderson Land Development Co. Ltd. | 13,700 | 48,390 | |
Hong Kong & China Gas Co. Ltd. | 102,335 | 147,649 | |
Hong Kong Exchanges and Clearing Ltd. | 11,446 | 546,573 | |
Link (REIT) | 19,660 | 149,748 | |
MTR Corp. Ltd. | 15,534 | 76,843 | |
New World Development Co. Ltd. | 14,750 | 70,206 | |
PCCW Ltd. | 42,758 | 25,702 | |
Power Assets Holdings Ltd. | 13,500 | 69,394 | |
Sino Land Ltd. | 32,083 | 37,908 | |
SJM Holdings Ltd. | 18,000 | 18,644 | |
Sun Hung Kai Properties Ltd. | 12,500 | 160,898 | |
Swire Pacific Ltd. (A Shares) | 4,500 | 20,521 | |
Swire Properties Ltd. | 11,000 | 29,442 | |
Techtronic Industries Co. Ltd. | 13,000 | 173,389 | |
TOTAL HONG KONG | 3,246,455 | ||
Ireland - 0.8% | |||
CRH PLC | 7,519 | 263,103 | |
DCC PLC (United Kingdom) | 944 | 61,441 | |
Flutter Entertainment PLC (Ireland) | 1,479 | 257,602 | |
James Hardie Industries PLC CDI | 4,248 | 103,141 | |
Kerry Group PLC Class A | 1,521 | 181,926 | |
Kingspan Group PLC (Ireland) | 1,473 | 128,407 | |
Smurfit Kappa Group PLC | 2,169 | 81,644 | |
TOTAL IRELAND | 1,077,264 | ||
Isle of Man - 0.1% | |||
Gaming VC Holdings SA (a) | 5,658 | 70,822 | |
Israel - 0.6% | |||
Azrieli Group | 402 | 18,957 | |
Bank Hapoalim BM (Reg.) | 10,887 | 63,783 | |
Bank Leumi le-Israel BM | 14,191 | 67,169 | |
Check Point Software Technologies Ltd. (a) | 1,113 | 126,392 | |
CyberArk Software Ltd. (a) | 351 | 34,802 | |
Elbit Systems Ltd. (Israel) | 264 | 29,874 | |
Icl Group Ltd. | 6,589 | 23,984 | |
Israel Discount Bank Ltd. (Class A) | 10,824 | 30,460 | |
Mizrahi Tefahot Bank Ltd. | 1,441 | 28,135 | |
NICE Systems Ltd. (a) | 593 | 135,630 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) | 10,462 | 91,229 | |
Wix.com Ltd. (a)(c) | 490 | 121,187 | |
TOTAL ISRAEL | 771,602 | ||
Italy - 1.7% | |||
Assicurazioni Generali SpA | 10,471 | 140,365 | |
Atlantia SpA (a) | 4,746 | 72,713 | |
Davide Campari Milano NV | 5,782 | 60,364 | |
DiaSorin S.p.A. | 250 | 54,884 | |
Enel SpA | 77,973 | 619,925 | |
Eni SpA | 24,324 | 170,391 | |
FinecoBank SpA | 5,878 | 80,438 | |
Infrastrutture Wireless Italiane SpA (b) | 2,164 | 23,388 | |
Intesa Sanpaolo SpA | 158,684 | 263,432 | |
Leonardo SpA | 3,747 | 17,840 | |
Mediobanca SpA | 6,103 | 43,273 | |
Moncler SpA | 1,854 | 74,192 | |
Nexi SpA (a)(b) | 4,214 | 64,734 | |
Pirelli & C. SpA (b) | 4,150 | 17,303 | |
Poste Italiane SpA (b) | 4,832 | 39,393 | |
Prysmian SpA | 2,375 | 64,559 | |
Recordati SpA | 1,035 | 53,629 | |
Snam Rete Gas SpA | 19,439 | 94,860 | |
Telecom Italia SpA | 82,020 | 27,860 | |
Telecom Italia SpA (Risparmio Shares) | 57,547 | 20,931 | |
Terna SpA | 13,468 | 91,039 | |
UniCredit SpA | 20,329 | 151,551 | |
TOTAL ITALY | 2,247,064 | ||
Japan - 25.9% | |||
ABC-MART, Inc. | 300 | 15,217 | |
ACOM Co. Ltd. | 3,500 | 15,729 | |
Advantest Corp. | 1,900 | 110,054 | |
AEON Co. Ltd. | 6,300 | 160,954 | |
AEON MALL Co. Ltd. | 900 | 14,039 | |
Agc, Inc. | 1,900 | 59,329 | |
Air Water, Inc. | 1,900 | 27,147 | |
Aisin Seiki Co. Ltd. | 1,500 | 45,447 | |
Ajinomoto Co., Inc. | 4,500 | 90,408 | |
Alfresa Holdings Corp. | 1,900 | 34,789 | |
Amada Co. Ltd. | 3,100 | 26,981 | |
Ana Holdings, Inc. (a) | 1,200 | 26,173 | |
Aozora Bank Ltd. | 1,100 | 18,072 | |
Asahi Group Holdings | 4,400 | 136,167 | |
ASAHI INTECC Co. Ltd. | 1,800 | 55,779 | |
Asahi Kasei Corp. | 12,000 | 103,987 | |
Astellas Pharma, Inc. | 17,800 | 244,090 | |
Bandai Namco Holdings, Inc. | 1,900 | 141,996 | |
Bank of Kyoto Ltd. | 500 | 22,082 | |
Benesse Holdings, Inc. | 700 | 16,503 | |
Bridgestone Corp. | 5,200 | 169,494 | |
Brother Industries Ltd. | 2,200 | 33,995 | |
Calbee, Inc. | 800 | 24,541 | |
Canon, Inc. | 9,600 | 167,100 | |
Casio Computer Co. Ltd. | 1,900 | 28,865 | |
Central Japan Railway Co. | 1,400 | 169,287 | |
Chiba Bank Ltd. | 5,300 | 27,376 | |
Chubu Electric Power Co., Inc. | 6,200 | 69,451 | |
Chugai Pharmaceutical Co. Ltd. | 6,400 | 247,040 | |
Chugoku Electric Power Co., Inc. | 2,900 | 36,435 | |
Coca-Cola West Co. Ltd. | 1,100 | 15,528 | |
Concordia Financial Group Ltd. | 10,500 | 34,661 | |
Cosmos Pharmaceutical Corp. | 200 | 33,968 | |
CyberAgent, Inc. | 1,000 | 62,898 | |
Dai Nippon Printing Co. Ltd. | 2,400 | 44,711 | |
Dai-ichi Mutual Life Insurance Co. | 10,300 | 153,835 | |
Daicel Chemical Industries Ltd. | 2,200 | 15,701 | |
Daifuku Co. Ltd. | 1,000 | 103,118 | |
Daiichi Sankyo Kabushiki Kaisha | 16,200 | 427,577 | |
Daikin Industries Ltd. | 2,400 | 449,120 | |
Dainippon Sumitomo Pharma Co. Ltd. | 1,840 | 21,567 | |
Daito Trust Construction Co. Ltd. | 600 | 54,579 | |
Daiwa House Industry Co. Ltd. | 5,400 | 141,884 | |
Daiwa House REIT Investment Corp. | 20 | 46,265 | |
Daiwa Securities Group, Inc. | 14,100 | 57,131 | |
DENSO Corp. | 4,200 | 195,706 | |
Dentsu Group, Inc. | 2,100 | 60,539 | |
Disco Corp. | 300 | 80,973 | |
East Japan Railway Co. | 2,900 | 151,651 | |
Eisai Co. Ltd. | 2,400 | 186,609 | |
Electric Power Development Co. Ltd. | 1,300 | 17,569 | |
FamilyMart Co. Ltd. | 1,700 | 37,367 | |
FANUC Corp. | 1,800 | 380,205 | |
Fast Retailing Co. Ltd. | 600 | 418,525 | |
Fuji Electric Co. Ltd. | 1,200 | 36,388 | |
Fujifilm Holdings Corp. | 3,500 | 178,474 | |
Fujitsu Ltd. | 1,900 | 224,798 | |
Fukuoka Financial Group, Inc. | 1,600 | 26,764 | |
GLP J-REIT | 36 | 55,499 | |
GMO Payment Gateway, Inc. | 400 | 49,011 | |
Hakuhodo DY Holdings, Inc. | 2,200 | 28,031 | |
Hamamatsu Photonics K.K. | 1,300 | 65,416 | |
Hankyu Hanshin Holdings, Inc. | 2,200 | 67,173 | |
Hikari Tsushin, Inc. | 155 | 36,354 | |
Hino Motors Ltd. | 2,500 | 19,154 | |
Hirose Electric Co. Ltd. | 300 | 41,875 | |
Hisamitsu Pharmaceutical Co., Inc. | 500 | 23,917 | |
Hitachi Construction Machinery Co. Ltd. | 1,000 | 24,663 | |
Hitachi Ltd. | 9,300 | 313,450 | |
Hitachi Metals Ltd. | 1,900 | 25,196 | |
Honda Motor Co. Ltd. | 15,600 | 368,986 | |
Hoshizaki Corp. | 500 | 39,930 | |
Hoya Corp. | 3,600 | 406,285 | |
Hulic Co. Ltd. | 2,800 | 25,936 | |
Idemitsu Kosan Co. Ltd. | 1,982 | 40,084 | |
Iida Group Holdings Co. Ltd. | 1,300 | 23,520 | |
INPEX Corp. | 9,800 | 46,476 | |
Isetan Mitsukoshi Holdings Ltd. | 3,500 | 17,046 | |
Isuzu Motors Ltd. | 5,400 | 43,813 | |
IT Holdings Corp. | 2,200 | 42,075 | |
ITO EN Ltd. | 500 | 31,667 | |
Itochu Corp. | 12,900 | 309,839 | |
ITOCHU Techno-Solutions Corp. | 900 | 30,535 | |
Japan Airlines Co. Ltd. | 1,000 | 17,466 | |
Japan Airport Terminal Co. Ltd. | 500 | 21,716 | |
Japan Exchange Group, Inc. | 4,900 | 119,625 | |
Japan Post Bank Co. Ltd. | 3,800 | 30,308 | |
Japan Post Holdings Co. Ltd. | 15,100 | 103,608 | |
Japan Post Insurance Co. Ltd. | 2,300 | 36,458 | |
Japan Prime Realty Investment Corp. | 7 | 18,918 | |
Japan Real Estate Investment Corp. | 13 | 63,709 | |
Japan Retail Fund Investment Corp. | 24 | 34,594 | |
Japan Tobacco, Inc. | 11,500 | 216,513 | |
JFE Holdings, Inc. | 4,500 | 31,618 | |
JGC Corp. | 2,200 | 18,089 | |
JSR Corp. | 2,000 | 45,204 | |
JTEKT Corp. | 1,800 | 14,344 | |
JX Holdings, Inc. | 29,300 | 98,867 | |
Kajima Corp. | 4,400 | 47,016 | |
Kakaku.com, Inc. | 1,400 | 36,998 | |
Kamigumi Co. Ltd. | 900 | 16,102 | |
Kansai Electric Power Co., Inc. | 6,800 | 61,883 | |
Kansai Paint Co. Ltd. | 1,800 | 46,408 | |
Kao Corp. | 4,600 | 327,514 | |
Kawasaki Heavy Industries Ltd. | 1,300 | 15,531 | |
KDDI Corp. | 15,500 | 419,352 | |
Keihan Electric Railway Co., Ltd. | 900 | 34,191 | |
Keihin Electric Express Railway Co. Ltd. | 2,000 | 27,969 | |
Keio Corp. | 1,000 | 58,117 | |
Keisei Electric Railway Co. | 1,200 | 33,569 | |
Keyence Corp. | 1,700 | 771,498 | |
Kikkoman Corp. | 1,400 | 69,720 | |
Kintetsu Group Holdings Co. Ltd. | 1,700 | 67,924 | |
Kirin Holdings Co. Ltd. | 7,900 | 142,424 | |
Kobayashi Pharmaceutical Co. Ltd. | 500 | 48,723 | |
Kobe Bussan Co. Ltd. | 1,200 | 33,762 | |
Koito Manufacturing Co. Ltd. | 1,000 | 48,224 | |
Komatsu Ltd. | 8,400 | 189,382 | |
Konami Holdings Corp. | 900 | 35,224 | |
Kose Corp. | 300 | 38,243 | |
Kubota Corp. | 10,000 | 173,781 | |
Kuraray Co. Ltd. | 2,900 | 26,822 | |
Kurita Water Industries Ltd. | 900 | 26,778 | |
Kyocera Corp. | 3,100 | 170,725 | |
Kyowa Hakko Kirin Co., Ltd. | 2,700 | 67,050 | |
Kyushu Electric Power Co., Inc. | 3,500 | 29,342 | |
Kyushu Railway Co. | 1,400 | 29,779 | |
Lasertec Corp. | 700 | 60,635 | |
Lawson, Inc. | 500 | 22,973 | |
LINE Corp. (a) | 400 | 20,525 | |
Lion Corp. | 2,200 | 44,861 | |
LIXIL Group Corp. | 2,500 | 54,286 | |
M3, Inc. | 4,200 | 283,650 | |
Makita Corp. | 2,200 | 97,248 | |
Marubeni Corp. | 15,900 | 83,017 | |
Marui Group Co. Ltd. | 1,900 | 34,337 | |
Maruichi Steel Tube Ltd. | 500 | 11,471 | |
Mazda Motor Corp. | 5,200 | 27,304 | |
McDonald's Holdings Co. (Japan) Ltd. | 600 | 28,453 | |
Mebuki Financial Group, Inc. | 9,700 | 19,489 | |
Medipal Holdings Corp. | 1,700 | 30,304 | |
Meiji Holdings Co. Ltd. | 1,100 | 79,694 | |
Mercari, Inc. (a) | 800 | 33,634 | |
Minebea Mitsumi, Inc. | 3,500 | 63,215 | |
Misumi Group, Inc. | 2,700 | 80,189 | |
Mitsubishi Chemical Holdings Corp. | 12,400 | 69,789 | |
Mitsubishi Corp. | 13,000 | 290,048 | |
Mitsubishi Electric Corp. | 17,500 | 225,380 | |
Mitsubishi Estate Co. Ltd. | 11,300 | 168,549 | |
Mitsubishi Gas Chemical Co., Inc. | 1,500 | 27,344 | |
Mitsubishi Heavy Industries Ltd. | 3,100 | 66,604 | |
Mitsubishi Materials Corp. | 1,000 | 18,349 | |
Mitsubishi Motors Corp. of Japan | 7,100 | 13,022 | |
Mitsubishi UFJ Financial Group, Inc. | 117,300 | 462,385 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 3,500 | 14,829 | |
Mitsui & Co. Ltd. | 15,900 | 249,050 | |
Mitsui Chemicals, Inc. | 1,700 | 43,541 | |
Mitsui Fudosan Co. Ltd. | 8,900 | 151,545 | |
Miura Co. Ltd. | 800 | 37,692 | |
Mizuho Financial Group, Inc. | 23,160 | 285,147 | |
MonotaRO Co. Ltd. | 1,200 | 66,374 | |
MS&AD Insurance Group Holdings, Inc. | 4,300 | 117,671 | |
Murata Manufacturing Co. Ltd. | 5,500 | 385,708 | |
Nabtesco Corp. | 1,100 | 41,094 | |
Nagoya Railroad Co. Ltd. | 1,800 | 47,979 | |
NEC Corp. | 2,400 | 120,888 | |
New Hampshire Foods Ltd. | 800 | 32,770 | |
Nexon Co. Ltd. | 4,600 | 128,206 | |
NGK Insulators Ltd. | 2,600 | 37,143 | |
NGK Spark Plug Co. Ltd. | 1,500 | 26,380 | |
Nidec Corp. | 4,300 | 434,309 | |
Nihon M&A Center, Inc. | 1,400 | 82,210 | |
Nikon Corp. | 2,800 | 17,064 | |
Nintendo Co. Ltd. | 1,100 | 594,758 | |
Nippon Building Fund, Inc. | 14 | 70,711 | |
Nippon Express Co. Ltd. | 700 | 39,256 | |
Nippon Paint Holdings Co. Ltd. | 1,400 | 126,112 | |
Nippon Prologis REIT, Inc. | 21 | 69,120 | |
Nippon Shinyaku Co. Ltd. | 400 | 28,582 | |
Nippon Steel & Sumitomo Metal Corp. | 7,800 | 75,653 | |
Nippon Telegraph & Telephone Corp. | 12,300 | 258,741 | |
Nippon Yusen KK | 1,500 | 27,686 | |
Nissan Chemical Corp. | 1,200 | 63,685 | |
Nissan Motor Co. Ltd. | 22,300 | 78,954 | |
Nisshin Seifun Group, Inc. | 1,800 | 27,106 | |
Nissin Food Holdings Co. Ltd. | 600 | 51,954 | |
Nitori Holdings Co. Ltd. | 800 | 164,445 | |
Nitto Denko Corp. | 1,500 | 105,384 | |
NKSJ Holdings, Inc. | 3,200 | 119,475 | |
Nomura Holdings, Inc. | 30,100 | 134,801 | |
Nomura Real Estate Holdings, Inc. | 1,100 | 19,213 | |
Nomura Real Estate Master Fund, Inc. | 42 | 50,154 | |
Nomura Research Institute Ltd. | 3,100 | 91,380 | |
NSK Ltd. | 3,600 | 28,822 | |
NTT Data Corp. | 6,100 | 68,846 | |
NTT DOCOMO, Inc. | 10,900 | 405,864 | |
Obayashi Corp. | 6,300 | 52,721 | |
OBIC Co. Ltd. | 700 | 123,930 | |
Odakyu Electric Railway Co. Ltd. | 2,900 | 69,984 | |
Oji Holdings Corp. | 7,900 | 33,294 | |
Olympus Corp. | 11,200 | 214,414 | |
OMRON Corp. | 1,800 | 129,971 | |
Ono Pharmaceutical Co. Ltd. | 3,500 | 99,838 | |
Oracle Corp. Japan | 400 | 39,976 | |
Oriental Land Co. Ltd. | 1,900 | 265,958 | |
ORIX Corp. | 12,700 | 148,530 | |
ORIX JREIT, Inc. | 24 | 33,730 | |
Osaka Gas Co. Ltd. | 3,600 | 68,365 | |
Otsuka Corp. | 1,000 | 45,952 | |
Otsuka Holdings Co. Ltd. | 3,700 | 137,035 | |
Pan Pacific International Holdings Ltd. | 4,000 | 84,874 | |
Panasonic Corp. | 21,200 | 195,836 | |
Park24 Co. Ltd. | 1,000 | 13,508 | |
PeptiDream, Inc. (a) | 900 | 41,592 | |
Persol Holdings Co., Ltd. | 1,600 | 24,234 | |
Pigeon Corp. | 1,100 | 50,657 | |
Pola Orbis Holdings, Inc. | 800 | 15,775 | |
Rakuten, Inc. | 8,300 | 80,752 | |
Recruit Holdings Co. Ltd. | 12,200 | 464,218 | |
Renesas Electronics Corp. (a) | 7,700 | 63,561 | |
Resona Holdings, Inc. | 20,100 | 66,269 | |
Ricoh Co. Ltd. | 6,600 | 43,344 | |
Rinnai Corp. | 300 | 29,561 | |
ROHM Co. Ltd. | 900 | 69,198 | |
Ryohin Keikaku Co. Ltd. | 2,400 | 50,374 | |
Santen Pharmaceutical Co. Ltd. | 3,500 | 62,356 | |
SBI Holdings, Inc. Japan | 2,200 | 50,713 | |
SCSK Corp. | 500 | 24,861 | |
Secom Co. Ltd. | 2,000 | 168,958 | |
Sega Sammy Holdings, Inc. | 1,800 | 22,557 | |
Seibu Holdings, Inc. | 2,200 | 21,995 | |
Seiko Epson Corp. | 2,600 | 30,196 | |
Sekisui Chemical Co. Ltd. | 3,500 | 54,559 | |
Sekisui House Ltd. | 6,000 | 99,680 | |
Seven & i Holdings Co. Ltd. | 7,200 | 218,842 | |
Seven Bank Ltd. | 5,300 | 12,163 | |
SG Holdings Co. Ltd. | 3,000 | 72,361 | |
Sharp Corp. | 2,000 | 23,127 | |
Shimadzu Corp. | 2,100 | 60,046 | |
Shimamura Co. Ltd. | 200 | 21,322 | |
SHIMANO, Inc. | 700 | 160,101 | |
SHIMIZU Corp. | 5,500 | 38,188 | |
Shin-Etsu Chemical Co. Ltd. | 3,400 | 454,127 | |
Shinsei Bank Ltd. | 1,400 | 16,844 | |
Shionogi & Co. Ltd. | 2,600 | 122,642 | |
Shiseido Co. Ltd. | 3,800 | 235,247 | |
Shizuoka Bank Ltd. | 3,800 | 25,558 | |
Showa Denko K.K. | 1,400 | 23,805 | |
SMC Corp. | 500 | 265,953 | |
SoftBank Corp. | 27,800 | 323,522 | |
SoftBank Group Corp. | 15,000 | 977,007 | |
Sohgo Security Services Co., Ltd. | 700 | 32,616 | |
Sony Corp. | 12,100 | 1,008,734 | |
Square Enix Holdings Co. Ltd. | 900 | 52,293 | |
Stanley Electric Co. Ltd. | 1,200 | 34,176 | |
Subaru Corp. | 5,900 | 108,283 | |
Sumco Corp. | 2,400 | 36,604 | |
Sumitomo Chemical Co. Ltd. | 14,700 | 48,086 | |
Sumitomo Corp. | 11,400 | 124,723 | |
Sumitomo Electric Industries Ltd. | 7,300 | 80,593 | |
Sumitomo Heavy Industries Ltd. | 1,000 | 21,433 | |
Sumitomo Metal Mining Co. Ltd. | 2,200 | 68,384 | |
Sumitomo Mitsui Financial Group, Inc. | 12,500 | 346,024 | |
Sumitomo Mitsui Trust Holdings, Inc. | 3,200 | 86,040 | |
Sumitomo Realty & Development Co. Ltd. | 3,000 | 80,278 | |
Sumitomo Rubber Industries Ltd. | 1,500 | 13,194 | |
Sundrug Co. Ltd. | 700 | 25,992 | |
Suntory Beverage & Food Ltd. | 1,300 | 44,834 | |
Suzuken Co. Ltd. | 600 | 21,660 | |
Suzuki Motor Corp. | 3,500 | 150,317 | |
Sysmex Corp. | 1,600 | 150,286 | |
T&D Holdings, Inc. | 5,300 | 52,969 | |
Taiheiyo Cement Corp. | 1,100 | 25,819 | |
Taisei Corp. | 1,800 | 56,012 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 360 | 21,661 | |
Taiyo Nippon Sanso Corp. | 1,400 | 20,526 | |
Takeda Pharmaceutical Co. Ltd. | 15,141 | 467,896 | |
TDK Corp. | 1,200 | 141,121 | |
Teijin Ltd. | 1,700 | 26,041 | |
Terumo Corp. | 6,200 | 228,185 | |
THK Co. Ltd. | 1,100 | 29,199 | |
Tobu Railway Co. Ltd. | 1,800 | 51,077 | |
Toho Co. Ltd. | 1,100 | 43,561 | |
Toho Gas Co. Ltd. | 700 | 36,135 | |
Tohoku Electric Power Co., Inc. | 4,200 | 37,057 | |
Tokio Marine Holdings, Inc. | 6,100 | 272,638 | |
Tokyo Century Corp. | 400 | 19,611 | |
Tokyo Electric Power Co., Inc. (a) | 14,000 | 36,125 | |
Tokyo Electron Ltd. | 1,400 | 375,775 | |
Tokyo Gas Co. Ltd. | 3,600 | 81,574 | |
Tokyu Corp. | 4,900 | 58,137 | |
Tokyu Fudosan Holdings Corp. | 6,100 | 26,656 | |
Toppan Printing Co. Ltd. | 2,400 | 30,519 | |
Toray Industries, Inc. | 13,400 | 60,634 | |
Toshiba Corp. | 3,700 | 93,595 | |
Tosoh Corp. | 2,400 | 38,903 | |
Toto Ltd. | 1,400 | 63,918 | |
Toyo Suisan Kaisha Ltd. | 900 | 44,789 | |
Toyoda Gosei Co. Ltd. | 600 | 15,249 | |
Toyota Industries Corp. | 1,400 | 90,473 | |
Toyota Motor Corp. | 20,300 | 1,332,632 | |
Toyota Tsusho Corp. | 2,000 | 55,811 | |
Trend Micro, Inc. | 1,300 | 72,820 | |
Tsuruha Holdings, Inc. | 400 | 56,010 | |
Unicharm Corp. | 3,900 | 180,457 | |
United Urban Investment Corp. | 27 | 28,827 | |
USS Co. Ltd. | 2,000 | 36,581 | |
Welcia Holdings Co. Ltd. | 1,000 | 39,191 | |
West Japan Railway Co. | 1,600 | 68,636 | |
Yakult Honsha Co. Ltd. | 1,200 | 58,072 | |
Yamada Holdings Co. Ltd. | 6,600 | 32,180 | |
Yamaha Corp. | 1,300 | 61,627 | |
Yamaha Motor Co. Ltd. | 2,600 | 37,175 | |
Yamato Holdings Co. Ltd. | 3,000 | 79,411 | |
Yamazaki Baking Co. Ltd. | 1,100 | 18,068 | |
Yaskawa Electric Corp. | 2,300 | 89,433 | |
Yokogawa Electric Corp. | 2,100 | 30,873 | |
Yokohama Rubber Co. Ltd. | 1,100 | 15,801 | |
Z Holdings Corp. | 25,400 | 177,116 | |
Zozo, Inc. | 1,000 | 25,368 | |
TOTAL JAPAN | 33,495,389 | ||
Luxembourg - 0.2% | |||
ArcelorMittal SA (Netherlands) (a) | 6,875 | 93,297 | |
Aroundtown SA | 11,048 | 52,974 | |
Eurofins Scientific SA (a) | 126 | 100,345 | |
SES SA (France) (depositary receipt) | 3,619 | 28,889 | |
Tenaris SA | 4,474 | 21,350 | |
TOTAL LUXEMBOURG | 296,855 | ||
Multi-National - 0.1% | |||
HK Electric Investments & HK Electric Investments Ltd. unit | 24,500 | 24,935 | |
HKT Trust/HKT Ltd. unit | 37,000 | 47,822 | |
TOTAL MULTI-NATIONAL | 72,757 | ||
Netherlands - 5.3% | |||
ABN AMRO Group NV GDR (a)(b) | 4,241 | 34,802 | |
Adyen BV (a)(b) | 173 | 290,769 | |
AEGON NV | 17,314 | 46,575 | |
AerCap Holdings NV (a) | 1,227 | 30,466 | |
Airbus Group NV | 5,634 | 412,218 | |
Akzo Nobel NV | 1,863 | 179,438 | |
Altice Europe NV Class A (a) | 5,550 | 27,335 | |
Argenx SE (a) | 429 | 107,053 | |
ASML Holding NV (Netherlands) | 4,081 | 1,476,518 | |
CNH Industrial NV | 9,801 | 76,022 | |
EXOR NV | 1,054 | 54,748 | |
Ferrari NV | 1,207 | 215,288 | |
Fiat Chrysler Automobiles NV (Italy) | 10,497 | 128,879 | |
Heineken Holding NV | 1,103 | 85,234 | |
Heineken NV (Bearer) | 2,485 | 220,535 | |
ING Groep NV (Certificaten Van Aandelen) | 37,381 | 256,049 | |
Koninklijke Ahold Delhaize NV | 10,548 | 289,797 | |
Koninklijke DSM NV | 1,652 | 264,454 | |
Koninklijke KPN NV | 34,315 | 92,677 | |
Koninklijke Philips Electronics NV | 8,771 | 406,244 | |
NN Group NV | 2,800 | 97,635 | |
Prosus NV | 4,673 | 466,534 | |
QIAGEN NV (Germany) (a) | 2,211 | 104,984 | |
Randstad NV | 1,164 | 58,171 | |
STMicroelectronics NV (France) | 6,101 | 186,106 | |
Takeaway.com Holding BV (a)(b) | 1,214 | 135,054 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit | 1,327 | 53,938 | |
Unilever NV | 14,010 | 792,178 | |
Vopak NV | 655 | 34,046 | |
Wolters Kluwer NV | 2,620 | 212,315 | |
TOTAL NETHERLANDS | 6,836,062 | ||
New Zealand - 0.3% | |||
Auckland International Airport Ltd. | 11,349 | 52,499 | |
Fisher & Paykel Healthcare Corp. | 5,520 | 127,702 | |
Mercury Nz Ltd. | 6,020 | 21,283 | |
Meridian Energy Ltd. | 12,026 | 42,149 | |
Ryman Healthcare Group Ltd. | 3,645 | 33,731 | |
Spark New Zealand Ltd. | 18,721 | 55,558 | |
The a2 Milk Co. Ltd. (a) | 7,096 | 68,712 | |
TOTAL NEW ZEALAND | 401,634 | ||
Norway - 0.5% | |||
Adevinta ASA Class B (a) | 2,306 | 35,629 | |
DNB ASA | 9,094 | 122,598 | |
Equinor ASA | 9,572 | 121,572 | |
Gjensidige Forsikring ASA | 1,955 | 37,127 | |
Mowi ASA | 4,212 | 66,467 | |
Norsk Hydro ASA | 12,679 | 35,500 | |
Orkla ASA | 7,204 | 67,975 | |
Schibsted ASA (B Shares) | 859 | 30,827 | |
Telenor ASA | 6,920 | 106,700 | |
Yara International ASA | 1,740 | 60,602 | |
TOTAL NORWAY | 684,997 | ||
Papua New Guinea - 0.0% | |||
Oil Search Ltd. ADR | 19,612 | 35,409 | |
Portugal - 0.2% | |||
Energias de Portugal SA | 26,533 | 130,776 | |
Galp Energia SGPS SA Class B | 4,886 | 39,680 | |
Jeronimo Martins SGPS SA | 2,508 | 39,842 | |
TOTAL PORTUGAL | 210,298 | ||
Singapore - 1.0% | |||
Ascendas Real Estate Investment Trust | 29,412 | 62,063 | |
CapitaLand Ltd. | 26,397 | 49,674 | |
CapitaMall Trust | 43,180 | 54,733 | |
City Developments Ltd. | 4,200 | 19,504 | |
DBS Group Holdings Ltd. | 17,200 | 256,209 | |
Genting Singapore Ltd. | 61,000 | 28,805 | |
Jardine Cycle & Carriage Ltd. | 900 | 11,707 | |
Keppel Corp. Ltd. | 14,400 | 46,274 | |
Mapletree Commercial Trust | 21,400 | 26,983 | |
Mapletree Logistics Trust (REIT) | 26,600 | 37,998 | |
Mapletree Logistics Trust (REIT) rights 11/10/20 (a) | 505 | 0 | |
Oversea-Chinese Banking Corp. Ltd. | 32,176 | 198,453 | |
Singapore Airlines Ltd. | 12,450 | 30,896 | |
Singapore Exchange Ltd. | 8,000 | 50,739 | |
Singapore Technologies Engineering Ltd. | 14,500 | 37,067 | |
Singapore Telecommunications Ltd. | 78,100 | 116,098 | |
Suntec (REIT) | 20,400 | 20,034 | |
United Overseas Bank Ltd. | 11,200 | 155,618 | |
UOL Group Ltd. | 4,400 | 20,056 | |
Venture Corp. Ltd. | 2,500 | 35,242 | |
Wilmar International Ltd. | 19,100 | 56,546 | |
Yangzijiang Shipbuilding Holdings Ltd. | 27,100 | 18,245 | |
TOTAL SINGAPORE | 1,332,944 | ||
Spain - 2.2% | |||
ACS Actividades de Construccion y Servicios SA | 2,501 | 59,451 | |
Aena Sme SA (a)(b) | 648 | 87,243 | |
Amadeus IT Holding SA Class A | 4,317 | 206,089 | |
Banco Bilbao Vizcaya Argentaria SA | 63,971 | 184,566 | |
Banco Santander SA (Spain) | 159,425 | 319,258 | |
Bankinter SA | 6,659 | 24,949 | |
CaixaBank SA | 34,453 | 62,863 | |
Cellnex Telecom SA (b) | 3,020 | 193,870 | |
Enagas SA | 2,383 | 51,427 | |
Endesa SA | 3,053 | 81,816 | |
Ferrovial SA | 4,637 | 100,314 | |
Gas Natural SDG SA | 2,912 | 54,094 | |
Grifols SA | 2,852 | 77,027 | |
Iberdrola SA | 57,254 | 675,144 | |
Inditex SA | 10,465 | 258,265 | |
MAPFRE SA (Reg.) | 9,432 | 14,215 | |
Red Electrica Corporacion SA | 4,160 | 73,280 | |
Repsol SA | 14,107 | 88,565 | |
Siemens Gamesa Renewable Energy SA | 2,230 | 63,189 | |
Telefonica SA | 46,607 | 151,614 | |
TOTAL SPAIN | 2,827,239 | ||
Sweden - 3.1% | |||
Alfa Laval AB | 3,040 | 61,665 | |
ASSA ABLOY AB (B Shares) | 9,612 | 206,009 | |
Atlas Copco AB: | |||
(A Shares) | 6,353 | 280,510 | |
(B Shares) | 3,836 | 147,131 | |
Boliden AB | 2,619 | 71,579 | |
Electrolux AB (B Shares) | 2,088 | 47,141 | |
Epiroc AB: | |||
Class A | 6,269 | 93,700 | |
Class B | 3,786 | 54,290 | |
EQT AB | 2,345 | 44,682 | |
Ericsson (B Shares) | 27,978 | 312,361 | |
Essity AB Class B | 5,807 | 168,303 | |
Evolution Gaming Group AB (b) | 1,218 | 90,477 | |
H&M Hennes & Mauritz AB (B Shares) | 7,706 | 125,223 | |
Hexagon AB (B Shares) | 2,697 | 197,129 | |
Husqvarna AB (B Shares) | 3,940 | 40,735 | |
ICA Gruppen AB | 999 | 47,298 | |
Industrivarden AB (C Shares) | 1,524 | 38,980 | |
Investor AB (B Shares) | 4,354 | 261,483 | |
Kinnevik AB (B Shares) | 2,354 | 96,597 | |
Latour Investment AB Class B | 1,494 | 34,889 | |
Lundbergfoeretagen AB | 693 | 31,198 | |
Lundin Petroleum AB | 1,847 | 35,255 | |
Nibe Industrier AB (B Shares) | 2,987 | 72,037 | |
Sandvik AB | 10,826 | 192,974 | |
Securitas AB (B Shares) | 2,897 | 41,005 | |
Skandinaviska Enskilda Banken AB (A Shares) (a) | 15,602 | 133,781 | |
Skanska AB (B Shares) | 3,285 | 61,762 | |
SKF AB (B Shares) | 3,703 | 75,821 | |
Svenska Cellulosa AB (SCA) (B Shares) | 5,785 | 78,502 | |
Svenska Handelsbanken AB (A Shares) (a) | 14,913 | 120,835 | |
Swedbank AB (A Shares) (a) | 8,685 | 136,155 | |
Swedish Match Co. AB | 1,561 | 117,640 | |
Tele2 AB (B Shares) | 4,858 | 57,624 | |
Telia Co. AB | 24,213 | 92,842 | |
Volvo AB (B Shares) | 14,257 | 277,421 | |
TOTAL SWEDEN | 3,945,034 | ||
Switzerland - 10.1% | |||
ABB Ltd. (Reg.) | 17,683 | 429,078 | |
Adecco SA (Reg.) | 1,496 | 73,417 | |
Alcon, Inc. (Switzerland) (a) | 4,716 | 267,957 | |
Baloise Holdings AG | 445 | 60,809 | |
Banque Cantonale Vaudoise | 264 | 25,567 | |
Barry Callebaut AG | 28 | 57,805 | |
Clariant AG (Reg.) | 1,843 | 31,596 | |
Coca-Cola HBC AG | 1,925 | 43,767 | |
Compagnie Financiere Richemont SA Series A | 5,010 | 313,144 | |
Credit Suisse Group AG | 23,294 | 219,695 | |
Ems-Chemie Holding AG | 76 | 66,804 | |
Galenica AG | 435 | 48,934 | |
Geberit AG (Reg.) | 356 | 202,663 | |
Givaudan SA | 89 | 362,620 | |
Julius Baer Group Ltd. | 2,147 | 95,859 | |
Kuehne & Nagel International AG | 518 | 103,436 | |
LafargeHolcim Ltd. (Reg.) | 5,025 | 215,643 | |
Lindt & Spruengli AG | 1 | 86,482 | |
Lindt & Spruengli AG (participation certificate) | 10 | 79,285 | |
Logitech International SA (Reg.) | 1,576 | 132,687 | |
Lonza Group AG | 713 | 432,014 | |
Nestle SA (Reg. S) | 28,543 | 3,210,463 | |
Novartis AG | 21,263 | 1,656,868 | |
Partners Group Holding AG | 179 | 161,363 | |
Roche Holding AG (participation certificate) | 6,737 | 2,164,811 | |
Schindler Holding AG: | |||
(participation certificate) | 391 | 99,994 | |
(Reg.) | 194 | 49,804 | |
SGS SA (Reg.) | 58 | 144,913 | |
Siemens Energy AG (a) | 3,668 | 80,312 | |
Sika AG | 1,360 | 334,753 | |
Sonova Holding AG Class B | 528 | 125,241 | |
Straumann Holding AG | 99 | 103,216 | |
Swatch Group AG (Bearer) | 283 | 59,859 | |
Swatch Group AG (Bearer) (Reg.) | 481 | 19,640 | |
Swiss Life Holding AG | 306 | 102,851 | |
Swiss Prime Site AG | 728 | 61,213 | |
Swiss Re Ltd. | 2,826 | 202,608 | |
Swisscom AG | 249 | 126,625 | |
Temenos Group AG | 628 | 67,420 | |
UBS Group AG | 35,160 | 408,177 | |
Zurich Insurance Group Ltd. | 1,435 | 476,629 | |
TOTAL SWITZERLAND | 13,006,022 | ||
United Kingdom - 12.1% | |||
3i Group PLC | 9,299 | 115,770 | |
Admiral Group PLC | 1,840 | 65,552 | |
Anglo American PLC (United Kingdom) | 11,777 | 276,337 | |
Antofagasta PLC | 3,924 | 52,335 | |
Ashtead Group PLC | 4,318 | 156,631 | |
Associated British Foods PLC | 3,414 | 75,078 | |
AstraZeneca PLC (United Kingdom) | 12,579 | 1,263,001 | |
Auto Trader Group PLC (b) | 9,406 | 70,718 | |
Aveva Group PLC | 585 | 32,513 | |
Aviva PLC | 37,505 | 125,101 | |
BAE Systems PLC | 30,738 | 158,005 | |
Barclays PLC (a) | 166,065 | 230,179 | |
Barratt Developments PLC | 9,834 | 61,470 | |
Berkeley Group Holdings PLC | 1,212 | 63,701 | |
BHP Billiton PLC | 20,252 | 392,329 | |
BP PLC | 194,159 | 495,238 | |
British American Tobacco PLC (United Kingdom) | 21,988 | 696,918 | |
British Land Co. PLC | 8,731 | 39,430 | |
BT Group PLC | 85,255 | 111,994 | |
Bunzl PLC | 3,235 | 100,583 | |
Burberry Group PLC | 3,868 | 67,933 | |
Coca-Cola European Partners PLC | 1,970 | 70,349 | |
Compass Group PLC | 17,103 | 234,102 | |
Croda International PLC | 1,238 | 96,775 | |
Diageo PLC | 22,395 | 723,759 | |
Direct Line Insurance Group PLC | 13,632 | 46,535 | |
Evraz PLC | 4,783 | 22,276 | |
GlaxoSmithKline PLC | 48,070 | 802,697 | |
Halma PLC | 3,629 | 111,328 | |
Hargreaves Lansdown PLC | 3,217 | 56,367 | |
Hikma Pharmaceuticals PLC | 1,659 | 53,946 | |
HSBC Holdings PLC (United Kingdom) | 194,793 | 816,298 | |
Imperial Brands PLC | 9,065 | 143,743 | |
Informa PLC | 14,409 | 78,027 | |
InterContinental Hotel Group PLC | 1,668 | 84,621 | |
Intertek Group PLC | 1,547 | 111,671 | |
J Sainsbury PLC | 16,193 | 42,292 | |
John David Group PLC | 4,292 | 41,213 | |
Johnson Matthey PLC | 1,867 | 51,978 | |
Kingfisher PLC | 20,764 | 77,221 | |
Land Securities Group PLC | 6,897 | 45,506 | |
Legal & General Group PLC | 57,164 | 136,855 | |
Lloyds Banking Group PLC | 673,778 | 245,327 | |
London Stock Exchange Group PLC | 3,012 | 324,687 | |
M&G PLC | 25,686 | 48,800 | |
Melrose Industries PLC | 46,584 | 72,208 | |
Mondi PLC | 4,672 | 88,549 | |
National Grid PLC | 33,616 | 400,220 | |
Next PLC | 1,272 | 96,236 | |
NMC Health PLC (a) | 941 | 258 | |
Ocado Group PLC (a) | 4,426 | 130,503 | |
Pearson PLC | 7,212 | 47,648 | |
Persimmon PLC | 3,050 | 92,302 | |
Prudential PLC | 24,936 | 304,980 | |
Reckitt Benckiser Group PLC | 6,803 | 599,266 | |
RELX PLC (London Stock Exchange) | 18,537 | 366,824 | |
Rentokil Initial PLC (a) | 17,706 | 120,655 | |
Rio Tinto PLC | 10,755 | 608,318 | |
Rolls-Royce Holdings PLC | 18,526 | 17,117 | |
Rolls-Royce Holdings PLC rights 11/6/20 (a) | 61,753 | 31,200 | |
Royal Bank of Scotland Group PLC | 46,339 | 74,560 | |
Royal Dutch Shell PLC: | |||
Class A (United Kingdom) | 39,114 | 492,034 | |
Class B (United Kingdom) | 35,653 | 429,952 | |
RSA Insurance Group PLC | 10,212 | 56,041 | |
Sage Group PLC | 10,413 | 85,743 | |
Schroders PLC | 1,232 | 41,721 | |
Scottish & Southern Energy PLC | 9,864 | 160,374 | |
Segro PLC | 11,210 | 130,993 | |
Severn Trent PLC | 2,312 | 72,783 | |
Smith & Nephew PLC | 8,370 | 145,338 | |
Smiths Group PLC | 3,828 | 65,932 | |
Spirax-Sarco Engineering PLC | 705 | 103,023 | |
St. James's Place Capital PLC | 5,109 | 59,515 | |
Standard Chartered PLC (United Kingdom) | 26,039 | 118,675 | |
Standard Life PLC | 22,271 | 64,773 | |
Taylor Wimpey PLC | 34,936 | 47,885 | |
Tesco PLC | 93,730 | 249,467 | |
Unilever PLC | 11,203 | 639,174 | |
United Utilities Group PLC | 6,513 | 72,850 | |
Vodafone Group PLC | 256,685 | 342,410 | |
Whitbread PLC | 1,925 | 53,543 | |
WM Morrison Supermarkets PLC | 23,378 | 49,336 | |
TOTAL UNITED KINGDOM | 15,649,595 | ||
TOTAL COMMON STOCKS | |||
(Cost $130,356,168) | 125,469,685 | ||
Nonconvertible Preferred Stocks - 0.5% | |||
Germany - 0.5% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 534 | 27,613 | |
Fuchs Petrolub AG | 638 | 32,828 | |
Henkel AG & Co. KGaA | 1,703 | 165,653 | |
Porsche Automobil Holding SE (Germany) | 1,469 | 78,700 | |
Sartorius AG (non-vtg.) | 341 | 144,323 | |
Volkswagen AG | 1,766 | 257,302 | |
TOTAL GERMANY | 706,419 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $679,604) | 706,419 | ||
Money Market Funds - 1.8% | |||
Fidelity Cash Central Fund 0.10% (d) | 2,168,536 | 2,168,970 | |
Fidelity Securities Lending Cash Central Fund 0.11% (d)(e) | 94,316 | 94,325 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $2,263,295) | 2,263,295 | ||
TOTAL INVESTMENT IN SECURITIES - 99.4% | |||
(Cost $133,299,067) | 128,439,399 | ||
NET OTHER ASSETS (LIABILITIES) - 0.6% | 790,758 | ||
NET ASSETS - 100% | $129,230,157 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI EAFE Index Contracts (United States) | 34 | Dec. 2020 | $3,032,630 | $(161,108) | $(161,108) |
The notional amount of futures purchased as a percentage of Net Assets is 2.3%
For the period, the average monthly notional amount at value for futures contracts in the aggregate was $4,239,214.
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,308,880 or 1.8% of net assets.
(c) Security or a portion of the security is on loan at period end.
(d) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(e) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $18,897 |
Fidelity Securities Lending Cash Central Fund | 20 |
Total | $18,917 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 2020, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $7,214,443 | $1,710,061 | $5,504,382 | $-- |
Consumer Discretionary | 15,411,967 | 6,180,100 | 9,231,867 | -- |
Consumer Staples | 14,863,930 | 4,533,248 | 10,330,682 | -- |
Energy | 3,389,407 | 434,362 | 2,955,045 | -- |
Financials | 19,463,911 | 6,888,029 | 12,575,882 | -- |
Health Care | 17,421,710 | 2,824,370 | 14,597,340 | -- |
Industrials | 19,262,714 | 7,617,975 | 11,644,739 | -- |
Information Technology | 10,568,950 | 2,182,537 | 8,386,413 | -- |
Materials | 9,563,372 | 4,290,897 | 5,272,475 | -- |
Real Estate | 3,940,219 | 1,625,477 | 2,314,742 | -- |
Utilities | 5,075,481 | 3,385,641 | 1,689,840 | -- |
Money Market Funds | 2,263,295 | 2,263,295 | -- | -- |
Total Investments in Securities: | $128,439,399 | $43,935,992 | $84,503,407 | $-- |
Derivative Instruments: | ||||
Liabilities | ||||
Futures Contracts | $(161,108) | $(161,108) | $-- | $-- |
Total Liabilities | $(161,108) | $(161,108) | $-- | $-- |
Total Derivative Instruments: | $(161,108) | $(161,108) | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2020. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.
Primary Risk Exposure / Derivative Type | Value | |
Asset | Liability | |
Equity Risk | ||
Futures Contracts(a) | $0 | $(161,108) |
Total Equity Risk | 0 | (161,108) |
Total Value of Derivatives | $0 | $(161,108) |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Financial Statements
Statement of Assets and Liabilities
October 31, 2020 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $86,562) — See accompanying schedule: Unaffiliated issuers (cost $131,035,772) | $126,176,104 | |
Fidelity Central Funds (cost $2,263,295) | 2,263,295 | |
Total Investment in Securities (cost $133,299,067) | $128,439,399 | |
Segregated cash with brokers for derivative instruments | 253,440 | |
Cash | 17,077 | |
Foreign currency held at value (cost $67,346) | 66,880 | |
Receivable for fund shares sold | 176,244 | |
Dividends receivable | 485,497 | |
Distributions receivable from Fidelity Central Funds | 183 | |
Receivable from investment adviser for expense reductions | 392 | |
Other receivables | 17 | |
Total assets | 129,439,129 | |
Liabilities | ||
Payable for investments purchased | $8 | |
Payable for fund shares redeemed | 53,149 | |
Payable for daily variation margin on futures contracts | 16,388 | |
Other payables and accrued expenses | 45,102 | |
Collateral on securities loaned | 94,325 | |
Total liabilities | 208,972 | |
Net Assets | $129,230,157 | |
Net Assets consist of: | ||
Paid in capital | $133,731,488 | |
Total accumulated earnings (loss) | (4,501,331) | |
Net Assets | $129,230,157 | |
Net Asset Value, offering price and redemption price per share ($129,230,157 ÷ 13,546,263 shares) | $9.54 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2020 | ||
Investment Income | ||
Dividends | $3,064,930 | |
Non-Cash dividends | 184,285 | |
Interest | 1,108 | |
Income from Fidelity Central Funds (including $20 from security lending) | 18,917 | |
Income before foreign taxes withheld | 3,269,240 | |
Less foreign taxes withheld | (287,421) | |
Total income | 2,981,819 | |
Expenses | ||
Custodian fees and expenses | $130,404 | |
Independent trustees' fees and expenses | 652 | |
Miscellaneous | 312 | |
Total expenses before reductions | 131,368 | |
Expense reductions | (113,126) | |
Total expenses after reductions | 18,242 | |
Net investment income (loss) | 2,963,577 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (1,341,050) | |
Fidelity Central Funds | (96) | |
Foreign currency transactions | (40,423) | |
Futures contracts | (362,174) | |
Total net realized gain (loss) | (1,743,743) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | (8,135,677) | |
Assets and liabilities in foreign currencies | 8,260 | |
Futures contracts | (195,826) | |
Total change in net unrealized appreciation (depreciation) | (8,323,243) | |
Net gain (loss) | (10,066,986) | |
Net increase (decrease) in net assets resulting from operations | $(7,103,409) |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2020 | Year ended October 31, 2019 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $2,963,577 | $1,720,804 |
Net realized gain (loss) | (1,743,743) | (318,609) |
Change in net unrealized appreciation (depreciation) | (8,323,243) | 3,931,618 |
Net increase (decrease) in net assets resulting from operations | (7,103,409) | 5,333,813 |
Distributions to shareholders | (2,090,585) | (56,298) |
Share transactions | ||
Proceeds from sales of shares | 58,502,909 | 90,340,890 |
Reinvestment of distributions | 2,090,585 | 56,298 |
Cost of shares redeemed | (24,758,269) | (2,715,675) |
Net increase (decrease) in net assets resulting from share transactions | 35,835,225 | 87,681,513 |
Total increase (decrease) in net assets | 26,641,231 | 92,959,028 |
Net Assets | ||
Beginning of period | 102,588,926 | 9,629,898 |
End of period | $129,230,157 | $102,588,926 |
Other Information | ||
Shares | ||
Sold | 6,056,616 | 9,096,286 |
Issued in reinvestment of distributions | 201,018 | 6,180 |
Redeemed | (2,563,671) | (271,449) |
Net increase (decrease) | 3,693,963 | 8,831,017 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Series International Index Fund
Years ended October 31, | 2020 | 2019 | 2018 A |
Selected Per–Share Data | |||
Net asset value, beginning of period | $10.41 | $9.43 | $10.00 |
Income from Investment Operations | |||
Net investment income (loss)B | .24 | .33 | .05 |
Net realized and unrealized gain (loss) | (.90) | .71 | (.62) |
Total from investment operations | (.66) | 1.04 | (.57) |
Distributions from net investment income | (.20) | (.06) | – |
Distributions from net realized gain | (.01) | – | – |
Total distributions | (.21) | (.06) | – |
Net asset value, end of period | $9.54 | $10.41 | $9.43 |
Total ReturnC,D | (6.52)% | 11.06% | (5.70)% |
Ratios to Average Net AssetsE,F | |||
Expenses before reductions | .11% | .24% | 1.18%G |
Expenses net of fee waivers, if any | .02% | .01% | .01%G |
Expenses net of all reductions | .02% | .01% | .01%G |
Net investment income (loss) | 2.47% | 3.33% | 2.29%G |
Supplemental Data | |||
Net assets, end of period (000 omitted) | $129,230 | $102,589 | $9,630 |
Portfolio turnover rateH | 3% | 2% | 1%I |
A For the period August 17, 2018 (commencement of operations) to October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Annualized
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
I Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended October 31, 2020
1. Organization.
Fidelity Series International Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered only to certain other Fidelity funds and Fidelity managed 529 plans. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.
Effective January 1, 2020:
Investment advisers Fidelity Investments Money Management, Inc., FMR Co., Inc., and Fidelity SelectCo, LLC, merged with and into Fidelity Management & Research Company. In connection with the merger transactions, the resulting, merged investment adviser was then redomiciled from Massachusetts to Delaware, changed its corporate structure from a corporation to a limited liability company, and changed its name to "Fidelity Management & Research Company LLC".
2. Investments in Fidelity Central Funds.
The Fund invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
- Level 1 – quoted prices in active markets for identical investments
- Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
- Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 2020 is included at the end of the Fund's Schedule of Investments.
Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2020, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards and losses deferred due to wash sales.
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:
Gross unrealized appreciation | $14,367,733 |
Gross unrealized depreciation | (19,746,230) |
Net unrealized appreciation (depreciation) | $(5,378,497) |
Tax Cost | $133,817,896 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $2,569,539 |
Capital loss carryforward | $(1,702,296) |
Net unrealized appreciation (depreciation) on securities and other investments | $(5,368,572) |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
No expiration | |
Short-term | $(697,112) |
Long-term | (1,005,184) |
Total capital loss carryforward | $(1,702,296) |
The tax character of distributions paid was as follows:
October 31, 2020 | October 31, 2019 | |
Ordinary Income | $2,090,585 | $ 56,298 |
Restricted Securities (including Private Placements). The Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of the Fund's Schedule of Investments.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity Series International Index Fund | 42,417,065 | 3,881,708 |
6. Fees and Other Transactions with Affiliates.
Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund does not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Fund, except custody fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.
Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.
7. Committed Line of Credit.
Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:
Amount | |
Fidelity Series International Index Fund | $273 |
During the period, there were no borrowings on this line of credit.
8. Security Lending.
Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:
Total Security Lending Income Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Series International Index Fund | $2 | $- | $- |
9. Expense Reductions.
The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .013% of average net assets. This reimbursement will remain in place through February 28, 2023. The expense limitation prior to August 1, 2020 was .014%. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $113,126.
10. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
At the end of the period, mutual funds and accounts managed by FMR or its affiliates were the owners of record of all of the outstanding shares of the Fund.
11. Coronavirus (COVID-19) Pandemic.
An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity Series International Index Fund:
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statement of assets and liabilities of Fidelity Series International Index Fund (the "Fund"), a fund of Fidelity Concord Street Trust, including the schedule of investments, as of October 31, 2020, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the two years in the period then ended and for the period from August 17, 2018 (commencement of operations) through October 31, 2018, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the two years in the period then ended and for the period from August 17, 2018 (commencement of operations) through October 31, 2018 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2020, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
December 16, 2020
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 305 funds. Mr. Chiel oversees 176 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
The fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach and David M. Thomas serve as Co-Lead Independent Trustees and as such each (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York, a member of the Board of NYC Leadership Academy (2012-present) and a member of the Board of Advisors of Ripple Labs, Inc. (financial services, 2015-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Compensation Committee and Executive Committee and as Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Alan J. Lacy (1953)
Year of Election or Appointment: 2008
Trustee
Mr. Lacy also serves as Trustee of other Fidelity® funds. Previously, Mr. Lacy served as Senior Adviser (2007-2014) of Oak Hill Capital Partners, L.P. (private equity), Chief Executive Officer (2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation (retail), Chief Executive Officer and Chairman of the Board of Sears, Roebuck and Co. (retail, 2000-2005), Chairman (2014-2017) and a member of the Board (2010-2017) of Dave & Buster’s Entertainment, Inc. (restaurant and entertainment complexes) and a member of the Board of Bristol-Myers Squibb Company (global pharmaceuticals, 2008-2020). Mr. Lacy currently serves as a Trustee of the California Chapter of The Nature Conservancy (2015-present) and a member of the Board of the Center for Advanced Study in the Behavioral Sciences at Stanford University (2015-present).
Ned C. Lautenbach (1944)
Year of Election or Appointment: 2000
Trustee
Co-Lead Independent Trustee
Mr. Lautenbach also serves as Trustee of other Fidelity® funds. Mr. Lautenbach currently serves as Chair of the Board of Governors, State University System of Florida (2013-present) and is a member of the Council on Foreign Relations (1994-present). He is also a member and has in the past served as Chairman of the Board of Directors of Artis-Naples (2012-present). Previously, Mr. Lautenbach served as a member and then Lead Director of the Board of Directors of Eaton Corporation (diversified industrial, 1997-2016). He was also a Partner at Clayton, Dubilier & Rice, LLC (private equity investment, 1998-2010); as well as Director of Sony Corporation (2006-2007). In addition, Mr. Lautenbach had a 30-year career with IBM (technology company), during which time he served as Senior Vice President and as a member of the Corporate Executive Committee (1968-1998).
Joseph Mauriello (1944)
Year of Election or Appointment: 2008
Trustee
Mr. Mauriello also serves as Trustee of other Fidelity® funds. Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Independent Directors Council Governing Council (2015-present). Previously, Mr. Mauriello served as a member of the Board of XL Group plc. (global insurance and re-insurance, 2006-2018).
Cornelia M. Small (1944)
Year of Election or Appointment: 2005
Trustee
Ms. Small also serves as Trustee of other Fidelity® funds. Previously, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments and a member of Scudder, Stevens & Clark and Scudder Kemper Investments. Ms. Small previously served as a member of the Board (2009-2019) and Chair of the Investment Committee (2010-2019) of the Teagle Foundation and a member of the Investment Committee of the Berkshire Taconic Community Foundation (2008-2019).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Co-Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as Non-Executive Chairman of the Board of Fortune Brands Home and Security (home and security products, 2011-present), and a member of the Board (2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member of the Board of the Columbus Regional Airport Authority (2007-present), as a member of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board (2011-2019) and as Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Lloyd James Austin, III (1953)
Year of Election or Appointment: 2020
Member of the Advisory Board
General Austin also serves as a Member of the Advisory Board of other Fidelity® funds. Prior to his retirement, General Austin (United States Army, Retired) held a variety of positions within the U.S. Government, including Commander, U.S. Central Command (2013-2016), Vice Chief of Staff, U.S. Army (2012-2013) and Commanding General, U.S. Forces – Iraq, Operation New Dawn (2010-2012). General Austin currently serves as a Partner of Pine Island Capital Partners (private equity, 2020-present) and as President of the Austin Strategy Group LLC (consulting, 2016-present). General Austin serves as a member of the Board of Directors of Nucor Corporation (steel products, 2017-present), as a member of the Board of Directors of Tenet Healthcare Corporation (2018-present) and as a member of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). In addition, General Austin currently serves as a member of the Board of Trustees of the Carnegie Corporation of New York (2017-present) and as a member of the Board of Trustees of Auburn University (2017-present). Previously, General Austin served as a member of the Board of Directors of United Technologies Corporation (aerospace, defense and building, 2016-2020).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2020
Member of the Advisory Board
Mr. Kennedy also serves as a Member of the Advisory Board of other Fidelity® funds. Previously, Mr. Kennedy held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Elizabeth Paige Baumann (1968)
Year of Election or Appointment: 2017
Anti-Money Laundering (AML) Officer
Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of certain funds (2017-2019), as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Marc L. Spector (1972)
Year of Election or Appointment: 2016
Assistant Treasurer
Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche LLP (accounting firm, 2005-2013).
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).
Shareholder Expense Example
As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2020 to October 31, 2020).
Actual Expenses
The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Annualized Expense Ratio-A | Beginning Account Value May 1, 2020 | Ending Account Value October 31, 2020 | Expenses Paid During Period-B May 1, 2020 to October 31, 2020 | |
Fidelity Series International Index Fund | .01% | |||
Actual | $1,000.00 | $1,092.80 | $.05 | |
Hypothetical-C | $1,000.00 | $1,025.09 | $.05 |
A Annualized expense ratio reflects expenses net of applicable fee waivers.
B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 366 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.
C 5% return per year before expenses
Distributions (Unaudited)
The fund designates 86% of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
The fund will notify shareholders in January 2021 of amounts for use in preparing 2020 income tax returns.
Proxy Voting Results
A special meeting of shareholders was held on June 9, 2020. The results of votes taken among shareholders on the proposals before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
PROPOSAL 1
To elect a Board of Trustees.
# of Votes | % of Votes | |
Dennis J. Dirks | ||
Affirmative | 153,310,852,719.993 | 94.554 |
Withheld | 8,830,820,397.844 | 5.446 |
TOTAL | 162,141,673,117.837 | 100.000 |
Donald F. Donahue | ||
Affirmative | 153,409,297,334.631 | 94.614 |
Withheld | 8,732,375,783.206 | 5.386 |
TOTAL | 162,141,673,117.837 | 100.000 |
Bettina Doulton | ||
Affirmative | 154,057,198,754.144 | 95.014 |
Withheld | 8,084,474,363.693 | 4.986 |
TOTAL | 162,141,673,117.837 | 100.000 |
Vicki L. Fuller | ||
Affirmative | 154,419,985,979.903 | 95.238 |
Withheld | 7,721,687,137.934 | 4.762 |
TOTAL | 162,141,673,117.837 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 153,773,968,211.778 | 94.839 |
Withheld | 8,367,704,906.059 | 5.161 |
TOTAL | 162,141,673,117.837 | 100.000 |
Alan J. Lacy | ||
Affirmative | 152,412,406,811.772 | 94.000 |
Withheld | 9,729,266,306.065 | 6.000 |
TOTAL | 162,141,673,117.837 | 100.000 |
Ned C. Lautenbach | ||
Affirmative | 151,421,801,314.429 | 93.389 |
Withheld | 10,719,871,803.408 | 6.611 |
TOTAL | 162,141,673,117.837 | 100.000 |
Robert A. Lawrence | ||
Affirmative | 152,467,970,401.411 | 94.034 |
Withheld | 9,673,702,716.426 | 5.966 |
TOTAL | 162,141,673,117.837 | 100.000 |
Joseph Mauriello | ||
Affirmative | 152,391,361,586.517 | 93.987 |
Withheld | 9,750,311,531.320 | 6.013 |
TOTAL | 162,141,673,117.837 | 100.000 |
Cornelia M. Small | ||
Affirmative | 153,101,624,672.870 | 94.425 |
Withheld | 9,040,048,444.967 | 5.575 |
TOTAL | 162,141,673,117.837 | 100.000 |
Garnett A. Smith | ||
Affirmative | 152,502,318,423.900 | 94.055 |
Withheld | 9,639,354,693.937 | 5.945 |
TOTAL | 162,141,673,117.837 | 100.000 |
David M. Thomas | ||
Affirmative | 152,608,626,434.284 | 94.121 |
Withheld | 9,533,046,683.553 | 5.879 |
TOTAL | 162,141,673,117.837 | 100.000 |
Susan Tomasky | ||
Affirmative | 153,605,526,235.885 | 94.735 |
Withheld | 8,536,146,881.952 | 5.265 |
TOTAL | 162,141,673,117.837 | 100.000 |
Michael E. Wiley | ||
Affirmative | 152,567,303,629.801 | 94.095 |
Withheld | 9,574,369,488.036 | 5.905 |
TOTAL | 162,141,673,117.837 | 100.000 |
Proposal 1 reflects trust wide proposal and voting results. |
IIF-ANN-1220
1.9891249.102
Fidelity ZERO℠ Extended Market Index Fund
Fidelity ZERO℠ International Index Fund
Fidelity ZERO℠ Large Cap Index Fund
Fidelity ZERO℠ Total Market Index Fund
October 31, 2020
See the inside front cover for important information about access to your fund’s shareholder reports.
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the fund or from your financial intermediary, such as a financial advisor, broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a fund electronically, by contacting your financial intermediary. For Fidelity customers, visit Fidelity's web site or call Fidelity using the contact information listed below.
You may elect to receive all future reports in paper free of charge. If you wish to continue receiving paper copies of your shareholder reports, you may contact your financial intermediary or, if you are a Fidelity customer, visit Fidelity’s website, or call Fidelity at the applicable toll-free number listed below. Your election to receive reports in paper will apply to all funds held with the fund complex/your financial intermediary.
Account Type | Website | Phone Number |
Brokerage, Mutual Fund, or Annuity Contracts: | fidelity.com/mailpreferences | 1-800-343-3548 |
Employer Provided Retirement Accounts: | netbenefits.fidelity.com/preferences (choose 'no' under Required Disclosures to continue to print) | 1-800-343-0860 |
Advisor Sold Accounts Serviced Through Your Financial Intermediary: | Contact Your Financial Intermediary | Your Financial Intermediary's phone number |
Advisor Sold Accounts Serviced by Fidelity: | institutional.fidelity.com | 1-877-208-0098 |
Contents
Fidelity ZERO℠ Extended Market Index Fund | |
Fidelity ZERO℠ International Index Fund | |
Fidelity ZERO℠ Large Cap Index Fund | |
Fidelity ZERO℠ Total Market Index Fund | |
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.
You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2020 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.
For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE
Neither the Funds nor Fidelity Distributors Corporation is a bank.
Note to Shareholders:
Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.
In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, global governments and central banks took unprecedented action to help support consumers, businesses, and the broader economies, and to limit disruption to financial systems.
The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.
Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Fidelity ZERO℠ Extended Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2020 | Past 1 year | Life of fundA |
Fidelity ZERO℠ Extended Market Index Fund | (0.06)% | (1.41)% |
A From September 13, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO℠ Extended Market Index Fund on September 13, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Extended Investable Market Index℠ performed over the same period.
Period Ending Values | ||
$9,701 | Fidelity ZERO℠ Extended Market Index Fund | |
$9,695 | Fidelity U.S. Extended Investable Market Index℠ |
Fidelity ZERO℠ Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 9.71% for the 12 months ending October 31, 2020, a volatile period marked by a steep but brief decline due to the early-2020 outbreak and spread of the coronavirus, followed by a historic rebound. Declared a pandemic on March 11, the COVID-19 crisis and containment efforts caused broad contraction in economic activity, along with extreme uncertainty, volatility and dislocation in financial markets. By mid-March, U.S. stocks had entered bear-market territory less than a month after hitting an all-time high and extending the longest-running bull market in American history. A historically rapid and expansive U.S. monetary/fiscal-policy response provided a partial offset to the economic disruption and fueled a sharp uptrend beginning March 24. Other supporting factors included resilient corporate earnings, near-term potential for a COVID-19 vaccine breakthrough and traction on a broader economic reopening. The historic rally lasted until September 2, when the S&P 500 achieved an all-time high, before retreating through October 31. The loss of momentum reflected Congress’s inability to reach a deal on additional fiscal stimulus, as well as concerns about election uncertainty, indications the U.S. economic recovery is stalling, a second wave of COVID-19 cases, and stretched valuations and crowded positioning in big tech. Growth stocks dominated value shares for the year. By sector, information technology (+34%) led. In contrast, energy (-46%) fell hard along with the price of crude oil.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2020, the fund returned -0.06%, roughly in line with the -0.05% result of the benchmark Fidelity U.S. Extended Investable Market Index. By sector, stocks in the financials sector returned roughly -18% and detracted most. Real estate (-28%) and energy (-54%) also hurt. Other notable detractors included the utilities (-17%), materials (-2%), and industrials (-1%) sectors. Conversely, health care advanced approximately 36% and contributed most. Information technology stocks also helped, gaining about 17%. The consumer discretionary sector rose roughly 8%, driven by the retailing industry (+30%). Communication services gained 6%, boosted by the media & entertainment industry (+6%). The consumer staples sector (+4%) also contributed, lifted by the food, beverage & tobacco industry (+11%). Turning to individual stocks, the biggest individual detractor was National Oilwell Varco (-63%), from the energy sector. Also in energy, Targa Resources (-58%), Marathon Oil (-61%), and TechnipFMC (-67%) hurt. Spirit Aerosystem, within the capital goods group, returned approximately -72% and hindered the fund. Conversely, the biggest individual contributor was Immunomedics (+450%), from the pharmaceuticals, biotechnology & life sciences industry. In media & entertainment, Pinterest (+202%) helped. Wayfair, within the retailing segment, advanced about 201% and lifted the fund. Another contributor was Moderna (+271%), a stock in the pharmaceuticals, biotechnology & life sciences category.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO℠ Extended Market Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2020
% of fund's net assets | |
Zoom Video Communications, Inc. Class A | 1.9 |
Match Group, Inc. | 0.7 |
Pinterest, Inc. Class A | 0.6 |
Teladoc Health, Inc. | 0.5 |
Moderna, Inc. | 0.5 |
Crowdstrike Holdings, Inc. | 0.4 |
Wayfair LLC Class A | 0.4 |
Horizon Therapeutics PLC | 0.4 |
Etsy, Inc. | 0.3 |
Catalent, Inc. | 0.3 |
6.0 |
Top Market Sectors as of October 31, 2020
% of fund's net assets | |
Information Technology | 18.4 |
Health Care | 16.8 |
Industrials | 14.8 |
Consumer Discretionary | 13.6 |
Financials | 12.3 |
Real Estate | 6.7 |
Materials | 4.9 |
Communication Services | 4.4 |
Consumer Staples | 3.6 |
Utilities | 2.2 |
Asset Allocation (% of fund's net assets)
As of October 31, 2020 * | ||
Stocks and Equity Futures | 99.9% | |
Short-Term Investments and Net Other Assets (Liabilities) | 0.1% |
* Foreign investments - 4.4%
Fidelity ZERO℠ Extended Market Index Fund
Schedule of Investments October 31, 2020
Showing Percentage of Net Assets
Common Stocks - 99.4% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 4.4% | |||
Diversified Telecommunication Services - 0.6% | |||
ATN International, Inc. | 1,527 | $68,257 | |
Bandwidth, Inc. (a) | 2,786 | 446,749 | |
Cincinnati Bell, Inc. (a) | 7,021 | 105,666 | |
Cogent Communications Group, Inc. | 5,660 | 315,828 | |
Consolidated Communications Holdings, Inc. (a) | 10,026 | 46,821 | |
GCI Liberty, Inc. (a) | 13,548 | 1,100,504 | |
Iridium Communications, Inc. (a) | 15,608 | 412,207 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 4,940 | 48,412 | |
Class C (a) | 26,733 | 259,845 | |
ORBCOMM, Inc. (a) | 11,469 | 49,317 | |
PDVWireless, Inc. (a) | 1,612 | 51,455 | |
Vonage Holdings Corp. (a) | 31,017 | 328,160 | |
3,233,221 | |||
Entertainment - 0.4% | |||
AMC Entertainment Holdings, Inc. Class A (b) | 7,655 | 18,066 | |
Cinemark Holdings, Inc. (b) | 14,029 | 114,898 | |
Glu Mobile, Inc. (a) | 19,816 | 141,883 | |
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 10,009 | 67,060 | |
Class B (a) | 13,916 | 87,253 | |
Madison Square Garden Entertainment Corp. (a) | 2,412 | 156,780 | |
Marcus Corp. (b) | 2,998 | 21,975 | |
Sciplay Corp. (A Shares) (a) | 3,150 | 42,053 | |
The Madison Square Garden Co. (a) | 2,312 | 327,472 | |
World Wrestling Entertainment, Inc. Class A | 6,272 | 228,050 | |
Zynga, Inc. (a) | 134,683 | 1,210,800 | |
2,416,290 | |||
Interactive Media & Services - 1.9% | |||
ANGI Homeservices, Inc. Class A (a) | 9,653 | 102,322 | |
CarGurus, Inc. Class A (a) | 11,528 | 229,753 | |
Cars.com, Inc. (a) | 9,443 | 69,784 | |
Eventbrite, Inc. (a) | 8,780 | 81,039 | |
EverQuote, Inc. Class A (a) | 1,442 | 48,293 | |
Liberty TripAdvisor Holdings, Inc. (a) | 9,163 | 16,310 | |
Match Group, Inc. (a)(b) | 34,916 | 4,077,490 | |
Pinterest, Inc. Class A (a) | 62,140 | 3,663,153 | |
QuinStreet, Inc. (a) | 6,639 | 106,257 | |
TripAdvisor, Inc. | 12,756 | 243,767 | |
TrueCar, Inc. (a) | 13,698 | 59,723 | |
Yelp, Inc. (a) | 9,139 | 179,764 | |
Zillow Group, Inc.: | |||
Class A (a) | 4,330 | 386,799 | |
Class C (a)(b) | 19,756 | 1,750,777 | |
11,015,231 | |||
Media - 1.4% | |||
Altice U.S.A., Inc. Class A (a) | 44,425 | 1,197,254 | |
AMC Networks, Inc. Class A (a)(b) | 5,263 | 111,839 | |
Cable One, Inc. | 728 | 1,260,794 | |
Cardlytics, Inc. (a)(b) | 3,655 | 269,812 | |
Clear Channel Outdoor Holdings, Inc. (a) | 61,087 | 54,612 | |
comScore, Inc. (a) | 7,743 | 15,447 | |
Cumulus Media, Inc. (a) | 1,847 | 9,346 | |
E.W. Scripps Co. Class A | 7,768 | 70,533 | |
Entercom Communications Corp. Class A | 15,346 | 23,019 | |
Gannett Co., Inc. (b) | 18,159 | 20,883 | |
Gray Television, Inc. (a) | 11,930 | 151,272 | |
Interpublic Group of Companies, Inc. | 52,083 | 942,181 | |
John Wiley & Sons, Inc. Class A | 5,908 | 182,912 | |
Loral Space & Communications Ltd. | 1,760 | 30,642 | |
Meredith Corp. | 5,490 | 60,390 | |
MSG Network, Inc. Class A (a)(b) | 6,071 | 54,275 | |
National CineMedia, Inc. | 8,095 | 16,069 | |
News Corp.: | |||
Class A | 49,826 | 654,215 | |
Class B | 18,678 | 243,188 | |
Nexstar Broadcasting Group, Inc. Class A | 6,020 | 496,048 | |
Scholastic Corp. | 4,110 | 81,214 | |
Sinclair Broadcast Group, Inc. Class A | 6,253 | 116,181 | |
Sirius XM Holdings, Inc. | 162,726 | 932,420 | |
TechTarget, Inc. (a) | 3,197 | 140,029 | |
Tegna, Inc. | 29,281 | 352,250 | |
The New York Times Co. Class A | 19,437 | 770,871 | |
WideOpenWest, Inc. (a) | 6,484 | 32,355 | |
8,290,051 | |||
Wireless Telecommunication Services - 0.1% | |||
Boingo Wireless, Inc. (a) | 5,987 | 55,919 | |
Gogo, Inc. (a)(b) | 6,594 | 53,016 | |
NII Holdings, Inc. (a)(c) | 10,174 | 22,078 | |
Shenandoah Telecommunications Co. | 6,615 | 288,546 | |
Telephone & Data Systems, Inc. | 13,488 | 229,296 | |
U.S. Cellular Corp. (a) | 2,158 | 62,841 | |
711,696 | |||
TOTAL COMMUNICATION SERVICES | 25,666,489 | ||
CONSUMER DISCRETIONARY - 13.6% | |||
Auto Components - 1.2% | |||
Adient PLC (a) | 12,426 | 263,680 | |
American Axle & Manufacturing Holdings, Inc. (a) | 15,889 | 106,774 | |
Autoliv, Inc. | 10,539 | 798,856 | |
BorgWarner, Inc. | 32,790 | 1,146,994 | |
Cooper Tire & Rubber Co. | 6,729 | 231,410 | |
Cooper-Standard Holding, Inc. (a) | 2,400 | 37,656 | |
Dana, Inc. | 19,220 | 268,888 | |
Dorman Products, Inc. (a) | 3,868 | 345,296 | |
Fox Factory Holding Corp. (a) | 5,533 | 465,215 | |
Gentex Corp. | 32,916 | 910,786 | |
Gentherm, Inc. (a) | 4,468 | 206,824 | |
LCI Industries | 3,360 | 368,458 | |
Lear Corp. | 7,317 | 883,967 | |
Modine Manufacturing Co. (a) | 7,203 | 46,099 | |
Motorcar Parts of America, Inc. (a) | 2,644 | 38,946 | |
Standard Motor Products, Inc. | 2,751 | 125,996 | |
Stoneridge, Inc. (a) | 3,875 | 88,466 | |
Tenneco, Inc. (a) | 6,457 | 55,659 | |
The Goodyear Tire & Rubber Co. | 30,943 | 256,208 | |
Veoneer, Inc. (a)(b) | 12,627 | 194,077 | |
Visteon Corp. (a) | 3,757 | 336,815 | |
Workhorse Group, Inc. (a)(b) | 12,307 | 189,282 | |
7,366,352 | |||
Automobiles - 0.3% | |||
Harley-Davidson, Inc. | 20,475 | 673,218 | |
Thor Industries, Inc. | 7,417 | 627,330 | |
Winnebago Industries, Inc. | 4,522 | 212,308 | |
1,512,856 | |||
Distributors - 0.4% | |||
Core-Mark Holding Co., Inc. | 6,091 | 166,589 | |
Funko, Inc. (a)(b) | 2,852 | 18,082 | |
Pool Corp. | 5,396 | 1,887,683 | |
2,072,354 | |||
Diversified Consumer Services - 1.2% | |||
Adtalem Global Education, Inc. (a) | 6,933 | 162,510 | |
American Public Education, Inc. (a) | 2,084 | 58,915 | |
Bright Horizons Family Solutions, Inc. (a) | 8,116 | 1,282,734 | |
Career Education Corp. (a) | 9,454 | 106,736 | |
Carriage Services, Inc. | 2,337 | 60,318 | |
Chegg, Inc. (a) | 16,725 | 1,228,284 | |
Collectors Universe, Inc. | 1,248 | 68,553 | |
Frontdoor, Inc. (a) | 11,429 | 452,817 | |
Graham Holdings Co. | 540 | 205,384 | |
Grand Canyon Education, Inc. (a) | 6,334 | 496,396 | |
H&R Block, Inc. | 25,804 | 445,377 | |
Houghton Mifflin Harcourt Co. (a) | 16,588 | 43,295 | |
K12, Inc. (a) | 5,482 | 130,855 | |
Laureate Education, Inc. Class A (a) | 14,189 | 184,457 | |
OneSpaWorld Holdings Ltd. (b) | 6,563 | 40,756 | |
Regis Corp. (a)(b) | 3,156 | 17,484 | |
Select Interior Concepts, Inc. (a) | 2,479 | 17,155 | |
Service Corp. International | 23,645 | 1,095,000 | |
ServiceMaster Global Holdings, Inc. (a) | 17,715 | 834,199 | |
Strategic Education, Inc. | 3,281 | 272,520 | |
Weight Watchers International, Inc. (a) | 6,547 | 138,535 | |
7,342,280 | |||
Hotels, Restaurants & Leisure - 2.4% | |||
Biglari Holdings, Inc. (a) | 122 | 10,220 | |
BJ's Restaurants, Inc. | 3,055 | 86,182 | |
Bloomin' Brands, Inc. | 10,473 | 146,413 | |
Boyd Gaming Corp. | 10,727 | 340,260 | |
Brinker International, Inc. | 6,046 | 263,243 | |
Caesars Entertainment, Inc. (a) | 26,810 | 1,201,624 | |
Carrols Restaurant Group, Inc. (a) | 5,815 | 34,018 | |
Choice Hotels International, Inc. | 3,804 | 332,279 | |
Churchill Downs, Inc. | 4,757 | 709,507 | |
Chuy's Holdings, Inc. (a) | 2,523 | 52,958 | |
Cracker Barrel Old Country Store, Inc. | 3,176 | 361,492 | |
Dave & Buster's Entertainment, Inc. | 6,678 | 114,594 | |
Del Taco Restaurants, Inc. (a) | 4,649 | 34,472 | |
Denny's Corp. (a) | 8,264 | 74,045 | |
Dine Brands Global, Inc. | 2,249 | 115,711 | |
Drive Shack, Inc. (a) | 8,766 | 12,886 | |
Dunkin' Brands Group, Inc. | 11,053 | 1,102,095 | |
El Pollo Loco Holdings, Inc. (a) | 2,658 | 37,531 | |
Everi Holdings, Inc. (a) | 12,047 | 103,725 | |
Extended Stay America, Inc. unit | 21,415 | 243,060 | |
Fiesta Restaurant Group, Inc. (a) | 2,785 | 24,062 | |
Golden Entertainment, Inc. (a) | 2,408 | 30,967 | |
Hilton Grand Vacations, Inc. (a) | 11,327 | 233,336 | |
Hyatt Hotels Corp. Class A | 4,606 | 253,975 | |
Jack in the Box, Inc. | 3,049 | 244,103 | |
Lindblad Expeditions Holdings (a) | 3,973 | 33,055 | |
Marriott Vacations Worldwide Corp. | 5,513 | 532,556 | |
Monarch Casino & Resort, Inc. (a) | 1,689 | 73,286 | |
Noodles & Co. (a) | 3,946 | 25,491 | |
Papa John's International, Inc. | 4,402 | 337,193 | |
Penn National Gaming, Inc. (a) | 19,364 | 1,045,269 | |
Planet Fitness, Inc. (a) | 10,728 | 635,849 | |
Playa Hotels & Resorts NV (a)(b) | 6,970 | 26,974 | |
PlayAGS, Inc. (a) | 4,449 | 12,012 | |
Red Robin Gourmet Burgers, Inc. (a) | 2,056 | 24,754 | |
Red Rock Resorts, Inc. | 8,811 | 168,466 | |
Ruth's Hospitality Group, Inc. | 4,327 | 48,376 | |
Scientific Games Corp. Class A (a) | 7,590 | 241,969 | |
SeaWorld Entertainment, Inc. (a) | 6,670 | 146,873 | |
Shake Shack, Inc. Class A (a) | 4,800 | 324,096 | |
Six Flags Entertainment Corp. | 10,196 | 220,438 | |
Texas Roadhouse, Inc. Class A | 8,724 | 610,942 | |
The Cheesecake Factory, Inc. (b) | 5,642 | 167,680 | |
Twin River Worldwide Holdings, Inc. | 2,280 | 55,336 | |
Vail Resorts, Inc. | 5,374 | 1,246,983 | |
Wendy's Co. | 23,920 | 522,652 | |
Wingstop, Inc. | 3,981 | 463,110 | |
Wyndham Destinations, Inc. | 11,365 | 370,840 | |
Wyndham Hotels & Resorts, Inc. | 12,541 | 583,282 | |
14,080,240 | |||
Household Durables - 1.8% | |||
Beazer Homes U.S.A., Inc. (a) | 3,821 | 46,540 | |
Cavco Industries, Inc. (a) | 1,143 | 196,756 | |
Century Communities, Inc. (a) | 4,023 | 156,253 | |
Ethan Allen Interiors, Inc. | 3,261 | 52,339 | |
GoPro, Inc. Class A (a) | 17,543 | 104,205 | |
Helen of Troy Ltd. (a) | 3,413 | 647,105 | |
Hooker Furniture Corp. | 1,724 | 47,410 | |
Installed Building Products, Inc. (a) | 3,038 | 275,061 | |
iRobot Corp. (a)(b) | 3,769 | 299,937 | |
KB Home | 11,752 | 379,002 | |
La-Z-Boy, Inc. | 6,352 | 217,429 | |
Leggett & Platt, Inc. | 17,639 | 736,075 | |
LGI Homes, Inc. (a) | 2,962 | 316,579 | |
Lovesac (a)(b) | 1,403 | 36,113 | |
M.D.C. Holdings, Inc. | 6,690 | 291,149 | |
M/I Homes, Inc. (a) | 3,924 | 160,570 | |
Meritage Homes Corp. (a) | 5,080 | 442,417 | |
Mohawk Industries, Inc. (a) | 7,995 | 825,004 | |
Newell Brands, Inc. | 50,638 | 894,267 | |
Skyline Champion Corp. (a) | 6,949 | 178,242 | |
Sonos, Inc. (a) | 11,789 | 172,119 | |
Taylor Morrison Home Corp. (a) | 17,352 | 374,803 | |
Tempur Sealy International, Inc. (a) | 6,414 | 570,846 | |
Toll Brothers, Inc. | 15,400 | 651,112 | |
TopBuild Corp. (a) | 4,453 | 682,244 | |
TRI Pointe Homes, Inc. (a) | 17,465 | 286,950 | |
Tupperware Brands Corp. | 6,465 | 205,070 | |
Turtle Beach Corp. (a) | 2,051 | 36,959 | |
Universal Electronics, Inc. (a) | 1,889 | 70,006 | |
Whirlpool Corp. | 8,376 | 1,549,225 | |
Zagg, Inc. (a)(b) | 3,492 | 9,952 | |
10,911,739 | |||
Internet & Direct Marketing Retail - 1.4% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 3,418 | 67,779 | |
Chewy, Inc. (a)(b) | 9,576 | 589,882 | |
Duluth Holdings, Inc. (a) | 1,868 | 28,655 | |
Etsy, Inc. (a) | 16,043 | 1,950,668 | |
Groupon, Inc. (a)(b) | 3,064 | 59,411 | |
GrubHub, Inc. (a) | 12,406 | 917,548 | |
Lands' End, Inc. (a)(b) | 2,047 | 32,854 | |
Overstock.com, Inc. (a) | 5,714 | 320,555 | |
PetMed Express, Inc. (b) | 2,849 | 84,273 | |
Quotient Technology, Inc. (a) | 10,551 | 93,904 | |
Qurate Retail, Inc. Series A (a) | 52,012 | 352,121 | |
Revolve Group, Inc. (a)(b) | 2,179 | 39,396 | |
Shutterstock, Inc. | 2,983 | 195,237 | |
Stamps.com, Inc. (a) | 2,357 | 526,177 | |
Stitch Fix, Inc. (a)(b) | 7,640 | 263,045 | |
The RealReal, Inc. (a) | 7,693 | 96,855 | |
The Rubicon Project, Inc. (a)(b) | 14,831 | 133,924 | |
Wayfair LLC Class A (a) | 9,197 | 2,281,132 | |
8,033,416 | |||
Leisure Products - 0.6% | |||
Acushnet Holdings Corp. | 4,681 | 159,763 | |
American Outdoor Brands, Inc. (a) | 1,909 | 28,883 | |
Brunswick Corp. | 10,539 | 671,440 | |
Callaway Golf Co. (b) | 12,686 | 196,506 | |
Clarus Corp. | 3,073 | 47,662 | |
Johnson Outdoors, Inc. Class A | 971 | 84,797 | |
Malibu Boats, Inc. Class A (a) | 2,882 | 146,492 | |
Mattel, Inc. (a) | 46,548 | 640,966 | |
MCBC Holdings, Inc. (a) | 2,713 | 55,942 | |
Polaris, Inc. | 7,755 | 704,619 | |
Smith & Wesson Brands, Inc. | 7,636 | 126,681 | |
Sturm, Ruger & Co., Inc. | 2,333 | 155,984 | |
Vista Outdoor, Inc. (a) | 8,004 | 158,239 | |
YETI Holdings, Inc. (a) | 9,983 | 493,959 | |
3,671,933 | |||
Multiline Retail - 0.3% | |||
Big Lots, Inc. | 4,811 | 229,004 | |
Dillard's, Inc. Class A (b) | 991 | 44,327 | |
Kohl's Corp. | 21,203 | 451,412 | |
Macy's, Inc. (b) | 41,075 | 255,076 | |
Nordstrom, Inc. (b) | 14,620 | 176,902 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 7,652 | 666,413 | |
1,823,134 | |||
Specialty Retail - 2.7% | |||
Aaron's Holdings Co., Inc. | 9,025 | 471,647 | |
Abercrombie & Fitch Co. Class A | 8,610 | 122,434 | |
Advance Auto Parts, Inc. | 9,297 | 1,369,262 | |
America's Car Mart, Inc. (a) | 852 | 73,715 | |
American Eagle Outfitters, Inc. | 20,116 | 275,790 | |
Asbury Automotive Group, Inc. (a) | 2,570 | 264,659 | |
At Home Group, Inc. (a) | 7,182 | 116,995 | |
AutoNation, Inc. (a) | 7,850 | 445,331 | |
Barnes & Noble Education, Inc. (a) | 4,740 | 10,902 | |
Bed Bath & Beyond, Inc. (b) | 16,932 | 335,254 | |
Boot Barn Holdings, Inc. (a) | 3,945 | 126,319 | |
Caleres, Inc. | 5,282 | 40,566 | |
Camping World Holdings, Inc. | 4,275 | 113,031 | |
Carvana Co. Class A (a)(b) | 7,467 | 1,384,008 | |
Chico's FAS, Inc. | 15,846 | 16,955 | |
Citi Trends, Inc. | 1,379 | 36,006 | |
Conn's, Inc. (a) | 2,525 | 23,659 | |
Dick's Sporting Goods, Inc. | 8,713 | 493,591 | |
DSW, Inc. Class A | 7,229 | 31,302 | |
Express, Inc. (a) | 8,597 | 5,253 | |
Five Below, Inc. (a) | 7,479 | 997,250 | |
Floor & Decor Holdings, Inc. Class A (a) | 13,964 | 1,019,372 | |
Foot Locker, Inc. | 13,880 | 511,894 | |
GameStop Corp. Class A (a)(b) | 7,107 | 74,410 | |
Gap, Inc. | 27,532 | 535,497 | |
Genesco, Inc. (a) | 1,859 | 32,941 | |
Group 1 Automotive, Inc. | 2,279 | 241,756 | |
Guess?, Inc. (b) | 4,880 | 57,486 | |
Haverty Furniture Companies, Inc. | 2,311 | 57,821 | |
Hibbett Sports, Inc. (a) | 2,164 | 81,821 | |
L Brands, Inc. | 31,376 | 1,004,346 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 3,431 | 787,655 | |
Lumber Liquidators Holdings, Inc. (a) | 3,979 | 88,015 | |
MarineMax, Inc. (a) | 3,040 | 91,139 | |
Michaels Companies, Inc. (a)(b) | 10,537 | 85,455 | |
Monro, Inc. | 4,547 | 191,247 | |
Murphy U.S.A., Inc. | 3,646 | 445,869 | |
National Vision Holdings, Inc. (a) | 10,742 | 433,225 | |
Party City Holdco, Inc. (a)(b) | 12,249 | 24,376 | |
Penske Automotive Group, Inc. | 4,254 | 217,635 | |
Rent-A-Center, Inc. | 6,651 | 205,516 | |
RH (a) | 2,070 | 693,926 | |
Sally Beauty Holdings, Inc. (a) | 14,638 | 122,520 | |
Shoe Carnival, Inc. (b) | 1,173 | 36,340 | |
Signet Jewelers Ltd. | 7,035 | 156,740 | |
Sleep Number Corp. (a) | 3,712 | 235,192 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 3,342 | 120,513 | |
Sportsman's Warehouse Holdings, Inc. (a) | 5,705 | 74,279 | |
The Buckle, Inc. | 4,034 | 96,655 | |
The Cato Corp. Class A (sub. vtg.) | 2,794 | 17,099 | |
The Children's Place Retail Stores, Inc. (b) | 1,936 | 48,923 | |
The ODP Corp. | 6,858 | 133,731 | |
Tilly's, Inc. | 3,378 | 20,741 | |
Urban Outfitters, Inc. (a) | 9,222 | 206,019 | |
Williams-Sonoma, Inc. | 10,417 | 950,135 | |
Winmark Corp. | 400 | 67,764 | |
Zumiez, Inc. (a) | 2,779 | 77,812 | |
15,999,794 | |||
Textiles, Apparel & Luxury Goods - 1.3% | |||
Capri Holdings Ltd. (a) | 20,154 | 427,668 | |
Carter's, Inc. | 5,884 | 479,252 | |
Columbia Sportswear Co. | 4,065 | 303,208 | |
Crocs, Inc. (a) | 9,013 | 471,650 | |
Deckers Outdoor Corp. (a) | 3,769 | 954,952 | |
Fossil Group, Inc. (a)(b) | 6,602 | 37,697 | |
G-III Apparel Group Ltd. (a) | 6,143 | 82,808 | |
Hanesbrands, Inc. | 46,580 | 748,541 | |
Kontoor Brands, Inc. | 6,262 | 206,020 | |
Levi Strauss & Co. Class A (b) | 8,718 | 137,570 | |
Movado Group, Inc. | 2,061 | 22,486 | |
Oxford Industries, Inc. | 2,318 | 95,432 | |
PVH Corp. | 9,516 | 554,688 | |
Ralph Lauren Corp. | 6,472 | 432,653 | |
Rocky Brands, Inc. | 937 | 25,205 | |
Samsonite International SA (a)(d) | 189,600 | 190,762 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 18,301 | 580,325 | |
Steven Madden Ltd. | 10,306 | 247,447 | |
Tapestry, Inc. | 37,096 | 824,644 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 29,073 | 402,370 | |
Class C (non-vtg.) (a) | 21,474 | 262,627 | |
Unifi, Inc. (a) | 2,034 | 30,490 | |
Vera Bradley, Inc. (a) | 3,066 | 19,438 | |
Wolverine World Wide, Inc. | 10,938 | 291,716 | |
7,829,649 | |||
TOTAL CONSUMER DISCRETIONARY | 80,643,747 | ||
CONSUMER STAPLES - 3.6% | |||
Beverages - 0.6% | |||
Boston Beer Co., Inc. Class A (a) | 1,224 | 1,271,956 | |
Coca-Cola Bottling Co. Consolidated | 639 | 146,299 | |
Keurig Dr. Pepper, Inc. | 62,311 | 1,676,166 | |
MGP Ingredients, Inc. | 1,837 | 77,191 | |
National Beverage Corp. (a)(b) | 1,611 | 126,125 | |
Newage, Inc. (a)(b) | 13,000 | 30,420 | |
3,328,157 | |||
Food & Staples Retailing - 0.7% | |||
Andersons, Inc. | 3,961 | 85,914 | |
BJ's Wholesale Club Holdings, Inc. (a) | 18,493 | 708,097 | |
Casey's General Stores, Inc. | 4,951 | 834,590 | |
Chefs' Warehouse Holdings (a) | 4,191 | 56,662 | |
Grocery Outlet Holding Corp. (a) | 11,193 | 492,716 | |
Ingles Markets, Inc. Class A | 1,943 | 69,676 | |
Performance Food Group Co. (a) | 17,755 | 596,746 | |
PriceSmart, Inc. | 3,107 | 214,383 | |
Rite Aid Corp. (a)(b) | 7,633 | 69,766 | |
SpartanNash Co. | 5,004 | 92,124 | |
Sprouts Farmers Market LLC (a) | 15,939 | 303,638 | |
U.S. Foods Holding Corp. (a) | 29,535 | 617,282 | |
United Natural Foods, Inc. (a)(b) | 7,497 | 109,231 | |
Weis Markets, Inc. | 2,246 | 101,991 | |
4,352,816 | |||
Food Products - 1.7% | |||
B&G Foods, Inc. Class A (b) | 8,534 | 226,663 | |
Beyond Meat, Inc. (a)(b) | 6,634 | 944,881 | |
Bunge Ltd. | 18,690 | 1,060,284 | |
Cal-Maine Foods, Inc. (a) | 5,062 | 194,128 | |
Calavo Growers, Inc. | 2,312 | 155,205 | |
Campbell Soup Co. | 27,182 | 1,268,584 | |
Darling Ingredients, Inc. (a) | 21,765 | 935,895 | |
Farmer Brothers Co. (a) | 1,926 | 6,683 | |
Flowers Foods, Inc. | 26,263 | 619,282 | |
Fresh Del Monte Produce, Inc. | 4,228 | 91,029 | |
Freshpet, Inc. (a) | 5,429 | 621,621 | |
Hostess Brands, Inc. Class A (a) | 16,610 | 209,950 | |
Ingredion, Inc. | 8,983 | 636,805 | |
J&J Snack Foods Corp. | 1,988 | 269,513 | |
John B. Sanfilippo & Son, Inc. | 1,266 | 92,114 | |
Lancaster Colony Corp. | 2,621 | 435,453 | |
Landec Corp. (a) | 3,856 | 37,056 | |
Pilgrim's Pride Corp. (a) | 6,240 | 104,458 | |
Post Holdings, Inc. (a) | 8,399 | 721,474 | |
Sanderson Farms, Inc. | 2,671 | 341,808 | |
Seaboard Corp. | 36 | 124,020 | |
The Hain Celestial Group, Inc. (a) | 11,213 | 344,800 | |
The Simply Good Foods Co. (a) | 11,406 | 214,433 | |
Tootsie Roll Industries, Inc. (b) | 2,394 | 71,533 | |
TreeHouse Foods, Inc. (a) | 7,574 | 294,174 | |
10,021,846 | |||
Household Products - 0.2% | |||
Central Garden & Pet Co. (a) | 1,519 | 59,180 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 4,959 | 175,499 | |
Energizer Holdings, Inc. | 7,828 | 308,032 | |
Reynolds Consumer Products, Inc. | 7,244 | 204,571 | |
Spectrum Brands Holdings, Inc. | 5,179 | 294,530 | |
WD-40 Co. | 1,832 | 445,872 | |
1,487,684 | |||
Personal Products - 0.3% | |||
Coty, Inc. Class A | 36,945 | 107,141 | |
Edgewell Personal Care Co. (a) | 7,095 | 186,031 | |
elf Beauty, Inc. (a) | 5,183 | 105,059 | |
Herbalife Nutrition Ltd. (a) | 13,106 | 591,605 | |
Inter Parfums, Inc. | 2,498 | 102,568 | |
LifeVantage Corp. (a) | 1,499 | 16,564 | |
MediFast, Inc. | 1,578 | 221,693 | |
Nu Skin Enterprises, Inc. Class A | 6,904 | 340,712 | |
USANA Health Sciences, Inc. (a) | 1,560 | 118,014 | |
1,789,387 | |||
Tobacco - 0.1% | |||
22nd Century Group, Inc. (a)(b) | 14,824 | 10,776 | |
Turning Point Brands, Inc. | 1,906 | 71,418 | |
Universal Corp. | 3,343 | 133,219 | |
Vector Group Ltd. | 16,678 | 153,271 | |
368,684 | |||
TOTAL CONSUMER STAPLES | 21,348,574 | ||
ENERGY - 1.7% | |||
Energy Equipment & Services - 0.4% | |||
Archrock, Inc. | 17,415 | 103,271 | |
Cactus, Inc. | 6,588 | 111,996 | |
Championx Corp. (a) | 24,311 | 212,235 | |
Core Laboratories NV | 6,118 | 88,405 | |
DMC Global, Inc. | 2,076 | 73,843 | |
Dril-Quip, Inc. (a) | 4,803 | 124,398 | |
Exterran Corp. (a) | 3,904 | 16,514 | |
Forum Energy Technologies, Inc. (a) | 10,349 | 4,920 | |
Frank's International NV (a) | 15,538 | 27,192 | |
Helix Energy Solutions Group, Inc. (a) | 19,391 | 48,090 | |
Helmerich & Payne, Inc. | 14,061 | 209,087 | |
Liberty Oilfield Services, Inc. Class A | 7,805 | 52,137 | |
Matrix Service Co. (a) | 3,646 | 27,710 | |
Nabors Industries Ltd. (b) | 970 | 27,567 | |
National Oilwell Varco, Inc. | 51,457 | 432,239 | |
Newpark Resources, Inc. (a) | 11,191 | 8,003 | |
Nextier Oilfield Solutions, Inc. (a) | 22,450 | 42,431 | |
Oceaneering International, Inc. (a) | 13,785 | 56,243 | |
Oil States International, Inc. (a) | 8,554 | 21,299 | |
Patterson-UTI Energy, Inc. | 25,953 | 66,440 | |
ProPetro Holding Corp. (a) | 11,520 | 45,504 | |
RPC, Inc. (a)(b) | 6,967 | 16,581 | |
SEACOR Holdings, Inc. (a) | 2,418 | 74,063 | |
Select Energy Services, Inc. Class A (a) | 9,089 | 27,449 | |
Solaris Oilfield Infrastructure, Inc. Class A | 4,930 | 29,235 | |
TechnipFMC PLC | 57,286 | 316,792 | |
Tidewater, Inc. (a) | 5,104 | 29,909 | |
Transocean Ltd. (United States) (a)(b) | 78,891 | 52,896 | |
U.S. Silica Holdings, Inc. | 9,614 | 26,150 | |
2,372,599 | |||
Oil, Gas & Consumable Fuels - 1.3% | |||
Antero Resources Corp. (a)(b) | 32,260 | 109,684 | |
Arch Resources, Inc. | 2,137 | 65,285 | |
Ardmore Shipping Corp. | 4,310 | 12,068 | |
Berry Petroleum Corp. | 8,065 | 21,130 | |
Bonanza Creek Energy, Inc. (a) | 2,611 | 46,241 | |
Brigham Minerals, Inc. Class A | 3,914 | 34,521 | |
Cabot Oil & Gas Corp. | 53,855 | 958,080 | |
Callon Petroleum Co. (a)(b) | 5,665 | 29,628 | |
Centennial Resource Development, Inc. Class A (a)(b) | 26,166 | 16,215 | |
Cimarex Energy Co. | 13,869 | 351,857 | |
Clean Energy Fuels Corp. (a) | 17,816 | 44,184 | |
CNX Resources Corp. (a) | 29,950 | 290,515 | |
CONSOL Energy, Inc. (a) | 3,224 | 12,219 | |
Continental Resources, Inc. | 8,222 | 98,911 | |
CVR Energy, Inc. | 4,122 | 45,383 | |
Delek U.S. Holdings, Inc. | 8,008 | 80,560 | |
Devon Energy Corp. | 51,922 | 463,663 | |
Diamond S Shipping, Inc. (a) | 2,856 | 16,165 | |
EQT Corp. | 37,005 | 560,256 | |
Equitrans Midstream Corp. | 54,958 | 398,995 | |
Falcon Minerals Corp. | 4,766 | 8,769 | |
Green Plains, Inc. | 4,643 | 70,109 | |
Gulfport Energy Corp. (a)(b) | 19,513 | 4,995 | |
Highpoint Resources, Inc. (a)(b) | 276 | 1,524 | |
HollyFrontier Corp. | 19,751 | 365,591 | |
International Seaways, Inc. | 3,459 | 46,835 | |
Kosmos Energy Ltd. | 53,153 | 52,850 | |
Laredo Petroleum, Inc. (a) | 1,162 | 9,342 | |
Magnolia Oil & Gas Corp. Class A (a) | 16,126 | 69,987 | |
Marathon Oil Corp. | 106,720 | 422,611 | |
Matador Resources Co. (a)(b) | 15,407 | 108,927 | |
Murphy Oil Corp. | 19,218 | 148,363 | |
National Energy Services Reunited Corp. (a) | 4,136 | 30,606 | |
Northern Oil & Gas, Inc. (a)(b) | 3,933 | 14,552 | |
Ovintiv, Inc. (b) | 34,593 | 318,256 | |
Par Pacific Holdings, Inc. (a) | 5,391 | 34,718 | |
Parsley Energy, Inc. Class A | 40,570 | 406,106 | |
PBF Energy, Inc. Class A (b) | 12,431 | 58,053 | |
PDC Energy, Inc. (a) | 13,252 | 157,964 | |
Peabody Energy Corp. | 9,383 | 12,104 | |
Penn Virginia Corp. (a) | 1,955 | 15,014 | |
QEP Resources, Inc. | 32,953 | 29,658 | |
Range Resources Corp. (b) | 34,029 | 223,911 | |
Renewable Energy Group, Inc. (a) | 5,238 | 295,423 | |
Rex American Resources Corp. (a) | 763 | 55,462 | |
Ring Energy, Inc. (a)(b) | 7,446 | 3,804 | |
SM Energy Co. | 14,775 | 23,788 | |
Southwestern Energy Co. (a) | 80,272 | 214,326 | |
Talos Energy, Inc. (a) | 2,656 | 17,476 | |
Targa Resources Corp. | 31,417 | 504,243 | |
Teekay Corp. (a)(b) | 12,104 | 21,303 | |
Teekay Tankers Ltd. (a)(b) | 3,214 | 30,308 | |
Tellurian, Inc. (a)(b) | 22,186 | 21,299 | |
W&T Offshore, Inc. (a)(b) | 11,922 | 16,691 | |
World Fuel Services Corp. | 8,355 | 175,873 | |
WPX Energy, Inc. (a) | 53,637 | 247,267 | |
7,893,668 | |||
TOTAL ENERGY | 10,266,267 | ||
FINANCIALS - 12.3% | |||
Banks - 5.2% | |||
1st Source Corp. | 2,225 | 74,515 | |
Allegiance Bancshares, Inc. | 2,491 | 70,495 | |
Amalgamated Bank | 3,389 | 37,618 | |
Ameris Bancorp | 9,140 | 267,802 | |
Associated Banc-Corp. | 20,109 | 275,292 | |
Atlantic Capital Bancshares, Inc. (a) | 2,921 | 40,543 | |
Banc of California, Inc. | 6,359 | 76,308 | |
BancFirst Corp. | 2,467 | 109,658 | |
Bancorp, Inc., Delaware (a) | 7,244 | 69,542 | |
BancorpSouth Bank | 12,801 | 299,671 | |
Bank of Hawaii Corp. | 5,331 | 323,272 | |
Bank OZK | 16,262 | 402,972 | |
BankUnited, Inc. | 12,342 | 311,636 | |
Banner Corp. | 4,785 | 176,423 | |
Berkshire Hills Bancorp, Inc. | 6,566 | 85,555 | |
BOK Financial Corp. | 4,098 | 240,717 | |
Boston Private Financial Holdings, Inc. | 11,348 | 70,131 | |
Bridge Bancorp, Inc. | 2,395 | 46,798 | |
Brookline Bancorp, Inc., Delaware | 10,506 | 100,647 | |
Bryn Mawr Bank Corp. | 2,594 | 69,675 | |
Byline Bancorp, Inc. | 3,052 | 40,103 | |
Cadence Bancorp Class A | 17,245 | 193,489 | |
Camden National Corp. | 1,973 | 63,077 | |
Carter Bank & Trust | 2,965 | 20,607 | |
Cathay General Bancorp | 9,936 | 233,794 | |
Central Pacific Financial Corp. | 3,696 | 50,894 | |
CIT Group, Inc. | 13,160 | 387,562 | |
City Holding Co. | 2,214 | 133,792 | |
Columbia Banking Systems, Inc. | 9,514 | 270,293 | |
Comerica, Inc. | 18,613 | 847,078 | |
Commerce Bancshares, Inc. | 13,483 | 839,317 | |
Community Bank System, Inc. | 7,189 | 416,890 | |
Community Trust Bancorp, Inc. | 2,153 | 68,508 | |
ConnectOne Bancorp, Inc. | 4,557 | 70,315 | |
Cullen/Frost Bankers, Inc. | 7,471 | 524,987 | |
Customers Bancorp, Inc. (a) | 3,863 | 53,387 | |
CVB Financial Corp. | 16,880 | 295,400 | |
Eagle Bancorp, Inc. | 4,346 | 130,032 | |
East West Bancorp, Inc. | 19,027 | 694,105 | |
Enterprise Financial Services Corp. | 3,584 | 104,330 | |
Equity Bancshares, Inc. (a) | 2,228 | 40,951 | |
FB Financial Corp. | 4,298 | 126,791 | |
First Bancorp, North Carolina | 3,949 | 95,131 | |
First Bancorp, Puerto Rico | 29,086 | 188,768 | |
First Bancshares, Inc. | 2,785 | 66,394 | |
First Busey Corp. | 6,741 | 121,271 | |
First Citizens Bancshares, Inc. | 962 | 445,117 | |
First Commonwealth Financial Corp. | 13,977 | 120,482 | |
First Financial Bancorp, Ohio | 13,362 | 191,077 | |
First Financial Bankshares, Inc. | 18,968 | 565,436 | |
First Financial Corp., Indiana | 1,569 | 54,476 | |
First Foundation, Inc. | 5,647 | 83,971 | |
First Hawaiian, Inc. | 17,441 | 301,032 | |
First Horizon National Corp. | 73,993 | 770,267 | |
First Interstate Bancsystem, Inc. | 4,782 | 168,805 | |
First Merchants Corp. | 7,211 | 188,279 | |
First Midwest Bancorp, Inc., Delaware | 15,454 | 193,948 | |
Flushing Financial Corp. | 3,587 | 45,878 | |
FNB Corp., Pennsylvania | 43,127 | 326,040 | |
Fulton Financial Corp. | 22,061 | 242,450 | |
German American Bancorp, Inc. | 3,445 | 103,936 | |
Glacier Bancorp, Inc. | 12,803 | 458,347 | |
Great Southern Bancorp, Inc. | 1,418 | 58,067 | |
Great Western Bancorp, Inc. | 7,516 | 97,633 | |
Hancock Whitney Corp. | 11,422 | 261,221 | |
Hanmi Financial Corp. | 4,136 | 37,183 | |
HarborOne Bancorp, Inc. | 7,915 | 74,401 | |
Heartland Financial U.S.A., Inc. | 4,481 | 147,604 | |
Heritage Commerce Corp. | 7,686 | 55,724 | |
Heritage Financial Corp., Washington | 4,812 | 100,860 | |
Hilltop Holdings, Inc. | 9,676 | 220,710 | |
Home Bancshares, Inc. | 20,429 | 339,121 | |
Hope Bancorp, Inc. | 16,869 | 136,133 | |
Horizon Bancorp, Inc. Indiana | 5,597 | 69,403 | |
Independent Bank Corp. | 2,988 | 44,730 | |
Independent Bank Corp., Massachusetts | 4,412 | 252,763 | |
Independent Bank Group, Inc. | 4,865 | 250,937 | |
International Bancshares Corp. | 7,232 | 200,182 | |
Investors Bancorp, Inc. | 30,225 | 255,704 | |
Lakeland Bancorp, Inc. | 6,426 | 71,521 | |
Lakeland Financial Corp. | 3,583 | 183,199 | |
Live Oak Bancshares, Inc. | 3,932 | 146,585 | |
Mercantil Bank Holding Corp. Class A (a) | 3,176 | 31,982 | |
Mercantile Bank Corp. | 2,095 | 45,797 | |
Midland States Bancorp, Inc. | 2,621 | 39,053 | |
MidWestOne Financial Group, Inc. | 1,554 | 31,313 | |
National Bank Holdings Corp. | 4,166 | 125,605 | |
NBT Bancorp, Inc. | 5,939 | 162,610 | |
Nicolet Bankshares, Inc. (a) | 1,173 | 72,374 | |
OceanFirst Financial Corp. | 8,157 | 122,110 | |
OFG Bancorp | 7,085 | 101,953 | |
Old National Bancorp, Indiana | 22,071 | 308,553 | |
Origin Bancorp, Inc. | 2,824 | 63,173 | |
Pacific Premier Bancorp, Inc. | 12,537 | 319,694 | |
PacWest Bancorp | 15,594 | 300,029 | |
Park National Corp. | 1,900 | 174,135 | |
Peapack-Gladstone Financial Corp. | 2,116 | 35,718 | |
Peoples Bancorp, Inc. | 2,405 | 54,353 | |
Peoples United Financial, Inc. | 57,027 | 608,478 | |
Pinnacle Financial Partners, Inc. | 10,164 | 465,410 | |
Popular, Inc. | 11,237 | 474,201 | |
Preferred Bank, Los Angeles | 1,920 | 64,954 | |
Prosperity Bancshares, Inc. | 12,370 | 681,711 | |
QCR Holdings, Inc. | 1,945 | 60,353 | |
Renasant Corp. | 7,639 | 217,788 | |
S&T Bancorp, Inc. | 5,075 | 100,434 | |
Sandy Spring Bancorp, Inc. | 6,424 | 162,848 | |
Seacoast Banking Corp., Florida (a) | 7,209 | 154,849 | |
ServisFirst Bancshares, Inc. | 6,399 | 236,123 | |
Signature Bank | 7,216 | 582,620 | |
Simmons First National Corp. Class A | 14,534 | 246,933 | |
South State Corp. | 9,470 | 581,458 | |
Southside Bancshares, Inc. | 4,141 | 111,641 | |
Sterling Bancorp | 26,109 | 349,338 | |
Stock Yards Bancorp, Inc. | 2,694 | 102,965 | |
Synovus Financial Corp. | 19,683 | 511,758 | |
TCF Financial Corp. | 20,318 | 552,853 | |
Texas Capital Bancshares, Inc. (a) | 6,728 | 302,760 | |
Tompkins Financial Corp. | 1,696 | 94,959 | |
TowneBank | 8,764 | 159,330 | |
Trico Bancshares | 3,488 | 100,908 | |
TriState Capital Holdings, Inc. (a) | 3,556 | 44,770 | |
Triumph Bancorp, Inc. (a) | 3,060 | 128,918 | |
Trustmark Corp. | 8,352 | 195,353 | |
UMB Financial Corp. | 5,726 | 348,542 | |
Umpqua Holdings Corp. | 29,311 | 368,146 | |
Union Bankshares Corp. | 10,447 | 264,205 | |
United Bankshares, Inc., West Virginia | 17,401 | 456,428 | |
United Community Bank, Inc. | 11,543 | 241,710 | |
Univest Corp. of Pennsylvania | 3,993 | 63,329 | |
Valley National Bancorp | 54,206 | 414,134 | |
Veritex Holdings, Inc. | 6,725 | 132,684 | |
Washington Trust Bancorp, Inc. | 2,101 | 70,951 | |
Webster Financial Corp. | 12,009 | 386,810 | |
WesBanco, Inc. | 8,813 | 214,068 | |
Westamerica Bancorp. | 3,591 | 188,061 | |
Western Alliance Bancorp. | 13,478 | 555,294 | |
Wintrust Financial Corp. | 7,661 | 377,151 | |
Zions Bancorp NA | 22,040 | 711,231 | |
30,564,667 | |||
Capital Markets - 2.0% | |||
Affiliated Managers Group, Inc. | 6,228 | 469,404 | |
Artisan Partners Asset Management, Inc. | 7,892 | 316,154 | |
Assetmark Financial Holdings, Inc. (a) | 2,213 | 46,805 | |
B. Riley Financial, Inc. | 2,163 | 56,757 | |
BGC Partners, Inc. Class A | 41,474 | 122,348 | |
Blucora, Inc. (a) | 6,805 | 67,710 | |
BrightSphere Investment Group, Inc. | 7,889 | 108,868 | |
Cohen & Steers, Inc. | 3,148 | 177,264 | |
Cowen Group, Inc. Class A | 3,848 | 82,578 | |
Diamond Hill Investment Group, Inc. | 410 | 56,145 | |
Donnelley Financial Solutions, Inc. (a) | 4,393 | 55,484 | |
Eaton Vance Corp. (non-vtg.) | 15,372 | 919,092 | |
Evercore, Inc. Class A | 5,428 | 431,743 | |
Federated Hermes, Inc. Class B (non-vtg.) | 12,749 | 304,701 | |
Focus Financial Partners, Inc. Class A (a) | 4,277 | 156,153 | |
Franklin Resources, Inc. | 36,027 | 675,506 | |
Greenhill & Co., Inc. | 2,055 | 26,571 | |
Hamilton Lane, Inc. Class A | 4,169 | 290,579 | |
Houlihan Lokey | 6,848 | 429,370 | |
Interactive Brokers Group, Inc. | 10,630 | 505,669 | |
INTL FCStone, Inc. (a) | 2,121 | 112,371 | |
Invesco Ltd. | 50,441 | 661,282 | |
Janus Henderson Group PLC | 20,292 | 493,096 | |
Lazard Ltd. Class A | 15,096 | 508,282 | |
LPL Financial | 10,667 | 852,613 | |
Moelis & Co. Class A | 7,463 | 277,624 | |
Morningstar, Inc. | 2,880 | 548,294 | |
Och-Ziff Capital Management Group LLC Class A | 2,490 | 26,992 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 1,202 | 30,122 | |
Piper Jaffray Companies | 1,841 | 153,631 | |
PJT Partners, Inc. | 3,209 | 217,121 | |
SEI Investments Co. | 16,381 | 805,126 | |
Stifel Financial Corp. | 9,140 | 534,324 | |
Tradeweb Markets, Inc. Class A | 12,231 | 666,345 | |
Victory Capital Holdings, Inc. | 2,129 | 39,046 | |
Virtu Financial, Inc. Class A | 10,767 | 230,198 | |
Virtus Investment Partners, Inc. | 968 | 154,444 | |
Waddell & Reed Financial, Inc. Class A (b) | 8,978 | 137,812 | |
WisdomTree Investments, Inc. | 16,137 | 58,739 | |
11,806,363 | |||
Consumer Finance - 0.6% | |||
Credit Acceptance Corp. (a)(b) | 1,640 | 488,917 | |
CURO Group Holdings Corp. | 1,748 | 13,093 | |
Encore Capital Group, Inc. (a)(b) | 4,126 | 131,743 | |
Enova International, Inc. (a) | 4,745 | 72,836 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 6,853 | 30,564 | |
First Cash Financial Services, Inc. | 5,591 | 290,956 | |
Green Dot Corp. Class A (a) | 7,162 | 381,878 | |
LendingClub Corp. (a) | 9,398 | 43,889 | |
LendingTree, Inc. (a)(b) | 1,067 | 345,271 | |
Navient Corp. | 26,030 | 208,500 | |
Nelnet, Inc. Class A | 2,874 | 175,429 | |
OneMain Holdings, Inc. | 10,046 | 350,505 | |
PRA Group, Inc. (a) | 6,181 | 210,958 | |
Regional Management Corp. | 1,250 | 25,400 | |
Santander Consumer U.S.A. Holdings, Inc. | 9,506 | 193,352 | |
SLM Corp. | 51,203 | 470,556 | |
World Acceptance Corp. (a)(b) | 645 | 54,174 | |
3,488,021 | |||
Diversified Financial Services - 0.3% | |||
Cannae Holdings, Inc. (a) | 11,525 | 426,195 | |
Jefferies Financial Group, Inc. | 28,807 | 562,025 | |
Voya Financial, Inc. | 16,961 | 812,941 | |
1,801,161 | |||
Insurance - 2.7% | |||
AMBAC Financial Group, Inc. (a) | 6,244 | 76,676 | |
American Equity Investment Life Holding Co. | 12,421 | 308,289 | |
American Financial Group, Inc. | 9,600 | 719,424 | |
American National Group, Inc. | 1,198 | 82,422 | |
Amerisafe, Inc. | 2,665 | 157,182 | |
Argo Group International Holdings, Ltd. | 4,477 | 159,739 | |
Assurant, Inc. | 7,996 | 994,463 | |
Assured Guaranty Ltd. | 11,241 | 286,983 | |
Athene Holding Ltd. (a) | 16,999 | 545,328 | |
Axis Capital Holdings Ltd. | 10,751 | 458,960 | |
Brighthouse Financial, Inc. (a) | 12,447 | 411,996 | |
CNO Financial Group, Inc. | 18,952 | 336,398 | |
eHealth, Inc. (a) | 3,432 | 230,322 | |
Employers Holdings, Inc. | 3,769 | 120,646 | |
Enstar Group Ltd. (a) | 1,756 | 301,804 | |
Erie Indemnity Co. Class A | 3,349 | 779,882 | |
First American Financial Corp. | 14,985 | 668,181 | |
Genworth Financial, Inc. Class A (a) | 67,741 | 266,222 | |
Goosehead Insurance | 2,104 | 257,824 | |
Greenlight Capital Re, Ltd. (a) | 3,799 | 25,643 | |
Hallmark Financial Services, Inc. (a) | 1,676 | 4,542 | |
Hanover Insurance Group, Inc. | 5,061 | 484,135 | |
HCI Group, Inc. | 881 | 41,389 | |
Heritage Insurance Holdings, Inc. | 3,389 | 31,992 | |
Horace Mann Educators Corp. | 5,589 | 189,523 | |
James River Group Holdings Ltd. | 4,107 | 191,920 | |
Kemper Corp. | 8,230 | 507,462 | |
Kinsale Capital Group, Inc. | 2,861 | 536,352 | |
MBIA, Inc. (a) | 6,252 | 35,699 | |
Mercury General Corp. | 3,574 | 145,498 | |
National General Holdings Corp. | 9,038 | 307,021 | |
National Western Life Group, Inc. | 312 | 52,925 | |
Old Republic International Corp. | 37,918 | 617,305 | |
Palomar Holdings, Inc. (a) | 2,907 | 259,217 | |
Primerica, Inc. | 5,298 | 584,052 | |
ProAssurance Corp. | 7,459 | 115,092 | |
ProSight Global, Inc. (a) | 1,061 | 12,552 | |
Reinsurance Group of America, Inc. | 9,091 | 918,373 | |
RenaissanceRe Holdings Ltd. | 6,883 | 1,113,119 | |
RLI Corp. | 5,313 | 460,637 | |
Safety Insurance Group, Inc. | 1,885 | 131,950 | |
Selective Insurance Group, Inc. | 8,036 | 418,354 | |
State Auto Financial Corp. | 2,232 | 27,543 | |
Stewart Information Services Corp. | 3,655 | 154,935 | |
Third Point Reinsurance Ltd. (a) | 11,193 | 87,082 | |
Trupanion, Inc. (a) | 4,380 | 313,345 | |
United Fire Group, Inc. | 2,862 | 58,785 | |
United Insurance Holdings Corp. | 2,561 | 11,243 | |
Universal Insurance Holdings, Inc. | 4,083 | 50,915 | |
Unum Group | 26,909 | 475,213 | |
White Mountains Insurance Group Ltd. | 414 | 376,049 | |
15,902,603 | |||
Mortgage Real Estate Investment Trusts - 0.6% | |||
AG Mortgage Investment Trust, Inc. | 4,364 | 11,390 | |
Anworth Mortgage Asset Corp. | 14,069 | 23,073 | |
Apollo Commercial Real Estate Finance, Inc. | 17,850 | 155,295 | |
Ares Commercial Real Estate Corp. | 4,572 | 42,565 | |
Arlington Asset Investment Corp. | 4,977 | 12,243 | |
Armour Residential REIT, Inc. | 8,833 | 84,267 | |
Blackstone Mortgage Trust, Inc. | 19,701 | 427,512 | |
Capstead Mortgage Corp. | 13,147 | 67,181 | |
Cherry Hill Mortgage Investment Corp. | 2,177 | 19,941 | |
Chimera Investment Corp. | 31,322 | 261,539 | |
Colony NorthStar Credit Real Estate, Inc. | 11,529 | 60,412 | |
Dynex Capital, Inc. | 3,103 | 50,827 | |
Exantas Capital Corp. | 4,281 | 8,048 | |
Granite Point Mortgage Trust, Inc. | 7,950 | 53,583 | |
Great Ajax Corp. | 2,754 | 21,151 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 10,055 | 420,802 | |
Invesco Mortgage Capital, Inc. (b) | 25,183 | 67,994 | |
KKR Real Estate Finance Trust, Inc. | 3,877 | 64,785 | |
Ladder Capital Corp. Class A | 15,104 | 113,280 | |
MFA Financial, Inc. | 59,653 | 168,221 | |
New Residential Investment Corp. | 55,724 | 417,930 | |
New York Mortgage Trust, Inc. | 49,625 | 126,048 | |
Orchid Island Capital, Inc. | 9,803 | 50,878 | |
PennyMac Mortgage Investment Trust | 13,337 | 199,655 | |
Redwood Trust, Inc. | 15,814 | 134,419 | |
Starwood Property Trust, Inc. | 38,429 | 536,853 | |
TPG RE Finance Trust, Inc. | 8,112 | 63,436 | |
Two Harbors Investment Corp. | 35,959 | 181,953 | |
Western Asset Mortgage Capital Corp. | 7,094 | 13,762 | |
ZAIS Financial Corp. | 5,501 | 61,831 | |
3,920,874 | |||
Thrifts & Mortgage Finance - 0.9% | |||
Axos Financial, Inc. (a) | 7,029 | 191,611 | |
Capitol Federal Financial, Inc. | 18,090 | 207,673 | |
Columbia Financial, Inc. (a) | 6,593 | 80,369 | |
Dime Community Bancshares, Inc. | 3,382 | 42,782 | |
Essent Group Ltd. | 15,067 | 600,420 | |
Farmer Mac Class C (non-vtg.) | 1,132 | 73,116 | |
First Defiance Financial Corp. | 5,145 | 92,559 | |
Flagstar Bancorp, Inc. | 5,631 | 165,270 | |
HomeStreet, Inc. | 3,219 | 100,014 | |
Kearny Financial Corp. | 10,866 | 91,274 | |
Meridian Bancorp, Inc. Maryland | 7,231 | 90,026 | |
Meta Financial Group, Inc. | 4,710 | 138,191 | |
MGIC Investment Corp. | 45,323 | 455,949 | |
New York Community Bancorp, Inc. | 61,800 | 513,558 | |
NMI Holdings, Inc. (a) | 11,143 | 239,463 | |
Northfield Bancorp, Inc. | 6,592 | 66,975 | |
Northwest Bancshares, Inc. | 17,402 | 185,679 | |
Pennymac Financial Services, Inc. | 5,564 | 282,762 | |
Provident Financial Services, Inc. | 9,624 | 130,598 | |
Radian Group, Inc. | 25,576 | 459,089 | |
TFS Financial Corp. | 6,773 | 106,404 | |
Trustco Bank Corp., New York | 12,728 | 69,940 | |
Walker & Dunlop, Inc. | 3,903 | 245,421 | |
Washington Federal, Inc. | 10,141 | 215,902 | |
Waterstone Financial, Inc. | 3,327 | 56,160 | |
WMI Holdings Corp. (a) | 9,792 | 206,415 | |
WSFS Financial Corp. | 6,849 | 217,045 | |
5,324,665 | |||
TOTAL FINANCIALS | 72,808,354 | ||
HEALTH CARE - 16.8% | |||
Biotechnology - 6.3% | |||
89Bio, Inc. (a) | 788 | 18,250 | |
Abeona Therapeutics, Inc. (a) | 8,136 | 8,706 | |
ACADIA Pharmaceuticals, Inc. (a) | 15,446 | 717,467 | |
Acceleron Pharma, Inc. (a) | 7,013 | 733,420 | |
Acorda Therapeutics, Inc. (a)(b) | 4,976 | 4,350 | |
Adamas Pharmaceuticals, Inc. (a) | 2,496 | 7,588 | |
ADMA Biologics, Inc. (a)(b) | 10,264 | 20,425 | |
Adverum Biotechnologies, Inc. (a) | 11,672 | 127,342 | |
Agenus, Inc. (a)(b) | 20,377 | 75,191 | |
Agios Pharmaceuticals, Inc. (a)(b) | 7,642 | 306,215 | |
Akebia Therapeutics, Inc. (a)(b) | 19,758 | 43,863 | |
Akero Therapeutics, Inc. (a) | 2,324 | 61,702 | |
Albireo Pharma, Inc. (a) | 2,326 | 73,409 | |
Aldeyra Therapeutics, Inc. (a) | 5,043 | 33,687 | |
Alector, Inc. (a) | 6,865 | 64,600 | |
Alkermes PLC (a) | 21,149 | 343,671 | |
Allakos, Inc. (a)(b) | 4,188 | 398,404 | |
Allogene Therapeutics, Inc. (a) | 8,869 | 300,836 | |
Amicus Therapeutics, Inc. (a) | 34,643 | 617,685 | |
AnaptysBio, Inc. (a) | 2,916 | 85,905 | |
Anavex Life Sciences Corp. (a)(b) | 7,794 | 45,985 | |
Anika Therapeutics, Inc. (a) | 1,895 | 61,815 | |
Apellis Pharmaceuticals, Inc. (a) | 7,492 | 238,995 | |
Arcus Biosciences, Inc. (a) | 5,868 | 127,922 | |
Arcutis Biotherapeutics, Inc. (a) | 2,142 | 38,170 | |
Ardelyx, Inc. (a) | 8,892 | 45,438 | |
Arena Pharmaceuticals, Inc. (a) | 7,759 | 665,101 | |
Arrowhead Pharmaceuticals, Inc. (a) | 13,704 | 785,239 | |
Assembly Biosciences, Inc. (a) | 4,321 | 63,692 | |
Atara Biotherapeutics, Inc. (a) | 9,786 | 126,337 | |
Athenex, Inc. (a)(b) | 8,398 | 95,737 | |
Avid Bioservices, Inc. (a) | 7,187 | 52,106 | |
AVROBIO, Inc. (a) | 3,974 | 56,749 | |
Beam Therapeutics, Inc. (b) | 2,861 | 97,760 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 23,200 | 88,624 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 6,799 | 526,651 | |
Biospecifics Technologies Corp. (a) | 874 | 76,999 | |
Black Diamond Therapeutics, Inc. (a)(b) | 2,053 | 64,690 | |
bluebird bio, Inc. (a) | 8,979 | 464,304 | |
Blueprint Medicines Corp. (a) | 7,414 | 758,304 | |
Bridgebio Pharma, Inc. (a)(b) | 10,416 | 399,766 | |
Calithera Biosciences, Inc. (a) | 7,775 | 27,524 | |
CareDx, Inc. (a) | 6,565 | 322,013 | |
Castle Biosciences, Inc. (a)(b) | 1,823 | 84,642 | |
Catalyst Biosciences, Inc. (a) | 2,419 | 13,256 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 12,657 | 37,591 | |
Cel-Sci Corp. (a)(b) | 5,274 | 63,446 | |
ChemoCentryx, Inc. (a) | 6,703 | 321,744 | |
Clovis Oncology, Inc. (a)(b) | 11,946 | 58,894 | |
Coherus BioSciences, Inc. (a)(b) | 8,321 | 138,711 | |
Concert Pharmaceuticals, Inc. (a) | 3,544 | 36,574 | |
Corbus Pharmaceuticals Holdings, Inc. (a)(b) | 9,214 | 8,658 | |
Cortexyme, Inc. (a) | 1,745 | 83,533 | |
Cue Biopharma, Inc. (a) | 3,523 | 39,246 | |
Cytokinetics, Inc. (a) | 9,350 | 143,710 | |
CytomX Therapeutics, Inc. (a) | 6,268 | 41,494 | |
Deciphera Pharmaceuticals, Inc. (a) | 5,296 | 307,539 | |
Denali Therapeutics, Inc. (a) | 10,720 | 458,602 | |
Dicerna Pharmaceuticals, Inc. (a) | 8,509 | 178,604 | |
Dynavax Technologies Corp. (a)(b) | 14,266 | 53,212 | |
Eagle Pharmaceuticals, Inc. (a) | 1,764 | 82,061 | |
Editas Medicine, Inc. (a)(b) | 8,304 | 256,926 | |
Eiger Biopharmaceuticals, Inc. (a) | 3,858 | 34,259 | |
Emergent BioSolutions, Inc. (a) | 6,041 | 543,509 | |
Enanta Pharmaceuticals, Inc. (a) | 2,315 | 101,003 | |
Epizyme, Inc. (a) | 12,167 | 150,384 | |
Esperion Therapeutics, Inc. (a)(b) | 3,695 | 110,739 | |
Exelixis, Inc. (a) | 41,577 | 851,497 | |
Fate Therapeutics, Inc. (a) | 9,796 | 434,942 | |
FibroGen, Inc. (a) | 11,106 | 426,248 | |
Five Prime Therapeutics, Inc. (a) | 4,550 | 20,748 | |
Flexion Therapeutics, Inc. (a)(b) | 5,801 | 69,554 | |
G1 Therapeutics, Inc. (a) | 4,039 | 44,389 | |
Geron Corp. (a)(b) | 42,194 | 73,418 | |
Global Blood Therapeutics, Inc. (a) | 8,275 | 437,582 | |
GlycoMimetics, Inc. (a) | 4,013 | 11,236 | |
Gossamer Bio, Inc. (a) | 6,581 | 54,622 | |
Gritstone Oncology, Inc. (a) | 2,440 | 6,661 | |
Halozyme Therapeutics, Inc. (a) | 17,199 | 481,572 | |
Heron Therapeutics, Inc. (a) | 10,896 | 177,714 | |
Homology Medicines, Inc. (a) | 4,529 | 47,872 | |
ImmunoGen, Inc. (a) | 23,565 | 132,907 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 22,296 | 219,616 | |
Insmed, Inc. (a) | 13,729 | 452,233 | |
Intellia Therapeutics, Inc. (a)(b) | 7,288 | 174,475 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 3,526 | 97,988 | |
Invitae Corp. (a)(b) | 17,666 | 692,684 | |
Ionis Pharmaceuticals, Inc. (a) | 18,831 | 884,115 | |
Iovance Biotherapeutics, Inc. (a) | 18,454 | 658,439 | |
Ironwood Pharmaceuticals, Inc. Class A (a) | 22,095 | 218,299 | |
Jounce Therapeutics, Inc. (a) | 2,089 | 17,380 | |
Kadmon Holdings, Inc. (a) | 21,103 | 71,750 | |
Kalvista Pharmaceuticals, Inc. (a) | 1,463 | 25,178 | |
Karuna Therapeutics, Inc. (a) | 2,171 | 176,263 | |
Karyopharm Therapeutics, Inc. (a) | 8,449 | 125,214 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 3,132 | 49,047 | |
Kodiak Sciences, Inc. (a) | 3,474 | 315,474 | |
Krystal Biotech, Inc. (a) | 2,030 | 87,270 | |
Kura Oncology, Inc. (a) | 7,678 | 239,938 | |
La Jolla Pharmaceutical Co. (a)(b) | 2,603 | 8,850 | |
Ligand Pharmaceuticals, Inc. Class B (a)(b) | 2,201 | 181,472 | |
Macrogenics, Inc. (a) | 7,193 | 139,616 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 1,218 | 154,991 | |
MannKind Corp. (a)(b) | 31,455 | 63,225 | |
Minerva Neurosciences, Inc. (a) | 4,574 | 14,683 | |
Mirati Therapeutics, Inc. (a) | 5,861 | 1,272,658 | |
Moderna, Inc. (a)(b) | 40,302 | 2,719,176 | |
Molecular Templates, Inc. (a) | 4,659 | 41,186 | |
Myriad Genetics, Inc. (a) | 9,772 | 121,466 | |
Natera, Inc. (a) | 10,255 | 689,751 | |
Neurocrine Biosciences, Inc. (a) | 12,542 | 1,237,519 | |
NextCure, Inc. (a)(b) | 1,950 | 18,837 | |
Novavax, Inc. (a)(b) | 7,549 | 609,280 | |
Opko Health, Inc. (a)(b) | 58,746 | 206,786 | |
PDL BioPharma, Inc. (a) | 15,583 | 33,503 | |
PhaseBio Pharmaceuticals, Inc. (a)(b) | 1,986 | 5,422 | |
Pieris Pharmaceuticals, Inc. (a)(b) | 5,976 | 15,000 | |
Precigen, Inc. (a)(b) | 10,122 | 43,423 | |
Protagonist Therapeutics, Inc. (a) | 4,446 | 84,252 | |
Prothena Corp. PLC (a) | 3,364 | 36,701 | |
PTC Therapeutics, Inc. (a) | 9,097 | 474,772 | |
Puma Biotechnology, Inc. (a)(b) | 4,875 | 40,804 | |
Radius Health, Inc. (a) | 6,011 | 80,608 | |
Recro Pharma, Inc. (a) | 2,027 | 3,223 | |
REGENXBIO, Inc. (a) | 3,907 | 112,365 | |
Repligen Corp. (a) | 6,574 | 1,095,031 | |
Retrophin, Inc. (a) | 6,054 | 122,533 | |
Revolution Medicines, Inc. | 5,546 | 167,434 | |
Rhythm Pharmaceuticals, Inc. (a)(b) | 4,119 | 87,199 | |
Rigel Pharmaceuticals, Inc. (a) | 23,547 | 58,397 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 4,931 | 137,772 | |
Rubius Therapeutics, Inc. (a)(b) | 4,379 | 18,523 | |
Sage Therapeutics, Inc. (a) | 6,985 | 512,559 | |
Sangamo Therapeutics, Inc. (a) | 15,425 | 159,495 | |
Sarepta Therapeutics, Inc. (a) | 10,537 | 1,432,084 | |
Sesen Bio, Inc. (a) | 16,623 | 16,955 | |
Sorrento Therapeutics, Inc. (a)(b) | 27,003 | 187,401 | |
Spectrum Pharmaceuticals, Inc. (a) | 19,055 | 65,359 | |
Stoke Therapeutics, Inc. (a) | 2,030 | 77,932 | |
Syndax Pharmaceuticals, Inc. (a) | 3,952 | 68,804 | |
Syros Pharmaceuticals, Inc. (a)(b) | 4,962 | 33,097 | |
TCR2 Therapeutics, Inc. (a) | 3,046 | 59,915 | |
TG Therapeutics, Inc. (a) | 14,100 | 356,307 | |
Translate Bio, Inc. (a)(b) | 9,090 | 116,625 | |
Turning Point Therapeutics, Inc. (a) | 5,503 | 507,322 | |
Twist Bioscience Corp. (a) | 5,075 | 388,948 | |
Ultragenyx Pharmaceutical, Inc. (a) | 8,213 | 825,407 | |
United Therapeutics Corp. (a) | 5,951 | 798,803 | |
UNITY Biotechnology, Inc. (a)(b) | 3,540 | 13,700 | |
Vanda Pharmaceuticals, Inc. (a) | 7,563 | 80,848 | |
Veracyte, Inc. (a) | 7,578 | 262,653 | |
Verastem, Inc. (a) | 21,126 | 25,351 | |
Vericel Corp. (a) | 6,179 | 114,497 | |
Viking Therapeutics, Inc. (a)(b) | 9,088 | 51,165 | |
Voyager Therapeutics, Inc. (a) | 3,268 | 34,739 | |
Xbiotech, Inc. (a) | 1,834 | 31,380 | |
Xencor, Inc. (a) | 7,887 | 302,703 | |
XOMA Corp. (a) | 1,366 | 33,890 | |
Y-mAbs Therapeutics, Inc. (a) | 3,244 | 138,649 | |
ZIOPHARM Oncology, Inc. (a)(b) | 27,713 | 57,920 | |
37,248,265 | |||
Health Care Equipment & Supplies - 3.2% | |||
Abiomed, Inc. (a) | 6,058 | 1,525,889 | |
Accelerate Diagnostics, Inc. (a)(b) | 3,876 | 36,512 | |
Accuray, Inc. (a) | 13,237 | 38,520 | |
Alphatec Holdings, Inc. (a) | 6,186 | 52,828 | |
Angiodynamics, Inc. (a) | 5,195 | 53,716 | |
Antares Pharma, Inc. (a) | 20,588 | 56,205 | |
Atricure, Inc. (a) | 6,027 | 208,293 | |
Atrion Corp. | 181 | 108,808 | |
Avanos Medical, Inc. (a) | 6,352 | 224,543 | |
AxoGen, Inc. (a) | 4,874 | 61,461 | |
Axonics Modulation Technologies, Inc. (a) | 3,920 | 183,809 | |
BioLife Solutions, Inc. (a)(b) | 3,266 | 93,767 | |
Cantel Medical Corp. | 5,041 | 241,161 | |
Cardiovascular Systems, Inc. (a) | 5,304 | 189,088 | |
Cerus Corp. (a) | 22,950 | 120,488 | |
CONMED Corp. | 3,840 | 299,405 | |
Cryolife, Inc. (a) | 5,325 | 89,247 | |
CryoPort, Inc. (a)(b) | 5,172 | 207,604 | |
Cutera, Inc. (a) | 2,441 | 46,208 | |
Genmark Diagnostics, Inc. (a) | 8,947 | 109,332 | |
Glaukos Corp. (a)(b) | 5,974 | 334,066 | |
Globus Medical, Inc. (a) | 10,074 | 525,057 | |
Haemonetics Corp. (a) | 6,773 | 684,683 | |
Heska Corp. (a) | 1,186 | 139,153 | |
Hill-Rom Holdings, Inc. | 8,899 | 810,432 | |
ICU Medical, Inc. (a) | 2,606 | 463,321 | |
Inogen, Inc. (a) | 2,616 | 76,413 | |
Integer Holdings Corp. (a) | 4,369 | 255,368 | |
Integra LifeSciences Holdings Corp. (a) | 9,399 | 414,496 | |
IntriCon Corp. (a) | 1,005 | 12,563 | |
Invacare Corp. | 4,719 | 38,271 | |
IRadimed Corp. (a) | 706 | 15,991 | |
iRhythm Technologies, Inc. (a) | 3,837 | 811,334 | |
Lantheus Holdings, Inc. (a) | 9,129 | 99,141 | |
LeMaitre Vascular, Inc. | 2,233 | 72,528 | |
LENSAR, Inc. (a) | 1,182 | 11,536 | |
LivaNova PLC (a) | 6,558 | 330,130 | |
Masimo Corp. (a) | 6,795 | 1,520,857 | |
Meridian Bioscience, Inc. (a) | 5,863 | 100,550 | |
Merit Medical Systems, Inc. (a) | 6,562 | 328,428 | |
Mesa Laboratories, Inc. | 658 | 172,008 | |
Natus Medical, Inc. (a) | 4,621 | 84,148 | |
Neogen Corp. (a) | 7,190 | 501,431 | |
Nevro Corp. (a) | 4,587 | 684,426 | |
NuVasive, Inc. (a) | 6,912 | 307,100 | |
OraSure Technologies, Inc. (a) | 9,822 | 146,741 | |
Orthofix International NV (a) | 2,670 | 83,464 | |
OrthoPediatrics Corp. (a)(b) | 1,726 | 76,980 | |
Penumbra, Inc. (a) | 4,498 | 1,174,113 | |
Quidel Corp. (a) | 5,130 | 1,376,328 | |
Seaspine Holdings Corp. (a) | 3,163 | 40,360 | |
Senseonics Holdings, Inc. (a) | 18,795 | 7,014 | |
Shockwave Medical, Inc. (a) | 4,197 | 286,739 | |
SI-BONE, Inc. (a) | 3,174 | 66,559 | |
Sientra, Inc. (a) | 5,742 | 24,231 | |
Silk Road Medical, Inc. (a) | 4,495 | 272,397 | |
Staar Surgical Co. (a) | 6,158 | 446,455 | |
SurModics, Inc. (a) | 1,907 | 70,082 | |
Tactile Systems Technology, Inc. (a)(b) | 2,617 | 95,730 | |
Tandem Diabetes Care, Inc. (a) | 8,164 | 889,876 | |
TransMedics Group, Inc. (a) | 3,058 | 36,635 | |
Vapotherm, Inc. (a)(b) | 2,822 | 84,519 | |
Varex Imaging Corp. (a) | 5,475 | 73,365 | |
ViewRay, Inc. (a) | 14,327 | 42,551 | |
Wright Medical Group NV (a) | 17,802 | 544,563 | |
Zynex, Inc. (a)(b) | 2,620 | 33,562 | |
18,612,579 | |||
Health Care Providers & Services - 2.4% | |||
1Life Healthcare, Inc. (a) | 9,565 | 269,829 | |
Acadia Healthcare Co., Inc. (a) | 11,811 | 421,062 | |
Addus HomeCare Corp. (a) | 1,946 | 189,871 | |
Amedisys, Inc. (a) | 4,364 | 1,130,276 | |
American Renal Associates Holdings, Inc. (a) | 2,148 | 24,681 | |
AMN Healthcare Services, Inc. (a) | 6,259 | 408,588 | |
Apollo Medical Holdings, Inc. (a) | 1,589 | 27,426 | |
BioScrip, Inc. (a) | 7,004 | 93,363 | |
BioTelemetry, Inc. (a) | 4,596 | 195,698 | |
Brookdale Senior Living, Inc. (a) | 25,430 | 74,764 | |
Chemed Corp. | 2,139 | 1,023,126 | |
Community Health Systems, Inc. (a)(b) | 16,301 | 101,718 | |
Corvel Corp. (a) | 1,235 | 112,657 | |
Covetrus, Inc. (a) | 13,201 | 325,933 | |
Cross Country Healthcare, Inc. (a) | 4,956 | 38,905 | |
DaVita HealthCare Partners, Inc. (a) | 10,622 | 916,148 | |
Encompass Health Corp. | 13,324 | 816,894 | |
Guardant Health, Inc. (a) | 11,327 | 1,208,138 | |
Hanger, Inc. (a) | 5,246 | 91,648 | |
HealthEquity, Inc. (a) | 10,263 | 528,442 | |
LHC Group, Inc. (a) | 4,249 | 920,121 | |
Magellan Health Services, Inc. (a) | 2,951 | 213,269 | |
MEDNAX, Inc. (a) | 11,111 | 141,665 | |
Molina Healthcare, Inc. (a) | 7,966 | 1,485,420 | |
National Healthcare Corp. | 1,567 | 99,191 | |
National Research Corp. Class A | 1,732 | 89,718 | |
Owens & Minor, Inc. | 9,731 | 244,443 | |
Patterson Companies, Inc. | 11,585 | 288,177 | |
Pennant Group, Inc. (a) | 3,295 | 137,270 | |
PetIQ, Inc. Class A (a)(b) | 2,881 | 82,281 | |
Premier, Inc. | 9,430 | 308,644 | |
Providence Service Corp. (a) | 1,609 | 189,138 | |
R1 RCM, Inc. (a) | 15,390 | 275,789 | |
RadNet, Inc. (a) | 5,892 | 85,493 | |
Select Medical Holdings Corp. (a) | 14,334 | 300,727 | |
Surgery Partners, Inc. (a) | 2,842 | 62,012 | |
Tenet Healthcare Corp. (a) | 14,174 | 347,830 | |
The Ensign Group, Inc. | 6,756 | 397,523 | |
The Joint Corp. (a) | 1,787 | 33,488 | |
Tivity Health, Inc. (a) | 4,846 | 66,633 | |
Triple-S Management Corp. (a) | 3,352 | 62,079 | |
U.S. Physical Therapy, Inc. | 1,666 | 132,164 | |
13,962,242 | |||
Health Care Technology - 1.1% | |||
Allscripts Healthcare Solutions, Inc. (a) | 21,914 | 220,893 | |
Change Healthcare, Inc. (a) | 30,536 | 432,084 | |
Computer Programs & Systems, Inc. | 1,744 | 48,640 | |
Evolent Health, Inc. (a) | 10,875 | 108,098 | |
Health Catalyst, Inc. (a) | 3,906 | 134,679 | |
HealthStream, Inc. (a) | 3,430 | 62,769 | |
HMS Holdings Corp. (a) | 11,805 | 314,249 | |
Inovalon Holdings, Inc. Class A (a) | 10,198 | 193,660 | |
Inspire Medical Systems, Inc. (a) | 3,597 | 429,590 | |
Nextgen Healthcare, Inc. (a) | 7,428 | 101,021 | |
Omnicell, Inc. (a) | 5,759 | 498,441 | |
OptimizeRx Corp. (a) | 1,636 | 32,393 | |
Phreesia, Inc. (a) | 3,971 | 146,808 | |
Schrodinger, Inc. | 4,357 | 212,534 | |
Simulations Plus, Inc. | 2,064 | 133,788 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 2,784 | 96,159 | |
Teladoc Health, Inc. (a)(b) | 16,010 | 3,145,325 | |
Vocera Communications, Inc. (a) | 4,541 | 148,854 | |
6,459,985 | |||
Life Sciences Tools & Services - 1.8% | |||
Adaptive Biotechnologies Corp. (a) | 10,941 | 504,161 | |
Avantor, Inc. (a) | 59,761 | 1,390,638 | |
Bio-Rad Laboratories, Inc. Class A (a) | 2,881 | 1,689,476 | |
Bio-Techne Corp. | 5,188 | 1,309,503 | |
Bruker Corp. | 13,743 | 584,627 | |
Charles River Laboratories International, Inc. (a) | 6,698 | 1,525,135 | |
Codexis, Inc. (a) | 6,698 | 89,150 | |
Fluidigm Corp. (a)(b) | 9,861 | 56,602 | |
Frontage Holdings Corp. (a)(d) | 90,000 | 39,471 | |
Luminex Corp. | 5,973 | 131,645 | |
Medpace Holdings, Inc. (a) | 3,693 | 409,701 | |
Nanostring Technologies, Inc. (a) | 5,762 | 211,177 | |
NeoGenomics, Inc. (a) | 14,786 | 580,055 | |
Pacific Biosciences of California, Inc. (a) | 23,783 | 311,795 | |
PPD, Inc. | 14,546 | 478,272 | |
PRA Health Sciences, Inc. (a) | 8,572 | 835,256 | |
Quanterix Corp. (a) | 2,914 | 106,682 | |
Syneos Health, Inc. (a) | 9,383 | 498,050 | |
10,751,396 | |||
Pharmaceuticals - 2.0% | |||
AcelRx Pharmaceuticals, Inc. (a) | 11,360 | 19,426 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 6,028 | 63,957 | |
AMAG Pharmaceuticals, Inc. (a) | 4,775 | 65,513 | |
Amneal Pharmaceuticals, Inc. (a) | 15,057 | 62,637 | |
Amphastar Pharmaceuticals, Inc. (a) | 4,773 | 93,503 | |
ANI Pharmaceuticals, Inc. (a) | 1,376 | 35,074 | |
Arvinas Holding Co. LLC (a) | 3,183 | 66,557 | |
Assertio Holdings, Inc. (a) | 9,525 | 5,906 | |
Axsome Therapeutics, Inc. (a) | 3,530 | 234,074 | |
Biodelivery Sciences International, Inc. (a) | 13,988 | 44,202 | |
Cara Therapeutics, Inc. (a) | 5,873 | 77,876 | |
Catalent, Inc. (a) | 22,072 | 1,937,259 | |
Chiasma, Inc. (a) | 6,512 | 24,420 | |
Collegium Pharmaceutical, Inc. (a) | 4,550 | 81,127 | |
Corcept Therapeutics, Inc. (a) | 14,056 | 235,860 | |
CorMedix, Inc. (a)(b) | 3,915 | 19,771 | |
CymaBay Therapeutics, Inc. (a) | 9,004 | 74,913 | |
Durect Corp. (a)(b) | 27,905 | 50,369 | |
Endo International PLC (a) | 30,600 | 139,842 | |
Evofem Biosciences, Inc. (a)(b) | 5,624 | 13,329 | |
Evolus, Inc. (a)(b) | 2,935 | 8,893 | |
Horizon Therapeutics PLC (a) | 28,426 | 2,129,960 | |
Innoviva, Inc. (a)(b) | 8,123 | 87,810 | |
Intersect ENT, Inc. (a) | 4,596 | 71,238 | |
Intra-Cellular Therapies, Inc. (a) | 9,383 | 231,479 | |
Jazz Pharmaceuticals PLC (a) | 7,432 | 1,070,951 | |
Kala Pharmaceuticals, Inc. (a)(b) | 4,350 | 28,710 | |
Lannett Co., Inc. (a)(b) | 4,808 | 30,915 | |
MyoKardia, Inc. (a) | 7,121 | 1,591,757 | |
Nektar Therapeutics (a)(b) | 23,776 | 376,612 | |
Ocular Therapeutix, Inc. (a) | 8,402 | 79,819 | |
Odonate Therapeutics, Inc. (a) | 1,839 | 26,500 | |
Omeros Corp. (a)(b) | 8,037 | 81,495 | |
OptiNose, Inc. (a)(b) | 4,399 | 14,077 | |
Pacira Biosciences, Inc. (a) | 5,685 | 297,326 | |
Paratek Pharmaceuticals, Inc. (a) | 5,431 | 25,906 | |
Perrigo Co. PLC | 18,338 | 804,488 | |
Phibro Animal Health Corp. Class A | 2,892 | 47,544 | |
Prestige Brands Holdings, Inc. (a) | 6,531 | 215,719 | |
Reata Pharmaceuticals, Inc. (a) | 3,220 | 375,806 | |
Revance Therapeutics, Inc. (a) | 8,208 | 212,423 | |
Royalty Pharma PLC | 10,879 | 399,259 | |
Supernus Pharmaceuticals, Inc. (a) | 6,871 | 126,152 | |
TherapeuticsMD, Inc. (a)(b) | 31,484 | 38,410 | |
Theravance Biopharma, Inc. (a) | 6,604 | 124,882 | |
Tricida, Inc. (a) | 3,562 | 20,054 | |
WAVE Life Sciences (a) | 2,904 | 20,531 | |
Xeris Pharmaceuticals, Inc. (a)(b) | 6,116 | 28,929 | |
Zogenix, Inc. (a)(b) | 7,258 | 154,741 | |
Zynerba Pharmaceuticals, Inc. (a) | 2,810 | 9,638 | |
12,077,639 | |||
TOTAL HEALTH CARE | 99,112,106 | ||
INDUSTRIALS - 14.8% | |||
Aerospace & Defense - 0.9% | |||
AAR Corp. | 4,649 | 90,470 | |
Aerojet Rocketdyne Holdings, Inc. (a) | 9,840 | 319,013 | |
AeroVironment, Inc. (a) | 2,992 | 228,469 | |
Astronics Corp. (a) | 3,229 | 20,666 | |
Axon Enterprise, Inc. (a) | 8,524 | 843,024 | |
BWX Technologies, Inc. | 12,757 | 701,763 | |
Cubic Corp. | 4,222 | 249,562 | |
Curtiss-Wright Corp. | 5,571 | 469,970 | |
Ducommun, Inc. (a) | 1,431 | 47,080 | |
Hexcel Corp. | 11,249 | 376,617 | |
Kaman Corp. | 3,544 | 140,555 | |
Kratos Defense & Security Solutions, Inc. (a) | 16,353 | 308,908 | |
Maxar Technologies, Inc. | 8,114 | 209,098 | |
Mercury Systems, Inc. (a) | 7,492 | 516,049 | |
Moog, Inc. Class A | 3,980 | 248,312 | |
National Presto Industries, Inc. | 673 | 55,920 | |
Park Aerospace Corp. | 2,730 | 28,911 | |
Parsons Corp. (a) | 3,023 | 95,285 | |
Spirit AeroSystems Holdings, Inc. Class A | 14,205 | 258,389 | |
Triumph Group, Inc. | 7,275 | 48,015 | |
Vectrus, Inc. (a) | 1,547 | 61,137 | |
5,317,213 | |||
Air Freight & Logistics - 0.6% | |||
Air Transport Services Group, Inc. (a) | 7,998 | 224,264 | |
Atlas Air Worldwide Holdings, Inc. (a) | 3,520 | 208,243 | |
C.H. Robinson Worldwide, Inc. | 18,115 | 1,601,909 | |
Echo Global Logistics, Inc. (a) | 3,612 | 97,416 | |
Forward Air Corp. | 3,772 | 237,523 | |
Hub Group, Inc. Class A (a) | 4,441 | 222,627 | |
XPO Logistics, Inc. (a) | 12,272 | 1,104,480 | |
3,696,462 | |||
Airlines - 0.3% | |||
Alaska Air Group, Inc. | 16,881 | 639,621 | |
Allegiant Travel Co. | 1,814 | 244,455 | |
Hawaiian Holdings, Inc. | 6,262 | 86,729 | |
JetBlue Airways Corp. (a) | 37,290 | 446,361 | |
Mesa Air Group, Inc. (a) | 4,745 | 14,994 | |
SkyWest, Inc. | 6,814 | 197,810 | |
Spirit Airlines, Inc. (a) | 12,001 | 210,858 | |
1,840,828 | |||
Building Products - 1.5% | |||
A.O. Smith Corp. | 18,125 | 936,881 | |
AAON, Inc. | 5,492 | 320,788 | |
Advanced Drain Systems, Inc. | 6,490 | 411,661 | |
American Woodmark Corp. (a) | 2,267 | 187,277 | |
Apogee Enterprises, Inc. | 3,703 | 88,465 | |
Armstrong World Industries, Inc. | 6,451 | 386,415 | |
Builders FirstSource, Inc. (a) | 15,735 | 476,771 | |
Cornerstone Building Brands, Inc. (a) | 6,464 | 49,579 | |
CSW Industrials, Inc. | 1,847 | 157,974 | |
Gibraltar Industries, Inc. (a) | 4,347 | 249,735 | |
Griffon Corp. | 5,795 | 124,245 | |
Insteel Industries, Inc. | 2,616 | 56,924 | |
Jeld-Wen Holding, Inc. (a) | 8,980 | 188,849 | |
Lennox International, Inc. | 4,672 | 1,269,196 | |
Masonite International Corp. (a) | 3,267 | 287,496 | |
Owens Corning | 14,521 | 950,690 | |
Patrick Industries, Inc. | 2,940 | 163,905 | |
PGT Innovations, Inc. (a) | 8,201 | 135,973 | |
Quanex Building Products Corp. | 4,437 | 80,753 | |
Resideo Technologies, Inc. (a) | 16,575 | 167,076 | |
Simpson Manufacturing Co. Ltd. | 5,841 | 518,214 | |
Trex Co., Inc. (a) | 15,575 | 1,083,086 | |
UFP Industries, Inc. | 8,206 | 409,561 | |
8,701,514 | |||
Commercial Services & Supplies - 1.5% | |||
ABM Industries, Inc. | 8,946 | 310,605 | |
ACCO Brands Corp. | 13,015 | 68,589 | |
Brady Corp. Class A | 6,433 | 242,653 | |
BrightView Holdings, Inc. (a) | 4,282 | 52,369 | |
Casella Waste Systems, Inc. Class A (a) | 6,005 | 324,210 | |
Cimpress PLC (a) | 2,602 | 190,987 | |
Clean Harbors, Inc. (a) | 6,814 | 360,938 | |
Covanta Holding Corp. | 16,337 | 148,340 | |
Deluxe Corp. | 5,618 | 120,450 | |
Ennis, Inc. | 3,520 | 53,645 | |
Harsco Corp. (a) | 10,294 | 132,793 | |
Healthcare Services Group, Inc. | 9,916 | 226,878 | |
Herman Miller, Inc. | 7,815 | 238,123 | |
HNI Corp. | 5,868 | 191,003 | |
IAA Spinco, Inc. (a) | 17,968 | 1,016,809 | |
Interface, Inc. | 8,270 | 50,695 | |
KAR Auction Services, Inc. | 17,369 | 252,893 | |
Kimball International, Inc. Class B | 5,148 | 53,024 | |
Knoll, Inc. | 6,778 | 77,676 | |
Matthews International Corp. Class A | 4,336 | 94,655 | |
McGrath RentCorp. | 3,183 | 181,686 | |
MSA Safety, Inc. | 4,823 | 636,250 | |
Pitney Bowes, Inc. | 24,191 | 128,454 | |
Quad/Graphics, Inc. | 4,212 | 9,561 | |
R.R. Donnelley & Sons Co. | 8,592 | 10,053 | |
Rollins, Inc. | 19,782 | 1,144,389 | |
SP Plus Corp. (a) | 3,072 | 56,617 | |
Steelcase, Inc. Class A | 11,556 | 120,645 | |
Stericycle, Inc. (a) | 12,162 | 757,693 | |
Team, Inc. (a) | 4,541 | 24,340 | |
Tetra Tech, Inc. | 7,233 | 729,882 | |
The Brink's Co. | 6,780 | 290,387 | |
U.S. Ecology, Inc. | 4,205 | 128,337 | |
UniFirst Corp. | 2,037 | 333,681 | |
Viad Corp. | 2,816 | 56,320 | |
8,815,630 | |||
Construction & Engineering - 1.0% | |||
AECOM (a) | 21,552 | 966,392 | |
Aegion Corp. (a) | 4,042 | 57,033 | |
Ameresco, Inc. Class A (a)(b) | 2,718 | 104,344 | |
Arcosa, Inc. | 6,492 | 299,736 | |
Argan, Inc. | 1,951 | 80,362 | |
Comfort Systems U.S.A., Inc. | 4,888 | 223,870 | |
Construction Partners, Inc. Class A (a) | 4,456 | 90,813 | |
Dycom Industries, Inc. (a) | 4,264 | 276,904 | |
EMCOR Group, Inc. | 7,339 | 500,446 | |
Fluor Corp. | 16,424 | 186,412 | |
Granite Construction, Inc. | 6,397 | 123,526 | |
Great Lakes Dredge & Dock Corp. (a) | 9,216 | 95,201 | |
MasTec, Inc. (a)(b) | 7,550 | 374,782 | |
MYR Group, Inc. (a) | 2,342 | 100,121 | |
Northwest Pipe Co. (a) | 1,286 | 34,465 | |
NV5 Holdings, Inc. (a)(b) | 1,426 | 79,970 | |
Primoris Services Corp. | 5,853 | 110,446 | |
Quanta Services, Inc. | 18,566 | 1,159,075 | |
Sterling Construction Co., Inc. (a) | 3,699 | 54,375 | |
Tutor Perini Corp. (a) | 5,585 | 75,453 | |
Valmont Industries, Inc. | 2,845 | 403,848 | |
Willscot Mobile Mini Holdings (a) | 22,928 | 426,002 | |
5,823,576 | |||
Electrical Equipment - 1.4% | |||
Acuity Brands, Inc. | 5,360 | 477,790 | |
Allied Motion Technologies, Inc. | 1,003 | 37,893 | |
American Superconductor Corp. (a) | 2,522 | 35,081 | |
Atkore International Group, Inc. (a) | 6,413 | 132,685 | |
AZZ, Inc. | 3,644 | 122,402 | |
Bloom Energy Corp. Class A (a) | 10,829 | 136,879 | |
Encore Wire Corp. | 2,841 | 131,283 | |
EnerSys | 5,656 | 404,970 | |
Generac Holdings, Inc. (a) | 8,449 | 1,775,557 | |
GrafTech International Ltd. | 12,050 | 81,338 | |
Hubbell, Inc. Class B | 7,276 | 1,058,731 | |
nVent Electric PLC | 22,810 | 411,721 | |
Plug Power, Inc. (a)(b) | 53,792 | 753,088 | |
Powell Industries, Inc. | 1,152 | 27,222 | |
Regal Beloit Corp. | 5,465 | 539,122 | |
Sensata Technologies, Inc. PLC (a) | 21,013 | 918,478 | |
Sunrun, Inc. (a) | 20,816 | 1,082,848 | |
Thermon Group Holdings, Inc. (a) | 4,513 | 45,536 | |
TPI Composites, Inc. (a) | 4,279 | 141,720 | |
Vicor Corp. (a) | 2,799 | 218,322 | |
8,532,666 | |||
Industrial Conglomerates - 0.2% | |||
Carlisle Companies, Inc. | 7,293 | 903,384 | |
Raven Industries, Inc. | 4,883 | 107,035 | |
1,010,419 | |||
Machinery - 4.2% | |||
AGCO Corp. | 8,246 | 635,189 | |
Alamo Group, Inc. | 1,326 | 159,558 | |
Albany International Corp. Class A | 4,009 | 204,218 | |
Allison Transmission Holdings, Inc. | 15,209 | 549,805 | |
Altra Industrial Motion Corp. | 8,082 | 345,586 | |
Astec Industries, Inc. | 3,059 | 155,397 | |
Barnes Group, Inc. | 6,184 | 226,953 | |
Blue Bird Corp. (a) | 2,148 | 24,788 | |
Chart Industries, Inc. (a) | 4,741 | 400,377 | |
CIRCOR International, Inc. (a) | 2,779 | 77,534 | |
Colfax Corp. (a)(b) | 13,418 | 364,835 | |
Columbus McKinnon Corp. (NY Shares) | 3,295 | 111,668 | |
Commercial Vehicle Group, Inc. (a) | 4,313 | 25,231 | |
Crane Co. | 6,638 | 336,879 | |
Donaldson Co., Inc. | 16,883 | 801,943 | |
Douglas Dynamics, Inc. | 3,204 | 109,288 | |
Energy Recovery, Inc. (a)(b) | 5,075 | 49,177 | |
Enerpac Tool Group Corp. Class A | 7,842 | 139,823 | |
EnPro Industries, Inc. | 2,740 | 161,715 | |
ESCO Technologies, Inc. | 3,447 | 288,479 | |
Evoqua Water Technologies Corp. (a) | 12,412 | 284,607 | |
Federal Signal Corp. | 8,037 | 230,501 | |
Flowserve Corp. | 17,480 | 509,018 | |
Franklin Electric Co., Inc. | 5,133 | 306,594 | |
Gates Industrial Corp. PLC (a) | 5,437 | 60,351 | |
Gorman-Rupp Co. | 2,500 | 77,625 | |
Graco, Inc. | 22,407 | 1,386,993 | |
Greenbrier Companies, Inc. | 4,525 | 122,085 | |
Helios Technologies, Inc. | 4,053 | 169,578 | |
Hillenbrand, Inc. | 9,937 | 290,657 | |
Hyster-Yale Materials Handling Class A | 1,289 | 54,654 | |
Ingersoll Rand, Inc. (a) | 49,900 | 1,743,506 | |
ITT, Inc. | 11,565 | 699,798 | |
John Bean Technologies Corp. | 4,287 | 359,979 | |
Kadant, Inc. | 1,521 | 175,098 | |
Kennametal, Inc. | 11,149 | 345,619 | |
Lincoln Electric Holdings, Inc. | 7,944 | 808,858 | |
Lindsay Corp. | 1,437 | 151,316 | |
LiqTech International, Inc. (a)(b) | 2,145 | 16,023 | |
Lydall, Inc. (a) | 2,473 | 48,941 | |
Manitowoc Co., Inc. (a) | 4,630 | 34,864 | |
Meritor, Inc. (a) | 9,633 | 234,467 | |
Middleby Corp. (a) | 7,452 | 741,772 | |
Miller Industries, Inc. | 1,497 | 44,820 | |
Mueller Industries, Inc. | 7,705 | 222,906 | |
Mueller Water Products, Inc. Class A | 21,248 | 220,129 | |
Navistar International Corp. (a) | 6,655 | 286,897 | |
NN, Inc. (a) | 6,200 | 33,232 | |
Nordson Corp. | 7,250 | 1,402,368 | |
Omega Flex, Inc. | 422 | 63,173 | |
Oshkosh Corp. | 9,103 | 613,178 | |
Pentair PLC | 22,284 | 1,108,852 | |
Proto Labs, Inc. (a) | 3,602 | 425,324 | |
RBC Bearings, Inc. (a) | 3,379 | 402,270 | |
REV Group, Inc. | 3,717 | 29,178 | |
Rexnord Corp. | 16,171 | 518,766 | |
Snap-On, Inc. | 7,327 | 1,154,222 | |
SPX Corp. (a) | 5,972 | 253,153 | |
SPX Flow, Inc. (a) | 5,680 | 240,548 | |
Standex International Corp. | 1,653 | 102,635 | |
Tennant Co. | 2,534 | 151,077 | |
Terex Corp. | 9,152 | 225,963 | |
The Shyft Group, Inc. | 4,255 | 82,164 | |
Timken Co. | 9,085 | 542,375 | |
Toro Co. | 14,433 | 1,184,949 | |
TriMas Corp. (a) | 5,905 | 143,669 | |
Trinity Industries, Inc. (b) | 11,699 | 220,409 | |
Wabash National Corp. | 7,161 | 102,116 | |
Watts Water Technologies, Inc. Class A | 3,665 | 405,972 | |
Welbilt, Inc. (a) | 16,715 | 101,627 | |
Woodward, Inc. | 7,779 | 618,819 | |
24,922,138 | |||
Marine - 0.1% | |||
Eagle Bulk Shipping, Inc. (a)(b) | 1,424 | 19,594 | |
Genco Shipping & Trading Ltd. | 3,792 | 24,496 | |
Kirby Corp. (a) | 8,072 | 310,691 | |
Matson, Inc. | 5,724 | 297,362 | |
652,143 | |||
Professional Services - 1.1% | |||
ASGN, Inc. (a) | 6,999 | 466,693 | |
Barrett Business Services, Inc. | 1,077 | 63,812 | |
CBIZ, Inc. (a) | 7,410 | 167,985 | |
CoreLogic, Inc. | 10,670 | 820,843 | |
CRA International, Inc. | 1,113 | 45,577 | |
Exponent, Inc. | 6,924 | 481,841 | |
Forrester Research, Inc. (a) | 1,396 | 51,568 | |
Franklin Covey Co. (a) | 1,293 | 21,878 | |
FTI Consulting, Inc. (a) | 4,898 | 482,257 | |
Heidrick & Struggles International, Inc. | 2,627 | 60,027 | |
Huron Consulting Group, Inc. (a) | 2,908 | 110,097 | |
ICF International, Inc. | 2,186 | 142,943 | |
Insperity, Inc. | 4,811 | 368,426 | |
Kelly Services, Inc. Class A (non-vtg.) | 4,684 | 81,408 | |
Kforce, Inc. | 2,630 | 91,261 | |
Korn Ferry | 7,630 | 230,350 | |
Manpower, Inc. | 7,816 | 530,472 | |
MISTRAS Group, Inc. (a) | 2,336 | 8,690 | |
Nielsen Holdings PLC | 47,920 | 647,399 | |
Resources Connection, Inc. | 4,257 | 45,720 | |
Robert Half International, Inc. | 15,469 | 784,124 | |
TriNet Group, Inc. (a) | 5,367 | 369,894 | |
TrueBlue, Inc. (a) | 4,952 | 76,855 | |
Upwork, Inc. (a) | 11,768 | 217,120 | |
Willdan Group, Inc. (a) | 1,505 | 39,386 | |
6,406,626 | |||
Road & Rail - 0.9% | |||
AMERCO | 1,195 | 414,856 | |
ArcBest Corp. | 3,542 | 108,102 | |
Avis Budget Group, Inc. (a)(b) | 6,860 | 230,976 | |
Covenant Transport Group, Inc. Class A (a) | 1,732 | 23,850 | |
Heartland Express, Inc. | 6,413 | 117,422 | |
J.B. Hunt Transport Services, Inc. | 11,218 | 1,365,679 | |
Knight-Swift Transportation Holdings, Inc. Class A | 17,089 | 649,211 | |
Landstar System, Inc. | 5,171 | 644,824 | |
Marten Transport Ltd. | 8,190 | 125,676 | |
Ryder System, Inc. | 7,171 | 353,243 | |
Saia, Inc. (a) | 3,489 | 515,186 | |
Schneider National, Inc. Class B | 4,851 | 107,013 | |
Universal Logistics Holdings, Inc. | 1,024 | 20,204 | |
Werner Enterprises, Inc. | 7,879 | 299,560 | |
YRC Worldwide, Inc. (a) | 6,680 | 26,186 | |
5,001,988 | |||
Trading Companies & Distributors - 1.1% | |||
Air Lease Corp. Class A | 14,366 | 391,330 | |
Applied Industrial Technologies, Inc. | 5,146 | 314,163 | |
Beacon Roofing Supply, Inc. (a) | 7,262 | 222,943 | |
BlueLinx Corp. (a) | 1,201 | 26,398 | |
BMC Stock Holdings, Inc. (a) | 9,043 | 358,012 | |
CAI International, Inc. | 2,304 | 60,710 | |
DXP Enterprises, Inc. (a) | 2,111 | 33,016 | |
Foundation Building Materials, Inc. (a) | 2,750 | 40,040 | |
GATX Corp. (b) | 4,665 | 318,526 | |
GMS, Inc. (a) | 5,844 | 132,074 | |
H&E Equipment Services, Inc. | 4,395 | 92,471 | |
HD Supply Holdings, Inc. (a) | 21,702 | 865,042 | |
Herc Holdings, Inc. (a) | 3,404 | 151,001 | |
MRC Global, Inc. (a) | 7,290 | 31,055 | |
MSC Industrial Direct Co., Inc. Class A | 6,100 | 424,926 | |
Now, Inc. (a) | 15,486 | 63,028 | |
Rush Enterprises, Inc. Class A | 5,584 | 200,131 | |
SiteOne Landscape Supply, Inc. (a) | 5,918 | 707,142 | |
Textainer Group Holdings Ltd. (a) | 6,324 | 91,445 | |
Titan Machinery, Inc. (a) | 2,765 | 41,447 | |
Triton International Ltd. | 9,061 | 334,170 | |
Univar, Inc. (a) | 22,748 | 377,389 | |
Veritiv Corp. (a) | 1,826 | 26,294 | |
Watsco, Inc. | 4,414 | 989,354 | |
WESCO International, Inc. (a) | 5,954 | 245,543 | |
6,537,650 | |||
Transportation Infrastructure - 0.0% | |||
Macquarie Infrastructure Co. LLC | 9,778 | 252,272 | |
TOTAL INDUSTRIALS | 87,511,125 | ||
INFORMATION TECHNOLOGY - 18.4% | |||
Communications Equipment - 1.1% | |||
Acacia Communications, Inc. (a) | 5,275 | 357,329 | |
ADTRAN, Inc. | 6,488 | 69,357 | |
Applied Optoelectronics, Inc. (a)(b) | 2,738 | 24,040 | |
CalAmp Corp. (a) | 4,575 | 32,391 | |
Calix Networks, Inc. (a) | 7,460 | 174,639 | |
Casa Systems, Inc. (a) | 3,890 | 16,221 | |
Ciena Corp. (a) | 20,601 | 811,473 | |
CommScope Holding Co., Inc. (a) | 26,106 | 232,343 | |
Comtech Telecommunications Corp. | 3,513 | 50,587 | |
Digi International, Inc. (a) | 4,280 | 63,044 | |
EchoStar Holding Corp. Class A (a) | 6,391 | 148,016 | |
Extreme Networks, Inc. (a) | 16,990 | 68,979 | |
F5 Networks, Inc. (a) | 8,203 | 1,090,507 | |
Harmonic, Inc. (a) | 13,105 | 77,844 | |
Infinera Corp. (a)(b) | 25,168 | 157,552 | |
Inseego Corp. (a)(b) | 8,609 | 74,898 | |
InterDigital, Inc. | 4,058 | 227,167 | |
Juniper Networks, Inc. | 44,652 | 880,537 | |
Lumentum Holdings, Inc. (a) | 10,087 | 834,094 | |
NETGEAR, Inc. (a) | 4,124 | 127,102 | |
NetScout Systems, Inc. (a) | 9,493 | 194,796 | |
Plantronics, Inc. | 4,943 | 96,487 | |
Sonus Networks, Inc. (a) | 15,089 | 65,034 | |
Ubiquiti, Inc. | 1,010 | 187,466 | |
ViaSat, Inc. (a) | 8,565 | 290,354 | |
Viavi Solutions, Inc. (a) | 30,798 | 380,355 | |
6,732,612 | |||
Electronic Equipment & Components - 2.3% | |||
Akoustis Technologies, Inc. (a)(b) | 4,156 | 34,453 | |
Arlo Technologies, Inc. (a) | 11,021 | 49,154 | |
Arrow Electronics, Inc. (a) | 10,376 | 808,187 | |
Avnet, Inc. | 13,160 | 324,657 | |
Badger Meter, Inc. | 3,909 | 286,686 | |
Belden, Inc. | 5,919 | 182,779 | |
Benchmark Electronics, Inc. | 5,076 | 105,733 | |
Cognex Corp. | 23,276 | 1,533,888 | |
Coherent, Inc. (a) | 3,259 | 407,831 | |
CTS Corp. | 4,359 | 120,483 | |
Dolby Laboratories, Inc. Class A | 8,637 | 648,466 | |
ePlus, Inc. (a) | 1,856 | 125,299 | |
Fabrinet (a) | 4,954 | 297,339 | |
FARO Technologies, Inc. (a) | 2,382 | 143,492 | |
Fitbit, Inc. (a) | 31,487 | 221,668 | |
FLIR Systems, Inc. | 17,571 | 609,538 | |
II-VI, Inc. (a) | 13,870 | 630,669 | |
Insight Enterprises, Inc. (a) | 4,678 | 249,571 | |
IPG Photonics Corp. (a) | 4,793 | 891,306 | |
Itron, Inc. (a) | 5,373 | 365,095 | |
Jabil, Inc. | 18,268 | 605,402 | |
Knowles Corp. (a) | 12,001 | 171,014 | |
Littelfuse, Inc. | 3,264 | 646,076 | |
Luna Innovations, Inc. (a) | 3,950 | 24,925 | |
Methode Electronics, Inc. Class A | 5,161 | 158,804 | |
MTS Systems Corp. | 2,430 | 59,000 | |
Napco Security Technolgies, Inc. (a) | 1,486 | 35,842 | |
National Instruments Corp. | 17,736 | 554,782 | |
nLIGHT, Inc. (a) | 4,679 | 99,382 | |
Novanta, Inc. (a) | 4,726 | 513,811 | |
OSI Systems, Inc. (a) | 2,195 | 169,366 | |
Par Technology Corp. (a) | 2,260 | 83,552 | |
PC Connection, Inc. | 1,502 | 68,416 | |
Plexus Corp. (a) | 3,934 | 273,570 | |
Rogers Corp. (a) | 2,502 | 303,292 | |
Sanmina Corp. (a) | 9,115 | 222,771 | |
ScanSource, Inc. (a) | 3,550 | 71,355 | |
SYNNEX Corp. | 5,520 | 726,653 | |
TTM Technologies, Inc. (a) | 13,812 | 163,948 | |
Vishay Intertechnology, Inc. | 17,736 | 287,678 | |
Vishay Precision Group, Inc. (a) | 1,865 | 44,555 | |
13,320,488 | |||
IT Services - 2.0% | |||
Alliance Data Systems Corp. | 6,408 | 330,268 | |
Brightcove, Inc. (a) | 5,248 | 66,387 | |
CACI International, Inc. Class A (a) | 3,371 | 702,955 | |
Cardtronics PLC (a) | 5,089 | 90,635 | |
Cass Information Systems, Inc. | 1,709 | 67,027 | |
Conduent, Inc. (a) | 22,736 | 79,235 | |
CSG Systems International, Inc. | 4,408 | 166,975 | |
DXC Technology Co. | 34,008 | 626,427 | |
Endurance International Group Holdings, Inc. (a) | 8,720 | 50,663 | |
Euronet Worldwide, Inc. (a) | 7,005 | 622,324 | |
EVERTEC, Inc. | 7,981 | 265,608 | |
EVO Payments, Inc. Class A (a) | 5,413 | 114,052 | |
ExlService Holdings, Inc. (a) | 4,539 | 343,784 | |
Fastly, Inc. Class A (a) | 9,928 | 630,527 | |
Genpact Ltd. | 23,849 | 819,690 | |
GreenSky, Inc. Class A (a)(b) | 6,466 | 30,584 | |
GTT Communications, Inc. (a)(b) | 3,840 | 14,170 | |
Hackett Group, Inc. | 3,872 | 50,026 | |
i3 Verticals, Inc. Class A (a) | 2,057 | 42,436 | |
International Money Express, Inc. (a) | 3,639 | 50,618 | |
KBR, Inc. | 19,211 | 428,213 | |
Limelight Networks, Inc. (a)(b) | 16,557 | 58,446 | |
Liveramp Holdings, Inc. (a) | 8,815 | 582,583 | |
ManTech International Corp. Class A | 3,605 | 233,892 | |
Maximus, Inc. | 8,308 | 561,455 | |
MongoDB, Inc. Class A (a)(b) | 6,797 | 1,552,911 | |
NIC, Inc. | 9,031 | 202,475 | |
Paysign, Inc. (a)(b) | 4,172 | 19,859 | |
Perficient, Inc. (a) | 4,556 | 178,413 | |
Perspecta, Inc. | 18,406 | 330,020 | |
Repay Holdings Corp. (a) | 8,796 | 198,174 | |
Sabre Corp. | 41,368 | 269,719 | |
Science Applications International Corp. | 7,808 | 596,297 | |
Switch, Inc. Class A | 10,842 | 152,439 | |
Sykes Enterprises, Inc. (a) | 5,350 | 183,184 | |
Ttec Holdings, Inc. | 2,486 | 136,183 | |
Unisys Corp. (a) | 8,310 | 109,193 | |
Verra Mobility Corp. (a) | 18,502 | 177,804 | |
Virtusa Corp. (a) | 3,806 | 191,442 | |
WEX, Inc. (a) | 5,923 | 749,556 | |
12,076,649 | |||
Semiconductors & Semiconductor Equipment - 3.5% | |||
ACM Research, Inc. (a) | 1,312 | 92,325 | |
Advanced Energy Industries, Inc. (a) | 5,115 | 345,109 | |
Alpha & Omega Semiconductor Ltd. (a) | 2,834 | 44,947 | |
Ambarella, Inc. (a) | 4,629 | 253,067 | |
Amkor Technology, Inc. | 14,094 | 167,014 | |
Axcelis Technologies, Inc. (a) | 4,632 | 102,228 | |
Brooks Automation, Inc. | 9,888 | 461,770 | |
Ceva, Inc. (a) | 3,113 | 125,516 | |
Cirrus Logic, Inc. (a) | 7,826 | 538,977 | |
CMC Materials, Inc. | 3,886 | 552,550 | |
Cohu, Inc. | 5,838 | 126,860 | |
Cree, Inc. (a) | 14,759 | 938,672 | |
Diodes, Inc. (a) | 5,596 | 323,617 | |
DSP Group, Inc. (a) | 3,070 | 40,432 | |
Enphase Energy, Inc. (a) | 16,936 | 1,661,252 | |
Entegris, Inc. | 18,148 | 1,356,926 | |
First Solar, Inc. (a) | 11,355 | 988,396 | |
FormFactor, Inc. (a) | 10,307 | 292,203 | |
Ichor Holdings Ltd. (a) | 3,123 | 72,641 | |
Impinj, Inc. (a) | 2,781 | 70,943 | |
Inphi Corp. (a) | 6,966 | 973,568 | |
Kulicke & Soffa Industries, Inc. | 8,227 | 215,054 | |
Lattice Semiconductor Corp. (a) | 18,240 | 636,576 | |
MACOM Technology Solutions Holdings, Inc. (a) | 6,002 | 219,073 | |
Maxeon Solar Technologies Ltd. (a)(b) | 1,561 | 25,288 | |
MaxLinear, Inc. Class A (a) | 8,813 | 233,016 | |
MKS Instruments, Inc. | 7,389 | 800,894 | |
Monolithic Power Systems, Inc. | 5,685 | 1,816,926 | |
NeoPhotonics Corp. (a) | 6,414 | 43,679 | |
NVE Corp. | 673 | 31,045 | |
ON Semiconductor Corp. (a) | 55,303 | 1,387,552 | |
Onto Innovation, Inc. (a) | 6,650 | 213,266 | |
PDF Solutions, Inc. (a) | 3,849 | 72,130 | |
Photronics, Inc. (a) | 8,949 | 87,253 | |
Power Integrations, Inc. | 8,011 | 482,342 | |
Rambus, Inc. (a) | 14,964 | 206,354 | |
Semtech Corp. (a) | 8,781 | 481,989 | |
Silicon Laboratories, Inc. (a) | 5,856 | 600,006 | |
SiTime Corp. | 1,244 | 103,862 | |
SMART Global Holdings, Inc. (a) | 1,974 | 52,094 | |
SolarEdge Technologies, Inc. (a) | 6,739 | 1,736,573 | |
SunPower Corp. (a)(b) | 10,795 | 172,612 | |
Synaptics, Inc. (a) | 4,575 | 350,765 | |
Ultra Clean Holdings, Inc. (a) | 5,521 | 117,542 | |
Universal Display Corp. | 5,768 | 1,143,852 | |
Veeco Instruments, Inc. (a) | 6,680 | 85,036 | |
20,843,792 | |||
Software - 8.9% | |||
2U, Inc. (a)(b) | 9,469 | 348,933 | |
8x8, Inc. (a) | 13,918 | 240,503 | |
A10 Networks, Inc. (a) | 8,389 | 56,542 | |
ACI Worldwide, Inc. (a) | 15,539 | 453,273 | |
Agilysys, Inc. (a) | 2,875 | 77,855 | |
Alarm.com Holdings, Inc. (a) | 5,988 | 349,280 | |
Altair Engineering, Inc. Class A (a) | 5,684 | 244,583 | |
Alteryx, Inc. Class A (a) | 7,195 | 901,893 | |
Anaplan, Inc. (a) | 18,500 | 1,023,975 | |
AppFolio, Inc. (a) | 2,084 | 297,741 | |
Appian Corp. Class A (a)(b) | 5,085 | 321,881 | |
Aspen Technology, Inc. (a) | 9,100 | 999,271 | |
Asure Software, Inc. (a) | 1,436 | 10,153 | |
Avalara, Inc. (a) | 11,218 | 1,672,043 | |
Avaya Holdings Corp. (a) | 10,056 | 172,963 | |
Benefitfocus, Inc. (a) | 3,880 | 39,848 | |
Bill.Com Holdings, Inc. (a) | 7,933 | 793,300 | |
Blackbaud, Inc. | 6,661 | 328,654 | |
BlackLine, Inc. (a) | 6,817 | 665,885 | |
Bottomline Technologies, Inc. (a) | 5,281 | 209,761 | |
Box, Inc. Class A (a) | 18,596 | 288,238 | |
CDK Global, Inc. | 16,286 | 701,927 | |
Cerence, Inc. (a) | 4,900 | 267,442 | |
Ceridian HCM Holding, Inc. (a) | 17,449 | 1,504,453 | |
Cloudera, Inc. (a)(b) | 27,142 | 263,820 | |
CommVault Systems, Inc. (a) | 6,152 | 243,558 | |
Cornerstone OnDemand, Inc. (a) | 8,044 | 305,592 | |
Crowdstrike Holdings, Inc. (a) | 20,333 | 2,518,039 | |
Digimarc Corp. (a)(b) | 1,883 | 59,672 | |
Digital Turbine, Inc. (a) | 9,919 | 284,279 | |
Domo, Inc. Class B (a) | 3,369 | 107,033 | |
Dropbox, Inc. Class A (a) | 39,345 | 718,440 | |
Dynatrace, Inc. (a) | 24,474 | 864,177 | |
Ebix, Inc. (b) | 3,142 | 56,745 | |
Elastic NV (a) | 8,001 | 811,381 | |
Envestnet, Inc. (a) | 7,179 | 550,916 | |
Everbridge, Inc. (a) | 4,634 | 485,133 | |
FireEye, Inc. (a) | 30,197 | 417,926 | |
Five9, Inc. (a) | 8,796 | 1,334,529 | |
HubSpot, Inc. (a) | 5,761 | 1,671,093 | |
Intelligent Systems Corp. (a)(b) | 918 | 34,811 | |
j2 Global, Inc. (a) | 6,014 | 408,230 | |
LivePerson, Inc. (a) | 8,232 | 440,083 | |
Manhattan Associates, Inc. (a) | 8,555 | 731,453 | |
MicroStrategy, Inc. Class A (a) | 1,012 | 169,075 | |
Mitek Systems, Inc. (a) | 5,894 | 73,380 | |
MobileIron, Inc. (a) | 12,903 | 90,837 | |
Model N, Inc. (a) | 3,990 | 140,568 | |
New Relic, Inc. (a) | 6,968 | 422,679 | |
Nuance Communications, Inc. (a) | 38,037 | 1,213,761 | |
Nutanix, Inc. Class A (a) | 24,674 | 600,565 | |
Onespan, Inc. (a) | 4,580 | 100,439 | |
Parametric Technology Corp. (a) | 14,048 | 1,178,346 | |
Pareteum Corp. (a)(b) | 17,343 | 10,803 | |
Paylocity Holding Corp. (a) | 4,995 | 926,672 | |
Pegasystems, Inc. | 5,302 | 614,396 | |
Pluralsight, Inc. (a) | 13,560 | 212,892 | |
Progress Software Corp. | 6,062 | 220,475 | |
Proofpoint, Inc. (a) | 7,711 | 738,251 | |
PROS Holdings, Inc. (a) | 5,226 | 147,216 | |
Q2 Holdings, Inc. (a) | 6,730 | 614,045 | |
QAD, Inc. Class A | 1,580 | 66,107 | |
Qualys, Inc. (a) | 4,537 | 398,575 | |
Rapid7, Inc. (a) | 6,863 | 425,026 | |
RealPage, Inc. (a) | 11,945 | 665,217 | |
SailPoint Technologies Holding, Inc. (a) | 12,223 | 507,377 | |
SecureWorks Corp. (a) | 1,158 | 12,043 | |
ShotSpotter, Inc. (a)(b) | 1,028 | 30,131 | |
Smartsheet, Inc. (a) | 15,006 | 748,049 | |
Smith Micro Software, Inc. (a) | 4,580 | 18,870 | |
SolarWinds, Inc. (a) | 9,594 | 196,005 | |
Sprout Social, Inc. (a) | 3,601 | 157,364 | |
SPS Commerce, Inc. (a) | 4,737 | 405,440 | |
SurveyMonkey (a) | 15,853 | 331,803 | |
Synchronoss Technologies, Inc. (a) | 4,588 | 12,709 | |
TeleNav, Inc. (a) | 4,953 | 20,159 | |
Tenable Holdings, Inc. (a) | 8,896 | 303,443 | |
Teradata Corp. (a)(b) | 14,498 | 266,328 | |
Upland Software, Inc. (a) | 3,233 | 134,881 | |
Varonis Systems, Inc. (a) | 4,213 | 486,896 | |
Verint Systems, Inc. (a) | 8,609 | 417,709 | |
VirnetX Holding Corp. | 8,470 | 46,924 | |
Workiva, Inc. (a) | 5,298 | 293,032 | |
Xperi Holding Corp. | 14,526 | 180,122 | |
Yext, Inc. (a) | 12,416 | 205,857 | |
Zendesk, Inc. (a) | 15,518 | 1,721,567 | |
Zix Corp. (a) | 7,981 | 48,924 | |
Zoom Video Communications, Inc. Class A (a) | 24,456 | 11,271,983 | |
Zscaler, Inc. (a) | 9,650 | 1,309,988 | |
Zuora, Inc. (a) | 13,115 | 126,166 | |
52,560,402 | |||
Technology Hardware, Storage & Peripherals - 0.6% | |||
3D Systems Corp. (a)(b) | 16,116 | 91,700 | |
Avid Technology, Inc. (a) | 5,516 | 51,409 | |
Dell Technologies, Inc. (a) | 31,500 | 1,898,190 | |
Diebold Nixdorf, Inc. (a) | 10,545 | 65,695 | |
Immersion Corp. (a) | 2,018 | 12,431 | |
NCR Corp. (a) | 17,285 | 351,231 | |
Pure Storage, Inc. Class A (a) | 31,988 | 515,007 | |
Xerox Holdings Corp. | 23,947 | 416,199 | |
3,401,862 | |||
TOTAL INFORMATION TECHNOLOGY | 108,935,805 | ||
MATERIALS - 4.9% | |||
Chemicals - 2.4% | |||
Advanced Emissions Solutions, Inc. | 2,220 | 9,879 | |
AdvanSix, Inc. (a) | 3,857 | 58,704 | |
Albemarle Corp. U.S. | 14,249 | 1,328,149 | |
American Vanguard Corp. | 3,647 | 47,119 | |
Amyris, Inc. (a)(b) | 15,410 | 38,525 | |
Ashland Global Holdings, Inc. | 7,314 | 510,298 | |
Axalta Coating Systems Ltd. (a) | 28,139 | 706,570 | |
Balchem Corp. | 4,309 | 430,685 | |
Cabot Corp. | 7,538 | 286,519 | |
CF Industries Holdings, Inc. | 28,835 | 796,134 | |
Chase Corp. | 994 | 94,589 | |
Element Solutions, Inc. (a) | 29,346 | 343,935 | |
Ferro Corp. (a) | 11,460 | 147,376 | |
GCP Applied Technologies, Inc. (a) | 6,228 | 135,833 | |
H.B. Fuller Co. | 6,834 | 309,239 | |
Huntsman Corp. | 26,604 | 646,211 | |
Ingevity Corp. (a) | 5,444 | 298,767 | |
Innospec, Inc. | 3,296 | 217,997 | |
Intrepid Potash, Inc. (a) | 1,134 | 11,317 | |
Koppers Holdings, Inc. (a) | 2,998 | 67,245 | |
Kraton Performance Polymers, Inc. (a) | 4,545 | 128,624 | |
Kronos Worldwide, Inc. | 3,212 | 42,784 | |
Livent Corp. (a) | 19,631 | 211,033 | |
Minerals Technologies, Inc. | 4,537 | 248,129 | |
NewMarket Corp. | 982 | 351,252 | |
Olin Corp. | 19,056 | 315,377 | |
PolyOne Corp. | 12,311 | 382,503 | |
PQ Group Holdings, Inc. (a) | 5,139 | 59,407 | |
Quaker Chemical Corp. | 1,769 | 337,508 | |
Rayonier Advanced Materials, Inc. (a) | 8,251 | 28,301 | |
RPM International, Inc. | 17,460 | 1,478,338 | |
Sensient Technologies Corp. | 5,645 | 369,352 | |
Stepan Co. | 2,840 | 330,690 | |
The Chemours Co. LLC | 22,117 | 445,436 | |
The Mosaic Co. | 46,249 | 855,607 | |
The Scotts Miracle-Gro Co. Class A | 5,457 | 818,823 | |
Tredegar Corp. | 3,534 | 51,526 | |
Trinseo SA | 5,325 | 169,442 | |
Tronox Holdings PLC | 11,557 | 112,912 | |
Valvoline, Inc. | 24,945 | 490,668 | |
Venator Materials PLC (a) | 6,315 | 12,251 | |
W.R. Grace & Co. | 8,367 | 363,881 | |
Westlake Chemical Corp. | 4,627 | 312,878 | |
14,401,813 | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. | 5,602 | 477,571 | |
Forterra, Inc. (a) | 2,622 | 34,217 | |
Summit Materials, Inc. (a) | 15,283 | 270,356 | |
U.S. Concrete, Inc. (a) | 2,253 | 76,512 | |
858,656 | |||
Containers & Packaging - 1.0% | |||
Aptargroup, Inc. | 8,588 | 979,805 | |
Berry Global Group, Inc. (a) | 17,796 | 829,827 | |
Graphic Packaging Holding Co. | 37,681 | 500,780 | |
Greif, Inc. Class A | 3,677 | 149,249 | |
Myers Industries, Inc. | 5,118 | 73,392 | |
O-I Glass, Inc. | 20,738 | 195,559 | |
Packaging Corp. of America | 12,722 | 1,456,542 | |
Sealed Air Corp. | 20,861 | 825,887 | |
Silgan Holdings, Inc. | 10,560 | 363,792 | |
Sonoco Products Co. | 13,358 | 653,073 | |
UFP Technologies, Inc. (a) | 899 | 33,317 | |
6,061,223 | |||
Metals & Mining - 1.1% | |||
Alcoa Corp. (a) | 24,681 | 318,879 | |
Allegheny Technologies, Inc. (a) | 17,491 | 161,092 | |
Carpenter Technology Corp. | 6,698 | 117,081 | |
Century Aluminum Co. (a) | 6,991 | 46,001 | |
Cleveland-Cliffs, Inc. | 53,766 | 445,182 | |
Coeur d'Alene Mines Corp. (a) | 32,388 | 228,983 | |
Commercial Metals Co. | 16,088 | 332,217 | |
Compass Minerals International, Inc. | 4,544 | 274,367 | |
Contura Energy, Inc. (a) | 2,398 | 15,467 | |
Gold Resource Corp. | 10,351 | 28,362 | |
Haynes International, Inc. | 1,678 | 27,200 | |
Hecla Mining Co. | 70,553 | 323,133 | |
Kaiser Aluminum Corp. | 2,199 | 138,383 | |
Materion Corp. | 2,776 | 142,103 | |
McEwen Mining, Inc. (a)(b) | 29,560 | 28,715 | |
Reliance Steel & Aluminum Co. | 8,536 | 930,339 | |
Royal Gold, Inc. | 8,797 | 1,045,172 | |
Ryerson Holding Corp. (a) | 1,835 | 14,441 | |
Schnitzer Steel Industries, Inc. Class A | 3,667 | 77,007 | |
Steel Dynamics, Inc. | 26,824 | 844,420 | |
SunCoke Energy, Inc. | 11,335 | 39,559 | |
TimkenSteel Corp. (a) | 5,123 | 19,826 | |
United States Steel Corp. | 29,184 | 281,917 | |
Warrior Metropolitan Coal, Inc. | 7,073 | 106,095 | |
Worthington Industries, Inc. | 4,812 | 236,799 | |
6,222,740 | |||
Paper & Forest Products - 0.2% | |||
Boise Cascade Co. | 5,272 | 202,339 | |
Clearwater Paper Corp. (a) | 2,318 | 86,114 | |
Domtar Corp. | 7,289 | 174,061 | |
Louisiana-Pacific Corp. | 15,194 | 434,245 | |
Mercer International, Inc. (SBI) | 5,445 | 34,249 | |
Neenah, Inc. | 2,415 | 90,876 | |
P.H. Glatfelter Co. | 6,086 | 86,847 | |
Resolute Forest Products (a) | 12,737 | 58,463 | |
Schweitzer-Mauduit International, Inc. | 4,249 | 141,067 | |
Verso Corp. | 4,820 | 37,500 | |
1,345,761 | |||
TOTAL MATERIALS | 28,890,193 | ||
REAL ESTATE - 6.7% | |||
Equity Real Estate Investment Trusts (REITs) - 6.2% | |||
Acadia Realty Trust (SBI) | 11,269 | 105,140 | |
Agree Realty Corp. | 7,316 | 454,104 | |
Alexander & Baldwin, Inc. | 9,743 | 125,198 | |
Alexanders, Inc. | 307 | 74,659 | |
American Assets Trust, Inc. | 6,698 | 140,189 | |
American Campus Communities, Inc. | 18,507 | 693,272 | |
American Finance Trust, Inc. | 15,362 | 88,562 | |
American Homes 4 Rent Class A | 36,124 | 1,021,225 | |
Americold Realty Trust | 27,542 | 997,847 | |
Apartment Investment & Management Co. Class A | 20,147 | 642,689 | |
Apple Hospitality (REIT), Inc. | 27,935 | 276,557 | |
Armada Hoffler Properties, Inc. | 8,063 | 72,648 | |
Ashford Hospitality Trust, Inc. (b) | 1,028 | 1,326 | |
Bluerock Residential Growth (REIT), Inc. | 2,918 | 25,270 | |
Braemar Hotels & Resorts, Inc. | 3,682 | 8,910 | |
Brandywine Realty Trust (SBI) | 23,346 | 204,511 | |
Brixmor Property Group, Inc. | 39,506 | 432,986 | |
CareTrust (REIT), Inc. | 13,053 | 223,206 | |
CatchMark Timber Trust, Inc. | 6,662 | 57,893 | |
CBL & Associates Properties, Inc. (a)(b) | 21,804 | 3,292 | |
Chatham Lodging Trust | 6,207 | 45,621 | |
City Office REIT, Inc. | 6,726 | 42,508 | |
Colony Capital, Inc. | 64,631 | 230,086 | |
Columbia Property Trust, Inc. | 14,907 | 157,716 | |
Community Healthcare Trust, Inc. | 2,956 | 136,863 | |
CoreCivic, Inc. | 15,615 | 100,092 | |
CorEnergy Infrastructure Trust, Inc. | 1,675 | 7,839 | |
CorePoint Lodging, Inc. | 5,238 | 25,038 | |
CoreSite Realty Corp. | 5,769 | 688,588 | |
Corporate Office Properties Trust (SBI) | 15,297 | 343,112 | |
Cousins Properties, Inc. | 20,155 | 513,549 | |
CubeSmart | 26,232 | 890,052 | |
CyrusOne, Inc. | 15,776 | 1,120,885 | |
DiamondRock Hospitality Co. | 26,104 | 128,954 | |
Diversified Healthcare Trust (SBI) | 33,525 | 97,055 | |
Douglas Emmett, Inc. | 22,479 | 530,504 | |
Easterly Government Properties, Inc. | 10,968 | 229,231 | |
EastGroup Properties, Inc. | 5,335 | 709,982 | |
Empire State Realty Trust, Inc. | 18,595 | 100,041 | |
EPR Properties | 10,013 | 238,710 | |
Equity Commonwealth | 16,557 | 437,436 | |
Essential Properties Realty Trust, Inc. | 13,705 | 226,407 | |
Federal Realty Investment Trust (SBI) | 9,274 | 637,866 | |
First Industrial Realty Trust, Inc. | 17,172 | 683,617 | |
Four Corners Property Trust, Inc. | 9,479 | 240,198 | |
Franklin Street Properties Corp. | 14,714 | 61,799 | |
Front Yard Residential Corp. Class B | 6,718 | 89,954 | |
Gaming & Leisure Properties | 27,923 | 1,015,001 | |
Getty Realty Corp. | 4,905 | 128,903 | |
Gladstone Commercial Corp. | 4,873 | 79,186 | |
Gladstone Land Corp. | 3,212 | 44,550 | |
Global Medical REIT, Inc. | 5,842 | 72,616 | |
Global Net Lease, Inc. | 12,384 | 176,224 | |
Government Properties Income Trust | 6,691 | 123,181 | |
Healthcare Realty Trust, Inc. | 18,475 | 513,605 | |
Healthcare Trust of America, Inc. | 29,558 | 718,259 | |
Hersha Hospitality Trust | 5,108 | 25,029 | |
Highwoods Properties, Inc. (SBI) | 14,089 | 419,430 | |
Hospitality Properties Trust (SBI) | 21,576 | 155,563 | |
Hudson Pacific Properties, Inc. | 20,525 | 395,312 | |
Independence Realty Trust, Inc. | 12,488 | 151,729 | |
Industrial Logistics Properties Trust | 9,129 | 175,094 | |
Investors Real Estate Trust | 1,715 | 115,608 | |
Iron Mountain, Inc. | 38,859 | 1,012,666 | |
iStar Financial, Inc. | 10,311 | 121,670 | |
JBG SMITH Properties | 15,284 | 356,881 | |
Jernigan Capital, Inc. | 2,917 | 50,435 | |
Kilroy Realty Corp. | 14,253 | 671,031 | |
Kimco Realty Corp. | 58,439 | 599,584 | |
Kite Realty Group Trust | 11,000 | 113,960 | |
Lamar Advertising Co. Class A | 11,594 | 718,364 | |
Lexington Corporate Properties Trust | 37,466 | 372,037 | |
Life Storage, Inc. | 6,338 | 723,483 | |
LTC Properties, Inc. | 5,470 | 180,565 | |
Mack-Cali Realty Corp. | 11,752 | 129,154 | |
Monmouth Real Estate Investment Corp. Class A | 13,636 | 188,859 | |
National Health Investors, Inc. | 6,097 | 341,737 | |
National Retail Properties, Inc. | 23,499 | 752,203 | |
National Storage Affiliates Trust | 8,346 | 282,846 | |
New Senior Investment Group, Inc. | 11,323 | 44,273 | |
NexPoint Residential Trust, Inc. | 3,026 | 134,112 | |
Omega Healthcare Investors, Inc. | 30,485 | 878,273 | |
Outfront Media, Inc. | 19,260 | 252,499 | |
Paramount Group, Inc. | 21,979 | 127,039 | |
Park Hotels & Resorts, Inc. | 31,338 | 311,186 | |
Pebblebrook Hotel Trust | 17,691 | 211,938 | |
Pennsylvania Real Estate Investment Trust (SBI) (b) | 8,201 | 4,092 | |
Physicians Realty Trust | 28,411 | 479,009 | |
Piedmont Office Realty Trust, Inc. Class A | 16,768 | 191,491 | |
Plymouth Industrial REIT, Inc. | 3,083 | 39,185 | |
Potlatch Corp. | 9,005 | 374,158 | |
Preferred Apartment Communities, Inc. Class A | 6,612 | 35,705 | |
PS Business Parks, Inc. | 2,752 | 313,811 | |
QTS Realty Trust, Inc. Class A | 8,346 | 513,362 | |
Ramco-Gershenson Properties Trust (SBI) | 11,153 | 54,538 | |
Rayonier, Inc. | 18,341 | 465,495 | |
Retail Opportunity Investments Corp. | 15,513 | 150,941 | |
Retail Properties America, Inc. | 28,057 | 147,019 | |
Retail Value, Inc. | 2,044 | 25,550 | |
Rexford Industrial Realty, Inc. | 16,684 | 775,139 | |
RLJ Lodging Trust | 22,335 | 182,700 | |
Ryman Hospitality Properties, Inc. | 7,404 | 295,049 | |
Sabra Health Care REIT, Inc. | 27,909 | 367,282 | |
Safety Income and Growth, Inc. | 1,892 | 130,207 | |
Saul Centers, Inc. | 1,661 | 41,110 | |
Seritage Growth Properties (a)(b) | 4,805 | 61,168 | |
SITE Centers Corp. | 20,836 | 141,893 | |
SL Green Realty Corp. | 9,933 | 425,232 | |
Spirit Realty Capital, Inc. | 13,952 | 419,258 | |
Stag Industrial, Inc. | 20,240 | 629,869 | |
Store Capital Corp. | 30,708 | 789,196 | |
Summit Hotel Properties, Inc. | 14,990 | 79,147 | |
Sunstone Hotel Investors, Inc. | 29,315 | 217,517 | |
Tanger Factory Outlet Centers, Inc. (b) | 12,662 | 78,378 | |
Taubman Centers, Inc. | 8,229 | 275,013 | |
Terreno Realty Corp. | 9,239 | 519,971 | |
The GEO Group, Inc. (b) | 16,739 | 148,308 | |
The Macerich Co. (b) | 14,722 | 102,465 | |
UMH Properties, Inc. | 5,346 | 72,866 | |
Uniti Group, Inc. | 25,975 | 229,100 | |
Universal Health Realty Income Trust (SBI) | 1,787 | 95,551 | |
Urban Edge Properties | 14,340 | 134,796 | |
Urstadt Biddle Properties, Inc. Class A | 4,072 | 38,725 | |
Washington Prime Group, Inc. (b) | 25,491 | 14,925 | |
Washington REIT (SBI) | 11,235 | 196,388 | |
Weingarten Realty Investors (SBI) | 16,392 | 259,977 | |
Whitestone REIT Class B | 6,072 | 36,189 | |
Xenia Hotels & Resorts, Inc. | 14,902 | 122,792 | |
36,921,839 | |||
Real Estate Management & Development - 0.5% | |||
Altisource Portfolio Solutions SA (a) | 1,305 | 14,525 | |
CTO Realty Growth, Inc. | 630 | 27,802 | |
eXp World Holdings, Inc. (a) | 3,702 | 156,928 | |
Forestar Group, Inc. (a) | 2,325 | 38,688 | |
Howard Hughes Corp. (a) | 5,996 | 372,891 | |
Jones Lang LaSalle, Inc. | 6,925 | 781,556 | |
Kennedy-Wilson Holdings, Inc. | 16,793 | 221,332 | |
Marcus & Millichap, Inc. (a) | 3,368 | 105,183 | |
Newmark Group, Inc. | 21,478 | 101,698 | |
RE/MAX Holdings, Inc. | 2,587 | 83,664 | |
Realogy Holdings Corp. (a) | 15,171 | 169,308 | |
Redfin Corp. (a) | 13,361 | 558,089 | |
The RMR Group, Inc. | 2,183 | 58,199 | |
The St. Joe Co. (b) | 4,376 | 118,327 | |
2,808,190 | |||
TOTAL REAL ESTATE | 39,730,029 | ||
UTILITIES - 2.2% | |||
Electric Utilities - 0.9% | |||
Allete, Inc. | 6,909 | 356,366 | |
Avangrid, Inc. | 7,484 | 369,261 | |
Hawaiian Electric Industries, Inc. | 14,546 | 480,600 | |
IDACORP, Inc. | 6,750 | 592,178 | |
MGE Energy, Inc. | 4,794 | 311,706 | |
NRG Energy, Inc. | 32,740 | 1,035,239 | |
OGE Energy Corp. | 26,713 | 821,959 | |
Otter Tail Corp. | 5,609 | 215,105 | |
PNM Resources, Inc. | 10,695 | 534,750 | |
Portland General Electric Co. | 11,980 | 470,814 | |
5,187,978 | |||
Gas Utilities - 0.6% | |||
Chesapeake Utilities Corp. | 2,239 | 217,653 | |
National Fuel Gas Co. | 12,211 | 487,952 | |
New Jersey Resources Corp. | 12,771 | 372,658 | |
Northwest Natural Holding Co. | 4,061 | 180,471 | |
ONE Gas, Inc. | 7,047 | 486,525 | |
South Jersey Industries, Inc. | 13,337�� | 257,004 | |
Southwest Gas Holdings, Inc. | 7,457 | 490,074 | |
Spire, Inc. | 6,840 | 383,314 | |
UGI Corp. | 27,800 | 899,052 | |
3,774,703 | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
Clearway Energy, Inc.: | |||
Class A | 3,441 | 90,189 | |
Class C | 10,937 | 307,986 | |
Ormat Technologies, Inc. | 5,336 | 378,162 | |
Sunnova Energy International, Inc. (a) | 6,242 | 150,183 | |
926,520 | |||
Multi-Utilities - 0.3% | |||
Avista Corp. | 9,043 | 300,408 | |
Black Hills Corp. | 8,352 | 473,224 | |
MDU Resources Group, Inc. | 26,881 | 638,693 | |
NorthWestern Energy Corp. | 6,742 | 351,460 | |
Unitil Corp. | 2,120 | 73,246 | |
1,837,031 | |||
Water Utilities - 0.2% | |||
American States Water Co. | 4,996 | 373,151 | |
Cadiz, Inc. (a)(b) | 4,752 | 45,382 | |
California Water Service Group | 6,709 | 299,020 | |
Middlesex Water Co. | 2,430 | 155,860 | |
SJW Corp. | 3,578 | 217,149 | |
York Water Co. | 1,922 | 81,205 | |
1,171,767 | |||
TOTAL UTILITIES | 12,897,999 | ||
TOTAL COMMON STOCKS | |||
(Cost $595,321,307) | 587,810,688 | ||
Money Market Funds - 5.2% | |||
Fidelity Cash Central Fund 0.10% (e) | 3,250,876 | 3,251,526 | |
Fidelity Securities Lending Cash Central Fund 0.11% (e)(f) | 27,786,452 | 27,789,230 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $31,040,756) | 31,040,756 | ||
TOTAL INVESTMENT IN SECURITIES - 104.6% | |||
(Cost $626,362,063) | 618,851,444 | ||
NET OTHER ASSETS (LIABILITIES) - (4.6)% | (27,308,457) | ||
NET ASSETS - 100% | $591,542,987 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini Russell 2000 Index Contracts (United States) | 19 | Dec. 2020 | $1,459,960 | $21,345 | $21,345 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 8 | Dec. 2020 | 1,516,480 | 1,722 | 1,722 |
TOTAL FUTURES CONTRACTS | $23,067 |
The notional amount of futures purchased as a percentage of Net Assets is 0.5%
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Level 3 security
(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $230,233 or 0.0% of net assets.
(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $16,929 |
Fidelity Securities Lending Cash Central Fund | 349,225 |
Total | $366,154 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 2020, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $25,666,489 | $25,644,411 | $-- | $22,078 |
Consumer Discretionary | 80,643,747 | 80,643,747 | -- | -- |
Consumer Staples | 21,348,574 | 21,348,574 | -- | -- |
Energy | 10,266,267 | 10,266,267 | -- | -- |
Financials | 72,808,354 | 72,808,354 | -- | -- |
Health Care | 99,112,106 | 99,112,106 | -- | -- |
Industrials | 87,511,125 | 87,511,125 | -- | -- |
Information Technology | 108,935,805 | 108,935,805 | -- | -- |
Materials | 28,890,193 | 28,890,193 | -- | -- |
Real Estate | 39,730,029 | 39,730,029 | -- | -- |
Utilities | 12,897,999 | 12,897,999 | -- | -- |
Money Market Funds | 31,040,756 | 31,040,756 | -- | -- |
Total Investments in Securities: | $618,851,444 | $618,829,366 | $-- | $22,078 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $23,067 | $23,067 | $-- | $-- |
Total Assets | $23,067 | $23,067 | $-- | $-- |
Total Derivative Instruments: | $23,067 | $23,067 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2020. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.
Primary Risk Exposure / Derivative Type | Value | |
Asset | Liability | |
Equity Risk | ||
Futures Contracts(a) | $23,067 | $0 |
Total Equity Risk | 23,067 | 0 |
Total Value of Derivatives | $23,067 | $0 |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ Extended Market Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2020 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $25,757,597) — See accompanying schedule: Unaffiliated issuers (cost $595,321,307) | $587,810,688 | |
Fidelity Central Funds (cost $31,040,756) | 31,040,756 | |
Total Investment in Securities (cost $626,362,063) | $618,851,444 | |
Segregated cash with brokers for derivative instruments | 179,001 | |
Cash | 388,119 | |
Foreign currency held at value (cost $13,497) | 13,493 | |
Receivable for fund shares sold | 1,453,496 | |
Dividends receivable | 197,797 | |
Distributions receivable from Fidelity Central Funds | 33,553 | |
Total assets | 621,116,903 | |
Liabilities | ||
Payable for investments purchased | $1,388,635 | |
Payable for fund shares redeemed | 371,374 | |
Payable for daily variation margin on futures contracts | 24,176 | |
Other payables and accrued expenses | 13 | |
Collateral on securities loaned | 27,789,718 | |
Total liabilities | 29,573,916 | |
Net Assets | $591,542,987 | |
Net Assets consist of: | ||
Paid in capital | $590,014,983 | |
Total accumulated earnings (loss) | 1,528,004 | |
Net Assets | $591,542,987 | |
Net Asset Value, offering price and redemption price per share ($591,542,987 ÷ 62,376,238 shares) | $9.48 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2020 | ||
Investment Income | ||
Dividends | $7,702,210 | |
Income from Fidelity Central Funds (including $349,225 from security lending) | 366,154 | |
Total income | 8,068,364 | |
Expenses | ||
Independent trustees' fees and expenses | $2,853 | |
Total expenses before reductions | 2,853 | |
Expense reductions | (714) | |
Total expenses after reductions | 2,139 | |
Net investment income (loss) | 8,066,225 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 9,012,936 | |
Fidelity Central Funds | (593) | |
Foreign currency transactions | 103 | |
Futures contracts | (108,232) | |
Total net realized gain (loss) | 8,904,214 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | (19,969,623) | |
Assets and liabilities in foreign currencies | (166) | |
Futures contracts | 3,953 | |
Total change in net unrealized appreciation (depreciation) | (19,965,836) | |
Net gain (loss) | (11,061,622) | |
Net increase (decrease) in net assets resulting from operations | $(2,995,397) |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2020 | Year ended October 31, 2019 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $8,066,225 | $5,020,085 |
Net realized gain (loss) | 8,904,214 | 2,982,878 |
Change in net unrealized appreciation (depreciation) | (19,965,836) | 16,766,366 |
Net increase (decrease) in net assets resulting from operations | (2,995,397) | 24,769,329 |
Distributions to shareholders | (9,015,399) | (570,035) |
Share transactions | ||
Proceeds from sales of shares | 357,798,175 | 450,708,957 |
Reinvestment of distributions | 8,606,523 | 551,118 |
Cost of shares redeemed | (214,889,672) | (92,009,962) |
Net increase (decrease) in net assets resulting from share transactions | 151,515,026 | 359,250,113 |
Total increase (decrease) in net assets | 139,504,230 | 383,449,407 |
Net Assets | ||
Beginning of period | 452,038,757 | 68,589,350 |
End of period | $591,542,987 | $452,038,757 |
Other Information | ||
Shares | ||
Sold | 39,795,943 | 48,999,818 |
Issued in reinvestment of distributions | 868,467 | 65,230 |
Redeemed | (25,092,353) | (9,894,249) |
Net increase (decrease) | 15,572,057 | 39,170,799 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO Extended Market Index Fund
Years ended October 31, | 2020 | 2019 | 2018 A |
Selected Per–Share Data | |||
Net asset value, beginning of period | $9.66 | $8.99 | $10.00 |
Income from Investment Operations | |||
Net investment income (loss)B | .14 | .15 | .02 |
Net realized and unrealized gain (loss) | (.14) | .56 | (1.03) |
Total from investment operations | – | .71 | (1.01) |
Distributions from net investment income | (.13) | (.04) | – |
Distributions from net realized gain | (.06) | – | – |
Total distributions | (.18)C | (.04) | – |
Net asset value, end of period | $9.48 | $9.66 | $8.99 |
Total ReturnD,E | (.06)% | 7.97% | (10.10)% |
Ratios to Average Net AssetsF,G | |||
Expenses before reductionsH | -% | -% | - %I |
Expenses net of fee waivers, if anyH | -% | -% | - %I |
Expenses net of all reductionsH | -% | -% | - %I |
Net investment income (loss) | 1.55% | 1.64% | 1.31%I |
Supplemental Data | |||
Net assets, end of period (000 omitted) | $591,543 | $452,039 | $68,589 |
Portfolio turnover rateJ | 26% | 14% | - %K,L |
A For the period September 13, 2018 (commencement of operations) to October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Total returns for periods of less than one year are not annualized.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount represents less than .005%.
I Annualized
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
K Amount represents less than 1%.
L Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ International Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2020 | Past 1 year | Life of fundA |
Fidelity ZERO℠ International Index Fund | (2.34)% | (0.14)% |
A From August 2, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO℠ International Index Fund on August 2, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity Global ex U.S. Index℠ performed over the same period.
Period Ending Values | ||
$9,967 | Fidelity ZERO℠ International Index Fund | |
$10,034 | Fidelity Global ex U.S. Index℠ |
Fidelity ZERO℠ International Index Fund
Management's Discussion of Fund Performance
Market Recap: The MSCI ACWI (All Country World Index) ex USA Index returned -2.46% for the 12 months ending October 31, 2020, in what was a bumpy ride for non-U.S. equities, marked by a steep but brief decline due to the early-2020 outbreak and spread of the coronavirus, followed by a sharp upturn. Declared a pandemic on March 11, the crisis and containment efforts caused broad contraction in economic activity, elevated volatility and dislocation in financial markets. A historically rapid and expansive monetary- and fiscal-policy response around the world provided a partial offset to the economic disruption. Other supporting factors included resilient corporate earnings and near-term potential for a COVID-19 vaccine breakthrough. This was evident in the index’s 12.28% gain in the final six months of the year. Currency fluctuation generally boosted foreign developed-markets equities for the year, while the reverse was true for emerging-markets stocks. Late in the period, the index was pressured by a second wave of COVID-19 cases in some regions, and stretched valuations and crowded positioning in big tech. For the full year, the U.K. (-22%), Asia Pacific ex Japan (-8%), Canada (-5%) and Europe ex U.K. (-4%) notably lagged. Emerging markets (+9%) and Japan (+1%) outperformed. By sector, energy (-38%), financials and real estate (-20% each) lagged, whereas information technology (+ 25%) and communication services (+15%) topped the index.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2020, the fund returned -2.34%, compared with a return of -2.48% for the benchmark Fidelity Global ex-US Index. (The fund's relative performance can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index, as well as by local tax laws or regulations, which vary by country.) Individually, several stocks in the energy sector – by far the weakest performer of the 12 months – were notable detractors, as oil-price weakness and sluggish demand amid the pandemic hampered U.K.-based Royal Dutch Shell, which returned roughly -55%, and BP (-57%), as well as France's Total (-39%). Another individual detractor was British multinational investment bank HSBC Holdings (-45%). The firm suspended its dividend in late March, partly as lower interest rates made lending less profitable. Weak profits along with heightened concern about bad debts at the company also weighed on HSBC's share price. Elsewhere, slumping demand for air travel weighed on the shares of Dutch aircraft manufacturer Airbus (-49%). On the positive side, Chinese entertainment conglomerate Tencent Holding (+87%) generated strong earnings and revenue growth. Chinese e-commerce and cloud-computing company Alibaba Group (+72%) was another top contributor, driven by favorable quarterly financial results announced in mid-August. Another contributor was Taiwan Semiconductor, whose shares rose 58%, aided by strong customer demand for chip manufacturing services among global technology companies. Also adding value was Chinese shopping platform Meituan (+212%), which benefited from strong demand amid consumers' transition to working and shopping from home.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO℠ International Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2020
% of fund's net assets | |
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet & Direct Marketing Retail) | 2.5 |
Tencent Holdings Ltd. (Cayman Islands, Interactive Media & Services) | 2.0 |
Nestle SA (Reg. S) (Switzerland, Food Products) | 1.4 |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.3 |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 1.2 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.0 |
Novartis AG (Switzerland, Pharmaceuticals) | 0.9 |
Toyota Motor Corp. (Japan, Automobiles) | 0.8 |
Meituan Class B (Cayman Islands, Internet & Direct Marketing Retail) | 0.7 |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 0.7 |
12.5 |
Top Market Sectors as of October 31, 2020
% of fund's net assets | |
Financials | 18.5 |
Consumer Discretionary | 13.9 |
Industrials | 11.7 |
Information Technology | 11.4 |
Health Care | 9.2 |
Consumer Staples | 8.3 |
Communication Services | 8.1 |
Materials | 7.3 |
Energy | 3.6 |
Utilities | 3.0 |
Geographic Diversification (% of fund's net assets)
As of October 31, 2020 | ||
Japan | 18.1% | |
Cayman Islands | 8.6% | |
United Kingdom | 7.9% | |
Canada | 6.7% | |
Switzerland | 5.8% | |
France | 5.4% | |
Germany | 5.0% | |
Australia | 4.4% | |
Korea (South) | 3.8% | |
Other* | 34.3% |
* Includes Short-Term investments and Net Other Assets (Liabilities).
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.
Asset Allocation as of October 31, 2020
% of fund's net assets | |
Stocks and Equity Futures | 100.0 |
Fidelity ZERO℠ International Index Fund
Schedule of Investments October 31, 2020
Showing Percentage of Net Assets
Common Stocks - 96.6% | |||
Shares | Value | ||
Australia - 4.4% | |||
Afterpay Ltd. (a) | 16,762 | $1,141,309 | |
AGL Energy Ltd. | 44,677 | 391,573 | |
ALS Ltd. | 36,673 | 242,674 | |
Altium Ltd. | 9,349 | 245,385 | |
Alumina Ltd. | 180,783 | 182,603 | |
AMP Ltd. | 241,929 | 260,338 | |
Ampol Ltd. | 18,726 | 341,452 | |
Ansell Ltd. | 8,963 | 253,447 | |
APA Group unit | 87,645 | 646,149 | |
Aristocrat Leisure Ltd. | 47,802 | 962,576 | |
ASX Ltd. | 14,439 | 808,507 | |
Atlas Arteria Ltd. unit | 76,340 | 302,388 | |
Aurizon Holdings Ltd. | 146,925 | 389,595 | |
Australia & New Zealand Banking Group Ltd. | 207,688 | 2,756,151 | |
Bank of Queensland Ltd. | 36,188 | 163,261 | |
Beach Energy Ltd. | 101,025 | 83,772 | |
Bendigo & Adelaide Bank Ltd. | 36,655 | 172,434 | |
BHP Billiton Ltd. | 215,478 | 5,165,357 | |
BlueScope Steel Ltd. | 35,271 | 364,303 | |
Boral Ltd. | 80,351 | 257,308 | |
Brambles Ltd. | 107,322 | 723,814 | |
Carsales.com Ltd. | 18,326 | 267,739 | |
Challenger Ltd. | 40,605 | 137,265 | |
Charter Hall Group unit | 33,357 | 289,223 | |
Coca-Cola Amatil Ltd. | 33,535 | 293,157 | |
Cochlear Ltd. | 4,853 | 724,336 | |
Coles Group Ltd. | 96,028 | 1,199,608 | |
Commonwealth Bank of Australia | 129,214 | 6,273,540 | |
Computershare Ltd. | 37,719 | 322,343 | |
Crown Ltd. | 24,018 | 139,830 | |
CSL Ltd. | 33,203 | 6,722,191 | |
Deterra Royalties Ltd. (a) | 35,602 | 98,839 | |
DEXUS Property Group unit | 77,646 | 469,762 | |
Dominos Pizza Enterprises Ltd. | 4,292 | 255,639 | |
Downer EDI Ltd. | 50,549 | 156,293 | |
Evolution Mining Ltd. | 122,730 | 481,155 | |
Fortescue Metals Group Ltd. | 121,147 | 1,482,050 | |
Goodman Group unit | 120,734 | 1,562,678 | |
Iluka Resources Ltd. | 35,602 | 129,011 | |
Incitec Pivot Ltd. | 154,111 | 207,931 | |
Insurance Australia Group Ltd. | 167,117 | 560,965 | |
JB Hi-Fi Ltd. | 8,872 | 296,462 | |
Lendlease Group unit | 52,203 | 439,139 | |
Link Administration Holdings Ltd. | 36,627 | 123,158 | |
Macquarie Group Ltd. | 24,816 | 2,212,594 | |
Magellan Financial Group Ltd. | 10,557 | 409,174 | |
Medibank Private Ltd. | 198,496 | 372,611 | |
Mirvac Group unit | 279,118 | 413,924 | |
National Australia Bank Ltd. | 240,930 | 3,152,083 | |
Newcrest Mining Ltd. | 59,883 | 1,241,823 | |
Northern Star Resources Ltd. | 52,773 | 557,489 | |
Orica Ltd. | 28,191 | 302,624 | |
Origin Energy Ltd. | 131,983 | 371,269 | |
Orora Ltd. | 76,104 | 137,925 | |
Qantas Airways Ltd. | 143,346 | 421,715 | |
QBE Insurance Group Ltd. | 105,288 | 608,847 | |
Qube Holdings Ltd. | 131,151 | 244,118 | |
Ramsay Health Care Ltd. | 13,677 | 599,248 | |
realestate.com.au Ltd. | 3,599 | 299,300 | |
Reliance Worldwide Corp. Ltd. | 51,903 | 149,830 | |
Rio Tinto Ltd. | 27,209 | 1,770,051 | |
Santos Ltd. | 133,480 | 443,739 | |
Saracen Mineral Holdings Ltd. (a) | 81,700 | 326,508 | |
Scentre Group unit | 393,123 | 580,139 | |
SEEK Ltd. | 27,850 | 421,075 | |
Sonic Healthcare Ltd. | 34,453 | 843,859 | |
South32 Ltd. | 356,775 | 509,112 | |
Spark Infrastructure Group unit | 118,959 | 166,004 | |
Steadfast Group Ltd. | 58,220 | 145,971 | |
Stockland Corp. Ltd. unit | 183,791 | 496,986 | |
Suncorp Group Ltd. | 97,149 | 561,064 | |
Sydney Airport unit | 201,102 | 771,042 | |
Tabcorp Holdings Ltd. | 156,593 | 361,828 | |
Telstra Corp. Ltd. | 873,976 | 1,645,861 | |
The GPT Group unit | 139,809 | 395,974 | |
The Star Entertainment Group Ltd. | 71,689 | 165,207 | |
Transpacific Industries Group Ltd. | 139,748 | 201,464 | |
Transurban Group unit | 198,200 | 1,876,891 | |
Treasury Wine Estates Ltd. | 50,281 | 324,154 | |
Vicinity Centres unit | 262,047 | 222,690 | |
Wesfarmers Ltd. | 82,524 | 2,671,271 | |
Westpac Banking Corp. | 264,502 | 3,347,766 | |
WiseTech Global Ltd. | 10,718 | 218,599 | |
Woodside Petroleum Ltd. | 70,944 | 875,041 | |
Woolworths Group Ltd. | 92,051 | 2,476,200 | |
WorleyParsons Ltd. | 21,373 | 142,477 | |
TOTAL AUSTRALIA | 71,942,257 | ||
Austria - 0.2% | |||
ams AG (a) | 20,350 | 436,095 | |
Andritz AG | 5,596 | 188,483 | |
BAWAG Group AG (b) | 4,745 | 173,525 | |
BUWOG AG rights (a)(c) | 1,060 | 0 | |
CA Immobilien Anlagen AG | 4,941 | 135,519 | |
Erste Group Bank AG | 21,177 | 433,589 | |
IMMOFINANZ Immobilien Anlagen AG (a) | 6,434 | 86,174 | |
OMV AG | 11,349 | 260,387 | |
Raiffeisen International Bank-Holding AG | 9,546 | 137,193 | |
S IMMO AG | 4,118 | 60,814 | |
S&T AG (a) | 3,828 | 69,415 | |
UNIQA Insurance Group AG | 8,336 | 46,892 | |
Verbund AG | 5,088 | 292,613 | |
Voestalpine AG | 8,218 | 228,271 | |
Wienerberger AG | 7,936 | 200,196 | |
TOTAL AUSTRIA | 2,749,166 | ||
Bailiwick of Jersey - 0.4% | |||
Experian PLC | 67,334 | 2,466,707 | |
Ferguson PLC | 16,938 | 1,682,299 | |
Glencore Xstrata PLC | 803,429 | 1,620,707 | |
IWG PLC | 59,269 | 194,568 | |
Polymetal International PLC | 20,457 | 434,501 | |
WPP PLC | 89,788 | 717,163 | |
TOTAL BAILIWICK OF JERSEY | 7,115,945 | ||
Belgium - 0.6% | |||
Ackermans & Van Haaren SA | 1,697 | 208,709 | |
Aedifica SA | 3,022 | 304,091 | |
Ageas | 13,641 | 548,896 | |
Anheuser-Busch InBev SA NV | 61,899 | 3,201,800 | |
Barco NV | 4,788 | 75,030 | |
Cofinimmo SA | 2,273 | 308,669 | |
Elia System Operator SA/NV | 2,453 | 237,407 | |
Galapagos Genomics NV (a) | 3,478 | 406,534 | |
Groupe Bruxelles Lambert SA | 8,555 | 700,240 | |
KBC Groep NV | 24,641 | 1,214,792 | |
Proximus | 10,288 | 200,038 | |
Sofina SA | 1,129 | 293,220 | |
Solvay SA Class A | 5,430 | 440,786 | |
UCB SA | 9,273 | 914,743 | |
Umicore SA | 14,579 | 561,000 | |
Warehouses de Pauw | 8,905 | 297,861 | |
TOTAL BELGIUM | 9,913,816 | ||
Bermuda - 0.3% | |||
Alibaba Health Information Technology Ltd. (a) | 298,000 | 778,394 | |
Beijing Enterprises Water Group Ltd. | 382,000 | 144,867 | |
Brilliance China Automotive Holdings Ltd. | 196,000 | 169,138 | |
Cheung Kong Infrastructure Holdings Ltd. | 45,500 | 214,221 | |
China Gas Holdings Ltd. | 146,200 | 447,888 | |
China Resource Gas Group Ltd. | 60,000 | 260,045 | |
Cosan Ltd. Class A | 7,256 | 99,625 | |
Credicorp Ltd. (United States) | 4,796 | 550,005 | |
Haier Electronics Group Co. Ltd. | 81,000 | 307,178 | |
Hiscox Ltd. (a) | 26,022 | 277,918 | |
Hongkong Land Holdings Ltd. | 82,339 | 302,279 | |
Jardine Matheson Holdings Ltd. | 19,161 | 849,324 | |
Jardine Strategic Holdings Ltd. | 13,292 | 287,801 | |
Kunlun Energy Co. Ltd. | 312,000 | 201,225 | |
Shenzhen International Holdings Ltd. | 37 | 57 | |
TOTAL BERMUDA | 4,889,965 | ||
Brazil - 1.0% | |||
Ambev SA | 323,700 | 687,121 | |
Atacadao SA | 23,100 | 74,277 | |
B2W Companhia Global do Varejo (a) | 15,368 | 201,516 | |
Banco Bradesco SA | 99,030 | 313,592 | |
Banco do Brasil SA | 111,900 | 581,152 | |
Banco Inter SA unit | 12,320 | 109,138 | |
BB Seguridade Participacoes SA | 44,600 | 184,060 | |
BM&F BOVESPA SA | 154,100 | 1,371,013 | |
BR Malls Participacoes SA (a) | 62,900 | 89,451 | |
Brasil Foods SA (a) | 47,500 | 138,909 | |
BTG Pactual Participations Ltd. unit | 16,000 | 202,163 | |
CCR SA | 77,600 | 150,928 | |
Centrais Eletricas Brasileiras SA (Electrobras) | 23,251 | 125,860 | |
Cielo SA | 69,900 | 41,054 | |
Companhia Brasileira de Distribuicao Grupo Pao de Acucar | 10,100 | 109,045 | |
Companhia de Locacao das Americas | 21,600 | 94,637 | |
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) | 28,300 | 209,613 | |
Companhia Siderurgica Nacional SA (CSN) | 49,400 | 176,836 | |
Compania de Saneamento do Parana unit | 17,100 | 70,600 | |
Cosan SA Industria e Comercio | 10,400 | 117,794 | |
CPFL Energia SA | 11,100 | 53,914 | |
Cyrela Brazil Realty SA | 18,400 | 73,081 | |
Drogasil SA | 94,500 | 396,251 | |
Embraer SA (a) | 42,400 | 44,558 | |
Energisa SA unit | 15,600 | 114,106 | |
ENGIE Brasil Energia SA | 15,850 | 110,189 | |
Equatorial Energia SA | 68,500 | 237,926 | |
Estacio Participacoes SA | 17,700 | 70,702 | |
Hapvida Participacoes e Investimentos SA (b) | 14,000 | 157,056 | |
Hypermarcas SA | 27,600 | 134,201 | |
IRB Brasil Resseguros SA | 54,599 | 58,425 | |
JBS SA | 74,200 | 251,517 | |
Klabin SA unit | 47,700 | 197,352 | |
Kroton Educacional SA | 124,700 | 93,232 | |
Localiza Rent A Car SA | 43,830 | 463,511 | |
Lojas Renner SA | 57,900 | 377,897 | |
Magazine Luiza SA | 197,580 | 848,107 | |
MPX Mineracao e Energia SA (a) | 16,500 | 151,256 | |
Multiplan Empreendimentos Imobiliarios SA | 19,900 | 65,791 | |
Natura & Co. Holding SA | 59,788 | 480,350 | |
Neoenergia SA | 20,400 | 61,826 | |
Notre Dame Intermedica Participacoes SA | 34,900 | 399,912 | |
Petrobras Distribuidora SA | 46,700 | 156,102 | |
Petroleo Brasileiro SA - Petrobras (ON) | 294,600 | 975,505 | |
Qualicorp Consultoria E Corret | 16,100 | 89,311 | |
Rumo SA (a) | 100,700 | 321,864 | |
Sonae Sierra Brasil SA (a) | 9,500 | 38,096 | |
Sul America SA unit | 18,200 | 126,843 | |
Suzano Papel e Celulose SA (a) | 50,453 | 440,083 | |
Terna Participacoes SA unit | 21,800 | 106,949 | |
TIM SA | 52,000 | 107,390 | |
Totvs SA | 39,300 | 184,927 | |
Ultrapar Participacoes SA | 62,800 | 179,274 | |
Vale SA | 252,400 | 2,663,463 | |
Via Varejo SA (a) | 101,586 | 303,805 | |
Weg SA | 52,200 | 689,850 | |
TOTAL BRAZIL | 16,273,381 | ||
Canada - 6.5% | |||
Agnico Eagle Mines Ltd. (Canada) | 17,883 | 1,415,687 | |
Air Canada (a) | 20,185 | 223,167 | |
Alamos Gold, Inc. | 28,263 | 258,171 | |
Algonquin Power & Utilities Corp. | 44,984 | 682,036 | |
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) | 63,019 | 1,940,756 | |
Allied Properties (REIT) | 8,336 | 202,159 | |
AltaGas Ltd. | 21,781 | 276,125 | |
ATCO Ltd. Class I (non-vtg.) | 4,923 | 137,052 | |
B2Gold Corp. | 74,179 | 477,155 | |
Bank of Montreal | 47,081 | 2,803,374 | |
Bank of Nova Scotia | 88,584 | 3,680,195 | |
Barrick Gold Corp. (Canada) | 130,336 | 3,484,627 | |
Bausch Health Cos., Inc. (Canada) (a) | 22,298 | 367,366 | |
BCE, Inc. | 66,304 | 2,664,502 | |
BlackBerry Ltd. (a) | 40,487 | 181,725 | |
Boyd Group Services, Inc. | 1,552 | 222,625 | |
Brookfield Asset Management, Inc. (Canada) Class A | 102,633 | 3,049,794 | |
CAE, Inc. | 18,628 | 318,366 | |
Cameco Corp. | 27,519 | 261,496 | |
Canadian Apartment Properties (REIT) unit | 12,344 | 396,828 | |
Canadian Imperial Bank of Commerce | 32,532 | 2,426,653 | |
Canadian National Railway Co. | 51,870 | 5,152,739 | |
Canadian Natural Resources Ltd. | 87,045 | 1,385,089 | |
Canadian Pacific Railway Ltd. | 9,872 | 2,950,115 | |
Canadian Tire Ltd. Class A (non-vtg.) | 4,475 | 499,730 | |
Canadian Utilities Ltd. Class A (non-vtg.) | 8,668 | 202,598 | |
Capital Power Corp. | 7,325 | 161,422 | |
CCL Industries, Inc. Class B | 10,968 | 418,205 | |
Cenovus Energy, Inc. (Canada) | 74,053 | 242,341 | |
CGI Group, Inc. Class A (sub. vtg.) (a) | 17,092 | 1,060,569 | |
CI Financial Corp. | 13,904 | 162,072 | |
Constellation Software, Inc. | 1,463 | 1,535,793 | |
Descartes Systems Group, Inc. (Canada) (a) | 6,833 | 366,396 | |
Dollarama, Inc. | 21,987 | 757,159 | |
Element Financial Corp. | 32,500 | 306,144 | |
Emera, Inc. | 18,672 | 744,890 | |
Empire Co. Ltd. Class A (non-vtg.) | 12,806 | 349,394 | |
Enbridge, Inc. | 148,308 | 4,086,457 | |
Fairfax Financial Holdings Ltd. (sub. vtg.) | 2,041 | 536,546 | |
Finning International, Inc. | 11,360 | 172,749 | |
First Quantum Minerals Ltd. | 39,538 | 454,347 | |
FirstService Corp. | 2,616 | 350,783 | |
Fortis, Inc. | 34,489 | 1,362,423 | |
Franco-Nevada Corp. | 14,032 | 1,912,535 | |
George Weston Ltd. | 5,041 | 353,509 | |
Gibson Energy, Inc. | 10,193 | 150,106 | |
Gildan Activewear, Inc. | 15,202 | 314,925 | |
Great-West Lifeco, Inc. | 20,000 | 407,566 | |
Hydro One Ltd. (b) | 22,784 | 497,817 | |
iA Financial Corp, Inc. | 8,180 | 285,008 | |
IGM Financial, Inc. | 5,242 | 115,086 | |
Imperial Oil Ltd. | 15,305 | 203,561 | |
Intact Financial Corp. | 10,580 | 1,092,862 | |
Inter Pipeline Ltd. | 30,096 | 267,912 | |
Keyera Corp. | 17,476 | 248,046 | |
Kinross Gold Corp. | 93,475 | 743,703 | |
Kirkland Lake Gold Ltd. | 20,543 | 935,945 | |
Loblaw Companies Ltd. | 12,123 | 603,466 | |
Lundin Mining Corp. | 44,998 | 271,886 | |
Magna International, Inc. Class A (sub. vtg.) | 20,087 | 1,025,684 | |
Manulife Financial Corp. | 142,960 | 1,937,895 | |
Methanex Corp. | 4,868 | 144,326 | |
Metro, Inc. Class A (sub. vtg.) | 18,584 | 866,919 | |
National Bank of Canada | 24,603 | 1,180,752 | |
Northland Power, Inc. | 14,228 | 460,170 | |
Nutrien Ltd. | 41,368 | 1,681,671 | |
Onex Corp. (sub. vtg.) | 5,662 | 244,788 | |
Open Text Corp. | 20,266 | 744,593 | |
Pan American Silver Corp. | 15,236 | 484,505 | |
Parkland Corp. | 10,949 | 267,418 | |
Pembina Pipeline Corp. | 40,481 | 847,418 | |
Power Corp. of Canada (sub. vtg.) | 42,537 | 810,001 | |
Quebecor, Inc. Class B (sub. vtg.) | 13,686 | 317,522 | |
Restaurant Brands International, Inc. | 22,860 | 1,187,869 | |
RioCan (REIT) | 21,299 | 229,888 | |
Ritchie Bros. Auctioneers, Inc. | 8,083 | 489,967 | |
Rogers Communications, Inc. Class B (non-vtg.) | 25,858 | 1,050,390 | |
Royal Bank of Canada | 103,858 | 7,262,187 | |
Saputo, Inc. | 16,928 | 412,051 | |
Shaw Communications, Inc. Class B | 35,926 | 591,890 | |
Shopify, Inc. Class A (a) | 7,915 | 7,296,735 | |
SNC-Lavalin Group, Inc. | 13,663 | 191,157 | |
Stantec, Inc. | 8,897 | 255,497 | |
Sun Life Financial, Inc. | 43,029 | 1,712,052 | |
Suncor Energy, Inc. | 110,595 | 1,247,649 | |
TC Energy Corp. | 68,985 | 2,715,284 | |
Teck Resources Ltd. Class B (sub. vtg.) | 32,998 | 433,682 | |
TELUS Corp. | 93,717 | 1,602,397 | |
TFI International, Inc. (Canada) | 6,491 | 289,009 | |
The Toronto-Dominion Bank | 131,922 | 5,820,292 | |
Thomson Reuters Corp. | 12,413 | 965,052 | |
TMX Group Ltd. | 3,678 | 357,392 | |
Toromont Industries Ltd. | 5,914 | 368,210 | |
Waste Connection, Inc. (Canada) | 19,064 | 1,889,658 | |
Wheaton Precious Metals Corp. | 32,987 | 1,513,792 | |
WSP Global, Inc. | 5,429 | 343,393 | |
Yamana Gold, Inc. | 69,571 | 386,941 | |
TOTAL CANADA | 106,757,849 | ||
Cayman Islands - 8.6% | |||
AAC Technology Holdings, Inc. | 55,000 | 289,810 | |
Airtac International Group | 11,000 | 295,292 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 133,394 | 40,643,818 | |
Anta Sports Products Ltd. | 66,000 | 726,192 | |
ASM Pacific Technology Ltd. | 23,600 | 237,446 | |
Autohome, Inc. ADR Class A | 4,015 | 383,633 | |
Baidu.com, Inc. sponsored ADR (a) | 20,081 | 2,671,777 | |
BeiGene Ltd. ADR (a) | 2,848 | 844,489 | |
Bilibili, Inc. ADR (a)(d) | 11,085 | 495,167 | |
Chailease Holding Co. Ltd. | 101,285 | 490,334 | |
Cheung Kong Property Holdings Ltd. | 181,000 | 838,168 | |
China Biologic Products Holdings, Inc. (a) | 916 | 106,448 | |
China Conch Venture Holdings Ltd. | 124,000 | 551,022 | |
China Feihe Ltd. (b) | 210,000 | 476,208 | |
China Mengniu Dairy Co. Ltd. | 199,000 | 935,640 | |
China Resources Cement Holdings Ltd. | 152,000 | 198,419 | |
China Resources Land Ltd. | 208,000 | 846,488 | |
CIFI Holdings Group Co. Ltd. | 277,976 | 191,831 | |
CK Hutchison Holdings Ltd. | 197,500 | 1,189,713 | |
Country Garden Holdings Co. Ltd. | 543,140 | 668,372 | |
Country Garden Services Holdings Co. Ltd. | 95,000 | 596,163 | |
Ctrip.com International Ltd. ADR (a) | 33,185 | 954,401 | |
ENN Energy Holdings Ltd. | 56,200 | 710,066 | |
Evergrande Real Estate Group Ltd. | 134,000 | 266,185 | |
GDS Holdings Ltd. ADR (a)(d) | 8,211 | 690,052 | |
Geely Automobile Holdings Ltd. | 412,000 | 846,055 | |
Genscript Biotech Corp. | 64,000 | 88,663 | |
Hengan International Group Co. Ltd. | 54,000 | 374,395 | |
Huazhu Group Ltd. ADR | 9,431 | 373,751 | |
Innovent Biologics, Inc. (a)(b) | 60,000 | 442,696 | |
iQIYI, Inc. ADR (a)(d) | 20,302 | 501,459 | |
JD.com, Inc. sponsored ADR (a) | 64,704 | 5,274,670 | |
Kingdee International Software Group Co. Ltd. | 172,000 | 451,493 | |
Kingsoft Corp. Ltd. | 68,000 | 363,134 | |
Li Ning Co. Ltd. | 148,500 | 766,204 | |
Logan Property Holdings Co. Ltd. | 84,000 | 131,323 | |
Longfor Properties Co. Ltd. (b) | 114,000 | 622,754 | |
Meituan Class B (a) | 305,200 | 11,345,842 | |
Melco Crown Entertainment Ltd. sponsored ADR | 14,564 | 234,772 | |
Minth Group Ltd. | 54,000 | 223,244 | |
Momo, Inc. ADR | 11,896 | 178,440 | |
NetEase, Inc. ADR | 29,514 | 2,561,520 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 10,171 | 1,631,225 | |
NIO, Inc. sponsored ADR (a) | 78,179 | 2,390,714 | |
PagSeguro Digital Ltd. (a) | 13,262 | 485,522 | |
Parade Technologies Ltd. | 5,000 | 190,499 | |
Pinduoduo, Inc. ADR (a) | 24,752 | 2,227,185 | |
Sands China Ltd. | 172,800 | 605,162 | |
Sea Ltd. ADR (a) | 21,588 | 3,404,428 | |
Semiconductor Manufacturing International Corp. (a) | 298,000 | 879,139 | |
Shenzhou International Group Holdings Ltd. | 54,200 | 936,134 | |
Shimao Property Holdings Ltd. | 95,500 | 336,914 | |
Silergy Corp. | 5,000 | 307,596 | |
Silicon Motion Technology Corp. sponsored ADR | 2,922 | 110,276 | |
SINA Corp. (a) | 3,938 | 168,743 | |
Sino Biopharmaceutical Ltd. | 755,500 | 762,078 | |
StoneCo Ltd. Class A (a) | 14,442 | 758,783 | |
Sunac China Holdings Ltd. | 185,000 | 682,490 | |
Sunny Optical Technology Group Co. Ltd. | 52,200 | 863,211 | |
TAL Education Group ADR (a) | 29,382 | 1,952,728 | |
Tencent Holdings Ltd. | 420,400 | 32,120,937 | |
Tingyi (Cayman Islands) Holding Corp. | 130,000 | 237,446 | |
Vipshop Holdings Ltd. ADR (a) | 28,351 | 606,711 | |
Want Want China Holdings Ltd. | 506,000 | 334,179 | |
Weibo Corp. sponsored ADR (a)(d) | 4,191 | 174,136 | |
WH Group Ltd. (b) | 700,000 | 549,887 | |
Wharf Real Estate Investment Co. Ltd. | 130,000 | 498,871 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 70,500 | 1,969,726 | |
Wynn Macau Ltd. (a) | 119,200 | 164,520 | |
Xiaomi Corp. Class B (a)(b) | 970,800 | 2,760,989 | |
Xinyi Glass Holdings Ltd. | 186,000 | 407,389 | |
Xinyi Solar Holdings Ltd. | 289,895 | 527,252 | |
Yihai International Holding Ltd. | 30,000 | 397,033 | |
YY, Inc. ADR | 3,941 | 360,129 | |
Zai Lab Ltd. ADR (a) | 4,800 | 393,840 | |
Zhen Ding Technology Holding Ltd. | 41,000 | 173,407 | |
ZTO Express, Inc. sponsored ADR | 28,159 | 816,048 | |
TOTAL CAYMAN ISLANDS | 142,262,876 | ||
Chile - 0.1% | |||
Aguas Andinas SA | 203,700 | 52,912 | |
Banco de Chile | 2,975,895 | 229,744 | |
Banco de Credito e Inversiones | 3,513 | 109,942 | |
Banco Santander Chile | 3,943,728 | 138,053 | |
Cencosud SA | 96,773 | 134,529 | |
Cencosud Shopping SA | 37,712 | 49,841 | |
Colbun SA | 505,813 | 76,333 | |
Compania Cervecerias Unidas SA | 10,240 | 56,940 | |
Compania de Petroleos de Chile SA (COPEC) | 24,528 | 187,140 | |
Empresa Nacional de Telecomunicaciones SA (ENTEL) | 7,946 | 44,788 | |
Empresas CMPC SA | 75,892 | 157,820 | |
Enel Chile SA | 1,784,419 | 119,738 | |
Enersis SA | 2,233,383 | 296,321 | |
Parque Arauco SA | 42,537 | 54,573 | |
S.A.C.I. Falabella | 48,339 | 132,521 | |
TOTAL CHILE | 1,841,195 | ||
China - 1.8% | |||
Agricultural Bank of China Ltd. (H Shares) | 2,035,000 | 687,739 | |
Anhui Conch Cement Co. Ltd. (H Shares) | 87,000 | 542,593 | |
Bank Communications Co. Ltd. (H Shares) | 1,527,000 | 750,451 | |
Bank of China Ltd. (H Shares) | 5,590,000 | 1,765,665 | |
BYD Co. Ltd. (H Shares) | 44,000 | 889,452 | |
CGN Power Co. Ltd. (H Shares) (b) | 657,000 | 140,680 | |
China CITIC Bank Corp. Ltd. (H Shares) | 857,000 | 348,217 | |
China Communications Construction Co. Ltd. (H Shares) | 284,000 | 148,365 | |
China Construction Bank Corp. (H Shares) | 7,209,000 | 4,967,818 | |
China International Capital Corp. Ltd. (H Shares) (a)(b) | 94,400 | 219,668 | |
China Life Insurance Co. Ltd. (H Shares) | 546,000 | 1,191,331 | |
China Merchants Bank Co. Ltd. (H Shares) | 275,500 | 1,432,138 | |
China Minsheng Banking Corp. Ltd. (H Shares) | 392,000 | 214,393 | |
China National Building Materials Co. Ltd. (H Shares) | 274,000 | 314,203 | |
China Oilfield Services Ltd. (H Shares) | 108,000 | 64,918 | |
China Pacific Insurance (Group) Co. Ltd. (H Shares) | 204,400 | 636,731 | |
China Petroleum & Chemical Corp. (H Shares) | 1,816,000 | 709,095 | |
China Railway Group Ltd. (H Shares) | 234,000 | 107,454 | |
China Shenhua Energy Co. Ltd. (H Shares) | 249,500 | 431,254 | |
China Telecom Corp. Ltd. (H Shares) | 992,000 | 312,219 | |
China Tower Corp. Ltd. (H Shares) (b) | 3,412,000 | 532,540 | |
China Vanke Co. Ltd. (H Shares) | 140,500 | 434,956 | |
CITIC Securities Co. Ltd. (H Shares) | 173,000 | 373,113 | |
CRRC Corp. Ltd. (H Shares) | 452,000 | 174,911 | |
Great Wall Motor Co. Ltd. (H Shares) | 228,000 | 368,800 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 220,000 | 225,605 | |
Haitong Securities Co. Ltd. (H Shares) | 202,400 | 170,744 | |
Huatai Securities Co. Ltd. (H Shares) (b) | 130,200 | 210,268 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 5,438,000 | 3,088,048 | |
New China Life Insurance Co. Ltd. (H Shares) | 61,700 | 245,527 | |
People's Insurance Co. of China Group Ltd. (H Shares) | 619,000 | 183,644 | |
PetroChina Co. Ltd. (H Shares) | 1,518,000 | 424,903 | |
PICC Property & Casualty Co. Ltd. (H Shares) | 504,000 | 340,659 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 404,000 | 4,177,228 | |
Postal Savings Bank of China Co. Ltd. (H Shares) (b) | 631,000 | 309,294 | |
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) | 172,000 | 332,352 | |
Sinopharm Group Co. Ltd. (H Shares) | 108,400 | 247,771 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 30,000 | 247,856 | |
Weichai Power Co. Ltd. (H Shares) | 131,000 | 247,383 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 22,920 | 365,124 | |
Zijin Mining Group Co. Ltd. (H Shares) | 428,000 | 309,717 | |
ZTE Corp. (H Shares) | 51,800 | 114,124 | |
TOTAL CHINA | 28,998,951 | ||
Colombia - 0.0% | |||
Bancolombia SA | 10,504 | 66,492 | |
Grupo de Inversiones Suramerica SA | 17,894 | 92,929 | |
Interconexion Electrica SA ESP | 27,943 | 150,604 | |
Inversiones Argos SA | 23,729 | 65,111 | |
TOTAL COLOMBIA | 375,136 | ||
Czech Republic - 0.0% | |||
Ceske Energeticke Zavody A/S | 13,637 | 257,629 | |
Komercni Banka A/S (a) | 5,299 | 107,356 | |
MONETA Money Bank A/S (b) | 29,726 | 67,339 | |
TOTAL CZECH REPUBLIC | 432,324 | ||
Denmark - 1.5% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 195 | 287,680 | |
Series B | 498 | 798,112 | |
Ambu A/S Series B | 11,949 | 362,190 | |
Ascendis Pharma A/S sponsored ADR (a) | 3,212 | 524,680 | |
Carlsberg A/S Series B | 7,439 | 941,513 | |
Christian Hansen Holding A/S | 7,593 | 764,764 | |
Coloplast A/S Series B | 8,708 | 1,270,779 | |
Danske Bank A/S (a) | 48,823 | 648,937 | |
DSV Panalpina A/S | 14,939 | 2,418,940 | |
Genmab A/S (a) | 4,779 | 1,591,754 | |
GN Store Nord A/S | 10,498 | 754,995 | |
ISS Holdings A/S | 10,248 | 132,974 | |
Novo Nordisk A/S Series B | 122,051 | 7,782,663 | |
Novozymes A/S Series B | 15,297 | 919,208 | |
ORSTED A/S (b) | 13,093 | 2,078,043 | |
Pandora A/S | 7,375 | 584,046 | |
Royal Unibrew A/S | 2,834 | 276,750 | |
SimCorp A/S | 3,026 | 360,734 | |
Tryg A/S | 9,365 | 259,764 | |
Vestas Wind Systems A/S | 14,521 | 2,491,281 | |
TOTAL DENMARK | 25,249,807 | ||
Egypt - 0.0% | |||
Commercial International Bank SAE | 103,240 | 401,452 | |
Faroe Islands - 0.0% | |||
Bakkafrost (a) | 3,841 | 218,873 | |
Finland - 0.8% | |||
Elisa Corp. (A Shares) | 11,233 | 552,605 | |
Fortum Corp. | 32,641 | 613,948 | |
Huhtamaki Oyj | 7,561 | 369,144 | |
Kesko Oyj | 19,817 | 509,142 | |
Kone OYJ (B Shares) | 29,136 | 2,318,998 | |
Metso Outotec Oyj | 41,005 | 288,688 | |
Neles Oyj | 8,134 | 108,895 | |
Neste Oyj | 31,374 | 1,632,595 | |
Nokia Corp. (a) | 411,741 | 1,388,061 | |
Nokian Tyres PLC | 9,586 | 294,627 | |
Nordea Bank ABP (Stockholm Stock Exchange) | 234,936 | 1,763,258 | |
Orion Oyj (B Shares) | 7,980 | 341,551 | |
Sampo Oyj (A Shares) | 36,899 | 1,392,371 | |
Stora Enso Oyj (R Shares) | 45,766 | 667,600 | |
UPM-Kymmene Corp. | 38,793 | 1,096,073 | |
Wartsila Corp. | 34,415 | 273,436 | |
TOTAL FINLAND | 13,610,992 | ||
France - 5.4% | |||
Accor SA (a) | 14,831 | 377,586 | |
Air Liquide SA | 34,287 | 5,011,510 | |
Alstom SA (a) | 13,629 | 608,936 | |
Arkema SA | 4,918 | 481,589 | |
Atos Origin SA (a) | 7,313 | 499,101 | |
AXA SA | 153,035 | 2,457,635 | |
BNP Paribas SA (a) | 83,805 | 2,922,681 | |
Bouygues SA | 16,607 | 544,459 | |
Bureau Veritas SA | 21,396 | 469,720 | |
Capgemini SA | 11,780 | 1,360,159 | |
Carrefour SA | 42,218 | 656,900 | |
Compagnie de St. Gobain (a) | 40,235 | 1,567,295 | |
Credit Agricole SA (a) | 94,048 | 743,971 | |
Danone SA | 50,089 | 2,778,198 | |
Dassault Systemes SA | 9,913 | 1,691,945 | |
Edenred SA | 17,698 | 825,304 | |
Eiffage SA (a) | 6,206 | 450,438 | |
ENGIE (a) | 130,692 | 1,580,705 | |
Essilor International SA | 21,782 | 2,694,125 | |
Gecina SA | 4,003 | 496,979 | |
Groupe Eurotunnel SA (a) | 33,148 | 445,511 | |
Hermes International SCA | 2,515 | 2,340,347 | |
Kering SA | 5,447 | 3,289,285 | |
Klepierre SA | 13,735 | 173,962 | |
L'Oreal SA | 17,454 | 5,640,880 | |
Legrand SA | 19,275 | 1,425,039 | |
LVMH Moet Hennessy Louis Vuitton SE | 19,672 | 9,221,204 | |
Michelin CGDE Series B | 13,170 | 1,420,953 | |
Orange SA | 149,283 | 1,676,392 | |
Orpea (a) | 4,174 | 416,804 | |
Pernod Ricard SA | 14,722 | 2,373,003 | |
Peugeot Citroen SA | 47,452 | 852,739 | |
Publicis Groupe SA | 16,155 | 560,685 | |
Renault SA | 14,503 | 359,016 | |
Safran SA (a) | 24,158 | 2,548,184 | |
Sanofi SA | 83,876 | 7,573,449 | |
Schneider Electric SA | 39,187 | 4,761,476 | |
Societe Generale Series A | 57,596 | 782,609 | |
Sodexo SA | 6,186 | 396,969 | |
SR Teleperformance SA | 4,288 | 1,286,959 | |
Suez Environnement SA | 29,510 | 540,278 | |
Thales SA | 7,962 | 518,172 | |
Total SA | 184,131 | 5,578,566 | |
Valeo SA | 17,802 | 538,439 | |
Veolia Environnement SA | 37,903 | 705,858 | |
VINCI SA | 37,192 | 2,937,615 | |
Vivendi SA | 62,706 | 1,810,427 | |
Worldline SA (a)(b) | 7,197 | 533,430 | |
TOTAL FRANCE | 88,927,487 | ||
Germany - 4.7% | |||
adidas AG | 13,513 | 4,013,168 | |
Allianz SE | 30,515 | 5,368,566 | |
BASF AG | 67,292 | 3,684,788 | |
Bayer AG | 72,143 | 3,390,039 | |
Bayerische Motoren Werke AG (BMW) | 23,351 | 1,595,846 | |
Bechtle AG | 2,039 | 349,796 | |
Beiersdorf AG | 7,055 | 738,673 | |
Brenntag AG | 11,340 | 724,807 | |
Carl Zeiss Meditec AG | 2,692 | 347,698 | |
Commerzbank AG | 72,909 | 343,475 | |
Continental AG | 7,842 | 833,220 | |
Covestro AG (b) | 13,247 | 632,090 | |
Daimler AG (Germany) | 61,080 | 3,158,475 | |
Delivery Hero AG (a)(b) | 10,304 | 1,185,415 | |
Deutsche Bank AG (a) | 151,702 | 1,395,947 | |
Deutsche Borse AG | 13,957 | 2,053,822 | |
Deutsche Post AG | 70,404 | 3,119,129 | |
Deutsche Telekom AG | 236,360 | 3,592,376 | |
Deutsche Wohnen AG (Bearer) | 26,287 | 1,326,555 | |
E.ON AG | 164,340 | 1,711,465 | |
Evonik Industries AG | 15,228 | 366,588 | |
Fresenius Medical Care AG & Co. KGaA | 15,677 | 1,197,130 | |
Fresenius SE & Co. KGaA | 30,414 | 1,127,826 | |
GEA Group AG | 12,182 | 405,344 | |
Hannover Reuck SE | 4,457 | 647,298 | |
HeidelbergCement AG | 10,955 | 626,709 | |
Henkel AG & Co. KGaA | 7,162 | 647,696 | |
Infineon Technologies AG | 95,512 | 2,659,167 | |
KION Group AG | 4,801 | 373,735 | |
Knorr-Bremse AG | 4,710 | 545,423 | |
Lanxess AG | 6,538 | 331,382 | |
LEG Immobilien AG | 5,266 | 711,556 | |
Merck KGaA | 9,534 | 1,411,845 | |
MTU Aero Engines Holdings AG | 3,957 | 675,379 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 10,290 | 2,406,437 | |
OSRAM Licht AG (a) | 2,069 | 121,447 | |
Puma AG | 6,665 | 582,490 | |
Rheinmetall AG | 3,275 | 239,152 | |
RWE AG | 49,646 | 1,838,105 | |
SAP SE | 79,835 | 8,517,169 | |
Scout24 AG (b) | 7,889 | 635,345 | |
Siemens AG | 58,931 | 6,911,443 | |
Symrise AG | 9,392 | 1,157,829 | |
Thyssenkrupp AG (a) | 28,903 | 137,845 | |
TUI AG (GB) (d) | 28,868 | 113,168 | |
Uniper SE | 7,081 | 211,615 | |
Vonovia SE | 41,310 | 2,637,483 | |
Zalando SE (a)(b) | 12,055 | 1,125,716 | |
TOTAL GERMANY | 77,927,672 | ||
Greece - 0.0% | |||
Alpha Bank AE (a) | 80,178 | 40,433 | |
EFG Eurobank Ergasias SA (a) | 171,742 | 56,946 | |
Greek Organization of Football Prognostics SA | 16,154 | 130,285 | |
Hellenic Telecommunications Organization SA | 16,457 | 218,883 | |
Jumbo SA | 7,252 | 101,353 | |
Lamda Development SA (a) | 3,861 | 22,708 | |
Motor Oil (HELLAS) Corinth Refineries SA | 4,141 | 38,583 | |
Mytilineos SA | 8,384 | 91,590 | |
National Bank of Greece SA (a) | 39,856 | 41,619 | |
Piraeus Bank SA (a) | 20,915 | 15,955 | |
TOTAL GREECE | 758,355 | ||
Hong Kong - 2.0% | |||
AIA Group Ltd. | 884,000 | 8,413,184 | |
Bank of East Asia Ltd. | 110,987 | 199,855 | |
Beijing Enterprises Holdings Ltd. | 29,000 | 87,159 | |
BOC Hong Kong (Holdings) Ltd. | 260,500 | 722,444 | |
China Everbright International Ltd. | 222,185 | 111,773 | |
China Jinmao Holdings Group Ltd. | 364,000 | 183,585 | |
China Merchants Holdings International Co. Ltd. | 82,000 | 86,945 | |
China Mobile Ltd. | 406,000 | 2,483,316 | |
China Overseas Land and Investment Ltd. | 282,000 | 705,682 | |
China Resources Beer Holdings Co. Ltd. | 102,000 | 632,196 | |
China Resources Power Holdings Co. Ltd. | 114,000 | 118,522 | |
China Taiping Insurance Group Ltd. | 96,000 | 144,387 | |
China Unicom Ltd. | 424,000 | 261,349 | |
CLP Holdings Ltd. | 118,000 | 1,085,250 | |
CNOOC Ltd. | 1,194,000 | 1,092,457 | |
CSPC Pharmaceutical Group Ltd. | 652,160 | 687,281 | |
Far East Horizon Ltd. | 178,000 | 174,728 | |
Fosun International Ltd. | 195,000 | 234,931 | |
Galaxy Entertainment Group Ltd. | 158,000 | 1,041,445 | |
Guangdong Investment Ltd. | 206,000 | 305,047 | |
Hang Lung Properties Ltd. | 127,000 | 308,306 | |
Hang Seng Bank Ltd. | 53,200 | 817,986 | |
Henderson Land Development Co. Ltd. | 101,500 | 358,506 | |
Hong Kong & China Gas Co. Ltd. | 777,660 | 1,122,010 | |
Hong Kong Exchanges and Clearing Ltd. | 87,053 | 4,156,984 | |
Lenovo Group Ltd. | 476,000 | 297,788 | |
Link (REIT) | 155,631 | 1,185,425 | |
MTR Corp. Ltd. | 108,613 | 537,286 | |
New World Development Co. Ltd. | 109,000 | 518,813 | |
Power Assets Holdings Ltd. | 95,500 | 490,896 | |
Sino Land Ltd. | 230,576 | 272,438 | |
Sun Art Retail Group Ltd. | 146,000 | 157,817 | |
Sun Hung Kai Properties Ltd. | 112,000 | 1,441,644 | |
Swire Pacific Ltd. (A Shares) | 39,500 | 180,128 | |
Swire Properties Ltd. | 79,600 | 213,054 | |
Techtronic Industries Co. Ltd. | 125,500 | 1,673,873 | |
Vitasoy International Holdings Ltd. | 64,000 | 258,394 | |
TOTAL HONG KONG | 32,762,884 | ||
Hungary - 0.1% | |||
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) (a) | 39,398 | 190,999 | |
OTP Bank PLC (a) | 16,576 | 516,259 | |
Richter Gedeon PLC | 9,917 | 202,289 | |
TOTAL HUNGARY | 909,547 | ||
India - 2.4% | |||
Adani Ports & Special Economic Zone Ltd. | 50,290 | 242,491 | |
Asian Paints Ltd. | 33,250 | 985,857 | |
Avenue Supermarts Ltd. (a)(b) | 10,665 | 320,518 | |
Axis Bank Ltd. (a) | 193,373 | 1,274,189 | |
Bajaj Finance Ltd. | 19,120 | 847,851 | |
Bajaj Finserv Ltd. | 4,362 | 325,857 | |
Bharat Petroleum Corp. Ltd. | 59,618 | 283,313 | |
Bharti Airtel Ltd. | 176,550 | 1,026,166 | |
HDFC Bank Ltd. | 297,548 | 4,723,618 | |
HDFC Standard Life Insurance Co. Ltd. (a)(b) | 55,974 | 442,589 | |
Hindustan Unilever Ltd. | 65,301 | 1,815,003 | |
Housing Development Finance Corp. Ltd. | 131,102 | 3,381,024 | |
ICICI Bank Ltd. (a) | 505,037 | 2,640,747 | |
IndusInd Bank Ltd. (a) | 43,229 | 338,361 | |
Infosys Ltd. | 270,012 | 3,845,541 | |
ITC Ltd. | 644,727 | 1,432,238 | |
JSW Steel Ltd. | 73,892 | 306,763 | |
Kotak Mahindra Bank Ltd. (a) | 95,882 | 1,989,042 | |
Larsen & Toubro Ltd. | 86,909 | 1,082,433 | |
Maruti Suzuki India Ltd. | 9,813 | 916,204 | |
Power Grid Corp. of India Ltd. | 188,769 | 433,018 | |
Reliance Industries Ltd. | 236,043 | 6,505,397 | |
State Bank of India (a) | 283,587 | 718,236 | |
Sun Pharmaceutical Industries Ltd. | 77,537 | 484,062 | |
Tata Consultancy Services Ltd. | 76,769 | 2,750,368 | |
Titan Co. Ltd. | 29,946 | 468,528 | |
Ultratech Cemco Ltd. | 8,568 | 525,268 | |
TOTAL INDIA | 40,104,682 | ||
Indonesia - 0.4% | |||
Mitra Keluarga Karyasehat Tbk PT | 432,700 | 77,410 | |
PT ACE Hardware Indonesia Tbk | 489,200 | 52,166 | |
PT Adaro Energy Tbk | 1,110,800 | 84,203 | |
PT Astra International Tbk | 1,473,300 | 538,010 | |
PT Bank Central Asia Tbk | 823,100 | 1,619,577 | |
PT Bank Mandiri (Persero) Tbk | 1,334,300 | 519,751 | |
PT Bank Negara Indonesia (Persero) Tbk | 504,800 | 160,602 | |
PT Bank Rakyat Indonesia Tbk | 3,808,900 | 862,228 | |
PT Bank Tabungan Pensiunan Nasional Syariah Tbk | 166,200 | 41,502 | |
PT Barito Pacific Tbk (a) | 1,724,300 | 104,473 | |
PT Charoen Pokphand Indonesia Tbk | 561,200 | 221,085 | |
PT Gudang Garam Tbk (a) | 33,100 | 92,184 | |
PT Indah Kiat Pulp & Paper Tbk | 201,600 | 123,459 | |
PT Indocement Tunggal Prakarsa Tbk | 123,200 | 101,734 | |
PT Indofood CBP Sukses Makmur Tbk | 156,400 | 102,736 | |
PT Indofood Sukses Makmur Tbk | 304,000 | 144,007 | |
PT Jasa Marga Tbk | 171,100 | 41,235 | |
PT Kalbe Farma Tbk | 1,502,900 | 155,928 | |
PT Perusahaan Gas Negara Tbk Series B | 747,400 | 53,643 | |
PT Semen Gresik (Persero) Tbk | 186,500 | 120,817 | |
PT Telekomunikasi Indonesia Tbk Series B | 3,442,200 | 609,476 | |
PT Tower Bersama Infrastructure Tbk | 752,000 | 76,062 | |
PT United Tractors Tbk | 102,800 | 146,870 | |
TOTAL INDONESIA | 6,049,158 | ||
Ireland - 0.6% | |||
Bank Ireland Group PLC | 60,256 | 147,933 | |
CRH PLC | 57,391 | 2,008,213 | |
DCC PLC (United Kingdom) | 7,648 | 497,777 | |
Flutter Entertainment PLC | 4,070 | 704,431 | |
Flutter Entertainment PLC (Ireland) | 5,717 | 995,749 | |
Grafton Group PLC unit | 16,531 | 144,022 | |
ICON PLC (a) | 3,919 | 706,596 | |
James Hardie Industries PLC CDI | 32,510 | 789,339 | |
Kerry Group PLC Class A | 10,972 | 1,312,356 | |
Kingspan Group PLC (Ireland) | 11,167 | 973,473 | |
Ryanair Holdings PLC sponsored ADR (a) | 13,622 | 1,097,933 | |
Smurfit Kappa Group PLC | 17,068 | 642,465 | |
United Drug PLC (United Kingdom) | 17,696 | 166,322 | |
TOTAL IRELAND | 10,186,609 | ||
Isle of Man - 0.0% | |||
Gaming VC Holdings SA (a) | 43,086 | 539,313 | |
NEPI Rockcastle PLC | 31,402 | 111,358 | |
TOTAL ISLE OF MAN | 650,671 | ||
Israel - 0.4% | |||
Airport City Ltd. (a) | 5,936 | 64,717 | |
Alony Hetz Properties & Investments Ltd. | 10,612 | 107,300 | |
Amot Investments Ltd. | 7,933 | 36,502 | |
Azrieli Group | 2,596 | 122,418 | |
Bank Hapoalim BM (Reg.) | 82,889 | 485,617 | |
Bank Leumi le-Israel BM | 109,313 | 517,403 | |
Bezeq The Israel Telecommunication Corp. Ltd. (a) | 147,488 | 168,148 | |
Check Point Software Technologies Ltd. (a) | 8,120 | 922,107 | |
CyberArk Software Ltd. (a) | 2,738 | 271,473 | |
Elbit Systems Ltd. (Israel) | 1,645 | 186,145 | |
First International Bank of Israel | 4,594 | 102,071 | |
Gazit-Globe Ltd. | 4,278 | 17,779 | |
Icl Group Ltd. | 44,829 | 163,179 | |
Isracard Ltd. | 3,766 | 10,629 | |
Israel Discount Bank Ltd. (Class A) | 80,631 | 226,907 | |
Kornit Digital Ltd. (a) | 3,358 | 226,061 | |
Melisron Ltd. | 1,280 | 46,442 | |
Mizrahi Tefahot Bank Ltd. | 10,052 | 196,264 | |
NICE Systems Ltd. (a) | 4,567 | 1,044,559 | |
Paz Oil Co. Ltd. | 794 | 73,069 | |
Plus500 Ltd. | 7,625 | 145,753 | |
Radware Ltd. (a) | 3,498 | 78,705 | |
Reit 1 Ltd. | 10,557 | 40,222 | |
Shikun & Binui Ltd. (a) | 11,553 | 54,073 | |
Shufersal Ltd. | 14,183 | 107,202 | |
Strauss Group Ltd. | 3,880 | 112,191 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) | 80,494 | 701,908 | |
Tower Semiconductor Ltd. (a) | 7,604 | 158,674 | |
Wix.com Ltd. (a) | 3,780 | 934,870 | |
TOTAL ISRAEL | 7,322,388 | ||
Italy - 1.1% | |||
A2A SpA | 99,749 | 126,802 | |
Amplifon SpA | 5,832 | 211,986 | |
Assicurazioni Generali SpA | 89,542 | 1,200,321 | |
Astm SpA (a) | 4,876 | 90,634 | |
Atlantia SpA (a) | 37,079 | 568,086 | |
Azimut Holding SpA | 7,718 | 130,292 | |
Banca Mediolanum S.p.A. | 16,791 | 114,596 | |
Banco BPM SpA | 116,555 | 210,542 | |
Davide Campari Milano NV | 31,305 | 326,822 | |
Enel SpA | 562,785 | 4,474,425 | |
Eni SpA | 187,807 | 1,315,597 | |
FinecoBank SpA | 44,236 | 605,354 | |
Hera SpA | 52,075 | 163,753 | |
Infrastrutture Wireless Italiane SpA (b) | 22,692 | 245,254 | |
Interpump Group SpA | 5,870 | 221,502 | |
Intesa Sanpaolo SpA | 1,279,285 | 2,123,747 | |
Italgas SpA | 33,671 | 194,584 | |
Leonardo SpA | 27,096 | 129,006 | |
Mediobanca SpA | 51,195 | 362,992 | |
Moncler SpA | 14,793 | 591,977 | |
Nexi SpA (a)(b) | 25,050 | 384,811 | |
Pirelli & C. SpA (b) | 33,806 | 140,952 | |
Poste Italiane SpA (b) | 32,115 | 261,819 | |
Prysmian SpA | 19,448 | 528,654 | |
Recordati SpA | 7,388 | 382,811 | |
Saipem SpA (d) | 39,131 | 68,703 | |
Snam Rete Gas SpA | 154,287 | 752,903 | |
Telecom Italia SpA | 728,648 | 247,502 | |
Telecom Italia SpA (Risparmio Shares) | 569,841 | 207,263 | |
Terna SpA | 103,243 | 697,884 | |
UniCredit SpA | 156,029 | 1,163,184 | |
Unipol Gruppo SpA | 27,594 | 100,526 | |
TOTAL ITALY | 18,345,284 | ||
Japan - 18.1% | |||
ABC-MART, Inc. | 2,200 | 111,594 | |
ACOM Co. Ltd. | 31,100 | 139,764 | |
Activia Properties, Inc. | 47 | 169,812 | |
Advance Residence Investment Corp. | 99 | 289,070 | |
Advantest Corp. | 14,600 | 845,675 | |
Aeon (REIT) Investment Corp. | 101 | 114,233 | |
AEON Co. Ltd. | 63,700 | 1,627,420 | |
AEON MALL Co. Ltd. | 7,200 | 112,316 | |
Agc, Inc. | 16,500 | 515,228 | |
Aica Kogyo Co. Ltd. | 4,400 | 148,192 | |
Ain Holdings, Inc. | 2,000 | 139,895 | |
Air Water, Inc. | 19,500 | 278,612 | |
Aisin Seiki Co. Ltd. | 13,800 | 418,114 | |
Ajinomoto Co., Inc. | 40,400 | 811,667 | |
Alfresa Holdings Corp. | 16,000 | 292,959 | |
Alps Electric Co. Ltd. | 14,100 | 203,426 | |
Amada Co. Ltd. | 25,100 | 218,462 | |
Amano Corp. | 4,600 | 108,268 | |
Ana Holdings, Inc. (a) | 24,600 | 536,547 | |
Anritsu Corp. | 9,500 | 207,978 | |
Aozora Bank Ltd. | 7,700 | 126,504 | |
Asahi Group Holdings | 34,300 | 1,061,487 | |
ASAHI INTECC Co. Ltd. | 16,100 | 498,910 | |
Asahi Kasei Corp. | 103,700 | 898,620 | |
Asics Corp. | 12,600 | 157,418 | |
Astellas Pharma, Inc. | 137,700 | 1,888,272 | |
Azbil Corp. | 9,100 | 369,308 | |
Bandai Namco Holdings, Inc. | 16,100 | 1,203,230 | |
Bank of Kyoto Ltd. | 5,900 | 260,571 | |
Benesse Holdings, Inc. | 5,400 | 127,309 | |
Bic Camera, Inc. | 11,900 | 131,429 | |
Bridgestone Corp. | 45,300 | 1,476,554 | |
Brother Industries Ltd. | 18,700 | 288,956 | |
Calbee, Inc. | 8,600 | 263,819 | |
Canon, Inc. | 78,500 | 1,366,387 | |
Capcom Co. Ltd. | 5,600 | 306,273 | |
Casio Computer Co. Ltd. | 15,600 | 236,998 | |
Central Japan Railway Co. | 15,000 | 1,813,786 | |
Chiba Bank Ltd. | 51,400 | 265,496 | |
Chubu Electric Power Co., Inc. | 54,400 | 609,379 | |
Chugai Pharmaceutical Co. Ltd. | 46,800 | 1,806,480 | |
Chugoku Electric Power Co., Inc. | 23,300 | 292,738 | |
Coca-Cola West Co. Ltd. | 9,800 | 138,336 | |
Comforia Residential REIT, Inc. | 38 | 108,670 | |
COMSYS Holdings Corp. | 10,000 | 254,107 | |
Concordia Financial Group Ltd. | 82,800 | 273,327 | |
Cosmos Pharmaceutical Corp. | 1,600 | 271,743 | |
Credit Saison Co. Ltd. | 10,200 | 110,259 | |
CyberAgent, Inc. | 7,200 | 452,868 | |
Dai Nippon Printing Co. Ltd. | 20,400 | 380,040 | |
Dai-ichi Mutual Life Insurance Co. | 83,600 | 1,248,602 | |
Daicel Chemical Industries Ltd. | 20,500 | 146,301 | |
Daifuku Co. Ltd. | 9,200 | 948,684 | |
Daiichi Sankyo Kabushiki Kaisha | 134,000 | 3,536,750 | |
Daiichikosho Co. Ltd. | 3,000 | 102,651 | |
Daikin Industries Ltd. | 21,500 | 4,023,365 | |
Dainippon Sumitomo Pharma Co. Ltd. | 17,800 | 208,634 | |
Daito Trust Construction Co. Ltd. | 5,200 | 473,019 | |
Daiwa House Industry Co. Ltd. | 49,200 | 1,292,718 | |
Daiwa House REIT Investment Corp. | 136 | 314,604 | |
Daiwa Office Investment Corp. | 20 | 108,533 | |
Daiwa Securities Group, Inc. | 109,700 | 444,485 | |
Denki Kagaku Kogyo KK | 6,300 | 194,089 | |
DENSO Corp. | 38,100 | 1,775,330 | |
Dentsu Group, Inc. | 17,100 | 492,959 | |
Dic Corp. | 5,400 | 131,468 | |
Disco Corp. | 2,100 | 566,808 | |
Dmg Mori Co. Ltd. | 8,800 | 117,660 | |
Dowa Holdings Co. Ltd. | 3,800 | 108,752 | |
East Japan Railway Co. | 27,700 | 1,448,529 | |
Ebara Corp. | 5,700 | 158,440 | |
Eisai Co. Ltd. | 21,900 | 1,702,803 | |
Electric Power Development Co. Ltd. | 14,400 | 194,611 | |
Ezaki Glico Co. Ltd. | 4,600 | 190,787 | |
Fancl Corp. | 5,900 | 185,915 | |
FANUC Corp. | 13,900 | 2,936,025 | |
Fast Retailing Co. Ltd. | 4,700 | 3,278,447 | |
Frontier Real Estate Investment Corp. | 35 | 117,177 | |
Fuji Electric Co. Ltd. | 11,600 | 351,746 | |
Fujifilm Holdings Corp. | 29,500 | 1,504,281 | |
Fujitsu Ltd. | 13,600 | 1,609,079 | |
Fukuoka Financial Group, Inc. | 15,200 | 254,256 | |
Glory Ltd. | 4,400 | 92,745 | |
GLP J-REIT | 278 | 428,578 | |
GMO Payment Gateway, Inc. | 3,000 | 367,585 | |
GOLDWIN, Inc. | 2,800 | 208,858 | |
Hakuhodo DY Holdings, Inc. | 23,200 | 295,595 | |
Hamamatsu Photonics K.K. | 10,700 | 538,421 | |
Hankyu Hanshin Holdings, Inc. | 18,000 | 549,601 | |
Harmonic Drive Systems, Inc. | 2,800 | 185,465 | |
Haseko Corp. | 17,400 | 208,611 | |
Hikari Tsushin, Inc. | 1,500 | 351,817 | |
Hino Motors Ltd. | 19,800 | 151,702 | |
Hirose Electric Co. Ltd. | 2,300 | 321,044 | |
Hisamitsu Pharmaceutical Co., Inc. | 6,200 | 296,572 | |
Hitachi Construction Machinery Co. Ltd. | 8,000 | 197,300 | |
Hitachi Ltd. | 71,200 | 2,399,746 | |
Hitachi Metals Ltd. | 13,500 | 179,027 | |
Honda Motor Co. Ltd. | 126,300 | 2,987,367 | |
Horiba Ltd. | 2,900 | 142,655 | |
Hoshizaki Corp. | 4,600 | 367,353 | |
House Foods Group, Inc. | 6,800 | 225,100 | |
Hoya Corp. | 27,500 | 3,103,566 | |
Hulic (REIT), Inc. | 76 | 99,913 | |
Hulic Co. Ltd. | 38,600 | 357,548 | |
Ibiden Co. Ltd. | 9,400 | 383,271 | |
Idemitsu Kosan Co. Ltd. | 17,357 | 351,027 | |
IHI Corp. | 10,300 | 124,741 | |
Iida Group Holdings Co. Ltd. | 13,000 | 235,198 | |
Industrial & Infrastructure Fund Investment Corp. | 150 | 255,343 | |
INPEX Corp. | 76,900 | 364,691 | |
Invesco Office J-REIT, Inc. | 620 | 76,916 | |
Invincible Investment Corp. | 412 | 131,700 | |
Isetan Mitsukoshi Holdings Ltd. | 25,400 | 123,702 | |
Isuzu Motors Ltd. | 47,600 | 386,202 | |
IT Holdings Corp. | 17,600 | 336,603 | |
ITO EN Ltd. | 4,400 | 278,666 | |
Itochu Corp. | 103,200 | 2,478,711 | |
ITOCHU Techno-Solutions Corp. | 7,300 | 247,670 | |
J. Front Retailing Co. Ltd. | 17,700 | 134,878 | |
Japan Airlines Co. Ltd. | 24,000 | 419,180 | |
Japan Airport Terminal Co. Ltd. | 5,000 | 217,156 | |
Japan Excellent, Inc. | 84 | 92,424 | |
Japan Exchange Group, Inc. | 39,400 | 961,882 | |
Japan Hotel REIT Investment Corp. | 321 | 155,448 | |
Japan Logistics Fund, Inc. | 64 | 179,858 | |
Japan Post Holdings Co. Ltd. | 109,500 | 751,329 | |
Japan Prime Realty Investment Corp. | 68 | 183,774 | |
Japan Real Estate Investment Corp. | 98 | 480,269 | |
Japan Retail Fund Investment Corp. | 183 | 263,778 | |
Japan Tobacco, Inc. | 80,600 | 1,517,470 | |
JFE Holdings, Inc. | 44,400 | 311,962 | |
JGC Corp. | 17,200 | 141,425 | |
JSR Corp. | 16,300 | 368,413 | |
JTEKT Corp. | 16,000 | 127,500 | |
JX Holdings, Inc. | 239,200 | 807,129 | |
K's Holdings Corp. | 14,500 | 185,178 | |
Kagome Co. Ltd. | 6,600 | 226,060 | |
Kajima Corp. | 35,800 | 382,539 | |
Kakaku.com, Inc. | 9,900 | 261,632 | |
Kaken Pharmaceutical Co. Ltd. | 2,800 | 110,281 | |
Kamigumi Co. Ltd. | 8,100 | 144,916 | |
Kaneka Corp. | 4,600 | 128,727 | |
Kansai Electric Power Co., Inc. | 58,000 | 527,822 | |
Kansai Paint Co. Ltd. | 19,300 | 497,595 | |
Kao Corp. | 35,400 | 2,520,434 | |
Kawasaki Heavy Industries Ltd. | 10,800 | 129,029 | |
KDDI Corp. | 119,600 | 3,235,777 | |
Keihan Electric Railway Co., Ltd. | 7,400 | 281,128 | |
Keihin Electric Express Railway Co. Ltd. | 23,400 | 327,234 | |
Keio Corp. | 8,600 | 499,808 | |
Keisei Electric Railway Co. | 12,600 | 352,475 | |
Kenedix Office Investment Corp. | 28 | 161,945 | |
Kewpie Corp. | 9,700 | 198,520 | |
Keyence Corp. | 13,700 | 6,217,368 | |
Kikkoman Corp. | 14,200 | 707,162 | |
Kinden Corp. | 9,800 | 153,663 | |
Kintetsu Group Holdings Co. Ltd. | 14,700 | 587,346 | |
Kirin Holdings Co. Ltd. | 64,600 | 1,164,633 | |
Kobayashi Pharmaceutical Co. Ltd. | 3,800 | 370,294 | |
Kobe Bussan Co. Ltd. | 9,200 | 258,843 | |
Koito Manufacturing Co. Ltd. | 9,200 | 443,659 | |
Komatsu Ltd. | 70,400 | 1,587,201 | |
Konami Holdings Corp. | 7,600 | 297,451 | |
Konica Minolta, Inc. | 32,500 | 82,803 | |
Kose Corp. | 2,700 | 344,184 | |
Kubota Corp. | 85,000 | 1,477,136 | |
Kuraray Co. Ltd. | 25,700 | 237,699 | |
Kurita Water Industries Ltd. | 8,400 | 249,931 | |
Kyocera Corp. | 25,500 | 1,404,349 | |
Kyowa Exeo Corp. | 7,600 | 175,232 | |
Kyowa Hakko Kirin Co., Ltd. | 18,500 | 459,418 | |
Kyushu Electric Power Co., Inc. | 37,700 | 316,056 | |
Kyushu Financial Group, Inc. | 30,800 | 144,068 | |
Kyushu Railway Co. | 10,600 | 225,472 | |
LaSalle Logiport REIT | 114 | 177,471 | |
Lasertec Corp. | 5,700 | 493,739 | |
Lawson, Inc. | 3,700 | 169,999 | |
LINE Corp. (a) | 3,800 | 194,990 | |
Lion Corp. | 22,500 | 458,806 | |
LIXIL Group Corp. | 21,200 | 460,342 | |
M3, Inc. | 31,300 | 2,113,868 | |
Mabuchi Motor Co. Ltd. | 4,000 | 164,915 | |
Maeda Road Construction Co. Ltd. | 2,800 | 46,677 | |
Makita Corp. | 20,500 | 906,174 | |
Mani, Inc. | 5,000 | 125,084 | |
Marubeni Corp. | 123,700 | 645,864 | |
Marui Group Co. Ltd. | 17,100 | 309,030 | |
Maruichi Steel Tube Ltd. | 5,100 | 117,002 | |
Matsumotokiyoshi Holdings Co. Ltd. | 7,200 | 265,798 | |
Mazda Motor Corp. | 42,700 | 224,210 | |
McDonald's Holdings Co. (Japan) Ltd. | 4,500 | 213,396 | |
MCUBS MidCity Investment Corp. | 121 | 86,792 | |
Mebuki Financial Group, Inc. | 103,000 | 206,947 | |
Medipal Holdings Corp. | 14,800 | 263,823 | |
Meiji Holdings Co. Ltd. | 10,400 | 753,475 | |
Mercari, Inc. (a) | 7,500 | 315,318 | |
Minebea Mitsumi, Inc. | 30,200 | 545,453 | |
Misumi Group, Inc. | 20,000 | 593,991 | |
Mitsubishi Chemical Holdings Corp. | 108,000 | 607,841 | |
Mitsubishi Corp. | 103,600 | 2,311,458 | |
Mitsubishi Electric Corp. | 157,600 | 2,029,712 | |
Mitsubishi Estate Co. Ltd. | 101,300 | 1,510,978 | |
Mitsubishi Gas Chemical Co., Inc. | 14,400 | 262,503 | |
Mitsubishi Heavy Industries Ltd. | 25,700 | 552,171 | |
Mitsubishi Logistics Corp. | 5,600 | 147,377 | |
Mitsubishi Materials Corp. | 8,900 | 163,308 | |
Mitsubishi Motors Corp. of Japan | 41,900 | 76,846 | |
Mitsubishi UFJ Financial Group, Inc. | 943,700 | 3,719,975 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 46,500 | 197,020 | |
Mitsui & Co. Ltd. | 119,900 | 1,878,053 | |
Mitsui Chemicals, Inc. | 14,200 | 363,696 | |
Mitsui Fudosan Co. Ltd. | 72,800 | 1,239,607 | |
Mitsui Fudosan Logistics Park, Inc. | 43 | 205,449 | |
Mitsui OSK Lines Ltd. | 8,100 | 182,853 | |
Miura Co. Ltd. | 8,500 | 400,473 | |
Mizuho Financial Group, Inc. | 185,340 | 2,281,911 | |
MonotaRO Co. Ltd. | 8,700 | 481,212 | |
Mori Hills REIT Investment Corp. | 106 | 130,564 | |
Morinaga & Co. Ltd. | 3,100 | 117,785 | |
Morinaga Milk Industry Co. Ltd. | 3,000 | 144,638 | |
MS&AD Insurance Group Holdings, Inc. | 34,500 | 944,101 | |
Murata Manufacturing Co. Ltd. | 46,900 | 3,289,034 | |
Nabtesco Corp. | 9,500 | 354,903 | |
Nagoya Railroad Co. Ltd. | 14,000 | 373,173 | |
Nankai Electric Railway Co. Ltd. | 7,400 | 168,977 | |
NEC Corp. | 19,700 | 992,293 | |
New Hampshire Foods Ltd. | 7,300 | 299,030 | |
Nexon Co. Ltd. | 33,000 | 919,740 | |
NGK Insulators Ltd. | 21,000 | 299,999 | |
NGK Spark Plug Co. Ltd. | 11,700 | 205,767 | |
NHK Spring Co. Ltd. | 14,900 | 90,095 | |
Nichirei Corp. | 10,300 | 259,547 | |
Nidec Corp. | 40,100 | 4,050,183 | |
Nifco, Inc. | 7,000 | 209,525 | |
Nihon Kohden Corp. | 6,800 | 212,695 | |
Nihon M&A Center, Inc. | 10,700 | 628,321 | |
Nihon Unisys Ltd. | 5,300 | 156,225 | |
Nikon Corp. | 26,100 | 159,063 | |
Nintendo Co. Ltd. | 8,700 | 4,703,993 | |
Nippon Accommodations Fund, Inc. | 32 | 183,317 | |
Nippon Building Fund, Inc. | 116 | 585,893 | |
Nippon Express Co. Ltd. | 6,800 | 381,341 | |
Nippon Kayaku Co. Ltd. | 18,300 | 157,485 | |
Nippon Paint Holdings Co. Ltd. | 14,600 | 1,315,167 | |
Nippon REIT Investment Corp. | 30 | 96,324 | |
Nippon Shinyaku Co. Ltd. | 4,700 | 335,844 | |
Nippon Shokubai Co. Ltd. | 2,300 | 112,628 | |
Nippon Steel & Sumitomo Metal Corp. | 70,100 | 679,909 | |
Nippon Suisan Kaisha Co. Ltd. | 22,500 | 86,674 | |
Nippon Telegraph & Telephone Corp. | 174,000 | 3,660,237 | |
Nippon Yusen KK | 13,300 | 245,486 | |
Nishi-Nippon Railroad Co. Ltd. | 5,300 | 140,034 | |
Nissan Chemical Corp. | 10,800 | 573,163 | |
Nissan Motor Co. Ltd. | 182,800 | 647,210 | |
Nisshin Seifun Group, Inc. | 18,900 | 284,612 | |
Nissin Food Holdings Co. Ltd. | 6,200 | 536,855 | |
Nitori Holdings Co. Ltd. | 6,300 | 1,295,007 | |
Nitto Denko Corp. | 11,700 | 821,993 | |
NKSJ Holdings, Inc. | 27,500 | 1,026,736 | |
NOF Corp. | 5,600 | 210,461 | |
Nomura Holdings, Inc. | 219,300 | 982,122 | |
Nomura Real Estate Holdings, Inc. | 8,300 | 144,971 | |
Nomura Real Estate Master Fund, Inc. | 343 | 409,594 | |
Nomura Research Institute Ltd. | 28,700 | 846,004 | |
NSK Ltd. | 36,100 | 289,019 | |
NTT Data Corp. | 48,400 | 546,253 | |
NTT DOCOMO, Inc. | 77,800 | 2,896,898 | |
Obayashi Corp. | 51,300 | 429,296 | |
OBIC Co. Ltd. | 4,800 | 849,807 | |
Odakyu Electric Railway Co. Ltd. | 26,100 | 629,859 | |
Oji Holdings Corp. | 74,200 | 312,710 | |
Olympus Corp. | 94,400 | 1,807,201 | |
OMRON Corp. | 15,000 | 1,083,091 | |
Ono Pharmaceutical Co. Ltd. | 35,900 | 1,024,055 | |
Oracle Corp. Japan | 2,400 | 239,856 | |
Oriental Land Co. Ltd. | 16,700 | 2,337,634 | |
ORIX Corp. | 97,600 | 1,141,455 | |
ORIX JREIT, Inc. | 196 | 275,460 | |
Osaka Gas Co. Ltd. | 31,300 | 594,394 | |
Otsuka Corp. | 7,600 | 349,233 | |
Otsuka Holdings Co. Ltd. | 40,500 | 1,499,980 | |
Pan Pacific International Holdings Ltd. | 44,200 | 937,855 | |
Panasonic Corp. | 172,200 | 1,590,703 | |
Park24 Co. Ltd. | 7,500 | 101,309 | |
Penta-Ocean Construction Co. Ltd. | 19,900 | 126,190 | |
PeptiDream, Inc. (a) | 7,000 | 323,492 | |
Persol Holdings Co., Ltd. | 14,700 | 222,649 | |
Pigeon Corp. | 9,000 | 414,464 | |
Pola Orbis Holdings, Inc. | 5,700 | 112,399 | |
Premier Investment Corp. | 91 | 100,098 | |
Rakuten, Inc. | 60,700 | 590,562 | |
Recruit Holdings Co. Ltd. | 124,200 | 4,725,894 | |
Relo Group, Inc. | 8,400 | 201,590 | |
Renesas Electronics Corp. (a) | 73,500 | 606,717 | |
Rengo Co. Ltd. | 16,700 | 128,489 | |
Resona Holdings, Inc. | 165,000 | 544,001 | |
Ricoh Co. Ltd. | 51,100 | 335,585 | |
Rinnai Corp. | 3,100 | 305,463 | |
ROHM Co. Ltd. | 6,300 | 484,388 | |
Rohto Pharmaceutical Co. Ltd. | 8,000 | 250,104 | |
Ryohin Keikaku Co. Ltd. | 19,100 | 400,896 | |
Sankyo Co. Ltd. (Gunma) | 22 | 561 | |
Sankyu, Inc. | 5,200 | 186,273 | |
Santen Pharmaceutical Co. Ltd. | 30,600 | 545,170 | |
Sanwa Holdings Corp. | 16,400 | 187,073 | |
Sapporo Holdings Ltd. | 5,400 | 88,176 | |
Sawai Pharmaceutical Co. Ltd. | 2,900 | 139,779 | |
SBI Holdings, Inc. Japan | 18,000 | 414,923 | |
Screen Holdings Co. Ltd. | 3,200 | 175,275 | |
SCSK Corp. | 3,700 | 183,970 | |
Secom Co. Ltd. | 16,000 | 1,351,662 | |
Sega Sammy Holdings, Inc. | 12,200 | 152,885 | |
Seibu Holdings, Inc. | 18,000 | 179,962 | |
Seiko Epson Corp. | 22,500 | 261,308 | |
Seino Holdings Co. Ltd. | 11,300 | 146,023 | |
Sekisui Chemical Co. Ltd. | 33,100 | 515,973 | |
Sekisui House (REIT), Inc. | 386 | 269,929 | |
Sekisui House Ltd. | 49,900 | 829,004 | |
Seven & i Holdings Co. Ltd. | 58,600 | 1,781,128 | |
Seven Bank Ltd. | 50,000 | 114,747 | |
SG Holdings Co. Ltd. | 36,600 | 882,808 | |
Sharp Corp. | 13,600 | 157,265 | |
Shikoku Electric Power Co., Inc. | 14,500 | 104,218 | |
Shimadzu Corp. | 19,800 | 566,148 | |
Shimamura Co. Ltd. | 2,000 | 213,221 | |
SHIMANO, Inc. | 6,300 | 1,440,908 | |
SHIMIZU Corp. | 52,400 | 363,832 | |
Shin-Etsu Chemical Co. Ltd. | 28,900 | 3,860,082 | |
Shinsei Bank Ltd. | 13,400 | 161,223 | |
Shionogi & Co. Ltd. | 20,300 | 957,550 | |
Ship Healthcare Holdings, Inc. | 2,900 | 137,612 | |
Shiseido Co. Ltd. | 29,300 | 1,813,876 | |
Shizuoka Bank Ltd. | 38,100 | 256,251 | |
SHO-BOND Holdings Co. Ltd. | 3,300 | 159,285 | |
Shochiku Co. Ltd. | 1,000 | 115,784 | |
Showa Denko K.K. | 10,800 | 183,640 | |
Skylark Co. Ltd. | 13,000 | 185,416 | |
SMC Corp. | 4,600 | 2,446,766 | |
SoftBank Corp. | 116,000 | 1,349,947 | |
SoftBank Group Corp. | 120,700 | 7,861,651 | |
Sohgo Security Services Co., Ltd. | 7,000 | 326,164 | |
Sojitz Corp. | 71,600 | 157,551 | |
Sony Corp. | 92,400 | 7,703,063 | |
Sotetsu Holdings, Inc. | 6,800 | 167,814 | |
Square Enix Holdings Co. Ltd. | 6,600 | 383,478 | |
Stanley Electric Co. Ltd. | 11,000 | 313,278 | |
Subaru Corp. | 46,200 | 847,908 | |
Sugi Holdings Co. Ltd. | 2,600 | 171,691 | |
Sumco Corp. | 19,600 | 298,937 | |
Sumitomo Chemical Co. Ltd. | 122,500 | 400,720 | |
Sumitomo Corp. | 87,900 | 961,677 | |
Sumitomo Electric Industries Ltd. | 61,000 | 673,445 | |
Sumitomo Forestry Co. Ltd. | 11,400 | 179,579 | |
Sumitomo Heavy Industries Ltd. | 9,000 | 192,900 | |
Sumitomo Metal Mining Co. Ltd. | 20,300 | 631,000 | |
Sumitomo Mitsui Financial Group, Inc. | 100,600 | 2,784,800 | |
Sumitomo Mitsui Trust Holdings, Inc. | 28,500 | 766,292 | |
Sumitomo Realty & Development Co. Ltd. | 35,700 | 955,309 | |
Sumitomo Rubber Industries Ltd. | 11,800 | 103,795 | |
Sundrug Co. Ltd. | 4,600 | 170,806 | |
Suntory Beverage & Food Ltd. | 9,000 | 310,390 | |
Suzuken Co. Ltd. | 5,600 | 202,164 | |
Suzuki Motor Corp. | 35,600 | 1,528,938 | |
Sysmex Corp. | 12,100 | 1,136,538 | |
T&D Holdings, Inc. | 42,800 | 427,747 | |
Taiheiyo Cement Corp. | 10,100 | 237,068 | |
Taisei Corp. | 16,100 | 500,999 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 4,700 | 282,791 | |
Taiyo Nippon Sanso Corp. | 16,600 | 243,383 | |
Taiyo Yuden Co. Ltd. | 9,900 | 366,170 | |
Takara Holdings, Inc. | 14,700 | 148,180 | |
Takashimaya Co. Ltd. | 12,300 | 91,943 | |
Takeda Pharmaceutical Co. Ltd. | 116,084 | 3,587,299 | |
TDK Corp. | 9,500 | 1,117,207 | |
TechnoPro Holdings, Inc. | 2,400 | 149,274 | |
Teijin Ltd. | 13,100 | 200,665 | |
Terumo Corp. | 52,900 | 1,946,932 | |
The Chugoku Bank Ltd. | 13,100 | 113,488 | |
The Hachijuni Bank Ltd. | 34,100 | 125,934 | |
THK Co. Ltd. | 9,400 | 249,522 | |
Tobu Railway Co. Ltd. | 16,200 | 459,697 | |
Toho Co. Ltd. | 11,200 | 443,529 | |
Toho Gas Co. Ltd. | 7,400 | 382,001 | |
Tohoku Electric Power Co., Inc. | 36,300 | 320,278 | |
Tokai Carbon Co. Ltd. | 13,900 | 157,781 | |
Tokio Marine Holdings, Inc. | 51,500 | 2,301,778 | |
Tokuyama Corp. | 4,400 | 98,061 | |
Tokyo Century Corp. | 3,900 | 191,211 | |
Tokyo Electric Power Co., Inc. (a) | 51,400 | 132,631 | |
Tokyo Electron Ltd. | 11,500 | 3,086,725 | |
Tokyo Gas Co. Ltd. | 28,600 | 648,063 | |
Tokyo Tatemono Co. Ltd. | 14,700 | 169,068 | |
Tokyu Corp. | 39,800 | 472,213 | |
Tokyu Fudosan Holdings Corp. | 40,300 | 176,104 | |
Tokyu REIT, Inc. | 63 | 85,662 | |
Toppan Printing Co. Ltd. | 25,300 | 321,725 | |
Toray Industries, Inc. | 124,800 | 564,708 | |
Toshiba Corp. | 31,400 | 794,290 | |
Tosoh Corp. | 24,700 | 400,378 | |
Toto Ltd. | 11,400 | 520,473 | |
Toyo Seikan Group Holdings Ltd. | 10,400 | 97,161 | |
Toyo Suisan Kaisha Ltd. | 7,700 | 383,197 | |
Toyo Tire Corp. | 10,000 | 148,347 | |
Toyota Industries Corp. | 15,100 | 975,813 | |
Toyota Motor Corp. | 185,900 | 12,203,760 | |
Toyota Tsusho Corp. | 16,700 | 466,019 | |
Trend Micro, Inc. | 10,200 | 571,354 | |
Tsumura & Co. | 4,800 | 140,886 | |
Tsuruha Holdings, Inc. | 2,700 | 378,068 | |
Ube Industries Ltd. | 6,600 | 113,308 | |
Unicharm Corp. | 32,200 | 1,489,923 | |
United Urban Investment Corp. | 247 | 263,715 | |
Ushio, Inc. | 8,600 | 96,068 | |
USS Co. Ltd. | 19,500 | 356,666 | |
Welcia Holdings Co. Ltd. | 7,000 | 274,339 | |
West Japan Railway Co. | 13,600 | 583,402 | |
Workman Co. Ltd. | 1,600 | 141,872 | |
Yakult Honsha Co. Ltd. | 11,600 | 561,360 | |
Yamada Holdings Co. Ltd. | 54,800 | 267,194 | |
Yamaha Corp. | 12,000 | 568,862 | |
Yamaha Motor Co. Ltd. | 23,100 | 330,284 | |
Yamato Holdings Co. Ltd. | 26,500 | 701,467 | |
Yamazaki Baking Co. Ltd. | 14,200 | 233,247 | |
Yaskawa Electric Corp. | 19,800 | 769,900 | |
Yokogawa Electric Corp. | 16,800 | 246,983 | |
Yokohama Rubber Co. Ltd. | 9,300 | 133,589 | |
Z Holdings Corp. | 191,400 | 1,334,644 | |
Zenkoku Hosho Co. Ltd. | 3,600 | 141,977 | |
Zensho Holdings Co. Ltd. | 5,900 | 137,878 | |
Zeon Corp. | 13,000 | 158,164 | |
Zozo, Inc. | 6,900 | 175,039 | |
TOTAL JAPAN | 298,727,946 | ||
Korea (South) - 3.6% | |||
Alteogen, Inc. | 1,529 | 215,157 | |
AMOREPACIFIC Corp. | 2,166 | 303,624 | |
AMOREPACIFIC Group, Inc. | 2,063 | 79,625 | |
BGF Retail Co. Ltd. | 611 | 63,398 | |
BS Financial Group, Inc. | 21,212 | 103,394 | |
Bukwang Pharmaceutical Co. Ltd. | 135 | 2,775 | |
Celltrion Healthcare Co. Ltd. | 6,552 | 490,436 | |
Celltrion Pharm, Inc. | 30 | 2,896 | |
Celltrion, Inc. (a) | 7,154 | 1,524,198 | |
Cheil Industries, Inc. | 6,568 | 641,962 | |
Cheil Worldwide, Inc. | 4,911 | 90,686 | |
CJ CheilJedang Corp. | 670 | 213,807 | |
CJ Corp. | 935 | 62,727 | |
CJ O Shopping Co. Ltd. | 765 | 89,186 | |
Com2uS Corp. | 690 | 67,901 | |
Coway Co. Ltd. | 4,237 | 258,873 | |
Daelim Industrial Co. | 1,879 | 129,582 | |
Daewoo Engineering & Construction Co. Ltd. (a) | 14,810 | 39,321 | |
Daewoo Shipbuilding & Marine Engineering Co. Ltd. (a) | 2,755 | 52,219 | |
Db Insurance Co. Ltd. | 3,666 | 143,012 | |
DGB Financial Group Co. Ltd. | 12,317 | 67,490 | |
Dongbu HiTek Co. Ltd. | 2,328 | 65,953 | |
Doosan Bobcat, Inc. | 3,433 | 87,535 | |
DuzonBizon Co. Ltd. | 1,362 | 119,819 | |
E-Mart Co. Ltd. | 1,525 | 191,573 | |
EO Technics Co. Ltd. | 587 | 45,702 | |
F&F Co. Ltd. | 553 | 44,554 | |
Fila Holdings Corp. | 3,298 | 112,287 | |
GemVax & Kael Co. Ltd. (a) | 2,344 | 44,544 | |
Genexine Co. Ltd. (a) | 1,280 | 127,758 | |
GS Engineering & Construction Corp. | 5,040 | 119,323 | |
GS Holdings Corp. | 3,573 | 104,204 | |
GS Retail Co. Ltd. | 1,966 | 55,706 | |
Hana Financial Group, Inc. | 21,833 | 588,470 | |
Hanjin Kal Corp. | 1,287 | 84,537 | |
Hankook Tire Co. Ltd. | 5,225 | 146,053 | |
Hanmi Pharm Co. Ltd. | 495 | 114,910 | |
Hanmi Science Co. Ltd. | 2,277 | 107,230 | |
Hanon Systems | 10,747 | 106,335 | |
Hansol Chemical Co. Ltd. | 619 | 77,055 | |
Hanssem Co. Ltd. | 903 | 75,330 | |
Hanwha Aerospace Co. Ltd. (a) | 2,401 | 53,511 | |
Hanwha Corp. | 3,545 | 75,435 | |
Hanwha Solutions Corp. | 7,001 | 271,543 | |
HDC Hyundai Development Co. | 3,825 | 66,922 | |
Hite Jinro Co. Ltd. | 2,121 | 62,844 | |
HLB Life Science Co. Ltd. (a) | 2,702 | 62,905 | |
HLB, Inc. | 3,406 | 278,629 | |
Hotel Shilla Co. | 2,388 | 157,071 | |
HUGEL, Inc. | 564 | 104,812 | |
Hyundai Department Store Co. Ltd. | 1,208 | 63,306 | |
Hyundai Elevator Co. Ltd. | 1,872 | 61,584 | |
Hyundai Engineering & Construction Co. Ltd. | 4,953 | 134,728 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 4,113 | 84,528 | |
Hyundai Glovis Co. Ltd. | 1,640 | 243,195 | |
Hyundai Heavy Industries Co. Ltd. (a) | 3,501 | 243,589 | |
Hyundai Merchant Marine Co. Ltd. (a) | 19,578 | 155,669 | |
Hyundai Mipo Dockyard Co. Ltd. | 1,670 | 41,467 | |
Hyundai Mobis | 4,939 | 987,425 | |
Hyundai Motor Co. | 10,767 | 1,572,573 | |
Hyundai Robotics Co. Ltd. | 641 | 121,716 | |
Hyundai Steel Co. | 5,697 | 146,140 | |
Iljin Materials Co. Ltd. | 1,399 | 53,057 | |
Industrial Bank of Korea | 25,087 | 181,747 | |
INNOCEAN Worldwide, Inc. | 964 | 50,166 | |
ITM Semiconductor Co. Ltd. (a) | 824 | 33,790 | |
Kakao Corp. | 4,403 | 1,281,058 | |
Kangwon Land, Inc. | 7,514 | 139,899 | |
KB Financial Group, Inc. | 28,281 | 1,009,386 | |
KCC Corp. | 342 | 46,311 | |
Kia Motors Corp. | 19,408 | 868,523 | |
KMW Co. Ltd. (a) | 1,676 | 92,697 | |
Koh Young Technology, Inc. | 804 | 56,457 | |
Korea Aerospace Industries Ltd. | 5,384 | 104,026 | |
Korea Electric Power Corp. (a) | 23,050 | 405,696 | |
Korea Express Co. Ltd. (a) | 621 | 87,453 | |
Korea Gas Corp. | 3,144 | 75,878 | |
Korea Investment Holdings Co. Ltd. | 2,817 | 171,690 | |
Korea Zinc Co. Ltd. | 967 | 326,329 | |
Korean Air Lines Co. Ltd. (a) | 10,322 | 182,879 | |
Korean Reinsurance Co. | 8,526 | 55,804 | |
KT&G Corp. | 9,189 | 654,693 | |
Kumho Petro Chemical Co. Ltd. | 1,264 | 149,188 | |
LG Chemical Ltd. | 3,445 | 1,874,373 | |
LG Corp. | 9,564 | 571,427 | |
LG Display Co. Ltd. (a) | 15,169 | 188,992 | |
LG Electronics, Inc. | 8,002 | 593,559 | |
LG Household & Health Care Ltd. | 669 | 885,067 | |
LG Innotek Co. Ltd. | 1,002 | 135,540 | |
LG Telecom Ltd. | 22,671 | 221,452 | |
Lotte Chemical Corp. | 1,136 | 234,426 | |
Lotte Confectionery Co. Ltd. | 2,876 | 72,336 | |
Lotte Shopping Co. Ltd. | 891 | 65,835 | |
LS Cable Ltd. | 1,956 | 89,407 | |
Mando Corp. | 2,395 | 75,957 | |
MedPacto, Inc. | 1,376 | 130,373 | |
Medy-Tox, Inc. | 389 | 63,480 | |
Meritz Securities Co. Ltd. | 20,509 | 59,739 | |
Mezzion Pharma Co. Ltd. (a) | 483 | 75,957 | |
Mirae Asset Daewoo Co. Ltd. | 25,439 | 189,115 | |
NAVER Corp. | 10,617 | 2,710,622 | |
NCSOFT Corp. | 1,149 | 787,728 | |
Netmarble Corp. (a)(b) | 1,940 | 201,105 | |
Nong Shim Co. Ltd. | 271 | 68,823 | |
Oci Co. Ltd. (a) | 1,423 | 78,176 | |
Orion Corp./Republic of Korea | 1,575 | 150,583 | |
Ottogi Corp. | 155 | 72,505 | |
Paradise Co. Ltd. | 4,130 | 46,510 | |
Pearl Abyss Corp. (a) | 468 | 83,049 | |
POSCO | 5,783 | 1,065,224 | |
POSCO Chemtech Co. Ltd. | 1,675 | 109,869 | |
S-Oil Corp. | 2,720 | 131,069 | |
S1 Corp. | 1,262 | 90,501 | |
Samsung Biologics Co. Ltd. (a)(b) | 1,216 | 733,213 | |
Samsung Electro-Mechanics Co. Ltd. | 4,323 | 512,696 | |
Samsung Electronics Co. Ltd. | 373,619 | 18,738,990 | |
Samsung Engineering Co. Ltd. (a) | 11,199 | 116,844 | |
Samsung Fire & Marine Insurance Co. Ltd. | 2,388 | 376,753 | |
Samsung Heavy Industries Co. Ltd. (a) | 34,493 | 154,705 | |
Samsung Life Insurance Co. Ltd. | 6,488 | 362,351 | |
Samsung SDI Co. Ltd. | 4,046 | 1,590,369 | |
Samsung SDS Co. Ltd. | 2,915 | 434,032 | |
Samsung Securities Co. Ltd. | 4,571 | 129,921 | |
Shinhan Financial Group Co. Ltd. | 33,949 | 919,093 | |
Shinsegae Co. Ltd. | 502 | 92,390 | |
SillaJen, Inc. (a)(c) | 4,518 | 48,072 | |
SK C&C Co. Ltd. | 2,514 | 408,503 | |
SK Energy Co. Ltd. | 3,845 | 428,826 | |
SK Hynix, Inc. | 39,600 | 2,803,174 | |
SK Telecom Co. Ltd. | 3,712 | 702,358 | |
SKC Co. Ltd. | 1,362 | 88,686 | |
Soulbrain Co. Ltd. (a) | 337 | 64,812 | |
Soulbrain Holdings Co. Ltd. | 416 | 15,823 | |
STX Pan Ocean Co. Ltd. (Korea) (a) | 13,994 | 44,458 | |
ViroMed Co. Ltd. | 1,608 | 26,292 | |
WONIK IPS Co. Ltd. (a) | 1,999 | 56,904 | |
Woori Financial Group, Inc. | 41,212 | 324,680 | |
Woori Investment & Securities Co. Ltd. | 10,168 | 85,957 | |
Yuhan Corp. | 3,460 | 181,683 | |
TOTAL KOREA (SOUTH) | 58,641,850 | ||
Kuwait - 0.2% | |||
Agility Public Warehousing Co. KSC | 90,437 | 196,962 | |
Boubyan Bank KSC | 61,257 | 119,790 | |
Gulf Bank | 127,194 | 91,922 | |
Kuwait Finance House KSCP | 329,512 | 713,332 | |
Mobile Telecommunication Co. | 159,594 | 305,828 | |
National Bank of Kuwait | 505,080 | 1,395,659 | |
TOTAL KUWAIT | 2,823,493 | ||
Luxembourg - 0.3% | |||
Aperam | 3,320 | 89,242 | |
ArcelorMittal SA (Netherlands) (a) | 50,884 | 690,521 | |
Aroundtown SA | 90,445 | 433,671 | |
B&M European Value Retail SA | 58,633 | 368,249 | |
Globant SA (a) | 2,673 | 482,771 | |
Millicom International Cellular SA (depository receipt) | 7,132 | 210,793 | |
RTL Group SA | 2,576 | 97,865 | |
SES SA (France) (depositary receipt) | 29,022 | 231,668 | |
Spotify Technology SA (a) | 8,438 | 2,024,192 | |
Subsea 7 SA (a) | 17,658 | 116,306 | |
Tenaris SA | 39,465 | 188,328 | |
TOTAL LUXEMBOURG | 4,933,606 | ||
Malaysia - 0.5% | |||
AMMB Holdings Bhd | 132,800 | 91,169 | |
Axiata Group Bhd | 312,828 | 220,672 | |
Bumiputra-Commerce Holdings Bhd | 510,083 | 362,152 | |
Dialog Group Bhd | 293,700 | 261,672 | |
DiGi.com Bhd | 229,500 | 208,286 | |
Fraser & Neave Holdings BHD | 12,800 | 97,385 | |
Gamuda Bhd | 185,900 | 149,047 | |
Genting Bhd | 160,300 | 114,313 | |
Genting Malaysia Bhd | 203,900 | 98,208 | |
Hartalega Holdings Bhd | 124,500 | 540,256 | |
Hong Leong Bank Bhd | 55,200 | 196,841 | |
IHH Healthcare Bhd | 216,500 | 259,219 | |
IJM Corp. Bhd | 215,400 | 69,479 | |
Inari Amertron Bhd | 166,900 | 102,185 | |
IOI Corp. Bhd | 214,500 | 222,200 | |
KLCC Property Holdings Bhd | 25,700 | 47,008 | |
Kuala Lumpur Kepong Bhd | 38,520 | 196,559 | |
Malayan Banking Bhd | 486,143 | 818,779 | |
Malaysia Airports Holdings Bhd | 68,400 | 68,885 | |
Maxis Bhd | 162,300 | 187,531 | |
MISC Bhd | 135,900 | 215,655 | |
Nestle (Malaysia) BHD | 4,200 | 140,878 | |
Petronas Chemicals Group Bhd | 188,900 | 266,260 | |
Petronas Dagangan Bhd | 30,600 | 126,922 | |
Petronas Gas Bhd | 52,200 | 198,095 | |
PPB Group Bhd | 47,800 | 216,465 | |
Press Metal Bhd | 109,900 | 145,402 | |
Public Bank Bhd | 217,700 | 790,150 | |
QL Resources Bhd | 79,200 | 120,085 | |
RHB Capital Bhd | 163,500 | 166,464 | |
Sime Darby Bhd | 210,700 | 122,258 | |
Sime Darby Plantation Bhd | 205,500 | 239,418 | |
Telekom Malaysia Bhd | 115,400 | 116,366 | |
Tenaga Nasional Bhd | 249,900 | 573,826 | |
Top Glove Corp. Bhd | 331,000 | 682,942 | |
Westports Holdings Bhd | 81,100 | 76,100 | |
Yinson Holdings Bhd | 35,400 | 39,028 | |
TOTAL MALAYSIA | 8,548,160 | ||
Mexico - 0.5% | |||
Alfa SA de CV Series A | 196,100 | 131,001 | |
Alsea S.A.B. de CV (a) | 37,300 | 32,092 | |
America Movil S.A.B. de CV Series L | 1,743,100 | 1,060,907 | |
Banco Santander Mexico SA | 59 | 44 | |
CEMEX S.A.B. de CV unit | 1,093,700 | 451,680 | |
Coca-Cola FEMSA S.A.B. de CV unit | 35,400 | 134,047 | |
Concentradora Fibra Danhos SA de CV | 49,800 | 45,077 | |
Embotelladoras Arca S.A.B. de CV | 30,100 | 131,048 | |
Fibra Uno Administracion SA de CV | 197,900 | 149,931 | |
Fomento Economico Mexicano S.A.B. de CV unit | 135,200 | 724,649 | |
Gruma S.A.B. de CV Series B | 15,980 | 169,967 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 31,500 | 262,155 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B (a) | 13,490 | 155,827 | |
Grupo Aeroportuario Norte S.A.B. de CV (a) | 22,200 | 100,181 | |
Grupo Bimbo S.A.B. de CV Series A | 96,200 | 185,901 | |
Grupo Carso SA de CV Series A1 | 34,500 | 63,888 | |
Grupo Elektra SA de CV | 5,005 | 283,580 | |
Grupo Financiero Banorte S.A.B. de CV Series O (a) | 184,700 | 822,863 | |
Grupo Financiero Inbursa S.A.B. de CV Series O (a) | 153,200 | 113,465 | |
Grupo Mexico SA de CV Series B | 242,600 | 689,091 | |
Grupo Televisa SA de CV (a) | 195,500 | 247,284 | |
Industrias Penoles SA de CV | 8,290 | 132,005 | |
Infraestructura Energetica Nova S.A.B. de CV | 34,900 | 116,786 | |
Kimberly-Clark de Mexico SA de CV Series A | 94,200 | 140,024 | |
Mexichem S.A.B. de CV | 68,300 | 120,780 | |
Promotora y Operadora de Infraestructura S.A.B. de CV | 16,470 | 107,898 | |
Wal-Mart de Mexico SA de CV Series V | 368,800 | 891,073 | |
TOTAL MEXICO | 7,463,244 | ||
Multi-National - 0.0% | |||
HKT Trust/HKT Ltd. unit | 270,000 | 348,971 | |
Netherlands - 3.5% | |||
ABN AMRO Group NV GDR (a)(b) | 31,308 | 256,917 | |
Adyen BV (a)(b) | 2,202 | 3,700,998 | |
AerCap Holdings NV (a) | 9,786 | 242,986 | |
Airbus Group NV | 44,892 | 3,284,572 | |
Akzo Nobel NV | 14,258 | 1,373,281 | |
Argenx SE (a) | 3,441 | 858,673 | |
ASM International NV (Netherlands) | 2,769 | 396,020 | |
ASML Holding NV (Netherlands) | 31,109 | 11,255,333 | |
CNH Industrial NV | 73,177 | 567,602 | |
Euronext NV (b) | 4,526 | 472,036 | |
EXOR NV | 8,420 | 437,363 | |
Ferrari NV | 9,291 | 1,657,200 | |
Fiat Chrysler Automobiles NV (Italy) | 81,189 | 996,817 | |
Heineken Holding NV | 7,477 | 577,782 | |
Heineken NV (Bearer) | 17,308 | 1,536,021 | |
ING Groep NV (Certificaten Van Aandelen) | 286,015 | 1,959,123 | |
JDE Peet's BV | 4,917 | 175,233 | |
Koninklijke Ahold Delhaize NV | 80,362 | 2,207,873 | |
Koninklijke DSM NV | 13,263 | 2,123,156 | |
Koninklijke KPN NV | 260,350 | 703,148 | |
Koninklijke Philips Electronics NV | 66,688 | 3,088,773 | |
NN Group NV | 23,603 | 823,028 | |
NXP Semiconductors NV | 20,485 | 2,767,933 | |
Prosus NV | 30,913 | 3,086,230 | |
QIAGEN NV (Germany) (a) | 16,554 | 786,030 | |
Randstad NV | 9,280 | 463,769 | |
STMicroelectronics NV (Italy) | 47,957 | 1,463,029 | |
Takeaway.com Holding BV (a)(b) | 5,897 | 656,026 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit | 10,290 | 418,250 | |
Unilever NV | 106,767 | 6,037,007 | |
Wolters Kluwer NV | 20,085 | 1,627,615 | |
X5 Retail Group NV GDR (Reg. S) | 8,044 | 282,666 | |
Yandex NV Series A (a)(d) | 23,157 | 1,333,148 | |
TOTAL NETHERLANDS | 57,615,638 | ||
New Zealand - 0.3% | |||
Auckland International Airport Ltd. | 86,550 | 400,370 | |
Chorus Ltd. | 31,051 | 172,668 | |
Contact Energy Ltd. | 54,397 | 265,202 | |
Fisher & Paykel Healthcare Corp. | 42,195 | 976,156 | |
Fletcher Building Ltd. (a) | 65,393 | 177,092 | |
Goodman Property Trust | 76,391 | 125,301 | |
Infratil Ltd. | 57,211 | 204,872 | |
Kiwi Property Group Ltd. | 103,666 | 84,273 | |
Mercury Nz Ltd. | 41,735 | 147,548 | |
Meridian Energy Ltd. | 89,073 | 312,186 | |
Ryman Healthcare Group Ltd. | 32,534 | 301,072 | |
Spark New Zealand Ltd. | 133,037 | 394,810 | |
The a2 Milk Co. Ltd. (a) | 55,067 | 533,223 | |
Xero Ltd. (a) | 8,510 | 660,193 | |
TOTAL NEW ZEALAND | 4,754,966 | ||
Norway - 0.4% | |||
Adevinta ASA Class B (a) | 16,419 | 253,681 | |
Aker ASA (A Shares) | 1,653 | 65,901 | |
Aker Bp ASA | 7,186 | 111,629 | |
DNB ASA | 64,830 | 873,984 | |
Entra ASA (b) | 17,230 | 224,881 | |
Equinor ASA | 79,303 | 1,007,211 | |
Gjensidige Forsikring ASA | 14,659 | 278,388 | |
Kongsberg Gruppen ASA | 5,869 | 95,044 | |
Leroy Seafood Group ASA | 18,204 | 85,503 | |
Mowi ASA | 33,769 | 532,888 | |
Nordic VLSI ASA (a) | 11,878 | 124,918 | |
Norsk Hydro ASA | 104,969 | 293,906 | |
Norwegian Finans Holding ASA | 9,886 | 70,831 | |
Orkla ASA | 60,608 | 571,883 | |
Salmar ASA (a) | 3,971 | 200,699 | |
Scatec Solar AS (b) | 8,513 | 187,263 | |
Schibsted ASA: | |||
(A Shares) | 4,638 | 189,083 | |
(B Shares) | 8,777 | 314,980 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) (a) | 12,288 | 97,566 | |
Sparebanken Midt-Norge | 9,194 | 78,875 | |
Storebrand ASA (A Shares) | 31,067 | 163,037 | |
Telenor ASA | 45,663 | 704,079 | |
TGS Nopec Geophysical Co. ASA | 8,061 | 74,305 | |
Tomra Systems ASA | 8,143 | 328,137 | |
Veidekke ASA | 6,870 | 78,871 | |
Yara International ASA | 12,405 | 432,053 | |
TOTAL NORWAY | 7,439,596 | ||
Pakistan - 0.0% | |||
Engro Corp. Ltd. | 25,630 | 48,655 | |
Lucky Cement Ltd. | 15,550 | 65,324 | |
Pakistan Petroleum Ltd. | 52,631 | 27,219 | |
TOTAL PAKISTAN | 141,198 | ||
Papua New Guinea - 0.0% | |||
Oil Search Ltd. ADR | 137,569 | 248,376 | |
Peru - 0.0% | |||
Compania de Minas Buenaventura SA sponsored ADR | 16,357 | 200,700 | |
Philippines - 0.3% | |||
Ayala Corp. | 23,490 | 369,082 | |
Ayala Land, Inc. | 597,000 | 405,161 | |
Bank of the Philippine Islands (BPI) | 163,370 | 247,011 | |
BDO Unibank, Inc. | 151,690 | 276,911 | |
GT Capital Holdings, Inc. | 6,242 | 55,225 | |
International Container Terminal Services, Inc. | 67,220 | 158,923 | |
JG Summit Holdings, Inc. | 255,255 | 337,512 | |
Jollibee Food Corp. | 51,910 | 181,494 | |
Metropolitan Bank & Trust Co. | 185,514 | 155,452 | |
Philippine Long Distance Telephone Co. | 8,330 | 226,502 | |
SM Investments Corp. | 48,725 | 952,598 | |
SM Prime Holdings, Inc. | 825,000 | 572,664 | |
Universal Robina Corp. | 73,600 | 208,673 | |
TOTAL PHILIPPINES | 4,147,208 | ||
Poland - 0.1% | |||
Bank Millennium SA (a) | 39,819 | 21,727 | |
Bank Polska Kasa Opieki SA (a) | 14,358 | 153,315 | |
Bank Zachodni WBK SA (a) | 2,269 | 70,501 | |
BRE Bank SA | 862 | 25,151 | |
CD Projekt RED SA (a) | 4,837 | 409,824 | |
Cyfrowy Polsat SA | 17,210 | 107,296 | |
Dino Polska SA (a)(b) | 3,608 | 198,146 | |
Grupa Lotos SA | 5,773 | 40,659 | |
KGHM Polska Miedz SA (Bearer) (a) | 10,557 | 315,089 | |
LPP SA (a) | 83 | 109,867 | |
Orange Polska SA (a) | 44,420 | 68,225 | |
Polish Oil & Gas Co. SA | 110,255 | 116,143 | |
Polska Grupa Energetyczna SA (a) | 52,031 | 59,278 | |
Polski Koncern Naftowy Orlen SA | 22,565 | 217,179 | |
Powszechna Kasa Oszczednosci Bank SA (a) | 65,161 | 312,011 | |
Powszechny Zaklad Ubezpieczen SA (a) | 37,024 | 202,021 | |
TOTAL POLAND | 2,426,432 | ||
Portugal - 0.1% | |||
Banco Comercial Portugues SA (Reg.) (a) | 521,726 | 45,815 | |
Energias de Portugal SA | 205,205 | 1,011,414 | |
Galp Energia SGPS SA Class B | 34,505 | 280,222 | |
Jeronimo Martins SGPS SA | 17,682 | 280,893 | |
NOS SGPS | 16,603 | 57,005 | |
REN - Redes Energeticas Nacionais SGPS SA | 20,963 | 55,055 | |
TOTAL PORTUGAL | 1,730,404 | ||
Qatar - 0.2% | |||
Industries Qatar QSC (a) | 148,771 | 368,352 | |
Masraf al Rayan | 380,190 | 448,480 | |
Mesaieed Petrochemical Holding Co. | 284,423 | 144,907 | |
Qatar Fuel Co. | 52,690 | 248,906 | |
Qatar International Islamic Bank QSC | 78,032 | 177,903 | |
Qatar Islamic Bank | 109,991 | 489,386 | |
Qatar National Bank SAQ | 321,944 | 1,565,067 | |
The Commercial Bank of Qatar | 223,565 | 260,959 | |
TOTAL QATAR | 3,703,960 | ||
Russia - 0.6% | |||
Alrosa Co. Ltd. | 163,400 | 146,897 | |
Gazprom OAO | 887,490 | 1,729,165 | |
Inter Rao Ues JSC | 2,346,000 | 150,132 | |
Lukoil PJSC | 26,041 | 1,331,244 | |
Magnit OJSC | 5,654 | 335,922 | |
MMC Norilsk Nickel PJSC | 4,403 | 1,047,948 | |
NOVATEK OAO | 71,690 | 861,792 | |
Polyus PJSC | 2,246 | 439,906 | |
Sberbank of Russia | 778,360 | 1,972,721 | |
Severstal PAO | 14,075 | 192,477 | |
Surgutneftegas OJSC | 628,100 | 260,510 | |
Tatneft PAO | 116,479 | 601,868 | |
VTB Bank OJSC | 338,970,000 | 139,716 | |
TOTAL RUSSIA | 9,210,298 | ||
Saudi Arabia - 0.8% | |||
Abdullah Al Othaim Markets Co. | 3,790 | 132,387 | |
Advanced Polypropylene Co. | 13,923 | 214,583 | |
Al Rajhi Bank | 164,997 | 2,894,916 | |
Alinma Bank | 135,167 | 550,716 | |
Almarai Co. Ltd. | 17,474 | 240,423 | |
Arabian Centres Co. Ltd. | 8,094 | 52,186 | |
Bank Al-Jazira | 52,081 | 180,811 | |
Bank Albilad | 35,168 | 218,118 | |
Banque Saudi Fransi | 50,888 | 403,001 | |
Dar Al Arkan Real Estate Development Co. (a) | 74,495 | 158,711 | |
Emaar The Economic City (a) | 36,704 | 87,104 | |
Etihad Etisalat Co. (a) | 35,836 | 267,554 | |
Jarir Marketing Co. | 6,449 | 297,834 | |
Mouwasat Medical Services Co. | 3,754 | 128,126 | |
National Commercial Bank | 99,205 | 1,032,972 | |
National Industrialization Co. (a) | 40,643 | 122,461 | |
Riyad Bank | 100,895 | 484,257 | |
SABIC | 65,869 | 1,580,730 | |
Sahara International Petrochemical Co. | 46,346 | 180,179 | |
Samba Financial Group | 84,525 | 622,054 | |
Saudi Airlines Catering Co. | 2,160 | 44,809 | |
Saudi Arabian Fertilizers Co. | 13,728 | 276,002 | |
Saudi Arabian Mining Co. (a) | 29,194 | 290,360 | |
Saudi Cement Co. | 9,863 | 142,542 | |
Saudi Electricity Co. | 59,559 | 300,471 | |
Saudi Industrial Investment Group | 28,988 | 156,909 | |
Saudi Kayan Petrochemical Co. (a) | 68,436 | 172,992 | |
Saudi Telecom Co. | 43,932 | 1,167,912 | |
Southern Province Cement Co. | 4,596 | 82,231 | |
The Co. for Cooperative Insurance (a) | 5,814 | 125,572 | |
The Savola Group | 21,449 | 261,943 | |
Yanbu National Petrochemical Co. | 18,888 | 289,593 | |
TOTAL SAUDI ARABIA | 13,160,459 | ||
Singapore - 0.7% | |||
Ascendas Real Estate Investment Trust | 202,128 | 426,515 | |
BOC Aviation Ltd. Class A (b) | 13,800 | 85,176 | |
CapitaLand Ltd. | 174,973 | 329,262 | |
CapitaMall Trust | 320,084 | 405,725 | |
City Developments Ltd. | 39,900 | 185,291 | |
ComfortDelgro Corp. Ltd. | 137,800 | 136,293 | |
DBS Group Holdings Ltd. | 131,600 | 1,960,295 | |
Flextronics International Ltd. (a) | 35,500 | 502,325 | |
Genting Singapore Ltd. | 362,700 | 171,273 | |
Jardine Cycle & Carriage Ltd. | 6,500 | 84,553 | |
Keppel Corp. Ltd. | 109,700 | 352,517 | |
Keppel DC (REIT) | 84,700 | 179,836 | |
Mapletree Commercial Trust | 144,518 | 182,219 | |
Mapletree Greater China Commercial Trust | 154,035 | 98,267 | |
Mapletree Industrial (REIT) | 129,817 | 289,317 | |
Mapletree Logistics Trust (REIT) | 200,649 | 286,626 | |
Mapletree Logistics Trust (REIT) rights 11/10/20 (a) | 3,812 | 0 | |
Oversea-Chinese Banking Corp. Ltd. | 288,554 | 1,779,728 | |
Singapore Airlines Ltd. | 88,650 | 219,995 | |
Singapore Airport Terminal Service Ltd. | 44,800 | 97,701 | |
Singapore Exchange Ltd. | 59,800 | 379,273 | |
Singapore Press Holdings Ltd. | 113,900 | 82,510 | |
Singapore Technologies Engineering Ltd. | 112,700 | 288,097 | |
Singapore Telecommunications Ltd. | 514,600 | 764,965 | |
Suntec (REIT) | 151,200 | 148,487 | |
United Overseas Bank Ltd. | 112,900 | 1,568,683 | |
UOL Group Ltd. | 36,500 | 166,374 | |
Venture Corp. Ltd. | 18,300 | 257,971 | |
Wilmar International Ltd. | 209,800 | 621,123 | |
TOTAL SINGAPORE | 12,050,397 | ||
South Africa - 1.0% | |||
Absa Group Ltd. | 57,977 | 311,655 | |
Anglo American Platinum Ltd. | 4,519 | 299,225 | |
AngloGold Ashanti Ltd. | 30,793 | 709,639 | |
Aspen Pharmacare Holdings Ltd. (a) | 25,456 | 165,770 | |
Bidcorp Ltd. | 25,498 | 351,052 | |
Bidvest Group Ltd. | 26,673 | 219,332 | |
Capitec Bank Holdings Ltd. | 6,948 | 488,303 | |
Clicks Group Ltd. | 18,096 | 261,730 | |
Discovery Ltd. | 29,429 | 194,553 | |
Exxaro Resources Ltd. | 15,920 | 107,398 | |
FirstRand Ltd. | 397,622 | 923,011 | |
Foschini Ltd. | 21,596 | 115,003 | |
Gold Fields Ltd. | 63,746 | 689,425 | |
Growthpoint Properties Ltd. | 186,656 | 122,112 | |
Impala Platinum Holdings Ltd. | 58,367 | 519,485 | |
Life Healthcare Group Holdings Ltd. | 97,809 | 97,797 | |
Mr Price Group Ltd. | 15,804 | 119,557 | |
MTN Group Ltd. | 128,166 | 457,618 | |
MultiChoice Group Ltd. | 32,993 | 272,089 | |
Naspers Ltd. Class N | 32,068 | 6,260,557 | |
Nedbank Group Ltd. | 29,393 | 173,877 | |
Northam Platinum Ltd. (a) | 26,263 | 252,333 | |
Old Mutual Ltd. | 342,346 | 196,918 | |
PSG Group Ltd. | 11,076 | 35,795 | |
Redefine Properties Ltd. | 350,300 | 43,051 | |
Remgro Ltd. | 43,109 | 229,964 | |
RMB Holdings Ltd. | 84,730 | 5,604 | |
Sanlam Ltd. | 132,138 | 385,435 | |
Sasol Ltd. (a) | 39,366 | 205,578 | |
Shoprite Holdings Ltd. | 37,405 | 297,779 | |
Sibanye Stillwater Ltd. | 162,774 | 479,975 | |
Spar Group Ltd. | 13,182 | 139,744 | |
Standard Bank Group Ltd. | 96,088 | 628,309 | |
Tiger Brands Ltd. | 12,372 | 153,947 | |
Vodacom Group Ltd. | 49,123 | 370,190 | |
Woolworths Holdings Ltd. | 69,622 | 149,538 | |
TOTAL SOUTH AFRICA | 16,433,348 | ||
Spain - 1.4% | |||
ACS Actividades de Construccion y Servicios SA | 20,237 | 481,048 | |
Aena Sme SA (a)(b) | 5,254 | 707,365 | |
Amadeus IT Holding SA Class A | 33,023 | 1,576,485 | |
Banco Bilbao Vizcaya Argentaria SA | 491,188 | 1,417,153 | |
Banco de Sabadell SA | 366,365 | 111,792 | |
Banco Santander SA (Spain) | 1,210,507 | 2,424,109 | |
Bankinter SA | 52,576 | 196,985 | |
CaixaBank SA | 268,026 | 489,038 | |
Cellnex Telecom SA (b) | 28,342 | 1,819,429 | |
Enagas SA | 18,081 | 390,205 | |
Endesa SA | 22,949 | 615,001 | |
Ferrovial SA | 36,482 | 789,229 | |
Gas Natural SDG SA | 26,239 | 487,420 | |
Grifols SA | 19,458 | 525,526 | |
Grifols SA ADR | 22,511 | 382,237 | |
Iberdrola SA | 420,502 | 4,958,594 | |
Inditex SA | 82,376 | 2,032,952 | |
International Consolidated Airlines Group SA | 17,331 | 21,557 | |
International Consolidated Airlines Group SA CDI | 276,378 | 345,301 | |
Merlin Properties Socimi SA | 23,306 | 156,753 | |
Red Electrica Corporacion SA | 31,169 | 549,052 | |
Repsol SA | 111,886 | 702,428 | |
Telefonica SA | 371,018 | 1,206,933 | |
TOTAL SPAIN | 22,386,592 | ||
Sweden - 2.2% | |||
AarhusKarlshamn AB | 12,860 | 250,598 | |
AF Poyry AB (B Shares) | 6,774 | 154,688 | |
Alfa Laval AB | 21,076 | 427,517 | |
ASSA ABLOY AB (B Shares) | 73,064 | 1,565,942 | |
Atlas Copco AB: | |||
(A Shares) | 47,699 | 2,106,102 | |
(B Shares) | 27,769 | 1,065,086 | |
Beijer Ref AB (B Shares) | 6,044 | 166,953 | |
Billerud AB | 14,070 | 220,575 | |
Boliden AB | 19,424 | 530,873 | |
Castellum AB | 17,163 | 357,595 | |
Dometic Group AB (a)(b) | 22,579 | 243,187 | |
Electrolux AB (B Shares) | 20,073 | 453,190 | |
Electrolux Professional AB (a) | 16,841 | 63,648 | |
Elekta AB (B Shares) | 26,159 | 306,615 | |
Epiroc AB: | |||
Class A | 49,285 | 736,639 | |
Class B | 24,200 | 347,020 | |
Ericsson (B Shares) | 193,191 | 2,156,884 | |
Essity AB Class B | 44,585 | 1,292,195 | |
Evolution Gaming Group AB (b) | 9,709 | 721,214 | |
Fabege AB | 19,445 | 245,728 | |
Fastighets AB Balder (a) | 7,355 | 346,656 | |
Getinge AB (B Shares) | 16,461 | 322,527 | |
H&M Hennes & Mauritz AB (B Shares) | 56,241 | 913,923 | |
Hexagon AB (B Shares) | 20,485 | 1,497,285 | |
HEXPOL AB (B Shares) | 17,536 | 154,502 | |
Holmen AB (B Shares) | 6,547 | 248,242 | |
Hufvudstaden AB (A Shares) | 7,900 | 103,251 | |
Husqvarna AB (B Shares) | 30,088 | 311,078 | |
ICA Gruppen AB | 6,467 | 306,184 | |
Industrivarden AB: | |||
(A Shares) | 5,222 | 140,491 | |
(C Shares) | 19,312 | 493,955 | |
Indutrade AB (a) | 6,234 | 316,240 | |
Investor AB (B Shares) | 33,097 | 1,987,665 | |
Kinnevik AB (B Shares) | 17,703 | 726,451 | |
Latour Investment AB Class B | 8,670 | 202,466 | |
Lifco AB | 3,197 | 233,890 | |
Loomis AB (B Shares) | 5,588 | 124,779 | |
Lundbergfoeretagen AB | 4,337 | 195,249 | |
Lundin Petroleum AB | 15,228 | 290,668 | |
Nibe Industrier AB (B Shares) | 25,273 | 609,501 | |
Nordic Entertainment Group AB Class B | 4,824 | 172,286 | |
Saab AB (B Shares) | 5,663 | 130,145 | |
Samhallsbyggnadsbolaget I Norden AB (B Shares) | 56,811 | 156,673 | |
Sandvik AB | 80,011 | 1,426,203 | |
Securitas AB (B Shares) | 22,921 | 324,429 | |
Skandinaviska Enskilda Banken AB (A Shares) (a) | 116,975 | 1,003,011 | |
Skanska AB (B Shares) | 29,415 | 553,035 | |
SKF AB (B Shares) | 27,624 | 565,618 | |
SSAB Svenskt Stal AB (B Shares) | 46,097 | 124,640 | |
Svenska Cellulosa AB (SCA) (B Shares) | 44,523 | 604,171 | |
Svenska Handelsbanken AB (A Shares) (a) | 113,159 | 916,892 | |
Sweco AB (B Shares) | 4,612 | 232,404 | |
Swedbank AB (A Shares) (a) | 67,691 | 1,061,190 | |
Swedish Match Co. AB | 11,730 | 883,995 | |
Swedish Orphan Biovitrum AB (a) | 14,421 | 249,091 | |
Tele2 AB (B Shares) | 36,710 | 435,442 | |
Telia Co. AB | 181,242 | 694,954 | |
Thule Group AB (b) | 7,124 | 232,492 | |
Trelleborg AB (B Shares) | 19,589 | 325,588 | |
Volvo AB (B Shares) | 115,028 | 2,238,279 | |
Wallenstam AB (B Shares) | 14,040 | 186,340 | |
Wihlborgs Fastigheter AB | 9,151 | 165,159 | |
TOTAL SWEDEN | 35,619,289 | ||
Switzerland - 5.8% | |||
ABB Ltd. (Reg.) | 138,783 | 3,367,573 | |
Adecco SA (Reg.) | 12,179 | 597,693 | |
Alcon, Inc. (Switzerland) (a) | 35,799 | 2,034,056 | |
Baloise Holdings AG | 3,483 | 475,947 | |
Compagnie Financiere Richemont SA Series A | 38,417 | 2,401,209 | |
Credit Suisse Group AG | 170,911 | 1,611,926 | |
Galenica AG | 3,288 | 369,875 | |
Geberit AG (Reg.) | 2,729 | 1,553,561 | |
Givaudan SA | 577 | 2,350,916 | |
Julius Baer Group Ltd. | 16,506 | 736,960 | |
Kuehne & Nagel International AG | 3,618 | 722,456 | |
LafargeHolcim Ltd. (Reg.) | 37,308 | 1,601,036 | |
Lindt & Spruengli AG | 8 | 691,859 | |
Lindt & Spruengli AG (participation certificate) | 75 | 594,634 | |
Lonza Group AG | 5,429 | 3,289,486 | |
Nestle SA (Reg. S) | 209,944 | 23,614,067 | |
Novartis AG | 180,468 | 14,062,534 | |
Partners Group Holding AG | 1,365 | 1,230,502 | |
Roche Holding AG: | |||
(Bearer) | 1,843 | 593,330 | |
(participation certificate) | 51,545 | 16,563,034 | |
Schindler Holding AG (participation certificate) | 2,983 | 762,870 | |
SGS SA (Reg.) | 373 | 931,941 | |
Siemens Energy AG (a) | 28,768 | 629,887 | |
Sika AG | 10,350 | 2,547,571 | |
Sonova Holding AG Class B | 3,967 | 940,970 | |
Straumann Holding AG | 823 | 858,049 | |
Swiss Life Holding AG | 2,405 | 808,355 | |
Swiss Prime Site AG | 5,822 | 489,532 | |
Swiss Re Ltd. | 20,851 | 1,494,896 | |
Swisscom AG | 1,799 | 914,852 | |
Temenos Group AG | 4,713 | 505,968 | |
UBS Group AG | 280,133 | 3,252,103 | |
Zurich Insurance Group Ltd. | 11,024 | 3,661,574 | |
TOTAL SWITZERLAND | 96,261,222 | ||
Taiwan - 3.6% | |||
Accton Technology Corp. | 39,000 | 282,866 | |
Acer, Inc. | 219,000 | 182,570 | |
Advantech Co. Ltd. | 29,696 | 299,981 | |
ASE Technology Holding Co. Ltd. | 255,000 | 572,254 | |
Asia Cement Corp. | 165,000 | 237,329 | |
ASMedia Technology, Inc. | 2,000 | 100,318 | |
ASUSTeK Computer, Inc. | 51,000 | 432,294 | |
AU Optronics Corp. (a) | 692,000 | 279,434 | |
Catcher Technology Co. Ltd. | 58,000 | 365,934 | |
Cathay Financial Holding Co. Ltd. | 629,716 | 845,227 | |
Chang Hwa Commercial Bank | 427,974 | 255,058 | |
Cheng Shin Rubber Industry Co. Ltd. | 151,000 | 190,538 | |
Chicony Electronics Co. Ltd. | 44,000 | 132,420 | |
Chilisin Electronics Corp. | 15,000 | 55,315 | |
China Development Finance Holding Corp. | 1,151,000 | 337,145 | |
China Life Insurance Co. Ltd. | 252,642 | 169,111 | |
China Petrochemical Development Corp. | 300 | 90 | |
China Steel Corp. | 939,000 | 666,283 | |
China Synthetic Rubber Corp. | 643 | 441 | |
Chinatrust Financial Holding Co. Ltd. | 1,401,000 | 883,919 | |
Chipbond Technology Corp. | 47,000 | 102,677 | |
Chroma ATE, Inc. | 27,000 | 128,351 | |
Chunghwa Telecom Co. Ltd. | 323,000 | 1,211,564 | |
Compal Electronics, Inc. | 281,000 | 182,691 | |
Compeq Manufacturing Co. Ltd. | 78,000 | 118,735 | |
Delta Electronics, Inc. | 139,000 | 923,136 | |
E.SUN Financial Holdings Co. Ltd. | 934,887 | 794,077 | |
ECLAT Textile Co. Ltd. | 15,000 | 198,452 | |
Elite Material Co. Ltd. | 22,000 | 115,348 | |
EPISTAR Corp. (a) | 79,000 | 92,506 | |
EVA Airways Corp. | 211,619 | 79,887 | |
Evergreen Marine Corp. (Taiwan) (a) | 254,643 | 168,225 | |
Far Eastern Department Stores Co. Ltd. | 64,000 | 52,795 | |
Far Eastern Textile Ltd. | 299,000 | 269,120 | |
Far EasTone Telecommunications Co. Ltd. | 123,000 | 257,961 | |
Feng Tay Enterprise Co. Ltd. | 40,480 | 244,785 | |
First Financial Holding Co. Ltd. | 751,479 | 526,658 | |
FLEXium Interconnect, Inc. | 18,000 | 73,299 | |
Formosa Chemicals & Fibre Corp. | 309,000 | 743,095 | |
Formosa Petrochemical Corp. | 125,000 | 343,423 | |
Formosa Plastics Corp. | 319,000 | 881,992 | |
Formosa Taffeta Co. Ltd. | 63,000 | 68,816 | |
Foxconn Technology Co. Ltd. | 80,000 | 140,096 | |
Fubon Financial Holding Co. Ltd. | 548,000 | 779,601 | |
Genius Electronic Optical Co. Ltd. | 8,000 | 156,874 | |
Giant Manufacturing Co. Ltd. | 21,000 | 206,264 | |
Giga-Byte Technology Co. Ltd. | 34,000 | 85,330 | |
GlobalWafers Co. Ltd. | 15,000 | 217,589 | |
Great Wall Enterprise Co. Ltd. | 55,214 | 86,751 | |
Highwealth Construction Corp. | 79,200 | 114,887 | |
HIWIN Technologies Corp. | 18,879 | 164,314 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 917,800 | 2,486,263 | |
Hotai Motor Co. Ltd. | 26,000 | 547,101 | |
Hua Nan Financial Holdings Co. Ltd. | 674,546 | 405,543 | |
Innolux Corp. | 759,000 | 262,913 | |
International Games Systems Co. Ltd. | 4,000 | 105,142 | |
Inventec Corp. | 223,000 | 176,161 | |
ITEQ Corp. | 14,000 | 58,723 | |
King Yuan Electronics Co. Ltd. | 76,000 | 79,562 | |
King's Town Bank | 50,000 | 67,723 | |
Largan Precision Co. Ltd. | 7,000 | 740,152 | |
Lien Hwa Industrial Corp. | 70,522 | 98,478 | |
Lite-On Technology Corp. | 146,000 | 237,558 | |
Macronix International Co. Ltd. | 122,340 | 136,841 | |
Makalot Industrial Co. Ltd. | 13,450 | 89,090 | |
MediaTek, Inc. | 116,000 | 2,749,065 | |
Mega Financial Holding Co. Ltd. | 792,000 | 762,683 | |
Merida Industry Co. Ltd. | 15,000 | 145,234 | |
Merry Electronics Co. Ltd. | 16,064 | 79,172 | |
Micro-Star International Co. Ltd. | 49,000 | 196,966 | |
Nan Ya Plastics Corp. | 409,000 | 839,187 | |
Nanya Technology Corp. | 78,000 | 157,587 | |
Nien Made Enterprise Co. Ltd. | 10,000 | 112,552 | |
Novatek Microelectronics Corp. | 43,000 | 401,307 | |
OBI Pharma, Inc. (a) | 454 | 1,761 | |
Pegatron Corp. | 165,000 | 354,696 | |
Phison Electronics Corp. | 12,000 | 124,366 | |
Pou Chen Corp. | 171,000 | 150,624 | |
Powertech Technology, Inc. | 53,000 | 156,356 | |
Poya International Co. Ltd. | 4,000 | 86,127 | |
President Chain Store Corp. | 43,000 | 387,780 | |
Qisda Corp. | 120,000 | 78,437 | |
Quanta Computer, Inc. | 202,000 | 508,371 | |
Radiant Opto-Electronics Corp. | 33,000 | 129,767 | |
Realtek Semiconductor Corp. | 35,000 | 434,916 | |
Ruentex Development Co. Ltd. | 79,200 | 109,350 | |
Ruentex Industries Ltd. | 27,600 | 63,865 | |
Shin Kong Financial Holding Co. Ltd. | 803,538 | 223,572 | |
Simplo Technology Co. Ltd. | 12,000 | 133,594 | |
SINBON Electronics Co. Ltd. | 13,000 | 87,472 | |
Sino-American Silicon Products, Inc. | 38,000 | 132,294 | |
Sinopac Holdings Co. | 842,180 | 314,982 | |
Standard Foods Corp. | 31,000 | 66,206 | |
Synnex Technology International Corp. | 100,000 | 148,380 | |
Taichung Commercial Bank Co. Ltd. | 206,192 | 78,199 | |
Taishin Financial Holdings Co. Ltd. | 834,402 | 367,488 | |
Taiwan Business Bank | 411,423 | 135,180 | |
Taiwan Cement Corp. | 386,859 | 548,329 | |
Taiwan Cooperative Financial Holding Co. Ltd. | 721,448 | 484,176 | |
Taiwan Fertilizer Co. Ltd. | 53,000 | 94,851 | |
Taiwan High Speed Rail Corp. | 157,000 | 166,005 | |
Taiwan Mobile Co. Ltd. | 178,000 | 607,872 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,384,000 | 20,935,445 | |
Taiwan Surface Mounting Technology Co. Ltd. | 18,000 | 59,142 | |
Taiwan Union Technology Corp. | 16,000 | 53,130 | |
Tatung Co. Ltd. (a) | 156,000 | 114,782 | |
TCI Co. Ltd. | 446 | 3,547 | |
TECO Electric & Machinery Co. Ltd. | 129,000 | 134,821 | |
The Shanghai Commercial & Savings Bank Ltd. | 344,000 | 445,496 | |
Tripod Technology Corp. | 32,000 | 126,953 | |
Unified-President Enterprises Corp. | 369,000 | 790,650 | |
Unimicron Technology Corp. | 101,000 | 240,770 | |
United Integrated Services Co. | 9,000 | 62,445 | |
United Microelectronics Corp. | 825,000 | 886,499 | |
Vanguard International Semiconductor Corp. | 71,000 | 231,298 | |
Voltronic Power Technology Corp. | 5,250 | 179,839 | |
Walsin Lihwa Corp. | 171,000 | 106,094 | |
Walsin Technology Corp. | 22,000 | 125,730 | |
Win Semiconductors Corp. | 26,000 | 282,638 | |
Winbond Electronics Corp. | 211,000 | 125,011 | |
Wistron Corp. | 190,000 | 189,276 | |
Wiwynn Corp. | 6,000 | 152,470 | |
WPG Holding Co. Ltd. | 101,040 | 137,032 | |
Yageo Corp. | 30,000 | 372,785 | |
Yuanta Financial Holding Co. Ltd. | 905,160 | 561,592 | |
TOTAL TAIWAN | 59,245,290 | ||
Thailand - 0.7% | |||
Advanced Info Service PCL (For. Reg.) | 72,400 | 400,441 | |
Advanced Information Service PCL NVDR | 7,400 | 40,929 | |
Airports of Thailand PCL (For. Reg.) | 338,100 | 560,539 | |
B. Grimm Power PCL (For. Reg.) | 73,400 | 92,373 | |
Bangkok Bank PCL (For. Reg.) | 136,600 | 423,115 | |
Bangkok Commercial Asset Management PCL | 118,900 | 76,972 | |
Bangkok Dusit Medical Services PCL (For. Reg.) | 734,600 | 412,147 | |
Bangkok Expressway and Metro PCL | 546,400 | 143,556 | |
Banpu PCL (For. Reg.) | 297,700 | 62,556 | |
Berli Jucker PCL (For. Reg) | 79,400 | 73,134 | |
BTS Group Holdings PCL (For. Reg.) | 690,700 | 198,202 | |
Bumrungrad Hospital PCL (For. Reg.) | 31,400 | 91,603 | |
Carabao Group PCL | 45,500 | 159,685 | |
Central Pattana PCL (For. Reg.) | 203,500 | 250,957 | |
Central Retail Corp. PCL (b) | 55,000 | 47,006 | |
Central Retail Corp. PCL | 182,108 | 155,640 | |
Charoen Pokphand Foods PCL (For. Reg.) | 517,700 | 419,030 | |
CP ALL PCL | 31,100 | 53,534 | |
CP ALL PCL (For. Reg.) | 461,700 | 794,754 | |
CPN Retail Growth Leasehold REIT | 107,300 | 62,626 | |
CPN Retail Growth Leasehold REIT rights (a) | 24,210 | 0 | |
Delta Electronics PCL (For. Reg.) | 60,700 | 348,263 | |
Electricity Generating PCL (For. Reg.) | 17,700 | 94,182 | |
Energy Absolute PCL (For. Reg.) | 171,100 | 208,564 | |
Global Power Synergy Public Co. Ltd. | 59,694 | 99,077 | |
Gulf Energy Development PCL (For. Reg.) | 307,300 | 280,912 | |
Hana Microelectronics PCL (For. Reg.) | 69,300 | 99,965 | |
Home Product Center PCL (For. Reg.) | 465,300 | 208,081 | |
Indorama Ventures PCL (For. Reg.) | 245,600 | 173,886 | |
Intouch Holdings PCL | 21,800 | 37,389 | |
Intouch Holdings PCL (For. Reg.) | 132,700 | 227,593 | |
IRPC PCL (For. Reg.) | 702,200 | 45,464 | |
Kasikornbank PCL (For. Reg.) | 165,600 | 398,998 | |
Kiatnakin Bank PCL (For. Reg.) | 51,600 | 65,328 | |
Krung Thai Bank PCL (For. Reg.) | 413,900 | 114,720 | |
Krungthai Card PCL (For. Reg.) | 53,500 | 67,748 | |
Land & House PCL (For. Reg.) | 490,800 | 100,642 | |
Minor International PCL: | |||
warrants 9/30/21 (a) | 4,695 | 36 | |
warrants 7/31/23 (a) | 9,669 | 1,933 | |
(For. Reg.) | 246,621 | 131,940 | |
Muangthai Leasing PCL | 35,600 | 62,468 | |
Osotspa PCL | 72,200 | 74,051 | |
PTT Exploration and Production PCL (For. Reg.) | 88,500 | 223,602 | |
PTT Global Chemical PCL (For. Reg.) | 149,100 | 191,040 | |
PTT PCL: | |||
(For. Reg.) | 913,200 | 907,463 | |
NVDR | 54,200 | 53,860 | |
Ratchaburi Electric Generating Holding PCL (For. Reg.) | 48,200 | 71,907 | |
Siam Cement PCL (For. Reg.) | 56,500 | 612,167 | |
Siam Commercial Bank PCL (For. Reg.) | 186,700 | 388,703 | |
Siam Global House PCL | 89 | 45 | |
Srisawad Corp. PCL: | |||
warrants 8/29/25 (a) | 2,460 | 650 | |
(For. Reg.) | 70,600 | 112,678 | |
Thai Beverage PCL | 607,900 | 258,521 | |
Thai Oil PCL (For. Reg.) | 77,100 | 84,672 | |
Thai Union Frozen Products PCL (For. Reg.) | 199,600 | 97,278 | |
Thanachart Capital PCL (For. Reg.) | 57,900 | 51,338 | |
TISCO Financial Group PCL | 48,000 | 108,817 | |
TMB Bank PCL (For. Reg.) | 2,859,625 | 74,178 | |
Total Access Communication PCL (For. Reg.) | 43,200 | 42,479 | |
True Corp. PCL (For. Reg.) | 1,742,100 | 151,673 | |
VGI Global Media PCL | 159,100 | 30,573 | |
WHA Corp. PCL | 613,900 | 46,808 | |
TOTAL THAILAND | 10,868,491 | ||
Turkey - 0.1% | |||
Akbank TAS (a) | 204,153 | 116,213 | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S | 14,067 | 32,618 | |
Arcelik A/S | 16,974 | 54,450 | |
Aselsan A/S | 39,366 | 78,690 | |
Bim Birlesik Magazalar A/S JSC | 35,466 | 282,729 | |
Coca-Cola Icecek Sanayi A/S | 4,484 | 24,027 | |
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 173,683 | 35,651 | |
Enka Insaat ve Sanayi A/S | 111,972 | 96,344 | |
Eregli Demir ve Celik Fabrikalari T.A.S. | 91,203 | 103,725 | |
Ford Otomotiv Sanayi A/S | 5,191 | 66,905 | |
Haci Omer Sabanci Holding A/S | 90,353 | 88,741 | |
Koc Holding A/S | 71,326 | 120,529 | |
Koza Altin Isletmeleri A/S (a) | 2,833 | 24,883 | |
Pegasus Hava Tasimaciligi A/S (a) | 2,534 | 11,945 | |
Petkim Petrokimya Holding A/S (a) | 85,730 | 42,049 | |
Sok Marketler Ticaret A/S (a) | 18,826 | 25,477 | |
TAV Havalimanlari Holding A/S | 12,849 | 21,145 | |
Tekfen Holding A/S | 14,772 | 23,393 | |
Tofas Turk Otomobil Fabrikasi A/S | 9,634 | 30,720 | |
Tupras Turkiye Petrol Rafinerileri A/S (a) | 8,349 | 74,478 | |
Turk Hava Yollari AO (a) | 49,637 | 53,431 | |
Turk Sise ve Cam Fabrikalari A/S | 139,151 | 101,796 | |
Turkcell Iletisim Hizmet A/S | 72,134 | 125,682 | |
Turkiye Garanti Bankasi A/S (a) | 148,615 | 117,055 | |
Turkiye Halk Bankasi A/S (a) | 46,792 | 26,245 | |
Turkiye Is Bankasi A/S Series C (a) | 92,115 | 56,174 | |
Turkiye Vakiflar Bankasi TAO (a) | 75,722 | 34,429 | |
Ulker Biskuvi Sanayi A/S (a) | 11,675 | 28,172 | |
Yapi ve Kredi Bankasi A/S (a) | 137,585 | 35,301 | |
TOTAL TURKEY | 1,932,997 | ||
United Arab Emirates - 0.3% | |||
Abu Dhabi Commercial Bank PJSC (c) | 208,501 | 333,202 | |
Aldar Properties PJSC | 375,759 | 280,299 | |
Dubai Islamic Bank Pakistan Ltd. | 374,772 | 424,445 | |
Emaar Properties PJSC (a) | 335,522 | 243,890 | |
Emirates NBD Bank PJSC | 178,683 | 462,134 | |
Emirates Telecommunications Corp. | 249,178 | 1,145,100 | |
National Bank of Abu Dhabi PJSC | 539,764 | 1,684,030 | |
TOTAL UNITED ARAB EMIRATES | 4,573,100 | ||
United Kingdom - 7.9% | |||
3i Group PLC | 70,729 | 880,559 | |
Admiral Group PLC | 18,485 | 658,551 | |
Amarin Corp. PLC ADR (a)(d) | 27,382 | 133,077 | |
Anglo American PLC (United Kingdom) | 99,564 | 2,336,179 | |
Antofagasta PLC | 25,575 | 341,098 | |
Ashtead Group PLC | 33,214 | 1,204,805 | |
Associated British Foods PLC | 26,221 | 576,629 | |
AstraZeneca PLC (United Kingdom) | 95,952 | 9,634,109 | |
Atlassian Corp. PLC (a) | 9,376 | 1,796,629 | |
Auto Trader Group PLC (b) | 67,958 | 510,937 | |
Aveva Group PLC | 4,697 | 261,045 | |
Aviva PLC | 290,576 | 969,238 | |
BAE Systems PLC | 233,069 | 1,198,066 | |
Barclays PLC (a) | 1,190,391 | 1,649,971 | |
Barratt Developments PLC | 75,935 | 474,654 | |
Beazley PLC | 42,566 | 162,124 | |
Bellway PLC | 9,333 | 282,323 | |
Berkeley Group Holdings PLC | 8,996 | 472,816 | |
BHP Billiton PLC | 154,262 | 2,988,419 | |
BP PLC | 1,482,928 | 3,782,482 | |
British American Tobacco PLC (United Kingdom) | 167,475 | 5,308,186 | |
British Land Co. PLC | 73,837 | 333,456 | |
BT Group PLC | 628,315 | 825,378 | |
Bunzl PLC | 23,881 | 742,508 | |
Burberry Group PLC | 29,015 | 509,585 | |
Carnival PLC | 12,146 | 137,311 | |
Centrica PLC | 427,460 | 205,893 | |
Coca-Cola European Partners PLC | 15,171 | 541,756 | |
Compass Group PLC | 129,831 | 1,777,094 | |
ConvaTec Group PLC (b) | 118,045 | 276,340 | |
Croda International PLC | 9,574 | 748,404 | |
Dechra Pharmaceuticals PLC | 7,639 | 345,580 | |
Derwent London PLC | 10,101 | 347,822 | |
Diageo PLC | 171,130 | 5,530,559 | |
Direct Line Insurance Group PLC | 101,673 | 347,075 | |
DS Smith PLC | 96,469 | 353,806 | |
easyJet PLC | 22,170 | 145,272 | |
Electrocomponents PLC | 33,860 | 298,067 | |
Evraz PLC | 35,285 | 164,334 | |
G4S PLC (United Kingdom) | 115,094 | 304,322 | |
GlaxoSmithKline PLC | 366,221 | 6,115,340 | |
GW Pharmaceuticals PLC ADR (a)(d) | 2,231 | 200,812 | |
Halma PLC | 27,446 | 841,973 | |
Hargreaves Lansdown PLC | 19,523 | 342,075 | |
HomeServe PLC | 19,661 | 281,453 | |
Howden Joinery Group PLC | 46,868 | 386,649 | |
HSBC Holdings PLC (United Kingdom) | 1,508,548 | 6,321,713 | |
IMI PLC | 21,175 | 283,649 | |
Imperial Brands PLC | 70,224 | 1,113,536 | |
Informa PLC | 110,718 | 599,559 | |
InterContinental Hotel Group PLC | 14,030 | 711,767 | |
Intermediate Capital Group PLC | 21,895 | 332,154 | |
Intertek Group PLC | 11,847 | 855,179 | |
Investec PLC | 45,144 | 83,837 | |
ITV PLC | 276,323 | 258,244 | |
J Sainsbury PLC | 129,167 | 337,349 | |
John David Group PLC | 33,254 | 319,313 | |
Johnson Matthey PLC | 13,917 | 387,453 | |
Kingfisher PLC | 156,752 | 582,959 | |
Land Securities Group PLC | 54,644 | 360,540 | |
Legal & General Group PLC | 432,774 | 1,036,097 | |
Lloyds Banking Group PLC | 5,127,631 | 1,867,007 | |
London Stock Exchange Group PLC | 23,001 | 2,479,460 | |
M&G PLC | 191,797 | 364,386 | |
Marks & Spencer Group PLC | 127,621 | 147,378 | |
Mediclinic International PLC | 33,061 | 119,877 | |
Meggitt PLC | 59,151 | 209,430 | |
Melrose Industries PLC | 357,372 | 553,950 | |
Micro Focus International PLC | 23,644 | 66,346 | |
Mondi PLC | 35,999 | 682,295 | |
National Grid PLC | 273,909 | 3,261,063 | |
Network International Holdings PLC (a)(b) | 19,967 | 57,529 | |
Next PLC | 9,778 | 739,776 | |
Ninety One PLC (a) | 22,572 | 60,239 | |
Ocado Group PLC (a) | 44,338 | 1,307,332 | |
Pearson PLC | 56,237 | 371,545 | |
Pennon Group PLC | 30,679 | 394,505 | |
Persimmon PLC | 23,515 | 711,632 | |
Phoenix Group Holdings PLC | 59,394 | 509,683 | |
Prudential PLC | 189,263 | 2,314,782 | |
Quilter PLC (b) | 125,403 | 198,526 | |
Reckitt Benckiser Group PLC | 53,683 | 4,728,857 | |
RELX PLC (London Stock Exchange) | 145,446 | 2,878,196 | |
Rentokil Initial PLC (a) | 131,109 | 893,420 | |
Rightmove PLC | 64,645 | 517,560 | |
Rio Tinto PLC | 78,788 | 4,456,362 | |
Rolls-Royce Holdings PLC | 142,269 | 131,450 | |
Rolls-Royce Holdings PLC rights 11/6/20 (a) | 474,229 | 239,602 | |
Royal Bank of Scotland Group PLC | 335,629 | 540,031 | |
Royal Dutch Shell PLC: | |||
Class A (United Kingdom) | 287,121 | 3,611,836 | |
Class B (United Kingdom) | 284,729 | 3,433,644 | |
RSA Insurance Group PLC | 74,186 | 407,113 | |
Sage Group PLC | 81,348 | 669,836 | |
Schroders PLC | 8,857 | 299,937 | |
Scottish & Southern Energy PLC | 76,306 | 1,240,623 | |
Segro PLC | 90,123 | 1,053,124 | |
Severn Trent PLC | 17,259 | 543,325 | |
Smith & Nephew PLC | 65,295 | 1,133,792 | |
Smiths Group PLC | 28,973 | 499,021 | |
Spectris PLC | 9,550 | 306,331 | |
Spirax-Sarco Engineering PLC | 5,269 | 769,972 | |
SSP Group PLC | 37,286 | 90,184 | |
St. James's Place Capital PLC | 40,031 | 466,327 | |
Standard Chartered PLC (United Kingdom) | 194,642 | 887,094 | |
Standard Life PLC | 166,147 | 483,222 | |
Tate & Lyle PLC | 37,779 | 291,307 | |
Taylor Wimpey PLC | 256,337 | 351,345 | |
Tesco PLC | 707,383 | 1,882,734 | |
The Weir Group PLC | 19,221 | 356,953 | |
Travis Perkins PLC | 18,792 | 258,423 | |
Unilever PLC | 85,204 | 4,861,214 | |
Unite Group PLC | 29,345 | 316,677 | |
United Utilities Group PLC | 49,689 | 555,789 | |
Vistry Group PLC | 14,417 | 101,791 | |
Vodafone Group PLC | 1,957,281 | 2,610,952 | |
Whitbread PLC | 14,552 | 404,755 | |
WM Morrison Supermarkets PLC | 173,013 | 365,121 | |
TOTAL UNITED KINGDOM | 130,362,771 | ||
United States of America - 0.1% | |||
Kolon TissueGene, Inc. unit (a)(c) | 911 | 6,417 | |
Stratasys Ltd. (a)(d) | 3,752 | 47,951 | |
XP, Inc. Class A (a) | 6,748 | 270,460 | |
Yum China Holdings, Inc. | 30,577 | 1,627,614 | |
TOTAL UNITED STATES OF AMERICA | 1,952,442 | ||
TOTAL COMMON STOCKS | |||
(Cost $1,611,915,397) | 1,594,931,166 | ||
Nonconvertible Preferred Stocks - 0.9% | |||
Brazil - 0.4% | |||
Alpargatas SA (PN) | 13,700 | 96,746 | |
Azul SA (a) | 17,000 | 66,810 | |
Banco Bradesco SA (PN) | 328,686 | 1,154,822 | |
Banco Inter SA (b) | 3 | 9 | |
Bradespar SA (PN) | 15,700 | 127,889 | |
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) | 19,429 | 104,934 | |
Companhia Energetica de Minas Gerais (CEMIG) (PN) | 65,591 | 117,169 | |
Companhia Paranaense de Energia-Copel (PN-B) | 7,100 | 76,420 | |
Gerdau SA | 81,000 | 307,882 | |
Itau Unibanco Holding SA | 353,350 | 1,445,927 | |
Itausa-Investimentos Itau SA (PN) | 350,200 | 554,783 | |
Lojas Americanas SA (PN) | 69,574 | 281,669 | |
Metalurgica Gerdau SA (PN) | 49,800 | 85,055 | |
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) | 314,200 | 1,037,121 | |
Telefonica Brasil SA | 31,100 | 230,569 | |
TOTAL BRAZIL | 5,687,805 | ||
Chile - 0.0% | |||
Sociedad Quimica y Minera de Chile SA (PN-B) | 9,895 | 361,482 | |
Colombia - 0.0% | |||
Banco Davivienda SA | 7,770 | 50,450 | |
Bancolombia SA (PN) | 47,535 | 300,905 | |
Grupo Aval Acciones y Valores SA | 257,424 | 59,196 | |
TOTAL COLOMBIA | 410,551 | ||
Germany - 0.3% | |||
Henkel AG & Co. KGaA | 13,021 | 1,266,573 | |
Porsche Automobil Holding SE (Germany) | 11,815 | 632,976 | |
Sartorius AG (non-vtg.) | 2,483 | 1,050,890 | |
Volkswagen AG | 13,453 | 1,960,071 | |
TOTAL GERMANY | 4,910,510 | ||
Korea (South) - 0.2% | |||
Hyundai Motor Co. | 1,203 | 83,743 | |
Hyundai Motor Co. Series 2 | 2,585 | 182,761 | |
LG Chemical Ltd. | 606 | 167,662 | |
Samsung Electronics Co. Ltd. | 62,215 | 2,761,557 | |
TOTAL KOREA (SOUTH) | 3,195,723 | ||
Russia - 0.0% | |||
AK Transneft OAO | 120 | 199,537 | |
Sberbank of Russia | 86,230 | 210,138 | |
Surgutneftegas OJSC | 647,000 | 295,265 | |
TOTAL RUSSIA | 704,940 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $19,622,414) | 15,271,011 | ||
Principal Amount | Value | ||
Government Obligations - 0.1% | |||
United States of America - 0.1% | |||
U.S. Treasury Bills, yield at date of purchase 0.13% 11/5/20 (Cost $789,988)(e) | 790,000 | 789,995 | |
Shares | Value | ||
Money Market Funds - 1.9% | |||
Fidelity Cash Central Fund 0.10% (f) | 29,211,942 | 29,217,784 | |
Fidelity Securities Lending Cash Central Fund 0.11% (f)(g) | 2,773,340 | 2,773,617 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $31,991,212) | 31,991,401 | ||
TOTAL INVESTMENT IN SECURITIES - 99.5% | |||
(Cost $1,664,319,011) | 1,642,983,573 | ||
NET OTHER ASSETS (LIABILITIES) - 0.5% | 8,033,408 | ||
NET ASSETS - 100% | $1,651,016,981 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI EAFE Index Contracts (United States) | 281 | Dec. 2020 | $25,063,795 | $(931,960) | $(931,960) |
ICE E-mini MSCI Emerging Markets Index Contracts (United States) | 231 | Dec. 2020 | 12,726,945 | 201,855 | 201,855 |
TME S&P/TSX 60 Index Contracts (Canada) | 18 | Dec. 2020 | 2,500,518 | (83,612) | (83,612) |
TOTAL FUTURES CONTRACTS | $(813,717) |
The notional amount of futures purchased as a percentage of Net Assets is 2.5%
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $29,011,348 or 1.8% of net assets.
(c) Level 3 security
(d) Security or a portion of the security is on loan at period end.
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $789,995.
(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $330,269 |
Fidelity Securities Lending Cash Central Fund | 54,021 |
Total | $384,290 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 2020, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $132,803,342 | $40,832,043 | $91,971,299 | $-- |
Consumer Discretionary | 225,540,275 | 130,799,855 | 94,740,420 | -- |
Consumer Staples | 145,010,238 | 50,910,569 | 94,099,669 | -- |
Energy | 59,972,301 | 22,591,745 | 37,380,556 | -- |
Financials | 281,588,577 | 132,218,104 | 149,037,271 | 333,202 |
Health Care | 152,417,225 | 29,108,377 | 123,254,359 | 54,489 |
Industrials | 199,900,616 | 87,509,980 | 112,390,636 | -- |
Information Technology | 187,467,159 | 55,438,876 | 132,028,283 | -- |
Materials | 123,403,512 | 65,234,413 | 58,169,099 | -- |
Real Estate | 49,607,071 | 24,548,578 | 25,058,493 | -- |
Utilities | 52,491,861 | 36,341,065 | 16,150,796 | -- |
Government Obligations | 789,995 | -- | 789,995 | -- |
Money Market Funds | 31,991,401 | 31,991,401 | -- | -- |
Total Investments in Securities: | $1,642,983,573 | $707,525,006 | $935,070,876 | $387,691 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $201,855 | $201,855 | $-- | $-- |
Total Assets | $201,855 | $201,855 | $-- | $-- |
Liabilities | ||||
Futures Contracts | $(1,015,572) | $(1,015,572) | $-- | $-- |
Total Liabilities | $(1,015,572) | $(1,015,572) | $-- | $-- |
Total Derivative Instruments: | $(813,717) | $(813,717) | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2020. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.
Primary Risk Exposure / Derivative Type | Value | |
Asset | Liability | |
Equity Risk | ||
Futures Contracts(a) | $201,855 | $(1,015,572) |
Total Equity Risk | 201,855 | (1,015,572) |
Total Value of Derivatives | $201,855 | $(1,015,572) |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ International Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2020 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $2,665,649) — See accompanying schedule: Unaffiliated issuers (cost $1,632,327,799) | $1,610,992,172 | |
Fidelity Central Funds (cost $31,991,212) | 31,991,401 | |
Total Investment in Securities (cost $1,664,319,011) | $1,642,983,573 | |
Segregated cash with brokers for derivative instruments | 2,588,081 | |
Foreign currency held at value (cost $1,838,464) | 1,836,152 | |
Receivable for fund shares sold | 3,449,699 | |
Dividends receivable | 4,814,969 | |
Distributions receivable from Fidelity Central Funds | 6,049 | |
Other receivables | 129 | |
Total assets | 1,655,678,652 | |
Liabilities | ||
Payable for investments purchased | $647,766 | |
Payable for fund shares redeemed | 788,997 | |
Payable for daily variation margin on futures contracts | 302,288 | |
Other payables and accrued expenses | 148,906 | |
Collateral on securities loaned | 2,773,714 | |
Total liabilities | 4,661,671 | |
Net Assets | $1,651,016,981 | |
Net Assets consist of: | ||
Paid in capital | $1,668,910,997 | |
Total accumulated earnings (loss) | (17,894,016) | |
Net Assets | $1,651,016,981 | |
Net Asset Value, offering price and redemption price per share ($1,651,016,981 ÷ 170,702,554 shares) | $9.67 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2020 | ||
Investment Income | ||
Dividends | $37,207,320 | |
Non-Cash dividends | 1,952,896 | |
Interest | 16,572 | |
Income from Fidelity Central Funds (including $54,021 from security lending) | 384,290 | |
Income before foreign taxes withheld | 39,561,078 | |
Less foreign taxes withheld | (4,306,489) | |
Total income | 35,254,589 | |
Expenses | ||
Independent trustees' fees and expenses | $8,065 | |
Total expenses before reductions | 8,065 | |
Expense reductions | (2,376) | |
Total expenses after reductions | 5,689 | |
Net investment income (loss) | 35,248,900 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers (net of foreign taxes of $4,177) | (17,302,972) | |
Fidelity Central Funds | 1,116 | |
Foreign currency transactions | 100,362 | |
Futures contracts | 479,742 | |
Total net realized gain (loss) | (16,721,752) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $118,866) | (67,036,387) | |
Assets and liabilities in foreign currencies | 75,573 | |
Futures contracts | (1,549,953) | |
Total change in net unrealized appreciation (depreciation) | (68,510,767) | |
Net gain (loss) | (85,232,519) | |
Net increase (decrease) in net assets resulting from operations | $(49,983,619) |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2020 | Year ended October 31, 2019 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $35,248,900 | $30,035,022 |
Net realized gain (loss) | (16,721,752) | (2,449,202) |
Change in net unrealized appreciation (depreciation) | (68,510,767) | 73,682,955 |
Net increase (decrease) in net assets resulting from operations | (49,983,619) | 101,268,775 |
Distributions to shareholders | (32,813,228) | (3,263,555) |
Share transactions | ||
Proceeds from sales of shares | 883,998,983 | 964,418,831 |
Reinvestment of distributions | 30,381,153 | 3,048,245 |
Cost of shares redeemed | (441,068,830) | (198,941,902) |
Net increase (decrease) in net assets resulting from share transactions | 473,311,306 | 768,525,174 |
Total increase (decrease) in net assets | 390,514,459 | 866,530,394 |
Net Assets | ||
Beginning of period | 1,260,502,522 | 393,972,128 |
End of period | $1,651,016,981 | $1,260,502,522 |
Other Information | ||
Shares | ||
Sold | 92,059,244 | 101,736,750 |
Issued in reinvestment of distributions | 2,961,126 | 343,203 |
Redeemed | (48,663,965) | (20,899,353) |
Net increase (decrease) | 46,356,405 | 81,180,600 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO International Index Fund
Years ended October 31, | 2020 | 2019 | 2018 A |
Selected Per–Share Data | |||
Net asset value, beginning of period | $10.14 | $9.13 | $10.00 |
Income from Investment Operations | |||
Net investment income (loss)B | .23 | .32 | .06 |
Net realized and unrealized gain (loss) | (.45) | .75 | (.93) |
Total from investment operations | (.22) | 1.07 | (.87) |
Distributions from net investment income | (.25) | (.06) | – |
Total distributions | (.25) | (.06) | – |
Net asset value, end of period | $9.67 | $10.14 | $9.13 |
Total ReturnC,D | (2.34)% | 11.79% | (8.70)% |
Ratios to Average Net AssetsE,F | |||
Expenses before reductionsG | -% | -% | - %H |
Expenses net of fee waivers, if anyG | -% | -% | - %H |
Expenses net of all reductionsG | -% | -% | - %H |
Net investment income (loss) | 2.39% | 3.34% | 2.42%H |
Supplemental Data | |||
Net assets, end of period (000 omitted) | $1,651,017 | $1,260,503 | $393,972 |
Portfolio turnover rateI | 8% | 4% | - %J,K |
A For the period August 2, 2018 (commencement of operations) to October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount represents less than .005%.
H Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Amount represents less than 1%.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ Large Cap Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2020 | Past 1 year | Life of fundA |
Fidelity ZERO℠ Large Cap Index Fund | 11.45% | 8.63% |
A From September 13, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO℠ Large Cap Index Fund on September 13, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Large Cap Index℠ performed over the same period.
Period Ending Values | ||
$11,931 | Fidelity ZERO℠ Large Cap Index Fund | |
$11,927 | Fidelity U.S. Large Cap Index℠ |
Fidelity ZERO℠ Large Cap Index Fund
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 9.71% for the 12 months ending October 31, 2020, a volatile period marked by a steep but brief decline due to the early-2020 outbreak and spread of the coronavirus, followed by a historic rebound. Declared a pandemic on March 11, the COVID-19 crisis and containment efforts caused broad contraction in economic activity, along with extreme uncertainty, volatility and dislocation in financial markets. By mid-March, U.S. stocks had entered bear-market territory less than a month after hitting an all-time high and extending the longest-running bull market in American history. A historically rapid and expansive U.S. monetary/fiscal-policy response provided a partial offset to the economic disruption and fueled a sharp uptrend beginning March 24. Other supporting factors included resilient corporate earnings, near-term potential for a COVID-19 vaccine breakthrough and traction on a broader economic reopening. The historic rally lasted until September 2, when the S&P 500 achieved an all-time high, before retreating through October 31. The loss of momentum reflected Congress’s inability to reach a deal on additional fiscal stimulus, as well as concerns about election uncertainty, indications the U.S. economic recovery is stalling, a second wave of COVID-19 cases, and stretched valuations and crowded positioning in big tech. Growth stocks dominated value shares for the year. By sector, information technology (+34%) led. In contrast, energy (-46%) fell hard along with the price of crude oil.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2020, the fund gained 11.45%, roughly in line with the 11.53% advance of the benchmark Fidelity U.S. Large Cap Index. By sector, information technology gained 36% and contributed most. Consumer discretionary stocks also helped, gaining 35%. The communication services sector rose 17%, boosted by the media & entertainment industry (+25%). Other notable contributors included the health care (+11%), consumer staples (+5%), and materials (+12%) sectors. Conversely, financials returned roughly -15% and detracted most. This group was hampered by the banks (-27%) industry. Energy (-46%) and real estate (-10%) also hurt. Other notable detractors included the industrials (-1%) and utilities (-0%) sectors. Turning to individual stocks, the top contributor was Apple (+77%), from the technology hardware & equipment segment. In retailing, Amazon.com (+71%) was helpful, and Microsoft (+43%) from the software & services group also contributed. Alphabet, within the media & entertainment industry, rose about 29% and Nvidia, within the semiconductors & semiconductor equipment category, gained about 150% and boosted the fund. Conversely, the biggest individual detractor was Exxon Mobil (-48%), from the energy sector. In banks, Wells Fargo (-57%) and JPMorgan Chase (-19%) hurt. Boeing, within the capital goods group, returned approximately -57% and hindered the fund. Another detractor was Chevron (-37%), a stock in the energy sector.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO℠ Large Cap Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2020
% of fund's net assets | |
Apple, Inc. | 6.2 |
Microsoft Corp. | 5.4 |
Amazon.com, Inc. | 4.6 |
Facebook, Inc. Class A | 2.3 |
Alphabet, Inc. Class A | 1.7 |
Alphabet, Inc. Class C | 1.7 |
Berkshire Hathaway, Inc. Class B | 1.4 |
Johnson & Johnson | 1.3 |
Procter & Gamble Co. | 1.2 |
NVIDIA Corp. | 1.1 |
26.9 |
Top Market Sectors as of October 31, 2020
% of fund's net assets | |
Information Technology | 27.8 |
Health Care | 13.8 |
Consumer Discretionary | 11.9 |
Communication Services | 11.2 |
Financials | 9.8 |
Industrials | 7.9 |
Consumer Staples | 6.7 |
Utilities | 3.1 |
Real Estate | 2.7 |
Materials | 2.5 |
Asset Allocation (% of fund's net assets)
As of October 31, 2020 * | ||
Stocks and Equity Futures | 99.9% | |
Short-Term Investments and Net Other Assets (Liabilities) | 0.1% |
* Foreign investments - 3.3%
Fidelity ZERO℠ Large Cap Index Fund
Schedule of Investments October 31, 2020
Showing Percentage of Net Assets
Common Stocks - 99.3% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 11.2% | |||
Diversified Telecommunication Services - 1.6% | |||
AT&T, Inc. | 598,968 | $16,184,115 | |
CenturyLink, Inc. | 83,633 | 720,916 | |
Liberty Global PLC: | |||
Class A (a) | 10,723 | 203,523 | |
Class C (a) | 32,094 | 598,874 | |
Verizon Communications, Inc. | 347,770 | 19,819,412 | |
37,526,840 | |||
Entertainment - 2.0% | |||
Activision Blizzard, Inc. | 64,931 | 4,917,225 | |
Electronic Arts, Inc. (a) | 24,304 | 2,912,348 | |
Live Nation Entertainment, Inc. (a) | 11,971 | 584,185 | |
Netflix, Inc. (a) | 37,078 | 17,639,488 | |
Roku, Inc. Class A (a) | 8,907 | 1,802,777 | |
Take-Two Interactive Software, Inc. (a) | 9,627 | 1,491,415 | |
The Walt Disney Co. | 151,930 | 18,421,513 | |
47,768,951 | |||
Interactive Media & Services - 6.0% | |||
Alphabet, Inc.: | |||
Class A (a) | 25,251 | 40,808,394 | |
Class C (a) | 24,691 | 40,024,358 | |
Facebook, Inc. Class A (a) | 202,119 | 53,179,530 | |
InterActiveCorp (a) | 6,698 | 808,583 | |
Match Group, Inc. (a) | 16,041 | 1,873,268 | |
Snap, Inc. Class A (a) | 75,359 | 2,968,391 | |
Twitter, Inc. (a) | 66,535 | 2,751,888 | |
142,414,412 | |||
Media - 1.4% | |||
Charter Communications, Inc. Class A (a) | 12,578 | 7,594,848 | |
Comcast Corp. Class A | 383,280 | 16,189,747 | |
Discovery Communications, Inc.: | |||
Class A (a)(b) | 13,084 | 264,820 | |
Class C (non-vtg.) (a) | 20,649 | 378,290 | |
DISH Network Corp. Class A (a) | 20,457 | 521,449 | |
Fox Corp.: | |||
Class A | 28,264 | 749,561 | |
Class B | 13,764 | 359,791 | |
Liberty Broadband Corp.: | |||
Class A (a) | 1,920 | 269,856 | |
Class C (a) | 12,939 | 1,833,586 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 877 | 18,154 | |
Liberty Braves Class C (a) | 2,968 | 60,755 | |
Liberty Formula One Group Series C (a) | 16,867 | 609,405 | |
Liberty Media Class A (a) | 2,322 | 77,323 | |
Liberty SiriusXM Series A (a) | 7,266 | 251,186 | |
Liberty SiriusXM Series C (a) | 14,519 | 502,357 | |
Omnicom Group, Inc. | 17,995 | 849,364 | |
ViacomCBS, Inc. Class B | 47,503 | 1,357,161 | |
31,887,653 | |||
Wireless Telecommunication Services - 0.2% | |||
T-Mobile U.S., Inc. | 48,906 | 5,358,630 | |
TOTAL COMMUNICATION SERVICES | 264,956,486 | ||
CONSUMER DISCRETIONARY - 11.9% | |||
Auto Components - 0.1% | |||
Aptiv PLC | 22,621 | 2,182,700 | |
Automobiles - 1.3% | |||
Ford Motor Co. | 328,822 | 2,541,794 | |
General Motors Co. | 105,926 | 3,657,625 | |
Tesla, Inc. (a) | 62,667 | 24,317,303 | |
30,516,722 | |||
Distributors - 0.1% | |||
Genuine Parts Co. | 12,110 | 1,095,107 | |
LKQ Corp. (a) | 23,630 | 755,924 | |
1,851,031 | |||
Hotels, Restaurants & Leisure - 1.6% | |||
ARAMARK Holdings Corp. | 21,387 | 593,275 | |
Carnival Corp. (b) | 42,901 | 588,173 | |
Chipotle Mexican Grill, Inc. (a) | 2,352 | 2,825,881 | |
Darden Restaurants, Inc. | 10,855 | 997,792 | |
Domino's Pizza, Inc. | 3,312 | 1,252,996 | |
Hilton Worldwide Holdings, Inc. | 23,367 | 2,051,856 | |
Las Vegas Sands Corp. | 27,663 | 1,329,484 | |
Marriott International, Inc. Class A | 22,398 | 2,080,326 | |
McDonald's Corp. | 62,539 | 13,320,807 | |
MGM Mirage, Inc. | 34,563 | 710,961 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 17,242 | 286,734 | |
Royal Caribbean Cruises Ltd. | 14,949 | 843,423 | |
Starbucks Corp. | 98,282 | 8,546,603 | |
Wynn Resorts Ltd. | 8,194 | 593,491 | |
Yum! Brands, Inc. | 25,361 | 2,366,942 | |
38,388,744 | |||
Household Durables - 0.3% | |||
D.R. Horton, Inc. | 27,780 | 1,855,982 | |
Garmin Ltd. | 12,572 | 1,307,739 | |
Lennar Corp.: | |||
Class A | 22,550 | 1,583,687 | |
Class B | 1,989 | 113,154 | |
NVR, Inc. (a) | 293 | 1,158,255 | |
PulteGroup, Inc. | 22,517 | 917,793 | |
6,936,610 | |||
Internet & Direct Marketing Retail - 5.0% | |||
Amazon.com, Inc. (a) | 35,791 | 108,666,845 | |
eBay, Inc. | 55,945 | 2,664,660 | |
Expedia, Inc. | 11,319 | 1,065,684 | |
The Booking Holdings, Inc. (a) | 3,444 | 5,587,890 | |
117,985,079 | |||
Leisure Products - 0.0% | |||
Hasbro, Inc. | 10,696 | 884,773 | |
Multiline Retail - 0.5% | |||
Dollar General Corp. | 20,939 | 4,370,179 | |
Dollar Tree, Inc. (a) | 19,973 | 1,803,961 | |
Target Corp. | 42,085 | 6,406,179 | |
12,580,319 | |||
Specialty Retail - 2.3% | |||
AutoZone, Inc. (a) | 1,965 | 2,218,446 | |
Best Buy Co., Inc. | 19,380 | 2,161,839 | |
Burlington Stores, Inc. (a) | 5,492 | 1,063,141 | |
CarMax, Inc. (a) | 13,745 | 1,188,118 | |
Lowe's Companies, Inc. | 63,533 | 10,044,567 | |
O'Reilly Automotive, Inc. (a) | 6,230 | 2,720,018 | |
Ross Stores, Inc. | 29,953 | 2,551,097 | |
The Home Depot, Inc. | 90,480 | 24,131,921 | |
Tiffany & Co., Inc. | 9,087 | 1,188,943 | |
TJX Companies, Inc. | 100,839 | 5,122,621 | |
Tractor Supply Co. | 9,790 | 1,304,126 | |
Ulta Beauty, Inc. (a) | 4,731 | 978,229 | |
54,673,066 | |||
Textiles, Apparel & Luxury Goods - 0.7% | |||
lululemon athletica, Inc. (a) | 9,965 | 3,181,725 | |
NIKE, Inc. Class B | 104,644 | 12,565,652 | |
VF Corp. | 26,744 | 1,797,197 | |
17,544,574 | |||
TOTAL CONSUMER DISCRETIONARY | 283,543,618 | ||
CONSUMER STAPLES - 6.7% | |||
Beverages - 1.6% | |||
Brown-Forman Corp. Class B (non-vtg.) | 15,366 | 1,071,164 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 14,143 | 2,336,848 | |
Molson Coors Beverage Co. Class B | 15,976 | 563,314 | |
Monster Beverage Corp. (a) | 31,068 | 2,378,877 | |
PepsiCo, Inc. | 116,393 | 15,514,023 | |
The Coca-Cola Co. | 324,996 | 15,619,308 | |
37,483,534 | |||
Food & Staples Retailing - 1.5% | |||
Costco Wholesale Corp. | 37,112 | 13,271,993 | |
Kroger Co. | 65,432 | 2,107,565 | |
Sysco Corp. | 42,806 | 2,367,600 | |
Walgreens Boots Alliance, Inc. | 60,563 | 2,061,565 | |
Walmart, Inc. | 116,719 | 16,194,761 | |
36,003,484 | |||
Food Products - 1.0% | |||
Archer Daniels Midland Co. | 46,767 | 2,162,506 | |
Conagra Brands, Inc. | 41,125 | 1,443,076 | |
General Mills, Inc. | 51,380 | 3,037,586 | |
Hormel Foods Corp. | 23,475 | 1,142,998 | |
Kellogg Co. | 21,362 | 1,343,456 | |
Lamb Weston Holdings, Inc. | 12,115 | 768,697 | |
McCormick & Co., Inc. (non-vtg.) | 10,376 | 1,872,972 | |
Mondelez International, Inc. | 120,080 | 6,378,650 | |
The Hershey Co. | 12,406 | 1,705,329 | |
The J.M. Smucker Co. | 9,512 | 1,067,246 | |
The Kraft Heinz Co. | 53,751 | 1,644,243 | |
Tyson Foods, Inc. Class A | 24,813 | 1,420,048 | |
23,986,807 | |||
Household Products - 1.8% | |||
Church & Dwight Co., Inc. | 20,810 | 1,839,396 | |
Clorox Co. | 10,624 | 2,201,824 | |
Colgate-Palmolive Co. | 72,052 | 5,684,182 | |
Kimberly-Clark Corp. | 28,680 | 3,802,681 | |
Procter & Gamble Co. | 209,215 | 28,683,377 | |
42,211,460 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 18,972 | 4,167,390 | |
Tobacco - 0.6% | |||
Altria Group, Inc. | 156,273 | 5,638,330 | |
Philip Morris International, Inc. | 130,923 | 9,298,151 | |
14,936,481 | |||
TOTAL CONSUMER STAPLES | 158,789,156 | ||
ENERGY - 1.9% | |||
Energy Equipment & Services - 0.2% | |||
Baker Hughes Co. Class A | 54,688 | 807,742 | |
Halliburton Co. | 73,184 | 882,599 | |
Schlumberger Ltd. | 117,452 | 1,754,733 | |
3,445,074 | |||
Oil, Gas & Consumable Fuels - 1.7% | |||
Apache Corp. | 19,990 | 165,917 | |
Cheniere Energy, Inc. (a) | 19,304 | 924,082 | |
Chevron Corp. | 161,962 | 11,256,359 | |
Concho Resources, Inc. | 16,556 | 687,240 | |
ConocoPhillips Co. | 89,907 | 2,573,138 | |
Diamondback Energy, Inc. | 9,580 | 248,697 | |
EOG Resources, Inc. | 49,124 | 1,682,006 | |
Exxon Mobil Corp. | 355,732 | 11,603,978 | |
Hess Corp. | 22,815 | 849,174 | |
Kinder Morgan, Inc. | 164,464 | 1,957,122 | |
Marathon Petroleum Corp. | 54,884 | 1,619,078 | |
Occidental Petroleum Corp. | 59,803 | 546,001 | |
ONEOK, Inc. | 37,031 | 1,073,899 | |
Phillips 66 Co. | 36,881 | 1,720,867 | |
Pioneer Natural Resources Co. | 13,804 | 1,098,246 | |
The Williams Companies, Inc. | 102,252 | 1,962,216 | |
Valero Energy Corp. | 34,438 | 1,329,651 | |
41,297,671 | |||
TOTAL ENERGY | 44,742,745 | ||
FINANCIALS - 9.8% | |||
Banks - 3.3% | |||
Bank of America Corp. | 641,048 | 15,192,838 | |
Citigroup, Inc. | 175,085 | 7,252,021 | |
Citizens Financial Group, Inc. | 35,722 | 973,425 | |
Fifth Third Bancorp | 59,803 | 1,388,626 | |
First Republic Bank | 14,491 | 1,827,895 | |
Huntington Bancshares, Inc. | 85,375 | 891,315 | |
JPMorgan Chase & Co. | 256,217 | 25,119,515 | |
KeyCorp | 82,096 | 1,065,606 | |
M&T Bank Corp. | 10,787 | 1,117,317 | |
PNC Financial Services Group, Inc. | 35,736 | 3,998,144 | |
Regions Financial Corp. | 81,136 | 1,079,109 | |
SVB Financial Group (a) | 4,327 | 1,257,859 | |
Truist Financial Corp. | 113,385 | 4,775,776 | |
U.S. Bancorp | 115,357 | 4,493,155 | |
Wells Fargo & Co. | 346,491 | 7,432,232 | |
77,864,833 | |||
Capital Markets - 2.6% | |||
Ameriprise Financial, Inc. | 10,127 | 1,628,725 | |
Bank of New York Mellon Corp. | 68,604 | 2,357,233 | |
BlackRock, Inc. Class A | 11,922 | 7,143,782 | |
Cboe Global Markets, Inc. | 9,123 | 741,609 | |
Charles Schwab Corp. | 124,568 | 5,120,990 | |
CME Group, Inc. | 30,154 | 4,544,811 | |
FactSet Research Systems, Inc. | 3,174 | 972,831 | |
Goldman Sachs Group, Inc. | 28,935 | 5,469,872 | |
Intercontinental Exchange, Inc. | 47,187 | 4,454,453 | |
MarketAxess Holdings, Inc. | 3,175 | 1,710,849 | |
Moody's Corp. | 13,570 | 3,567,553 | |
Morgan Stanley | 120,087 | 5,782,189 | |
MSCI, Inc. | 7,033 | 2,460,425 | |
Northern Trust Corp. | 17,537 | 1,372,621 | |
Raymond James Financial, Inc. | 10,199 | 779,612 | |
S&P Global, Inc. | 20,258 | 6,537,864 | |
State Street Corp. | 29,490 | 1,736,961 | |
T. Rowe Price Group, Inc. | 19,098 | 2,418,953 | |
The Blackstone Group LP | 56,427 | 2,845,049 | |
The NASDAQ OMX Group, Inc. | 9,686 | 1,171,909 | |
62,818,291 | |||
Consumer Finance - 0.5% | |||
Ally Financial, Inc. | 31,438 | 838,766 | |
American Express Co. | 54,837 | 5,003,328 | |
Capital One Financial Corp. | 38,442 | 2,809,341 | |
Discover Financial Services | 25,807 | 1,677,713 | |
Synchrony Financial | 45,361 | 1,134,932 | |
11,464,080 | |||
Diversified Financial Services - 1.4% | |||
Berkshire Hathaway, Inc. Class B (a) | 166,599 | 33,636,338 | |
Equitable Holdings, Inc. | 34,212 | 735,216 | |
34,371,554 | |||
Insurance - 1.9% | |||
AFLAC, Inc. | 55,663 | 1,889,759 | |
Alleghany Corp. | 1,206 | 659,598 | |
Allstate Corp. | 26,272 | 2,331,640 | |
American International Group, Inc. | 72,558 | 2,284,851 | |
Aon PLC | 19,477 | 3,583,963 | |
Arch Capital Group Ltd. (a) | 34,062 | 1,029,013 | |
Arthur J. Gallagher & Co. | 16,095 | 1,669,212 | |
Brown & Brown, Inc. | 19,619 | 853,623 | |
Chubb Ltd. | 37,958 | 4,931,124 | |
Cincinnati Financial Corp. | 12,488 | 883,401 | |
Everest Re Group Ltd. | 3,361 | 662,386 | |
FNF Group | 24,532 | 767,606 | |
Globe Life, Inc. | 8,255 | 669,398 | |
Hartford Financial Services Group, Inc. | 28,567 | 1,100,401 | |
Lincoln National Corp. | 12,370 | 434,187 | |
Loews Corp. | 20,091 | 696,756 | |
Markel Corp. (a) | 1,156 | 1,078,317 | |
Marsh & McLennan Companies, Inc. | 42,574 | 4,404,706 | |
MetLife, Inc. | 65,025 | 2,461,196 | |
Principal Financial Group, Inc. | 21,354 | 837,504 | |
Progressive Corp. | 49,208 | 4,522,215 | |
Prudential Financial, Inc. | 33,344 | 2,134,683 | |
The Travelers Companies, Inc. | 21,313 | 2,572,692 | |
W.R. Berkley Corp. | 11,857 | 712,843 | |
Willis Towers Watson PLC | 10,839 | 1,977,901 | |
45,148,975 | |||
Mortgage Real Estate Investment Trusts - 0.1% | |||
AGNC Investment Corp. | 46,622 | 651,309 | |
Annaly Capital Management, Inc. | 118,210 | 838,109 | |
1,489,418 | |||
TOTAL FINANCIALS | 233,157,151 | ||
HEALTH CARE - 13.8% | |||
Biotechnology - 2.2% | |||
AbbVie, Inc. | 148,347 | 12,624,330 | |
Alexion Pharmaceuticals, Inc. (a) | 18,441 | 2,123,297 | |
Alnylam Pharmaceuticals, Inc. (a) | 9,761 | 1,200,310 | |
Amgen, Inc. | 49,239 | 10,681,909 | |
Biogen, Inc. (a) | 13,316 | 3,356,564 | |
BioMarin Pharmaceutical, Inc. (a) | 15,263 | 1,136,025 | |
Exact Sciences Corp. (a) | 12,635 | 1,564,592 | |
Gilead Sciences, Inc. | 105,405 | 6,129,301 | |
Incyte Corp. (a) | 15,658 | 1,356,609 | |
Regeneron Pharmaceuticals, Inc. (a) | 8,791 | 4,778,436 | |
Seagen, Inc. (a) | 10,191 | 1,699,859 | |
Vertex Pharmaceuticals, Inc. (a) | 21,904 | 4,563,917 | |
51,215,149 | |||
Health Care Equipment & Supplies - 3.9% | |||
Abbott Laboratories | 148,833 | 15,643,837 | |
Align Technology, Inc. (a) | 6,028 | 2,568,410 | |
Baxter International, Inc. | 42,563 | 3,301,612 | |
Becton, Dickinson & Co. | 24,369 | 5,632,407 | |
Boston Scientific Corp. (a) | 120,315 | 4,123,195 | |
Danaher Corp. | 53,053 | 12,177,786 | |
Dentsply Sirona, Inc. | 18,256 | 861,501 | |
DexCom, Inc. (a) | 8,050 | 2,572,619 | |
Edwards Lifesciences Corp. (a) | 52,290 | 3,748,670 | |
Hologic, Inc. (a) | 21,789 | 1,499,519 | |
IDEXX Laboratories, Inc. (a) | 7,151 | 3,037,888 | |
Insulet Corp. (a) | 5,523 | 1,227,487 | |
Intuitive Surgical, Inc. (a) | 9,839 | 6,563,400 | |
Medtronic PLC | 112,993 | 11,363,706 | |
ResMed, Inc. | 12,185 | 2,338,789 | |
STERIS PLC | 7,159 | 1,268,503 | |
Stryker Corp. | 27,472 | 5,549,619 | |
Teleflex, Inc. | 3,917 | 1,246,507 | |
The Cooper Companies, Inc. | 4,132 | 1,318,315 | |
Varian Medical Systems, Inc. (a) | 7,653 | 1,322,438 | |
West Pharmaceutical Services, Inc. | 6,210 | 1,689,555 | |
Zimmer Biomet Holdings, Inc. | 17,419 | 2,301,050 | |
91,356,813 | |||
Health Care Providers & Services - 2.5% | |||
AmerisourceBergen Corp. | 12,367 | 1,188,098 | |
Anthem, Inc. | 21,149 | 5,769,447 | |
Cardinal Health, Inc. | 24,637 | 1,128,128 | |
Centene Corp. (a) | 48,734 | 2,880,179 | |
Cigna Corp. | 30,878 | 5,155,700 | |
CVS Health Corp. | 110,040 | 6,172,144 | |
HCA Holdings, Inc. | 22,175 | 2,748,370 | |
Henry Schein, Inc. (a) | 11,938 | 759,018 | |
Humana, Inc. | 11,124 | 4,441,591 | |
Laboratory Corp. of America Holdings (a) | 8,196 | 1,637,315 | |
McKesson Corp. | 13,650 | 2,013,239 | |
Quest Diagnostics, Inc. | 11,301 | 1,380,304 | |
UnitedHealth Group, Inc. | 79,882 | 24,375,193 | |
Universal Health Services, Inc. Class B | 6,494 | 711,418 | |
60,360,144 | |||
Health Care Technology - 0.2% | |||
Cerner Corp. | 25,569 | 1,792,131 | |
Veeva Systems, Inc. Class A (a) | 11,355 | 3,066,418 | |
4,858,549 | |||
Life Sciences Tools & Services - 1.2% | |||
Agilent Technologies, Inc. | 25,931 | 2,647,296 | |
Illumina, Inc. (a) | 12,279 | 3,594,063 | |
IQVIA Holdings, Inc. (a) | 16,100 | 2,479,239 | |
Mettler-Toledo International, Inc. (a) | 2,015 | 2,010,789 | |
PerkinElmer, Inc. | 9,387 | 1,216,086 | |
Thermo Fisher Scientific, Inc. | 33,249 | 15,730,767 | |
Waters Corp. (a) | 5,187 | 1,155,767 | |
28,834,007 | |||
Pharmaceuticals - 3.8% | |||
Bristol-Myers Squibb Co. | 189,505 | 11,076,567 | |
Elanco Animal Health, Inc. (a) | 27,399 | 849,643 | |
Eli Lilly & Co. | 66,742 | 8,707,161 | |
Johnson & Johnson | 221,315 | 30,344,500 | |
Merck & Co., Inc. | 212,623 | 15,991,376 | |
Mylan NV (a) | 43,159 | 627,532 | |
Pfizer, Inc. | 467,143 | 16,574,234 | |
Zoetis, Inc. Class A | 39,954 | 6,334,707 | |
90,505,720 | |||
TOTAL HEALTH CARE | 327,130,382 | ||
INDUSTRIALS - 7.9% | |||
Aerospace & Defense - 1.5% | |||
General Dynamics Corp. | 19,467 | 2,556,601 | |
Harris Corp. | 18,195 | 2,931,396 | |
HEICO Corp. | 3,447 | 362,107 | |
HEICO Corp. Class A | 6,203 | 579,981 | |
Howmet Aerospace, Inc. | 32,493 | 560,504 | |
Huntington Ingalls Industries, Inc. | 3,440 | 507,331 | |
Lockheed Martin Corp. | 20,685 | 7,242,439 | |
Northrop Grumman Corp. | 13,045 | 3,780,702 | |
Raytheon Technologies Corp. | 128,513 | 6,980,826 | |
Teledyne Technologies, Inc. (a) | 3,076 | 950,945 | |
Textron, Inc. | 19,043 | 681,739 | |
The Boeing Co. | 44,626 | 6,443,548 | |
TransDigm Group, Inc. | 4,565 | 2,179,377 | |
35,757,496 | |||
Air Freight & Logistics - 0.7% | |||
Expeditors International of Washington, Inc. | 14,123 | 1,248,050 | |
FedEx Corp. | 20,267 | 5,258,678 | |
United Parcel Service, Inc. Class B | 59,436 | 9,337,990 | |
15,844,718 | |||
Airlines - 0.2% | |||
American Airlines Group, Inc. (b) | 42,500 | 479,400 | |
Delta Air Lines, Inc. | 53,765 | 1,647,360 | |
Southwest Airlines Co. | 49,662 | 1,963,139 | |
United Airlines Holdings, Inc. (a) | 24,541 | 830,958 | |
4,920,857 | |||
Building Products - 0.4% | |||
Allegion PLC | 7,785 | 766,823 | |
Carrier Global Corp. | 68,478 | 2,286,480 | |
Fortune Brands Home & Security, Inc. | 11,617 | 939,467 | |
Johnson Controls International PLC | 62,609 | 2,642,726 | |
Masco Corp. | 22,055 | 1,182,148 | |
Trane Technologies PLC | 20,133 | 2,672,656 | |
10,490,300 | |||
Commercial Services & Supplies - 0.4% | |||
Cintas Corp. | 7,314 | 2,300,619 | |
Copart, Inc. (a) | 17,284 | 1,907,462 | |
Republic Services, Inc. | 17,624 | 1,553,908 | |
Waste Management, Inc. | 32,689 | 3,527,470 | |
9,289,459 | |||
Construction & Engineering - 0.0% | |||
Jacobs Engineering Group, Inc. | 10,929 | 1,038,255 | |
Electrical Equipment - 0.5% | |||
AMETEK, Inc. | 19,337 | 1,898,893 | |
Eaton Corp. PLC | 33,648 | 3,492,326 | |
Emerson Electric Co. | 50,287 | 3,258,095 | |
Rockwell Automation, Inc. | 9,759 | 2,314,054 | |
10,963,368 | |||
Industrial Conglomerates - 1.1% | |||
3M Co. | 48,432 | 7,747,183 | |
General Electric Co. | 736,182 | 5,462,470 | |
Honeywell International, Inc. | 59,013 | 9,734,194 | |
Roper Technologies, Inc. | 8,806 | 3,270,020 | |
26,213,867 | |||
Machinery - 1.5% | |||
Caterpillar, Inc. | 45,528 | 7,150,172 | |
Cummins, Inc. | 12,423 | 2,731,693 | |
Deere & Co. | 26,341 | 5,950,695 | |
Dover Corp. | 12,130 | 1,342,912 | |
Fortive Corp. | 28,384 | 1,748,454 | |
IDEX Corp. | 6,299 | 1,073,287 | |
Illinois Tool Works, Inc. | 24,183 | 4,736,966 | |
Otis Worldwide Corp. | 34,228 | 2,097,492 | |
PACCAR, Inc. | 29,119 | 2,486,180 | |
Parker Hannifin Corp. | 10,821 | 2,254,664 | |
Stanley Black & Decker, Inc. | 13,437 | 2,233,229 | |
Westinghouse Air Brake Co. | 14,940 | 885,942 | |
Xylem, Inc. | 15,141 | 1,319,387 | |
36,011,073 | |||
Professional Services - 0.4% | |||
CoStar Group, Inc. (a) | 3,311 | 2,726,973 | |
Equifax, Inc. | 10,152 | 1,386,763 | |
IHS Markit Ltd. | 31,259 | 2,527,915 | |
TransUnion Holding Co., Inc. | 16,045 | 1,278,145 | |
Verisk Analytics, Inc. | 13,672 | 2,433,206 | |
10,353,002 | |||
Road & Rail - 1.0% | |||
CSX Corp. | 64,339 | 5,078,921 | |
Kansas City Southern | 7,937 | 1,398,023 | |
Lyft, Inc. (a) | 20,262 | 462,581 | |
Norfolk Southern Corp. | 21,451 | 4,485,833 | |
Old Dominion Freight Lines, Inc. | 8,096 | 1,541,236 | |
Union Pacific Corp. | 57,070 | 10,112,233 | |
23,078,827 | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. | 48,305 | 2,088,225 | |
United Rentals, Inc. (a) | 6,053 | 1,079,189 | |
W.W. Grainger, Inc. | 3,792 | 1,327,276 | |
4,494,690 | |||
TOTAL INDUSTRIALS | 188,455,912 | ||
INFORMATION TECHNOLOGY - 27.8% | |||
Communications Equipment - 0.7% | |||
Arista Networks, Inc. (a)(b) | 4,588 | 958,433 | |
Cisco Systems, Inc. | 355,914 | 12,777,313 | |
Motorola Solutions, Inc. | 14,287 | 2,258,203 | |
15,993,949 | |||
Electronic Equipment & Components - 0.6% | |||
Amphenol Corp. Class A | 25,000 | 2,821,000 | |
CDW Corp. | 12,020 | 1,473,652 | |
Corning, Inc. | 64,074 | 2,048,446 | |
Keysight Technologies, Inc. (a) | 15,757 | 1,652,437 | |
TE Connectivity Ltd. | 27,787 | 2,692,005 | |
Trimble, Inc. (a) | 20,859 | 1,003,944 | |
Vontier Corp. (a) | 11,120 | 319,589 | |
Zebra Technologies Corp. Class A (a) | 4,497 | 1,275,529 | |
13,286,602 | |||
IT Services - 5.7% | |||
Accenture PLC Class A | 53,483 | 11,600,998 | |
Akamai Technologies, Inc. (a) | 13,704 | 1,303,524 | |
Amdocs Ltd. | 11,219 | 632,527 | |
Automatic Data Processing, Inc. | 36,155 | 5,711,044 | |
Black Knight, Inc. (a) | 13,099 | 1,152,057 | |
Booz Allen Hamilton Holding Corp. Class A | 11,547 | 906,440 | |
Broadridge Financial Solutions, Inc. | 9,700 | 1,334,720 | |
Cognizant Technology Solutions Corp. Class A | 45,606 | 3,257,181 | |
EPAM Systems, Inc. (a) | 4,701 | 1,452,374 | |
Fidelity National Information Services, Inc. | 52,098 | 6,490,890 | |
Fiserv, Inc. (a) | 46,758 | 4,463,986 | |
FleetCor Technologies, Inc. (a) | 7,079 | 1,563,822 | |
Gartner, Inc. (a) | 7,497 | 900,390 | |
Global Payments, Inc. | 25,177 | 3,971,420 | |
GoDaddy, Inc. (a) | 13,915 | 984,347 | |
IBM Corp. | 74,881 | 8,361,212 | |
Jack Henry & Associates, Inc. | 6,417 | 951,320 | |
Leidos Holdings, Inc. | 11,206 | 930,098 | |
MasterCard, Inc. Class A | 74,261 | 21,434,695 | |
Okta, Inc. (a) | 9,769 | 2,049,829 | |
Paychex, Inc. | 26,847 | 2,208,166 | |
PayPal Holdings, Inc. (a) | 98,637 | 18,359,305 | |
Square, Inc. (a) | 31,220 | 4,835,354 | |
The Western Union Co. | 34,311 | 667,006 | |
Twilio, Inc. Class A (a) | 11,553 | 3,222,940 | |
VeriSign, Inc. (a) | 8,511 | 1,623,048 | |
Visa, Inc. Class A | 141,723 | 25,752,486 | |
136,121,179 | |||
Semiconductors & Semiconductor Equipment - 4.9% | |||
Advanced Micro Devices, Inc. (a) | 98,704 | 7,431,424 | |
Analog Devices, Inc. | 31,072 | 3,682,964 | |
Applied Materials, Inc. | 76,801 | 4,548,923 | |
Broadcom, Inc. | 33,803 | 11,818,543 | |
Intel Corp. | 357,524 | 15,831,163 | |
KLA-Tencor Corp. | 13,077 | 2,578,523 | |
Lam Research Corp. | 12,246 | 4,189,112 | |
Marvell Technology Group Ltd. | 55,961 | 2,099,097 | |
Maxim Integrated Products, Inc. | 22,467 | 1,564,827 | |
Microchip Technology, Inc. | 21,234 | 2,231,269 | |
Micron Technology, Inc. (a) | 93,433 | 4,703,417 | |
NVIDIA Corp. | 51,868 | 26,004,540 | |
Qorvo, Inc. (a) | 9,620 | 1,225,203 | |
Qualcomm, Inc. | 94,847 | 11,700,326 | |
Skyworks Solutions, Inc. | 13,990 | 1,976,647 | |
Teradyne, Inc. | 13,982 | 1,228,319 | |
Texas Instruments, Inc. | 76,983 | 11,130,972 | |
Xilinx, Inc. | 20,558 | 2,440,029 | |
116,385,298 | |||
Software - 9.5% | |||
Adobe, Inc. (a) | 40,329 | 18,031,096 | |
ANSYS, Inc. (a) | 7,184 | 2,186,594 | |
Autodesk, Inc. (a) | 18,448 | 4,345,242 | |
Cadence Design Systems, Inc. (a) | 23,348 | 2,553,571 | |
Citrix Systems, Inc. | 10,402 | 1,178,235 | |
Coupa Software, Inc. (a) | 5,646 | 1,511,434 | |
DocuSign, Inc. (a) | 15,432 | 3,121,122 | |
Fair Isaac Corp. (a) | 2,419 | 946,918 | |
Fortinet, Inc. (a) | 11,307 | 1,247,954 | |
Guidewire Software, Inc. (a) | 6,992 | 672,001 | |
Intuit, Inc. | 22,019 | 6,928,939 | |
Microsoft Corp. | 636,164 | 128,804,125 | |
Nortonlifelock, Inc. | 49,266 | 1,013,402 | |
Oracle Corp. | 162,518 | 9,118,885 | |
Palo Alto Networks, Inc. (a) | 8,129 | 1,798,054 | |
Paycom Software, Inc. (a) | 4,122 | 1,500,779 | |
RingCentral, Inc. (a) | 6,537 | 1,688,769 | |
Salesforce.com, Inc. (a) | 76,503 | 17,769,352 | |
ServiceNow, Inc. (a) | 16,126 | 8,023,814 | |
Splunk, Inc. (a) | 13,368 | 2,647,399 | |
SS&C Technologies Holdings, Inc. | 18,885 | 1,118,370 | |
Synopsys, Inc. (a) | 12,779 | 2,732,917 | |
The Trade Desk, Inc. (a) | 3,511 | 1,988,806 | |
Tyler Technologies, Inc. (a) | 3,390 | 1,303,048 | |
VMware, Inc. Class A (a)(b) | 6,706 | 863,263 | |
Workday, Inc. Class A (a) | 14,638 | 3,075,737 | |
226,169,826 | |||
Technology Hardware, Storage & Peripherals - 6.4% | |||
Apple, Inc. | 1,351,456 | 147,119,485 | |
Hewlett Packard Enterprise Co. | 107,461 | 928,463 | |
HP, Inc. | 115,587 | 2,075,943 | |
NetApp, Inc. | 18,753 | 823,069 | |
Seagate Technology LLC | 18,627 | 890,743 | |
Western Digital Corp. | 25,230 | 951,928 | |
152,789,631 | |||
TOTAL INFORMATION TECHNOLOGY | 660,746,485 | ||
MATERIALS - 2.5% | |||
Chemicals - 1.7% | |||
Air Products & Chemicals, Inc. | 18,574 | 5,130,882 | |
Celanese Corp. Class A | 9,944 | 1,128,743 | |
Corteva, Inc. | 62,990 | 2,077,410 | |
Dow, Inc. | 62,387 | 2,837,985 | |
DuPont de Nemours, Inc. | 61,800 | 3,515,184 | |
Eastman Chemical Co. | 11,383 | 920,202 | |
Ecolab, Inc. | 20,878 | 3,832,992 | |
FMC Corp. | 10,937 | 1,123,667 | |
International Flavors & Fragrances, Inc. (b) | 8,920 | 915,727 | |
Linde PLC | 44,172 | 9,732,858 | |
LyondellBasell Industries NV Class A | 21,655 | 1,482,285 | |
PPG Industries, Inc. | 19,869 | 2,577,407 | |
Sherwin-Williams Co. | 6,890 | 4,740,182 | |
40,015,524 | |||
Construction Materials - 0.1% | |||
Martin Marietta Materials, Inc. | 5,247 | 1,397,538 | |
Vulcan Materials Co. | 11,152 | 1,615,256 | |
3,012,794 | |||
Containers & Packaging - 0.4% | |||
Amcor PLC | 131,855 | 1,375,248 | |
Avery Dennison Corp. | 7,006 | 969,560 | |
Ball Corp. | 27,472 | 2,445,008 | |
Crown Holdings, Inc. (a) | 11,273 | 967,223 | |
International Paper Co. | 32,944 | 1,441,300 | |
WestRock Co. | 21,700 | 814,835 | |
8,013,174 | |||
Metals & Mining - 0.3% | |||
Arconic Rolled Products Corp. (a) | 7,759 | 168,681 | |
Freeport-McMoRan, Inc. | 121,618 | 2,108,856 | |
Newmont Corp. | 67,597 | 4,247,795 | |
Nucor Corp. | 25,194 | 1,203,265 | |
7,728,597 | |||
TOTAL MATERIALS | 58,770,089 | ||
REAL ESTATE - 2.7% | |||
Equity Real Estate Investment Trusts (REITs) - 2.7% | |||
Alexandria Real Estate Equities, Inc. | 9,886 | 1,497,927 | |
American Tower Corp. | 37,292 | 8,564,108 | |
AvalonBay Communities, Inc. | 11,871 | 1,651,612 | |
Boston Properties, Inc. | 11,941 | 864,648 | |
Camden Property Trust (SBI) | 8,266 | 762,456 | |
Crown Castle International Corp. | 35,285 | 5,511,517 | |
Digital Realty Trust, Inc. | 22,623 | 3,264,499 | |
Duke Realty Corp. | 30,956 | 1,176,018 | |
Equinix, Inc. | 7,445 | 5,444,082 | |
Equity Lifestyle Properties, Inc. | 14,293 | 846,003 | |
Equity Residential (SBI) | 28,597 | 1,343,487 | |
Essex Property Trust, Inc. | 5,453 | 1,115,629 | |
Extra Space Storage, Inc. | 10,857 | 1,258,869 | |
Healthpeak Properties, Inc. | 44,983 | 1,213,192 | |
Host Hotels & Resorts, Inc. | 59,070 | 619,054 | |
Invitation Homes, Inc. | 46,799 | 1,275,741 | |
Medical Properties Trust, Inc. | 44,291 | 789,266 | |
Mid-America Apartment Communities, Inc. | 9,657 | 1,126,296 | |
Prologis (REIT), Inc. | 62,125 | 6,162,800 | |
Public Storage | 12,791 | 2,930,034 | |
Realty Income Corp. | 29,135 | 1,685,751 | |
Regency Centers Corp. | 10,557 | 375,724 | |
SBA Communications Corp. Class A | 9,415 | 2,733,834 | |
Simon Property Group, Inc. | 25,759 | 1,617,923 | |
Sun Communities, Inc. | 8,253 | 1,135,860 | |
UDR, Inc. | 23,514 | 734,577 | |
Ventas, Inc. | 31,450 | 1,241,332 | |
VEREIT, Inc. | 89,942 | 557,640 | |
VICI Properties, Inc. | 44,567 | 1,022,813 | |
Vornado Realty Trust | 13,291 | 408,432 | |
Welltower, Inc. | 35,138 | 1,889,370 | |
Weyerhaeuser Co. | 62,464 | 1,704,643 | |
WP Carey, Inc. | 14,713 | 921,181 | |
63,446,318 | |||
Real Estate Management & Development - 0.0% | |||
CBRE Group, Inc. (a) | 28,101 | 1,416,290 | |
TOTAL REAL ESTATE | 64,862,608 | ||
UTILITIES - 3.1% | |||
Electric Utilities - 1.9% | |||
Alliant Energy Corp. | 20,857 | 1,152,975 | |
American Electric Power Co., Inc. | 41,724 | 3,752,239 | |
Duke Energy Corp. | 61,832 | 5,695,346 | |
Edison International | 31,844 | 1,784,538 | |
Entergy Corp. | 16,873 | 1,707,885 | |
Evergy, Inc. | 18,915 | 1,044,108 | |
Eversource Energy | 28,826 | 2,515,645 | |
Exelon Corp. | 82,025 | 3,271,977 | |
FirstEnergy Corp. | 45,588 | 1,354,875 | |
NextEra Energy, Inc. | 164,649 | 12,053,953 | |
Pinnacle West Capital Corp. | 9,499 | 774,833 | |
PPL Corp. | 64,747 | 1,780,543 | |
Southern Co. | 88,795 | 5,101,273 | |
Xcel Energy, Inc. | 44,192 | 3,094,766 | |
45,084,956 | |||
Gas Utilities - 0.0% | |||
Atmos Energy Corp. | 10,294 | 943,651 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
The AES Corp. | 55,444 | 1,081,158 | |
Vistra Corp. | 41,095 | 713,820 | |
1,794,978 | |||
Multi-Utilities - 1.0% | |||
Ameren Corp. | 20,681 | 1,677,643 | |
CenterPoint Energy, Inc. | 45,434 | 960,020 | |
CMS Energy Corp. | 23,965 | 1,517,703 | |
Consolidated Edison, Inc. | 28,165 | 2,210,671 | |
Dominion Energy, Inc. | 70,634 | 5,674,736 | |
DTE Energy Co. | 16,261 | 2,006,933 | |
NiSource, Inc. | 31,830 | 731,135 | |
Public Service Enterprise Group, Inc. | 42,587 | 2,476,434 | |
Sempra Energy | 24,366 | 3,054,522 | |
WEC Energy Group, Inc. | 26,543 | 2,668,899 | |
22,978,696 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 15,240 | 2,293,772 | |
Essential Utilities, Inc. | 18,617 | 767,020 | |
3,060,792 | |||
TOTAL UTILITIES | 73,863,073 | ||
TOTAL COMMON STOCKS | |||
(Cost $2,115,385,738) | 2,359,017,705 | ||
Money Market Funds - 0.5% | |||
Fidelity Cash Central Fund 0.10% (c) | 9,269,223 | 9,271,077 | |
Fidelity Securities Lending Cash Central Fund 0.11% (c)(d) | 3,987,627 | 3,988,026 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $13,259,081) | 13,259,103 | ||
TOTAL INVESTMENT IN SECURITIES - 99.8% | |||
(Cost $2,128,644,819) | 2,372,276,808 | ||
NET OTHER ASSETS (LIABILITIES) - 0.2% | 3,639,012 | ||
NET ASSETS - 100% | $2,375,915,820 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 89 | Dec. 2020 | $14,527,915 | $5,697 | $5,697 |
The notional amount of futures purchased as a percentage of Net Assets is 0.6%
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(d) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $66,758 |
Fidelity Securities Lending Cash Central Fund | 51,621 |
Total | $118,379 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 2020, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $264,956,486 | $264,956,486 | $-- | $-- |
Consumer Discretionary | 283,543,618 | 283,543,618 | -- | -- |
Consumer Staples | 158,789,156 | 158,789,156 | -- | -- |
Energy | 44,742,745 | 44,742,745 | -- | -- |
Financials | 233,157,151 | 233,157,151 | -- | -- |
Health Care | 327,130,382 | 327,130,382 | -- | -- |
Industrials | 188,455,912 | 188,455,912 | -- | -- |
Information Technology | 660,746,485 | 660,746,485 | -- | -- |
Materials | 58,770,089 | 58,770,089 | -- | -- |
Real Estate | 64,862,608 | 64,862,608 | -- | -- |
Utilities | 73,863,073 | 73,863,073 | -- | -- |
Money Market Funds | 13,259,103 | 13,259,103 | -- | -- |
Total Investments in Securities: | $2,372,276,808 | $2,372,276,808 | $-- | $-- |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $5,697 | $5,697 | $-- | $-- |
Total Assets | $5,697 | $5,697 | $-- | $-- |
Total Derivative Instruments: | $5,697 | $5,697 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2020. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.
Primary Risk Exposure / Derivative Type | Value | |
Asset | Liability | |
Equity Risk | ||
Futures Contracts(a) | $5,697 | $0 |
Total Equity Risk | 5,697 | 0 |
Total Value of Derivatives | $5,697 | $0 |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ Large Cap Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2020 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $3,966,421) — See accompanying schedule: Unaffiliated issuers (cost $2,115,385,738) | $2,359,017,705 | |
Fidelity Central Funds (cost $13,259,081) | 13,259,103 | |
Total Investment in Securities (cost $2,128,644,819) | $2,372,276,808 | |
Segregated cash with brokers for derivative instruments | 792,000 | |
Receivable for fund shares sold | 6,545,780 | |
Dividends receivable | 2,229,736 | |
Distributions receivable from Fidelity Central Funds | 2,255 | |
Total assets | 2,381,846,579 | |
Liabilities | ||
Payable for fund shares redeemed | $1,815,596 | |
Payable for daily variation margin on futures contracts | 126,905 | |
Collateral on securities loaned | 3,988,258 | |
Total liabilities | 5,930,759 | |
Net Assets | $2,375,915,820 | |
Net Assets consist of: | ||
Paid in capital | $2,115,510,349 | |
Total accumulated earnings (loss) | 260,405,471 | |
Net Assets | $2,375,915,820 | |
Net Asset Value, offering price and redemption price per share ($2,375,915,820 ÷ 202,500,882 shares) | $11.73 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2020 | ||
Investment Income | ||
Dividends | $33,666,874 | |
Interest | 1,784 | |
Income from Fidelity Central Funds (including $51,621 from security lending) | 118,379 | |
Total income | 33,787,037 | |
Expenses | ||
Independent trustees' fees and expenses | $9,691 | |
Total expenses before reductions | 9,691 | |
Expense reductions | (942) | |
Total expenses after reductions | 8,749 | |
Net investment income (loss) | 33,778,288 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (9,081,678) | |
Fidelity Central Funds | 748 | |
Futures contracts | 2,095,621 | |
Total net realized gain (loss) | (6,985,309) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 164,242,644 | |
Fidelity Central Funds | 1 | |
Futures contracts | (45,246) | |
Total change in net unrealized appreciation (depreciation) | 164,197,399 | |
Net gain (loss) | 157,212,090 | |
Net increase (decrease) in net assets resulting from operations | $190,990,378 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2020 | Year ended October 31, 2019 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $33,778,288 | $11,924,448 |
Net realized gain (loss) | (6,985,309) | 307,181 |
Change in net unrealized appreciation (depreciation) | 164,197,399 | 84,481,635 |
Net increase (decrease) in net assets resulting from operations | 190,990,378 | 96,713,264 |
Distributions to shareholders | (16,389,623) | (1,065,835) |
Share transactions | ||
Proceeds from sales of shares | 1,786,549,644 | 1,116,627,032 |
Reinvestment of distributions | 15,768,297 | 1,028,110 |
Cost of shares redeemed | (763,781,840) | (155,698,111) |
Net increase (decrease) in net assets resulting from share transactions | 1,038,536,101 | 961,957,031 |
Total increase (decrease) in net assets | 1,213,136,856 | 1,057,604,460 |
Net Assets | ||
Beginning of period | 1,162,778,964 | 105,174,504 |
End of period | $2,375,915,820 | $1,162,778,964 |
Other Information | ||
Shares | ||
Sold | 164,020,717 | 113,488,590 |
Issued in reinvestment of distributions | 1,432,179 | 116,259 |
Redeemed | (72,170,162) | (15,634,451) |
Net increase (decrease) | 93,282,734 | 97,970,398 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO Large Cap Index Fund
Years ended October 31, | 2020 | 2019 | 2018 A |
Selected Per–Share Data | |||
Net asset value, beginning of period | $10.65 | $9.35 | $10.00 |
Income from Investment Operations | |||
Net investment income (loss)B | .20 | .19 | .02 |
Net realized and unrealized gain (loss) | 1.01 | 1.16 | (.67) |
Total from investment operations | 1.21 | 1.35 | (.65) |
Distributions from net investment income | (.13) | (.04) | – |
Distributions from net realized gain | – | (.01) | – |
Total distributions | (.13) | (.05) | – |
Net asset value, end of period | $11.73 | $10.65 | $9.35 |
Total ReturnC,D | 11.45% | 14.50% | (6.50)% |
Ratios to Average Net AssetsE,F | |||
Expenses before reductionsG | -% | -% | - %H |
Expenses net of fee waivers, if anyG | -% | -% | - %H |
Expenses net of all reductionsG | -% | -% | - %H |
Net investment income (loss) | 1.80% | 1.91% | 1.29%H |
Supplemental Data | |||
Net assets, end of period (000 omitted) | $2,375,916 | $1,162,779 | $105,175 |
Portfolio turnover rateI | 5% | 3% | 1%J |
A For the period September 13, 2018 (commencement of operations) to October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount represents less than .005%.
H Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ Total Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2020 | Past 1 year | Life of fundA |
Fidelity ZERO℠ Total Market Index Fund | 9.92% | 8.18% |
A From August 2, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO℠ Total Market Index Fund on August 2, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Total Investable Market Index℠ performed over the same period.
Period Ending Values | ||
$11,935 | Fidelity ZERO℠ Total Market Index Fund | |
$11,926 | Fidelity U.S. Total Investable Market Index℠ |
Fidelity ZERO℠ Total Market Index Fund
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 9.71% for the 12 months ending October 31, 2020, a volatile period marked by a steep but brief decline due to the early-2020 outbreak and spread of the coronavirus, followed by a historic rebound. Declared a pandemic on March 11, the COVID-19 crisis and containment efforts caused broad contraction in economic activity, along with extreme uncertainty, volatility and dislocation in financial markets. By mid-March, U.S. stocks had entered bear-market territory less than a month after hitting an all-time high and extending the longest-running bull market in American history. A historically rapid and expansive U.S. monetary/fiscal-policy response provided a partial offset to the economic disruption and fueled a sharp uptrend beginning March 24. Other supporting factors included resilient corporate earnings, near-term potential for a COVID-19 vaccine breakthrough and traction on a broader economic reopening. The historic rally lasted until September 2, when the S&P 500 achieved an all-time high, before retreating through October 31. The loss of momentum reflected Congress’s inability to reach a deal on additional fiscal stimulus, as well as concerns about election uncertainty, indications the U.S. economic recovery is stalling, a second wave of COVID-19 cases, and stretched valuations and crowded positioning in big tech. Growth stocks dominated value shares for the year. By sector, information technology (+34%) led. In contrast, energy (-46%) fell hard along with the price of crude oil.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2020, the fund gained 9.92%, roughly in line with the 9.91% advance of the benchmark Fidelity U.S. Total Investable Market Index. By sector, information technology gained 34% and contributed most. Consumer discretionary stocks also helped, gaining approximately 30%. The health care sector rose roughly 14%. Other notable contributors included the communication services (+16%), consumer staples (+5%), and materials (+8%) sectors. In contrast, financials returned -15% and detracted most. Energy (-46%) and real estate (-16%) also hurt. Other notable detractors included the industrials (-1%) and utilities (-2%) sectors. Turning to individual stocks, the top contributor was Apple (+77%), from the technology hardware & equipment segment, followed by Amazon.com (+71%), within the retailing group. In software & services, Microsoft advanced 43% and Alphabet (+29%) from the media & entertainment industry also helped. Nvidia, within the semiconductors & semiconductor equipment category, rose 150% and boosted the fund. In contrast, the biggest individual detractor was Exxon Mobil (-48%), from the energy sector. In banks, Wells Fargo (-57%) and JPMorgan Chase (-19%) hurt. Boeing, within the capital goods industry, returned -57% and hindered the fund. Another detractor was Chevron (-37%), a stock in the energy sector.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO℠ Total Market Index Fund
Investment Summary (Unaudited)
Top Five Stocks as of October 31, 2020
% of fund's net assets | |
Apple, Inc. | 5.4 |
Microsoft Corp. | 4.7 |
Amazon.com, Inc. | 4.0 |
Facebook, Inc. Class A | 2.0 |
Alphabet, Inc. Class A | 1.5 |
17.6 |
Top Five Market Sectors as of October 31, 2020
% of fund's net assets | |
Information Technology | 26.6 |
Health Care | 14.2 |
Consumer Discretionary | 12.2 |
Communication Services | 10.2 |
Financials | 10.2 |
Asset Allocation (% of fund's net assets)
As of October 31, 2020 * | ||
Stocks and Equity Futures | 99.9% | |
Short-Term Investments and Net Other Assets (Liabilities) | 0.1% |
* Foreign investments - 3.3%
Fidelity ZERO℠ Total Market Index Fund
Schedule of Investments October 31, 2020
Showing Percentage of Net Assets
Common Stocks - 99.5% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 10.2% | |||
Diversified Telecommunication Services - 1.4% | |||
AT&T, Inc. | 1,322,644 | $35,737,841 | |
ATN International, Inc. | 1,853 | 82,829 | |
Bandwidth, Inc. (a)(b) | 3,779 | 605,982 | |
CenturyLink, Inc. | 184,397 | 1,589,502 | |
Cincinnati Bell, Inc. (a) | 9,197 | 138,415 | |
Cogent Communications Group, Inc. | 7,638 | 426,200 | |
Consolidated Communications Holdings, Inc. (a) | 12,717 | 59,388 | |
GCI Liberty, Inc. (a) | 18,876 | 1,533,297 | |
Iridium Communications, Inc. (a)(b) | 21,449 | 566,468 | |
Liberty Global PLC: | |||
Class A (a) | 25,643 | 486,704 | |
Class C (a) | 69,625 | 1,299,203 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 21,020 | 205,996 | |
Class C (a) | 24,058 | 233,844 | |
ORBCOMM, Inc. (a) | 16,890 | 72,627 | |
PDVWireless, Inc. (a)(b) | 2,292 | 73,161 | |
Verizon Communications, Inc. | 767,539 | 43,742,048 | |
Vonage Holdings Corp. (a)(b) | 43,491 | 460,135 | |
87,313,640 | |||
Entertainment - 1.8% | |||
Activision Blizzard, Inc. | 143,432 | 10,862,105 | |
AMC Entertainment Holdings, Inc. Class A (b) | 10,032 | 23,676 | |
Cinemark Holdings, Inc. (b) | 19,064 | 156,134 | |
Electronic Arts, Inc. (a) | 53,692 | 6,433,912 | |
Glu Mobile, Inc. (a) | 28,457 | 203,752 | |
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 22,374 | 149,906 | |
Class B (a) | 10,301 | 64,587 | |
Live Nation Entertainment, Inc. (a) | 26,482 | 1,292,322 | |
Madison Square Garden Entertainment Corp. (a) | 3,132 | 203,580 | |
Marcus Corp. (b) | 4,001 | 29,327 | |
Netflix, Inc. (a) | 81,935 | 38,979,757 | |
Roku, Inc. Class A (a) | 19,619 | 3,970,886 | |
Sciplay Corp. (A Shares) (a) | 4,337 | 57,899 | |
Take-Two Interactive Software, Inc. (a) | 21,275 | 3,295,923 | |
The Madison Square Garden Co. (a) | 3,132 | 443,616 | |
The Walt Disney Co. | 335,676 | 40,700,715 | |
World Wrestling Entertainment, Inc. Class A | 8,609 | 313,023 | |
Zynga, Inc. (a) | 185,583 | 1,668,391 | |
108,849,511 | |||
Interactive Media & Services - 5.4% | |||
Alphabet, Inc.: | |||
Class A (a) | 55,771 | 90,132,071 | |
Class C (a) | 54,585 | 88,482,831 | |
ANGI Homeservices, Inc. Class A (a) | 13,640 | 144,584 | |
CarGurus, Inc. Class A (a) | 15,811 | 315,113 | |
Cars.com, Inc. (a) | 11,013 | 81,386 | |
Eventbrite, Inc. (a)(b) | 12,655 | 116,806 | |
EverQuote, Inc. Class A (a) | 1,832 | 61,354 | |
Facebook, Inc. Class A (a) | 446,637 | 117,514,661 | |
InterActiveCorp (a) | 14,705 | 1,775,188 | |
Liberty TripAdvisor Holdings, Inc. (a) | 14,951 | 26,613 | |
Match Group, Inc. (a) | 48,366 | 5,648,181 | |
Pinterest, Inc. Class A (a) | 86,036 | 5,071,822 | |
QuinStreet, Inc. (a) | 8,312 | 133,034 | |
Snap, Inc. Class A (a) | 166,520 | 6,559,223 | |
TripAdvisor, Inc. | 18,365 | 350,955 | |
TrueCar, Inc. (a) | 21,207 | 92,463 | |
Twitter, Inc. (a) | 147,162 | 6,086,620 | |
Yelp, Inc. (a) | 12,141 | 238,813 | |
Zillow Group, Inc.: | |||
Class A (a) | 8,663 | 773,866 | |
Class C (a)(b) | 24,531 | 2,173,937 | |
325,779,521 | |||
Media - 1.4% | |||
Altice U.S.A., Inc. Class A (a) | 61,456 | 1,656,239 | |
AMC Networks, Inc. Class A (a)(b) | 7,470 | 158,738 | |
Cable One, Inc. | 1,003 | 1,737,056 | |
Cardlytics, Inc. (a)(b) | 4,986 | 368,067 | |
Charter Communications, Inc. Class A (a) | 27,776 | 16,771,704 | |
Clear Channel Outdoor Holdings, Inc. (a) | 86,878 | 77,669 | |
Comcast Corp. Class A | 846,733 | 35,766,002 | |
comScore, Inc. (a) | 5,662 | 11,296 | |
Cumulus Media, Inc. (a) | 2,743 | 13,880 | |
Discovery Communications, Inc.: | |||
Class A (a)(b) | 30,500 | 617,320 | |
Class C (non-vtg.) (a) | 56,979 | 1,043,855 | |
DISH Network Corp. Class A (a) | 45,945 | 1,171,138 | |
E.W. Scripps Co. Class A | 10,152 | 92,180 | |
Entercom Communications Corp. Class A | 20,794 | 31,191 | |
Fox Corp.: | |||
Class A | 61,711 | 1,636,576 | |
Class B | 31,984 | 836,062 | |
Gannett Co., Inc. (b) | 18,344 | 21,096 | |
Gray Television, Inc. (a) | 17,823 | 225,996 | |
Interpublic Group of Companies, Inc. | 72,856 | 1,317,965 | |
John Wiley & Sons, Inc. Class A | 8,646 | 267,680 | |
Liberty Broadband Corp.: | |||
Class A (a) | 5,912 | 830,932 | |
Class C (a) | 27,023 | 3,829,429 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a)(b) | 1,285 | 26,600 | |
Liberty Braves Class C (a) | 6,367 | 130,332 | |
Liberty Formula One Group Series C (a) | 37,106 | 1,340,640 | |
Liberty Media Class A (a) | 5,445 | 181,319 | |
Liberty SiriusXM Series A (a) | 15,281 | 528,264 | |
Liberty SiriusXM Series C (a) | 31,903 | 1,103,844 | |
Loral Space & Communications Ltd. | 1,682 | 29,284 | |
Meredith Corp. (b) | 6,688 | 73,568 | |
MSG Network, Inc. Class A (a)(b) | 8,231 | 73,585 | |
National CineMedia, Inc. | 11,458 | 22,744 | |
News Corp.: | |||
Class A | 66,822 | 877,373 | |
Class B | 28,896 | 376,226 | |
Nexstar Broadcasting Group, Inc. Class A | 8,315 | 685,156 | |
Omnicom Group, Inc. | 40,102 | 1,892,814 | |
Scholastic Corp. | 5,474 | 108,166 | |
Sinclair Broadcast Group, Inc. Class A | 8,994 | 167,109 | |
Sirius XM Holdings, Inc. | 225,436 | 1,291,748 | |
TechTarget, Inc. (a) | 4,730 | 207,174 | |
Tegna, Inc. | 41,640 | 500,929 | |
The New York Times Co. Class A (b) | 26,584 | 1,054,321 | |
ViacomCBS, Inc. Class B | 104,144 | 2,975,394 | |
WideOpenWest, Inc. (a)(b) | 10,652 | 53,153 | |
82,181,814 | |||
Wireless Telecommunication Services - 0.2% | |||
Boingo Wireless, Inc. (a) | 7,165 | 66,921 | |
Gogo, Inc. (a)(b) | 9,770 | 78,551 | |
NII Holdings, Inc. (a)(c) | 11,652 | 25,285 | |
Shenandoah Telecommunications Co. | 9,138 | 398,600 | |
T-Mobile U.S., Inc. | 108,076 | 11,841,887 | |
Telephone & Data Systems, Inc. | 18,171 | 308,907 | |
U.S. Cellular Corp. (a) | 2,318 | 67,500 | |
12,787,651 | |||
TOTAL COMMUNICATION SERVICES | 616,912,137 | ||
CONSUMER DISCRETIONARY - 12.2% | |||
Auto Components - 0.3% | |||
Adient PLC (a) | 17,440 | 370,077 | |
American Axle & Manufacturing Holdings, Inc. (a) | 20,501 | 137,767 | |
Aptiv PLC | 50,295 | 4,852,965 | |
Autoliv, Inc. (b) | 14,696 | 1,113,957 | |
BorgWarner, Inc. | 45,729 | 1,599,600 | |
Cooper Tire & Rubber Co. | 9,358 | 321,822 | |
Cooper-Standard Holding, Inc. (a) | 3,251 | 51,008 | |
Dana, Inc. | 27,435 | 383,816 | |
Dorman Products, Inc. (a) | 5,560 | 496,341 | |
Fox Factory Holding Corp. (a)(b) | 7,748 | 651,452 | |
Gentex Corp. | 46,451 | 1,285,299 | |
Gentherm, Inc. (a) | 5,510 | 255,058 | |
LCI Industries | 4,664 | 511,454 | |
Lear Corp. | 10,341 | 1,249,296 | |
Modine Manufacturing Co. (a) | 9,448 | 60,467 | |
Motorcar Parts of America, Inc. (a)(b) | 3,862 | 56,887 | |
Standard Motor Products, Inc. | 3,414 | 156,361 | |
Stoneridge, Inc. (a)(b) | 4,983 | 113,762 | |
Tenneco, Inc. (a)(b) | 8,900 | 76,718 | |
The Goodyear Tire & Rubber Co. | 41,417 | 342,933 | |
Veoneer, Inc. (a)(b) | 18,422 | 283,146 | |
Visteon Corp. (a)(b) | 5,054 | 453,091 | |
Workhorse Group, Inc. (a)(b) | 16,741 | 257,477 | |
15,080,754 | |||
Automobiles - 1.1% | |||
Ford Motor Co. | 724,016 | 5,596,644 | |
General Motors Co. | 234,332 | 8,091,484 | |
Harley-Davidson, Inc. | 28,079 | 923,238 | |
Tesla, Inc. (a) | 138,481 | 53,736,167 | |
Thor Industries, Inc. | 10,398 | 879,463 | |
Winnebago Industries, Inc. (b) | 6,164 | 289,400 | |
69,516,396 | |||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 8,094 | 221,371 | |
Funko, Inc. (a)(b) | 4,517 | 28,638 | |
Genuine Parts Co. | 26,876 | 2,430,397 | |
LKQ Corp. (a) | 53,278 | 1,704,363 | |
Pool Corp. | 7,444 | 2,604,135 | |
6,988,904 | |||
Diversified Consumer Services - 0.2% | |||
Adtalem Global Education, Inc. (a) | 9,449 | 221,485 | |
American Public Education, Inc. (a) | 2,296 | 64,908 | |
Bright Horizons Family Solutions, Inc. (a) | 11,205 | 1,770,950 | |
Career Education Corp. (a) | 11,846 | 133,741 | |
Carriage Services, Inc. | 3,316 | 85,586 | |
Chegg, Inc. (a) | 23,230 | 1,706,011 | |
Collectors Universe, Inc. | 1,806 | 99,204 | |
Frontdoor, Inc. (a) | 16,311 | 646,242 | |
Graham Holdings Co. | 749 | 284,875 | |
Grand Canyon Education, Inc. (a) | 8,873 | 695,377 | |
H&R Block, Inc. | 35,456 | 611,971 | |
Houghton Mifflin Harcourt Co. (a) | 24,578 | 64,149 | |
K12, Inc. (a) | 7,838 | 187,093 | |
Laureate Education, Inc. Class A (a) | 20,975 | 272,675 | |
OneSpaWorld Holdings Ltd. (b) | 10,036 | 62,324 | |
Regis Corp. (a)(b) | 4,615 | 25,567 | |
Select Interior Concepts, Inc. (a) | 3,725 | 25,777 | |
Service Corp. International | 33,004 | 1,528,415 | |
ServiceMaster Global Holdings, Inc. (a) | 24,503 | 1,153,846 | |
Strategic Education, Inc. | 4,405 | 365,879 | |
Weight Watchers International, Inc. (a) | 9,084 | 192,217 | |
10,198,292 | |||
Hotels, Restaurants & Leisure - 1.7% | |||
ARAMARK Holdings Corp. | 47,264 | 1,311,103 | |
Biglari Holdings, Inc. (a)(b) | 244 | 20,440 | |
BJ's Restaurants, Inc. (b) | 4,728 | 133,377 | |
Bloomin' Brands, Inc. (b) | 15,049 | 210,385 | |
Boyd Gaming Corp. | 14,606 | 463,302 | |
Brinker International, Inc. | 8,566 | 372,964 | |
Caesars Entertainment, Inc. (a) | 36,842 | 1,651,258 | |
Carnival Corp. (b) | 96,213 | 1,319,080 | |
Carrols Restaurant Group, Inc. (a)(b) | 7,427 | 43,448 | |
Chipotle Mexican Grill, Inc. (a) | 5,204 | 6,252,502 | |
Choice Hotels International, Inc. | 5,220 | 455,967 | |
Churchill Downs, Inc. | 6,636 | 989,759 | |
Chuy's Holdings, Inc. (a) | 3,211 | 67,399 | |
Cracker Barrel Old Country Store, Inc. | 4,467 | 508,434 | |
Darden Restaurants, Inc. | 24,241 | 2,228,233 | |
Dave & Buster's Entertainment, Inc. (b) | 8,921 | 153,084 | |
Del Taco Restaurants, Inc. (a) | 4,180 | 30,995 | |
Denny's Corp. (a) | 12,716 | 113,935 | |
Dine Brands Global, Inc. (b) | 2,893 | 148,845 | |
Domino's Pizza, Inc. | 7,299 | 2,761,358 | |
Drive Shack, Inc. (a)(b) | 6,979 | 10,259 | |
Dunkin' Brands Group, Inc. | 15,191 | 1,514,695 | |
El Pollo Loco Holdings, Inc. (a)(b) | 2,759 | 38,957 | |
Everi Holdings, Inc. (a) | 14,566 | 125,413 | |
Extended Stay America, Inc. unit | 28,961 | 328,707 | |
Fiesta Restaurant Group, Inc. (a) | 3,604 | 31,139 | |
Golden Entertainment, Inc. (a) | 3,534 | 45,447 | |
Hilton Grand Vacations, Inc. (a) | 15,842 | 326,345 | |
Hilton Worldwide Holdings, Inc. | 51,872 | 4,554,880 | |
Hyatt Hotels Corp. Class A | 6,179 | 340,710 | |
Jack in the Box, Inc. | 4,215 | 337,453 | |
Las Vegas Sands Corp. | 61,391 | 2,950,451 | |
Lindblad Expeditions Holdings (a) | 4,382 | 36,458 | |
Marriott International, Inc. Class A | 49,683 | 4,614,557 | |
Marriott Vacations Worldwide Corp. | 7,479 | 722,471 | |
McDonald's Corp. | 138,122 | 29,419,986 | |
MGM Mirage, Inc. | 76,169 | 1,566,796 | |
Monarch Casino & Resort, Inc. (a) | 2,101 | 91,162 | |
Noodles & Co. (a) | 4,940 | 31,912 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 51,260 | 852,454 | |
Papa John's International, Inc. | 5,924 | 453,778 | |
Penn National Gaming, Inc. (a) | 26,847 | 1,449,201 | |
Planet Fitness, Inc. (a) | 14,919 | 884,249 | |
Playa Hotels & Resorts NV (a)(b) | 9,923 | 38,402 | |
PlayAGS, Inc. (a) | 7,322 | 19,769 | |
Red Robin Gourmet Burgers, Inc. (a) | 3,339 | 40,202 | |
Red Rock Resorts, Inc. (b) | 12,363 | 236,381 | |
Royal Caribbean Cruises Ltd. (b) | 33,092 | 1,867,051 | |
Ruth's Hospitality Group, Inc. | 5,137 | 57,432 | |
Scientific Games Corp. Class A (a)(b) | 10,091 | 321,701 | |
SeaWorld Entertainment, Inc. (a) | 9,366 | 206,239 | |
Shake Shack, Inc. Class A (a)(b) | 6,906 | 466,293 | |
Six Flags Entertainment Corp. | 13,907 | 300,669 | |
Starbucks Corp. | 217,277 | 18,894,408 | |
Texas Roadhouse, Inc. Class A | 12,415 | 869,422 | |
The Cheesecake Factory, Inc. (b) | 8,179 | 243,080 | |
Twin River Worldwide Holdings, Inc. | 3,868 | 93,876 | |
Vail Resorts, Inc. | 7,439 | 1,726,146 | |
Wendy's Co. | 32,875 | 718,319 | |
Wingstop, Inc. | 5,427 | 631,323 | |
Wyndham Destinations, Inc. | 16,022 | 522,798 | |
Wyndham Hotels & Resorts, Inc. | 17,146 | 797,460 | |
Wynn Resorts Ltd. | 18,076 | 1,309,245 | |
Yum! Brands, Inc. | 55,791 | 5,206,974 | |
104,530,538 | |||
Household Durables - 0.5% | |||
Beazer Homes U.S.A., Inc. (a) | 5,100 | 62,118 | |
Cavco Industries, Inc. (a) | 1,578 | 271,637 | |
Century Communities, Inc. (a) | 5,735 | 222,747 | |
D.R. Horton, Inc. | 61,727 | 4,123,981 | |
Ethan Allen Interiors, Inc. | 3,712 | 59,578 | |
Garmin Ltd. | 27,641 | 2,875,217 | |
GoPro, Inc. Class A (a) | 25,453 | 151,191 | |
Helen of Troy Ltd. (a)(b) | 4,962 | 940,795 | |
Hooker Furniture Corp. | 2,525 | 69,438 | |
Installed Building Products, Inc. (a)(b) | 4,149 | 375,650 | |
iRobot Corp. (a)(b) | 5,298 | 421,615 | |
KB Home | 16,204 | 522,579 | |
La-Z-Boy, Inc. | 8,391 | 287,224 | |
Leggett & Platt, Inc. | 24,159 | 1,008,155 | |
Lennar Corp.: | |||
Class A | 48,908 | 3,434,809 | |
Class B | 5,718 | 325,297 | |
LGI Homes, Inc. (a)(b) | 4,021 | 429,764 | |
Lovesac (a)(b) | 1,791 | 46,100 | |
M.D.C. Holdings, Inc. | 9,522 | 414,397 | |
M/I Homes, Inc. (a) | 5,378 | 220,068 | |
Meritage Homes Corp. (a) | 6,828 | 594,651 | |
Mohawk Industries, Inc. (a) | 10,975 | 1,132,510 | |
Newell Brands, Inc. | 69,239 | 1,222,761 | |
NVR, Inc. (a) | 644 | 2,545,790 | |
PulteGroup, Inc. | 50,251 | 2,048,231 | |
Skyline Champion Corp. (a) | 9,988 | 256,192 | |
Sonos, Inc. (a) | 15,960 | 233,016 | |
Taylor Morrison Home Corp. (a) | 23,843 | 515,009 | |
Tempur Sealy International, Inc. (a) | 9,111 | 810,879 | |
Toll Brothers, Inc. | 21,681 | 916,673 | |
TopBuild Corp. (a)(b) | 6,182 | 947,144 | |
TRI Pointe Homes, Inc. (a) | 24,470 | 402,042 | |
Tupperware Brands Corp. | 8,978 | 284,782 | |
Turtle Beach Corp. (a) | 3,056 | 55,069 | |
Universal Electronics, Inc. (a) | 2,368 | 87,758 | |
Whirlpool Corp. | 11,517 | 2,130,184 | |
Zagg, Inc. (a)(b) | 5,004 | 14,261 | |
30,459,312 | |||
Internet & Direct Marketing Retail - 4.5% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 5,023 | 99,606 | |
Amazon.com, Inc. (a) | 79,085 | 240,113,923 | |
Chewy, Inc. (a)(b) | 13,155 | 810,348 | |
Duluth Holdings, Inc. (a) | 2,607 | 39,991 | |
eBay, Inc. | 123,238 | 5,869,826 | |
Etsy, Inc. (a) | 22,132 | 2,691,030 | |
Expedia, Inc. | 25,336 | 2,385,384 | |
Groupon, Inc. (a) | 4,161 | 80,682 | |
GrubHub, Inc. (a) | 17,018 | 1,258,651 | |
Lands' End, Inc. (a)(b) | 2,645 | 42,452 | |
Overstock.com, Inc. (a)(b) | 7,904 | 443,414 | |
PetMed Express, Inc. (b) | 3,843 | 113,676 | |
Quotient Technology, Inc. (a) | 13,769 | 122,544 | |
Qurate Retail, Inc. Series A (a)(b) | 72,868 | 493,316 | |
Revolve Group, Inc. (a)(b) | 2,394 | 43,284 | |
Shutterstock, Inc. | 4,103 | 268,541 | |
Stamps.com, Inc. (a) | 3,308 | 738,478 | |
Stitch Fix, Inc. (a)(b) | 10,476 | 360,689 | |
The Booking Holdings, Inc. (a) | 7,613 | 12,352,093 | |
The RealReal, Inc. (a)(b) | 10,847 | 136,564 | |
The Rubicon Project, Inc. (a)(b) | 21,167 | 191,138 | |
Wayfair LLC Class A (a)(b) | 12,686 | 3,146,509 | |
271,802,139 | |||
Leisure Products - 0.1% | |||
Acushnet Holdings Corp. | 6,118 | 208,807 | |
American Outdoor Brands, Inc. (a) | 2,370 | 35,858 | |
Brunswick Corp. | 14,717 | 937,620 | |
Callaway Golf Co. (b) | 18,118 | 280,648 | |
Clarus Corp. | 4,895 | 75,921 | |
Hasbro, Inc. | 23,944 | 1,980,648 | |
Johnson Outdoors, Inc. Class A | 1,654 | 144,444 | |
Malibu Boats, Inc. Class A (a) | 3,718 | 188,986 | |
Mattel, Inc. (a) | 64,292 | 885,301 | |
MCBC Holdings, Inc. (a) | 3,839 | 79,160 | |
Polaris, Inc. | 10,774 | 978,926 | |
Smith & Wesson Brands, Inc. | 10,719 | 177,828 | |
Sturm, Ruger & Co., Inc. | 3,185 | 212,949 | |
Vista Outdoor, Inc. (a) | 10,936 | 216,205 | |
YETI Holdings, Inc. (a) | 13,490 | 667,485 | |
7,070,786 | |||
Multiline Retail - 0.5% | |||
Big Lots, Inc. (b) | 7,108 | 338,341 | |
Dillard's, Inc. Class A (b) | 1,682 | 75,236 | |
Dollar General Corp. | 46,232 | 9,649,081 | |
Dollar Tree, Inc. (a) | 44,189 | 3,991,150 | |
Kohl's Corp. | 28,846 | 614,131 | |
Macy's, Inc. (b) | 57,087 | 354,510 | |
Nordstrom, Inc. (b) | 19,436 | 235,176 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 10,575 | 920,977 | |
Target Corp. | 92,975 | 14,152,655 | |
30,331,257 | |||
Specialty Retail - 2.4% | |||
Aaron's Holdings Co., Inc. | 12,318 | 643,739 | |
Abercrombie & Fitch Co. Class A | 10,833 | 154,045 | |
Advance Auto Parts, Inc. | 12,993 | 1,913,609 | |
America's Car Mart, Inc. (a) | 1,048 | 90,673 | |
American Eagle Outfitters, Inc. (b) | 27,445 | 376,271 | |
Asbury Automotive Group, Inc. (a) | 3,552 | 365,785 | |
At Home Group, Inc. (a) | 9,955 | 162,167 | |
AutoNation, Inc. (a) | 10,823 | 613,989 | |
AutoZone, Inc. (a) | 4,347 | 4,907,676 | |
Barnes & Noble Education, Inc. (a)(b) | 4,975 | 11,443 | |
Bed Bath & Beyond, Inc. (b) | 23,722 | 469,696 | |
Best Buy Co., Inc. | 42,682 | 4,761,177 | |
Boot Barn Holdings, Inc. (a)(b) | 5,686 | 182,066 | |
Burlington Stores, Inc. (a) | 12,229 | 2,367,290 | |
Caleres, Inc. | 7,005 | 53,798 | |
Camping World Holdings, Inc. | 5,784 | 152,929 | |
CarMax, Inc. (a) | 30,276 | 2,617,057 | |
Carvana Co. Class A (a)(b) | 10,302 | 1,909,476 | |
Chico's FAS, Inc. (b) | 22,906 | 24,509 | |
Citi Trends, Inc. | 1,910 | 49,870 | |
Conn's, Inc. (a) | 3,203 | 30,012 | |
Dick's Sporting Goods, Inc. | 12,011 | 680,423 | |
DSW, Inc. Class A | 9,554 | 41,369 | |
Express, Inc. (a) | 11,382 | 6,954 | |
Five Below, Inc. (a) | 10,373 | 1,383,136 | |
Floor & Decor Holdings, Inc. Class A (a) | 19,318 | 1,410,214 | |
Foot Locker, Inc. | 19,308 | 712,079 | |
GameStop Corp. Class A (a)(b) | 10,098 | 105,726 | |
Gap, Inc. | 38,205 | 743,087 | |
Genesco, Inc. (a) | 3,464 | 61,382 | |
Group 1 Automotive, Inc. | 3,351 | 355,474 | |
Guess?, Inc. (b) | 7,259 | 85,511 | |
Haverty Furniture Companies, Inc. | 2,853 | 71,382 | |
Hibbett Sports, Inc. (a)(b) | 3,101 | 117,249 | |
L Brands, Inc. | 43,143 | 1,381,007 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 4,762 | 1,093,212 | |
Lowe's Companies, Inc. | 140,445 | 22,204,355 | |
Lumber Liquidators Holdings, Inc. (a) | 5,745 | 127,079 | |
MarineMax, Inc. (a) | 4,066 | 121,899 | |
Michaels Companies, Inc. (a)(b) | 13,747 | 111,488 | |
Monro, Inc. | 6,299 | 264,936 | |
Murphy U.S.A., Inc. | 5,038 | 616,097 | |
National Vision Holdings, Inc. (a) | 15,188 | 612,532 | |
O'Reilly Automotive, Inc. (a) | 13,785 | 6,018,531 | |
Party City Holdco, Inc. (a)(b) | 18,187 | 36,192 | |
Penske Automotive Group, Inc. | 6,046 | 309,313 | |
Rent-A-Center, Inc. | 9,375 | 289,688 | |
RH (a) | 2,854 | 956,746 | |
Ross Stores, Inc. | 65,970 | 5,618,665 | |
Sally Beauty Holdings, Inc. (a)(b) | 21,098 | 176,590 | |
Shoe Carnival, Inc. (b) | 1,689 | 52,325 | |
Signet Jewelers Ltd. (b) | 9,671 | 215,470 | |
Sleep Number Corp. (a) | 5,212 | 330,232 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 4,455 | 160,647 | |
Sportsman's Warehouse Holdings, Inc. (a) | 7,246 | 94,343 | |
The Buckle, Inc. (b) | 5,000 | 119,800 | |
The Cato Corp. Class A (sub. vtg.) | 3,559 | 21,781 | |
The Children's Place Retail Stores, Inc. (b) | 2,517 | 63,605 | |
The Home Depot, Inc. | 199,875 | 53,308,661 | |
The ODP Corp. (b) | 10,081 | 196,580 | |
Tiffany & Co., Inc. | 20,064 | 2,625,174 | |
Tilly's, Inc. | 3,899 | 23,940 | |
TJX Companies, Inc. | 223,025 | 11,329,670 | |
Tractor Supply Co. | 21,732 | 2,894,920 | |
Ulta Beauty, Inc. (a) | 10,405 | 2,151,442 | |
Urban Outfitters, Inc. (a) | 12,311 | 275,028 | |
Williams-Sonoma, Inc. | 14,657 | 1,336,865 | |
Winmark Corp. | 617 | 104,526 | |
Zumiez, Inc. (a) | 4,351 | 121,828 | |
142,996,430 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Capri Holdings Ltd. (a) | 27,469 | 582,892 | |
Carter's, Inc. | 8,192 | 667,238 | |
Columbia Sportswear Co. | 5,515 | 411,364 | |
Crocs, Inc. (a)(b) | 12,393 | 648,526 | |
Deckers Outdoor Corp. (a) | 5,199 | 1,317,271 | |
Fossil Group, Inc. (a)(b) | 7,804 | 44,561 | |
G-III Apparel Group Ltd. (a)(b) | 7,777 | 104,834 | |
Hanesbrands, Inc. | 64,089 | 1,029,910 | |
Kontoor Brands, Inc. | 8,463 | 278,433 | |
Levi Strauss & Co. Class A (b) | 12,073 | 190,512 | |
lululemon athletica, Inc. (a) | 22,033 | 7,034,917 | |
Movado Group, Inc. | 2,254 | 24,591 | |
NIKE, Inc. Class B | 231,194 | 27,761,776 | |
Oxford Industries, Inc. (b) | 2,913 | 119,928 | |
PVH Corp. | 12,988 | 757,071 | |
Ralph Lauren Corp. | 9,060 | 605,661 | |
Rocky Brands, Inc. | 1,766 | 47,505 | |
Samsonite International SA (a)(d) | 249,900 | 251,431 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 24,973 | 791,894 | |
Steven Madden Ltd. (b) | 15,247 | 366,080 | |
Tapestry, Inc. | 50,696 | 1,126,972 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 37,987 | 525,740 | |
Class C (non-vtg.) (a) | 31,972 | 391,018 | |
Unifi, Inc. (a) | 2,929 | 43,906 | |
Vera Bradley, Inc. (a) | 2,235 | 14,170 | |
VF Corp. | 59,262 | 3,982,406 | |
Wolverine World Wide, Inc. | 14,812 | 395,036 | |
49,515,643 | |||
TOTAL CONSUMER DISCRETIONARY | 738,490,451 | ||
CONSUMER STAPLES - 6.3% | |||
Beverages - 1.4% | |||
Boston Beer Co., Inc. Class A (a) | 1,682 | 1,747,901 | |
Brown-Forman Corp. Class B (non-vtg.) | 33,866 | 2,360,799 | |
Coca-Cola Bottling Co. Consolidated | 845 | 193,463 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 31,318 | 5,174,673 | |
Keurig Dr. Pepper, Inc. (b) | 86,031 | 2,314,234 | |
MGP Ingredients, Inc. | 2,758 | 115,891 | |
Molson Coors Beverage Co. Class B | 36,027 | 1,270,312 | |
Monster Beverage Corp. (a) | 68,515 | 5,246,194 | |
National Beverage Corp. (a)(b) | 2,078 | 162,687 | |
Newage, Inc. (a)(b) | 14,901 | 34,868 | |
PepsiCo, Inc. | 257,149 | 34,275,390 | |
The Coca-Cola Co. | 717,899 | 34,502,226 | |
87,398,638 | |||
Food & Staples Retailing - 1.4% | |||
Andersons, Inc. | 6,149 | 133,372 | |
BJ's Wholesale Club Holdings, Inc. (a) | 25,558 | 978,616 | |
Casey's General Stores, Inc. | 6,897 | 1,162,627 | |
Chefs' Warehouse Holdings (a) | 5,799 | 78,402 | |
Costco Wholesale Corp. | 81,930 | 29,299,807 | |
Grocery Outlet Holding Corp. (a) | 15,732 | 692,523 | |
Ingles Markets, Inc. Class A | 2,688 | 96,392 | |
Kroger Co. | 144,103 | 4,641,558 | |
Performance Food Group Co. (a) | 24,819 | 834,167 | |
PriceSmart, Inc. | 4,130 | 284,970 | |
Rite Aid Corp. (a)(b) | 9,714 | 88,786 | |
SpartanNash Co. | 7,017 | 129,183 | |
Sprouts Farmers Market LLC (a) | 21,103 | 402,012 | |
Sysco Corp. | 94,289 | 5,215,125 | |
U.S. Foods Holding Corp. (a) | 41,275 | 862,648 | |
United Natural Foods, Inc. (a)(b) | 9,507 | 138,517 | |
Walgreens Boots Alliance, Inc. | 134,145 | 4,566,296 | |
Walmart, Inc. | 257,811 | 35,771,276 | |
Weis Markets, Inc. | 3,116 | 141,498 | |
85,517,775 | |||
Food Products - 1.1% | |||
Archer Daniels Midland Co. | 103,338 | 4,778,349 | |
B&G Foods, Inc. Class A (b) | 11,584 | 307,671 | |
Beyond Meat, Inc. (a)(b) | 9,207 | 1,311,353 | |
Bunge Ltd. | 25,963 | 1,472,881 | |
Cal-Maine Foods, Inc. (a) | 6,512 | 249,735 | |
Calavo Growers, Inc. | 2,944 | 197,631 | |
Campbell Soup Co. | 37,394 | 1,745,178 | |
Conagra Brands, Inc. | 90,563 | 3,177,856 | |
Darling Ingredients, Inc. (a) | 29,911 | 1,286,173 | |
Farmer Brothers Co. (a) | 2,389 | 8,290 | |
Flowers Foods, Inc. | 35,985 | 848,526 | |
Fresh Del Monte Produce, Inc. | 5,611 | 120,805 | |
Freshpet, Inc. (a) | 7,571 | 866,880 | |
General Mills, Inc. | 113,507 | 6,710,534 | |
Hormel Foods Corp. | 52,138 | 2,538,599 | |
Hostess Brands, Inc. Class A (a) | 23,933 | 302,513 | |
Ingredion, Inc. | 12,523 | 887,755 | |
J&J Snack Foods Corp. | 2,905 | 393,831 | |
John B. Sanfilippo & Son, Inc. | 1,486 | 108,121 | |
Kellogg Co. | 46,964 | 2,953,566 | |
Lamb Weston Holdings, Inc. | 26,956 | 1,710,358 | |
Lancaster Colony Corp. | 3,678 | 611,063 | |
Landec Corp. (a) | 5,197 | 49,943 | |
McCormick & Co., Inc. (non-vtg.) | 22,977 | 4,147,578 | |
Mondelez International, Inc. | 265,017 | 14,077,703 | |
Pilgrim's Pride Corp. (a) | 8,803 | 147,362 | |
Post Holdings, Inc. (a) | 11,675 | 1,002,883 | |
Sanderson Farms, Inc. (b) | 3,596 | 460,180 | |
Seaboard Corp. | 47 | 161,915 | |
The Hain Celestial Group, Inc. (a) | 15,372 | 472,689 | |
The Hershey Co. | 27,419 | 3,769,016 | |
The J.M. Smucker Co. | 21,078 | 2,364,952 | |
The Kraft Heinz Co. | 120,795 | 3,695,119 | |
The Simply Good Foods Co. (a)(b) | 15,259 | 286,869 | |
Tootsie Roll Industries, Inc. (b) | 2,684 | 80,198 | |
TreeHouse Foods, Inc. (a) | 11,141 | 432,716 | |
Tyson Foods, Inc. Class A | 54,963 | 3,145,532 | |
66,882,323 | |||
Household Products - 1.6% | |||
Central Garden & Pet Co. (a) | 2,882 | 112,283 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 6,037 | 213,649 | |
Church & Dwight Co., Inc. | 46,061 | 4,071,332 | |
Clorox Co. | 23,421 | 4,854,002 | |
Colgate-Palmolive Co. | 158,903 | 12,535,858 | |
Energizer Holdings, Inc. | 11,227 | 441,782 | |
Kimberly-Clark Corp. | 63,353 | 8,399,974 | |
Procter & Gamble Co. | 461,809 | 63,314,014 | |
Reynolds Consumer Products, Inc. | 10,018 | 282,908 | |
Spectrum Brands Holdings, Inc. | 7,110 | 404,346 | |
WD-40 Co. | 2,568 | 625,000 | |
95,255,148 | |||
Personal Products - 0.2% | |||
Coty, Inc. Class A | 52,730 | 152,917 | |
Edgewell Personal Care Co. (a) | 10,091 | 264,586 | |
elf Beauty, Inc. (a) | 7,281 | 147,586 | |
Estee Lauder Companies, Inc. Class A | 41,922 | 9,208,587 | |
Herbalife Nutrition Ltd. (a) | 18,207 | 821,864 | |
Inter Parfums, Inc. | 3,119 | 128,066 | |
LifeVantage Corp. (a) | 2,088 | 23,072 | |
MediFast, Inc. | 2,198 | 308,797 | |
Nu Skin Enterprises, Inc. Class A | 9,574 | 472,477 | |
USANA Health Sciences, Inc. (a) | 2,279 | 172,406 | |
11,700,358 | |||
Tobacco - 0.6% | |||
22nd Century Group, Inc. (a)(b) | 11,725 | 8,523 | |
Altria Group, Inc. | 345,469 | 12,464,522 | |
Philip Morris International, Inc. | 289,290 | 20,545,376 | |
Turning Point Brands, Inc. (b) | 2,901 | 108,700 | |
Universal Corp. | 4,034 | 160,755 | |
Vector Group Ltd. | 25,301 | 232,516 | |
33,520,392 | |||
TOTAL CONSUMER STAPLES | 380,274,634 | ||
ENERGY - 1.9% | |||
Energy Equipment & Services - 0.2% | |||
Archrock, Inc. | 23,576 | 139,806 | |
Baker Hughes Co. Class A | 123,673 | 1,826,650 | |
Cactus, Inc. | 8,264 | 140,488 | |
Championx Corp. (a) | 32,945 | 287,610 | |
Core Laboratories NV | 7,493 | 108,274 | |
DMC Global, Inc. (b) | 2,388 | 84,941 | |
Dril-Quip, Inc. (a) | 6,288 | 162,859 | |
Exterran Corp. (a) | 4,471 | 18,912 | |
Forum Energy Technologies, Inc. (a) | 9,364 | 4,452 | |
Frank's International NV (a) | 19,718 | 34,507 | |
Halliburton Co. | 163,823 | 1,975,705 | |
Helix Energy Solutions Group, Inc. (a) | 23,723 | 58,833 | |
Helmerich & Payne, Inc. | 19,584 | 291,214 | |
Liberty Oilfield Services, Inc. Class A (b) | 12,342 | 82,445 | |
Matrix Service Co. (a) | 3,738 | 28,409 | |
Nabors Industries Ltd. (b) | 1,011 | 28,733 | |
National Oilwell Varco, Inc. | 70,125 | 589,050 | |
Newpark Resources, Inc. (a) | 15,494 | 11,080 | |
Nextier Oilfield Solutions, Inc. (a)(b) | 27,012 | 51,053 | |
Oceaneering International, Inc. (a) | 16,772 | 68,430 | |
Oil States International, Inc. (a) | 9,983 | 24,858 | |
Patterson-UTI Energy, Inc. | 33,351 | 85,379 | |
ProPetro Holding Corp. (a) | 15,383 | 60,763 | |
RPC, Inc. (a)(b) | 7,684 | 18,288 | |
Schlumberger Ltd. | 258,864 | 3,867,428 | |
SEACOR Holdings, Inc. (a)(b) | 3,186 | 97,587 | |
Select Energy Services, Inc. Class A (a) | 14,860 | 44,877 | |
Solaris Oilfield Infrastructure, Inc. Class A | 4,008 | 23,767 | |
TechnipFMC PLC | 78,579 | 434,542 | |
Tidewater, Inc. (a)(b) | 6,950 | 40,727 | |
Transocean Ltd. (United States) (a)(b) | 97,622 | 65,456 | |
U.S. Silica Holdings, Inc. (b) | 13,169 | 35,820 | |
10,792,943 | |||
Oil, Gas & Consumable Fuels - 1.7% | |||
Antero Resources Corp. (a)(b) | 45,577 | 154,962 | |
Apache Corp. | 70,789 | 587,549 | |
Arch Resources, Inc. | 2,640 | 80,652 | |
Ardmore Shipping Corp. | 5,836 | 16,341 | |
Berry Petroleum Corp. (b) | 14,004 | 36,690 | |
Bonanza Creek Energy, Inc. (a) | 3,685 | 65,261 | |
Brigham Minerals, Inc. Class A | 4,949 | 43,650 | |
Cabot Oil & Gas Corp. | 73,964 | 1,315,820 | |
Callon Petroleum Co. (a)(b) | 6,445 | 33,707 | |
Centennial Resource Development, Inc. Class A (a)(b) | 31,052 | 19,243 | |
Cheniere Energy, Inc. (a) | 42,900 | 2,053,623 | |
Chevron Corp. | 358,246 | 24,898,097 | |
Cimarex Energy Co. | 18,467 | 468,508 | |
Clean Energy Fuels Corp. (a) | 23,454 | 58,166 | |
CNX Resources Corp. (a) | 40,751 | 395,285 | |
Concho Resources, Inc. | 37,134 | 1,541,432 | |
ConocoPhillips Co. | 199,455 | 5,708,402 | |
CONSOL Energy, Inc. (a)(b) | 3,365 | 12,753 | |
Continental Resources, Inc. | 11,611 | 139,680 | |
CVR Energy, Inc. (b) | 4,602 | 50,668 | |
Delek U.S. Holdings, Inc. | 13,508 | 135,890 | |
Devon Energy Corp. | 72,864 | 650,676 | |
Diamond S Shipping, Inc. (a) | 3,925 | 22,216 | |
Diamondback Energy, Inc. | 29,810 | 773,868 | |
EOG Resources, Inc. | 108,427 | 3,712,540 | |
EQT Corp. | 51,944 | 786,432 | |
Equitrans Midstream Corp. | 74,110 | 538,039 | |
Exxon Mobil Corp. | 786,665 | 25,661,012 | |
Falcon Minerals Corp. | 7,388 | 13,594 | |
Green Plains, Inc. (b) | 7,251 | 109,490 | |
Gulfport Energy Corp. (a)(b) | 20,476 | 5,242 | |
Hess Corp. | 50,795 | 1,890,590 | |
Highpoint Resources, Inc. (a)(b) | 274 | 1,512 | |
HollyFrontier Corp. | 27,385 | 506,896 | |
International Seaways, Inc. | 4,613 | 62,460 | |
Kinder Morgan, Inc. | 366,048 | 4,355,971 | |
Kosmos Energy Ltd. (b) | 78,019 | 77,574 | |
Laredo Petroleum, Inc. (a)(b) | 891 | 7,164 | |
Magnolia Oil & Gas Corp. Class A (a) | 23,670 | 102,728 | |
Marathon Oil Corp. | 143,058 | 566,510 | |
Marathon Petroleum Corp. | 121,848 | 3,594,516 | |
Matador Resources Co. (a)(b) | 19,811 | 140,064 | |
Murphy Oil Corp. | 27,108 | 209,274 | |
National Energy Services Reunited Corp. (a) | 5,313 | 39,316 | |
Northern Oil & Gas, Inc. (a)(b) | 6,609 | 24,453 | |
Occidental Petroleum Corp. | 154,611 | 1,411,598 | |
ONEOK, Inc. | 82,590 | 2,395,110 | |
Ovintiv, Inc. (b) | 48,872 | 449,622 | |
Par Pacific Holdings, Inc. (a) | 6,099 | 39,278 | |
Parsley Energy, Inc. Class A | 55,924 | 559,799 | |
PBF Energy, Inc. Class A (b) | 17,219 | 80,413 | |
PDC Energy, Inc. (a) | 18,626 | 222,022 | |
Peabody Energy Corp. (b) | 12,475 | 16,093 | |
Penn Virginia Corp. (a)(b) | 1,501 | 11,528 | |
Phillips 66 Co. | 81,459 | 3,800,877 | |
Pioneer Natural Resources Co. | 30,477 | 2,424,750 | |
QEP Resources, Inc. | 38,680 | 34,812 | |
Range Resources Corp. (b) | 46,756 | 307,654 | |
Renewable Energy Group, Inc. (a) | 7,341 | 414,032 | |
Rex American Resources Corp. (a) | 842 | 61,205 | |
Ring Energy, Inc. (a)(b) | 7,566 | 3,865 | |
SM Energy Co. | 16,257 | 26,174 | |
Southwestern Energy Co. (a)(b) | 112,247 | 299,699 | |
Talos Energy, Inc. (a)(b) | 3,657 | 24,063 | |
Targa Resources Corp. | 43,761 | 702,364 | |
Teekay Corp. (a)(b) | 20,995 | 36,951 | |
Teekay Tankers Ltd. (a)(b) | 4,281 | 40,370 | |
Tellurian, Inc. (a)(b) | 38,821 | 37,268 | |
The Williams Companies, Inc. | 225,602 | 4,329,302 | |
Valero Energy Corp. | 75,518 | 2,915,750 | |
W&T Offshore, Inc. (a)(b) | 16,467 | 23,054 | |
World Fuel Services Corp. | 12,032 | 253,274 | |
WPX Energy, Inc. (a) | 74,908 | 345,326 | |
102,934,769 | |||
TOTAL ENERGY | 113,727,712 | ||
FINANCIALS - 10.2% | |||
Banks - 3.6% | |||
1st Source Corp. | 2,566 | 85,935 | |
Allegiance Bancshares, Inc. | 3,241 | 91,720 | |
Amalgamated Bank | 5,646 | 62,671 | |
Ameris Bancorp | 13,228 | 387,580 | |
Associated Banc-Corp. | 27,200 | 372,368 | |
Atlantic Capital Bancshares, Inc. (a) | 2,798 | 38,836 | |
Banc of California, Inc. | 8,391 | 100,692 | |
BancFirst Corp. (b) | 3,132 | 139,217 | |
Bancorp, Inc., Delaware (a) | 10,723 | 102,941 | |
BancorpSouth Bank | 17,885 | 418,688 | |
Bank of America Corp. | 1,417,292 | 33,589,820 | |
Bank of Hawaii Corp. | 7,571 | 459,105 | |
Bank OZK | 22,112 | 547,935 | |
BankUnited, Inc. (b) | 17,805 | 449,576 | |
Banner Corp. | 6,977 | 257,242 | |
Berkshire Hills Bancorp, Inc. | 9,858 | 128,450 | |
BOK Financial Corp. | 5,886 | 345,744 | |
Boston Private Financial Holdings, Inc. | 13,728 | 84,839 | |
Bridge Bancorp, Inc. | 3,251 | 63,525 | |
Brookline Bancorp, Inc., Delaware | 13,899 | 133,152 | |
Bryn Mawr Bank Corp. | 3,503 | 94,091 | |
Byline Bancorp, Inc. (b) | 4,256 | 55,924 | |
Cadence Bancorp Class A | 24,121 | 270,638 | |
Camden National Corp. | 2,667 | 85,264 | |
Carter Bank & Trust | 4,224 | 29,357 | |
Cathay General Bancorp | 12,872 | 302,878 | |
Central Pacific Financial Corp. | 4,257 | 58,619 | |
CIT Group, Inc. | 18,584 | 547,299 | |
Citigroup, Inc. | 387,280 | 16,041,138 | |
Citizens Financial Group, Inc. | 80,014 | 2,180,382 | |
City Holding Co. | 2,886 | 174,401 | |
Columbia Banking Systems, Inc. | 13,498 | 383,478 | |
Comerica, Inc. | 25,790 | 1,173,703 | |
Commerce Bancshares, Inc. | 18,363 | 1,143,097 | |
Community Bank System, Inc. | 10,800 | 626,292 | |
Community Trust Bancorp, Inc. | 3,056 | 97,242 | |
ConnectOne Bancorp, Inc. | 5,765 | 88,954 | |
Cullen/Frost Bankers, Inc. | 10,288 | 722,938 | |
Customers Bancorp, Inc. (a) | 4,074 | 56,303 | |
CVB Financial Corp. (b) | 24,580 | 430,150 | |
Eagle Bancorp, Inc. | 5,304 | 158,696 | |
East West Bancorp, Inc. | 25,994 | 948,261 | |
Enterprise Financial Services Corp. | 4,510 | 131,286 | |
Equity Bancshares, Inc. (a) | 2,737 | 50,306 | |
FB Financial Corp. | 5,043 | 148,769 | |
Fifth Third Bancorp | 132,661 | 3,080,388 | |
First Bancorp, North Carolina | 5,167 | 124,473 | |
First Bancorp, Puerto Rico | 38,755 | 251,520 | |
First Bancshares, Inc. | 3,218 | 76,717 | |
First Busey Corp. | 8,518 | 153,239 | |
First Citizens Bancshares, Inc. | 1,344 | 621,869 | |
First Commonwealth Financial Corp. | 17,867 | 154,014 | |
First Financial Bancorp, Ohio | 17,291 | 247,261 | |
First Financial Bankshares, Inc. (b) | 26,342 | 785,255 | |
First Financial Corp., Indiana | 2,595 | 90,098 | |
First Foundation, Inc. | 6,875 | 102,231 | |
First Hawaiian, Inc. | 24,242 | 418,417 | |
First Horizon National Corp. | 103,875 | 1,081,339 | |
First Interstate Bancsystem, Inc. | 6,139 | 216,707 | |
First Merchants Corp. | 9,373 | 244,729 | |
First Midwest Bancorp, Inc., Delaware | 21,248 | 266,662 | |
First Republic Bank | 32,242 | 4,067,006 | |
Flushing Financial Corp. (b) | 3,723 | 47,617 | |
FNB Corp., Pennsylvania | 59,615 | 450,689 | |
Fulton Financial Corp. | 27,957 | 307,247 | |
German American Bancorp, Inc. | 4,264 | 128,645 | |
Glacier Bancorp, Inc. (b) | 17,800 | 637,240 | |
Great Southern Bancorp, Inc. | 1,602 | 65,602 | |
Great Western Bancorp, Inc. | 9,714 | 126,185 | |
Hancock Whitney Corp. | 17,475 | 399,653 | |
Hanmi Financial Corp. | 6,270 | 56,367 | |
HarborOne Bancorp, Inc. | 9,045 | 85,023 | |
Heartland Financial U.S.A., Inc. | 8,066 | 265,694 | |
Heritage Commerce Corp. | 10,550 | 76,488 | |
Heritage Financial Corp., Washington | 6,643 | 139,237 | |
Hilltop Holdings, Inc. | 13,045 | 297,556 | |
Home Bancshares, Inc. | 28,517 | 473,382 | |
Hope Bancorp, Inc. | 20,005 | 161,440 | |
Horizon Bancorp, Inc. Indiana | 6,540 | 81,096 | |
Huntington Bancshares, Inc. | 190,038 | 1,983,997 | |
Independent Bank Corp. | 2,868 | 42,934 | |
Independent Bank Corp., Massachusetts | 5,840 | 334,574 | |
Independent Bank Group, Inc. | 6,544 | 337,540 | |
International Bancshares Corp. | 10,360 | 286,765 | |
Investors Bancorp, Inc. | 43,062 | 364,305 | |
JPMorgan Chase & Co. | 566,374 | 55,527,307 | |
KeyCorp | 183,390 | 2,380,402 | |
Lakeland Bancorp, Inc. | 8,600 | 95,718 | |
Lakeland Financial Corp. | 4,435 | 226,762 | |
Live Oak Bancshares, Inc. | 5,389 | 200,902 | |
M&T Bank Corp. | 24,078 | 2,493,999 | |
Mercantil Bank Holding Corp. Class A (a) | 4,231 | 42,606 | |
Mercantile Bank Corp. | 2,098 | 45,862 | |
Midland States Bancorp, Inc. | 2,936 | 43,746 | |
MidWestOne Financial Group, Inc. | 2,030 | 40,905 | |
National Bank Holdings Corp. | 5,377 | 162,117 | |
NBT Bancorp, Inc. | 8,512 | 233,059 | |
Nicolet Bankshares, Inc. (a) | 1,603 | 98,905 | |
OceanFirst Financial Corp. | 10,048 | 150,419 | |
OFG Bancorp | 8,854 | 127,409 | |
Old National Bancorp, Indiana | 31,917 | 446,200 | |
Origin Bancorp, Inc. | 3,528 | 78,921 | |
Pacific Premier Bancorp, Inc. | 17,733 | 452,192 | |
PacWest Bancorp | 22,468 | 432,284 | |
Park National Corp. | 2,657 | 243,514 | |
Peapack-Gladstone Financial Corp. | 3,045 | 51,400 | |
Peoples Bancorp, Inc. | 2,554 | 57,720 | |
Peoples United Financial, Inc. | 78,573 | 838,374 | |
Pinnacle Financial Partners, Inc. | 13,784 | 631,169 | |
PNC Financial Services Group, Inc. | 79,299 | 8,871,972 | |
Popular, Inc. | 15,658 | 660,768 | |
Preferred Bank, Los Angeles | 2,381 | 80,549 | |
Prosperity Bancshares, Inc. | 17,459 | 962,165 | |
QCR Holdings, Inc. | 2,173 | 67,428 | |
Regions Financial Corp. | 180,110 | 2,395,463 | |
Renasant Corp. (b) | 9,695 | 276,404 | |
S&T Bancorp, Inc. | 6,793 | 134,433 | |
Sandy Spring Bancorp, Inc. | 9,366 | 237,428 | |
Seacoast Banking Corp., Florida (a)(b) | 10,613 | 227,967 | |
ServisFirst Bancshares, Inc. | 10,108 | 372,985 | |
Signature Bank | 10,262 | 828,554 | |
Simmons First National Corp. Class A | 19,312 | 328,111 | |
South State Corp. | 13,272 | 814,901 | |
Southside Bancshares, Inc. | 5,454 | 147,040 | |
Sterling Bancorp | 37,281 | 498,820 | |
Stock Yards Bancorp, Inc. | 3,702 | 141,490 | |
SVB Financial Group (a) | 9,563 | 2,779,964 | |
Synovus Financial Corp. | 27,561 | 716,586 | |
TCF Financial Corp. | 27,812 | 756,765 | |
Texas Capital Bancshares, Inc. (a) | 9,951 | 447,795 | |
Tompkins Financial Corp. | 2,127 | 119,091 | |
TowneBank | 10,847 | 197,198 | |
Trico Bancshares | 4,604 | 133,194 | |
TriState Capital Holdings, Inc. (a) | 4,822 | 60,709 | |
Triumph Bancorp, Inc. (a)(b) | 4,045 | 170,416 | |
Truist Financial Corp. | 251,228 | 10,581,723 | |
Trustmark Corp. | 11,440 | 267,582 | |
U.S. Bancorp | 254,091 | 9,896,844 | |
UMB Financial Corp. | 8,428 | 513,012 | |
Umpqua Holdings Corp. | 41,203 | 517,510 | |
Union Bankshares Corp. | 15,123 | 382,461 | |
United Bankshares, Inc., West Virginia | 23,643 | 620,156 | |
United Community Bank, Inc. | 15,733 | 329,449 | |
Univest Corp. of Pennsylvania | 4,666 | 74,003 | |
Valley National Bancorp (b) | 74,504 | 569,211 | |
Veritex Holdings, Inc. | 10,331 | 203,831 | |
Washington Trust Bancorp, Inc. | 3,825 | 129,170 | |
Webster Financial Corp. | 16,168 | 520,771 | |
Wells Fargo & Co. | 766,526 | 16,441,983 | |
WesBanco, Inc. (b) | 14,861 | 360,974 | |
Westamerica Bancorp. | 4,689 | 245,563 | |
Western Alliance Bancorp. | 18,721 | 771,305 | |
Wintrust Financial Corp. | 10,973 | 540,201 | |
Zions Bancorp NA | 30,269 | 976,781 | |
214,463,321 | |||
Capital Markets - 2.6% | |||
Affiliated Managers Group, Inc. | 8,776 | 661,447 | |
Ameriprise Financial, Inc. | 22,301 | 3,586,670 | |
Artisan Partners Asset Management, Inc. | 10,959 | 439,018 | |
Assetmark Financial Holdings, Inc. (a) | 3,392 | 71,741 | |
B. Riley Financial, Inc. | 3,918 | 102,808 | |
Bank of New York Mellon Corp. | 150,956 | 5,186,848 | |
BGC Partners, Inc. Class A | 59,807 | 176,431 | |
BlackRock, Inc. Class A | 26,342 | 15,784,390 | |
Blucora, Inc. (a) | 8,161 | 81,202 | |
BrightSphere Investment Group, Inc. | 11,750 | 162,150 | |
Cboe Global Markets, Inc. | 20,213 | 1,643,115 | |
Charles Schwab Corp. | 275,335 | 11,319,022 | |
CME Group, Inc. | 66,637 | 10,043,529 | |
Cohen & Steers, Inc. | 4,326 | 243,597 | |
Cowen Group, Inc. Class A (b) | 5,370 | 115,240 | |
Diamond Hill Investment Group, Inc. | 470 | 64,362 | |
Donnelley Financial Solutions, Inc. (a)(b) | 5,701 | 72,004 | |
Eaton Vance Corp. (non-vtg.) | 21,155 | 1,264,857 | |
Evercore, Inc. Class A | 7,474 | 594,482 | |
FactSet Research Systems, Inc. | 7,040 | 2,157,760 | |
Federated Hermes, Inc. Class B (non-vtg.) | 17,542 | 419,254 | |
Focus Financial Partners, Inc. Class A (a) | 6,013 | 219,535 | |
Franklin Resources, Inc. | 49,866 | 934,988 | |
Goldman Sachs Group, Inc. | 63,953 | 12,089,675 | |
Greenhill & Co., Inc. | 2,228 | 28,808 | |
Hamilton Lane, Inc. Class A | 6,155 | 429,004 | |
Houlihan Lokey (b) | 9,526 | 597,280 | |
Interactive Brokers Group, Inc. | 14,452 | 687,482 | |
Intercontinental Exchange, Inc. | 104,269 | 9,842,994 | |
INTL FCStone, Inc. (a) | 3,156 | 167,205 | |
Invesco Ltd. | 68,771 | 901,588 | |
Janus Henderson Group PLC | 27,453 | 667,108 | |
Lazard Ltd. Class A | 20,602 | 693,669 | |
LPL Financial | 14,762 | 1,179,927 | |
MarketAxess Holdings, Inc. | 7,035 | 3,790,810 | |
Moelis & Co. Class A | 10,058 | 374,158 | |
Moody's Corp. | 29,975 | 7,880,428 | |
Morgan Stanley | 265,424 | 12,780,166 | |
Morningstar, Inc. | 4,034 | 767,993 | |
MSCI, Inc. | 15,547 | 5,438,962 | |
Northern Trust Corp. | 38,951 | 3,048,695 | |
Och-Ziff Capital Management Group LLC Class A (b) | 2,955 | 32,032 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 1,424 | 35,685 | |
Piper Jaffray Companies | 2,746 | 229,154 | |
PJT Partners, Inc. | 4,360 | 294,998 | |
Raymond James Financial, Inc. | 22,480 | 1,718,371 | |
S&P Global, Inc. | 44,739 | 14,438,617 | |
SEI Investments Co. | 22,669 | 1,114,181 | |
State Street Corp. | 65,335 | 3,848,232 | |
Stifel Financial Corp. | 12,718 | 743,494 | |
T. Rowe Price Group, Inc. | 42,266 | 5,353,412 | |
The Blackstone Group LP | 124,662 | 6,285,458 | |
The NASDAQ OMX Group, Inc. | 21,314 | 2,578,781 | |
Tradeweb Markets, Inc. Class A | 16,869 | 919,023 | |
Victory Capital Holdings, Inc. (b) | 2,735 | 50,160 | |
Virtu Financial, Inc. Class A | 14,707 | 314,436 | |
Virtus Investment Partners, Inc. | 1,254 | 200,076 | |
Waddell & Reed Financial, Inc. Class A (b) | 12,337 | 189,373 | |
WisdomTree Investments, Inc. | 22,032 | 80,196 | |
155,136,081 | |||
Consumer Finance - 0.5% | |||
Ally Financial, Inc. | 69,261 | 1,847,883 | |
American Express Co. | 121,335 | 11,070,605 | |
Capital One Financial Corp. | 84,660 | 6,186,953 | |
Credit Acceptance Corp. (a)(b) | 2,272 | 677,329 | |
CURO Group Holdings Corp. | 1,320 | 9,887 | |
Discover Financial Services | 57,293 | 3,724,618 | |
Encore Capital Group, Inc. (a)(b) | 5,817 | 185,737 | |
Enova International, Inc. (a) | 6,319 | 96,997 | |
EZCORP, Inc. (non-vtg.) Class A (a)(b) | 9,132 | 40,729 | |
First Cash Financial Services, Inc. | 7,482 | 389,363 | |
Green Dot Corp. Class A (a) | 9,743 | 519,497 | |
LendingClub Corp. (a) | 14,200 | 66,314 | |
LendingTree, Inc. (a)(b) | 1,455 | 470,823 | |
Navient Corp. | 37,756 | 302,426 | |
Nelnet, Inc. Class A | 3,670 | 224,017 | |
OneMain Holdings, Inc. | 14,753 | 514,732 | |
PRA Group, Inc. (a) | 8,138 | 277,750 | |
Regional Management Corp. (b) | 1,671 | 33,955 | |
Santander Consumer U.S.A. Holdings, Inc. | 13,331 | 271,153 | |
SLM Corp. | 70,335 | 646,379 | |
Synchrony Financial | 100,883 | 2,524,093 | |
World Acceptance Corp. (a)(b) | 865 | 72,651 | |
30,153,891 | |||
Diversified Financial Services - 1.3% | |||
Berkshire Hathaway, Inc. Class B (a) | 367,926 | 74,284,259 | |
Cannae Holdings, Inc. (a) | 16,167 | 597,856 | |
Equitable Holdings, Inc. | 75,516 | 1,622,839 | |
Jefferies Financial Group, Inc. | 39,481 | 770,274 | |
Voya Financial, Inc. | 23,170 | 1,110,538 | |
78,385,766 | |||
Insurance - 2.0% | |||
AFLAC, Inc. | 123,916 | 4,206,948 | |
Alleghany Corp. | 2,660 | 1,454,834 | |
Allstate Corp. | 58,124 | 5,158,505 | |
AMBAC Financial Group, Inc. (a) | 8,578 | 105,338 | |
American Equity Investment Life Holding Co. | 17,237 | 427,822 | |
American Financial Group, Inc. | 13,361 | 1,001,273 | |
American International Group, Inc. | 159,581 | 5,025,206 | |
American National Group, Inc. | 1,452 | 99,898 | |
Amerisafe, Inc. | 3,466 | 204,425 | |
Aon PLC | 43,049 | 7,921,446 | |
Arch Capital Group Ltd. (a) | 75,339 | 2,275,991 | |
Argo Group International Holdings, Ltd. | 6,065 | 216,399 | |
Arthur J. Gallagher & Co. | 35,546 | 3,686,476 | |
Assurant, Inc. | 11,073 | 1,377,149 | |
Assured Guaranty Ltd. | 16,195 | 413,458 | |
Athene Holding Ltd. (a) | 23,647 | 758,596 | |
Axis Capital Holdings Ltd. | 14,462 | 617,383 | |
Brighthouse Financial, Inc. (a) | 17,410 | 576,271 | |
Brown & Brown, Inc. | 44,002 | 1,914,527 | |
Chubb Ltd. | 83,904 | 10,899,969 | |
Cincinnati Financial Corp. | 27,757 | 1,963,530 | |
CNO Financial Group, Inc. (b) | 25,631 | 454,950 | |
eHealth, Inc. (a)(b) | 4,651 | 312,129 | |
Employers Holdings, Inc. | 5,430 | 173,814 | |
Enstar Group Ltd. (a) | 2,384 | 409,738 | |
Erie Indemnity Co. Class A | 4,596 | 1,070,271 | |
Everest Re Group Ltd. | 7,384 | 1,455,239 | |
First American Financial Corp. | 20,886 | 931,307 | |
FNF Group | 54,252 | 1,697,545 | |
Genworth Financial, Inc. Class A (a) | 95,725 | 376,199 | |
Globe Life, Inc. | 18,285 | 1,482,731 | |
Goosehead Insurance | 2,870 | 351,690 | |
Greenlight Capital Re, Ltd. (a)(b) | 6,458 | 43,592 | |
Hallmark Financial Services, Inc. (a)(b) | 2,291 | 6,209 | |
Hanover Insurance Group, Inc. | 6,961 | 665,889 | |
Hartford Financial Services Group, Inc. | 68,178 | 2,626,217 | |
HCI Group, Inc. | 1,035 | 48,624 | |
Heritage Insurance Holdings, Inc. | 3,315 | 31,294 | |
Horace Mann Educators Corp. | 7,820 | 265,176 | |
James River Group Holdings Ltd. | 5,746 | 268,511 | |
Kemper Corp. | 11,291 | 696,203 | |
Kinsale Capital Group, Inc. | 3,956 | 741,631 | |
Lincoln National Corp. | 33,946 | 1,191,505 | |
Loews Corp. | 43,870 | 1,521,412 | |
Markel Corp. (a) | 2,544 | 2,373,043 | |
Marsh & McLennan Companies, Inc. | 94,034 | 9,728,758 | |
MBIA, Inc. (a)(b) | 13,764 | 78,592 | |
Mercury General Corp. | 5,308 | 216,089 | |
MetLife, Inc. | 142,951 | 5,410,695 | |
National General Holdings Corp. | 12,305 | 418,001 | |
National Western Life Group, Inc. | 403 | 68,361 | |
Old Republic International Corp. | 52,836 | 860,170 | |
Palomar Holdings, Inc. (a) | 3,932 | 350,616 | |
Primerica, Inc. | 7,416 | 817,540 | |
Principal Financial Group, Inc. | 47,564 | 1,865,460 | |
ProAssurance Corp. | 9,671 | 149,224 | |
Progressive Corp. | 108,732 | 9,992,471 | |
ProSight Global, Inc. (a) | 1,716 | 20,300 | |
Prudential Financial, Inc. | 73,072 | 4,678,069 | |
Reinsurance Group of America, Inc. | 12,632 | 1,276,085 | |
RenaissanceRe Holdings Ltd. | 9,441 | 1,526,799 | |
RLI Corp. | 7,241 | 627,795 | |
Safety Insurance Group, Inc. | 2,436 | 170,520 | |
Selective Insurance Group, Inc. | 11,138 | 579,844 | |
State Auto Financial Corp. | 3,039 | 37,501 | |
Stewart Information Services Corp. | 4,905 | 207,923 | |
The Travelers Companies, Inc. | 46,877 | 5,658,523 | |
Third Point Reinsurance Ltd. (a) | 18,909 | 147,112 | |
Trupanion, Inc. (a)(b) | 5,892 | 421,514 | |
United Fire Group, Inc. | 3,743 | 76,881 | |
United Insurance Holdings Corp. | 3,578 | 15,707 | |
Universal Insurance Holdings, Inc. | 5,366 | 66,914 | |
Unum Group | 37,827 | 668,025 | |
W.R. Berkley Corp. | 26,112 | 1,569,853 | |
White Mountains Insurance Group Ltd. | 595 | 540,456 | |
Willis Towers Watson PLC | 23,987 | 4,377,148 | |
122,123,309 | |||
Mortgage Real Estate Investment Trusts - 0.1% | |||
AG Mortgage Investment Trust, Inc. | 4,830 | 12,606 | |
AGNC Investment Corp. | 102,746 | 1,435,362 | |
Annaly Capital Management, Inc. | 260,119 | 1,844,244 | |
Anworth Mortgage Asset Corp. | 15,570 | 25,535 | |
Apollo Commercial Real Estate Finance, Inc. | 25,968 | 225,922 | |
Ares Commercial Real Estate Corp. | 6,011 | 55,962 | |
Arlington Asset Investment Corp. | 9,366 | 23,040 | |
Armour Residential REIT, Inc. | 10,419 | 99,397 | |
Blackstone Mortgage Trust, Inc. | 26,387 | 572,598 | |
Capstead Mortgage Corp. | 15,069 | 77,003 | |
Cherry Hill Mortgage Investment Corp. | 1,748 | 16,012 | |
Chimera Investment Corp. | 41,898 | 349,848 | |
Colony NorthStar Credit Real Estate, Inc. | 14,743 | 77,253 | |
Dynex Capital, Inc. | 4,285 | 70,188 | |
Exantas Capital Corp. | 6,618 | 12,442 | |
Granite Point Mortgage Trust, Inc. | 8,753 | 58,995 | |
Great Ajax Corp. | 2,753 | 21,143 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 14,238 | 595,860 | |
Invesco Mortgage Capital, Inc. (b) | 29,546 | 79,774 | |
KKR Real Estate Finance Trust, Inc. | 5,535 | 92,490 | |
Ladder Capital Corp. Class A | 21,547 | 161,603 | |
MFA Financial, Inc. | 84,079 | 237,103 | |
New Residential Investment Corp. | 78,972 | 592,290 | |
New York Mortgage Trust, Inc. | 69,552 | 176,662 | |
Orchid Island Capital, Inc. | 14,471 | 75,104 | |
PennyMac Mortgage Investment Trust | 18,082 | 270,688 | |
Redwood Trust, Inc. | 21,021 | 178,679 | |
Starwood Property Trust, Inc. | 53,834 | 752,061 | |
TPG RE Finance Trust, Inc. | 10,023 | 78,380 | |
Two Harbors Investment Corp. | 49,924 | 252,615 | |
Western Asset Mortgage Capital Corp. | 9,566 | 18,558 | |
ZAIS Financial Corp. | 6,523 | 73,319 | |
8,612,736 | |||
Thrifts & Mortgage Finance - 0.1% | |||
Axos Financial, Inc. (a) | 10,800 | 294,408 | |
Capitol Federal Financial, Inc. | 27,213 | 312,405 | |
Columbia Financial, Inc. (a) | 7,751 | 94,485 | |
Dime Community Bancshares, Inc. | 4,670 | 59,076 | |
Essent Group Ltd. | 20,512 | 817,403 | |
Farmer Mac Class C (non-vtg.) | 1,695 | 109,480 | |
First Defiance Financial Corp. | 6,677 | 120,119 | |
Flagstar Bancorp, Inc. | 8,026 | 235,563 | |
HomeStreet, Inc. | 4,334 | 134,657 | |
Kearny Financial Corp. | 12,718 | 106,831 | |
Meridian Bancorp, Inc. Maryland | 8,249 | 102,700 | |
Meta Financial Group, Inc. | 7,132 | 209,253 | |
MGIC Investment Corp. | 62,278 | 626,517 | |
New York Community Bancorp, Inc. | 85,159 | 707,671 | |
NMI Holdings, Inc. (a) | 15,719 | 337,801 | |
Northfield Bancorp, Inc. | 7,451 | 75,702 | |
Northwest Bancshares, Inc. | 24,757 | 264,157 | |
Pennymac Financial Services, Inc. | 7,571 | 384,758 | |
Provident Financial Services, Inc. | 12,486 | 169,435 | |
Radian Group, Inc. | 36,247 | 650,634 | |
TFS Financial Corp. | 8,086 | 127,031 | |
Trustco Bank Corp., New York | 16,802 | 92,327 | |
Walker & Dunlop, Inc. | 5,360 | 337,037 | |
Washington Federal, Inc. | 14,400 | 306,576 | |
Waterstone Financial, Inc. | 4,272 | 72,111 | |
WMI Holdings Corp. (a) | 13,682 | 288,417 | |
WSFS Financial Corp. | 8,719 | 276,305 | |
7,312,859 | |||
TOTAL FINANCIALS | 616,187,963 | ||
HEALTH CARE - 14.2% | |||
Biotechnology - 2.7% | |||
89Bio, Inc. (a) | 1,011 | 23,415 | |
AbbVie, Inc. | 327,400 | 27,861,740 | |
Abeona Therapeutics, Inc. (a) | 11,891 | 12,723 | |
ACADIA Pharmaceuticals, Inc. (a) | 21,286 | 988,735 | |
Acceleron Pharma, Inc. (a) | 9,574 | 1,001,249 | |
Acorda Therapeutics, Inc. (a)(b) | 3,953 | 3,456 | |
Adamas Pharmaceuticals, Inc. (a) | 1,801 | 5,475 | |
ADMA Biologics, Inc. (a)(b) | 12,345 | 24,567 | |
Adverum Biotechnologies, Inc. (a) | 14,959 | 163,203 | |
Agenus, Inc. (a)(b) | 29,556 | 109,062 | |
Agios Pharmaceuticals, Inc. (a) | 10,782 | 432,035 | |
Akebia Therapeutics, Inc. (a)(b) | 27,164 | 60,304 | |
Akero Therapeutics, Inc. (a) | 3,437 | 91,252 | |
Albireo Pharma, Inc. (a) | 3,590 | 113,300 | |
Aldeyra Therapeutics, Inc. (a) | 7,717 | 51,550 | |
Alector, Inc. (a) | 10,217 | 96,142 | |
Alexion Pharmaceuticals, Inc. (a) | 40,761 | 4,693,222 | |
Alkermes PLC (a) | 29,985 | 487,256 | |
Allakos, Inc. (a)(b) | 5,773 | 549,185 | |
Allogene Therapeutics, Inc. (a)(b) | 11,918 | 404,259 | |
Alnylam Pharmaceuticals, Inc. (a) | 21,582 | 2,653,939 | |
Amgen, Inc. | 108,764 | 23,595,262 | |
Amicus Therapeutics, Inc. (a)(b) | 48,219 | 859,745 | |
AnaptysBio, Inc. (a) | 4,786 | 140,996 | |
Anavex Life Sciences Corp. (a)(b) | 11,975 | 70,653 | |
Anika Therapeutics, Inc. (a) | 2,358 | 76,918 | |
Apellis Pharmaceuticals, Inc. (a) | 9,764 | 311,472 | |
Arcus Biosciences, Inc. (a) | 8,412 | 183,382 | |
Arcutis Biotherapeutics, Inc. (a) | 3,080 | 54,886 | |
Ardelyx, Inc. (a)(b) | 10,266 | 52,459 | |
Arena Pharmaceuticals, Inc. (a) | 10,780 | 924,062 | |
Arrowhead Pharmaceuticals, Inc. (a)(b) | 18,832 | 1,079,074 | |
Assembly Biosciences, Inc. (a) | 5,944 | 87,615 | |
Atara Biotherapeutics, Inc. (a) | 13,830 | 178,545 | |
Athenex, Inc. (a)(b) | 12,252 | 139,673 | |
Avid Bioservices, Inc. (a)(b) | 9,970 | 72,283 | |
AVROBIO, Inc. (a)(b) | 5,758 | 82,224 | |
Beam Therapeutics, Inc. (b) | 4,183 | 142,933 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 32,751 | 125,109 | |
Biogen, Inc. (a) | 29,328 | 7,392,709 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a)(b) | 9,430 | 730,448 | |
BioMarin Pharmaceutical, Inc. (a) | 33,754 | 2,512,310 | |
Biospecifics Technologies Corp. (a) | 1,171 | 103,165 | |
Black Diamond Therapeutics, Inc. (a)(b) | 2,980 | 93,900 | |
bluebird bio, Inc. (a) | 12,495 | 646,116 | |
Blueprint Medicines Corp. (a) | 10,333 | 1,056,859 | |
Bridgebio Pharma, Inc. (a)(b) | 14,209 | 545,341 | |
Calithera Biosciences, Inc. (a) | 8,298 | 29,375 | |
CareDx, Inc. (a) | 9,394 | 460,776 | |
Castle Biosciences, Inc. (a)(b) | 2,685 | 124,665 | |
Catalyst Biosciences, Inc. (a) | 1,629 | 8,927 | |
Catalyst Pharmaceutical Partners, Inc. (a)(b) | 17,030 | 50,579 | |
Cel-Sci Corp. (a)(b) | 7,157 | 86,099 | |
ChemoCentryx, Inc. (a) | 9,074 | 435,552 | |
Clovis Oncology, Inc. (a)(b) | 16,889 | 83,263 | |
Coherus BioSciences, Inc. (a)(b) | 10,785 | 179,786 | |
Concert Pharmaceuticals, Inc. (a) | 4,143 | 42,756 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 12,965 | 12,183 | |
Cortexyme, Inc. (a)(b) | 2,616 | 125,228 | |
Cue Biopharma, Inc. (a) | 5,090 | 56,703 | |
Cytokinetics, Inc. (a)(b) | 12,854 | 197,566 | |
CytomX Therapeutics, Inc. (a) | 8,039 | 53,218 | |
Deciphera Pharmaceuticals, Inc. (a)(b) | 7,402 | 429,834 | |
Denali Therapeutics, Inc. (a) | 14,864 | 635,882 | |
Dicerna Pharmaceuticals, Inc. (a) | 12,458 | 261,493 | |
Dynavax Technologies Corp. (a)(b) | 18,665 | 69,620 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 2,002 | 93,133 | |
Editas Medicine, Inc. (a)(b) | 11,902 | 368,248 | |
Eiger Biopharmaceuticals, Inc. (a) | 5,638 | 50,065 | |
Emergent BioSolutions, Inc. (a)(b) | 8,351 | 751,339 | |
Enanta Pharmaceuticals, Inc. (a)(b) | 3,662 | 159,773 | |
Epizyme, Inc. (a)(b) | 17,727 | 219,106 | |
Esperion Therapeutics, Inc. (a)(b) | 5,167 | 154,855 | |
Exact Sciences Corp. (a) | 27,828 | 3,445,941 | |
Exelixis, Inc. (a) | 57,504 | 1,177,682 | |
Fate Therapeutics, Inc. (a)(b) | 13,720 | 609,168 | |
FibroGen, Inc. (a)(b) | 15,535 | 596,233 | |
Five Prime Therapeutics, Inc. (a) | 4,233 | 19,302 | |
Flexion Therapeutics, Inc. (a)(b) | 9,709 | 116,411 | |
G1 Therapeutics, Inc. (a) | 4,298 | 47,235 | |
Geron Corp. (a)(b) | 66,152 | 115,104 | |
Gilead Sciences, Inc. | 232,691 | 13,530,982 | |
Global Blood Therapeutics, Inc. (a) | 11,195 | 591,992 | |
GlycoMimetics, Inc. (a) | 3,425 | 9,590 | |
Gossamer Bio, Inc. (a)(b) | 10,816 | 89,773 | |
Gritstone Oncology, Inc. (a)(b) | 3,371 | 9,203 | |
Halozyme Therapeutics, Inc. (a)(b) | 24,315 | 680,820 | |
Heron Therapeutics, Inc. (a)(b) | 16,171 | 263,749 | |
Homology Medicines, Inc. (a)(b) | 6,476 | 68,451 | |
ImmunoGen, Inc. (a) | 33,726 | 190,215 | |
Incyte Corp. (a) | 34,452 | 2,984,921 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 30,384 | 299,282 | |
Insmed, Inc. (a) | 18,495 | 609,225 | |
Intellia Therapeutics, Inc. (a)(b) | 9,830 | 235,330 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 4,897 | 136,088 | |
Invitae Corp. (a)(b) | 24,482 | 959,939 | |
Ionis Pharmaceuticals, Inc. (a) | 25,661 | 1,204,784 | |
Iovance Biotherapeutics, Inc. (a) | 25,585 | 912,873 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(b) | 30,541 | 301,745 | |
Jounce Therapeutics, Inc. (a)(b) | 3,527 | 29,345 | |
Kadmon Holdings, Inc. (a) | 25,624 | 87,122 | |
Kalvista Pharmaceuticals, Inc. (a)(b) | 2,189 | 37,673 | |
Karuna Therapeutics, Inc. (a)(b) | 3,148 | 255,586 | |
Karyopharm Therapeutics, Inc. (a)(b) | 11,914 | 176,565 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 5,000 | 78,300 | |
Kodiak Sciences, Inc. (a)(b) | 4,841 | 439,611 | |
Krystal Biotech, Inc. (a) | 3,146 | 135,247 | |
Kura Oncology, Inc. (a) | 10,262 | 320,688 | |
La Jolla Pharmaceutical Co. (a)(b) | 3,000 | 10,200 | |
Ligand Pharmaceuticals, Inc. Class B (a)(b) | 3,037 | 250,401 | |
Macrogenics, Inc. (a) | 9,876 | 191,693 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 1,678 | 213,526 | |
MannKind Corp. (a)(b) | 45,632 | 91,720 | |
Minerva Neurosciences, Inc. (a) | 5,878 | 18,868 | |
Mirati Therapeutics, Inc. (a)(b) | 8,081 | 1,754,708 | |
Moderna, Inc. (a)(b) | 55,558 | 3,748,498 | |
Molecular Templates, Inc. (a) | 6,973 | 61,641 | |
Myriad Genetics, Inc. (a) | 14,589 | 181,341 | |
Natera, Inc. (a) | 14,078 | 946,886 | |
Neurocrine Biosciences, Inc. (a) | 17,407 | 1,717,549 | |
NextCure, Inc. (a)(b) | 1,418 | 13,698 | |
Novavax, Inc. (a)(b) | 10,372 | 837,124 | |
Opko Health, Inc. (a)(b) | 79,678 | 280,467 | |
PDL BioPharma, Inc. (a) | 20,940 | 45,021 | |
PhaseBio Pharmaceuticals, Inc. (a)(b) | 3,484 | 9,511 | |
Pieris Pharmaceuticals, Inc. (a)(b) | 8,432 | 21,164 | |
Precigen, Inc. (a)(b) | 11,970 | 51,351 | |
Protagonist Therapeutics, Inc. (a) | 6,723 | 127,401 | |
Prothena Corp. PLC (a) | 5,951 | 64,925 | |
PTC Therapeutics, Inc. (a)(b) | 12,706 | 663,126 | |
Puma Biotechnology, Inc. (a) | 6,050 | 50,639 | |
Radius Health, Inc. (a) | 10,106 | 135,521 | |
Recro Pharma, Inc. (a) | 2,879 | 4,578 | |
Regeneron Pharmaceuticals, Inc. (a) | 19,422 | 10,557,022 | |
REGENXBIO, Inc. (a) | 5,465 | 157,173 | |
Repligen Corp. (a) | 9,048 | 1,507,125 | |
Retrophin, Inc. (a) | 8,339 | 168,781 | |
Revolution Medicines, Inc. | 7,653 | 231,044 | |
Rhythm Pharmaceuticals, Inc. (a)(b) | 5,757 | 121,876 | |
Rigel Pharmaceuticals, Inc. (a) | 26,609 | 65,990 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 7,297 | 203,878 | |
Rubius Therapeutics, Inc. (a)(b) | 5,938 | 25,118 | |
Sage Therapeutics, Inc. (a)(b) | 9,694 | 711,346 | |
Sangamo Therapeutics, Inc. (a)(b) | 23,227 | 240,167 | |
Sarepta Therapeutics, Inc. (a) | 14,598 | 1,984,014 | |
Seagen, Inc. (a) | 22,587 | 3,767,512 | |
Sesen Bio, Inc. (a) | 23,940 | 24,419 | |
Sorrento Therapeutics, Inc. (a)(b) | 37,102 | 257,488 | |
Spectrum Pharmaceuticals, Inc. (a) | 29,030 | 99,573 | |
Stoke Therapeutics, Inc. (a)(b) | 3,252 | 124,844 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 5,401 | 94,031 | |
Syros Pharmaceuticals, Inc. (a)(b) | 5,936 | 39,593 | |
TCR2 Therapeutics, Inc. (a) | 4,405 | 86,646 | |
TG Therapeutics, Inc. (a) | 18,814 | 475,430 | |
Translate Bio, Inc. (a)(b) | 12,640 | 162,171 | |
Turning Point Therapeutics, Inc. (a) | 7,706 | 710,416 | |
Twist Bioscience Corp. (a) | 7,018 | 537,860 | |
Ultragenyx Pharmaceutical, Inc. (a)(b) | 11,637 | 1,169,519 | |
United Therapeutics Corp. (a) | 8,310 | 1,115,451 | |
UNITY Biotechnology, Inc. (a)(b) | 4,685 | 18,131 | |
Vanda Pharmaceuticals, Inc. (a) | 9,081 | 97,076 | |
Veracyte, Inc. (a)(b) | 10,784 | 373,773 | |
Verastem, Inc. (a)(b) | 27,193 | 32,632 | |
Vericel Corp. (a)(b) | 8,230 | 152,502 | |
Vertex Pharmaceuticals, Inc. (a) | 48,400 | 10,084,624 | |
Viking Therapeutics, Inc. (a)(b) | 11,665 | 65,674 | |
Voyager Therapeutics, Inc. (a) | 4,677 | 49,717 | |
Xbiotech, Inc. (a) | 2,697 | 46,146 | |
Xencor, Inc. (a) | 11,193 | 429,587 | |
XOMA Corp. (a)(b) | 2,655 | 65,871 | |
Y-mAbs Therapeutics, Inc. (a) | 4,902 | 209,511 | |
ZIOPHARM Oncology, Inc. (a)(b) | 32,731 | 68,408 | |
164,814,103 | |||
Health Care Equipment & Supplies - 3.8% | |||
Abbott Laboratories | 328,858 | 34,566,264 | |
Abiomed, Inc. (a) | 8,340 | 2,100,679 | |
Accelerate Diagnostics, Inc. (a)(b) | 5,096 | 48,004 | |
Accuray, Inc. (a) | 15,612 | 45,431 | |
Align Technology, Inc. (a) | 13,327 | 5,678,368 | |
Alphatec Holdings, Inc. (a) | 7,129 | 60,882 | |
Angiodynamics, Inc. (a) | 7,777 | 80,414 | |
Antares Pharma, Inc. (a) | 24,722 | 67,491 | |
Atricure, Inc. (a) | 8,619 | 297,873 | |
Atrion Corp. (b) | 245 | 147,282 | |
Avanos Medical, Inc. (a) | 8,734 | 308,747 | |
AxoGen, Inc. (a) | 5,529 | 69,721 | |
Axonics Modulation Technologies, Inc. (a)(b) | 5,457 | 255,879 | |
Baxter International, Inc. | 94,050 | 7,295,459 | |
Becton, Dickinson & Co. | 53,837 | 12,443,346 | |
BioLife Solutions, Inc. (a)(b) | 4,771 | 136,975 | |
Boston Scientific Corp. (a) | 266,028 | 9,116,780 | |
Cantel Medical Corp. | 7,092 | 339,281 | |
Cardiovascular Systems, Inc. (a) | 7,453 | 265,699 | |
Cerus Corp. (a) | 32,529 | 170,777 | |
CONMED Corp. | 5,166 | 402,793 | |
Cryolife, Inc. (a)(b) | 6,754 | 113,197 | |
CryoPort, Inc. (a)(b) | 6,980 | 280,177 | |
Cutera, Inc. (a) | 2,574 | 48,726 | |
Danaher Corp. | 117,151 | 26,890,841 | |
Dentsply Sirona, Inc. | 40,669 | 1,919,170 | |
DexCom, Inc. (a) | 17,811 | 5,692,039 | |
Edwards Lifesciences Corp. (a) | 115,642 | 8,290,375 | |
Genmark Diagnostics, Inc. (a)(b) | 12,397 | 151,491 | |
Glaukos Corp. (a)(b) | 8,235 | 460,501 | |
Globus Medical, Inc. (a) | 14,120 | 735,934 | |
Haemonetics Corp. (a) | 9,296 | 939,733 | |
Heska Corp. (a)(b) | 1,613 | 189,253 | |
Hill-Rom Holdings, Inc. | 12,380 | 1,127,447 | |
Hologic, Inc. (a) | 48,213 | 3,318,019 | |
ICU Medical, Inc. (a) | 3,640 | 647,156 | |
IDEXX Laboratories, Inc. (a) | 15,810 | 6,716,404 | |
Inogen, Inc. (a) | 3,287 | 96,013 | |
Insulet Corp. (a) | 12,184 | 2,707,894 | |
Integer Holdings Corp. (a)(b) | 5,984 | 349,765 | |
Integra LifeSciences Holdings Corp. (a) | 12,983 | 572,550 | |
IntriCon Corp. (a) | 701 | 8,763 | |
Intuitive Surgical, Inc. (a) | 21,748 | 14,507,656 | |
Invacare Corp. | 6,817 | 55,286 | |
IRadimed Corp. (a) | 1,043 | 23,624 | |
iRhythm Technologies, Inc. (a)(b) | 5,280 | 1,116,456 | |
Lantheus Holdings, Inc. (a)(b) | 11,866 | 128,865 | |
LeMaitre Vascular, Inc. | 2,852 | 92,633 | |
LENSAR, Inc. (a)(b) | 1,588 | 15,499 | |
LivaNova PLC (a) | 9,095 | 457,842 | |
Masimo Corp. (a) | 9,431 | 2,110,846 | |
Medtronic PLC | 249,614 | 25,103,680 | |
Meridian Bioscience, Inc. (a) | 7,362 | 126,258 | |
Merit Medical Systems, Inc. (a) | 8,954 | 448,148 | |
Mesa Laboratories, Inc. | 929 | 242,850 | |
Natus Medical, Inc. (a) | 5,530 | 100,701 | |
Neogen Corp. (a) | 10,072 | 702,421 | |
Nevro Corp. (a) | 6,446 | 961,808 | |
NuVasive, Inc. (a) | 9,759 | 433,592 | |
OraSure Technologies, Inc. (a) | 12,852 | 192,009 | |
Orthofix International NV (a) | 3,257 | 101,814 | |
OrthoPediatrics Corp. (a)(b) | 2,258 | 100,707 | |
Penumbra, Inc. (a)(b) | 6,246 | 1,630,393 | |
Quidel Corp. (a) | 7,106 | 1,906,469 | |
ResMed, Inc. | 26,927 | 5,168,368 | |
Seaspine Holdings Corp. (a) | 3,451 | 44,035 | |
Senseonics Holdings, Inc. (a)(b) | 25,551 | 9,536 | |
Shockwave Medical, Inc. (a)(b) | 5,643 | 385,530 | |
SI-BONE, Inc. (a) | 5,409 | 113,427 | |
Sientra, Inc. (a) | 7,889 | 33,292 | |
Silk Road Medical, Inc. (a) | 6,155 | 372,993 | |
Staar Surgical Co. (a) | 8,358 | 605,955 | |
STERIS PLC | 15,885 | 2,814,663 | |
Stryker Corp. | 60,709 | 12,263,825 | |
SurModics, Inc. (a) | 2,364 | 86,877 | |
Tactile Systems Technology, Inc. (a)(b) | 3,267 | 119,507 | |
Tandem Diabetes Care, Inc. (a) | 11,260 | 1,227,340 | |
Teleflex, Inc. | 8,647 | 2,751,735 | |
The Cooper Companies, Inc. | 9,154 | 2,920,584 | |
TransMedics Group, Inc. (a) | 4,779 | 57,252 | |
Vapotherm, Inc. (a)(b) | 4,019 | 120,369 | |
Varex Imaging Corp. (a)(b) | 7,248 | 97,123 | |
Varian Medical Systems, Inc. (a) | 16,875 | 2,916,000 | |
ViewRay, Inc. (a)(b) | 22,516 | 66,873 | |
West Pharmaceutical Services, Inc. | 13,714 | 3,731,168 | |
Wright Medical Group NV (a) | 24,035 | 735,231 | |
Zimmer Biomet Holdings, Inc. | 38,386 | 5,070,791 | |
Zynex, Inc. (a)(b) | 3,174 | 40,659 | |
227,466,283 | |||
Health Care Providers & Services - 2.5% | |||
1Life Healthcare, Inc. (a) | 13,073 | 368,789 | |
Acadia Healthcare Co., Inc. (a) | 15,926 | 567,762 | |
Addus HomeCare Corp. (a) | 2,766 | 269,879 | |
Amedisys, Inc. (a) | 5,976 | 1,547,784 | |
American Renal Associates Holdings, Inc. (a) | 2,177 | 25,014 | |
AmerisourceBergen Corp. | 27,402 | 2,632,510 | |
AMN Healthcare Services, Inc. (a) | 8,504 | 555,141 | |
Anthem, Inc. | 46,757 | 12,755,310 | |
Apollo Medical Holdings, Inc. (a) | 3,823 | 65,985 | |
BioScrip, Inc. (a)(b) | 10,243 | 136,539 | |
BioTelemetry, Inc. (a) | 6,683 | 284,562 | |
Brookdale Senior Living, Inc. (a) | 31,156 | 91,599 | |
Cardinal Health, Inc. | 54,720 | 2,505,629 | |
Centene Corp. (a) | 107,805 | 6,371,299 | |
Chemed Corp. | 2,940 | 1,406,261 | |
Cigna Corp. | 68,282 | 11,401,046 | |
Community Health Systems, Inc. (a)(b) | 19,256 | 120,157 | |
Corvel Corp. (a) | 1,638 | 149,418 | |
Covetrus, Inc. (a) | 18,471 | 456,049 | |
Cross Country Healthcare, Inc. (a) | 8,105 | 63,624 | |
CVS Health Corp. | 243,169 | 13,639,349 | |
DaVita HealthCare Partners, Inc. (a) | 14,495 | 1,250,194 | |
Encompass Health Corp. | 18,533 | 1,136,258 | |
Guardant Health, Inc. (a) | 15,694 | 1,673,922 | |
Hanger, Inc. (a) | 6,435 | 112,419 | |
HCA Holdings, Inc. | 49,030 | 6,076,778 | |
HealthEquity, Inc. (a)(b) | 14,171 | 729,665 | |
Henry Schein, Inc. (a) | 26,493 | 1,684,425 | |
Humana, Inc. | 24,596 | 9,820,691 | |
Laboratory Corp. of America Holdings (a) | 18,050 | 3,605,849 | |
LHC Group, Inc. (a) | 5,870 | 1,271,149 | |
Magellan Health Services, Inc. (a) | 4,046 | 292,404 | |
McKesson Corp. | 30,235 | 4,459,360 | |
MEDNAX, Inc. (a) | 14,949 | 190,600 | |
Molina Healthcare, Inc. (a) | 10,966 | 2,044,830 | |
National Healthcare Corp. | 2,095 | 132,614 | |
National Research Corp. Class A | 2,787 | 144,367 | |
Owens & Minor, Inc. | 13,750 | 345,400 | |
Patterson Companies, Inc. (b) | 16,017 | 398,423 | |
Pennant Group, Inc. (a)(b) | 4,589 | 191,178 | |
PetIQ, Inc. Class A (a)(b) | 3,568 | 101,902 | |
Premier, Inc. | 13,099 | 428,730 | |
Providence Service Corp. (a) | 2,353 | 276,595 | |
Quest Diagnostics, Inc. | 25,001 | 3,053,622 | |
R1 RCM, Inc. (a) | 21,857 | 391,677 | |
RadNet, Inc. (a)(b) | 7,181 | 104,196 | |
Select Medical Holdings Corp. (a) | 19,920 | 417,922 | |
Surgery Partners, Inc. (a) | 4,132 | 90,160 | |
Tenet Healthcare Corp. (a) | 19,707 | 483,610 | |
The Ensign Group, Inc. | 9,287 | 546,447 | |
The Joint Corp. (a)(b) | 2,072 | 38,829 | |
Tivity Health, Inc. (a) | 8,008 | 110,110 | |
Triple-S Management Corp. (a)(b) | 4,856 | 89,933 | |
U.S. Physical Therapy, Inc. | 2,448 | 194,200 | |
UnitedHealth Group, Inc. | 176,462 | 53,845,615 | |
Universal Health Services, Inc. Class B | 14,466 | 1,584,750 | |
152,732,530 | |||
Health Care Technology - 0.3% | |||
Allscripts Healthcare Solutions, Inc. (a) | 29,092 | 293,247 | |
Cerner Corp. | 56,788 | 3,980,271 | |
Change Healthcare, Inc. (a) | 41,087 | 581,381 | |
Computer Programs & Systems, Inc. (b) | 2,468 | 68,833 | |
Evolent Health, Inc. (a)(b) | 15,315 | 152,231 | |
Health Catalyst, Inc. (a) | 5,639 | 194,433 | |
HealthStream, Inc. (a) | 3,984 | 72,907 | |
HMS Holdings Corp. (a) | 16,773 | 446,497 | |
Inovalon Holdings, Inc. Class A (a) | 14,752 | 280,140 | |
Inspire Medical Systems, Inc. (a)(b) | 4,915 | 586,998 | |
Nextgen Healthcare, Inc. (a) | 10,623 | 144,473 | |
Omnicell, Inc. (a)(b) | 7,985 | 691,102 | |
OptimizeRx Corp. (a)(b) | 2,370 | 46,926 | |
Phreesia, Inc. (a) | 5,822 | 215,239 | |
Schrodinger, Inc. | 6,029 | 294,095 | |
Simulations Plus, Inc. | 2,871 | 186,098 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 4,128 | 142,581 | |
Teladoc Health, Inc. (a)(b) | 22,190 | 4,359,447 | |
Veeva Systems, Inc. Class A (a) | 25,109 | 6,780,685 | |
Vocera Communications, Inc. (a) | 5,697 | 186,748 | |
19,704,332 | |||
Life Sciences Tools & Services - 1.3% | |||
Adaptive Biotechnologies Corp. (a) | 15,183 | 699,633 | |
Agilent Technologies, Inc. | 57,158 | 5,835,260 | |
Avantor, Inc. (a) | 82,798 | 1,926,709 | |
Bio-Rad Laboratories, Inc. Class A (a) | 3,965 | 2,325,155 | |
Bio-Techne Corp. | 7,170 | 1,809,780 | |
Bruker Corp. | 19,321 | 821,915 | |
Charles River Laboratories International, Inc. (a) | 9,292 | 2,115,788 | |
Codexis, Inc. (a) | 8,371 | 111,418 | |
Fluidigm Corp. (a)(b) | 12,595 | 72,295 | |
Frontage Holdings Corp. (a)(d) | 108,000 | 47,365 | |
Illumina, Inc. (a) | 27,144 | 7,945,049 | |
IQVIA Holdings, Inc. (a) | 35,450 | 5,458,946 | |
Luminex Corp. | 8,368 | 184,431 | |
Medpace Holdings, Inc. (a) | 5,086 | 564,241 | |
Mettler-Toledo International, Inc. (a) | 4,445 | 4,435,710 | |
Nanostring Technologies, Inc. (a) | 8,290 | 303,829 | |
NeoGenomics, Inc. (a) | 20,470 | 803,038 | |
Pacific Biosciences of California, Inc. (a)(b) | 32,654 | 428,094 | |
PerkinElmer, Inc. | 20,947 | 2,713,684 | |
PPD, Inc. | 20,256 | 666,017 | |
PRA Health Sciences, Inc. (a) | 12,118 | 1,180,778 | |
Quanterix Corp. (a) | 4,216 | 154,348 | |
Syneos Health, Inc. (a) | 13,244 | 702,992 | |
Thermo Fisher Scientific, Inc. | 73,407 | 34,730,320 | |
Waters Corp. (a) | 11,473 | 2,556,414 | |
78,593,209 | |||
Pharmaceuticals - 3.6% | |||
AcelRx Pharmaceuticals, Inc. (a) | 18,538 | 31,700 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 9,175 | 97,347 | |
AMAG Pharmaceuticals, Inc. (a) | 4,837 | 66,364 | |
Amneal Pharmaceuticals, Inc. (a) | 20,194 | 84,007 | |
Amphastar Pharmaceuticals, Inc. (a)(b) | 8,102 | 158,718 | |
ANI Pharmaceuticals, Inc. (a)(b) | 1,406 | 35,839 | |
Arvinas Holding Co. LLC (a)(b) | 4,699 | 98,256 | |
Assertio Holdings, Inc. (a) | 8,175 | 5,069 | |
Axsome Therapeutics, Inc. (a) | 4,770 | 316,299 | |
Biodelivery Sciences International, Inc. (a) | 21,487 | 67,899 | |
Bristol-Myers Squibb Co. | 418,675 | 24,471,554 | |
Cara Therapeutics, Inc. (a)(b) | 7,893 | 104,661 | |
Catalent, Inc. (a) | 30,351 | 2,663,907 | |
Chiasma, Inc. (a)(b) | 7,202 | 27,008 | |
Collegium Pharmaceutical, Inc. (a) | 6,982 | 124,489 | |
Corcept Therapeutics, Inc. (a) | 19,367 | 324,978 | |
CorMedix, Inc. (a)(b) | 4,827 | 24,376 | |
CymaBay Therapeutics, Inc. (a) | 13,326 | 110,872 | |
Durect Corp. (a)(b) | 33,164 | 59,861 | |
Elanco Animal Health, Inc. (a) | 60,467 | 1,875,082 | |
Eli Lilly & Co. | 147,493 | 19,241,937 | |
Endo International PLC (a)(b) | 44,206 | 202,021 | |
Evofem Biosciences, Inc. (a)(b) | 10,376 | 24,591 | |
Evolus, Inc. (a)(b) | 4,178 | 12,659 | |
Horizon Therapeutics PLC (a) | 39,377 | 2,950,519 | |
Innoviva, Inc. (a)(b) | 12,439 | 134,466 | |
Intersect ENT, Inc. (a) | 5,675 | 87,963 | |
Intra-Cellular Therapies, Inc. (a)(b) | 13,428 | 331,269 | |
Jazz Pharmaceuticals PLC (a) | 10,330 | 1,488,553 | |
Johnson & Johnson | 488,795 | 67,018,682 | |
Kala Pharmaceuticals, Inc. (a)(b) | 8,813 | 58,166 | |
Lannett Co., Inc. (a)(b) | 4,324 | 27,803 | |
Merck & Co., Inc. | 469,680 | 35,324,633 | |
Mylan NV (a) | 96,637 | 1,405,102 | |
MyoKardia, Inc. (a) | 9,823 | 2,195,735 | |
Nektar Therapeutics (a)(b) | 34,293 | 543,201 | |
Ocular Therapeutix, Inc. (a)(b) | 11,733 | 111,464 | |
Odonate Therapeutics, Inc. (a) | 2,081 | 29,987 | |
Omeros Corp. (a)(b) | 11,541 | 117,026 | |
OptiNose, Inc. (a)(b) | 4,816 | 15,411 | |
Pacira Biosciences, Inc. (a)(b) | 8,108 | 424,048 | |
Paratek Pharmaceuticals, Inc. (a) | 5,931 | 28,291 | |
Perrigo Co. PLC | 25,002 | 1,096,838 | |
Pfizer, Inc. | 1,032,103 | 36,619,014 | |
Phibro Animal Health Corp. Class A (b) | 3,400 | 55,896 | |
Prestige Brands Holdings, Inc. (a) | 9,878 | 326,270 | |
Reata Pharmaceuticals, Inc. (a)(b) | 4,393 | 512,707 | |
Revance Therapeutics, Inc. (a) | 11,377 | 294,437 | |
Royalty Pharma PLC | 14,818 | 543,821 | |
Supernus Pharmaceuticals, Inc. (a) | 10,966 | 201,336 | |
TherapeuticsMD, Inc. (a)(b) | 36,264 | 44,242 | |
Theravance Biopharma, Inc. (a)(b) | 9,449 | 178,681 | |
Tricida, Inc. (a)(b) | 4,618 | 25,999 | |
WAVE Life Sciences (a)(b) | 3,503 | 24,766 | |
Xeris Pharmaceuticals, Inc. (a)(b) | 6,627 | 31,346 | |
Zoetis, Inc. Class A | 88,281 | 13,996,953 | |
Zogenix, Inc. (a)(b) | 9,766 | 208,211 | |
Zynerba Pharmaceuticals, Inc. (a) | 1,835 | 6,294 | |
216,688,624 | |||
TOTAL HEALTH CARE | 859,999,081 | ||
INDUSTRIALS - 8.8% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. | 5,309 | 103,313 | |
Aerojet Rocketdyne Holdings, Inc. (a) | 13,766 | 446,294 | |
AeroVironment, Inc. (a) | 3,963 | 302,615 | |
Astronics Corp. (a) | 3,951 | 25,286 | |
Axon Enterprise, Inc. (a) | 11,724 | 1,159,504 | |
BWX Technologies, Inc. | 17,755 | 976,703 | |
Cubic Corp. | 5,826 | 344,375 | |
Curtiss-Wright Corp. | 7,671 | 647,126 | |
Ducommun, Inc. (a)(b) | 1,759 | 57,871 | |
General Dynamics Corp. | 43,327 | 5,690,135 | |
Harris Corp. | 40,194 | 6,475,655 | |
HEICO Corp. | 8,240 | 865,612 | |
HEICO Corp. Class A | 13,423 | 1,255,051 | |
Hexcel Corp. | 15,489 | 518,572 | |
Howmet Aerospace, Inc. | 72,949 | 1,258,370 | |
Huntington Ingalls Industries, Inc. | 7,554 | 1,114,064 | |
Kaman Corp. | 5,068 | 200,997 | |
Kratos Defense & Security Solutions, Inc. (a)(b) | 22,522 | 425,441 | |
Lockheed Martin Corp. | 45,662 | 15,987,636 | |
Maxar Technologies, Inc. (b) | 11,137 | 287,000 | |
Mercury Systems, Inc. (a) | 10,392 | 715,801 | |
Moog, Inc. Class A | 5,499 | 343,083 | |
National Presto Industries, Inc. | 1,066 | 88,574 | |
Northrop Grumman Corp. | 28,810 | 8,349,714 | |
Park Aerospace Corp. | 4,440 | 47,020 | |
Parsons Corp. (a) | 4,385 | 138,215 | |
Raytheon Technologies Corp. | 284,003 | 15,427,043 | |
Spirit AeroSystems Holdings, Inc. Class A | 19,963 | 363,127 | |
Teledyne Technologies, Inc. (a) | 6,913 | 2,137,154 | |
Textron, Inc. | 42,567 | 1,523,899 | |
The Boeing Co. | 98,634 | 14,241,763 | |
TransDigm Group, Inc. | 10,044 | 4,795,106 | |
Triumph Group, Inc. | 8,204 | 54,146 | |
Vectrus, Inc. (a) | 1,818 | 71,847 | |
86,438,112 | |||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a) | 10,916 | 306,085 | |
Atlas Air Worldwide Holdings, Inc. (a) | 4,955 | 293,138 | |
C.H. Robinson Worldwide, Inc. | 24,991 | 2,209,954 | |
Echo Global Logistics, Inc. (a) | 5,182 | 139,759 | |
Expeditors International of Washington, Inc. | 31,120 | 2,750,074 | |
FedEx Corp. | 44,806 | 11,625,813 | |
Forward Air Corp. | 5,062 | 318,754 | |
Hub Group, Inc. Class A (a)(b) | 6,497 | 325,695 | |
United Parcel Service, Inc. Class B | 131,339 | 20,634,670 | |
XPO Logistics, Inc. (a) | 17,147 | 1,543,230 | |
40,147,172 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. | 23,052 | 873,440 | |
Allegiant Travel Co. | 2,337 | 314,934 | |
American Airlines Group, Inc. (b) | 94,394 | 1,064,764 | |
Delta Air Lines, Inc. | 118,477 | 3,630,135 | |
Hawaiian Holdings, Inc. (b) | 8,303 | 114,997 | |
JetBlue Airways Corp. (a) | 50,905 | 609,333 | |
Mesa Air Group, Inc. (a) | 5,648 | 17,848 | |
SkyWest, Inc. | 9,092 | 263,941 | |
Southwest Airlines Co. | 109,209 | 4,317,032 | |
Spirit Airlines, Inc. (a) | 16,526 | 290,362 | |
United Airlines Holdings, Inc. (a) | 54,242 | 1,836,634 | |
13,333,420 | |||
Building Products - 0.6% | |||
A.O. Smith Corp. | 25,301 | 1,307,809 | |
AAON, Inc. | 7,387 | 431,475 | |
Advanced Drain Systems, Inc. | 8,892 | 564,020 | |
Allegion PLC | 17,167 | 1,690,950 | |
American Woodmark Corp. (a) | 3,284 | 271,291 | |
Apogee Enterprises, Inc. | 5,032 | 120,214 | |
Armstrong World Industries, Inc. | 8,762 | 524,844 | |
Builders FirstSource, Inc. (a) | 22,108 | 669,872 | |
Carrier Global Corp. | 150,822 | 5,035,947 | |
Cornerstone Building Brands, Inc. (a) | 9,335 | 71,599 | |
CSW Industrials, Inc. | 2,579 | 220,582 | |
Fortune Brands Home & Security, Inc. | 25,434 | 2,056,848 | |
Gibraltar Industries, Inc. (a) | 6,051 | 347,630 | |
Griffon Corp. | 9,089 | 194,868 | |
Insteel Industries, Inc. | 2,617 | 56,946 | |
Jeld-Wen Holding, Inc. (a) | 12,515 | 263,190 | |
Johnson Controls International PLC | 138,672 | 5,853,345 | |
Lennox International, Inc. | 6,624 | 1,799,476 | |
Masco Corp. | 48,540 | 2,601,744 | |
Masonite International Corp. (a) | 4,633 | 407,704 | |
Owens Corning | 20,131 | 1,317,977 | |
Patrick Industries, Inc. | 4,382 | 244,297 | |
PGT Innovations, Inc. (a) | 11,157 | 184,983 | |
Quanex Building Products Corp. (b) | 6,178 | 112,440 | |
Resideo Technologies, Inc. (a) | 21,990 | 221,659 | |
Simpson Manufacturing Co. Ltd. | 8,190 | 726,617 | |
Trane Technologies PLC | 44,537 | 5,912,287 | |
Trex Co., Inc. (a) | 21,422 | 1,489,686 | |
UFP Industries, Inc. | 11,192 | 558,593 | |
35,258,893 | |||
Commercial Services & Supplies - 0.5% | |||
ABM Industries, Inc. | 12,322 | 427,820 | |
ACCO Brands Corp. | 15,306 | 80,663 | |
Brady Corp. Class A | 8,730 | 329,296 | |
BrightView Holdings, Inc. (a) | 5,289 | 64,684 | |
Casella Waste Systems, Inc. Class A (a)(b) | 8,349 | 450,763 | |
Cimpress PLC (a) | 3,547 | 260,350 | |
Cintas Corp. | 16,119 | 5,070,231 | |
Clean Harbors, Inc. (a) | 9,450 | 500,567 | |
Copart, Inc. (a) | 38,286 | 4,225,243 | |
Covanta Holding Corp. | 19,412 | 176,261 | |
Deluxe Corp. | 7,983 | 171,156 | |
Ennis, Inc. | 4,615 | 70,333 | |
Harsco Corp. (a)(b) | 14,215 | 183,374 | |
Healthcare Services Group, Inc. | 14,739 | 337,228 | |
Herman Miller, Inc. | 10,928 | 332,976 | |
HNI Corp. | 8,339 | 271,434 | |
IAA Spinco, Inc. (a) | 25,292 | 1,431,274 | |
Interface, Inc. | 9,834 | 60,282 | |
KAR Auction Services, Inc. | 23,816 | 346,761 | |
Kimball International, Inc. Class B | 6,528 | 67,238 | |
Knoll, Inc. | 8,183 | 93,777 | |
Matthews International Corp. Class A | 4,987 | 108,866 | |
McGrath RentCorp. | 4,291 | 244,930 | |
MSA Safety, Inc. | 6,648 | 877,004 | |
Pitney Bowes, Inc. | 33,560 | 178,204 | |
Quad/Graphics, Inc. (b) | 4,137 | 9,391 | |
R.R. Donnelley & Sons Co. | 13,839 | 16,192 | |
Republic Services, Inc. | 38,931 | 3,432,546 | |
Rollins, Inc. | 27,235 | 1,575,545 | |
SP Plus Corp. (a) | 4,021 | 74,107 | |
Steelcase, Inc. Class A | 15,609 | 162,958 | |
Stericycle, Inc. (a) | 17,195 | 1,071,249 | |
Team, Inc. (a)(b) | 4,068 | 21,804 | |
Tetra Tech, Inc. | 9,997 | 1,008,797 | |
The Brink's Co. | 9,446 | 404,572 | |
U.S. Ecology, Inc. | 6,104 | 186,294 | |
UniFirst Corp. | 2,869 | 469,971 | |
Viad Corp. (b) | 3,488 | 69,760 | |
Waste Management, Inc. | 72,390 | 7,811,605 | |
32,675,506 | |||
Construction & Engineering - 0.2% | |||
AECOM (a) | 30,100 | 1,349,684 | |
Aegion Corp. (a) | 6,107 | 86,170 | |
Ameresco, Inc. Class A (a)(b) | 3,963 | 152,140 | |
Arcosa, Inc. | 8,761 | 404,495 | |
Argan, Inc. | 2,795 | 115,126 | |
Comfort Systems U.S.A., Inc. | 6,982 | 319,776 | |
Construction Partners, Inc. Class A (a)(b) | 5,652 | 115,188 | |
Dycom Industries, Inc. (a)(b) | 5,703 | 370,353 | |
EMCOR Group, Inc. | 10,046 | 685,037 | |
Fluor Corp. (b) | 24,486 | 277,916 | |
Granite Construction, Inc. (b) | 7,801 | 150,637 | |
Great Lakes Dredge & Dock Corp. (a) | 10,618 | 109,684 | |
Jacobs Engineering Group, Inc. | 24,090 | 2,288,550 | |
MasTec, Inc. (a)(b) | 10,279 | 510,250 | |
MYR Group, Inc. (a) | 2,939 | 125,642 | |
Northwest Pipe Co. (a) | 1,756 | 47,061 | |
NV5 Holdings, Inc. (a)(b) | 2,445 | 137,116 | |
Primoris Services Corp. | 8,003 | 151,017 | |
Quanta Services, Inc. | 25,410 | 1,586,346 | |
Sterling Construction Co., Inc. (a) | 5,972 | 87,788 | |
Tutor Perini Corp. (a) | 7,210 | 97,407 | |
Valmont Industries, Inc. | 4,019 | 570,497 | |
Willscot Mobile Mini Holdings (a) | 32,169 | 597,700 | |
10,335,580 | |||
Electrical Equipment - 0.6% | |||
Acuity Brands, Inc. | 7,432 | 662,488 | |
Allied Motion Technologies, Inc. | 1,076 | 40,651 | |
American Superconductor Corp. (a) | 3,593 | 49,979 | |
AMETEK, Inc. | 42,533 | 4,176,741 | |
Atkore International Group, Inc. (a) | 8,731 | 180,644 | |
AZZ, Inc. | 4,423 | 148,569 | |
Bloom Energy Corp. Class A (a)(b) | 14,880 | 188,083 | |
Eaton Corp. PLC | 74,446 | 7,726,750 | |
Emerson Electric Co. | 111,260 | 7,208,535 | |
Encore Wire Corp. | 3,612 | 166,911 | |
EnerSys | 7,871 | 563,564 | |
Generac Holdings, Inc. (a) | 11,657 | 2,449,719 | |
GrafTech International Ltd. | 17,526 | 118,301 | |
Hubbell, Inc. Class B | 10,097 | 1,469,214 | |
nVent Electric PLC | 32,023 | 578,015 | |
Plug Power, Inc. (a)(b) | 73,980 | 1,035,720 | |
Powell Industries, Inc. | 1,561 | 36,886 | |
Regal Beloit Corp. | 7,646 | 754,278 | |
Rockwell Automation, Inc. | 21,485 | 5,094,523 | |
Sensata Technologies, Inc. PLC (a) | 28,818 | 1,259,635 | |
Sunrun, Inc. (a) | 28,600 | 1,487,772 | |
Thermon Group Holdings, Inc. (a) | 6,291 | 63,476 | |
TPI Composites, Inc. (a)(b) | 5,469 | 181,133 | |
Vicor Corp. (a) | 3,816 | 297,648 | |
35,939,235 | |||
Industrial Conglomerates - 1.0% | |||
3M Co. | 106,981 | 17,112,681 | |
Carlisle Companies, Inc. | 10,098 | 1,250,839 | |
General Electric Co. | 1,627,376 | 12,075,130 | |
Honeywell International, Inc. | 130,400 | 21,509,480 | |
Raven Industries, Inc. | 7,637 | 167,403 | |
Roper Technologies, Inc. | 19,476 | 7,232,218 | |
59,347,751 | |||
Machinery - 1.9% | |||
AGCO Corp. | 11,614 | 894,626 | |
Alamo Group, Inc. | 1,845 | 222,009 | |
Albany International Corp. Class A | 5,458 | 278,031 | |
Allison Transmission Holdings, Inc. | 20,787 | 751,450 | |
Altra Industrial Motion Corp. | 11,076 | 473,610 | |
Astec Industries, Inc. | 4,440 | 225,552 | |
Barnes Group, Inc. | 8,350 | 306,445 | |
Blue Bird Corp. (a) | 3,234 | 37,320 | |
Caterpillar, Inc. | 100,597 | 15,798,759 | |
Chart Industries, Inc. (a) | 6,635 | 560,326 | |
CIRCOR International, Inc. (a) | 3,438 | 95,920 | |
Colfax Corp. (a)(b) | 18,311 | 497,876 | |
Columbus McKinnon Corp. (NY Shares) | 3,986 | 135,086 | |
Commercial Vehicle Group, Inc. (a) | 7,121 | 41,658 | |
Crane Co. | 8,862 | 449,747 | |
Cummins, Inc. | 27,436 | 6,032,902 | |
Deere & Co. | 58,174 | 13,142,088 | |
Donaldson Co., Inc. | 23,705 | 1,125,988 | |
Douglas Dynamics, Inc. | 5,027 | 171,471 | |
Dover Corp. | 26,619 | 2,946,989 | |
Energy Recovery, Inc. (a)(b) | 7,056 | 68,373 | |
Enerpac Tool Group Corp. Class A | 11,446 | 204,082 | |
EnPro Industries, Inc. | 3,553 | 209,698 | |
ESCO Technologies, Inc. | 4,842 | 405,227 | |
Evoqua Water Technologies Corp. (a) | 17,138 | 392,974 | |
Federal Signal Corp. | 12,727 | 365,010 | |
Flowserve Corp. | 23,487 | 683,941 | |
Fortive Corp. | 62,457 | 3,847,351 | |
Franklin Electric Co., Inc. | 6,833 | 408,135 | |
Gates Industrial Corp. PLC (a) | 7,395 | 82,085 | |
Gorman-Rupp Co. | 2,693 | 83,618 | |
Graco, Inc. | 31,008 | 1,919,395 | |
Greenbrier Companies, Inc. | 5,671 | 153,004 | |
Helios Technologies, Inc. | 5,489 | 229,660 | |
Hillenbrand, Inc. | 14,097 | 412,337 | |
Hyster-Yale Materials Handling Class A | 1,954 | 82,850 | |
IDEX Corp. | 14,000 | 2,385,460 | |
Illinois Tool Works, Inc. | 53,330 | 10,446,280 | |
Ingersoll Rand, Inc. (a) | 69,230 | 2,418,896 | |
ITT, Inc. | 16,015 | 969,068 | |
John Bean Technologies Corp. | 5,914 | 496,599 | |
Kadant, Inc. (b) | 2,139 | 246,242 | |
Kennametal, Inc. | 16,238 | 503,378 | |
Lincoln Electric Holdings, Inc. | 10,996 | 1,119,613 | |
Lindsay Corp. | 1,833 | 193,015 | |
LiqTech International, Inc. (a)(b) | 3,899 | 29,126 | |
Lydall, Inc. (a) | 2,850 | 56,402 | |
Manitowoc Co., Inc. (a) | 6,864 | 51,686 | |
Meritor, Inc. (a) | 13,744 | 334,529 | |
Middleby Corp. (a)(b) | 10,341 | 1,029,343 | |
Miller Industries, Inc. | 2,028 | 60,718 | |
Mueller Industries, Inc. | 9,732 | 281,547 | |
Mueller Water Products, Inc. Class A | 27,409 | 283,957 | |
Navistar International Corp. (a) | 9,064 | 390,749 | |
NN, Inc. (a)(b) | 7,286 | 39,053 | |
Nordson Corp. | 10,107 | 1,954,997 | |
Omega Flex, Inc. | 515 | 77,096 | |
Oshkosh Corp. | 12,416 | 836,342 | |
Otis Worldwide Corp. | 75,701 | 4,638,957 | |
PACCAR, Inc. | 64,346 | 5,493,861 | |
Parker Hannifin Corp. | 23,823 | 4,963,760 | |
Pentair PLC | 30,826 | 1,533,902 | |
Proto Labs, Inc. (a) | 5,000 | 590,400 | |
RBC Bearings, Inc. (a) | 4,581 | 545,368 | |
REV Group, Inc. | 5,052 | 39,658 | |
Rexnord Corp. | 23,217 | 744,801 | |
Snap-On, Inc. | 10,259 | 1,616,100 | |
SPX Corp. (a) | 8,557 | 362,731 | |
SPX Flow, Inc. (a) | 7,430 | 314,661 | |
Standex International Corp. | 2,318 | 143,925 | |
Stanley Black & Decker, Inc. | 29,571 | 4,914,700 | |
Tennant Co. | 3,585 | 213,738 | |
Terex Corp. | 13,172 | 325,217 | |
The Shyft Group, Inc. | 6,244 | 120,572 | |
Timken Co. | 12,762 | 761,891 | |
Toro Co. | 19,901 | 1,633,872 | |
TriMas Corp. (a) | 7,876 | 191,623 | |
Trinity Industries, Inc. (b) | 16,714 | 314,892 | |
Wabash National Corp. | 9,672 | 137,923 | |
Watts Water Technologies, Inc. Class A | 5,478 | 606,798 | |
Welbilt, Inc. (a) | 24,614 | 149,653 | |
Westinghouse Air Brake Co. | 33,287 | 1,973,919 | |
Woodward, Inc. | 11,104 | 883,323 | |
Xylem, Inc. | 33,500 | 2,919,190 | |
114,075,124 | |||
Marine - 0.0% | |||
Eagle Bulk Shipping, Inc. (a)(b) | 2,246 | 30,905 | |
Genco Shipping & Trading Ltd. | 6,418 | 41,460 | |
Kirby Corp. (a) | 10,727 | 412,882 | |
Matson, Inc. | 7,740 | 402,093 | |
887,340 | |||
Professional Services - 0.5% | |||
ASGN, Inc. (a) | 9,741 | 649,530 | |
Barrett Business Services, Inc. | 1,658 | 98,237 | |
CBIZ, Inc. (a) | 11,870 | 269,093 | |
CoreLogic, Inc. | 14,781 | 1,137,102 | |
CoStar Group, Inc. (a) | 7,321 | 6,029,649 | |
CRA International, Inc. | 1,293 | 52,948 | |
Equifax, Inc. | 22,530 | 3,077,598 | |
Exponent, Inc. | 9,345 | 650,319 | |
Forrester Research, Inc. (a) | 1,607 | 59,363 | |
Franklin Covey Co. (a) | 1,887 | 31,928 | |
FTI Consulting, Inc. (a) | 6,817 | 671,202 | |
Heidrick & Struggles International, Inc. | 3,453 | 78,901 | |
Huron Consulting Group, Inc. (a) | 4,206 | 159,239 | |
ICF International, Inc. | 3,474 | 227,165 | |
IHS Markit Ltd. | 69,077 | 5,586,257 | |
Insperity, Inc. | 6,883 | 527,100 | |
Kelly Services, Inc. Class A (non-vtg.) (b) | 6,379 | 110,867 | |
Kforce, Inc. | 3,171 | 110,034 | |
Korn Ferry | 10,557 | 318,716 | |
Manpower, Inc. | 10,921 | 741,208 | |
MISTRAS Group, Inc. (a) | 3,210 | 11,941 | |
Nielsen Holdings PLC | 64,734 | 874,556 | |
Resources Connection, Inc. | 5,384 | 57,824 | |
Robert Half International, Inc. | 21,579 | 1,093,840 | |
TransUnion Holding Co., Inc. | 35,137 | 2,799,013 | |
TriNet Group, Inc. (a) | 7,356 | 506,976 | |
TrueBlue, Inc. (a) | 6,487 | 100,678 | |
Upwork, Inc. (a) | 16,050 | 296,123 | |
Verisk Analytics, Inc. | 30,264 | 5,386,084 | |
Willdan Group, Inc. (a) | 2,028 | 53,073 | |
31,766,564 | |||
Road & Rail - 0.9% | |||
AMERCO | 1,629 | 565,524 | |
ArcBest Corp. | 5,640 | 172,133 | |
Avis Budget Group, Inc. (a)(b) | 9,619 | 323,872 | |
Covenant Transport Group, Inc. Class A (a) | 1,961 | 27,003 | |
CSX Corp. | 142,250 | 11,229,215 | |
Heartland Express, Inc. | 10,227 | 187,256 | |
J.B. Hunt Transport Services, Inc. | 15,396 | 1,874,309 | |
Kansas City Southern | 17,481 | 3,079,103 | |
Knight-Swift Transportation Holdings, Inc. Class A | 23,524 | 893,677 | |
Landstar System, Inc. | 7,065 | 881,006 | |
Lyft, Inc. (a) | 45,231 | 1,032,624 | |
Marten Transport Ltd. | 9,900 | 151,916 | |
Norfolk Southern Corp. | 47,433 | 9,919,189 | |
Old Dominion Freight Lines, Inc. | 17,862 | 3,400,389 | |
Ryder System, Inc. | 9,873 | 486,344 | |
Saia, Inc. (a)(b) | 4,757 | 702,419 | |
Schneider National, Inc. Class B | 7,759 | 171,164 | |
Union Pacific Corp. | 126,119 | 22,347,026 | |
Universal Logistics Holdings, Inc. | 849 | 16,751 | |
Werner Enterprises, Inc. (b) | 10,499 | 399,172 | |
YRC Worldwide, Inc. (a) | 7,782 | 30,505 | |
57,890,597 | |||
Trading Companies & Distributors - 0.3% | |||
Air Lease Corp. Class A | 19,262 | 524,697 | |
Applied Industrial Technologies, Inc. | 7,413 | 452,564 | |
Beacon Roofing Supply, Inc. (a) | 9,977 | 306,294 | |
BlueLinx Corp. (a)(b) | 1,245 | 27,365 | |
BMC Stock Holdings, Inc. (a) | 12,564 | 497,409 | |
CAI International, Inc. | 2,882 | 75,941 | |
DXP Enterprises, Inc.(a) | 2,277 | 35,612 | |
Fastenal Co. | 106,517 | 4,604,730 | |
Foundation Building Materials, Inc. (a) | 3,105 | 45,209 | |
GATX Corp. (b) | 6,589 | 449,897 | |
GMS, Inc. (a) | 8,528 | 192,733 | |
H&E Equipment Services, Inc. | 5,441 | 114,479 | |
HD Supply Holdings, Inc. (a) | 29,943 | 1,193,528 | |
Herc Holdings, Inc. (a)(b) | 4,415 | 195,849 | |
MRC Global, Inc. (a) | 14,723 | 62,720 | |
MSC Industrial Direct Co., Inc. Class A | 8,144 | 567,311 | |
Now, Inc. (a) | 17,411 | 70,863 | |
Rush Enterprises, Inc. Class A | 7,305 | 261,811 | |
SiteOne Landscape Supply, Inc. (a) | 8,292 | 990,811 | |
Textainer Group Holdings Ltd. (a) | 8,782 | 126,988 | |
Titan Machinery, Inc. (a) | 2,256 | 33,817 | |
Triton International Ltd. | 13,735 | 506,547 | |
United Rentals, Inc. (a) | 13,328 | 2,376,249 | |
Univar, Inc. (a) | 30,967 | 513,743 | |
Veritiv Corp. (a)(b) | 1,527 | 21,989 | |
W.W. Grainger, Inc. | 8,417 | 2,946,118 | |
Watsco, Inc. | 6,103 | 1,367,926 | |
WESCO International, Inc. (a) | 8,077 | 333,095 | |
18,896,295 | |||
Transportation Infrastructure - 0.0% | |||
Macquarie Infrastructure Co. LLC | 13,259 | 342,082 | |
TOTAL INDUSTRIALS | 537,333,671 | ||
INFORMATION TECHNOLOGY - 26.6% | |||
Communications Equipment - 0.7% | |||
Acacia Communications, Inc. (a) | 6,973 | 472,351 | |
ADTRAN, Inc. | 8,928 | 95,440 | |
Applied Optoelectronics, Inc. (a)(b) | 4,366 | 38,333 | |
Arista Networks, Inc. (a)(b) | 10,105 | 2,110,935 | |
CalAmp Corp. (a) | 4,760 | 33,701 | |
Calix Networks, Inc. (a) | 10,148 | 237,565 | |
Casa Systems, Inc. (a) | 6,632 | 27,655 | |
Ciena Corp. (a) | 28,534 | 1,123,954 | |
Cisco Systems, Inc. | 786,156 | 28,223,000 | |
CommScope Holding Co., Inc. (a) | 34,842 | 310,094 | |
Comtech Telecommunications Corp. | 4,079 | 58,738 | |
Digi International, Inc. (a) | 4,996 | 73,591 | |
EchoStar Holding Corp. Class A (a) | 9,438 | 218,584 | |
Extreme Networks, Inc. (a) | 20,163 | 81,862 | |
F5 Networks, Inc. (a) | 11,350 | 1,508,869 | |
Harmonic, Inc. (a) | 21,010 | 124,799 | |
Infinera Corp. (a)(b) | 35,328 | 221,153 | |
Inseego Corp. (a)(b) | 13,454 | 117,050 | |
InterDigital, Inc. | 5,967 | 334,033 | |
Juniper Networks, Inc. | 62,006 | 1,222,758 | |
Lumentum Holdings, Inc. (a) | 14,129 | 1,168,327 | |
Motorola Solutions, Inc. | 31,552 | 4,987,109 | |
NETGEAR, Inc. (a) | 5,585 | 172,130 | |
NetScout Systems, Inc. (a) | 13,872 | 284,653 | |
Plantronics, Inc. | 7,278 | 142,067 | |
Sonus Networks, Inc. (a) | 22,526 | 97,087 | |
Ubiquiti, Inc. (b) | 1,465 | 271,919 | |
ViaSat, Inc. (a) | 11,988 | 406,393 | |
Viavi Solutions, Inc. (a) | 40,877 | 504,831 | |
44,668,981 | |||
Electronic Equipment & Components - 0.8% | |||
Akoustis Technologies, Inc. (a)(b) | 4,753 | 39,402 | |
Amphenol Corp. Class A | 55,512 | 6,263,974 | |
Arlo Technologies, Inc. (a) | 12,734 | 56,794 | |
Arrow Electronics, Inc. (a) | 14,385 | 1,120,448 | |
Avnet, Inc. | 18,832 | 464,585 | |
Badger Meter, Inc. | 5,558 | 407,624 | |
Belden, Inc. | 8,472 | 261,615 | |
Benchmark Electronics, Inc. | 7,057 | 146,997 | |
CDW Corp. | 26,447 | 3,242,402 | |
Cognex Corp. | 32,152 | 2,118,817 | |
Coherent, Inc. (a) | 4,468 | 559,126 | |
Corning, Inc. | 140,937 | 4,505,756 | |
CTS Corp. | 5,494 | 151,854 | |
Dolby Laboratories, Inc. Class A | 12,024 | 902,762 | |
ePlus, Inc. (a) | 2,359 | 159,256 | |
Fabrinet (a) | 7,212 | 432,864 | |
FARO Technologies, Inc. (a)(b) | 3,478 | 209,515 | |
Fitbit, Inc. (a) | 43,921 | 309,204 | |
FLIR Systems, Inc. | 24,436 | 847,685 | |
II-VI, Inc. (a)(b) | 19,424 | 883,209 | |
Insight Enterprises, Inc. (a) | 6,521 | 347,895 | |
IPG Photonics Corp. (a) | 6,556 | 1,219,154 | |
Itron, Inc. (a)(b) | 7,410 | 503,510 | |
Jabil, Inc. | 25,235 | 836,288 | |
Keysight Technologies, Inc. (a) | 34,663 | 3,635,109 | |
Knowles Corp. (a) | 17,881 | 254,804 | |
Littelfuse, Inc. | 4,476 | 885,979 | |
Luna Innovations, Inc. (a)(b) | 3,990 | 25,177 | |
Methode Electronics, Inc. Class A | 7,706 | 237,114 | |
MTS Systems Corp. | 3,398 | 82,503 | |
Napco Security Technolgies, Inc. (a)(b) | 1,970 | 47,516 | |
National Instruments Corp. | 24,580 | 768,862 | |
nLIGHT, Inc. (a) | 6,863 | 145,770 | |
Novanta, Inc. (a) | 6,578 | 715,160 | |
OSI Systems, Inc. (a) | 3,338 | 257,560 | |
Par Technology Corp. (a) | 3,132 | 115,790 | |
PC Connection, Inc. | 1,895 | 86,317 | |
Plexus Corp. (a)(b) | 5,460 | 379,688 | |
Rogers Corp. (a)(b) | 3,416 | 414,088 | |
Sanmina Corp. (a) | 12,677 | 309,826 | |
ScanSource, Inc. (a) | 4,492 | 90,289 | |
SYNNEX Corp. | 7,665 | 1,009,021 | |
TE Connectivity Ltd. | 61,446 | 5,952,888 | |
Trimble, Inc. (a) | 46,823 | 2,253,591 | |
TTM Technologies, Inc. (a) | 16,658 | 197,730 | |
Vishay Intertechnology, Inc. | 25,461 | 412,977 | |
Vishay Precision Group, Inc. (a) | 1,588 | 37,937 | |
Vontier Corp. (a) | 24,676 | 709,188 | |
Zebra Technologies Corp. Class A (a) | 9,940 | 2,819,382 | |
47,835,002 | |||
IT Services - 5.2% | |||
Accenture PLC Class A | 118,151 | 25,628,133 | |
Akamai Technologies, Inc. (a) | 30,344 | 2,886,321 | |
Alliance Data Systems Corp. | 8,684 | 447,573 | |
Amdocs Ltd. | 24,893 | 1,403,467 | |
Automatic Data Processing, Inc. | 79,875 | 12,617,055 | |
Black Knight, Inc. (a) | 29,094 | 2,558,817 | |
Booz Allen Hamilton Holding Corp. Class A | 25,454 | 1,998,139 | |
Brightcove, Inc. (a) | 6,503 | 82,263 | |
Broadridge Financial Solutions, Inc. | 21,478 | 2,955,373 | |
CACI International, Inc. Class A (a) | 4,686 | 977,172 | |
Cardtronics PLC (a) | 6,004 | 106,931 | |
Cass Information Systems, Inc. | 1,980 | 77,656 | |
Cognizant Technology Solutions Corp. Class A | 100,780 | 7,197,708 | |
Conduent, Inc. (a) | 28,691 | 99,988 | |
CSG Systems International, Inc. | 5,924 | 224,401 | |
DXC Technology Co. | 47,387 | 872,869 | |
Endurance International Group Holdings, Inc. (a) | 13,414 | 77,935 | |
EPAM Systems, Inc. (a) | 10,370 | 3,203,812 | |
Euronet Worldwide, Inc. (a) | 9,836 | 873,830 | |
EVERTEC, Inc. | 11,481 | 382,088 | |
EVO Payments, Inc. Class A (a) | 7,198 | 151,662 | |
ExlService Holdings, Inc. (a) | 6,305 | 477,541 | |
Fastly, Inc. Class A (a) | 13,627 | 865,451 | |
Fidelity National Information Services, Inc. | 115,119 | 14,342,676 | |
Fiserv, Inc. (a) | 103,379 | 9,869,593 | |
FleetCor Technologies, Inc. (a) | 15,674 | 3,462,543 | |
Gartner, Inc. (a) | 16,597 | 1,993,300 | |
Genpact Ltd. | 33,428 | 1,148,920 | |
Global Payments, Inc. | 55,681 | 8,783,121 | |
GoDaddy, Inc. (a) | 31,111 | 2,200,792 | |
GreenSky, Inc. Class A (a)(b) | 7,894 | 37,339 | |
GTT Communications, Inc. (a)(b) | 5,841 | 21,553 | |
Hackett Group, Inc. | 4,807 | 62,106 | |
i3 Verticals, Inc. Class A (a) | 2,508 | 51,740 | |
IBM Corp. | 165,444 | 18,473,477 | |
International Money Express, Inc. (a) | 4,671 | 64,974 | |
Jack Henry & Associates, Inc. | 14,239 | 2,110,932 | |
KBR, Inc. (b) | 25,843 | 576,040 | |
Leidos Holdings, Inc. | 24,946 | 2,070,518 | |
Limelight Networks, Inc. (a)(b) | 21,206 | 74,857 | |
Liveramp Holdings, Inc. (a) | 12,135 | 802,002 | |
ManTech International Corp. Class A | 5,177 | 335,884 | |
MasterCard, Inc. Class A | 164,055 | 47,352,835 | |
Maximus, Inc. | 11,355 | 767,371 | |
MongoDB, Inc. Class A (a)(b) | 9,418 | 2,151,730 | |
NIC, Inc. | 11,681 | 261,888 | |
Okta, Inc. (a) | 21,529 | 4,517,430 | |
Paychex, Inc. | 59,316 | 4,878,741 | |
PayPal Holdings, Inc. (a) | 217,961 | 40,569,081 | |
Paysign, Inc. (a)(b) | 4,632 | 22,048 | |
Perficient, Inc. (a) | 6,307 | 246,982 | |
Perspecta, Inc. | 25,056 | 449,254 | |
Repay Holdings Corp. (a) | 12,534 | 282,391 | |
Sabre Corp. | 59,466 | 387,718 | |
Science Applications International Corp. | 10,907 | 832,968 | |
Square, Inc. (a) | 69,002 | 10,687,030 | |
Switch, Inc. Class A | 15,213 | 213,895 | |
Sykes Enterprises, Inc. (a) | 8,043 | 275,392 | |
The Western Union Co. | 76,280 | 1,482,883 | |
Ttec Holdings, Inc. | 3,778 | 206,959 | |
Twilio, Inc. Class A (a) | 25,541 | 7,125,173 | |
Unisys Corp. (a)(b) | 12,318 | 161,859 | |
VeriSign, Inc. (a) | 18,731 | 3,572,002 | |
Verra Mobility Corp. (a) | 25,865 | 248,563 | |
Virtusa Corp. (a) | 5,658 | 284,597 | |
Visa, Inc. Class A | 312,988 | 56,873,049 | |
WEX, Inc. (a) | 8,089 | 1,023,663 | |
317,524,054 | |||
Semiconductors & Semiconductor Equipment - 4.7% | |||
ACM Research, Inc. (a) | 1,824 | 128,355 | |
Advanced Energy Industries, Inc. (a) | 7,208 | 486,324 | |
Advanced Micro Devices, Inc. (a) | 218,112 | 16,421,652 | |
Alpha & Omega Semiconductor Ltd. (a) | 3,379 | 53,591 | |
Ambarella, Inc. (a) | 6,145 | 335,947 | |
Amkor Technology, Inc. | 20,521 | 243,174 | |
Analog Devices, Inc. | 68,600 | 8,131,158 | |
Applied Materials, Inc. | 169,738 | 10,053,582 | |
Axcelis Technologies, Inc. (a) | 6,405 | 141,358 | |
Broadcom, Inc. | 74,641 | 26,096,733 | |
Brooks Automation, Inc. | 13,996 | 653,613 | |
Ceva, Inc. (a) | 4,122 | 166,199 | |
Cirrus Logic, Inc. (a) | 10,929 | 752,680 | |
CMC Materials, Inc. | 5,446 | 774,367 | |
Cohu, Inc. | 7,375 | 160,259 | |
Cree, Inc. (a) | 20,255 | 1,288,218 | |
Diodes, Inc. (a) | 7,669 | 443,498 | |
DSP Group, Inc. (a) | 4,142 | 54,550 | |
Enphase Energy, Inc. (a) | 23,445 | 2,299,720 | |
Entegris, Inc. | 25,009 | 1,869,923 | |
First Solar, Inc. (a) | 15,748 | 1,370,785 | |
FormFactor, Inc. (a) | 14,621 | 414,505 | |
Ichor Holdings Ltd. (a) | 4,295 | 99,902 | |
Impinj, Inc. (a)(b) | 4,102 | 104,642 | |
Inphi Corp. (a) | 9,623 | 1,344,910 | |
Intel Corp. | 789,958 | 34,979,340 | |
KLA-Tencor Corp. | 28,923 | 5,703,037 | |
Kulicke & Soffa Industries, Inc. | 11,726 | 306,518 | |
Lam Research Corp. | 27,064 | 9,258,053 | |
Lattice Semiconductor Corp. (a) | 25,329 | 883,982 | |
MACOM Technology Solutions Holdings, Inc. (a) | 8,611 | 314,302 | |
Marvell Technology Group Ltd. | 123,761 | 4,642,275 | |
Maxeon Solar Technologies Ltd. (a)(b) | 1,860 | 30,132 | |
Maxim Integrated Products, Inc. | 49,415 | 3,441,755 | |
MaxLinear, Inc. Class A (a) | 12,513 | 330,844 | |
Microchip Technology, Inc. | 46,941 | 4,932,560 | |
Micron Technology, Inc. (a) | 206,461 | 10,393,247 | |
MKS Instruments, Inc. | 10,469 | 1,134,735 | |
Monolithic Power Systems, Inc. | 7,807 | 2,495,117 | |
NeoPhotonics Corp. (a) | 7,202 | 49,046 | |
NVE Corp. | 999 | 46,084 | |
NVIDIA Corp. | 114,607 | 57,459,366 | |
ON Semiconductor Corp. (a) | 76,054 | 1,908,195 | |
Onto Innovation, Inc. (a) | 8,937 | 286,610 | |
PDF Solutions, Inc. (a) | 5,500 | 103,070 | |
Photronics, Inc. (a) | 11,623 | 113,324 | |
Power Integrations, Inc. | 10,832 | 652,195 | |
Qorvo, Inc. (a) | 21,200 | 2,700,032 | |
Qualcomm, Inc. | 209,556 | 25,850,828 | |
Rambus, Inc. (a)(b) | 20,658 | 284,874 | |
Semtech Corp. (a)(b) | 12,148 | 666,804 | |
Silicon Laboratories, Inc. (a) | 8,187 | 838,840 | |
SiTime Corp. (b) | 1,716 | 143,269 | |
Skyworks Solutions, Inc. | 31,155 | 4,401,890 | |
SMART Global Holdings, Inc. (a) | 3,259 | 86,005 | |
SolarEdge Technologies, Inc. (a) | 9,293 | 2,394,713 | |
SunPower Corp. (a)(b) | 14,887 | 238,043 | |
Synaptics, Inc. (a) | 6,495 | 497,972 | |
Teradyne, Inc. | 30,699 | 2,696,907 | |
Texas Instruments, Inc. | 169,956 | 24,573,938 | |
Ultra Clean Holdings, Inc. (a) | 7,546 | 160,654 | |
Universal Display Corp. | 7,939 | 1,574,383 | |
Veeco Instruments, Inc. (a) | 10,221 | 130,113 | |
Xilinx, Inc. | 45,430 | 5,392,087 | |
285,984,784 | |||
Software - 9.5% | |||
2U, Inc. (a)(b) | 13,555 | 499,502 | |
8x8, Inc. (a)(b) | 19,742 | 341,142 | |
A10 Networks, Inc. (a) | 10,022 | 67,548 | |
ACI Worldwide, Inc. (a) | 21,832 | 636,839 | |
Adobe, Inc. (a) | 89,105 | 39,838,846 | |
Agilysys, Inc. (a) | 3,545 | 95,999 | |
Alarm.com Holdings, Inc. (a) | 8,180 | 477,139 | |
Altair Engineering, Inc. Class A (a)(b) | 7,762 | 333,999 | |
Alteryx, Inc. Class A (a) | 9,875 | 1,237,831 | |
Anaplan, Inc. (a) | 25,373 | 1,404,396 | |
ANSYS, Inc. (a) | 15,941 | 4,851,962 | |
AppFolio, Inc. (a) | 2,855 | 407,894 | |
Appian Corp. Class A (a)(b) | 6,922 | 438,163 | |
Aspen Technology, Inc. (a) | 12,585 | 1,381,959 | |
Asure Software, Inc. (a)(b) | 2,917 | 20,623 | |
Autodesk, Inc. (a) | 40,770 | 9,602,966 | |
Avalara, Inc. (a) | 15,554 | 2,318,324 | |
Avaya Holdings Corp. (a) | 15,093 | 259,600 | |
Benefitfocus, Inc. (a) | 4,137 | 42,487 | |
Bill.Com Holdings, Inc. (a) | 10,852 | 1,085,200 | |
Blackbaud, Inc. (b) | 8,994 | 443,764 | |
BlackLine, Inc. (a)(b) | 9,461 | 924,150 | |
Bottomline Technologies, Inc. (a) | 7,034 | 279,390 | |
Box, Inc. Class A (a) | 25,554 | 396,087 | |
Cadence Design Systems, Inc. (a) | 51,756 | 5,660,554 | |
CDK Global, Inc. | 22,271 | 959,880 | |
Cerence, Inc. (a)(b) | 6,702 | 365,795 | |
Ceridian HCM Holding, Inc. (a) | 23,997 | 2,069,021 | |
Citrix Systems, Inc. | 22,913 | 2,595,356 | |
Cloudera, Inc. (a)(b) | 36,995 | 359,591 | |
CommVault Systems, Inc. (a) | 8,493 | 336,238 | |
Cornerstone OnDemand, Inc. (a) | 11,075 | 420,739 | |
Coupa Software, Inc. (a) | 12,444 | 3,331,259 | |
Crowdstrike Holdings, Inc. (a) | 28,031 | 3,471,359 | |
Digimarc Corp. (a)(b) | 2,002 | 63,443 | |
Digital Turbine, Inc. (a) | 13,356 | 382,783 | |
DocuSign, Inc. (a) | 34,110 | 6,898,748 | |
Domo, Inc. Class B (a) | 4,740 | 150,590 | |
Dropbox, Inc. Class A (a) | 54,703 | 998,877 | |
Dynatrace, Inc. (a) | 34,256 | 1,209,579 | |
Ebix, Inc. (b) | 3,830 | 69,170 | |
Elastic NV (a) | 11,083 | 1,123,927 | |
Envestnet, Inc. (a) | 10,108 | 775,688 | |
Everbridge, Inc. (a) | 6,436 | 673,785 | |
Fair Isaac Corp. (a) | 5,392 | 2,110,698 | |
FireEye, Inc. (a)(b) | 42,583 | 589,349 | |
Five9, Inc. (a) | 12,057 | 1,829,288 | |
Fortinet, Inc. (a) | 25,061 | 2,765,983 | |
Guidewire Software, Inc. (a) | 15,619 | 1,501,142 | |
HubSpot, Inc. (a) | 7,952 | 2,306,637 | |
Intelligent Systems Corp. (a)(b) | 2,098 | 79,556 | |
Intuit, Inc. | 48,648 | 15,308,553 | |
j2 Global, Inc. (a) | 8,258 | 560,553 | |
LivePerson, Inc. (a) | 11,433 | 611,208 | |
Manhattan Associates, Inc. (a) | 11,861 | 1,014,116 | |
Microsoft Corp. | 1,405,535 | 284,578,671 | |
MicroStrategy, Inc. Class A (a) | 1,413 | 236,070 | |
Mitek Systems, Inc. (a) | 7,898 | 98,330 | |
MobileIron, Inc. (a) | 19,910 | 140,166 | |
Model N, Inc.(a) | 5,575 | 196,407 | |
New Relic, Inc. (a) | 9,715 | 589,312 | |
Nortonlifelock, Inc. | 110,010 | 2,262,906 | |
Nuance Communications, Inc. (a) | 52,761 | 1,683,604 | |
Nutanix, Inc. Class A (a) | 34,316 | 835,251 | |
Onespan, Inc. (a) | 6,063 | 132,962 | |
Oracle Corp. | 358,771 | 20,130,641 | |
Palo Alto Networks, Inc. (a) | 17,960 | 3,972,572 | |
Parametric Technology Corp. (a) | 19,201 | 1,610,580 | |
Pareteum Corp. (a)(b) | 7,391 | 4,604 | |
Paycom Software, Inc. (a) | 9,078 | 3,305,209 | |
Paylocity Holding Corp. (a) | 6,885 | 1,277,305 | |
Pegasystems, Inc. | 7,620 | 883,006 | |
Pluralsight, Inc. (a) | 18,552 | 291,266 | |
Progress Software Corp. | 8,830 | 321,147 | |
Proofpoint, Inc. (a) | 10,726 | 1,026,907 | |
PROS Holdings, Inc. (a)(b) | 7,601 | 214,120 | |
Q2 Holdings, Inc. (a)(b) | 9,212 | 840,503 | |
QAD, Inc. Class A | 2,013 | 84,224 | |
Qualys, Inc. (a)(b) | 6,204 | 545,021 | |
Rapid7, Inc. (a) | 9,302 | 576,073 | |
RealPage, Inc. (a) | 16,569 | 922,728 | |
RingCentral, Inc. (a) | 14,548 | 3,758,330 | |
SailPoint Technologies Holding, Inc. (a)(b) | 16,891 | 701,145 | |
Salesforce.com, Inc. (a) | 169,045 | 39,264,082 | |
SecureWorks Corp. (a) | 830 | 8,632 | |
ServiceNow, Inc. (a) | 35,629 | 17,727,922 | |
ShotSpotter, Inc. (a)(b) | 1,573 | 46,105 | |
Smartsheet, Inc.(a) | 20,770 | 1,035,385 | |
Smith Micro Software, Inc. (a)(b) | 4,384 | 18,062 | |
SolarWinds, Inc. (a)(b) | 13,176 | 269,186 | |
Splunk, Inc. (a) | 29,446 | 5,831,486 | |
Sprout Social, Inc. (a) | 5,053 | 220,816 | |
SPS Commerce, Inc. (a) | 6,777 | 580,043 | |
SS&C Technologies Holdings, Inc. | 41,661 | 2,467,164 | |
SurveyMonkey (a) | 21,658 | 453,302 | |
Synchronoss Technologies, Inc. (a)(b) | 6,287 | 17,415 | |
Synopsys, Inc. (a) | 28,153 | 6,020,801 | |
TeleNav, Inc. (a) | 6,845 | 27,859 | |
Tenable Holdings, Inc. (a) | 12,183 | 415,562 | |
Teradata Corp. (a)(b) | 20,777 | 381,673 | |
The Trade Desk, Inc. (a) | 7,738 | 4,383,190 | |
Tyler Technologies, Inc. (a) | 7,497 | 2,881,697 | |
Upland Software, Inc. (a) | 4,732 | 197,419 | |
Varonis Systems, Inc. (a) | 5,745 | 663,950 | |
Verint Systems, Inc. (a) | 12,283 | 595,971 | |
VirnetX Holding Corp. (b) | 11,331 | 62,774 | |
VMware, Inc. Class A (a)(b) | 14,913 | 1,919,750 | |
Workday, Inc. Class A (a) | 32,355 | 6,798,433 | |
Workiva, Inc. (a) | 7,267 | 401,938 | |
Xperi Holding Corp. | 21,946 | 272,130 | |
Yext, Inc. (a)(b) | 17,259 | 286,154 | |
Zendesk, Inc. (a) | 21,345 | 2,368,014 | |
Zix Corp. (a)(b) | 10,195 | 62,495 | |
Zoom Video Communications, Inc. Class A (a) | 33,835 | 15,594,890 | |
Zscaler, Inc. (a) | 13,349 | 1,812,127 | |
Zuora, Inc. (a)(b) | 18,513 | 178,095 | |
572,462,857 | |||
Technology Hardware, Storage & Peripherals - 5.7% | |||
3D Systems Corp. (a)(b) | 21,238 | 120,844 | |
Apple, Inc. | 2,986,264 | 325,084,647 | |
Avid Technology, Inc. (a) | 8,444 | 78,698 | |
Dell Technologies, Inc. (a) | 43,430 | 2,617,092 | |
Diebold Nixdorf, Inc. (a)(b) | 14,466 | 90,123 | |
Hewlett Packard Enterprise Co. | 238,961 | 2,064,623 | |
HP, Inc. | 254,394 | 4,568,916 | |
Immersion Corp. (a) | 3,990 | 24,578 | |
NCR Corp. (a) | 23,750 | 482,600 | |
NetApp, Inc. | 41,237 | 1,809,892 | |
Pure Storage, Inc. Class A (a) | 43,897 | 706,742 | |
Seagate Technology LLC | 41,199 | 1,970,136 | |
Western Digital Corp. | 55,972 | 2,111,824 | |
Xerox Holdings Corp. | 32,596 | 566,518 | |
342,297,233 | |||
TOTAL INFORMATION TECHNOLOGY | 1,610,772,911 | ||
MATERIALS - 2.8% | |||
Chemicals - 1.8% | |||
Advanced Emissions Solutions, Inc. (b) | 3,013 | 13,408 | |
AdvanSix, Inc. (a) | 5,563 | 84,669 | |
Air Products & Chemicals, Inc. | 41,054 | 11,340,757 | |
Albemarle Corp. U.S. | 19,794 | 1,844,999 | |
American Vanguard Corp. | 3,897 | 50,349 | |
Amyris, Inc. (a)(b) | 22,673 | 56,683 | |
Ashland Global Holdings, Inc. | 9,871 | 688,700 | |
Axalta Coating Systems Ltd. (a) | 38,348 | 962,918 | |
Balchem Corp. | 5,956 | 595,302 | |
Cabot Corp. | 10,532 | 400,321 | |
Celanese Corp. Class A | 22,080 | 2,506,301 | |
CF Industries Holdings, Inc. | 39,206 | 1,082,478 | |
Chase Corp. | 1,367 | 130,084 | |
Corteva, Inc. | 138,746 | 4,575,843 | |
Dow, Inc. | 138,133 | 6,283,670 | |
DuPont de Nemours, Inc. | 136,860 | 7,784,597 | |
Eastman Chemical Co. | 25,270 | 2,042,827 | |
Ecolab, Inc. | 46,146 | 8,471,944 | |
Element Solutions, Inc. (a) | 41,891 | 490,963 | |
Ferro Corp. (a)(b) | 13,958 | 179,500 | |
FMC Corp. | 23,952 | 2,460,828 | |
GCP Applied Technologies, Inc. (a) | 9,238 | 201,481 | |
H.B. Fuller Co. | 9,395 | 425,124 | |
Huntsman Corp. | 36,749 | 892,633 | |
Ingevity Corp. (a) | 7,432 | 407,868 | |
Innospec, Inc. | 4,306 | 284,799 | |
International Flavors & Fragrances, Inc. (b) | 19,916 | 2,044,577 | |
Intrepid Potash, Inc. (a) | 1,138 | 11,357 | |
Koppers Holdings, Inc. (a) | 3,554 | 79,716 | |
Kraton Performance Polymers, Inc. (a)(b) | 5,681 | 160,772 | |
Kronos Worldwide, Inc. | 3,880 | 51,682 | |
Linde PLC | 97,615 | 21,508,489 | |
Livent Corp. (a)(b) | 28,455 | 305,891 | |
LyondellBasell Industries NV Class A | 47,555 | 3,255,140 | |
Minerals Technologies, Inc. | 6,191 | 338,586 | |
NewMarket Corp. | 1,311 | 468,932 | |
Olin Corp. | 26,113 | 432,170 | |
PolyOne Corp. | 16,963 | 527,040 | |
PPG Industries, Inc. | 44,011 | 5,709,107 | |
PQ Group Holdings, Inc. (a) | 7,114 | 82,238 | |
Quaker Chemical Corp. (b) | 2,368 | 451,791 | |
Rayonier Advanced Materials, Inc. (a) | 12,106 | 41,524 | |
RPM International, Inc. | 24,246 | 2,052,909 | |
Sensient Technologies Corp. | 8,308 | 543,592 | |
Sherwin-Williams Co. | 15,223 | 10,473,120 | |
Stepan Co. | 3,959 | 460,986 | |
The Chemours Co. LLC | 30,411 | 612,478 | |
The Mosaic Co. | 64,283 | 1,189,236 | |
The Scotts Miracle-Gro Co. Class A | 7,552 | 1,133,178 | |
Tredegar Corp. | 4,991 | 72,769 | |
Trinseo SA | 6,845 | 217,808 | |
Tronox Holdings PLC | 17,192 | 167,966 | |
Valvoline, Inc. | 33,996 | 668,701 | |
Venator Materials PLC (a)(b) | 4,706 | 9,130 | |
W.R. Grace & Co. | 11,437 | 497,395 | |
Westlake Chemical Corp. | 6,460 | 436,825 | |
108,264,151 | |||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 7,711 | 657,363 | |
Forterra, Inc. (a) | 2,986 | 38,967 | |
Martin Marietta Materials, Inc. | 11,636 | 3,099,249 | |
Summit Materials, Inc. (a) | 22,195 | 392,630 | |
U.S. Concrete, Inc. (a) | 2,911 | 98,858 | |
Vulcan Materials Co. | 24,722 | 3,580,734 | |
7,867,801 | |||
Containers & Packaging - 0.5% | |||
Amcor PLC | 289,849 | 3,023,125 | |
Aptargroup, Inc. | 12,160 | 1,387,334 | |
Avery Dennison Corp. | 15,712 | 2,174,384 | |
Ball Corp. | 60,691 | 5,401,499 | |
Berry Global Group, Inc. (a) | 24,506 | 1,142,715 | |
Crown Holdings, Inc. (a) | 25,368 | 2,176,574 | |
Graphic Packaging Holding Co. | 51,470 | 684,036 | |
Greif, Inc. Class A (b) | 4,542 | 184,360 | |
International Paper Co. | 73,180 | 3,201,625 | |
Myers Industries, Inc. | 7,577 | 108,654 | |
O-I Glass, Inc. | 29,025 | 273,706 | |
Packaging Corp. of America | 17,828 | 2,041,128 | |
Sealed Air Corp. | 29,252 | 1,158,087 | |
Silgan Holdings, Inc. | 14,513 | 499,973 | |
Sonoco Products Co. | 18,102 | 885,007 | |
UFP Technologies, Inc. (a) | 1,206 | 44,694 | |
WestRock Co. | 48,306 | 1,813,890 | |
26,200,791 | |||
Metals & Mining - 0.4% | |||
Alcoa Corp. (a) | 34,029 | 439,655 | |
Allegheny Technologies, Inc. (a)(b) | 24,761 | 228,049 | |
Arconic Rolled Products Corp. (a) | 18,168 | 394,972 | |
Carpenter Technology Corp. | 8,327 | 145,556 | |
Century Aluminum Co. (a) | 9,417 | 61,964 | |
Cleveland-Cliffs, Inc. | 72,506 | 600,350 | |
Coeur d'Alene Mines Corp. (a)(b) | 45,025 | 318,327 | |
Commercial Metals Co. | 22,644 | 467,599 | |
Compass Minerals International, Inc. (b) | 6,462 | 390,176 | |
Contura Energy, Inc. (a) | 3,908 | 25,207 | |
Freeport-McMoRan, Inc. | 269,386 | 4,671,153 | |
Gold Resource Corp. | 10,030 | 27,482 | |
Haynes International, Inc. | 1,562 | 25,320 | |
Hecla Mining Co. | 99,284 | 454,721 | |
Kaiser Aluminum Corp. | 2,740 | 172,428 | |
Materion Corp. | 3,670 | 187,867 | |
McEwen Mining, Inc. (a)(b) | 55,461 | 53,875 | |
Newmont Corp. | 149,149 | 9,372,523 | |
Nucor Corp. | 55,946 | 2,671,981 | |
Reliance Steel & Aluminum Co. | 11,919 | 1,299,052 | |
Royal Gold, Inc. | 12,198 | 1,449,244 | |
Ryerson Holding Corp. (a)(b) | 2,174 | 17,109 | |
Schnitzer Steel Industries, Inc. Class A | 5,471 | 114,891 | |
Steel Dynamics, Inc. | 37,345 | 1,175,621 | |
SunCoke Energy, Inc. | 15,219 | 53,114 | |
TimkenSteel Corp. (a) | 6,610 | 25,581 | |
United States Steel Corp. | 43,530 | 420,500 | |
Warrior Metropolitan Coal, Inc. | 9,156 | 137,340 | |
Worthington Industries, Inc. | 6,855 | 337,335 | |
25,738,992 | |||
Paper & Forest Products - 0.0% | |||
Boise Cascade Co. | 7,405 | 284,204 | |
Clearwater Paper Corp. (a)(b) | 2,837 | 105,395 | |
Domtar Corp. | 10,878 | 259,767 | |
Louisiana-Pacific Corp. | 21,579 | 616,728 | |
Mercer International, Inc. (SBI) | 7,745 | 48,716 | |
Neenah, Inc. | 2,815 | 105,928 | |
P.H. Glatfelter Co. | 7,337 | 104,699 | |
Resolute Forest Products (a) | 15,293 | 70,195 | |
Schweitzer-Mauduit International, Inc. | 6,366 | 211,351 | |
Verso Corp. | 5,838 | 45,420 | |
1,852,403 | |||
TOTAL MATERIALS | 169,924,138 | ||
REAL ESTATE - 3.3% | |||
Equity Real Estate Investment Trusts (REITs) - 3.2% | |||
Acadia Realty Trust (SBI) | 15,047 | 140,389 | |
Agree Realty Corp. | 10,261 | 636,900 | |
Alexander & Baldwin, Inc. | 16,451 | 211,395 | |
Alexanders, Inc. | 370 | 89,980 | |
Alexandria Real Estate Equities, Inc. | 22,163 | 3,358,138 | |
American Assets Trust, Inc. | 10,107 | 211,540 | |
American Campus Communities, Inc. | 25,821 | 967,255 | |
American Finance Trust, Inc. | 18,327 | 105,655 | |
American Homes 4 Rent Class A | 50,878 | 1,438,321 | |
American Tower Corp. | 82,413 | 18,926,145 | |
Americold Realty Trust | 37,827 | 1,370,472 | |
Apartment Investment & Management Co. Class A | 27,604 | 880,568 | |
Apple Hospitality (REIT), Inc. | 38,026 | 376,457 | |
Armada Hoffler Properties, Inc. | 9,338 | 84,135 | |
Ashford Hospitality Trust, Inc. (b) | 1,117 | 1,441 | |
AvalonBay Communities, Inc. | 26,059 | 3,625,589 | |
Bluerock Residential Growth (REIT), Inc. | 2,998 | 25,963 | |
Boston Properties, Inc. | 26,563 | 1,923,427 | |
Braemar Hotels & Resorts, Inc. | 4,147 | 10,036 | |
Brandywine Realty Trust (SBI) | 33,468 | 293,180 | |
Brixmor Property Group, Inc. | 56,271 | 616,730 | |
Camden Property Trust (SBI) | 17,973 | 1,657,830 | |
CareTrust (REIT), Inc. | 17,378 | 297,164 | |
CatchMark Timber Trust, Inc. | 7,096 | 61,664 | |
CBL & Associates Properties, Inc. (a)(b) | 17,454 | 2,636 | |
Chatham Lodging Trust | 7,940 | 58,359 | |
City Office REIT, Inc. | 9,520 | 60,166 | |
Colony Capital, Inc. | 88,287 | 314,302 | |
Columbia Property Trust, Inc. | 20,108 | 212,743 | |
Community Healthcare Trust, Inc. | 4,099 | 189,784 | |
CoreCivic, Inc. | 22,717 | 145,616 | |
CorEnergy Infrastructure Trust, Inc. | 2,534 | 11,859 | |
CorePoint Lodging, Inc. (b) | 7,547 | 36,075 | |
CoreSite Realty Corp. | 7,874 | 939,841 | |
Corporate Office Properties Trust (SBI) | 20,844 | 467,531 | |
Cousins Properties, Inc. | 27,722 | 706,357 | |
Crown Castle International Corp. | 78,003 | 12,184,069 | |
CubeSmart | 36,160 | 1,226,909 | |
CyrusOne, Inc. | 21,746 | 1,545,053 | |
DiamondRock Hospitality Co. | 34,417 | 170,020 | |
Digital Realty Trust, Inc. | 50,045 | 7,221,494 | |
Diversified Healthcare Trust (SBI) | 44,378 | 128,474 | |
Douglas Emmett, Inc. | 29,812 | 703,563 | |
Duke Realty Corp. | 68,775 | 2,612,762 | |
Easterly Government Properties, Inc. | 15,311 | 320,000 | |
EastGroup Properties, Inc. | 7,513 | 999,830 | |
Empire State Realty Trust, Inc. | 24,120 | 129,766 | |
EPR Properties | 14,354 | 342,199 | |
Equinix, Inc. | 16,455 | 12,032,554 | |
Equity Commonwealth | 23,633 | 624,384 | |
Equity Lifestyle Properties, Inc. | 31,608 | 1,870,878 | |
Equity Residential (SBI) | 63,865 | 3,000,378 | |
Essential Properties Realty Trust, Inc. | 20,135 | 332,630 | |
Essex Property Trust, Inc. | 12,142 | 2,484,132 | |
Extra Space Storage, Inc. | 23,870 | 2,767,727 | |
Federal Realty Investment Trust (SBI) | 12,984 | 893,040 | |
First Industrial Realty Trust, Inc. | 24,072 | 958,306 | |
Four Corners Property Trust, Inc. | 13,008 | 329,623 | |
Franklin Street Properties Corp. | 18,515 | 77,763 | |
Front Yard Residential Corp. Class B | 9,293 | 124,433 | |
Gaming & Leisure Properties | 38,562 | 1,401,729 | |
Getty Realty Corp. | 7,462 | 196,101 | |
Gladstone Commercial Corp. | 5,571 | 90,529 | |
Gladstone Land Corp. | 3,695 | 51,250 | |
Global Medical REIT, Inc. | 8,466 | 105,232 | |
Global Net Lease, Inc. | 17,238 | 245,297 | |
Government Properties Income Trust | 8,273 | 152,306 | |
Healthcare Realty Trust, Inc. | 25,529 | 709,706 | |
Healthcare Trust of America, Inc. | 40,507 | 984,320 | |
Healthpeak Properties, Inc. | 100,140 | 2,700,776 | |
Hersha Hospitality Trust | 6,731 | 32,982 | |
Highwoods Properties, Inc. (SBI) | 19,629 | 584,355 | |
Hospitality Properties Trust (SBI) | 29,518 | 212,825 | |
Host Hotels & Resorts, Inc. | 131,832 | 1,381,599 | |
Hudson Pacific Properties, Inc. | 28,262 | 544,326 | |
Independence Realty Trust, Inc. | 16,170 | 196,466 | |
Industrial Logistics Properties Trust | 11,391 | 218,479 | |
Investors Real Estate Trust | 2,099 | 141,494 | |
Invitation Homes, Inc. | 104,156 | 2,839,293 | |
Iron Mountain, Inc. | 53,488 | 1,393,897 | |
iStar Financial, Inc. | 14,457 | 170,593 | |
JBG SMITH Properties | 21,631 | 505,084 | |
Jernigan Capital, Inc. | 4,875 | 84,289 | |
Kilroy Realty Corp. | 19,552 | 920,508 | |
Kimco Realty Corp. | 81,221 | 833,327 | |
Kite Realty Group Trust | 15,868 | 164,392 | |
Lamar Advertising Co. Class A | 15,939 | 987,580 | |
Lexington Corporate Properties Trust | 52,157 | 517,919 | |
Life Storage, Inc. | 8,673 | 990,023 | |
LTC Properties, Inc. | 7,281 | 240,346 | |
Mack-Cali Realty Corp. | 15,377 | 168,993 | |
Medical Properties Trust, Inc. | 103,969 | 1,852,728 | |
Mid-America Apartment Communities, Inc. | 21,267 | 2,480,370 | |
Monmouth Real Estate Investment Corp. Class A | 22,173 | 307,096 | |
National Health Investors, Inc. | 7,997 | 448,232 | |
National Retail Properties, Inc. | 33,850 | 1,083,539 | |
National Storage Affiliates Trust | 11,710 | 396,852 | |
New Senior Investment Group, Inc. | 14,614 | 57,141 | |
NexPoint Residential Trust, Inc. | 4,272 | 189,335 | |
Omega Healthcare Investors, Inc. | 43,074 | 1,240,962 | |
Outfront Media, Inc. | 26,353 | 345,488 | |
Paramount Group, Inc. | 34,626 | 200,138 | |
Park Hotels & Resorts, Inc. | 43,373 | 430,694 | |
Pebblebrook Hotel Trust | 25,449 | 304,879 | |
Pennsylvania Real Estate Investment Trust (SBI) (b) | 7,451 | 3,718 | |
Physicians Realty Trust | 38,249 | 644,878 | |
Piedmont Office Realty Trust, Inc. Class A | 25,146 | 287,167 | |
Plymouth Industrial REIT, Inc. | 5,057 | 64,274 | |
Potlatch Corp. | 12,723 | 528,641 | |
Preferred Apartment Communities, Inc. Class A | 8,385 | 45,279 | |
Prologis (REIT), Inc. | 137,430 | 13,633,056 | |
PS Business Parks, Inc. | 3,625 | 413,359 | |
Public Storage | 28,292 | 6,480,848 | |
QTS Realty Trust, Inc. Class A | 11,193 | 688,481 | |
Ramco-Gershenson Properties Trust (SBI) | 13,150 | 64,304 | |
Rayonier, Inc. | 25,821 | 655,337 | |
Realty Income Corp. | 64,138 | 3,711,025 | |
Regency Centers Corp. | 29,720 | 1,057,735 | |
Retail Opportunity Investments Corp. | 20,202 | 196,565 | |
Retail Properties America, Inc. | 39,017 | 204,449 | |
Retail Value, Inc. | 2,050 | 25,625 | |
Rexford Industrial Realty, Inc. | 22,810 | 1,059,753 | |
RLJ Lodging Trust | 28,959 | 236,885 | |
Ryman Hospitality Properties, Inc. | 9,786 | 389,972 | |
Sabra Health Care REIT, Inc. | 39,039 | 513,753 | |
Safety Income and Growth, Inc. | 2,507 | 172,532 | |
Saul Centers, Inc. | 2,108 | 52,173 | |
SBA Communications Corp. Class A | 20,830 | 6,048,407 | |
Seritage Growth Properties (a)(b) | 5,844 | 74,394 | |
Simon Property Group, Inc. | 57,083 | 3,585,383 | |
SITE Centers Corp. | 29,383 | 200,098 | |
SL Green Realty Corp. | 13,347 | 571,385 | |
Spirit Realty Capital, Inc. | 19,467 | 584,983 | |
Stag Industrial, Inc. | 27,390 | 852,377 | |
Store Capital Corp. | 42,711 | 1,097,673 | |
Summit Hotel Properties, Inc. | 17,892 | 94,470 | |
Sun Communities, Inc. | 18,246 | 2,511,197 | |
Sunstone Hotel Investors, Inc. | 42,259 | 313,562 | |
Tanger Factory Outlet Centers, Inc. (b) | 16,408 | 101,566 | |
Taubman Centers, Inc. | 11,649 | 389,310 | |
Terreno Realty Corp. | 12,810 | 720,947 | |
The GEO Group, Inc. (b) | 21,131 | 187,221 | |
The Macerich Co. (b) | 19,703 | 137,133 | |
UDR, Inc. | 55,275 | 1,726,791 | |
UMH Properties, Inc. | 7,969 | 108,617 | |
Uniti Group, Inc. | 35,005 | 308,744 | |
Universal Health Realty Income Trust (SBI) | 2,214 | 118,383 | |
Urban Edge Properties | 19,728 | 185,443 | |
Urstadt Biddle Properties, Inc. Class A | 5,258 | 50,004 | |
Ventas, Inc. | 69,220 | 2,732,113 | |
VEREIT, Inc. | 197,084 | 1,221,921 | |
VICI Properties, Inc. | 99,933 | 2,293,462 | |
Vornado Realty Trust | 28,818 | 885,577 | |
Washington Prime Group, Inc. (b) | 31,649 | 18,530 | |
Washington REIT (SBI) | 15,293 | 267,322 | |
Weingarten Realty Investors (SBI) | 22,479 | 356,517 | |
Welltower, Inc. | 78,033 | 4,195,834 | |
Weyerhaeuser Co. | 139,495 | 3,806,819 | |
Whitestone REIT Class B | 7,110 | 42,376 | |
WP Carey, Inc. | 32,568 | 2,039,082 | |
Xenia Hotels & Resorts, Inc. | 21,832 | 179,896 | |
191,776,446 | |||
Real Estate Management & Development - 0.1% | |||
Altisource Portfolio Solutions SA (a)(b) | 1,784 | 19,856 | |
CBRE Group, Inc. (a) | 62,152 | 3,132,461 | |
CTO Realty Growth, Inc. | 895 | 39,496 | |
eXp World Holdings, Inc. (a) | 5,039 | 213,603 | |
Forestar Group, Inc. (a) | 2,799 | 46,575 | |
Howard Hughes Corp. (a) | 8,378 | 521,028 | |
Jones Lang LaSalle, Inc. | 9,755 | 1,100,949 | |
Kennedy-Wilson Holdings, Inc. | 22,564 | 297,394 | |
Marcus & Millichap, Inc. (a)(b) | 4,014 | 125,357 | |
Newmark Group, Inc. | 26,847 | 127,121 | |
RE/MAX Holdings, Inc. | 3,070 | 99,284 | |
Realogy Holdings Corp. (a) | 21,441 | 239,282 | |
Redfin Corp. (a) | 18,569 | 775,627 | |
The RMR Group, Inc. | 2,666 | 71,076 | |
The St. Joe Co. (b) | 5,659 | 153,019 | |
6,962,128 | |||
TOTAL REAL ESTATE | 198,738,574 | ||
UTILITIES - 3.0% | |||
Electric Utilities - 1.8% | |||
Allete, Inc. | 9,580 | 494,136 | |
Alliant Energy Corp. | 46,251 | 2,556,755 | |
American Electric Power Co., Inc. | 92,137 | 8,285,880 | |
Avangrid, Inc. | 10,479 | 517,034 | |
Duke Energy Corp. | 136,531 | 12,575,870 | |
Edison International | 70,090 | 3,927,844 | |
Entergy Corp. | 37,265 | 3,771,963 | |
Evergy, Inc. | 42,252 | 2,332,310 | |
Eversource Energy | 63,690 | 5,558,226 | |
Exelon Corp. | 181,322 | 7,232,935 | |
FirstEnergy Corp. | 100,363 | 2,982,788 | |
Hawaiian Electric Industries, Inc. | 20,580 | 679,963 | |
IDACORP, Inc. | 9,506 | 833,961 | |
MGE Energy, Inc. | 6,555 | 426,206 | |
NextEra Energy, Inc. | 363,658 | 26,623,402 | |
NRG Energy, Inc. | 45,559 | 1,440,576 | |
OGE Energy Corp. | 37,550 | 1,155,414 | |
Otter Tail Corp. | 7,197 | 276,005 | |
Pinnacle West Capital Corp. | 20,990 | 1,712,154 | |
PNM Resources, Inc. | 15,168 | 758,400 | |
Portland General Electric Co. | 16,694 | 656,074 | |
PPL Corp. | 142,357 | 3,914,818 | |
Southern Co. | 195,896 | 11,254,225 | |
Xcel Energy, Inc. | 97,597 | 6,834,718 | |
106,801,657 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 22,777 | 2,087,968 | |
Chesapeake Utilities Corp. | 3,153 | 306,503 | |
National Fuel Gas Co. | 16,681 | 666,573 | |
New Jersey Resources Corp. (b) | 17,202 | 501,954 | |
Northwest Natural Holding Co. | 5,721 | 254,241 | |
ONE Gas, Inc. | 9,774 | 674,797 | |
South Jersey Industries, Inc. | 18,476 | 356,033 | |
Southwest Gas Holdings, Inc. | 10,876 | 714,771 | |
Spire, Inc. | 9,664 | 541,571 | |
UGI Corp. | 38,887 | 1,257,606 | |
7,362,017 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Clearway Energy, Inc.: | |||
Class A | 5,485 | 143,762 | |
Class C | 13,890 | 391,142 | |
Ormat Technologies, Inc. | 7,262 | 514,658 | |
Sunnova Energy International, Inc. (a) | 8,408 | 202,296 | |
The AES Corp. | 123,421 | 2,406,710 | |
Vistra Corp. | 91,066 | 1,581,816 | |
5,240,384 | |||
Multi-Utilities - 0.9% | |||
Ameren Corp. | 45,870 | 3,720,974 | |
Avista Corp. | 13,464 | 447,274 | |
Black Hills Corp. | 11,847 | 671,251 | |
CenterPoint Energy, Inc. | 100,851 | 2,130,982 | |
CMS Energy Corp. | 53,094 | 3,362,443 | |
Consolidated Edison, Inc. | 62,192 | 4,881,450 | |
Dominion Energy, Inc. | 155,909 | 12,525,729 | |
DTE Energy Co. | 35,678 | 4,403,379 | |
MDU Resources Group, Inc. | 37,080 | 881,021 | |
NiSource, Inc. | 71,227 | 1,636,084 | |
NorthWestern Energy Corp. | 9,474 | 493,880 | |
Public Service Enterprise Group, Inc. | 94,078 | 5,470,636 | |
Sempra Energy | 53,861 | 6,752,015 | |
Unitil Corp. | 2,677 | 92,490 | |
WEC Energy Group, Inc. | 58,523 | 5,884,488 | |
53,354,096 | |||
Water Utilities - 0.1% | |||
American States Water Co. | 6,737 | 503,187 | |
American Water Works Co., Inc. | 33,590 | 5,055,631 | |
Cadiz, Inc. (a)(b) | 4,637 | 44,283 | |
California Water Service Group | 9,381 | 418,111 | |
Essential Utilities, Inc. | 42,180 | 1,737,816 | |
Middlesex Water Co. | 3,212 | 206,018 | |
SJW Corp. | 4,678 | 283,908 | |
York Water Co. | 2,373 | 100,259 | |
8,349,213 | |||
TOTAL UTILITIES | 181,107,367 | ||
TOTAL COMMON STOCKS | |||
(Cost $5,357,295,443) | 6,023,468,639 | ||
Principal Amount | Value | ||
U.S. Treasury Obligations - 0.0% | |||
U.S. Treasury Bills, yield at date of purchase 0.13% 11/5/20 (e) | |||
(Cost $119,998) | 120,000 | 119,999 | |
Shares | Value | ||
Money Market Funds - 2.0% | |||
Fidelity Cash Central Fund 0.10% (f) | 28,638,008 | $28,643,735 | |
Fidelity Securities Lending Cash Central Fund 0.11% (f)(g) | 94,526,513 | 94,535,966 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $123,179,701) | 123,179,701 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% | |||
(Cost $5,480,595,142) | 6,146,768,339 | ||
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (93,198,079) | ||
NET ASSETS - 100% | $6,053,570,260 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini Russell 2000 Index Contracts (United States) | 27 | Dec. 2020 | $2,074,680 | $61,715 | $61,715 |
CME E-mini S&P 500 Index Contracts (United States) | 142 | Dec. 2020 | 23,179,370 | (92,643) | (92,643) |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 7 | Dec. 2020 | 1,326,920 | 39,031 | 39,031 |
TOTAL FUTURES CONTRACTS | $8,103 |
The notional amount of futures purchased as a percentage of Net Assets is 0.4%
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Level 3 security
(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $298,796 or 0.0% of net assets.
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $119,999.
(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $127,873 |
Fidelity Securities Lending Cash Central Fund | 561,244 |
Total | $689,117 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 2020, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $616,912,137 | $616,886,852 | $-- | $25,285 |
Consumer Discretionary | 738,490,451 | 738,490,451 | -- | -- |
Consumer Staples | 380,274,634 | 380,274,634 | -- | -- |
Energy | 113,727,712 | 113,727,712 | -- | -- |
Financials | 616,187,963 | 616,187,963 | -- | -- |
Health Care | 859,999,081 | 859,999,081 | -- | -- |
Industrials | 537,333,671 | 537,333,671 | -- | -- |
Information Technology | 1,610,772,911 | 1,610,772,911 | -- | -- |
Materials | 169,924,138 | 169,924,138 | -- | -- |
Real Estate | 198,738,574 | 198,738,574 | -- | -- |
Utilities | 181,107,367 | 181,107,367 | -- | -- |
U.S. Government and Government Agency Obligations | 119,999 | -- | 119,999 | -- |
Money Market Funds | 123,179,701 | 123,179,701 | -- | -- |
Total Investments in Securities: | $6,146,768,339 | $6,146,623,055 | $119,999 | $25,285 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $100,746 | $100,746 | $-- | $-- |
Total Assets | $100,746 | $100,746 | $-- | $-- |
Liabilities | ||||
Futures Contracts | $(92,643) | $(92,643) | $-- | $-- |
Total Liabilities | $(92,643) | $(92,643) | $-- | $-- |
Total Derivative Instruments: | $8,103 | $8,103 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2020. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.
Primary Risk Exposure / Derivative Type | Value | |
Asset | Liability | |
Equity Risk | ||
Futures Contracts(a) | $100,746 | $(92,643) |
Total Equity Risk | 100,746 | (92,643) |
Total Value of Derivatives | $100,746 | $(92,643) |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO℠ Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2020 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $89,681,414) — See accompanying schedule: Unaffiliated issuers (cost $5,357,415,441) | $6,023,588,638 | |
Fidelity Central Funds (cost $123,179,701) | 123,179,701 | |
Total Investment in Securities (cost $5,480,595,142) | $6,146,768,339 | |
Segregated cash with brokers for derivative instruments | 2,761,562 | |
Cash | 617,353 | |
Foreign currency held at value (cost $1,056) | 1,060 | |
Receivable for fund shares sold | 18,392,045 | |
Dividends receivable | 5,187,178 | |
Distributions receivable from Fidelity Central Funds | 53,933 | |
Total assets | 6,173,781,470 | |
Liabilities | ||
Payable for investments purchased | $21,696,912 | |
Payable for fund shares redeemed | 3,570,694 | |
Payable for daily variation margin on futures contracts | 409,071 | |
Collateral on securities loaned | 94,534,533 | |
Total liabilities | 120,211,210 | |
Net Assets | $6,053,570,260 | |
Net Assets consist of: | ||
Paid in capital | $5,343,027,970 | |
Total accumulated earnings (loss) | 710,542,290 | |
Net Assets | $6,053,570,260 | |
Net Asset Value, offering price and redemption price per share ($6,053,570,260 ÷ 518,895,152 shares) | $11.67 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2020 | ||
Investment Income | ||
Dividends | $93,332,353 | |
Interest | 6,689 | |
Income from Fidelity Central Funds (including $561,244 from security lending) | 689,117 | |
Total income | 94,028,159 | |
Expenses | ||
Independent trustees' fees and expenses | $28,372 | |
Total expenses before reductions | 28,372 | |
Expense reductions | (2,252) | |
Total expenses after reductions | 26,120 | |
Net investment income (loss) | 94,002,039 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (19,816,512) | |
Fidelity Central Funds | 3,755 | |
Foreign currency transactions | (321) | |
Futures contracts | 1,764,938 | |
Total net realized gain (loss) | (18,048,140) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 396,527,220 | |
Assets and liabilities in foreign currencies | (419) | |
Futures contracts | (186,235) | |
Total change in net unrealized appreciation (depreciation) | 396,340,566 | |
Net gain (loss) | 378,292,426 | |
Net increase (decrease) in net assets resulting from operations | $472,294,465 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2020 | Year ended October 31, 2019 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $94,002,039 | $55,841,692 |
Net realized gain (loss) | (18,048,140) | 3,567,991 |
Change in net unrealized appreciation (depreciation) | 396,340,566 | 349,476,437 |
Net increase (decrease) in net assets resulting from operations | 472,294,465 | 408,886,120 |
Distributions to shareholders | (70,205,838) | (11,754,371) |
Share transactions | ||
Proceeds from sales of shares | 3,128,687,092 | 3,063,950,976 |
Reinvestment of distributions | 67,273,777 | 11,304,792 |
Cost of shares redeemed | (1,713,363,481) | (667,649,189) |
Net increase (decrease) in net assets resulting from share transactions | 1,482,597,388 | 2,407,606,579 |
Total increase (decrease) in net assets | 1,884,686,015 | 2,804,738,328 |
Net Assets | ||
Beginning of period | 4,168,884,245 | 1,364,145,917 |
End of period | $6,053,570,260 | $4,168,884,245 |
Other Information | ||
Shares | ||
Sold | 289,201,389 | 309,746,447 |
Issued in reinvestment of distributions | 6,055,249 | 1,248,123 |
Redeemed | (163,119,980) | (66,886,285) |
Net increase (decrease) | 132,136,658 | 244,108,285 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO Total Market Index Fund
Years ended October 31, | 2020 | 2019 | 2018 A |
Selected Per–Share Data | |||
Net asset value, beginning of period | $10.78 | $9.56 | $10.00 |
Income from Investment Operations | |||
Net investment income (loss)B | .20 | .19 | .04 |
Net realized and unrealized gain (loss) | .86 | 1.10 | (.48) |
Total from investment operations | 1.06 | 1.29 | (.44) |
Distributions from net investment income | (.16) | (.06) | – |
Distributions from net realized gain | (.01) | (.01) | – |
Total distributions | (.17) | (.07) | – |
Net asset value, end of period | $11.67 | $10.78 | $9.56 |
Total ReturnC,D | 9.92% | 13.57% | (4.40)% |
Ratios to Average Net AssetsE,F | |||
Expenses before reductionsG | -% | -% | - %H |
Expenses net of fee waivers, if anyG | -% | -% | - %H |
Expenses net of all reductionsG | -% | -% | - %H |
Net investment income (loss) | 1.79% | 1.91% | 1.61%H |
Supplemental Data | |||
Net assets, end of period (000 omitted) | $6,053,570 | $4,168,884 | $1,364,146 |
Portfolio turnover rateI | 6% | 3% | - %J,K |
A For the period August 2, 2018 (commencement of operations) to October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount represents less than .005%.
H Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Amount represents less than 1%.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended October 31, 2020
1. Organization.
Fidelity ZERO Extended Market Index Fund, Fidelity ZERO International Index Fund, Fidelity ZERO Large Cap Index Fund and Fidelity ZERO Total Market Index Fund are funds of Fidelity Concord Street Trust. Each Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund is authorized to issue an unlimited number of shares. Investments in emerging markets, if applicable, can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.
Effective January 1, 2020, investment advisers Fidelity Investments Money Management, Inc., FMR Co., Inc., and Fidelity SelectCo, LLC, merged with and into Fidelity Management & Research Company. In connection with the merger transactions, the resulting, merged investment adviser was then redomiciled from Massachusetts to Delaware, changed its corporate structure from a corporation to a limited liability company, and changed its name to "Fidelity Management & Research Company LLC".
2. Investments in Fidelity Central Funds.
The Funds invests in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date ranged from less than .005% to .01%.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services – Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing each Fund's investments and ratifies the fair value determinations of the Committee.
Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
- Level 1 – quoted prices in active markets for identical investments
- Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
- Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value each Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 2020 is included at the end of each Fund's Schedule of Investments.
Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and for certain Funds include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Funds represent a return of capital or capital gain. The Funds determine the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2020, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Fidelity ZERO International Index Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on each applicable Fund's Statement of Assets & Liabilities.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, certain deemed distributions, passive foreign investment companies (PFIC),partnerships, capital loss carryforwards and losses deferred due to wash sales.
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity ZERO Extended Market Index Fund | $630,401,541 | $97,473,938 | $(109,024,035) | $(11,550,097) |
Fidelity ZERO International Index Fund | 1,674,782,403 | 225,045,404 | (256,927,846) | (31,882,442) |
Fidelity ZERO Large Cap Index Fund | 2,135,604,993 | 417,046,330 | (180,374,515) | 236,671,815 |
Fidelity ZERO Total Market Index Fund | 5,503,984,433 | 1,226,656,415 | (583,872,509) | 642,783,906 |
The tax-based components of distributable earnings as of period end were as follows for each Fund:
Undistributed ordinary income | Undistributed long-term capital gain | Capital loss carryforward | Net unrealized appreciation (depreciation) on securities and other investments | |
Fidelity ZERO Extended Market Index Fund | $6,397,299 | $6,680,807 | $– | $(11,550,101) |
Fidelity ZERO International Index Fund | 27,436,217 | – | (13,389,789) | (31,791,538) |
Fidelity ZERO Large Cap Index Fund | 24,783,504 | – | (1,049,848) | 236,671,815 |
Fidelity ZERO Total Market Index Fund | 68,462,264 | – | (703,883) | 642,783,910 |
Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
No expiration | |||
Short-term | Long-term | Total capital loss carryfoward | |
Fidelity ZERO International Index Fund | (5,939,503) | (7,450,286) | (13,389,789) |
Fidelity ZERO Large Cap Index Fund | (746,793) | (303,055) | (1,049,848) |
Fidelity ZERO Total Market Index Fund | (703,883) | – | (703,883) |
The tax character of distributions paid was as follows:
October 31, 2020 | |||
Ordinary Income | Long-term Capital Gains | Total | |
Fidelity ZERO Extended Market Index Fund | $8,767,723 | $247,676 | $9,015,399 |
Fidelity ZERO International Index Fund | 32,813,228 | – | 32,813,228 |
Fidelity ZERO Large Cap Index Fund | 16,389,623 | – | 16,389,623 |
Fidelity ZERO Total Market Index Fund | 67,331,914 | 2,873,924 | 70,205,838 |
October 31, 2019 | |||
Ordinary Income | Long-term Capital Gains | Total | |
Fidelity ZERO Extended Market Index Fund | $570,035 | $– | $570,035 |
Fidelity ZERO International Index Fund | 3,263,555 | – | 3,263,555 |
Fidelity ZERO Large Cap Index Fund | 1,065,835 | – | 1,065,835 |
Fidelity ZERO Total Market Index Fund | 11,396,385 | 357,986 | 11,754,371 |
Restricted Securities (including Private Placements). The Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities is included at the end of each applicable Fund's Schedule of Investments.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.
The Funds' use of derivatives increased or decreased their exposure to the following risk:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity ZERO Extended Market Index Fund | 293,306,683 | 133,833,798 |
Fidelity ZERO International Index Fund | 565,074,804 | 109,737,015 |
Fidelity ZERO Large Cap Index Fund | 1,147,978,206 | 100,171,685 |
Fidelity ZERO Total Market Index Fund | 1,794,769,027 | 287,532,445 |
6. Fees and Other Transactions with Affiliates.
Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Funds with investment management services for which the Funds do not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Funds, except fees and expenses of the independent Trustees.
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.
Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, each Fund, along with other registered investment companies having management contracts with Fidelity Management & Research Company LLC (FMR), or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing each Fund to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Activity in this program during the period for which loans were outstanding is presented in the table below. Interest expense on borrowings is paid by the investment adviser.
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | |
Fidelity ZERO Total Market Index Fund | Borrower | $8,360,000 | .32% |
Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.
7. Committed Line of Credit.
Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The commitment fees on the pro-rata portion of the line of credit are paid by the investment adviser. During the period, there were no borrowings on this line of credit.
8. Security Lending.
Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:
Total Security Lending Income Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity ZERO Extended Market Index Fund | $35,204 | $11,435 | $395,135 |
Fidelity ZERO International Index Fund | $437 | $17 | $– |
Fidelity ZERO Large Cap Index Fund | $4,579 | $1,349 | $– |
Fidelity ZERO Total Market Index Fund | $55,548 | $15,616 | $322,400 |
9. Expense Reductions.
In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's expenses. All of the applicable expense reductions are noted in the table below.
Custodian credits | |
Fidelity ZERO Extended Market Index Fund | $714 |
Fidelity ZERO International Index Fund | 2,376 |
Fidelity ZERO Large Cap Index Fund | 942 |
Fidelity ZERO Total Market Index Fund | 2,252 |
10. Other.
The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.
11. Coronavirus (COVID-19) Pandemic.
An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity ZERO International Index Fund, Fidelity ZERO Total Market Index Fund, Fidelity ZERO Extended Market Index Fund, and Fidelity ZERO Large Cap Index Fund:
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statements of assets and liabilities of Fidelity ZERO International Index Fund, Fidelity ZERO Total Market Index Fund, Fidelity ZERO Extended Market Index Fund, and Fidelity ZERO Large Cap Index Fund (the “Funds”), each a fund of Fidelity Concord Street Trust, including the schedules of investments, as of October 31, 2020, the related statements of operations for the year then ended, and the statements of changes in net assets and the financial highlights for the year then ended and for the period from August 2, 2018 (commencement of operations) to October 31, 2018 for Fidelity ZERO International Index Fund and Fidelity ZERO Total Market Index Fund, and the statements of changes in net assets and the financial highlights for the year then ended and for the period from September 13, 2018 (commencement of operations) to October 31, 2018 for Fidelity ZERO Extended Market Index Fund and Fidelity ZERO Large Cap Index Fund, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2020, the results of their operations for the year then ended, and the changes in their net assets and the financial highlights for the year then ended and for the period from August 2, 2018 (commencement of operations) to October 31, 2018 for Fidelity ZERO International Index Fund and Fidelity ZERO Total Market Index Fund, and the changes in their net assets and the financial highlights for the year then ended and for the period from September 13, 2018 (commencement of operations) to October 31, 2018 for Fidelity ZERO Extended Market Index Fund and Fidelity ZERO Large Cap Index Fund, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2020, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
December 11, 2020
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 305 funds. Mr. Chiel oversees 176 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Each fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach and David M. Thomas serve as Co-Lead Independent Trustees and as such each (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the funds' Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York, a member of the Board of NYC Leadership Academy (2012-present) and a member of the Board of Advisors of Ripple Labs, Inc. (financial services, 2015-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Compensation Committee and Executive Committee and as Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Alan J. Lacy (1953)
Year of Election or Appointment: 2008
Trustee
Mr. Lacy also serves as Trustee of other Fidelity® funds. Previously, Mr. Lacy served as Senior Adviser (2007-2014) of Oak Hill Capital Partners, L.P. (private equity), Chief Executive Officer (2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation (retail), Chief Executive Officer and Chairman of the Board of Sears, Roebuck and Co. (retail, 2000-2005), Chairman (2014-2017) and a member of the Board (2010-2017) of Dave & Buster’s Entertainment, Inc. (restaurant and entertainment complexes) and a member of the Board of Bristol-Myers Squibb Company (global pharmaceuticals, 2008-2020). Mr. Lacy currently serves as a Trustee of the California Chapter of The Nature Conservancy (2015-present) and a member of the Board of the Center for Advanced Study in the Behavioral Sciences at Stanford University (2015-present).
Ned C. Lautenbach (1944)
Year of Election or Appointment: 2000
Trustee
Co-Lead Independent Trustee
Mr. Lautenbach also serves as Trustee of other Fidelity® funds. Mr. Lautenbach currently serves as Chair of the Board of Governors, State University System of Florida (2013-present) and is a member of the Council on Foreign Relations (1994-present). He is also a member and has in the past served as Chairman of the Board of Directors of Artis-Naples (2012-present). Previously, Mr. Lautenbach served as a member and then Lead Director of the Board of Directors of Eaton Corporation (diversified industrial, 1997-2016). He was also a Partner at Clayton, Dubilier & Rice, LLC (private equity investment, 1998-2010); as well as Director of Sony Corporation (2006-2007). In addition, Mr. Lautenbach had a 30-year career with IBM (technology company), during which time he served as Senior Vice President and as a member of the Corporate Executive Committee (1968-1998).
Joseph Mauriello (1944)
Year of Election or Appointment: 2008
Trustee
Mr. Mauriello also serves as Trustee of other Fidelity® funds. Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Independent Directors Council Governing Council (2015-present). Previously, Mr. Mauriello served as a member of the Board of XL Group plc. (global insurance and re-insurance, 2006-2018).
Cornelia M. Small (1944)
Year of Election or Appointment: 2005
Trustee
Ms. Small also serves as Trustee of other Fidelity® funds. Previously, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments and a member of Scudder, Stevens & Clark and Scudder Kemper Investments. Ms. Small previously served as a member of the Board (2009-2019) and Chair of the Investment Committee (2010-2019) of the Teagle Foundation and a member of the Investment Committee of the Berkshire Taconic Community Foundation (2008-2019).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Co-Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as Non-Executive Chairman of the Board of Fortune Brands Home and Security (home and security products, 2011-present), and a member of the Board (2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member of the Board of the Columbus Regional Airport Authority (2007-present), as a member of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board (2011-2019) and as Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Lloyd James Austin, III (1953)
Year of Election or Appointment: 2020
Member of the Advisory Board
General Austin also serves as a Member of the Advisory Board of other Fidelity® funds. Prior to his retirement, General Austin (United States Army, Retired) held a variety of positions within the U.S. Government, including Commander, U.S. Central Command (2013-2016), Vice Chief of Staff, U.S. Army (2012-2013) and Commanding General, U.S. Forces – Iraq, Operation New Dawn (2010-2012). General Austin currently serves as a Partner of Pine Island Capital Partners (private equity, 2020-present) and as President of the Austin Strategy Group LLC (consulting, 2016-present). General Austin serves as a member of the Board of Directors of Nucor Corporation (steel products, 2017-present), as a member of the Board of Directors of Tenet Healthcare Corporation (2018-present) and as a member of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). In addition, General Austin currently serves as a member of the Board of Trustees of the Carnegie Corporation of New York (2017-present) and as a member of the Board of Trustees of Auburn University (2017-present). Previously, General Austin served as a member of the Board of Directors of United Technologies Corporation (aerospace, defense and building, 2016-2020).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2020
Member of the Advisory Board
Mr. Kennedy also serves as a Member of the Advisory Board of other Fidelity® funds. Previously, Mr. Kennedy held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Elizabeth Paige Baumann (1968)
Year of Election or Appointment: 2017
Anti-Money Laundering (AML) Officer
Ms. Baumann also serves as AML Officer of other funds. She is Chief AML Officer (2012-present) and Senior Vice President (2014-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments. Previously, Ms. Baumann served as AML Officer of certain funds (2017-2019), as AML Officer of the funds (2012-2016), and Vice President (2007-2014) and Deputy Anti-Money Laundering Officer (2007-2012) of FMR LLC.
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as Assistant Treasurer of other funds. Mr. Brown is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as Assistant Treasurer of other funds. Mr. Davis serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); and CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Marc L. Spector (1972)
Year of Election or Appointment: 2016
Assistant Treasurer
Mr. Spector also serves as an officer of other funds. Mr. Spector serves as Assistant Treasurer of FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2016-present). Prior to joining Fidelity Investments, Mr. Spector served as Director at the Siegfried Group (accounting firm, 2013-2016), and prior to Siegfried Group as audit senior manager at Deloitte & Touche LLP (accounting firm, 2005-2013).
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as Assistant Treasurer of other funds. Mr. Wegmann is an employee of Fidelity Investments (2011-present).
Shareholder Expense Example
As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2020 to October 31, 2020).
Actual Expenses
The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Annualized Expense Ratio-A | Beginning Account Value May 1, 2020 | Ending Account Value October 31, 2020 | Expenses Paid During Period-B May 1, 2020 to October 31, 2020 | |
Fidelity ZERO Extended Market Index Fund | - %-C | |||
Actual | $1,000.00 | $1,192.50 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.14 | $--D | |
Fidelity ZERO International Index Fund | - %-C | |||
Actual | $1,000.00 | $1,131.00 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.14 | $--D | |
Fidelity ZERO Large Cap Index Fund | - %-C | |||
Actual | $1,000.00 | $1,144.40 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.14 | $--D | |
Fidelity ZERO Total Market Index Fund | - %-C | |||
Actual | $1,000.00 | $1,150.90 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.14 | $--D |
A Annualized expense ratio reflects expenses net of applicable fee waivers.
B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 366 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.
C Amount less than .005%.
D Amount less than $.005.
E 5% return per year before expenses
Distributions (Unaudited)
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities, and dividends derived from net investment income:
Pay Date | Record Date | Dividends | Capital Gains | |
Fidelity ZERO Extended Market Index Fund | 12/07/20 | 12/04/20 | $0.137 | $0.105 |
Fidelity ZERO International Index Fund | 12/07/20 | 12/04/20 | $0.187 | $0.000 |
Fidelity ZERO Large Cap Index Fund | 12/07/20 | 12/04/20 | $0.161 | $0.000 |
Fidelity ZERO Total Market Index Fund | 12/07/20 | 12/04/20 | $0.171 | $0.000 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended October 31, 2020, or, if subsequently determined to be different, the net capital gain of such year.
Fidelity ZERO Extended Market Index Fund | $9,373,189 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:
Fidelity ZERO Extended Market Index Fund | |
December 2019 | 44% |
Fidelity ZERO Large Cap Index Fund | |
December 2019 | 88% |
Fidelity ZERO Total Market Index Fund | |
December 2019 | 85% |
A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
Fidelity ZERO Extended Market Index Fund | |
December 2019 | 49% |
Fidelity ZERO International Index Fund | |
December 2019 | 78% |
Fidelity ZERO Large Cap Index Fund | |
December 2019 | 92% |
Fidelity ZERO Total Market Index Fund | |
December 2019 | 90% |
A percentage of the dividends distributed during the fiscal year for the following funds qualify as a section 199A dividend:
Fidelity ZERO Extended Market Index Fund | |
December 2019 | 21% |
Fidelity ZERO Large Cap Index Fund | |
December 2019 | 6% |
Fidelity ZERO Total Market Index Fund | |
December 2019 | 9% |
The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:
Pay Date | Income | Taxes | |
Fidelity ZERO International Index Fund | 12/16/19 | $0.2413 | $0.0246 |
The funds will notify shareholders in January 2021 of amounts for use in preparing 2020 income tax returns.
Board Approval of Investment Advisory Contracts
Fidelity ZERO Large Cap Index Fund
Fidelity ZERO Total Market Index FundFidelity ZERO International Index FundAt its September 2020 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve an amended and restated sub-advisory agreement with Geode Capital Management, LLC (Geode) for each fund (the Amended Contracts) to decrease the sub-advisory fee rate paid by Fidelity Management & Research Company LLC (FMR), each fund's investment adviser, to Geode on behalf of each fund by 0.05 basis points for Fidelity ZERO Large Cap Index Fund, 0.15 basis points for Fidelity ZERO Total Market Index Fund, and 0.25 basis points for Fidelity ZERO International Index Fund. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, considered a broad range of information.Nature, Extent, and Quality of Services Provided. The Board noted that it previously received and considered materials relating to the nature, extent and quality of services provided by FMR and Geode to each fund, including the resources dedicated to investment management and support services, shareholder and administrative services, the benefits to shareholders of investment in a large fund family and the investment performance of each fund in connection with the annual renewal of each fund's current management contract and sub-advisory agreements (Advisory Contracts). At its January 2020 meeting, the Board concluded that the nature, extent and quality of the services provided to each fund under the existing Advisory Contracts should benefit each fund's shareholders. The Board noted that approval of the Amended Contracts would not change the fund's portfolio manager, the investment processes, the level or nature of services provided, the resources and personnel allocated or trading and compliance operations. The Board concluded that the nature, extent, and quality of services to be provided to each fund under the Amended Contracts will continue to benefit each fund's shareholders.Competitiveness of Management Fee and Total Expense Ratio. The Board considered that each fund does not pay FMR a management fee for investment advisory services and that FMR or an affiliate undertakes to pay all operating expenses of each fund with limited exceptions. Based on its review, the Board considered that each fund does not pay a management fee and concluded at its January 2020 meeting that each fund's total expense ratio was reasonable in light of the services that each fund receives and the other factors considered.Costs of the Services and Profitability. The Board considered that it previously reviewed information regarding the level of Fidelity's profits in respect of all Fidelity funds. Because each fund pays no advisory fees and FMR or an affiliate bears all expenses of each fund, with limited exceptions, the Board did not consider the costs and services provided by and the profits realized by Fidelity in connection with the operation of each fund to be relevant in its decision to approve the Amended Contract.Economies of Scale. The Board did not consider the realization of economies of scale to be a material factor in its decision to approve the Amended Contracts because each fund pays no advisory fees and FMR will continue to bear all expenses of each fund with certain limited exceptions.Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory and sub-advisory fee arrangements are fair and reasonable, and that each fund's Amended Contract should be approved.Proxy Voting Results
A special meeting of shareholders was held on June 9, 2020. The results of votes taken among shareholders on the proposals before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting.
PROPOSAL 1
To elect a Board of Trustees.
# of Votes | % of Votes | |
Dennis J. Dirks | ||
Affirmative | 153,310,852,719.993 | 94.554 |
Withheld | 8,830,820,397.844 | 5.446 |
TOTAL | 162,141,673,117.837 | 100.000 |
Donald F. Donahue | ||
Affirmative | 153,409,297,334.631 | 94.614 |
Withheld | 8,732,375,783.206 | 5.386 |
TOTAL | 162,141,673,117.837 | 100.000 |
Bettina Doulton | ||
Affirmative | 154,057,198,754.144 | 95.014 |
Withheld | 8,084,474,363.693 | 4.986 |
TOTAL | 162,141,673,117.837 | 100.000 |
Vicki L. Fuller | ||
Affirmative | 154,419,985,979.903 | 95.238 |
Withheld | 7,721,687,137.934 | 4.762 |
TOTAL | 162,141,673,117.837 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 153,773,968,211.778 | 94.839 |
Withheld | 8,367,704,906.059 | 5.161 |
TOTAL | 162,141,673,117.837 | 100.000 |
Alan J. Lacy | ||
Affirmative | 152,412,406,811.772 | 94.000 |
Withheld | 9,729,266,306.065 | 6.000 |
TOTAL | 162,141,673,117.837 | 100.000 |
Ned C. Lautenbach | ||
Affirmative | 151,421,801,314.429 | 93.389 |
Withheld | 10,719,871,803.408 | 6.611 |
TOTAL | 162,141,673,117.837 | 100.000 |
Robert A. Lawrence | ||
Affirmative | 152,467,970,401.411 | 94.034 |
Withheld | 9,673,702,716.426 | 5.966 |
TOTAL | 162,141,673,117.837 | 100.000 |
Joseph Mauriello | ||
Affirmative | 152,391,361,586.517 | 93.987 |
Withheld | 9,750,311,531.320 | 6.013 |
TOTAL | 162,141,673,117.837 | 100.000 |
Cornelia M. Small | ||
Affirmative | 153,101,624,672.870 | 94.425 |
Withheld | 9,040,048,444.967 | 5.575 |
TOTAL | 162,141,673,117.837 | 100.000 |
Garnett A. Smith | ||
Affirmative | 152,502,318,423.900 | 94.055 |
Withheld | 9,639,354,693.937 | 5.945 |
TOTAL | 162,141,673,117.837 | 100.000 |
David M. Thomas | ||
Affirmative | 152,608,626,434.284 | 94.121 |
Withheld | 9,533,046,683.553 | 5.879 |
TOTAL | 162,141,673,117.837 | 100.000 |
Susan Tomasky | ||
Affirmative | 153,605,526,235.885 | 94.735 |
Withheld | 8,536,146,881.952 | 5.265 |
TOTAL | 162,141,673,117.837 | 100.000 |
Michael E. Wiley | ||
Affirmative | 152,567,303,629.801 | 94.095 |
Withheld | 9,574,369,488.036 | 5.905 |
TOTAL | 162,141,673,117.837 | 100.000 |
PROPOSAL 2
To convert a fundamental investment policy to a non-fundamental investment policy.
# of Votes | % of Votes | |
Affirmative | 372,523,266.327 | 68.230 |
Against | 75,977,805.915 | 13.916 |
Abstain | 97,481,434.610 | 17.854 |
Broker Non-Vote | 0.000 | 0.000 |
TOTAL | 545,982,506.852 | 100.000 |
Proposal 1 reflects trust wide proposal and voting results. |
EML-ANN-1220
1.9891446.102
Item 2.
Code of Ethics
As of the end of the period, October 31, 2020, Fidelity Concord Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Joseph Mauriello is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Mauriello is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Series International Index Fund, Fidelity ZERO Extended Market Index Fund, Fidelity ZERO International Index Fund, Fidelity ZERO Large Cap Index Fund and Fidelity ZERO Total Market Index Fund (the “Fund(s)”):
Services Billed by Deloitte Entities
October 31, 2020 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Series International Index Fund | $57,000 | $- | $9,500 | $1,300 |
Fidelity ZERO Extended Market Index Fund | $61,100 | $- | $7,400 | $1,400 |
Fidelity ZERO International Index Fund | $51,400 | $- | $9,100 | $1,200 |
Fidelity ZERO Large Cap Index Fund | $42,400 | $- | $7,700 | $1,000 |
Fidelity ZERO Total Market Index Fund | $38,600 | $- | $7,200 | $900 |
October 31, 2019 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Series International Index Fund | $60,000 | $100 | $6,200 | $1,500 |
Fidelity ZERO Extended Market Index Fund | $64,000 | $100 | $4,800 | $1,600 |
Fidelity ZERO International Index Fund | $55,000 | $100 | $6,000 | $1,400 |
Fidelity ZERO Large Cap Index Fund | $45,000 | $100 | $4,800 | $1,100 |
Fidelity ZERO Total Market Index Fund | $41,000 | $100 | $4,800 | $1,000 |
A Amounts may reflect rounding.
The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
October 31, 2020A | October 31, 2019A | |
Audit-Related Fees | $- | $290,000 |
Tax Fees | $- | $5,000 |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | October 31, 2020A | October 31, 2019A |
Deloitte Entities | $548,300 | $610,000 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(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.
Purchase 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 were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information
relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’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) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
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.
Fidelity Concord Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | December 18, 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/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | December 18, 2020 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | December 18, 2020 |