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, MA 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: | February 28 |
Date of reporting period: | August 31, 2021 |
Item 1.
Reports to Stockholders
Fidelity® Total Market Index Fund
Fidelity® Extended Market Index Fund
Fidelity® International Index Fund
Semi-Annual Report
August 31, 2021
Contents
Fidelity® Total Market Index Fund | |
Fidelity® Extended Market Index Fund | |
Fidelity® International Index Fund | |
Board Approval of Investment Advisory Contracts and Management Fees |
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.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Fidelity and any related funds.
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). A fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index or indices.
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. © 2021 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 COVID-19 emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and corporate earnings. On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread. The pandemic prompted a number of measures to limit the spread of COVID-19, 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. To help stem the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.
In general, the overall impact of the pandemic lessened in 2021, amid a resilient economy and widespread distribution of three COVID-19 vaccines granted emergency use authorization from the U.S. Food and Drug Administration (FDA) early in the year. Still, the situation remains dynamic, and the extent and duration of its influence on financial markets and the economy is highly uncertain, due in part to a recent spike in cases based on highly contagious variants of the coronavirus.
Extreme events such as the COVID-19 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 continue to take extra steps to be responsive to customer needs. We encourage you to visit us online, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Fidelity® Total Market Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of August 31, 2021
% of fund's net assets | |
Apple, Inc. | 5.1 |
Microsoft Corp. | 4.9 |
Amazon.com, Inc. | 3.2 |
Facebook, Inc. Class A | 2.0 |
Alphabet, Inc. Class A | 1.9 |
Alphabet, Inc. Class C | 1.8 |
Tesla, Inc. | 1.2 |
NVIDIA Corp. | 1.2 |
Berkshire Hathaway, Inc. Class B | 1.2 |
JPMorgan Chase & Co. | 1.1 |
23.6 |
Top Market Sectors as of August 31, 2021
% of fund's net assets | |
Information Technology | 27.0 |
Health Care | 13.5 |
Consumer Discretionary | 11.8 |
Financials | 11.7 |
Communication Services | 10.5 |
Industrials | 9.1 |
Consumer Staples | 5.2 |
Real Estate | 3.4 |
Materials | 2.8 |
Utilities | 2.4 |
Fidelity® Total Market Index Fund
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.8% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 10.5% | |||
Diversified Telecommunication Services - 1.0% | |||
Anterix, Inc. (a)(b) | 19,312 | $1,139,794 | |
AST SpaceMobile, Inc. (a)(b) | 79,690 | 984,172 | |
AT&T, Inc. | 11,333,366 | 310,760,896 | |
ATN International, Inc. | 17,036 | 776,671 | |
Bandwidth, Inc. (a)(b) | 37,243 | 3,832,305 | |
Cincinnati Bell, Inc. (a) | 90,584 | 1,403,146 | |
Cogent Communications Group, Inc. | 66,520 | 4,828,022 | |
Consolidated Communications Holdings, Inc. (a) | 110,609 | 1,025,345 | |
Globalstar, Inc. (a)(b) | 1,067,098 | 2,123,525 | |
IDT Corp. Class B (a) | 31,682 | 1,377,533 | |
Iridium Communications, Inc. (a) | 186,035 | 8,280,418 | |
Liberty Global PLC: | |||
Class A (a) | 196,087 | 5,635,540 | |
Class C (a) | 573,133 | 16,609,394 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 54,858 | 782,275 | |
Class C (a) | 264,040 | 3,799,536 | |
Lumen Technologies, Inc. | 1,592,464 | 19,587,307 | |
Ooma, Inc. (a) | 31,427 | 597,113 | |
ORBCOMM, Inc. (a) | 132,576 | 1,523,298 | |
Radius Global Infrastructure, Inc. (a) | 103,101 | 1,843,446 | |
Verizon Communications, Inc. | 6,579,196 | 361,855,780 | |
748,765,516 | |||
Entertainment - 1.7% | |||
Activision Blizzard, Inc. | 1,231,908 | 101,472,262 | |
AMC Entertainment Holdings, Inc. Class A (a)(b) | 796,523 | 37,540,129 | |
Ballantyne of Omaha, Inc. (a) | 23,510 | 78,759 | |
Chicken Soup For The Soul Entertainment, Inc. (a) | 8,474 | 205,579 | |
Cinedigm Corp. (a) | 129,604 | 243,656 | |
Cinemark Holdings, Inc. (a)(b) | 166,755 | 2,973,242 | |
CuriosityStream, Inc. Class A (a)(b) | 37,463 | 468,288 | |
Dolphin Entertainment, Inc. (a)(b) | 7,242 | 97,839 | |
Electronic Arts, Inc. | 453,840 | 65,902,106 | |
Gaia, Inc. Class A (a)(b) | 15,337 | 149,842 | |
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 157,767 | 2,038,350 | |
Class B (a) | 119,348 | 1,403,532 | |
Live Nation Entertainment, Inc. (a) | 228,602 | 19,819,793 | |
LiveXLive Media, Inc. (a)(b) | 69,111 | 237,051 | |
Madison Square Garden Entertainment Corp. (a) | 39,034 | 3,130,136 | |
Madison Square Garden Sports Corp. (a) | 28,500 | 5,152,230 | |
Marcus Corp. (a)(b) | 41,151 | 641,956 | |
Motorsport Games, Inc. Class A (b) | 2,616 | 28,174 | |
Netflix, Inc. (a) | 704,439 | 400,959,634 | |
Playtika Holding Corp. | 108,982 | 2,876,035 | |
Reading International, Inc. Class A (a) | 27,398 | 140,826 | |
Roku, Inc. Class A (a) | 182,869 | 64,443,036 | |
Sciplay Corp. (A Shares) (a) | 39,902 | 746,566 | |
Skillz, Inc. (a)(b) | 406,553 | 4,785,129 | |
Take-Two Interactive Software, Inc. (a) | 183,613 | 29,602,088 | |
The Walt Disney Co. (a) | 2,889,048 | 523,784,402 | |
Warner Music Group Corp. Class A | 147,063 | 5,588,394 | |
World Wrestling Entertainment, Inc. Class A | 76,178 | 3,969,636 | |
Zynga, Inc. (a) | 1,597,287 | 14,135,990 | |
1,292,614,660 | |||
Interactive Media & Services - 6.2% | |||
Alphabet, Inc.: | |||
Class A (a) | 477,287 | 1,381,244,714 | |
Class C (a) | 453,655 | 1,319,791,272 | |
Angi, Inc. (a) | 120,975 | 1,287,174 | |
Autoweb, Inc. (a)(b) | 6,653 | 17,830 | |
Bumble, Inc. (b) | 85,637 | 4,667,217 | |
CarGurus, Inc. Class A (a) | 142,795 | 4,338,112 | |
Cars.com, Inc. (a) | 110,752 | 1,408,765 | |
DHI Group, Inc. (a) | 99,689 | 449,597 | |
Eventbrite, Inc. (a) | 114,588 | 2,025,916 | |
EverQuote, Inc. Class A (a)(b) | 14,318 | 281,921 | |
Facebook, Inc. Class A (a) | 3,809,817 | 1,445,368,373 | |
fuboTV, Inc. (a)(b) | 160,811 | 4,687,641 | |
IAC (a) | 131,740 | 17,396,267 | |
Izea Worldwide, Inc. (a) | 76,210 | 187,477 | |
Kubient, Inc. (b) | 10,430 | 37,027 | |
Liberty TripAdvisor Holdings, Inc. (a) | 107,591 | 402,390 | |
Match Group, Inc. (a) | 428,800 | 58,934,272 | |
MediaAlpha, Inc. Class A | 32,872 | 729,101 | |
Pinterest, Inc. Class A (a) | 868,087 | 48,239,595 | |
QuinStreet, Inc. (a) | 76,551 | 1,371,028 | |
Snap, Inc. Class A (a) | 1,489,529 | 113,368,052 | |
Super League Gaming, Inc. (a) | 30,818 | 130,977 | |
Travelzoo, Inc. (a) | 7,598 | 92,772 | |
TripAdvisor, Inc. (a) | 151,891 | 5,316,185 | |
TrueCar, Inc. (a) | 153,372 | 644,162 | |
Twitter, Inc. (a) | 1,265,878 | 81,649,131 | |
Vimeo, Inc. (a) | 248,101 | 9,457,610 | |
Yelp, Inc. (a) | 108,283 | 4,169,978 | |
Zedge, Inc. (a)(b) | 20,075 | 313,973 | |
Zillow Group, Inc.: | |||
Class A (a) | 94,771 | 9,060,108 | |
Class C (a)(b) | 221,118 | 21,176,471 | |
Zoominfo Technologies, Inc. (a) | 287,157 | 18,719,765 | |
4,556,964,873 | |||
Media - 1.4% | |||
Advantage Solutions, Inc. Class A (a) | 170,835 | 1,487,973 | |
Altice U.S.A., Inc. Class A (a) | 367,673 | 10,088,947 | |
AMC Networks, Inc. Class A (a)(b) | 49,102 | 2,333,818 | |
Audacy, Inc. Class A (a) | 191,452 | 679,655 | |
Boston Omaha Corp. (a)(b) | 27,653 | 988,595 | |
Cable One, Inc. | 8,712 | 18,291,628 | |
Cardlytics, Inc. (a)(b) | 51,205 | 4,648,390 | |
Cbdmd, Inc. (a)(b) | 50,529 | 108,637 | |
Charter Communications, Inc. Class A (a) | 218,688 | 178,593,742 | |
Clear Channel Outdoor Holdings, Inc. (a) | 709,950 | 1,867,169 | |
Comcast Corp. Class A | 7,291,792 | 442,465,939 | |
comScore, Inc. (a) | 92,260 | 357,969 | |
Cumulus Media, Inc. (a) | 23,165 | 273,579 | |
Daily Journal Corp. (a) | 2,118 | 720,120 | |
DallasNews Corp. | 3,909 | 27,363 | |
Digital Media Solutions, Inc. Class A (a)(b) | 25,067 | 196,275 | |
Discovery Communications, Inc.: | |||
Class A (a) | 264,430 | 7,626,161 | |
Class C (non-vtg.) (a) | 479,760 | 13,236,578 | |
DISH Network Corp. Class A (a) | 393,312 | 17,144,470 | |
E.W. Scripps Co. Class A | 95,768 | 1,775,539 | |
Emerald Holding, Inc. (a) | 42,037 | 209,344 | |
Entravision Communication Corp. Class A | 94,991 | 662,087 | |
Fluent, Inc. (a)(b) | 74,191 | 201,800 | |
Fox Corp.: | |||
Class A | 652,366 | 24,424,583 | |
Class B | 102,891 | 3,563,115 | |
Gannett Co., Inc. (a)(b) | 219,560 | 1,394,206 | |
Gray Television, Inc. | 143,029 | 3,252,479 | |
Hemisphere Media Group, Inc. (a) | 19,748 | 243,295 | |
iHeartMedia, Inc. (a) | 182,236 | 4,534,032 | |
Insignia Systems, Inc. (a) | 507 | 4,061 | |
Interpublic Group of Companies, Inc. | 623,524 | 23,213,799 | |
John Wiley & Sons, Inc. Class A (b) | 70,134 | 4,074,785 | |
Lee Enterprises, Inc. (a) | 8,452 | 203,355 | |
Liberty Broadband Corp.: | |||
Class A (a) | 20,845 | 3,872,376 | |
Class C (a) | 270,299 | 51,713,605 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 24,095 | 626,470 | |
Liberty Braves Class C (a) | 62,805 | 1,623,509 | |
Liberty Formula One Group Series C (a) | 331,816 | 16,769,981 | |
Liberty Media Class A (a) | 32,992 | 1,507,404 | |
Liberty SiriusXM Series A (a) | 18,042 | 893,079 | |
Liberty SiriusXM Series C (a) | 381,626 | 18,833,243 | |
Loral Space & Communications Ltd. | 20,010 | 840,620 | |
Magnite, Inc. (a) | 211,052 | 6,124,729 | |
Marchex, Inc. Class B (a) | 35,256 | 116,345 | |
Mediaco Holding, Inc. (a)(b) | 178 | 1,511 | |
Meredith Corp. (a) | 64,439 | 2,771,521 | |
National CineMedia, Inc. | 107,997 | 276,472 | |
News Corp.: | |||
Class A | 686,147 | 15,417,723 | |
Class B | 124,438 | 2,741,369 | |
Nexstar Broadcasting Group, Inc. Class A | 67,568 | 10,118,308 | |
Omnicom Group, Inc. | 342,875 | 25,105,308 | |
Saga Communications, Inc. Class A | 7,361 | 171,732 | |
Salem Communications Corp. Class A (a)(b) | 7,646 | 22,326 | |
Scholastic Corp. | 50,277 | 1,671,207 | |
Sinclair Broadcast Group, Inc. Class A | 77,434 | 2,323,794 | |
Sirius XM Holdings, Inc. (b) | 1,825,984 | 11,448,920 | |
Stagwell, Inc. (a) | 94,948 | 662,737 | |
TechTarget, Inc. (a)(b) | 37,197 | 3,146,122 | |
Tegna, Inc. | 354,232 | 6,276,991 | |
The New York Times Co. Class A | 231,054 | 11,732,922 | |
Thryv Holdings, Inc. (a) | 9,509 | 294,684 | |
Townsquare Media, Inc. (a) | 7,785 | 100,115 | |
Urban One, Inc.: | |||
Class A (a)(b) | 5,499 | 43,607 | |
Class D (non-vtg.) (a) | 38,819 | 270,180 | |
ViacomCBS, Inc.: | |||
Class A | 48,672 | 2,237,939 | |
Class B | 919,257 | 38,103,203 | |
WideOpenWest, Inc. (a) | 83,183 | 1,765,143 | |
1,008,518,683 | |||
Wireless Telecommunication Services - 0.2% | |||
Gogo, Inc. (a) | 77,671 | 1,044,675 | |
NII Holdings, Inc. (a)(c) | 149,032 | 323,399 | |
Shenandoah Telecommunications Co. | 78,495 | 2,341,506 | |
Spok Holdings, Inc. | 30,552 | 302,770 | |
T-Mobile U.S., Inc. (a) | 932,020 | 127,705,380 | |
Telephone & Data Systems, Inc. | 152,977 | 3,108,493 | |
U.S. Cellular Corp. (a) | 28,689 | 916,614 | |
135,742,837 | |||
TOTAL COMMUNICATION SERVICES | 7,742,606,569 | ||
CONSUMER DISCRETIONARY - 11.8% | |||
Auto Components - 0.3% | |||
Adient PLC (a) | 146,604 | 5,767,401 | |
American Axle & Manufacturing Holdings, Inc. (a) | 183,058 | 1,623,724 | |
Aptiv PLC (a) | 428,401 | 65,198,348 | |
Autoliv, Inc. | 124,205 | 10,978,480 | |
BorgWarner, Inc. | 384,890 | 16,427,105 | |
Cooper-Standard Holding, Inc. (a) | 28,839 | 671,372 | |
Dana, Inc. | 229,930 | 5,348,172 | |
Dorman Products, Inc. (a) | 45,778 | 4,296,723 | |
Fox Factory Holding Corp. (a) | 66,986 | 10,293,739 | |
Garrett Motion, Inc. (a) | 44,058 | 307,525 | |
Gentex Corp. | 382,740 | 11,788,392 | |
Gentherm, Inc. (a) | 54,198 | 4,651,272 | |
Horizon Global Corp. (a) | 37,011 | 286,835 | |
LCI Industries | 39,913 | 5,654,076 | |
Lear Corp. | 86,585 | 13,848,405 | |
Luminar Technologies, Inc. (a)(b) | 312,146 | 5,425,097 | |
Modine Manufacturing Co. (a) | 80,051 | 995,834 | |
Motorcar Parts of America, Inc. (a) | 28,082 | 556,585 | |
Patrick Industries, Inc. | 36,284 | 2,961,137 | |
QuantumScape Corp. Class A (a)(b) | 274,729 | 6,044,038 | |
Standard Motor Products, Inc. | 32,227 | 1,382,216 | |
Stoneridge, Inc. (a) | 42,614 | 992,906 | |
Strattec Security Corp. (a) | 4,907 | 183,031 | |
Superior Industries International, Inc. (a) | 42,371 | 312,698 | |
Sypris Solutions, Inc. (a)(b) | 11,882 | 45,270 | |
Tenneco, Inc. (a) | 101,428 | 1,582,277 | |
The Goodyear Tire & Rubber Co. (a) | 445,120 | 7,050,701 | |
Veoneer, Inc. (a)(b) | 149,474 | 5,351,169 | |
Visteon Corp. (a) | 43,244 | 4,570,026 | |
XL Fleet Corp. (Class A) (a)(b) | 182,493 | 1,240,952 | |
XPEL, Inc. (a)(b) | 26,707 | 2,029,198 | |
197,864,704 | |||
Automobiles - 1.5% | |||
Arcimoto, Inc. (a)(b) | 43,176 | 536,246 | |
AYRO, Inc. (a)(b) | 34,158 | 141,073 | |
Canoo, Inc. (a)(b) | 248,033 | 1,788,318 | |
Fisker, Inc. (a)(b) | 254,330 | 3,547,904 | |
Ford Motor Co. (a) | 6,216,214 | 80,997,268 | |
General Motors Co. (a) | 2,030,851 | 99,532,008 | |
Harley-Davidson, Inc. | 240,636 | 9,512,341 | |
Lordstown Motors Corp. Class A (a)(b) | 175,501 | 1,154,797 | |
Tesla, Inc. (a) | 1,225,385 | 901,540,252 | |
Thor Industries, Inc. | 87,774 | 9,956,205 | |
Winnebago Industries, Inc. | 53,073 | 3,694,942 | |
Workhorse Group, Inc. (a)(b) | 171,092 | 1,678,413 | |
1,114,079,767 | |||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 69,840 | 3,212,640 | |
Educational Development Corp. | 4,042 | 39,127 | |
Funko, Inc. (a) | 36,933 | 736,444 | |
Genuine Parts Co. | 228,392 | 27,907,218 | |
LKQ Corp. (a) | 442,889 | 23,335,821 | |
Pool Corp. | 63,785 | 31,528,926 | |
Weyco Group, Inc. | 9,583 | 220,122 | |
86,980,298 | |||
Diversified Consumer Services - 0.1% | |||
2U, Inc. (a)(b) | 116,907 | 4,329,066 | |
Adtalem Global Education, Inc. (a) | 77,585 | 2,870,645 | |
American Public Education, Inc. (a) | 28,012 | 736,716 | |
Aspen Group, Inc. (a) | 21,363 | 122,837 | |
Bright Horizons Family Solutions, Inc. (a) | 96,930 | 14,128,517 | |
Carriage Services, Inc. | 23,992 | 1,109,150 | |
Chegg, Inc. (a) | 226,689 | 18,865,059 | |
Coursera, Inc. | 30,892 | 1,188,415 | |
Frontdoor, Inc. (a) | 135,535 | 5,912,037 | |
Graham Holdings Co. | 6,298 | 3,884,669 | |
Grand Canyon Education, Inc. (a) | 73,149 | 6,520,502 | |
H&R Block, Inc. | 291,850 | 7,485,953 | |
Houghton Mifflin Harcourt Co. (a)(b) | 205,437 | 2,767,236 | |
Laureate Education, Inc. Class A (a) | 166,012 | 2,644,571 | |
Lincoln Educational Services Corp. (a) | 31,176 | 199,838 | |
OneSpaWorld Holdings Ltd. (a)(b) | 80,572 | 846,006 | |
Perdoceo Education Corp. (a) | 108,375 | 1,189,958 | |
Regis Corp. (a)(b) | 39,837 | 215,917 | |
Select Interior Concepts, Inc. (a) | 30,016 | 428,028 | |
Service Corp. International | 265,225 | 16,645,521 | |
StoneMor, Inc. (a) | 184,598 | 535,334 | |
Strategic Education, Inc. | 39,911 | 3,124,233 | |
Stride, Inc. (a) | 69,044 | 2,364,067 | |
Terminix Global Holdings, Inc. (a) | 208,335 | 8,672,986 | |
Universal Technical Institute, Inc. (a) | 46,086 | 321,219 | |
Vivint Smart Home, Inc. Class A (a)(b) | 79,191 | 966,130 | |
WW International, Inc. (a) | 74,936 | 1,622,364 | |
Xpresspa Group, Inc. (a)(b) | 140,249 | 262,266 | |
Zovio, Inc. (a) | 36,795 | 94,931 | |
110,054,171 | |||
Hotels, Restaurants & Leisure - 2.0% | |||
Accel Entertainment, Inc. (a) | 93,729 | 1,079,758 | |
Airbnb, Inc. Class A | 234,726 | 36,380,183 | |
Allied Esports Entertainment, Inc. (a)(b) | 25,037 | 50,324 | |
ARAMARK Holdings Corp. | 401,561 | 13,970,307 | |
Bally's Corp. (a) | 46,457 | 2,334,000 | |
BBQ Holdings, Inc. (a) | 10,380 | 138,884 | |
Biglari Holdings, Inc. (a) | 174 | 153,938 | |
Biglari Holdings, Inc. (a) | 1,764 | 308,435 | |
BJ's Restaurants, Inc.(a) | 37,258 | 1,593,152 | |
Bloomin' Brands, Inc. (a) | 130,439 | 3,494,461 | |
Bluegreen Vacations Holding Corp. Class A (a) | 30,107 | 689,149 | |
Booking Holdings, Inc. (a) | 65,174 | 149,878,693 | |
Boyd Gaming Corp. (a) | 128,788 | 7,903,720 | |
Brinker International, Inc. (a) | 71,650 | 3,816,796 | |
BurgerFi International, Inc. (a)(b) | 21,228 | 218,224 | |
Caesars Entertainment, Inc. (a) | 330,193 | 33,557,515 | |
Carnival Corp. (a) | 1,264,754 | 30,531,162 | |
Carrols Restaurant Group, Inc. | 60,237 | 249,984 | |
Century Casinos, Inc. (a) | 39,038 | 521,938 | |
Chipotle Mexican Grill, Inc. (a) | 44,678 | 85,036,978 | |
Choice Hotels International, Inc. | 47,170 | 5,630,211 | |
Churchill Downs, Inc. | 55,383 | 11,658,122 | |
Chuy's Holdings, Inc. (a)(b) | 33,724 | 1,087,936 | |
Cracker Barrel Old Country Store, Inc. | 37,077 | 5,323,516 | |
Darden Restaurants, Inc. | 206,902 | 31,169,786 | |
Dave & Buster's Entertainment, Inc. (a) | 72,960 | 2,730,163 | |
Del Taco Restaurants, Inc. | 63,136 | 555,597 | |
Denny's Corp. (a) | 103,084 | 1,705,009 | |
Dine Brands Global, Inc. (a) | 28,616 | 2,367,116 | |
Domino's Pizza, Inc. | 61,610 | 31,845,593 | |
Dover Motorsports, Inc. | 48,350 | 127,161 | |
DraftKings, Inc. Class A (a)(b) | 513,601 | 30,451,403 | |
Drive Shack, Inc. (a) | 119,769 | 326,969 | |
El Pollo Loco Holdings, Inc. (a) | 26,883 | 487,658 | |
Esports Entertainment Group, Inc. (a)(b) | 23,795 | 212,489 | |
Esports Technologies, Inc. (a)(b) | 3,383 | 109,914 | |
Everi Holdings, Inc. (a) | 137,467 | 3,127,374 | |
Expedia, Inc. (a) | 225,571 | 32,595,010 | |
Fiesta Restaurant Group, Inc. (a)(b) | 35,860 | 430,679 | |
Full House Resorts, Inc. (a) | 46,836 | 401,853 | |
GAN Ltd. (a)(b) | 21,553 | 368,556 | |
Golden Entertainment, Inc. (a) | 31,438 | 1,500,221 | |
Golden Nugget Online Gaming, Inc. (a) | 78,948 | 1,705,277 | |
Good Times Restaurants, Inc. (a) | 5,599 | 30,067 | |
Hall of Fame Resort & Entertainment Co. (a) | 89,097 | 299,366 | |
Hilton Grand Vacations, Inc. (a) | 138,458 | 6,049,230 | |
Hilton Worldwide Holdings, Inc. (a) | 442,705 | 55,276,146 | |
Hyatt Hotels Corp. Class A (a) | 57,908 | 4,261,450 | |
Inspired Entertainment, Inc. (a)(b) | 21,990 | 279,933 | |
J. Alexanders Holdings, Inc. (a) | 14,499 | 201,826 | |
Jack in the Box, Inc. | 35,134 | 3,722,799 | |
Kura Sushi U.S.A., Inc. Class A (a) | 5,622 | 285,654 | |
Las Vegas Sands Corp. (a) | 520,722 | 23,229,408 | |
Lindblad Expeditions Holdings (a) | 44,975 | 661,582 | |
Luby's, Inc. (a) | 10,306 | 42,048 | |
Marriott International, Inc. Class A (a) | 424,165 | 57,321,658 | |
Marriott Vacations Worldwide Corp. (a) | 70,991 | 10,616,704 | |
McDonald's Corp. | 1,185,269 | 281,453,977 | |
MGM Resorts International | 645,537 | 27,512,787 | |
Monarch Casino & Resort, Inc. (a) | 20,944 | 1,327,221 | |
Nathan's Famous, Inc. | 6,187 | 408,528 | |
Noodles & Co. (a) | 50,229 | 632,383 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 606,244 | 15,665,345 | |
Papa John's International, Inc. | 51,783 | 6,603,886 | |
Penn National Gaming, Inc. (a) | 235,869 | 19,128,976 | |
Planet Fitness, Inc. (a) | 132,483 | 10,770,868 | |
Playa Hotels & Resorts NV (a) | 165,365 | 1,208,818 | |
PlayAGS, Inc. (a) | 60,755 | 497,583 | |
Potbelly Corp. (a) | 36,935 | 255,221 | |
Rave Restaurant Group, Inc. (a) | 6,403 | 8,132 | |
RCI Hospitality Holdings, Inc. | 12,368 | 799,096 | |
Red Robin Gourmet Burgers, Inc. (a) | 25,958 | 635,452 | |
Red Rock Resorts, Inc. (a) | 109,460 | 5,123,823 | |
Royal Caribbean Cruises Ltd. (a) | 344,785 | 28,524,063 | |
Rush Street Interactive, Inc. (a) | 87,753 | 1,305,765 | |
Ruth's Hospitality Group, Inc. (a)(b) | 49,781 | 1,020,013 | |
Scientific Games Corp. Class A (a) | 90,005 | 6,511,862 | |
SeaWorld Entertainment, Inc. (a) | 80,311 | 3,950,498 | |
Shake Shack, Inc. Class A (a) | 56,788 | 4,926,359 | |
Six Flags Entertainment Corp. (a) | 121,554 | 5,134,441 | |
Starbucks Corp. | 1,872,484 | 219,998,145 | |
Target Hospitality Corp. (a) | 59,831 | 238,127 | |
Texas Roadhouse, Inc. Class A | 103,811 | 9,862,045 | |
The Cheesecake Factory, Inc. (a) | 71,375 | 3,329,644 | |
The ONE Group Hospitality, Inc. (a)(b) | 28,961 | 322,915 | |
Travel+Leisure Co. | 142,715 | 7,815,073 | |
Vail Resorts, Inc. (a) | 63,784 | 19,444,552 | |
Wendy's Co. | 277,871 | 6,396,590 | |
Wingstop, Inc. | 47,163 | 8,108,735 | |
Wyndham Hotels & Resorts, Inc. | 147,576 | 10,728,775 | |
Wynn Resorts Ltd. (a) | 166,538 | 16,935,249 | |
Yum! Brands, Inc. | 473,567 | 62,051,484 | |
1,488,739,516 | |||
Household Durables - 0.5% | |||
Aterian, Inc. (a)(b) | 21,866 | 130,321 | |
Bassett Furniture Industries, Inc. | 12,880 | 276,791 | |
Beazer Homes U.S.A., Inc. (a) | 48,298 | 903,656 | |
Casper Sleep, Inc. (a) | 34,292 | 170,774 | |
Cavco Industries, Inc. (a) | 13,634 | 3,483,487 | |
Century Communities, Inc. | 45,755 | 3,207,426 | |
Comstock Holding Companies, Inc. (a)(b) | 1,055 | 6,319 | |
Cricut, Inc. (a)(b) | 29,848 | 832,759 | |
D.R. Horton, Inc. | 519,644 | 49,688,359 | |
Dixie Group, Inc. (a)(b) | 7,832 | 32,111 | |
Dream Finders Homes, Inc. (b) | 16,965 | 352,872 | |
Emerson Radio Corp. (a) | 16,730 | 19,909 | |
Ethan Allen Interiors, Inc. | 37,945 | 911,439 | |
Flexsteel Industries, Inc. | 18,067 | 630,900 | |
Garmin Ltd. | 237,775 | 41,475,093 | |
GoPro, Inc. Class A (a)(b) | 212,582 | 2,119,443 | |
Green Brick Partners, Inc. (a) | 80,012 | 1,999,500 | |
Hamilton Beach Brands Holding Co. Class A | 10,452 | 177,684 | |
Helen of Troy Ltd. (a) | 38,373 | 9,178,438 | |
Hooker Furniture Corp. | 18,614 | 580,012 | |
Hovnanian Enterprises, Inc. Class A (a) | 7,272 | 790,539 | |
Installed Building Products, Inc. | 36,513 | 4,534,184 | |
iRobot Corp. (a)(b) | 44,313 | 3,594,671 | |
KB Home | 137,042 | 5,896,917 | |
Koss Corp. (a)(b) | 5,153 | 94,558 | |
La-Z-Boy, Inc. | 74,632 | 2,612,866 | |
Landsea Homes Corp. (a) | 14,492 | 127,385 | |
Legacy Housing Corp. (a) | 9,579 | 187,748 | |
Leggett & Platt, Inc. | 211,161 | 10,218,081 | |
Lennar Corp.: | |||
Class A | 416,945 | 44,742,368 | |
Class B | 47,782 | 4,181,881 | |
LGI Homes, Inc. (a) | 35,878 | 5,752,320 | |
Lifetime Brands, Inc. | 15,102 | 277,122 | |
Live Ventures, Inc. (a) | 1,880 | 84,243 | |
Lovesac (a)(b) | 16,591 | 938,387 | |
M.D.C. Holdings, Inc. | 91,120 | 4,761,020 | |
M/I Homes, Inc. (a) | 46,618 | 3,001,733 | |
Meritage Homes Corp. (a) | 60,516 | 6,749,955 | |
Mohawk Industries, Inc. (a) | 92,686 | 18,329,583 | |
New Home Co., Inc. (a) | 12,535 | 112,439 | |
Newell Brands, Inc. | 602,077 | 15,298,777 | |
Nova LifeStyle, Inc. (a)(b) | 3,687 | 8,738 | |
NVR, Inc. (a) | 5,431 | 28,132,254 | |
PulteGroup, Inc. | 418,177 | 22,523,013 | |
Purple Innovation, Inc. (a) | 94,675 | 2,310,070 | |
Skyline Champion Corp. (a) | 82,657 | 5,184,247 | |
Sonos, Inc. (a) | 156,868 | 6,232,366 | |
Taylor Morrison Home Corp. (a) | 203,999 | 5,730,332 | |
Tempur Sealy International, Inc. | 296,349 | 13,246,800 | |
Toll Brothers, Inc. | 177,150 | 11,348,229 | |
TopBuild Corp. (a) | 52,556 | 11,498,727 | |
TRI Pointe Homes, Inc. (a) | 189,351 | 4,500,873 | |
Tupperware Brands Corp. (a)(b) | 76,280 | 1,820,804 | |
Universal Electronics, Inc. (a) | 23,102 | 1,167,113 | |
Vizio Holding Corp. (a)(b) | 24,290 | 495,759 | |
VOXX International Corp. (a) | 27,867 | 291,767 | |
Vuzix Corp. (a)(b) | 84,100 | 1,112,643 | |
Whirlpool Corp. | 99,220 | 21,980,207 | |
ZAGG, Inc. rights (a)(c) | 43,858 | 3,947 | |
386,051,959 | |||
Internet & Direct Marketing Retail - 3.5% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 39,271 | 1,247,247 | |
1847 Goedeker, Inc. (b) | 168,222 | 501,302 | |
Amazon.com, Inc. (a) | 681,628 | 2,365,787,646 | |
Blue Apron Holdings, Inc. Class A (a)(b) | 20,436 | 85,014 | |
CarParts.com, Inc. (a)(b) | 54,785 | 946,137 | |
Chewy, Inc. (a)(b) | 135,892 | 11,974,803 | |
ContextLogic, Inc. (b) | 149,741 | 1,079,633 | |
Doordash, Inc. | 56,049 | 10,727,779 | |
Duluth Holdings, Inc. (a) | 15,571 | 242,285 | |
eBay, Inc. | 1,026,669 | 78,786,579 | |
Etsy, Inc. (a) | 202,325 | 43,754,805 | |
Groupon, Inc. (a)(b) | 35,364 | 875,966 | |
iMedia Brands, Inc. (a) | 24,675 | 147,063 | |
Lands' End, Inc. (a) | 28,406 | 961,543 | |
Liquidity Services, Inc. (a) | 40,743 | 994,129 | |
Overstock.com, Inc. (a)(b) | 68,032 | 4,908,509 | |
PetMed Express, Inc. (b) | 33,067 | 910,665 | |
Porch Group, Inc. Class A (a)(b) | 118,909 | 2,378,180 | |
Poshmark, Inc. | 30,731 | 896,731 | |
PubMatic, Inc. (b) | 12,185 | 355,193 | |
Quotient Technology, Inc. (a) | 129,357 | 939,132 | |
Qurate Retail, Inc. Series A | 593,641 | 6,547,860 | |
Remark Holdings, Inc. (a) | 139,324 | 183,908 | |
Revolve Group, Inc. (a) | 55,356 | 3,180,756 | |
RumbleON, Inc. Class B (a) | 3,876 | 133,528 | |
Shutterstock, Inc. | 35,005 | 4,034,676 | |
Stamps.com, Inc. (a) | 29,185 | 9,598,947 | |
Stitch Fix, Inc. (a) | 105,662 | 4,428,294 | |
The RealReal, Inc. (a) | 92,286 | 1,148,038 | |
thredUP, Inc. (a) | 28,672 | 549,642 | |
Waitr Holdings, Inc. (a) | 137,727 | 180,422 | |
Wayfair LLC Class A (a)(b) | 117,127 | 32,883,405 | |
2,591,369,817 | |||
Leisure Products - 0.2% | |||
Acushnet Holdings Corp. | 55,361 | 2,765,836 | |
American Outdoor Brands, Inc. (a) | 21,630 | 601,963 | |
AMMO, Inc. | 125,401 | 921,697 | |
Brunswick Corp. | 123,433 | 11,956,955 | |
Callaway Golf Co. (a) | 185,914 | 5,216,747 | |
Clarus Corp. | 34,795 | 942,597 | |
Escalade, Inc. | 10,156 | 234,604 | |
Genius Brands International, Inc. (a)(b) | 425,203 | 710,089 | |
Hasbro, Inc. | 203,684 | 20,024,174 | |
Hayward Holdings, Inc. (b) | 70,813 | 1,483,532 | |
JAKKS Pacific, Inc. (a) | 11,881 | 176,552 | |
Johnson Outdoors, Inc. Class A | 12,012 | 1,378,857 | |
Latham Group, Inc. (a)(b) | 35,725 | 784,878 | |
Malibu Boats, Inc. Class A (a) | 32,668 | 2,339,029 | |
Marine Products Corp. | 48,018 | 680,895 | |
MasterCraft Boat Holdings, Inc. (a) | 30,461 | 759,697�� | |
Mattel, Inc. (a) | 555,543 | 11,860,843 | |
Nautilus, Inc. (a)(b) | 46,138 | 525,973 | |
Peloton Interactive, Inc. Class A (a) | 426,896 | 42,770,710 | |
Polaris, Inc. | 91,942 | 11,010,974 | |
Smith & Wesson Brands, Inc. | 86,572 | 2,088,982 | |
Sturm, Ruger & Co., Inc. | 27,008 | 2,111,756 | |
Vinco Ventures, Inc. (a)(b) | 20,581 | 167,735 | |
Vista Outdoor, Inc. (a) | 90,430 | 3,694,066 | |
YETI Holdings, Inc. (a) | 120,071 | 11,927,853 | |
137,136,994 | |||
Multiline Retail - 0.5% | |||
Big Lots, Inc. | 54,004 | 2,627,835 | |
Dillard's, Inc. Class A (b) | 12,272 | 2,337,325 | |
Dollar General Corp. | 374,778 | 83,541,764 | |
Dollar Tree, Inc. (a) | 367,549 | 33,277,886 | |
Franchise Group, Inc. | 42,510 | 1,476,372 | |
Kohl's Corp. | 247,623 | 14,213,560 | |
Macy's, Inc. | 493,553 | 11,050,652 | |
Nordstrom, Inc. (a) | 171,278 | 4,900,264 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 89,985 | 6,513,114 | |
Target Corp. | 786,970 | 194,365,851 | |
354,304,623 | |||
Specialty Retail - 2.3% | |||
Abercrombie & Fitch Co. Class A (a) | 103,189 | 3,690,039 | |
Academy Sports & Outdoors, Inc. | 61,045 | 2,702,462 | |
Advance Auto Parts, Inc. | 103,327 | 20,959,882 | |
America's Car Mart, Inc. (a) | 10,463 | 1,353,180 | |
American Eagle Outfitters, Inc. (b) | 234,232 | 7,148,761 | |
Arko Corp. (a) | 126,616 | 1,309,209 | |
Asbury Automotive Group, Inc. (a) | 30,939 | 5,762,079 | |
AutoNation, Inc. (a) | 85,327 | 9,308,322 | |
AutoZone, Inc. (a) | 34,279 | 53,103,313 | |
Barnes & Noble Education, Inc. (a) | 70,687 | 576,806 | |
Bath & Body Works, Inc. | 419,826 | 28,329,858 | |
Bed Bath & Beyond, Inc. (a)(b) | 175,186 | 4,824,622 | |
Best Buy Co., Inc. | 353,585 | 41,196,188 | |
Big 5 Sporting Goods Corp. | 32,469 | 902,638 | |
Blink Charging Co. (a)(b) | 46,770 | 1,516,751 | |
Boot Barn Holdings, Inc. (a) | 47,052 | 4,200,803 | |
Build-A-Bear Workshop, Inc. (a) | 23,020 | 429,093 | |
Burlington Stores, Inc. (a) | 105,710 | 31,659,088 | |
Caleres, Inc. | 68,876 | 1,693,661 | |
Camping World Holdings, Inc. | 61,209 | 2,444,687 | |
CarLotz, Inc. Class A (a)(b) | 137,648 | 565,733 | |
CarMax, Inc. (a) | 258,105 | 32,317,327 | |
Carvana Co. Class A (a)(b) | 102,506 | 33,628,118 | |
Chico's FAS, Inc. (a) | 202,946 | 1,049,231 | |
Citi Trends, Inc. (a) | 15,082 | 1,299,163 | |
Conn's, Inc. (a) | 29,861 | 734,581 | |
Designer Brands, Inc. Class A (a) | 88,802 | 1,287,629 | |
Dick's Sporting Goods, Inc. | 103,653 | 14,595,379 | |
Envela Corp. (a) | 402 | 1,700 | |
Express, Inc. (a) | 96,752 | 573,739 | |
Five Below, Inc. (a) | 88,994 | 18,938,813 | |
Floor & Decor Holdings, Inc. Class A (a) | 167,218 | 20,617,979 | |
Foot Locker, Inc. | 162,760 | 9,226,864 | |
GameStop Corp. Class A (a)(b) | 87,775 | 19,156,016 | |
Gap, Inc. | 328,142 | 8,771,236 | |
Genesco, Inc. (a) | 26,115 | 1,619,913 | |
Group 1 Automotive, Inc. | 26,596 | 4,400,042 | |
GrowGeneration Corp. (a)(b) | 81,406 | 2,604,178 | |
Guess?, Inc. | 66,366 | 1,605,394 | |
Haverty Furniture Companies, Inc. (b) | 27,351 | 974,516 | |
Hibbett, Inc. | 25,777 | 2,466,601 | |
J.Jill, Inc. (a)(b) | 3,463 | 68,533 | |
JOANN, Inc. | 13,717 | 188,060 | |
Kirkland's, Inc. (a)(b) | 25,171 | 481,270 | |
Lazydays Holdings, Inc. (a) | 12,717 | 312,457 | |
Leslie's, Inc. (b) | 149,880 | 3,615,106 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 47,409 | 15,706,602 | |
LMP Automotive Holdings, Inc. (a)(b) | 8,069 | 138,383 | |
Lowe's Companies, Inc. | 1,122,189 | 228,803,115 | |
Lumber Liquidators Holdings, Inc. (a)(b) | 44,262 | 923,305 | |
MarineMax, Inc. (a) | 35,375 | 1,719,933 | |
Monro, Inc. | 53,112 | 3,022,604 | |
Murphy U.S.A., Inc. | 39,982 | 6,208,405 | |
National Vision Holdings, Inc. (a) | 130,094 | 7,803,038 | |
O'Reilly Automotive, Inc. (a) | 110,776 | 65,809,806 | |
OneWater Marine, Inc. Class A | 15,654 | 633,830 | |
Party City Holdco, Inc. (a) | 171,416 | 1,167,343 | |
Penske Automotive Group, Inc. | 51,987 | 4,675,191 | |
Petco Health & Wellness Co., Inc. (b) | 112,357 | 2,419,046 | |
Rent-A-Center, Inc. | 105,130 | 6,631,600 | |
RH (a)(b) | 26,583 | 18,625,911 | |
Ross Stores, Inc. | 566,533 | 67,077,507 | |
Sally Beauty Holdings, Inc. (a) | 175,218 | 3,257,303 | |
Shift Technologies, Inc. Class A (a)(b) | 165,441 | 1,230,881 | |
Shoe Carnival, Inc. | 30,232 | 1,157,281 | |
Signet Jewelers Ltd. | 82,304 | 6,518,477 | |
Sleep Number Corp. (a)(b) | 38,662 | 3,576,622 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 37,371 | 1,888,730 | |
Sportsman's Warehouse Holdings, Inc. (a) | 71,936 | 1,276,145 | |
The Aaron's Co., Inc. | 54,327 | 1,440,752 | |
The Buckle, Inc. (b) | 46,567 | 1,803,540 | |
The Cato Corp. Class A (sub. vtg.) | 41,620 | 718,361 | |
The Children's Place Retail Stores, Inc. (a) | 24,987 | 2,169,871 | |
The Container Store Group, Inc. (a)(b) | 28,542 | 331,087 | |
The Home Depot, Inc. | 1,690,814 | 551,509,711 | |
The ODP Corp. (a) | 85,217 | 4,019,686 | |
Tilly's, Inc. | 36,368 | 566,250 | |
TJX Companies, Inc. | 1,914,401 | 139,215,241 | |
Tractor Supply Co. | 182,793 | 35,507,540 | |
TravelCenters of America LLC (a) | 22,255 | 934,042 | |
Ulta Beauty, Inc. (a) | 86,875 | 33,647,556 | |
Urban Outfitters, Inc. (a) | 108,681 | 3,588,647 | |
Victoria's Secret & Co. (a) | 140,094 | 9,288,232 | |
Vroom, Inc. (a)(b) | 55,561 | 1,492,368 | |
Williams-Sonoma, Inc. | 121,159 | 22,620,385 | |
Winmark Corp. | 4,695 | 984,213 | |
Zumiez, Inc. (a) | 31,449 | 1,263,935 | |
1,665,583,495 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Capri Holdings Ltd. (a) | 241,328 | 13,637,445 | |
Carter's, Inc. | 68,718 | 7,035,349 | |
Charles & Colvard Ltd. (a) | 34,272 | 98,018 | |
Columbia Sportswear Co. | 49,681 | 5,067,959 | |
Crocs, Inc. (a) | 102,822 | 14,685,038 | |
Crown Crafts, Inc. | 2,254 | 16,882 | |
Culp, Inc. | 14,133 | 186,132 | |
Deckers Outdoor Corp. (a) | 44,130 | 18,466,199 | |
Delta Apparel, Inc. (a) | 10,797 | 326,609 | |
Fossil Group, Inc. (a) | 73,749 | 988,237 | |
G-III Apparel Group Ltd. (a)(b) | 70,446 | 2,178,895 | |
Hanesbrands, Inc. | 558,849 | 10,439,299 | |
Kontoor Brands, Inc. | 74,861 | 4,039,500 | |
Lakeland Industries, Inc. (a) | 10,472 | 249,967 | |
Levi Strauss & Co. Class A | 127,633 | 3,345,261 | |
lululemon athletica, Inc. (a) | 188,045 | 75,249,968 | |
Movado Group, Inc. | 27,839 | 1,006,101 | |
NIKE, Inc. Class B | 2,028,690 | 334,206,391 | |
Oxford Industries, Inc. | 27,906 | 2,519,912 | |
PLBY Group, Inc. (a) | 31,183 | 774,898 | |
PVH Corp. (a) | 112,950 | 11,836,031 | |
Ralph Lauren Corp. | 76,349 | 8,866,409 | |
Rocky Brands, Inc. | 10,160 | 504,749 | |
Sequential Brands Group, Inc. (a)(b) | 1,459 | 7,485 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 215,639 | 10,874,675 | |
Steven Madden Ltd. | 120,378 | 4,871,698 | |
Superior Group of Companies, Inc. | 16,600 | 395,744 | |
Tapestry, Inc. | 442,431 | 17,838,818 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 341,429 | 7,900,667 | |
Class C (non-vtg.) (a) | 259,277 | 5,201,097 | |
Unifi, Inc. (a) | 23,352 | 542,700 | |
Vera Bradley, Inc. (a) | 33,550 | 384,483 | |
VF Corp. | 509,805 | 38,984,788 | |
Vince Holding Corp. (a) | 3,162 | 21,407 | |
Wolverine World Wide, Inc. | 134,660 | 4,828,908 | |
607,577,719 | |||
TOTAL CONSUMER DISCRETIONARY | 8,739,743,063 | ||
CONSUMER STAPLES - 5.2% | |||
Beverages - 1.2% | |||
Alkaline Water Co., Inc. (a)(b) | 127,625 | 238,659 | |
Boston Beer Co., Inc. Class A (a) | 14,781 | 8,428,274 | |
Brown-Forman Corp.: | |||
Class A | 74,968 | 4,962,882 | |
Class B (non-vtg.) | 305,089 | 21,423,350 | |
Celsius Holdings, Inc. (a) | 52,357 | 4,280,708 | |
Coca-Cola Bottling Co. Consolidated | 7,622 | 3,095,752 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 268,486 | 56,688,134 | |
Duckhorn Portfolio, Inc. (a)(b) | 43,897 | 943,347 | |
Keurig Dr. Pepper, Inc. | 921,593 | 32,873,222 | |
MGP Ingredients, Inc. | 20,436 | 1,334,471 | |
Molson Coors Beverage Co. Class B | 297,158 | 14,123,920 | |
Monster Beverage Corp. (a) | 588,763 | 57,445,606 | |
National Beverage Corp. (b) | 37,110 | 1,727,471 | |
Newage, Inc. (a)(b) | 192,160 | 338,202 | |
PepsiCo, Inc. | 2,191,462 | 342,722,742 | |
REED'S, Inc. (a)(b) | 103,117 | 68,934 | |
The Coca-Cola Co. | 6,167,736 | 347,305,214 | |
Willamette Valley Vineyards, Inc. (a) | 6,462 | 81,550 | |
898,082,438 | |||
Food & Staples Retailing - 1.2% | |||
Albertsons Companies, Inc. (b) | 70,943 | 2,153,829 | |
Andersons, Inc. | 49,516 | 1,504,296 | |
BJ's Wholesale Club Holdings, Inc. (a) | 218,454 | 12,377,604 | |
Casey's General Stores, Inc. | 58,280 | 11,921,757 | |
Chefs' Warehouse Holdings (a) | 53,535 | 1,618,363 | |
Costco Wholesale Corp. | 701,715 | 319,624,165 | |
Grocery Outlet Holding Corp. (a) | 138,195 | 3,597,216 | |
HF Foods Group, Inc. (a)(b) | 51,019 | 299,992 | |
Ingles Markets, Inc. Class A | 22,175 | 1,505,461 | |
Kroger Co. | 1,219,978 | 56,155,587 | |
Natural Grocers by Vitamin Cottage, Inc. | 14,534 | 175,716 | |
Performance Food Group Co. (a) | 215,414 | 10,818,091 | |
PriceSmart, Inc. | 35,704 | 3,020,915 | |
Rite Aid Corp. (a)(b) | 84,039 | 1,490,852 | |
SpartanNash Co. | 56,475 | 1,214,213 | |
Sprouts Farmers Market LLC (a) | 185,834 | 4,627,267 | |
Sysco Corp. | 814,359 | 64,863,694 | |
U.S. Foods Holding Corp. (a) | 355,864 | 12,099,376 | |
United Natural Foods, Inc. (a)(b) | 87,870 | 3,233,616 | |
Village Super Market, Inc. Class A (b) | 10,604 | 237,424 | |
Walgreens Boots Alliance, Inc. | 1,134,272 | 57,564,304 | |
Walmart, Inc. | 2,183,845 | 323,427,445 | |
Weis Markets, Inc. (b) | 28,274 | 1,610,204 | |
895,141,387 | |||
Food Products - 0.9% | |||
Alico, Inc. | 7,630 | 284,828 | |
AppHarvest, Inc. (a)(b) | 112,964 | 948,898 | |
Arcadia Biosciences, Inc. (a)(b) | 10,882 | 26,334 | |
Archer Daniels Midland Co. | 886,511 | 53,190,660 | |
B&G Foods, Inc. Class A (b) | 103,217 | 3,133,668 | |
Beyond Meat, Inc. (a)(b) | 79,029 | 9,455,030 | |
Bunge Ltd. | 223,563 | 16,925,955 | |
Cal-Maine Foods, Inc. (a)(b) | 61,762 | 2,233,314 | |
Calavo Growers, Inc. | 25,925 | 1,216,401 | |
Campbell Soup Co. (b) | 320,542 | 13,376,218 | |
Coffee Holding Co., Inc. (a)(b) | 10,373 | 51,554 | |
Conagra Brands, Inc. | 759,446 | 25,152,852 | |
Darling Ingredients, Inc. (a) | 258,485 | 19,257,133 | |
Farmer Brothers Co. (a) | 19,225 | 142,265 | |
Flowers Foods, Inc. | 308,143 | 7,435,491 | |
Fresh Del Monte Produce, Inc. | 48,021 | 1,578,930 | |
Freshpet, Inc. (a) | 69,507 | 8,906,627 | |
General Mills, Inc. | 964,719 | 55,770,405 | |
Hormel Foods Corp. (b) | 448,814 | 20,438,990 | |
Hostess Brands, Inc. Class A (a)(b) | 214,421 | 3,422,159 | |
Ingredion, Inc. | 106,923 | 9,394,255 | |
J&J Snack Foods Corp. | 24,991 | 4,092,526 | |
John B. Sanfilippo & Son, Inc. | 16,536 | 1,405,395 | |
Kellogg Co. | 396,254 | 25,019,478 | |
Laird Superfood, Inc. (b) | 5,131 | 102,261 | |
Lamb Weston Holdings, Inc. | 233,975 | 15,243,471 | |
Lancaster Colony Corp. | 32,415 | 5,745,235 | |
Landec Corp. (a) | 46,512 | 503,725 | |
Lifeway Foods, Inc. (a) | 1,384 | 7,612 | |
Limoneira Co. (b) | 21,703 | 357,014 | |
McCormick & Co., Inc. (non-vtg.) | 397,047 | 34,261,186 | |
Mission Produce, Inc. (b) | 13,809 | 286,399 | |
Mondelez International, Inc. | 2,229,317 | 138,373,706 | |
Pilgrim's Pride Corp. (a) | 80,215 | 2,233,186 | |
Post Holdings, Inc. (a) | 95,405 | 10,676,774 | |
RiceBran Technologies (a)(b) | 61,313 | 46,598 | |
S&W Seed Co. (a) | 9,599 | 26,781 | |
Sanderson Farms, Inc. | 31,789 | 6,246,539 | |
Seaboard Corp. | 457 | 1,944,352 | |
Seneca Foods Corp. Class A (a) | 11,293 | 553,018 | |
Tattooed Chef, Inc. (a)(b) | 69,948 | 1,480,799 | |
The Hain Celestial Group, Inc. (a) | 129,361 | 4,839,395 | |
The Hershey Co. | 234,198 | 41,616,985 | |
The J.M. Smucker Co. | 174,845 | 21,623,081 | |
The Kraft Heinz Co. | 1,024,758 | 36,881,040 | |
The Simply Good Foods Co. (a) | 133,189 | 4,744,192 | |
Tootsie Roll Industries, Inc. (b) | 29,864 | 945,196 | |
TreeHouse Foods, Inc. (a) | 89,042 | 3,336,404 | |
Tyson Foods, Inc. Class A | 468,098 | 36,755,055 | |
Utz Brands, Inc. Class A | 86,737 | 1,684,433 | |
Vital Farms, Inc. (a)(b) | 21,900 | 393,762 | |
Whole Earth Brands, Inc. Class A (a)(b) | 46,303 | 580,640 | |
654,348,205 | |||
Household Products - 1.1% | |||
Central Garden & Pet Co. (a) | 68,586 | 3,158,385 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 5,848 | 243,686 | |
Church & Dwight Co., Inc. | 391,537 | 32,755,985 | |
Colgate-Palmolive Co. | 1,346,052 | 104,924,753 | |
Energizer Holdings, Inc. | 93,152 | 3,664,600 | |
Kimberly-Clark Corp. | 536,586 | 73,946,917 | |
Ocean Bio-Chem, Inc. | 523 | 5,089 | |
Oil-Dri Corp. of America | 9,041 | 322,583 | |
Procter & Gamble Co. | 3,892,041 | 554,187,718 | |
Reynolds Consumer Products, Inc. | 83,102 | 2,350,125 | |
Spectrum Brands Holdings, Inc. | 61,914 | 4,833,007 | |
The Clorox Co. | 196,300 | 32,988,215 | |
WD-40 Co. (b) | 21,362 | 5,118,976 | |
818,500,039 | |||
Personal Products - 0.2% | |||
BellRing Brands, Inc. Class A (a) | 62,008 | 2,094,010 | |
Coty, Inc. Class A (a) | 465,392 | 4,546,880 | |
Cyanotech Corp. (a) | 1,622 | 5,126 | |
Edgewell Personal Care Co. | 85,655 | 3,623,207 | |
elf Beauty, Inc. (a) | 62,876 | 1,946,012 | |
Estee Lauder Companies, Inc. Class A | 367,926 | 125,275,124 | |
Guardion Health Sciences, Inc. (a)(b) | 21,495 | 26,654 | |
Herbalife Nutrition Ltd. (a) | 138,652 | 7,118,394 | |
Inter Parfums, Inc. | 28,479 | 2,065,867 | |
Lifemd, Inc. (a)(b) | 30,706 | 241,963 | |
LifeVantage Corp. (a) | 21,148 | 164,320 | |
Mannatech, Inc. | 422 | 14,053 | |
MediFast, Inc. | 18,479 | 4,211,364 | |
Natural Alternatives International, Inc. (a) | 1,931 | 30,394 | |
Natural Health Trends Corp. (b) | 15,505 | 103,573 | |
Nature's Sunshine Products, Inc. | 22,697 | 388,573 | |
Nu Skin Enterprises, Inc. Class A | 80,123 | 4,055,826 | |
Revlon, Inc. (a)(b) | 16,265 | 185,584 | |
Summer Infant, Inc. (a)(b) | 2,555 | 22,765 | |
The Beauty Health Co. (a) | 149,964 | 3,855,574 | |
The Honest Co., Inc. (b) | 44,122 | 449,162 | |
USANA Health Sciences, Inc. (a) | 18,350 | 1,780,501 | |
Veru, Inc. (a) | 88,157 | 786,360 | |
162,991,286 | |||
Tobacco - 0.6% | |||
22nd Century Group, Inc. (a) | 260,654 | 930,535 | |
Altria Group, Inc. | 2,937,558 | 147,553,538 | |
Philip Morris International, Inc. | 2,474,638 | 254,887,714 | |
Turning Point Brands, Inc. | 21,840 | 1,086,758 | |
Universal Corp. (b) | 39,521 | 1,999,763 | |
Vector Group Ltd. | 206,245 | 3,097,800 | |
409,556,108 | |||
TOTAL CONSUMER STAPLES | 3,838,619,463 | ||
ENERGY - 2.4% | |||
Energy Equipment & Services - 0.3% | |||
Archrock, Inc. | 221,194 | 1,698,770 | |
Aspen Aerogels, Inc. (a) | 44,213 | 1,934,319 | |
Baker Hughes Co. Class A | 1,152,142 | 26,245,795 | |
Bristow Group, Inc. (a) | 36,501 | 1,151,972 | |
Cactus, Inc. | 86,330 | 3,238,238 | |
Championx Corp. (a) | 299,800 | 6,994,334 | |
Core Laboratories NV (b) | 72,272 | 1,991,816 | |
Dawson Geophysical Co. (a) | 16,756 | 32,339 | |
DMC Global, Inc. (a) | 46,344 | 1,861,638 | |
Dril-Quip, Inc. (a) | 52,747 | 1,281,752 | |
ENGlobal Corp. (a)(b) | 22,963 | 49,370 | |
Enservco Corp. (a)(b) | 967 | 1,160 | |
Exterran Corp. (a) | 49,663 | 197,162 | |
Forum Energy Technologies, Inc. (a) | 6,537 | 125,837 | |
Frank's International NV (a)(b) | 204,296 | 588,372 | |
FTS International, Inc. Class A (a) | 14,763 | 327,886 | |
Geospace Technologies Corp. (a) | 18,281 | 178,240 | |
Gulf Island Fabrication, Inc. (a) | 16,117 | 70,592 | |
Halliburton Co. | 1,411,681 | 28,205,386 | |
Helix Energy Solutions Group, Inc. (a) | 222,819 | 837,799 | |
Helmerich & Payne, Inc. (b) | 171,933 | 4,628,436 | |
Independence Contract Drilling, Inc. (a) | 2,530 | 7,919 | |
ION Geophysical Corp. (a)(b) | 18,615 | 24,013 | |
KLX Energy Services Holdings, Inc. (a) | 7,463 | 47,465 | |
Liberty Oilfield Services, Inc. Class A (a) | 132,072 | 1,349,776 | |
Mammoth Energy Services, Inc. (a)(b) | 46,773 | 163,238 | |
MIND Technology, Inc. (a) | 16,422 | 33,337 | |
Nabors Industries Ltd. (a) | 11,119 | 937,776 | |
Natural Gas Services Group, Inc. (a) | 16,673 | 160,894 | |
NCS Multistage Holdings, Inc. (a) | 1,463 | 34,161 | |
Newpark Resources, Inc. (a) | 154,268 | 404,182 | |
Nextier Oilfield Solutions, Inc. (a) | 267,599 | 963,356 | |
Nine Energy Service, Inc. (a)(b) | 20,239 | 45,538 | |
NOV, Inc. (a) | 623,097 | 8,206,187 | |
Oceaneering International, Inc. (a) | 167,706 | 2,062,784 | |
Oil States International, Inc. (a) | 97,333 | 570,371 | |
Patterson-UTI Energy, Inc. | 309,541 | 2,402,038 | |
Profire Energy, Inc. (a) | 29,334 | 32,854 | |
ProPetro Holding Corp. (a) | 121,819 | 942,879 | |
Ranger Energy Services, Inc. Class A (a) | 3,186 | 23,353 | |
RPC, Inc. (a) | 97,866 | 374,827 | |
Schlumberger Ltd. | 2,218,241 | 62,199,478 | |
SEACOR Marine Holdings, Inc. (a)(b) | 36,271 | 155,603 | |
Select Energy Services, Inc. Class A (a) | 103,572 | 554,110 | |
Smart Sand, Inc. (a) | 29,122 | 71,058 | |
Solaris Oilfield Infrastructure, Inc. Class A | 51,951 | 385,996 | |
Superior Drilling Products, Inc. (a)(b) | 18,281 | 14,422 | |
TechnipFMC PLC (a) | 674,515 | 4,472,034 | |
TETRA Technologies, Inc. (a) | 184,288 | 597,093 | |
Tidewater, Inc. (a) | 63,015 | 724,673 | |
Transocean Ltd. (United States) (a)(b) | 925,086 | 3,293,306 | |
U.S. Silica Holdings, Inc. (a) | 118,181 | 1,037,629 | |
U.S. Well Services, Inc. (a)(b) | 32,438 | 26,560 | |
173,960,123 | |||
Oil, Gas & Consumable Fuels - 2.1% | |||
Adams Resources & Energy, Inc. | 5,219 | 157,666 | |
Aemetis, Inc. (a)(b) | 38,177 | 424,528 | |
Alto Ingredients, Inc. (a)(b) | 97,400 | 495,766 | |
Altus Midstream Co. | 5,123 | 333,917 | |
American Resources Corp. (a)(b) | 28,935 | 64,814 | |
Amplify Energy Corp. (a)(b) | 57,284 | 209,659 | |
Antero Midstream GP LP | 450,109 | 4,325,547 | |
Antero Resources Corp. (a) | 433,190 | 5,943,367 | |
APA Corp. | 603,034 | 11,747,102 | |
Arch Resources, Inc. (a) | 24,768 | 1,874,690 | |
Barnwell Industries, Inc. (a) | 2,008 | 4,940 | |
Battalion Oil Corp. (a) | 3,202 | 34,005 | |
Berry Corp. | 103,193 | 619,158 | |
Bonanza Creek Energy, Inc. | 28,264 | 1,098,904 | |
Brigham Minerals, Inc. Class A | 53,963 | 1,031,773 | |
Cabot Oil & Gas Corp. | 632,221 | 10,045,992 | |
Callon Petroleum Co. (a)(b) | 73,658 | 2,516,894 | |
Camber Energy, Inc. (a) | 1,375 | 690 | |
Centennial Resource Development, Inc. Class A (a)(b) | 298,555 | 1,522,631 | |
Centrus Energy Corp. Class A (a) | 14,033 | 405,694 | |
Cheniere Energy, Inc. | 368,002 | 32,185,455 | |
Chevron Corp. | 3,077,909 | 297,849,254 | |
Cimarex Energy Co. | 163,747 | 10,515,832 | |
Clean Energy Fuels Corp. (a)(b) | 182,225 | 1,445,044 | |
CNX Resources Corp. (a) | 338,275 | 3,842,804 | |
Comstock Resources, Inc. (a)(b) | 84,064 | 496,818 | |
ConocoPhillips Co. | 2,143,348 | 119,020,114 | |
CONSOL Energy, Inc. (a) | 51,003 | 1,164,398 | |
Contango Oil & Gas Co. (a)(b) | 199,857 | 725,481 | |
Continental Resources, Inc. | 100,040 | 3,929,571 | |
CVR Energy, Inc. | 47,964 | 690,682 | |
Delek U.S. Holdings, Inc. | 114,695 | 1,962,431 | |
Denbury, Inc. (a) | 78,325 | 5,508,597 | |
Devon Energy Corp. | 945,571 | 27,941,623 | |
Diamondback Energy, Inc. | 286,031 | 22,064,431 | |
Dorian LPG Ltd. | 50,344 | 665,548 | |
DT Midstream, Inc. | 153,790 | 7,146,621 | |
Earthstone Energy, Inc. (a) | 34,734 | 287,250 | |
EOG Resources, Inc. | 927,268 | 62,609,135 | |
Epsilon Energy Ltd. (a)(b) | 4,798 | 24,518 | |
EQT Corp. (a) | 441,156 | 8,086,389 | |
Equitrans Midstream Corp. | 639,387 | 5,581,849 | |
Evolution Petroleum Corp. | 44,969 | 187,521 | |
Exxon Mobil Corp. | 6,725,642 | 366,682,002 | |
Falcon Minerals Corp. | 69,442 | 308,322 | |
Gevo, Inc. (a)(b) | 292,321 | 1,821,160 | |
Goodrich Petroleum Corp. (a) | 18,445 | 299,731 | |
Green Plains, Inc. (a)(b) | 74,665 | 2,620,742 | |
Hallador Energy Co. (a) | 21,030 | 49,631 | |
Hess Corp. | 437,058 | 30,047,738 | |
HollyFrontier Corp. | 236,811 | 7,656,100 | |
Houston American Energy Corp. (a)(b) | 2,058 | 3,746 | |
International Seaways, Inc. | 66,704 | 1,147,309 | |
Kinder Morgan, Inc. | 3,088,920 | 50,256,728 | |
Kosmos Energy Ltd. (a) | 626,054 | 1,477,487 | |
Laredo Petroleum, Inc. (a)(b) | 13,824 | 746,911 | |
Magnolia Oil & Gas Corp. Class A | 236,222 | 3,703,961 | |
Marathon Oil Corp. | 1,239,422 | 14,563,209 | |
Marathon Petroleum Corp. | 1,016,774 | 60,264,195 | |
Matador Resources Co. | 175,694 | 5,051,203 | |
Meta Materials, Inc. (a)(b) | 94,545 | 439,634 | |
Murphy Oil Corp. (b) | 229,827 | 4,886,122 | |
NACCO Industries, Inc. Class A | 5,538 | 137,952 | |
New Fortress Energy, Inc. | 88,694 | 2,604,943 | |
Nextdecade Corp. (a) | 198,308 | 658,383 | |
Northern Oil & Gas, Inc. | 74,620 | 1,238,692 | |
Oasis Petroleum, Inc. | 33,608 | 2,910,117 | |
Occidental Petroleum Corp. | 1,336,021 | 34,322,379 | |
ONEOK, Inc. | 706,908 | 37,126,808 | |
Overseas Shipholding Group, Inc. (a) | 101,293 | 265,388 | |
Ovintiv, Inc. | 414,948 | 11,311,482 | |
Par Pacific Holdings, Inc. (a) | 70,672 | 1,165,381 | |
PBF Energy, Inc. Class A (a) | 150,245 | 1,562,548 | |
PDC Energy, Inc. | 160,269 | 6,691,231 | |
Peabody Energy Corp. (a) | 124,567 | 1,990,581 | |
Penn Virginia Corp. (a) | 21,818 | 451,633 | |
Phillips 66 Co. | 696,105 | 49,486,104 | |
Phx Minerals, Inc. Class A | 22,781 | 57,636 | |
Pioneer Natural Resources Co. | 369,587 | 55,316,086 | |
PrimeEnergy Corp. (a) | 89 | 4,457 | |
Range Resources Corp. (a) | 407,661 | 5,960,004 | |
Renewable Energy Group, Inc. (a) | 74,788 | 3,621,235 | |
Rex American Resources Corp. (a) | 8,974 | 760,636 | |
Riley Exploration Permian, Inc. (b) | 1,273 | 25,715 | |
Ring Energy, Inc. (a)(b) | 124,626 | 299,102 | |
SandRidge Energy, Inc. (a) | 51,200 | 455,680 | |
SilverBow Resources, Inc. (a) | 13,825 | 252,721 | |
SM Energy Co. | 176,375 | 3,368,763 | |
Southwestern Energy Co. (a) | 1,011,956 | 4,604,400 | |
Stabilis Solutions, Inc. (a) | 1,783 | 12,356 | |
Talos Energy, Inc. (a) | 47,408 | 587,859 | |
Targa Resources Corp. | 363,416 | 15,961,231 | |
Tellurian, Inc. (a)(b) | 322,224 | 1,027,895 | |
Texas Pacific Land Corp. | 12,297 | 16,720,723 | |
The Williams Companies, Inc. | 1,928,992 | 47,626,812 | |
U.S. Energy Corp. (a)(b) | 159 | 634 | |
Uranium Energy Corp. (a)(b) | 379,373 | 952,226 | |
VAALCO Energy, Inc. (a) | 66,191 | 162,168 | |
Valero Energy Corp. | 649,721 | 43,083,000 | |
Vertex Energy, Inc. (a)(b) | 42,965 | 323,956 | |
Vine Energy, Inc. Class A | 70,504 | 1,048,394 | |
W&T Offshore, Inc. (a) | 146,133 | 476,394 | |
Whiting Petroleum Corp. (a) | 61,484 | 2,886,674 | |
World Fuel Services Corp. | 101,570 | 3,286,805 | |
1,569,622,218 | |||
TOTAL ENERGY | 1,743,582,341 | ||
FINANCIALS - 11.7% | |||
Banks - 4.3% | |||
1st Constitution Bancorp | 12,298 | 275,598 | |
1st Source Corp. | 26,739 | 1,256,733 | |
ACNB Corp. | 13,074 | 376,662 | |
Allegiance Bancshares, Inc. | 31,930 | 1,186,838 | |
Altabancorp | 24,847 | 1,031,647 | |
Amalgamated Financial Corp. | 38,284 | 595,316 | |
Amerant Bancorp, Inc. Class A (a) | 38,591 | 1,025,363 | |
American National Bankshares, Inc. | 20,045 | 685,138 | |
Ameris Bancorp | 109,905 | 5,411,722 | |
Ames National Corp. | 10,393 | 243,300 | |
Arrow Financial Corp. | 21,439 | 790,027 | |
Associated Banc-Corp. | 245,797 | 5,068,334 | |
Atlantic Capital Bancshares, Inc. (a) | 42,760 | 1,036,075 | |
Atlantic Union Bankshares Corp. | 120,733 | 4,467,121 | |
Auburn National Bancorp., Inc. | 4,890 | 167,972 | |
Banc of California, Inc. | 69,214 | 1,243,776 | |
BancFirst Corp. | 30,870 | 1,746,007 | |
Bancorp, Inc., Delaware (a)(b) | 89,358 | 2,203,568 | |
BancorpSouth Bank | 148,548 | 4,356,913 | |
Bank First National Corp. | 9,550 | 678,050 | |
Bank of America Corp. | 11,990,052 | 500,584,671 | |
Bank of Commerce Holdings | 20,467 | 291,859 | |
Bank of Hawaii Corp. | 62,681 | 5,253,295 | |
Bank of Marin Bancorp | 23,833 | 862,755 | |
Bank of South Carolina Corp. | 520 | 10,790 | |
Bank OZK | 190,540 | 8,084,612 | |
BankFinancial Corp. | 24,120 | 279,792 | |
BankUnited, Inc. | 144,087 | 6,055,977 | |
Bankwell Financial Group, Inc. | 14,320 | 430,889 | |
Banner Corp. | 57,055 | 3,263,546 | |
Bar Harbor Bankshares | 21,082 | 577,647 | |
BayCom Corp. (a) | 21,291 | 368,547 | |
BCB Bancorp, Inc. | 16,139 | 239,987 | |
Berkshire Hills Bancorp, Inc. | 82,194 | 2,106,632 | |
Blue Ridge Bankshares, Inc. (b) | 60,637 | 1,076,307 | |
BOK Financial Corp. | 47,474 | 4,180,086 | |
Brookline Bancorp, Inc., Delaware | 128,696 | 1,926,579 | |
Bryn Mawr Bank Corp. | 32,182 | 1,313,026 | |
Business First Bancshares, Inc. | 27,291 | 652,801 | |
Byline Bancorp, Inc. | 39,282 | 966,337 | |
C & F Financial Corp. | 3,911 | 209,395 | |
Cadence Bancorp Class A | 200,285 | 4,308,130 | |
California Bancorp, Inc. (a) | 5,512 | 95,633 | |
Cambridge Bancorp | 9,633 | 825,933 | |
Camden National Corp. | 24,222 | 1,130,441 | |
Capital Bancorp, Inc. | 18,695 | 443,445 | |
Capital City Bank Group, Inc. | 19,094 | 442,790 | |
Capstar Financial Holdings, Inc. | 24,053 | 506,075 | |
Carter Bankshares, Inc. (a) | 39,560 | 482,236 | |
Cathay General Bancorp | 118,685 | 4,721,289 | |
CB Financial Services, Inc. | 5,665 | 131,428 | |
CBTX, Inc. | 31,753 | 864,317 | |
Central Pacific Financial Corp. | 48,171 | 1,219,208 | |
Central Valley Community Bancorp | 22,607 | 491,476 | |
Century Bancorp, Inc. Class A (non-vtg.) | 5,679 | 649,280 | |
Chemung Financial Corp. | 5,246 | 243,834 | |
ChoiceOne Financial Services, Inc. | 8,388 | 205,758 | |
CIT Group, Inc. | 158,169 | 8,765,726 | |
Citigroup, Inc. | 3,281,412 | 235,966,337 | |
Citizens & Northern Corp. | 25,247 | 633,447 | |
Citizens Community Bancorp, Inc. | 4,317 | 60,265 | |
Citizens Financial Group, Inc. | 670,633 | 29,367,019 | |
Citizens Holding Co. | 306 | 5,432 | |
City Holding Co. | 27,257 | 2,123,320 | |
Civista Bancshares, Inc. | 27,243 | 640,755 | |
CNB Financial Corp., Pennsylvania | 25,514 | 627,134 | |
Coastal Financial Corp. of Washington (a)(b) | 15,353 | 450,918 | |
Codorus Valley Bancorp, Inc. (b) | 17,470 | 386,961 | |
Colony Bankcorp, Inc. | 9,980 | 185,528 | |
Columbia Banking Systems, Inc. | 117,223 | 4,262,228 | |
Comerica, Inc. | 219,765 | 16,242,831 | |
Commerce Bancshares, Inc. | 166,698 | 11,788,883 | |
Community Bank System, Inc. | 88,923 | 6,580,302 | |
Community Bankers Trust Corp. | 33,248 | 372,710 | |
Community Financial Corp. | 6,525 | 233,334 | |
Community Trust Bancorp, Inc. | 27,110 | 1,129,403 | |
Community West Bancshares | 639 | 8,435 | |
ConnectOne Bancorp, Inc. | 55,514 | 1,588,256 | |
Cortland Bancorp | 180 | 4,858 | |
County Bancorp, Inc. | 7,793 | 283,198 | |
CrossFirst Bankshares, Inc. (a) | 90,504 | 1,196,463 | |
Cullen/Frost Bankers, Inc. | 88,356 | 10,092,022 | |
Customers Bancorp, Inc. (a) | 49,497 | 2,049,671 | |
CVB Financial Corp. | 208,541 | 4,245,895 | |
Dime Community Bancshares, Inc. | 92,313 | 3,046,329 | |
Eagle Bancorp Montana, Inc. | 4,689 | 103,814 | |
Eagle Bancorp, Inc. | 47,223 | 2,724,767 | |
East West Bancorp, Inc. | 226,148 | 16,585,694 | |
Eastern Bankshares, Inc. | 296,253 | 5,859,884 | |
Emclaire Financial Corp. | 238 | 6,402 | |
Enterprise Bancorp, Inc. | 10,967 | 370,136 | |
Enterprise Financial Services Corp. | 57,467 | 2,580,843 | |
Equity Bancshares, Inc. (a) | 23,831 | 764,498 | |
Esquire Financial Holdings, Inc. (a) | 9,982 | 259,532 | |
Evans Bancorp, Inc. | 7,119 | 278,709 | |
Farmers & Merchants Bancorp, Inc. | 13,108 | 298,338 | |
Farmers National Banc Corp. | 47,802 | 745,711 | |
FB Financial Corp. | 53,261 | 2,193,821 | |
Fidelity D & D Bancorp, Inc. | 5,673 | 306,058 | |
Fifth Third Bancorp | 1,112,911 | 43,247,721 | |
Financial Institutions, Inc. | 21,673 | 688,334 | |
First Bancorp, North Carolina | 48,134 | 2,010,076 | |
First Bancorp, Puerto Rico | 346,471 | 4,410,576 | |
First Bancshares, Inc. | 31,646 | 1,282,296 | |
First Bank Hamilton New Jersey | 17,697 | 235,724 | |
First Busey Corp. | 80,065 | 1,897,541 | |
First Business Finance Services, Inc. | 8,017 | 227,202 | |
First Capital, Inc. (b) | 5,994 | 254,146 | |
First Citizens Bancshares, Inc. (b) | 11,508 | 10,330,732 | |
First Commonwealth Financial Corp. | 159,996 | 2,163,146 | |
First Community Bankshares, Inc. | 21,968 | 686,280 | |
First Community Corp. | 13,413 | 273,223 | |
First Financial Bancorp, Ohio | 157,860 | 3,711,289 | |
First Financial Bankshares, Inc. | 254,306 | 12,110,052 | |
First Financial Corp., Indiana | 19,546 | 790,245 | |
First Financial Northwest, Inc. | 3,993 | 65,046 | |
First Foundation, Inc. | 63,597 | 1,528,236 | |
First Guaranty Bancshares, Inc. | 363 | 6,890 | |
First Hawaiian, Inc. | 204,496 | 5,707,483 | |
First Horizon National Corp. | 872,415 | 14,298,882 | |
First Internet Bancorp | 13,430 | 399,140 | |
First Interstate Bancsystem, Inc. | 57,304 | 2,524,814 | |
First Merchants Corp. | 88,585 | 3,645,273 | |
First Mid-Illinois Bancshares, Inc. | 24,706 | 1,010,475 | |
First Midwest Bancorp, Inc., Delaware | 170,940 | 3,201,706 | |
First National Corp. | 284 | 5,987 | |
First Northwest Bancorp | 20,578 | 387,690 | |
First of Long Island Corp. | 34,934 | 740,601 | |
First Republic Bank | 279,765 | 55,656,449 | |
First Savings Financial Group, Inc. | 2,434 | 211,807 | |
First United Corp. | 6,102 | 112,399 | |
First Western Financial, Inc. (a) | 10,890 | 294,683 | |
Five Star Bancorp | 9,306 | 222,227 | |
Flushing Financial Corp. | 42,344 | 970,948 | |
FNB Corp., Pennsylvania | 502,187 | 5,865,544 | |
FNCM Bancorp, Inc. | 19,280 | 150,962 | |
Franklin Financial Services Corp. | 7,585 | 240,520 | |
Fulton Financial Corp. | 259,700 | 4,116,245 | |
FVCBankcorp, Inc. (a) | 20,878 | 412,967 | |
German American Bancorp, Inc. | 38,770 | 1,448,447 | |
Glacier Bancorp, Inc. | 153,109 | 8,154,585 | |
Great Southern Bancorp, Inc. | 19,976 | 1,088,093 | |
Great Western Bancorp, Inc. | 88,343 | 2,735,099 | |
Guaranty Bancshares, Inc. Texas | 16,206 | 556,190 | |
Hancock Whitney Corp. | 135,055 | 6,207,128 | |
Hanmi Financial Corp. | 52,122 | 1,004,912 | |
HarborOne Bancorp, Inc. | 87,577 | 1,237,463 | |
Hawthorn Bancshares, Inc. | 7,607 | 173,896 | |
HBT Financial, Inc. | 18,682 | 305,451 | |
Heartland Financial U.S.A., Inc. | 89,477 | 4,208,103 | |
Heritage Commerce Corp. | 92,495 | 1,042,419 | |
Heritage Financial Corp., Washington (b) | 58,219 | 1,481,674 | |
Hilltop Holdings, Inc. | 100,854 | 3,375,583 | |
Home Bancshares, Inc. | 242,188 | 5,364,464 | |
HomeTrust Bancshares, Inc. | 25,888 | 720,204 | |
Hope Bancorp, Inc. | 320,243 | 4,416,151 | |
Horizon Bancorp, Inc. Indiana | 69,865 | 1,247,090 | |
Howard Bancorp, Inc. (a) | 24,716 | 491,848 | |
Huntington Bancshares, Inc. | 2,336,211 | 36,281,357 | |
Independent Bank Corp. | 39,714 | 831,611 | |
Independent Bank Corp., Massachusetts | 52,921 | 4,059,041 | |
Independent Bank Group, Inc. | 57,936 | 4,080,432 | |
International Bancshares Corp. | 91,809 | 3,844,961 | |
Investar Holding Corp. | 17,521 | 394,047 | |
Investors Bancorp, Inc. | 339,404 | 4,856,871 | |
JPMorgan Chase & Co. | 4,813,048 | 769,847,028 | |
KeyCorp | 1,528,264 | 31,054,324 | |
Lakeland Bancorp, Inc. | 83,124 | 1,403,133 | |
Lakeland Financial Corp. (b) | 42,143 | 2,798,717 | |
Landmark Bancorp, Inc. | 1,904 | 52,703 | |
LCNB Corp. | 17,540 | 306,599 | |
Level One Bancorp, Inc. | 9,927 | 266,441 | |
Live Oak Bancshares, Inc. | 49,825 | 3,049,788 | |
M&T Bank Corp. | 203,123 | 28,439,251 | |
Macatawa Bank Corp. | 33,702 | 276,693 | |
Mackinac Financial Corp. | 9,259 | 195,920 | |
Mainstreet Bancshares, Inc. (a) | 12,877 | 300,678 | |
Malvern Bancorp, Inc. (a) | 4,574 | 84,482 | |
Mercantile Bank Corp. | 23,539 | 734,417 | |
Meridian Bank/Malvern, PA | 3,568 | 104,507 | |
Metrocity Bankshares, Inc. | 22,856 | 473,348 | |
Metropolitan Bank Holding Corp. (a) | 12,596 | 986,267 | |
Mid Penn Bancorp, Inc. | 10,648 | 283,130 | |
Middlefield Banc Corp. | 10,954 | 260,705 | |
Midland States Bancorp, Inc. | 31,243 | 790,448 | |
MidWestOne Financial Group, Inc. | 20,987 | 616,178 | |
MVB Financial Corp. | 16,558 | 654,703 | |
National Bank Holdings Corp. | 45,648 | 1,711,800 | |
National Bankshares, Inc. | 10,351 | 382,573 | |
NBT Bancorp, Inc. | 71,469 | 2,562,878 | |
Nicolet Bankshares, Inc. (a) | 15,863 | 1,212,092 | |
Northeast Bank | 10,980 | 359,485 | |
Northrim Bancorp, Inc. | 11,189 | 469,602 | |
Norwood Financial Corp. | 9,528 | 242,964 | |
Oak Valley Bancorp Oakdale California | 6,546 | 114,228 | |
OceanFirst Financial Corp. | 94,375 | 2,006,413 | |
OFG Bancorp | 85,671 | 2,039,827 | |
Ohio Valley Banc Corp. | 2,970 | 80,190 | |
Old National Bancorp, Indiana | 270,777 | 4,511,145 | |
Old Point Financial Corp. | 1,571 | 35,049 | |
Old Second Bancorp, Inc. | 33,430 | 393,137 | |
Origin Bancorp, Inc. | 32,658 | 1,343,877 | |
Orrstown Financial Services, Inc. | 17,921 | 427,595 | |
Pacific Mercantile Bancorp (a) | 23,933 | 210,850 | |
Pacific Premier Bancorp, Inc. | 152,779 | 6,105,049 | |
PacWest Bancorp | 186,368 | 7,929,958 | |
Park National Corp. | 22,705 | 2,661,934 | |
Parke Bancorp, Inc. | 12,173 | 249,790 | |
PCB Bancorp | 21,803 | 414,693 | |
Peapack-Gladstone Financial Corp. | 27,332 | 910,429 | |
Penns Woods Bancorp, Inc. | 11,259 | 267,176 | |
Peoples Bancorp of North Carolina | 5,200 | 146,640 | |
Peoples Bancorp, Inc. | 27,164 | 848,603 | |
Peoples Financial Services Corp. | 8,614 | 397,019 | |
Peoples United Financial, Inc. | 663,062 | 10,894,109 | |
Pinnacle Financial Partners, Inc. | 120,915 | 11,719,082 | |
Plumas Bancorp | 2,830 | 91,296 | |
PNC Financial Services Group, Inc. | 673,278 | 128,663,426 | |
Popular, Inc. | 134,016 | 10,177,175 | |
Preferred Bank, Los Angeles | 21,696 | 1,386,157 | |
Premier Financial Bancorp, Inc. | 22,021 | 396,598 | |
Primis Financial Corp. | 27,408 | 410,846 | |
Professional Holdings Corp. (A Shares) (a) | 18,961 | 364,999 | |
Prosperity Bancshares, Inc. | 148,493 | 10,376,691 | |
QCR Holdings, Inc. | 24,595 | 1,277,710 | |
RBB Bancorp | 15,932 | 410,090 | |
Red River Bancshares, Inc. | 5,460 | 273,874 | |
Regions Financial Corp. | 1,527,607 | 31,209,011 | |
Reliant Bancorp, Inc. | 17,943 | 520,347 | |
Renasant Corp. | 93,780 | 3,291,678 | |
Republic Bancorp, Inc., Kentucky Class A | 15,393 | 771,651 | |
Republic First Bancorp, Inc. (a) | 81,890 | 273,513 | |
Richmond Mutual Bancorp., Inc. | 20,641 | 315,394 | |
Riverview Financial Corp. (a) | 5,652 | 70,028 | |
S&T Bancorp, Inc. | 63,512 | 1,892,658 | |
Salisbury Bancorp, Inc. | 2,005 | 102,736 | |
Sandy Spring Bancorp, Inc. | 74,560 | 3,248,579 | |
SB Financial Group, Inc. | 4,868 | 88,938 | |
Seacoast Banking Corp., Florida | 88,793 | 2,836,048 | |
Select Bancorp, Inc. (a) | 33,142 | 548,832 | |
ServisFirst Bancshares, Inc. | 73,654 | 5,407,677 | |
Shore Bancshares, Inc. | 14,735 | 260,810 | |
Sierra Bancorp | 20,538 | 522,076 | |
Signature Bank | 91,723 | 23,786,526 | |
Silvergate Capital Corp. (a) | 32,395 | 3,659,987 | |
Simmons First National Corp. Class A | 174,890 | 5,080,555 | |
SmartFinancial, Inc. | 23,763 | 593,600 | |
Sound Financial Bancorp, Inc. (b) | 404 | 17,578 | |
South Plains Financial, Inc. | 9,135 | 211,932 | |
South State Corp. | 112,921 | 7,744,122 | |
Southern First Bancshares, Inc. (a) | 13,815 | 704,289 | |
Southside Bancshares, Inc. (b) | 52,721 | 1,987,054 | |
Spirit of Texas Bancshares, Inc. | 21,188 | 501,096 | |
Sterling Bancorp | 304,216 | 6,963,504 | |
Stock Yards Bancorp, Inc. | 34,128 | 1,760,322 | |
Summit Financial Group, Inc. | 14,847 | 355,437 | |
Summit State Bank | 418 | 6,395 | |
SVB Financial Group (a) | 93,123 | 52,102,319 | |
Synovus Financial Corp. | 234,093 | 10,089,408 | |
Texas Capital Bancshares, Inc. (a) | 78,211 | 5,317,566 | |
The Bank of Princeton | 13,350 | 407,175 | |
The First Bancorp, Inc. | 12,659 | 375,846 | |
Tompkins Financial Corp. | 19,976 | 1,589,890 | |
TowneBank | 104,629 | 3,188,046 | |
Trico Bancshares | 43,839 | 1,733,832 | |
TriState Capital Holdings, Inc. (a) | 41,984 | 848,497 | |
Triumph Bancorp, Inc. (a) | 38,327 | 3,151,246 | |
Truist Financial Corp. | 2,133,376 | 121,730,435 | |
Trustmark Corp. | 102,660 | 3,246,109 | |
U.S. Bancorp | 2,147,283 | 123,232,571 | |
UMB Financial Corp. | 67,817 | 6,210,681 | |
Umpqua Holdings Corp. | 339,391 | 6,607,943 | |
Union Bankshares, Inc. (b) | 1,567 | 51,946 | |
United Bancorp, Inc. | 496 | 7,514 | |
United Bancshares, Inc. | 425 | 12,665 | |
United Bankshares, Inc., West Virginia | 210,690 | 7,654,368 | |
United Community Bank, Inc. | 142,470 | 4,298,320 | |
United Security Bancshares, California | 17,486 | 143,385 | |
Unity Bancorp, Inc. | 8,532 | 194,956 | |
Univest Corp. of Pennsylvania | 49,540 | 1,341,543 | |
Valley National Bancorp | 713,929 | 9,309,634 | |
Veritex Holdings, Inc. | 77,139 | 2,771,604 | |
Virginia National Bank Corp. | 2,545 | 95,183 | |
Washington Trust Bancorp, Inc. | 25,196 | 1,341,939 | |
Webster Financial Corp. | 141,979 | 7,172,779 | |
Wells Fargo & Co. | 6,572,845 | 300,379,017 | |
WesBanco, Inc. | 103,697 | 3,525,698 | |
West Bancorp., Inc. (b) | 30,143 | 922,074 | |
Westamerica Bancorp. | 42,832 | 2,430,288 | |
Western Alliance Bancorp. | 165,085 | 16,105,693 | |
Wintrust Financial Corp. | 89,751 | 6,716,965 | |
Zions Bancorp NA | 262,376 | 15,191,570 | |
3,132,149,094 | |||
Capital Markets - 3.2% | |||
Affiliated Managers Group, Inc. | 67,270 | 11,443,300 | |
Ameriprise Financial, Inc. | 184,369 | 50,316,144 | |
Apollo Global Management LLC Class A (b) | 333,840 | 19,956,955 | |
Ares Management Corp. | 178,253 | 13,757,567 | |
Artisan Partners Asset Management, Inc. | 97,499 | 5,066,048 | |
Ashford, Inc. (a) | 2,235 | 36,878 | |
Assetmark Financial Holdings, Inc. (a) | 37,000 | 994,190 | |
Associated Capital Group, Inc. | 5,126 | 188,996 | |
B. Riley Financial, Inc. | 27,652 | 1,812,312 | |
Bank of New York Mellon Corp. | 1,282,406 | 70,814,459 | |
BGC Partners, Inc. Class A | 525,250 | 2,705,038 | |
BlackRock, Inc. Class A | 226,016 | 213,198,633 | |
Blucora, Inc. (a) | 80,680 | 1,323,959 | |
BrightSphere Investment Group, Inc. | 93,860 | 2,552,053 | |
Carlyle Group LP | 182,356 | 9,004,739 | |
Cboe Global Markets, Inc. | 169,306 | 21,357,952 | |
Charles Schwab Corp. | 2,387,943 | 173,961,648 | |
CME Group, Inc. | 570,298 | 115,040,513 | |
Cohen & Co., Inc. (b) | 486 | 10,901 | |
Cohen & Steers, Inc. | 39,970 | 3,505,769 | |
Coinbase Global, Inc. (a)(b) | 42,445 | 10,993,255 | |
Cowen Group, Inc. Class A | 44,103 | 1,589,472 | |
Diamond Hill Investment Group, Inc. | 5,542 | 1,014,352 | |
Donnelley Financial Solutions, Inc. (a) | 44,885 | 1,496,915 | |
Evercore, Inc. Class A | 65,529 | 9,150,470 | |
FactSet Research Systems, Inc. | 60,192 | 22,886,202 | |
Federated Hermes, Inc. | 144,121 | 4,875,613 | |
Focus Financial Partners, Inc. Class A (a) | 78,551 | 4,075,226 | |
Franklin Resources, Inc. | 427,825 | 13,878,643 | |
GAMCO Investors, Inc. Class A | 5,653 | 154,383 | |
GCM Grosvenor, Inc. Class A | 86,484 | 961,702 | |
Goldman Sachs Group, Inc. | 540,287 | 223,414,077 | |
Greenhill & Co., Inc. | 26,471 | 390,183 | |
Hamilton Lane, Inc. Class A | 51,444 | 4,427,785 | |
Heritage Global, Inc. (a) | 17,766 | 36,598 | |
Houlihan Lokey | 80,425 | 7,254,335 | |
Interactive Brokers Group, Inc. | 129,364 | 8,362,089 | |
Intercontinental Exchange, Inc. | 892,802 | 106,716,623 | |
Invesco Ltd. | 593,717 | 15,032,914 | |
Janus Henderson Group PLC | 271,270 | 11,762,267 | |
Jefferies Financial Group, Inc. | 320,352 | 11,840,210 | |
KKR & Co. LP | 925,362 | 59,491,523 | |
Lazard Ltd. Class A | 176,687 | 8,374,964 | |
LPL Financial | 126,957 | 18,770,592 | |
Manning & Napier, Inc. Class A | 15,374 | 149,282 | |
MarketAxess Holdings, Inc. | 60,335 | 28,714,633 | |
Moelis & Co. Class A | 95,979 | 5,945,899 | |
Moody's Corp. | 255,644 | 97,341,566 | |
Morgan Stanley | 2,364,405 | 246,914,814 | |
Morningstar, Inc. | 34,002 | 9,112,196 | |
MSCI, Inc. | 130,849 | 83,034,158 | |
NASDAQ, Inc. | 181,613 | 35,556,193 | |
Northern Trust Corp. | 330,632 | 39,186,505 | |
Open Lending Corp. (a) | 156,820 | 5,797,635 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 13,722 | 639,308 | |
Piper Jaffray Companies | 23,798 | 3,401,210 | |
PJT Partners, Inc. | 39,020 | 3,081,800 | |
Pzena Investment Management, Inc. | 24,334 | 265,484 | |
Raymond James Financial, Inc. | 192,830 | 26,976,917 | |
S&P Global, Inc. | 382,492 | 169,757,599 | |
Safeguard Scientifics, Inc. (a)(b) | 30,517 | 239,253 | |
Sculptor Capital Management, Inc. Class A | 34,842 | 986,029 | |
SEI Investments Co. | 188,668 | 11,850,237 | |
Siebert Financial Corp. (a)(b) | 8,951 | 34,103 | |
Silvercrest Asset Management Group Class A | 12,013 | 195,091 | |
State Street Corp. | 551,905 | 51,277,494 | |
StepStone Group, Inc. Class A | 41,159 | 1,970,281 | |
Stifel Financial Corp. | 168,232 | 11,624,831 | |
StoneX Group, Inc. (a) | 26,963 | 1,879,051 | |
T. Rowe Price Group, Inc. | 359,658 | 80,516,636 | |
The Blackstone Group LP | 1,089,446 | 136,976,046 | |
Tradeweb Markets, Inc. Class A | 168,594 | 14,669,364 | |
U.S. Global Investors, Inc. Class A | 16,788 | 106,100 | |
Victory Capital Holdings, Inc. | 28,132 | 985,464 | |
Virtu Financial, Inc. Class A | 123,253 | 3,017,233 | |
Virtus Investment Partners, Inc. | 11,542 | 3,609,183 | |
Westwood Holdings Group, Inc. | 11,777 | 262,392 | |
WisdomTree Investments, Inc. (b) | 197,978 | 1,249,241 | |
2,341,321,675 | |||
Consumer Finance - 0.7% | |||
Ally Financial, Inc. | 587,300 | 31,068,170 | |
American Express Co. | 1,033,773 | 171,564,967 | |
Atlanticus Holdings Corp. (a) | 8,957 | 575,039 | |
Capital One Financial Corp. | 714,631 | 118,607,307 | |
Consumer Portfolio Services, Inc. (a) | 9,498 | 54,329 | |
Credit Acceptance Corp. (a)(b) | 18,328 | 10,624,375 | |
CURO Group Holdings Corp. (b) | 22,644 | 370,682 | |
Discover Financial Services | 483,454 | 61,988,472 | |
Elevate Credit, Inc. (a) | 23,656 | 83,033 | |
Encore Capital Group, Inc. (a)(b) | 49,643 | 2,442,932 | |
Enova International, Inc. (a) | 58,336 | 1,923,921 | |
EZCORP, Inc. (non-vtg.) Class A (a)(b) | 87,514 | 602,971 | |
First Cash Financial Services, Inc. | 64,527 | 5,529,319 | |
Green Dot Corp. Class A (a) | 87,731 | 4,583,067 | |
LendingClub Corp. (a) | 169,530 | 5,265,602 | |
LendingTree, Inc. (a)(b) | 17,104 | 2,850,040 | |
Medallion Financial Corp. (a) | 35,405 | 302,005 | |
Navient Corp. | 284,761 | 6,609,303 | |
Nelnet, Inc. Class A | 34,550 | 2,794,404 | |
Nicholas Financial, Inc. (a) | 4,023 | 46,586 | |
OneMain Holdings, Inc. | 167,889 | 9,709,021 | |
Oportun Financial Corp. (a) | 29,210 | 737,553 | |
PRA Group, Inc. (a) | 72,410 | 3,041,220 | |
PROG Holdings, Inc. | 108,551 | 5,136,633 | |
Regional Management Corp. | 15,004 | 891,688 | |
Santander Consumer U.S.A. Holdings, Inc. | 111,461 | 4,651,268 | |
SLM Corp. | 508,893 | 9,541,744 | |
Synchrony Financial | 855,258 | 42,549,086 | |
Upstart Holdings, Inc. | 27,618 | 6,327,836 | |
World Acceptance Corp. (a) | 6,665 | 1,265,484 | |
511,738,057 | |||
Diversified Financial Services - 1.2% | |||
A-Mark Precious Metals, Inc. (b) | 13,206 | 640,623 | |
Alerus Financial Corp. | 61,409 | 1,833,673 | |
Berkshire Hathaway, Inc. Class B (a) | 3,014,937 | 861,578,546 | |
Cannae Holdings, Inc. (a) | 134,293 | 4,286,633 | |
Equitable Holdings, Inc. | 668,536 | 20,731,301 | |
Marlin Business Services Corp. | 17,786 | 395,739 | |
SWK Holdings Corp. (a) | 23,388 | 463,082 | |
Voya Financial, Inc. | 194,804 | 12,658,364 | |
902,587,961 | |||
Insurance - 2.0% | |||
AFLAC, Inc. | 999,636 | 56,659,368 | |
Alleghany Corp. (a) | 22,226 | 15,040,112 | |
Allstate Corp. | 473,329 | 64,031,947 | |
AMBAC Financial Group, Inc. (a) | 75,325 | 1,061,329 | |
American Equity Investment Life Holding Co. | 137,379 | 4,353,541 | |
American Financial Group, Inc. | 108,561 | 14,974,904 | |
American International Group, Inc. | 1,356,447 | 74,007,748 | |
American National Group, Inc. | 15,553 | 2,993,953 | |
Amerisafe, Inc. | 31,043 | 1,786,525 | |
Aon PLC | 358,228 | 102,761,284 | |
Arch Capital Group Ltd. (a) | 640,743 | 26,334,537 | |
Argo Group International Holdings, Ltd. | 54,317 | 2,873,369 | |
Arthur J. Gallagher & Co. | 325,640 | 46,768,417 | |
Assurant, Inc. | 96,066 | 16,341,787 | |
Assured Guaranty Ltd. | 121,110 | 6,038,545 | |
Athene Holding Ltd. (a) | 196,203 | 13,139,715 | |
Axis Capital Holdings Ltd. | 129,181 | 6,610,192 | |
Brighthouse Financial, Inc. (a) | 140,348 | 6,871,438 | |
Brown & Brown, Inc. | 374,446 | 21,736,590 | |
BRP Group, Inc. (a) | 75,431 | 2,839,977 | |
Chubb Ltd. | 712,877 | 131,112,338 | |
Cincinnati Financial Corp. | 236,960 | 29,240,864 | |
Citizens, Inc. Class A (a)(b) | 89,803 | 536,124 | |
CNA Financial Corp. | 59,208 | 2,625,875 | |
CNO Financial Group, Inc. | 205,023 | 5,014,863 | |
Crawford & Co.: | |||
Class A | 27,890 | 278,063 | |
Class B | 22,240 | 210,168 | |
Donegal Group, Inc. Class A | 23,026 | 346,772 | |
eHealth, Inc. (a) | 42,225 | 1,631,996 | |
Employers Holdings, Inc. | 40,541 | 1,669,073 | |
Enstar Group Ltd. (a) | 20,969 | 4,836,919 | |
Erie Indemnity Co. Class A | 40,408 | 7,155,853 | |
Everest Re Group Ltd. | 63,357 | 16,783,269 | |
Fednat Holding Co. | 13,703 | 35,491 | |
Fidelity National Financial, Inc. | 458,268 | 22,377,226 | |
First American Financial Corp. | 173,669 | 12,248,875 | |
Genworth Financial, Inc. Class A (a) | 806,448 | 3,024,180 | |
Globe Life, Inc. | 149,866 | 14,397,627 | |
GoHealth, Inc. (a) | 78,411 | 381,077 | |
Goosehead Insurance (b) | 26,316 | 3,862,662 | |
Greenlight Capital Re, Ltd. (a) | 42,996 | 362,456 | |
Hallmark Financial Services, Inc. (a) | 25,240 | 94,902 | |
Hanover Insurance Group, Inc. | 57,030 | 8,058,909 | |
Hartford Financial Services Group, Inc. | 564,029 | 37,914,029 | |
HCI Group, Inc. (b) | 12,326 | 1,376,321 | |
Heritage Insurance Holdings, Inc. | 42,724 | 299,068 | |
Horace Mann Educators Corp. | 69,703 | 2,857,823 | |
Independence Holding Co. (b) | 11,293 | 564,424 | |
Investors Title Co. | 2,136 | 409,813 | |
James River Group Holdings Ltd. | 61,647 | 2,267,993 | |
Kemper Corp. | 97,199 | 6,667,851 | |
Kingstone Companies, Inc. | 8,338 | 59,617 | |
Kinsale Capital Group, Inc. | 34,277 | 6,233,272 | |
Lemonade, Inc. (a)(b) | 27,473 | 2,075,310 | |
Lincoln National Corp. | 282,928 | 19,423,007 | |
Loews Corp. | 355,808 | 19,878,993 | |
Maiden Holdings Ltd. (a) | 88,227 | 276,151 | |
Markel Corp. (a) | 21,873 | 27,784,178 | |
Marsh & McLennan Companies, Inc. | 807,538 | 126,944,974 | |
MBIA, Inc. (a)(b) | 87,611 | 980,367 | |
Mercury General Corp. | 42,951 | 2,564,604 | |
MetLife, Inc. | 1,186,630 | 73,571,060 | |
MetroMile, Inc. (a)(b) | 127,682 | 510,728 | |
National Western Life Group, Inc. | 3,737 | 828,343 | |
NI Holdings, Inc. (a) | 9,696 | 189,266 | |
Old Republic International Corp. | 443,547 | 11,532,222 | |
Oscar Health, Inc. (a) | 74,934 | 1,168,221 | |
Palomar Holdings, Inc. (a) | 35,108 | 3,152,698 | |
Primerica, Inc. | 63,534 | 9,716,890 | |
Principal Financial Group, Inc. | 399,755 | 26,707,632 | |
ProAssurance Corp. | 85,084 | 2,169,642 | |
Progressive Corp. | 928,720 | 89,472,885 | |
Prudential Financial, Inc. | 622,028 | 65,860,325 | |
Reinsurance Group of America, Inc. | 107,421 | 12,441,500 | |
RenaissanceRe Holdings Ltd. | 78,467 | 12,298,133 | |
RLI Corp. | 65,118 | 7,112,839 | |
Root, Inc. (b) | 112,066 | 722,826 | |
Safety Insurance Group, Inc. | 23,962 | 1,948,350 | |
Selective Insurance Group, Inc. | 96,816 | 8,090,913 | |
Selectquote, Inc. (a) | 66,401 | 634,130 | |
Siriuspoint Ltd. (a)(b) | 134,616 | 1,320,583 | |
State Auto Financial Corp. | 29,642 | 1,499,292 | |
Stewart Information Services Corp. | 42,215 | 2,657,434 | |
The Travelers Companies, Inc. | 399,520 | 63,807,339 | |
Tiptree, Inc. | 23,381 | 236,382 | |
Trean Insurance Group, Inc. (a) | 16,133 | 164,718 | |
Trupanion, Inc. (a)(b) | 52,730 | 4,829,013 | |
United Fire Group, Inc. | 35,716 | 927,187 | |
United Insurance Holdings Corp. | 35,027 | 133,453 | |
Universal Insurance Holdings, Inc. | 51,387 | 731,751 | |
Unum Group | 322,320 | 8,580,158 | |
W.R. Berkley Corp. | 223,353 | 16,820,714 | |
White Mountains Insurance Group Ltd. | 4,999 | 5,602,929 | |
Willis Towers Watson PLC | 204,682 | 45,177,411 | |
1,492,705,622 | |||
Mortgage Real Estate Investment Trusts - 0.2% | |||
Acres Commercial Realty Corp. | 14,835 | 249,525 | |
AG Mortgage Investment Trust, Inc. | 17,378 | 188,204 | |
AGNC Investment Corp. | 837,081 | 13,652,791 | |
Annaly Capital Management, Inc. | 2,192,215 | 19,050,348 | |
Apollo Commercial Real Estate Finance, Inc. | 205,384 | 3,193,721 | |
Arbor Realty Trust, Inc. | 187,529 | 3,428,030 | |
Ares Commercial Real Estate Corp. | 77,869 | 1,228,773 | |
Arlington Asset Investment Corp. (a) | 71,308 | 265,979 | |
Armour Residential REIT, Inc. | 103,548 | 1,124,531 | |
Blackstone Mortgage Trust, Inc. | 230,470 | 7,561,721 | |
BrightSpire Capital, Inc. | 140,374 | 1,406,547 | |
Broadmark Realty Capital, Inc. | 191,948 | 2,017,373 | |
Capstead Mortgage Corp. | 181,055 | 1,247,469 | |
Cherry Hill Mortgage Investment Corp. | 22,382 | 204,124 | |
Chimera Investment Corp. | 375,131 | 5,747,007 | |
Dynex Capital, Inc. | 47,445 | 842,623 | |
Ellington Financial LLC | 65,733 | 1,217,375 | |
Ellington Residential Mortgage REIT | 11,126 | 128,060 | |
Granite Point Mortgage Trust, Inc. | 87,209 | 1,199,996 | |
Great Ajax Corp. | 33,856 | 478,385 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 123,933 | 7,481,835 | |
Invesco Mortgage Capital, Inc. | 573,020 | 1,787,822 | |
KKR Real Estate Finance Trust, Inc. | 41,234 | 879,521 | |
Ladder Capital Corp. Class A | 211,785 | 2,416,467 | |
Lument Finance Trust, Inc. | 4,306 | 17,698 | |
MFA Financial, Inc. | 700,232 | 3,361,114 | |
New Residential Investment Corp. | 744,442 | 8,129,307 | |
New York Mortgage Trust, Inc. | 576,914 | 2,549,960 | |
Nexpoint Real Estate Finance, Inc. | 6,339 | 135,972 | |
Orchid Island Capital, Inc. (b) | 159,433 | 800,354 | |
PennyMac Mortgage Investment Trust | 163,219 | 3,168,081 | |
Ready Capital Corp. | 94,290 | 1,443,580 | |
Redwood Trust, Inc. | 178,481 | 2,225,658 | |
Sachem Capital Corp. | 24,185 | 117,055 | |
Starwood Property Trust, Inc. | 460,172 | 11,872,438 | |
TPG RE Finance Trust, Inc. | 89,006 | 1,121,476 | |
Tremont Mortgage Trust | 13,468 | 78,653 | |
Two Harbors Investment Corp. | 492,376 | 3,249,682 | |
Western Asset Mortgage Capital Corp. | 75,043 | 208,620 | |
115,477,875 | |||
Thrifts & Mortgage Finance - 0.1% | |||
Axos Financial, Inc. (a) | 83,691 | 4,057,340 | |
Bridgewater Bancshares, Inc. (a) | 40,020 | 654,327 | |
Capitol Federal Financial, Inc. | 318,773 | 3,678,640 | |
Cf Bankshares, Inc. | 105 | 2,001 | |
Columbia Financial, Inc. (a) | 86,235 | 1,554,817 | |
ESSA Bancorp, Inc. | 14,301 | 239,113 | |
Essent Group Ltd. | 181,175 | 8,529,719 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 16,148 | 1,580,889 | |
FFBW, Inc. (a) | 619 | 7,119 | |
Finance of America Companies, Inc. (a) | 23,514 | 129,327 | |
Flagstar Bancorp, Inc. | 75,703 | 3,744,270 | |
FS Bancorp, Inc. | 13,648 | 466,352 | |
Greene County Bancorp, Inc. | 224 | 7,034 | |
Guild Holdings Co. Class A (b) | 3,409 | 49,260 | |
Hingham Institution for Savings | 2,412 | 782,694 | |
HMN Financial, Inc. (a) | 429 | 10,004 | |
Home Bancorp, Inc. | 10,333 | 386,661 | |
HomeStreet, Inc. | 39,908 | 1,630,242 | |
Impac Mortgage Holdings, Inc. (a)(b) | 16,166 | 22,471 | |
Kearny Financial Corp. | 133,106 | 1,689,115 | |
loanDepot, Inc. (b) | 5,024 | 41,348 | |
Luther Burbank Corp. | 21,747 | 282,059 | |
Merchants Bancorp | 24,057 | 882,170 | |
Meridian Bancorp, Inc. Maryland | 91,079 | 1,892,622 | |
Meta Financial Group, Inc. | 55,510 | 2,730,537 | |
MGIC Investment Corp. | 535,832 | 8,182,155 | |
Mr. Cooper Group, Inc. (a) | 114,661 | 4,458,020 | |
New York Community Bancorp, Inc. | 717,060 | 8,977,591 | |
NMI Holdings, Inc. (a) | 135,399 | 3,055,955 | |
Northfield Bancorp, Inc. | 70,790 | 1,196,351 | |
Northwest Bancshares, Inc. | 197,345 | 2,569,432 | |
Ocwen Financial Corp. (a) | 10,664 | 301,791 | |
OP Bancorp | 28,065 | 282,615 | |
PCSB Financial Corp. | 32,661 | 595,410 | |
PDL Community Bancorp (a) | 12,371 | 169,606 | |
PennyMac Financial Services, Inc. | 64,117 | 4,266,986 | |
Pioneer Bancorp, Inc. (a) | 18,130 | 222,818 | |
Premier Financial Corp. | 64,269 | 1,953,778 | |
Provident Bancorp, Inc. | 18,220 | 295,711 | |
Provident Financial Holdings, Inc. | 2,162 | 37,619 | |
Provident Financial Services, Inc. | 106,138 | 2,342,466 | |
Prudential Bancorp, Inc. | 3,877 | 57,380 | |
Radian Group, Inc. | 303,717 | 7,176,833 | |
Randolph Bancorp, Inc. (a) | 557 | 11,201 | |
Riverview Bancorp, Inc. | 36,754 | 269,774 | |
Rocket Companies, Inc. (b) | 223,000 | 3,869,050 | |
Security National Financial Corp. Class A | 25,484 | 234,453 | |
Severn Bancorp, Inc. | 6,426 | 80,004 | |
Southern Missouri Bancorp, Inc. | 9,308 | 419,977 | |
Sterling Bancorp, Inc. (a) | 31,816 | 168,943 | |
Territorial Bancorp, Inc. | 9,340 | 236,209 | |
TFS Financial Corp. | 70,282 | 1,404,937 | |
Timberland Bancorp, Inc. | 9,834 | 285,579 | |
Trustco Bank Corp., New York | 31,580 | 1,013,402 | |
UWM Holdings Corp. Class A | 124,723 | 916,714 | |
Velocity Financial, Inc. (a) | 9,380 | 120,721 | |
Walker & Dunlop, Inc. | 46,520 | 5,166,046 | |
Washington Federal, Inc. | 115,043 | 3,830,932 | |
Waterstone Financial, Inc. | 41,989 | 851,537 | |
Western New England Bancorp, Inc. | 30,118 | 258,412 | |
William Penn Bancorp, Inc. (b) | 14,888 | 178,656 | |
WSFS Financial Corp. | 77,916 | 3,538,166 | |
104,047,361 | |||
TOTAL FINANCIALS | 8,600,027,645 | ||
HEALTH CARE - 13.5% | |||
Biotechnology - 2.6% | |||
180 Life Sciences Corp. (a)(b) | 16,519 | 97,297 | |
4D Molecular Therapeutics, Inc. | 18,355 | 560,745 | |
89Bio, Inc. (a)(b) | 12,416 | 229,820 | |
AbbVie, Inc. | 2,806,364 | 338,952,644 | |
Abeona Therapeutics, Inc. (a)(b) | 99,135 | 130,858 | |
ACADIA Pharmaceuticals, Inc. (a)(b) | 184,604 | 3,232,416 | |
Acceleron Pharma, Inc. (a) | 84,150 | 11,266,002 | |
Achieve Life Sciences, Inc. (a)(b) | 12,876 | 107,515 | |
Acorda Therapeutics, Inc. (a)(b) | 10,397 | 43,979 | |
Actinium Pharmaceuticals, Inc. (a)(b) | 26,708 | 162,385 | |
Adamas Pharmaceuticals, Inc. (a)(b) | 68,647 | 323,327 | |
Adicet Bio, Inc. (a) | 18,261 | 152,479 | |
Adicet Bio, Inc. rights (a)(c) | 3,198 | 0 | |
ADMA Biologics, Inc. (a) | 164,905 | 220,973 | |
Advaxis, Inc. (a) | 79,002 | 37,076 | |
Adverum Biotechnologies, Inc. (a) | 128,644 | 312,605 | |
Aeglea BioTherapeutics, Inc. (a) | 48,938 | 354,801 | |
Aevi Genomic Medicine, Inc. rights (a)(c) | 29,385 | 989 | |
Agenus, Inc. (a)(b) | 277,797 | 1,714,007 | |
AgeX Therapeutics, Inc. (a)(b) | 24,431 | 25,164 | |
Agios Pharmaceuticals, Inc. (a) | 97,461 | 4,354,557 | |
Aikido Pharma, Inc. (a) | 126,118 | 104,047 | |
Aileron Therapeutics, Inc. (a) | 48,109 | 55,325 | |
AIM ImmunoTech, Inc. (a)(b) | 36,509 | 75,209 | |
Akebia Therapeutics, Inc. (a)(b) | 246,612 | 725,039 | |
Akero Therapeutics, Inc. (a)(b) | 25,258 | 599,625 | |
Akouos, Inc. (a)(b) | 39,152 | 465,517 | |
Albireo Pharma, Inc. (a)(b) | 26,039 | 795,491 | |
Aldeyra Therapeutics, Inc. (a) | 83,344 | 790,935 | |
Alector, Inc. (a) | 83,925 | 2,268,493 | |
Aligos Therapeutics, Inc. (b) | 17,896 | 305,127 | |
Alkermes PLC (a) | 250,176 | 7,820,502 | |
Allakos, Inc. (a) | 51,531 | 4,594,504 | |
Allena Pharmaceuticals, Inc. (a) | 13,108 | 13,370 | |
Allogene Therapeutics, Inc. (a)(b) | 106,597 | 2,542,338 | |
Allovir, Inc. (a)(b) | 35,909 | 691,248 | |
Alnylam Pharmaceuticals, Inc. (a) | 185,844 | 37,434,557 | |
Alpine Immune Sciences, Inc. (a)(b) | 12,325 | 117,211 | |
Altimmune, Inc. (a)(b) | 45,392 | 680,426 | |
ALX Oncology Holdings, Inc. (a)(b) | 19,283 | 1,349,810 | |
Amgen, Inc. | 911,767 | 205,630,812 | |
Amicus Therapeutics, Inc. (a) | 416,584 | 4,744,892 | |
AnaptysBio, Inc. (a)(b) | 40,835 | 1,045,784 | |
Anavex Life Sciences Corp. (a)(b) | 108,558 | 2,115,795 | |
Anika Therapeutics, Inc. (a) | 21,739 | 937,603 | |
Anixa Biosciences, Inc. (a)(b) | 52,257 | 292,639 | |
Annexon, Inc. (a) | 32,908 | 538,046 | |
Annovis Bio, Inc. (a)(b) | 7,008 | 264,482 | |
Apellis Pharmaceuticals, Inc. (a) | 106,806 | 7,033,175 | |
Applied Genetic Technologies Corp. (a)(b) | 45,693 | 162,210 | |
Applied Molecular Transport, Inc. (a) | 28,241 | 849,207 | |
Applied Therapeutics, Inc. (a) | 23,151 | 363,702 | |
Aprea Therapeutics, Inc. (a)(b) | 16,675 | 77,039 | |
Aptevo Therapeutics, Inc. (a) | 5,943 | 106,677 | |
Aptinyx, Inc. (a)(b) | 41,124 | 106,922 | |
AquaBounty Technologies, Inc. (a) | 111,133 | 514,546 | |
AquaMed Technologies, Inc. (a)(c) | 439 | 0 | |
Aravive, Inc. (a)(b) | 19,699 | 85,100 | |
Arbutus Biopharma Corp. (a)(b) | 96,139 | 329,757 | |
Arcturus Therapeutics Holdings, Inc. (a)(b) | 32,952 | 1,806,099 | |
Arcus Biosciences, Inc. (a)(b) | 70,724 | 2,063,019 | |
Arcutis Biotherapeutics, Inc. (a) | 40,575 | 858,973 | |
Ardelyx, Inc. (a)(b) | 98,718 | 139,192 | |
Arena Pharmaceuticals, Inc. (a) | 99,397 | 5,260,089 | |
Arrowhead Pharmaceuticals, Inc. (a) | 163,490 | 10,973,449 | |
Assembly Biosciences, Inc. (a) | 45,323 | 172,227 | |
Atara Biotherapeutics, Inc. (a) | 134,579 | 2,015,993 | |
Athenex, Inc. (a)(b) | 104,505 | 381,443 | |
Athersys, Inc. (a)(b) | 313,863 | 527,290 | |
Atossa Therapeutics, Inc. (a)(b) | 182,911 | 695,062 | |
Atreca, Inc. (a)(b) | 36,913 | 216,679 | |
aTyr Pharma, Inc. (a) | 10,629 | 58,619 | |
AVEO Pharmaceuticals, Inc. (a) | 37,534 | 240,593 | |
Avid Bioservices, Inc. (a)(b) | 93,173 | 2,258,514 | |
Avidity Biosciences, Inc. (a)(b) | 37,352 | 853,120 | |
Avita Medical, Inc. (a) | 40,787 | 824,305 | |
AVROBIO, Inc. (a) | 47,959 | 319,407 | |
Axcella Health, Inc. (a) | 4,603 | 16,801 | |
AzurRx BioPharma, Inc. (a)(b) | 59,122 | 37,188 | |
Beam Therapeutics, Inc. (a) | 46,910 | 5,203,257 | |
Bellicum Pharmaceuticals, Inc. (a)(b) | 5,352 | 16,217 | |
Bio Path Holdings, Inc. (a)(b) | 3,392 | 19,267 | |
BioAtla, Inc. (b) | 20,456 | 840,537 | |
Biocept, Inc. (a)(b) | 14,680 | 53,142 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 276,708 | 4,405,191 | |
Biogen, Inc. (a) | 238,963 | 80,986,950 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 88,221 | 11,578,124 | |
BioMarin Pharmaceutical, Inc. (a) | 290,477 | 24,461,068 | |
Biomea Fusion, Inc. (a) | 12,070 | 168,377 | |
BioXcel Therapeutics, Inc. (a)(b) | 26,766 | 788,259 | |
Black Diamond Therapeutics, Inc. (a)(b) | 21,709 | 219,261 | |
bluebird bio, Inc. (a)(b) | 103,400 | 1,892,220 | |
Blueprint Medicines Corp. (a) | 92,967 | 8,671,032 | |
Bolt Biotherapeutics, Inc. (b) | 21,951 | 389,850 | |
BrainStorm Cell Therpeutic, Inc. (a)(b) | 47,807 | 165,890 | |
Brickell Biotech, Inc. (a) | 93,690 | 69,190 | |
BridgeBio Pharma, Inc. (a)(b) | 155,884 | 7,811,347 | |
Brooklyn ImmunoTherapeutics, Inc. (a)(b) | 39,014 | 470,899 | |
C4 Therapeutics, Inc. (b) | 21,414 | 859,344 | |
Cabaletta Bio, Inc. (a)(b) | 14,463 | 147,233 | |
Calithera Biosciences, Inc. (a)(b) | 84,763 | 207,669 | |
Calyxt, Inc. (a) | 14,780 | 58,085 | |
Capricor Therapeutics, Inc. (a) | 27,617 | 138,361 | |
Cardiff Oncology, Inc. (a) | 38,271 | 280,526 | |
CareDx, Inc. (a) | 84,337 | 6,180,215 | |
CASI Pharmaceuticals, Inc. (a) | 146,787 | 234,859 | |
Catabasis Pharmaceuticals, Inc. (a) | 2,976 | 29,671 | |
Catalyst Biosciences, Inc. (a) | 35,667 | 163,355 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 146,497 | 807,198 | |
Cel-Sci Corp. (a) | 61,096 | 707,492 | |
Celcuity, Inc. (a)(b) | 12,131 | 266,882 | |
Celldex Therapeutics, Inc. (a) | 71,515 | 3,765,265 | |
Cellectar Biosciences, Inc. (a)(b) | 56,511 | 57,641 | |
Celsion Corp. (a) | 120,235 | 127,449 | |
Cerevel Therapeutics Holdings (a) | 115,860 | 3,668,128 | |
Checkpoint Therapeutics, Inc. (a)(b) | 111,216 | 358,116 | |
ChemoCentryx, Inc. (a)(b) | 81,917 | 1,295,108 | |
Chimerix, Inc. (a) | 127,558 | 905,662 | |
Chinook Therapeutics, Inc. (a) | 74,531 | 1,010,640 | |
Chinook Therapeutics, Inc. rights (a)(c) | 14,580 | 729 | |
Cidara Therapeutics, Inc. (a) | 43,932 | 101,044 | |
Clene, Inc. (a)(b) | 54,704 | 437,632 | |
Clovis Oncology, Inc. (a)(b) | 167,814 | 808,863 | |
Codiak Biosciences, Inc. (b) | 12,946 | 222,671 | |
Cogent Biosciences, Inc. (a)(b) | 46,226 | 382,751 | |
Cogent Biosciences, Inc. rights (a)(c) | 11,491 | 0 | |
CohBar, Inc. (a)(b) | 61,277 | 79,047 | |
Coherus BioSciences, Inc. (a)(b) | 98,564 | 1,575,053 | |
Concert Pharmaceuticals, Inc. (a) | 33,215 | 125,885 | |
ContraFect Corp. (a)(b) | 42,658 | 154,849 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 157,355 | 202,988 | |
Cortexyme, Inc. (a)(b) | 25,276 | 2,434,079 | |
Corvus Pharmaceuticals, Inc. (a)(b) | 14,116 | 31,902 | |
Crinetics Pharmaceuticals, Inc. (a) | 40,995 | 966,252 | |
CTI BioPharma Corp. (a)(b) | 97,868 | 295,561 | |
Cue Biopharma, Inc. (a) | 47,568 | 570,340 | |
Cullinan Oncology, Inc. | 21,944 | 619,260 | |
Curis, Inc. (a) | 130,100 | 1,151,385 | |
Cyclacel Pharmaceuticals, Inc. (a) | 33 | 180 | |
Cyclerion Therapeutics, Inc. (a) | 45,211 | 154,622 | |
Cyclo Therapeutics, Inc. (a) | 5,309 | 40,826 | |
Cytocom, Inc. (a) | 1,253 | 3,972 | |
Cytokinetics, Inc. (a)(b) | 128,611 | 4,240,305 | |
CytomX Therapeutics, Inc. (a) | 90,799 | 464,891 | |
Decibel Therapeutics, Inc. (b) | 9,257 | 74,704 | |
Deciphera Pharmaceuticals, Inc. (a)(b) | 69,594 | 2,192,211 | |
Denali Therapeutics, Inc. (a) | 129,089 | 6,867,535 | |
DermTech, Inc. (a)(b) | 39,764 | 1,479,221 | |
Design Therapeutics, Inc. (a)(b) | 32,403 | 509,375 | |
DiaMedica Therapeutics, Inc. (a) | 16,099 | 69,226 | |
Dicerna Pharmaceuticals, Inc. (a) | 102,619 | 2,111,899 | |
Diffusion Pharmaceuticals, Inc. (a) | 84,409 | 49,810 | |
Dyadic International, Inc. (a)(b) | 37,918 | 239,642 | |
Dynavax Technologies Corp. (a)(b) | 164,074 | 3,192,880 | |
Dyne Therapeutics, Inc. | 27,564 | 466,659 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 16,357 | 872,973 | |
Edesa Biotech, Inc. (a) | 8,424 | 49,449 | |
Editas Medicine, Inc. (a)(b) | 107,475 | 6,834,335 | |
Eiger Biopharmaceuticals, Inc. (a) | 57,373 | 467,016 | |
Eledon Pharmaceuticals, Inc. (a) | 18,468 | 153,654 | |
Emergent BioSolutions, Inc. (a) | 70,997 | 4,478,491 | |
Enanta Pharmaceuticals, Inc. (a) | 29,715 | 1,699,698 | |
Enochian Biosciences, Inc. (a)(b) | 23,157 | 170,899 | |
Epizyme, Inc. (a)(b) | 133,125 | 686,925 | |
Equillium, Inc. (a)(b) | 21,675 | 133,301 | |
Evelo Biosciences, Inc. (a)(b) | 43,475 | 494,311 | |
Exact Sciences Corp. (a)(b) | 272,274 | 28,419,960 | |
Exelixis, Inc. (a) | 502,679 | 9,636,356 | |
Exicure, Inc. (a)(b) | 134,393 | 188,150 | |
F-star Therapeutics, Inc. (a) | 20,852 | 165,148 | |
F-star Therapeutics, Inc.: | |||
rights (a)(c) | 1,612 | 0 | |
rights (a)(c) | 1,612 | 0 | |
Fate Therapeutics, Inc. (a) | 126,751 | 9,284,511 | |
FibroGen, Inc. (a) | 128,118 | 1,490,012 | |
Finch Therapeutics Group, Inc. (a) | 10,837 | 153,344 | |
Flexion Therapeutics, Inc. (a)(b) | 61,425 | 367,322 | |
Foghorn Therapeutics, Inc. (b) | 8,635 | 112,082 | |
Forma Therapeutics Holdings, Inc. (a) | 32,214 | 774,102 | |
Forte Biosciences, Inc. (a)(b) | 16,638 | 489,490 | |
Fortress Biotech, Inc. (a)(b) | 118,327 | 389,296 | |
Frequency Therapeutics, Inc. (a)(b) | 54,830 | 423,288 | |
G1 Therapeutics, Inc. (a)(b) | 56,782 | 858,544 | |
Galectin Therapeutics, Inc. (a)(b) | 63,339 | 248,922 | |
Galera Therapeutics, Inc. (a) | 4,354 | 39,012 | |
Gemini Therapeutics, Inc. | 62,884 | 309,389 | |
Generation Bio Co. (a) | 32,944 | 823,600 | |
Genocea Biosciences, Inc. (a)(b) | 33,261 | 58,539 | |
Genprex, Inc. (a)(b) | 68,088 | 214,477 | |
GeoVax Labs, Inc. (a) | 8,310 | 50,608 | |
Geron Corp. (a)(b) | 515,851 | 747,984 | |
Gilead Sciences, Inc. | 1,988,661 | 144,734,748 | |
Global Blood Therapeutics, Inc. (a) | 98,478 | 2,825,334 | |
GlycoMimetics, Inc. (a) | 51,855 | 115,118 | |
Gossamer Bio, Inc. (a)(b) | 75,695 | 752,408 | |
Greenwich Lifesciences, Inc. (b) | 2,092 | 83,722 | |
Gritstone Bio, Inc. (a)(b) | 28,447 | 261,712 | |
Gt Biopharma, Inc. (a) | 29,786 | 264,798 | |
Halozyme Therapeutics, Inc. (a) | 214,451 | 9,004,797 | |
Harpoon Therapeutics, Inc. (a) | 34,224 | 324,444 | |
Heat Biologics, Inc. (a)(b) | 35,946 | 259,890 | |
Heron Therapeutics, Inc. (a)(b) | 139,224 | 1,624,744 | |
Histogen, Inc. (a) | 2,577 | 2,037 | |
Homology Medicines, Inc. (a) | 61,627 | 443,098 | |
Hookipa Pharma, Inc. (a)(b) | 77,302 | 532,611 | |
Horizon Therapeutics PLC (a) | 357,032 | 38,591,589 | |
Humanigen, Inc. (a)(b) | 75,276 | 1,248,076 | |
iBio, Inc. (a) | 343,356 | 436,062 | |
Ideaya Biosciences, Inc. (a)(b) | 30,492 | 716,562 | |
Idera Pharmaceuticals, Inc. (a)(b) | 91,027 | 99,219 | |
IGM Biosciences, Inc. (a)(b) | 12,428 | 884,998 | |
Immunic, Inc. (a) | 22,190 | 218,572 | |
ImmunityBio, Inc. (a)(b) | 139,882 | 1,591,857 | |
ImmunoGen, Inc. (a) | 350,293 | 2,119,273 | |
Immunome, Inc. | 5,126 | 71,918 | |
Immunovant, Inc. (a) | 88,169 | 763,544 | |
Impel Neuropharma, Inc. (a)(b) | 5,825 | 110,617 | |
Incyte Corp. (a) | 298,610 | 22,840,679 | |
Infinity Pharmaceuticals, Inc. (a)(b) | 116,752 | 413,302 | |
Inhibrx, Inc. (a)(b) | 13,099 | 373,583 | |
Inmune Bio, Inc. (a) | 11,598 | 275,105 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 329,782 | 2,849,316 | |
Inozyme Pharma, Inc. (a) | 9,601 | 148,047 | |
Insmed, Inc. (a) | 181,804 | 5,097,784 | |
Instil Bio, Inc. (a)(b) | 51,256 | 966,176 | |
Intellia Therapeutics, Inc. (a) | 105,036 | 16,861,429 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 41,103 | 612,846 | |
Invitae Corp. (a)(b) | 309,183 | 9,161,092 | |
Ionis Pharmaceuticals, Inc. (a) | 224,311 | 8,918,605 | |
Iovance Biotherapeutics, Inc. (a) | 229,134 | 5,515,255 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(b) | 258,371 | 3,384,660 | |
IsoRay, Inc. (a) | 190,229 | 121,747 | |
iTeos Therapeutics, Inc. (a) | 15,577 | 441,608 | |
Iveric Bio, Inc. (a) | 133,034 | 1,406,169 | |
Jounce Therapeutics, Inc. (a) | 42,840 | 266,465 | |
Kadmon Holdings, Inc. (a)(b) | 247,548 | 1,356,563 | |
Kalvista Pharmaceuticals, Inc. (a) | 26,180 | 535,119 | |
Karuna Therapeutics, Inc. (a) | 29,629 | 3,522,888 | |
Karyopharm Therapeutics, Inc. (a)(b) | 90,770 | 526,466 | |
Keros Therapeutics, Inc. (a) | 14,303 | 481,153 | |
Kezar Life Sciences, Inc. (a) | 58,442 | 445,328 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 42,836 | 538,877 | |
Kinnate Biopharma, Inc. | 27,233 | 602,394 | |
Kintara Therapeutics, Inc. (a)(b) | 69,028 | 104,923 | |
Kodiak Sciences, Inc. (a)(b) | 50,517 | 4,757,691 | |
Kronos Bio, Inc. (b) | 17,914 | 374,582 | |
Krystal Biotech, Inc. (a) | 25,935 | 1,502,674 | |
Kura Oncology, Inc. (a) | 110,209 | 2,034,458 | |
Kymera Therapeutics, Inc. (a)(b) | 21,839 | 1,357,075 | |
La Jolla Pharmaceutical Co. (a)(b) | 30,025 | 126,405 | |
Lantern Pharma, Inc. (a) | 6,165 | 86,865 | |
Larimar Therapeutics, Inc. (a)(b) | 18,481 | 265,942 | |
Leap Therapeutics, Inc. (a) | 42,530 | 73,152 | |
Lexicon Pharmaceuticals, Inc. (a)(b) | 117,528 | 554,732 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 26,023 | 3,442,843 | |
Lineage Cell Therapeutics, Inc. (a)(b) | 256,547 | 646,498 | |
LogicBio Therapeutics, Inc. (a)(b) | 12,282 | 58,217 | |
Lumos Pharma, Inc. (a) | 3,251 | 35,273 | |
Macrogenics, Inc. (a)(b) | 92,923 | 2,193,912 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 15,446 | 1,278,157 | |
Magenta Therapeutics, Inc. (a)(b) | 44,113 | 282,323 | |
MannKind Corp. (a)(b) | 393,051 | 1,886,645 | |
Marker Therapeutics, Inc. (a) | 89,516 | 177,242 | |
Matinas BioPharma Holdings, Inc. (a) | 194,366 | 155,687 | |
MediciNova, Inc. (a)(b) | 61,340 | 239,839 | |
MEI Pharma, Inc. (a) | 134,168 | 375,670 | |
Merrimack Pharmaceuticals, Inc. (a) | 15,717 | 78,899 | |
Mersana Therapeutics, Inc. (a) | 87,601 | 1,220,282 | |
MiMedx Group, Inc. (a)(b) | 172,857 | 2,551,369 | |
Minerva Neurosciences, Inc. (a) | 45,867 | 84,395 | |
Mirati Therapeutics, Inc. (a) | 72,845 | 12,363,982 | |
Mirum Pharmaceuticals, Inc. (a) | 19,259 | 312,959 | |
Moderna, Inc. (a) | 484,450 | 182,487,471 | |
Molecular Templates, Inc. (a) | 59,475 | 387,777 | |
Moleculin Biotech, Inc. (a) | 30,817 | 94,916 | |
Morphic Holding, Inc. (a) | 23,952 | 1,509,216 | |
Mustang Bio, Inc. (a) | 96,783 | 294,220 | |
Myovant Sciences Ltd. (a)(b) | 74,672 | 1,817,516 | |
Myriad Genetics, Inc. (a) | 122,318 | 4,376,538 | |
NanoViricides, Inc. (a)(b) | 8,252 | 31,935 | |
Natera, Inc. (a) | 138,181 | 16,364,776 | |
Navidea Biopharmaceuticals, Inc. (a) | 7,141 | 11,711 | |
Neoleukin Therapeutics, Inc. (a) | 48,248 | 393,221 | |
Neubase Therapeutics, Inc. (a)(b) | 27,182 | 108,456 | |
Neurobo Pharmaceuticals, Inc. (a)(b) | 380 | 1,573 | |
Neurobo Pharmaceuticals, Inc. rights (a)(c) | 380 | 0 | |
Neurocrine Biosciences, Inc. (a) | 150,425 | 14,320,460 | |
Neximmune, Inc. | 6,510 | 91,661 | |
NextCure, Inc. (a) | 17,599 | 134,104 | |
Nkarta, Inc. (a)(b) | 30,764 | 994,908 | |
Novavax, Inc. (a)(b) | 108,204 | 25,810,982 | |
Nurix Therapeutics, Inc. (a)(b) | 26,007 | 837,165 | |
Ocugen, Inc. (a)(b) | 306,905 | 2,329,409 | |
Olema Pharmaceuticals, Inc. (b) | 22,075 | 660,484 | |
OncoCyte Corp. (a)(b) | 109,596 | 449,344 | |
Oncorus, Inc. (a) | 11,593 | 119,756 | |
OncoSec Medical, Inc. (a) | 19,670 | 46,028 | |
Oncternal Therapeutics, Inc. (a)(b) | 80,553 | 364,100 | |
Oncternal Therapeutics, Inc. rights (a)(c) | 2,146 | 0 | |
OpGen, Inc. (a)(b) | 60,641 | 194,051 | |
Opko Health, Inc. (a)(b) | 684,094 | 2,640,603 | |
Oragenics, Inc. (a) | 83,373 | 59,937 | |
Organogenesis Holdings, Inc. Class A (a) | 79,621 | 1,358,334 | |
Organovo Holdings, Inc. (a)(b) | 11,895 | 91,116 | |
Orgenesis, Inc. (a)(b) | 40,821 | 218,392 | |
ORIC Pharmaceuticals, Inc. (a)(b) | 18,690 | 412,862 | |
Outlook Therapeutics, Inc. (a) | 124,702 | 344,178 | |
Ovid Therapeutics, Inc. (a)(b) | 46,991 | 165,878 | |
Oyster Point Pharma, Inc. (a)(b) | 15,469 | 203,881 | |
Palatin Technologies, Inc. (a)(b) | 273,268 | 131,169 | |
Passage Bio, Inc. (a)(b) | 36,368 | 437,143 | |
PDL BioPharma, Inc. (a)(c) | 218,274 | 539,137 | |
PDS Biotechnology Corp. (a) | 32,700 | 508,485 | |
PhaseBio Pharmaceuticals, Inc. (a)(b) | 26,632 | 86,288 | |
Pieris Pharmaceuticals, Inc. (a)(b) | 100,668 | 542,601 | |
PMV Pharmaceuticals, Inc. (b) | 24,784 | 752,194 | |
Polarityte, Inc. (a)(b) | 90,951 | 64,193 | |
Poseida Therapeutics, Inc. (a)(b) | 17,968 | 155,244 | |
Praxis Precision Medicines, Inc. | 23,014 | 457,288 | |
Precigen, Inc. (a)(b) | 140,644 | 850,896 | |
Precision BioSciences, Inc. (a) | 69,476 | 873,313 | |
Prelude Therapeutics, Inc. (b) | 24,019 | 857,238 | |
Prometheus Biosciences, Inc. (a)(b) | 26,761 | 583,925 | |
Protagonist Therapeutics, Inc. (a) | 71,859 | 3,485,162 | |
Protara Therapeutics, Inc. (a) | 11,701 | 98,171 | |
Prothena Corp. PLC (a) | 52,622 | 3,531,989 | |
PTC Therapeutics, Inc. (a) | 143,232 | 6,252,077 | |
Puma Biotechnology, Inc. (a) | 56,688 | 429,128 | |
Qualigen Therapeutics, Inc. (a)(b) | 15,124 | 23,745 | |
Radius Health, Inc. (a) | 68,750 | 952,875 | |
RAPT Therapeutics, Inc. (a) | 14,187 | 463,915 | |
Recro Pharma, Inc. (a)(b) | 57,578 | 139,915 | |
Recursion Pharmaceuticals, Inc. (a)(b) | 50,676 | 1,278,049 | |
Regeneron Pharmaceuticals, Inc. (a) | 166,201 | 111,919,753 | |
REGENXBIO, Inc. (a) | 51,018 | 1,647,881 | |
Regulus Therapeutics, Inc. (a)(b) | 50,761 | 39,360 | |
Relay Therapeutics, Inc. (a)(b) | 38,145 | 1,221,784 | |
Reneo Pharmaceuticals, Inc. (a) | 5,709 | 63,199 | |
Repligen Corp. (a) | 80,686 | 22,832,524 | |
Replimune Group, Inc. (a) | 40,493 | 1,286,058 | |
Revolution Medicines, Inc. (a)(b) | 74,153 | 2,157,111 | |
Rhythm Pharmaceuticals, Inc. (a) | 53,814 | 700,120 | |
Rigel Pharmaceuticals, Inc. (a) | 265,322 | 1,008,224 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 68,184 | 2,332,575 | |
Rubius Therapeutics, Inc. (a)(b) | 69,675 | 1,513,341 | |
Sage Therapeutics, Inc. (a) | 81,615 | 3,771,429 | |
Salarius Pharmaceuticals, Inc. (a)(b) | 64,297 | 66,869 | |
Salarius Pharmaceuticals, Inc. warrants 1/20/25 (a) | 7,499 | 55 | |
Sana Biotechnology, Inc. (b) | 41,154 | 987,284 | |
Sangamo Therapeutics, Inc. (a) | 180,337 | 1,787,140 | |
Sarepta Therapeutics, Inc. (a) | 131,579 | 10,278,951 | |
Savara, Inc. (a) | 99,425 | 154,109 | |
Scholar Rock Holding Corp. (a)(b) | 33,772 | 1,335,007 | |
Seagen, Inc. (a) | 201,765 | 33,815,814 | |
Selecta Biosciences, Inc. (a) | 150,730 | 654,168 | |
Sellas Life Sciences Group, Inc. (a)(b) | 20,426 | 189,758 | |
Sensei Biotherapeutics, Inc. | 11,330 | 122,137 | |
Seres Therapeutics, Inc. (a)(b) | 85,631 | 548,895 | |
Sesen Bio, Inc. (a) | 261,921 | 248,275 | |
Shattuck Labs, Inc. (b) | 25,218 | 532,856 | |
Sigilon Therapeutics, Inc. (b) | 8,159 | 48,464 | |
Silverback Therapeutics, Inc. (b) | 22,000 | 484,000 | |
Sio Gene Therapies, Inc. (a) | 38,531 | 83,227 | |
Soleno Therapeutics, Inc. (a)(b) | 36,789 | 33,636 | |
Solid Biosciences, Inc. (a) | 89,818 | 243,407 | |
Soligenix, Inc. (a)(b) | 23,654 | 24,837 | |
Sorrento Therapeutics, Inc. (a)(b) | 382,925 | 3,446,325 | |
Spectrum Pharmaceuticals, Inc. (a) | 243,368 | 571,915 | |
Spero Therapeutics, Inc. (a)(b) | 39,004 | 750,827 | |
Springworks Therapeutics, Inc. (a)(b) | 43,652 | 3,278,265 | |
Spruce Biosciences, Inc. (b) | 5,509 | 42,254 | |
SQZ Biotechnologies Co. (b) | 10,340 | 137,522 | |
Stoke Therapeutics, Inc. (a) | 31,173 | 816,109 | |
Surface Oncology, Inc. (a)(b) | 23,842 | 150,920 | |
Sutro Biopharma, Inc. (a) | 65,091 | 1,413,777 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 58,641 | 1,025,631 | |
Synlogic, Inc. (a)(b) | 30,139 | 80,773 | |
Synthetic Biologics, Inc. (a)(b) | 97,571 | 46,805 | |
Syros Pharmaceuticals, Inc. (a) | 80,524 | 426,777 | |
T2 Biosystems, Inc. (a)(b) | 242,249 | 226,382 | |
Talaris Therapeutics, Inc. (a) | 13,340 | 154,877 | |
Taysha Gene Therapies, Inc. (b) | 9,321 | 185,301 | |
TCR2 Therapeutics, Inc. (a) | 37,471 | 628,389 | |
Tempest Therapeutics, Inc. (a) | 785 | 11,312 | |
TG Therapeutics, Inc. (a) | 181,563 | 4,914,910 | |
TONIX Pharmaceuticals Holding (a) | 635,278 | 448,443 | |
TRACON Pharmaceuticals, Inc. (a) | 24,147 | 90,310 | |
Translate Bio, Inc. (a)(b) | 110,732 | 4,141,377 | |
Travere Therapeutics, Inc. (a) | 92,128 | 2,011,154 | |
Trevena, Inc. (a)(b) | 223,656 | 295,226 | |
Turning Point Therapeutics, Inc. (a) | 68,352 | 5,264,471 | |
Twist Bioscience Corp. (a) | 66,903 | 7,574,089 | |
Tyme Technologies, Inc. (a)(b) | 123,850 | 142,428 | |
Ultragenyx Pharmaceutical, Inc. (a) | 100,033 | 9,632,178 | |
uniQure B.V. (a) | 67,916 | 1,969,564 | |
United Therapeutics Corp. (a) | 71,113 | 15,280,761 | |
UNITY Biotechnology, Inc. (a)(b) | 46,076 | 147,443 | |
Vanda Pharmaceuticals, Inc. (a)(b) | 81,705 | 1,367,742 | |
Vaxart, Inc. (a)(b) | 185,284 | 1,658,292 | |
Vaxcyte, Inc. (a) | 32,745 | 858,901 | |
VBI Vaccines, Inc. (a)(b) | 359,977 | 1,299,517 | |
Vera Therapeutics, Inc. (a) | 1,001 | 14,755 | |
Veracyte, Inc. (a)(b) | 105,985 | 5,098,938 | |
Verastem, Inc. (a) | 224,519 | 594,975 | |
Vericel Corp. (a)(b) | 73,849 | 4,000,400 | |
Vertex Pharmaceuticals, Inc. (a) | 410,274 | 82,173,779 | |
Viking Therapeutics, Inc. (a)(b) | 104,003 | 687,460 | |
Vincerx Pharma, Inc. (a)(b) | 27,455 | 430,494 | |
Vir Biotechnology, Inc. (a) | 103,670 | 5,343,152 | |
Viracta Therapeutics, Inc. (a)(b) | 26,919 | 248,193 | |
Viridian Therapeutics, Inc. (a) | 7,097 | 94,958 | |
Viridian Therapeutics, Inc. rights (a)(c) | 27,850 | 0 | |
VistaGen Therapeutics, Inc. (a) | 268,335 | 815,738 | |
Vor Biopharma, Inc. (a)(b) | 18,724 | 275,056 | |
Voyager Therapeutics, Inc. (a)(b) | 41,094 | 133,966 | |
vTv Therapeutics, Inc. Class A (a) | 39,197 | 73,298 | |
Vyant Bio, Inc. (a)(b) | 18,007 | 47,358 | |
Werewolf Therapeutics, Inc. (a)(b) | 11,166 | 198,755 | |
X4 Pharmaceuticals, Inc. (a) | 23,776 | 121,971 | |
Xbiotech, Inc. | 22,712 | 362,711 | |
Xencor, Inc. (a) | 92,030 | 3,117,056 | |
XOMA Corp. (a)(b) | 15,806 | 491,883 | |
Y-mAbs Therapeutics, Inc. (a) | 43,594 | 1,341,823 | |
Yield10 Bioscience, Inc. (a) | 12 | 81 | |
Yumanity Therapeutics, Inc. (a) | 2,924 | 31,579 | |
Yumanity Therapeutics, Inc. rights (a)(c) | 58,487 | 1 | |
Zentalis Pharmaceuticals, Inc. (a) | 27,806 | 1,896,091 | |
ZIOPHARM Oncology, Inc. (a)(b) | 328,944 | 536,179 | |
1,950,049,336 | |||
Health Care Equipment & Supplies - 3.6% | |||
Abbott Laboratories | 2,822,851 | 356,723,681 | |
Abiomed, Inc. (a) | 71,971 | 26,194,565 | |
Accelerate Diagnostics, Inc. (a)(b) | 51,710 | 323,188 | |
Accuray, Inc. (a)(b) | 143,156 | 582,645 | |
Acutus Medical, Inc. (a)(b) | 19,655 | 251,387 | |
Aethlon Medical, Inc. (a) | 25,344 | 94,280 | |
Align Technology, Inc. (a) | 114,351 | 81,074,859 | |
Alphatec Holdings, Inc. (a) | 101,692 | 1,472,500 | |
Angiodynamics, Inc. (a) | 60,440 | 1,710,452 | |
Apollo Endosurgery, Inc. (a) | 16,682 | 147,636 | |
Apyx Medical Corp. (a) | 41,290 | 487,635 | |
Asensus Surgical, Inc. (a) | 410,079 | 902,174 | |
Aspira Women's Health, Inc. (a)(b) | 97,584 | 371,795 | |
Atricure, Inc. (a) | 74,191 | 5,461,941 | |
Atrion Corp. | 2,373 | 1,647,004 | |
Avanos Medical, Inc. (a) | 78,830 | 2,601,390 | |
Avinger, Inc. (a) | 153,862 | 137,706 | |
AxoGen, Inc. (a) | 54,067 | 922,383 | |
Axonics Modulation Technologies, Inc. (a) | 55,877 | 4,189,657 | |
Baxter International, Inc. | 800,643 | 61,025,009 | |
Becton, Dickinson & Co. | 462,422 | 116,391,617 | |
Bellerophon Therapeutics, Inc. (a) | 7,640 | 32,088 | |
Beyond Air, Inc. (a)(b) | 25,586 | 281,446 | |
BioLase Technology, Inc. (a)(b) | 267,636 | 205,411 | |
BioLife Solutions, Inc. (a) | 48,948 | 2,856,605 | |
Biomerica, Inc. (a)(b) | 3,201 | 14,340 | |
BioSig Technologies, Inc. (a) | 30,625 | 96,469 | |
Bioventus, Inc. | 9,693 | 140,645 | |
Boston Scientific Corp. (a) | 2,256,293 | 101,871,629 | |
Butterfly Network, Inc. Class A (a)(b) | 231,287 | 2,858,707 | |
Cardiovascular Systems, Inc. (a) | 64,374 | 2,303,945 | |
Cerus Corp. (a)(b) | 263,959 | 1,702,536 | |
Chembio Diagnostics, Inc. (a)(b) | 13,955 | 38,237 | |
ClearPoint Neuro, Inc. (a)(b) | 24,679 | 465,693 | |
Co-Diagnostics, Inc. (a) | 43,909 | 472,022 | |
ConforMis, Inc. (a) | 293,619 | 490,344 | |
CONMED Corp. | 45,640 | 5,994,358 | |
Cryolife, Inc. (a)(b) | 63,237 | 1,659,339 | |
CryoPort, Inc. (a)(b) | 73,207 | 4,653,769 | |
Cutera, Inc. (a)(b) | 27,141 | 1,349,993 | |
CytoSorbents Corp. (a)(b) | 62,586 | 598,948 | |
Danaher Corp. | 1,008,513 | 326,919,574 | |
Dare Bioscience, Inc. (a)(b) | 83,204 | 145,607 | |
DarioHealth Corp. (a)(b) | 19,331 | 260,775 | |
Delcath Systems, Inc. (a)(b) | 4,791 | 47,910 | |
Dentsply Sirona, Inc. | 346,797 | 21,397,375 | |
DexCom, Inc. (a) | 153,613 | 81,325,794 | |
Eargo, Inc. (a)(b) | 22,432 | 448,864 | |
Edwards Lifesciences Corp. (a) | 987,717 | 115,740,678 | |
Ekso Bionics Holdings, Inc. (a)(b) | 14,838 | 70,926 | |
electroCore, Inc. (a) | 58,573 | 60,330 | |
Electromed, Inc. (a) | 6,101 | 75,835 | |
ENDRA Life Sciences, Inc. (a) | 38,471 | 73,095 | |
Envista Holdings Corp. (a) | 254,972 | 10,910,252 | |
Fonar Corp. (a) | 12,634 | 220,463 | |
Glaukos Corp. (a) | 71,743 | 4,278,035 | |
Globus Medical, Inc. (a) | 123,274 | 10,059,158 | |
Haemonetics Corp. (a) | 80,661 | 5,061,478 | |
Hancock Jaffe Laboratories, Inc. (a)(b) | 10,208 | 80,439 | |
Helius Medical Technologies, Inc. (U.S.) (a)(b) | 534 | 7,540 | |
Heska Corp. (a)(b) | 15,508 | 4,114,272 | |
Hill-Rom Holdings, Inc. | 104,718 | 15,244,846 | |
Hologic, Inc. (a) | 406,781 | 32,196,716 | |
ICU Medical, Inc. (a) | 31,346 | 6,248,825 | |
IDEXX Laboratories, Inc. (a) | 135,549 | 91,327,494 | |
Inari Medical, Inc. (a) | 15,078 | 1,234,285 | |
Inogen, Inc. (a) | 29,965 | 1,773,628 | |
Insulet Corp. (a) | 105,053 | 31,285,834 | |
Integer Holdings Corp. (a) | 52,921 | 5,228,066 | |
Integra LifeSciences Holdings Corp. (a) | 113,798 | 8,561,024 | |
Intersect ENT, Inc. (a) | 54,479 | 1,482,374 | |
IntriCon Corp. (a) | 10,720 | 241,200 | |
Intuitive Surgical, Inc. (a) | 188,037 | 198,108,262 | |
Invacare Corp. (a)(b) | 53,785 | 455,021 | |
INVO Bioscience, Inc. (a)(b) | 23,986 | 92,346 | |
IRadimed Corp. (a) | 7,211 | 243,443 | |
iRhythm Technologies, Inc. (a) | 46,041 | 2,200,760 | |
Iridex Corp. (a)(b) | 14,475 | 109,576 | |
Kewaunee Scientific Corp. (a) | 970 | 12,853 | |
Lantheus Holdings, Inc. (a) | 106,966 | 2,820,693 | |
LeMaitre Vascular, Inc. | 27,523 | 1,558,352 | |
LENSAR, Inc. (a)(b) | 16,562 | 147,071 | |
LivaNova PLC (a) | 82,733 | 6,841,192 | |
Lucira Health, Inc. | 12,311 | 112,399 | |
Masimo Corp. (a) | 80,532 | 21,867,659 | |
Medtronic PLC | 2,141,560 | 285,855,429 | |
Meridian Bioscience, Inc. (a) | 68,310 | 1,382,594 | |
Merit Medical Systems, Inc. (a) | 79,094 | 5,676,576 | |
Mesa Laboratories, Inc. | 7,747 | 2,067,829 | |
Microbot Medical, Inc. (a)(b) | 10,061 | 76,464 | |
Milestone Scientific, Inc. (a)(b) | 55,851 | 103,883 | |
Misonix, Inc. (a) | 20,700 | 525,780 | |
Motus GI Holdings, Inc. (a)(b) | 46,375 | 36,103 | |
Myomo, Inc. (a)(b) | 6,750 | 72,630 | |
NanoVibronix, Inc. (a) | 39,040 | 107,360 | |
Natus Medical, Inc. (a) | 54,207 | 1,437,570 | |
Nemaura Medical, Inc. (a)(b) | 15,517 | 108,464 | |
Neogen Corp. (a) | 170,176 | 7,450,305 | |
Neuronetics, Inc. (a) | 29,258 | 196,614 | |
NeuroPace, Inc. (a)(b) | 9,942 | 211,168 | |
Nevro Corp. (a) | 55,481 | 6,768,682 | |
Novocure Ltd. (a) | 136,370 | 18,302,218 | |
NuVasive, Inc. (a) | 83,296 | 5,176,013 | |
Nuwellis, Inc. (a) | 9,397 | 37,964 | |
OraSure Technologies, Inc. (a)(b) | 114,677 | 1,255,713 | |
Ortho Clinical Diagnostics Holdings PLC | 133,973 | 2,738,408 | |
Orthofix International NV (a) | 29,501 | 1,250,842 | |
OrthoPediatrics Corp. (a)(b) | 22,143 | 1,552,224 | |
Outset Medical, Inc. | 32,549 | 1,604,340 | |
PAVmed, Inc. (a)(b) | 117,738 | 859,487 | |
Penumbra, Inc. (a) | 53,372 | 14,674,631 | |
Predictive Oncology, Inc. (a) | 75,628 | 80,922 | |
Pro-Dex, Inc. (a)(b) | 4,562 | 114,962 | |
Pulmonx Corp. | 20,295 | 815,656 | |
Pulse Biosciences, Inc. (a)(b) | 22,939 | 594,120 | |
Quidel Corp. (a)(b) | 61,460 | 7,925,267 | |
Quotient Ltd. (a)(b) | 147,507 | 452,846 | |
Repro Medical Systems, Inc. (a)(b) | 30,290 | 98,443 | |
Reshape Lifesciences, Inc. (a)(b) | 178 | 616 | |
ResMed, Inc. | 231,120 | 67,147,294 | |
Retractable Technologies, Inc. (a)(b) | 20,751 | 267,273 | |
Rockwell Medical Technologies, Inc. (a)(b) | 82,108 | 54,520 | |
Sanara Medtech, Inc. (a) | 2,643 | 90,179 | |
Seaspine Holdings Corp. (a) | 46,780 | 784,968 | |
Second Sight Medical Products, Inc. (a) | 21,069 | 81,326 | |
Senseonics Holdings, Inc. (a)(b) | 522,084 | 2,093,557 | |
Shockwave Medical, Inc. (a) | 50,373 | 10,790,400 | |
SI-BONE, Inc. (a) | 41,873 | 1,022,120 | |
Sientra, Inc. (a)(b) | 76,172 | 463,126 | |
Silk Road Medical, Inc. (a)(b) | 53,992 | 3,200,646 | |
Sintx Technologies, Inc. (a)(b) | 35,965 | 51,430 | |
SmileDirectClub, Inc. (a)(b) | 138,143 | 759,787 | |
Soliton, Inc. (a) | 16,700 | 351,201 | |
Staar Surgical Co. (a) | 74,586 | 11,521,299 | |
Stereotaxis, Inc. (a) | 91,596 | 646,668 | |
STERIS PLC | 154,795 | 33,282,473 | |
STRATA Skin Sciences, Inc. (a) | 566 | 787 | |
Stryker Corp. | 520,463 | 144,220,297 | |
Surgalign Holdings, Inc. (a)(b) | 139,754 | 212,426 | |
SurModics, Inc. (a) | 24,724 | 1,485,171 | |
Tactile Systems Technology, Inc. (a)(b) | 29,608 | 1,316,964 | |
Talis Biomedical Corp. | 29,289 | 236,069 | |
Tandem Diabetes Care, Inc. (a) | 103,593 | 11,620,027 | |
Tela Bio, Inc. (a) | 6,272 | 82,163 | |
Teleflex, Inc. | 74,103 | 29,304,772 | |
The Cooper Companies, Inc. | 78,410 | 35,340,171 | |
Thermogenesis Holdings, Inc. (a) | 57 | 140 | |
TransMedics Group, Inc. (a) | 39,511 | 1,291,219 | |
Treace Medical Concepts, Inc. (a) | 24,916 | 629,129 | |
Utah Medical Products, Inc. | 6,131 | 543,207 | |
Vapotherm, Inc. (a) | 38,832 | 1,073,705 | |
Varex Imaging Corp. (a) | 60,985 | 1,778,932 | |
Venus Concept, Inc. (a) | 16,173 | 36,874 | |
ViewRay, Inc. (a)(b) | 188,234 | 1,136,933 | |
Viveve Medical, Inc. (a) | 32 | 89 | |
VolitionRx Ltd. (a)(b) | 47,456 | 156,605 | |
West Pharmaceutical Services, Inc. | 117,334 | 52,990,381 | |
Zimmer Biomet Holdings, Inc. | 331,079 | 49,810,836 | |
Zomedica Corp. (a) | 1,469,468 | 937,227 | |
Zosano Pharma Corp. (a)(b) | 130,714 | 92,349 | |
Zynex, Inc. (a)(b) | 27,900 | 374,139 | |
2,638,383,349 | |||
Health Care Providers & Services - 2.4% | |||
1Life Healthcare, Inc. (a) | 121,331 | 2,973,823 | |
Acadia Healthcare Co., Inc. (a) | 142,520 | 9,423,422 | |
Accolade, Inc. (a) | 25,148 | 1,191,512 | |
AdaptHealth Corp. (a) | 161,628 | 3,885,537 | |
Addus HomeCare Corp. (a) | 24,562 | 2,208,615 | |
Agiliti, Inc. (a)(b) | 53,180 | 1,134,329 | |
agilon health, Inc. (a)(b) | 81,408 | 2,849,280 | |
Alignment Healthcare, Inc. (a) | 57,326 | 1,012,950 | |
Amedisys, Inc. (a) | 51,913 | 9,523,440 | |
AmerisourceBergen Corp. | 235,343 | 28,761,268 | |
AMN Healthcare Services, Inc. (a) | 75,845 | 8,609,924 | |
Anthem, Inc. | 388,502 | 145,738,755 | |
Apollo Medical Holdings, Inc. (a) | 31,512 | 2,392,076 | |
Apria, Inc. | 11,889 | 424,081 | |
Aveanna Healthcare Holdings, Inc. (a) | 88,069 | 831,371 | |
Biodesix, Inc. (a)(b) | 7,043 | 63,528 | |
Brookdale Senior Living, Inc. (a) | 290,814 | 2,122,942 | |
Caladrius Biosciences, Inc. (a) | 48,949 | 64,123 | |
Capital Senior Living Corp. (a)(b) | 2,526 | 93,159 | |
Cardinal Health, Inc. | 459,049 | 24,095,482 | |
Castle Biosciences, Inc. (a) | 30,502 | 2,340,418 | |
Centene Corp. (a) | 924,702 | 58,237,732 | |
Chemed Corp. | 25,427 | 12,121,051 | |
Cigna Corp. | 544,406 | 115,223,530 | |
Clover Health Investments Corp. (a)(b) | 189,049 | 1,622,040 | |
Community Health Systems, Inc. (a) | 197,459 | 2,430,720 | |
Corvel Corp. (a) | 14,864 | 2,449,736 | |
Covetrus, Inc. (a) | 159,951 | 3,613,293 | |
Cross Country Healthcare, Inc. (a) | 52,898 | 1,150,532 | |
CVS Health Corp. | 2,090,238 | 180,575,661 | |
DaVita HealthCare Partners, Inc. (a) | 111,169 | 14,537,570 | |
Encompass Health Corp. | 157,597 | 12,363,485 | |
Enzo Biochem, Inc. (a) | 55,775 | 204,137 | |
Exagen, Inc. (a) | 10,039 | 141,550 | |
Five Star Senior Living, Inc. (a) | 29,657 | 137,905 | |
Fulgent Genetics, Inc. (a)(b) | 27,452 | 2,504,720 | |
Great Elm Group, Inc. (a) | 40,893 | 96,916 | |
Guardant Health, Inc. (a) | 136,315 | 17,348,810 | |
Hanger, Inc. (a) | 61,041 | 1,457,659 | |
HCA Holdings, Inc. | 417,154 | 105,531,619 | |
HealthEquity, Inc. (a) | 132,179 | 8,481,926 | |
Henry Schein, Inc. (a) | 223,228 | 16,873,805 | |
Hims & Hers Health, Inc. (a) | 124,504 | 981,092 | |
Humana, Inc. | 204,758 | 83,012,988 | |
InfuSystems Holdings, Inc. (a) | 24,389 | 347,543 | |
Innovage Holding Corp. (a)(b) | 49,959 | 750,884 | |
Laboratory Corp. of America Holdings (a) | 154,745 | 46,946,538 | |
LHC Group, Inc. (a) | 50,438 | 9,419,801 | |
Magellan Health Services, Inc. (a) | 38,340 | 3,627,731 | |
McKesson Corp. | 250,986 | 51,236,282 | |
MEDNAX, Inc. (a) | 133,900 | 4,299,529 | |
Modivcare, Inc. (a) | 19,500 | 3,846,570 | |
Molina Healthcare, Inc. (a) | 92,851 | 24,955,563 | |
National Healthcare Corp. | 17,604 | 1,300,055 | |
National Research Corp. Class A | 21,971 | 1,186,434 | |
Ontrak, Inc. (a)(b) | 11,611 | 140,725 | |
Option Care Health, Inc. (a) | 189,892 | 5,079,611 | |
Owens & Minor, Inc. | 117,503 | 4,380,512 | |
Patterson Companies, Inc. | 135,533 | 4,152,731 | |
Pennant Group, Inc. (a) | 38,054 | 1,163,311 | |
PetIQ, Inc. Class A (a)(b) | 38,876 | 1,008,832 | |
Precipio, Inc. (a)(b) | 37,582 | 126,651 | |
Premier, Inc. | 109,957 | 4,088,201 | |
Privia Health Group, Inc. (a)(b) | 37,895 | 1,129,650 | |
Progenity, Inc. (a)(b) | 24,206 | 21,536 | |
Progyny, Inc. (a)(b) | 57,601 | 3,218,168 | |
Psychemedics Corp. (a)(b) | 1,921 | 15,733 | |
Quest Diagnostics, Inc. (b) | 206,354 | 31,537,082 | |
R1 RCM, Inc. (a) | 220,802 | 4,354,215 | |
RadNet, Inc. (a) | 68,384 | 2,147,941 | |
Select Medical Holdings Corp. | 171,824 | 5,939,956 | |
Sharps Compliance Corp. (a)(b) | 16,557 | 148,847 | |
Signify Health, Inc. | 39,888 | 1,036,689 | |
SOC Telemed, Inc. Class A (a) | 84,270 | 228,372 | |
Surgery Partners, Inc. (a) | 46,308 | 2,278,354 | |
Tenet Healthcare Corp. (a) | 169,412 | 12,765,194 | |
The Ensign Group, Inc. | 79,934 | 6,528,210 | |
The Joint Corp. (a) | 21,279 | 2,174,075 | |
Tivity Health, Inc. (a) | 68,189 | 1,585,394 | |
Triple-S Management Corp. (a)(b) | 40,849 | 1,450,140 | |
U.S. Physical Therapy, Inc. | 19,753 | 2,319,002 | |
UnitedHealth Group, Inc. | 1,500,657 | 624,678,489 | |
Universal Health Services, Inc. Class B | 123,917 | 19,301,312 | |
1,781,754,375 | |||
Health Care Technology - 0.3% | |||
Allscripts Healthcare Solutions, Inc. (a)(b) | 233,076 | 3,580,047 | |
American Well Corp. | 92,378 | 989,368 | |
CareCloud, Inc. (a)(b) | 4,478 | 37,526 | |
Castlight Health, Inc. Class B (a) | 152,057 | 275,223 | |
Cerner Corp. | 477,988 | 36,494,384 | |
Certara, Inc. (b) | 63,712 | 2,138,812 | |
Change Healthcare, Inc. (a) | 366,276 | 7,995,805 | |
Computer Programs & Systems, Inc. | 19,602 | 697,243 | |
Evolent Health, Inc. (a)(b) | 124,447 | 3,056,418 | |
Forian, Inc. (a) | 20,350 | 248,474 | |
GoodRx Holdings, Inc. (b) | 111,093 | 4,223,756 | |
Health Catalyst, Inc. (a)(b) | 59,308 | 3,238,810 | |
HealthStream, Inc. (a) | 43,232 | 1,313,820 | |
HTG Molecular Diagnostics (a)(b) | 3,005 | 20,434 | |
iCAD, Inc. (a) | 34,731 | 418,856 | |
Inovalon Holdings, Inc. Class A (a) | 125,260 | 5,116,871 | |
Inspire Medical Systems, Inc. (a) | 43,550 | 9,736,038 | |
MultiPlan Corp. Class A (a)(b) | 439,719 | 2,638,314 | |
NantHealth, Inc. (a) | 57,911 | 127,404 | |
Nextgen Healthcare, Inc. (a) | 95,142 | 1,451,867 | |
Omnicell, Inc. (a) | 68,573 | 10,647,330 | |
OptimizeRx Corp. (a)(b) | 22,377 | 1,480,910 | |
Phreesia, Inc. (a) | 56,635 | 4,052,234 | |
Schrodinger, Inc. (a) | 57,103 | 3,408,478 | |
Simulations Plus, Inc. (b) | 21,877 | 969,151 | |
Streamline Health Solutions, Inc. (a) | 94,959 | 164,279 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 34,118 | 1,068,235 | |
Teladoc Health, Inc. (a)(b) | 211,911 | 30,604,187 | |
Veeva Systems, Inc. Class A (a) | 220,714 | 73,272,634 | |
Vocera Communications, Inc. (a) | 50,773 | 2,461,983 | |
211,928,891 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 118,377 | 20,824,882 | |
Adaptive Biotechnologies Corp. (a) | 134,839 | 4,897,352 | |
Agilent Technologies, Inc. | 482,215 | 84,614,266 | |
Akoya Biosciences, Inc. (a) | 10,639 | 169,905 | |
Applied DNA Sciences, Inc. (a)(b) | 641 | 3,756 | |
Avantor, Inc. (a) | 826,929 | 32,614,080 | |
Berkeley Lights, Inc. (a) | 14,048 | 499,547 | |
Bio-Rad Laboratories, Inc. Class A (a) | 34,353 | 27,647,981 | |
Bio-Techne Corp. | 61,579 | 30,736,542 | |
BioNano Genomics, Inc. (a)(b) | 457,006 | 2,664,345 | |
Bruker Corp. | 163,124 | 14,405,480 | |
Champions Oncology, Inc. (a) | 6,812 | 66,008 | |
Charles River Laboratories International, Inc. (a) | 80,200 | 35,597,572 | |
ChromaDex, Inc. (a)(b) | 81,329 | 693,736 | |
Codexis, Inc. (a)(b) | 91,211 | 2,464,521 | |
Fluidigm Corp. (a)(b) | 109,764 | 791,398 | |
Harvard Bioscience, Inc. (a) | 56,746 | 468,722 | |
Illumina, Inc. (a) | 231,581 | 105,869,570 | |
Inotiv, Inc. (a)(b) | 15,388 | 400,550 | |
IQVIA Holdings, Inc. (a) | 304,970 | 79,209,858 | |
Maravai LifeSciences Holdings, Inc. | 163,184 | 9,657,229 | |
Medpace Holdings, Inc. (a) | 43,550 | 7,941,343 | |
Mettler-Toledo International, Inc. (a) | 36,873 | 57,257,501 | |
Nanostring Technologies, Inc. (a) | 70,765 | 4,118,523 | |
NeoGenomics, Inc. (a) | 185,869 | 9,036,951 | |
Pacific Biosciences of California, Inc. (a) | 313,940 | 9,829,461 | |
PerkinElmer, Inc. | 177,280 | 32,761,344 | |
Personalis, Inc. (a) | 45,340 | 960,301 | |
PPD, Inc. (a) | 173,903 | 8,053,448 | |
Quanterix Corp. (a) | 43,837 | 2,237,879 | |
Seer, Inc. (b) | 22,758 | 909,865 | |
Sotera Health Co. | 119,015 | 2,911,107 | |
Syneos Health, Inc. (a) | 160,963 | 14,934,147 | |
Thermo Fisher Scientific, Inc. | 625,403 | 347,067,395 | |
Waters Corp. (a) | 97,533 | 40,380,613 | |
992,697,178 | |||
Pharmaceuticals - 3.2% | |||
9 Meters Biopharma, Inc. (a) | 348,519 | 453,075 | |
Aadi Bioscience, Inc. (a) | 5,668 | 147,651 | |
Aadi Bioscience, Inc. rights (a)(c) | 85,026 | 1,701 | |
AcelRx Pharmaceuticals, Inc. (a) | 161,025 | 180,348 | |
Acer Therapeutics, Inc. (a)(b) | 6,588 | 17,326 | |
Aclaris Therapeutics, Inc. (a) | 70,209 | 1,138,088 | |
Adamis Pharmaceuticals Corp. (a)(b) | 200,206 | 218,225 | |
Adial Pharmaceuticals, Inc. (a)(b) | 12,772 | 52,365 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 71,273 | 1,062,680 | |
Agile Therapeutics, Inc. (a)(b) | 85,784 | 99,509 | |
Alimera Sciences, Inc. (a) | 1,036 | 6,206 | |
Amneal Pharmaceuticals, Inc. (a) | 186,979 | 1,054,562 | |
Amphastar Pharmaceuticals, Inc. (a) | 53,793 | 1,057,570 | |
Ampio Pharmaceuticals, Inc. (a)(b) | 268,882 | 440,966 | |
Angion Biomedica Corp. (b) | 6,656 | 73,283 | |
ANI Pharmaceuticals, Inc. (a) | 13,713 | 415,915 | |
Antares Pharma, Inc. (a) | 245,368 | 966,750 | |
Aquestive Therapeutics, Inc. (a)(b) | 29,801 | 136,489 | |
Arvinas Holding Co. LLC (a) | 52,270 | 4,506,197 | |
Assertio Holdings, Inc. (a)(b) | 51,237 | 54,824 | |
AstraZeneca PLC rights (a)(c) | 7,692 | 0 | |
Atea Pharmaceuticals, Inc. (b) | 21,147 | 628,489 | |
Athira Pharma, Inc. (b) | 24,301 | 257,348 | |
Avalo Therapeutics, Inc. (a) | 179,951 | 557,848 | |
Avenue Therapeutics, Inc. (a)(b) | 6,166 | 11,160 | |
Axsome Therapeutics, Inc. (a)(b) | 40,072 | 1,029,049 | |
Aytu BioScience, Inc. (a)(b) | 31,782 | 120,772 | |
Baudax Bio, Inc. (a)(b) | 77,004 | 48,513 | |
Biodelivery Sciences International, Inc. (a) | 189,534 | 731,601 | |
Bristol-Myers Squibb Co. | 3,552,856 | 237,543,952 | |
Cara Therapeutics, Inc. (a)(b) | 63,036 | 994,708 | |
Cassava Sciences, Inc. (a)(b) | 58,033 | 3,299,176 | |
Catalent, Inc. (a) | 270,788 | 35,321,587 | |
Citius Pharmaceuticals, Inc. (a)(b) | 167,327 | 376,486 | |
Clearside Biomedical, Inc. (a) | 75,812 | 522,345 | |
Clever Leaves Holdings, Inc. (a)(b) | 37,601 | 348,185 | |
Cocrystal Pharma, Inc. (a) | 102,307 | 119,699 | |
Collegium Pharmaceutical, Inc. (a) | 55,936 | 1,148,366 | |
Corcept Therapeutics, Inc. (a) | 162,810 | 3,464,597 | |
CorMedix, Inc. (a) | 59,573 | 384,842 | |
Cumberland Pharmaceuticals, Inc. (a) | 5,048 | 14,538 | |
CymaBay Therapeutics, Inc. (a) | 111,875 | 443,025 | |
Durect Corp. (a)(b) | 300,972 | 418,351 | |
Edgewise Therapeutics, Inc. (a)(b) | 37,944 | 601,033 | |
Elanco Animal Health, Inc. (a) | 750,633 | 25,056,130 | |
Elanco Animal Health, Inc. rights (a)(c) | 71,624 | 1 | |
Eli Lilly & Co. | 1,265,969 | 326,987,133 | |
Eloxx Pharmaceuticals, Inc. (a)(b) | 111,164 | 180,086 | |
Endo International PLC (a) | 355,706 | 814,567 | |
Enveric Biosciences, Inc. (a)(b) | 23,136 | 46,041 | |
Esperion Therapeutics, Inc. (a)(b) | 39,960 | 520,279 | |
Eton Pharmaceuticals, Inc. (a)(b) | 19,284 | 101,627 | |
Evofem Biosciences, Inc. (a)(b) | 215,370 | 191,033 | |
Evoke Pharma, Inc. (a)(b) | 5,940 | 6,950 | |
Evolus, Inc. (a)(b) | 49,047 | 519,898 | |
Eyenovia, Inc. (a)(b) | 16,586 | 91,223 | |
Eyepoint Pharmaceuticals, Inc. (a)(b) | 29,432 | 321,986 | |
Fulcrum Therapeutics, Inc. (a)(b) | 32,894 | 976,952 | |
Graybug Vision, Inc. (b) | 6,561 | 28,737 | |
Harrow Health, Inc. (a)(b) | 36,339 | 385,193 | |
Hepion Pharmaceuticals, Inc. (a)(b) | 105,370 | 169,646 | |
Ikena Oncology, Inc. (a) | 7,213 | 92,831 | |
IMARA, Inc. (a) | 8,877 | 42,521 | |
Innoviva, Inc. (a) | 104,480 | 1,594,365 | |
Intra-Cellular Therapies, Inc. (a) | 115,549 | 3,836,227 | |
Jaguar Health, Inc. (a)(b) | 192,246 | 230,695 | |
Jazz Pharmaceuticals PLC (a) | 95,962 | 12,639,155 | |
Johnson & Johnson | 4,187,946 | 725,059,091 | |
Kala Pharmaceuticals, Inc. (a)(b) | 77,128 | 260,693 | |
Kaleido Biosciences, Inc. (a)(b) | 29,927 | 183,752 | |
KemPharm, Inc. (a) | 41,805 | 388,787 | |
Landos Biopharma, Inc. | 9,145 | 121,446 | |
Lannett Co., Inc. (a) | 54,109 | 190,464 | |
Lipocine, Inc. (a)(b) | 129,114 | 169,139 | |
Liquidia Technologies, Inc. (a) | 38,093 | 101,708 | |
Lyra Therapeutics, Inc. (a)(b) | 173 | 1,235 | |
Marinus Pharmaceuticals, Inc. (a)(b) | 48,200 | 595,752 | |
Merck & Co., Inc. | 4,024,120 | 307,000,115 | |
MyMD Pharmaceuticals, Inc. (a) | 46,364 | 301,366 | |
Nektar Therapeutics (a)(b) | 287,218 | 4,446,135 | |
NGM Biopharmaceuticals, Inc. (a) | 50,552 | 1,103,550 | |
NovaBay Pharmaceuticals, Inc. (a)(b) | 4,499 | 3,029 | |
Novan, Inc. (a)(b) | 20,460 | 196,211 | |
Nuvation Bio, Inc. (a)(b) | 118,100 | 1,090,063 | |
Ocular Therapeutix, Inc. (a) | 116,440 | 1,229,606 | |
Ocuphire Pharma, Inc. (a)(b) | 621 | 2,763 | |
Ocuphire Pharma, Inc. rights (a)(c) | 621 | 565 | |
Odonate Therapeutics, Inc. (a) | 30,486 | 105,786 | |
Omeros Corp. (a)(b) | 102,323 | 1,667,865 | |
Onconova Therapeutics, Inc. (a)(b) | 23,169 | 123,491 | |
Opiant Pharmaceuticals, Inc. (a) | 7,158 | 124,334 | |
OptiNose, Inc. (a)(b) | 48,331 | 140,643 | |
Organon & Co. | 402,106 | 13,627,372 | |
Osmotica Pharmaceuticals PLC (a)(b) | 15,165 | 53,381 | |
Otonomy, Inc. (a) | 64,513 | 100,640 | |
Pacira Biosciences, Inc. (a) | 68,893 | 4,084,666 | |
Palisade Bio, Inc. (a) | 47 | 132 | |
Palisade Bio, Inc. rights (a)(c) | 289 | 0 | |
Paratek Pharmaceuticals, Inc. (a)(b) | 56,395 | 313,556 | |
Perrigo Co. PLC | 210,865 | 8,634,922 | |
Petros Pharmaceuticals, Inc. (a)(b) | 1,091 | 2,455 | |
Pfizer, Inc. | 8,893,640 | 409,729,995 | |
Phathom Pharmaceuticals, Inc. (a) | 19,221 | 684,075 | |
Phibro Animal Health Corp. Class A | 34,319 | 833,609 | |
Pliant Therapeutics, Inc. (a)(b) | 12,956 | 236,317 | |
PLx Pharma PLC (a)(b) | 35,408 | 627,076 | |
Prestige Brands Holdings, Inc. (a)(b) | 81,607 | 4,683,426 | |
Processa Pharmaceuticals, Inc. | 8,812 | 57,454 | |
ProPhase Labs, Inc. (b) | 16,656 | 89,276 | |
Provention Bio, Inc. (a)(b) | 78,461 | 526,473 | |
Pulmatrix, Inc. (a)(b) | 89,047 | 73,010 | |
Rain Therapeutics, Inc. (a)(b) | 9,355 | 163,993 | |
Reata Pharmaceuticals, Inc. (a)(b) | 41,965 | 4,469,692 | |
Relmada Therapeutics, Inc. (a) | 23,122 | 552,847 | |
Revance Therapeutics, Inc. (a)(b) | 105,704 | 2,830,753 | |
Royalty Pharma PLC | 136,413 | 5,272,362 | |
Satsuma Pharmaceuticals, Inc. (a) | 10,782 | 53,155 | |
scPharmaceuticals, Inc. (a) | 4,001 | 25,086 | |
SCYNEXIS, Inc. (a)(b) | 25,141 | 163,919 | |
Seelos Therapeutics, Inc. (a) | 135,701 | 298,542 | |
Seelos Therapeutics, Inc. rights (a)(b)(c) | 1,387 | 0 | |
SIGA Technologies, Inc. (a) | 87,801 | 573,341 | |
Strongbridge Biopharma PLC (a) | 72,002 | 162,005 | |
Supernus Pharmaceuticals, Inc. (a) | 81,268 | 2,237,308 | |
Tarsus Pharmaceuticals, Inc. (a) | 9,411 | 249,392 | |
Teligent, Inc. (a) | 9,911 | 3,933 | |
Terns Pharmaceuticals, Inc. | 10,067 | 135,502 | |
TFF Pharmaceuticals, Inc. (a)(b) | 16,550 | 142,661 | |
TherapeuticsMD, Inc. (a)(b) | 557,473 | 443,191 | |
Theravance Biopharma, Inc. (a) | 83,308 | 691,456 | |
Timber Pharmaceuticals, Inc. (a)(b) | 207 | 191 | |
Titan Pharmaceuticals, Inc. (a) | 44 | 99 | |
Tricida, Inc. (a)(b) | 43,460 | 188,616 | |
Verrica Pharmaceuticals, Inc. (a)(b) | 20,129 | 225,445 | |
Viatris, Inc. | 1,920,137 | 28,091,604 | |
Vyne Therapeutics, Inc. (a)(b) | 75,926 | 129,074 | |
WAVE Life Sciences (a) | 48,055 | 304,188 | |
Xeris Pharmaceuticals, Inc. (a)(b) | 99,026 | 273,312 | |
Zoetis, Inc. Class A | 755,149 | 154,473,279 | |
Zogenix, Inc. (a)(b) | 97,906 | 1,449,988 | |
Zynerba Pharmaceuticals, Inc. (a)(b) | 56,274 | 249,294 | |
2,368,122,328 | |||
TOTAL HEALTH CARE | 9,942,935,457 | ||
INDUSTRIALS - 9.1% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. (a) | 52,938 | 1,791,951 | |
Aerojet Rocketdyne Holdings, Inc. | 120,883 | 5,019,062 | |
AeroVironment, Inc. (a) | 35,488 | 3,632,552 | |
AerSale Corp. (a)(b) | 9,036 | 122,257 | |
Air Industries Group, Inc. (a)(b) | 17,165 | 20,426 | |
Astronics Corp. (a) | 36,467 | 487,199 | |
Astrotech Corp. (a) | 1,228 | 1,363 | |
Axon Enterprise, Inc. (a) | 102,668 | 18,672,229 | |
BWX Technologies, Inc. | 151,790 | 8,717,300 | |
Byrna Technologies, Inc. (a) | 47,459 | 1,389,600 | |
CPI Aerostructures, Inc. (a) | 4,217 | 13,326 | |
Curtiss-Wright Corp. | 65,035 | 7,919,962 | |
Ducommun, Inc. (a) | 17,391 | 916,506 | |
General Dynamics Corp. | 364,044 | 72,921,654 | |
HEICO Corp. | 82,275 | 10,434,116 | |
HEICO Corp. Class A | 107,143 | 12,240,016 | |
Hexcel Corp. (a)(b) | 134,376 | 7,620,463 | |
Howmet Aerospace, Inc. | 625,626 | 19,863,626 | |
Huntington Ingalls Industries, Inc. | 62,894 | 12,841,068 | |
Innovative Solutions & Support, Inc. | 15,429 | 109,083 | |
Kaman Corp. | 44,496 | 1,738,904 | |
Kratos Defense & Security Solutions, Inc. (a) | 195,937 | 4,843,563 | |
L3Harris Technologies, Inc. | 326,618 | 76,105,260 | |
Lockheed Martin Corp. | 387,879 | 139,558,864 | |
Maxar Technologies, Inc. | 114,940 | 3,653,943 | |
Mercury Systems, Inc. (a) | 88,054 | 4,436,161 | |
Moog, Inc. Class A | 49,726 | 3,950,233 | |
National Presto Industries, Inc. | 8,226 | 687,200 | |
Northrop Grumman Corp. | 237,240 | 87,233,148 | |
PAE, Inc. (a)(b) | 97,345 | 651,238 | |
Park Aerospace Corp. | 27,998 | 408,211 | |
Parsons Corp. (a)(b) | 36,800 | 1,303,824 | |
Raytheon Technologies Corp. | 2,412,284 | 204,465,192 | |
SIFCO Industries, Inc. (a) | 3,677 | 29,637 | |
Sigma Labs, Inc. (a)(b) | 24,802 | 84,575 | |
Spirit AeroSystems Holdings, Inc. Class A | 168,960 | 6,629,990 | |
Teledyne Technologies, Inc. (a) | 73,620 | 34,114,036 | |
Textron, Inc. | 357,393 | 25,971,749 | |
The Boeing Co. (a) | 872,710 | 191,559,845 | |
TransDigm Group, Inc. (a) | 87,054 | 52,882,693 | |
Triumph Group, Inc. (a) | 93,038 | 1,717,481 | |
Vectrus, Inc. (a) | 17,920 | 901,555 | |
Virgin Galactic Holdings, Inc. (a)(b) | 205,932 | 5,582,817 | |
VirTra, Inc. (a)(b) | 10,373 | 84,955 | |
1,033,328,833 | |||
Air Freight & Logistics - 0.6% | |||
Air T, Inc. (a) | 2,344 | 80,423 | |
Air Transport Services Group, Inc. (a) | 93,480 | 2,560,417 | |
Atlas Air Worldwide Holdings, Inc. (a) | 43,035 | 3,148,871 | |
C.H. Robinson Worldwide, Inc. | 211,146 | 19,015,809 | |
Echo Global Logistics, Inc. (a) | 43,503 | 1,430,379 | |
Expeditors International of Washington, Inc. | 269,016 | 33,530,154 | |
FedEx Corp. | 387,083 | 102,844,082 | |
Forward Air Corp. | 45,062 | 3,973,117 | |
GXO Logistics, Inc. (a) | 161,670 | 13,222,989 | |
Hub Group, Inc. Class A (a) | 53,490 | 3,754,998 | |
Radiant Logistics, Inc. (a) | 65,808 | 450,785 | |
United Parcel Service, Inc. Class B | 1,151,626 | 225,292,594 | |
409,304,618 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 192,789 | 11,054,521 | |
Allegiant Travel Co. (a) | 22,532 | 4,336,058 | |
American Airlines Group, Inc. (a)(b) | 1,006,285 | 20,065,323 | |
Blade Air Mobility, Inc. (a)(b) | 102,532 | 872,547 | |
Delta Air Lines, Inc. (a) | 1,009,951 | 40,842,418 | |
Frontier Group Holdings, Inc. (a) | 48,856 | 748,962 | |
Hawaiian Holdings, Inc. (a)(b) | 75,332 | 1,523,213 | |
JetBlue Airways Corp. (a) | 495,087 | 7,490,666 | |
Mesa Air Group, Inc. (a) | 46,703 | 372,690 | |
SkyWest, Inc. (a) | 82,222 | 3,835,656 | |
Southwest Airlines Co. (a) | 935,170 | 46,552,763 | |
Spirit Airlines, Inc. (a) | 189,537 | 4,649,343 | |
Sun Country Airlines Holdings, Inc. (a)(b) | 38,746 | 1,254,983 | |
United Airlines Holdings, Inc. (a) | 523,847 | 24,364,124 | |
167,963,267 | |||
Building Products - 0.7% | |||
A.O. Smith Corp. | 210,492 | 15,306,978 | |
AAON, Inc. | 65,950 | 4,491,855 | |
Advanced Drain Systems, Inc. | 78,982 | 9,015,795 | |
Allegion PLC | 142,212 | 20,477,106 | |
Alpha PRO Tech Ltd. (a)(b) | 16,469 | 133,070 | |
American Woodmark Corp. (a) | 25,743 | 1,813,852 | |
Apogee Enterprises, Inc. (b) | 41,015 | 1,762,825 | |
Armstrong Flooring, Inc. (a) | 37,559 | 132,208 | |
Armstrong World Industries, Inc. | 75,828 | 7,880,804 | |
Builders FirstSource, Inc. (a) | 328,777 | 17,520,526 | |
Carlisle Companies, Inc. | 83,452 | 17,586,674 | |
Carrier Global Corp. | 1,294,379 | 74,556,230 | |
Cornerstone Building Brands, Inc. (a) | 75,169 | 1,249,309 | |
CSW Industrials, Inc. | 23,221 | 3,083,517 | |
Fortune Brands Home & Security, Inc. | 218,778 | 21,302,414 | |
Gibraltar Industries, Inc. (a) | 51,839 | 3,870,300 | |
Griffon Corp. | 77,041 | 1,864,392 | |
Insteel Industries, Inc. | 31,347 | 1,159,839 | |
Jeld-Wen Holding, Inc. (a) | 150,130 | 4,134,580 | |
Johnson Controls International PLC | 1,137,970 | 85,120,156 | |
Lennox International, Inc. | 54,427 | 18,242,842 | |
Masco Corp. | 402,264 | 24,425,470 | |
Masonite International Corp. (a) | 38,895 | 4,654,954 | |
Owens Corning | 165,151 | 15,780,178 | |
PGT Innovations, Inc. (a) | 97,850 | 2,077,356 | |
Quanex Building Products Corp. | 51,752 | 1,219,277 | |
Resideo Technologies, Inc. (a) | 229,503 | 7,399,177 | |
Simpson Manufacturing Co. Ltd. | 70,021 | 7,922,876 | |
Tecnoglass, Inc. (b) | 31,196 | 713,141 | |
The AZEK Co., Inc. (a) | 226,168 | 9,609,878 | |
Trane Technologies PLC | 378,061 | 75,045,109 | |
Trex Co., Inc. (a) | 182,706 | 20,053,811 | |
UFP Industries, Inc. | 100,724 | 7,562,358 | |
View, Inc. Class A (a)(b) | 119,339 | 597,888 | |
487,766,745 | |||
Commercial Services & Supplies - 0.5% | |||
ABM Industries, Inc. | 106,985 | 5,297,897 | |
ACCO Brands Corp. | 163,699 | 1,533,860 | |
Acme United Corp. | 9,376 | 379,072 | |
ACV Auctions, Inc. Class A (a)(b) | 38,277 | 781,234 | |
ADT, Inc. | 236,271 | 2,022,480 | |
Aqua Metals, Inc. (a)(b) | 89,321 | 212,584 | |
ARC Document Solutions, Inc. | 47,602 | 134,714 | |
Brady Corp. Class A | 79,599 | 4,245,015 | |
BrightView Holdings, Inc. (a) | 49,863 | 764,400 | |
Casella Waste Systems, Inc. Class A (a) | 77,183 | 5,710,770 | |
CECO Environmental Corp. (a) | 48,247 | 364,265 | |
Charah Solutions, Inc. (a)(b) | 8,915 | 41,187 | |
Cimpress PLC (a) | 32,061 | 3,045,154 | |
Cintas Corp. | 140,333 | 55,539,591 | |
Clean Harbors, Inc. (a) | 81,172 | 8,329,871 | |
Copart, Inc. (a) | 331,408 | 47,828,803 | |
CoreCivic, Inc. (a) | 184,333 | 1,791,717 | |
Covanta Holding Corp. | 184,646 | 3,702,152 | |
Deluxe Corp. | 64,410 | 2,470,124 | |
Document Security Systems, Inc. (a) | 33,676 | 40,748 | |
Driven Brands Holdings, Inc. | 73,426 | 2,193,969 | |
Ennis, Inc. | 41,603 | 807,514 | |
Fuel Tech, Inc. (a) | 36,624 | 68,487 | |
Harsco Corp. (a) | 123,643 | 2,255,248 | |
Healthcare Services Group, Inc. | 118,454 | 3,098,757 | |
Heritage-Crystal Clean, Inc. (a) | 24,492 | 723,494 | |
Herman Miller, Inc. | 115,406 | 4,850,514 | |
HNI Corp. | 68,257 | 2,586,258 | |
IAA, Inc. (a) | 215,526 | 11,448,741 | |
Interface, Inc. | 99,933 | 1,437,037 | |
KAR Auction Services, Inc. (a) | 201,373 | 3,405,217 | |
Kimball International, Inc. Class B | 60,393 | 753,101 | |
Matthews International Corp. Class A | 51,046 | 1,890,233 | |
Montrose Environmental Group, Inc. (a) | 22,771 | 1,138,550 | |
MSA Safety, Inc. | 58,823 | 9,578,737 | |
NL Industries, Inc. | 6,623 | 45,301 | |
Odyssey Marine Exploration, Inc. (a)(b) | 13,660 | 75,813 | |
Performant Financial Corp. (a) | 59,448 | 256,815 | |
Perma-Fix Environmental Services, Inc. (a) | 4,892 | 28,227 | |
Pitney Bowes, Inc. | 271,890 | 2,031,018 | |
Quad/Graphics, Inc. (a) | 51,262 | 212,225 | |
Quest Resource Holding Corp. (a) | 10,660 | 70,996 | |
R.R. Donnelley & Sons Co. (a) | 105,289 | 516,969 | |
Recycling Asset Holdings, Inc. (a)(c) | 1,142 | 40 | |
Republic Services, Inc. | 335,106 | 41,596,708 | |
Rollins, Inc. | 352,236 | 13,709,025 | |
SP Plus Corp. (a) | 36,498 | 1,182,170 | |
Steelcase, Inc. Class A | 137,111 | 1,931,894 | |
Stericycle, Inc. (a) | 147,332 | 10,254,307 | |
Team, Inc. (a) | 50,049 | 224,220 | |
Tetra Tech, Inc. | 86,426 | 12,431,516 | |
The Brink's Co. | 81,275 | 6,352,454 | |
U.S. Ecology, Inc. (a) | 51,244 | 1,837,097 | |
UniFirst Corp. | 23,573 | 5,399,867 | |
Viad Corp. (a) | 32,024 | 1,383,117 | |
Vidler Water Resouces, Inc. (a) | 28,565 | 425,333 | |
Virco Manufacturing Co. (a) | 1,891 | 7,091 | |
VSE Corp. | 15,966 | 798,140 | |
Waste Management, Inc. | 616,365 | 95,604,375 | |
386,846,213 | |||
Construction & Engineering - 0.2% | |||
AECOM (a) | 231,425 | 15,172,223 | |
Ameresco, Inc. Class A (a)(b) | 36,372 | 2,515,124 | |
API Group Corp. (a)(d) | 245,802 | 5,700,148 | |
Arcosa, Inc. | 75,012 | 3,812,110 | |
Argan, Inc. | 22,516 | 1,042,491 | |
Comfort Systems U.S.A., Inc. | 57,420 | 4,362,772 | |
Concrete Pumping Holdings, Inc. (a) | 49,943 | 415,026 | |
Construction Partners, Inc. Class A (a)(b) | 53,034 | 1,775,048 | |
Dycom Industries, Inc. (a) | 48,747 | 3,672,112 | |
EMCOR Group, Inc. | 85,917 | 10,438,916 | |
Fluor Corp. (a)(b) | 200,581 | 3,341,679 | |
Granite Construction, Inc. | 72,759 | 2,949,650 | |
Great Lakes Dredge & Dock Corp. (a) | 111,001 | 1,677,225 | |
HC2 Holdings, Inc. (a)(b) | 108,565 | 410,376 | |
IES Holdings, Inc. (a)(b) | 34,588 | 1,691,353 | |
Infrastructure and Energy Alternatives, Inc. (a)(b) | 17,200 | 220,676 | |
iSun, Inc. (a)(b) | 5,821 | 47,441 | |
Limbach Holdings, Inc. (a) | 9,347 | 73,841 | |
MasTec, Inc. (a) | 88,144 | 8,059,887 | |
Matrix Service Co. (a) | 45,828 | 516,940 | |
MYR Group, Inc. (a) | 29,892 | 3,109,067 | |
Northwest Pipe Co. (a) | 14,039 | 363,891 | |
NV5 Global, Inc. (a) | 19,896 | 2,102,012 | |
Orbital Energy Group, Inc. (a)(b) | 42,364 | 144,885 | |
Orion Group Holdings, Inc. (a) | 65,396 | 355,100 | |
Primoris Services Corp. | 76,356 | 1,962,349 | |
Quanta Services, Inc. | 223,365 | 22,805,567 | |
Sterling Construction Co., Inc. (a) | 41,039 | 946,359 | |
Tutor Perini Corp. (a) | 63,623 | 917,444 | |
Valmont Industries, Inc. | 33,053 | 8,225,570 | |
Williams Industrial Services G (a) | 15,203 | 74,951 | |
Willscot Mobile Mini Holdings (a) | 320,183 | 9,477,417 | |
118,379,650 | |||
Electrical Equipment - 0.7% | |||
Acuity Brands, Inc. | 57,121 | 10,540,538 | |
Advent Technologies Holdings, Inc. Class A (a)(b) | 85,534 | 632,952 | |
Allied Motion Technologies, Inc. | 18,634 | 643,991 | |
American Superconductor Corp. (a)(b) | 34,421 | 512,873 | |
AMETEK, Inc. | 367,440 | 49,960,817 | |
Array Technologies, Inc. | 175,011 | 3,337,460 | |
Atkore, Inc. (a) | 74,285 | 6,891,419 | |
Ault Global Holdings, Inc. (a)(b) | 55,221 | 141,366 | |
AZZ, Inc. | 41,474 | 2,220,933 | |
Babcock & Wilcox Enterprises, Inc. (a) | 110,748 | 808,460 | |
Beam Global (a)(b) | 12,935 | 402,796 | |
Bloom Energy Corp. Class A (a)(b) | 195,176 | 4,180,670 | |
Broadwind, Inc. (a)(b) | 11,239 | 35,965 | |
Capstone Turbine Corp. (a)(b) | 19,527 | 92,363 | |
ChargePoint Holdings, Inc. Class A (a)(b) | 268,177 | 5,671,944 | |
Eaton Corp. PLC | 633,147 | 106,596,629 | |
Emerson Electric Co. | 953,087 | 100,550,679 | |
Encore Wire Corp. | 33,727 | 2,867,132 | |
Energous Corp. (a)(b) | 69,319 | 170,525 | |
Energy Focus, Inc. (a)(b) | 1,128 | 3,858 | |
EnerSys | 69,146 | 5,849,060 | |
Eos Energy Enterprises, Inc. (a)(b) | 61,950 | 800,394 | |
Espey Manufacturing & Electronics Corp. | 1,421 | 20,391 | |
Flux Power Holdings, Inc. (b) | 13,273 | 109,104 | |
FTC Solar, Inc. (a) | 26,011 | 282,219 | |
FuelCell Energy, Inc. (a)(b) | 494,700 | 3,086,928 | |
Generac Holdings, Inc. (a) | 99,774 | 43,599,243 | |
GrafTech International Ltd. | 248,641 | 2,752,456 | |
Hubbell, Inc. Class B | 86,004 | 17,726,284 | |
Ideal Power, Inc. (a)(b) | 8,368 | 138,072 | |
LSI Industries, Inc. | 34,207 | 283,918 | |
Nuvve Holding Corp. (a)(b) | 20,830 | 211,633 | |
nVent Electric PLC | 263,229 | 9,044,548 | |
Ocean Power Technologies, Inc. (a)(b) | 72,330 | 160,573 | |
Orion Energy Systems, Inc. (a) | 45,571 | 207,348 | |
Plug Power, Inc. (a)(b) | 811,478 | 21,147,117 | |
Polar Power, Inc. (a)(b) | 7,081 | 46,805 | |
Powell Industries, Inc. | 13,125 | 332,063 | |
Preformed Line Products Co. | 4,117 | 288,684 | |
Regal Beloit Corp. | 63,305 | 9,459,033 | |
Rockwell Automation, Inc. | 183,918 | 59,856,113 | |
Romeo Power, Inc. (a)(b) | 176,207 | 858,128 | |
Sensata Technologies, Inc. PLC (a) | 249,477 | 14,764,049 | |
Shoals Technologies Group, Inc. (b) | 145,746 | 4,746,947 | |
Stem, Inc. (a)(b) | 201,453 | 5,034,310 | |
Sunrun, Inc. (a)(b) | 253,908 | 11,235,429 | |
Sunworks, Inc. (a) | 40,952 | 308,778 | |
Thermon Group Holdings, Inc. (a) | 50,679 | 846,339 | |
TPI Composites, Inc. (a)(b) | 49,956 | 1,813,902 | |
Ultralife Corp. (a) | 35,865 | 293,734 | |
Vertiv Holdings Co. | 394,403 | 11,110,333 | |
Vicor Corp. (a) | 34,753 | 4,287,478 | |
Westwater Resources, Inc. (a)(b) | 45,895 | 179,449 | |
527,144,232 | |||
Industrial Conglomerates - 0.9% | |||
3M Co. | 920,924 | 179,340,740 | |
General Electric Co. | 1,741,808 | 183,603,981 | |
Honeywell International, Inc. | 1,105,548 | 256,387,637 | |
Raven Industries, Inc. | 57,283 | 3,342,463 | |
Roper Technologies, Inc. | 167,392 | 80,897,206 | |
703,572,027 | |||
Machinery - 1.9% | |||
AGCO Corp. | 98,586 | 13,567,405 | |
AgEagle Aerial Systems, Inc. (a)(b) | 92,813 | 328,558 | |
Agrify Corp. (b) | 20,317 | 577,003 | |
Alamo Group, Inc. | 15,756 | 2,442,338 | |
Albany International Corp. Class A | 48,139 | 3,770,728 | |
Allison Transmission Holdings, Inc. | 172,714 | 6,386,964 | |
Altra Industrial Motion Corp. | 98,595 | 5,773,723 | |
Astec Industries, Inc. (b) | 36,430 | 2,227,330 | |
Barnes Group, Inc. | 78,082 | 3,722,169 | |
Blue Bird Corp. (a) | 28,867 | 624,971 | |
Caterpillar, Inc. | 870,314 | 183,523,113 | |
Chart Industries, Inc. (a) | 56,459 | 10,635,746 | |
CIRCOR International, Inc. (a) | 31,076 | 1,110,967 | |
Colfax Corp. (a)(b) | 188,318 | 9,071,278 | |
Columbus McKinnon Corp. (NY Shares) | 46,628 | 2,147,219 | |
Commercial Vehicle Group, Inc. (a) | 49,365 | 518,826 | |
Crane Co. | 79,866 | 8,127,963 | |
Cummins, Inc. | 232,412 | 54,844,584 | |
Deere & Co. | 495,389 | 187,271,904 | |
Desktop Metal, Inc. (a)(b) | 228,722 | 1,898,393 | |
Donaldson Co., Inc. | 200,751 | 13,600,880 | |
Douglas Dynamics, Inc. | 37,087 | 1,473,837 | |
Dover Corp. | 227,963 | 39,747,629 | |
Eastern Co. (b) | 8,982 | 244,400 | |
Energy Recovery, Inc. (a) | 64,072 | 1,308,991 | |
Enerpac Tool Group Corp. Class A | 92,998 | 2,339,830 | |
EnPro Industries, Inc. | 32,910 | 2,814,134 | |
ESCO Technologies, Inc. | 41,927 | 3,778,461 | |
Evoqua Water Technologies Corp. (a) | 188,980 | 7,355,102 | |
ExOne Co. (a) | 25,594 | 628,333 | |
Federal Signal Corp. | 101,454 | 4,122,076 | |
Flowserve Corp. | 207,971 | 8,083,833 | |
Fortive Corp. | 536,822 | 39,655,041 | |
Franklin Electric Co., Inc. | 61,611 | 5,235,703 | |
FreightCar America, Inc. (a)(b) | 13,689 | 72,278 | |
Gates Industrial Corp. PLC (a) | 147,491 | 2,415,903 | |
Gencor Industries, Inc. (a) | 10,152 | 117,560 | |
Gorman-Rupp Co. | 30,271 | 1,061,604 | |
Graco, Inc. | 269,560 | 21,138,895 | |
Graham Corp. | 19,661 | 235,932 | |
Helios Technologies, Inc. | 48,465 | 3,955,713 | |
Hillenbrand, Inc. | 120,256 | 5,582,284 | |
Hurco Companies, Inc. | 8,700 | 290,319 | |
Hydrofarm Holdings Group, Inc. | 23,045 | 1,165,155 | |
Hyliion Holdings Corp. Class A (a)(b) | 159,192 | 1,405,665 | |
Hyster-Yale Materials Handling Class A | 15,771 | 924,338 | |
IDEX Corp. | 120,266 | 26,939,584 | |
Illinois Tool Works, Inc. | 457,358 | 106,500,384 | |
Ingersoll Rand, Inc. (a) | 616,931 | 32,709,682 | |
ITT, Inc. | 136,204 | 13,030,637 | |
John Bean Technologies Corp. | 50,620 | 7,384,952 | |
Kadant, Inc. | 18,432 | 3,854,500 | |
Kennametal, Inc. | 128,960 | 4,794,733 | |
L.B. Foster Co. Class A (a) | 14,144 | 241,155 | |
Lightning eMotors, Inc. (a)(b) | 43,434 | 393,078 | |
Lincoln Electric Holdings, Inc. | 93,492 | 13,052,418 | |
Lindsay Corp. | 17,700 | 2,916,075 | |
LiqTech International, Inc. (a)(b) | 36,587 | 192,813 | |
Lydall, Inc. (a) | 28,565 | 1,770,459 | |
Manitex International, Inc. (a) | 15,946 | 127,090 | |
Manitowoc Co., Inc. (a) | 54,859 | 1,330,331 | |
Mayville Engineering Co., Inc. (a) | 28,296 | 422,176 | |
Meritor, Inc. (a) | 115,425 | 2,737,881 | |
Middleby Corp. (a) | 88,467 | 16,184,153 | |
Miller Industries, Inc. | 17,789 | 662,107 | |
Mueller Industries, Inc. | 91,022 | 4,060,491 | |
Mueller Water Products, Inc. Class A | 257,600 | 4,281,312 | |
Nikola Corp. (a)(b) | 219,442 | 2,288,780 | |
NN, Inc. (a) | 70,310 | 382,486 | |
Nordson Corp. | 85,855 | 20,485,003 | |
Omega Flex, Inc. (b) | 5,326 | 809,552 | |
Oshkosh Corp. | 109,734 | 12,573,322 | |
Otis Worldwide Corp. | 639,930 | 59,014,345 | |
PACCAR, Inc. | 550,053 | 45,032,839 | |
Park-Ohio Holdings Corp. | 15,706 | 404,901 | |
Parker Hannifin Corp. | 204,459 | 60,656,852 | |
Pentair PLC | 262,808 | 20,278,265 | |
Perma-Pipe International Holdings, Inc. (a) | 248 | 1,741 | |
Proto Labs, Inc. (a) | 43,763 | 3,245,464 | |
RBC Bearings, Inc. (a) | 39,710 | 9,193,659 | |
REV Group, Inc. | 39,332 | 639,538 | |
Rexnord Corp. | 189,653 | 11,523,316 | |
Snap-On, Inc. | 85,580 | 19,251,221 | |
SPX Corp. (a) | 74,336 | 4,644,513 | |
SPX Flow, Inc. | 67,724 | 5,453,814 | |
Standex International Corp. | 19,575 | 1,942,623 | |
Stanley Black & Decker, Inc. | 255,909 | 49,459,532 | |
Tennant Co. | 29,822 | 2,206,232 | |
Terex Corp. | 112,082 | 5,721,786 | |
The Greenbrier Companies, Inc. (b) | 49,957 | 2,203,104 | |
The L.S. Starrett Co. Class A (a) | 3,411 | 25,207 | |
The Shyft Group, Inc. | 50,736 | 2,232,891 | |
Timken Co. | 109,094 | 8,022,773 | |
Titan International, Inc. (a) | 85,722 | 712,350 | |
Toro Co. | 170,182 | 18,709,809 | |
TriMas Corp. (a) | 70,955 | 2,278,365 | |
Trinity Industries, Inc. (b) | 137,203 | 3,983,003 | |
Twin Disc, Inc. (a) | 11,715 | 146,438 | |
Urban-Gro, Inc. (a) | 10,932 | 167,260 | |
Wabash National Corp. (b) | 88,082 | 1,368,794 | |
Watts Water Technologies, Inc. Class A | 43,124 | 7,398,785 | |
Welbilt, Inc. (a) | 207,390 | 4,852,926 | |
Westinghouse Air Brake Tech Co. | 281,137 | 25,243,291 | |
Woodward, Inc. | 93,640 | 11,324,822 | |
Xylem, Inc. | 285,853 | 38,964,622 | |
1,373,755,313 | |||
Marine - 0.0% | |||
Eagle Bulk Shipping, Inc. (a)(b) | 20,265 | 1,000,888 | |
Genco Shipping & Trading Ltd. | 59,921 | 1,167,860 | |
Kirby Corp. (a) | 94,474 | 5,062,862 | |
Matson, Inc. | 69,287 | 5,485,452 | |
Pangaea Logistics Solutions Ltd. | 18,111 | 88,744 | |
12,805,806 | |||
Professional Services - 0.7% | |||
Acacia Research Corp. (a) | 84,790 | 516,371 | |
ASGN, Inc. (a) | 84,072 | 9,432,038 | |
Atlas Technical Consultants, Inc. (a)(b) | 26,005 | 263,171 | |
Barrett Business Services, Inc. | 11,823 | 916,283 | |
BGSF, Inc. | 12,319 | 161,872 | |
Booz Allen Hamilton Holding Corp. Class A | 215,350 | 17,639,319 | |
CACI International, Inc. Class A (a) | 37,407 | 9,633,799 | |
CBIZ, Inc. (a) | 86,061 | 2,935,541 | |
Clarivate Analytics PLC (a) | 417,321 | 10,512,316 | |
CoStar Group, Inc. (a) | 627,155 | 53,145,115 | |
CRA International, Inc. | 12,291 | 1,142,940 | |
DLH Holdings Corp. (a) | 3,191 | 37,335 | |
Dun & Bradstreet Holdings, Inc. (a) | 214,715 | 3,935,726 | |
Equifax, Inc. | 193,232 | 52,609,344 | |
Exponent, Inc. | 83,453 | 9,755,656 | |
Forrester Research, Inc. (a) | 18,246 | 867,597 | |
Franklin Covey Co. (a) | 17,716 | 770,115 | |
FTI Consulting, Inc. (a) | 54,600 | 7,628,166 | |
Gee Group, Inc. (a)(b) | 144,333 | 75,428 | |
GP Strategies Corp. (a) | 26,675 | 551,639 | |
Heidrick & Struggles International, Inc. | 31,293 | 1,352,483 | |
Hill International, Inc. (a)(b) | 66,466 | 166,165 | |
Hirequest, Inc. | 1,338 | 24,820 | |
Hudson Global, Inc. (a) | 984 | 16,876 | |
Huron Consulting Group, Inc. (a) | 38,344 | 1,893,043 | |
ICF International, Inc. | 28,953 | 2,711,738 | |
IHS Markit Ltd. | 594,520 | 71,699,112 | |
Insperity, Inc. | 57,337 | 6,326,565 | |
Jacobs Engineering Group, Inc. | 206,333 | 27,846,702 | |
KBR, Inc. | 227,431 | 8,856,163 | |
Kelly Services, Inc. Class A (non-vtg.) | 50,777 | 987,105 | |
Kforce, Inc. | 32,992 | 1,927,393 | |
Korn Ferry | 83,937 | 5,933,507 | |
Leidos Holdings, Inc. | 210,918 | 20,693,165 | |
Manpower, Inc. | 86,229 | 10,469,925 | |
ManTech International Corp. Class A | 42,933 | 3,399,006 | |
Mastech Digital, Inc. (a) | 3,834 | 66,865 | |
MISTRAS Group, Inc. (a) | 27,338 | 290,056 | |
Nielsen Holdings PLC | 568,422 | 12,198,336 | |
RCM Technologies, Inc. (a) | 6,987 | 35,913 | |
Red Violet, Inc. (a)(b) | 9,101 | 260,744 | |
Rekor Systems, Inc. (a)(b) | 45,707 | 499,120 | |
Resources Connection, Inc. | 45,089 | 712,406 | |
Robert Half International, Inc. | 178,801 | 18,488,023 | |
Science Applications Internati | 92,947 | 7,828,926 | |
TransUnion Holding Co., Inc. | 304,502 | 37,006,128 | |
TriNet Group, Inc. (a) | 63,463 | 5,843,673 | |
TrueBlue, Inc. (a) | 57,204 | 1,563,385 | |
Upwork, Inc. (a) | 145,593 | 6,509,463 | |
Verisk Analytics, Inc. | 257,560 | 51,965,306 | |
Volt Information Sciences, Inc. (a) | 16,741 | 70,145 | |
Willdan Group, Inc. (a)(b) | 19,268 | 728,523 | |
490,900,551 | |||
Road & Rail - 1.0% | |||
AMERCO | 14,567 | 9,630,972 | |
ArcBest Corp. | 40,546 | 2,705,635 | |
Avis Budget Group, Inc. (a) | 81,231 | 7,371,713 | |
Covenant Transport Group, Inc. Class A (a) | 18,761 | 457,018 | |
CSX Corp. | 3,609,427 | 117,414,660 | |
Daseke, Inc. (a)(b) | 96,300 | 910,035 | |
Heartland Express, Inc. | 75,746 | 1,271,018 | |
HyreCar, Inc. (a) | 25,347 | 284,900 | |
J.B. Hunt Transport Services, Inc. | 133,010 | 23,595,974 | |
Kansas City Southern | 144,161 | 40,461,668 | |
Knight-Swift Transportation Holdings, Inc. Class A | 197,160 | 10,238,519 | |
Landstar System, Inc. | 61,410 | 10,318,722 | |
Lyft, Inc. (a) | 405,532 | 19,307,379 | |
Marten Transport Ltd. | 102,571 | 1,599,082 | |
Norfolk Southern Corp. | 397,810 | 100,860,747 | |
Old Dominion Freight Lines, Inc. | 151,198 | 43,653,887 | |
P.A.M. Transportation Services, Inc. | 5,354 | 187,229 | |
Patriot Transportation Holding, Inc. | 903 | 11,071 | |
Ryder System, Inc. | 84,411 | 6,709,830 | |
Saia, Inc. (a) | 41,862 | 10,052,322 | |
Schneider National, Inc. Class B | 56,943 | 1,283,495 | |
TuSimple Holdings, Inc. (a)(b) | 53,889 | 2,255,794 | |
U.S. Xpress Enterprises, Inc. (a)(b) | 28,506 | 249,142 | |
U.S.A. Truck, Inc. (a) | 12,296 | 178,292 | |
Uber Technologies, Inc. (a) | 2,347,247 | 91,871,248 | |
Union Pacific Corp. | 1,057,811 | 229,375,737 | |
Universal Logistics Holdings, Inc. | 13,605 | 297,541 | |
Werner Enterprises, Inc. | 91,809 | 4,329,712 | |
XPO Logistics, Inc. (a) | 160,372 | 13,937,931 | |
Yellow Corp. (a)(b) | 71,428 | 434,997 | |
751,256,270 | |||
Trading Companies & Distributors - 0.3% | |||
Air Lease Corp. Class A | 172,397 | 6,851,057 | |
Alta Equipment Group, Inc. (a) | 34,887 | 462,602 | |
Applied Industrial Technologies, Inc. | 61,285 | 5,442,721 | |
Beacon Roofing Supply, Inc. (a) | 86,689 | 4,462,750 | |
BlueLinx Corp. (a) | 14,536 | 836,692 | |
Boise Cascade Co. | 61,117 | 3,535,618 | |
CAI International, Inc. | 27,900 | 1,561,563 | |
Custom Truck One Source, Inc. Class A (a)(b) | 28,994 | 248,479 | |
DXP Enterprises, Inc. (a) | 30,426 | 912,171 | |
EVI Industries, Inc. (a)(b) | 6,377 | 155,089 | |
Fastenal Co. | 909,241 | 50,781,110 | |
GATX Corp. | 57,945 | 5,312,398 | |
Global Industrial Co. | 24,186 | 930,919 | |
GMS, Inc. (a) | 67,943 | 3,357,064 | |
H&E Equipment Services, Inc. | 50,677 | 1,725,552 | |
Herc Holdings, Inc. (a) | 40,448 | 5,316,890 | |
Hudson Technologies, Inc. (a) | 53,713 | 175,104 | |
Huttig Building Products, Inc. (a)(b) | 28,355 | 166,160 | |
India Globalization Capital, Inc. (a)(b) | 57,861 | 94,313 | |
Karat Packaging, Inc. (a) | 4,569 | 107,234 | |
Lawson Products, Inc. (a)(b) | 14,687 | 774,739 | |
McGrath RentCorp. | 39,796 | 2,776,965 | |
MRC Global, Inc. (a) | 113,270 | 928,814 | |
MSC Industrial Direct Co., Inc. Class A | 73,790 | 6,213,856 | |
NOW, Inc. (a) | 169,761 | 1,303,764 | |
Rush Enterprises, Inc.: | |||
Class A | 79,324 | 3,498,188 | |
Class B | 40 | 1,696 | |
SiteOne Landscape Supply, Inc. (a) | 70,495 | 14,106,050 | |
Titan Machinery, Inc. (a) | 27,619 | 793,218 | |
Transcat, Inc. (a) | 16,406 | 1,111,671 | |
Triton International Ltd. | 106,152 | 5,808,637 | |
United Rentals, Inc. (a) | 114,691 | 40,445,781 | |
Univar, Inc. (a) | 270,077 | 6,376,518 | |
Veritiv Corp. (a) | 19,434 | 1,742,647 | |
W.W. Grainger, Inc. | 69,337 | 30,071,457 | |
Watsco, Inc. | 52,092 | 14,503,455 | |
WESCO International, Inc. (a) | 70,222 | 8,217,378 | |
Willis Lease Finance Corp. (a)(b) | 5,069 | 190,848 | |
231,301,168 | |||
Transportation Infrastructure - 0.0% | |||
Macquarie Infrastructure Co. LLC (a) | 117,131 | 4,667,670 | |
TOTAL INDUSTRIALS | 6,698,992,363 | ||
INFORMATION TECHNOLOGY - 27.0% | |||
Communications Equipment - 0.8% | |||
ADTRAN, Inc. | 80,550 | 1,664,163 | |
Applied Optoelectronics, Inc. (a)(b) | 32,418 | 237,624 | |
Arista Networks, Inc. (a) | 87,136 | 32,199,366 | |
Aviat Networks, Inc. (a) | 13,368 | 473,762 | |
BK Technologies Corp. | 6,655 | 21,562 | |
Blonder Tongue Laboratories, Inc. (a)(b) | 2,363 | 2,883 | |
CalAmp Corp. (a)(b) | 55,099 | 624,823 | |
Calix, Inc. (a) | 88,701 | 4,133,467 | |
Cambium Networks Corp. (a) | 7,574 | 283,798 | |
Casa Systems, Inc. (a) | 47,918 | 337,343 | |
Ciena Corp. (a) | 243,631 | 13,918,639 | |
Cisco Systems, Inc. | 6,704,237 | 395,684,068 | |
Clearfield, Inc. (a) | 19,689 | 892,109 | |
ClearOne, Inc. (a)(b) | 23,778 | 61,823 | |
CommScope Holding Co., Inc. (a) | 318,585 | 5,033,643 | |
Communications Systems, Inc. (a) | 3,040 | 20,672 | |
COMSovereign Holding Corp. (b) | 74,803 | 155,590 | |
Comtech Telecommunications Corp. | 41,143 | 1,049,969 | |
Digi International, Inc. (a) | 55,594 | 1,221,956 | |
DZS, Inc. (a) | 19,655 | 271,436 | |
EchoStar Holding Corp. Class A (a)(b) | 78,525 | 2,120,175 | |
EMCORE Corp. (a) | 52,233 | 390,703 | |
Extreme Networks, Inc. (a) | 198,222 | 2,146,744 | |
F5 Networks, Inc. (a) | 94,977 | 19,334,468 | |
Genasys, Inc. (a)(b) | 40,213 | 214,335 | |
Harmonic, Inc. (a)(b) | 151,874 | 1,403,316 | |
Infinera Corp. (a)(b) | 324,579 | 2,749,184 | |
Inseego Corp. (a)(b) | 102,870 | 864,108 | |
Juniper Networks, Inc. | 515,304 | 14,933,510 | |
KVH Industries, Inc. (a) | 16,672 | 176,223 | |
Lantronix, Inc. (a)(b) | 10,284 | 66,023 | |
Lumentum Holdings, Inc. (a) | 119,326 | 10,338,405 | |
Motorola Solutions, Inc. | 270,025 | 65,945,506 | |
NETGEAR, Inc. (a)(b) | 49,273 | 1,760,524 | |
NetScout Systems, Inc. (a) | 120,500 | 3,304,110 | |
Network-1 Security Solutions, Inc. | 15,146 | 47,104 | |
Ondas Holdings, Inc. (b) | 57,259 | 409,402 | |
Optical Cable Corp. (a) | 398 | 1,393 | |
PC-Tel, Inc. | 20,765 | 137,672 | |
Plantronics, Inc. (a) | 61,082 | 1,819,022 | |
Resonant, Inc. (a)(b) | 74,960 | 206,140 | |
Ribbon Communications, Inc. (a) | 191,766 | 1,252,232 | |
Tessco Technologies, Inc. (a) | 10,550 | 65,094 | |
Ubiquiti, Inc. | 12,199 | 3,969,067 | |
ViaSat, Inc. (a) | 108,306 | 5,592,922 | |
Viavi Solutions, Inc. (a) | 375,229 | 6,112,480 | |
Vislink Technologies, Inc. (a)(b) | 65,360 | 139,870 | |
603,788,428 | |||
Electronic Equipment & Components - 0.8% | |||
908 Devices, Inc. | 13,105 | 471,780 | |
Advanced Energy Industries, Inc. | 62,075 | 5,597,924 | |
Aeva Technologies, Inc. (a)(b) | 186,787 | 1,832,380 | |
Airgain, Inc. (a) | 15,261 | 217,164 | |
Akoustis Technologies, Inc. (a) | 72,240 | 716,621 | |
Amphenol Corp. Class A | 951,346 | 72,901,644 | |
Arlo Technologies, Inc. (a) | 118,844 | 736,833 | |
Arrow Electronics, Inc. (a) | 117,733 | 14,271,594 | |
Avnet, Inc. | 158,259 | 6,403,159 | |
Badger Meter, Inc. | 46,255 | 4,953,448 | |
Bel Fuse, Inc. Class B (non-vtg.) | 24,186 | 341,506 | |
Belden, Inc. | 70,208 | 4,019,408 | |
Benchmark Electronics, Inc. | 58,759 | 1,588,256 | |
CDW Corp. | 222,553 | 44,646,357 | |
ClearSign Combustion Corp. (a)(b) | 41,576 | 130,549 | |
Coda Octopus Group, Inc. (a)(b) | 5,872 | 53,494 | |
Cognex Corp. | 279,317 | 24,753,073 | |
Coherent, Inc. (a) | 38,643 | 9,763,927 | |
Corning, Inc. | 1,228,263 | 49,118,237 | |
CPS Technologies Corp. (a)(b) | 12,397 | 72,398 | |
CTS Corp. | 54,664 | 1,917,613 | |
Daktronics, Inc. (a) | 56,072 | 341,478 | |
Digital Ally, Inc. (a)(b) | 73,531 | 102,208 | |
eMagin Corp. (a)(b) | 90,283 | 232,930 | |
ePlus, Inc. (a) | 22,304 | 2,413,739 | |
Fabrinet (a) | 58,702 | 6,047,480 | |
FARO Technologies, Inc. (a) | 29,116 | 2,007,257 | |
Frequency Electronics, Inc. (a) | 1,929 | 20,930 | |
Identiv, Inc. (a)(b) | 31,820 | 565,123 | |
IEC Electronics Corp. (a) | 14,950 | 228,287 | |
II-VI, Inc. (a)(b) | 168,518 | 10,613,264 | |
Insight Enterprises, Inc. (a) | 56,601 | 5,823,677 | |
Intellicheck, Inc. (a)(b) | 21,753 | 191,861 | |
IPG Photonics Corp. (a) | 56,066 | 9,569,345 | |
Iteris, Inc. (a) | 71,414 | 407,060 | |
Itron, Inc. (a) | 70,558 | 5,927,578 | |
Jabil, Inc. | 213,261 | 13,175,265 | |
KEY Tronic Corp. (a) | 6,355 | 44,294 | |
Keysight Technologies, Inc. (a) | 293,525 | 52,652,515 | |
Kimball Electronics, Inc. (a) | 37,641 | 909,783 | |
Knowles Corp. (a) | 151,215 | 3,024,300 | |
LightPath Technologies, Inc. Class A (a) | 29,403 | 67,039 | |
Littelfuse, Inc. | 38,541 | 10,999,601 | |
Luna Innovations, Inc. (a)(b) | 40,921 | 440,719 | |
Mechanical Technology, Inc. (a) | 9,510 | 94,815 | |
Methode Electronics, Inc. Class A | 62,108 | 2,892,370 | |
MicroVision, Inc. (a) | 253,896 | 3,739,888 | |
MICT, Inc. (a) | 144,803 | 259,197 | |
Napco Security Technolgies, Inc. (a)(b) | 19,445 | 760,883 | |
National Instruments Corp. | 208,462 | 8,717,881 | |
Neonode, Inc. (a)(b) | 2,340 | 11,396 | |
nLIGHT, Inc. (a) | 59,304 | 1,637,383 | |
Novanta, Inc. (a) | 56,227 | 8,615,101 | |
OSI Systems, Inc. (a) | 26,014 | 2,573,825 | |
Ouster, Inc. (a)(b) | 129,594 | 1,088,590 | |
Par Technology Corp. (a)(b) | 44,040 | 2,991,637 | |
PC Connection, Inc. | 18,684 | 904,492 | |
Plexus Corp. (a) | 44,896 | 4,122,800 | |
Powerfleet, Inc. (a)(b) | 51,313 | 365,349 | |
Red Cat Holdings, Inc. | 17,229 | 48,069 | |
Research Frontiers, Inc. (a)(b) | 31,238 | 71,535 | |
RF Industries Ltd. (a)(b) | 7,617 | 63,983 | |
Richardson Electronics Ltd. | 16,718 | 147,954 | |
Rogers Corp. (a) | 29,816 | 6,333,217 | |
Sanmina Corp. (a) | 101,555 | 4,009,391 | |
ScanSource, Inc. (a) | 40,643 | 1,446,078 | |
SYNNEX Corp. | 65,272 | 8,294,113 | |
TE Connectivity Ltd. | 525,464 | 78,935,202 | |
Trimble, Inc. (a) | 397,555 | 37,457,632 | |
TTM Technologies, Inc. (a) | 174,180 | 2,438,520 | |
Velodyne Lidar, Inc. (a)(b) | 97,563 | 643,916 | |
Vishay Intertechnology, Inc. | 208,535 | 4,581,514 | |
Vishay Precision Group, Inc. (a) | 19,779 | 739,141 | |
Vontier Corp. | 270,241 | 9,828,665 | |
Wayside Technology Group, Inc. | 1,084 | 29,528 | |
Wireless Telecom Group, Inc. (a) | 7,898 | 17,849 | |
Wrap Technologies, Inc. (a)(b) | 42,925 | 320,650 | |
Zebra Technologies Corp. Class A (a) | 85,195 | 50,023,948 | |
614,519,610 | |||
IT Services - 4.9% | |||
Accenture PLC Class A | 1,010,901 | 340,228,841 | |
Affirm Holdings, Inc. (b) | 84,649 | 8,155,085 | |
Akamai Technologies, Inc. (a) | 258,762 | 29,304,797 | |
Alliance Data Systems Corp. | 78,778 | 7,728,910 | |
Automatic Data Processing, Inc. | 676,006 | 141,312,294 | |
BigCommerce Holdings, Inc. (a)(b) | 19,487 | 1,160,256 | |
BM Technologies, Inc. (a)(b) | 21,878 | 213,092 | |
Brightcove, Inc. (a) | 57,464 | 652,791 | |
Broadridge Financial Solutions, Inc. | 183,773 | 31,649,386 | |
Cantaloupe, Inc. (a) | 103,731 | 1,062,205 | |
Cass Information Systems, Inc. | 20,495 | 923,915 | |
Cognizant Technology Solutions Corp. Class A | 836,706 | 63,849,035 | |
Computer Task Group, Inc. (a) | 14,035 | 120,701 | |
Concentrix Corp. (a) | 65,894 | 11,425,361 | |
Conduent, Inc. (a) | 264,970 | 1,934,281 | |
Crexendo, Inc. (a)(b) | 4,063 | 23,972 | |
CSG Systems International, Inc. | 51,383 | 2,477,174 | |
CSP, Inc. (a) | 2,607 | 24,193 | |
Digitalocean Holdings, Inc. (a) | 34,281 | 2,114,452 | |
DXC Technology Co. (a) | 403,586 | 14,819,678 | |
EPAM Systems, Inc. (a) | 89,571 | 56,681,425 | |
Euronet Worldwide, Inc. (a) | 83,721 | 11,154,149 | |
EVERTEC, Inc. | 94,600 | 4,375,250 | |
EVO Payments, Inc. Class A (a) | 78,020 | 1,984,829 | |
Exela Technologies, Inc. (a) | 40,180 | 104,066 | |
ExlService Holdings, Inc. (a) | 53,996 | 6,649,067 | |
Fastly, Inc. Class A (a)(b) | 137,680 | 6,002,848 | |
Fidelity National Information Services, Inc. | 984,561 | 125,797,359 | |
Fiserv, Inc. (a) | 946,848 | 111,529,226 | |
FleetCor Technologies, Inc. (a) | 132,433 | 34,866,960 | |
Gartner, Inc. (a) | 136,710 | 42,207,845 | |
Genpact Ltd. | 277,951 | 14,420,098 | |
Global Payments, Inc. | 468,668 | 76,224,164 | |
GoDaddy, Inc. (a) | 267,478 | 19,608,812 | |
GreenBox POS (a) | 59,492 | 580,047 | |
GreenSky, Inc. Class A (a)(b) | 86,827 | 690,275 | |
Grid Dynamics Holdings, Inc. (a) | 37,376 | 1,000,556 | |
Hackett Group, Inc. | 43,271 | 848,112 | |
i3 Verticals, Inc. Class A (a) | 33,701 | 974,296 | |
IBM Corp. | 1,419,305 | 199,185,264 | |
Information Services Group, Inc. | 34,064 | 246,283 | |
Innodata, Inc. (a)(b) | 27,535 | 227,439 | |
Inpixon (a)(b) | 89,480 | 92,164 | |
International Money Express, Inc. (a) | 39,222 | 715,409 | |
Jack Henry & Associates, Inc. | 117,981 | 20,809,489 | |
Limelight Networks, Inc. (a) | 180,070 | 486,189 | |
Liveramp Holdings, Inc. (a) | 107,078 | 5,246,822 | |
MasterCard, Inc. Class A | 1,391,143 | 481,655,441 | |
Maximus, Inc. | 96,749 | 8,425,870 | |
MoneyGram International, Inc. (a) | 110,914 | 997,117 | |
MongoDB, Inc. Class A (a) | 85,148 | 33,363,541 | |
Okta, Inc. (a) | 198,693 | 52,375,475 | |
Paya Holdings, Inc. (a)(b) | 101,600 | 980,440 | |
Paychex, Inc. | 508,101 | 58,162,321 | |
PayPal Holdings, Inc. (a) | 1,868,104 | 539,246,901 | |
Paysign, Inc. (a) | 43,478 | 108,260 | |
Perficient, Inc. (a) | 52,451 | 6,253,208 | |
PFSweb, Inc. (a) | 26,610 | 353,913 | |
Priority Technology Holdings, Inc. (a) | 3,386 | 20,418 | |
Rackspace Technology, Inc. (a)(b) | 54,593 | 762,664 | |
Repay Holdings Corp. (a)(b) | 122,143 | 2,810,510 | |
Sabre Corp. (a)(b) | 498,373 | 5,596,729 | |
ServiceSource International, Inc. (a) | 82,053 | 123,080 | |
Shift4 Payments, Inc. (a) | 65,106 | 5,580,235 | |
Snowflake Computing, Inc. | 98,906 | 30,102,041 | |
SolarWinds, Inc. (b) | 62,633 | 1,069,145 | |
Square, Inc. (a) | 622,295 | 166,818,621 | |
StarTek, Inc. (a) | 19,120 | 116,058 | |
Steel Connect, Inc. (a)(b) | 24,325 | 44,028 | |
Switch, Inc. Class A | 144,160 | 3,576,610 | |
The Western Union Co. | 649,924 | 14,064,355 | |
Ttec Holdings, Inc. | 29,519 | 3,113,074 | |
Tucows, Inc. (a)(b) | 17,083 | 1,266,021 | |
Twilio, Inc. Class A (a) | 257,694 | 91,986,450 | |
Unisys Corp. (a) | 102,617 | 2,484,358 | |
Usio, Inc. (a) | 20,216 | 126,754 | |
VeriSign, Inc. (a) | 157,910 | 34,149,617 | |
Verra Mobility Corp. (a)(b) | 217,741 | 3,377,163 | |
Visa, Inc. Class A | 2,690,549 | 616,404,776 | |
WEX, Inc. (a) | 71,342 | 13,096,251 | |
WidePoint Corp. (a)(b) | 10,560 | 57,974 | |
3,580,558,281 | |||
Semiconductors & Semiconductor Equipment - 5.1% | |||
ACM Research, Inc. (a)(b) | 15,691 | 1,398,853 | |
Advanced Micro Devices, Inc. (a) | 1,930,611 | 213,757,250 | |
AEHR Test Systems (a) | 31,952 | 238,362 | |
Allegro MicroSystems LLC (a) | 67,722 | 2,035,046 | |
Alpha & Omega Semiconductor Ltd. (a) | 31,728 | 921,698 | |
Ambarella, Inc. (a) | 58,800 | 6,089,916 | |
Amkor Technology, Inc. | 168,240 | 4,621,553 | |
Amtech Systems, Inc. (a)(b) | 21,399 | 221,266 | |
Analog Devices, Inc. | 855,614 | 139,422,301 | |
Applied Materials, Inc. | 1,457,888 | 197,004,405 | |
Atomera, Inc. (a)(b) | 30,135 | 743,430 | |
Axcelis Technologies, Inc. (a) | 53,944 | 2,681,556 | |
AXT, Inc. (a)(b) | 69,951 | 651,244 | |
Broadcom, Inc. | 649,859 | 323,116,393 | |
Brooks Automation, Inc. | 116,681 | 9,913,218 | |
CEVA, Inc. (a) | 34,928 | 1,685,276 | |
Cirrus Logic, Inc. (a) | 90,132 | 7,541,344 | |
CMC Materials, Inc. | 46,443 | 6,159,271 | |
Cohu, Inc. (a) | 76,475 | 2,728,628 | |
Cree, Inc. (a)(b) | 181,380 | 15,413,672 | |
CVD Equipment Corp. (a)(b) | 17,135 | 79,849 | |
CyberOptics Corp. (a) | 11,708 | 492,321 | |
Diodes, Inc. (a) | 67,772 | 6,562,363 | |
DSP Group, Inc. (a) | 35,003 | 766,566 | |
Enphase Energy, Inc. (a) | 214,761 | 37,310,429 | |
Entegris, Inc. | 216,048 | 25,956,007 | |
Everspin Technologies, Inc. (a)(b) | 11,677 | 85,242 | |
First Solar, Inc. (a) | 135,942 | 12,778,548 | |
FormFactor, Inc. (a) | 124,578 | 4,843,593 | |
GSI Technology, Inc. (a) | 19,727 | 110,471 | |
Ichor Holdings Ltd. (a) | 44,610 | 1,976,669 | |
Impinj, Inc. (a)(b) | 36,730 | 2,140,992 | |
Intel Corp. | 6,421,355 | 347,138,451 | |
Intest Corp. (a) | 14,192 | 178,819 | |
KLA Corp. | 243,764 | 82,870,009 | |
Kopin Corp. (a) | 114,030 | 670,496 | |
Kulicke & Soffa Industries, Inc. | 99,463 | 6,981,308 | |
Lam Research Corp. | 226,608 | 137,057,051 | |
Lattice Semiconductor Corp. (a) | 218,105 | 13,548,683 | |
MACOM Technology Solutions Holdings, Inc. (a) | 73,992 | 4,492,054 | |
Marvell Technology, Inc. | 1,303,247 | 79,745,684 | |
MaxLinear, Inc. Class A (a) | 110,134 | 5,752,299 | |
Microchip Technology, Inc. | 436,477 | 68,684,021 | |
Micron Technology, Inc. | 1,781,747 | 131,314,754 | |
MKS Instruments, Inc. | 88,810 | 13,071,056 | |
Monolithic Power Systems, Inc. | 68,274 | 33,790,851 | |
MoSys, Inc. (a) | 212 | 1,306 | |
NeoPhotonics Corp. (a) | 73,245 | 684,108 | |
NVE Corp. (b) | 8,223 | 577,337 | |
NVIDIA Corp. | 3,962,601 | 887,028,234 | |
NXP Semiconductors NV | 437,769 | 94,177,245 | |
ON Semiconductor Corp. (a) | 682,656 | 30,282,620 | |
Onto Innovation, Inc. (a) | 77,618 | 5,753,822 | |
PDF Solutions, Inc. (a) | 44,632 | 1,005,113 | |
Photronics, Inc. (a) | 110,942 | 1,671,896 | |
Pixelworks, Inc. (a) | 69,088 | 535,432 | |
Power Integrations, Inc. | 96,155 | 10,446,279 | |
Qorvo, Inc. (a) | 179,577 | 33,765,863 | |
Qualcomm, Inc. | 1,791,305 | 262,766,530 | |
QuickLogic Corp. (a) | 13,181 | 80,272 | |
Rambus, Inc. (a) | 175,162 | 4,168,856 | |
Rubicon Technology, Inc. (a) | 1,766 | 16,777 | |
Semtech Corp. (a) | 104,394 | 7,299,228 | |
Silicon Laboratories, Inc. (a) | 71,522 | 11,273,298 | |
SiTime Corp. (a) | 19,905 | 4,236,580 | |
SkyWater Technology, Inc. (a)(b) | 10,876 | 363,041 | |
Skyworks Solutions, Inc. | 262,506 | 48,159,351 | |
SMART Global Holdings, Inc. (a) | 31,516 | 1,527,265 | |
SolarEdge Technologies, Inc. (a) | 82,199 | 23,819,626 | |
SunPower Corp. (a)(b) | 128,387 | 2,766,740 | |
Synaptics, Inc. (a)(b) | 55,419 | 10,517,418 | |
Teradyne, Inc. | 265,119 | 32,196,051 | |
Texas Instruments, Inc. | 1,469,545 | 280,550,836 | |
Ultra Clean Holdings, Inc. (a) | 68,693 | 3,176,364 | |
Universal Display Corp. | 67,547 | 14,089,629 | |
Veeco Instruments, Inc. (a)(b) | 83,768 | 1,909,073 | |
Xilinx, Inc. | 391,090 | 60,849,693 | |
3,790,439,151 | |||
Software - 9.9% | |||
8x8, Inc. (a) | 169,203 | 4,086,252 | |
A10 Networks, Inc. (a) | 96,958 | 1,346,747 | |
ACI Worldwide, Inc. (a) | 188,287 | 6,068,490 | |
Adobe, Inc. (a) | 760,579 | 504,796,282 | |
Agilysys, Inc. (a) | 32,616 | 1,853,567 | |
Alarm.com Holdings, Inc. (a) | 72,770 | 6,136,694 | |
Alfi, Inc. (b) | 4,542 | 40,424 | |
Altair Engineering, Inc. Class A (a)(b) | 72,573 | 5,369,676 | |
Alteryx, Inc. Class A (a) | 93,900 | 6,945,783 | |
American Software, Inc. Class A | 44,587 | 1,131,172 | |
Anaplan, Inc. (a) | 228,902 | 13,729,542 | |
ANSYS, Inc. (a) | 139,081 | 50,814,634 | |
AppFolio, Inc. (a) | 28,075 | 3,315,658 | |
Appian Corp. Class A (a)(b) | 62,299 | 6,678,453 | |
AppLovin Corp. (a)(b) | 42,534 | 2,994,394 | |
Asana, Inc. (a) | 42,271 | 3,193,574 | |
Aspen Technology, Inc. (a) | 107,670 | 13,943,265 | |
Asure Software, Inc. (a) | 15,353 | 138,945 | |
AudioEye, Inc. (a)(b) | 7,282 | 94,957 | |
Autodesk, Inc. (a) | 348,858 | 108,177,377 | |
Avalara, Inc. (a) | 137,434 | 24,696,890 | |
Avaya Holdings Corp. (a) | 123,617 | 2,493,355 | |
Benefitfocus, Inc. (a) | 47,410 | 572,239 | |
Bill.Com Holdings, Inc. (a) | 98,693 | 27,080,372 | |
Black Knight, Inc. (a) | 248,688 | 18,818,221 | |
Blackbaud, Inc.(a)(b) | 78,973 | 5,503,628 | |
BlackLine, Inc. (a) | 81,240 | 8,863,284 | |
Bottomline Technologies, Inc. (a) | 63,104 | 2,667,406 | |
Box, Inc. Class A (a) | 227,481 | 5,864,460 | |
BSQUARE Corp. (a)(b) | 7,885 | 21,053 | |
BTRS Holdings, Inc. (a)(b) | 114,576 | 1,250,024 | |
C3.Ai, Inc. (b) | 26,899 | 1,386,374 | |
Cadence Design Systems, Inc. (a) | 441,955 | 72,250,803 | |
CDK Global, Inc. | 192,026 | 7,988,282 | |
Cerence, Inc. (a)(b) | 59,702 | 6,474,085 | |
Ceridian HCM Holding, Inc. (a) | 210,365 | 23,634,508 | |
ChannelAdvisor Corp. (a) | 43,842 | 1,123,232 | |
Citrix Systems, Inc. | 197,069 | 20,272,488 | |
Cleanspark, Inc. (a)(b) | 48,011 | 662,552 | |
Cloudera, Inc. (a) | 362,686 | 5,777,588 | |
Cloudflare, Inc. (a) | 306,950 | 37,061,143 | |
CommVault Systems, Inc. (a) | 75,435 | 6,107,972 | |
Cornerstone OnDemand, Inc. (a) | 98,364 | 5,636,257 | |
Coupa Software, Inc. (a) | 117,804 | 28,839,597 | |
Crowdstrike Holdings, Inc. (a) | 316,014 | 88,799,934 | |
Datadog, Inc. Class A (a) | 348,325 | 47,999,185 | |
Datto Holding Corp. (b) | 43,352 | 1,105,476 | |
Digimarc Corp. (a)(b) | 21,760 | 636,262 | |
Digital Turbine, Inc. (a) | 123,650 | 7,227,343 | |
DocuSign, Inc. (a) | 308,808 | 91,481,282 | |
Dolby Laboratories, Inc. Class A | 103,371 | 10,245,100 | |
Domo, Inc. Class B (a) | 44,129 | 3,949,546 | |
Dropbox, Inc. Class A (a) | 476,197 | 15,100,207 | |
Duck Creek Technologies, Inc. (a) | 56,384 | 2,629,186 | |
Dynatrace, Inc. (a) | 292,789 | 20,123,388 | |
E2open Parent Holdings, Inc. (a)(b) | 214,056 | 2,555,829 | |
Ebix, Inc. | 39,031 | 1,123,312 | |
eGain Communications Corp. (a) | 36,168 | 426,059 | |
Elastic NV (a) | 101,419 | 16,181,401 | |
Envestnet, Inc. (a) | 88,845 | 7,096,050 | |
Everbridge, Inc. (a) | 59,940 | 9,408,782 | |
Evolving Systems, Inc. (a) | 3,507 | 7,891 | |
Fair Isaac Corp. (a) | 45,841 | 21,074,941 | |
FireEye, Inc. (a) | 377,064 | 6,858,794 | |
Five9, Inc. (a) | 106,119 | 16,791,209 | |
Fortinet, Inc. (a) | 215,068 | 67,776,530 | |
GSE Systems, Inc. (a) | 274 | 323 | |
GTY Technology Holdings, Inc. (a)(b) | 75,168 | 554,740 | |
Guidewire Software, Inc. (a) | 133,034 | 15,759,208 | |
HubSpot, Inc. (a) | 69,999 | 47,912,216 | |
Intelligent Systems Corp. (a)(b) | 8,588 | 331,411 | |
InterDigital, Inc. | 49,320 | 3,556,465 | |
Intrusion, Inc. (a)(b) | 19,226 | 86,517 | |
Intuit, Inc. | 434,848 | 246,171,801 | |
Inuvo, Inc. (a)(b) | 121,663 | 91,466 | |
Issuer Direct Corp. (a) | 1,431 | 37,564 | |
j2 Global, Inc. (a)(b) | 66,881 | 9,209,514 | |
Jamf Holding Corp. (a)(b) | 59,838 | 2,103,306 | |
Kaspien Holdings, Inc. (a) | 105 | 2,073 | |
KnowBe4, Inc. (a) | 35,042 | 862,384 | |
LivePerson, Inc. (a) | 102,162 | 6,548,584 | |
Manhattan Associates, Inc. (a) | 100,942 | 16,452,537 | |
Marathon Digital Holdings, Inc. (a)(b) | 146,201 | 5,934,299 | |
Marin Software, Inc. (a)(b) | 11,218 | 74,712 | |
McAfee Corp. | 64,494 | 1,712,961 | |
Medallia, Inc. (a) | 134,677 | 4,548,042 | |
Microsoft Corp. | 11,975,827 | 3,615,262,655 | |
MicroStrategy, Inc. Class A (a)(b) | 12,405 | 8,612,792 | |
Mimecast Ltd. (a) | 94,606 | 6,604,445 | |
Mitek Systems, Inc. (a)(b) | 69,038 | 1,544,380 | |
Model N, Inc. (a) | 50,181 | 1,701,638 | |
Momentive Global, Inc. (a) | 197,159 | 3,866,288 | |
N-able, Inc. (a)(b) | 62,632 | 847,411 | |
Net Element International, Inc. (a) | 5,974 | 65,356 | |
NetSol Technologies, Inc. (a) | 11,760 | 50,803 | |
New Relic, Inc. (a) | 85,936 | 6,872,302 | |
NortonLifeLock, Inc. | 917,883 | 24,378,972 | |
Nuance Communications, Inc. (a) | 451,715 | 24,866,911 | |
Nutanix, Inc. Class A (a) | 334,775 | 12,356,545 | |
NXT-ID, Inc. (a) | 23,472 | 16,430 | |
Oblong, Inc. (a) | 15,734 | 33,513 | |
Olo, Inc. (a) | 39,151 | 1,503,007 | |
ON24, Inc. (a) | 15,006 | 339,286 | |
Onespan, Inc. (a) | 49,656 | 956,871 | |
Oracle Corp. | 2,885,300 | 257,166,789 | |
Pagerduty, Inc. (a) | 90,904 | 3,890,691 | |
Palantir Technologies, Inc. (a)(b) | 715,344 | 18,842,161 | |
Palo Alto Networks, Inc. (a) | 154,511 | 71,235,751 | |
Park City Group, Inc. (a) | 13,889 | 75,278 | |
Paycom Software, Inc. (a) | 78,532 | 38,394,295 | |
Paylocity Holding Corp. (a) | 59,752 | 16,085,238 | |
Pegasystems, Inc. | 62,914 | 8,658,854 | |
Phunware, Inc. (a)(b) | 85,253 | 94,631 | |
Ping Identity Holding Corp. (a)(b) | 58,638 | 1,521,656 | |
Progress Software Corp. | 68,325 | 3,181,212 | |
Proofpoint, Inc. (a) | 90,904 | 15,999,104 | |
PROS Holdings, Inc. (a)(b) | 61,234 | 2,647,758 | |
PTC, Inc. (a) | 166,194 | 21,881,102 | |
Q2 Holdings, Inc. (a) | 85,231 | 7,507,999 | |
QAD, Inc.: | |||
Class A | 16,388 | 1,425,920 | |
Class B | 3,031 | 262,333 | |
Qualtrics International, Inc. | 89,052 | 4,032,275 | |
Qualys, Inc. (a) | 53,236 | 6,248,842 | |
Qumu Corp. (a) | 15,357 | 44,996 | |
Rapid7, Inc. (a) | 88,503 | 10,754,885 | |
RealNetworks, Inc. (a) | 24,148 | 45,881 | |
Rimini Street, Inc. (a) | 49,057 | 468,494 | |
RingCentral, Inc. (a) | 127,585 | 32,184,592 | |
Riot Blockchain, Inc. (a)(b) | 135,818 | 5,068,728 | |
SailPoint Technologies Holding, Inc. (a) | 143,710 | 6,734,251 | |
Salesforce.com, Inc. (a) | 1,534,506 | 407,058,407 | |
SeaChange International, Inc. (a) | 41,040 | 43,913 | |
SecureWorks Corp. (a) | 18,591 | 380,372 | |
Semrush Holdings, Inc. | 16,096 | 426,866 | |
ServiceNow, Inc. (a) | 313,422 | 201,730,936 | |
SharpSpring, Inc. (a) | 14,695 | 251,285 | |
ShotSpotter, Inc. (a) | 11,917 | 474,654 | |
Smartsheet, Inc. (a) | 187,507 | 14,919,932 | |
Smith Micro Software, Inc. (a) | 54,828 | 273,592 | |
Splunk, Inc. (a) | 263,451 | 40,273,754 | |
Sprout Social, Inc. (a) | 47,712 | 5,801,779 | |
SPS Commerce, Inc. (a) | 56,725 | 7,687,939 | |
SRAX, Inc. (a) | 35,558 | 198,769 | |
SRAX, Inc. rights 12/31/20 (a)(c) | 7,116 | 1,281 | |
SS&C Technologies Holdings, Inc. | 354,058 | 26,788,028 | |
Sumo Logic, Inc. | 26,520 | 552,942 | |
Support.com, Inc. (a)(b) | 27,657 | 867,324 | |
Synchronoss Technologies, Inc. (a) | 71,282 | 188,897 | |
Synopsys, Inc. (a) | 242,265 | 80,490,124 | |
Telos Corp. | 37,121 | 1,224,993 | |
Tenable Holdings, Inc. (a) | 109,743 | 4,869,297 | |
Teradata Corp. (a) | 174,084 | 9,520,654 | |
The Trade Desk, Inc. (a) | 684,691 | 54,809,515 | |
Tyler Technologies, Inc. (a) | 64,688 | 31,418,962 | |
Upland Software, Inc. (a) | 45,690 | 1,780,996 | |
Varonis Systems, Inc. (a) | 168,630 | 11,637,156 | |
Verb Technology Co., Inc. (a)(b) | 67,557 | 140,519 | |
Verint Systems, Inc. (a)(b) | 105,845 | 4,724,921 | |
Veritone, Inc. (a) | 43,746 | 912,979 | |
Vertex, Inc. Class A (a) | 42,236 | 874,285 | |
Viant Technology, Inc. | 17,145 | 235,744 | |
VirnetX Holding Corp. (a)(b) | 93,487 | 419,757 | |
VMware, Inc. Class A (a)(b) | 127,629 | 19,000,129 | |
Vonage Holdings Corp. (a) | 369,870 | 5,215,167 | |
Workday, Inc. Class A (a) | 300,040 | 81,958,926 | |
Workiva, Inc. (a)(b) | 65,941 | 9,249,544 | |
Xperi Holding Corp. | 164,671 | 3,519,019 | |
Yext, Inc. (a) | 160,284 | 2,167,040 | |
Zendesk, Inc. (a) | 187,258 | 23,145,089 | |
Zix Corp. (a) | 89,425 | 692,150 | |
Zoom Video Communications, Inc. Class A (a) | 338,935 | 98,121,683 | |
Zscaler, Inc. (a) | 117,894 | 32,814,616 | |
Zuora, Inc. (a) | 160,997 | 2,733,729 | |
7,290,380,514 | |||
Technology Hardware, Storage & Peripherals - 5.5% | |||
3D Systems Corp. (a) | 197,968 | 6,026,146 | |
Apple, Inc. | 24,941,157 | 3,786,815,822 | |
Astro-Med, Inc. (a) | 8,893 | 139,264 | |
Avid Technology, Inc. (a) | 68,306 | 1,762,978 | |
Boxlight Corp. (a)(b) | 66,134 | 171,948 | |
Corsair Gaming, Inc. (b) | 31,597 | 914,733 | |
Dell Technologies, Inc. (a) | 398,642 | 38,851,649 | |
Diebold Nixdorf, Inc. (a) | 123,042 | 1,338,697 | |
Eastman Kodak Co. (a) | 101,106 | 736,052 | |
Hewlett Packard Enterprise Co. | 2,065,092 | 31,926,322 | |
HP, Inc. | 1,913,463 | 56,906,390 | |
Immersion Corp. (a)(b) | 49,764 | 373,230 | |
Intevac, Inc. (a) | 41,497 | 212,880 | |
NCR Corp. (a) | 203,412 | 8,640,942 | |
NetApp, Inc. | 352,825 | 31,376,727 | |
One Stop Systems, Inc. (a)(b) | 15,326 | 86,745 | |
Pure Storage, Inc. Class A (a) | 398,496 | 10,293,152 | |
Quantum Corp. (a) | 114,107 | 712,028 | |
Seagate Technology Holdings PLC | 314,976 | 27,588,748 | |
Socket Mobile, Inc. (a)(b) | 1,516 | 10,460 | |
Sonim Technologies, Inc. (a)(b) | 68,079 | 29,955 | |
Super Micro Computer, Inc. (a) | 72,354 | 2,643,815 | |
Transact Technologies, Inc. (a) | 14,803 | 207,982 | |
Turtle Beach Corp. (a)(b) | 23,065 | 655,277 | |
Western Digital Corp. (a) | 485,259 | 30,668,369 | |
Xerox Holdings Corp. | 263,367 | 5,928,391 | |
4,045,018,702 | |||
TOTAL INFORMATION TECHNOLOGY | 19,924,704,686 | ||
MATERIALS - 2.8% | |||
Chemicals - 1.7% | |||
Advanced Emissions Solutions, Inc. (a) | 27,740 | 188,909 | |
AdvanSix, Inc. (a) | 47,037 | 1,716,851 | |
AgroFresh Solutions, Inc. (a) | 31,343 | 64,880 | |
Air Products & Chemicals, Inc. | 351,106 | 94,626,578 | |
Albemarle Corp. U.S. | 185,213 | 43,847,326 | |
American Vanguard Corp. | 39,593 | 606,961 | |
Amyris, Inc. (a)(b) | 311,748 | 4,691,807 | |
Ashland Global Holdings, Inc. | 87,320 | 7,955,725 | |
Avient Corp. | 147,730 | 7,695,256 | |
Axalta Coating Systems Ltd. (a) | 333,761 | 10,193,061 | |
Balchem Corp. | 51,283 | 7,201,159 | |
Cabot Corp. | 92,887 | 4,960,166 | |
Celanese Corp. Class A | 179,341 | 28,443,483 | |
CF Industries Holdings, Inc. | 339,317 | 15,411,778 | |
Chase Corp. | 12,178 | 1,394,381 | |
Core Molding Technologies, Inc. (a) | 12,523 | 172,442 | |
Corteva, Inc. | 1,171,913 | 51,529,015 | |
Danimer Scientific, Inc. (a)(b) | 99,401 | 1,942,296 | |
Diversey Holdings Ltd. (a) | 92,720 | 1,619,818 | |
Dow, Inc. | 1,186,808 | 74,650,223 | |
DuPont de Nemours, Inc. | 843,763 | 62,455,337 | |
Eastman Chemical Co. | 216,751 | 24,527,543 | |
Ecolab, Inc. | 396,187 | 89,284,702 | |
Ecovyst, Inc. | 79,860 | 1,038,979 | |
Element Solutions, Inc. | 341,952 | 7,772,569 | |
Ferro Corp. (a) | 129,415 | 2,691,832 | |
Flotek Industries, Inc. (a)(b) | 92,584 | 127,766 | |
FMC Corp. | 204,624 | 19,158,945 | |
FutureFuel Corp. | 46,867 | 375,405 | |
GCP Applied Technologies, Inc. (a) | 83,405 | 1,988,375 | |
H.B. Fuller Co. | 81,468 | 5,504,793 | |
Hawkins, Inc. | 29,228 | 1,107,157 | |
Huntsman Corp. | 309,337 | 8,175,777 | |
Ingevity Corp. (a) | 64,823 | 5,211,121 | |
Innospec, Inc. | 38,486 | 3,602,290 | |
International Flavors & Fragrances, Inc. | 396,208 | 60,025,512 | |
Intrepid Potash, Inc. (a) | 16,359 | 507,293 | |
Koppers Holdings, Inc. (a) | 31,948 | 1,051,089 | |
Kraton Performance Polymers, Inc. (a) | 51,103 | 2,152,458 | |
Kronos Worldwide, Inc. | 48,675 | 644,457 | |
Linde PLC | 828,202 | 260,544,067 | |
Livent Corp. (a)(b) | 258,571 | 6,430,661 | |
Loop Industries, Inc. (a)(b) | 29,687 | 269,261 | |
LSB Industries, Inc. (a)(b) | 30,831 | 254,047 | |
LyondellBasell Industries NV Class A | 407,409 | 40,883,493 | |
Marrone Bio Innovations, Inc. (a) | 136,318 | 136,318 | |
Minerals Technologies, Inc. | 55,301 | 4,348,871 | |
NewMarket Corp. | 11,736 | 4,104,431 | |
Northern Technologies International Corp. | 7,327 | 122,141 | |
Olin Corp. | 228,987 | 11,412,712 | |
Orion Engineered Carbons SA (a) | 98,087 | 1,733,197 | |
PPG Industries, Inc. | 376,089 | 60,005,000 | |
PureCycle Technologies, Inc. (a)(b) | 123,574 | 1,817,774 | |
Quaker Chemical Corp. (b) | 21,507 | 5,572,894 | |
Rayonier Advanced Materials, Inc. (a) | 100,330 | 708,330 | |
RPM International, Inc. | 205,990 | 16,950,917 | |
Sensient Technologies Corp. | 68,461 | 5,945,838 | |
Sherwin-Williams Co. | 379,966 | 115,384,275 | |
Stepan Co. | 35,125 | 4,129,295 | |
The Chemours Co. LLC | 258,466 | 8,661,196 | |
The Mosaic Co. | 544,449 | 17,520,369 | |
The Scotts Miracle-Gro Co. Class A | 64,688 | 10,145,019 | |
Trecora Resources (a)(b) | 28,027 | 235,427 | |
Tredegar Corp. | 40,525 | 538,172 | |
Trinseo SA (b) | 62,069 | 3,223,243 | |
Tronox Holdings PLC | 178,193 | 3,765,218 | |
Valhi, Inc. | 4,257 | 100,976 | |
Valvoline, Inc. | 288,128 | 8,689,940 | |
Venator Materials PLC (a) | 76,553 | 250,328 | |
W.R. Grace & Co. | 99,972 | 6,962,050 | |
Westlake Chemical Corp. | 53,500 | 4,673,225 | |
Zymergen, Inc. (a)(b) | 28,321 | 371,572 | |
1,262,205,772 | |||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 67,832 | 10,638,771 | |
Forterra, Inc. (a) | 34,286 | 789,949 | |
Martin Marietta Materials, Inc. | 99,083 | 37,775,394 | |
Smith-Midland Corp. (a)(b) | 2,750 | 51,370 | |
Summit Materials, Inc. (a) | 187,149 | 6,301,307 | |
United States Lime & Minerals, Inc. | 4,477 | 654,045 | |
Vulcan Materials Co. | 210,648 | 39,165,783 | |
95,376,619 | |||
Containers & Packaging - 0.4% | |||
Amcor PLC | 2,437,974 | 31,327,966 | |
Aptargroup, Inc. | 104,594 | 14,099,271 | |
Avery Dennison Corp. | 131,849 | 29,717,446 | |
Ball Corp. | 521,801 | 50,072,024 | |
Berry Global Group, Inc. (a) | 214,547 | 14,411,122 | |
Crown Holdings, Inc. | 214,646 | 23,565,984 | |
Graphic Packaging Holding Co. | 451,889 | 9,272,762 | |
Greif, Inc.: | |||
Class A | 42,211 | 2,672,801 | |
Class B | 9,210 | 566,415 | |
International Paper Co. | 619,719 | 37,238,915 | |
Myers Industries, Inc. | 59,545 | 1,357,626 | |
O-I Glass, Inc. (a) | 251,291 | 3,802,033 | |
Packaging Corp. of America | 150,306 | 22,801,420 | |
Pactiv Evergreen, Inc. | 69,904 | 961,180 | |
Ranpak Holdings Corp. (A Shares) (a) | 65,732 | 2,017,972 | |
Sealed Air Corp. | 242,181 | 14,780,306 | |
Silgan Holdings, Inc. | 126,190 | 5,354,242 | |
Sonoco Products Co. | 162,140 | 10,587,742 | |
UFP Technologies, Inc. (a) | 10,975 | 768,140 | |
WestRock Co. | 422,231 | 21,972,901 | |
297,348,268 | |||
Metals & Mining - 0.5% | |||
Alcoa Corp. (a) | 295,028 | 13,090,392 | |
Allegheny Technologies, Inc. (a) | 201,208 | 3,593,575 | |
Alpha Metallurgical Resources (a) | 29,324 | 1,146,862 | |
Ampco-Pittsburgh Corp. (a)(b) | 10,622 | 50,986 | |
Arconic Corp. (a) | 154,837 | 5,340,328 | |
Carpenter Technology Corp. | 76,462 | 2,550,008 | |
Century Aluminum Co. (a) | 77,869 | 998,281 | |
Cleveland-Cliffs, Inc. (a) | 724,965 | 17,014,929 | |
Coeur d'Alene Mines Corp. (a) | 412,012 | 2,904,685 | |
Commercial Metals Co. | 196,834 | 6,420,725 | |
Compass Minerals International, Inc. | 56,183 | 3,760,328 | |
Comstock Mining, Inc. (a)(b) | 142,510 | 430,380 | |
Freeport-McMoRan, Inc. | 2,325,612 | 84,629,021 | |
Friedman Industries | 9,343 | 114,452 | |
Gatos Silver, Inc. | 37,882 | 543,228 | |
Gold Resource Corp. | 117,167 | 201,527 | |
Golden Minerals Co. (a)(b) | 97,441 | 51,537 | |
Haynes International, Inc. | 21,795 | 855,454 | |
Hecla Mining Co. | 851,017 | 5,233,755 | |
Hycroft Mining Holding Corp. (a)(b) | 59,742 | 115,302 | |
Kaiser Aluminum Corp. | 26,057 | 3,289,957 | |
Materion Corp. | 33,447 | 2,442,634 | |
McEwen Mining, Inc. (a)(b) | 552,224 | 635,058 | |
MP Materials Corp. (a)(b) | 103,970 | 3,490,273 | |
Newmont Corp. | 1,274,269 | 73,894,859 | |
Nucor Corp. | 474,087 | 55,733,668 | |
Olympic Steel, Inc. | 15,009 | 409,145 | |
Paramount Gold Nevada Corp. (a) | 5,612 | 4,967 | |
Ramaco Resources, Inc. (a) | 20,697 | 186,066 | |
Reliance Steel & Aluminum Co. | 100,791 | 15,122,682 | |
Royal Gold, Inc. | 104,066 | 11,585,668 | |
Ryerson Holding Corp. | 24,848 | 575,231 | |
Schnitzer Steel Industries, Inc. Class A | 43,053 | 2,036,837 | |
Solitario Exploration & Royalty Corp. (a)(b) | 12,775 | 6,911 | |
Steel Dynamics, Inc. | 317,826 | 21,450,077 | |
SunCoke Energy, Inc. | 132,237 | 919,047 | |
Synalloy Corp. (a) | 10,355 | 120,636 | |
TimkenSteel Corp. (a)(b) | 64,113 | 877,066 | |
U.S. Antimony Corp. (a)(b) | 69,277 | 65,301 | |
U.S. Gold Corp. (a) | 4,474 | 42,369 | |
United States Steel Corp. | 426,184 | 11,400,422 | |
Universal Stainless & Alloy Products, Inc. (a) | 11,782 | 130,898 | |
Warrior Metropolitan Coal, Inc. | 77,469 | 1,734,531 | |
Worthington Industries, Inc. | 56,864 | 3,295,269 | |
358,495,327 | |||
Paper & Forest Products - 0.1% | |||
Clearwater Paper Corp. (a) | 25,374 | 824,401 | |
Domtar Corp. (a) | 83,969 | 4,604,020 | |
Glatfelter Corp. | 68,287 | 1,078,935 | |
Louisiana-Pacific Corp. | 165,633 | 10,507,758 | |
Mercer International, Inc. (SBI) | 69,747 | 793,721 | |
Neenah, Inc. | 27,539 | 1,387,690 | |
Resolute Forest Products (b) | 138,617 | 1,698,058 | |
Schweitzer-Mauduit International, Inc. | 51,726 | 1,979,554 | |
Verso Corp. | 52,711 | 1,004,145 | |
23,878,282 | |||
TOTAL MATERIALS | 2,037,304,268 | ||
REAL ESTATE - 3.4% | |||
Equity Real Estate Investment Trusts (REITs) - 3.2% | |||
Acadia Realty Trust (SBI) | 133,570 | 2,834,355 | |
Agree Realty Corp. | 113,183 | 8,437,793 | |
Alexander & Baldwin, Inc. | 122,362 | 2,554,919 | |
Alexanders, Inc. | 4,201 | 1,118,726 | |
Alexandria Real Estate Equities, Inc. | 219,051 | 45,205,555 | |
Alpine Income Property Trust, Inc. | 17,081 | 321,806 | |
American Assets Trust, Inc. | 80,482 | 3,204,793 | |
American Campus Communities, Inc. | 220,817 | 11,228,544 | |
American Finance Trust, Inc. | 202,108 | 1,742,171 | |
American Homes 4 Rent Class A | 437,881 | 18,364,729 | |
American Tower Corp. | 722,000 | 210,946,740 | |
Americold Realty Trust | 402,882 | 14,801,885 | |
Apartment Income (REIT) Corp. | 258,726 | 13,148,455 | |
Apartment Investment & Management Co. Class A | 224,110 | 1,609,110 | |
Apple Hospitality (REIT), Inc. | 341,108 | 5,041,576 | |
Armada Hoffler Properties, Inc. | 102,818 | 1,380,846 | |
Ashford Hospitality Trust, Inc. (a) | 26,976 | 416,779 | |
AvalonBay Communities, Inc. | 221,644 | 50,885,030 | |
Bluerock Residential Growth (REIT), Inc. | 42,858 | 466,724 | |
Boston Properties, Inc. | 224,688 | 25,387,497 | |
Braemar Hotels & Resorts, Inc. (a) | 44,906 | 226,326 | |
Brandywine Realty Trust (SBI) | 268,007 | 3,719,937 | |
Brixmor Property Group, Inc. | 463,779 | 10,875,618 | |
Broadstone Net Lease, Inc. | 240,854 | 6,599,400 | |
BRT Apartments Corp. | 38,461 | 746,913 | |
Camden Property Trust (SBI) | 154,824 | 23,229,793 | |
CareTrust (REIT), Inc. | 155,166 | 3,412,100 | |
CatchMark Timber Trust, Inc. | 71,502 | 825,133 | |
Cedar Realty Trust, Inc. (b) | 20,673 | 359,503 | |
Centerspace | 21,425 | 2,167,782 | |
Chatham Lodging Trust (a) | 72,371 | 868,452 | |
CIM Commercial Trust Corp. | 40,536 | 283,752 | |
City Office REIT, Inc. | 79,355 | 1,267,299 | |
Clipper Realty, Inc. | 18,245 | 153,988 | |
Columbia Property Trust, Inc. | 186,233 | 3,113,816 | |
Community Healthcare Trust, Inc. | 39,903 | 1,935,695 | |
Condor Hospitality Trust, Inc. (a) | 6,190 | 36,273 | |
CorEnergy Infrastructure Trust, Inc. | 20,064 | 96,708 | |
CorePoint Lodging, Inc. (a) | 63,549 | 918,919 | |
CoreSite Realty Corp. | 68,405 | 10,149,250 | |
Corporate Office Properties Trust (SBI) | 175,005 | 4,931,641 | |
Cousins Properties, Inc. | 235,460 | 9,079,338 | |
Crown Castle International Corp. | 686,921 | 133,736,649 | |
CTO Realty Growth, Inc. | 9,746 | 546,653 | |
CubeSmart | 319,536 | 17,095,176 | |
CyrusOne, Inc. | 194,670 | 14,985,697 | |
DiamondRock Hospitality Co. (a) | 330,337 | 2,986,246 | |
Digital Realty Trust, Inc. | 446,473 | 73,181,389 | |
Digitalbridge Group, Inc. (a)(b) | 760,222 | 5,245,532 | |
Diversified Healthcare Trust (SBI) | 369,964 | 1,387,365 | |
Douglas Emmett, Inc. | 265,658 | 8,769,371 | |
Duke Realty Corp. | 598,586 | 31,431,751 | |
Easterly Government Properties, Inc. | 135,481 | 2,895,229 | |
EastGroup Properties, Inc. | 65,739 | 11,850,112 | |
Empire State Realty Trust, Inc. | 226,638 | 2,327,572 | |
EPR Properties | 118,316 | 6,004,537 | |
Equinix, Inc. | 142,200 | 119,938,590 | |
Equity Commonwealth | 192,473 | 5,069,739 | |
Equity Lifestyle Properties, Inc. | 271,059 | 23,058,989 | |
Equity Residential (SBI) | 545,884 | 45,892,468 | |
Essential Properties Realty Trust, Inc. | 185,859 | 6,023,690 | |
Essex Property Trust, Inc. | 102,901 | 34,033,477 | |
Extra Space Storage, Inc. | 214,108 | 40,018,926 | |
Farmland Partners, Inc. | 63,109 | 773,085 | |
Federal Realty Investment Trust (SBI) | 113,037 | 13,764,515 | |
First Industrial Realty Trust, Inc. | 206,239 | 11,547,322 | |
Four Corners Property Trust, Inc. | 117,650 | 3,365,967 | |
Franklin Street Properties Corp. | 166,446 | 798,941 | |
Gaming & Leisure Properties | 347,984 | 17,155,611 | |
Getty Realty Corp. | 66,664 | 2,108,582 | |
Gladstone Commercial Corp. | 68,755 | 1,555,926 | |
Gladstone Land Corp. | 35,626 | 838,992 | |
Global Medical REIT, Inc. | 95,070 | 1,465,979 | |
Global Net Lease, Inc. | 157,928 | 2,684,776 | |
Global Self Storage, Inc. | 1,725 | 9,367 | |
Healthcare Realty Trust, Inc. | 226,598 | 6,804,738 | |
Healthcare Trust of America, Inc. | 345,228 | 10,470,765 | |
Healthpeak Properties, Inc. | 855,508 | 30,798,288 | |
Hersha Hospitality Trust (a) | 63,989 | 600,217 | |
Highwoods Properties, Inc. (SBI) | 165,356 | 7,555,116 | |
Host Hotels & Resorts, Inc. (a) | 1,114,626 | 18,458,207 | |
Hudson Pacific Properties, Inc. | 242,333 | 6,392,745 | |
Independence Realty Trust, Inc. | 247,316 | 5,065,032 | |
Indus Realty Trust, Inc. | 7,936 | 556,393 | |
Industrial Logistics Properties Trust | 114,465 | 3,139,775 | |
Invitation Homes, Inc. | 903,659 | 37,212,678 | |
Iron Mountain, Inc. | 458,316 | 21,884,589 | |
iStar Financial, Inc. | 117,954 | 3,119,883 | |
JBG SMITH Properties | 178,723 | 5,384,924 | |
Kilroy Realty Corp. | 168,346 | 11,051,915 | |
Kimco Realty Corp. | 958,420 | 20,883,972 | |
Kite Realty Group Trust | 138,925 | 2,814,621 | |
Lamar Advertising Co. Class A | 138,244 | 15,736,315 | |
Lexington Corporate Properties Trust | 437,782 | 5,923,190 | |
Life Storage, Inc. | 121,075 | 15,066,573 | |
LTC Properties, Inc. | 61,833 | 2,133,857 | |
Mack-Cali Realty Corp. (a) | 143,375 | 2,563,545 | |
Medical Properties Trust, Inc. | 939,305 | 19,236,966 | |
Mid-America Apartment Communities, Inc. | 182,440 | 35,095,983 | |
Monmouth Real Estate Investment Corp. Class A | 158,687 | 3,011,879 | |
National Health Investors, Inc. | 72,516 | 4,337,907 | |
National Retail Properties, Inc. | 280,674 | 13,362,889 | |
National Storage Affiliates Trust | 122,475 | 7,011,694 | |
NETSTREIT Corp. | 42,976 | 1,111,359 | |
New Senior Investment Group, Inc. | 142,626 | 1,245,125 | |
New York City REIT, Inc. | 7,820 | 72,100 | |
NexPoint Residential Trust, Inc. | 35,986 | 2,331,533 | |
Office Properties Income Trust | 86,626 | 2,298,188 | |
Omega Healthcare Investors, Inc. | 381,874 | 12,804,235 | |
One Liberty Properties, Inc. | 29,137 | 927,722 | |
Outfront Media, Inc. | 236,645 | 5,859,330 | |
Paramount Group, Inc. | 268,972 | 2,383,092 | |
Park Hotels & Resorts, Inc. (a) | 371,137 | 7,103,562 | |
Pebblebrook Hotel Trust | 212,843 | 4,688,931 | |
Pennsylvania Real Estate Investment Trust (SBI) (a) | 82,490 | 159,206 | |
Physicians Realty Trust | 354,273 | 6,557,593 | |
Piedmont Office Realty Trust, Inc. Class A | 206,647 | 3,682,450 | |
Plymouth Industrial REIT, Inc. | 50,320 | 1,185,539 | |
Postal Realty Trust, Inc. | 20,396 | 398,742 | |
Potlatch Corp. | 106,834 | 5,550,026 | |
Preferred Apartment Communities, Inc. Class A | 79,157 | 987,879 | |
Prologis (REIT), Inc. | 1,175,242 | 158,258,088 | |
PS Business Parks, Inc. | 33,593 | 5,281,827 | |
Public Storage | 241,424 | 78,127,221 | |
QTS Realty Trust, Inc. Class A | 113,575 | 8,856,579 | |
Rayonier, Inc. | 222,063 | 8,167,477 | |
Realty Income Corp. | 597,208 | 43,130,362 | |
Regency Centers Corp. | 249,578 | 17,126,042 | |
Retail Opportunity Investments Corp. | 189,130 | 3,419,470 | |
Retail Properties America, Inc. | 348,925 | 4,612,789 | |
Retail Value, Inc. | 27,342 | 683,550 | |
Rexford Industrial Realty, Inc. | 214,658 | 13,293,770 | |
RLJ Lodging Trust | 270,255 | 3,899,780 | |
RPT Realty | 129,153 | 1,671,240 | |
Ryman Hospitality Properties, Inc. (a) | 88,041 | 7,313,566 | |
Sabra Health Care REIT, Inc. | 334,677 | 5,354,832 | |
Safehold, Inc. | 25,633 | 2,296,973 | |
Saul Centers, Inc. | 24,642 | 1,135,503 | |
SBA Communications Corp. Class A | 174,113 | 62,501,344 | |
Seritage Growth Properties (a) | 62,696 | 1,013,794 | |
Service Properties Trust | 253,353 | 2,895,825 | |
Simon Property Group, Inc. | 521,459 | 70,110,163 | |
SITE Centers Corp. | 264,565 | 4,262,142 | |
SL Green Realty Corp. | 110,842 | 7,767,807 | |
Sotherly Hotels, Inc. (a) | 1,919 | 4,606 | |
Spirit Realty Capital, Inc. | 182,605 | 9,453,461 | |
Stag Industrial, Inc. | 251,691 | 10,633,945 | |
Store Capital Corp. | 388,833 | 14,025,206 | |
Summit Hotel Properties, Inc. (a) | 162,980 | 1,518,974 | |
Sun Communities, Inc. | 177,968 | 35,858,772 | |
Sunstone Hotel Investors, Inc. (a) | 341,796 | 3,961,416 | |
Tanger Factory Outlet Centers, Inc. | 158,706 | 2,653,564 | |
Terreno Realty Corp. | 113,386 | 7,575,319 | |
The GEO Group, Inc. (b) | 187,252 | 1,451,203 | |
The Macerich Co. | 289,550 | 4,945,514 | |
UDR, Inc. | 472,208 | 25,508,676 | |
UMH Properties, Inc. | 68,758 | 1,629,565 | |
Uniti Group, Inc. | 373,239 | 4,878,234 | |
Universal Health Realty Income Trust (SBI) | 23,068 | 1,366,318 | |
Urban Edge Properties | 178,440 | 3,379,654 | |
Urstadt Biddle Properties, Inc. Class A | 52,535 | 1,002,368 | |
Ventas, Inc. | 594,117 | 33,234,905 | |
VEREIT, Inc. | 363,918 | 18,388,777 | |
VICI Properties, Inc. (b) | 852,042 | 26,336,618 | |
Vornado Realty Trust | 245,552 | 10,283,718 | |
Washington REIT (SBI) | 134,568 | 3,383,040 | |
Welltower, Inc. | 662,158 | 57,958,690 | |
Weyerhaeuser Co. | 1,189,586 | 42,825,096 | |
Wheeler REIT, Inc. (a) | 4,774 | 15,659 | |
Whitestone REIT Class B | 60,198 | 590,542 | |
WP Carey, Inc. | 285,090 | 22,271,231 | |
Xenia Hotels & Resorts, Inc. (a) | 176,409 | 3,073,045 | |
2,381,053,418 | |||
Real Estate Management & Development - 0.2% | |||
Altisource Portfolio Solutions SA (a) | 15,310 | 166,114 | |
American Realty Investments, Inc. (a) | 4,842 | 54,715 | |
Amrep Corp. (a) | 2,310 | 34,766 | |
CBRE Group, Inc. (a) | 531,897 | 51,221,681 | |
Cushman & Wakefield PLC (a) | 204,948 | 3,717,757 | |
eXp World Holdings, Inc. (b) | 92,404 | 4,236,723 | |
Fathom Holdings, Inc. (a)(b) | 6,140 | 175,481 | |
Forestar Group, Inc. (a) | 24,244 | 504,033 | |
FRP Holdings, Inc. (a) | 12,591 | 726,501 | |
Howard Hughes Corp. (a) | 71,253 | 6,450,534 | |
Jones Lang LaSalle, Inc. (a) | 80,987 | 19,633,678 | |
Kennedy-Wilson Holdings, Inc. | 202,903 | 4,461,837 | |
Marcus & Millichap, Inc. (a) | 36,221 | 1,420,588 | |
Maui Land & Pineapple, Inc. (a) | 22,080 | 242,438 | |
Newmark Group, Inc. | 261,005 | 3,554,888 | |
Opendoor Technologies, Inc. (a)(b) | 541,476 | 9,600,369 | |
Rafael Holdings, Inc. (a)(b) | 15,875 | 664,369 | |
RE/MAX Holdings, Inc. | 28,435 | 952,288 | |
Realogy Holdings Corp. (a) | 182,366 | 3,200,523 | |
Redfin Corp. (a)(b) | 163,212 | 7,927,207 | |
Stratus Properties, Inc. (a) | 9,028 | 272,014 | |
Tejon Ranch Co. (a) | 27,823 | 534,758 | |
The RMR Group, Inc. | 23,696 | 1,098,073 | |
The St. Joe Co. (b) | 47,225 | 2,185,101 | |
Transcontinental Realty Investors, Inc. (a) | 14,596 | 507,211 | |
Trinity Place Holdings, Inc. (a) | 9,192 | 19,487 | |
123,563,134 | |||
TOTAL REAL ESTATE | 2,504,616,552 | ||
UTILITIES - 2.4% | |||
Electric Utilities - 1.4% | |||
Allete, Inc. | 82,156 | 5,538,958 | |
Alliant Energy Corp. | 395,966 | 24,070,773 | |
American Electric Power Co., Inc. | 790,134 | 70,772,302 | |
Avangrid, Inc. (b) | 122,208 | 6,678,667 | |
Duke Energy Corp. | 1,217,899 | 127,465,309 | |
Edison International | 603,376 | 34,899,268 | |
Entergy Corp. | 319,304 | 35,318,215 | |
Evergy, Inc. | 363,898 | 24,908,818 | |
Eversource Energy | 545,448 | 49,488,497 | |
Exelon Corp. | 1,548,525 | 75,908,696 | |
FirstEnergy Corp. | 866,001 | 33,661,459 | |
Genie Energy Ltd. Class B | 35,001 | 236,607 | |
Hawaiian Electric Industries, Inc. | 171,956 | 7,497,282 | |
IDACORP, Inc. | 80,953 | 8,528,399 | |
MGE Energy, Inc. | 59,045 | 4,755,484 | |
NextEra Energy, Inc. | 3,114,276 | 261,568,041 | |
NRG Energy, Inc. | 389,909 | 17,807,144 | |
OGE Energy Corp. | 316,612 | 11,211,231 | |
Otter Tail Corp. | 68,364 | 3,751,133 | |
PG&E Corp. (a) | 2,360,620 | 21,646,885 | |
Pinnacle West Capital Corp. | 179,526 | 13,805,549 | |
PNM Resources, Inc. | 138,500 | 6,855,750 | |
Portland General Electric Co. | 139,890 | 7,183,352 | |
PPL Corp. | 1,221,064 | 35,838,228 | |
Southern Co. | 1,676,179 | 110,175,246 | |
Via Renewables, Inc. Class A, (b) | 17,335 | 194,152 | |
Xcel Energy, Inc. | 855,505 | 58,815,969 | |
1,058,581,414 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 204,612 | 19,951,716 | |
Chesapeake Utilities Corp. | 28,743 | 3,756,710 | |
National Fuel Gas Co. | 144,346 | 7,478,566 | |
New Jersey Resources Corp. | 155,361 | 5,801,180 | |
Northwest Natural Holding Co. | 48,857 | 2,513,693 | |
ONE Gas, Inc. | 85,316 | 6,127,395 | |
RGC Resources, Inc. | 11,687 | 280,955 | |
South Jersey Industries, Inc. | 221,783 | 5,502,436 | |
Southwest Gas Corp. | 87,296 | 6,137,782 | |
Spire, Inc. | 79,339 | 5,291,911 | |
UGI Corp. | 326,943 | 15,140,730 | |
77,983,074 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Clearway Energy, Inc.: | |||
Class A | 59,386 | 1,766,140 | |
Class C | 140,582 | 4,412,869 | |
Ormat Technologies, Inc. (b) | 70,556 | 5,018,648 | |
Sunnova Energy International, Inc. (a)(b) | 102,035 | 3,693,667 | |
The AES Corp. | 1,047,564 | 25,005,353 | |
Vistra Corp. | 764,251 | 14,589,552 | |
54,486,229 | |||
Multi-Utilities - 0.7% | |||
Ameren Corp. | 408,859 | 35,865,111 | |
Avista Corp. | 109,493 | 4,582,282 | |
Black Hills Corp. | 103,572 | 7,284,219 | |
CenterPoint Energy, Inc. | 927,130 | 23,261,692 | |
CMS Energy Corp. | 462,071 | 29,632,613 | |
Consolidated Edison, Inc. | 541,742 | 40,874,434 | |
Dominion Energy, Inc. | 1,280,552 | 99,678,168 | |
DTE Energy Co. | 307,637 | 37,021,037 | |
MDU Resources Group, Inc. | 319,213 | 10,269,082 | |
NiSource, Inc. | 624,954 | 15,405,116 | |
NorthWestern Energy Corp. | 80,780 | 5,137,608 | |
Public Service Enterprise Group, Inc. | 802,852 | 51,334,357 | |
Sempra Energy | 500,430 | 66,236,915 | |
Unitil Corp. | 25,972 | 1,288,211 | |
WEC Energy Group, Inc. | 499,897 | 47,230,269 | |
475,101,114 | |||
Water Utilities - 0.1% | |||
American States Water Co. | 57,283 | 5,282,065 | |
American Water Works Co., Inc. | 287,341 | 52,367,897 | |
Artesian Resources Corp. Class A | 13,592 | 535,661 | |
Cadiz, Inc. (a)(b) | 51,666 | 694,391 | |
California Water Service Group | 80,737 | 5,130,836 | |
Essential Utilities, Inc. | 354,236 | 17,580,733 | |
Global Water Resources, Inc. | 12,626 | 252,520 | |
Middlesex Water Co. (b) | 27,124 | 2,967,637 | |
Pure Cycle Corp. (a) | 33,010 | 493,500 | |
SJW Corp. | 44,312 | 3,072,151 | |
York Water Co. | 23,522 | 1,213,030 | |
89,590,421 | |||
TOTAL UTILITIES | 1,755,742,252 | ||
TOTAL COMMON STOCKS | |||
(Cost $36,975,924,874) | 73,528,874,659 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
ENERGY - 0.0% | |||
Oil, Gas & Consumable Fuels - 0.0% | |||
Meta Materials, Inc. Series A (c) | |||
(Cost $74,220) | 189,090 | 219,344 | |
Principal Amount | Value | ||
Nonconvertible Bonds - 0.0% | |||
FINANCIALS - 0.0% | |||
Capital Markets - 0.0% | |||
GAMCO Investors, Inc. 4% 6/15/23 (Cost $11,000)(c)(e) | 11,000 | 10,999 | |
Shares | Value | ||
Money Market Funds - 1.7% | |||
Fidelity Cash Central Fund 0.06% (f) | 172,931,632 | 172,966,218 | |
Fidelity Securities Lending Cash Central Fund 0.06% (f)(g) | 1,103,092,298 | 1,103,202,607 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $1,276,138,240) | 1,276,168,825 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% | |||
(Cost $38,252,148,334) | 74,805,273,827 | ||
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (1,109,493,894) | ||
NET ASSETS - 100% | $73,695,779,933 |
Securities Sold Short - 0.0%
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) | 202 | Sept. 2021 | $22,939,120 | $1,062,187 | $1,062,187 |
CME E-mini S&P 500 Index Contracts (United States) | 692 | Sept. 2021 | 156,409,300 | 10,302,040 | 10,302,040 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 42 | Sept. 2021 | 11,558,400 | 464,243 | 464,243 |
TOTAL FUTURES CONTRACTS | $11,828,470 |
The notional amount of futures purchased as a percentage of Net Assets is 0.3%
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 $5,700,148 or 0.0% of net assets.
(e) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $184,219,556 | $2,942,748,954 | $2,954,002,292 | $64,293 | $-- | $-- | $172,966,218 | 0.3% |
Fidelity Securities Lending Cash Central Fund 0.06% | 922,534,623 | 3,807,632,179 | 3,626,964,195 | 4,269,073 | -- | -- | 1,103,202,607 | 3.3% |
Total | $1,106,754,179 | $6,750,381,133 | $6,580,966,487 | $4,333,336 | $-- | $-- | $1,276,168,825 |
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 August 31, 2021, 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 | $7,742,606,569 | $7,742,283,170 | $-- | $323,399 |
Consumer Discretionary | 8,739,743,063 | 8,739,739,116 | -- | 3,947 |
Consumer Staples | 3,838,619,463 | 3,838,619,463 | -- | -- |
Energy | 1,743,801,685 | 1,743,582,341 | -- | 219,344 |
Financials | 8,600,027,645 | 8,600,027,645 | -- | -- |
Health Care | 9,942,935,457 | 9,942,392,279 | 55 | 543,123 |
Industrials | 6,698,992,363 | 6,698,992,323 | -- | 40 |
Information Technology | 19,924,704,686 | 19,924,703,405 | -- | 1,281 |
Materials | 2,037,304,268 | 2,037,304,268 | -- | -- |
Real Estate | 2,504,616,552 | 2,504,616,552 | -- | -- |
Utilities | 1,755,742,252 | 1,755,742,252 | -- | -- |
Corporate Bonds | 10,999 | -- | -- | 10,999 |
Money Market Funds | 1,276,168,825 | 1,276,168,825 | -- | -- |
Total Investments in Securities: | $74,805,273,827 | $74,804,171,639 | $55 | $1,102,133 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $11,828,470 | $11,828,470 | $-- | $-- |
Total Assets | $11,828,470 | $11,828,470 | $-- | $-- |
Total Derivative Instruments: | $11,828,470 | $11,828,470 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2021. 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) | $11,828,470 | $0 |
Total Equity Risk | 11,828,470 | 0 |
Total Value of Derivatives | $11,828,470 | $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® Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
August 31, 2021 (Unaudited) | ||
Assets | ||
Investment in securities, at value (including securities loaned of $1,081,192,790) — See accompanying schedule: Unaffiliated issuers (cost $36,976,010,094) | $73,529,105,002 | |
Fidelity Central Funds (cost $1,276,138,240) | 1,276,168,825 | |
Total Investment in Securities (cost $38,252,148,334) | $74,805,273,827 | |
Segregated cash with brokers for derivative instruments | 11,657,000 | |
Cash | 594,291 | |
Receivable for fund shares sold | 35,168,338 | |
Dividends receivable | 80,807,192 | |
Interest receivable | 94 | |
Distributions receivable from Fidelity Central Funds | 448,925 | |
Other receivables | 1,526,698 | |
Total assets | 74,935,476,365 | |
Liabilities | ||
Payable for investments purchased | $110,164,069 | |
Payable for fund shares redeemed | 23,971,825 | |
Accrued management fee | 901,869 | |
Payable for daily variation margin on futures contracts | 172,025 | |
Other payables and accrued expenses | 1,525,105 | |
Collateral on securities loaned | 1,102,961,539 | |
Total liabilities | 1,239,696,432 | |
Net Assets | $73,695,779,933 | |
Net Assets consist of: | ||
Paid in capital | $37,299,754,729 | |
Total accumulated earnings (loss) | 36,396,025,204 | |
Net Assets | $73,695,779,933 | |
Net Asset Value, offering price and redemption price per share ($73,695,779,933 ÷ 567,988,828 shares) | $129.75 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Six months ended August 31, 2021 (Unaudited) | ||
Investment Income | ||
Dividends | $452,446,931 | |
Interest | 1,683 | |
Income from Fidelity Central Funds (including $4,269,073 from security lending) | 4,333,366 | |
Total income | 456,781,980 | |
Expenses | ||
Management fee | $4,943,541 | |
Independent trustees' fees and expenses | 120,918 | |
Total expenses before reductions | 5,064,459 | |
Expense reductions | (179) | |
Total expenses after reductions | 5,064,280 | |
Net investment income (loss) | 451,717,700 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 91,613,253 | |
Futures contracts | 40,831,743 | |
Total net realized gain (loss) | 132,444,996 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 10,002,444,465 | |
Futures contracts | 3,549,975 | |
Total change in net unrealized appreciation (depreciation) | 10,005,994,440 | |
Net gain (loss) | 10,138,439,436 | |
Net increase (decrease) in net assets resulting from operations | $10,590,157,136 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Six months ended August 31, 2021 (Unaudited) | Year ended February 28, 2021 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $451,717,700 | $796,886,543 |
Net realized gain (loss) | 132,444,996 | (242,524,739) |
Change in net unrealized appreciation (depreciation) | 10,005,994,440 | 14,748,963,658 |
Net increase (decrease) in net assets resulting from operations | 10,590,157,136 | 15,303,325,462 |
Distributions to shareholders | (74,288,811) | (824,389,466) |
Share transactions | ||
Proceeds from sales of shares | 6,583,994,130 | 10,243,071,315 |
Reinvestment of distributions | 66,679,308 | 738,069,837 |
Cost of shares redeemed | (3,354,925,461) | (11,561,910,022) |
Net increase (decrease) in net assets resulting from share transactions | 3,295,747,977 | (580,768,870) |
Total increase (decrease) in net assets | 13,811,616,302 | 13,898,167,126 |
Net Assets | ||
Beginning of period | 59,884,163,631 | 45,985,996,505 |
End of period | $73,695,779,933 | $59,884,163,631 |
Other Information | ||
Shares | ||
Sold | 54,652,633 | 110,415,936 |
Issued in reinvestment of distributions | 561,227 | 7,454,771 |
Redeemed | (27,698,755) | (131,056,842) |
Net increase (decrease) | 27,515,105 | (13,186,135) |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Total Market Index Fund
Six months ended (Unaudited) August 31, | Years endedFebruary 28, | |||||
2021 | 2021 | 2020 A | 2019 | 2018 | 2017 | |
Selected Per–Share Data | ||||||
Net asset value, beginning of period | $110.80 | $83.06 | $79.36 | $77.42 | $68.19 | $55.31 |
Income from Investment Operations | ||||||
Net investment income (loss)B | .81 | 1.50 | 1.57 | 1.45 | 1.36 | 1.28 |
Net realized and unrealized gain (loss) | 18.28 | 27.80 | 3.88 | 2.28 | 9.65 | 13.17 |
Total from investment operations | 19.09 | 29.30 | 5.45 | 3.73 | 11.01 | 14.45 |
Distributions from net investment income | (.14) | (1.56) | (1.63) | (1.46) | (1.27) | (1.17) |
Distributions from net realized gain | – | – | (.13) | (.34) | (.51) | (.39) |
Total distributions | (.14) | (1.56) | (1.75)C | (1.79)C | (1.78) | (1.57)C |
Redemption fees added to paid in capitalB | – | – | – | – | – | –D |
Net asset value, end of period | $129.75 | $110.80 | $83.06 | $79.36 | $77.42 | $68.19 |
Total ReturnE,F | 17.24% | 35.50% | 6.77% | 5.02% | 16.25% | 26.32% |
Ratios to Average Net AssetsG,H | ||||||
Expenses before reductions | .02%I | .02% | .02% | .02% | .02% | .02% |
Expenses net of fee waivers, if any | .02%I | .02% | .02% | .02% | .02% | .02% |
Expenses net of all reductions | .02%I | .02% | .02% | .02% | .02% | .02% |
Net investment income (loss) | 1.34%I | 1.60% | 1.84% | 1.90% | 1.86% | 2.02% |
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $73,695,780 | $59,884,164 | $45,985,996 | $43,922,333 | $6,114,864 | $4,684,669 |
Portfolio turnover rateJ | 2%I | 6%K | 11%K | 8% | 2% | 4% |
A For the year ended February 29.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Amount represents less than $.005 per share.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G 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.
H 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.
I Annualized
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
K Portfolio turnover rate excludes securities received or delivered in-kind.
See accompanying notes which are an integral part of the financial statements.
Fidelity® Extended Market Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of August 31, 2021
% of fund's net assets | |
Square, Inc. | 1.3 |
The Blackstone Group LP | 1.1 |
Snap, Inc. Class A | 0.9 |
Zoom Video Communications, Inc. Class A | 0.8 |
Twilio, Inc. Class A | 0.7 |
Uber Technologies, Inc. | 0.7 |
DocuSign, Inc. | 0.7 |
Crowdstrike Holdings, Inc. | 0.7 |
Workday, Inc. Class A | 0.7 |
Marvell Technology, Inc. | 0.6 |
8.2 |
Top Market Sectors as of August 31, 2021
% of fund's net assets | |
Information Technology | 23.0 |
Financials | 14.2 |
Health Care | 14.2 |
Industrials | 13.3 |
Consumer Discretionary | 11.7 |
Real Estate | 7.1 |
Communication Services | 6.0 |
Materials | 3.8 |
Consumer Staples | 2.6 |
Energy | 2.2 |
Fidelity® Extended Market Index Fund
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 100.0% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 6.0% | |||
Diversified Telecommunication Services - 0.4% | |||
Anterix, Inc. (a) | 65,063 | $3,840,018 | |
AST SpaceMobile, Inc. (a)(b) | 226,127 | 2,792,668 | |
ATN International, Inc. | 49,421 | 2,253,103 | |
Bandwidth, Inc. (a)(b) | 121,198 | 12,471,274 | |
Cincinnati Bell, Inc. (a) | 265,617 | 4,114,407 | |
Cogent Communications Group, Inc. | 230,315 | 16,716,263 | |
Consolidated Communications Holdings, Inc. (a) | 373,432 | 3,461,715 | |
Cuentas, Inc. (a)(b) | 9,657 | 30,516 | |
Globalstar, Inc. (a)(b) | 3,619,090 | 7,201,989 | |
IDT Corp. Class B (a) | 96,642 | 4,201,994 | |
Iridium Communications, Inc. (a)(b) | 634,291 | 28,232,292 | |
Liberty Global PLC: | |||
Class A (a) | 796,154 | 22,881,466 | |
Class B (a) | 300 | 8,553 | |
Class C (a) | 1,839,653 | 53,313,144 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 233,416 | 3,328,512 | |
Class C (a) | 865,723 | 12,457,754 | |
Ooma, Inc. (a) | 121,556 | 2,309,564 | |
ORBCOMM, Inc. (a) | 449,010 | 5,159,125 | |
Radius Global Infrastructure, Inc. (a) | 332,338 | 5,942,203 | |
190,716,560 | |||
Entertainment - 1.2% | |||
AMC Entertainment Holdings, Inc. Class A (a)(b) | 2,716,492 | 128,028,268 | |
Ballantyne of Omaha, Inc. (a) | 109,624 | 367,240 | |
Chicken Soup For The Soul Entertainment, Inc. (a)(b) | 36,202 | 878,261 | |
Cinedigm Corp. (a) | 531,106 | 998,479 | |
Cinemark Holdings, Inc. (a)(b) | 567,743 | 10,122,858 | |
CuriosityStream, Inc. Class A (a)(b) | 137,758 | 1,721,975 | |
Dolphin Entertainment, Inc. (a)(b) | 43,167 | 583,186 | |
Gaia, Inc. Class A (a)(b) | 94,288 | 921,194 | |
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 409,542 | 5,291,283 | |
Class B (a) | 547,200 | 6,435,072 | |
LiveXLive Media, Inc. (a)(b) | 320,495 | 1,099,298 | |
Madison Square Garden Entertainment Corp. (a)(b) | 134,082 | 10,752,036 | |
Madison Square Garden Sports Corp. (a) | 91,863 | 16,606,993 | |
Marcus Corp. (a)(b) | 118,419 | 1,847,336 | |
Motorsport Games, Inc. Class A (b) | 18,876 | 203,295 | |
Playtika Holding Corp. | 376,315 | 9,930,953 | |
Reading International, Inc. Class A (a) | 98,030 | 503,874 | |
Roku, Inc. Class A (a) | 623,744 | 219,807,386 | |
Sciplay Corp. (A Shares) (a) | 140,772 | 2,633,844 | |
Skillz, Inc. (a)(b) | 1,357,907 | 15,982,565 | |
Warner Music Group Corp. Class A | 506,085 | 19,231,230 | |
World Wrestling Entertainment, Inc. Class A | 244,005 | 12,715,101 | |
Zynga, Inc. (a) | 5,469,769 | 48,407,456 | |
515,069,183 | |||
Interactive Media & Services - 2.6% | |||
Angi, Inc. (a) | 454,871 | 4,839,827 | |
Autoweb, Inc. (a)(b) | 46,143 | 123,663 | |
Bumble, Inc. (b) | 285,250 | 15,546,125 | |
CarGurus, Inc. Class A (a) | 491,939 | 14,945,107 | |
Cars.com, Inc. (a) | 371,462 | 4,724,997 | |
Creatd, Inc. (a)(b) | 56,758 | 170,274 | |
DHI Group, Inc. (a) | 262,377 | 1,183,320 | |
Eventbrite, Inc. (a)(b) | 400,810 | 7,086,321 | |
EverQuote, Inc. Class A (a) | 63,543 | 1,251,162 | |
fuboTV, Inc. (a)(b) | 515,637 | 15,030,819 | |
IAC (a) | 450,387 | 59,473,603 | |
Izea Worldwide, Inc. (a)(b) | 296,747 | 729,998 | |
Kubient, Inc. (b) | 57,103 | 202,716 | |
Liberty TripAdvisor Holdings, Inc. (a) | 388,143 | 1,451,655 | |
Match Group, Inc. (a) | 1,462,825 | 201,050,668 | |
MediaAlpha, Inc. Class A | 123,389 | 2,736,768 | |
Pinterest, Inc. Class A (a) | 2,962,987 | 164,653,188 | |
Professional Diversity Network, Inc. (a)(b) | 32,999 | 41,909 | |
QuinStreet, Inc. (a) | 269,180 | 4,821,014 | |
Snap, Inc. Class A (a) | 5,081,973 | 386,788,965 | |
Super League Gaming, Inc. (a)(b) | 122,350 | 519,988 | |
Travelzoo, Inc. (a)(b) | 36,094 | 440,708 | |
TripAdvisor, Inc. (a)(b) | 533,537 | 18,673,795 | |
TrueCar, Inc. (a) | 514,429 | 2,160,602 | |
Vimeo, Inc. (a) | 838,846 | 31,976,810 | |
Yelp, Inc. (a) | 378,680 | 14,582,967 | |
Zedge, Inc. (a) | 55,140 | 862,390 | |
Zillow Group, Inc.: | |||
Class A (a) | 321,953 | 30,778,707 | |
Class C (a)(b) | 745,282 | 71,375,657 | |
Zoominfo Technologies, Inc. (a) | 985,089 | 64,217,952 | |
1,122,441,675 | |||
Media - 1.7% | |||
Advantage Solutions, Inc. Class A (a)(b) | 592,526 | 5,160,901 | |
Altice U.S.A., Inc. Class A (a) | 1,243,461 | 34,120,570 | |
AMC Networks, Inc. Class A (a)(b) | 164,481 | 7,817,782 | |
Audacy, Inc. Class A (a) | 571,458 | 2,028,676 | |
Beasley Broadcast Group, Inc. Class A (a) | 105,521 | 266,968 | |
Boston Omaha Corp. (a)(b) | 98,228 | 3,511,651 | |
Cable One, Inc. | 29,240 | 61,392,012 | |
Cardlytics, Inc. (a)(b) | 177,835 | 16,143,861 | |
Cbdmd, Inc. (a)(b) | 210,657 | 452,913 | |
Clear Channel Outdoor Holdings, Inc. (a) | 2,541,496 | 6,684,134 | |
comScore, Inc. (a)(b) | 395,656 | 1,535,145 | |
Creative Realities, Inc. (a)(b) | 155,428 | 223,816 | |
Cumulus Media, Inc. (a) | 107,880 | 1,274,063 | |
Daily Journal Corp. (a) | 4,568 | 1,553,120 | |
DallasNews Corp. | 24,568 | 171,976 | |
Digital Media Solutions, Inc. Class A (a)(b) | 85,529 | 669,692 | |
E.W. Scripps Co. Class A | 302,618 | 5,610,538 | |
Emerald Holding, Inc. (a) | 168,443 | 838,846 | |
Entravision Communication Corp. Class A | 291,837 | 2,034,104 | |
Fluent, Inc. (a)(b) | 354,171 | 963,345 | |
Gannett Co., Inc. (a)(b) | 712,246 | 4,522,762 | |
Gray Television, Inc. | 477,414 | 10,856,394 | |
Hemisphere Media Group, Inc. (a) | 98,669 | 1,215,602 | |
iHeartMedia, Inc. (a) | 601,814 | 14,973,132 | |
Insignia Systems, Inc. (a)(b) | 30,844 | 247,060 | |
John Wiley & Sons, Inc. Class A (b) | 239,240 | 13,899,844 | |
Lee Enterprises, Inc. (a) | 38,397 | 923,832 | |
Liberty Broadband Corp.: | |||
Class A (a) | 20,228 | 3,757,756 | |
Class C (a) | 968,338 | 185,262,426 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 69,216 | 1,799,616 | |
Liberty Braves Class C (a) | 196,239 | 5,072,778 | |
Liberty Formula One Group Series C (a) | 1,189,873 | 60,136,181 | |
Liberty Media Class A (a) | 29,730 | 1,358,364 | |
Liberty SiriusXM Series A (a) | 407,298 | 20,161,251 | |
Liberty SiriusXM Series C (a) | 948,705 | 46,818,592 | |
Loral Space & Communications Ltd. | 63,646 | 2,673,768 | |
Magnite, Inc. (a)(b) | 698,704 | 20,276,390 | |
Marchex, Inc. Class B (a) | 166,532 | 549,556 | |
Mediaco Holding, Inc. (a)(b) | 10,910 | 92,626 | |
Meredith Corp. (a) | 217,209 | 9,342,159 | |
National CineMedia, Inc. | 299,105 | 765,709 | |
Nexstar Broadcasting Group, Inc. Class A | 229,008 | 34,293,948 | |
Saga Communications, Inc. Class A | 26,056 | 607,886 | |
Salem Communications Corp. Class A (a) | 85,276 | 249,006 | |
Scholastic Corp. | 161,159 | 5,356,925 | |
Sinclair Broadcast Group, Inc. Class A | 263,561 | 7,909,466 | |
Sirius XM Holdings, Inc. (b) | 6,186,691 | 38,790,553 | |
SPAR Group, Inc. (a) | 79,437 | 127,099 | |
Stagwell, Inc. (a) | 361,188 | 2,521,092 | |
TechTarget, Inc. (a)(b) | 130,307 | 11,021,366 | |
Tegna, Inc. | 1,188,436 | 21,059,086 | |
The New York Times Co. Class A | 778,667 | 39,540,710 | |
Thryv Holdings, Inc. (a)(b) | 37,350 | 1,157,477 | |
Townsquare Media, Inc. (a) | 69,601 | 895,069 | |
Troika Media Group, Inc. (a)(b) | 35,394 | 60,524 | |
Urban One, Inc.: | |||
Class A (a)(b) | 22,279 | 176,672 | |
Class D (non-vtg.) (a) | 128,357 | 893,365 | |
WideOpenWest, Inc. (a) | 291,010 | 6,175,232 | |
Xcel Brands, Inc. (a)(b) | 41,881 | 77,061 | |
728,072,448 | |||
Wireless Telecommunication Services - 0.1% | |||
Gogo, Inc. (a) | 269,775 | 3,628,474 | |
NII Holdings, Inc. (a)(c) | 489,197 | 1,061,557 | |
Shenandoah Telecommunications Co. | 270,577 | 8,071,312 | |
Spok Holdings, Inc. | 105,467 | 1,045,178 | |
Telephone & Data Systems, Inc. | 530,134 | 10,772,323 | |
U.S. Cellular Corp. (a) | 86,541 | 2,764,985 | |
27,343,829 | |||
TOTAL COMMUNICATION SERVICES | 2,583,643,695 | ||
CONSUMER DISCRETIONARY - 11.7% | |||
Auto Components - 0.9% | |||
Adient PLC (a)(b) | 509,687 | 20,051,087 | |
American Axle & Manufacturing Holdings, Inc. (a) | 608,843 | 5,400,437 | |
Autoliv, Inc. | 425,413 | 37,602,255 | |
Cooper-Standard Holding, Inc. (a) | 95,350 | 2,219,748 | |
Dana, Inc. | 781,676 | 18,181,784 | |
Dorman Products, Inc. (a) | 154,940 | 14,542,668 | |
Fox Factory Holding Corp. (a) | 228,458 | 35,107,141 | |
Garrett Motion, Inc. (a)(b) | 148,110 | 1,033,808 | |
Gentex Corp. | 1,310,291 | 40,356,963 | |
Gentherm, Inc. (a) | 180,575 | 15,496,947 | |
Horizon Global Corp. (a) | 113,949 | 883,105 | |
LCI Industries | 136,171 | 19,289,984 | |
Lear Corp. | 295,785 | 47,307,853 | |
Luminar Technologies, Inc. (a)(b) | 1,077,182 | 18,721,423 | |
Modine Manufacturing Co. (a) | 276,564 | 3,440,456 | |
Motorcar Parts of America, Inc. (a) | 104,647 | 2,074,104 | |
Patrick Industries, Inc. | 123,392 | 10,070,021 | |
QuantumScape Corp. Class A (a)(b) | 926,108 | 20,374,376 | |
Standard Motor Products, Inc. | 110,962 | 4,759,160 | |
Stoneridge, Inc. (a) | 151,575 | 3,531,698 | |
Strattec Security Corp. (a) | 19,738 | 736,227 | |
Superior Industries International, Inc. (a) | 136,185 | 1,005,045 | |
Sypris Solutions, Inc. (a)(b) | 64,873 | 247,166 | |
Tenneco, Inc. (a) | 361,843 | 5,644,751 | |
The Goodyear Tire & Rubber Co. (a) | 1,497,173 | 23,715,220 | |
Unique Fabricating, Inc. (a)(b) | 27,270 | 73,629 | |
Veoneer, Inc. (a)(b) | 507,695 | 18,175,481 | |
Visteon Corp. (a) | 152,012 | 16,064,628 | |
XL Fleet Corp. (Class A) (a)(b) | 523,434 | 3,559,351 | |
XPEL, Inc. (a)(b) | 90,247 | 6,856,967 | |
396,523,483 | |||
Automobiles - 0.3% | |||
Arcimoto, Inc. (a)(b) | 147,046 | 1,826,311 | |
AYRO, Inc. (a)(b) | 121,210 | 500,597 | |
Canoo, Inc. (a)(b) | 761,702 | 5,491,871 | |
Fisker, Inc. (a)(b) | 888,973 | 12,401,173 | |
Harley-Davidson, Inc. | 827,568 | 32,713,763 | |
Lordstown Motors Corp. Class A (a)(b) | 561,234 | 3,692,920 | |
Thor Industries, Inc. | 299,543 | 33,977,162 | |
Winnebago Industries, Inc. | 180,827 | 12,589,176 | |
Workhorse Group, Inc. (a)(b) | 595,293 | 5,839,824 | |
109,032,797 | |||
Distributors - 0.0% | |||
Core-Mark Holding Co., Inc. | 242,184 | 11,140,464 | |
Educational Development Corp. | 33,848 | 327,649 | |
Funko, Inc. (a)(b) | 121,207 | 2,416,868 | |
Weyco Group, Inc. | 40,996 | 941,678 | |
14,826,659 | |||
Diversified Consumer Services - 0.9% | |||
2U, Inc. (a)(b) | 404,763 | 14,988,374 | |
Adtalem Global Education, Inc. (a) | 267,481 | 9,896,797 | |
American Public Education, Inc. (a) | 98,903 | 2,601,149 | |
Amesite, Inc. (b) | 12,972 | 26,074 | |
Aspen Group, Inc. (a)(b) | 112,035 | 644,201 | |
Bright Horizons Family Solutions, Inc. (a) | 329,137 | 47,975,009 | |
Carriage Services, Inc. | 89,483 | 4,136,799 | |
Chegg, Inc. (a) | 769,727 | 64,056,681 | |
Coursera, Inc. | 91,192 | 3,508,156 | |
Frontdoor, Inc. (a) | 464,993 | 20,282,995 | |
Graham Holdings Co. | 21,738 | 13,408,216 | |
Grand Canyon Education, Inc. (a) | 251,720 | 22,438,321 | |
H&R Block, Inc. | 988,373 | 25,351,767 | |
Houghton Mifflin Harcourt Co. (a)(b) | 693,829 | 9,345,877 | |
Laureate Education, Inc. Class A (a) | 572,571 | 9,121,056 | |
Lincoln Educational Services Corp. (a) | 124,014 | 794,930 | |
OneSpaWorld Holdings Ltd. (a)(b) | 296,990 | 3,118,395 | |
Perdoceo Education Corp. (a) | 377,990 | 4,150,330 | |
Regis Corp. (a)(b) | 125,533 | 680,389 | |
Select Interior Concepts, Inc. (a) | 112,327 | 1,601,783 | |
Service Corp. International | 911,972 | 57,235,363 | |
StoneMor, Inc. (a)(b) | 628,779 | 1,823,459 | |
Strategic Education, Inc. | 134,801 | 10,552,222 | |
Stride, Inc. (a) | 225,947 | 7,736,425 | |
Terminix Global Holdings, Inc. (a) | 694,085 | 28,894,759 | |
Universal Technical Institute, Inc. (a) | 169,823 | 1,183,666 | |
Vivint Smart Home, Inc. Class A (a)(b) | 247,304 | 3,017,109 | |
WW International, Inc. (a) | 258,520 | 5,596,958 | |
Xpresspa Group, Inc. (a)(b) | 545,001 | 1,019,152 | |
Zovio, Inc. (a) | 150,854 | 389,203 | |
375,575,615 | |||
Hotels, Restaurants & Leisure - 2.3% | |||
Accel Entertainment, Inc. (a) | 309,175 | 3,561,696 | |
Airbnb, Inc. Class A | 793,959 | 123,055,705 | |
Allied Esports Entertainment, Inc. (a)(b) | 92,963 | 186,856 | |
ARAMARK Holdings Corp. | 1,375,686 | 47,860,116 | |
Ark Restaurants Corp. (a)(b) | 10,557 | 169,440 | |
Bally's Corp. (a) | 161,300 | 8,103,712 | |
BBQ Holdings, Inc. (a) | 49,620 | 663,916 | |
Biglari Holdings, Inc. (a) | 449 | 397,230 | |
Biglari Holdings, Inc. (a) | 4,931 | 862,185 | |
BJ's Restaurants, Inc. (a) | 122,900 | 5,255,204 | |
Bloomin' Brands, Inc. (a)(b) | 433,670 | 11,618,019 | |
Bluegreen Vacations Holding Corp. Class A (a) | 85,816 | 1,964,328 | |
Boyd Gaming Corp. (a) | 439,828 | 26,992,244 | |
Brinker International, Inc. (a) | 246,331 | 13,122,052 | |
BurgerFi International, Inc. (a)(b) | 61,401 | 631,202 | |
Canterbury Park Holding Co. (a) | 400 | 6,360 | |
Carrols Restaurant Group, Inc. | 208,057 | 863,437 | |
Century Casinos, Inc. (a) | 154,589 | 2,066,855 | |
Choice Hotels International, Inc. | 158,933 | 18,970,243 | |
Churchill Downs, Inc. | 188,466 | 39,672,093 | |
Chuy's Holdings, Inc. (a)(b) | 107,712 | 3,474,789 | |
Cracker Barrel Old Country Store, Inc. (b) | 126,484 | 18,160,573 | |
Dave & Buster's Entertainment, Inc. (a)(b) | 262,474 | 9,821,777 | |
Del Taco Restaurants, Inc. | 174,172 | 1,532,714 | |
Denny's Corp. (a) | 348,653 | 5,766,721 | |
Dine Brands Global, Inc. (a)(b) | 92,559 | 7,656,480 | |
Dover Motorsports, Inc. | 22,265 | 58,557 | |
DraftKings, Inc. Class A (a)(b) | 1,757,253 | 104,187,530 | |
Drive Shack, Inc. (a) | 402,279 | 1,098,222 | |
El Pollo Loco Holdings, Inc. (a) | 107,654 | 1,952,844 | |
Esports Entertainment Group, Inc. (a)(b) | 74,650 | 666,625 | |
Esports Technologies, Inc. (a)(b) | 11,221 | 364,570 | |
Everi Holdings, Inc. (a) | 481,747 | 10,959,744 | |
FAT Brands, Inc.: | |||
Class A | 8,254 | 99,708 | |
Class B | 825 | 9,818 | |
Fiesta Restaurant Group, Inc. (a) | 95,356 | 1,145,226 | |
Flanigans Enterprises, Inc. (a) | 5,340 | 132,966 | |
Full House Resorts, Inc. (a) | 172,177 | 1,477,279 | |
GAN Ltd. (a)(b) | 79,665 | 1,362,272 | |
Golden Entertainment, Inc. (a) | 104,776 | 4,999,911 | |
Golden Nugget Online Gaming, Inc. (a) | 231,116 | 4,992,106 | |
Good Times Restaurants, Inc. (a) | 48,690 | 261,465 | |
Hall of Fame Resort & Entertainment Co. (a)(b) | 305,882 | 1,027,764 | |
Hilton Grand Vacations, Inc. (a) | 465,711 | 20,346,914 | |
Hyatt Hotels Corp. Class A (a) | 202,572 | 14,907,273 | |
Inspired Entertainment, Inc. (a)(b) | 80,124 | 1,019,979 | |
J. Alexanders Holdings, Inc. (a) | 68,394 | 952,044 | |
Jack in the Box, Inc. (b) | 119,347 | 12,646,008 | |
Kura Sushi U.S.A., Inc. Class A (a)(b) | 20,499 | 1,041,554 | |
Lindblad Expeditions Holdings (a) | 175,007 | 2,574,353 | |
Luby's, Inc. (a)(b) | 53,936 | 220,059 | |
Marriott Vacations Worldwide Corp. (a) | 231,772 | 34,661,503 | |
Monarch Casino & Resort, Inc. (a) | 73,088 | 4,631,587 | |
Muscle Maker, Inc. (a)(b) | 61,384 | 71,819 | |
Nathan's Famous, Inc. (b) | 15,785 | 1,042,284 | |
Nextplay Technologies, Inc. (a)(b) | 88,890 | 177,780 | |
Noodles & Co. (a) | 177,974 | 2,240,693 | |
Papa John's International, Inc. (b) | 178,333 | 22,742,807 | |
Planet Fitness, Inc. (a) | 450,492 | 36,625,000 | |
Playa Hotels & Resorts NV (a) | 513,892 | 3,756,551 | |
PlayAGS, Inc. (a) | 222,330 | 1,820,883 | |
Potbelly Corp. (a) | 129,702 | 896,241 | |
Rave Restaurant Group, Inc. (a)(b) | 99,619 | 126,516 | |
RCI Hospitality Holdings, Inc. | 44,929 | 2,902,863 | |
Red Robin Gourmet Burgers, Inc. (a)(b) | 82,852 | 2,028,217 | |
Red Rock Resorts, Inc. (a)(b) | 356,354 | 16,680,931 | |
Rush Street Interactive, Inc. (a) | 321,241 | 4,780,066 | |
Ruth's Hospitality Group, Inc. (a) | 171,994 | 3,524,157 | |
Scientific Games Corp. Class A (a) | 307,079 | 22,217,166 | |
SeaWorld Entertainment, Inc. (a) | 277,492 | 13,649,831 | |
Shake Shack, Inc. Class A (a) | 196,544 | 17,050,192 | |
Six Flags Entertainment Corp. (a) | 410,334 | 17,332,508 | |
Target Hospitality Corp. (a) | 161,509 | 642,806 | |
Texas Roadhouse, Inc. Class A | 357,108 | 33,925,260 | |
The Cheesecake Factory, Inc. (a) | 249,178 | 11,624,154 | |
The ONE Group Hospitality, Inc. (a)(b) | 115,862 | 1,291,861 | |
Travel+Leisure Co. | 465,098 | 25,468,766 | |
Vail Resorts, Inc. (a) | 218,071 | 66,478,944 | |
Wendy's Co. | 950,727 | 21,885,736 | |
Wingstop, Inc. | 161,130 | 27,703,081 | |
Wyndham Hotels & Resorts, Inc. | 507,634 | 36,904,992 | |
975,825,933 | |||
Household Durables - 1.0% | |||
Aterian, Inc. (a)(b) | 83,569 | 498,071 | |
Bassett Furniture Industries, Inc. (b) | 47,903 | 1,029,435 | |
Beazer Homes U.S.A., Inc. (a) | 164,611 | 3,079,872 | |
Casper Sleep, Inc. (a)(b) | 133,556 | 665,109 | |
Cavco Industries, Inc.(a) | 46,157 | 11,793,114 | |
Century Communities, Inc. | 158,988 | 11,145,059 | |
Comstock Holding Companies, Inc. (a)(b) | 13,924 | 83,405 | |
Cricut, Inc. (a)(b) | 89,479 | 2,496,464 | |
Dixie Group, Inc. (a)(b) | 61,424 | 251,838 | |
Dream Finders Homes, Inc. (b) | 54,346 | 1,130,397 | |
Emerson Radio Corp. (a) | 23,944 | 28,493 | |
Ethan Allen Interiors, Inc. | 123,029 | 2,955,157 | |
Flexsteel Industries, Inc. | 35,097 | 1,225,587 | |
GoPro, Inc. Class A (a)(b) | 684,146 | 6,820,936 | |
Green Brick Partners, Inc. (a) | 263,070 | 6,574,119 | |
Hamilton Beach Brands Holding Co. Class A | 39,000 | 663,000 | |
Harbor Custom Development, Inc. (a)(b) | 66,630 | 187,897 | |
Helen of Troy Ltd. (a) | 132,528 | 31,699,372 | |
Hooker Furniture Corp. | 60,794 | 1,894,341 | |
Hovnanian Enterprises, Inc. Class A (a) | 24,243 | 2,635,457 | |
Installed Building Products, Inc. | 122,488 | 15,210,560 | |
iRobot Corp. (a)(b) | 154,586 | 12,540,016 | |
KB Home | 475,366 | 20,454,999 | |
Koss Corp. (a)(b) | 23,939 | 439,281 | |
La-Z-Boy, Inc. | 247,162 | 8,653,142 | |
Landsea Homes Corp. (a) | 73,464 | 645,749 | |
Legacy Housing Corp. (a) | 47,251 | 926,120 | |
LGI Homes, Inc. (a) | 120,363 | 19,297,800 | |
Lifetime Brands, Inc. | 61,852 | 1,134,984 | |
Live Ventures, Inc. (a)(b) | 10,716 | 480,184 | |
Lovesac (a) | 59,324 | 3,355,365 | |
M.D.C. Holdings, Inc. | 303,172 | 15,840,737 | |
M/I Homes, Inc. (a) | 158,017 | 10,174,715 | |
Meritage Homes Corp. (a) | 204,467 | 22,806,249 | |
New Home Co., Inc. (a) | 59,315 | 532,056 | |
Nova LifeStyle, Inc. (a)(b) | 18,912 | 44,821 | |
Purple Innovation, Inc. (a) | 330,509 | 8,064,420 | |
Skyline Champion Corp. (a) | 283,273 | 17,766,883 | |
Sonos, Inc. (a) | 536,840 | 21,328,653 | |
Taylor Morrison Home Corp. (a) | 699,162 | 19,639,461 | |
Tempur Sealy International, Inc. | 991,300 | 44,311,110 | |
Toll Brothers, Inc. | 604,556 | 38,727,857 | |
TopBuild Corp. (a) | 179,614 | 39,297,747 | |
TRI Pointe Homes, Inc. (a) | 636,488 | 15,129,320 | |
Tupperware Brands Corp. (a)(b) | 267,195 | 6,377,945 | |
Universal Electronics, Inc. (a) | 74,940 | 3,785,969 | |
Vizio Holding Corp. (a)(b) | 62,115 | 1,267,767 | |
VOXX International Corp. (a)(b) | 82,839 | 867,324 | |
Vuzix Corp. (a)(b) | 304,827 | 4,032,861 | |
ZAGG, Inc. rights (a)(c) | 138,785 | 12,491 | |
440,003,709 | |||
Internet & Direct Marketing Retail - 0.8% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 139,514 | 4,430,965 | |
1847 Goedeker, Inc. (b) | 515,456 | 1,536,059 | |
Blue Apron Holdings, Inc. Class A (a)(b) | 89,331 | 371,617 | |
CarParts.com, Inc. (a)(b) | 190,882 | 3,296,532 | |
Chewy, Inc. (a)(b) | 452,348 | 39,860,906 | |
ContextLogic, Inc. (b) | 394,724 | 2,845,960 | |
Digital Brands Group, Inc. (b) | 5,177 | 16,100 | |
Doordash, Inc. | 191,583 | 36,668,986 | |
Duluth Holdings, Inc. (a) | 66,590 | 1,036,140 | |
Groupon, Inc. (a)(b) | 122,022 | 3,022,485 | |
iMedia Brands, Inc. (a) | 74,238 | 442,458 | |
iPower, Inc. (b) | 15,923 | 82,003 | |
Lands' End, Inc. (a)(b) | 88,754 | 3,004,323 | |
Liquidity Services, Inc. (a) | 146,266 | 3,568,890 | |
Overstock.com, Inc. (a)(b) | 232,617 | 16,783,317 | |
PARTS iD, Inc. (a)(b) | 15,164 | 96,443 | |
PetMed Express, Inc. (b) | 101,544 | 2,796,522 | |
Porch Group, Inc. Class A (a)(b) | 404,528 | 8,090,560 | |
Poshmark, Inc. (b) | 76,834 | 2,242,016 | |
PubMatic, Inc. (b) | 51,517 | 1,501,721 | |
Quotient Technology, Inc. (a) | 435,701 | 3,163,189 | |
Qurate Retail, Inc. Series A | 2,052,319 | 22,637,079 | |
Remark Holdings, Inc. (a)(b) | 537,264 | 709,188 | |
Revolve Group, Inc. (a) | 194,426 | 11,171,718 | |
RumbleON, Inc. Class B (a) | 15,533 | 535,112 | |
Shutterstock, Inc. | 121,246 | 13,974,814 | |
Stamps.com, Inc. (a) | 99,093 | 32,591,688 | |
Stitch Fix, Inc. (a) | 345,435 | 14,477,181 | |
The RealReal, Inc. (a) | 323,064 | 4,018,916 | |
thredUP, Inc. (a) | 84,932 | 1,628,146 | |
Trxade Health, Inc. (a)(b) | 24,734 | 133,069 | |
Waitr Holdings, Inc. (a) | 538,451 | 705,371 | |
Wayfair LLC Class A (a)(b) | 399,139 | 112,058,274 | |
349,497,748 | |||
Leisure Products - 0.9% | |||
Acushnet Holdings Corp. | 190,029 | 9,493,849 | |
American Outdoor Brands, Inc. (a) | 79,830 | 2,221,669 | |
AMMO, Inc. | 412,233 | 3,029,913 | |
Brunswick Corp. | 422,368 | 40,914,788 | |
Callaway Golf Co. (a) | 629,877 | 17,674,349 | |
Clarus Corp. | 131,525 | 3,563,012 | |
Escalade, Inc. | 51,079 | 1,179,925 | |
Genius Brands International, Inc. (a)(b) | 1,567,205 | 2,617,232 | |
Hayward Holdings, Inc. (b) | 225,659 | 4,727,556 | |
JAKKS Pacific, Inc. (a) | 25,066 | 372,481 | |
Johnson Outdoors, Inc. Class A | 39,615 | 4,547,406 | |
Latham Group, Inc. (a)(b) | 108,615 | 2,386,272 | |
Malibu Boats, Inc. Class A (a) | 114,346 | 8,187,174 | |
Marine Products Corp. | 149,930 | 2,126,007 | |
MasterCraft Boat Holdings, Inc. (a) | 101,054 | 2,520,287 | |
Mattel, Inc. (a)(b) | 1,889,249 | 40,335,466 | |
Nautilus, Inc. (a)(b) | 163,554 | 1,864,516 | |
Peloton Interactive, Inc. Class A (a) | 1,454,381 | 145,714,432 | |
Polaris, Inc. | 311,085 | 37,255,540 | |
Smith & Wesson Brands, Inc. | 288,305 | 6,956,800 | |
Sturm, Ruger & Co., Inc. | 93,614 | 7,319,679 | |
Vinco Ventures, Inc. (a)(b) | 143,352 | 1,168,319 | |
Vista Outdoor, Inc. (a) | 315,086 | 12,871,263 | |
YETI Holdings, Inc. (a) | 407,257 | 40,456,910 | |
399,504,845 | |||
Multiline Retail - 0.4% | |||
Big Lots, Inc. | 167,658 | 8,158,238 | |
Dillard's, Inc. Class A (b) | 38,423 | 7,318,045 | |
Franchise Group, Inc. | 150,433 | 5,224,538 | |
Kohl's Corp. | 845,196 | 48,514,250 | |
Macy's, Inc. | 1,682,169 | 37,663,764 | |
Nordstrom, Inc. (a)(b) | 591,318 | 16,917,608 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 307,782 | 22,277,261 | |
146,073,704 | |||
Specialty Retail - 2.8% | |||
Abercrombie & Fitch Co. Class A (a) | 339,660 | 12,146,242 | |
Academy Sports & Outdoors, Inc. | 214,147 | 9,480,288 | |
America's Car Mart, Inc. (a) | 33,418 | 4,321,950 | |
American Eagle Outfitters, Inc. (b) | 820,235 | 25,033,572 | |
Arko Corp. (a)(b) | 354,450 | 3,665,013 | |
Asbury Automotive Group, Inc. (a) | 103,468 | 19,269,880 | |
AutoNation, Inc. (a)(b) | 291,492 | 31,798,862 | |
Barnes & Noble Education, Inc. (a) | 167,304 | 1,365,201 | |
Bed Bath & Beyond, Inc. (a)(b) | 575,718 | 15,855,274 | |
Big 5 Sporting Goods Corp. (b) | 111,534 | 3,100,645 | |
Blink Charging Co. (a)(b) | 167,874 | 5,444,154 | |
Boot Barn Holdings, Inc. (a) | 158,731 | 14,171,504 | |
Build-A-Bear Workshop, Inc. (a) | 69,222 | 1,290,298 | |
Burlington Stores, Inc. (a) | 360,403 | 107,937,094 | |
Caleres, Inc. | 208,685 | 5,131,564 | |
Camping World Holdings, Inc. (b) | 213,148 | 8,513,131 | |
CarLotz, Inc. Class A (a)(b) | 358,697 | 1,474,245 | |
Carvana Co. Class A (a)(b) | 350,705 | 115,052,282 | |
Chico's FAS, Inc. (a) | 653,116 | 3,376,610 | |
Citi Trends, Inc. (a) | 52,274 | 4,502,882 | |
Conn's, Inc. (a)(b) | 106,726 | 2,625,460 | |
Designer Brands, Inc. Class A (a)(b) | 321,980 | 4,668,710 | |
Dick's Sporting Goods, Inc. | 353,960 | 49,841,108 | |
Envela Corp. (a)(b) | 20,855 | 88,217 | |
Express, Inc. (a) | 356,494 | 2,114,009 | |
Five Below, Inc. (a) | 303,443 | 64,575,705 | |
Floor & Decor Holdings, Inc. Class A (a) | 569,208 | 70,183,346 | |
Foot Locker, Inc. | 556,970 | 31,574,629 | |
GameStop Corp. Class A (a)(b) | 300,524 | 65,586,358 | |
Genesco, Inc. (a) | 77,682 | 4,818,614 | |
Group 1 Automotive, Inc. | 92,292 | 15,268,788 | |
GrowGeneration Corp. (a)(b) | 279,185 | 8,931,128 | |
Guess?, Inc. | 210,952 | 5,102,929 | |
Haverty Furniture Companies, Inc. (b) | 92,748 | 3,304,611 | |
Hibbett, Inc. (b) | 87,816 | 8,403,113 | |
J.Jill, Inc. (a)(b) | 19,826 | 392,357 | |
JOANN, Inc. | 63,766 | 874,232 | |
Kirkland's, Inc. (a)(b) | 70,503 | 1,348,017 | |
Lazydays Holdings, Inc. (a)(b) | 43,367 | 1,065,527 | |
Leslie's, Inc. (b) | 505,946 | 12,203,418 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 161,293 | 53,436,371 | |
LMP Automotive Holdings, Inc. (a)(b) | 34,708 | 595,242 | |
Lumber Liquidators Holdings, Inc. (a) | 161,363 | 3,366,032 | |
MarineMax, Inc. (a)(b) | 120,933 | 5,879,762 | |
Monro, Inc. (b) | 178,587 | 10,163,386 | |
Murphy U.S.A., Inc. | 135,834 | 21,092,304 | |
National Vision Holdings, Inc. (a)(b) | 442,182 | 26,522,076 | |
OneWater Marine, Inc. Class A (b) | 55,672 | 2,254,159 | |
Party City Holdco, Inc. (a) | 597,705 | 4,070,371 | |
Penske Automotive Group, Inc. (b) | 175,937 | 15,822,014 | |
Petco Health & Wellness Co., Inc. (b) | 392,644 | 8,453,625 | |
Rent-A-Center, Inc. | 322,974 | 20,373,200 | |
RH (a)(b) | 91,103 | 63,833,139 | |
Sally Beauty Holdings, Inc. (a) | 609,237 | 11,325,716 | |
Shift Technologies, Inc. Class A (a)(b) | 333,246 | 2,479,350 | |
Shoe Carnival, Inc. | 94,759 | 3,627,375 | |
Signet Jewelers Ltd. | 283,600 | 22,461,120 | |
Sleep Number Corp. (a)(b) | 133,339 | 12,335,191 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 129,119 | 6,525,674 | |
Sportsman's Warehouse Holdings, Inc. (a) | 242,222 | 4,297,018 | |
The Aaron's Co., Inc. | 186,163 | 4,937,043 | |
The Buckle, Inc. (b) | 154,341 | 5,977,627 | |
The Cato Corp. Class A (sub. vtg.) | 113,369 | 1,956,749 | |
The Children's Place Retail Stores, Inc. (a)(b) | 79,130 | 6,871,649 | |
The Container Store Group, Inc. (a)(b) | 105,866 | 1,228,046 | |
The ODP Corp. (a) | 284,798 | 13,433,922 | |
Tilly's, Inc. | 124,691 | 1,941,439 | |
TravelCenters of America LLC (a) | 78,789 | 3,306,774 | |
Urban Outfitters, Inc. (a) | 371,339 | 12,261,614 | |
Victoria's Secret & Co. (a) | 477,478 | 31,656,791 | |
Vroom, Inc. (a)(b) | 191,065 | 5,132,006 | |
Williams-Sonoma, Inc. | 412,034 | 76,926,748 | |
Winmark Corp. | 15,620 | 3,274,421 | |
Zumiez, Inc. (a)(b) | 116,569 | 4,684,908 | |
1,218,403,829 | |||
Textiles, Apparel & Luxury Goods - 1.4% | |||
Capri Holdings Ltd. (a) | 819,243 | 46,295,422 | |
Carter's, Inc. | 238,599 | 24,427,766 | |
Charles & Colvard Ltd. (a) | 139,526 | 399,044 | |
Columbia Sportswear Co. | 166,246 | 16,958,754 | |
Crocs, Inc. (a) | 353,589 | 50,499,581 | |
Crown Crafts, Inc. | 3,686 | 27,608 | |
Culp, Inc. | 48,725 | 641,708 | |
Deckers Outdoor Corp. (a) | 150,746 | 63,079,664 | |
Delta Apparel, Inc. (a) | 31,316 | 947,309 | |
Forward Industries, Inc. (NY Shares) (a)(b) | 23,976 | 62,338 | |
Fossil Group, Inc. (a) | 252,599 | 3,384,827 | |
G-III Apparel Group Ltd. (a)(b) | 231,549 | 7,161,811 | |
Kontoor Brands, Inc. | 253,723 | 13,690,893 | |
Lakeland Industries, Inc. (a)(b) | 43,248 | 1,032,330 | |
Levi Strauss & Co. Class A | 448,839 | 11,764,070 | |
lululemon athletica, Inc. (a) | 641,483 | 256,702,252 | |
Movado Group, Inc. | 90,808 | 3,281,801 | |
Oxford Industries, Inc. | 91,066 | 8,223,260 | |
PLBY Group, Inc. (a)(b) | 109,621 | 2,724,082 | |
Rocky Brands, Inc. | 36,338 | 1,805,272 | |
Sequential Brands Group, Inc. (a)(b) | 6,363 | 32,642 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 725,136 | 36,568,608 | |
Steven Madden Ltd. | 413,495 | 16,734,143 | |
Superior Group of Companies, Inc. (b) | 50,722 | 1,209,212 | |
Toughbuilt Industries, Inc. (a)(b) | 674,244 | 375,621 | |
Unifi, Inc. (a) | 79,958 | 1,858,224 | |
Vera Bradley, Inc. (a)(b) | 123,491 | 1,415,207 | |
Vince Holding Corp. (a) | 16,911 | 114,487 | |
Wolverine World Wide, Inc. (b) | 444,952 | 15,955,979 | |
587,373,915 | |||
TOTAL CONSUMER DISCRETIONARY | 5,012,642,237 | ||
CONSUMER STAPLES - 2.6% | |||
Beverages - 0.4% | |||
Alkaline Water Co., Inc. (a)(b) | 515,551 | 964,080 | |
Boston Beer Co., Inc. Class A (a) | 50,076 | 28,553,836 | |
Celsius Holdings, Inc. (a) | 178,506 | 14,594,651 | |
Coca-Cola Bottling Co. Consolidated | 24,976 | 10,144,252 | |
Duckhorn Portfolio, Inc. (a)(b) | 109,898 | 2,361,708 | |
Eastside Distilling, Inc. (a) | 65,471 | 193,794 | |
Keurig Dr. Pepper, Inc. | 3,141,836 | 112,069,290 | |
MGP Ingredients, Inc. (b) | 69,490 | 4,537,697 | |
National Beverage Corp. (b) | 129,535 | 6,029,854 | |
Newage, Inc. (a)(b) | 743,863 | 1,309,199 | |
REED'S, Inc. (a)(b) | 415,946 | 278,060 | |
Willamette Valley Vineyards, Inc. (a) | 13,809 | 174,270 | |
181,210,691 | |||
Food & Staples Retailing - 0.6% | |||
Albertsons Companies, Inc. (b) | 249,482 | 7,574,274 | |
Andersons, Inc. | 168,584 | 5,121,582 | |
BJ's Wholesale Club Holdings, Inc. (a) | 738,818 | 41,861,428 | |
Casey's General Stores, Inc. | 200,560 | 41,026,554 | |
Chefs' Warehouse Holdings (a) | 173,622 | 5,248,593 | |
Grocery Outlet Holding Corp. (a)(b) | 473,777 | 12,332,415 | |
HF Foods Group, Inc. (a)(b) | 178,475 | 1,049,433 | |
iFresh, Inc. (a) | 80,491 | 94,174 | |
Ingles Markets, Inc. Class A | 79,015 | 5,364,328 | |
MedAvail Holdings, Inc. (a)(b) | 5,825 | 19,456 | |
Natural Grocers by Vitamin Cottage, Inc. | 68,929 | 833,352 | |
Performance Food Group Co. (a) | 724,859 | 36,402,419 | |
PriceSmart, Inc. | 125,603 | 10,627,270 | |
Rite Aid Corp. (a)(b) | 293,752 | 5,211,160 | |
SpartanNash Co. | 206,910 | 4,448,565 | |
Sprouts Farmers Market LLC (a) | 622,196 | 15,492,680 | |
U.S. Foods Holding Corp. (a) | 1,198,417 | 40,746,178 | |
United Natural Foods, Inc. (a)(b) | 308,575 | 11,355,560 | |
Village Super Market, Inc. Class A (b) | 45,029 | 1,008,199 | |
Weis Markets, Inc. (b) | 93,996 | 5,353,072 | |
251,170,692 | |||
Food Products - 1.1% | |||
Alico, Inc. | 24,333 | 908,351 | |
AppHarvest, Inc. (a)(b) | 341,909 | 2,872,036 | |
Arcadia Biosciences, Inc. (a)(b) | 124,364 | 300,961 | |
B&G Foods, Inc. Class A (b) | 338,373 | 10,273,004 | |
Beyond Meat, Inc. (a)(b) | 268,391 | 32,110,299 | |
Bridgford Foods Corp. (a) | 700 | 9,065 | |
Bunge Ltd. | 763,291 | 57,788,762 | |
Cal-Maine Foods, Inc. (a)(b) | 198,816 | 7,189,187 | |
Calavo Growers, Inc. | 86,889 | 4,076,832 | |
Coffee Holding Co., Inc. (a)(b) | 29,362 | 145,929 | |
Darling Ingredients, Inc. (a) | 883,912 | 65,851,444 | |
Farmer Brothers Co. (a) | 84,608 | 626,099 | |
Flowers Foods, Inc. | 1,058,418 | 25,539,626 | |
Fresh Del Monte Produce, Inc. | 161,604 | 5,313,540 | |
Freshpet, Inc. (a) | 235,345 | 30,157,108 | |
Hostess Brands, Inc. Class A (a)(b) | 703,423 | 11,226,631 | |
Ingredion, Inc. | 360,096 | 31,638,035 | |
J&J Snack Foods Corp. | 82,855 | 13,568,335 | |
John B. Sanfilippo & Son, Inc. | 48,555 | 4,126,689 | |
Laird Superfood, Inc. (b) | 15,351 | 305,945 | |
Lancaster Colony Corp. | 107,187 | 18,997,824 | |
Landec Corp. (a) | 138,357 | 1,498,406 | |
Lifeway Foods, Inc. (a)(b) | 26,937 | 148,154 | |
Limoneira Co. | 79,999 | 1,315,984 | |
Mission Produce, Inc. (b) | 48,425 | 1,004,335 | |
Pilgrim's Pride Corp. (a) | 262,334 | 7,303,379 | |
Post Holdings, Inc. (a) | 320,344 | 35,849,697 | |
RiceBran Technologies (a)(b) | 332,343 | 252,581 | |
Rocky Mountain Chocolate Factory, Inc. (a) | 6,207 | 49,222 | |
S&W Seed Co. (a) | 104,872 | 292,593 | |
Sanderson Farms, Inc. | 107,784 | 21,179,556 | |
Seaboard Corp. | 1,424 | 6,058,550 | |
Seneca Foods Corp. Class A (a) | 41,961 | 2,054,830 | |
Tattooed Chef, Inc. (a)(b) | 214,845 | 4,548,269 | |
The Hain Celestial Group, Inc. (a) | 444,261 | 16,619,804 | |
The Simply Good Foods Co. (a) | 460,342 | 16,397,382 | |
Tootsie Roll Industries, Inc. (b) | 91,486 | 2,895,532 | |
TreeHouse Foods, Inc. (a) | 300,014 | 11,241,525 | |
Utz Brands, Inc. Class A | 286,092 | 5,555,907 | |
Vital Farms, Inc. (a)(b) | 84,348 | 1,516,577 | |
Whole Earth Brands, Inc. Class A (a)(b) | 167,983 | 2,106,507 | |
460,914,492 | |||
Household Products - 0.2% | |||
Central Garden & Pet Co. (a) | 8,890 | 409,385 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 263,943 | 10,998,505 | |
Energizer Holdings, Inc. | 313,428 | 12,330,258 | |
Ocean Bio-Chem, Inc. (b) | 18,431 | 179,334 | |
Oil-Dri Corp. of America (b) | 25,274 | 901,776 | |
Reynolds Consumer Products, Inc. (b) | 300,463 | 8,497,094 | |
Spectrum Brands Holdings, Inc. | 206,990 | 16,157,639 | |
WD-40 Co. (b) | 73,388 | 17,585,966 | |
67,059,957 | |||
Personal Products - 0.3% | |||
BellRing Brands, Inc. Class A (a) | 210,955 | 7,123,950 | |
Coty, Inc. Class A (a) | 1,531,387 | 14,961,651 | |
Cyanotech Corp. (a)(b) | 23,119 | 73,056 | |
Edgewell Personal Care Co. | 293,170 | 12,401,091 | |
elf Beauty, Inc. (a)(b) | 207,049 | 6,408,167 | |
Guardion Health Sciences, Inc. (a)(b) | 98,920 | 122,661 | |
Herbalife Nutrition Ltd. (a) | 470,718 | 24,166,662 | |
Inter Parfums, Inc. | 96,722 | 7,016,214 | |
Jupiter Wellness, Inc. (a)(b) | 17,812 | 32,062 | |
Lifemd, Inc. (a)(b) | 114,441 | 901,795 | |
LifeVantage Corp. (a) | 66,738 | 518,554 | |
Mannatech, Inc. | 4,435 | 147,686 | |
MediFast, Inc. | 64,068 | 14,601,097 | |
Natural Alternatives International, Inc. (a) | 22,317 | 351,270 | |
Natural Health Trends Corp. (b) | 34,344 | 229,418 | |
Nature's Sunshine Products, Inc. | 92,972 | 1,591,681 | |
Nu Skin Enterprises, Inc. Class A | 274,013 | 13,870,538 | |
Revlon, Inc. (a)(b) | 36,264 | 413,772 | |
Summer Infant, Inc. (a)(b) | 7,813 | 69,614 | |
The Beauty Health Co. (a) | 439,075 | 11,288,618 | |
The Honest Co., Inc. (b) | 144,006 | 1,465,981 | |
United-Guardian, Inc. | 6,104 | 93,452 | |
USANA Health Sciences, Inc. (a) | 63,001 | 6,112,987 | |
Veru, Inc. (a)(b) | 342,717 | 3,057,036 | |
127,019,013 | |||
Tobacco - 0.0% | |||
22nd Century Group, Inc. (a)(b) | 877,653 | 3,133,221 | |
Turning Point Brands, Inc. | 65,299 | 3,249,278 | |
Universal Corp. (b) | 133,284 | 6,744,170 | |
Vector Group Ltd. | 696,810 | 10,466,086 | |
23,592,755 | |||
TOTAL CONSUMER STAPLES | 1,110,967,600 | ||
ENERGY - 2.2% | |||
Energy Equipment & Services - 0.4% | |||
Archrock, Inc. (b) | 719,807 | 5,528,118 | |
Aspen Aerogels, Inc. (a) | 152,283 | 6,662,381 | |
Bristow Group, Inc. (a) | 134,939 | 4,258,675 | |
Cactus, Inc. | 296,229 | 11,111,550 | |
Championx Corp. (a) | 1,018,013 | 23,750,243 | |
Core Laboratories NV (b) | 248,341 | 6,844,278 | |
Dawson Geophysical Co. (a) | 86,896 | 167,709 | |
DMC Global, Inc. (a) | 107,459 | 4,316,628 | |
Dril-Quip, Inc. (a) | 194,104 | 4,716,727 | |
ENGlobal Corp. (a)(b) | 111,337 | 239,375 | |
Enservco Corp. (a)(b) | 36,407 | 43,688 | |
Exterran Corp. (a)(b) | 165,389 | 656,594 | |
Forum Energy Technologies, Inc. (a) | 16,443 | 316,528 | |
Frank's International NV (a)(b) | 654,807 | 1,885,844 | |
FTS International, Inc. Class A (a) | 45,810 | 1,017,440 | |
Geospace Technologies Corp. (a) | 68,128 | 664,248 | |
Gulf Island Fabrication, Inc. (a) | 52,985 | 232,074 | |
Helix Energy Solutions Group, Inc. (a) | 832,493 | 3,130,174 | |
Helmerich & Payne, Inc. (b) | 580,920 | 15,638,366 | |
Independence Contract Drilling, Inc. (a)(b) | 31,424 | 98,357 | |
ION Geophysical Corp. (a)(b) | 120,351 | 155,253 | |
KLX Energy Services Holdings, Inc. (a) | 40,103 | 255,055 | |
Liberty Oilfield Services, Inc. Class A (a) | 484,832 | 4,954,983 | |
Mammoth Energy Services, Inc. (a)(b) | 181,840 | 634,622 | |
MIND Technology, Inc. (a) | 40,167 | 81,539 | |
Nabors Industries Ltd. (a) | 34,123 | 2,877,934 | |
Natural Gas Services Group, Inc. (a) | 53,584 | 517,086 | |
NCS Multistage Holdings, Inc. (a)(b) | 4,220 | 98,537 | |
Newpark Resources, Inc. (a) | 516,441 | 1,353,075 | |
Nextier Oilfield Solutions, Inc. (a) | 845,390 | 3,043,404 | |
Nine Energy Service, Inc. (a)(b) | 82,471 | 185,560 | |
Nuverra Environmental Solutions, Inc. (a) | 27,512 | 63,002 | |
Oceaneering International, Inc. (a) | 528,049 | 6,495,003 | |
Oil States International, Inc. (a) | 329,369 | 1,930,102 | |
Patterson-UTI Energy, Inc. | 1,014,371 | 7,871,519 | |
Profire Energy, Inc. (a) | 143,347 | 160,549 | |
ProPetro Holding Corp. (a) | 431,923 | 3,343,084 | |
Ranger Energy Services, Inc. Class A (a) | 20,663 | 151,460 | |
RPC, Inc. (a)(b) | 335,028 | 1,283,157 | |
SEACOR Marine Holdings, Inc. (a) | 94,930 | 407,250 | |
Select Energy Services, Inc. Class A (a) | 363,437 | 1,944,388 | |
Smart Sand, Inc. (a)(b) | 125,516 | 306,259 | |
Solaris Oilfield Infrastructure, Inc. Class A | 183,293 | 1,361,867 | |
Superior Drilling Products, Inc. (a)(b) | 61,142 | 48,235 | |
TechnipFMC PLC (a) | 2,255,172 | 14,951,790 | |
TETRA Technologies, Inc. (a) | 677,956 | 2,196,577 | |
Tidewater, Inc. (a) | 236,812 | 2,723,338 | |
Transocean Ltd. (United States) (a)(b) | 3,093,060 | 11,011,294 | |
U.S. Silica Holdings, Inc. (a) | 388,970 | 3,415,157 | |
U.S. Well Services, Inc. (a)(b) | 256,032 | 209,639 | |
165,309,715 | |||
Oil, Gas & Consumable Fuels - 1.8% | |||
Adams Resources & Energy, Inc. | 11,814 | 356,901 | |
Aemetis, Inc. (a)(b) | 140,063 | 1,557,501 | |
Alto Ingredients, Inc. (a)(b) | 367,716 | 1,871,674 | |
Altus Midstream Co. | 16,723 | 1,090,005 | |
American Resources Corp. (a)(b) | 201,222 | 450,737 | |
Amplify Energy Corp. (a) | 204,895 | 749,916 | |
Antero Midstream GP LP | 1,546,699 | 14,863,777 | |
Antero Resources Corp. (a)(b) | 1,498,758 | 20,562,960 | |
Arch Resources, Inc. (a)(b) | 80,622 | 6,102,279 | |
Barnwell Industries, Inc. (a)(b) | 95,800 | 235,668 | |
Battalion Oil Corp. (a) | 38,106 | 404,686 | |
Berry Corp. | 406,161 | 2,436,966 | |
Bonanza Creek Energy, Inc. | 102,108 | 3,969,959 | |
Brigham Minerals, Inc. Class A | 219,076 | 4,188,733 | |
Callon Petroleum Co. (a)(b) | 247,100 | 8,443,407 | |
Camber Energy, Inc. (a)(b) | 259,001 | 130,019 | |
Centennial Resource Development, Inc. Class A (a)(b) | 982,914 | 5,012,861 | |
Centrus Energy Corp. Class A (a)(b) | 56,275 | 1,626,910 | |
Cheniere Energy, Inc. | 1,250,628 | 109,379,925 | |
Cimarex Energy Co. | 555,496 | 35,673,953 | |
Clean Energy Fuels Corp. (a)(b) | 634,035 | 5,027,898 | |
CNX Resources Corp. (a) | 1,181,527 | 13,422,147 | |
Comstock Resources, Inc. (a)(b) | 291,119 | 1,720,513 | |
CONSOL Energy, Inc. (a) | 169,728 | 3,874,890 | |
Contango Oil & Gas Co. (a)(b) | 768,198 | 2,788,559 | |
Continental Resources, Inc. (b) | 337,635 | 13,262,303 | |
CVR Energy, Inc. | 141,135 | 2,032,344 | |
Delek U.S. Holdings, Inc. | 384,337 | 6,576,006 | |
Denbury, Inc. (a) | 269,567 | 18,958,647 | |
Dorian LPG Ltd. | 171,003 | 2,260,660 | |
DT Midstream, Inc. | 523,847 | 24,343,170 | |
Earthstone Energy, Inc. (a) | 149,259 | 1,234,372 | |
EQT Corp. (a) | 1,497,942 | 27,457,277 | |
Equitrans Midstream Corp. | 2,114,928 | 18,463,321 | |
Evolution Petroleum Corp. | 186,989 | 779,744 | |
Falcon Minerals Corp. | 226,780 | 1,006,903 | |
Gevo, Inc. (a)(b) | 1,014,684 | 6,321,481 | |
Goodrich Petroleum Corp. (a) | 67,116 | 1,090,635 | |
Green Plains, Inc. (a)(b) | 251,716 | 8,835,232 | |
Hallador Energy Co. (a) | 127,791 | 301,587 | |
HollyFrontier Corp. | 800,881 | 25,892,483 | |
Houston American Energy Corp. (a)(b) | 123,193 | 224,211 | |
International Seaways, Inc. | 229,023 | 3,939,196 | |
Kosmos Energy Ltd. (a)(b) | 2,176,574 | 5,136,715 | |
Laredo Petroleum, Inc. (a)(b) | 51,352 | 2,774,549 | |
Lightbridge Corp. (a)(b) | 32,627 | 204,898 | |
Magnolia Oil & Gas Corp. Class A | 810,214 | 12,704,156 | |
Matador Resources Co. | 594,633 | 17,095,699 | |
Meta Materials, Inc. (a)(b) | 339,129 | 1,576,950 | |
Mexco Energy Corp. (a)(b) | 8,253 | 74,277 | |
Murphy Oil Corp. (b) | 772,362 | 16,420,416 | |
NACCO Industries, Inc. Class A | 24,374 | 607,156 | |
New Concept Energy, Inc. (a)(b) | 18,365 | 72,358 | |
New Fortress Energy, Inc. | 273,223 | 8,024,560 | |
Nextdecade Corp. (a)(b) | 626,766 | 2,080,863 | |
Northern Oil & Gas, Inc. (b) | 264,916 | 4,397,606 | |
Oasis Petroleum, Inc. | 111,183 | 9,627,336 | |
Overseas Shipholding Group, Inc. (a) | 482,007 | 1,262,858 | |
Ovintiv, Inc. | 1,409,172 | 38,414,029 | |
Par Pacific Holdings, Inc. (a) | 253,257 | 4,176,208 | |
PBF Energy, Inc. Class A (a)(b) | 504,026 | 5,241,870 | |
PDC Energy, Inc. | 539,305 | 22,515,984 | |
Peabody Energy Corp. (a)(b) | 368,954 | 5,895,885 | |
Pedevco Corp. (a)(b) | 86,264 | 98,341 | |
Penn Virginia Corp. (a) | 93,979 | 1,945,365 | |
Phx Minerals, Inc. Class A | 198,057 | 501,084 | |
PrimeEnergy Corp. (a) | 4,183 | 209,485 | |
Range Resources Corp. (a)(b) | 1,419,215 | 20,748,923 | |
Renewable Energy Group, Inc. (a) | 258,305 | 12,507,128 | |
Rex American Resources Corp. (a) | 30,603 | 2,593,910 | |
Riley Exploration Permian, Inc. | 4,922 | 99,424 | |
Ring Energy, Inc. (a)(b) | 500,802 | 1,201,925 | |
SandRidge Energy, Inc. (a) | 160,445 | 1,427,961 | |
SilverBow Resources, Inc. (a) | 61,832 | 1,130,289 | |
SM Energy Co. | 596,857 | 11,399,969 | |
Southwestern Energy Co. (a) | 3,467,233 | 15,775,910 | |
Talos Energy, Inc. (a)(b) | 196,207 | 2,432,967 | |
Targa Resources Corp. | 1,238,261 | 54,384,423 | |
Tellurian, Inc. (a)(b) | 1,186,120 | 3,783,723 | |
Texas Pacific Land Corp. | 41,944 | 57,032,935 | |
U.S. Energy Corp. (a)(b) | 77,257 | 308,255 | |
Uranium Energy Corp. (a)(b) | 1,284,742 | 3,224,702 | |
VAALCO Energy, Inc. (a) | 284,098 | 696,040 | |
Vertex Energy, Inc. (a)(b) | 146,532 | 1,104,851 | |
Vine Energy, Inc. Class A | 140,644 | 2,091,376 | |
W&T Offshore, Inc. (a)(b) | 470,204 | 1,532,865 | |
Whiting Petroleum Corp. (a) | 209,216 | 9,822,691 | |
World Fuel Services Corp. | 343,908 | 11,128,863 | |
784,410,194 | |||
TOTAL ENERGY | 949,719,909 | ||
FINANCIALS - 14.2% | |||
Banks - 4.8% | |||
1st Constitution Bancorp | 43,910 | 984,023 | |
1st Source Corp. | 96,184 | 4,520,648 | |
ACNB Corp. | 46,323 | 1,334,566 | |
Allegiance Bancshares, Inc. | 104,644 | 3,889,617 | |
Altabancorp | 78,625 | 3,264,510 | |
Amalgamated Financial Corp. | 148,256 | 2,305,381 | |
Amerant Bancorp, Inc. Class A (a) | 113,833 | 3,024,543 | |
American National Bankshares, Inc. | 53,933 | 1,843,430 | |
Ameris Bancorp | 385,689 | 18,991,326 | |
AmeriServ Financial, Inc. | 99,516 | 388,112 | |
Ames National Corp. | 50,332 | 1,178,272 | |
Arrow Financial Corp. | 83,141 | 3,063,746 | |
Associated Banc-Corp. | 803,691 | 16,572,108 | |
Atlantic Capital Bancshares, Inc. (a) | 113,140 | 2,741,382 | |
Atlantic Union Bankshares Corp. | 426,582 | 15,783,534 | |
Auburn National Bancorp., Inc. | 5,397 | 185,387 | |
Banc of California, Inc. | 231,012 | 4,151,286 | |
BancFirst Corp. | 99,403 | 5,622,234 | |
Bancorp, Inc., Delaware (a) | 285,171 | 7,032,317 | |
BancorpSouth Bank | 528,697 | 15,506,683 | |
Bank First National Corp. (b) | 32,052 | 2,275,692 | |
Bank of Commerce Holdings | 96,497 | 1,376,047 | |
Bank of Hawaii Corp. | 217,153 | 18,199,593 | |
Bank of Marin Bancorp | 78,330 | 2,835,546 | |
Bank of South Carolina Corp. (b) | 11,284 | 234,143 | |
Bank of the James Financial Group, Inc. | 220 | 3,113 | |
Bank OZK | 651,112 | 27,626,682 | |
Bank7 Corp. | 254 | 5,766 | |
BankFinancial Corp. | 79,534 | 922,594 | |
BankUnited, Inc. | 503,583 | 21,165,593 | |
Bankwell Financial Group, Inc. | 40,214 | 1,210,039 | |
Banner Corp. | 185,561 | 10,614,089 | |
Bar Harbor Bankshares | 83,752 | 2,294,805 | |
BayCom Corp. (a) | 61,311 | 1,061,293 | |
BCB Bancorp, Inc. | 80,509 | 1,197,169 | |
Berkshire Hills Bancorp, Inc. | 272,780 | 6,991,351 | |
Blue Ridge Bankshares, Inc. (b) | 89,057 | 1,580,762 | |
BOK Financial Corp. | 171,462 | 15,097,229 | |
Brookline Bancorp, Inc., Delaware | 411,203 | 6,155,709 | |
Bryn Mawr Bank Corp. | 107,964 | 4,404,931 | |
Business First Bancshares, Inc. (b) | 102,051 | 2,441,060 | |
Byline Bancorp, Inc. | 129,995 | 3,197,877 | |
C & F Financial Corp. | 17,036 | 912,107 | |
Cadence Bancorp Class A | 685,781 | 14,751,149 | |
California Bancorp, Inc. (a) | 33,237 | 576,662 | |
Cambridge Bancorp | 38,070 | 3,264,122 | |
Camden National Corp. | 79,145 | 3,693,697 | |
Capital Bancorp, Inc. | 53,579 | 1,270,894 | |
Capital City Bank Group, Inc. | 66,158 | 1,534,204 | |
Capstar Financial Holdings, Inc. | 103,693 | 2,181,701 | |
Carter Bankshares, Inc. (a) | 135,928 | 1,656,962 | |
Cathay General Bancorp | 413,868 | 16,463,669 | |
CB Financial Services, Inc. (b) | 33,968 | 788,058 | |
CBTX, Inc. | 100,992 | 2,749,002 | |
Central Pacific Financial Corp. | 149,315 | 3,779,163 | |
Central Valley Community Bancorp | 60,316 | 1,311,270 | |
Century Bancorp, Inc. Class A (non-vtg.) | 15,717 | 1,796,925 | |
Chemung Financial Corp. (b) | 17,329 | 805,452 | |
ChoiceOne Financial Services, Inc. | 34,994 | 858,403 | |
CIT Group, Inc. | 536,653 | 29,741,309 | |
Citizens & Northern Corp. | 87,527 | 2,196,052 | |
Citizens Community Bancorp, Inc. | 17,504 | 244,356 | |
Citizens Holding Co. (b) | 18,168 | 322,482 | |
City Holding Co. | 83,171 | 6,479,021 | |
Civista Bancshares, Inc. | 82,960 | 1,951,219 | |
CNB Financial Corp., Pennsylvania | 86,831 | 2,134,306 | |
Coastal Financial Corp. of Washington (a) | 51,398 | 1,509,559 | |
Codorus Valley Bancorp, Inc. (b) | 41,894 | 927,952 | |
Colony Bankcorp, Inc. | 23,765 | 441,791 | |
Columbia Banking Systems, Inc. | 388,500 | 14,125,860 | |
Commerce Bancshares, Inc. | 572,475 | 40,485,432 | |
Community Bank System, Inc. | 292,396 | 21,637,304 | |
Community Bankers Trust Corp. | 132,747 | 1,488,094 | |
Community Financial Corp. | 28,981 | 1,036,361 | |
Community Trust Bancorp, Inc. | 80,678 | 3,361,045 | |
Community West Bancshares | 400 | 5,280 | |
ConnectOne Bancorp, Inc. | 187,630 | 5,368,094 | |
Cortland Bancorp | 1,227 | 33,117 | |
County Bancorp, Inc. | 24,663 | 896,253 | |
CrossFirst Bankshares, Inc. (a) | 257,422 | 3,403,119 | |
Cullen/Frost Bankers, Inc. | 306,533 | 35,012,199 | |
Customers Bancorp, Inc. (a) | 168,071 | 6,959,820 | |
CVB Financial Corp. | 688,458 | 14,017,005 | |
Dime Community Bancshares, Inc. (b) | 192,050 | 6,337,650 | |
Eagle Bancorp Montana, Inc. | 31,388 | 694,930 | |
Eagle Bancorp, Inc. | 181,867 | 10,493,726 | |
East West Bancorp, Inc. | 768,597 | 56,368,904 | |
Eastern Bankshares, Inc. | 1,002,633 | 19,832,081 | |
Emclaire Financial Corp. | 100 | 2,690 | |
Enterprise Bancorp, Inc. | 37,279 | 1,258,166 | |
Enterprise Financial Services Corp. | 211,403 | 9,494,109 | |
Equity Bancshares, Inc. (a) | 75,958 | 2,436,733 | |
Esquire Financial Holdings, Inc. (a) | 36,159 | 940,134 | |
Evans Bancorp, Inc. | 31,539 | 1,234,752 | |
Farmers & Merchants Bancorp, Inc. | 53,062 | 1,207,691 | |
Farmers National Banc Corp. | 146,928 | 2,292,077 | |
FB Financial Corp. | 183,239 | 7,547,614 | |
Fidelity D & D Bancorp, Inc. | 16,387 | 884,079 | |
Financial Institutions, Inc. | 88,335 | 2,805,520 | |
First Bancorp, North Carolina | 153,321 | 6,402,685 | |
First Bancorp, Puerto Rico | 1,174,718 | 14,954,160 | |
First Bancshares, Inc. | 120,237 | 4,872,003 | |
First Bank Hamilton New Jersey | 86,235 | 1,148,650 | |
First Busey Corp. | 269,866 | 6,395,824 | |
First Business Finance Services, Inc. | 40,192 | 1,139,041 | |
First Capital, Inc. (b) | 14,317 | 607,041 | |
First Citizens Bancshares, Inc. (b) | 39,388 | 35,358,608 | |
First Commonwealth Financial Corp. | 517,290 | 6,993,761 | |
First Community Bankshares, Inc. | 85,464 | 2,669,895 | |
First Community Corp. (b) | 49,271 | 1,003,650 | |
First Financial Bancorp, Ohio | 544,150 | 12,792,967 | |
First Financial Bankshares, Inc. | 776,920 | 36,996,930 | |
First Financial Corp., Indiana | 68,205 | 2,757,528 | |
First Financial Northwest, Inc. | 38,007 | 619,134 | |
First Foundation, Inc. (b) | 214,913 | 5,164,359 | |
First Guaranty Bancshares, Inc. | 2,580 | 48,968 | |
First Hawaiian, Inc. | 706,893 | 19,729,384 | |
First Horizon National Corp. | 2,998,963 | 49,153,004 | |
First Internet Bancorp | 51,523 | 1,531,264 | |
First Interstate Bancsystem, Inc. | 187,129 | 8,244,904 | |
First Merchants Corp. | 308,304 | 12,686,710 | |
First Mid-Illinois Bancshares, Inc. | 85,496 | 3,496,786 | |
First Midwest Bancorp, Inc., Delaware | 626,830 | 11,740,526 | |
First National Corp. | 200 | 4,216 | |
First Northwest Bancorp | 55,346 | 1,042,719 | |
First of Long Island Corp. | 120,505 | 2,554,706 | |
First Savings Financial Group, Inc. | 8,199 | 713,477 | |
First U.S. Bancshares, Inc. | 8,386 | 90,150 | |
First United Corp. | 31,931 | 588,169 | |
First Western Financial, Inc. (a) | 32,431 | 877,583 | |
Five Star Bancorp | 27,949 | 667,422 | |
Flushing Financial Corp. | 166,678 | 3,821,927 | |
FNB Corp., Pennsylvania | 1,735,298 | 20,268,281 | |
FNCM Bancorp, Inc. | 78,451 | 614,271 | |
Franklin Financial Services Corp. (b) | 18,900 | 599,319 | |
Fulton Financial Corp. | 868,476 | 13,765,345 | |
FVCBankcorp, Inc. (a) | 52,245 | 1,033,406 | |
German American Bancorp, Inc. | 133,834 | 5,000,038 | |
Glacier Bancorp, Inc. | 520,225 | 27,707,184 | |
Glen Burnie Bancorp | 18,315 | 219,780 | |
Great Southern Bancorp, Inc. | 58,225 | 3,171,516 | |
Great Western Bancorp, Inc. | 301,374 | 9,330,539 | |
Guaranty Bancshares, Inc. Texas | 51,862 | 1,779,904 | |
Hancock Whitney Corp. | 477,353 | 21,939,144 | |
Hanmi Financial Corp. | 166,087 | 3,202,157 | |
HarborOne Bancorp, Inc. | 318,720 | 4,503,514 | |
Hawthorn Bancshares, Inc. | 41,432 | 947,136 | |
HBT Financial, Inc. | 47,976 | 784,408 | |
Heartland Financial U.S.A., Inc. | 212,683 | 10,002,481 | |
Heritage Commerce Corp. (b) | 327,040 | 3,685,741 | |
Heritage Financial Corp., Washington | 193,831 | 4,932,999 | |
Hilltop Holdings, Inc. (b) | 350,009 | 11,714,801 | |
Home Bancshares, Inc. | 832,042 | 18,429,730 | |
HomeTrust Bancshares, Inc. | 92,427 | 2,571,319 | |
Hope Bancorp, Inc. | 674,303 | 9,298,638 | |
Horizon Bancorp, Inc. Indiana | 213,119 | 3,804,174 | |
Howard Bancorp, Inc. (a) | 63,608 | 1,265,799 | |
Independent Bank Corp. | 118,499 | 2,481,369 | |
Independent Bank Corp., Massachusetts | 179,404 | 13,760,287 | |
Independent Bank Group, Inc. (b) | 198,724 | 13,996,131 | |
International Bancshares Corp. | 295,829 | 12,389,319 | |
Investar Holding Corp. | 49,947 | 1,123,308 | |
Investors Bancorp, Inc. | 1,215,316 | 17,391,172 | |
Lakeland Bancorp, Inc. | 276,341 | 4,664,636 | |
Lakeland Financial Corp. (b) | 135,496 | 8,998,289 | |
Landmark Bancorp, Inc. | 3,081 | 85,282 | |
LCNB Corp. | 64,523 | 1,127,862 | |
Level One Bancorp, Inc. | 24,316 | 652,641 | |
Limestone Bancorp, Inc. (a) | 20,885 | 361,311 | |
Live Oak Bancshares, Inc. | 170,431 | 10,432,082 | |
Macatawa Bank Corp. | 125,963 | 1,034,156 | |
Mackinac Financial Corp. | 51,916 | 1,098,543 | |
Mainstreet Bancshares, Inc. (a) | 25,334 | 591,549 | |
Malvern Bancorp, Inc. (a)(b) | 81,605 | 1,507,244 | |
Mercantile Bank Corp. | 87,689 | 2,735,897 | |
Meridian Bank/Malvern, PA | 30,304 | 887,604 | |
Metrocity Bankshares, Inc. | 82,237 | 1,703,128 | |
Metropolitan Bank Holding Corp. (a) | 43,732 | 3,424,216 | |
Mid Penn Bancorp, Inc. | 48,955 | 1,301,713 | |
Middlefield Banc Corp. | 35,281 | 839,688 | |
Midland States Bancorp, Inc. | 108,664 | 2,749,199 | |
MidWestOne Financial Group, Inc. | 78,167 | 2,294,983 | |
MVB Financial Corp. | 54,902 | 2,170,825 | |
National Bank Holdings Corp. | 170,490 | 6,393,375 | |
National Bankshares, Inc. | 31,330 | 1,157,957 | |
NBT Bancorp, Inc. | 233,802 | 8,384,140 | |
Nicolet Bankshares, Inc. (a)(b) | 48,923 | 3,738,206 | |
Northeast Bank | 44,271 | 1,449,433 | |
Northrim Bancorp, Inc. | 34,678 | 1,455,436 | |
Norwood Financial Corp. (b) | 41,585 | 1,060,418 | |
Oak Valley Bancorp Oakdale California | 25,823 | 450,611 | |
OceanFirst Financial Corp. | 321,320 | 6,831,263 | |
OFG Bancorp | 277,811 | 6,614,680 | |
Ohio Valley Banc Corp. | 17,065 | 460,755 | |
Old National Bancorp, Indiana | 906,761 | 15,106,638 | |
Old Point Financial Corp. | 8,643 | 192,825 | |
Old Second Bancorp, Inc. | 143,074 | 1,682,550 | |
OptimumBank Holdings, Inc. (a)(b) | 5,789 | 29,003 | |
Origin Bancorp, Inc. | 119,205 | 4,905,286 | |
Orrstown Financial Services, Inc. | 55,276 | 1,318,885 | |
Pacific Mercantile Bancorp (a) | 104,685 | 922,275 | |
Pacific Premier Bancorp, Inc. (b) | 524,623 | 20,963,935 | |
PacWest Bancorp | 631,783 | 26,882,367 | |
Park National Corp. | 76,279 | 8,942,950 | |
Parke Bancorp, Inc. | 49,855 | 1,023,025 | |
Pathfinder Bancorp, Inc. | 200 | 3,232 | |
Patriot National Bancorp, Inc. (a)(b) | 1,376 | 12,604 | |
PCB Bancorp (b) | 70,508 | 1,341,062 | |
Peapack-Gladstone Financial Corp. | 93,440 | 3,112,486 | |
Penns Woods Bancorp, Inc. | 31,676 | 751,671 | |
Peoples Bancorp of North Carolina | 30,748 | 867,094 | |
Peoples Bancorp, Inc. | 97,589 | 3,048,680 | |
Peoples Financial Services Corp. | 32,220 | 1,485,020 | |
Pinnacle Financial Partners, Inc. | 417,723 | 40,485,713 | |
Plumas Bancorp (b) | 18,117 | 584,454 | |
Popular, Inc. | 437,693 | 33,238,406 | |
Preferred Bank, Los Angeles | 72,331 | 4,621,228 | |
Premier Financial Bancorp, Inc. | 64,530 | 1,162,185 | |
Primis Financial Corp. | 105,934 | 1,587,951 | |
Professional Holdings Corp. (A Shares) (a) | 77,686 | 1,495,456 | |
Prosperity Bancshares, Inc. | 505,000 | 35,289,400 | |
QCR Holdings, Inc. | 81,080 | 4,212,106 | |
RBB Bancorp | 72,154 | 1,857,244 | |
Red River Bancshares, Inc. | 26,547 | 1,331,598 | |
Reliant Bancorp, Inc. | 83,164 | 2,411,756 | |
Renasant Corp. | 315,363 | 11,069,241 | |
Republic Bancorp, Inc., Kentucky Class A | 50,764 | 2,544,799 | |
Republic First Bancorp, Inc. (a) | 254,097 | 848,684 | |
Richmond Mutual Bancorp., Inc. | 63,642 | 972,450 | |
Riverview Financial Corp. (a) | 3,095 | 38,347 | |
S&T Bancorp, Inc. | 213,153 | 6,351,959 | |
Salisbury Bancorp, Inc. (b) | 16,121 | 826,040 | |
Sandy Spring Bancorp, Inc. | 257,422 | 11,215,877 | |
SB Financial Group, Inc. | 32,558 | 594,835 | |
Seacoast Banking Corp., Florida | 299,769 | 9,574,622 | |
Select Bancorp, Inc. (a) | 85,188 | 1,410,713 | |
ServisFirst Bancshares, Inc. | 257,850 | 18,931,347 | |
Shore Bancshares, Inc. | 63,469 | 1,123,401 | |
Sierra Bancorp | 78,919 | 2,006,121 | |
Signature Bank | 312,090 | 80,934,300 | |
Silvergate Capital Corp. (a) | 112,491 | 12,709,233 | |
Simmons First National Corp. Class A | 582,036 | 16,908,146 | |
SmartFinancial, Inc. | 76,800 | 1,918,464 | |
Sound Financial Bancorp, Inc. | 11,699 | 509,023 | |
South Plains Financial, Inc. | 49,160 | 1,140,512 | |
South State Corp. | 384,881 | 26,395,139 | |
Southern First Bancshares, Inc. (a) | 37,584 | 1,916,032 | |
Southside Bancshares, Inc. | 166,151 | 6,262,231 | |
Spirit of Texas Bancshares, Inc. | 73,240 | 1,732,126 | |
Sterling Bancorp | 1,031,010 | 23,599,819 | |
Stock Yards Bancorp, Inc. | 115,336 | 5,949,031 | |
Summit Financial Group, Inc. | 49,835 | 1,193,050 | |
Summit State Bank | 200 | 3,060 | |
Synovus Financial Corp. | 806,516 | 34,760,840 | |
Texas Capital Bancshares, Inc. (a) | 273,838 | 18,618,246 | |
The Bank of Princeton (b) | 28,704 | 875,472 | |
The First Bancorp, Inc. | 55,710 | 1,654,030 | |
Tompkins Financial Corp. | 64,432 | 5,128,143 | |
TowneBank | 355,730 | 10,839,093 | |
Trico Bancshares | 146,173 | 5,781,142 | |
TriState Capital Holdings, Inc. (a) | 151,716 | 3,066,180 | |
Triumph Bancorp, Inc. (a) | 125,912 | 10,352,485 | |
Trustmark Corp. | 341,634 | 10,802,467 | |
UMB Financial Corp. | 240,044 | 21,983,230 | |
Umpqua Holdings Corp. | 1,195,292 | 23,272,335 | |
Union Bankshares, Inc. | 25,753 | 853,712 | |
United Bancorp, Inc. | 40,892 | 619,514 | |
United Bancshares, Inc. | 13,533 | 403,283 | |
United Bankshares, Inc., West Virginia | 727,189 | 26,418,776 | |
United Community Bank, Inc. | 480,666 | 14,501,693 | |
United Security Bancshares, California | 72,703 | 596,165 | |
Unity Bancorp, Inc. | 36,049 | 823,720 | |
Univest Corp. of Pennsylvania | 160,111 | 4,335,806 | |
Valley National Bancorp | 2,193,020 | 28,596,981 | |
Veritex Holdings, Inc. | 275,755 | 9,907,877 | |
Village Bank & Trust Financial Corp. (a)(b) | 8,718 | 409,746 | |
Virginia National Bank Corp. | 4,704 | 175,930 | |
Washington Trust Bancorp, Inc. | 92,286 | 4,915,152 | |
Webster Financial Corp. | 489,692 | 24,739,240 | |
WesBanco, Inc. | 358,665 | 12,194,610 | |
West Bancorp., Inc. | 82,563 | 2,525,602 | |
Westamerica Bancorp. | 142,717 | 8,097,763 | |
Western Alliance Bancorp. | 561,739 | 54,803,257 | |
Wintrust Financial Corp. | 310,006 | 23,200,849 | |
2,039,315,023 | |||
Capital Markets - 3.8% | |||
Affiliated Managers Group, Inc. | 225,415 | 38,345,346 | |
Apollo Global Management LLC Class A (b) | 1,141,587 | 68,244,071 | |
Ares Management Corp. | 598,495 | 46,191,844 | |
Artisan Partners Asset Management, Inc. | 330,043 | 17,149,034 | |
Ashford, Inc. (a) | 11,658 | 192,357 | |
Assetmark Financial Holdings, Inc. (a) | 95,153 | 2,556,761 | |
Associated Capital Group, Inc. | 19,342 | 713,140 | |
B. Riley Financial, Inc. (b) | 96,479 | 6,323,234 | |
BGC Partners, Inc. Class A | 1,809,860 | 9,320,779 | |
Blucora, Inc. (a) | 255,087 | 4,185,978 | |
BrightSphere Investment Group, Inc. | 325,868 | 8,860,351 | |
Carlyle Group LP | 634,974 | 31,355,016 | |
Cohen & Co., Inc. (b) | 10,970 | 246,057 | |
Cohen & Steers, Inc. | 129,462 | 11,355,112 | |
Coinbase Global, Inc. (a)(b) | 145,075 | 37,574,425 | |
Cowen Group, Inc. Class A | 141,651 | 5,105,102 | |
Diamond Hill Investment Group, Inc. | 15,608 | 2,856,732 | |
Donnelley Financial Solutions, Inc. (a) | 160,435 | 5,350,507 | |
Evercore, Inc. Class A | 221,829 | 30,976,202 | |
FactSet Research Systems, Inc. | 204,656 | 77,814,304 | |
Federated Hermes, Inc. | 511,349 | 17,298,937 | |
Focus Financial Partners, Inc. Class A (a) | 273,958 | 14,212,941 | |
GAMCO Investors, Inc. Class A | 21,697 | 592,545 | |
GCM Grosvenor, Inc. Class A | 187,727 | 2,087,524 | |
Greenhill & Co., Inc. | 76,346 | 1,125,340 | |
Hamilton Lane, Inc. Class A | 175,514 | 15,106,490 | |
Hennessy Advisors, Inc. (b) | 9,579 | 97,706 | |
Heritage Global, Inc. (a)(b) | 59,605 | 122,786 | |
Houlihan Lokey | 277,594 | 25,038,979 | |
Interactive Brokers Group, Inc. | 436,837 | 28,237,144 | |
Janus Henderson Group PLC | 924,366 | 40,080,510 | |
Jefferies Financial Group, Inc. | 1,075,801 | 39,761,605 | |
KKR & Co. LP | 3,154,806 | 202,822,478 | |
Lazard Ltd. Class A | 610,015 | 28,914,711 | |
LPL Financial | 432,606 | 63,960,797 | |
Manning & Napier, Inc. Class A | 64,700 | 628,237 | |
Moelis & Co. Class A | 333,202 | 20,641,864 | |
Morningstar, Inc. | 116,861 | 31,317,579 | |
National Holdings Corp. warrants 1/18/22 (a)(c) | 3,483 | 0 | |
Open Lending Corp. (a) | 527,447 | 19,499,716 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 52,202 | 2,432,091 | |
Piper Jaffray Companies | 80,034 | 11,438,459 | |
PJT Partners, Inc. | 135,708 | 10,718,218 | |
Pzena Investment Management, Inc. | 87,501 | 954,636 | |
Safeguard Scientifics, Inc. (a)(b) | 120,036 | 941,082 | |
Sculptor Capital Management, Inc. Class A | 114,093 | 3,228,832 | |
SEI Investments Co. | 642,967 | 40,384,757 | |
Siebert Financial Corp. (a)(b) | 58,418 | 222,573 | |
Silvercrest Asset Management Group Class A | 47,429 | 770,247 | |
StepStone Group, Inc. Class A | 150,085 | 7,184,569 | |
Stifel Financial Corp. | 570,099 | 39,393,841 | |
StoneX Group, Inc. (a) | 89,392 | 6,229,728 | |
The Blackstone Group LP | 3,706,419 | 466,008,061 | |
Tradeweb Markets, Inc. Class A | 571,082 | 49,689,845 | |
U.S. Global Investors, Inc. Class A | 67,207 | 424,748 | |
Value Line, Inc. | 10,562 | 387,097 | |
Victory Capital Holdings, Inc. | 91,222 | 3,195,507 | |
Virtu Financial, Inc. Class A | 416,857 | 10,204,659 | |
Virtus Investment Partners, Inc. | 39,502 | 12,352,275 | |
Westwood Holdings Group, Inc. | 42,478 | 946,410 | |
WisdomTree Investments, Inc. (b) | 591,719 | 3,733,747 | |
1,627,105,623 | |||
Consumer Finance - 0.9% | |||
Ally Financial, Inc. | 2,003,724 | 105,997,000 | |
Atlanticus Holdings Corp.(a) | 31,950 | 2,051,190 | |
Consumer Portfolio Services, Inc. (a) | 69,583 | 398,015 | |
Credit Acceptance Corp. (a)(b) | 62,284 | 36,104,789 | |
CURO Group Holdings Corp. | 90,396 | 1,479,783 | |
Elevate Credit, Inc. (a) | 99,816 | 350,354 | |
Encore Capital Group, Inc. (a)(b) | 167,703 | 8,252,665 | |
Enova International, Inc. (a) | 198,474 | 6,545,673 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 276,810 | 1,907,221 | |
First Cash Financial Services, Inc. | 222,117 | 19,033,206 | |
Green Dot Corp. Class A(a) | 295,859 | 15,455,674 | |
LendingClub Corp. (a) | 524,877 | 16,302,680 | |
LendingTree, Inc. (a) | 60,149 | 10,022,628 | |
Medallion Financial Corp. (a) | 79,623 | 679,184 | |
Navient Corp. | 967,430 | 22,454,050 | |
Nelnet, Inc. Class A | 114,908 | 9,293,759 | |
Nicholas Financial, Inc. (a) | 72,274 | 836,933 | |
OneMain Holdings, Inc. | 573,692 | 33,176,608 | |
Oportun Financial Corp. (a) | 96,172 | 2,428,343 | |
PRA Group, Inc. (a) | 246,032 | 10,333,344 | |
PROG Holdings, Inc. | 364,671 | 17,256,232 | |
Regional Management Corp. | 53,692 | 3,190,916 | |
Santander Consumer U.S.A. Holdings, Inc. | 382,423 | 15,958,512 | |
SLM Corp. | 1,752,163 | 32,853,056 | |
Upstart Holdings, Inc. | 91,975 | 21,073,312 | |
World Acceptance Corp. (a) | 21,024 | 3,991,827 | |
397,426,954 | |||
Diversified Financial Services - 0.3% | |||
A-Mark Precious Metals, Inc. | 46,069 | 2,234,807 | |
Alerus Financial Corp. | 80,728 | 2,410,538 | |
Cannae Holdings, Inc. (a) | 465,600 | 14,861,952 | |
Equitable Holdings, Inc. | 2,073,018 | 64,284,288 | |
FlexShopper, Inc. (a) | 77,993 | 226,180 | |
LM Funding America, Inc. (a)(b) | 53,754 | 276,833 | |
Marlin Business Services Corp. | 66,569 | 1,481,160 | |
SWK Holdings Corp. (a) | 5,537 | 109,633 | |
Voya Financial, Inc. | 649,831 | 42,226,018 | |
128,111,409 | |||
Insurance - 2.7% | |||
Alleghany Corp. (a) | 75,736 | 51,249,794 | |
AMBAC Financial Group, Inc. (a) | 241,583 | 3,403,904 | |
American Equity Investment Life Holding Co. | 469,172 | 14,868,061 | |
American Financial Group, Inc. | 373,558 | 51,528,591 | |
American National Group, Inc. | 49,638 | 9,555,315 | |
Amerisafe, Inc. | 102,144 | 5,878,387 | |
Arch Capital Group Ltd. (a) | 2,189,755 | 89,998,931 | |
Argo Group International Holdings, Ltd. | 189,528 | 10,026,031 | |
Assured Guaranty Ltd. | 400,638 | 19,975,811 | |
Athene Holding Ltd. (a) | 675,601 | 45,244,999 | |
Atlantic American Corp. (b) | 39,634 | 157,347 | |
Axis Capital Holdings Ltd. | 435,599 | 22,289,601 | |
Brighthouse Financial, Inc. (a) | 461,380 | 22,589,165 | |
Brown & Brown, Inc. | 1,274,838 | 74,004,346 | |
BRP Group, Inc. (a) | 256,386 | 9,652,933 | |
Citizens, Inc. Class A (a)(b) | 251,918 | 1,503,950 | |
CNA Financial Corp. | 159,832 | 7,088,549 | |
CNO Financial Group, Inc. | 713,908 | 17,462,190 | |
Conifer Holdings, Inc. (a)(b) | 13,147 | 52,851 | |
Crawford & Co.: | |||
Class A | 85,183 | 849,275 | |
Class B | 51,302 | 484,804 | |
Donegal Group, Inc. Class A | 86,517 | 1,302,946 | |
eHealth, Inc. (a) | 141,807 | 5,480,841 | |
Employers Holdings, Inc. | 150,824 | 6,209,424 | |
Enstar Group Ltd. (a) | 72,076 | 16,625,771 | |
Erie Indemnity Co. Class A | 135,482 | 23,992,507 | |
Fednat Holding Co. | 54,685 | 141,634 | |
FG Financial Group, Inc. (a) | 9,639 | 50,123 | |
Fidelity National Financial, Inc. | 1,566,115 | 76,473,395 | |
First American Financial Corp. | 593,553 | 41,863,293 | |
Genworth Financial, Inc. Class A (a) | 2,716,482 | 10,186,808 | |
GoHealth, Inc. (a)(b) | 286,860 | 1,394,140 | |
Goosehead Insurance (b) | 90,894 | 13,341,421 | |
Greenlight Capital Re, Ltd. (a) | 148,790 | 1,254,300 | |
Hallmark Financial Services, Inc. (a) | 91,901 | 345,548 | |
Hanover Insurance Group, Inc. | 195,087 | 27,567,744 | |
HCI Group, Inc. (b) | 35,100 | 3,919,266 | |
Heritage Insurance Holdings, Inc. | 142,088 | 994,616 | |
Horace Mann Educators Corp. | 230,476 | 9,449,516 | |
Independence Holding Co. (b) | 36,994 | 1,848,960 | |
Investors Title Co. | 7,494 | 1,437,799 | |
James River Group Holdings Ltd. | 200,328 | 7,370,067 | |
Kemper Corp. | 328,884 | 22,561,442 | |
Kingstone Companies, Inc. | 38,480 | 275,132 | |
Kinsale Capital Group, Inc. | 116,422 | 21,171,341 | |
Lemonade, Inc. (a)(b) | 96,095 | 7,259,016 | |
Maiden Holdings Ltd. (a) | 375,670 | 1,175,847 | |
Markel Corp. (a) | 74,791 | 95,003,268 | |
MBIA, Inc. (a)(b) | 266,906 | 2,986,678 | |
Mercury General Corp. | 144,325 | 8,617,646 | |
MetroMile, Inc. (a)(b) | 397,960 | 1,591,840 | |
Midwest Holding, Inc. (b) | 1,340 | 50,237 | |
National Western Life Group, Inc. | 12,535 | 2,778,508 | |
NI Holdings, Inc. (a) | 45,634 | 890,776 | |
Old Republic International Corp. | 1,533,901 | 39,881,426 | |
Oscar Health, Inc. (a) | 213,275 | 3,324,957 | |
Oxbridge Re Holdings Ltd. (a)(b) | 14,895 | 47,813 | |
Palomar Holdings, Inc. (a) | 119,683 | 10,747,533 | |
Primerica, Inc. | 214,116 | 32,746,901 | |
ProAssurance Corp. | 290,595 | 7,410,173 | |
Reinsurance Group of America, Inc. | 366,174 | 42,410,273 | |
Reliance Global Group, Inc. (a)(b) | 43,427 | 122,464 | |
RenaissanceRe Holdings Ltd. | 267,228 | 41,882,644 | |
RLI Corp. | 217,791 | 23,789,311 | |
Root, Inc. (b) | 287,465 | 1,854,149 | |
Safety Insurance Group, Inc. | 74,644 | 6,069,304 | |
Selective Insurance Group, Inc. | 328,171 | 27,425,250 | |
Selectquote, Inc. (a)(b) | 246,392 | 2,353,044 | |
Siriuspoint Ltd. (a)(b) | 414,290 | 4,064,185 | |
State Auto Financial Corp. | 98,289 | 4,971,458 | |
Stewart Information Services Corp. | 144,352 | 9,086,958 | |
Tiptree, Inc. | 93,115 | 941,393 | |
Trean Insurance Group, Inc. (a) | 61,653 | 629,477 | |
Trupanion, Inc. (a) | 182,241 | 16,689,631 | |
United Fire Group, Inc. | 117,275 | 3,044,459 | |
United Insurance Holdings Corp. | 118,183 | 450,277 | |
Universal Insurance Holdings, Inc. | 159,276 | 2,268,090 | |
Vericity, Inc. | 18,430 | 166,054 | |
White Mountains Insurance Group Ltd. | 17,091 | 19,155,764 | |
1,175,009,673 | |||
Mortgage Real Estate Investment Trusts - 0.9% | |||
Acres Commercial Realty Corp. | 55,522 | 933,880 | |
AG Mortgage Investment Trust, Inc. | 87,458 | 947,170 | |
AGNC Investment Corp. | 2,676,885 | 43,659,994 | |
Annaly Capital Management, Inc. | 7,137,766 | 62,027,187 | |
Apollo Commercial Real Estate Finance, Inc. | 743,136 | 11,555,765 | |
Arbor Realty Trust, Inc. | 724,968 | 13,252,415 | |
Ares Commercial Real Estate Corp. | 245,860 | 3,879,671 | |
Arlington Asset Investment Corp. (a) | 255,218 | 951,963 | |
Armour Residential REIT, Inc. (b) | 379,856 | 4,125,236 | |
Blackstone Mortgage Trust, Inc. | 804,681 | 26,401,584 | |
BrightSpire Capital, Inc. | 468,577 | 4,695,142 | |
Broadmark Realty Capital, Inc. | 738,378 | 7,760,353 | |
Capstead Mortgage Corp. | 579,152 | 3,990,357 | |
Cherry Hill Mortgage Investment Corp. | 141,846 | 1,293,636 | |
Chimera Investment Corp. | 1,254,559 | 19,219,844 | |
Dynex Capital, Inc. | 190,999 | 3,392,142 | |
Ellington Financial LLC | 245,992 | 4,555,772 | |
Ellington Residential Mortgage REIT | 102,058 | 1,174,688 | |
Granite Point Mortgage Trust, Inc. | 332,956 | 4,581,475 | |
Great Ajax Corp. | 131,466 | 1,857,615 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) | 423,017 | 25,537,536 | |
Invesco Mortgage Capital, Inc. (b) | 1,395,780 | 4,354,834 | |
KKR Real Estate Finance Trust, Inc. | 183,046 | 3,904,371 | |
Ladder Capital Corp. Class A | 749,046 | 8,546,615 | |
Lument Finance Trust, Inc. | 94,102 | 386,759 | |
Manhattan Bridge Capital, Inc. (b) | 2,400 | 15,312 | |
MFA Financial, Inc. | 2,447,730 | 11,749,104 | |
New Residential Investment Corp. | 2,484,406 | 27,129,714 | |
New York Mortgage Trust, Inc. | 2,177,869 | 9,626,181 | |
Nexpoint Real Estate Finance, Inc. | 28,868 | 619,219 | |
Orchid Island Capital, Inc. (b) | 614,215 | 3,083,359 | |
PennyMac Mortgage Investment Trust | 530,246 | 10,292,075 | |
Ready Capital Corp. | 340,441 | 5,212,152 | |
Redwood Trust, Inc. | 614,759 | 7,666,045 | |
Sachem Capital Corp. | 153,971 | 745,220 | |
Starwood Property Trust, Inc. | 1,561,740 | 40,292,892 | |
TPG RE Finance Trust, Inc. | 381,940 | 4,812,444 | |
Tremont Mortgage Trust | 27,779 | 162,229 | |
Two Harbors Investment Corp. | 1,470,705 | 9,706,653 | |
Western Asset Mortgage Capital Corp. | 509,916 | 1,417,566 | |
395,516,169 | |||
Thrifts & Mortgage Finance - 0.8% | |||
Axos Financial, Inc. (a) | 286,349 | 13,882,200 | |
Bogota Financial Corp. (a) | 1,241 | 12,906 | |
Bridgewater Bancshares, Inc. (a) | 119,362 | 1,951,569 | |
Broadway Financial Corp. (a) | 92,446 | 339,277 | |
Capitol Federal Financial, Inc. | 698,110 | 8,056,189 | |
Carver Bancorp, Inc. (a)(b) | 6,231 | 116,270 | |
CBM Bancorp, Inc. | 100 | 1,500 | |
Cf Bankshares, Inc. | 1,700 | 32,402 | |
Columbia Financial, Inc. (a) | 265,497 | 4,786,911 | |
Elmira Savings Bank | 890 | 12,807 | |
ESSA Bancorp, Inc. | 37,669 | 629,826 | |
Essent Group Ltd. | 615,812 | 28,992,429 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 48,736 | 4,771,254 | |
FFBW, Inc. (a) | 41,243 | 474,295 | |
Finance of America Companies, Inc. (a) | 112,820 | 620,510 | |
Flagstar Bancorp, Inc. | 262,730 | 12,994,626 | |
FS Bancorp, Inc. | 47,166 | 1,611,662 | |
Greene County Bancorp, Inc. | 4,301 | 135,051 | |
Guaranty Federal Bancshares, Inc. | 200 | 4,874 | |
Guild Holdings Co. Class A | 30,189 | 436,231 | |
Hingham Institution for Savings | 9,009 | 2,923,421 | |
HMN Financial, Inc. (a) | 3,999 | 93,257 | |
Home Bancorp, Inc. | 44,572 | 1,667,884 | |
Home Federal Bancorp, Inc. | 1,332 | 23,989 | |
HomeStreet, Inc. | 116,199 | 4,746,729 | |
IF Bancorp, Inc. | 400 | 8,900 | |
Impac Mortgage Holdings, Inc. (a)(b) | 64,633 | 89,840 | |
Kearny Financial Corp. | 383,160 | 4,862,300 | |
loanDepot, Inc. (b) | 33,114 | 272,528 | |
Luther Burbank Corp. | 92,674 | 1,201,982 | |
Merchants Bancorp | 89,684 | 3,288,712 | |
Meridian Bancorp, Inc. Maryland | 299,810 | 6,230,052 | |
Meta Financial Group, Inc. | 176,858 | 8,699,645 | |
MGIC Investment Corp. | 1,840,677 | 28,107,138 | |
Mr. Cooper Group, Inc. (a) | 373,981 | 14,540,381 | |
New York Community Bancorp, Inc. | 2,466,986 | 30,886,665 | |
NMI Holdings, Inc. (a) | 464,368 | 10,480,786 | |
Northfield Bancorp, Inc. | 266,180 | 4,498,442 | |
Northwest Bancshares, Inc. | 707,898 | 9,216,832 | |
Ocwen Financial Corp. (a)(b) | 29,942 | 847,359 | |
OP Bancorp | 65,732 | 661,921 | |
PCSB Financial Corp. | 89,026 | 1,622,944 | |
PDL Community Bancorp (a) | 11,876 | 162,820 | |
PennyMac Financial Services, Inc. | 205,029 | 13,644,680 | |
Pioneer Bancorp, Inc. (a)(b) | 50,194 | 616,884 | |
Premier Financial Corp. | 205,800 | 6,256,320 | |
Provident Bancorp, Inc. | 90,782 | 1,473,392 | |
Provident Financial Holdings, Inc. | 24,775 | 431,085 | |
Provident Financial Services, Inc. | 406,000 | 8,960,420 | |
Prudential Bancorp, Inc. (b) | 97,543 | 1,443,636 | |
Radian Group, Inc. | 1,041,906 | 24,620,239 | |
Randolph Bancorp, Inc. (a) | 16,502 | 331,855 | |
Riverview Bancorp, Inc. | 143,960 | 1,056,666 | |
Rocket Companies, Inc. (b) | 735,425 | 12,759,624 | |
Security National Financial Corp. Class A | 83,465 | 767,878 | |
Severn Bancorp, Inc. | 59,720 | 743,514 | |
Southern Missouri Bancorp, Inc. | 38,480 | 1,736,218 | |
Sterling Bancorp, Inc. (a) | 87,391 | 464,046 | |
Territorial Bancorp, Inc. | 44,875 | 1,134,889 | |
TFS Financial Corp. | 274,071 | 5,478,679 | |
Timberland Bancorp, Inc. | 37,449 | 1,087,519 | |
Trustco Bank Corp., New York | 104,405 | 3,350,356 | |
UWM Holdings Corp. Class A | 261,405 | 1,921,327 | |
Velocity Financial, Inc. (a) | 47,181 | 607,219 | |
Walker & Dunlop, Inc. | 160,940 | 17,872,387 | |
Washington Federal, Inc. | 396,164 | 13,192,261 | |
Waterstone Financial, Inc. | 121,216 | 2,458,260 | |
Western New England Bancorp, Inc. (b) | 134,151 | 1,151,016 | |
William Penn Bancorp, Inc. (b) | 59,421 | 713,052 | |
WSFS Financial Corp. | 262,349 | 11,913,268 | |
351,184,006 | |||
TOTAL FINANCIALS | 6,113,668,857 | ||
HEALTH CARE - 14.2% | |||
Biotechnology - 6.2% | |||
180 Life Sciences Corp. (a)(b) | 73,421 | 432,450 | |
4D Molecular Therapeutics, Inc. (b) | 46,562 | 1,422,469 | |
89Bio, Inc. (a)(b) | 46,623 | 862,992 | |
Abeona Therapeutics, Inc. (a)(b) | 515,897 | 680,984 | |
ACADIA Pharmaceuticals, Inc. (a) | 616,910 | 10,802,094 | |
Acceleron Pharma, Inc. (a) | 287,918 | 38,546,462 | |
Achieve Life Sciences, Inc. (a)(b) | 46,235 | 386,062 | |
Acorda Therapeutics, Inc. (a)(b) | 20,590 | 87,096 | |
Actinium Pharmaceuticals, Inc. (a)(b) | 108,136 | 657,467 | |
Adamas Pharmaceuticals, Inc. (a)(b) | 210,078 | 989,467 | |
Adicet Bio, Inc. (a) | 72,862 | 608,398 | |
Adicet Bio, Inc. rights (a)(c) | 11,207 | 0 | |
Aditxt, Inc. (a)(b) | 78,890 | 149,102 | |
ADMA Biologics, Inc. (a) | 847,547 | 1,135,713 | |
Advaxis, Inc. (a) | 753,761 | 353,740 | |
Adverum Biotechnologies, Inc. (a)(b) | 554,919 | 1,348,453 | |
Aeglea BioTherapeutics, Inc. (a)(b) | 214,726 | 1,556,764 | |
Aevi Genomic Medicine, Inc. rights (a)(c) | 123,543 | 4,156 | |
Agenus, Inc. (a)(b) | 1,022,082 | 6,306,246 | |
AgeX Therapeutics, Inc. (a)(b) | 61,626 | 63,475 | |
Agios Pharmaceuticals, Inc. (a) | 276,239 | 12,342,359 | |
Aikido Pharma, Inc. (a) | 406,776 | 335,590 | |
Aileron Therapeutics, Inc. (a)(b) | 361,800 | 416,070 | |
AIM ImmunoTech, Inc. (a)(b) | 272,195 | 560,722 | |
Akebia Therapeutics, Inc. (a)(b) | 855,325 | 2,514,656 | |
Akero Therapeutics, Inc. (a)(b) | 107,205 | 2,545,047 | |
Akouos, Inc. (a)(b) | 82,384 | 979,546 | |
Albireo Pharma, Inc. (a)(b) | 94,565 | 2,888,961 | |
Aldeyra Therapeutics, Inc. (a)(b) | 313,621 | 2,976,263 | |
Alector, Inc. (a)(b) | 285,573 | 7,719,038 | |
Aligos Therapeutics, Inc. (b) | 56,384 | 961,347 | |
Alkermes PLC (a) | 859,192 | 26,858,342 | |
Allakos, Inc. (a) | 173,883 | 15,503,408 | |
Allena Pharmaceuticals, Inc. (a)(b) | 184,080 | 187,762 | |
Allogene Therapeutics, Inc. (a)(b) | 348,765 | 8,318,045 | |
Allovir, Inc. (a)(b) | 88,685 | 1,707,186 | |
Alnylam Pharmaceuticals, Inc. (a) | 635,702 | 128,049,454 | |
Alpine Immune Sciences, Inc. (a)(b) | 58,063 | 552,179 | |
Altimmune, Inc. (a)(b) | 170,870 | 2,561,341 | |
ALX Oncology Holdings, Inc. (a)(b) | 63,744 | 4,462,080 | |
Amicus Therapeutics, Inc. (a) | 1,447,620 | 16,488,392 | |
AnaptysBio, Inc. (a)(b) | 120,330 | 3,081,651 | |
Anavex Life Sciences Corp. (a)(b) | 378,019 | 7,367,590 | |
Anika Therapeutics, Inc. (a) | 76,761 | 3,310,702 | |
Anixa Biosciences, Inc. (a)(b) | 141,298 | 791,269 | |
Annexon, Inc. (a)(b) | 82,583 | 1,350,232 | |
Annovis Bio, Inc. (a)(b) | 26,945 | 1,016,904 | |
Apellis Pharmaceuticals, Inc. (a) | 315,009 | 20,743,343 | |
Applied Genetic Technologies Corp. (a)(b) | 260,836 | 925,968 | |
Applied Molecular Transport, Inc. (a)(b) | 94,334 | 2,836,623 | |
Applied Therapeutics, Inc. (a)(b) | 89,332 | 1,403,406 | |
Aprea Therapeutics, Inc. (a)(b) | 105,884 | 489,184 | |
Aptevo Therapeutics, Inc. (a) | 23,552 | 422,758 | |
Aptinyx, Inc. (a)(b) | 204,192 | 530,899 | |
AquaBounty Technologies, Inc. (a)(b) | 301,880 | 1,397,704 | |
AquaMed Technologies, Inc. (a)(c) | 6,256 | 0 | |
Aravive, Inc. (a)(b) | 74,011 | 319,728 | |
Arbutus Biopharma Corp. (a)(b) | 379,937 | 1,303,184 | |
ARCA Biopharma, Inc. (a)(b) | 57,561 | 177,863 | |
Arcturus Therapeutics Holdings, Inc. (a)(b) | 110,438 | 6,053,107 | |
Arcus Biosciences, Inc. (a)(b) | 244,731 | 7,138,803 | |
Arcutis Biotherapeutics, Inc. (a) | 150,469 | 3,185,429 | |
Ardelyx, Inc. (a)(b) | 405,296 | 571,467 | |
Arena Pharmaceuticals, Inc. (a) | 327,297 | 17,320,557 | |
Aridis Pharmaceuticals, Inc. (a)(b) | 20,094 | 80,778 | |
Armata Pharmaceuticals, Inc. (a) | 5,111 | 18,451 | |
Arrowhead Pharmaceuticals, Inc. (a) | 560,872 | 37,645,729 | |
Assembly Biosciences, Inc. (a) | 223,441 | 849,076 | |
Atara Biotherapeutics, Inc. (a) | 448,690 | 6,721,376 | |
Athenex, Inc. (a)(b) | 466,294 | 1,701,973 | |
Athersys, Inc. (a)(b) | 1,028,526 | 1,727,924 | |
Atossa Therapeutics, Inc. (a)(b) | 643,965 | 2,447,067 | |
Atreca, Inc. (a)(b) | 177,734 | 1,043,299 | |
aTyr Pharma, Inc. (a)(b) | 79,827 | 440,246 | |
AVEO Pharmaceuticals, Inc. (a) | 154,854 | 992,614 | |
Avid Bioservices, Inc. (a)(b) | 305,749 | 7,411,356 | |
Avidity Biosciences, Inc. (a)(b) | 95,220 | 2,174,825 | |
Avita Medical, Inc. (a)(b) | 134,252 | 2,713,233 | |
AVROBIO, Inc. (a) | 183,436 | 1,221,684 | |
Axcella Health, Inc. (a) | 91,837 | 335,205 | |
AzurRx BioPharma, Inc. (a)(b) | 306,930 | 193,059 | |
Beam Therapeutics, Inc. (a)(b) | 158,831 | 17,617,535 | |
Bellicum Pharmaceuticals, Inc. (a)(b) | 37,817 | 114,586 | |
Benitec Biopharma, Inc. (a)(b) | 30,435 | 120,523 | |
Bio Path Holdings, Inc. (a)(b) | 37,036 | 210,364 | |
BioAtla, Inc. (b) | 63,876 | 2,624,665 | |
BioCardia, Inc. (a)(b) | 58,902 | 173,761 | |
Biocept, Inc. (a)(b) | 91,715 | 332,008 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 960,289 | 15,287,801 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 298,837 | 39,219,368 | |
BioMarin Pharmaceutical, Inc. (a) | 987,068 | 83,120,996 | |
Biomea Fusion, Inc. (a) | 48,407 | 675,278 | |
BioVie, Inc. (b) | 12,393 | 98,896 | |
BioXcel Therapeutics, Inc. (a)(b) | 80,227 | 2,362,685 | |
Black Diamond Therapeutics, Inc. (a)(b) | 107,136 | 1,082,074 | |
bluebird bio, Inc. (a)(b) | 347,864 | 6,365,911 | |
Blueprint Medicines Corp. (a) | 318,370 | 29,694,370 | |
Bolt Biotherapeutics, Inc. | 62,940 | 1,117,814 | |
BrainStorm Cell Therpeutic, Inc. (a)(b) | 154,681 | 536,743 | |
Brickell Biotech, Inc. (a)(b) | 321,446 | 237,388 | |
BridgeBio Pharma, Inc. (a)(b) | 520,844 | 26,099,493 | |
Brooklyn ImmunoTherapeutics, Inc. (a)(b) | 109,243 | 1,318,563 | |
C4 Therapeutics, Inc. (b) | 79,404 | 3,186,483 | |
Cabaletta Bio, Inc. (a)(b) | 73,389 | 747,100 | |
Calithera Biosciences, Inc. (a)(b) | 337,504 | 826,885 | |
Calyxt, Inc. (a)(b) | 80,634 | 316,892 | |
Capricor Therapeutics, Inc. (a)(b) | 118,336 | 592,863 | |
Cardiff Oncology, Inc. (a) | 136,596 | 1,001,249 | |
CareDx, Inc. (a) | 281,304 | 20,613,957 | |
CASI Pharmaceuticals, Inc. (a) | 462,262 | 739,619 | |
Catabasis Pharmaceuticals, Inc. (a) | 19,055 | 189,978 | |
Catalyst Biosciences, Inc. (a) | 166,347 | 761,869 | |
Catalyst Pharmaceutical Partners, Inc. (a)(b) | 543,379 | 2,994,018 | |
Cel-Sci Corp. (a) | 217,180 | 2,514,944 | |
Celcuity, Inc. (a)(b) | 39,450 | 867,900 | |
Celldex Therapeutics, Inc. (a) | 248,651 | 13,091,475 | |
Cellectar Biosciences, Inc. (a)(b) | 259,484 | 264,674 | |
Celsion Corp. (a) | 450,975 | 478,034 | |
Cerevel Therapeutics Holdings (a) | 278,638 | 8,821,679 | |
Checkmate Pharmaceuticals, Inc. (b) | 26,524 | 162,062 | |
Checkpoint Therapeutics, Inc. (a)(b) | 320,007 | 1,030,423 | |
ChemoCentryx, Inc. (a)(b) | 266,604 | 4,215,009 | |
Chimerix, Inc. (a) | 373,368 | 2,650,913 | |
Chinook Therapeutics, Inc. (a) | 202,361 | 2,744,015 | |
Chinook Therapeutics, Inc. rights (a)(c) | 51,768 | 2,588 | |
Cidara Therapeutics, Inc. (a) | 227,778 | 523,889 | |
Clene, Inc. (a)(b) | 109,218 | 873,744 | |
Clovis Oncology, Inc. (a)(b) | 600,096 | 2,892,463 | |
Codiak Biosciences, Inc. (b) | 46,686 | 802,999 | |
Cogent Biosciences, Inc. (a)(b) | 173,376 | 1,435,553 | |
Cogent Biosciences, Inc. rights (a)(c) | 43,783 | 0 | |
CohBar, Inc. (a)(b) | 240,093 | 309,720 | |
Coherus BioSciences, Inc. (a)(b) | 358,149 | 5,723,221 | |
Concert Pharmaceuticals, Inc. (a) | 154,401 | 585,180 | |
ContraFect Corp. (a)(b) | 168,372 | 611,190 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 575,968 | 742,999 | |
Cortexyme, Inc. (a)(b) | 71,494 | 6,884,872 | |
Corvus Pharmaceuticals, Inc. (a)(b) | 131,314 | 296,770 | |
Crinetics Pharmaceuticals, Inc. (a)(b) | 132,185 | 3,115,600 | |
CTI BioPharma Corp. (a)(b) | 390,241 | 1,178,528 | |
Cue Biopharma, Inc. (a) | 162,200 | 1,944,778 | |
Cullinan Oncology, Inc. | 73,017 | 2,060,540 | |
Curis, Inc. (a)(b) | 456,705 | 4,041,839 | |
Cyclacel Pharmaceuticals, Inc. (a)(b) | 39,168 | 213,074 | |
Cyclerion Therapeutics, Inc. (a)(b) | 166,197 | 568,394 | |
Cyclo Therapeutics, Inc. (a) | 28,816 | 221,595 | |
Cytocom, Inc. (a)(b) | 42,000 | 133,140 | |
Cytokinetics, Inc. (a)(b) | 440,719 | 14,530,505 | |
CytomX Therapeutics, Inc. (a) | 379,234 | 1,941,678 | |
Decibel Therapeutics, Inc. | 40,561 | 327,327 | |
Deciphera Pharmaceuticals, Inc. (a) | 222,530 | 7,009,695 | |
Denali Therapeutics, Inc. (a) | 438,070 | 23,305,324 | |
DermTech, Inc. (a)(b) | 129,993 | 4,835,740 | |
Design Therapeutics, Inc. (a)(b) | 65,921 | 1,036,278 | |
DiaMedica Therapeutics, Inc. (a) | 85,773 | 368,824 | |
Dicerna Pharmaceuticals, Inc. (a) | 364,327 | 7,497,850 | |
Diffusion Pharmaceuticals, Inc. (a) | 513,825 | 303,208 | |
Dyadic International, Inc. (a)(b) | 103,886 | 656,560 | |
Dynavax Technologies Corp. (a)(b) | 565,849 | 11,011,422 | |
Dyne Therapeutics, Inc. | 95,586 | 1,618,271 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 66,707 | 3,560,153 | |
Edesa Biotech, Inc. (a) | 41,418 | 243,124 | |
Editas Medicine, Inc. (a)(b) | 365,895 | 23,267,263 | |
Eiger Biopharmaceuticals, Inc. (a)(b) | 180,242 | 1,467,170 | |
Eledon Pharmaceuticals, Inc. (a) | 76,967 | 640,365 | |
Emergent BioSolutions, Inc. (a) | 247,950 | 15,640,686 | |
Enanta Pharmaceuticals, Inc. (a)(b) | 96,171 | 5,500,981 | |
Enochian Biosciences, Inc. (a)(b) | 136,740 | 1,009,141 | |
Entasis Therapeutics Holdings, Inc. (a)(b) | 54,761 | 152,783 | |
Epizyme, Inc. (a)(b) | 513,034 | 2,647,255 | |
Equillium, Inc. (a)(b) | 91,539 | 562,965 | |
Evelo Biosciences, Inc. (a)(b) | 141,054 | 1,603,784 | |
Exact Sciences Corp. (a) | 927,818 | 96,845,643 | |
Exelixis, Inc. (a) | 1,705,249 | 32,689,623 | |
Exicure, Inc. (a)(b) | 385,798 | 540,117 | |
F-star Therapeutics, Inc. (a)(b) | 86,498 | 685,064 | |
F-star Therapeutics, Inc.: | |||
rights (a)(c) | 13,735 | 0 | |
rights (a)(c) | 13,735 | 0 | |
Fate Therapeutics, Inc. (a) | 431,954 | 31,640,631 | |
FibroGen, Inc. (a)(b) | 458,569 | 5,333,157 | |
Finch Therapeutics Group, Inc. (a)(b) | 44,968 | 636,297 | |
Flexion Therapeutics, Inc. (a)(b) | 268,324 | 1,604,578 | |
Foghorn Therapeutics, Inc. (b) | 46,181 | 599,429 | |
Forma Therapeutics Holdings, Inc. (a) | 112,922 | 2,713,516 | |
Forte Biosciences, Inc. (a)(b) | 62,518 | 1,839,280 | |
Fortress Biotech, Inc. (a) | 374,504 | 1,232,118 | |
Frequency Therapeutics, Inc. (a)(b) | 191,955 | 1,481,893 | |
G1 Therapeutics, Inc. (a)(b) | 178,324 | 2,696,259 | |
Gain Therapeutics, Inc. (a) | 1,919 | 14,968 | |
Galectin Therapeutics, Inc. (a)(b) | 312,745 | 1,229,088 | |
Galecto, Inc. (b) | 62,846 | 279,665 | |
Galera Therapeutics, Inc. (a)(b) | 45,301 | 405,897 | |
Gemini Therapeutics, Inc. (b) | 156,751 | 771,215 | |
Generation Bio Co. (a) | 118,844 | 2,971,100 | |
Genocea Biosciences, Inc. (a)(b) | 98,878 | 174,025 | |
Genprex, Inc. (a)(b) | 221,159 | 696,651 | |
GeoVax Labs, Inc. (a)(b) | 32,090 | 195,428 | |
Geron Corp. (a)(b) | 1,861,376 | 2,698,995 | |
Global Blood Therapeutics, Inc. (a) | 330,767 | 9,489,705 | |
GlycoMimetics, Inc. (a) | 218,334 | 484,701 | |
Gossamer Bio, Inc. (a)(b) | 245,884 | 2,444,087 | |
Greenwich Lifesciences, Inc. (b) | 11,093 | 443,942 | |
Gritstone Bio, Inc. (a)(b) | 105,046 | 966,423 | |
Gt Biopharma, Inc. (a) | 95,811 | 851,760 | |
Halozyme Therapeutics, Inc. (a) | 725,655 | 30,470,253 | |
Harpoon Therapeutics, Inc. (a)(b) | 117,021 | 1,109,359 | |
Heat Biologics, Inc. (a)(b) | 159,849 | 1,155,708 | |
Heron Therapeutics, Inc. (a)(b) | 520,653 | 6,076,021 | |
Histogen, Inc. (a)(b) | 140,516 | 111,050 | |
Homology Medicines, Inc. (a)(b) | 225,895 | 1,624,185 | |
Hookipa Pharma, Inc. (a) | 111,946 | 771,308 | |
Horizon Therapeutics PLC (a) | 1,215,961 | 131,433,224 | |
Humanigen, Inc. (a)(b) | 259,691 | 4,305,677 | |
iBio, Inc. (a) | 1,214,747 | 1,542,729 | |
Ideaya Biosciences, Inc. (a)(b) | 102,515 | 2,409,103 | |
Idera Pharmaceuticals, Inc. (a)(b) | 228,530 | 249,098 | |
IGM Biosciences, Inc. (a)(b) | 39,251 | 2,795,064 | |
Immucell Corp. (a) | 13,116 | 120,143 | |
Immunic, Inc. (a) | 83,732 | 824,760 | |
ImmunityBio, Inc. (a)(b) | 404,617 | 4,604,541 | |
ImmunoGen, Inc. (a) | 1,120,904 | 6,781,469 | |
Immunome, Inc. (b) | 24,155 | 338,895 | |
Immunovant, Inc. (a)(b) | 255,822 | 2,215,419 | |
Impel Neuropharma, Inc. (a)(b) | 24,744 | 469,889 | |
Infinity Pharmaceuticals, Inc. (a)(b) | 461,523 | 1,633,791 | |
Inhibikase Therapeutics, Inc. (b) | 9,551 | 22,636 | |
Inhibrx, Inc. (a)(b) | 38,071 | 1,085,785 | |
Inmune Bio, Inc. (a) | 42,175 | 1,000,391 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 1,123,393 | 9,706,116 | |
Inozyme Pharma, Inc. (a) | 38,482 | 593,392 | |
Insmed, Inc. (a) | 614,349 | 17,226,346 | |
Instil Bio, Inc. (a)(b) | 91,480 | 1,724,398 | |
Intellia Therapeutics, Inc. (a) | 359,730 | 57,747,457 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 131,159 | 1,955,581 | |
Invitae Corp. (a)(b) | 988,230 | 29,281,255 | |
Ionis Pharmaceuticals, Inc. (a) | 755,766 | 30,049,256 | |
Iovance Biotherapeutics, Inc. (a) | 774,612 | 18,644,911 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(b) | 886,448 | 11,612,469 | |
IsoRay, Inc. (a)(b) | 731,894 | 468,412 | |
iTeos Therapeutics, Inc. (a) | 62,948 | 1,784,576 | |
Iveric Bio, Inc. (a) | 455,983 | 4,819,740 | |
Jounce Therapeutics, Inc. (a)(b) | 149,755 | 931,476 | |
Kadmon Holdings, Inc. (a)(b) | 910,688 | 4,990,570 | |
Kalvista Pharmaceuticals, Inc. (a) | 103,471 | 2,114,947 | |
Karuna Therapeutics, Inc. (a)(b) | 101,596 | 12,079,764 | |
Karyopharm Therapeutics, Inc. (a)(b) | 368,729 | 2,138,628 | |
Keros Therapeutics, Inc. (a)(b) | 50,782 | 1,708,306 | |
Kezar Life Sciences, Inc. (a)(b) | 199,647 | 1,521,310 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 135,484 | 1,704,389 | |
Kinnate Biopharma, Inc. (b) | 65,704 | 1,453,372 | |
Kintara Therapeutics, Inc. (a)(b) | 156,314 | 237,597 | |
Kiromic BioPharma, Inc. (b) | 4,300 | 14,835 | |
Kodiak Sciences, Inc. (a)(b) | 172,393 | 16,235,973 | |
Kronos Bio, Inc. (b) | 76,227 | 1,593,907 | |
Krystal Biotech, Inc. (a)(b) | 93,203 | 5,400,182 | |
Kura Oncology, Inc. (a) | 362,451 | 6,690,845 | |
Kymera Therapeutics, Inc. (a) | 76,239 | 4,737,491 | |
La Jolla Pharmaceutical Co. (a)(b) | 115,502 | 486,263 | |
Lantern Pharma, Inc. (a) | 33,217 | 468,028 | |
Larimar Therapeutics, Inc. (a)(b) | 67,307 | 968,548 | |
Leap Therapeutics, Inc. (a)(b) | 240,725 | 414,047 | |
Lexicon Pharmaceuticals, Inc. (a)(b) | 370,239 | 1,747,528 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a)(b) | 91,039 | 12,044,460 | |
General CVR (a) | 26,087 | 265 | |
Glucagon CVR (a) | 26,087 | 226 | |
rights (a) | 26,087 | 235 | |
TR Beta CVR (a) | 26,087 | 2,870 | |
Lineage Cell Therapeutics, Inc. (a)(b) | 849,657 | 2,141,136 | |
LogicBio Therapeutics, Inc. (a)(b) | 82,797 | 392,458 | |
Longeveron, Inc. (a)(b) | 14,788 | 51,462 | |
Lumos Pharma, Inc. (a) | 13,119 | 142,341 | |
Macrogenics, Inc. (a) | 326,109 | 7,699,433 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 55,485 | 4,591,384 | |
Magenta Therapeutics, Inc. (a)(b) | 141,421 | 905,094 | |
MannKind Corp. (a)(b) | 1,349,484 | 6,477,523 | |
Marker Therapeutics, Inc. (a) | 383,347 | 759,027 | |
Matinas BioPharma Holdings, Inc. (a) | 866,173 | 693,805 | |
MediciNova, Inc. (a)(b) | 265,745 | 1,039,063 | |
MEI Pharma, Inc. (a)(b) | 490,137 | 1,372,384 | |
Merrimack Pharmaceuticals, Inc. (a)(b) | 60,266 | 302,535 | |
Mersana Therapeutics, Inc. (a)(b) | 295,925 | 4,122,235 | |
Metacrine, Inc. | 16,291 | 52,131 | |
MiMedx Group, Inc. (a)(b) | 540,967 | 7,984,673 | |
Minerva Neurosciences, Inc. (a) | 169,366 | 311,633 | |
Mirati Therapeutics, Inc. (a) | 249,032 | 42,268,201 | |
Mirum Pharmaceuticals, Inc. (a) | 79,632 | 1,294,020 | |
Molecular Templates, Inc. (a)(b) | 215,498 | 1,405,047 | |
Moleculin Biotech, Inc. (a) | 147,177 | 453,305 | |
Monopar Therapeutics, Inc. (a)(b) | 23,799 | 123,041 | |
Morphic Holding, Inc. (a)(b) | 79,801 | 5,028,261 | |
Mustang Bio, Inc. (a) | 358,915 | 1,091,102 | |
Myovant Sciences Ltd. (a)(b) | 225,459 | 5,487,672 | |
Myriad Genetics, Inc. (a) | 412,451 | 14,757,497 | |
NanoViricides, Inc. (a)(b) | 52,674 | 203,848 | |
Natera, Inc. (a) | 454,132 | 53,782,853 | |
Navidea Biopharmaceuticals, Inc. (a) | 70,295 | 115,284 | |
Neoleukin Therapeutics, Inc. (a)(b) | 178,220 | 1,452,493 | |
Neubase Therapeutics, Inc. (a)(b) | 146,653 | 585,145 | |
Neurobo Pharmaceuticals, Inc. (a)(b) | 33,714 | 139,576 | |
Neurobo Pharmaceuticals, Inc. rights (a)(c) | 1,349 | 0 | |
Neurocrine Biosciences, Inc. (a) | 510,883 | 48,636,062 | |
Neximmune, Inc. | 34,623 | 487,492 | |
NextCure, Inc. (a)(b) | 80,774 | 615,498 | |
Nkarta, Inc. (a)(b) | 90,228 | 2,917,974 | |
Novavax, Inc. (a) | 368,981 | 88,016,728 | |
Nurix Therapeutics, Inc. (a) | 75,365 | 2,425,999 | |
Ocugen, Inc. (a)(b) | 1,076,533 | 8,170,885 | |
Olema Pharmaceuticals, Inc. (b) | 68,148 | 2,038,988 | |
OncoCyte Corp. (a)(b) | 406,185 | 1,665,359 | |
Oncorus, Inc. (a)(b) | 48,189 | 497,792 | |
OncoSec Medical, Inc. (a) | 168,014 | 393,153 | |
Oncternal Therapeutics, Inc. (a)(b) | 226,430 | 1,023,464 | |
Oncternal Therapeutics, Inc. rights (a)(c) | 6,762 | 0 | |
OpGen, Inc. (a)(b) | 200,446 | 641,427 | |
Opko Health, Inc. (a)(b) | 2,318,370 | 8,948,908 | |
Oragenics, Inc. (a) | 493,710 | 354,928 | |
Organogenesis Holdings, Inc. Class A (a) | 274,805 | 4,688,173 | |
Organovo Holdings, Inc. (a)(b) | 37,127 | 284,393 | |
Orgenesis, Inc. (a)(b) | 111,549 | 596,787 | |
ORIC Pharmaceuticals, Inc. (a) | 79,676 | 1,760,043 | |
Outlook Therapeutics, Inc. (a)(b) | 499,268 | 1,377,980 | |
Ovid Therapeutics, Inc. (a)(b) | 281,268 | 992,876 | |
Oyster Point Pharma, Inc. (a)(b) | 66,272 | 873,465 | |
Palatin Technologies, Inc. (a)(b) | 1,049,809 | 503,908 | |
Panbela Therapeutics, Inc. (a)(b) | 5,033 | 11,425 | |
Passage Bio, Inc. (a)(b) | 142,282 | 1,710,230 | |
PDL BioPharma, Inc. (a)(c) | 562,926 | 1,390,427 | |
PDS Biotechnology Corp. (a)(b) | 101,002 | 1,570,581 | |
PhaseBio Pharmaceuticals, Inc. (a)(b) | 167,814 | 543,717 | |
Phio Pharmaceuticals Corp. (a) | 67,346 | 140,080 | |
Pieris Pharmaceuticals, Inc. (a)(b) | 309,102 | 1,666,060 | |
Plus Therapeutics, Inc. (a)(b) | 94,341 | 183,965 | |
PMV Pharmaceuticals, Inc. | 65,870 | 1,999,155 | |
Polarityte, Inc. (a)(b) | 350,616 | 247,465 | |
Poseida Therapeutics, Inc. (a)(b) | 76,350 | 659,664 | |
Praxis Precision Medicines, Inc. | 89,310 | 1,774,590 | |
Precigen, Inc. (a)(b) | 467,211 | 2,826,627 | |
Precision BioSciences, Inc. (a)(b) | 264,802 | 3,328,561 | |
Prelude Therapeutics, Inc. (b) | 67,167 | 2,397,190 | |
Prometheus Biosciences, Inc. (a)(b) | 56,863 | 1,240,751 | |
Protagenic Therapeutics, Inc. (a)(b) | 69,827 | 147,335 | |
Protagonist Therapeutics, Inc. (a) | 216,336 | 10,492,296 | |
Protara Therapeutics, Inc. (a) | 54,985 | 461,324 | |
Prothena Corp. PLC (a)(b) | 152,882 | 10,261,440 | |
PTC Therapeutics, Inc. (a) | 379,310 | 16,556,882 | |
Puma Biotechnology, Inc. (a)(b) | 210,764 | 1,595,483 | |
Qualigen Therapeutics, Inc. (a)(b) | 122,227 | 191,896 | |
Qualigen Therapeutics, Inc. rights (a)(c) | 2,906 | 196 | |
Radius Health, Inc. (a)(b) | 259,989 | 3,603,448 | |
RAPT Therapeutics, Inc. (a)(b) | 55,111 | 1,802,130 | |
Recro Pharma, Inc. (a)(b) | 214,545 | 521,344 | |
Recursion Pharmaceuticals, Inc. (a)(b) | 137,731 | 3,473,576 | |
REGENXBIO, Inc. (a) | 185,927 | 6,005,442 | |
Regulus Therapeutics, Inc. (a)(b) | 358,342 | 277,858 | |
Relay Therapeutics, Inc. (a)(b) | 117,055 | 3,749,272 | |
Reneo Pharmaceuticals, Inc. (a) | 22,953 | 254,090 | |
Repligen Corp. (a) | 276,684 | 78,296,038 | |
Replimune Group, Inc. (a) | 142,783 | 4,534,788 | |
Revolution Medicines, Inc. (a)(b) | 260,236 | 7,570,265 | |
Rhythm Pharmaceuticals, Inc. (a) | 204,199 | 2,656,629 | |
Rigel Pharmaceuticals, Inc. (a)(b) | 917,263 | 3,485,599 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 240,763 | 8,236,502 | |
Rubius Therapeutics, Inc. (a)(b) | 239,102 | 5,193,295 | |
Sage Therapeutics, Inc. (a) | 278,298 | 12,860,151 | |
Salarius Pharmaceuticals, Inc. (a)(b) | 215,177 | 223,784 | |
Salarius Pharmaceuticals, Inc. warrants 1/20/25 (a) | 42,326 | 309 | |
Sana Biotechnology, Inc. (b) | 140,258 | 3,364,789 | |
Sangamo Therapeutics, Inc. (a)(b) | 667,755 | 6,617,452 | |
Sarepta Therapeutics, Inc. (a) | 428,199 | 33,450,906 | |
Savara, Inc. (a) | 597,695 | 926,427 | |
Scholar Rock Holding Corp. (a)(b) | 118,739 | 4,693,753 | |
Seagen, Inc. (a) | 686,857 | 115,117,233 | |
Selecta Biosciences, Inc. (a) | 491,317 | 2,132,316 | |
Sellas Life Sciences Group, Inc. (a)(b) | 80,440 | 747,288 | |
Sensei Biotherapeutics, Inc. (b) | 47,948 | 516,879 | |
Seres Therapeutics, Inc. (a)(b) | 329,981 | 2,115,178 | |
Sesen Bio, Inc. (a) | 948,933 | 899,494 | |
Shattuck Labs, Inc. (b) | 69,153 | 1,461,203 | |
Sigilon Therapeutics, Inc. | 39,641 | 235,468 | |
Silverback Therapeutics, Inc. (b) | 70,946 | 1,560,812 | |
Sio Gene Therapies, Inc. (a)(b) | 273,918 | 591,663 | |
Soleno Therapeutics, Inc. (a)(b) | 267,095 | 244,205 | |
Solid Biosciences, Inc. (a) | 327,632 | 887,883 | |
Soligenix, Inc. (a)(b) | 191,488 | 201,062 | |
Sonnet Biotherapeutics Holding (a) | 347 | 239 | |
Sorrento Therapeutics, Inc. (a)(b) | 1,319,939 | 11,879,451 | |
Spectrum Pharmaceuticals, Inc. (a)(b) | 859,269 | 2,019,282 | |
Spero Therapeutics, Inc. (a)(b) | 140,935 | 2,712,999 | |
Springworks Therapeutics, Inc. (a)(b) | 148,150 | 11,126,065 | |
Spruce Biosciences, Inc. (b) | 32,745 | 251,154 | |
SQZ Biotechnologies Co. (b) | 43,170 | 574,161 | |
Stoke Therapeutics, Inc. (a) | 112,140 | 2,935,825 | |
Surface Oncology, Inc. (a)(b) | 135,188 | 855,740 | |
Sutro Biopharma, Inc. (a) | 187,049 | 4,062,704 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 202,455 | 3,540,938 | |
Synlogic, Inc. (a)(b) | 152,142 | 407,741 | |
Synthetic Biologics, Inc. (a)(b) | 691,893 | 331,901 | |
Syros Pharmaceuticals, Inc. (a) | 293,562 | 1,555,879 | |
T2 Biosystems, Inc. (a)(b) | 890,143 | 831,839 | |
Talaris Therapeutics, Inc. (a) | 47,103 | 546,866 | |
Taysha Gene Therapies, Inc. (b) | 45,475 | 904,043 | |
TCR2 Therapeutics, Inc. (a) | 141,988 | 2,381,139 | |
Tempest Therapeutics, Inc. (a) | 2,933 | 42,265 | |
Tenax Therapeutics, Inc. (a) | 1,474 | 2,344 | |
TG Therapeutics, Inc. (a)(b) | 630,331 | 17,063,060 | |
TONIX Pharmaceuticals Holding (a)(b) | 1,853,219 | 1,308,187 | |
TRACON Pharmaceuticals, Inc. (a) | 81,541 | 304,963 | |
Translate Bio, Inc. (a) | 381,035 | 14,250,709 | |
Travere Therapeutics, Inc. (a) | 308,615 | 6,737,065 | |
Trevena, Inc. (a)(b) | 858,053 | 1,132,630 | |
Turning Point Therapeutics, Inc. (a) | 229,710 | 17,692,264 | |
Twist Bioscience Corp. (a)(b) | 227,919 | 25,802,710 | |
Tyme Technologies, Inc. (a)(b) | 494,151 | 568,274 | |
Ultragenyx Pharmaceutical, Inc. (a) | 342,598 | 32,988,761 | |
uniQure B.V. (a) | 211,739 | 6,140,431 | |
United Therapeutics Corp. (a) | 241,032 | 51,792,956 | |
UNITY Biotechnology, Inc. (a) | 177,513 | 568,042 | |
Vaccinex, Inc. (a)(b) | 86,139 | 206,734 | |
Vanda Pharmaceuticals, Inc. (a) | 298,072 | 4,989,725 | |
Vaxart, Inc. (a)(b) | 672,485 | 6,018,741 | |
Vaxcyte, Inc. (a)(b) | 101,122 | 2,652,430 | |
VBI Vaccines, Inc. (a)(b) | 1,361,671 | 4,915,632 | |
Vera Therapeutics, Inc. (a) | 2,189 | 32,266 | |
Veracyte, Inc. (a)(b) | 362,473 | 17,438,576 | |
Verastem, Inc. (a)(b) | 846,403 | 2,242,968 | |
Vericel Corp. (a)(b) | 252,432 | 13,674,241 | |
Viking Therapeutics, Inc. (a)(b) | 367,075 | 2,426,366 | |
Vincerx Pharma, Inc. (a)(b) | 67,367 | 1,056,315 | |
Vir Biotechnology, Inc. (a) | 361,740 | 18,644,080 | |
Viracta Therapeutics, Inc. (a)(b) | 97,876 | 902,417 | |
Viridian Therapeutics, Inc. (a) | 29,489 | 394,563 | |
Viridian Therapeutics, Inc. rights (a)(c) | 167,699 | 2 | |
Virios Therapeutics, Inc. (a) | 17,021 | 86,126 | |
VistaGen Therapeutics, Inc. (a)(b) | 967,911 | 2,942,449 | |
Vor Biopharma, Inc. (a)(b) | 54,329 | 798,093 | |
Voyager Therapeutics, Inc. (a)(b) | 141,601 | 461,619 | |
vTv Therapeutics, Inc. Class A (a) | 237,885 | 444,845 | |
Vyant Bio, Inc. (a)(b) | 115,692 | 304,270 | |
Werewolf Therapeutics, Inc. (a) | 40,122 | 714,172 | |
Windtree Therapeutics, Inc. (a)(b) | 131,345 | 257,436 | |
X4 Pharmaceuticals, Inc. (a) | 104,538 | 536,280 | |
Xbiotech, Inc. | 86,304 | 1,378,275 | |
Xencor, Inc. (a) | 324,127 | 10,978,181 | |
Xenetic Biosciences, Inc. (a)(b) | 63,112 | 188,074 | |
XOMA Corp. (a)(b) | 59,111 | 1,839,534 | |
Y-mAbs Therapeutics, Inc. (a) | 153,691 | 4,730,609 | |
Yield10 Bioscience, Inc. (a)(b) | 22,593 | 153,406 | |
Yumanity Therapeutics, Inc. (a) | 12,854 | 138,823 | |
Yumanity Therapeutics, Inc. rights (a)(c) | 198,769 | 2 | |
Zentalis Pharmaceuticals, Inc. (a) | 97,701 | 6,662,231 | |
ZIOPHARM Oncology, Inc. (a)(b) | 1,197,453 | 1,951,848 | |
2,649,525,030 | |||
Health Care Equipment & Supplies - 2.6% | |||
Accelerate Diagnostics, Inc. (a)(b) | 177,695 | 1,110,594 | |
Accuray, Inc. (a)(b) | 493,704 | 2,009,375 | |
Acutus Medical, Inc. (a)(b) | 58,183 | 744,161 | |
Aethlon Medical, Inc. (a)(b) | 61,904 | 230,283 | |
Allied Healthcare Products, Inc. (a)(b) | 17,178 | 162,160 | |
Alphatec Holdings, Inc. (a)(b) | 323,521 | 4,684,584 | |
Angiodynamics, Inc. (a) | 204,744 | 5,794,255 | |
Apollo Endosurgery, Inc. (a) | 69,284 | 613,163 | |
Apyx Medical Corp. (a) | 159,309 | 1,881,439 | |
Asensus Surgical, Inc. (a)(b) | 1,243,502 | 2,735,704 | |
Aspira Women's Health, Inc. (a)(b) | 337,660 | 1,286,485 | |
Atricure, Inc. (a) | 245,535 | 18,076,287 | |
Atrion Corp. | 7,447 | 5,168,665 | |
Avanos Medical, Inc. (a) | 266,668 | 8,800,044 | |
Avinger, Inc. (a)(b) | 484,712 | 433,817 | |
AxoGen, Inc. (a) | 191,932 | 3,274,360 | |
Axonics Modulation Technologies, Inc. (a) | 187,101 | 14,028,833 | |
Bellerophon Therapeutics, Inc. (a) | 38,983 | 163,729 | |
Beyond Air, Inc. (a)(b) | 83,619 | 919,809 | |
BioLase Technology, Inc. (a)(b) | 754,852 | 579,349 | |
BioLife Solutions, Inc. (a)(b) | 174,634 | 10,191,640 | |
Biomerica, Inc. (a)(b) | 52,142 | 233,596 | |
BioSig Technologies, Inc. (a)(b) | 150,926 | 475,417 | |
Bioventus, Inc. (b) | 50,429 | 731,725 | |
Butterfly Network, Inc. Class A (a)(b) | 699,914 | 8,650,937 | |
Cardiovascular Systems, Inc. (a) | 213,461 | 7,639,769 | |
Cerus Corp. (a)(b) | 925,074 | 5,966,727 | |
Chembio Diagnostics, Inc. (a)(b) | 89,642 | 245,619 | |
ClearPoint Neuro, Inc. (a)(b) | 88,443 | 1,668,919 | |
Co-Diagnostics, Inc. (a)(b) | 143,910 | 1,547,033 | |
ConforMis, Inc. (a) | 958,397 | 1,600,523 | |
CONMED Corp. | 157,220 | 20,649,275 | |
Cryolife, Inc. (a) | 207,080 | 5,433,779 | |
CryoPort, Inc. (a)(b) | 246,871 | 15,693,589 | |
Cutera, Inc. (a)(b) | 96,125 | 4,781,258 | |
CytoSorbents Corp. (a)(b) | 217,084 | 2,077,494 | |
Dare Bioscience, Inc. (a)(b) | 300,448 | 525,784 | |
DarioHealth Corp. (a)(b) | 73,463 | 991,016 | |
Delcath Systems, Inc. (a)(b) | 39,853 | 398,530 | |
Dynatronics Corp. (a)(b) | 61,095 | 76,980 | |
Eargo, Inc. (a)(b) | 58,846 | 1,177,508 | |
Ekso Bionics Holdings, Inc. (a)(b) | 71,201 | 340,341 | |
electroCore, Inc. (a)(b) | 211,443 | 217,786 | |
Electromed, Inc. (a) | 34,919 | 434,043 | |
ENDRA Life Sciences, Inc. (a)(b) | 197,523 | 375,294 | |
Envista Holdings Corp. (a) | 864,867 | 37,007,659 | |
Fonar Corp. (a) | 33,414 | 583,074 | |
GBS, Inc. (a)(b) | 5,720 | 18,533 | |
Glaukos Corp. (a)(b) | 253,175 | 15,096,825 | |
Globus Medical, Inc. (a) | 420,314 | 34,297,622 | |
Haemonetics Corp. (a) | 276,116 | 17,326,279 | |
Hancock Jaffe Laboratories, Inc. (a)(b) | 40,672 | 320,495 | |
Helius Medical Technologies, Inc. (U.S.) (a)(b) | 10,339 | 145,987 | |
Heska Corp. (a) | 53,442 | 14,178,163 | |
Hill-Rom Holdings, Inc. | 359,197 | 52,291,899 | |
ICU Medical, Inc. (a) | 106,580 | 21,246,723 | |
Inari Medical, Inc. (a) | 47,800 | 3,912,908 | |
Inogen, Inc. (a) | 98,753 | 5,845,190 | |
Insulet Corp. (a) | 358,910 | 106,886,987 | |
Integer Holdings Corp. (a) | 177,901 | 17,574,840 | |
Integra LifeSciences Holdings Corp. (a) | 386,186 | 29,052,773 | |
Intersect ENT, Inc. (a) | 174,561 | 4,749,805 | |
IntriCon Corp. (a) | 45,651 | 1,027,148 | |
Invacare Corp. (a)(b) | 185,672 | 1,570,785 | |
InVivo Therapeutics Holdings Corp. (a)(b) | 171,592 | 114,212 | |
INVO Bioscience, Inc. (a)(b) | 44,154 | 169,993 | |
IRadimed Corp. (a)(b) | 30,682 | 1,035,824 | |
iRhythm Technologies, Inc. (a) | 158,465 | 7,574,627 | |
Iridex Corp. (a)(b) | 59,746 | 452,277 | |
Kewaunee Scientific Corp. (a) | 10,875 | 144,094 | |
Lantheus Holdings, Inc. (a) | 359,947 | 9,491,802 | |
LeMaitre Vascular, Inc. (b) | 91,614 | 5,187,185 | |
LENSAR, Inc. (a) | 44,263 | 393,055 | |
LivaNova PLC (a) | 283,585 | 23,449,644 | |
Lucira Health, Inc. (b) | 47,198 | 430,918 | |
Masimo Corp. (a) | 273,808 | 74,349,824 | |
Meridian Bioscience, Inc. (a) | 241,855 | 4,895,145 | |
Merit Medical Systems, Inc. (a) | 267,539 | 19,201,274 | |
Mesa Laboratories, Inc. | 25,772 | 6,879,062 | |
Microbot Medical, Inc. (a)(b) | 32,053 | 243,603 | |
Milestone Scientific, Inc. (a)(b) | 241,161 | 448,559 | |
Misonix, Inc. (a) | 63,442 | 1,611,427 | |
Motus GI Holdings, Inc. (a)(b) | 219,315 | 170,737 | |
Myomo, Inc. (a)(b) | 29,322 | 315,505 | |
NanoVibronix, Inc. (a) | 111,208 | 305,822 | |
Natus Medical, Inc. (a) | 182,899 | 4,850,481 | |
Nemaura Medical, Inc. (a)(b) | 69,992 | 489,244 | |
Neogen Corp. (a) | 582,375 | 25,496,378 | |
NeuroMetrix, Inc. (a)(b) | 26,657 | 318,285 | |
Neuronetics, Inc. (a)(b) | 116,416 | 782,316 | |
NeuroPace, Inc. (a) | 32,714 | 694,845 | |
Nevro Corp. (a)(b) | 188,639 | 23,013,958 | |
Novocure Ltd. (a) | 464,679 | 62,364,569 | |
NuVasive, Inc. (a) | 277,967 | 17,272,869 | |
Nuwellis, Inc. (a) | 30,345 | 122,594 | |
OraSure Technologies, Inc. (a)(b) | 398,688 | 4,365,634 | |
Ortho Clinical Diagnostics Holdings PLC | 442,941 | 9,053,714 | |
Orthofix International NV (a) | 104,193 | 4,417,783 | |
OrthoPediatrics Corp. (a)(b) | 72,508 | 5,082,811 | |
Outset Medical, Inc. | 111,228 | 5,482,428 | |
PAVmed, Inc. (a) | 407,204 | 2,972,589 | |
Penumbra, Inc. (a) | 183,283 | 50,393,661 | |
Predictive Oncology, Inc. (a)(b) | 337,626 | 361,260 | |
Pro-Dex, Inc. (a)(b) | 20,003 | 504,076 | |
Pulmonx Corp. | 60,688 | 2,439,051 | |
Pulse Biosciences, Inc. (a)(b) | 73,814 | 1,911,783 | |
Quidel Corp. (a)(b) | 208,857 | 26,932,110 | |
Quotient Ltd. (a) | 489,097 | 1,501,528 | |
Ra Medical Systems, Inc. (a)(b) | 41,765 | 136,572 | |
Repro Medical Systems, Inc. (a)(b) | 152,199 | 494,647 | |
Reshape Lifesciences, Inc. (a)(b) | 17,077 | 59,086 | |
Retractable Technologies, Inc. (a)(b) | 78,736 | 1,014,120 | |
Rockwell Medical Technologies, Inc. (a)(b) | 433,206 | 287,649 | |
Sanara Medtech, Inc. (a)(b) | 13,798 | 470,788 | |
Seaspine Holdings Corp. (a) | 154,917 | 2,599,507 | |
Second Sight Medical Products, Inc. (a) | 92,508 | 357,081 | |
Senseonics Holdings, Inc. (a)(b) | 1,865,345 | 7,480,033 | |
Sensus Healthcare, Inc. (a)(b) | 47,971 | 170,777 | |
Shockwave Medical, Inc. (a) | 173,026 | 37,063,899 | |
SI-BONE, Inc. (a)(b) | 144,497 | 3,527,172 | |
Sientra, Inc. (a)(b) | 282,913 | 1,720,111 | |
Silk Road Medical, Inc. (a)(b) | 190,327 | 11,282,585 | |
Sintx Technologies, Inc. (a)(b) | 81,601 | 116,689 | |
SmileDirectClub, Inc. (a)(b) | 479,495 | 2,637,223 | |
Soliton, Inc. (a) | 56,712 | 1,192,653 | |
Staar Surgical Co. (a) | 254,340 | 39,287,900 | |
Stereotaxis, Inc. (a)(b) | 334,447 | 2,361,196 | |
STRATA Skin Sciences, Inc. (a) | 18,623 | 25,886 | |
Surgalign Holdings, Inc. (a) | 600,520 | 912,790 | |
SurModics, Inc. (a) | 75,149 | 4,514,200 | |
Tactile Systems Technology, Inc. (a)(b) | 105,165 | 4,677,739 | |
Talis Biomedical Corp. (b) | 80,938 | 652,360 | |
Tandem Diabetes Care, Inc. (a) | 340,629 | 38,208,355 | |
Tela Bio, Inc. (a) | 40,948 | 536,419 | |
Thermogenesis Holdings, Inc. (a)(b) | 31,919 | 78,202 | |
TransMedics Group, Inc. (a) | 136,225 | 4,451,833 | |
Treace Medical Concepts, Inc. (a) | 60,757 | 1,534,114 | |
Utah Medical Products, Inc. | 17,926 | 1,588,244 | |
Vapotherm, Inc. (a)(b) | 116,400 | 3,218,460 | |
Varex Imaging Corp. (a)(b) | 210,634 | 6,144,194 | |
Venus Concept, Inc. (a)(b) | 101,394 | 231,178 | |
ViewRay, Inc. (a)(b) | 667,244 | 4,030,154 | |
Viveve Medical, Inc. (a) | 42,089 | 117,007 | |
VolitionRx Ltd. (a)(b) | 177,262 | 584,965 | |
Xtant Medical Holdings, Inc. (a)(b) | 21,204 | 26,717 | |
Zomedica Corp. (a)(b) | 5,273,030 | 3,363,139 | |
Zosano Pharma Corp. (a)(b) | 554,505 | 391,758 | |
Zynex, Inc. (a)(b) | 115,473 | 1,548,493 | |
1,124,739,824 | |||
Health Care Providers & Services - 1.8% | |||
1Life Healthcare, Inc. (a) | 424,571 | 10,406,235 | |
Acadia Healthcare Co., Inc. (a) | 487,221 | 32,215,053 | |
Accolade, Inc. (a) | 88,407 | 4,188,724 | |
AdaptHealth Corp. (a) | 517,323 | 12,436,445 | |
Addus HomeCare Corp. (a) | 80,958 | 7,279,743 | |
Agiliti, Inc. (a)(b) | 145,282 | 3,098,865 | |
agilon health, Inc. (a)(b) | 252,374 | 8,833,090 | |
Alignment Healthcare, Inc. (a) | 156,629 | 2,767,634 | |
Amedisys, Inc. (a) | 176,175 | 32,319,304 | |
American Shared Hospital Services (a)(b) | 6,067 | 17,291 | |
AMN Healthcare Services, Inc. (a) | 256,325 | 29,098,014 | |
Apollo Medical Holdings, Inc. (a)(b) | 73,465 | 5,576,728 | |
Apria, Inc. | 47,139 | 1,681,448 | |
Avalon GloboCare Corp. (a) | 79,072 | 83,026 | |
Aveanna Healthcare Holdings, Inc. (a) | 204,864 | 1,933,916 | |
Biodesix, Inc. (a)(b) | 23,100 | 208,362 | |
Brookdale Senior Living, Inc. (a) | 983,395 | 7,178,784 | |
Caladrius Biosciences, Inc. (a)(b) | 237,650 | 311,322 | |
Capital Senior Living Corp. (a)(b) | 10,171 | 375,106 | |
Castle Biosciences, Inc. (a)(b) | 100,390 | 7,702,925 | |
Chemed Corp. | 86,088 | 41,038,150 | |
Clover Health Investments Corp. (a)(b) | 595,465 | 5,109,090 | |
Community Health Systems, Inc. (a) | 672,008 | 8,272,418 | |
Corvel Corp. (a) | 49,249 | 8,116,728 | |
Covetrus, Inc. (a) | 537,699 | 12,146,620 | |
Cross Country Healthcare, Inc. (a) | 187,030 | 4,067,903 | |
CynergisTek, Inc. (a)(b) | 41,044 | 76,752 | |
Encompass Health Corp. | 539,508 | 42,324,403 | |
Enzo Biochem, Inc. (a)(b) | 226,153 | 827,720 | |
Exagen, Inc. (a) | 40,861 | 576,140 | |
Five Star Senior Living, Inc. (a) | 98,753 | 459,201 | |
Fulgent Genetics, Inc. (a)(b) | 96,858 | 8,837,324 | |
Great Elm Group, Inc. (a) | 109,690 | 259,965 | |
Guardant Health, Inc. (a) | 465,674 | 59,266,330 | |
Hanger, Inc. (a) | 210,087 | 5,016,878 | |
HealthEquity, Inc. (a) | 451,407 | 28,966,787 | |
Hims & Hers Health, Inc. (a)(b) | 361,328 | 2,847,265 | |
IMAC Holdings, Inc. (a) | 116,277 | 181,392 | |
InfuSystems Holdings, Inc. (a) | 92,084 | 1,312,197 | |
Innovage Holding Corp. (a) | 93,355 | 1,403,126 | |
LHC Group, Inc. (a) | 171,723 | 32,070,987 | |
Magellan Health Services, Inc. (a) | 126,611 | 11,979,933 | |
MEDNAX, Inc. (a)(b) | 463,400 | 14,879,774 | |
Modivcare, Inc. (a) | 66,483 | 13,114,437 | |
Molina Healthcare, Inc. (a) | 316,555 | 85,080,487 | |
National Healthcare Corp. | 66,771 | 4,931,038 | |
National Research Corp. Class A | 73,850 | 3,987,900 | |
Novo Integrated Sciences, Inc. (a)(b) | 7,731 | 14,070 | |
Ontrak, Inc. (a)(b) | 46,607 | 564,877 | |
Option Care Health, Inc. (a) | 650,897 | 17,411,495 | |
Owens & Minor, Inc. | 407,201 | 15,180,453 | |
Patterson Companies, Inc. | 474,698 | 14,544,747 | |
Pennant Group, Inc. (a) | 136,261 | 4,165,499 | |
PetIQ, Inc. Class A (a)(b) | 128,261 | 3,328,373 | |
Precipio, Inc. (a)(b) | 127,102 | 428,334 | |
Premier, Inc. | 379,053 | 14,093,191 | |
Privia Health Group, Inc. (a)(b) | 110,593 | 3,296,777 | |
Progenity, Inc. (a)(b) | 139,102 | 123,759 | |
Progyny, Inc. (a) | 204,587 | 11,430,276 | |
Psychemedics Corp. (a) | 24,117 | 197,518 | |
R1 RCM, Inc. (a) | 749,235 | 14,774,914 | |
RadNet, Inc. (a) | 235,416 | 7,394,417 | |
Regional Health Properties, Inc. (a) | 11,042 | 123,560 | |
Select Medical Holdings Corp. | 583,498 | 20,171,526 | |
Sharps Compliance Corp. (a) | 66,241 | 595,507 | |
Signify Health, Inc. (b) | 126,947 | 3,299,353 | |
SOC Telemed, Inc. Class A (a)(b) | 324,588 | 879,633 | |
Star Equity Holdings, Inc. (a)(b) | 26,286 | 75,704 | |
SunLink Health Systems, Inc. (a)(b) | 29,199 | 77,377 | |
Surgery Partners, Inc. (a) | 164,085 | 8,072,982 | |
Tenet Healthcare Corp. (a) | 579,262 | 43,647,392 | |
The Ensign Group, Inc. | 280,073 | 22,873,562 | |
The Joint Corp. (a) | 71,351 | 7,289,932 | |
Tivity Health, Inc. (a) | 199,679 | 4,642,537 | |
Triple-S Management Corp. (a)(b) | 129,980 | 4,614,290 | |
U.S. Physical Therapy, Inc. | 69,442 | 8,152,491 | |
Vivos Therapeutics, Inc. (b) | 32,618 | 171,571 | |
796,499,077 | |||
Health Care Technology - 1.4% | |||
Allscripts Healthcare Solutions, Inc. (a)(b) | 759,770 | 11,670,067 | |
American Well Corp. | 308,578 | 3,304,870 | |
CareCloud, Inc. (a)(b) | 42,621 | 357,164 | |
Castlight Health, Inc. Class B (a) | 501,459 | 907,641 | |
Certara, Inc. | 222,053 | 7,454,319 | |
Change Healthcare, Inc. (a) | 1,258,665 | 27,476,657 | |
Computer Programs & Systems, Inc. | 68,420 | 2,433,699 | |
Evolent Health, Inc. (a)(b) | 426,414 | 10,472,728 | |
Forian, Inc. (a)(b) | 98,454 | 1,202,123 | |
GoodRx Holdings, Inc. (b) | 339,264 | 12,898,817 | |
Health Catalyst, Inc. (a)(b) | 202,636 | 11,065,952 | |
HealthStream, Inc. (a) | 133,925 | 4,069,981 | |
HTG Molecular Diagnostics (a)(b) | 29,428 | 200,110 | |
iCAD, Inc. (a) | 119,017 | 1,435,345 | |
Inovalon Holdings, Inc. Class A (a) | 423,263 | 17,290,294 | |
Inspire Medical Systems, Inc. (a) | 148,108 | 33,111,024 | |
MultiPlan Corp. Class A (a)(b) | 1,424,066 | 8,544,396 | |
NantHealth, Inc. (a)(b) | 235,646 | 518,421 | |
Nextgen Healthcare, Inc. (a) | 297,042 | 4,532,861 | |
Omnicell, Inc. (a) | 234,496 | 36,410,194 | |
OptimizeRx Corp. (a)(b) | 76,191 | 5,042,320 | |
Phreesia, Inc. (a) | 198,930 | 14,233,442 | |
Schrodinger, Inc. (a) | 198,806 | 11,866,730 | |
SCWorx, Corp. (a)(b) | 37,411 | 113,355 | |
Simulations Plus, Inc. (b) | 82,121 | 3,637,960 | |
Streamline Health Solutions, Inc. (a)(b) | 200,599 | 347,036 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 126,033 | 3,946,093 | |
Teladoc Health, Inc. (a)(b) | 708,877 | 102,376,016 | |
Veeva Systems, Inc. Class A (a) | 747,783 | 248,249,000 | |
Vocera Communications, Inc. (a) | 189,396 | 9,183,812 | |
594,352,427 | |||
Life Sciences Tools & Services - 1.2% | |||
10X Genomics, Inc. (a) | 400,730 | 70,496,422 | |
Adaptive Biotechnologies Corp. (a) | 460,729 | 16,733,677 | |
Akoya Biosciences, Inc. (a) | 34,995 | 558,870 | |
Applied DNA Sciences, Inc. (a)(b) | 32,908 | 192,841 | |
Avantor, Inc. (a) | 2,809,086 | 110,790,352 | |
Berkeley Lights, Inc. (a) | 48,872 | 1,737,888 | |
BioNano Genomics, Inc. (a)(b) | 1,521,818 | 8,872,199 | |
Bruker Corp. | 550,561 | 48,620,042 | |
Champions Oncology, Inc. (a) | 21,383 | 207,201 | |
ChromaDex, Inc. (a)(b) | 284,669 | 2,428,227 | |
Codexis, Inc. (a) | 304,709 | 8,233,237 | |
Fluidigm Corp. (a)(b) | 395,951 | 2,854,807 | |
Harvard Bioscience, Inc. (a) | 192,774 | 1,592,313 | |
Inotiv, Inc. (a)(b) | 55,784 | 1,452,058 | |
Maravai LifeSciences Holdings, Inc. | 525,605 | 31,105,304 | |
Medpace Holdings, Inc. (a) | 150,298 | 27,406,840 | |
Nanostring Technologies, Inc. (a) | 244,307 | 14,218,667 | |
NeoGenomics, Inc. (a)(b) | 639,127 | 31,074,355 | |
Pacific Biosciences of California, Inc. (a) | 1,072,909 | 33,592,781 | |
Personalis, Inc. (a)(b) | 148,016 | 3,134,979 | |
PPD, Inc. (a) | 593,513 | 27,485,587 | |
Quanterix Corp. (a) | 146,925 | 7,500,521 | |
Seer, Inc. (b) | 73,489 | 2,938,090 | |
Sotera Health Co. | 402,240 | 9,838,790 | |
Syneos Health, Inc. (a) | 548,170 | 50,859,213 | |
513,925,261 | |||
Pharmaceuticals - 1.0% | |||
9 Meters Biopharma, Inc. (a)(b) | 1,090,784 | 1,418,019 | |
Aadi Bioscience, Inc. (a)(b) | 16,862 | 439,255 | |
Aadi Bioscience, Inc. rights (a)(c) | 252,937 | 5,059 | |
AcelRx Pharmaceuticals, Inc. (a) | 625,745 | 700,834 | |
Acer Therapeutics, Inc. (a)(b) | 37,798 | 99,409 | |
Aclaris Therapeutics, Inc. (a)(b) | 238,523 | 3,866,458 | |
Adamis Pharmaceuticals Corp. (a)(b) | 799,227 | 871,157 | |
Adial Pharmaceuticals, Inc. (a)(b) | 56,554 | 231,871 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 250,430 | 3,733,911 | |
Agile Therapeutics, Inc. (a)(b) | 422,512 | 490,114 | |
Alimera Sciences, Inc. (a)(b) | 14,283 | 85,555 | |
Amneal Pharmaceuticals, Inc. (a) | 619,730 | 3,495,277 | |
Amphastar Pharmaceuticals, Inc. (a)(b) | 194,706 | 3,827,920 | |
Ampio Pharmaceuticals, Inc. (a)(b) | 943,799 | 1,547,830 | |
Angion Biomedica Corp. (b) | 27,486 | 302,621 | |
ANI Pharmaceuticals, Inc. (a)(b) | 54,753 | 1,660,658 | |
Antares Pharma, Inc. (a) | 862,712 | 3,399,085 | |
Aquestive Therapeutics, Inc. (a)(b) | 114,310 | 523,540 | |
Artelo Biosciences, Inc. (a)(b) | 102,579 | 93,439 | |
Arvinas Holding Co. LLC (a) | 178,497 | 15,388,226 | |
Assertio Holdings, Inc. (a)(b) | 199,176 | 213,118 | |
AstraZeneca PLC rights (a)(c) | 21,542 | 0 | |
Atea Pharmaceuticals, Inc. | 66,743 | 1,983,602 | |
Athira Pharma, Inc. (b) | 101,310 | 1,072,873 | |
Avalo Therapeutics, Inc. (a)(b) | 496,225 | 1,538,298 | |
Avenue Therapeutics, Inc. (a)(b) | 52,950 | 95,840 | |
Axsome Therapeutics, Inc. (a)(b) | 134,171 | 3,445,511 | |
Aytu BioScience, Inc. (a)(b) | 180,505 | 685,919 | |
Baudax Bio, Inc. (a)(b) | 336,744 | 212,149 | |
Biodelivery Sciences International, Inc. (a)(b) | 543,263 | 2,096,995 | |
Cara Therapeutics, Inc. (a)(b) | 246,940 | 3,896,713 | |
Cassava Sciences, Inc. (a)(b) | 199,049 | 11,315,936 | |
Citius Pharmaceuticals, Inc. (a)(b) | 727,654 | 1,637,222 | |
Clearside Biomedical, Inc. (a)(b) | 302,668 | 2,085,383 | |
Clever Leaves Holdings, Inc. (a)(b) | 89,476 | 828,548 | |
CNS Pharmaceuticals, Inc. (a)(b) | 65,642 | 111,591 | |
Cocrystal Pharma, Inc. (a)(b) | 550,729 | 644,353 | |
Collegium Pharmaceutical, Inc. (a)(b) | 191,019 | 3,921,620 | |
Corcept Therapeutics, Inc. (a) | 573,644 | 12,207,144 | |
CorMedix, Inc. (a)(b) | 201,301 | 1,300,404 | |
Cumberland Pharmaceuticals, Inc. (a) | 33,008 | 95,063 | |
CymaBay Therapeutics, Inc. (a)(b) | 334,951 | 1,326,406 | |
Durect Corp. (a)(b) | 1,208,731 | 1,680,136 | |
Edgewise Therapeutics, Inc. (a) | 61,912 | 980,686 | |
Elanco Animal Health, Inc. (a) | 2,554,239 | 85,260,498 | |
Elanco Animal Health, Inc. rights (a)(c) | 223,265 | 2 | |
Eloxx Pharmaceuticals, Inc. (a)(b) | 366,693 | 594,043 | |
Endo International PLC (a) | 1,223,090 | 2,800,876 | |
Enveric Biosciences, Inc. (a)(b) | 69,876 | 139,053 | |
Esperion Therapeutics, Inc. (a)(b) | 169,203 | 2,203,023 | |
Eton Pharmaceuticals, Inc. (a)(b) | 95,339 | 502,437 | |
Evofem Biosciences, Inc. (a)(b) | 891,266 | 790,553 | |
Evoke Pharma, Inc. (a)(b) | 143,668 | 168,092 | |
Evolus, Inc. (a)(b) | 188,798 | 2,001,259 | |
EyeGate Pharmaceuticals, Inc. (a) | 12,656 | 23,287 | |
Eyenovia, Inc. (a)(b) | 96,596 | 531,278 | |
Eyepoint Pharmaceuticals, Inc. (a)(b) | 101,023 | 1,105,192 | |
Fulcrum Therapeutics, Inc. (a)(b) | 104,019 | 3,089,364 | |
Graybug Vision, Inc. (b) | 43,793 | 191,813 | |
Harrow Health, Inc.(a)(b) | 130,967 | 1,388,250 | |
Hepion Pharmaceuticals, Inc. (a)(b) | 406,449 | 654,383 | |
Hoth Therapeutics, Inc. (a)(b) | 65,441 | 89,000 | |
Ikena Oncology, Inc. (a) | 46,609 | 599,858 | |
IMARA, Inc. (a) | 23,274 | 111,482 | |
Innoviva, Inc. (a)(b) | 352,327 | 5,376,510 | |
Intra-Cellular Therapies, Inc. (a) | 383,972 | 12,747,870 | |
Jaguar Health, Inc. (a)(b) | 648,823 | 778,588 | |
Jazz Pharmaceuticals PLC (a) | 323,421 | 42,597,780 | |
Kala Pharmaceuticals, Inc. (a)(b) | 262,514 | 887,297 | |
Kaleido Biosciences, Inc. (a)(b) | 113,435 | 696,491 | |
KemPharm, Inc. (a)(b) | 156,894 | 1,459,114 | |
Landos Biopharma, Inc. | 35,757 | 474,853 | |
Lannett Co., Inc. (a)(b) | 231,766 | 815,816 | |
Lexaria Bioscience Corp. (a)(b) | 40,472 | 251,736 | |
Lipocine, Inc. (a)(b) | 494,606 | 647,934 | |
Liquidia Technologies, Inc. (a) | 188,689 | 503,800 | |
Longboard Pharmaceuticals, Inc. (a) | 2,458 | 23,056 | |
Lyra Therapeutics, Inc. (a)(b) | 22,305 | 159,258 | |
Marinus Pharmaceuticals, Inc. (a)(b) | 177,179 | 2,189,932 | |
MyMD Pharmaceuticals, Inc. (a)(b) | 185,656 | 1,206,764 | |
Nektar Therapeutics (a)(b) | 997,142 | 15,435,758 | |
NGM Biopharmaceuticals, Inc. (a) | 137,453 | 3,000,599 | |
NovaBay Pharmaceuticals, Inc. (a)(b) | 142,533 | 95,953 | |
Novan, Inc. (a)(b) | 83,415 | 799,950 | |
Nuvation Bio, Inc. (a)(b) | 357,759 | 3,302,116 | |
Ocular Therapeutix, Inc. (a) | 415,114 | 4,383,604 | |
Ocuphire Pharma, Inc. (a)(b) | 27,466 | 122,224 | |
Ocuphire Pharma, Inc. rights (a)(c) | 5,723 | 5,208 | |
Odonate Therapeutics, Inc. (a) | 160,571 | 557,181 | |
Omeros Corp. (a)(b) | 347,659 | 5,666,842 | |
Onconova Therapeutics, Inc. (a)(b) | 84,991 | 453,002 | |
Opiant Pharmaceuticals, Inc. (a) | 31,849 | 553,217 | |
OptiNose, Inc. (a)(b) | 193,637 | 563,484 | |
Osmotica Pharmaceuticals PLC (a)(b) | 81,171 | 285,722 | |
Otonomy, Inc. (a) | 259,893 | 405,433 | |
Pacira Biosciences, Inc. (a) | 236,802 | 14,039,991 | |
Palisade Bio, Inc. (a)(b) | 61,589 | 173,065 | |
Palisade Bio, Inc. rights (a)(c) | 117,971 | 1 | |
Paratek Pharmaceuticals, Inc. (a)(b) | 216,959 | 1,206,292 | |
Petros Pharmaceuticals, Inc. (a)(b) | 15,165 | 34,121 | |
Phathom Pharmaceuticals, Inc. (a) | 69,511 | 2,473,896 | |
Phibro Animal Health Corp. Class A | 107,021 | 2,599,540 | |
Pliant Therapeutics, Inc. (a)(b) | 49,449 | 901,950 | |
PLx Pharma PLC (a)(b) | 122,448 | 2,168,554 | |
Prestige Brands Holdings, Inc. (a) | 264,909 | 15,203,128 | |
Processa Pharmaceuticals, Inc. (b) | 31,755 | 207,043 | |
ProPhase Labs, Inc. (b) | 66,592 | 356,933 | |
Provention Bio, Inc. (a)(b) | 310,053 | 2,080,456 | |
Pulmatrix, Inc. (a)(b) | 286,163 | 234,625 | |
Rain Therapeutics, Inc. (a)(b) | 40,856 | 716,206 | |
Reata Pharmaceuticals, Inc. (a)(b) | 144,922 | 15,435,642 | |
Relmada Therapeutics, Inc. (a) | 73,654 | 1,761,067 | |
Revance Therapeutics, Inc. (a)(b) | 359,493 | 9,627,223 | |
Reviva Pharmaceuticals Holdings, Inc. (a)(b) | 57,788 | 254,267 | |
Royalty Pharma PLC | 468,064 | 18,090,674 | |
Satsuma Pharmaceuticals, Inc. (a) | 55,218 | 272,225 | |
scPharmaceuticals, Inc. (a)(b) | 31,175 | 195,467 | |
SCYNEXIS, Inc. (a)(b) | 103,308 | 673,568 | |
Seelos Therapeutics, Inc. (a) | 486,252 | 1,069,754 | |
Seelos Therapeutics, Inc. rights (a)(b)(c) | 3,233 | 0 | |
SenesTech, Inc. (a) | 82,452 | 142,642 | |
SIGA Technologies, Inc. (a) | 228,234 | 1,490,368 | |
Sonoma Pharmaceuticals, Inc. (a) | 30,154 | 191,176 | |
Strongbridge Biopharma PLC (a) | 264,044 | 594,099 | |
Supernus Pharmaceuticals, Inc. (a) | 283,194 | 7,796,331 | |
Tarsus Pharmaceuticals, Inc. (a)(b) | 30,571 | 810,132 | |
Teligent, Inc. (a) | 438,829 | 174,127 | |
Terns Pharmaceuticals, Inc. | 41,630 | 560,340 | |
TFF Pharmaceuticals, Inc. (a)(b) | 75,686 | 652,413 | |
TherapeuticsMD, Inc. (a)(b) | 1,683,712 | 1,338,551 | |
Theravance Biopharma, Inc. (a)(b) | 268,455 | 2,228,177 | |
Timber Pharmaceuticals, Inc. (a)(b) | 163,593 | 150,898 | |
Titan Pharmaceuticals, Inc. (a)(b) | 31,133 | 69,738 | |
Trevi Therapeutics, Inc. (a)(b) | 34,789 | 57,750 | |
Tricida, Inc. (a)(b) | 156,859 | 680,768 | |
Vallon Pharamceuticals, Inc. (b) | 8,299 | 58,342 | |
Verrica Pharmaceuticals, Inc. (a)(b) | 66,673 | 746,738 | |
Virpax Pharmaceuticals, Inc. (b) | 7,566 | 144,511 | |
Vyne Therapeutics, Inc. (a)(b) | 274,455 | 466,574 | |
WAVE Life Sciences (a)(b) | 185,354 | 1,173,291 | |
Xeris Pharmaceuticals, Inc. (a)(b) | 373,711 | 1,031,442 | |
Zogenix, Inc. (a)(b) | 318,547 | 4,717,681 | |
Zynerba Pharmaceuticals, Inc. (a)(b) | 199,886 | 885,495 | |
420,183,855 | |||
TOTAL HEALTH CARE | 6,099,225,474 | ||
INDUSTRIALS - 13.3% | |||
Aerospace & Defense - 0.9% | |||
AAR Corp. (a) | 176,375 | 5,970,294 | |
Aerojet Rocketdyne Holdings, Inc. | 406,330 | 16,870,822 | |
AeroVironment, Inc. (a)(b) | 121,002 | 12,385,765 | |
AerSale Corp. (a)(b) | 51,467 | 696,349 | |
Air Industries Group, Inc. (a)(b) | 122,976 | 146,341 | |
Astronics Corp. (a) | 138,465 | 1,849,892 | |
Astrotech Corp. (a)(b) | 272,628 | 302,617 | |
Axon Enterprise, Inc. (a) | 350,306 | 63,710,152 | |
BWX Technologies, Inc. | 514,205 | 29,530,793 | |
Byrna Technologies, Inc. (a) | 73,422 | 2,149,796 | |
CPI Aerostructures, Inc. (a) | 51,114 | 161,520 | |
Curtiss-Wright Corp. | 223,061 | 27,164,369 | |
Ducommun, Inc. (a) | 63,170 | 3,329,059 | |
HEICO Corp. | 245,232 | 31,100,322 | |
HEICO Corp. Class A | 381,215 | 43,550,002 | |
Hexcel Corp. (a)(b) | 449,665 | 25,500,502 | |
Innovative Solutions & Support, Inc. | 36,030 | 254,732 | |
Kaman Corp. | 154,117 | 6,022,892 | |
Kratos Defense & Security Solutions, Inc. (a) | 677,741 | 16,753,758 | |
Maxar Technologies, Inc. | 385,831 | 12,265,567 | |
Mercury Systems, Inc. (a) | 306,583 | 15,445,652 | |
Moog, Inc. Class A | 158,443 | 12,586,712 | |
National Presto Industries, Inc. | 28,066 | 2,344,634 | |
PAE, Inc. (a) | 356,734 | 2,386,550 | |
Park Aerospace Corp. | 101,259 | 1,476,356 | |
Parsons Corp. (a) | 124,881 | 4,424,534 | |
SIFCO Industries, Inc. (a) | 15,860 | 127,832 | |
Sigma Labs, Inc. (a)(b) | 60,304 | 205,637 | |
Spirit AeroSystems Holdings, Inc. Class A | 569,957 | 22,365,113 | |
Triumph Group, Inc. (a) | 328,475 | 6,063,649 | |
Vectrus, Inc. (a) | 62,824 | 3,160,675 | |
Virgin Galactic Holdings, Inc. (a)(b) | 713,538 | 19,344,015 | |
VirTra, Inc. (a)(b) | 51,177 | 419,140 | |
390,066,043 | |||
Air Freight & Logistics - 0.2% | |||
Air T, Inc. (a) | 7,056 | 242,091 | |
Air Transport Services Group, Inc. (a) | 336,695 | 9,222,076 | |
Atlas Air Worldwide Holdings, Inc. (a) | 149,085 | 10,908,549 | |
Echo Global Logistics, Inc. (a) | 153,901 | 5,060,265 | |
Forward Air Corp. | 151,136 | 13,325,661 | |
GXO Logistics, Inc. (a) | 550,578 | 45,031,775 | |
Hub Group, Inc. Class A (a) | 188,015 | 13,198,653 | |
Radiant Logistics, Inc. (a) | 241,462 | 1,654,015 | |
98,643,085 | |||
Airlines - 0.2% | |||
Allegiant Travel Co. (a) | 79,842 | 15,364,794 | |
Blade Air Mobility, Inc. (a)(b) | 249,029 | 2,119,237 | |
Frontier Group Holdings, Inc. (a) | 163,695 | 2,509,444 | |
Hawaiian Holdings, Inc. (a) | 279,276 | 5,646,961 | |
JetBlue Airways Corp. (a) | 1,683,677 | 25,474,033 | |
Mesa Air Group, Inc. (a) | 179,438 | 1,431,915 | |
SkyWest, Inc. (a) | 279,321 | 13,030,325 | |
Spirit Airlines, Inc. (a) | 577,002 | 14,153,859 | |
Sun Country Airlines Holdings, Inc. (a)(b) | 120,210 | 3,893,602 | |
83,624,170 | |||
Building Products - 1.4% | |||
AAON, Inc. | 223,559 | 15,226,603 | |
Advanced Drain Systems, Inc. | 271,991 | 31,047,773 | |
Alpha PRO Tech Ltd. (a)(b) | 60,418 | 488,177 | |
American Woodmark Corp. (a) | 92,709 | 6,532,276 | |
Apogee Enterprises, Inc. (b) | 137,219 | 5,897,673 | |
Applied UV, Inc. | 21,822 | 151,445 | |
Armstrong Flooring, Inc. (a) | 116,215 | 409,077 | |
Armstrong World Industries, Inc. | 258,644 | 26,880,871 | |
Builders FirstSource, Inc. (a) | 1,121,189 | 59,748,162 | |
Carlisle Companies, Inc. | 282,949 | 59,628,672 | |
Cornerstone Building Brands, Inc. (a) | 229,797 | 3,819,226 | |
CSW Industrials, Inc. (b) | 75,225 | 9,989,128 | |
Gibraltar Industries, Inc. (a) | 178,122 | 13,298,589 | |
Griffon Corp. | 248,581 | 6,015,660 | |
Insteel Industries, Inc. | 104,603 | 3,870,311 | |
Jeld-Wen Holding, Inc. (a) | 497,242 | 13,694,045 | |
Lennox International, Inc. | 185,771 | 62,266,724 | |
Masonite International Corp. (a) | 133,547 | 15,982,905 | |
Owens Corning | 564,203 | 53,909,597 | |
PGT Innovations, Inc. (a) | 331,174 | 7,030,824 | |
Quanex Building Products Corp. | 182,047 | 4,289,027 | |
Resideo Technologies, Inc. (a) | 781,649 | 25,200,364 | |
Simpson Manufacturing Co. Ltd. | 237,248 | 26,844,611 | |
Tecnoglass, Inc. | 104,943 | 2,398,997 | |
The AZEK Co., Inc. (a) | 761,858 | 32,371,346 | |
Trex Co., Inc. (a) | 626,078 | 68,718,321 | |
UFP Industries, Inc. | 336,028 | 25,228,982 | |
View, Inc. Class A (a)(b) | 327,061 | 1,638,576 | |
582,577,962 | |||
Commercial Services & Supplies - 1.0% | |||
ABM Industries, Inc. | 364,115 | 18,030,975 | |
ACCO Brands Corp. | 498,394 | 4,669,952 | |
Acme United Corp. | 17,168 | 694,102 | |
ACV Auctions, Inc. Class A (a) | 108,226 | 2,208,893 | |
ADT, Inc. (b) | 832,470 | 7,125,943 | |
Aqua Metals, Inc. (a)(b) | 361,018 | 859,223 | |
ARC Document Solutions, Inc. | 187,614 | 530,948 | |
Avalon Holdings Corp. Class A (a)(b) | 10,366 | 45,818 | |
BioHiTech Global, Inc. (a)(b) | 110,852 | 155,193 | |
Brady Corp. Class A | 269,030 | 14,347,370 | |
BrightView Holdings, Inc. (a)(b) | 175,909 | 2,696,685 | |
Casella Waste Systems, Inc. Class A (a) | 264,457 | 19,567,173 | |
CECO Environmental Corp. (a) | 170,545 | 1,287,615 | |
Charah Solutions, Inc. (a)(b) | 48,875 | 225,803 | |
Cimpress PLC (a) | 106,267 | 10,093,240 | |
Clean Harbors, Inc. (a) | 275,019 | 28,222,450 | |
CompX International, Inc. Class A | 1,956 | 44,968 | |
CoreCivic, Inc. (a) | 550,524 | 5,351,093 | |
Covanta Holding Corp. | 648,957 | 13,011,588 | |
Deluxe Corp. | 226,609 | 8,690,455 | |
Document Security Systems, Inc. (a) | 239,751 | 290,099 | |
Driven Brands Holdings, Inc. | 238,840 | 7,136,539 | |
Ennis, Inc. | 139,309 | 2,703,988 | |
Fuel Tech, Inc. (a) | 101,005 | 188,879 | |
Harsco Corp. (a) | 437,202 | 7,974,564 | |
Healthcare Services Group, Inc. | 403,627 | 10,558,882 | |
Heritage-Crystal Clean, Inc. (a) | 86,535 | 2,556,244 | |
Herman Miller, Inc. | 401,505 | 16,875,255 | |
HNI Corp. | 232,900 | 8,824,581 | |
IAA, Inc. (a) | 727,756 | 38,658,399 | |
Interface, Inc. | 317,355 | 4,563,565 | |
JanOne, Inc. (a)(b) | 13,288 | 86,771 | |
KAR Auction Services, Inc. (a) | 681,492 | 11,524,030 | |
Kimball International, Inc. Class B | 202,576 | 2,526,123 | |
Matthews International Corp. Class A | 169,203 | 6,265,587 | |
Montrose Environmental Group, Inc. (a) | 78,382 | 3,919,100 | |
MSA Safety, Inc. | 199,522 | 32,490,162 | |
NL Industries, Inc. | 22,130 | 151,369 | |
Odyssey Marine Exploration, Inc. (a)(b) | 34,805 | 193,168 | |
Performant Financial Corp. (a) | 204,433 | 883,151 | |
Perma-Fix Environmental Services, Inc. (a) | 23,883 | 137,805 | |
Pitney Bowes, Inc. | 940,032 | 7,022,039 | |
Quad/Graphics, Inc. (a) | 210,202 | 870,236 | |
Quest Resource Holding Corp. (a) | 62,210 | 414,319 | |
R.R. Donnelley & Sons Co. (a) | 384,949 | 1,890,100 | |
Recycling Asset Holdings, Inc. (a)(c) | 12,605 | 441 | |
SP Plus Corp. (a) | 125,202 | 4,055,293 | |
Steelcase, Inc. Class A | 481,237 | 6,780,629 | |
Stericycle, Inc. (a) | 496,850 | 34,580,760 | |
Team, Inc. (a)(b) | 173,879 | 778,978 | |
Tetra Tech, Inc. | 293,801 | 42,260,336 | |
The Brink's Co. | 271,558 | 21,224,973 | |
TOMI Environmental Solutions, Inc. (a)(b) | 31,140 | 53,872 | |
U.S. Ecology, Inc. (a) | 170,638 | 6,117,372 | |
UniFirst Corp. | 83,314 | 19,084,738 | |
Viad Corp. (a) | 112,768 | 4,870,450 | |
Vidler Water Resouces, Inc. (a) | 107,712 | 1,603,832 | |
Virco Manufacturing Co. (a) | 17,193 | 64,474 | |
VSE Corp. | 55,562 | 2,777,544 | |
Wilhelmina International, Inc. (a) | 28,508 | 171,333 | |
450,989,467 | |||
Construction & Engineering - 0.8% | |||
AECOM (a) | 791,378 | 51,882,742 | |
Ameresco, Inc. Class A (a)(b) | 126,780 | 8,766,837 | |
API Group Corp. (a)(d) | 850,013 | 19,711,801 | |
Arcosa, Inc. | 266,098 | 13,523,100 | |
Argan, Inc. | 79,555 | 3,683,397 | |
Bowman Consulting Group Ltd. (b) | 2,166 | 28,873 | |
Comfort Systems U.S.A., Inc. | 197,426 | 15,000,427 | |
Concrete Pumping Holdings, Inc. (a) | 91,391 | 759,459 | |
Construction Partners, Inc. Class A (a) | 190,732 | 6,383,800 | |
Dycom Industries, Inc. (a) | 167,115 | 12,588,773 | |
EMCOR Group, Inc. | 296,987 | 36,083,921 | |
Fluor Corp. (a)(b) | 670,790 | 11,175,361 | |
FTE Networks, Inc. (a)(b)(c) | 20,228 | 29,937 | |
Granite Construction, Inc. | 250,462 | 10,153,729 | |
Great Lakes Dredge & Dock Corp. (a) | 358,007 | 5,409,486 | |
HC2 Holdings, Inc. (a)(b) | 319,478 | 1,207,627 | |
IES Holdings, Inc. (a) | 113,108 | 5,530,981 | |
Infrastructure and Energy Alternatives, Inc. (a)(b) | 64,057 | 821,851 | |
iSun, Inc. (a)(b) | 32,195 | 262,389 | |
Limbach Holdings, Inc. (a) | 39,718 | 313,772 | |
MasTec, Inc. (a) | 304,317 | 27,826,746 | |
Matrix Service Co. (a) | 141,797 | 1,599,470 | |
MYR Group, Inc. (a) | 91,633 | 9,530,748 | |
Northwest Pipe Co. (a) | 55,665 | 1,442,837 | |
NV5 Global, Inc. (a) | 67,257 | 7,105,702 | |
Orbital Energy Group, Inc. (a)(b) | 182,844 | 625,326 | |
Orion Group Holdings, Inc. (a) | 157,272 | 853,987 | |
Primoris Services Corp. | 278,548 | 7,158,684 | |
SG Blocks, Inc. (a)(b) | 45,746 | 189,846 | |
Sterling Construction Co., Inc. (a) | 155,507 | 3,585,991 | |
Tutor Perini Corp. (a) | 224,920 | 3,243,346 | |
Valmont Industries, Inc. | 115,890 | 28,840,385 | |
Williams Industrial Services G (a)(b) | 95,842 | 472,501 | |
Willscot Mobile Mini Holdings (a) | 1,093,315 | 32,362,124 | |
328,155,956 | |||
Electrical Equipment - 1.3% | |||
Acuity Brands, Inc. | 192,378 | 35,499,512 | |
Advent Technologies Holdings, Inc. Class A (a)(b) | 210,797 | 1,559,898 | |
Allied Motion Technologies, Inc. | 65,475 | 2,262,816 | |
American Superconductor Corp. (a) | 133,159 | 1,984,069 | |
Array Technologies, Inc. | 601,349 | 11,467,725 | |
Atkore, Inc. (a) | 254,657 | 23,624,530 | |
Ault Global Holdings, Inc. (a)(b) | 214,763 | 549,793 | |
AZZ, Inc. | 135,200 | 7,239,960 | |
Babcock & Wilcox Enterprises, Inc. (a) | 381,358 | 2,783,913 | |
Beam Global (a)(b) | 41,139 | 1,281,068 | |
Bloom Energy Corp. Class A (a)(b) | 657,250 | 14,078,295 | |
Broadwind, Inc. (a)(b) | 85,411 | 273,315 | |
Capstone Turbine Corp. (a)(b) | 64,367 | 304,456 | |
ChargePoint Holdings, Inc. Class A (a)(b) | 880,552 | 18,623,675 | |
Encore Wire Corp. | 111,312 | 9,462,633 | |
Energous Corp. (a)(b) | 381,433 | 938,325 | |
Energy Focus, Inc. (a)(b) | 57,851 | 197,850 | |
EnerSys | 230,909 | 19,532,592 | |
Eos Energy Enterprises, Inc. (a)(b) | 192,428 | 2,486,170 | |
Espey Manufacturing & Electronics Corp. | 5,259 | 75,467 | |
Flux Power Holdings, Inc. (b) | 53,845 | 442,606 | |
FTC Solar, Inc. (a) | 103,506 | 1,123,040 | |
FuelCell Energy, Inc. (a)(b) | 1,738,629 | 10,849,045 | |
GrafTech International Ltd. | 863,005 | 9,553,465 | |
Hubbell, Inc. Class B | 292,868 | 60,363,023 | |
Ideal Power, Inc. (a)(b) | 25,690 | 423,885 | |
LSI Industries, Inc. | 140,195 | 1,163,619 | |
Nuvve Holding Corp. (a)(b) | 72,670 | 738,327 | |
nVent Electric PLC | 903,610 | 31,048,040 | |
Ocean Power Technologies, Inc. (a)(b) | 265,456 | 589,312 | |
Orion Energy Systems, Inc. (a) | 149,213 | 678,919 | |
Pioneer Power Solutions, Inc. | 18,727 | 74,908 | |
Plug Power, Inc. (a)(b) | 2,767,122 | 72,111,199 | |
Polar Power, Inc. (a)(b) | 28,935 | 191,260 | |
Powell Industries, Inc. | 48,355 | 1,223,382 | |
Preformed Line Products Co. | 13,401 | 939,678 | |
Regal Beloit Corp. | 218,236 | 32,608,823 | |
Romeo Power, Inc. (a)(b) | 455,464 | 2,218,110 | |
Sensata Technologies, Inc. PLC (a) | 853,710 | 50,522,558 | |
Shoals Technologies Group, Inc. | 501,289 | 16,326,983 | |
Stem, Inc. (a)(b) | 593,889 | 14,841,286 | |
Sunrun, Inc. (a) | 868,553 | 38,433,470 | |
Sunworks, Inc. (a) | 144,321 | 1,088,180 | |
Thermon Group Holdings, Inc. (a) | 183,532 | 3,064,984 | |
TPI Composites, Inc. (a)(b) | 178,161 | 6,469,026 | |
Ultralife Corp. (a)(b) | 93,722 | 767,583 | |
Vertiv Holdings Co. | 1,330,953 | 37,492,946 | |
Vicor Corp. (a) | 117,868 | 14,541,375 | |
Westwater Resources, Inc. (a)(b) | 145,156 | 567,560 | |
564,682,654 | |||
Industrial Conglomerates - 0.0% | |||
Gaucho Group Holdings, Inc. (a)(b) | 99,567 | 339,523 | |
Raven Industries, Inc. | 193,700 | 11,302,395 | |
11,641,918 | |||
Machinery - 3.0% | |||
AGCO Corp. | 334,415 | 46,022,192 | |
AgEagle Aerial Systems, Inc. (a)(b) | 343,232 | 1,215,041 | |
Agrify Corp. (b) | 67,839 | 1,926,628 | |
Alamo Group, Inc. | 53,806 | 8,340,468 | |
Albany International Corp. Class A | 164,836 | 12,911,604 | |
Allison Transmission Holdings, Inc. | 587,203 | 21,714,767 | |
Altra Industrial Motion Corp. | 332,790 | 19,488,182 | |
Art's-Way Manufacturing Co., Inc. (a) | 31,860 | 107,368 | |
Astec Industries, Inc. | 123,823 | 7,570,538 | |
Barnes Group, Inc. | 250,725 | 11,952,061 | |
Blue Bird Corp. (a) | 85,450 | 1,849,993 | |
Chart Industries, Inc. (a)(b) | 192,538 | 36,270,308 | |
Chicago Rivet & Machine Co. | 758 | 19,700 | |
CIRCOR International, Inc. (a) | 109,846 | 3,926,995 | |
Colfax Corp. (a) | 637,898 | 30,727,547 | |
Columbus McKinnon Corp. (NY Shares) | 150,789 | 6,943,833 | |
Commercial Vehicle Group, Inc. (a) | 176,919 | 1,859,419 | |
Crane Co. | 269,118 | 27,388,139 | |
Desktop Metal, Inc. (a)(b) | 780,637 | 6,479,287 | |
Donaldson Co., Inc. | 685,002 | 46,408,886 | |
Douglas Dynamics, Inc. | 120,222 | 4,777,622 | |
Eastern Co. (b) | 29,042 | 790,233 | |
Energy Recovery, Inc. (a)(b) | 221,957 | 4,534,582 | |
Enerpac Tool Group Corp. Class A (b) | 320,176 | 8,055,628 | |
EnPro Industries, Inc. | 110,697 | 9,465,700 | |
ESCO Technologies, Inc. | 139,384 | 12,561,286 | |
Evoqua Water Technologies Corp. (a) | 648,635 | 25,244,874 | |
ExOne Co. (a) | 85,934 | 2,109,680 | |
Federal Signal Corp. | 330,698 | 13,436,260 | |
Flowserve Corp. | 700,756 | 27,238,386 | |
Franklin Electric Co., Inc. | 211,058 | 17,935,709 | |
FreightCar America, Inc. (a)(b) | 62,149 | 328,147 | |
Gates Industrial Corp. PLC (a) | 503,570 | 8,248,477 | |
Gencor Industries, Inc. (a) | 33,984 | 393,535 | |
Gorman-Rupp Co. | 101,860 | 3,572,230 | |
Graco, Inc. | 921,625 | 72,273,833 | |
Graham Corp. | 48,032 | 576,384 | |
Helios Technologies, Inc. | 167,128 | 13,640,987 | |
Hillenbrand, Inc. | 408,854 | 18,979,003 | |
Hurco Companies, Inc. | 30,792 | 1,027,529 | |
Hydrofarm Holdings Group, Inc. (b) | 79,047 | 3,996,616 | |
Hyliion Holdings Corp. Class A (a)(b) | 551,131 | 4,866,487 | |
Hyster-Yale Materials Handling Class A | 52,241 | 3,061,845 | |
ITT, Inc. | 466,771 | 44,655,982 | |
John Bean Technologies Corp. | 171,005 | 24,947,919 | |
Kadant, Inc. | 63,307 | 13,238,760 | |
Kennametal, Inc. | 454,515 | 16,898,868 | |
L.B. Foster Co. Class A (a) | 57,848 | 986,308 | |
Lightning eMotors, Inc. (a)(b) | 152,040 | 1,375,962 | |
Lincoln Electric Holdings, Inc. | 322,788 | 45,064,433 | |
Lindsay Corp. | 60,178 | 9,914,326 | |
LiqTech International, Inc. (a)(b) | 85,306 | 449,563 | |
Lydall, Inc. (a) | 93,866 | 5,817,815 | |
Manitex International, Inc. (a) | 80,512 | 641,681 | |
Manitowoc Co., Inc. (a) | 190,329 | 4,615,478 | |
Mayville Engineering Co., Inc. (a) | 109,909 | 1,639,842 | |
Meritor, Inc. (a) | 394,248 | 9,351,563 | |
Middleby Corp. (a) | 300,992 | 55,063,476 | |
Miller Industries, Inc. | 60,703 | 2,259,366 | |
Mueller Industries, Inc. | 317,272 | 14,153,504 | |
Mueller Water Products, Inc. Class A | 846,421 | 14,067,517 | |
Nikola Corp. (a)(b) | 756,424 | 7,889,502 | |
NN, Inc. (a) | 230,183 | 1,252,196 | |
Nordson Corp. | 292,739 | 69,847,525 | |
Omega Flex, Inc. (b) | 15,810 | 2,403,120 | |
Oshkosh Corp. | 369,178 | 42,300,415 | |
P&F Industries, Inc. Class A (a) | 18,005 | 126,395 | |
Park-Ohio Holdings Corp. | 44,287 | 1,141,719 | |
Perma-Pipe International Holdings, Inc. (a) | 13,179 | 92,517 | |
Proto Labs, Inc. (a)(b) | 151,088 | 11,204,686 | |
RBC Bearings, Inc. (a) | 136,706 | 31,650,173 | |
REV Group, Inc. | 145,335 | 2,363,147 | |
Rexnord Corp. | 648,206 | 39,384,997 | |
SPX Corp. (a) | 250,100 | 15,626,248 | |
SPX Flow, Inc. | 228,747 | 18,420,996 | |
Standex International Corp. | 65,704 | 6,520,465 | |
Taylor Devices, Inc. (a)(b) | 3,749 | 45,288 | |
Tennant Co. | 99,509 | 7,361,676 | |
Terex Corp. | 378,741 | 19,334,728 | |
The Greenbrier Companies, Inc. (b) | 171,705 | 7,572,191 | |
The L.S. Starrett Co. Class A (a) | 20,155 | 148,945 | |
The Shyft Group, Inc. (b) | 177,374 | 7,806,230 | |
Timken Co. | 365,988 | 26,914,758 | |
Titan International, Inc. (a) | 271,862 | 2,259,173 | |
Toro Co. | 580,928 | 63,867,224 | |
TriMas Corp. (a) | 229,325 | 7,363,626 | |
Trinity Industries, Inc. (b) | 423,213 | 12,285,873 | |
Twin Disc, Inc. (a) | 41,187 | 514,838 | |
Urban-Gro, Inc. (a)(b) | 47,426 | 725,618 | |
Wabash National Corp. (b) | 294,678 | 4,579,296 | |
Watts Water Technologies, Inc. Class A | 149,159 | 25,591,210 | |
Welbilt, Inc. (a) | 698,054 | 16,334,464 | |
Woodward, Inc. | 317,510 | 38,399,659 | |
1,306,709,250 | |||
Marine - 0.1% | |||
Eagle Bulk Shipping, Inc. (a)(b) | 71,401 | 3,526,495 | |
Genco Shipping & Trading Ltd. | 161,709 | 3,151,708 | |
Kirby Corp. (a) | 328,023 | 17,578,753 | |
Matson, Inc. | 234,049 | 18,529,659 | |
Pangaea Logistics Solutions Ltd. | 71,968 | 352,643 | |
43,139,258 | |||
Professional Services - 1.9% | |||
Acacia Research Corp. (a)(b) | 259,630 | 1,581,147 | |
ASGN, Inc. (a) | 289,840 | 32,517,150 | |
Atlas Technical Consultants, Inc. (a)(b) | 83,300 | 842,996 | |
Barrett Business Services, Inc. | 40,821 | 3,163,628 | |
BGSF, Inc. | 47,879 | 629,130 | |
Booz Allen Hamilton Holding Corp. Class A | 732,210 | 59,975,321 | |
CACI International, Inc. Class A (a) | 127,212 | 32,762,178 | |
CBIZ, Inc. (a) | 291,151 | 9,931,161 | |
Clarivate Analytics PLC (a)(b) | 1,420,903 | 35,792,547 | |
CoStar Group, Inc. (a) | 2,137,059 | 181,094,380 | |
CRA International, Inc. | 40,616 | 3,776,882 | |
DLH Holdings Corp. (a) | 4,634 | 54,218 | |
Dun & Bradstreet Holdings, Inc. (a) | 737,730 | 13,522,591 | |
Exponent, Inc. | 283,268 | 33,114,029 | |
Forrester Research, Inc. (a) | 61,896 | 2,943,155 | |
Franklin Covey Co. (a) | 55,080 | 2,394,328 | |
FTI Consulting, Inc. (a) | 186,219 | 26,016,656 | |
Gee Group, Inc. (a)(b) | 884,427 | 462,202 | |
GP Strategies Corp. (a) | 73,891 | 1,528,066 | |
Heidrick & Struggles International, Inc. | 104,519 | 4,517,311 | |
Hill International, Inc. (a)(b) | 204,557 | 511,393 | |
Hirequest, Inc. | 25,705 | 476,828 | |
Hudson Global, Inc. (a) | 7,326 | 125,641 | |
Huron Consulting Group, Inc. (a) | 122,737 | 6,059,526 | |
ICF International, Inc. | 92,956 | 8,706,259 | |
Insperity, Inc. | 194,595 | 21,471,612 | |
KBR, Inc. | 765,467 | 29,807,285 | |
Kelly Services, Inc. Class A (non-vtg.) | 176,997 | 3,440,822 | |
Kforce, Inc. | 103,773 | 6,062,419 | |
Korn Ferry | 292,962 | 20,709,484 | |
Manpower, Inc. | 294,142 | 35,714,722 | |
ManTech International Corp. Class A | 150,016 | 11,876,767 | |
Mastech Digital, Inc. (a) | 15,529 | 270,826 | |
MISTRAS Group, Inc. (a) | 94,452 | 1,002,136 | |
RCM Technologies, Inc. (a) | 43,826 | 225,266 | |
Red Violet, Inc. (a)(b) | 39,315 | 1,126,375 | |
Rekor Systems, Inc. (a)(b) | 175,217 | 1,913,370 | |
Resources Connection, Inc. | 164,034 | 2,591,737 | |
Science Applications Internati | 314,908 | 26,524,701 | |
ShiftPixy, Inc. (a)(b) | 123,856 | 182,068 | |
Staffing 360 Solutions, Inc. (a)(b) | 25,895 | 53,344 | |
TransUnion Holding Co., Inc. | 1,037,406 | 126,075,951 | |
TriNet Group, Inc. (a) | 214,639 | 19,763,959 | |
TrueBlue, Inc. (a) | 189,260 | 5,172,476 | |
Upwork, Inc. (a) | 498,754 | 22,299,291 | |
Volt Information Sciences, Inc. (a)(b) | 74,397 | 311,723 | |
Willdan Group, Inc. (a)(b) | 63,332 | 2,394,583 | |
801,489,640 | |||
Road & Rail - 1.6% | |||
AMERCO | 49,037 | 32,420,813 | |
ArcBest Corp. | 139,061 | 9,279,541 | |
Avis Budget Group, Inc. (a)(b) | 279,142 | 25,332,137 | |
Covenant Transport Group, Inc. Class A (a) | 60,101 | 1,464,060 | |
Daseke, Inc. (a)(b) | 331,225 | 3,130,076 | |
Heartland Express, Inc. | 278,309 | 4,670,025 | |
HyreCar, Inc. (a) | 92,509 | 1,039,801 | |
Knight-Swift Transportation Holdings, Inc. Class A | 660,928 | 34,321,991 | |
Landstar System, Inc. | 208,154 | 34,976,117 | |
Lyft, Inc. (a) | 1,387,521 | 66,059,875 | |
Marten Transport Ltd. | 323,086 | 5,036,911 | |
P.A.M. Transportation Services, Inc. | 23,606 | 825,502 | |
Patriot Transportation Holding, Inc. | 5,715 | 70,066 | |
Ryder System, Inc. | 289,161 | 22,985,408 | |
Saia, Inc. (a) | 143,020 | 34,343,393 | |
Schneider National, Inc. Class B | 210,505 | 4,744,783 | |
TuSimple Holdings, Inc. (a)(b) | 181,663 | 7,604,413 | |
U.S. Xpress Enterprises, Inc. (a)(b) | 104,603 | 914,230 | |
U.S.A. Truck, Inc. (a) | 35,507 | 514,852 | |
Uber Technologies, Inc. (a) | 8,005,456 | 313,333,548 | |
Universal Logistics Holdings, Inc. | 41,673 | 911,389 | |
Werner Enterprises, Inc. | 309,974 | 14,618,374 | |
XPO Logistics, Inc. (a) | 550,578 | 47,850,734 | |
Yellow Corp. (a) | 252,432 | 1,537,311 | |
667,985,350 | |||
Trading Companies & Distributors - 0.9% | |||
Air Lease Corp. Class A | 581,805 | 23,120,931 | |
Alta Equipment Group, Inc. (a) | 129,831 | 1,721,559 | |
Applied Industrial Technologies, Inc. | 212,379 | 18,861,379 | |
Beacon Roofing Supply, Inc. (a) | 302,975 | 15,597,153 | |
BlueLinx Corp. (a) | 53,483 | 3,078,481 | |
Boise Cascade Co. | 212,354 | 12,284,679 | |
CAI International, Inc. | 86,545 | 4,843,924 | |
Custom Truck One Source, Inc. Class A (a)(b) | 84,427 | 723,539 | |
DXP Enterprises, Inc. (a) | 95,117 | 2,851,608 | |
EVI Industries, Inc. (a)(b) | 29,054 | 706,593 | |
GATX Corp. | 188,877 | 17,316,243 | |
Global Industrial Co. (b) | 86,803 | 3,341,047 | |
GMS, Inc. (a) | 236,140 | 11,667,677 | |
H&E Equipment Services, Inc. | 169,978 | 5,787,751 | |
Herc Holdings, Inc. (a) | 135,751 | 17,844,469 | |
Hudson Technologies, Inc. (a) | 183,874 | 599,429 | |
Huttig Building Products, Inc. (a)(b) | 106,269 | 622,736 | |
India Globalization Capital, Inc. (a)(b) | 182,638 | 297,700 | |
Karat Packaging, Inc. (a)(b) | 17,160 | 402,745 | |
Lawson Products, Inc. (a)(b) | 46,947 | 2,476,454 | |
McGrath RentCorp. | 130,581 | 9,111,942 | |
MRC Global, Inc. (a) | 319,568 | 2,620,458 | |
MSC Industrial Direct Co., Inc. Class A | 251,013 | 21,137,805 | |
NOW, Inc. (a) | 588,589 | 4,520,364 | |
Rush Enterprises, Inc. Class A | 268,489 | 11,840,365 | |
SiteOne Landscape Supply, Inc. (a) | 240,774 | 48,178,877 | |
Titan Machinery, Inc. (a) | 104,298 | 2,995,439 | |
Transcat, Inc. (a) | 40,113 | 2,718,057 | |
Triton International Ltd. | 360,477 | 19,725,301 | |
Univar, Inc. (a) | 925,550 | 21,852,236 | |
Veritiv Corp. (a) | 66,804 | 5,990,315 | |
Watsco, Inc. | 178,218 | 49,619,456 | |
WESCO International, Inc. (a) | 241,346 | 28,242,309 | |
Willis Lease Finance Corp. (a) | 20,314 | 764,822 | |
373,463,843 | |||
Transportation Infrastructure - 0.0% | |||
Macquarie Infrastructure Co. LLC (a) | 336,377 | 13,404,623 | |
TOTAL INDUSTRIALS | 5,716,573,219 | ||
INFORMATION TECHNOLOGY - 23.0% | |||
Communications Equipment - 0.6% | |||
ADTRAN, Inc. | 259,739 | 5,366,208 | |
Applied Optoelectronics, Inc. (a)(b) | 124,810 | 914,857 | |
Aviat Networks, Inc. (a) | 51,852 | 1,837,635 | |
BK Technologies Corp. | 68,107 | 220,667 | |
CalAmp Corp. (a)(b) | 184,994 | 2,097,832 | |
Calix, Inc. (a) | 307,672 | 14,337,515 | |
Cambium Networks Corp. (a) | 28,921 | 1,083,670 | |
Casa Systems, Inc. (a) | 187,265 | 1,318,346 | |
Ciena Corp. (a) | 836,198 | 47,771,992 | |
Clearfield, Inc. (a)(b) | 60,046 | 2,720,684 | |
ClearOne, Inc. (a)(b) | 68,406 | 177,856 | |
CommScope Holding Co., Inc. (a) | 1,104,013 | 17,443,405 | |
Communications Systems, Inc. (a) | 39,761 | 270,375 | |
COMSovereign Holding Corp. (b) | 206,874 | 430,298 | |
Comtech Telecommunications Corp. | 136,672 | 3,487,869 | |
Digi International, Inc. (a) | 184,149 | 4,047,595 | |
DZS, Inc. (a) | 82,577 | 1,140,388 | |
EchoStar Holding Corp. Class A (a)(b) | 234,918 | 6,342,786 | |
EMCORE Corp. (a) | 162,219 | 1,213,398 | |
Extreme Networks, Inc. (a) | 679,789 | 7,362,115 | |
Franklin Wireless Corp. (a) | 19,716 | 157,728 | |
Genasys, Inc. (a)(b) | 183,710 | 979,174 | |
Harmonic, Inc. (a)(b) | 537,200 | 4,963,728 | |
Infinera Corp. (a)(b) | 1,088,655 | 9,220,908 | |
Inseego Corp. (a)(b) | 377,757 | 3,173,159 | |
KVH Industries, Inc. (a) | 82,919 | 876,454 | |
Lantronix, Inc. (a)(b) | 82,565 | 530,067 | |
Lumentum Holdings, Inc. (a) | 409,569 | 35,485,058 | |
NETGEAR, Inc. (a)(b) | 161,348 | 5,764,964 | |
NetScout Systems, Inc. (a) | 392,850 | 10,771,947 | |
Network-1 Security Solutions, Inc. | 44,887 | 139,599 | |
Ondas Holdings, Inc. (b) | 116,573 | 833,497 | |
Optical Cable Corp. (a) | 11,253 | 39,386 | |
PC-Tel, Inc. | 84,418 | 559,691 | |
Plantronics, Inc. (a) | 207,701 | 6,185,336 | |
Resonant, Inc. (a)(b) | 286,730 | 788,508 | |
Ribbon Communications, Inc. (a) | 643,432 | 4,201,611 | |
Tessco Technologies, Inc. (a) | 29,976 | 184,952 | |
Ubiquiti, Inc. | 41,069 | 13,362,210 | |
ViaSat, Inc. (a)(b) | 370,880 | 19,152,243 | |
Viavi Solutions, Inc. (a)(b) | 1,244,255 | 20,268,914 | |
Vislink Technologies, Inc. (a)(b) | 298,713 | 639,246 | |
257,863,871 | |||
Electronic Equipment & Components - 1.8% | |||
908 Devices, Inc. (b) | 35,790 | 1,288,440 | |
ADDvantage Technologies Group, Inc. (a) | 11,707 | 31,024 | |
Advanced Energy Industries, Inc. | 209,140 | 18,860,245 | |
Aeva Technologies, Inc. (a)(b) | 482,764 | 4,735,915 | |
Airgain, Inc. (a)(b) | 52,010 | 740,102 | |
Akoustis Technologies, Inc. (a)(b) | 238,838 | 2,369,273 | |
AmpliTech Group, Inc. (a)(b) | 70,643 | 262,792 | |
Arlo Technologies, Inc. (a) | 427,517 | 2,650,605 | |
Arrow Electronics, Inc. (a) | 401,939 | 48,723,046 | |
Autoscope Technologies Corp. (b) | 31,401 | 237,078 | |
Avnet, Inc. | 534,694 | 21,633,719 | |
Badger Meter, Inc. | 159,883 | 17,121,870 | |
Bel Fuse, Inc. Class B (non-vtg.) | 60,881 | 859,640 | |
Belden, Inc. | 242,279 | 13,870,473 | |
Benchmark Electronics, Inc. | 193,489 | 5,230,008 | |
Cemtrex, Inc. (a)(b) | 101,564 | 125,939 | |
ClearSign Combustion Corp.(a)(b) | 159,176 | 499,813 | |
Coda Octopus Group, Inc. (a)(b) | 24,005 | 218,686 | |
Cognex Corp. | 957,522 | 84,855,600 | |
Coherent, Inc. (a) | 132,639 | 33,513,896 | |
CPS Technologies Corp. (a)(b) | 45,921 | 268,179 | |
CTS Corp. | 172,970 | 6,067,788 | |
Daktronics, Inc. (a) | 197,468 | 1,202,580 | |
Data I/O Corp. (a) | 27,449 | 154,538 | |
Digital Ally, Inc. (a)(b) | 343,972 | 478,121 | |
Electro-Sensors, Inc. (a)(b) | 12,636 | 64,444 | |
eMagin Corp. (a)(b) | 344,455 | 888,694 | |
ePlus, Inc. (a) | 72,543 | 7,850,603 | |
Fabrinet (a) | 202,555 | 20,867,216 | |
FARO Technologies, Inc. (a) | 97,204 | 6,701,244 | |
Frequency Electronics, Inc. (a) | 20,541 | 222,870 | |
Identiv, Inc. (a)(b) | 114,560 | 2,034,586 | |
IEC Electronics Corp. (a)(b) | 54,502 | 832,246 | |
II-VI, Inc. (a)(b) | 567,582 | 35,746,314 | |
Insight Enterprises, Inc. (a) | 192,389 | 19,794,904 | |
Intellicheck, Inc. (a)(b) | 89,365 | 788,199 | |
Iteris, Inc. (a) | 210,057 | 1,197,325 | |
Itron, Inc. (a) | 246,275 | 20,689,563 | |
Jabil, Inc. | 729,846 | 45,089,886 | |
KEY Tronic Corp. (a) | 29,370 | 204,709 | |
Kimball Electronics, Inc. (a) | 133,746 | 3,232,641 | |
Knowles Corp. (a) | 508,925 | 10,178,500 | |
LGL Group, Inc. (a) | 6,067 | 67,708 | |
LGL Group, Inc. warrants 11/16/25 (a) | 6,067 | 3,277 | |
LightPath Technologies, Inc. Class A (a)(b) | 232,867 | 530,937 | |
Littelfuse, Inc. | 133,654 | 38,144,852 | |
Luna Innovations, Inc. (a) | 162,552 | 1,750,685 | |
Mechanical Technology, Inc. (a)(b) | 32,610 | 325,122 | |
Methode Electronics, Inc. Class A | 210,608 | 9,808,015 | |
MicroVision, Inc. (a)(b) | 855,399 | 12,600,027 | |
MICT, Inc. (a)(b) | 548,695 | 982,164 | |
Napco Security Technolgies, Inc. (a)(b) | 65,292 | 2,554,876 | |
National Instruments Corp. | 709,938 | 29,689,607 | |
Neonode, Inc. (a)(b) | 24,753 | 120,547 | |
nLIGHT, Inc. (a)(b) | 208,322 | 5,751,770 | |
Novanta, Inc. (a) | 191,835 | 29,392,959 | |
OSI Systems, Inc. (a) | 89,043 | 8,809,914 | |
Ouster, Inc. (a)(b) | 379,734 | 3,189,766 | |
Par Technology Corp. (a)(b) | 128,769 | 8,747,278 | |
PC Connection, Inc. | 60,553 | 2,931,371 | |
Plexus Corp. (a) | 156,346 | 14,357,253 | |
Powerfleet, Inc. (a)(b) | 191,280 | 1,361,914 | |
Red Cat Holdings, Inc. (b) | 66,086 | 184,380 | |
Research Frontiers, Inc. (a)(b) | 118,899 | 272,279 | |
RF Industries Ltd. (a) | 45,791 | 384,644 | |
Richardson Electronics Ltd. | 51,617 | 456,810 | |
Rogers Corp. (a) | 101,427 | 21,544,109 | |
Sanmina Corp. (a) | 357,267 | 14,104,901 | |
ScanSource, Inc. (a) | 136,465 | 4,855,425 | |
Sigmatron International, Inc. (a) | 11,250 | 68,513 | |
SYNNEX Corp. | 226,220 | 28,745,775 | |
Taitron Components, Inc. Class A (sub. vtg.) (b) | 12,619 | 54,514 | |
TTM Technologies, Inc. (a)(b) | 531,258 | 7,437,612 | |
Universal Security Instruments, Inc. (a)(b) | 12,034 | 76,296 | |
Velodyne Lidar, Inc. (a)(b) | 314,007 | 2,072,446 | |
VerifyMe, Inc. (a)(b) | 32,221 | 115,996 | |
Vishay Intertechnology, Inc. | 719,260 | 15,802,142 | |
Vishay Precision Group, Inc. (a) | 67,660 | 2,528,454 | |
Vontier Corp. | 912,509 | 33,187,952 | |
Wayside Technology Group, Inc. | 15,135 | 412,277 | |
Wireless Telecom Group, Inc. (a)(b) | 115,478 | 260,980 | |
Wrap Technologies, Inc. (a)(b) | 118,796 | 887,406 | |
746,956,267 | |||
IT Services - 4.8% | |||
Affirm Holdings, Inc. (b) | 271,221 | 26,129,431 | |
ALJ Regional Holdings, Inc. (a)(b) | 9,675 | 12,191 | |
Alliance Data Systems Corp. | 267,638 | 26,257,964 | |
American Virtual Cloud Technologies, Inc. (a)(b) | 18,978 | 78,948 | |
BigCommerce Holdings, Inc. (a)(b) | 68,469 | 4,076,644 | |
BM Technologies, Inc. (a)(b) | 84,637 | 824,364 | |
Brightcove, Inc. (a)(b) | 214,007 | 2,431,120 | |
Cantaloupe, Inc. (a) | 310,095 | 3,175,373 | |
Cass Information Systems, Inc. | 64,513 | 2,908,246 | |
Computer Task Group, Inc. (a) | 75,375 | 648,225 | |
Concentrix Corp. (a) | 226,460 | 39,265,899 | |
Conduent, Inc. (a) | 899,305 | 6,564,927 | |
Crexendo, Inc. (a)(b) | 7,104 | 41,914 | |
CSG Systems International, Inc. | 176,295 | 8,499,182 | |
CSP, Inc. (a) | 3,689 | 34,234 | |
Data Storage Corp. (a)(b) | 56,314 | 232,014 | |
Digitalocean Holdings, Inc. (a)(b) | 91,140 | 5,621,515 | |
EPAM Systems, Inc. (a) | 305,762 | 193,489,251 | |
Euronet Worldwide, Inc. (a) | 285,675 | 38,060,480 | |
EVERTEC, Inc. | 326,332 | 15,092,855 | |
EVO Payments, Inc. Class A (a) | 258,675 | 6,580,692 | |
Exela Technologies, Inc. (a)(b) | 217,829 | 564,177 | |
ExlService Holdings, Inc. (a) | 182,688 | 22,496,200 | |
Fastly, Inc. Class A (a)(b) | 471,101 | 20,540,004 | |
Genpact Ltd. | 949,651 | 49,267,894 | |
GoDaddy, Inc. (a) | 907,474 | 66,526,919 | |
GreenBox POS (a)(b) | 96,957 | 945,331 | |
GreenSky, Inc. Class A (a) | 292,477 | 2,325,192 | |
Grid Dynamics Holdings, Inc. (a) | 136,810 | 3,662,404 | |
Hackett Group, Inc. | 144,363 | 2,829,515 | |
i3 Verticals, Inc. Class A (a)(b) | 121,145 | 3,502,302 | |
Information Services Group, Inc. | 171,717 | 1,241,514 | |
Innodata, Inc. (a)(b) | 118,425 | 978,191 | |
Inpixon (a)(b) | 682,567 | 703,044 | |
International Money Express, Inc. (a) | 151,151 | 2,756,994 | |
Limelight Networks, Inc. (a)(b) | 659,377 | 1,780,318 | |
Liveramp Holdings, Inc. (a) | 371,702 | 18,213,398 | |
Maximus, Inc. | 332,694 | 28,974,320 | |
MoneyGram International, Inc. (a) | 377,896 | 3,397,285 | |
MongoDB, Inc. Class A (a) | 288,913 | 113,204,781 | |
Okta, Inc. (a) | 676,628 | 178,359,141 | |
Paya Holdings, Inc. (a)(b) | 313,955 | 3,029,666 | |
Paysign, Inc. (a)(b) | 191,689 | 477,306 | |
Perficient, Inc. (a)(b) | 179,595 | 21,411,316 | |
PFSweb, Inc. (a) | 93,278 | 1,240,597 | |
Priority Technology Holdings, Inc. (a) | 33,637 | 202,831 | |
Rackspace Technology, Inc. (a)(b) | 193,462 | 2,702,664 | |
Repay Holdings Corp. (a) | 415,315 | 9,556,398 | |
Research Solutions, Inc. (a) | 32,200 | 85,330 | |
Sabre Corp. (a)(b) | 1,715,334 | 19,263,201 | |
ServiceSource International, Inc. (a) | 433,095 | 649,643 | |
Shift4 Payments, Inc. (a) | 212,427 | 18,207,118 | |
Snowflake Computing, Inc. | 336,612 | 102,447,862 | |
SolarWinds, Inc. (b) | 196,322 | 3,351,217 | |
Square, Inc. (a) | 2,122,851 | 569,072,599 | |
StarTek, Inc. (a) | 59,751 | 362,689 | |
Steel Connect, Inc. (a) | 124,462 | 225,276 | |
Switch, Inc. Class A | 491,751 | 12,200,342 | |
The OLB Group, Inc. (b) | 17,806 | 76,210 | |
Ttec Holdings, Inc. | 101,649 | 10,719,904 | |
Tucows, Inc. (a)(b) | 51,587 | 3,823,113 | |
Twilio, Inc. Class A (a) | 879,013 | 313,772,480 | |
Unisys Corp. (a) | 356,945 | 8,641,638 | |
Usio, Inc. (a) | 85,917 | 538,700 | |
Verra Mobility Corp. (a) | 749,689 | 11,627,676 | |
WEX, Inc. (a) | 242,472 | 44,510,585 | |
WidePoint Corp. (a)(b) | 42,780 | 234,862 | |
2,060,725,616 | |||
Semiconductors & Semiconductor Equipment - 3.0% | |||
ACM Research, Inc. (a)(b) | 57,582 | 5,133,435 | |
AEHR Test Systems (a)(b) | 112,631 | 840,227 | |
Allegro MicroSystems LLC (a) | 228,954 | 6,880,068 | |
Alpha & Omega Semiconductor Ltd. (a) | 112,521 | 3,268,735 | |
Ambarella, Inc. (a) | 195,452 | 20,242,964 | |
Amkor Technology, Inc. | 587,117 | 16,128,104 | |
Amtech Systems, Inc. (a)(b) | 63,833 | 660,033 | |
Atomera, Inc. (a)(b) | 103,986 | 2,565,335 | |
Axcelis Technologies, Inc. (a)(b) | 181,825 | 9,038,521 | |
AXT, Inc. (a) | 220,044 | 2,048,610 | |
Brooks Automation, Inc. | 403,136 | 34,250,435 | |
CEVA, Inc. (a) | 122,596 | 5,915,257 | |
Cirrus Logic, Inc. (a) | 310,379 | 25,969,411 | |
CMC Materials, Inc. | 159,000 | 21,086,580 | |
Cohu, Inc. (a) | 265,969 | 9,489,774 | |
Cree, Inc. (a)(b) | 624,626 | 53,080,717 | |
CVD Equipment Corp. (a)(b) | 12,659 | 58,991 | |
CyberOptics Corp. (a) | 37,934 | 1,595,125 | |
Diodes, Inc. (a) | 230,541 | 22,323,285 | |
DSP Group, Inc. (a) | 117,118 | 2,564,884 | |
Entegris, Inc. | 734,403 | 88,231,176 | |
Everspin Technologies, Inc. (a)(b) | 67,942 | 495,977 | |
First Solar, Inc. (a) | 460,328 | 43,270,832 | |
FormFactor, Inc. (a) | 425,239 | 16,533,292 | |
GSI Technology, Inc. (a)(b) | 80,312 | 449,747 | |
Ichor Holdings Ltd. (a) | 151,834 | 6,727,765 | |
Impinj, Inc. (a)(b) | 121,892 | 7,105,085 | |
Intest Corp. (a) | 49,908 | 628,841 | |
Kopin Corp. (a) | 399,637 | 2,349,866 | |
Kulicke & Soffa Industries, Inc. | 335,208 | 23,528,250 | |
Lattice Semiconductor Corp. (a) | 741,679 | 46,073,099 | |
MACOM Technology Solutions Holdings, Inc. (a) | 254,498 | 15,450,574 | |
Marvell Technology, Inc. | 4,435,447 | 271,405,002 | |
MaxLinear, Inc. Class A (a) | 371,934 | 19,426,113 | |
MKS Instruments, Inc. | 299,154 | 44,029,486 | |
MoSys, Inc. (a)(b) | 31,666 | 195,063 | |
NeoPhotonics Corp. (a) | 267,621 | 2,499,580 | |
NVE Corp. (b) | 25,110 | 1,762,973 | |
ON Semiconductor Corp. (a) | 2,309,394 | 102,444,718 | |
Onto Innovation, Inc. (a) | 267,413 | 19,823,326 | |
PDF Solutions, Inc. (a) | 156,657 | 3,527,916 | |
Photronics, Inc. (a) | 337,493 | 5,086,020 | |
Pixelworks, Inc. (a)(b) | 236,277 | 1,831,147 | |
Power Integrations, Inc. | 330,177 | 35,870,429 | |
QuickLogic Corp. (a) | 59,120 | 360,041 | |
Rambus, Inc. (a) | 614,770 | 14,631,526 | |
Rubicon Technology, Inc. (a) | 8,459 | 80,361 | |
Semtech Corp. (a) | 351,422 | 24,571,426 | |
Silicon Laboratories, Inc. (a) | 241,924 | 38,132,061 | |
SiTime Corp. (a) | 68,975 | 14,680,639 | |
SkyWater Technology, Inc. (a)(b) | 36,190 | 1,208,022 | |
SMART Global Holdings, Inc. (a) | 88,589 | 4,293,023 | |
SolarEdge Technologies, Inc. (a) | 281,313 | 81,518,881 | |
Summit Wireless Technologies, Inc. (a) | 73,795 | 247,213 | |
SunPower Corp. (a)(b) | 436,002 | 9,395,843 | |
Synaptics, Inc. (a) | 190,410 | 36,136,010 | |
Trio-Tech International (a)(b) | 7,747 | 35,016 | |
Ultra Clean Holdings, Inc. (a) | 238,857 | 11,044,748 | |
Universal Display Corp. | 232,346 | 48,465,052 | |
Veeco Instruments, Inc. (a)(b) | 280,308 | 6,388,219 | |
1,293,074,849 | |||
Software - 12.2% | |||
8x8, Inc. (a) | 591,042 | 14,273,664 | |
A10 Networks, Inc. (a) | 321,806 | 4,469,885 | |
ACI Worldwide, Inc. (a) | 642,579 | 20,710,321 | |
Agilysys, Inc. (a) | 112,213 | 6,377,065 | |
Alarm.com Holdings, Inc. (a) | 246,375 | 20,776,804 | |
Alfi, Inc. (b) | 19,411 | 172,758 | |
Altair Engineering, Inc. Class A (a)(b) | 250,524 | 18,536,271 | |
Alteryx, Inc. Class A (a) | 322,113 | 23,826,699 | |
American Software, Inc. Class A (b) | 161,446 | 4,095,885 | |
Anaplan, Inc. (a) | 782,262 | 46,920,075 | |
AppFolio, Inc. (a)(b) | 96,112 | 11,350,827 | |
Appian Corp. Class A (a)(b) | 213,156 | 22,850,323 | |
AppLovin Corp. (a)(b) | 140,128 | 9,865,011 | |
Asana, Inc. (a) | 149,302 | 11,279,766 | |
Aspen Technology, Inc. (a) | 368,630 | 47,737,585 | |
Asure Software, Inc. (a) | 84,662 | 766,191 | |
Auddia, Inc. (a)(b) | 22,432 | 67,072 | |
AudioEye, Inc. (a)(b) | 29,493 | 384,589 | |
Avalara, Inc. (a) | 465,428 | 83,637,412 | |
Avaya Holdings Corp. (a) | 409,666 | 8,262,963 | |
Aware, Inc. (a) | 24,042 | 98,332 | |
Benefitfocus, Inc. (a)(b) | 155,701 | 1,879,311 | |
Bill.Com Holdings, Inc. (a) | 337,667 | 92,652,448 | |
Bio-Key International, Inc. (a)(b) | 42,468 | 134,199 | |
Black Knight, Inc. (a) | 848,100 | 64,175,727 | |
Blackbaud, Inc. (a)(b) | 262,795 | 18,314,184 | |
BlackLine, Inc. (a) | 280,500 | 30,602,550 | |
Bottomline Technologies, Inc. (a) | 212,716 | 8,991,505 | |
Box, Inc. Class A (a) | 751,382 | 19,370,628 | |
Bridgeline Digital, Inc. (a) | 30,797 | 158,605 | |
BSQUARE Corp. (a)(b) | 60,196 | 160,723 | |
BTRS Holdings, Inc. (a) | 347,650 | 3,792,862 | |
C3.Ai, Inc. (b) | 88,157 | 4,543,612 | |
CDK Global, Inc. | 655,507 | 27,269,091 | |
Cerence, Inc. (a)(b) | 204,659 | 22,193,222 | |
Ceridian HCM Holding, Inc. (a) | 711,697 | 79,959,158 | |
ChannelAdvisor Corp. (a) | 161,957 | 4,149,338 | |
Cleanspark, Inc. (a)(b) | 179,563 | 2,477,969 | |
Cloudera, Inc. (a) | 1,204,278 | 19,184,149 | |
Cloudflare, Inc. (a) | 1,040,899 | 125,678,145 | |
CommVault Systems, Inc. (a) | 249,747 | 20,222,015 | |
Cornerstone OnDemand, Inc. (a) | 341,590 | 19,573,107 | |
Coupa Software, Inc. (a)(b) | 396,931 | 97,172,678 | |
Crowdstrike Holdings, Inc. (a) | 1,078,148 | 302,959,588 | |
Datadog, Inc. Class A (a) | 1,178,089 | 162,340,664 | |
Datto Holding Corp. (b) | 124,451 | 3,173,501 | |
Digimarc Corp. (a)(b) | 74,198 | 2,169,550 | |
Digital Turbine, Inc. (a) | 421,808 | 24,654,678 | |
DocuSign, Inc. (a) | 1,053,396 | 312,058,031 | |
Dolby Laboratories, Inc. Class A | 355,139 | 35,197,826 | |
Domo, Inc. Class B (a) | 155,827 | 13,946,517 | |
Dropbox, Inc. Class A (a) | 1,600,850 | 50,762,954 | |
Duck Creek Technologies, Inc. (a) | 182,474 | 8,508,763 | |
Duos Technologies Group, Inc. (a)(b) | 2,422 | 15,065 | |
Dynatrace, Inc. (a) | 1,002,037 | 68,870,003 | |
E2open Parent Holdings, Inc. (a)(b) | 682,079 | 8,144,023 | |
Ebix, Inc. | 130,693 | 3,761,345 | |
eGain Communications Corp. (a) | 120,065 | 1,414,366 | |
Elastic NV (a) | 343,222 | 54,761,070 | |
Envestnet, Inc. (a) | 296,132 | 23,652,063 | |
Everbridge, Inc. (a)(b) | 203,269 | 31,907,135 | |
Evolving Systems, Inc. (a) | 38,879 | 87,478 | |
Fair Isaac Corp. (a) | 155,853 | 71,651,858 | |
FireEye, Inc. (a) | 1,286,025 | 23,392,795 | |
Five9, Inc. (a) | 362,058 | 57,288,437 | |
GSE Systems, Inc. (a)(b) | 32,533 | 38,389 | |
GTY Technology Holdings, Inc. (a)(b) | 250,903 | 1,851,664 | |
Guidewire Software, Inc. (a) | 453,503 | 53,721,965 | |
HubSpot, Inc. (a) | 237,853 | 162,803,243 | |
Intelligent Systems Corp. (a)(b) | 35,860 | 1,383,837 | |
InterDigital, Inc. | 162,263 | 11,700,785 | |
Intrusion, Inc. (a)(b) | 73,499 | 330,746 | |
Inuvo, Inc. (a)(b) | 484,613 | 364,332 | |
Issuer Direct Corp. (a) | 16,294 | 427,718 | |
j2 Global, Inc. (a)(b) | 229,842 | 31,649,243 | |
Jamf Holding Corp. (a)(b) | 200,389 | 7,043,673 | |
Kaspien Holdings, Inc. (a)(b) | 3,780 | 74,617 | |
KnowBe4, Inc. (a) | 119,642 | 2,944,390 | |
LivePerson, Inc. (a)(b) | 347,903 | 22,300,582 | |
Manhattan Associates, Inc. (a) | 345,035 | 56,237,255 | |
Marathon Digital Holdings, Inc. (a)(b) | 500,972 | 20,334,453 | |
Marin Software, Inc. (a)(b) | 48,155 | 320,712 | |
McAfee Corp. | 202,283 | 5,372,636 | |
Medallia, Inc. (a) | 465,396 | 15,716,423 | |
MicroStrategy, Inc. Class A (a)(b) | 42,099 | 29,229,336 | |
Mimecast Ltd. (a)(b) | 321,307 | 22,430,442 | |
Mitek Systems, Inc. (a)(b) | 232,774 | 5,207,154 | |
Model N, Inc. (a) | 164,997 | 5,595,048 | |
Momentive Global, Inc. (a) | 661,785 | 12,977,604 | |
N-able, Inc. (a)(b) | 196,321 | 2,656,223 | |
Net Element International, Inc. (a) | 24,068 | 263,304 | |
NetSol Technologies, Inc. (a) | 62,696 | 270,847 | |
New Relic, Inc. (a) | 297,734 | 23,809,788 | |
Nuance Communications, Inc. (a) | 1,544,903 | 85,046,910 | |
Nutanix, Inc. Class A (a) | 1,105,408 | 40,800,609 | |
NXT-ID, Inc. (a) | 233,365 | 163,356 | |
Oblong, Inc. (a)(b) | 73,548 | 156,657 | |
Olo, Inc. (a)(b) | 115,693 | 4,441,454 | |
ON24, Inc. (a) | 50,109 | 1,132,964 | |
Onespan, Inc. (a) | 179,481 | 3,458,599 | |
Pagerduty, Inc. (a)(b) | 315,253 | 13,492,828 | |
Palantir Technologies, Inc. (a)(b) | 2,442,253 | 64,328,944 | |
Palo Alto Networks, Inc. (a) | 527,265 | 243,090,256 | |
Park City Group, Inc. (a) | 68,114 | 369,178 | |
Paylocity Holding Corp. (a) | 204,149 | 54,956,911 | |
Pegasystems, Inc. | 216,400 | 29,783,132 | |
Phunware, Inc. (a)(b) | 329,221 | 365,435 | |
Ping Identity Holding Corp. (a) | 205,466 | 5,331,843 | |
Progress Software Corp. | 239,823 | 11,166,159 | |
Proofpoint, Inc. (a) | 310,232 | 54,600,832 | |
PROS Holdings, Inc. (a) | 217,467 | 9,403,273 | |
Q2 Holdings, Inc. (a)(b) | 286,257 | 25,216,379 | |
QAD, Inc.: | |||
Class A | 45,458 | 3,955,301 | |
Class B | 23,915 | 2,069,843 | |
Qualtrics International, Inc. | 310,804 | 14,073,205 | |
Qualys, Inc. (a) | 183,413 | 21,529,018 | |
Qumu Corp. (a) | 75,247 | 220,474 | |
Rapid7, Inc. (a) | 297,673 | 36,173,223 | |
RealNetworks, Inc. (a) | 167,002 | 317,304 | |
Rimini Street, Inc. (a) | 174,987 | 1,671,126 | |
RingCentral, Inc. (a) | 436,593 | 110,134,950 | |
Riot Blockchain, Inc. (a)(b) | 455,825 | 17,011,389 | |
SailPoint Technologies Holding, Inc. (a)(b) | 502,257 | 23,535,763 | |
SeaChange International, Inc. (a) | 357,277 | 382,286 | |
SecureWorks Corp. (a)(b) | 52,284 | 1,069,731 | |
Semrush Holdings, Inc. (b) | 57,125 | 1,514,955 | |
SharpSpring, Inc. (a) | 59,696 | 1,020,802 | |
ShotSpotter, Inc. (a)(b) | 45,643 | 1,817,961 | |
SilverSun Technologies, Inc. (A Shares) (b) | 17,056 | 122,462 | |
Smartsheet, Inc. (a) | 634,679 | 50,501,408 | |
Smith Micro Software, Inc. (a)(b) | 244,132 | 1,218,219 | |
Splunk, Inc. (a) | 885,397 | 135,350,639 | |
Sprout Social, Inc. (a) | 154,200 | 18,750,720 | |
SPS Commerce, Inc. (a) | 195,609 | 26,510,888 | |
SRAX, Inc. (a) | 117,390 | 656,210 | |
SRAX, Inc. rights 12/31/20 (a)(c) | 34,667 | 6,240 | |
SS&C Technologies Holdings, Inc. | 1,210,598 | 91,593,845 | |
Sumo Logic, Inc. (b) | 88,926 | 1,854,107 | |
Support.com, Inc. (a)(b) | 45,354 | 1,422,301 | |
Synchronoss Technologies, Inc. (a) | 205,825 | 545,436 | |
Telos Corp. | 134,369 | 4,434,177 | |
Tenable Holdings, Inc. (a) | 369,702 | 16,403,678 | |
Teradata Corp. (a) | 593,465 | 32,456,601 | |
The Trade Desk, Inc. (a) | 2,335,101 | 186,924,835 | |
Upland Software, Inc. (a) | 138,934 | 5,415,647 | |
Varonis Systems, Inc. (a)(b) | 576,860 | 39,809,109 | |
Verb Technology Co., Inc. (a)(b) | 353,699 | 735,694 | |
Verint Systems, Inc. (a) | 355,563 | 15,872,332 | |
Veritone, Inc. (a) | 151,018 | 3,151,746 | |
Vertex, Inc. Class A (a)(b) | 146,782 | 3,038,387 | |
Viant Technology, Inc. | 60,569 | 832,824 | |
VirnetX Holding Corp. (a)(b) | 335,125 | 1,504,711 | |
VMware, Inc. Class A (a)(b) | 438,468 | 65,274,731 | |
Vonage Holdings Corp. (a) | 1,278,142 | 18,021,802 | |
Workday, Inc. Class A (a) | 1,023,797 | 279,660,389 | |
Workiva, Inc. (a)(b) | 229,233 | 32,154,513 | |
Xperi Holding Corp. | 572,826 | 12,241,292 | |
Yext, Inc. (a) | 550,306 | 7,440,137 | |
Zendesk, Inc. (a) | 641,866 | 79,334,638 | |
Zix Corp. (a) | 308,930 | 2,391,118 | |
Zoom Video Communications, Inc. Class A (a) | 1,153,816 | 334,029,732 | |
Zscaler, Inc. (a) | 404,311 | 112,535,924 | |
Zuora, Inc. (a) | 567,534 | 9,636,727 | |
5,252,525,112 | |||
Technology Hardware, Storage & Peripherals - 0.6% | |||
3D Systems Corp. (a) | 677,286 | 20,616,586 | |
Astro-Med, Inc. (a) | 35,940 | 562,820 | |
Avid Technology, Inc. (a) | 231,139 | 5,965,698 | |
Boxlight Corp. (a)(b) | 262,702 | 683,025 | |
Corsair Gaming, Inc. (b) | 116,087 | 3,360,719 | |
Dell Technologies, Inc. (a) | 1,352,374 | 131,802,370 | |
Diebold Nixdorf, Inc. (a) | 423,542 | 4,608,137 | |
Eastman Kodak Co. (a) | 343,223 | 2,498,663 | |
Immersion Corp. (a)(b) | 131,975 | 989,813 | |
Intevac, Inc. (a) | 144,706 | 742,342 | |
NCR Corp. (a) | 709,371 | 30,134,080 | |
One Stop Systems, Inc. (a)(b) | 70,501 | 399,036 | |
Pure Storage, Inc. Class A (a) | 1,389,176 | 35,882,416 | |
Quantum Corp. (a) | 336,380 | 2,099,011 | |
Socket Mobile, Inc. (a)(b) | 29,658 | 204,640 | |
Sonim Technologies, Inc. (a)(b) | 449,876 | 197,945 | |
Super Micro Computer, Inc. (a) | 236,242 | 8,632,283 | |
Transact Technologies, Inc. (a) | 30,138 | 423,439 | |
Turtle Beach Corp. (a)(b) | 86,073 | 2,445,334 | |
Xerox Holdings Corp. | 863,878 | 19,445,894 | |
271,694,251 | |||
TOTAL INFORMATION TECHNOLOGY | 9,882,839,966 | ||
MATERIALS - 3.8% | |||
Chemicals - 1.6% | |||
Advanced Emissions Solutions, Inc. (a) | 96,954 | 660,257 | |
AdvanSix, Inc. (a) | 149,498 | 5,456,677 | |
AgroFresh Solutions, Inc. (a)(b) | 114,965 | 237,978 | |
American Vanguard Corp. | 143,314 | 2,197,004 | |
Amyris, Inc. (a)(b) | 1,014,865 | 15,273,718 | |
Ashland Global Holdings, Inc. | 296,459 | 27,010,379 | |
Avient Corp. | 498,100 | 25,946,029 | |
Axalta Coating Systems Ltd. (a) | 1,116,062 | 34,084,533 | |
Balchem Corp. | 175,377 | 24,626,438 | |
Cabot Corp. | 302,984 | 16,179,346 | |
Chase Corp. | 39,148 | 4,482,446 | |
Core Molding Technologies, Inc. (a) | 34,004 | 468,235 | |
Crown ElectroKinetics Corp. (a)(b) | 73,344 | 227,366 | |
Danimer Scientific, Inc. (a)(b) | 341,425 | 6,671,445 | |
Diversey Holdings Ltd. (a) | 244,427 | 4,270,140 | |
Ecovyst, Inc. | 276,400 | 3,595,964 | |
Element Solutions, Inc. | 1,182,475 | 26,877,657 | |
Ferro Corp. (a) | 441,919 | 9,191,915 | |
Flotek Industries, Inc. (a)(b) | 331,456 | 457,409 | |
FutureFuel Corp. | 143,902 | 1,152,655 | |
GCP Applied Technologies, Inc. (a) | 265,734 | 6,335,099 | |
H.B. Fuller Co. | 285,246 | 19,274,072 | |
Hawkins, Inc. | 103,561 | 3,922,891 | |
Huntsman Corp. | 1,059,164 | 27,993,705 | |
Ikonics Corp. (a) | 5,778 | 158,317 | |
Ingevity Corp. (a) | 218,878 | 17,595,602 | |
Innospec, Inc. | 132,109 | 12,365,402 | |
Intrepid Potash, Inc. (a) | 56,177 | 1,742,049 | |
Koppers Holdings, Inc. (a) | 112,962 | 3,716,450 | |
Kraton Performance Polymers, Inc. (a) | 176,399 | 7,429,926 | |
Kronos Worldwide, Inc. | 121,862 | 1,613,453 | |
Livent Corp. (a)(b) | 860,105 | 21,390,811 | |
Loop Industries, Inc. (a)(b) | 121,007 | 1,097,533 | |
LSB Industries, Inc. (a) | 113,954 | 938,981 | |
Marrone Bio Innovations, Inc. (a) | 581,754 | 581,754 | |
Minerals Technologies, Inc. | 181,236 | 14,252,399 | |
NewMarket Corp. | 39,910 | 13,957,724 | |
Northern Technologies International Corp. | 40,080 | 668,134 | |
Olin Corp. | 775,484 | 38,650,123 | |
Orion Engineered Carbons SA (a)(b) | 319,380 | 5,643,445 | |
PureCycle Technologies, Inc. (a)(b) | 398,554 | 5,862,729 | |
Quaker Chemical Corp. (b) | 71,806 | 18,606,371 | |
Rayonier Advanced Materials, Inc. (a) | 338,586 | 2,390,417 | |
RPM International, Inc. | 699,626 | 57,572,224 | |
Sensient Technologies Corp. | 230,367 | 20,007,374 | |
Stepan Co. | 114,793 | 13,495,065 | |
The Chemours Co. LLC (b) | 890,543 | 29,842,096 | |
The Scotts Miracle-Gro Co. Class A | 219,997 | 34,502,130 | |
Trecora Resources (a)(b) | 108,796 | 913,886 | |
Tredegar Corp. | 135,542 | 1,799,998 | |
Trinseo SA | 208,137 | 10,808,554 | |
Tronox Holdings PLC | 598,074 | 12,637,304 | |
Valhi, Inc. | 13,094 | 310,590 | |
Valvoline, Inc. | 982,180 | 29,622,549 | |
Venator Materials PLC (a) | 298,262 | 975,317 | |
W.R. Grace & Co. | 337,431 | 23,498,695 | |
Westlake Chemical Corp. | 185,101 | 16,168,572 | |
Zymergen, Inc. (a)(b) | 88,390 | 1,159,677 | |
688,569,009 | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. | 229,594 | 36,009,523 | |
Forterra, Inc. (a) | 115,760 | 2,667,110 | |
Smith-Midland Corp. (a)(b) | 10,276 | 191,956 | |
Summit Materials, Inc. (a) | 638,045 | 21,482,975 | |
United States Lime & Minerals, Inc. | 11,640 | 1,700,488 | |
62,052,052 | |||
Containers & Packaging - 0.7% | |||
Aptargroup, Inc. | 355,638 | 47,940,002 | |
Berry Global Group, Inc. (a) | 729,104 | 48,973,916 | |
Crown Holdings, Inc. | 728,399 | 79,970,926 | |
Graphic Packaging Holding Co. | 1,535,598 | 31,510,471 | |
Greif, Inc.: | |||
Class A | 136,143 | 8,620,575 | |
Class B | 42,835 | 2,634,353 | |
Myers Industries, Inc. | 195,532 | 4,458,130 | |
O-I Glass, Inc. (a) | 852,687 | 12,901,154 | |
Pactiv Evergreen, Inc. | 219,942 | 3,024,203 | |
Ranpak Holdings Corp. (A Shares) (a) | 219,408 | 6,735,826 | |
Silgan Holdings, Inc. | 422,386 | 17,921,838 | |
Sonoco Products Co. | 542,424 | 35,420,287 | |
UFP Technologies, Inc. (a) | 37,269 | 2,608,457 | |
302,720,138 | |||
Metals & Mining - 1.1% | |||
Alcoa Corp. (a) | 1,009,233 | 44,779,668 | |
Allegheny Technologies, Inc. (a)(b) | 689,798 | 12,319,792 | |
Alpha Metallurgical Resources (a)(b) | 99,938 | 3,908,575 | |
Ampco-Pittsburgh Corp. (a)(b) | 61,883 | 297,038 | |
Arconic Corp. (a) | 528,564 | 18,230,172 | |
Carpenter Technology Corp. | 259,454 | 8,652,791 | |
Century Aluminum Co. (a)(b) | 276,904 | 3,549,909 | |
Cleveland-Cliffs, Inc. (a)(b) | 2,487,770 | 58,387,962 | |
Coeur d'Alene Mines Corp. (a)(b) | 1,382,041 | 9,743,389 | |
Commercial Metals Co. | 656,016 | 21,399,242 | |
Compass Minerals International, Inc. | 183,738 | 12,297,584 | |
Comstock Mining, Inc. (a)(b) | 196,938 | 594,753 | |
Friedman Industries | 35,222 | 431,470 | |
Gatos Silver, Inc. | 121,887 | 1,747,860 | |
Gold Resource Corp. (b) | 380,206 | 653,954 | |
Golden Minerals Co. (a)(b) | 545,335 | 288,428 | |
Haynes International, Inc. | 67,582 | 2,652,594 | |
Hecla Mining Co. | 2,900,491 | 17,838,020 | |
Hycroft Mining Holding Corp. (a)(b) | 196,667 | 379,567 | |
Kaiser Aluminum Corp. | 84,904 | 10,719,979 | |
Materion Corp. | 110,321 | 8,056,743 | |
McEwen Mining, Inc. (a)(b) | 1,538,057 | 1,768,766 | |
MP Materials Corp. (a)(b) | 362,470 | 12,168,118 | |
Olympic Steel, Inc. | 49,076 | 1,337,812 | |
Paramount Gold Nevada Corp. (a) | 22,322 | 19,755 | |
Ramaco Resources, Inc. (a)(b) | 55,728 | 500,995 | |
Reliance Steel & Aluminum Co. | 345,100 | 51,778,804 | |
Royal Gold, Inc. | 355,417 | 39,568,575 | |
Ryerson Holding Corp. | 90,478 | 2,094,566 | |
Schnitzer Steel Industries, Inc. Class A | 147,087 | 6,958,686 | |
Solitario Exploration & Royalty Corp. (a)(b) | 222,066 | 120,138 | |
Steel Dynamics, Inc. | 1,085,886 | 73,286,446 | |
SunCoke Energy, Inc. | 438,367 | 3,046,651 | |
Synalloy Corp. (a) | 36,188 | 421,590 | |
TimkenSteel Corp. (a)(b) | 205,509 | 2,811,363 | |
U.S. Antimony Corp. (a)(b) | 405,289 | 382,025 | |
U.S. Gold Corp. (a) | 34,091 | 322,842 | |
United States Steel Corp. | 1,456,233 | 38,954,233 | |
Universal Stainless & Alloy Products, Inc. (a) | 45,727 | 508,027 | |
Warrior Metropolitan Coal, Inc. | 281,580 | 6,304,576 | |
Worthington Industries, Inc. | 195,124 | 11,307,436 | |
490,590,894 | |||
Paper & Forest Products - 0.2% | |||
Clearwater Paper Corp. (a) | 94,414 | 3,067,511 | |
Domtar Corp. (a) | 274,097 | 15,028,739 | |
Glatfelter Corp. (b) | 235,744 | 3,724,755 | |
Louisiana-Pacific Corp. | 553,357 | 35,104,968 | |
Mercer International, Inc. (SBI) (b) | 219,789 | 2,501,199 | |
Neenah, Inc. | 89,637 | 4,516,808 | |
Resolute Forest Products (b) | 426,607 | 5,225,936 | |
Schweitzer-Mauduit International, Inc. | 174,103 | 6,662,922 | |
Verso Corp. | 160,460 | 3,056,763 | |
78,889,601 | |||
TOTAL MATERIALS | 1,622,821,694 | ||
REAL ESTATE - 7.1% | |||
Equity Real Estate Investment Trusts (REITs) - 6.6% | |||
Acadia Realty Trust (SBI) | 467,293 | 9,915,957 | |
Agree Realty Corp. | 374,775 | 27,939,476 | |
Alexander & Baldwin, Inc. | 399,566 | 8,342,938 | |
Alexanders, Inc. | 12,808 | 3,410,770 | |
Alpine Income Property Trust, Inc. | 57,207 | 1,077,780 | |
American Assets Trust, Inc. | 281,544 | 11,211,082 | |
American Campus Communities, Inc. | 751,416 | 38,209,504 | |
American Finance Trust, Inc. | 632,204 | 5,449,598 | |
American Homes 4 Rent Class A | 1,499,789 | 62,901,151 | |
Americold Realty Trust | 1,369,020 | 50,297,795 | |
Apartment Income (REIT) Corp. | 854,808 | 43,441,343 | |
Apartment Investment & Management Co. Class A | 793,343 | 5,696,203 | |
Apple Hospitality (REIT), Inc. | 1,118,990 | 16,538,672 | |
Armada Hoffler Properties, Inc. | 341,210 | 4,582,450 | |
Ashford Hospitality Trust, Inc. (a)(b) | 85,879 | 1,326,831 | |
Bluerock Residential Growth (REIT), Inc. | 171,843 | 1,871,370 | |
Braemar Hotels & Resorts, Inc. (a)(b) | 239,807 | 1,208,627 | |
Brandywine Realty Trust (SBI) | 920,713 | 12,779,496 | |
Brixmor Property Group, Inc. | 1,616,388 | 37,904,299 | |
Broadstone Net Lease, Inc. (b) | 840,444 | 23,028,166 | |
BRT Apartments Corp. | 65,783 | 1,277,506 | |
Camden Property Trust (SBI) | 530,956 | 79,664,638 | |
CareTrust (REIT), Inc. | 538,520 | 11,842,055 | |
CatchMark Timber Trust, Inc. | 288,754 | 3,332,221 | |
Cedar Realty Trust, Inc. (b) | 66,892 | 1,163,252 | |
Centerspace | 71,391 | 7,223,341 | |
Chatham Lodging Trust (a) | 268,628 | 3,223,536 | |
CIM Commercial Trust Corp. | 112,629 | 788,403 | |
City Office REIT, Inc. | 244,245 | 3,900,593 | |
Clipper Realty, Inc. | 81,629 | 688,949 | |
Columbia Property Trust, Inc. | 640,192 | 10,704,010 | |
Community Healthcare Trust, Inc. | 133,285 | 6,465,655 | |
Condor Hospitality Trust, Inc. (a) | 11,984 | 70,226 | |
CorEnergy Infrastructure Trust, Inc. (b) | 90,529 | 436,350 | |
CorePoint Lodging, Inc. (a) | 225,396 | 3,259,226 | |
CoreSite Realty Corp. | 232,184 | 34,449,140 | |
Corporate Office Properties Trust (SBI) | 622,588 | 17,544,530 | |
Cousins Properties, Inc. | 810,548 | 31,254,731 | |
CTO Realty Growth, Inc. | 32,737 | 1,836,218 | |
CubeSmart | 1,099,870 | 58,843,045 | |
CyrusOne, Inc. | 662,723 | 51,016,417 | |
DiamondRock Hospitality Co. (a) | 1,124,297 | 10,163,645 | |
Digitalbridge Group, Inc. (a)(b) | 2,630,609 | 18,151,202 | |
Diversified Healthcare Trust (SBI) | 1,270,574 | 4,764,653 | |
Douglas Emmett, Inc. | 896,153 | 29,582,011 | |
Easterly Government Properties, Inc. | 489,667 | 10,464,184 | |
EastGroup Properties, Inc. | 222,209 | 40,055,394 | |
Empire State Realty Trust, Inc. | 770,601 | 7,914,072 | |
EPR Properties | 405,217 | 20,564,763 | |
Equity Commonwealth | 660,108 | 17,387,245 | |
Equity Lifestyle Properties, Inc. | 929,407 | 79,064,653 | |
Essential Properties Realty Trust, Inc. | 650,264 | 21,075,056 | |
Farmland Partners, Inc. | 153,535 | 1,880,804 | |
First Industrial Realty Trust, Inc. | 708,915 | 39,692,151 | |
Four Corners Property Trust, Inc. | 415,624 | 11,891,003 | |
Franklin Street Properties Corp. | 547,911 | 2,629,973 | |
Gaming & Leisure Properties | 1,196,567 | 58,990,753 | |
Getty Realty Corp. | 210,481 | 6,657,514 | |
Gladstone Commercial Corp. | 206,115 | 4,664,382 | |
Gladstone Land Corp. | 143,670 | 3,383,429 | |
Global Medical REIT, Inc. | 313,143 | 4,828,665 | |
Global Net Lease, Inc. | 524,243 | 8,912,131 | |
Global Self Storage, Inc. | 94,056 | 510,724 | |
Healthcare Realty Trust, Inc. | 769,074 | 23,095,292 | |
Healthcare Trust of America, Inc. | 1,195,664 | 36,264,489 | |
Hersha Hospitality Trust (a) | 210,482 | 1,974,321 | |
Highwoods Properties, Inc. (SBI) | 568,439 | 25,971,978 | |
HMG / Courtland Properties, Inc. | 1,578 | 26,668 | |
Hudson Pacific Properties, Inc. | 821,885 | 21,681,326 | |
Independence Realty Trust, Inc. (b) | 557,985 | 11,427,533 | |
Indus Realty Trust, Inc. | 28,893 | 2,025,688 | |
Industrial Logistics Properties Trust | 369,956 | 10,147,893 | |
InnSuites Hospitality Trust | 27,789 | 107,266 | |
Invitation Homes, Inc. | 3,098,190 | 127,583,464 | |
iStar Financial, Inc. | 399,842 | 10,575,821 | |
JBG SMITH Properties | 598,316 | 18,027,261 | |
Kilroy Realty Corp. | 578,868 | 38,002,684 | |
Kite Realty Group Trust | 458,561 | 9,290,446 | |
Lamar Advertising Co. Class A | 472,813 | 53,820,304 | |
Lexington Corporate Properties Trust (b) | 1,528,550 | 20,681,282 | |
Life Storage, Inc. | 419,475 | 52,199,469 | |
LTC Properties, Inc. | 213,416 | 7,364,986 | |
Mack-Cali Realty Corp. (a) | 469,230 | 8,389,832 | |
Medalist Diversified (REIT), Inc. | 214,670 | 283,364 | |
Medical Properties Trust, Inc. | 3,190,686 | 65,345,249 | |
Monmouth Real Estate Investment Corp. Class A | 549,681 | 10,432,945 | |
National Health Investors, Inc. | 250,700 | 14,996,874 | |
National Retail Properties, Inc. | 957,965 | 45,608,714 | |
National Storage Affiliates Trust | 430,149 | 24,626,030 | |
NETSTREIT Corp. | 148,182 | 3,831,987 | |
New Senior Investment Group, Inc. | 433,228 | 3,782,080 | |
New York City REIT, Inc. (b) | 57,047 | 525,973 | |
NexPoint Residential Trust, Inc. | 125,109 | 8,105,812 | |
Office Properties Income Trust | 274,378 | 7,279,248 | |
Omega Healthcare Investors, Inc. | 1,267,035 | 42,483,684 | |
One Liberty Properties, Inc. | 94,045 | 2,994,393 | |
Outfront Media, Inc. | 793,197 | 19,639,558 | |
Paramount Group, Inc. | 902,691 | 7,997,842 | |
Park Hotels & Resorts, Inc. (a) | 1,289,569 | 24,682,351 | |
Pebblebrook Hotel Trust | 710,661 | 15,655,862 | |
Pennsylvania Real Estate Investment Trust (SBI) (a) | 326,210 | 629,585 | |
Physicians Realty Trust | 1,178,539 | 21,814,757 | |
Piedmont Office Realty Trust, Inc. Class A | 684,580 | 12,199,216 | |
Plymouth Industrial REIT, Inc. | 168,510 | 3,970,096 | |
Postal Realty Trust, Inc. | 75,880 | 1,483,454 | |
Potlatch Corp. | 367,390 | 19,085,911 | |
Preferred Apartment Communities, Inc. Class A | 296,434 | 3,699,496 | |
PS Business Parks, Inc. | 114,214 | 17,957,867 | |
QTS Realty Trust, Inc. Class A | 375,262 | 29,262,931 | |
Rayonier, Inc. | 757,002 | 27,842,534 | |
Retail Opportunity Investments Corp. | 663,179 | 11,990,276 | |
Retail Properties America, Inc. | 1,171,275 | 15,484,256 | |
Retail Value, Inc. | 100,799 | 2,519,975 | |
Rexford Industrial Realty, Inc. | 740,562 | 45,863,005 | |
RLJ Lodging Trust | 887,383 | 12,804,937 | |
RPT Realty | 456,856 | 5,911,717 | |
Ryman Hospitality Properties, Inc. (a) | 300,898 | 24,995,597 | |
Sabra Health Care REIT, Inc. | 1,171,063 | 18,737,008 | |
Safehold, Inc. | 83,488 | 7,481,360 | |
Saul Centers, Inc. | 78,637 | 3,623,593 | |
Seritage Growth Properties (a) | 218,004 | 3,525,125 | |
Service Properties Trust | 876,114 | 10,013,983 | |
SITE Centers Corp. | 925,325 | 14,906,986 | |
SL Green Realty Corp. | 371,719 | 26,050,068 | |
Sotherly Hotels, Inc. (a) | 67,694 | 162,466 | |
Spirit Realty Capital, Inc. | 629,083 | 32,567,627 | |
Stag Industrial, Inc. | 877,525 | 37,075,431 | |
Store Capital Corp. | 1,331,735 | 48,035,681 | |
Summit Hotel Properties, Inc. (a) | 575,486 | 5,363,530 | |
Sun Communities, Inc. | 610,097 | 122,928,445 | |
Sunstone Hotel Investors, Inc. (a) | 1,156,162 | 13,399,918 | |
Tanger Factory Outlet Centers, Inc. (b) | 548,589 | 9,172,408 | |
Terreno Realty Corp. | 390,399 | 26,082,557 | |
The GEO Group, Inc. (b) | 678,356 | 5,257,259 | |
The Macerich Co. | 906,408 | 15,481,449 | |
UMH Properties, Inc. | 239,019 | 5,664,750 | |
Uniti Group, Inc. | 1,273,805 | 16,648,631 | |
Universal Health Realty Income Trust (SBI) | 75,622 | 4,479,091 | |
Urban Edge Properties | 609,901 | 11,551,525 | |
Urstadt Biddle Properties, Inc. Class A | 181,566 | 3,464,279 | |
VEREIT, Inc. | 1,247,452 | 63,033,750 | |
VICI Properties, Inc. (b) | 2,914,126 | 90,075,635 | |
Washington REIT (SBI) | 455,942 | 11,462,382 | |
Wheeler REIT, Inc. (a) | 41,839 | 137,232 | |
Whitestone REIT Class B | 244,331 | 2,396,887 | |
WP Carey, Inc. | 967,941 | 75,615,551 | |
Xenia Hotels & Resorts, Inc. (a) | 615,269 | 10,717,986 | |
2,828,904,129 | |||
Real Estate Management & Development - 0.5% | |||
Alset Ehome International, Inc. (b) | 39,967 | 80,334 | |
Altisource Asset Management Corp. (a) | 2,426 | 52,644 | |
Altisource Portfolio Solutions SA (a) | 71,397 | 774,657 | |
American Realty Investments, Inc. (a) | 22,106 | 249,798 | |
Amrep Corp. (a)(b) | 3,721 | 56,001 | |
Cushman & Wakefield PLC (a) | 661,603 | 12,001,478 | |
eXp World Holdings, Inc. (b) | 314,333 | 14,412,168 | |
Fathom Holdings, Inc. (a)(b) | 23,050 | 658,769 | |
Forestar Group, Inc. (a) | 112,689 | 2,342,804 | |
FRP Holdings, Inc. (a) | 34,273 | 1,977,552 | |
Howard Hughes Corp. (a) | 243,405 | 22,035,455 | |
InterGroup Corp. (a) | 1,743 | 81,224 | |
J.W. Mays, Inc. (a) | 15 | 466 | |
Jones Lang LaSalle, Inc. (a) | 277,049 | 67,164,989 | |
Kennedy-Wilson Holdings, Inc. | 666,077 | 14,647,033 | |
Marcus & Millichap, Inc. (a) | 133,680 | 5,242,930 | |
Maui Land & Pineapple, Inc. (a) | 29,867 | 327,940 | |
Newmark Group, Inc. | 889,514 | 12,115,181 | |
Opendoor Technologies, Inc. (a)(b) | 1,838,718 | 32,600,470 | |
Rafael Holdings, Inc. (a)(b) | 61,907 | 2,590,808 | |
RE/MAX Holdings, Inc. | 108,426 | 3,631,187 | |
Realogy Holdings Corp. (a) | 621,995 | 10,916,012 | |
Redfin Corp. (a)(b) | 561,964 | 27,294,591 | |
Stratus Properties, Inc. (a) | 42,018 | 1,266,002 | |
Tejon Ranch Co. (a) | 127,257 | 2,445,880 | |
The RMR Group, Inc. | 91,039 | 4,218,747 | |
The St. Joe Co. (b) | 174,581 | 8,077,863 | |
Transcontinental Realty Investors, Inc. (a) | 1,782 | 61,925 | |
Trinity Place Holdings, Inc. (a) | 39,666 | 84,092 | |
247,409,000 | |||
TOTAL REAL ESTATE | 3,076,313,129 | ||
UTILITIES - 1.9% | |||
Electric Utilities - 0.7% | |||
Allete, Inc. | 283,753 | 19,130,627 | |
Avangrid, Inc. | 386,292 | 21,110,858 | |
Genie Energy Ltd. Class B | 110,023 | 743,755 | |
Hawaiian Electric Industries, Inc. | 595,074 | 25,945,226 | |
IDACORP, Inc. | 275,896 | 29,065,644 | |
MGE Energy, Inc. | 199,361 | 16,056,535 | |
OGE Energy Corp. | 1,073,202 | 38,002,083 | |
Otter Tail Corp. | 227,954 | 12,507,836 | |
PG&E Corp. (a) | 8,031,995 | 73,653,394 | |
PNM Resources, Inc. | 469,376 | 23,234,112 | |
Portland General Electric Co. | 484,479 | 24,877,997 | |
Via Renewables, Inc. Class A, (b) | 64,727 | 724,942 | |
285,053,009 | |||
Gas Utilities - 0.5% | |||
Chesapeake Utilities Corp. | 95,134 | 12,434,014 | |
National Fuel Gas Co. | 492,392 | 25,510,830 | |
New Jersey Resources Corp. | 519,731 | 19,406,756 | |
Northwest Natural Holding Co. (b) | 170,063 | 8,749,741 | |
ONE Gas, Inc. | 290,499 | 20,863,638 | |
RGC Resources, Inc. (b) | 49,903 | 1,199,668 | |
South Jersey Industries, Inc. | 596,201 | 14,791,747 | |
Southwest Gas Corp. | 308,703 | 21,704,908 | |
Spire, Inc. | 281,137 | 18,751,838 | |
UGI Corp. | 1,129,713 | 52,317,009 | |
195,730,149 | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
Clearway Energy, Inc.: | |||
Class A | 179,354 | 5,333,988 | |
Class C | 422,511 | 13,262,620 | |
Ormat Technologies, Inc. (b) | 243,179 | 17,297,322 | |
Sunnova Energy International, Inc. (a)(b) | 349,900 | 12,666,380 | |
Vistra Corp. | 2,594,385 | 49,526,810 | |
98,087,120 | |||
Multi-Utilities - 0.2% | |||
Avista Corp. (b) | 378,652 | 15,846,586 | |
Black Hills Corp. | 340,374 | 23,938,503 | |
MDU Resources Group, Inc. | 1,093,278 | 35,170,753 | |
NorthWestern Energy Corp. | 271,046 | 17,238,526 | |
Unitil Corp. | 79,031 | 3,919,938 | |
96,114,306 | |||
Water Utilities - 0.3% | |||
American States Water Co. | 200,084 | 18,449,746 | |
Artesian Resources Corp. Class A | 44,801 | 1,765,607 | |
Cadiz, Inc. (a)(b) | 190,483 | 2,560,092 | |
California Water Service Group (b) | 281,754 | 17,905,467 | |
Essential Utilities, Inc. | 1,219,415 | 60,519,566 | |
Global Water Resources, Inc. | 35,173 | 703,460 | |
Middlesex Water Co. (b) | 91,851 | 10,049,418 | |
Pure Cycle Corp. (a) | 141,539 | 2,116,008 | |
SJW Corp. | 153,420 | 10,636,609 | |
York Water Co. | 71,654 | 3,695,197 | |
128,401,170 | |||
TOTAL UTILITIES | 803,385,754 | ||
TOTAL COMMON STOCKS | |||
(Cost $26,782,440,535) | 42,971,801,534 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
ENERGY - 0.0% | |||
Oil, Gas & Consumable Fuels - 0.0% | |||
Meta Materials, Inc. Series A (c) | 678,259 | 786,780 | |
INDUSTRIALS - 0.0% | |||
Air Freight & Logistics - 0.0% | |||
Air T Funding 8.00% | 86 | 2,142 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $167,977) | 788,922 | ||
Principal Amount | Value | ||
Nonconvertible Bonds - 0.0% | |||
FINANCIALS - 0.0% | |||
Capital Markets - 0.0% | |||
GAMCO Investors, Inc. 4% 6/15/23 (Cost $43,000)(c)(e) | 43,000 | 42,995 | |
Shares | Value | ||
Money Market Funds - 7.9% | |||
Fidelity Cash Central Fund 0.06% (f) | 21,227,694 | 21,231,940 | |
Fidelity Securities Lending Cash Central Fund 0.06% (f)(g) | 3,349,277,831 | 3,349,612,759 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $3,370,844,699) | 3,370,844,699 | ||
TOTAL INVESTMENT IN SECURITIES - 107.9% | |||
(Cost $30,153,496,211) | 46,343,478,150 | ||
NET OTHER ASSETS (LIABILITIES) - (7.9)% | (3,385,777,648) | ||
NET ASSETS - 100% | $42,957,700,502 |
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) | 375 | Sept. 2021 | $42,585,000 | $1,540,618 | $1,540,618 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 104 | Sept. 2021 | 28,620,800 | 859,598 | 859,598 |
TOTAL FUTURES CONTRACTS | $2,400,216 |
The notional amount of futures purchased as a percentage of Net Assets is 0.2%
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 $19,711,801 or 0.0% of net assets.
(e) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $232,870,377 | $4,031,452,567 | $4,243,091,004 | $34,734 | $-- | $-- | $21,231,940 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | 2,631,791,083 | 6,843,562,786 | 6,125,741,110 | 15,061,424 | -- | -- | 3,349,612,759 | 10.2% |
Total | $2,864,661,460 | $10,875,015,353 | $10,368,832,114 | $15,096,158 | $-- | $-- | $3,370,844,699 |
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 August 31, 2021, 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 | $2,583,643,695 | $2,582,582,138 | $-- | $1,061,557 |
Consumer Discretionary | 5,012,642,237 | 5,012,629,746 | -- | 12,491 |
Consumer Staples | 1,110,967,600 | 1,110,967,600 | -- | -- |
Energy | 950,506,689 | 949,719,909 | -- | 786,780 |
Financials | 6,113,668,857 | 6,113,668,857 | -- | -- |
Health Care | 6,099,225,474 | 6,097,817,524 | 309 | 1,407,641 |
Industrials | 5,716,575,361 | 5,716,544,983 | -- | 30,378 |
Information Technology | 9,882,839,966 | 9,882,833,726 | -- | 6,240 |
Materials | 1,622,821,694 | 1,622,821,694 | -- | -- |
Real Estate | 3,076,313,129 | 3,076,313,129 | -- | -- |
Utilities | 803,385,754 | 803,385,754 | -- | -- |
Corporate Bonds | 42,995 | -- | -- | 42,995 |
Money Market Funds | 3,370,844,699 | 3,370,844,699 | -- | -- |
Total Investments in Securities: | $46,343,478,150 | $46,340,129,759 | $309 | $3,348,082 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $2,400,216 | $2,400,216 | $-- | $-- |
Total Assets | $2,400,216 | $2,400,216 | $-- | $-- |
Total Derivative Instruments: | $2,400,216 | $2,400,216 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2021. 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) | $2,400,216 | $0 |
Total Equity Risk | 2,400,216 | 0 |
Total Value of Derivatives | $2,400,216 | $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® Extended Market Index Fund
Financial Statements
Statement of Assets and Liabilities
August 31, 2021 (Unaudited) | ||
Assets | ||
Investment in securities, at value (including securities loaned of $3,276,959,032) — See accompanying schedule: Unaffiliated issuers (cost $26,782,651,512) | $42,972,523,925 | |
Fidelity Central Funds (cost $3,370,844,699) | 3,370,844,699 | |
Total Investment in Securities (cost $30,153,496,211) | $46,343,478,150 | |
Segregated cash with brokers for derivative instruments | 3,795,000 | |
Cash | 2,247,412 | |
Receivable for fund shares sold | 22,582,573 | |
Dividends receivable | 17,001,594 | |
Interest receivable | 367 | |
Distributions receivable from Fidelity Central Funds | 1,789,025 | |
Receivable for daily variation margin on futures contracts | 9,918 | |
Other receivables | 779,039 | |
Total assets | 46,391,683,078 | |
Liabilities | ||
Payable for investments purchased | $53,070,073 | |
Payable for fund shares redeemed | 29,051,198 | |
Accrued management fee | 1,230,861 | |
Other payables and accrued expenses | 779,532 | |
Collateral on securities loaned | 3,349,850,912 | |
Total liabilities | 3,433,982,576 | |
Net Assets | $42,957,700,502 | |
Net Assets consist of: | ||
Paid in capital | $25,943,383,953 | |
Total accumulated earnings (loss) | 17,014,316,549 | |
Net Assets | $42,957,700,502 | |
Net Asset Value, offering price and redemption price per share ($42,957,700,502 ÷ 469,811,039 shares) | $91.44 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Six months ended August 31, 2021 (Unaudited) | ||
Investment Income | ||
Dividends | $188,281,149 | |
Interest | 3,541 | |
Income from Fidelity Central Funds (including $15,061,424 from security lending) | 15,096,158 | |
Total income | 203,380,848 | |
Expenses | ||
Management fee | $6,945,630 | |
Independent trustees' fees and expenses | 71,422 | |
Total expenses before reductions | 7,017,052 | |
Expense reductions | (1,727) | |
Total expenses after reductions | 7,015,325 | |
Net investment income (loss) | 196,365,523 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 744,884,677 | |
Futures contracts | 17,135,178 | |
Total net realized gain (loss) | 762,019,855 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 1,933,795,643 | |
Futures contracts | (15,819,057) | |
Total change in net unrealized appreciation (depreciation) | 1,917,976,586 | |
Net gain (loss) | 2,679,996,441 | |
Net increase (decrease) in net assets resulting from operations | $2,876,361,964 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Six months ended August 31, 2021 (Unaudited) | Year ended February 28, 2021 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $196,365,523 | $289,677,113 |
Net realized gain (loss) | 762,019,855 | 2,569,587,232 |
Change in net unrealized appreciation (depreciation) | 1,917,976,586 | 9,489,806,069 |
Net increase (decrease) in net assets resulting from operations | 2,876,361,964 | 12,349,070,414 |
Distributions to shareholders | (2,251,130,427) | (682,073,096) |
Share transactions | ||
Proceeds from sales of shares | 9,430,939,192 | 7,800,489,305 |
Reinvestment of distributions | 2,168,566,829 | 654,798,471 |
Cost of shares redeemed | (4,868,763,095) | (7,704,086,360) |
Net increase (decrease) in net assets resulting from share transactions | 6,730,742,926 | 751,201,416 |
Total increase (decrease) in net assets | 7,355,974,463 | 12,418,198,734 |
Net Assets | ||
Beginning of period | 35,601,726,039 | 23,183,527,305 |
End of period | $42,957,700,502 | $35,601,726,039 |
Other Information | ||
Shares | ||
Sold | 105,258,683 | 111,885,482 |
Issued in reinvestment of distributions | 24,923,189 | 11,121,701 |
Redeemed | (54,629,934) | (117,974,072) |
Net increase (decrease) | 75,551,938 | 5,033,111 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Extended Market Index Fund
Six months ended (Unaudited) August 31, | Years endedFebruary 28, | |||||
2021 | 2021 | 2020 A | 2019 | 2018 | 2017 | |
Selected Per–Share Data | ||||||
Net asset value, beginning of period | $90.30 | $59.56 | $62.22 | $61.68 | $58.09 | $45.99 |
Income from Investment Operations | ||||||
Net investment income (loss)B | .44 | .75 | .86 | .88 | .83 | .81 |
Net realized and unrealized gain (loss) | 6.06 | 31.78 | (.72) | 2.89 | 6.24 | 13.98 |
Total from investment operations | 6.50 | 32.53 | .14 | 3.77 | 7.07 | 14.79 |
Distributions from net investment income | (.08) | (.78) | (.92) | (.90) | (.81) | (.76) |
Distributions from net realized gain | (5.29) | (1.01) | (1.88) | (2.33) | (2.67) | (1.93) |
Total distributions | (5.36)C | (1.79) | (2.80) | (3.23) | (3.48) | (2.69) |
Redemption fees added to paid in capitalB | – | – | – | – | – | –D |
Net asset value, end of period | $91.44 | $90.30 | $59.56 | $62.22 | $61.68 | $58.09 |
Total ReturnE,F | 7.51% | 56.23% | - %G | 6.77% | 12.35% | 32.58% |
Ratios to Average Net AssetsH,I | ||||||
Expenses before reductions | .04%J | .04% | .05% | .05% | .05% | .05% |
Expenses net of fee waivers, if any | .04%J | .04% | .05% | .05% | .05% | .05% |
Expenses net of all reductions | .04%J | .04% | .05% | .05% | .05% | .05% |
Net investment income (loss) | .98%J | 1.12% | 1.38% | 1.47% | 1.37% | 1.52% |
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $42,957,701 | $35,601,726 | $23,183,527 | $23,012,061 | $2,985,201 | $2,219,377 |
Portfolio turnover rateK | 13%J,L | 26%L | 15% | 13%L | 11% | 12% |
A For the year ended February 29.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Amount represents less than $.005 per share.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G Amount represents less than .005%.
H 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.
I 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.
J Annualized
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
L Portfolio turnover rate excludes securities received or delivered in-kind.
See accompanying notes which are an integral part of the financial statements.
Fidelity® International Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of August 31, 2021
% of fund's net assets | |
Nestle SA (Reg. S) (Switzerland, Food Products) | 2.0 |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.0 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.6 |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.2 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.2 |
Toyota Motor Corp. (Japan, Automobiles) | 1.0 |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.0 |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 0.9 |
SAP SE (Germany, Software) | 0.9 |
Unilever PLC (United Kingdom, Personal Products) | 0.8 |
12.6 |
Top Market Sectors as of August 31, 2021
% of fund's net assets | |
Financials | 15.8 |
Industrials | 15.6 |
Consumer Discretionary | 12.6 |
Health Care | 12.5 |
Consumer Staples | 10.0 |
Information Technology | 9.7 |
Materials | 8.0 |
Communication Services | 4.4 |
Utilities | 3.3 |
Energy | 2.9 |
Geographic Diversification (% of fund's net assets)
As of August 31, 2021 | ||
Japan | 22.3% | |
United Kingdom | 13.1% | |
France | 10.2% | |
Switzerland | 9.9% | |
Germany | 8.9% | |
Australia | 6.6% | |
Netherlands | 6.2% | |
Sweden | 3.5% | |
Denmark | 2.6% | |
Other* | 16.7% |
* 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.
Fidelity® International Index Fund
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 96.9% | |||
Shares | Value | ||
Australia - 6.6% | |||
Afterpay Ltd. (a) | 487,693 | $48,017,919 | |
AGL Energy Ltd. | 1,399,895 | 6,605,401 | |
Ampol Ltd. | 535,599 | 10,798,489 | |
APA Group unit | 2,651,534 | 17,806,719 | |
Aristocrat Leisure Ltd. | 1,290,556 | 43,117,332 | |
ASX Ltd. | 434,851 | 27,920,975 | |
Aurizon Holdings Ltd. | 4,137,771 | 11,442,009 | |
AusNet Services | 4,272,719 | 6,048,244 | |
Australia & New Zealand Banking Group Ltd. | 6,391,392 | 130,216,096 | |
BHP Group Ltd. | 6,616,273 | 218,910,169 | |
BlueScope Steel Ltd. | 1,131,274 | 20,855,104 | |
Brambles Ltd. | 3,243,516 | 28,734,537 | |
Cochlear Ltd. | 147,748 | 25,205,434 | |
Coles Group Ltd. | 2,996,646 | 39,634,911 | |
Commonwealth Bank of Australia | 3,984,888 | 291,864,300 | |
Computershare Ltd. | 1,221,198 | 14,740,562 | |
Crown Ltd. (a) | 836,862 | 5,699,642 | |
CSL Ltd. | 1,022,303 | 233,289,246 | |
Dexus unit | 2,415,129 | 18,798,620 | |
Dominos Pizza Enterprises Ltd. | 136,074 | 15,602,673 | |
Endeavour Group Ltd. | 3,015,453 | 16,103,469 | |
Evolution Mining Ltd. | 4,069,679 | 11,640,749 | |
Fortescue Metals Group Ltd. | 3,802,861 | 58,421,642 | |
Goodman Group unit | 3,734,015 | 63,182,340 | |
Insurance Australia Group Ltd. | 5,540,095 | 21,236,968 | |
Lendlease Group unit | 1,548,276 | 13,523,737 | |
Macquarie Group Ltd. | 771,875 | 94,152,268 | |
Magellan Financial Group Ltd. | 309,564 | 9,814,843 | |
Medibank Private Ltd. | 6,185,164 | 16,062,886 | |
Mirvac Group unit | 8,845,204 | 20,188,612 | |
National Australia Bank Ltd. | 7,408,993 | 149,373,892 | |
Newcrest Mining Ltd. | 1,834,777 | 33,206,798 | |
Northern Star Resources Ltd. | 2,481,996 | 17,721,273 | |
Orica Ltd. | 914,359 | 8,809,404 | |
Origin Energy Ltd. | 3,957,224 | 12,882,337 | |
Qantas Airways Ltd. | 2,076,374 | 7,731,564 | |
QBE Insurance Group Ltd. | 3,314,822 | 28,524,993 | |
Ramsay Health Care Ltd. | 411,331 | 20,732,643 | |
REA Group Ltd. | 118,865 | 13,347,699 | |
Reece Ltd. | 652,864 | 9,972,344 | |
Rio Tinto Ltd. | 833,553 | 68,332,585 | |
Santos Ltd. | 4,211,550 | 18,639,804 | |
Scentre Group unit | 11,663,633 | 24,317,713 | |
SEEK Ltd. | 755,753 | 17,990,426 | |
Sonic Healthcare Ltd. | 1,020,099 | 32,387,399 | |
South32 Ltd. | 10,594,026 | 24,335,188 | |
Stockland Corp. Ltd. unit | 5,363,974 | 18,128,950 | |
Suncorp Group Ltd. | 2,882,135 | 26,313,155 | |
Sydney Airport unit (a) | 2,970,874 | 17,321,543 | |
Tabcorp Holdings Ltd. | 4,988,664 | 17,480,900 | |
Telstra Corp. Ltd. | 9,368,820 | 26,318,440 | |
The GPT Group unit | 4,318,111 | 15,320,733 | |
Transurban Group unit | 6,151,975 | 63,951,783 | |
Treasury Wine Estates Ltd. | 1,621,174 | 14,978,799 | |
Vicinity Centres unit | 8,697,375 | 11,007,237 | |
Washington H. Soul Pattinson & Co. Ltd. (b) | 242,015 | 6,341,790 | |
Wesfarmers Ltd. | 2,547,135 | 111,708,229 | |
Westpac Banking Corp. | 8,240,092 | 155,025,306 | |
WiseTech Global Ltd. | 328,863 | 11,629,624 | |
Woodside Petroleum Ltd. | 2,164,845 | 30,866,164 | |
Woolworths Group Ltd. | 2,847,579 | 86,971,363 | |
TOTAL AUSTRALIA | 2,641,305,974 | ||
Austria - 0.2% | |||
Erste Group Bank AG | 628,075 | 25,110,561 | |
OMV AG | 331,274 | 18,356,753 | |
Raiffeisen International Bank-Holding AG | 333,624 | 8,012,466 | |
Verbund AG | 153,062 | 16,762,518 | |
Voestalpine AG | 260,655 | 11,818,306 | |
TOTAL AUSTRIA | 80,060,604 | ||
Bailiwick of Jersey - 0.8% | |||
Experian PLC | 2,074,585 | 91,510,230 | |
Ferguson PLC | 502,129 | 72,521,484 | |
Glencore Xstrata PLC | 22,454,317 | 101,218,118 | |
WPP PLC | 2,712,881 | 36,783,565 | |
TOTAL BAILIWICK OF JERSEY | 302,033,397 | ||
Belgium - 0.8% | |||
Ageas | 393,191 | 19,661,423 | |
Anheuser-Busch InBev SA NV | 1,711,189 | 104,951,063 | |
Colruyt NV | 122,614 | 6,860,957 | |
Elia System Operator SA/NV | 69,465 | 8,727,013 | |
Groupe Bruxelles Lambert SA | 253,399 | 29,052,404 | |
KBC Groep NV | 561,630 | 47,308,737 | |
Proximus | 345,032 | 6,764,819 | |
Sofina SA | 34,598 | 15,294,835 | |
Solvay SA Class A | 166,528 | 21,815,870 | |
UCB SA | 284,099 | 32,498,386 | |
Umicore SA | 442,758 | 29,140,120 | |
TOTAL BELGIUM | 322,075,627 | ||
Bermuda - 0.1% | |||
CK Infrastructure Holdings Ltd. | 1,488,950 | 9,045,752 | |
Hongkong Land Holdings Ltd. | 2,623,343 | 11,018,041 | |
Jardine Matheson Holdings Ltd. | 486,257 | 26,413,480 | |
TOTAL BERMUDA | 46,477,273 | ||
Cayman Islands - 0.7% | |||
Budweiser Brewing Co. APAC Ltd. (c) | 3,865,400 | 9,671,638 | |
Chow Tai Fook Jewellery Group Ltd. | 4,493,800 | 9,106,107 | |
CK Asset Holdings Ltd. | 4,506,023 | 29,374,071 | |
CK Hutchison Holdings Ltd. | 6,064,425 | 44,250,509 | |
ESR Cayman Ltd. (a)(c) | 4,469,400 | 13,619,474 | |
Futu Holdings Ltd. ADR (a)(b) | 114,367 | 10,886,595 | |
Melco Crown Entertainment Ltd. sponsored ADR (a) | 484,110 | 6,661,354 | |
Sands China Ltd. (a) | 5,452,800 | 17,517,660 | |
Sea Ltd. ADR (a) | 154,779 | 52,364,831 | |
SITC International Holdings Co. Ltd. | 3,014,000 | 13,137,288 | |
WH Group Ltd. (b)(c) | 21,539,000 | 18,693,563 | |
Wharf Real Estate Investment Co. Ltd. | 3,751,585 | 18,595,247 | |
Wynn Macau Ltd. (a) | 3,502,400 | 3,944,869 | |
Xinyi Glass Holdings Ltd. | 4,094,000 | 17,213,071 | |
TOTAL CAYMAN ISLANDS | 265,036,277 | ||
Denmark - 2.6% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 7,024 | 19,014,830 | |
Series B | 13,038 | 37,142,138 | |
Ambu A/S Series B | 376,299 | 11,895,642 | |
Carlsberg A/S Series B | 225,292 | 39,330,055 | |
Christian Hansen Holding A/S | 236,890 | 21,860,288 | |
Coloplast A/S Series B | 266,902 | 46,233,858 | |
Danske Bank A/S | 1,548,325 | 26,021,752�� | |
Demant A/S (a) | 242,752 | 13,759,878 | |
DSV Panalpina A/S | 452,779 | 115,383,807 | |
Genmab A/S (a) | 147,396 | 69,787,379 | |
GN Store Nord A/S | 279,329 | 21,017,753 | |
Novo Nordisk A/S Series B | 3,782,488 | 378,664,751 | |
Novozymes A/S Series B | 461,299 | 37,266,033 | |
ORSTED A/S (c) | 424,935 | 67,536,746 | |
Pandora A/S | 224,513 | 26,877,965 | |
Rockwool International A/S Series B | 18,795 | 9,946,292 | |
Tryg A/S | 808,196 | 20,011,776 | |
Vestas Wind Systems A/S | 2,268,462 | 91,592,818 | |
TOTAL DENMARK | 1,053,343,761 | ||
Finland - 1.3% | |||
Elisa Corp. (A Shares) | 320,118 | 20,501,599 | |
Fortum Corp. | 997,252 | 30,285,436 | |
Kesko Oyj | 613,396 | 25,320,386 | |
Kone OYJ (B Shares) | 763,438 | 63,316,402 | |
Neste Oyj | 950,163 | 57,822,982 | |
Nokia Corp. (a) | 12,114,091 | 72,662,862 | |
Nordea Bank ABP | 7,273,878 | 85,432,014 | |
Orion Oyj (B Shares) | 237,768 | 9,694,110 | |
Sampo Oyj (A Shares) | 1,119,780 | 57,832,164 | |
Stora Enso Oyj (R Shares) | 1,306,666 | 25,572,670 | |
UPM-Kymmene Corp. | 1,198,786 | 48,734,514 | |
Wartsila Corp. | 1,063,004 | 15,067,979 | |
TOTAL FINLAND | 512,243,118 | ||
France - 10.1% | |||
Accor SA (a) | 381,746 | 13,143,771 | |
Aeroports de Paris SA (a)(b) | 66,787 | 7,841,714 | |
Air Liquide SA | 708,158 | 126,931,896 | |
Alstom SA | 714,643 | 30,724,746 | |
Amundi SA (c) | 136,322 | 12,901,120 | |
Arkema SA | 137,867 | 18,297,198 | |
Atos Origin SA | 222,538 | 11,551,006 | |
AXA SA | 4,347,826 | 122,145,679 | |
bioMerieux SA | 93,162 | 11,423,607 | |
BNP Paribas SA | 2,526,793 | 160,072,029 | |
Bollore SA | 1,986,751 | 11,752,740 | |
Bouygues SA | 514,615 | 21,528,390 | |
Bureau Veritas SA | 658,839 | 21,867,448 | |
Capgemini SA | 360,269 | 80,887,456 | |
Carrefour SA | 1,378,713 | 27,430,374 | |
CNP Assurances (b) | 385,836 | 6,603,572 | |
Compagnie de St. Gobain | 1,136,986 | 82,423,466 | |
Compagnie Generale des Etablissements Michelin SCA Series B | 380,625 | 61,621,628 | |
Covivio | 116,652 | 11,090,571 | |
Credit Agricole SA | 2,621,429 | 37,793,031 | |
Danone SA | 1,467,565 | 107,170,083 | |
Dassault Aviation SA | 5,616 | 6,332,693 | |
Dassault Systemes SA | 1,491,908 | 85,092,657 | |
Edenred SA | 554,117 | 31,405,135 | |
EDF SA (a) | 200,740 | 2,719,848 | |
EDF SA | 1,044,842 | 14,156,675 | |
Eiffage SA | 192,144 | 19,969,452 | |
ENGIE | 4,101,806 | 58,757,793 | |
Essilor International SA | 640,980 | 125,831,742 | |
Eurazeo SA | 89,027 | 9,155,833 | |
Faurecia SA | 263,670 | 12,714,650 | |
Gecina SA | 103,010 | 16,000,303 | |
Getlink SE | 989,719 | 15,910,635 | |
Hermes International SCA | 71,128 | 104,518,568 | |
Iliad SA | 33,383 | 7,173,890 | |
Ipsen SA | 84,745 | 8,473,306 | |
Kering SA | 168,479 | 134,079,885 | |
Klepierre SA | 463,709 | 11,333,755 | |
L'Oreal SA | 364,757 | 170,681,190 | |
L'Oreal SA (a) | 201,944 | 94,495,903 | |
La Francaise des Jeux SAEM (c) | 214,311 | 11,086,020 | |
Legrand SA | 600,786 | 68,930,718 | |
LVMH Moet Hennessy Louis Vuitton SE | 623,554 | 461,935,266 | |
Orange SA | 4,489,075 | 51,037,193 | |
Orpea | 116,173 | 14,622,457 | |
Pernod Ricard SA | 470,434 | 98,844,987 | |
Publicis Groupe SA | 501,595 | 32,882,181 | |
Remy Cointreau SA | 50,975 | 10,039,480 | |
Renault SA (a) | 432,223 | 16,050,423 | |
Safran SA | 767,690 | 96,303,298 | |
Sanofi SA | 2,548,877 | 264,162,079 | |
Sartorius Stedim Biotech | 62,115 | 37,668,598 | |
Schneider Electric SA | 1,210,183 | 216,219,162 | |
SCOR SE | 356,743 | 10,947,620 | |
SEB SA | 62,082 | 9,764,002 | |
Societe Generale Series A | 1,821,419 | 57,327,556 | |
Sodexo SA (a) | 84,696 | 7,002,336 | |
Sodexo SA (a) | 113,979 | 9,423,341 | |
Suez Environnement SA | 788,518 | 18,294,988 | |
Teleperformance | 131,807 | 58,268,290 | |
Thales SA | 239,278 | 24,280,413 | |
Total SA | 5,611,849 | 248,226,830 | |
Ubisoft Entertainment SA (a) | 208,320 | 13,232,889 | |
Valeo SA | 516,187 | 14,676,466 | |
Veolia Environnement SA | 1,236,452 | 42,411,277 | |
VINCI SA | 1,196,311 | 128,386,144 | |
Vivendi SA | 1,598,638 | 60,894,605 | |
Wendel SA | 60,252 | 8,743,419 | |
Worldline SA (a)(c) | 533,775 | 47,439,281 | |
TOTAL FRANCE | 4,053,106,757 | ||
Germany - 8.3% | |||
adidas AG | 427,639 | 151,707,646 | |
Allianz SE | 926,060 | 217,573,755 | |
BASF AG | 2,062,997 | 159,591,823 | |
Bayer AG | 2,206,854 | 122,769,211 | |
Bayerische Motoren Werke AG (BMW) | 736,514 | 69,892,879 | |
Bechtle AG (b) | 184,159 | 13,312,028 | |
Beiersdorf AG | 226,318 | 27,457,367 | |
Brenntag AG | 346,861 | 34,992,475 | |
Carl Zeiss Meditec AG (b) | 90,467 | 19,985,818 | |
Commerzbank AG (a) | 2,251,419 | 14,115,907 | |
Continental AG (a) | 247,125 | 33,210,553 | |
Covestro AG (c) | 433,991 | 28,132,675 | |
Daimler AG (Germany) | 1,922,490 | 162,121,977 | |
Delivery Hero AG (a)(c) | 363,853 | 52,671,342 | |
Deutsche Bank AG (a) | 4,642,064 | 57,705,201 | |
Deutsche Borse AG | 426,732 | 73,614,503 | |
Deutsche Lufthansa AG (a)(b) | 670,685 | 6,719,368 | |
Deutsche Post AG | 2,226,465 | 156,629,776 | |
Deutsche Telekom AG | 7,489,591 | 159,253,078 | |
Deutsche Wohnen SE (Bearer) (b) | 767,797 | 47,649,651 | |
E.ON AG | 5,041,380 | 66,538,268 | |
Evonik Industries AG | 470,630 | 15,892,916 | |
Fresenius Medical Care AG & Co. KGaA | 460,565 | 35,412,826 | |
Fresenius SE & Co. KGaA | 939,372 | 48,858,652 | |
GEA Group AG | 344,743 | 15,919,933 | |
Hannover Reuck SE | 135,440 | 24,939,646 | |
HeidelbergCement AG | 334,144 | 29,038,183 | |
HelloFresh AG (a) | 371,000 | 39,985,957 | |
Henkel AG & Co. KGaA | 232,561 | 20,924,246 | |
Infineon Technologies AG | 2,933,363 | 124,895,993 | |
KION Group AG | 162,031 | 17,337,247 | |
Knorr-Bremse AG | 162,942 | 19,556,826 | |
Lanxess AG | 186,470 | 13,593,571 | |
LEG Immobilien AG | 161,923 | 25,810,729 | |
Merck KGaA | 290,344 | 68,976,124 | |
MTU Aero Engines AG | 119,917 | 27,518,405 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 314,719 | 91,953,524 | |
Nemetschek Se | 130,186 | 12,761,595 | |
Puma AG | 236,996 | 28,766,835 | |
Rational AG | 11,497 | 13,148,825 | |
RWE AG | 1,442,930 | 56,376,743 | |
SAP SE | 2,345,794 | 352,361,776 | |
Scout24 AG (c) | 196,883 | 16,551,836 | |
Siemens AG | 1,718,356 | 285,066,367 | |
Siemens Healthineers AG (c) | 633,704 | 44,071,689 | |
Symrise AG | 288,881 | 41,136,207 | |
TeamViewer AG (a)(c) | 361,548 | 12,042,787 | |
Telefonica Deutschland Holding AG | 2,346,872 | 6,586,831 | |
Uniper SE | 206,370 | 8,194,668 | |
United Internet AG | 218,875 | 9,461,366 | |
Volkswagen AG | 73,238 | 24,489,938 | |
Vonovia SE | 1,227,585 | 82,851,762 | |
Zalando SE (a)(c) | 498,165 | 55,173,941 | |
TOTAL GERMANY | 3,345,303,245 | ||
Hong Kong - 2.3% | |||
AIA Group Ltd. | 27,171,000 | 324,441,498 | |
BOC Hong Kong (Holdings) Ltd. | 8,310,066 | 25,216,177 | |
CLP Holdings Ltd. | 3,688,657 | 36,874,950 | |
Galaxy Entertainment Group Ltd. (a) | 4,888,000 | 31,329,909 | |
Hang Lung Properties Ltd. | 4,553,423 | 10,936,482 | |
Hang Seng Bank Ltd. | 1,717,101 | 30,732,497 | |
Henderson Land Development Co. Ltd. | 3,266,381 | 14,783,330 | |
Hong Kong & China Gas Co. Ltd. | 25,158,640 | 40,449,045 | |
Hong Kong Exchanges and Clearing Ltd. | 2,705,438 | 170,728,063 | |
Link (REIT) | 4,675,482 | 43,012,907 | |
MTR Corp. Ltd. | 3,472,342 | 19,555,070 | |
New World Development Co. Ltd. | 3,425,450 | 16,119,868 | |
Power Assets Holdings Ltd. | 3,117,676 | 19,582,057 | |
Sino Land Ltd. | 7,487,432 | 11,032,661 | |
SJM Holdings Ltd. (a) | 4,469,000 | 3,890,109 | |
Sun Hung Kai Properties Ltd. | 2,929,676 | 41,285,060 | |
Swire Pacific Ltd. (A Shares) | 1,120,384 | 7,591,722 | |
Swire Properties Ltd. | 2,631,000 | 7,120,914 | |
Techtronic Industries Co. Ltd. | 3,089,000 | 68,512,494 | |
TOTAL HONG KONG | 923,194,813 | ||
Ireland - 0.9% | |||
CRH PLC | 1,761,077 | 93,294,673 | |
DCC PLC (United Kingdom) | 222,290 | 18,887,032 | |
Flutter Entertainment PLC (Ireland) (a) | 374,198 | 72,792,199 | |
James Hardie Industries PLC CDI | 997,923 | 38,720,822 | |
Kerry Group PLC Class A | 357,634 | 52,446,722 | |
Kingspan Group PLC (Ireland) | 346,806 | 39,630,557 | |
Smurfit Kappa Group PLC | 552,755 | 31,706,488 | |
TOTAL IRELAND | 347,478,493 | ||
Isle of Man - 0.1% | |||
Entain PLC (a) | 1,316,466 | 34,986,204 | |
Israel - 0.6% | |||
Azrieli Group | 96,108 | 8,982,224 | |
Bank Hapoalim BM (Reg.) | 2,566,464 | 22,073,927 | |
Bank Leumi le-Israel BM | 3,278,667 | 27,085,440 | |
Check Point Software Technologies Ltd. (a) | 247,364 | 31,076,339 | |
CyberArk Software Ltd. (a) | 89,479 | 15,027,103 | |
Elbit Systems Ltd. (Israel) | 60,021 | 8,728,660 | |
Icl Group Ltd. | 1,598,408 | 11,306,153 | |
Israel Discount Bank Ltd. (Class A) (a) | 2,633,786 | 13,604,911 | |
Mizrahi Tefahot Bank Ltd. | 318,259 | 10,586,145 | |
NICE Systems Ltd. (a) | 137,747 | 40,184,439 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) | 2,480,464 | 23,365,971 | |
Wix.com Ltd. (a)(b) | 125,882 | 27,955,875 | |
TOTAL ISRAEL | 239,977,187 | ||
Italy - 1.8% | |||
Amplifon SpA | 279,686 | 14,622,994 | |
Assicurazioni Generali SpA | 2,483,561 | 50,643,665 | |
Atlantia SpA (a) | 1,113,545 | 20,872,740 | |
DiaSorin SpA | 56,595 | 12,913,844 | |
Enel SpA | 18,268,068 | 166,430,137 | |
Eni SpA | 5,670,333 | 69,958,285 | |
FinecoBank SpA | 1,369,401 | 25,248,209 | |
Infrastrutture Wireless Italiane SpA (c) | 758,970 | 9,024,269 | |
Intesa Sanpaolo SpA | 37,092,393 | 104,966,149 | |
Mediobanca SpA | 1,392,520 | 16,409,296 | |
Moncler SpA | 460,833 | 29,491,768 | |
Nexi SpA (a)(c) | 986,883 | 20,561,050 | |
Poste Italiane SpA (c) | 1,170,934 | 15,878,935 | |
Prysmian SpA | 572,174 | 21,531,195 | |
Recordati SpA | 234,900 | 15,410,020 | |
Snam Rete Gas SpA | 4,529,476 | 26,781,012 | |
Telecom Italia SpA | 22,204,256 | 10,049,235 | |
Telecom Italia SpA (Risparmio Shares) | 13,763,031 | 6,644,911 | |
Terna - Rete Elettrica Naziona | 3,159,519 | 24,980,111 | |
UniCredit SpA | 4,787,936 | 59,744,660 | |
TOTAL ITALY | 722,162,485 | ||
Japan - 22.3% | |||
ABC-MART, Inc. | 73,900 | 3,956,470 | |
ACOM Co. Ltd. | 888,100 | 3,430,828 | |
Advantest Corp. | 448,200 | 38,784,384 | |
AEON Co. Ltd. | 1,468,700 | 38,975,318 | |
AGC, Inc. | 434,235 | 20,998,320 | |
Aisin Seiki Co. Ltd. | 330,800 | 12,643,858 | |
Ajinomoto Co., Inc. | 1,048,666 | 30,921,897 | |
Ana Holdings, Inc. (a) | 358,800 | 8,497,509 | |
Asahi Group Holdings | 1,024,503 | 47,623,582 | |
ASAHI INTECC Co. Ltd. | 470,500 | 14,241,376 | |
Asahi Kasei Corp. | 2,816,127 | 29,078,946 | |
Astellas Pharma, Inc. | 4,181,500 | 70,581,698 | |
Azbil Corp. | 277,200 | 12,031,359 | |
Bandai Namco Holdings, Inc. | 448,750 | 31,167,557 | |
Bridgestone Corp. | 1,282,379 | 59,028,017 | |
Brother Industries Ltd. | 530,100 | 10,880,024 | |
Canon, Inc. | 2,246,944 | 53,459,581 | |
Capcom Co. Ltd. | 396,100 | 11,053,284 | |
Casio Computer Co. Ltd. | 436,000 | 6,733,300 | |
Central Japan Railway Co. | 323,900 | 47,474,322 | |
Chiba Bank Ltd. | 1,189,374 | 7,427,168 | |
Chubu Electric Power Co., Inc. | 1,446,064 | 17,468,700 | |
Chugai Pharmaceutical Co. Ltd. | 1,508,375 | 59,065,396 | |
Concordia Financial Group Ltd. | 2,444,384 | 9,487,361 | |
Cosmos Pharmaceutical Corp. | 44,900 | 7,950,298 | |
CyberAgent, Inc. | 908,800 | 16,694,858 | |
Dai Nippon Printing Co. Ltd. | 497,921 | 11,839,852 | |
Dai-ichi Mutual Life Insurance Co. | 2,288,600 | 45,131,279 | |
Daifuku Co. Ltd. | 227,400 | 20,091,151 | |
Daiichi Sankyo Kabushiki Kaisha | 3,936,110 | 93,541,422 | |
Daikin Industries Ltd. | 559,594 | 139,644,763 | |
Daito Trust Construction Co. Ltd. | 147,063 | 16,147,989 | |
Daiwa House Industry Co. Ltd. | 1,271,684 | 38,792,633 | |
Daiwa House REIT Investment Corp. | 4,430 | 13,106,985 | |
Daiwa Securities Group, Inc. | 3,241,185 | 18,339,660 | |
DENSO Corp. | 973,438 | 68,219,852 | |
Dentsu Group, Inc. | 485,900 | 18,020,015 | |
Disco Corp. | 64,800 | 18,877,789 | |
East Japan Railway Co. | 679,100 | 45,645,219 | |
Eisai Co. Ltd. | 532,878 | 44,009,721 | |
ENEOS Holdings, Inc. | 6,891,400 | 26,691,138 | |
FANUC Corp. | 430,872 | 93,870,230 | |
Fast Retailing Co. Ltd. | 131,067 | 86,397,117 | |
Fuji Electric Co. Ltd. | 284,930 | 12,340,967 | |
FUJIFILM Holdings Corp. | 809,205 | 66,698,822 | |
Fujitsu Ltd. | 441,707 | 81,503,905 | |
GLP J-REIT | 9,258 | 16,805,187 | |
GMO Payment Gateway, Inc. | 93,400 | 12,284,670 | |
Hakuhodo DY Holdings, Inc. | 524,500 | 8,252,597 | |
Hamamatsu Photonics K.K. | 314,900 | 18,376,203 | |
Hankyu Hanshin Holdings, Inc. | 513,900 | 15,391,542 | |
Harmonic Drive Systems, Inc. | 97,400 | 5,391,683 | |
Hikari Tsushin, Inc. | 46,900 | 8,214,907 | |
Hino Motors Ltd. | 645,100 | 5,588,150 | |
Hirose Electric Co. Ltd. | 72,877 | 12,142,303 | |
Hisamitsu Pharmaceutical Co., Inc. | 114,600 | 4,593,792 | |
Hitachi Construction Machinery Co. Ltd. | 241,500 | 6,925,715 | |
Hitachi Ltd. | 2,173,954 | 120,242,786 | |
Hitachi Metals Ltd. (a) | 480,800 | 9,286,915 | |
Honda Motor Co. Ltd. | 3,661,660 | 110,826,154 | |
Hoshizaki Corp. | 122,000 | 11,455,347 | |
Hoya Corp. | 830,416 | 134,207,122 | |
Hulic Co. Ltd. | 603,300 | 7,074,099 | |
Ibiden Co. Ltd. | 237,200 | 12,807,054 | |
Idemitsu Kosan Co. Ltd. | 468,115 | 11,224,718 | |
Iida Group Holdings Co. Ltd. | 330,000 | 8,386,856 | |
INPEX Corp. | 2,299,700 | 15,844,863 | |
Isuzu Motors Ltd. | 1,309,800 | 16,572,664 | |
ITO EN Ltd. | 120,100 | 7,598,018 | |
Itochu Corp. | 2,668,686 | 80,316,496 | |
ITOCHU Techno-Solutions Corp. | 215,600 | 6,672,890 | |
Japan Airlines Co. Ltd. (a) | 324,100 | 6,896,497 | |
Japan Exchange Group, Inc. | 1,144,000 | 27,233,886 | |
Japan Post Bank Co. Ltd. | 907,500 | 7,943,667 | |
Japan Post Holdings Co. Ltd. | 3,534,300 | 30,336,222 | |
Japan Post Insurance Co. Ltd. | 504,800 | 9,153,988 | |
Japan Real Estate Investment Corp. | 2,796 | 17,307,422 | |
Japan Retail Fund Investment Corp. | 15,679 | 15,235,060 | |
Japan Tobacco, Inc. | 2,692,100 | 52,182,914 | |
JFE Holdings, Inc. | 1,104,275 | 17,916,928 | |
JSR Corp. | 457,016 | 15,847,985 | |
Kajima Corp. | 1,009,858 | 13,062,109 | |
Kakaku.com, Inc. | 302,200 | 9,421,861 | |
Kansai Electric Power Co., Inc. | 1,580,336 | 15,873,029 | |
Kansai Paint Co. Ltd. | 397,500 | 10,301,073 | |
Kao Corp. | 1,081,950 | 65,360,539 | |
KDDI Corp. | 3,642,600 | 111,337,523 | |
Keio Corp. | 230,982 | 12,429,336 | |
Keisei Electric Railway Co. | 290,500 | 8,938,258 | |
Keyence Corp. | 437,048 | 262,709,487 | |
Kikkoman Corp. (b) | 326,749 | 24,532,534 | |
Kintetsu Group Holdings Co. Ltd. (a) | 385,410 | 13,172,218 | |
Kirin Holdings Co. Ltd. | 1,845,856 | 33,455,773 | |
Kobayashi Pharmaceutical Co. Ltd. | 119,500 | 9,352,316 | |
Kobe Bussan Co. Ltd. | 307,300 | 11,955,133 | |
Koei Tecmo Holdings Co. Ltd. | 132,410 | 5,662,765 | |
Koito Manufacturing Co. Ltd. | 234,800 | 14,363,532 | |
Komatsu Ltd. | 1,966,645 | 47,834,153 | |
Konami Holdings Corp. | 209,800 | 13,310,949 | |
Kose Corp. | 74,800 | 9,042,767 | |
Kubota Corp. | 2,306,964 | 47,695,220 | |
Kurita Water Industries Ltd. | 221,800 | 10,403,018 | |
Kyocera Corp. | 720,704 | 44,847,881 | |
Kyowa Hakko Kirin Co., Ltd. | 606,289 | 19,811,925 | |
Lasertec Corp. | 169,400 | 37,062,746 | |
Lawson, Inc. | 112,516 | 5,420,486 | |
Lion Corp. | 502,500 | 8,555,038 | |
LIXIL Group Corp. (b) | 598,059 | 17,422,889 | |
M3, Inc. | 991,100 | 66,673,918 | |
Makita Corp. | 503,100 | 28,901,441 | |
Marubeni Corp. | 3,511,944 | 27,951,263 | |
Mazda Motor Corp. (a) | 1,277,900 | 11,092,983 | |
McDonald's Holdings Co. (Japan) Ltd. | 178,700 | 8,527,701 | |
Medipal Holdings Corp. | 411,370 | 7,863,574 | |
Meiji Holdings Co. Ltd. | 274,358 | 16,858,247 | |
Mercari, Inc. (a) | 230,300 | 11,387,829 | |
Minebea Mitsumi, Inc. | 815,100 | 20,989,668 | |
Misumi Group, Inc. | 638,500 | 25,333,386 | |
Mitsubishi Chemical Holdings Corp. | 2,874,175 | 25,231,816 | |
Mitsubishi Corp. | 2,835,902 | 85,349,012 | |
Mitsubishi Electric Corp. | 4,098,906 | 56,091,469 | |
Mitsubishi Estate Co. Ltd. | 2,655,623 | 41,542,764 | |
Mitsubishi Gas Chemical Co., Inc. | 354,133 | 6,679,325 | |
Mitsubishi Heavy Industries Ltd. | 719,625 | 19,028,215 | |
Mitsubishi UFJ Financial Group, Inc. | 27,452,930 | 148,944,312 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 1,477,300 | 7,909,191 | |
Mitsui & Co. Ltd. | 3,409,923 | 75,287,033 | |
Mitsui Chemicals, Inc. | 413,536 | 14,283,841 | |
Mitsui Fudosan Co. Ltd. | 2,059,277 | 47,244,604 | |
Miura Co. Ltd. | 196,900 | 8,841,394 | |
Mizuho Financial Group, Inc. | 5,416,260 | 75,964,997 | |
MonotaRO Co. Ltd. | 562,700 | 12,444,204 | |
MS&AD Insurance Group Holdings, Inc. | 998,984 | 32,280,945 | |
Murata Manufacturing Co. Ltd. | 1,290,062 | 106,349,893 | |
Nabtesco Corp. | 253,000 | 10,026,633 | |
NEC Corp. | 551,554 | 28,977,704 | |
Nexon Co. Ltd. | 1,098,200 | 20,064,373 | |
NGK Insulators Ltd. | 578,609 | 9,598,340 | |
NH Foods Ltd. | 184,970 | 7,170,814 | |
Nidec Corp. | 1,004,468 | 114,739,149 | |
Nihon M&A Center, Inc. | 679,500 | 20,320,456 | |
Nintendo Co. Ltd. | 251,396 | 120,780,561 | |
Nippon Building Fund, Inc. | 3,338 | 21,694,042 | |
Nippon Express Co. Ltd. | 172,454 | 11,740,949 | |
Nippon Paint Holdings Co. Ltd. | 1,597,000 | 19,872,681 | |
Nippon Prologis REIT, Inc. | 4,635 | 16,704,790 | |
Nippon Sanso Holdings Corp. | 340,000 | 8,251,602 | |
Nippon Shinyaku Co. Ltd. | 110,400 | 8,961,251 | |
Nippon Steel & Sumitomo Metal Corp. | 1,921,063 | 39,254,189 | |
Nippon Telegraph & Telephone Corp. | 2,892,600 | 77,066,943 | |
Nippon Yusen KK | 362,957 | 29,263,542 | |
Nissan Chemical Corp. | 274,800 | 15,411,680 | |
Nissan Motor Co. Ltd. (a) | 5,215,148 | 27,359,159 | |
Nisshin Seifun Group, Inc. | 444,393 | 7,287,052 | |
Nissin Food Holdings Co. Ltd. | 142,523 | 11,089,369 | |
Nitori Holdings Co. Ltd. | 179,900 | 33,660,250 | |
Nitto Denko Corp. | 319,394 | 24,270,634 | |
Nomura Holdings, Inc. | 6,897,747 | 33,310,888 | |
Nomura Real Estate Holdings, Inc. | 265,800 | 6,801,136 | |
Nomura Real Estate Master Fund, Inc. | 9,518 | 14,681,676 | |
Nomura Research Institute Ltd. | 753,665 | 28,327,090 | |
NSK Ltd. | 865,876 | 6,076,047 | |
NTT Data Corp. | 1,417,800 | 25,529,808 | |
Obayashi Corp. | 1,459,604 | 12,020,190 | |
OBIC Co. Ltd. | 156,600 | 29,821,115 | |
Odakyu Electric Railway Co. Ltd. | 662,100 | 15,430,845 | |
Oji Holdings Corp. | 1,821,952 | 9,539,102 | |
Olympus Corp. | 2,617,416 | 54,993,929 | |
OMRON Corp. | 416,860 | 39,331,062 | |
Ono Pharmaceutical Co. Ltd. | 830,300 | 19,954,672 | |
Oracle Corp. Japan | 86,600 | 7,115,975 | |
Oriental Land Co. Ltd. | 449,224 | 68,027,740 | |
ORIX Corp. | 2,742,980 | 51,149,602 | |
ORIX JREIT, Inc. | 5,873 | 10,468,530 | |
Osaka Gas Co. Ltd. | 842,205 | 15,793,018 | |
Otsuka Corp. | 256,100 | 13,268,827 | |
Otsuka Holdings Co. Ltd. | 877,000 | 37,315,248 | |
Pan Pacific International Holdings Ltd. | 925,500 | 17,640,990 | |
Panasonic Corp. | 4,958,473 | 59,278,913 | |
PeptiDream, Inc. (a) | 215,000 | 7,582,602 | |
Persol Holdings Co. Ltd. | 398,200 | 9,309,371 | |
Pigeon Corp. | 259,400 | 7,509,785 | |
Pola Orbis Holdings, Inc. | 205,400 | 4,488,312 | |
Rakuten Group, Inc. | 1,947,400 | 20,391,808 | |
Recruit Holdings Co. Ltd. | 3,047,300 | 179,431,731 | |
Renesas Electronics Corp. (a) | 2,815,600 | 30,149,168 | |
Resona Holdings, Inc. | 4,791,500 | 18,540,577 | |
Ricoh Co. Ltd. | 1,505,970 | 15,331,422 | |
Rinnai Corp. | 81,000 | 8,709,994 | |
ROHM Co. Ltd. | 196,544 | 18,972,843 | |
Ryohin Keikaku Co. Ltd. | 567,900 | 12,172,051 | |
Santen Pharmaceutical Co. Ltd. | 809,300 | 12,064,282 | |
SBI Holdings, Inc. Japan | 549,060 | 13,325,367 | |
SCSK Corp. | 116,900 | 7,384,948 | |
Secom Co. Ltd. | 471,067 | 35,731,983 | |
Seiko Epson Corp. | 628,800 | 11,716,948 | |
Sekisui Chemical Co. Ltd. | 845,493 | 14,479,015 | |
Sekisui House Ltd. | 1,381,867 | 27,545,647 | |
Seven & i Holdings Co. Ltd. | 1,692,300 | 74,066,486 | |
SG Holdings Co. Ltd. | 718,900 | 19,551,414 | |
Sharp Corp. | 480,200 | 6,342,141 | |
Shimadzu Corp. | 532,000 | 23,864,200 | |
SHIMANO, Inc. | 166,600 | 48,913,148 | |
SHIMIZU Corp. | 1,240,016 | 8,904,355 | |
Shin-Etsu Chemical Co. Ltd. | 795,362 | 131,368,226 | |
Shionogi & Co. Ltd. | 595,091 | 37,390,006 | |
Shiseido Co. Ltd. | 898,250 | 59,545,855 | |
Shizuoka Bank Ltd. | 1,000,974 | 7,842,927 | |
SMC Corp. | 128,571 | 82,402,774 | |
SoftBank Corp. | 6,518,100 | 87,230,669 | |
SoftBank Group Corp. | 2,713,960 | 152,941,876 | |
Sohgo Security Services Co., Ltd. | 159,700 | 7,236,327 | |
Sompo Holdings, Inc. | 712,303 | 31,259,364 | |
Sony Group Corp. | 2,832,485 | 292,865,868 | |
Square Enix Holdings Co. Ltd. | 192,900 | 11,239,276 | |
Stanley Electric Co. Ltd. | 291,925 | 7,291,823 | |
Subaru Corp. | 1,382,300 | 25,587,910 | |
Sumco Corp. | 619,000 | 13,070,372 | |
Sumitomo Chemical Co. Ltd. | 3,343,634 | 16,959,031 | |
Sumitomo Corp. | 2,528,142 | 35,722,372 | |
Sumitomo Dainippon Pharma Co., Ltd. | 401,900 | 7,203,989 | |
Sumitomo Electric Industries Ltd. | 1,693,006 | 22,629,326 | |
Sumitomo Metal Mining Co. Ltd. | 554,932 | 21,306,483 | |
Sumitomo Mitsui Financial Group, Inc. | 2,931,200 | 101,172,487 | |
Sumitomo Mitsui Trust Holdings, Inc. | 757,972 | 24,757,802 | |
Sumitomo Realty & Development Co. Ltd. | 694,900 | 22,435,893 | |
Suntory Beverage & Food Ltd. | 312,100 | 12,496,482 | |
Suzuki Motor Corp. | 827,500 | 35,773,213 | |
Sysmex Corp. | 376,400 | 42,835,322 | |
T&D Holdings, Inc. | 1,207,900 | 14,657,515 | |
Taisei Corp. | 428,718 | 13,424,838 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 85,957 | 5,016,079 | |
Takeda Pharmaceutical Co. Ltd. | 3,543,427 | 117,944,791 | |
TDK Corp. | 290,925 | 30,595,848 | |
Terumo Corp. | 1,450,148 | 60,594,740 | |
THK Co. Ltd. | 270,600 | 6,279,524 | |
TIS, Inc. | 502,900 | 14,216,416 | |
Tobu Railway Co. Ltd. | 423,959 | 11,063,821 | |
Toho Co. Ltd. | 251,154 | 10,866,637 | |
Toho Gas Co. Ltd. | 166,100 | 7,745,244 | |
Tohoku Electric Power Co., Inc. | 958,590 | 7,336,570 | |
Tokio Marine Holdings, Inc. | 1,409,600 | 68,894,416 | |
Tokyo Century Corp. | 82,800 | 4,734,009 | |
Tokyo Electric Power Co., Inc. (a) | 3,429,218 | 9,008,263 | |
Tokyo Electron Ltd. | 335,418 | 144,027,145 | |
Tokyo Gas Co. Ltd. | 844,779 | 16,248,260 | |
Tokyu Corp. | 1,122,677 | 15,460,216 | |
Toppan, Inc. | 587,506 | 10,093,045 | |
Toray Industries, Inc. | 3,113,183 | 20,991,312 | |
Toshiba Corp. | 920,388 | 39,947,759 | |
Tosoh Corp. | 583,900 | 10,604,301 | |
Toto Ltd. | 317,992 | 17,313,749 | |
Toyo Suisan Kaisha Ltd. | 199,400 | 8,255,847 | |
Toyota Industries Corp. | 329,186 | 27,797,463 | |
Toyota Motor Corp. | 4,763,863 | 414,900,768 | |
Toyota Tsusho Corp. | 476,900 | 21,089,111 | |
Trend Micro, Inc. | 300,660 | 16,479,387 | |
Tsuruha Holdings, Inc. | 88,800 | 11,179,203 | |
Unicharm Corp. | 906,140 | 40,391,861 | |
United Urban Investment Corp. | 6,638 | 9,388,472 | |
USS Co. Ltd. | 491,400 | 8,133,794 | |
Welcia Holdings Co. Ltd. | 212,000 | 7,486,434 | |
West Japan Railway Co. | 365,400 | 19,981,333 | |
Yakult Honsha Co. Ltd. | 288,166 | 16,606,576 | |
Yamada Holdings Co. Ltd. | 1,515,850 | 6,517,266 | |
Yamaha Corp. | 301,143 | 17,765,015 | |
Yamaha Motor Co. Ltd. | 657,100 | 16,723,901 | |
Yamato Holdings Co. Ltd. | 654,132 | 16,648,363 | |
Yaskawa Electric Corp. | 539,100 | 26,363,296 | |
Yokogawa Electric Corp. | 512,400 | 8,024,953 | |
Z Holdings Corp. | 6,019,700 | 39,232,149 | |
ZOZO, Inc. | 280,000 | 10,676,726 | |
TOTAL JAPAN | 8,954,685,056 | ||
Luxembourg - 0.3% | |||
ArcelorMittal SA (Netherlands) | 1,610,019 | 53,979,745 | |
Aroundtown SA | 2,243,837 | 17,184,077 | |
Eurofins Scientific SA | 299,932 | 42,525,697 | |
InPost SA | 448,835 | 8,744,372 | |
Tenaris SA | 1,062,764 | 10,697,042 | |
TOTAL LUXEMBOURG | 133,130,933 | ||
Malta - 0.0% | |||
BGP Holdings PLC (a)(d) | 5,796,476 | 68 | |
Multi-National - 0.0% | |||
HK Electric Investments & HK Electric Investments Ltd. unit | 5,948,000 | 5,919,359 | |
HKT Trust/HKT Ltd. unit | 8,541,760 | 11,641,689 | |
TOTAL MULTI-NATIONAL | 17,561,048 | ||
Netherlands - 6.2% | |||
ABN AMRO Group NV GDR (c) | 951,093 | 13,276,142 | |
Adyen BV (a)(c) | 44,402 | 143,363,441 | |
AEGON NV | 4,025,521 | 19,876,977 | |
AEGON NV rights (a)(e) | 3,969,860 | 374,993 | |
Airbus Group NV (a) | 1,324,175 | 181,142,024 | |
Akzo Nobel NV | 428,179 | 52,781,754 | |
Argenx SE (a) | 103,014 | 34,369,898 | |
ASM International NV (Netherlands) | 106,287 | 41,238,766 | |
ASML Holding NV (Netherlands) | 942,269 | 785,840,816 | |
CNH Industrial NV | 2,298,427 | 37,994,148 | |
Davide Campari Milano NV | 1,171,919 | 16,203,635 | |
EXOR NV | 243,511 | 20,299,308 | |
Ferrari NV | 283,143 | 61,414,786 | |
Heineken Holding NV | 258,608 | 23,970,085 | |
Heineken NV (Bearer) | 582,099 | 63,713,952 | |
ING Groep NV (Certificaten Van Aandelen) | 8,770,689 | 120,986,219 | |
JDE Peet's BV | 169,480 | 5,823,303 | |
Just Eat Takeaway.com NV (a)(c) | 403,008 | 36,507,342 | |
Koninklijke Ahold Delhaize NV | 2,350,725 | 79,299,422 | |
Koninklijke DSM NV | 392,737 | 83,586,289 | |
Koninklijke KPN NV | 7,567,669 | 24,242,028 | |
Koninklijke Philips Electronics NV | 2,046,992 | 94,331,818 | |
Koninklijke Vopak NV | 158,094 | 6,845,170 | |
NN Group NV | 607,523 | 31,541,122 | |
NN Group NV rights (a)(b)(e) | 623,083 | 684,206 | |
Prosus NV | 2,096,101 | 185,537,477 | |
QIAGEN NV (Germany) (a) | 512,915 | 28,385,615 | |
Randstad NV | 268,337 | 19,739,064 | |
Stellantis NV (Italy) | 4,562,702 | 91,219,633 | |
STMicroelectronics NV (France) | 1,534,122 | 68,340,065 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit (a) | 280,053 | 24,535,905 | |
Wolters Kluwer NV | 600,431 | 69,066,776 | |
Wolters Kluwer NV rights (a)(e) | 593,988 | 378,730 | |
TOTAL NETHERLANDS | 2,466,910,909 | ||
New Zealand - 0.3% | |||
Auckland International Airport Ltd. (a) | 2,810,380 | 14,278,210 | |
Fisher & Paykel Healthcare Corp. | 1,294,674 | 30,196,866 | |
Mercury Nz Ltd. | 1,528,371 | 7,161,828 | |
Meridian Energy Ltd. | 2,876,367 | 10,640,868 | |
Ryman Healthcare Group Ltd. | 954,247 | 10,408,909 | |
Spark New Zealand Ltd. | 4,195,867 | 14,413,511 | |
The a2 Milk Co. Ltd. (a) | 1,670,085 | 7,096,257 | |
Xero Ltd. (a) | 299,208 | 33,231,214 | |
TOTAL NEW ZEALAND | 127,427,663 | ||
Norway - 0.6% | |||
Adevinta ASA Class B (a) | 615,840 | 12,395,779 | |
DNB Bank ASA | 2,088,715 | 44,108,241 | |
Equinor ASA | 2,195,543 | 46,652,053 | |
Gjensidige Forsikring ASA | 448,469 | 10,486,672 | |
Mowi ASA | 987,517 | 26,453,427 | |
Norsk Hydro ASA | 3,019,199 | 20,842,778 | |
Orkla ASA | 1,687,439 | 15,076,661 | |
Schibsted ASA: | |||
(A Shares) | 165,233 | 8,818,255 | |
(B Shares) | 217,605 | 10,126,576 | |
Telenor ASA | 1,573,982 | 27,581,006 | |
Yara International ASA | 391,318 | 19,650,854 | |
TOTAL NORWAY | 242,192,302 | ||
Papua New Guinea - 0.0% | |||
Oil Search Ltd. ADR | 4,435,393 | 12,135,222 | |
Portugal - 0.1% | |||
Banco Espirito Santo SA (Reg.) (a)(d) | 2,598,658 | 31 | |
Energias de Portugal SA | 6,231,582 | 34,229,139 | |
Galp Energia SGPS SA Class B | 1,123,596 | 11,493,164 | |
Jeronimo Martins SGPS SA | 564,792 | 11,970,463 | |
TOTAL PORTUGAL | 57,692,797 | ||
Singapore - 1.0% | |||
Ascendas Real Estate Investment Trust | 7,475,833 | 16,903,962 | |
CapitaLand Ltd. | 5,928,210 | 17,637,577 | |
CapitaMall Trust | 10,170,282 | 15,583,161 | |
City Developments Ltd. | 922,000 | 4,690,751 | |
DBS Group Holdings Ltd. | 4,058,297 | 90,466,110 | |
Genting Singapore Ltd. | 13,564,659 | 7,718,371 | |
Keppel Corp. Ltd. | 3,272,600 | 12,657,607 | |
Mapletree Commercial Trust | 4,840,500 | 7,308,725 | |
Mapletree Logistics Trust (REIT) | 6,727,759 | 10,158,318 | |
Oversea-Chinese Banking Corp. Ltd. | 7,549,050 | 64,179,138 | |
Singapore Airlines Ltd. (a) | 3,009,762 | 11,327,603 | |
Singapore Exchange Ltd. | 1,803,500 | 13,280,263 | |
Singapore Technologies Engineering Ltd. | 3,494,361 | 9,824,601 | |
Singapore Telecommunications Ltd. | 18,588,127 | 32,075,908 | |
United Overseas Bank Ltd. | 2,645,160 | 50,327,787 | |
UOL Group Ltd. | 1,044,150 | 5,436,461 | |
Venture Corp. Ltd. | 621,400 | 8,855,684 | |
Wilmar International Ltd. | 4,316,500 | 13,291,911 | |
TOTAL SINGAPORE | 391,723,938 | ||
Spain - 2.4% | |||
ACS Actividades de Construccion y Servicios SA | 551,652 | 14,890,160 | |
Aena SME SA (a)(c) | 168,520 | 26,902,095 | |
Amadeus IT Holding SA Class A (a) | 1,011,941 | 61,797,608 | |
Banco Bilbao Vizcaya Argentaria SA | 14,977,281 | 98,026,228 | |
Banco Santander SA (Spain) | 38,950,488 | 143,620,323 | |
CaixaBank SA | 9,955,665 | 30,926,747 | |
Cellnex Telecom SA (c) | 1,144,849 | 78,403,267 | |
EDP Renovaveis SA | 647,444 | 17,215,853 | |
Enagas SA | 559,319 | 12,722,913 | |
Endesa SA | 713,410 | 17,150,426 | |
Ferrovial SA | 1,070,962 | 31,006,481 | |
Grifols SA | 670,136 | 16,371,233 | |
Iberdrola SA | 13,298,822 | 164,792,012 | |
Industria de Diseno Textil SA | 2,450,029 | 83,696,458 | |
Naturgy Energy Group SA | 653,527 | 16,822,014 | |
Red Electrica Corporacion SA | 971,913 | 19,382,732 | |
Repsol SA | 3,260,036 | 37,357,335 | |
Siemens Gamesa Renewable Energy SA (a) | 535,613 | 15,880,193 | |
Telefonica SA | 11,561,934 | 57,209,555 | |
TOTAL SPAIN | 944,173,633 | ||
Sweden - 3.5% | |||
Alfa Laval AB | 706,307 | 28,646,953 | |
ASSA ABLOY AB (B Shares) | 2,250,608 | 72,021,069 | |
Atlas Copco AB: | |||
(A Shares) | 1,507,089 | 103,459,609 | |
(B Shares) | 877,649 | 50,770,603 | |
Boliden AB | 613,639 | 21,396,958 | |
Electrolux AB (B Shares) | 505,948 | 12,816,603 | |
Embracer Group AB (a) | 524,908 | 11,910,027 | |
Epiroc AB: | |||
(A Shares) | 1,485,765 | 32,601,105 | |
(B Shares) | 868,494 | 16,500,425 | |
EQT AB | 535,025 | 27,261,354 | |
Ericsson (B Shares) | 6,559,066 | 77,692,854 | |
Essity AB (B Shares) | 1,364,718 | 43,774,973 | |
Evolution AB (c) | 381,503 | 61,468,781 | |
Fastighets AB Balder (a) | 236,072 | 16,873,521 | |
H&M Hennes & Mauritz AB (B Shares) (a) | 1,639,430 | 32,859,083 | |
Hexagon AB (B Shares) | 4,423,415 | 76,705,031 | |
Husqvarna AB (B Shares) | 937,013 | 12,568,501 | |
ICA Gruppen AB | 225,624 | 11,224,398 | |
Industrivarden AB: | |||
(A Shares) | 103,463 | 3,807,873 | |
(C Shares) | 498,427 | 17,373,858 | |
Investor AB (B Shares) | 4,089,322 | 97,808,790 | |
Kinnevik AB (B Shares) (b) | 543,153 | 21,280,618 | |
L E Lundbergforetagen AB | 170,312 | 10,870,664 | |
Latour Investment AB (B Shares) | 331,947 | 11,551,569 | |
Lundin Petroleum AB | 448,899 | 13,712,320 | |
Nibe Industrier AB (B Shares) | 3,203,598 | 44,660,186 | |
Sandvik AB | 2,535,385 | 64,700,750 | |
Securitas AB (B Shares) (b) | 701,086 | 11,638,119 | |
Sinch AB (a)(c) | 1,136,549 | 25,498,252 | |
Skandinaviska Enskilda Banken AB (A Shares) | 3,652,982 | 49,062,294 | |
Skanska AB (B Shares) | 764,435 | 22,013,233 | |
SKF AB (B Shares) | 856,763 | 21,842,396 | |
Svenska Cellulosa AB SCA (B Shares) | 1,361,222 | 24,016,137 | |
Svenska Handelsbanken AB (A Shares) | 3,272,868 | 36,776,254 | |
Swedbank AB (A Shares) | 2,032,404 | 39,242,264 | |
Swedish Match Co. AB | 3,543,459 | 32,718,518 | |
Tele2 AB (B Shares) | 1,164,781 | 17,459,331 | |
Telia Co. AB | 5,978,328 | 25,660,647 | |
Volvo AB: | |||
(A Shares) | 496,564 | 11,502,835 | |
(B Shares) | 3,162,088 | 71,505,119 | |
TOTAL SWEDEN | 1,385,253,875 | ||
Switzerland - 9.9% | |||
ABB Ltd. (Reg.) | 3,896,318 | 144,142,994 | |
Adecco SA (Reg.) | 347,909 | 19,368,169 | |
Alcon, Inc. (Switzerland) | 1,122,595 | 92,480,007 | |
Baloise Holdings AG | 104,129 | 16,612,882 | |
Banque Cantonale Vaudoise | 67,532 | 5,729,988 | |
Barry Callebaut AG | 8,021 | 20,443,368 | |
Clariant AG (Reg.) | 484,877 | 10,208,494 | |
Coca-Cola HBC AG | 452,315 | 16,348,838 | |
Compagnie Financiere Richemont SA Series A | 1,172,394 | 129,398,572 | |
Credit Suisse Group AG | 5,729,478 | 60,695,330 | |
Ems-Chemie Holding AG | 15,762 | 17,083,030 | |
Geberit AG (Reg.) | 83,200 | 69,521,856 | |
Givaudan SA | 20,737 | 104,052,978 | |
Holcim Ltd. | 1,175,472 | 67,004,792 | |
Julius Baer Group Ltd. | 502,742 | 34,313,954 | |
Kuehne & Nagel International AG | 122,102 | 44,680,732 | |
Lindt & Spruengli AG | 241 | 29,448,976 | |
Lindt & Spruengli AG (participation certificate) | 2,388 | 28,084,914 | |
Logitech International SA (Reg.) | 388,883 | 39,765,224 | |
Lonza Group AG | 167,266 | 141,557,357 | |
Nestle SA (Reg. S) | 6,471,393 | 817,264,796 | |
Novartis AG | 4,987,451 | 461,293,760 | |
Partners Group Holding AG | 50,971 | 90,392,470 | |
Roche Holding AG: | |||
(Bearer) (b) | 79,811 | 35,733,017 | |
(participation certificate) | 1,568,913 | 630,005,127 | |
Schindler Holding AG: | |||
(participation certificate) | 91,671 | 29,611,009 | |
(Reg.) | 45,005 | 14,035,957 | |
SGS SA (Reg.) | 13,571 | 42,650,656 | |
Siemens Energy AG (a) | 897,997 | 26,062,419 | |
Sika AG | 318,425 | 114,782,520 | |
Sonova Holding AG Class B | 122,968 | 47,401,260 | |
Straumann Holding AG | 23,229 | 44,897,985 | |
Swatch Group AG (Bearer) | 64,925 | 18,305,908 | |
Swatch Group AG (Bearer) (Reg.) | 118,523 | 6,516,662 | |
Swiss Life Holding AG | 71,919 | 37,508,615 | |
Swiss Prime Site AG | 170,722 | 18,260,682 | |
Swiss Re Ltd. | 677,662 | 62,353,044 | |
Swisscom AG | 58,345 | 34,239,261 | |
Temenos Group AG | 150,218 | 23,851,157 | |
UBS Group AG | 8,234,563 | 137,400,079 | |
Vifor Pharma AG | 109,574 | 15,603,003 | |
Zurich Insurance Group Ltd. | 338,000 | 148,311,529 | |
TOTAL SWITZERLAND | 3,947,423,371 | ||
United Kingdom - 13.1% | |||
3i Group PLC | 2,188,941 | 40,251,602 | |
Abrdn PLC | 4,909,048 | 17,919,138 | |
Admiral Group PLC | 434,859 | 21,588,938 | |
Anglo American PLC (United Kingdom) | 2,909,406 | 122,880,245 | |
Antofagasta PLC | 886,570 | 17,747,195 | |
Ashtead Group PLC | 1,008,787 | 78,916,363 | |
Associated British Foods PLC | 802,915 | 21,856,976 | |
AstraZeneca PLC (United Kingdom) | 3,480,064 | 406,970,676 | |
Auto Trader Group PLC (c) | 2,181,584 | 18,865,518 | |
Aveva Group PLC | 272,194 | 15,477,984 | |
Aviva PLC | 8,844,542 | 49,138,231 | |
BAE Systems PLC | 7,259,124 | 56,712,780 | |
Barclays PLC | 38,194,286 | 96,838,230 | |
Barratt Developments PLC | 2,295,411 | 23,321,701 | |
Berkeley Group Holdings PLC | 274,318 | 18,204,842 | |
BHP Group PLC | 4,745,124 | 147,554,163 | |
BP PLC | 45,491,280 | 185,071,960 | |
British American Tobacco PLC (United Kingdom) | 4,898,225 | 183,748,956 | |
British Land Co. PLC | 1,985,315 | 14,471,864 | |
BT Group PLC (a) | 20,065,946 | 46,843,857 | |
Bunzl PLC | 758,792 | 27,499,416 | |
Burberry Group PLC | 910,176 | 23,268,955 | |
Coca-Cola European Partners PLC | 459,781 | 26,547,755 | |
Compass Group PLC (a) | 4,009,694 | 82,840,094 | |
Croda International PLC | 313,949 | 39,485,767 | |
Diageo PLC | 5,254,837 | 252,614,083 | |
Direct Line Insurance Group PLC | 3,052,652 | 12,968,540 | |
Evraz PLC | 1,149,141 | 9,327,709 | |
GlaxoSmithKline PLC | 11,307,579 | 227,458,844 | |
Halma PLC | 854,720 | 35,288,607 | |
Hargreaves Lansdown PLC | 800,226 | 16,596,377 | |
Hikma Pharmaceuticals PLC | 389,916 | 13,605,609 | |
HSBC Holdings PLC (United Kingdom) | 45,890,096 | 242,339,023 | |
Imperial Brands PLC | 2,128,946 | 45,119,419 | |
Informa PLC (a) | 3,381,416 | 24,685,870 | |
InterContinental Hotel Group PLC (a) | 412,390 | 26,349,297 | |
Intertek Group PLC | 362,804 | 26,286,817 | |
J Sainsbury PLC | 3,773,708 | 15,772,379 | |
JD Sports Fashion PLC | 1,161,793 | 16,124,654 | |
Johnson Matthey PLC | 436,215 | 17,626,070 | |
Kingfisher PLC | 4,751,957 | 22,880,792 | |
Land Securities Group PLC | 1,591,734 | 15,515,724 | |
Legal & General Group PLC | 13,429,512 | 49,888,552 | |
Lloyds Banking Group PLC | 159,509,287 | 95,491,097 | |
London Stock Exchange Group PLC | 739,059 | 80,959,392 | |
M&G PLC | 5,854,019 | 16,579,700 | |
Melrose Industries PLC | 9,849,989 | 22,715,783 | |
Mondi PLC | 1,094,720 | 30,176,770 | |
National Grid PLC | 7,994,371 | 103,400,983 | |
NatWest Group PLC | 13,024,481 | 38,159,194 | |
Next PLC | 299,122 | 32,529,708 | |
NMC Health PLC (a) | 250,069 | 51,265 | |
Ocado Group PLC (a) | 1,095,468 | 30,317,877 | |
Pearson PLC | 1,702,080 | 17,949,470 | |
Persimmon PLC | 718,465 | 29,040,779 | |
Phoenix Group Holdings PLC | 1,466,700 | 12,570,814 | |
Prudential PLC (a) | 5,878,952 | 122,485,769 | |
Reckitt Benckiser Group PLC | 1,602,822 | 122,361,391 | |
RELX PLC (London Stock Exchange) | 4,344,501 | 130,331,673 | |
Rentokil Initial PLC | 4,181,509 | 33,366,892 | |
Rio Tinto PLC | 2,522,753 | 186,644,016 | |
Rolls-Royce Holdings PLC (a) | 18,808,877 | 29,662,021 | |
Royal Dutch Shell PLC: | |||
Class A (United Kingdom) | 9,250,396 | 183,337,762 | |
Class B (United Kingdom) (e) | 8,290,852 | 163,144,214 | |
rights (a) | 8,224,253 | 1,964,894 | |
rights (a)(e) | 9,110,078 | 2,176,530 | |
Sage Group PLC | 2,427,608 | 24,771,644 | |
Schroders PLC | 281,131 | 14,610,190 | |
Segro PLC | 2,702,682 | 47,710,646 | |
Severn Trent PLC | 564,020 | 21,417,733 | |
Smith & Nephew PLC | 1,977,166 | 37,860,813 | |
Smiths Group PLC | 892,363 | 17,697,532 | |
Spirax-Sarco Engineering PLC | 166,005 | 36,768,171 | |
SSE PLC | 2,346,631 | 52,668,787 | |
St. James's Place Capital PLC | 1,214,241 | 26,877,328 | |
Standard Chartered PLC (United Kingdom) | 5,964,574 | 37,295,395 | |
Taylor Wimpey PLC | 8,216,705 | 20,661,732 | |
Tesco PLC | 17,396,834 | 61,073,717 | |
Unilever PLC | 5,886,311 | 327,749,434 | |
United Utilities Group PLC | 1,539,144 | 22,377,674 | |
Vodafone Group PLC | 61,397,000 | 103,120,669 | |
Vodafone Group PLC sponsored ADR (b) | 46,372 | 791,570 | |
Whitbread PLC (a) | 454,925 | 20,064,553 | |
WM Morrison Supermarkets PLC | 5,417,410 | 21,599,566 | |
TOTAL UNITED KINGDOM | 5,235,006,720 | ||
TOTAL COMMON STOCKS | |||
(Cost $29,800,229,880) | 38,804,102,750 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
France - 0.1% | |||
Air Liquide SA (a) | 355,967 | 63,804,357 | |
Germany - 0.6% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 137,622 | 11,521,050 | |
Fuchs Petrolub AG | 156,090 | 7,899,238 | |
Henkel AG & Co. KGaA | 400,640 | 39,140,627 | |
Porsche Automobil Holding SE (Germany) | 343,987 | 34,800,526 | |
Sartorius AG (non-vtg.) | 58,877 | 38,791,612 | |
Volkswagen AG | 416,351 | 98,960,377 | |
TOTAL GERMANY | 231,113,430 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $182,941,019) | 294,917,787 | ||
Money Market Funds - 3.2% | |||
Fidelity Cash Central Fund 0.06% (f) | 1,189,447,212 | 1,189,685,102 | |
Fidelity Securities Lending Cash Central Fund 0.06% (f)(g) | 82,185,494 | 82,193,713 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $1,271,878,815) | 1,271,878,815 | ||
TOTAL INVESTMENT IN SECURITIES - 100.8% | |||
(Cost $31,255,049,714) | 40,370,899,352 | ||
NET OTHER ASSETS (LIABILITIES) - (0.8)% | (305,290,269) | ||
NET ASSETS - 100% | $40,065,609,083 |
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) | 8,277 | Sept. 2021 | $973,168,275 | $20,115,159 | $20,115,159 |
The notional amount of futures purchased as a percentage of Net Assets is 2.4%
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) 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 $839,341,204 or 2.1% of net assets.
(d) Level 3 security
(e) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $941,129,198 | $4,036,921,218 | $3,788,365,314 | $218,680 | $(1,113) | $1,113 | $1,189,685,102 | 1.9% |
Fidelity Securities Lending Cash Central Fund 0.06% | 11,422,542 | 669,780,909 | 559,009,738 | 1,266,078 | -- | -- | 82,193,713 | 0.2% |
Total | $952,551,740 | $4,706,702,127 | $4,387,375,052 | $1,484,758 | $(1,113) | $1,113 | $1,271,878,815 |
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 August 31, 2021, 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 | $1,860,226,533 | $768,280,391 | $1,091,946,142 | $-- |
Consumer Discretionary | 4,949,693,926 | 2,871,014,491 | 2,078,679,435 | -- |
Consumer Staples | 3,989,157,692 | 2,012,224,169 | 1,976,933,523 | -- |
Energy | 1,189,359,482 | 313,288,801 | 876,070,681 | -- |
Financials | 6,533,130,779 | 3,704,929,804 | 2,828,200,876 | 99 |
Health Care | 5,014,650,901 | 2,166,016,301 | 2,848,634,600 | -- |
Industrials | 6,185,491,290 | 4,107,245,552 | 2,078,245,738 | -- |
Information Technology | 3,817,018,056 | 2,141,222,879 | 1,675,795,177 | -- |
Materials | 3,046,289,365 | 1,694,091,679 | 1,352,197,686 | -- |
Real Estate | 1,160,379,370 | 1,160,379,370 | -- | -- |
Utilities | 1,353,623,143 | 851,769,954 | 501,853,189 | -- |
Money Market Funds | 1,271,878,815 | 1,271,878,815 | -- | -- |
Total Investments in Securities: | $40,370,899,352 | $23,062,342,206 | $17,308,557,047 | $99 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $20,115,159 | $20,115,159 | $-- | $-- |
Total Assets | $20,115,159 | $20,115,159 | $-- | $-- |
Total Derivative Instruments: | $20,115,159 | $20,115,159 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2021. 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) | $20,115,159 | $0 |
Total Equity Risk | 20,115,159 | 0 |
Total Value of Derivatives | $20,115,159 | $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® International Index Fund
Financial Statements
Statement of Assets and Liabilities
August 31, 2021 (Unaudited) | ||
Assets | ||
Investment in securities, at value (including securities loaned of $76,550,701) — See accompanying schedule: Unaffiliated issuers (cost $29,983,170,899) | $39,099,020,537 | |
Fidelity Central Funds (cost $1,271,878,815) | 1,271,878,815 | |
Total Investment in Securities (cost $31,255,049,714) | $40,370,899,352 | |
Segregated cash with brokers for derivative instruments | 75,483,022 | |
Foreign currency held at value (cost $34,904,986) | 35,028,732 | |
Receivable for investments sold | 27,742,443 | |
Receivable for fund shares sold | 42,342,871 | |
Dividends receivable | 96,463,186 | |
Reclaims receivable | 85,512,373 | |
Distributions receivable from Fidelity Central Funds | 106,422 | |
Other receivables | 689,186 | |
Total assets | 40,734,267,587 | |
Liabilities | ||
Payable for investments purchased | ||
Regular delivery | $537,549,435 | |
Delayed delivery | 5,579,353 | |
Payable for fund shares redeemed | 40,556,207 | |
Accrued management fee | 1,157,536 | |
Payable for daily variation margin on futures contracts | 939,824 | |
Other payables and accrued expenses | 689,178 | |
Collateral on securities loaned | 82,186,971 | |
Total liabilities | 668,658,504 | |
Net Assets | $40,065,609,083 | |
Net Assets consist of: | ||
Paid in capital | $32,924,446,190 | |
Total accumulated earnings (loss) | 7,141,162,893 | |
Net Assets | $40,065,609,083 | |
Net Asset Value, offering price and redemption price per share ($40,065,609,083 ÷ 787,646,073 shares) | $50.87 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Six months ended August 31, 2021 (Unaudited) | ||
Investment Income | ||
Dividends | $660,941,494 | |
Foreign tax reclaims | 74,059,956 | |
Income from Fidelity Central Funds (including $1,266,078 from security lending) | 1,484,758 | |
Income before foreign taxes withheld | 736,486,208 | |
Less foreign taxes withheld | (93,542,044) | |
Total income | 642,944,164 | |
Expenses | ||
Management fee | $6,353,291 | |
Independent trustees' fees and expenses | 65,458 | |
Total expenses before reductions | 6,418,749 | |
Expense reductions | (1) | |
Total expenses after reductions | 6,418,748 | |
Net investment income (loss) | 636,525,416 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (100,174,194) | |
Fidelity Central Funds | (1,113) | |
Foreign currency transactions | (2,342,129) | |
Futures contracts | 82,937,209 | |
Total net realized gain (loss) | (19,580,227) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 2,922,050,417 | |
Fidelity Central Funds | 1,113 | |
Assets and liabilities in foreign currencies | (245,266) | |
Futures contracts | 8,584,591 | |
Total change in net unrealized appreciation (depreciation) | 2,930,390,855 | |
Net gain (loss) | 2,910,810,628 | |
Net increase (decrease) in net assets resulting from operations | $3,547,336,044 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Six months ended August 31, 2021 (Unaudited) | Year ended February 28, 2021 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $636,525,416 | $652,593,824 |
Net realized gain (loss) | (19,580,227) | (1,859,286,426) |
Change in net unrealized appreciation (depreciation) | 2,930,390,855 | 6,410,835,939 |
Net increase (decrease) in net assets resulting from operations | 3,547,336,044 | 5,204,143,337 |
Distributions to shareholders | (75,086,384) | (564,106,597) |
Share transactions | ||
Proceeds from sales of shares | 7,090,267,805 | 9,403,139,235 |
Reinvestment of distributions | 69,492,158 | 523,102,732 |
Cost of shares redeemed | (2,952,475,377) | (10,462,395,019) |
Net increase (decrease) in net assets resulting from share transactions | 4,207,284,586 | (536,153,052) |
Total increase (decrease) in net assets | 7,679,534,246 | 4,103,883,688 |
Net Assets | ||
Beginning of period | 32,386,074,837 | 28,282,191,149 |
End of period | $40,065,609,083 | $32,386,074,837 |
Other Information | ||
Shares | ||
Sold | 143,508,722 | 236,940,238 |
Issued in reinvestment of distributions | 1,436,085 | 11,773,638 |
Redeemed | (60,100,053) | (277,638,801) |
Net increase (decrease) | 84,844,754 | (28,924,925) |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity International Index Fund
Six months ended (Unaudited) August 31, | Years endedFebruary 28, | |||||
2021 | 2021 | 2020 A | 2019 | 2018 | 2017 | |
Selected Per–Share Data | ||||||
Net asset value, beginning of period | $46.08 | $38.65 | $39.67 | $43.09 | $36.88 | $32.82 |
Income from Investment Operations | ||||||
Net investment income (loss)B | .86 | .97 | 1.28 | 1.23 | 1.13 | 1.11 |
Net realized and unrealized gain (loss) | 4.04 | 7.30 | (.93) | (3.64) | 6.16 | 4.04 |
Total from investment operations | 4.90 | 8.27 | .35 | (2.41) | 7.29 | 5.15 |
Distributions from net investment income | (.11) | (.84) | (1.37) | (1.01) | (1.02) | (1.06) |
Distributions from net realized gain | – | – | – | – | (.06) | (.03) |
Total distributions | (.11) | (.84) | (1.37) | (1.01) | (1.08) | (1.09) |
Redemption fees added to paid in capitalB | – | – | – | – | – | –C |
Net asset value, end of period | $50.87 | $46.08 | $38.65 | $39.67 | $43.09 | $36.88 |
Total ReturnD,E | 10.63% | 21.47% | .58% | (5.43)% | 19.82% | 15.85% |
Ratios to Average Net AssetsF,G | ||||||
Expenses before reductions | .04%H | .04% | .04% | .05% | .05% | .06% |
Expenses net of fee waivers, if any | .04%H | .04% | .04% | .05% | .05% | .05% |
Expenses net of all reductions | .04%H | .04% | .04% | .05% | .05% | .05% |
Net investment income (loss) | 3.47%H | 2.40% | 3.12% | 3.12% | 2.72% | 3.11% |
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $40,065,609 | $32,386,075 | $28,282,191 | $25,169,575 | $6,814,539 | $4,761,598 |
Portfolio turnover rateI | 3%H | 7% | 2% | 3%J | 2%J | 2% |
A For the year ended February 29.
B Calculated based on average shares outstanding during the period.
C Amount represents less than $.005 per share.
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 Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Portfolio turnover rate excludes securities received or delivered in-kind.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements (Unaudited)
For the period ended August 31, 2021
1. Organization.
Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund (the Funds) are funds of Fidelity Concord Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. 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.
2. Investments in Fidelity Central Funds.
Funds may invest 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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio(a) |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% to .01% |
(a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission 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. Each Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of each 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 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. Corporate bonds 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 August 31, 2021 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. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign tax reclaims. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable. Fidelity International Index Fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union (EU) countries. These additional filings are subject to various administrative proceedings by the local jurisdictions' tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized for EU reclaims is included with other reclaims in the Statement of Operations in foreign tax reclaims. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability.
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. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for certain Funds, certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in affiliated mutual funds, are marked-to-market and remain in a fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees presented below are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, as applicable.
Fidelity Total Market Index Fund | $1,525,112 |
Fidelity Extended Market Index Fund | 779,039 |
Fidelity International Index Fund | 689,178 |
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. 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.
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 short-term capital gains, the short-term gain distributions from the Underlying Funds, futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in kind, partnerships, certain deemed distributions, deferred trustees compensation, 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 Total Market Index Fund | $38,506,383,917 | $38,946,875,177 | $(2,636,156,797) | $36,310,718,380 |
Fidelity Extended Market Index Fund | 30,398,376,753 | 18,701,790,488 | (2,754,288,875) | 15,947,501,613 |
Fidelity International Index Fund | 31,502,592,962 | 12,060,927,977 | (3,172,506,428) | 8,888,421,549 |
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 prior fiscal period end and is subject to adjustment.
No expiration | |||
Short-term | Long-term | Total capital loss carryforward | |
Fidelity Total Market Index Fund | $(149,737,304) | $(348,469,051) | $(498,206,355) |
Fidelity International Index Fund | (289,482,880) | (2,082,406,053) | (2,371,888,933) |
Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.
Restricted Securities (including Private Placements). 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 held at period end is included at the end of the Schedule of Investments, if applicable.
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. 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 and in-kind transactions, as applicable, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity Total Market Index Fund | 4,540,393,876 | 554,170,977 |
Fidelity Extended Market Index Fund | 8,659,098,155 | 2,556,992,672 |
Fidelity International Index Fund | 5,500,710,674 | 448,425,143 |
Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below. The net realized gain or loss on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Extended Market Index Fund | 10,108,915 | 580,970,993 | 915,274,770 |
Prior Fiscal Year Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below; along with realized gain or loss on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Total Market Index Fund | 522,575 | 45,655,041 | 49,085,493 |
Fidelity Extended Market Index Fund | 2,441,436 | 141,281,001 | 204,701,487 |
Prior Year Unaffiliated Exchanges In-Kind. Shares that were exchanged for investments, including accrued interest and cash, if any, are shown in the table below. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets.
Shares | Total Proceeds ($) | |
Fidelity Total Market Index Fund | 2,431,496 | 274,588,843 |
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .015%, .035% and .035% of average net assets for Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund, respectively. The management fee is reduced by an amount equal to the fees and expenses paid by each Fund to the independent Trustees. Under the management contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense.
Under the expense contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees, as necessary so that the total expenses do not exceed .015%, .035% and .035% of average net assets for Fidelity Total Market Index Fund, Fidelity Extended Market Index Fund and Fidelity International Index Fund, respectively. These expense contracts will remain in place through April 30, 2022.
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 Securities and Exchange Commission (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 under the Expense Contract.
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Extended Market Index Fund | Borrower | $8,676,462 | .33% | $1,018 |
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. Any 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 borne 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 Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Total Market Index Fund | $442,504 | $141,166 | $10,166,741 |
Fidelity Extended Market Index Fund | $1,615,664 | $534,233 | $19,974,529 |
Fidelity International Index Fund | $131,787 | $– | $– |
9. Expense Reductions.
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 Total Market Index Fund | $179 |
Fidelity Extended Market Index Fund | 1,727 |
Fidelity International Index Fund | 1 |
10. Other.
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.
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.
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 (March 1, 2021 to August 31, 2021).
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 March 1, 2021 | Ending Account Value August 31, 2021 | Expenses Paid During Period-B March 1, 2021 to August 31, 2021 | |
Fidelity Total Market Index Fund | .02% | |||
Actual | $1,000.00 | $1,172.40 | $.11 | |
Hypothetical-C | $1,000.00 | $1,025.10 | $.10 | |
Fidelity Extended Market Index Fund | .04% | |||
Actual | $1,000.00 | $1,075.10 | $.21 | |
Hypothetical-C | $1,000.00 | $1,025.00 | $.20 | |
Fidelity International Index Fund | .04% | |||
Actual | $1,000.00 | $1,106.30 | $.21 | |
Hypothetical-C | $1,000.00 | $1,025.00 | $.20 |
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/ 365 (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
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity Extended Market Index Fund
Fidelity International Index Fund
Fidelity Total Market Index Fund
Fidelity Extended Market Index Fund
Fidelity International Index Fund
Fidelity Total Market Index Fund
Fidelity Extended Market Index Fund
The Board considered that effective July 1, 2016, the fund's management fee rate was reduced from 0.06% to 0.045%. The Board considered that the chart below reflects the fund's lower management fee rate for 2016, as if the lower fee rate were in effect for the entire year.
Fidelity International Index Fund
The Board considered that (i) effective July 1, 2016, the fund's management fee rate was reduced from 0.06% to 0.05%, (ii) effective August 1, 2017, the fund's management fee rate was further reduced from 0.05% to 0.045%, and (iii) effective May 1, 2019, the fund's management fee rate was further reduced from 0.045% to 0.035%. The Board considered that the chart below reflects the fund's lower management fee rates for 2016, 2018 and 2019, as if the lower fee rates were in effect for the entire year.
Fidelity Total Market Index Fund
The Board considered that effective July 1, 2016, the fund's management fee rate was reduced from 0.035% to 0.015%. The Board considered that the chart below reflects the fund's lower management fee rate for 2016, as if the lower fee rates were in effect for the entire year.
Board Approval of Investment Advisory Contracts
Fidelity International Index Fund
At its July 2021 meeting, the Board of Trustees, including a majority of the Independent Trustees (together, the Board), voted to approve an amended and restated sub-advisory agreement with Geode Capital Management, LLC (Geode) for the fund (the Amended Contract) to decrease the sub-advisory fee rate paid by Fidelity Management & Research Company LLC (FMR), the fund's investment adviser, to Geode on behalf of the fund by 0.35 basis points, effective August 1, 2021. 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 previously received and considered materials relating to the nature, extent and quality of services provided by FMR and Geode to the 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 the fund in connection with the annual renewal of the fund's current management contract and sub-advisory agreement (Advisory Contracts). At its May 2021 meeting, the Board concluded that the nature, extent and quality of the services provided to the fund under the existing Advisory Contracts should continue to benefit the fund's shareholders. The Board noted that approval of the Amended Contract 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 the fund under the Amended Contract should continue to benefit the fund's shareholders.Competitiveness of Management Fee and Total Expense Ratio. The Board noted that the Amended Contract would result in no change in the fund's management fee and total expense ratio and considered that it received and reviewed information regarding the fund's current management fee and total expense ratio compared to "mapped groups" of competitive funds and classes in connection with the annual renewal of the Advisory Contracts. Based on its review, the Board concluded at its May 2021 and July 2021 meetings that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered and that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.Costs of the Services and Profitability. The Board previously reviewed information regarding the revenues earned and the expenses incurred by Fidelity in providing services to the fund and the level of Fidelity's profitability. At its May 2021 meeting, the Board concluded that it was satisfied that Fidelity's profitability in connection with the operation of the fund was not excessive. At the July 2021 meeting, the Board concluded that the Amended Contract would not have a meaningful effect on Fidelity's profitability.Economies of Scale. The Board has previously received and reviewed information regarding whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale and that it concluded, at its May 2021 meeting, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity. At the July 2021 meeting, the Board concluded that the Amended Contract would not have a meaningful effect on any potential economies of scale.Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the sub-advisory fee arrangement is fair and reasonable, and that the fund's Amended Contract should be approved.SIF-I-SANN-1021
1.929382.109
Fidelity® Series Total Market Index Fund
Semi-Annual Report
August 31, 2021
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
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Note to Shareholders:
Early in 2020, the outbreak and spread of COVID-19 emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and corporate earnings. On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread. The pandemic prompted a number of measures to limit the spread of COVID-19, 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. To help stem the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.
In general, the overall impact of the pandemic lessened in 2021, amid a resilient economy and widespread distribution of three COVID-19 vaccines granted emergency use authorization from the U.S. Food and Drug Administration (FDA) early in the year. Still, the situation remains dynamic, and the extent and duration of its influence on financial markets and the economy is highly uncertain, due in part to a recent spike in cases based on highly contagious variants of the coronavirus.
Extreme events such as the COVID-19 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 continue to take extra steps to be responsive to customer needs. We encourage you to visit us online, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Investment Summary (Unaudited)
Top Ten Stocks as of August 31, 2021
% of fund's net assets | |
Apple, Inc. | 5.1 |
Microsoft Corp. | 4.9 |
Amazon.com, Inc. | 3.2 |
Facebook, Inc. Class A | 2.0 |
Alphabet, Inc. Class A | 1.9 |
Alphabet, Inc. Class C | 1.8 |
Tesla, Inc. | 1.2 |
NVIDIA Corp. | 1.2 |
Berkshire Hathaway, Inc. Class B | 1.2 |
JPMorgan Chase & Co. | 1.1 |
23.6 |
Top Market Sectors as of August 31, 2021
% of fund's net assets | |
Information Technology | 27.0 |
Health Care | 13.5 |
Consumer Discretionary | 11.8 |
Financials | 11.6 |
Communication Services | 10.5 |
Industrials | 9.1 |
Consumer Staples | 5.2 |
Real Estate | 3.4 |
Materials | 2.7 |
Utilities | 2.4 |
Asset Allocation (% of fund's net assets)
As of August 31, 2021* | ||
Stocks and Equity Futures | 99.9% | |
Short-Term Investments and Net Other Assets (Liabilities) | 0.1% |
* Foreign investments - 3.5%
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.6% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 10.5% | |||
Diversified Telecommunication Services - 1.0% | |||
Anterix, Inc. (a) | 11,349 | $669,818 | |
AST SpaceMobile, Inc. (a)(b) | 39,706 | 490,369 | |
AT&T, Inc. | 7,010,258 | 192,221,274 | |
ATN International, Inc. | 10,301 | 469,623 | |
Bandwidth, Inc. (a) | 22,251 | 2,289,628 | |
Cincinnati Bell, Inc. (a) | 49,643 | 768,970 | |
Cogent Communications Group, Inc. | 41,235 | 2,992,836 | |
Consolidated Communications Holdings, Inc. (a) | 70,573 | 654,212 | |
Cuentas, Inc. (a)(b) | 11,438 | 36,144 | |
Globalstar, Inc. (a)(b) | 646,298 | 1,286,133 | |
IDT Corp. Class B (a) | 17,164 | 746,291 | |
Iridium Communications, Inc. (a) | 116,076 | 5,166,543 | |
Liberty Global PLC: | |||
Class A (a) | 123,112 | 3,538,239 | |
Class C (a) | 354,795 | 10,281,959 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 32,880 | 468,869 | |
Class C (a) | 172,500 | 2,482,275 | |
Lumen Technologies, Inc. (b) | 978,441 | 12,034,824 | |
Ooma, Inc. (a) | 20,699 | 393,281 | |
ORBCOMM, Inc. (a) | 81,357 | 934,792 | |
Radius Global Infrastructure, Inc. (a) | 59,796 | 1,069,152 | |
Verizon Communications, Inc. | 4,062,958 | 223,462,690 | |
462,457,922 | |||
Entertainment - 1.7% | |||
Activision Blizzard, Inc. | 761,914 | 62,758,856 | |
AMC Entertainment Holdings, Inc. Class A (a)(b) | 492,662 | 23,219,160 | |
Ballantyne of Omaha, Inc. (a) | 19,093 | 63,962 | |
Chicken Soup For The Soul Entertainment, Inc. (a)(b) | 6,431 | 156,016 | |
Cinedigm Corp. (a) | 82,922 | 155,893 | |
Cinemark Holdings, Inc. (a)(b) | 105,669 | 1,884,078 | |
CuriosityStream, Inc. Class A (a)(b) | 24,212 | 302,650 | |
Dolphin Entertainment, Inc. (a) | 5,671 | 76,615 | |
Electronic Arts, Inc. | 280,300 | 40,702,363 | |
Gaia, Inc. Class A (a)(b) | 11,439 | 111,759 | |
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 104,639 | 1,351,936 | |
Class B (a) | 73,495 | 864,301 | |
Live Nation Entertainment, Inc. (a) | 141,980 | 12,309,666 | |
LiveXLive Media, Inc. (a)(b) | 50,041 | 171,641 | |
Madison Square Garden Entertainment Corp. (a) | 24,284 | 1,947,334 | |
Madison Square Garden Sports Corp. (a) | 17,420 | 3,149,188 | |
Marcus Corp. (a)(b) | 22,722 | 354,463 | |
Motorsport Games, Inc. Class A | 2,692 | 28,993 | |
Netflix, Inc. (a) | 435,323 | 247,781,498 | |
Playtika Holding Corp. | 67,845 | 1,790,430 | |
Reading International, Inc. Class A (a) | 11,224 | 57,691 | |
Roku, Inc. Class A (a) | 113,090 | 39,852,916 | |
Sciplay Corp. (A Shares) (a) | 24,784 | 463,709 | |
Skillz, Inc. (a)(b) | 246,227 | 2,898,092 | |
Take-Two Interactive Software, Inc. (a) | 114,254 | 18,420,030 | |
The Walt Disney Co. (a) | 1,783,849 | 323,411,824 | |
Warner Music Group Corp. Class A | 91,209 | 3,465,942 | |
World Wrestling Entertainment, Inc. Class A (b) | 44,255 | 2,306,128 | |
Zynga, Inc. (a) | 993,209 | 8,789,900 | |
798,847,034 | |||
Interactive Media & Services - 6.2% | |||
Alphabet, Inc.: | |||
Class A (a) | 297,483 | 860,900,928 | |
Class C (a) | 277,365 | 806,921,353 | |
Angi, Inc. (a) | 80,097 | 852,232 | |
Autoweb, Inc. (a)(b) | 6,160 | 16,509 | |
Bumble, Inc. (b) | 52,583 | 2,865,774 | |
CarGurus, Inc. Class A (a) | 88,876 | 2,700,053 | |
Cars.com, Inc. (a) | 67,410 | 857,455 | |
Creatd, Inc. (a)(b) | 12,370 | 37,110 | |
DHI Group, Inc. (a) | 41,671 | 187,936 | |
Eventbrite, Inc. (a) | 72,477 | 1,281,393 | |
EverQuote, Inc. Class A (a) | 10,582 | 208,360 | |
Facebook, Inc. Class A (a) | 2,352,455 | 892,474,378 | |
fuboTV, Inc. (a)(b) | 93,434 | 2,723,601 | |
IAC (a) | 82,067 | 10,836,947 | |
Izea Worldwide, Inc. (a) | 52,301 | 128,660 | |
Kubient, Inc. (b) | 9,055 | 32,145 | |
Liberty TripAdvisor Holdings, Inc. (a) | 69,041 | 258,213 | |
Match Group, Inc. (a) | 266,442 | 36,619,788 | |
MediaAlpha, Inc. Class A | 22,404 | 496,921 | |
Pinterest, Inc. Class A (a) | 539,446 | 29,977,014 | |
QuinStreet, Inc. (a) | 47,372 | 848,433 | |
Snap, Inc. Class A (a) | 921,273 | 70,118,088 | |
Super League Gaming, Inc. (a) | 20,730 | 88,103 | |
Travelzoo, Inc. (a) | 7,224 | 88,205 | |
TripAdvisor, Inc. (a) | 96,388 | 3,373,580 | |
TrueCar, Inc. (a) | 89,115 | 374,283 | |
Twitter, Inc. (a) | 783,340 | 50,525,430 | |
Vimeo, Inc. (a) | 152,193 | 5,801,597 | |
Yelp, Inc. (a) | 68,165 | 2,625,034 | |
Zedge, Inc. (a) | 10,085 | 157,729 | |
Zillow Group, Inc.: | |||
Class A (a) | 46,002 | 4,397,791 | |
Class C (a)(b) | 147,539 | 14,129,810 | |
Zoominfo Technologies, Inc. (a) | 181,279 | 11,817,578 | |
2,814,722,431 | |||
Media - 1.4% | |||
Advantage Solutions, Inc. Class A (a) | 103,436 | 900,928 | |
Altice U.S.A., Inc. Class A (a) | 225,501 | 6,187,747 | |
AMC Networks, Inc. Class A (a)(b) | 29,878 | 1,420,101 | |
Audacy, Inc. Class A (a) | 115,764 | 410,962 | |
Beasley Broadcast Group, Inc. Class A (a) | 5,666 | 14,335 | |
Boston Omaha Corp. (a) | 16,681 | 596,346 | |
Cable One, Inc. | 5,344 | 11,220,209 | |
Cardlytics, Inc. (a) | 32,176 | 2,920,937 | |
Cbdmd, Inc. (a)(b) | 36,552 | 78,587 | |
Charter Communications, Inc. Class A (a) | 135,212 | 110,422,232 | |
Clear Channel Outdoor Holdings, Inc. (a) | 456,043 | 1,199,393 | |
Comcast Corp. Class A | 4,501,657 | 273,160,547 | |
comScore, Inc. (a) | 63,593 | 246,741 | |
Cumulus Media, Inc. (a) | 17,614 | 208,021 | |
Daily Journal Corp. (a) | 760 | 258,400 | |
DallasNews Corp. | 1,634 | 11,438 | |
Digital Media Solutions, Inc. Class A (a)(b) | 13,489 | 105,619 | |
Discovery Communications, Inc.: | |||
Class A (a) | 164,906 | 4,755,889 | |
Class C (non-vtg.) (a) | 295,527 | 8,153,590 | |
DISH Network Corp. Class A (a) | 244,648 | 10,664,206 | |
E.W. Scripps Co. Class A (b) | 56,997 | 1,056,724 | |
Emerald Holding, Inc. (a) | 24,466 | 121,841 | |
Entravision Communication Corp. Class A (b) | 60,673 | 422,891 | |
Fluent, Inc. (a) | 42,095 | 114,498 | |
Fox Corp.: | |||
Class A | 322,113 | 12,059,911 | |
Class B | 148,496 | 5,142,416 | |
Gannett Co., Inc. (a)(b) | 131,726 | 836,460 | |
Gray Television, Inc. | 90,637 | 2,061,085 | |
Hemisphere Media Group, Inc. (a) | 17,324 | 213,432 | |
iHeartMedia, Inc. (a) | 109,055 | 2,713,288 | |
Insignia Systems, Inc. (a)(b) | 212 | 1,698 | |
Interpublic Group of Companies, Inc. | 386,181 | 14,377,519 | |
John Wiley & Sons, Inc. Class A | 43,275 | 2,514,278 | |
Lee Enterprises, Inc. (a) | 5,551 | 133,557 | |
Liberty Broadband Corp.: | |||
Class A (a) | 23,320 | 4,332,156 | |
Class C (a) | 157,135 | 30,063,068 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 4,269 | 110,994 | |
Liberty Braves Class C (a) | 40,447 | 1,045,555 | |
Liberty Formula One Group Series C (a) | 191,772 | 9,692,157 | |
Liberty Media Class A (a) | 36,482 | 1,666,863 | |
Liberty SiriusXM Series A (a) | 77,982 | 3,860,109 | |
Liberty SiriusXM Series C (a) | 169,567 | 8,368,131 | |
Loral Space & Communications Ltd. | 13,550 | 569,236 | |
Magnite, Inc. (a) | 126,150 | 3,660,873 | |
Marchex, Inc. Class B (a) | 14,738 | 48,635 | |
Mediaco Holding, Inc. (a)(b) | 1,561 | 13,253 | |
Meredith Corp. (a) | 40,340 | 1,735,023 | |
National CineMedia, Inc. | 58,231 | 149,071 | |
News Corp.: | |||
Class A | 363,961 | 8,178,204 | |
Class B | 142,806 | 3,146,016 | |
Nexstar Broadcasting Group, Inc. Class A | 42,134 | 6,309,567 | |
Omnicom Group, Inc. | 211,227 | 15,466,041 | |
Saga Communications, Inc. Class A | 4,281 | 99,876 | |
Salem Communications Corp. Class A (a) | 7,605 | 22,207 | |
Scholastic Corp. | 28,941 | 961,999 | |
Sinclair Broadcast Group, Inc. Class A (b) | 47,636 | 1,429,556 | |
Sirius XM Holdings, Inc. (b) | 1,118,713 | 7,014,331 | |
SPAR Group, Inc. (a) | 5,651 | 9,042 | |
Stagwell, Inc. (a) | 60,621 | 423,135 | |
TechTarget, Inc. (a) | 23,123 | 1,955,743 | |
Tegna, Inc. | 215,043 | 3,810,562 | |
The New York Times Co. Class A | 143,012 | 7,262,149 | |
Thryv Holdings, Inc. (a) | 6,307 | 195,454 | |
Townsquare Media, Inc. (a) | 7,332 | 94,290 | |
Urban One, Inc.: | |||
Class A (a)(b) | 3,857 | 30,586 | |
Class D (non-vtg.) (a) | 23,198 | 161,458 | |
ViacomCBS, Inc.: | |||
Class A (b) | 57,105 | 2,625,688 | |
Class B | 541,177 | 22,431,787 | |
WideOpenWest, Inc. (a) | 50,651 | 1,074,814 | |
Xcel Brands, Inc. (a) | 4,185 | 7,700 | |
622,731,155 | |||
Wireless Telecommunication Services - 0.2% | |||
Gogo, Inc. (a) | 48,797 | 656,320 | |
NII Holdings, Inc. (a)(c) | 62,298 | 135,187 | |
Shenandoah Telecommunications Co. | 48,305 | 1,440,938 | |
Spok Holdings, Inc. | 18,114 | 179,510 | |
T-Mobile U.S., Inc. (a) | 575,730 | 78,886,525 | |
Telephone & Data Systems, Inc. | 96,367 | 1,958,177 | |
U.S. Cellular Corp. (a) | 14,075 | 449,696 | |
83,706,353 | |||
TOTAL COMMUNICATION SERVICES | 4,782,464,895 | ||
CONSUMER DISCRETIONARY - 11.8% | |||
Auto Components - 0.3% | |||
Adient PLC (a) | 93,009 | 3,658,974 | |
American Axle & Manufacturing Holdings, Inc. (a) | 114,072 | 1,011,819 | |
Aptiv PLC (a) | 265,522 | 40,409,793 | |
Autoliv, Inc. | 77,434 | 6,844,391 | |
BorgWarner, Inc. | 235,083 | 10,033,342 | |
Cooper-Standard Holding, Inc. (a) | 16,853 | 392,338 | |
Dana, Inc. | 144,936 | 3,371,211 | |
Dorman Products, Inc. (a) | 27,865 | 2,615,409 | |
Fox Factory Holding Corp. (a) | 41,328 | 6,350,874 | |
Garrett Motion, Inc. (a) | 26,324 | 183,742 | |
Gentex Corp. | 236,269 | 7,277,085 | |
Gentherm, Inc. (a) | 33,071 | 2,838,153 | |
Horizon Global Corp. (a) | 20,130 | 156,008 | |
LCI Industries (b) | 25,016 | 3,543,767 | |
Lear Corp. | 53,856 | 8,613,729 | |
Luminar Technologies, Inc. (a)(b) | 195,099 | 3,390,821 | |
Modine Manufacturing Co. (a) | 50,141 | 623,754 | |
Motorcar Parts of America, Inc. (a) | 18,023 | 357,216 | |
Patrick Industries, Inc. | 22,146 | 1,807,335 | |
QuantumScape Corp. Class A (a)(b) | 167,725 | 3,689,950 | |
Standard Motor Products, Inc. | 19,271 | 826,533 | |
Stoneridge, Inc. (a) | 25,769 | 600,418 | |
Strattec Security Corp. (a) | 3,505 | 130,737 | |
Superior Industries International, Inc. (a) | 25,832 | 190,640 | |
Sypris Solutions, Inc. (a)(b) | 11,199 | 42,668 | |
Tenneco, Inc. (a) | 66,526 | 1,037,806 | |
The Goodyear Tire & Rubber Co. (a) | 272,118 | 4,310,349 | |
Unique Fabricating, Inc. (a) | 2,233 | 6,029 | |
Veoneer, Inc. (a)(b) | 91,899 | 3,289,984 | |
Visteon Corp. (a) | 27,748 | 2,932,409 | |
XL Fleet Corp. (Class A) (a)(b) | 97,067 | 660,056 | |
XPEL, Inc. (a)(b) | 16,231 | 1,233,231 | |
122,430,571 | |||
Automobiles - 1.5% | |||
Arcimoto, Inc. (a)(b) | 26,101 | 324,174 | |
AYRO, Inc. (a)(b) | 21,854 | 90,257 | |
Canoo, Inc. (a)(b) | 139,662 | 1,006,963 | |
Fisker, Inc. (a)(b) | 159,242 | 2,221,426 | |
Ford Motor Co. (a) | 3,848,949 | 50,151,805 | |
General Motors Co. (a) | 1,253,145 | 61,416,636 | |
Harley-Davidson, Inc. | 151,202 | 5,977,015 | |
Lordstown Motors Corp. Class A (a)(b) | 104,886 | 690,150 | |
Tesla, Inc. (a) | 756,686 | 556,709,024 | |
Thor Industries, Inc. | 54,521 | 6,184,317 | |
Winnebago Industries, Inc. | 32,890 | 2,289,802 | |
Workhorse Group, Inc. (a)(b) | 106,031 | 1,040,164 | |
688,101,733 | |||
Distributors - 0.1% | |||
Amcon Distributing Co. | 146 | 23,361 | |
Core-Mark Holding Co., Inc. | 45,225 | 2,080,350 | |
Educational Development Corp. | 7,003 | 67,789 | |
Funko, Inc. (a) | 22,354 | 445,739 | |
Genuine Parts Co. | 141,820 | 17,328,986 | |
LKQ Corp. (a) | 272,823 | 14,375,044 | |
Pool Corp. | 39,351 | 19,451,199 | |
Weyco Group, Inc. | 6,020 | 138,279 | |
53,910,747 | |||
Diversified Consumer Services - 0.1% | |||
2U, Inc. (a)(b) | 72,763 | 2,694,414 | |
Adtalem Global Education, Inc. (a) | 49,275 | 1,823,175 | |
American Public Education, Inc. (a) | 17,938 | 471,769 | |
Aspen Group, Inc. (a) | 20,278 | 116,599 | |
Bright Horizons Family Solutions, Inc. (a) | 59,943 | 8,737,292 | |
Carriage Services, Inc. | 15,746 | 727,938 | |
Chegg, Inc. (a) | 139,326 | 11,594,710 | |
Coursera, Inc. | 16,492 | 634,447 | |
Frontdoor, Inc. (a) | 85,017 | 3,708,442 | |
Graham Holdings Co. | 4,028 | 2,484,511 | |
Grand Canyon Education, Inc. (a) | 46,020 | 4,102,223 | |
H&R Block, Inc. | 178,139 | 4,569,265 | |
Houghton Mifflin Harcourt Co. (a) | 124,466 | 1,676,557 | |
Laureate Education, Inc. Class A (a) | 106,888 | 1,702,726 | |
Lincoln Educational Services Corp. (a) | 21,801 | 139,744 | |
OneSpaWorld Holdings Ltd. (a)(b) | 53,612 | 562,926 | |
Perdoceo Education Corp. (a) | 68,263 | 749,528 | |
Regis Corp. (a)(b) | 22,885 | 124,037 | |
Select Interior Concepts, Inc. (a) | 19,458 | 277,471 | |
Service Corp. International | 165,433 | 10,382,575 | |
StoneMor, Inc. (a) | 114,569 | 332,250 | |
Strategic Education, Inc. (b) | 25,008 | 1,957,626 | |
Stride, Inc. (a) | 40,479 | 1,386,001 | |
Terminix Global Holdings, Inc. (a) | 126,551 | 5,268,318 | |
Universal Technical Institute, Inc. (a) | 29,734 | 207,246 | |
Vivint Smart Home, Inc. Class A (a)(b) | 44,261 | 539,984 | |
WW International, Inc. (a) | 46,726 | 1,011,618 | |
Xpresspa Group, Inc. (a) | 96,566 | 180,578 | |
Zovio, Inc. (a) | 25,669 | 66,226 | |
68,230,196 | |||
Hotels, Restaurants & Leisure - 2.0% | |||
Accel Entertainment, Inc. (a) | 53,481 | 616,101 | |
Airbnb, Inc. Class A | 144,938 | 22,463,941 | |
Allied Esports Entertainment, Inc. (a)(b) | 18,221 | 36,624 | |
ARAMARK Holdings Corp. | 251,143 | 8,737,265 | |
Ark Restaurants Corp. (a) | 2,024 | 32,485 | |
Bally's Corp. (a) | 29,028 | 1,458,367 | |
BBQ Holdings, Inc. (a) | 8,728 | 116,781 | |
Biglari Holdings, Inc. (a) | 812 | 141,978 | |
Biglari Holdings, Inc. (a) | 73 | 64,583 | |
BJ's Restaurants, Inc. (a) | 23,967 | 1,024,829 | |
Bloomin' Brands, Inc. (a) | 78,624 | 2,106,337 | |
Bluegreen Vacations Holding Corp. Class A (a) | 14,586 | 333,874 | |
Booking Holdings, Inc. (a) | 40,297 | 92,669,802 | |
Boyd Gaming Corp. (a) | 78,753 | 4,833,072 | |
Brinker International, Inc. (a) | 45,471 | 2,422,240 | |
BurgerFi International, Inc. (a)(b) | 12,624 | 129,775 | |
Caesars Entertainment, Inc. (a) | 206,364 | 20,972,773 | |
Carnival Corp. (a) | 783,692 | 18,918,325 | |
Carrols Restaurant Group, Inc. | 32,790 | 136,079 | |
Century Casinos, Inc. (a) | 26,700 | 356,979 | |
Chipotle Mexican Grill, Inc. (a) | 27,628 | 52,585,201 | |
Choice Hotels International, Inc. | 28,158 | 3,360,939 | |
Churchill Downs, Inc. | 34,285 | 7,216,993 | |
Chuy's Holdings, Inc. (a) | 19,210 | 619,715 | |
Cracker Barrel Old Country Store, Inc. | 23,295 | 3,344,696 | |
Darden Restaurants, Inc. | 128,193 | 19,312,275 | |
Dave & Buster's Entertainment, Inc. (a) | 47,364 | 1,772,361 | |
Del Taco Restaurants, Inc. | 31,586 | 277,957 | |
Denny's Corp. (a)(b) | 65,073 | 1,076,307 | |
Dine Brands Global, Inc. (a) | 16,680 | 1,379,770 | |
Domino's Pizza, Inc. | 37,999 | 19,641,303 | |
Dover Motorsports, Inc. | 2,946 | 7,748 | |
DraftKings, Inc. Class A (a)(b) | 320,978 | 19,030,786 | |
Drive Shack, Inc. (a) | 74,306 | 202,855 | |
El Pollo Loco Holdings, Inc. (a) | 17,950 | 325,613 | |
Esports Entertainment Group, Inc. (a)(b) | 14,782 | 132,003 | |
Esports Technologies, Inc. (a)(b) | 2,137 | 69,431 | |
Everi Holdings, Inc. (a) | 86,060 | 1,957,865 | |
Expedia, Inc. (a) | 139,681 | 20,183,905 | |
FAT Brands, Inc.: | |||
Class A (b) | 875 | 10,570 | |
Class B | 87 | 1,035 | |
Fiesta Restaurant Group, Inc. (a) | 16,474 | 197,853 | |
Flanigans Enterprises, Inc. (a) | 648 | 16,135 | |
Full House Resorts, Inc. (a) | 29,857 | 256,173 | |
GAN Ltd. (a)(b) | 14,501 | 247,967 | |
Golden Entertainment, Inc. (a) | 19,137 | 913,218 | |
Golden Nugget Online Gaming, Inc. (a) | 40,326 | 871,042 | |
Good Times Restaurants, Inc. (a) | 10,762 | 57,792 | |
Hall of Fame Resort & Entertainment Co. (a) | 58,045 | 195,031 | |
Hilton Grand Vacations, Inc. (a) | 84,928 | 3,710,504 | |
Hilton Worldwide Holdings, Inc. (a) | 273,308 | 34,125,237 | |
Hyatt Hotels Corp. Class A (a) | 36,691 | 2,700,091 | |
Inspired Entertainment, Inc. (a)(b) | 14,561 | 185,362 | |
J. Alexanders Holdings, Inc. (a) | 11,429 | 159,092 | |
Jack in the Box, Inc. | 21,621 | 2,290,961 | |
Kura Sushi U.S.A., Inc. Class A (a) | 3,679 | 186,930 | |
Las Vegas Sands Corp. (a) | 322,222 | 14,374,323 | |
Lindblad Expeditions Holdings (a) | 29,104 | 428,120 | |
Luby's, Inc. (a) | 19,077 | 77,834 | |
Marriott International, Inc. Class A (a) | 261,955 | 35,400,599 | |
Marriott Vacations Worldwide Corp. (a) | 41,944 | 6,272,725 | |
McDonald's Corp. | 732,307 | 173,893,620 | |
MGM Resorts International | 399,655 | 17,033,296 | |
Monarch Casino & Resort, Inc. (a) | 13,044 | 826,598 | |
Nathan's Famous, Inc. (b) | 2,681 | 177,026 | |
Nextplay Technologies, Inc. (a)(b) | 16,964 | 33,928 | |
Noodles & Co. (a) | 30,050 | 378,330 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 365,380 | 9,441,419 | |
Papa John's International, Inc. | 32,302 | 4,119,474 | |
Penn National Gaming, Inc. (a) | 147,208 | 11,938,569 | |
Planet Fitness, Inc. (a) | 82,061 | 6,671,559 | |
Playa Hotels & Resorts NV (a) | 92,144 | 673,573 | |
PlayAGS, Inc. (a) | 39,077 | 320,041 | |
Potbelly Corp. (a) | 21,284 | 147,072 | |
Rave Restaurant Group, Inc. (a) | 10,032 | 12,741 | |
RCI Hospitality Holdings, Inc. | 8,378 | 541,303 | |
Red Robin Gourmet Burgers, Inc. (a) | 14,856 | 363,675 | |
Red Rock Resorts, Inc. (a) | 63,556 | 2,975,056 | |
Royal Caribbean Cruises Ltd. (a)(b) | 215,056 | 17,791,583 | |
Rush Street Interactive, Inc. (a) | 57,646 | 857,772 | |
Ruth's Hospitality Group, Inc. (a)(b) | 33,736 | 691,251 | |
Scientific Games Corp. Class A (a) | 55,500 | 4,015,425 | |
SeaWorld Entertainment, Inc. (a) | 50,098 | 2,464,321 | |
Shake Shack, Inc. Class A (a)(b) | 35,808 | 3,106,344 | |
Six Flags Entertainment Corp. (a) | 73,940 | 3,123,226 | |
Starbucks Corp. | 1,156,369 | 135,861,794 | |
Target Hospitality Corp. (a) | 24,043 | 95,691 | |
Texas Roadhouse, Inc. Class A | 64,039 | 6,083,705 | |
The Cheesecake Factory, Inc. (a) | 44,780 | 2,088,987 | |
The ONE Group Hospitality, Inc. (a)(b) | 20,441 | 227,917 | |
Travel+Leisure Co. | 83,855 | 4,591,900 | |
Vail Resorts, Inc. (a) | 39,511 | 12,044,928 | |
Wendy's Co. | 172,512 | 3,971,226 | |
Wingstop, Inc. | 29,225 | 5,024,654 | |
Wyndham Hotels & Resorts, Inc. | 92,012 | 6,689,272 | |
Wynn Resorts Ltd. (a) | 102,871 | 10,460,952 | |
Yum! Brands, Inc. | 292,201 | 38,287,097 | |
919,773,852 | |||
Household Durables - 0.5% | |||
Aterian, Inc. (a)(b) | 14,471 | 86,247 | |
Bassett Furniture Industries, Inc. | 8,515 | 182,987 | |
Beazer Homes U.S.A., Inc. (a) | 28,551 | 534,189 | |
Casper Sleep, Inc. (a) | 24,684 | 122,926 | |
Cavco Industries, Inc. (a) | 8,299 | 2,120,395 | |
Century Communities, Inc. | 28,734 | 2,014,253 | |
Comstock Holding Companies, Inc. (a)(b) | 441 | 2,642 | |
Cricut, Inc. (a)(b) | 16,315 | 455,189 | |
D.R. Horton, Inc. | 321,879 | 30,778,070 | |
Dixie Group, Inc. (a) | 13,394 | 54,915 | |
Dream Finders Homes, Inc. (b) | 9,794 | 203,715 | |
Emerson Radio Corp. (a) | 6,994 | 8,323 | |
Ethan Allen Interiors, Inc. | 20,711 | 497,478 | |
Flexsteel Industries, Inc. | 6,418 | 224,117 | |
Garmin Ltd. | 147,271 | 25,688,481 | |
GoPro, Inc. Class A (a) | 122,043 | 1,216,769 | |
Green Brick Partners, Inc. (a) | 48,491 | 1,211,790 | |
Hamilton Beach Brands Holding Co. Class A | 7,024 | 119,408 | |
Harbor Custom Development, Inc. (a)(b) | 15,633 | 44,085 | |
Helen of Troy Ltd. (a) | 23,979 | 5,735,537 | |
Hooker Furniture Corp. | 11,124 | 346,624 | |
Hovnanian Enterprises, Inc. Class A (a) | 4,386 | 476,802 | |
Installed Building Products, Inc. | 22,301 | 2,769,338 | |
iRobot Corp. (a)(b) | 27,827 | 2,257,326 | |
KB Home | 87,369 | 3,759,488 | |
Koss Corp. (a)(b) | 3,921 | 71,950 | |
La-Z-Boy, Inc. (b) | 44,706 | 1,565,157 | |
Landsea Homes Corp. (a) | 11,273 | 99,090 | |
Legacy Housing Corp. (a) | 7,948 | 155,781 | |
Leggett & Platt, Inc. | 130,558 | 6,317,702 | |
Lennar Corp.: | |||
Class A | 249,222 | 26,744,013 | |
Class B | 41,879 | 3,665,250 | |
LGI Homes, Inc. (a) | 21,694 | 3,478,199 | |
Lifetime Brands, Inc. | 10,953 | 200,988 | |
Live Ventures, Inc. (a) | 1,305 | 58,477 | |
Lovesac (a) | 10,738 | 607,341 | |
M.D.C. Holdings, Inc. | 55,811 | 2,916,125 | |
M/I Homes, Inc. (a) | 28,839 | 1,856,943 | |
Meritage Homes Corp. (a) | 37,440 | 4,176,058 | |
Mohawk Industries, Inc. (a) | 57,451 | 11,361,510 | |
Nephros, Inc. (a) | 3,430 | 28,160 | |
New Home Co., Inc. (a) | 11,168 | 100,177 | |
Newell Brands, Inc. | 371,662 | 9,443,931 | |
Nova LifeStyle, Inc. (a)(b) | 1,541 | 3,652 | |
NVR, Inc. (a) | 3,353 | 17,368,339 | |
PulteGroup, Inc. | 259,093 | 13,954,749 | |
Purple Innovation, Inc. (a) | 59,450 | 1,450,580 | |
Skyline Champion Corp. (a) | 51,545 | 3,232,902 | |
Sonos, Inc. (a) | 96,289 | 3,825,562 | |
Taylor Morrison Home Corp. (a) | 128,013 | 3,595,885 | |
Tempur Sealy International, Inc. | 179,665 | 8,031,026 | |
Toll Brothers, Inc. | 110,134 | 7,055,184 | |
TopBuild Corp. (a) | 32,468 | 7,103,674 | |
TRI Pointe Homes, Inc. (a) | 117,685 | 2,797,372 | |
Tupperware Brands Corp. (a)(b) | 48,314 | 1,153,255 | |
Universal Electronics, Inc. (a) | 13,329 | 673,381 | |
Vizio Holding Corp. (a)(b) | 12,599 | 257,146 | |
VOXX International Corp. (a) | 14,657 | 153,459 | |
Vuzix Corp. (a)(b) | 54,986 | 727,465 | |
Whirlpool Corp. | 61,316 | 13,583,333 | |
ZAGG, Inc. rights (a)(c) | 23,001 | 2,070 | |
238,726,980 | |||
Internet & Direct Marketing Retail - 3.5% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 25,278 | 802,829 | |
1847 Goedeker, Inc. (b) | 94,315 | 281,059 | |
Amazon.com, Inc. (a) | 420,867 | 1,460,740,975 | |
Blue Apron Holdings, Inc. Class A (a)(b) | 12,599 | 52,412 | |
CarParts.com, Inc. (a)(b) | 35,373 | 610,892 | |
Chewy, Inc. (a)(b) | 82,305 | 7,252,717 | |
ContextLogic, Inc. (b) | 75,462 | 544,081 | |
Digital Brands Group, Inc. (b) | 2,370 | 7,371 | |
Doordash, Inc. | 34,664 | 6,634,690 | |
Duluth Holdings, Inc. (a) | 12,610 | 196,212 | |
eBay, Inc. | 635,065 | 48,734,888 | |
Etsy, Inc. (a) | 125,481 | 27,136,521 | |
Groupon, Inc. (a)(b) | 22,143 | 548,482 | |
iMedia Brands, Inc. (a) | 12,912 | 76,956 | |
iPower, Inc. (b) | 2,046 | 10,537 | |
Lands' End, Inc. (a) | 16,457 | 557,069 | |
Liquidity Services, Inc. (a) | 26,316 | 642,110 | |
Overstock.com, Inc. (a)(b) | 42,062 | 3,034,773 | |
PARTS iD, Inc. (a)(b) | 3,233 | 20,562 | |
PetMed Express, Inc. (b) | 20,012 | 551,130 | |
Porch Group, Inc. Class A (a)(b) | 73,139 | 1,462,780 | |
Poshmark, Inc. | 13,881 | 405,048 | |
PubMatic, Inc. (b) | 8,548 | 249,174 | |
Quotient Technology, Inc. (a) | 80,791 | 586,543 | |
Qurate Retail, Inc. Series A | 372,235 | 4,105,752 | |
Remark Holdings, Inc. (a)(b) | 83,320 | 109,982 | |
Revolve Group, Inc. (a) | 34,939 | 2,007,595 | |
RumbleON, Inc. Class B (a) | 3,118 | 107,415 | |
Shutterstock, Inc. | 21,898 | 2,523,963 | |
Stamps.com, Inc. (a) | 18,059 | 5,939,605 | |
Stitch Fix, Inc. (a) | 62,554 | 2,621,638 | |
The RealReal, Inc. (a) | 59,110 | 735,328 | |
thredUP, Inc. (a) | 15,396 | 295,141 | |
Trxade Health, Inc. (a) | 1,931 | 10,389 | |
Waitr Holdings, Inc. (a) | 98,913 | 129,576 | |
Wayfair LLC Class A (a)(b) | 72,784 | 20,434,108 | |
1,600,160,303 | |||
Leisure Products - 0.2% | |||
Acushnet Holdings Corp. | 33,691 | 1,683,202 | |
American Outdoor Brands, Inc. (a) | 13,464 | 374,703 | |
AMMO, Inc. | 74,828 | 549,986 | |
Brunswick Corp. | 76,426 | 7,403,387 | |
Callaway Golf Co. (a) | 113,591 | 3,187,363 | |
Clarus Corp. | 24,122 | 653,465 | |
Escalade, Inc. | 9,166 | 211,735 | |
Genius Brands International, Inc. (a)(b) | 273,464 | 456,685 | |
Hasbro, Inc. | 125,462 | 12,334,169 | |
Hayward Holdings, Inc. (b) | 41,470 | 868,797 | |
JAKKS Pacific, Inc. (a) | 5,182 | 77,005 | |
Johnson Outdoors, Inc. Class A | 7,654 | 878,603 | |
Latham Group, Inc. (a)(b) | 20,690 | 454,559 | |
Malibu Boats, Inc. Class A (a) | 20,814 | 1,490,282 | |
Marine Products Corp. | 28,654 | 406,314 | |
MasterCraft Boat Holdings, Inc. (a) | 19,941 | 497,329 | |
Mattel, Inc. (a) | 341,420 | 7,289,317 | |
Nautilus, Inc. (a)(b) | 29,324 | 334,294 | |
Peloton Interactive, Inc. Class A (a) | 263,758 | 26,425,914 | |
Polaris, Inc. | 56,237 | 6,734,943 | |
Smith & Wesson Brands, Inc. | 51,800 | 1,249,934 | |
Sturm, Ruger & Co., Inc. | 16,982 | 1,327,823 | |
Vinco Ventures, Inc. (a)(b) | 18,794 | 153,171 | |
Vista Outdoor, Inc. (a) | 56,181 | 2,294,994 | |
YETI Holdings, Inc. (a) | 73,510 | 7,302,483 | |
84,640,457 | |||
Multiline Retail - 0.5% | |||
Big Lots, Inc. (b) | 31,025 | 1,509,677 | |
Dillard's, Inc. Class A (b) | 6,966 | 1,326,744 | |
Dollar General Corp. | 231,782 | 51,666,526 | |
Dollar Tree, Inc. (a) | 227,614 | 20,608,172 | |
Franchise Group, Inc. | 27,883 | 968,377 | |
Kohl's Corp. | 153,260 | 8,797,124 | |
Macy's, Inc. | 305,549 | 6,841,242 | |
Nordstrom, Inc. (a) | 106,708 | 3,052,916 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 55,443 | 4,012,964 | |
Target Corp. | 485,543 | 119,919,410 | |
218,703,152 | |||
Specialty Retail - 2.3% | |||
Abercrombie & Fitch Co. Class A (a) | 60,256 | 2,154,755 | |
Academy Sports & Outdoors, Inc. | 38,379 | 1,699,038 | |
Advance Auto Parts, Inc. | 63,991 | 12,980,574 | |
America's Car Mart, Inc. (a) | 6,253 | 808,700 | |
American Eagle Outfitters, Inc. (b) | 147,201 | 4,492,575 | |
Arko Corp. (a) | 63,006 | 651,482 | |
Asbury Automotive Group, Inc. (a) | 19,064 | 3,550,479 | |
AutoNation, Inc. (a) | 52,971 | 5,778,606 | |
AutoZone, Inc. (a) | 21,187 | 32,821,841 | |
Barnes & Noble Education, Inc. (a) | 30,803 | 251,352 | |
Bath & Body Works, Inc. | 261,383 | 17,638,125 | |
Bed Bath & Beyond, Inc. (a)(b) | 104,135 | 2,867,878 | |
Best Buy Co., Inc. | 220,071 | 25,640,472 | |
Big 5 Sporting Goods Corp. (b) | 20,361 | 566,036 | |
Blink Charging Co. (a)(b) | 29,949 | 971,246 | |
Boot Barn Holdings, Inc. (a) | 28,509 | 2,545,284 | |
Build-A-Bear Workshop, Inc. (a) | 13,150 | 245,116 | |
Burlington Stores, Inc. (a) | 65,629 | 19,655,229 | |
Caleres, Inc. (b) | 37,431 | 920,428 | |
Camping World Holdings, Inc. (b) | 38,403 | 1,533,816 | |
CarLotz, Inc. Class A (a)(b) | 65,382 | 268,720 | |
CarMax, Inc. (a) | 160,144 | 20,051,630 | |
Carvana Co. Class A (a)(b) | 63,576 | 20,856,743 | |
Chico's FAS, Inc. (a) | 119,446 | 617,536 | |
Citi Trends, Inc. (a) | 9,257 | 797,398 | |
Conn's, Inc. (a) | 18,708 | 460,217 | |
Designer Brands, Inc. Class A (a) | 60,081 | 871,175 | |
Dick's Sporting Goods, Inc. | 64,383 | 9,065,770 | |
Envela Corp. (a) | 5,528 | 23,383 | |
Express, Inc. (a) | 63,356 | 375,701 | |
Five Below, Inc. (a) | 54,986 | 11,701,571 | |
Floor & Decor Holdings, Inc. Class A (a) | 103,000 | 12,699,900 | |
Foot Locker, Inc. | 100,580 | 5,701,880 | |
GameStop Corp. Class A (a)(b) | 54,851 | 11,970,682 | |
Gap, Inc. | 204,449 | 5,464,922 | |
Genesco, Inc. (a) | 14,418 | 894,349 | |
Group 1 Automotive, Inc. | 16,852 | 2,787,995 | |
GrowGeneration Corp. (a)(b) | 50,181 | 1,605,290 | |
Guess?, Inc. | 37,715 | 912,326 | |
Haverty Furniture Companies, Inc. (b) | 17,191 | 612,515 | |
Hibbett, Inc. | 15,919 | 1,523,289 | |
J.Jill, Inc. (a) | 4,052 | 80,189 | |
JOANN, Inc. (b) | 11,172 | 153,168 | |
Kirkland's, Inc. (a)(b) | 12,590 | 240,721 | |
Lazydays Holdings, Inc. (a) | 8,341 | 204,938 | |
Leslie's, Inc. (b) | 91,808 | 2,214,409 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 29,174 | 9,665,346 | |
LMP Automotive Holdings, Inc. (a)(b) | 5,881 | 100,859 | |
Lowe's Companies, Inc. | 693,738 | 141,446,241 | |
Lumber Liquidators Holdings, Inc. (a) | 29,822 | 622,087 | |
MarineMax, Inc. (a) | 21,536 | 1,047,080 | |
Monro, Inc. | 33,778 | 1,922,306 | |
Murphy U.S.A., Inc. | 24,680 | 3,832,310 | |
National Vision Holdings, Inc. (a)(b) | 80,413 | 4,823,172 | |
O'Reilly Automotive, Inc. (a) | 68,352 | 40,606,556 | |
OneWater Marine, Inc. Class A | 9,616 | 389,352 | |
Party City Holdco, Inc. (a) | 108,598 | 739,552 | |
Penske Automotive Group, Inc. | 32,098 | 2,886,573 | |
Petco Health & Wellness Co., Inc. (b) | 71,354 | 1,536,252 | |
Rent-A-Center, Inc. | 58,757 | 3,706,392 | |
RH (a)(b) | 16,644 | 11,661,951 | |
Ross Stores, Inc. | 350,045 | 41,445,328 | |
Sally Beauty Holdings, Inc. (a) | 111,223 | 2,067,636 | |
Shift Technologies, Inc. Class A (a)(b) | 57,724 | 429,467 | |
Shoe Carnival, Inc. | 16,708 | 639,582 | |
Signet Jewelers Ltd. | 51,411 | 4,071,751 | |
Sleep Number Corp. (a) | 23,945 | 2,215,152 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 22,642 | 1,144,327 | |
Sportsman's Warehouse Holdings, Inc. (a) | 42,834 | 759,875 | |
The Aaron's Co., Inc. | 33,387 | 885,423 | |
The Buckle, Inc. (b) | 29,272 | 1,133,705 | |
The Cato Corp. Class A (sub. vtg.) | 19,666 | 339,435 | |
The Children's Place Retail Stores, Inc. (a) | 14,654 | 1,272,553 | |
The Container Store Group, Inc. (a) | 18,864 | 218,822 | |
The Home Depot, Inc. | 1,043,650 | 340,417,757 | |
The ODP Corp. (a) | 52,208 | 2,462,651 | |
Tilly's, Inc. | 21,197 | 330,037 | |
TJX Companies, Inc. | 1,183,524 | 86,065,865 | |
Tractor Supply Co. | 113,051 | 21,960,157 | |
TravelCenters of America LLC (a) | 14,148 | 593,792 | |
Ulta Beauty, Inc. (a) | 53,995 | 20,912,803 | |
Urban Outfitters, Inc. (a) | 66,861 | 2,207,750 | |
Victoria's Secret & Co. (a) | 86,372 | 5,726,464 | |
Vroom, Inc. (a)(b) | 34,574 | 928,658 | |
Williams-Sonoma, Inc. | 75,476 | 14,091,369 | |
Winmark Corp. | 2,797 | 586,335 | |
Zumiez, Inc. (a) | 21,610 | 868,506 | |
1,028,690,678 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Capri Holdings Ltd. (a) | 147,962 | 8,361,333 | |
Carter's, Inc. | 42,884 | 4,390,464 | |
Charles & Colvard Ltd. (a) | 24,455 | 69,941 | |
Columbia Sportswear Co. | 29,879 | 3,047,957 | |
Crocs, Inc. (a) | 63,890 | 9,124,770 | |
Crown Crafts, Inc. | 3,488 | 26,125 | |
Culp, Inc. | 8,816 | 116,107 | |
Deckers Outdoor Corp. (a) | 27,280 | 11,415,316 | |
Delta Apparel, Inc. (a) | 5,735 | 173,484 | |
Forward Industries, Inc. (NY Shares) (a)(b) | 3,817 | 9,924 | |
Fossil Group, Inc. (a) | 46,279 | 620,139 | |
G-III Apparel Group Ltd. (a)(b) | 44,417 | 1,373,818 | |
Hanesbrands, Inc. | 340,865 | 6,367,358 | |
Jerash Holdings U.S., Inc. (b) | 1,731 | 13,675 | |
Kontoor Brands, Inc. | 46,689 | 2,519,338 | |
Lakeland Industries, Inc. (a) | 7,827 | 186,830 | |
Levi Strauss & Co. Class A | 81,085 | 2,125,238 | |
lululemon athletica, Inc. (a) | 116,295 | 46,537,770 | |
Movado Group, Inc. | 17,085 | 617,452 | |
NIKE, Inc. Class B | 1,251,647 | 206,196,327 | |
Oxford Industries, Inc. (b) | 16,498 | 1,489,769 | |
PLBY Group, Inc. (a) | 20,797 | 516,805 | |
PVH Corp. (a) | 70,489 | 7,386,542 | |
Ralph Lauren Corp. | 47,434 | 5,508,510 | |
Rocky Brands, Inc. | 6,629 | 329,329 | |
Sequential Brands Group, Inc. (a) | 610 | 3,129 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 131,195 | 6,616,164 | |
Steven Madden Ltd. | 75,035 | 3,036,666 | |
Superior Group of Companies, Inc. | 9,505 | 226,599 | |
Tapestry, Inc. | 273,533 | 11,028,851 | |
Toughbuilt Industries, Inc. (a) | 53,659 | 29,893 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 217,441 | 5,031,585 | |
Class C (non-vtg.) (a) | 154,426 | 3,097,786 | |
Unifi, Inc. (a) | 14,605 | 339,420 | |
Vera Bradley, Inc. (a) | 22,155 | 253,896 | |
VF Corp. | 316,051 | 24,168,420 | |
Vince Holding Corp. (a) | 1,696 | 11,482 | |
Wolverine World Wide, Inc. | 83,002 | 2,976,452 | |
375,344,664 | |||
TOTAL CONSUMER DISCRETIONARY | 5,398,713,333 | ||
CONSUMER STAPLES - 5.2% | |||
Beverages - 1.2% | |||
Alkaline Water Co., Inc. (a)(b) | 91,198 | 170,540 | |
Boston Beer Co., Inc. Class A (a) | 9,108 | 5,193,473 | |
Brown-Forman Corp.: | |||
Class A | 40,172 | 2,659,386 | |
Class B (non-vtg.) | 194,061 | 13,626,963 | |
Celsius Holdings, Inc. (a) | 32,231 | 2,635,207 | |
Coca-Cola Bottling Co. Consolidated | 4,541 | 1,844,373 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 165,858 | 35,019,258 | |
Duckhorn Portfolio, Inc. (a)(b) | 20,486 | 440,244 | |
Eastside Distilling, Inc. (a) | 11,228 | 33,235 | |
Keurig Dr. Pepper, Inc. | 571,362 | 20,380,483 | |
MGP Ingredients, Inc. (b) | 13,228 | 863,788 | |
Molson Coors Beverage Co. Class B | 185,082 | 8,796,947 | |
Monster Beverage Corp. (a) | 364,900 | 35,603,293 | |
National Beverage Corp. (b) | 22,868 | 1,064,505 | |
Newage, Inc. (a)(b) | 128,559 | 226,264 | |
PepsiCo, Inc. | 1,355,378 | 211,967,565 | |
REED'S, Inc. (a)(b) | 79,714 | 53,289 | |
The Coca-Cola Co. | 3,807,496 | 214,400,100 | |
Willamette Valley Vineyards, Inc. (a) | 4,326 | 54,594 | |
555,033,507 | |||
Food & Staples Retailing - 1.2% | |||
Albertsons Companies, Inc. (b) | 44,765 | 1,359,065 | |
Andersons, Inc. | 31,309 | 951,167 | |
BJ's Wholesale Club Holdings, Inc. (a) | 135,750 | 7,691,595 | |
Casey's General Stores, Inc. | 36,616 | 7,490,169 | |
Chefs' Warehouse Holdings (a) | 31,462 | 951,096 | |
Costco Wholesale Corp. | 434,026 | 197,694,503 | |
Grocery Outlet Holding Corp. (a) | 84,905 | 2,210,077 | |
HF Foods Group, Inc. (a) | 31,756 | 186,725 | |
Ingles Markets, Inc. Class A (b) | 13,606 | 923,711 | |
Kroger Co. | 743,426 | 34,219,899 | |
Natural Grocers by Vitamin Cottage, Inc. | 11,428 | 138,165 | |
Performance Food Group Co. (a) | 130,901 | 6,573,848 | |
PriceSmart, Inc. | 22,949 | 1,941,715 | |
Rite Aid Corp. (a)(b) | 53,929 | 956,700 | |
SpartanNash Co. | 35,535 | 764,003 | |
Sprouts Farmers Market LLC (a) | 116,969 | 2,912,528 | |
Sysco Corp. | 502,918 | 40,057,419 | |
U.S. Foods Holding Corp. (a) | 218,279 | 7,421,486 | |
United Natural Foods, Inc. (a)(b) | 55,685 | 2,049,208 | |
Village Super Market, Inc. Class A (b) | 7,192 | 161,029 | |
Walgreens Boots Alliance, Inc. | 704,842 | 35,770,732 | |
Walmart, Inc. | 1,347,888 | 199,622,213 | |
Weis Markets, Inc. (b) | 16,113 | 917,635 | |
552,964,688 | |||
Food Products - 0.9% | |||
Alico, Inc. | 4,078 | 152,232 | |
AppHarvest, Inc. (a)(b) | 60,737 | 510,191 | |
Arcadia Biosciences, Inc. (a)(b) | 27,868 | 67,441 | |
Archer Daniels Midland Co. | 549,280 | 32,956,800 | |
B&G Foods, Inc. Class A (b) | 64,123 | 1,946,774 | |
Beyond Meat, Inc. (a)(b) | 48,727 | 5,829,698 | |
Bridgford Foods Corp. (a) | 1,670 | 21,627 | |
Bunge Ltd. | 138,758 | 10,505,368 | |
Cal-Maine Foods, Inc. (a)(b) | 35,994 | 1,301,543 | |
Calavo Growers, Inc. | 15,824 | 742,462 | |
Campbell Soup Co. | 198,139 | 8,268,340 | |
Coffee Holding Co., Inc. (a) | 4,336 | 21,550 | |
Conagra Brands, Inc. | 470,278 | 15,575,607 | |
Darling Ingredients, Inc. (a) | 160,224 | 11,936,688 | |
Farmer Brothers Co. (a) | 15,766 | 116,668 | |
Flowers Foods, Inc. | 191,050 | 4,610,037 | |
Fresh Del Monte Produce, Inc. | 29,059 | 955,460 | |
Freshpet, Inc. (a) | 43,048 | 5,516,171 | |
General Mills, Inc. | 598,719 | 34,611,945 | |
Hormel Foods Corp. (b) | 279,163 | 12,713,083 | |
Hostess Brands, Inc. Class A (a)(b) | 126,986 | 2,026,697 | |
Ingredion, Inc. | 65,374 | 5,743,760 | |
J&J Snack Foods Corp. (b) | 14,607 | 2,392,042 | |
John B. Sanfilippo & Son, Inc. | 8,599 | 730,829 | |
Kellogg Co. (b) | 247,680 | 15,638,515 | |
Laird Superfood, Inc. (b) | 2,597 | 51,758 | |
Lamb Weston Holdings, Inc. | 143,727 | 9,363,814 | |
Lancaster Colony Corp. (b) | 19,110 | 3,387,056 | |
Landec Corp. (a) | 23,956 | 259,443 | |
Lifeway Foods, Inc. (a) | 4,358 | 23,969 | |
Limoneira Co. | 13,807 | 227,125 | |
McCormick & Co., Inc. (non-vtg.) | 245,705 | 21,201,884 | |
Mission Produce, Inc. (b) | 7,779 | 161,336 | |
Mondelez International, Inc. | 1,377,723 | 85,515,267 | |
Pilgrim's Pride Corp. (a) | 46,710 | 1,300,406 | |
Post Holdings, Inc. (a) | 57,772 | 6,465,265 | |
RiceBran Technologies (a) | 47,061 | 35,766 | |
Rocky Mountain Chocolate Factory, Inc. (a) | 3,286 | 26,058 | |
S&W Seed Co. (a) | 28,786 | 80,313 | |
Sanderson Farms, Inc. | 19,410 | 3,814,065 | |
Seaboard Corp. | 266 | 1,131,724 | |
Seneca Foods Corp. Class A (a) | 7,345 | 359,685 | |
Tattooed Chef, Inc. (a)(b) | 37,460 | 793,028 | |
The Hain Celestial Group, Inc. (a) | 81,543 | 3,050,524 | |
The Hershey Co. | 143,339 | 25,471,340 | |
The J.M. Smucker Co. | 107,409 | 13,283,271 | |
The Kraft Heinz Co. | 639,433 | 23,013,194 | |
The Simply Good Foods Co. (a) | 84,298 | 3,002,695 | |
Tootsie Roll Industries, Inc. (b) | 16,504 | 522,352 | |
TreeHouse Foods, Inc. (a) | 54,624 | 2,046,761 | |
Tyson Foods, Inc. Class A | 290,565 | 22,815,164 | |
Utz Brands, Inc. Class A (b) | 52,917 | 1,027,648 | |
Vital Farms, Inc. (a)(b) | 15,001 | 269,718 | |
Whole Earth Brands, Inc. Class A (a) | 28,853 | 361,817 | |
403,953,974 | |||
Household Products - 1.1% | |||
Central Garden & Pet Co. (a) | 25,027 | 1,152,493 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 21,578 | 899,155 | |
Church & Dwight Co., Inc. | 242,510 | 20,288,387 | |
Colgate-Palmolive Co. | 830,025 | 64,700,449 | |
Energizer Holdings, Inc. (b) | 58,207 | 2,289,863 | |
Kimberly-Clark Corp. | 331,067 | 45,624,343 | |
Ocean Bio-Chem, Inc. | 2,872 | 27,945 | |
Oil-Dri Corp. of America | 4,948 | 176,545 | |
Procter & Gamble Co. | 2,402,744 | 342,126,718 | |
Reynolds Consumer Products, Inc. | 53,411 | 1,510,463 | |
Spectrum Brands Holdings, Inc. | 37,330 | 2,913,980 | |
The Clorox Co. | 122,072 | 20,514,200 | |
WD-40 Co. (b) | 13,383 | 3,206,968 | |
505,431,509 | |||
Personal Products - 0.2% | |||
BellRing Brands, Inc. Class A (a) | 38,252 | 1,291,770 | |
Coty, Inc. Class A (a) | 276,707 | 2,703,427 | |
Cyanotech Corp. (a) | 678 | 2,142 | |
Edgewell Personal Care Co. (b) | 52,967 | 2,240,504 | |
elf Beauty, Inc. (a) | 37,687 | 1,166,413 | |
Estee Lauder Companies, Inc. Class A | 227,704 | 77,530,935 | |
Guardion Health Sciences, Inc. (a)(b) | 18,722 | 23,215 | |
Herbalife Nutrition Ltd. (a) | 85,432 | 4,386,079 | |
Inter Parfums, Inc. | 17,272 | 1,252,911 | |
Lifemd, Inc. (a)(b) | 19,085 | 150,390 | |
LifeVantage Corp. (a) | 10,415 | 80,925 | |
Mannatech, Inc. | 902 | 30,037 | |
MediFast, Inc. | 11,655 | 2,656,175 | |
Natural Alternatives International, Inc. (a) | 4,441 | 69,901 | |
Natural Health Trends Corp. | 6,482 | 43,300 | |
Nature's Sunshine Products, Inc. | 17,784 | 304,462 | |
Nu Skin Enterprises, Inc. Class A | 48,829 | 2,471,724 | |
Revlon, Inc. (a)(b) | 6,195 | 70,685 | |
Summer Infant, Inc. (a)(b) | 1,068 | 9,516 | |
The Beauty Health Co. (a) | 79,518 | 2,044,408 | |
The Honest Co., Inc. (b) | 26,269 | 267,418 | |
USANA Health Sciences, Inc. (a) | 11,215 | 1,088,191 | |
Veru, Inc. (a) | 58,949 | 525,825 | |
100,410,353 | |||
Tobacco - 0.6% | |||
22nd Century Group, Inc. (a) | 157,623 | 562,714 | |
Altria Group, Inc. | 1,818,263 | 91,331,350 | |
Philip Morris International, Inc. | 1,530,760 | 157,668,280 | |
Turning Point Brands, Inc. | 11,891 | 591,696 | |
Universal Corp. | 23,607 | 1,194,514 | |
Vector Group Ltd. (b) | 125,891 | 1,890,883 | |
253,239,437 | |||
TOTAL CONSUMER STAPLES | 2,371,033,468 | ||
ENERGY - 2.4% | |||
Energy Equipment & Services - 0.3% | |||
Archrock, Inc. | 130,629 | 1,003,231 | |
Aspen Aerogels, Inc. (a) | 27,623 | 1,208,506 | |
Baker Hughes Co. Class A | 717,449 | 16,343,488 | |
Bristow Group, Inc. (a) | 23,046 | 727,332 | |
Cactus, Inc. (b) | 53,013 | 1,988,518 | |
Championx Corp. (a) | 185,655 | 4,331,331 | |
Core Laboratories NV (b) | 44,921 | 1,238,023 | |
Dawson Geophysical Co. (a) | 24,602 | 47,482 | |
DMC Global, Inc. (a) | 18,594 | 746,921 | |
Dril-Quip, Inc. (a) | 34,901 | 848,094 | |
ENGlobal Corp. (a)(b) | 22,259 | 47,857 | |
Enservco Corp. (a)(b) | 405 | 486 | |
Exterran Corp. (a) | 23,043 | 91,481 | |
Forum Energy Technologies, Inc. (a) | 4,007 | 77,135 | |
Frank's International NV (a) | 118,700 | 341,856 | |
FTS International, Inc. Class A (a) | 8,431 | 187,253 | |
Geospace Technologies Corp. (a) | 13,380 | 130,455 | |
Gulf Island Fabrication, Inc. (a) | 6,737 | 29,508 | |
Halliburton Co. | 873,921 | 17,460,942 | |
Helix Energy Solutions Group, Inc. (a) | 137,559 | 517,222 | |
Helmerich & Payne, Inc. | 105,250 | 2,833,330 | |
Independence Contract Drilling, Inc. (a) | 5,033 | 15,753 | |
ION Geophysical Corp. (a)(b) | 30,389 | 39,202 | |
KLX Energy Services Holdings, Inc. (a) | 4,777 | 30,382 | |
Liberty Oilfield Services, Inc. Class A (a) | 84,722 | 865,859 | |
Mammoth Energy Services, Inc. (a)(b) | 33,789 | 117,924 | |
MIND Technology, Inc. (a) | 11,948 | 24,254 | |
Nabors Industries Ltd. (a) | 6,484 | 546,861 | |
Natural Gas Services Group, Inc. (a) | 10,989 | 106,044 | |
NCS Multistage Holdings, Inc. (a) | 611 | 14,267 | |
Newpark Resources, Inc. (a) | 87,176 | 228,401 | |
Nextier Oilfield Solutions, Inc. (a) | 157,699 | 567,716 | |
Nine Energy Service, Inc. (a)(b) | 13,017 | 29,288 | |
NOV, Inc. (a) | 381,631 | 5,026,080 | |
Oceaneering International, Inc. (a) | 96,916 | 1,192,067 | |
Oil States International, Inc. (a) | 59,855 | 350,750 | |
Patterson-UTI Energy, Inc. | 182,088 | 1,413,003 | |
Profire Energy, Inc. (a) | 12,262 | 13,733 | |
ProPetro Holding Corp. (a) | 87,409 | 676,546 | |
Ranger Energy Services, Inc. Class A (a) | 3,874 | 28,396 | |
RPC, Inc. (a) | 58,523 | 224,143 | |
Schlumberger Ltd. | 1,373,179 | 38,503,939 | |
SEACOR Marine Holdings, Inc. (a) | 17,542 | 75,255 | |
Select Energy Services, Inc. Class A (a) | 61,441 | 328,709 | |
Smart Sand, Inc. (a)(b) | 20,664 | 50,420 | |
Solaris Oilfield Infrastructure, Inc. Class A | 30,346 | 225,471 | |
Superior Drilling Products, Inc. (a)(b) | 7,643 | 6,030 | |
TechnipFMC PLC (a) | 420,715 | 2,789,340 | |
TETRA Technologies, Inc. (a) | 130,100 | 421,524 | |
Tidewater, Inc. (a) | 40,207 | 462,381 | |
Transocean Ltd. (United States) (a)(b) | 574,194 | 2,044,131 | |
U.S. Silica Holdings, Inc. (a) | 72,205 | 633,960 | |
U.S. Well Services, Inc. (a)(b) | 39,918 | 32,685 | |
107,284,965 | |||
Oil, Gas & Consumable Fuels - 2.1% | |||
Adams Resources & Energy, Inc. | 1,865 | 56,342 | |
Aemetis, Inc. (a)(b) | 24,638 | 273,975 | |
Alto Ingredients, Inc. (a)(b) | 60,745 | 309,192 | |
Altus Midstream Co. | 2,497 | 162,754 | |
American Resources Corp. (a)(b) | 32,951 | 73,810 | |
Amplify Energy Corp. (a) | 34,705 | 127,020 | |
Antero Midstream GP LP | 280,848 | 2,698,949 | |
Antero Resources Corp. (a) | 271,296 | 3,722,181 | |
APA Corp. | 369,052 | 7,189,133 | |
Arch Resources, Inc. (a) | 14,788 | 1,119,304 | |
Barnwell Industries, Inc. (a) | 839 | 2,064 | |
Battalion Oil Corp. (a) | 6,280 | 66,694 | |
Berry Corp. (b) | 68,980 | 413,880 | |
Bonanza Creek Energy, Inc. | 18,551 | 721,263 | |
Brigham Minerals, Inc. Class A | 37,361 | 714,342 | |
Cabot Oil & Gas Corp. | 390,415 | 6,203,694 | |
Callon Petroleum Co. (a)(b) | 45,155 | 1,542,946 | |
Camber Energy, Inc. (a) | 36,376 | 18,261 | |
Centennial Resource Development, Inc. Class A (a)(b) | 179,653 | 916,230 | |
Centrus Energy Corp. Class A (a) | 10,414 | 301,069 | |
Cheniere Energy, Inc. | 226,616 | 19,819,835 | |
Chevron Corp. | 1,896,886 | 183,561,658 | |
Cimarex Energy Co. | 100,955 | 6,483,330 | |
Clean Energy Fuels Corp. (a)(b) | 113,199 | 897,668 | |
CNX Resources Corp. (a) | 214,394 | 2,435,516 | |
Comstock Resources, Inc. (a)(b) | 59,269 | 350,280 | |
ConocoPhillips Co. | 1,324,630 | 73,556,704 | |
CONSOL Energy, Inc. (a) | 29,404 | 671,293 | |
Contango Oil & Gas Co. (a)(b) | 133,397 | 484,231 | |
Continental Resources, Inc. | 60,826 | 2,389,245 | |
CVR Energy, Inc. | 29,860 | 429,984 | |
Delek U.S. Holdings, Inc. | 74,249 | 1,270,400 | |
Denbury, Inc. (a) | 49,270 | 3,465,159 | |
Devon Energy Corp. | 588,739 | 17,397,237 | |
Diamondback Energy, Inc. | 179,257 | 13,827,885 | |
Dorian LPG Ltd. (b) | 26,286 | 347,501 | |
DT Midstream, Inc. | 95,153 | 4,421,760 | |
Earthstone Energy, Inc. (a) | 24,481 | 202,458 | |
EOG Resources, Inc. | 572,933 | 38,684,436 | |
Epsilon Energy Ltd. (a) | 11,160 | 57,028 | |
EQT Corp. (a) | 272,779 | 5,000,039 | |
Equitrans Midstream Corp. | 401,871 | 3,508,334 | |
Evolution Petroleum Corp. | 26,812 | 111,806 | |
Exxon Mobil Corp. | 4,155,586 | 226,562,549 | |
Falcon Minerals Corp. | 37,797 | 167,819 | |
Gevo, Inc. (a)(b) | 183,834 | 1,145,286 | |
Goodrich Petroleum Corp. (a) | 11,303 | 183,674 | |
Green Plains, Inc. (a)(b) | 46,311 | 1,625,516 | |
Hallador Energy Co. (a) | 23,266 | 54,908 | |
Hess Corp. | 269,795 | 18,548,406 | |
HollyFrontier Corp. | 145,815 | 4,714,199 | |
Houston American Energy Corp. (a)(b) | 6,711 | 12,214 | |
International Seaways, Inc. (b) | 42,774 | 735,713 | |
Kinder Morgan, Inc. | 1,912,115 | 31,110,111 | |
Kosmos Energy Ltd. (a) | 397,294 | 937,614 | |
Laredo Petroleum, Inc. (a)(b) | 9,367 | 506,099 | |
Lightbridge Corp. (a)(b) | 5,102 | 32,041 | |
Magnolia Oil & Gas Corp. Class A | 141,881 | 2,224,694 | |
Marathon Oil Corp. | 776,203 | 9,120,385 | |
Marathon Petroleum Corp. | 625,238 | 37,057,856 | |
Matador Resources Co. | 107,222 | 3,082,633 | |
Meta Materials, Inc. (a)(b) | 59,879 | 278,437 | |
Murphy Oil Corp. (b) | 141,492 | 3,008,120 | |
NACCO Industries, Inc. Class A | 3,656 | 91,071 | |
New Fortress Energy, Inc. | 48,715 | 1,430,760 | |
Nextdecade Corp. (a) | 110,158 | 365,725 | |
Northern Oil & Gas, Inc. | 45,149 | 749,473 | |
Oasis Petroleum, Inc. | 19,512 | 1,689,544 | |
Occidental Petroleum Corp. | 831,228 | 21,354,247 | |
ONEOK, Inc. | 437,587 | 22,982,069 | |
Overseas Shipholding Group, Inc. (a) | 72,216 | 189,206 | |
Ovintiv, Inc. | 258,005 | 7,033,216 | |
Par Pacific Holdings, Inc. (a) | 43,495 | 717,233 | |
PBF Energy, Inc. Class A (a) | 92,959 | 966,774 | |
PDC Energy, Inc. | 98,498 | 4,112,292 | |
Peabody Energy Corp. (a) | 67,358 | 1,076,381 | |
Pedevco Corp. (a) | 16,869 | 19,231 | |
Penn Virginia Corp. (a) | 16,123 | 333,746 | |
Phillips 66 Co. | 430,100 | 30,575,809 | |
Phx Minerals, Inc. Class A | 34,166 | 86,440 | |
Pioneer Natural Resources Co. | 227,498 | 34,049,626 | |
PrimeEnergy Corp. (a) | 351 | 17,578 | |
Range Resources Corp. (a) | 256,392 | 3,748,451 | |
Renewable Energy Group, Inc. (a) | 46,714 | 2,261,892 | |
Rex American Resources Corp. (a) | 5,124 | 434,310 | |
Riley Exploration Permian, Inc. (b) | 1,132 | 22,866 | |
Ring Energy, Inc. (a)(b) | 85,168 | 204,403 | |
SandRidge Energy, Inc. (a) | 31,654 | 281,721 | |
SilverBow Resources, Inc. (a) | 11,466 | 209,598 | |
SM Energy Co. | 106,951 | 2,042,764 | |
Southwestern Energy Co. (a) | 633,501 | 2,882,430 | |
Talos Energy, Inc. (a) | 30,858 | 382,639 | |
Targa Resources Corp. | 224,145 | 9,844,448 | |
Tellurian, Inc. (a)(b) | 208,962 | 666,589 | |
Texas Pacific Land Corp. (b) | 7,620 | 10,361,219 | |
The Williams Companies, Inc. | 1,192,652 | 29,446,578 | |
U.S. Energy Corp. (a)(b) | 2,763 | 11,024 | |
Uranium Energy Corp. (a) | 225,821 | 566,811 | |
VAALCO Energy, Inc. (a) | 50,007 | 122,517 | |
Valero Energy Corp. | 403,659 | 26,766,628 | |
Vertex Energy, Inc. (a) | 26,073 | 196,590 | |
Vine Energy, Inc. Class A | 24,730 | 367,735 | |
W&T Offshore, Inc. (a) | 88,402 | 288,191 | |
Whiting Petroleum Corp. (a) | 38,128 | 1,790,110 | |
World Fuel Services Corp. | 61,786 | 1,999,395 | |
969,854,494 | |||
TOTAL ENERGY | 1,077,139,459 | ||
FINANCIALS - 11.6% | |||
Banks - 4.2% | |||
1st Constitution Bancorp | 7,898 | 176,994 | |
1st Source Corp. | 16,698 | 784,806 | |
ACNB Corp. | 8,227 | 237,020 | |
Allegiance Bancshares, Inc. (b) | 18,176 | 675,602 | |
Altabancorp | 13,838 | 574,554 | |
Amalgamated Financial Corp. | 26,397 | 410,473 | |
Amerant Bancorp, Inc. Class A (a) | 19,897 | 528,663 | |
American National Bankshares, Inc. | 10,670 | 364,701 | |
Ameris Bancorp | 71,644 | 3,527,751 | |
AmeriServ Financial, Inc. | 16,210 | 63,219 | |
Ames National Corp. | 8,725 | 204,252 | |
Arrow Financial Corp. | 15,519 | 571,875 | |
Associated Banc-Corp. | 149,615 | 3,085,061 | |
Atlantic Capital Bancshares, Inc. (a) | 19,452 | 471,322 | |
Atlantic Union Bankshares Corp. | 77,409 | 2,864,133 | |
Auburn National Bancorp., Inc. | 2,294 | 78,799 | |
Banc of California, Inc. | 42,574 | 765,055 | |
BancFirst Corp. | 18,144 | 1,026,225 | |
Bancorp, Inc., Delaware (a) | 52,898 | 1,304,465 | |
BancorpSouth Bank (b) | 94,692 | 2,777,316 | |
Bank First National Corp. | 6,170 | 438,070 | |
Bank of America Corp. | 7,402,834 | 309,068,320 | |
Bank of Commerce Holdings | 14,624 | 208,538 | |
Bank of Hawaii Corp. | 39,617 | 3,320,301 | |
Bank of Marin Bancorp | 14,400 | 521,280 | |
Bank of South Carolina Corp. | 800 | 16,600 | |
Bank of the James Financial Group, Inc. | 6,254 | 88,494 | |
Bank OZK | 117,733 | 4,995,411 | |
Bank7 Corp. | 985 | 22,360 | |
BankFinancial Corp. | 15,633 | 181,343 | |
BankUnited, Inc. | 90,483 | 3,803,000 | |
Bankwell Financial Group, Inc. | 5,907 | 177,742 | |
Banner Corp. | 33,948 | 1,941,826 | |
Bar Harbor Bankshares | 14,264 | 390,834 | |
BayCom Corp. (a) | 10,110 | 175,004 | |
BCB Bancorp, Inc. | 13,944 | 207,347 | |
Berkshire Hills Bancorp, Inc. | 50,548 | 1,295,545 | |
Blue Ridge Bankshares, Inc. (b) | 15,915 | 282,491 | |
BOK Financial Corp. | 29,983 | 2,640,003 | |
Brookline Bancorp, Inc., Delaware | 75,290 | 1,127,091 | |
Bryn Mawr Bank Corp. | 18,922 | 772,018 | |
Business First Bancshares, Inc. | 19,232 | 460,029 | |
Byline Bancorp, Inc. | 22,456 | 552,418 | |
C & F Financial Corp. | 3,192 | 170,900 | |
Cadence Bancorp Class A | 127,625 | 2,745,214 | |
California Bancorp, Inc. (a) | 8,230 | 142,791 | |
Cambridge Bancorp | 6,833 | 585,861 | |
Camden National Corp. | 14,433 | 673,588 | |
Capital Bancorp, Inc. | 8,762 | 207,835 | |
Capital City Bank Group, Inc. | 11,135 | 258,221 | |
Capstar Financial Holdings, Inc. | 17,866 | 375,901 | |
Carter Bankshares, Inc. (a) | 23,269 | 283,649 | |
Cathay General Bancorp | 72,595 | 2,887,829 | |
CB Financial Services, Inc. | 4,567 | 105,954 | |
CBTX, Inc. | 17,652 | 480,487 | |
Central Pacific Financial Corp. | 27,119 | 686,382 | |
Central Valley Community Bancorp | 10,451 | 227,205 | |
Century Bancorp, Inc. Class A (non-vtg.) | 2,735 | 312,693 | |
Chemung Financial Corp. (b) | 3,381 | 157,149 | |
ChoiceOne Financial Services, Inc. | 7,191 | 176,395 | |
CIT Group, Inc. | 97,899 | 5,425,563 | |
Citigroup, Inc. | 2,028,993 | 145,904,887 | |
Citizens & Northern Corp. | 15,477 | 388,318 | |
Citizens Community Bancorp, Inc. | 7,162 | 99,982 | |
Citizens Financial Group, Inc. | 419,746 | 18,380,677 | |
Citizens Holding Co. (b) | 5,474 | 97,164 | |
City Holding Co. | 15,072 | 1,174,109 | |
Civista Bancshares, Inc. | 14,444 | 339,723 | |
CNB Financial Corp., Pennsylvania | 16,167 | 397,385 | |
Coastal Financial Corp. of Washington (a) | 8,923 | 262,069 | |
Codorus Valley Bancorp, Inc. | 8,016 | 177,554 | |
Colony Bankcorp, Inc. | 6,671 | 124,014 | |
Columbia Banking Systems, Inc. | 70,013 | 2,545,673 | |
Comerica, Inc. | 138,783 | 10,257,452 | |
Commerce Bancshares, Inc. | 102,944 | 7,280,200 | |
Community Bank System, Inc. | 52,852 | 3,911,048 | |
Community Bankers Trust Corp. | 28,949 | 324,518 | |
Community Financial Corp. | 4,837 | 172,971 | |
Community Trust Bancorp, Inc. | 14,778 | 615,651 | |
Community West Bancshares | 9,654 | 127,433 | |
ConnectOne Bancorp, Inc. | 33,400 | 955,574 | |
Cortland Bancorp | 2,443 | 65,937 | |
County Bancorp, Inc. | 4,756 | 172,833 | |
CrossFirst Bankshares, Inc. (a) | 45,435 | 600,651 | |
Cullen/Frost Bankers, Inc. | 55,110 | 6,294,664 | |
Customers Bancorp, Inc. (a) | 30,742 | 1,273,026 | |
CVB Financial Corp. | 124,914 | 2,543,249 | |
Dime Community Bancshares, Inc. | 34,748 | 1,146,684 | |
Eagle Bancorp Montana, Inc. | 5,640 | 124,870 | |
Eagle Bancorp, Inc. | 30,891 | 1,782,411 | |
East West Bancorp, Inc. | 140,494 | 10,303,830 | |
Eastern Bankshares, Inc. | 182,115 | 3,602,235 | |
Emclaire Financial Corp. | 3,240 | 87,156 | |
Enterprise Bancorp, Inc. | 8,476 | 286,065 | |
Enterprise Financial Services Corp. | 36,691 | 1,647,793 | |
Equity Bancshares, Inc. (a) | 13,660 | 438,213 | |
Esquire Financial Holdings, Inc. (a) | 6,454 | 167,804 | |
Evans Bancorp, Inc. | 5,091 | 199,313 | |
Farmers & Merchants Bancorp, Inc. | 9,727 | 221,387 | |
Farmers National Banc Corp. (b) | 24,344 | 379,766 | |
FB Financial Corp. | 34,286 | 1,412,240 | |
Fidelity D & D Bancorp, Inc. (b) | 3,766 | 203,176 | |
Fifth Third Bancorp | 695,438 | 27,024,721 | |
Financial Institutions, Inc. | 15,188 | 482,371 | |
First Bancorp, North Carolina | 27,591 | 1,152,200 | |
First Bancorp, Puerto Rico | 209,785 | 2,670,563 | |
First Bancshares, Inc. | 20,922 | 847,759 | |
First Bank Hamilton New Jersey | 14,305 | 190,543 | |
First Busey Corp. | 48,353 | 1,145,966 | |
First Business Finance Services, Inc. | 6,798 | 192,655 | |
First Capital, Inc. | 3,136 | 132,966 | |
First Citizens Bancshares, Inc. (b) | 7,152 | 6,420,350 | |
First Commonwealth Financial Corp. | 92,768 | 1,254,223 | |
First Community Bankshares, Inc. | 15,047 | 470,068 | |
First Community Corp. | 6,412 | 130,612 | |
First Financial Bancorp, Ohio (b) | 95,001 | 2,233,474 | |
First Financial Bankshares, Inc. (b) | 139,246 | 6,630,895 | |
First Financial Corp., Indiana | 11,678 | 472,142 | |
First Financial Northwest, Inc. | 8,821 | 143,694 | |
First Foundation, Inc. | 38,492 | 924,963 | |
First Guaranty Bancshares, Inc. | 4,272 | 81,083 | |
First Hawaiian, Inc. | 126,901 | 3,541,807 | |
First Horizon National Corp. | 547,502 | 8,973,558 | |
First Internet Bancorp | 8,982 | 266,945 | |
First Interstate Bancsystem, Inc. | 33,872 | 1,492,400 | |
First Merchants Corp. | 53,590 | 2,205,229 | |
First Mid-Illinois Bancshares, Inc. | 15,208 | 622,007 | |
First Midwest Bancorp, Inc., Delaware | 110,458 | 2,068,878 | |
First National Corp. (b) | 3,023 | 63,725 | |
First Northwest Bancorp | 9,923 | 186,949 | |
First of Long Island Corp. | 21,091 | 447,129 | |
First Republic Bank | 173,517 | 34,519,472 | |
First Savings Financial Group, Inc. | 1,794 | 156,114 | |
First U.S. Bancshares, Inc. | 8,570 | 92,128 | |
First United Corp. | 6,093 | 112,233 | |
First Western Financial, Inc. (a) | 5,604 | 151,644 | |
Five Star Bancorp | 4,872 | 116,343 | |
Flushing Financial Corp. | 29,329 | 672,514 | |
FNB Corp., Pennsylvania | 309,869 | 3,619,270 | |
FNCM Bancorp, Inc. | 13,381 | 104,773 | |
Franklin Financial Services Corp. | 4,304 | 136,480 | |
Fulton Financial Corp. | 156,848 | 2,486,041 | |
FVCBankcorp, Inc. (a) | 10,811 | 213,842 | |
German American Bancorp, Inc. | 23,921 | 893,689 | |
Glacier Bancorp, Inc. | 93,457 | 4,977,520 | |
Great Southern Bancorp, Inc. | 10,308 | 561,477 | |
Great Western Bancorp, Inc. | 53,677 | 1,661,840 | |
Guaranty Bancshares, Inc. Texas | 8,698 | 298,515 | |
Hancock Whitney Corp. | 84,589 | 3,887,710 | |
Hanmi Financial Corp. | 28,739 | 554,088 | |
HarborOne Bancorp, Inc. | 54,104 | 764,490 | |
Hawthorn Bancshares, Inc. | 6,148 | 140,543 | |
HBT Financial, Inc. | 10,729 | 175,419 | |
Heartland Financial U.S.A., Inc. | 38,486 | 1,809,997 | |
Heritage Commerce Corp. | 58,351 | 657,616 | |
Heritage Financial Corp., Washington | 34,685 | 882,733 | |
Hilltop Holdings, Inc. | 63,137 | 2,113,195 | |
Home Bancshares, Inc. | 147,898 | 3,275,941 | |
HomeTrust Bancshares, Inc. | 15,736 | 437,776 | |
Hope Bancorp, Inc. | 118,407 | 1,632,833 | |
Horizon Bancorp, Inc. Indiana | 37,430 | 668,126 | |
Howard Bancorp, Inc. (a) | 11,534 | 229,527 | |
Huntington Bancshares, Inc. | 1,450,205 | 22,521,684 | |
Independent Bank Corp. | 22,037 | 461,455 | |
Independent Bank Corp., Massachusetts (b) | 34,418 | 2,639,861 | |
Independent Bank Group, Inc. | 39,679 | 2,794,592 | |
International Bancshares Corp. | 54,419 | 2,279,068 | |
Investar Holding Corp. | 8,801 | 197,934 | |
Investors Bancorp, Inc. | 219,178 | 3,136,437 | |
JPMorgan Chase & Co. | 2,971,713 | 475,325,494 | |
KeyCorp | 950,976 | 19,323,832 | |
Lakeland Bancorp, Inc. | 48,188 | 813,413 | |
Lakeland Financial Corp. (b) | 24,519 | 1,628,307 | |
Landmark Bancorp, Inc. | 2,852 | 78,943 | |
LCNB Corp. | 11,012 | 192,490 | |
Level One Bancorp, Inc. | 4,344 | 116,593 | |
Limestone Bancorp, Inc. (a) | 2,642 | 45,707 | |
Live Oak Bancshares, Inc. | 30,636 | 1,875,230 | |
M&T Bank Corp. | 126,962 | 17,775,950 | |
Macatawa Bank Corp. | 23,690 | 194,495 | |
Mackinac Financial Corp. | 8,521 | 180,304 | |
Mainstreet Bancshares, Inc. (a) | 6,493 | 151,612 | |
Malvern Bancorp, Inc. (a) | 4,373 | 80,769 | |
Mercantile Bank Corp. | 15,532 | 484,598 | |
Meridian Bank/Malvern, PA | 5,109 | 149,643 | |
Metrocity Bankshares, Inc. | 19,207 | 397,777 | |
Metropolitan Bank Holding Corp. (a) | 7,734 | 605,572 | |
Mid Penn Bancorp, Inc. | 9,524 | 253,243 | |
Middlefield Banc Corp. | 5,696 | 135,565 | |
Midland States Bancorp, Inc. | 19,303 | 488,366 | |
MidWestOne Financial Group, Inc. | 14,087 | 413,594 | |
MVB Financial Corp. (b) | 9,836 | 388,915 | |
National Bank Holdings Corp. | 30,020 | 1,125,750 | |
National Bankshares, Inc. | 5,702 | 210,746 | |
NBT Bancorp, Inc. (b) | 46,078 | 1,652,357 | |
Nicolet Bankshares, Inc. (a) | 9,011 | 688,531 | |
Northeast Bank | 7,583 | 248,267 | |
Northrim Bancorp, Inc. | 5,866 | 246,196 | |
Norwood Financial Corp. | 7,276 | 185,538 | |
Oak Valley Bancorp Oakdale California | 6,445 | 112,465 | |
OceanFirst Financial Corp. | 57,765 | 1,228,084 | |
OFG Bancorp | 49,943 | 1,189,143 | |
Ohio Valley Banc Corp. | 3,377 | 91,179 | |
Old National Bancorp, Indiana (b) | 161,471 | 2,690,107 | |
Old Point Financial Corp. | 6,643 | 148,205 | |
Old Second Bancorp, Inc. | 23,325 | 274,302 | |
Origin Bancorp, Inc. | 21,266 | 875,096 | |
Orrstown Financial Services, Inc. | 10,708 | 255,493 | |
Pacific Mercantile Bancorp (a) | 20,792 | 183,178 | |
Pacific Premier Bancorp, Inc. | 93,196 | 3,724,112 | |
PacWest Bancorp | 114,094 | 4,854,700 | |
Park National Corp. | 13,844 | 1,623,071 | |
Parke Bancorp, Inc. | 9,689 | 198,818 | |
Partners Bancorp | 5,521 | 48,088 | |
PCB Bancorp | 12,461 | 237,008 | |
Peapack-Gladstone Financial Corp. | 15,655 | 521,468 | |
Penns Woods Bancorp, Inc. (b) | 6,380 | 151,397 | |
Peoples Bancorp of North Carolina | 4,303 | 121,345 | |
Peoples Bancorp, Inc. | 19,405 | 606,212 | |
Peoples Financial Services Corp. (b) | 6,355 | 292,902 | |
Peoples United Financial, Inc. | 420,416 | 6,907,435 | |
Pinnacle Financial Partners, Inc. | 75,308 | 7,298,851 | |
Plumas Bancorp | 4,631 | 149,396 | |
PNC Financial Services Group, Inc. | 417,898 | 79,860,308 | |
Popular, Inc. | 79,286 | 6,020,979 | |
Preferred Bank, Los Angeles | 12,952 | 827,503 | |
Premier Financial Bancorp, Inc. | 11,625 | 209,366 | |
Primis Financial Corp. | 17,918 | 268,591 | |
Professional Holdings Corp. (A Shares) (a) | 13,343 | 256,853 | |
Prosperity Bancshares, Inc. | 90,977 | 6,357,473 | |
QCR Holdings, Inc. (b) | 14,457 | 751,041 | |
RBB Bancorp | 11,943 | 307,413 | |
Red River Bancshares, Inc. | 5,150 | 258,324 | |
Regions Financial Corp. | 942,111 | 19,247,328 | |
Reliant Bancorp, Inc. | 14,785 | 428,765 | |
Renasant Corp. (b) | 54,862 | 1,925,656 | |
Republic Bancorp, Inc., Kentucky Class A | 8,806 | 441,445 | |
Republic First Bancorp, Inc. (a) | 44,175 | 147,545 | |
Richmond Mutual Bancorp., Inc. | 12,040 | 183,971 | |
Riverview Financial Corp. (a) | 6,760 | 83,756 | |
S&T Bancorp, Inc. | 38,029 | 1,133,264 | |
Salisbury Bancorp, Inc. | 2,343 | 120,055 | |
Sandy Spring Bancorp, Inc. | 46,335 | 2,018,816 | |
SB Financial Group, Inc. | 6,586 | 120,326 | |
Seacoast Banking Corp., Florida | 53,842 | 1,719,713 | |
Select Bancorp, Inc. (a) | 15,766 | 261,085 | |
ServisFirst Bancshares, Inc. | 46,054 | 3,381,285 | |
Shore Bancshares, Inc. | 11,188 | 198,028 | |
Sierra Bancorp | 13,611 | 345,992 | |
Signature Bank | 56,647 | 14,690,267 | |
Silvergate Capital Corp. (a) | 20,335 | 2,297,448 | |
Simmons First National Corp. Class A (b) | 105,723 | 3,071,253 | |
SmartFinancial, Inc. | 13,311 | 332,509 | |
Sound Financial Bancorp, Inc. | 3,275 | 142,495 | |
South Plains Financial, Inc. | 10,220 | 237,104 | |
South State Corp. | 69,735 | 4,782,426 | |
Southern First Bancshares, Inc. (a) | 6,343 | 323,366 | |
Southside Bancshares, Inc. | 29,558 | 1,114,041 | |
Spirit of Texas Bancshares, Inc. | 12,623 | 298,534 | |
Sterling Bancorp | 187,397 | 4,289,517 | |
Stock Yards Bancorp, Inc. | 20,740 | 1,069,769 | |
Summit Financial Group, Inc. | 8,842 | 211,677 | |
Summit State Bank | 3,784 | 57,895 | |
SVB Financial Group (a) | 57,684 | 32,274,198 | |
Synovus Financial Corp. | 149,768 | 6,455,001 | |
Texas Capital Bancshares, Inc. (a) | 50,854 | 3,457,563 | |
The Bank of Princeton | 4,966 | 151,463 | |
The First Bancorp, Inc. | 9,551 | 283,569 | |
Tompkins Financial Corp. | 11,701 | 931,283 | |
TowneBank | 65,716 | 2,002,367 | |
Trico Bancshares | 26,265 | 1,038,781 | |
TriState Capital Holdings, Inc. (a) | 26,797 | 541,567 | |
Triumph Bancorp, Inc. (a) | 22,921 | 1,884,565 | |
Truist Financial Corp. | 1,323,392 | 75,512,748 | |
Trustmark Corp. (b) | 61,490 | 1,944,314 | |
U.S. Bancorp | 1,333,481 | 76,528,475 | |
UMB Financial Corp. | 42,397 | 3,882,717 | |
Umpqua Holdings Corp. | 214,817 | 4,182,487 | |
Union Bankshares, Inc. | 4,955 | 164,258 | |
United Bancorp, Inc. (b) | 8,540 | 129,381 | |
United Bancshares, Inc. | 674 | 20,085 | |
United Bankshares, Inc., West Virginia (b) | 131,273 | 4,769,148 | |
United Community Bank, Inc. | 84,736 | 2,556,485 | |
United Security Bancshares, California | 12,691 | 104,066 | |
Unity Bancorp, Inc. | 6,190 | 141,442 | |
Univest Corp. of Pennsylvania | 27,915 | 755,938 | |
Valley National Bancorp | 396,563 | 5,171,182 | |
Veritex Holdings, Inc. | 48,935 | 1,758,235 | |
Virginia National Bank Corp. (b) | 3,473 | 129,890 | |
Washington Trust Bancorp, Inc. | 16,607 | 884,489 | |
Webster Financial Corp. | 88,193 | 4,455,510 | |
Wells Fargo & Co. | 4,058,646 | 185,480,122 | |
WesBanco, Inc. | 65,560 | 2,229,040 | |
West Bancorp., Inc. | 14,293 | 437,223 | |
Westamerica Bancorp. | 27,673 | 1,570,166 | |
Western Alliance Bancorp. | 102,053 | 9,956,291 | |
Wintrust Financial Corp. | 55,638 | 4,163,948 | |
Zions Bancorp NA | 159,963 | 9,261,858 | |
1,934,319,357 | |||
Capital Markets - 3.2% | |||
Affiliated Managers Group, Inc. | 40,921 | 6,961,071 | |
Ameriprise Financial, Inc. | 113,886 | 31,080,628 | |
Apollo Global Management LLC Class A (b) | 208,291 | 12,451,636 | |
Ares Management Corp. | 108,713 | 8,390,469 | |
Artisan Partners Asset Management, Inc. | 60,485 | 3,142,801 | |
Ashford, Inc. (a) | 1,740 | 28,710 | |
Assetmark Financial Holdings, Inc. (a) | 21,456 | 576,523 | |
Associated Capital Group, Inc. | 2,749 | 101,356 | |
B. Riley Financial, Inc. | 17,268 | 1,131,745 | |
Bank of New York Mellon Corp. | 791,877 | 43,727,448 | |
BGC Partners, Inc. Class A | 328,915 | 1,693,912 | |
BlackRock, Inc. Class A | 139,223 | 131,327,664 | |
Blucora, Inc. (a) | 47,739 | 783,397 | |
BrightSphere Investment Group, Inc. | 57,545 | 1,564,649 | |
Carlyle Group LP | 114,525 | 5,655,245 | |
Cboe Global Markets, Inc. | 104,698 | 13,207,653 | |
Charles Schwab Corp. | 1,472,520 | 107,273,082 | |
CME Group, Inc. | 352,554 | 71,117,193 | |
Cohen & Co., Inc. | 202 | 4,531 | |
Cohen & Steers, Inc. | 23,287 | 2,042,503 | |
Coinbase Global, Inc. (a)(b) | 26,450 | 6,850,550 | |
Cowen Group, Inc. Class A (b) | 26,732 | 963,421 | |
Diamond Hill Investment Group, Inc. | 2,874 | 526,028 | |
Donnelley Financial Solutions, Inc. (a) | 30,168 | 1,006,103 | |
Evercore, Inc. Class A | 40,326 | 5,631,123 | |
FactSet Research Systems, Inc. | 37,190 | 14,140,382 | |
Federated Hermes, Inc. | 93,372 | 3,158,775 | |
Focus Financial Partners, Inc. Class A (a) | 50,155 | 2,602,041 | |
Franklin Resources, Inc. | 267,571 | 8,680,003 | |
GAMCO Investors, Inc. Class A | 4,820 | 131,634 | |
GCM Grosvenor, Inc. Class A (b) | 35,414 | 393,804 | |
Goldman Sachs Group, Inc. | 333,697 | 137,987,046 | |
Greenhill & Co., Inc. (b) | 14,352 | 211,548 | |
Hamilton Lane, Inc. Class A | 31,596 | 2,719,468 | |
Hennessy Advisors, Inc. | 1,863 | 19,003 | |
Heritage Global, Inc. (a) | 30,061 | 61,926 | |
Houlihan Lokey | 50,182 | 4,526,416 | |
Interactive Brokers Group, Inc. | 79,373 | 5,130,671 | |
Intercontinental Exchange, Inc. | 552,149 | 65,998,370 | |
Invesco Ltd. | 370,914 | 9,391,542 | |
Janus Henderson Group PLC | 167,898 | 7,280,057 | |
Jefferies Financial Group, Inc. | 196,293 | 7,254,989 | |
KKR & Co. LP | 571,563 | 36,745,785 | |
Lazard Ltd. Class A | 111,424 | 5,281,498 | |
LPL Financial | 78,437 | 11,596,910 | |
Manning & Napier, Inc. Class A | 14,069 | 136,610 | |
MarketAxess Holdings, Inc. | 37,294 | 17,748,960 | |
Moelis & Co. Class A | 61,049 | 3,781,986 | |
Moody's Corp. | 157,999 | 60,161,279 | |
Morgan Stanley | 1,460,659 | 152,536,619 | |
Morningstar, Inc. | 21,000 | 5,627,790 | |
MSCI, Inc. | 80,906 | 51,341,329 | |
NASDAQ, Inc. | 112,771 | 22,078,306 | |
Northern Trust Corp. | 204,887 | 24,283,207 | |
Open Lending Corp. (a) | 95,648 | 3,536,107 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 8,908 | 415,024 | |
Piper Jaffray Companies | 14,276 | 2,040,326 | |
PJT Partners, Inc. | 24,079 | 1,901,759 | |
Pzena Investment Management, Inc. | 18,643 | 203,395 | |
Raymond James Financial, Inc. | 120,127 | 16,805,767 | |
S&P Global, Inc. | 236,332 | 104,888,868 | |
Safeguard Scientifics, Inc. (a) | 19,693 | 154,393 | |
Sculptor Capital Management, Inc. Class A | 20,212 | 572,000 | |
SEI Investments Co. | 115,790 | 7,272,770 | |
Siebert Financial Corp. (a)(b) | 7,387 | 28,144 | |
Silvercrest Asset Management Group Class A | 7,789 | 126,493 | |
State Street Corp. | 341,679 | 31,745,396 | |
StepStone Group, Inc. Class A | 26,952 | 1,290,192 | |
Stifel Financial Corp. | 103,788 | 7,171,751 | |
StoneX Group, Inc. (a) | 16,524 | 1,151,558 | |
T. Rowe Price Group, Inc. | 222,775 | 49,872,639 | |
The Blackstone Group LP | 671,693 | 84,451,961 | |
Tradeweb Markets, Inc. Class A | 103,681 | 9,021,284 | |
U.S. Global Investors, Inc. Class A | 11,718 | 74,058 | |
Value Line, Inc. | 459 | 16,822 | |
Victory Capital Holdings, Inc. | 15,385 | 538,937 | |
Virtu Financial, Inc. Class A (b) | 76,989 | 1,884,691 | |
Virtus Investment Partners, Inc. | 7,205 | 2,253,004 | |
Westwood Holdings Group, Inc. | 6,565 | 146,268 | |
WisdomTree Investments, Inc. (b) | 108,069 | 681,915 | |
1,446,492,917 | |||
Consumer Finance - 0.7% | |||
Ally Financial, Inc. | 363,589 | 19,233,858 | |
American Express Co. | 638,694 | 105,997,656 | |
Atlanticus Holdings Corp. (a) | 5,666 | 363,757 | |
Capital One Financial Corp. | 443,076 | 73,537,324 | |
Consumer Portfolio Services, Inc. (a) | 13,429 | 76,814 | |
Credit Acceptance Corp. (a)(b) | 11,305 | 6,553,282 | |
CURO Group Holdings Corp. | 16,387 | 268,255 | |
Discover Financial Services | 299,541 | 38,407,147 | |
Elevate Credit, Inc. (a) | 16,945 | 59,477 | |
Encore Capital Group, Inc. (a)(b) | 30,272 | 1,489,685 | |
Enova International, Inc. (a) | 36,048 | 1,188,863 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 50,097 | 345,168 | |
First Cash Financial Services, Inc. | 40,344 | 3,457,077 | |
Green Dot Corp. Class A (a) | 53,295 | 2,784,131 | |
LendingClub Corp. (a) | 95,192 | 2,956,664 | |
LendingTree, Inc. (a) | 10,988 | 1,830,930 | |
Medallion Financial Corp. (a) | 17,110 | 145,948 | |
Navient Corp. | 176,786 | 4,103,203 | |
Nelnet, Inc. Class A | 20,548 | 1,661,922 | |
Nicholas Financial, Inc. (a) | 1,682 | 19,478 | |
OneMain Holdings, Inc. | 104,332 | 6,033,520 | |
Oportun Financial Corp. (a) | 18,137 | 457,959 | |
PRA Group, Inc. (a) | 44,689 | 1,876,938 | |
PROG Holdings, Inc. | 65,826 | 3,114,886 | |
Regional Management Corp. | 9,574 | 568,983 | |
Santander Consumer U.S.A. Holdings, Inc. | 68,671 | 2,865,641 | |
SLM Corp. | 317,270 | 5,948,813 | |
Synchrony Financial | 531,390 | 26,436,653 | |
Upstart Holdings, Inc. | 16,571 | 3,796,748 | |
World Acceptance Corp. (a) | 3,805 | 722,455 | |
316,303,235 | |||
Diversified Financial Services - 1.2% | |||
A-Mark Precious Metals, Inc. | 8,060 | 390,991 | |
Alerus Financial Corp. | 13,908 | 415,293 | |
Berkshire Hathaway, Inc. Class B (a) | 1,860,354 | 531,633,363 | |
Cannae Holdings, Inc. (a) | 83,912 | 2,678,471 | |
Equitable Holdings, Inc. | 380,344 | 11,794,467 | |
FlexShopper, Inc. (a) | 13,495 | 39,136 | |
LM Funding America, Inc. (a)(b) | 6,573 | 33,851 | |
Marlin Business Services Corp. | 11,355 | 252,649 | |
SWK Holdings Corp. (a) | 12,117 | 239,917 | |
Voya Financial, Inc. | 119,008 | 7,733,140 | |
555,211,278 | |||
Insurance - 2.0% | |||
AFLAC, Inc. | 620,103 | 35,147,438 | |
Alleghany Corp. (a) | 13,641 | 9,230,728 | |
Allstate Corp. | 293,596 | 39,717,667 | |
AMBAC Financial Group, Inc. (a) | 44,091 | 621,242 | |
American Equity Investment Life Holding Co. | 83,684 | 2,651,946 | |
American Financial Group, Inc. | 67,539 | 9,316,330 | |
American International Group, Inc. | 843,120 | 46,000,627 | |
American National Group, Inc. | 8,967 | 1,726,148 | |
Amerisafe, Inc. | 18,527 | 1,066,229 | |
Aon PLC | 221,362 | 63,499,903 | |
Arch Capital Group Ltd. (a) | 396,354 | 16,290,149 | |
Argo Group International Holdings, Ltd. (b) | 33,715 | 1,783,524 | |
Arthur J. Gallagher & Co. | 201,046 | 28,874,227 | |
Assurant, Inc. | 59,430 | 10,109,637 | |
Assured Guaranty Ltd. | 73,431 | 3,661,270 | |
Athene Holding Ltd. (a) | 122,359 | 8,194,382 | |
Atlantic American Corp. (b) | 6,710 | 26,639 | |
Axis Capital Holdings Ltd. | 78,594 | 4,021,655 | |
Brighthouse Financial, Inc. (a) | 86,028 | 4,211,931 | |
Brown & Brown, Inc. | 229,251 | 13,308,021 | |
BRP Group, Inc. (a) | 45,974 | 1,730,921 | |
Chubb Ltd. | 441,409 | 81,183,943 | |
Cincinnati Financial Corp. | 147,264 | 18,172,378 | |
Citizens, Inc. Class A (a)(b) | 41,311 | 246,627 | |
CNA Financial Corp. | 30,132 | 1,336,354 | |
CNO Financial Group, Inc. | 127,295 | 3,113,636 | |
Crawford & Co.: | |||
Class A | 16,121 | 160,726 | |
Class B | 8,760 | 82,782 | |
Donegal Group, Inc. Class A | 14,291 | 215,222 | |
eHealth, Inc. (a) | 26,171 | 1,011,509 | |
Employers Holdings, Inc. | 27,322 | 1,124,847 | |
Enstar Group Ltd. (a) | 12,899 | 2,975,412 | |
Erie Indemnity Co. Class A | 24,781 | 4,388,467 | |
Everest Re Group Ltd. | 39,312 | 10,413,749 | |
Fednat Holding Co. | 14,110 | 36,545 | |
FG Financial Group, Inc. (a) | 3,476 | 18,075 | |
Fidelity National Financial, Inc. | 283,888 | 13,862,251 | |
First American Financial Corp. | 107,918 | 7,611,457 | |
Genworth Financial, Inc. Class A (a) | 494,391 | 1,853,966 | |
Globe Life, Inc. | 93,811 | 9,012,423 | |
GoHealth, Inc. (a) | 49,516 | 240,648 | |
Goosehead Insurance (b) | 16,680 | 2,448,290 | |
Greenlight Capital Re, Ltd. (a) | 24,616 | 207,513 | |
Hallmark Financial Services, Inc. (a) | 17,730 | 66,665 | |
Hanover Insurance Group, Inc. | 34,970 | 4,941,611 | |
Hartford Financial Services Group, Inc. | 351,012 | 23,595,027 | |
HCI Group, Inc. (b) | 6,368 | 711,051 | |
Heritage Insurance Holdings, Inc. | 22,428 | 156,996 | |
Horace Mann Educators Corp. | 40,980 | 1,680,180 | |
Independence Holding Co. | 7,950 | 397,341 | |
Investors Title Co. | 1,399 | 268,412 | |
James River Group Holdings Ltd. (b) | 36,281 | 1,334,778 | |
Kemper Corp. | 60,461 | 4,147,625 | |
Kingstone Companies, Inc. | 6,183 | 44,208 | |
Kingsway Financial Services, Inc. (a) | 20,658 | 114,652 | |
Kinsale Capital Group, Inc. | 21,317 | 3,876,496 | |
Lemonade, Inc. (a)(b) | 17,415 | 1,315,529 | |
Lincoln National Corp. | 175,717 | 12,062,972 | |
Loews Corp. | 220,399 | 12,313,692 | |
Maiden Holdings Ltd. (a) | 62,852 | 196,727 | |
Markel Corp. (a) | 13,539 | 17,197,915 | |
Marsh & McLennan Companies, Inc. | 498,764 | 78,405,701 | |
MBIA, Inc. (a)(b) | 46,333 | 518,466 | |
Mercury General Corp. | 26,103 | 1,558,610 | |
MetLife, Inc. | 730,254 | 45,275,748 | |
MetroMile, Inc. (a)(b) | 68,620 | 274,480 | |
Midwest Holding, Inc. (b) | 853 | 31,979 | |
National Western Life Group, Inc. | 2,174 | 481,889 | |
NI Holdings, Inc. (a) | 6,998 | 136,601 | |
Old Republic International Corp. | 276,514 | 7,189,364 | |
Oscar Health, Inc. (a) | 38,553 | 601,041 | |
Oxbridge Re Holdings Ltd. (a) | 2,611 | 8,381 | |
Palomar Holdings, Inc. (a) | 21,885 | 1,965,273 | |
Primerica, Inc. | 39,217 | 5,997,848 | |
Principal Financial Group, Inc. | 248,883 | 16,627,873 | |
ProAssurance Corp. | 51,810 | 1,321,155 | |
Progressive Corp. | 574,225 | 55,320,837 | |
Prudential Financial, Inc. | 386,929 | 40,968,043 | |
Reinsurance Group of America, Inc. | 66,943 | 7,753,338 | |
Reliance Global Group, Inc. (a)(b) | 7,434 | 20,964 | |
RenaissanceRe Holdings Ltd. | 48,908 | 7,665,351 | |
RLI Corp. | 39,400 | 4,303,662 | |
Root, Inc. (b) | 54,032 | 348,506 | |
Safety Insurance Group, Inc. | 14,342 | 1,166,148 | |
Selective Insurance Group, Inc. | 60,414 | 5,048,798 | |
Selectquote, Inc. (a) | 43,217 | 412,722 | |
Siriuspoint Ltd. (a) | 78,325 | 768,368 | |
State Auto Financial Corp. | 16,990 | 859,354 | |
Stewart Information Services Corp. | 26,380 | 1,660,621 | |
The Travelers Companies, Inc. | 246,965 | 39,442,780 | |
Tiptree, Inc. | 16,868 | 170,535 | |
Trean Insurance Group, Inc. (a) | 10,745 | 109,706 | |
Trupanion, Inc. (a) | 33,084 | 3,029,833 | |
United Fire Group, Inc. (b) | 20,524 | 532,803 | |
United Insurance Holdings Corp. | 20,813 | 79,298 | |
Universal Insurance Holdings, Inc. | 27,600 | 393,024 | |
Unum Group | 198,798 | 5,292,003 | |
W.R. Berkley Corp. | 138,084 | 10,399,106 | |
White Mountains Insurance Group Ltd. | 3,071 | 3,442,008 | |
Willis Towers Watson PLC | 126,485 | 27,917,769 | |
922,829,297 | |||
Mortgage Real Estate Investment Trusts - 0.2% | |||
Acres Commercial Realty Corp. | 9,778 | 164,466 | |
AG Mortgage Investment Trust, Inc. | 13,869 | 150,201 | |
AGNC Investment Corp. | 512,499 | 8,358,859 | |
Annaly Capital Management, Inc. | 1,366,586 | 11,875,632 | |
Apollo Commercial Real Estate Finance, Inc. | 125,513 | 1,951,727 | |
Arbor Realty Trust, Inc. | 124,675 | 2,279,059 | |
Ares Commercial Real Estate Corp. | 41,422 | 653,639 | |
Arlington Asset Investment Corp. (a) | 30,324 | 113,109 | |
Armour Residential REIT, Inc. | 68,943 | 748,721 | |
Blackstone Mortgage Trust, Inc. | 147,446 | 4,837,703 | |
BrightSpire Capital, Inc. | 82,419 | 825,838 | |
Broadmark Realty Capital, Inc. | 124,220 | 1,305,552 | |
Capstead Mortgage Corp. | 89,524 | 616,820 | |
Cherry Hill Mortgage Investment Corp. | 13,705 | 124,990 | |
Chimera Investment Corp. | 223,254 | 3,420,251 | |
Dynex Capital, Inc. | 29,694 | 527,365 | |
Ellington Financial LLC (b) | 42,432 | 785,841 | |
Ellington Residential Mortgage REIT | 7,020 | 80,800 | |
Granite Point Mortgage Trust, Inc. | 53,726 | 739,270 | |
Great Ajax Corp. | 21,331 | 301,407 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 78,409 | 4,733,551 | |
Invesco Mortgage Capital, Inc. | 280,460 | 875,035 | |
KKR Real Estate Finance Trust, Inc. | 26,919 | 574,182 | |
Ladder Capital Corp. Class A | 126,274 | 1,440,786 | |
Lument Finance Trust, Inc. | 15,897 | 65,337 | |
Manhattan Bridge Capital, Inc. | 5,864 | 37,412 | |
MFA Financial, Inc. | 423,054 | 2,030,659 | |
New Residential Investment Corp. | 453,465 | 4,951,838 | |
New York Mortgage Trust, Inc. | 363,793 | 1,607,965 | |
Nexpoint Real Estate Finance, Inc. | 4,481 | 96,117 | |
Orchid Island Capital, Inc. (b) | 107,529 | 539,796 | |
PennyMac Mortgage Investment Trust | 95,888 | 1,861,186 | |
Ready Capital Corp. | 56,277 | 861,601 | |
Redwood Trust, Inc. | 112,934 | 1,408,287 | |
Sachem Capital Corp. | 28,804 | 139,411 | |
Starwood Property Trust, Inc. | 282,914 | 7,299,181 | |
TPG RE Finance Trust, Inc. | 65,448 | 824,645 | |
Tremont Mortgage Trust | 5,426 | 31,688 | |
Two Harbors Investment Corp. | 301,884 | 1,992,434 | |
Western Asset Mortgage Capital Corp. | 69,658 | 193,649 | |
71,426,010 | |||
Thrifts & Mortgage Finance - 0.1% | |||
1895 Bancorp of Wisconsin, Inc. | 2,017 | 22,066 | |
Axos Financial, Inc. (a) | 50,505 | 2,448,482 | |
Bogota Financial Corp. (a) | 2,919 | 30,358 | |
Bridgewater Bancshares, Inc. (a) | 21,548 | 352,310 | |
Broadway Financial Corp. (a) | 18,026 | 66,155 | |
Capitol Federal Financial, Inc. | 124,061 | 1,431,664 | |
Carver Bancorp, Inc. (a) | 721 | 13,454 | |
Cf Bankshares, Inc. | 410 | 7,815 | |
Columbia Financial, Inc. (a) | 48,359 | 871,913 | |
ESSA Bancorp, Inc. | 7,742 | 129,446 | |
Essent Group Ltd. | 111,033 | 5,227,434 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 8,580 | 839,982 | |
FFBW, Inc. (a) | 4,260 | 48,990 | |
Finance of America Companies, Inc. (a) | 21,279 | 117,035 | |
Flagstar Bancorp, Inc. | 46,433 | 2,296,576 | |
FS Bancorp, Inc. | 7,478 | 255,523 | |
Greene County Bancorp, Inc. | 3,184 | 99,978 | |
Guaranty Federal Bancshares, Inc. | 3,713 | 90,486 | |
Guild Holdings Co. Class A | 6,801 | 98,274 | |
Hingham Institution for Savings | 1,575 | 511,088 | |
HMN Financial, Inc. (a) | 7,447 | 173,664 | |
Home Bancorp, Inc. | 7,659 | 286,600 | |
HomeStreet, Inc. | 20,626 | 842,572 | |
Impac Mortgage Holdings, Inc. (a) | 6,758 | 9,394 | |
Kearny Financial Corp. | 74,381 | 943,895 | |
loanDepot, Inc. (b) | 3,419 | 28,138 | |
Luther Burbank Corp. | 15,778 | 204,641 | |
Magyar Bancorp, Inc. (a) | 2,799 | 29,557 | |
Merchants Bancorp | 15,807 | 579,643 | |
Meridian Bancorp, Inc. Maryland | 51,275 | 1,065,495 | |
Meta Financial Group, Inc. | 31,148 | 1,532,170 | |
MGIC Investment Corp. | 339,070 | 5,177,599 | |
Mr. Cooper Group, Inc. (a) | 68,088 | 2,647,261 | |
New York Community Bancorp, Inc. | 454,141 | 5,685,845 | |
NMI Holdings, Inc. (a) | 88,555 | 1,998,686 | |
Northfield Bancorp, Inc. | 45,911 | 775,896 | |
Northwest Bancshares, Inc. | 125,113 | 1,628,971 | |
Ocwen Financial Corp. (a) | 7,290 | 206,307 | |
OP Bancorp | 10,936 | 110,126 | |
PCSB Financial Corp. | 14,472 | 263,825 | |
PDL Community Bancorp (a) | 6,281 | 86,113 | |
PennyMac Financial Services, Inc. | 37,335 | 2,484,644 | |
Pioneer Bancorp, Inc. (a) | 8,267 | 101,601 | |
Premier Financial Corp. | 36,965 | 1,123,736 | |
Provident Bancorp, Inc. | 17,089 | 277,354 | |
Provident Financial Holdings, Inc. | 5,876 | 102,242 | |
Provident Financial Services, Inc. | 80,786 | 1,782,947 | |
Prudential Bancorp, Inc. | 6,181 | 91,479 | |
Radian Group, Inc. | 192,555 | 4,550,075 | |
Randolph Bancorp, Inc. (a) | 4,697 | 94,457 | |
Riverview Bancorp, Inc. | 19,047 | 139,805 | |
Rocket Companies, Inc. (b) | 133,494 | 2,316,121 | |
Security National Financial Corp. Class A | 14,164 | 130,309 | |
Severn Bancorp, Inc. | 11,661 | 145,179 | |
Southern Missouri Bancorp, Inc. | 7,287 | 328,789 | |
Sterling Bancorp, Inc. (a) | 13,300 | 70,623 | |
Territorial Bancorp, Inc. | 8,059 | 203,812 | |
TFS Financial Corp. | 47,485 | 949,225 | |
Timberland Bancorp, Inc. | 7,631 | 221,604 | |
Trustco Bank Corp., New York | 19,822 | 636,088 | |
UWM Holdings Corp. Class A (b) | 53,776 | 395,254 | |
Velocity Financial, Inc. (a) | 9,206 | 118,481 | |
Walker & Dunlop, Inc. | 29,880 | 3,318,174 | |
Washington Federal, Inc. | 70,730 | 2,355,309 | |
Waterstone Financial, Inc. | 22,596 | 458,247 | |
Western New England Bancorp, Inc. | 23,468 | 201,355 | |
William Penn Bancorp, Inc. | 11,475 | 137,700 | |
WSFS Financial Corp. | 46,505 | 2,111,792 | |
64,081,829 | |||
TOTAL FINANCIALS | 5,310,663,923 | ||
HEALTH CARE - 13.5% | |||
Biotechnology - 2.6% | |||
180 Life Sciences Corp. (a)(b) | 14,647 | 86,271 | |
4D Molecular Therapeutics, Inc. | 8,364 | 255,520 | |
89Bio, Inc. (a)(b) | 8,522 | 157,742 | |
AbbVie, Inc. | 1,734,378 | 209,478,175 | |
Abeona Therapeutics, Inc. (a)(b) | 59,626 | 78,706 | |
ACADIA Pharmaceuticals, Inc. (a) | 114,066 | 1,997,296 | |
Acceleron Pharma, Inc. (a) | 52,303 | 7,002,326 | |
Achieve Life Sciences, Inc. (a)(b) | 10,848 | 90,581 | |
Acorda Therapeutics, Inc. (a)(b) | 7,506 | 31,750 | |
Actinium Pharmaceuticals, Inc. (a)(b) | 22,258 | 135,329 | |
Adamas Pharmaceuticals, Inc. (a) | 37,496 | 176,606 | |
Adicet Bio, Inc. (a) | 11,978 | 100,016 | |
Adicet Bio, Inc. rights (a)(c) | 1,929 | 0 | |
Aditxt, Inc. (a) | 10,229 | 19,333 | |
ADMA Biologics, Inc. (a) | 122,301 | 163,883 | |
Advaxis, Inc. (a) | 98,040 | 46,010 | |
Adverum Biotechnologies, Inc. (a) | 83,898 | 203,872 | |
Aeglea BioTherapeutics, Inc. (a) | 36,693 | 266,024 | |
Aevi Genomic Medicine, Inc. rights (a)(c) | 12,284 | 413 | |
Agenus, Inc. (a)(b) | 178,011 | 1,098,328 | |
AgeX Therapeutics, Inc. (a)(b) | 10,213 | 10,519 | |
Agios Pharmaceuticals, Inc. (a) | 50,882 | 2,273,408 | |
Aikido Pharma, Inc. (a) | 82,272 | 67,874 | |
Aileron Therapeutics, Inc. (a) | 69,639 | 80,085 | |
AIM ImmunoTech, Inc. (a) | 39,596 | 81,568 | |
Akebia Therapeutics, Inc. (a)(b) | 155,108 | 456,018 | |
Akero Therapeutics, Inc. (a)(b) | 16,193 | 384,422 | |
Akouos, Inc. (a)(b) | 14,236 | 169,266 | |
Albireo Pharma, Inc. (a) | 18,313 | 559,462 | |
Aldeyra Therapeutics, Inc. (a) | 56,376 | 535,008 | |
Alector, Inc. (a) | 52,090 | 1,407,993 | |
Aligos Therapeutics, Inc. (b) | 10,211 | 174,098 | |
Alkermes PLC (a) | 158,860 | 4,965,964 | |
Allakos, Inc. (a) | 31,206 | 2,782,327 | |
Allena Pharmaceuticals, Inc. (a)(b) | 52,533 | 53,584 | |
Allogene Therapeutics, Inc. (a) | 64,932 | 1,548,628 | |
Allovir, Inc. (a) | 15,951 | 307,057 | |
Alnylam Pharmaceuticals, Inc. (a) | 115,599 | 23,285,107 | |
Alpine Immune Sciences, Inc. (a)(b) | 10,229 | 97,278 | |
Altimmune, Inc. (a)(b) | 28,726 | 430,603 | |
ALX Oncology Holdings, Inc. (a) | 11,385 | 796,950 | |
Amgen, Inc. | 564,227 | 127,250,115 | |
Amicus Therapeutics, Inc. (a) | 265,466 | 3,023,658 | |
AnaptysBio, Inc. (a)(b) | 21,444 | 549,181 | |
Anavex Life Sciences Corp. (a)(b) | 68,319 | 1,331,537 | |
Anika Therapeutics, Inc. (a) | 13,782 | 594,418 | |
Anixa Biosciences, Inc. (a) | 26,893 | 150,601 | |
Annexon, Inc. (a) | 14,830 | 242,471 | |
Annovis Bio, Inc. (a)(b) | 4,577 | 172,736 | |
Apellis Pharmaceuticals, Inc. (a) | 57,352 | 3,776,629 | |
Applied Genetic Technologies Corp. (a)(b) | 34,666 | 123,064 | |
Applied Molecular Transport, Inc. (a) | 17,188 | 516,843 | |
Applied Therapeutics, Inc. (a) | 16,004 | 251,423 | |
Aprea Therapeutics, Inc. (a)(b) | 9,373 | 43,303 | |
Aptevo Therapeutics, Inc. (a) | 4,235 | 76,018 | |
Aptinyx, Inc. (a)(b) | 35,916 | 93,382 | |
AquaBounty Technologies, Inc. (a) | 53,966 | 249,863 | |
Aravive, Inc. (a) | 13,565 | 58,601 | |
Arbutus Biopharma Corp. (a)(b) | 68,418 | 234,674 | |
ARCA Biopharma, Inc. (a) | 12,631 | 39,030 | |
Arcturus Therapeutics Holdings, Inc. (a)(b) | 20,081 | 1,100,640 | |
Arcus Biosciences, Inc. (a) | 43,785 | 1,277,208 | |
Arcutis Biotherapeutics, Inc. (a) | 28,950 | 612,872 | |
Ardelyx, Inc. (a)(b) | 74,118 | 104,506 | |
Arena Pharmaceuticals, Inc. (a) | 60,742 | 3,214,467 | |
Aridis Pharmaceuticals, Inc. (a)(b) | 5,647 | 22,701 | |
Armata Pharmaceuticals, Inc. (a) | 4,981 | 17,981 | |
Arrowhead Pharmaceuticals, Inc. (a) | 102,938 | 6,909,199 | |
Assembly Biosciences, Inc. (a) | 36,397 | 138,309 | |
Atara Biotherapeutics, Inc. (a) | 83,237 | 1,246,890 | |
Athenex, Inc. (a)(b) | 70,744 | 258,216 | |
Athersys, Inc. (a)(b) | 184,585 | 310,103 | |
Atossa Therapeutics, Inc. (a)(b) | 119,015 | 452,257 | |
Atreca, Inc. (a)(b) | 26,937 | 158,120 | |
aTyr Pharma, Inc. (a) | 14,256 | 78,622 | |
AVEO Pharmaceuticals, Inc. (a) | 27,740 | 177,813 | |
Avid Bioservices, Inc. (a) | 55,151 | 1,336,860 | |
Avidity Biosciences, Inc. (a)(b) | 16,269 | 371,584 | |
Avita Medical, Inc. (a) | 24,870 | 502,623 | |
AVROBIO, Inc. (a) | 33,403 | 222,464 | |
Axcella Health, Inc. (a) | 14,609 | 53,323 | |
AzurRx BioPharma, Inc. (a)(b) | 67,337 | 42,355 | |
Beam Therapeutics, Inc. (a) | 28,772 | 3,191,390 | |
Bellicum Pharmaceuticals, Inc. (a)(b) | 5,837 | 17,686 | |
Benitec Biopharma, Inc. (a) | 5,555 | 21,998 | |
Bio Path Holdings, Inc. (a)(b) | 9,683 | 54,999 | |
BioAtla, Inc. | 10,722 | 440,567 | |
BioCardia, Inc. (a) | 10,166 | 29,990 | |
Biocept, Inc. (a)(b) | 12,210 | 44,200 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 174,897 | 2,784,360 | |
Biogen, Inc. (a) | 147,833 | 50,102,082 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 54,721 | 7,181,584 | |
BioMarin Pharmaceutical, Inc. (a) | 179,917 | 15,150,811 | |
Biomea Fusion, Inc. (a) | 8,352 | 116,510 | |
BioVie, Inc. (b) | 2,264 | 18,067 | |
BioXcel Therapeutics, Inc. (a)(b) | 14,077 | 414,568 | |
Black Diamond Therapeutics, Inc. (a)(b) | 14,617 | 147,632 | |
bluebird bio, Inc. (a)(b) | 65,665 | 1,201,670 | |
Blueprint Medicines Corp. (a) | 57,657 | 5,377,668 | |
Bolt Biotherapeutics, Inc. | 11,443 | 203,228 | |
BrainStorm Cell Therpeutic, Inc. (a) | 26,335 | 91,382 | |
Brickell Biotech, Inc. (a) | 68,718 | 50,748 | |
BridgeBio Pharma, Inc. (a)(b) | 95,812 | 4,801,139 | |
Brooklyn ImmunoTherapeutics, Inc. (a)(b) | 20,315 | 245,202 | |
C4 Therapeutics, Inc. | 13,816 | 554,436 | |
Cabaletta Bio, Inc. (a)(b) | 11,744 | 119,554 | |
Calithera Biosciences, Inc. (a) | 64,387 | 157,748 | |
Calyxt, Inc. (a) | 14,195 | 55,786 | |
Capricor Therapeutics, Inc. (a) | 19,939 | 99,894 | |
Cardiff Oncology, Inc. (a) | 25,016 | 183,367 | |
CareDx, Inc. (a) | 51,451 | 3,770,329 | |
CASI Pharmaceuticals, Inc. (a) | 75,984 | 121,574 | |
Catabasis Pharmaceuticals, Inc. (a) | 2,530 | 25,224 | |
Catalyst Biosciences, Inc. (a) | 34,507 | 158,042 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 94,219 | 519,147 | |
Cel-Sci Corp. (a) | 40,085 | 464,184 | |
Celcuity, Inc. (a) | 6,990 | 153,780 | |
Celldex Therapeutics, Inc. (a) | 44,526 | 2,344,294 | |
Cellectar Biosciences, Inc. (a)(b) | 47,983 | 48,943 | |
Celsion Corp. (a) | 77,870 | 82,542 | |
Cerevel Therapeutics Holdings (a) | 50,462 | 1,597,627 | |
Checkmate Pharmaceuticals, Inc. | 2,926 | 17,878 | |
Checkpoint Therapeutics, Inc. (a) | 55,019 | 177,161 | |
ChemoCentryx, Inc. (a) | 48,614 | 768,587 | |
Chimerix, Inc. (a) | 69,476 | 493,280 | |
Chinook Therapeutics, Inc. (a) | 37,636 | 510,344 | |
Chinook Therapeutics, Inc. rights (a)(c) | 8,006 | 400 | |
Cidara Therapeutics, Inc. (a) | 51,928 | 119,434 | |
Clene, Inc. (a) | 20,291 | 162,328 | |
Clovis Oncology, Inc. (a)(b) | 101,493 | 489,196 | |
Codiak Biosciences, Inc. (b) | 8,492 | 146,062 | |
Cogent Biosciences, Inc. (a)(b) | 32,823 | 271,774 | |
Cogent Biosciences, Inc. rights (a)(c) | 4,804 | 0 | |
CohBar, Inc. (a)(b) | 36,799 | 47,471 | |
Coherus BioSciences, Inc. (a)(b) | 64,688 | 1,033,714 | |
Concert Pharmaceuticals, Inc. (a) | 23,690 | 89,785 | |
ContraFect Corp. (a) | 37,934 | 137,700 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 109,958 | 141,846 | |
Cortexyme, Inc. (a)(b) | 13,040 | 1,255,752 | |
Corvus Pharmaceuticals, Inc. (a)(b) | 23,838 | 53,874 | |
Crinetics Pharmaceuticals, Inc. (a) | 24,117 | 568,438 | |
CTI BioPharma Corp. (a)(b) | 64,520 | 194,850 | |
Cue Biopharma, Inc. (a) | 27,694 | 332,051 | |
Cullinan Oncology, Inc. | 13,455 | 379,700 | |
Curis, Inc. (a) | 79,511 | 703,672 | |
Cyclacel Pharmaceuticals, Inc. (a) | 8,512 | 46,305 | |
Cyclerion Therapeutics, Inc. (a)(b) | 35,249 | 120,552 | |
Cyclo Therapeutics, Inc. (a) | 4,492 | 34,543 | |
Cytocom, Inc. (a) | 8,699 | 27,576 | |
Cytokinetics, Inc. (a) | 79,761 | 2,629,720 | |
CytomX Therapeutics, Inc. (a) | 63,328 | 324,239 | |
Decibel Therapeutics, Inc. | 6,507 | 52,511 | |
Deciphera Pharmaceuticals, Inc. (a) | 40,275 | 1,268,663 | |
Denali Therapeutics, Inc. (a) | 80,091 | 4,260,841 | |
DermTech, Inc. (a)(b) | 23,770 | 884,244 | |
Design Therapeutics, Inc. (a)(b) | 13,566 | 213,258 | |
DiaMedica Therapeutics, Inc. (a) | 15,883 | 68,297 | |
Dicerna Pharmaceuticals, Inc. (a) | 65,372 | 1,345,356 | |
Diffusion Pharmaceuticals, Inc. (a) | 82,947 | 48,947 | |
Dyadic International, Inc. (a)(b) | 15,307 | 96,740 | |
Dynavax Technologies Corp. (a)(b) | 100,337 | 1,952,558 | |
Dyne Therapeutics, Inc. | 17,204 | 291,264 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 11,170 | 596,143 | |
Edesa Biotech, Inc. (a) | 10,140 | 59,522 | |
Editas Medicine, Inc. (a)(b) | 66,375 | 4,220,786 | |
Eiger Biopharmaceuticals, Inc. (a) | 31,582 | 257,077 | |
Eledon Pharmaceuticals, Inc. (a) | 14,736 | 122,604 | |
Emergent BioSolutions, Inc. (a) | 44,495 | 2,806,745 | |
Enanta Pharmaceuticals, Inc. (a) | 17,132 | 979,950 | |
Enochian Biosciences, Inc. (a)(b) | 13,988 | 103,231 | |
Entasis Therapeutics Holdings, Inc. (a) | 6,381 | 17,803 | |
Epizyme, Inc. (a) | 89,899 | 463,879 | |
Equillium, Inc. (a)(b) | 16,678 | 102,570 | |
Evelo Biosciences, Inc. (a)(b) | 25,337 | 288,082 | |
Exact Sciences Corp. (a) | 168,645 | 17,603,165 | |
Exelixis, Inc. (a) | 309,475 | 5,932,636 | |
Exicure, Inc. (a) | 62,165 | 87,031 | |
F-star Therapeutics, Inc. (a) | 17,245 | 136,580 | |
F-star Therapeutics, Inc.: | |||
rights (a)(c) | 1,555 | 0 | |
rights (a)(c) | 1,555 | 0 | |
Fate Therapeutics, Inc. (a) | 78,254 | 5,732,106 | |
FibroGen, Inc. (a) | 85,465 | 993,958 | |
Finch Therapeutics Group, Inc. (a)(b) | 7,011 | 99,206 | |
Flexion Therapeutics, Inc. (a)(b) | 48,009 | 287,094 | |
Foghorn Therapeutics, Inc. | 8,232 | 106,851 | |
Forma Therapeutics Holdings, Inc. (a) | 21,338 | 512,752 | |
Forte Biosciences, Inc. (a)(b) | 10,770 | 316,853 | |
Fortress Biotech, Inc. (a) | 69,908 | 229,997 | |
Frequency Therapeutics, Inc. (a)(b) | 30,856 | 238,208 | |
G1 Therapeutics, Inc. (a)(b) | 30,776 | 465,333 | |
Galectin Therapeutics, Inc. (a)(b) | 44,525 | 174,983 | |
Galecto, Inc. | 4,448 | 19,794 | |
Galera Therapeutics, Inc. (a) | 7,383 | 66,152 | |
Gemini Therapeutics, Inc. | 29,602 | 145,642 | |
Generation Bio Co. (a) | 21,211 | 530,275 | |
Genocea Biosciences, Inc. (a)(b) | 12,239 | 21,541 | |
Genprex, Inc. (a)(b) | 37,346 | 117,640 | |
GeoVax Labs, Inc. (a) | 5,820 | 35,444 | |
Geron Corp. (a) | 290,705 | 421,522 | |
Gilead Sciences, Inc. | 1,231,896 | 89,657,391 | |
Global Blood Therapeutics, Inc. (a) | 60,926 | 1,747,967 | |
GlycoMimetics, Inc. (a) | 37,261 | 82,719 | |
Gossamer Bio, Inc. (a)(b) | 45,392 | 451,196 | |
Greenwich Lifesciences, Inc. | 1,995 | 79,840 | |
Gritstone Bio, Inc. (a)(b) | 18,536 | 170,531 | |
Gt Biopharma, Inc. (a) | 17,930 | 159,398 | |
Halozyme Therapeutics, Inc. (a) | 132,176 | 5,550,070 | |
Harpoon Therapeutics, Inc. (a) | 21,292 | 201,848 | |
Heat Biologics, Inc. (a)(b) | 26,215 | 189,534 | |
Heron Therapeutics, Inc. (a)(b) | 89,284 | 1,041,944 | |
Histogen, Inc. (a)(b) | 12,240 | 9,673 | |
Homology Medicines, Inc. (a) | 47,190 | 339,296 | |
Hookipa Pharma, Inc. (a)(b) | 20,079 | 138,344 | |
Horizon Therapeutics PLC (a) | 221,019 | 23,889,944 | |
Humanigen, Inc. (a)(b) | 46,435 | 769,892 | |
iBio, Inc. (a) | 216,421 | 274,855 | |
Ideaya Biosciences, Inc. (a)(b) | 17,861 | 419,734 | |
Idera Pharmaceuticals, Inc. (a)(b) | 39,299 | 42,836 | |
IGM Biosciences, Inc. (a) | 6,958 | 495,479 | |
Immucell Corp. (a) | 7,193 | 65,888 | |
Immunic, Inc. (a) | 14,334 | 141,190 | |
ImmunityBio, Inc. (a)(b) | 73,468 | 836,066 | |
ImmunoGen, Inc. (a) | 196,056 | 1,186,139 | |
Immunome, Inc. | 4,067 | 57,060 | |
Immunovant, Inc. (a) | 49,867 | 431,848 | |
Impel Neuropharma, Inc. (a)(b) | 5,616 | 106,648 | |
Incyte Corp. (a) | 184,156 | 14,086,092 | |
Infinity Pharmaceuticals, Inc. (a)(b) | 86,639 | 306,702 | |
Inhibrx, Inc. (a) | 7,232 | 206,257 | |
Inmune Bio, Inc. (a) | 7,798 | 184,969 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 203,394 | 1,757,324 | |
Inozyme Pharma, Inc. (a) | 7,168 | 110,531 | |
Insmed, Inc. (a) | 113,014 | 3,168,913 | |
Instil Bio, Inc. (a)(b) | 17,972 | 338,772 | |
Intellia Therapeutics, Inc. (a) | 65,326 | 10,486,783 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 26,953 | 401,869 | |
Invitae Corp. (a)(b) | 177,964 | 5,273,073 | |
Ionis Pharmaceuticals, Inc. (a) | 139,415 | 5,543,140 | |
Iovance Biotherapeutics, Inc. (a) | 140,218 | 3,375,047 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(b) | 157,396 | 2,061,888 | |
IsoRay, Inc. (a) | 145,306 | 92,996 | |
iTeos Therapeutics, Inc. (a) | 11,224 | 318,200 | |
Iveric Bio, Inc. (a) | 84,381 | 891,907 | |
Jounce Therapeutics, Inc. (a) | 30,007 | 186,644 | |
Kadmon Holdings, Inc. (a) | 164,310 | 900,419 | |
Kalvista Pharmaceuticals, Inc. (a) | 18,381 | 375,708 | |
Karuna Therapeutics, Inc. (a) | 18,307 | 2,176,702 | |
Karyopharm Therapeutics, Inc. (a)(b) | 67,747 | 392,933 | |
Keros Therapeutics, Inc. (a) | 8,886 | 298,925 | |
Kezar Life Sciences, Inc. (a) | 35,306 | 269,032 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 24,077 | 302,889 | |
Kinnate Biopharma, Inc. | 11,928 | 263,847 | |
Kintara Therapeutics, Inc. (a) | 34,112 | 51,850 | |
Kodiak Sciences, Inc. (a) | 31,008 | 2,920,333 | |
Kronos Bio, Inc. (b) | 12,596 | 263,382 | |
Krystal Biotech, Inc. (a) | 17,087 | 990,021 | |
Kura Oncology, Inc. (a) | 64,681 | 1,194,011 | |
Kymera Therapeutics, Inc. (a) | 13,688 | 850,572 | |
La Jolla Pharmaceutical Co. (a)(b) | 15,615 | 65,739 | |
Lantern Pharma, Inc. (a) | 7,003 | 98,672 | |
Larimar Therapeutics, Inc. (a)(b) | 12,755 | 183,544 | |
Leap Therapeutics, Inc. (a) | 35,441 | 60,959 | |
Lexicon Pharmaceuticals, Inc. (a) | 65,700 | 310,104 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,585 | 2,194,196 | |
Lineage Cell Therapeutics, Inc. (a)(b) | 158,333 | 398,999 | |
LogicBio Therapeutics, Inc. (a) | 14,173 | 67,180 | |
Longeveron, Inc. (a)(b) | 1,742 | 6,062 | |
Lumos Pharma, Inc. (a) | 1,359 | 14,745 | |
Macrogenics, Inc. (a) | 58,572 | 1,382,885 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 9,455 | 782,401 | |
Magenta Therapeutics, Inc. (a) | 25,845 | 165,408 | |
MannKind Corp. (a)(b) | 241,056 | 1,157,069 | |
Marker Therapeutics, Inc. (a) | 56,046 | 110,971 | |
Matinas BioPharma Holdings, Inc. (a) | 156,814 | 125,608 | |
MediciNova, Inc. (a)(b) | 40,673 | 159,031 | |
MEI Pharma, Inc. (a) | 88,557 | 247,960 | |
Merrimack Pharmaceuticals, Inc. (a)(b) | 14,294 | 71,756 | |
Mersana Therapeutics, Inc. (a) | 54,737 | 762,486 | |
Metacrine, Inc. | 3,004 | 9,613 | |
MiMedx Group, Inc. (a)(b) | 95,651 | 1,411,809 | |
Minerva Neurosciences, Inc. (a) | 26,227 | 48,258 | |
Mirati Therapeutics, Inc. (a) | 45,637 | 7,745,968 | |
Mirum Pharmaceuticals, Inc. (a) | 14,989 | 243,571 | |
Moderna, Inc. (a) | 299,627 | 112,866,495 | |
Molecular Templates, Inc. (a) | 39,029 | 254,469 | |
Moleculin Biotech, Inc. (a) | 33,890 | 104,381 | |
Monopar Therapeutics, Inc. (a)(b) | 1,919 | 9,921 | |
Morphic Holding, Inc. (a) | 14,433 | 909,423 | |
Mustang Bio, Inc. (a) | 73,638 | 223,860 | |
Myovant Sciences Ltd. (a)(b) | 39,341 | 957,560 | |
Myriad Genetics, Inc. (a) | 75,116 | 2,687,650 | |
NanoViricides, Inc. (a)(b) | 7,195 | 27,845 | |
Natera, Inc. (a) | 82,992 | 9,828,743 | |
Navidea Biopharmaceuticals, Inc. (a) | 17,813 | 29,213 | |
Neoleukin Therapeutics, Inc. (a) | 32,061 | 261,297 | |
Neubase Therapeutics, Inc. (a) | 28,508 | 113,747 | |
Neurobo Pharmaceuticals, Inc. (a)(b) | 3,685 | 15,256 | |
Neurobo Pharmaceuticals, Inc. rights (a)(c) | 159 | 0 | |
Neurocrine Biosciences, Inc. (a) | 93,219 | 8,874,449 | |
Neximmune, Inc. | 6,586 | 92,731 | |
NextCure, Inc. (a) | 14,443 | 110,056 | |
Nkarta, Inc. (a) | 15,884 | 513,689 | |
Novavax, Inc. (a) | 67,249 | 16,041,576 | |
Nurix Therapeutics, Inc. (a) | 13,522 | 435,273 | |
Ocugen, Inc. (a)(b) | 196,507 | 1,491,488 | |
Olema Pharmaceuticals, Inc. (b) | 10,787 | 322,747 | |
OncoCyte Corp. (a) | 79,873 | 327,479 | |
Oncorus, Inc. (a) | 8,810 | 91,007 | |
OncoSec Medical, Inc. (a) | 22,064 | 51,630 | |
Oncternal Therapeutics, Inc. (a) | 40,814 | 184,479 | |
Oncternal Therapeutics, Inc. rights (a)(c) | 780 | 0 | |
OpGen, Inc. (a)(b) | 45,181 | 144,579 | |
Opko Health, Inc. (a)(b) | 430,786 | 1,662,834 | |
Oragenics, Inc. (a) | 102,900 | 73,975 | |
Organogenesis Holdings, Inc. Class A (a) | 48,587 | 828,894 | |
Organovo Holdings, Inc. (a)(b) | 6,277 | 48,082 | |
Orgenesis, Inc. (a)(b) | 20,758 | 111,055 | |
ORIC Pharmaceuticals, Inc. (a) | 13,446 | 297,022 | |
Outlook Therapeutics, Inc. (a) | 86,570 | 238,933 | |
Ovid Therapeutics, Inc. (a) | 44,541 | 157,230 | |
Oyster Point Pharma, Inc. (a)(b) | 11,831 | 155,933 | |
Palatin Technologies, Inc. (a)(b) | 172,465 | 82,783 | |
Passage Bio, Inc. (a) | 25,626 | 308,025 | |
PDL BioPharma, Inc. (a)(c) | 91,243 | 225,370 | |
PDS Biotechnology Corp. (a) | 19,481 | 302,930 | |
PhaseBio Pharmaceuticals, Inc. (a)(b) | 29,593 | 95,881 | |
Phio Pharmaceuticals Corp. (a) | 5,556 | 11,556 | |
Pieris Pharmaceuticals, Inc. (a)(b) | 61,257 | 330,175 | |
Plus Therapeutics, Inc. (a) | 18,668 | 36,403 | |
PMV Pharmaceuticals, Inc. | 11,629 | 352,940 | |
Polarityte, Inc. (a)(b) | 64,648 | 45,629 | |
Poseida Therapeutics, Inc. (a) | 13,931 | 120,364 | |
Praxis Precision Medicines, Inc. | 14,747 | 293,023 | |
Precigen, Inc. (a)(b) | 90,711 | 548,802 | |
Precision BioSciences, Inc. (a) | 45,210 | 568,290 | |
Prelude Therapeutics, Inc. (b) | 11,142 | 397,658 | |
Prometheus Biosciences, Inc. (a)(b) | 11,046 | 241,024 | |
Protagenic Therapeutics, Inc. (a)(b) | 13,156 | 27,759 | |
Protagonist Therapeutics, Inc. (a) | 39,465 | 1,914,053 | |
Protara Therapeutics, Inc. (a) | 8,304 | 69,671 | |
Prothena Corp. PLC (a) | 27,651 | 1,855,935 | |
PTC Therapeutics, Inc. (a) | 68,731 | 3,000,108 | |
Puma Biotechnology, Inc. (a) | 33,487 | 253,497 | |
Qualigen Therapeutics, Inc. (a)(b) | 18,367 | 28,836 | |
Radius Health, Inc. (a) | 45,999 | 637,546 | |
RAPT Therapeutics, Inc. (a) | 9,920 | 324,384 | |
Recro Pharma, Inc. (a) | 34,750 | 84,443 | |
Recursion Pharmaceuticals, Inc. (a) | 25,611 | 645,909 | |
Regeneron Pharmaceuticals, Inc. (a) | 102,839 | 69,251,783 | |
REGENXBIO, Inc. (a) | 33,693 | 1,088,284 | |
Regulus Therapeutics, Inc. (a)(b) | 71,542 | 55,474 | |
Relay Therapeutics, Inc. (a) | 20,070 | 642,842 | |
Reneo Pharmaceuticals, Inc. (a) | 5,169 | 57,221 | |
Repligen Corp. (a) | 50,190 | 14,202,766 | |
Replimune Group, Inc. (a) | 25,246 | 801,813 | |
Revolution Medicines, Inc. (a)(b) | 46,475 | 1,351,958 | |
Rhythm Pharmaceuticals, Inc. (a) | 35,749 | 465,094 | |
Rigel Pharmaceuticals, Inc. (a)(b) | 169,013 | 642,249 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 43,144 | 1,475,956 | |
Rubius Therapeutics, Inc. (a)(b) | 42,772 | 929,008 | |
Sage Therapeutics, Inc. (a) | 50,881 | 2,351,211 | |
Salarius Pharmaceuticals, Inc. (a)(b) | 38,687 | 40,234 | |
Salarius Pharmaceuticals, Inc. warrants 1/20/25 (a) | 2,725 | 20 | |
Sana Biotechnology, Inc. (b) | 24,882 | 596,919 | |
Sangamo Therapeutics, Inc. (a)(b) | 116,911 | 1,158,588 | |
Sarepta Therapeutics, Inc. (a) | 78,667 | 6,145,466 | |
Savara, Inc. (a) | 90,762 | 140,681 | |
Scholar Rock Holding Corp. (a)(b) | 21,792 | 861,438 | |
Seagen, Inc. (a) | 125,041 | 20,956,872 | |
Selecta Biosciences, Inc. (a) | 93,647 | 406,428 | |
Sellas Life Sciences Group, Inc. (a) | 14,436 | 134,110 | |
Sensei Biotherapeutics, Inc. | 8,940 | 96,373 | |
Seres Therapeutics, Inc. (a) | 55,090 | 353,127 | |
Sesen Bio, Inc. (a) | 169,646 | 160,807 | |
Shattuck Labs, Inc. | 11,760 | 248,489 | |
Sigilon Therapeutics, Inc. | 7,155 | 42,501 | |
Silverback Therapeutics, Inc. (b) | 11,705 | 257,510 | |
Sio Gene Therapies, Inc. (a) | 34,698 | 74,948 | |
Soleno Therapeutics, Inc. (a)(b) | 39,023 | 35,679 | |
Solid Biosciences, Inc. (a) | 57,120 | 154,795 | |
Soligenix, Inc. (a)(b) | 28,666 | 30,099 | |
Sorrento Therapeutics, Inc. (a)(b) | 236,022 | 2,124,198 | |
Spectrum Pharmaceuticals, Inc. (a) | 152,839 | 359,172 | |
Spero Therapeutics, Inc. (a)(b) | 26,979 | 519,346 | |
Springworks Therapeutics, Inc. (a)(b) | 27,451 | 2,061,570 | |
Spruce Biosciences, Inc. (b) | 6,682 | 51,251 | |
SQZ Biotechnologies Co. (b) | 7,408 | 98,526 | |
Stoke Therapeutics, Inc. (a) | 18,948 | 496,059 | |
Surface Oncology, Inc. (a)(b) | 20,452 | 129,461 | |
Sutro Biopharma, Inc. (a) | 33,819 | 734,549 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 35,060 | 613,199 | |
Synlogic, Inc. (a) | 31,209 | 83,640 | |
Synthetic Biologics, Inc. (a)(b) | 110,851 | 53,175 | |
Syros Pharmaceuticals, Inc. (a) | 54,880 | 290,864 | |
T2 Biosystems, Inc. (a)(b) | 141,446 | 132,181 | |
Talaris Therapeutics, Inc. (a) | 8,240 | 95,666 | |
Taysha Gene Therapies, Inc. (b) | 8,793 | 174,805 | |
TCR2 Therapeutics, Inc. (a) | 25,169 | 422,084 | |
Tempest Therapeutics, Inc. (a) | 403 | 5,807 | |
Tenax Therapeutics, Inc. (a)(b) | 19,302 | 30,690 | |
TG Therapeutics, Inc. (a) | 113,260 | 3,065,948 | |
TONIX Pharmaceuticals Holding (a) | 305,950 | 215,970 | |
TRACON Pharmaceuticals, Inc. (a) | 12,447 | 46,552 | |
Translate Bio, Inc. (a) | 69,057 | 2,582,732 | |
Travere Therapeutics, Inc. (a) | 53,183 | 1,160,985 | |
Trevena, Inc. (a)(b) | 149,797 | 197,732 | |
Turning Point Therapeutics, Inc. (a) | 42,065 | 3,239,846 | |
Twist Bioscience Corp. (a) | 41,470 | 4,694,819 | |
Tyme Technologies, Inc. (a)(b) | 84,834 | 97,559 | |
Ultragenyx Pharmaceutical, Inc. (a) | 62,575 | 6,025,347 | |
uniQure B.V. (a) | 37,749 | 1,094,721 | |
United Therapeutics Corp. (a) | 44,321 | 9,523,696 | |
UNITY Biotechnology, Inc. (a) | 29,654 | 94,893 | |
Vaccinex, Inc. (a)(b) | 19,908 | 47,779 | |
Vanda Pharmaceuticals, Inc. (a) | 54,134 | 906,203 | |
Vaxart, Inc. (a)(b) | 119,276 | 1,067,520 | |
Vaxcyte, Inc. (a) | 17,319 | 454,277 | |
VBI Vaccines, Inc. (a) | 231,812 | 836,841 | |
Vera Therapeutics, Inc. (a) | 3,615 | 53,285 | |
Veracyte, Inc. (a) | 66,254 | 3,187,480 | |
Verastem, Inc. (a) | 151,221 | 400,736 | |
Vericel Corp. (a) | 46,013 | 2,492,524 | |
Vertex Pharmaceuticals, Inc. (a) | 254,257 | 50,925,135 | |
Viking Therapeutics, Inc. (a)(b) | 70,526 | 466,177 | |
Vincerx Pharma, Inc. (a) | 11,247 | 176,353 | |
Vir Biotechnology, Inc. (a) | 65,416 | 3,371,541 | |
Viracta Therapeutics, Inc. (a)(b) | 16,946 | 156,242 | |
Viridian Therapeutics, Inc. (a) | 6,329 | 84,682 | |
Viridian Therapeutics, Inc. rights (a)(c) | 33,262 | 0 | |
Virios Therapeutics, Inc. (a) | 1,930 | 9,766 | |
VistaGen Therapeutics, Inc. (a) | 174,039 | 529,079 | |
Vor Biopharma, Inc. (a)(b) | 9,497 | 139,511 | |
Voyager Therapeutics, Inc. (a) | 20,589 | 67,120 | |
vTv Therapeutics, Inc. Class A (a) | 25,250 | 47,218 | |
Vyant Bio, Inc. (a) | 25,034 | 65,839 | |
Werewolf Therapeutics, Inc. (a)(b) | 7,106 | 126,487 | |
Windtree Therapeutics, Inc. (a) | 8,372 | 16,409 | |
X4 Pharmaceuticals, Inc. (a) | 17,447 | 89,503 | |
Xbiotech, Inc. | 16,399 | 261,892 | |
Xencor, Inc. (a) | 57,202 | 1,937,432 | |
Xenetic Biosciences, Inc. (a)(b) | 7,136 | 21,265 | |
XOMA Corp. (a)(b) | 10,987 | 341,915 | |
Y-mAbs Therapeutics, Inc. (a) | 26,036 | 801,388 | |
Yield10 Bioscience, Inc. (a)(b) | 5,106 | 34,670 | |
Yumanity Therapeutics, Inc. (a) | 1,222 | 13,198 | |
Yumanity Therapeutics, Inc. rights (a)(c) | 24,450 | 0 | |
Zentalis Pharmaceuticals, Inc. (a) | 17,199 | 1,172,800 | |
ZIOPHARM Oncology, Inc. (a)(b) | 209,553 | 341,571 | |
1,203,563,752 | |||
Health Care Equipment & Supplies - 3.6% | |||
Abbott Laboratories | 1,744,193 | 220,413,669 | |
Abiomed, Inc. (a) | 44,493 | 16,193,672 | |
Accelerate Diagnostics, Inc. (a)(b) | 35,257 | 220,356 | |
Accuray, Inc. (a)(b) | 90,576 | 368,644 | |
Acutus Medical, Inc. (a) | 9,860 | 126,109 | |
Aethlon Medical, Inc. (a) | 10,907 | 40,574 | |
Align Technology, Inc. (a) | 70,695 | 50,122,755 | |
Allied Healthcare Products, Inc. (a)(b) | 2,823 | 26,649 | |
Alphatec Holdings, Inc. (a) | 59,338 | 859,214 | |
Angiodynamics, Inc. (a) | 38,719 | 1,095,748 | |
Apollo Endosurgery, Inc. (a) | 14,711 | 130,192 | |
Apyx Medical Corp. (a) | 28,602 | 337,790 | |
Asensus Surgical, Inc. (a)(b) | 231,071 | 508,356 | |
Aspira Women's Health, Inc. (a)(b) | 61,724 | 235,168 | |
Atricure, Inc. (a) | 45,179 | 3,326,078 | |
Atrion Corp. (b) | 1,481 | 1,027,903 | |
Avanos Medical, Inc. (a) | 48,517 | 1,601,061 | |
Avinger, Inc. (a) | 91,748 | 82,114 | |
AxoGen, Inc. (a) | 34,426 | 587,308 | |
Axonics Modulation Technologies, Inc. (a) | 34,142 | 2,559,967 | |
Baxter International, Inc. | 495,753 | 37,786,294 | |
Becton, Dickinson & Co. | 285,353 | 71,823,350 | |
Bellerophon Therapeutics, Inc. (a) | 5,753 | 24,163 | |
Beyond Air, Inc. (a)(b) | 17,018 | 187,198 | |
BioLase Technology, Inc. (a)(b) | 138,462 | 106,270 | |
BioLife Solutions, Inc. (a) | 30,675 | 1,790,193 | |
Biomerica, Inc. (a)(b) | 11,649 | 52,188 | |
BioSig Technologies, Inc. (a) | 28,257 | 89,010 | |
Bioventus, Inc. | 7,302 | 105,952 | |
Boston Scientific Corp. (a) | 1,394,765 | 62,973,640 | |
Butterfly Network, Inc. Class A (a)(b) | 127,183 | 1,571,982 | |
Cardiovascular Systems, Inc. (a) | 39,505 | 1,413,884 | |
Cerus Corp. (a)(b) | 165,906 | 1,070,094 | |
Chembio Diagnostics, Inc. (a)(b) | 18,346 | 50,268 | |
ClearPoint Neuro, Inc. (a)(b) | 14,280 | 269,464 | |
Co-Diagnostics, Inc. (a) | 25,862 | 278,017 | |
ConforMis, Inc. (a) | 176,747 | 295,167 | |
CONMED Corp. (b) | 28,784 | 3,780,491 | |
Cryolife, Inc. (a) | 40,469 | 1,061,907 | |
CryoPort, Inc. (a)(b) | 45,122 | 2,868,406 | |
Cutera, Inc. (a)(b) | 17,292 | 860,104 | |
CytoSorbents Corp. (a) | 37,655 | 360,358 | |
Danaher Corp. | 623,176 | 202,008,732 | |
Dare Bioscience, Inc. (a)(b) | 43,337 | 75,840 | |
DarioHealth Corp. (a)(b) | 13,912 | 187,673 | |
Delcath Systems, Inc. (a)(b) | 7,838 | 78,380 | |
Dentsply Sirona, Inc. | 214,244 | 13,218,855 | |
DexCom, Inc. (a) | 94,947 | 50,266,841 | |
Eargo, Inc. (a)(b) | 10,184 | 203,782 | |
Edwards Lifesciences Corp. (a) | 610,304 | 71,515,423 | |
Ekso Bionics Holdings, Inc. (a) | 11,780 | 56,308 | |
electroCore, Inc. (a) | 44,978 | 46,327 | |
Electromed, Inc. (a) | 7,866 | 97,774 | |
ENDRA Life Sciences, Inc. (a) | 31,927 | 60,661 | |
Envista Holdings Corp. (a) | 157,480 | 6,738,569 | |
Fonar Corp. (a) | 6,638 | 115,833 | |
Glaukos Corp. (a) | 45,015 | 2,684,244 | |
Globus Medical, Inc. (a) | 76,085 | 6,208,536 | |
Haemonetics Corp. (a) | 50,193 | 3,149,611 | |
Hancock Jaffe Laboratories, Inc. (a)(b) | 5,882 | 46,350 | |
Helius Medical Technologies, Inc. (U.S.) (a)(b) | 3,762 | 53,119 | |
Heska Corp. (a) | 9,826 | 2,606,838 | |
Hill-Rom Holdings, Inc. | 64,907 | 9,449,161 | |
Hologic, Inc. (a) | 251,247 | 19,886,200 | |
ICU Medical, Inc. (a) | 19,235 | 3,834,497 | |
IDEXX Laboratories, Inc. (a) | 83,700 | 56,393,712 | |
Inari Medical, Inc. (a) | 8,251 | 675,427 | |
Inogen, Inc. (a) | 18,658 | 1,104,367 | |
Insulet Corp. (a) | 65,072 | 19,379,092 | |
Integer Holdings Corp. (a) | 32,807 | 3,241,004 | |
Integra LifeSciences Holdings Corp. (a) | 69,673 | 5,241,500 | |
Intersect ENT, Inc. (a) | 31,891 | 867,754 | |
IntriCon Corp. (a) | 8,153 | 183,443 | |
Intuitive Surgical, Inc. (a) | 116,243 | 122,468,975 | |
Invacare Corp. (a)(b) | 33,353 | 282,166 | |
InVivo Therapeutics Holdings Corp. (a)(b) | 60,611 | 40,343 | |
INVO Bioscience, Inc. (a)(b) | 10,569 | 40,691 | |
IRadimed Corp. (a) | 5,819 | 196,449 | |
iRhythm Technologies, Inc. (a) | 28,556 | 1,364,977 | |
Iridex Corp. (a)(b) | 12,154 | 92,006 | |
Kewaunee Scientific Corp. (a) | 406 | 5,380 | |
Lantheus Holdings, Inc. (a) | 67,204 | 1,772,169 | |
LeMaitre Vascular, Inc. | 17,428 | 986,773 | |
LENSAR, Inc. (a) | 6,923 | 61,476 | |
LivaNova PLC (a) | 51,232 | 4,236,374 | |
Lucira Health, Inc. | 9,091 | 83,001 | |
Masimo Corp. (a) | 49,685 | 13,491,465 | |
Medtronic PLC | 1,320,467 | 176,255,935 | |
Meridian Bioscience, Inc. (a) | 42,216 | 854,452 | |
Merit Medical Systems, Inc. (a) | 49,021 | 3,518,237 | |
Mesa Laboratories, Inc. (b) | 5,064 | 1,351,683 | |
Microbot Medical, Inc. (a)(b) | 4,719 | 35,864 | |
Milestone Scientific, Inc. (a) | 39,546 | 73,556 | |
Misonix, Inc. (a) | 11,068 | 281,127 | |
Motus GI Holdings, Inc. (a)(b) | 30,439 | 23,697 | |
Myomo, Inc. (a) | 5,910 | 63,592 | |
NanoVibronix, Inc. (a) | 18,999 | 52,247 | |
Natus Medical, Inc. (a) | 35,541 | 942,547 | |
Nemaura Medical, Inc. (a) | 7,006 | 48,972 | |
Neogen Corp. (a) | 107,372 | 4,700,746 | |
NeuroMetrix, Inc. (a)(b) | 3,803 | 45,408 | |
Neuronetics, Inc. (a) | 20,695 | 139,070 | |
NeuroPace, Inc. (a) | 5,738 | 121,875 | |
Nevro Corp. (a) | 33,905 | 4,136,410 | |
Novocure Ltd. (a) | 84,296 | 11,313,366 | |
NuVasive, Inc. (a) | 50,176 | 3,117,937 | |
Nuwellis, Inc. (a) | 4,077 | 16,471 | |
OraSure Technologies, Inc. (a) | 69,402 | 759,952 | |
Ortho Clinical Diagnostics Holdings PLC | 79,619 | 1,627,412 | |
Orthofix International NV (a) | 18,517 | 785,121 | |
OrthoPediatrics Corp. (a) | 13,095 | 917,960 | |
Outset Medical, Inc. | 19,434 | 957,902 | |
PAVmed, Inc. (a) | 72,767 | 531,199 | |
Penumbra, Inc. (a) | 33,339 | 9,166,558 | |
Predictive Oncology, Inc. (a) | 50,333 | 53,856 | |
Pro-Dex, Inc. (a) | 3,251 | 81,925 | |
Pulmonx Corp. | 10,491 | 421,633 | |
Pulse Biosciences, Inc. (a)(b) | 12,872 | 333,385 | |
Quidel Corp. (a)(b) | 37,877 | 4,884,239 | |
Quotient Ltd. (a) | 91,791 | 281,798 | |
Repro Medical Systems, Inc. (a)(b) | 34,409 | 111,829 | |
Reshape Lifesciences, Inc. (a)(b) | 2,519 | 8,716 | |
ResMed, Inc. | 142,905 | 41,518,190 | |
Retractable Technologies, Inc. (a)(b) | 13,399 | 172,579 | |
Rockwell Medical Technologies, Inc. (a)(b) | 90,486 | 60,083 | |
Sanara Medtech, Inc. (a) | 2,474 | 84,413 | |
Seaspine Holdings Corp. (a) | 28,180 | 472,860 | |
Second Sight Medical Products, Inc. (a) | 16,061 | 61,995 | |
Senseonics Holdings, Inc. (a)(b) | 338,260 | 1,356,423 | |
Sensus Healthcare, Inc. (a)(b) | 11,105 | 39,534 | |
Shockwave Medical, Inc. (a) | 31,278 | 6,700,060 | |
SI-BONE, Inc. (a) | 25,854 | 631,096 | |
Sientra, Inc. (a)(b) | 51,800 | 314,944 | |
Silk Road Medical, Inc. (a) | 33,609 | 1,992,342 | |
Sintx Technologies, Inc. (a)(b) | 16,443 | 23,513 | |
SmileDirectClub, Inc. (a)(b) | 86,600 | 476,300 | |
Soliton, Inc. (a) | 9,483 | 199,427 | |
Staar Surgical Co. (a) | 46,062 | 7,115,197 | |
Stereotaxis, Inc. (a) | 62,453 | 440,918 | |
STERIS PLC | 96,148 | 20,672,781 | |
STRATA Skin Sciences, Inc. (a) | 2,761 | 3,838 | |
Stryker Corp. | 321,704 | 89,144,178 | |
Surgalign Holdings, Inc. (a) | 106,619 | 162,061 | |
SurModics, Inc. (a) | 14,449 | 867,951 | |
Tactile Systems Technology, Inc. (a) | 19,026 | 846,276 | |
Talis Biomedical Corp. | 14,676 | 118,289 | |
Tandem Diabetes Care, Inc. (a) | 61,404 | 6,887,687 | |
Tela Bio, Inc. (a) | 6,586 | 86,277 | |
Teleflex, Inc. | 45,822 | 18,120,768 | |
The Cooper Companies, Inc. | 48,483 | 21,851,773 | |
Thermogenesis Holdings, Inc. (a)(b) | 4,357 | 10,675 | |
TransMedics Group, Inc. (a) | 24,120 | 788,242 | |
Treace Medical Concepts, Inc. (a) | 12,108 | 305,727 | |
Utah Medical Products, Inc. | 3,303 | 292,646 | |
Vapotherm, Inc. (a)(b) | 21,942 | 606,696 | |
Varex Imaging Corp. (a) | 39,091 | 1,140,284 | |
Venus Concept, Inc. (a) | 14,398 | 32,827 | |
ViewRay, Inc. (a)(b) | 118,521 | 715,867 | |
Viveve Medical, Inc. (a) | 5,483 | 15,243 | |
VolitionRx Ltd. (a)(b) | 34,878 | 115,097 | |
West Pharmaceutical Services, Inc. | 72,492 | 32,738,837 | |
Zimmer Biomet Holdings, Inc. | 204,506 | 30,767,928 | |
Zomedica Corp. (a) | 938,443 | 598,539 | |
Zosano Pharma Corp. (a)(b) | 92,202 | 65,141 | |
Zynex, Inc. (a)(b) | 18,675 | 250,432 | |
1,630,362,436 | |||
Health Care Providers & Services - 2.4% | |||
1Life Healthcare, Inc. (a) | 76,290 | 1,869,868 | |
Acadia Healthcare Co., Inc. (a) | 88,832 | 5,873,572 | |
Accolade, Inc. (a) | 16,953 | 803,233 | |
AdaptHealth Corp. (a) | 93,495 | 2,247,620 | |
Addus HomeCare Corp. (a) | 14,812 | 1,331,895 | |
Agiliti, Inc. (a) | 27,805 | 593,081 | |
agilon health, Inc. (a)(b) | 46,271 | 1,619,485 | |
Alignment Healthcare, Inc. (a) | 28,962 | 511,759 | |
Amedisys, Inc. (a) | 31,841 | 5,841,231 | |
AmerisourceBergen Corp. | 145,487 | 17,779,966 | |
AMN Healthcare Services, Inc. (a) | 46,693 | 5,300,589 | |
Anthem, Inc. | 240,333 | 90,156,118 | |
Apollo Medical Holdings, Inc. (a) | 13,057 | 991,157 | |
Apria, Inc. | 7,245 | 258,429 | |
Avalon GloboCare Corp. (a) | 12,514 | 13,140 | |
Aveanna Healthcare Holdings, Inc. (a) | 41,305 | 389,919 | |
Biodesix, Inc. (a)(b) | 4,906 | 44,252 | |
Brookdale Senior Living, Inc. (a) | 180,008 | 1,314,058 | |
Caladrius Biosciences, Inc. (a) | 51,793 | 67,849 | |
Capital Senior Living Corp. (a) | 1,728 | 63,729 | |
Cardinal Health, Inc. | 284,308 | 14,923,327 | |
Castle Biosciences, Inc. (a) | 18,031 | 1,383,519 | |
Centene Corp. (a) | 572,221 | 36,038,479 | |
Chemed Corp. | 15,689 | 7,478,946 | |
Cigna Corp. | 336,804 | 71,284,567 | |
Clover Health Investments Corp. (a)(b) | 108,928 | 934,602 | |
Community Health Systems, Inc. (a) | 121,125 | 1,491,049 | |
Corvel Corp. (a) | 9,376 | 1,545,259 | |
Covetrus, Inc. (a) | 97,187 | 2,195,454 | |
Cross Country Healthcare, Inc. (a) | 33,855 | 736,346 | |
CVS Health Corp. | 1,292,377 | 111,648,449 | |
CynergisTek, Inc. (a) | 4,652 | 8,699 | |
DaVita HealthCare Partners, Inc. (a) | 68,421 | 8,947,414 | |
Encompass Health Corp. | 97,679 | 7,662,918 | |
Enzo Biochem, Inc. (a) | 47,335 | 173,246 | |
Exagen, Inc. (a) | 7,281 | 102,662 | |
Five Star Senior Living, Inc. (a) | 15,291 | 71,103 | |
Fulgent Genetics, Inc. (a)(b) | 17,311 | 1,579,456 | |
Great Elm Group, Inc. (a) | 30,049 | 71,216 | |
Guardant Health, Inc. (a) | 84,485 | 10,752,406 | |
Hanger, Inc. (a) | 40,645 | 970,603 | |
HCA Holdings, Inc. | 257,962 | 65,259,227 | |
HealthEquity, Inc. (a) | 82,153 | 5,271,758 | |
Henry Schein, Inc. (a) | 137,961 | 10,428,472 | |
Hims & Hers Health, Inc. (a) | 64,308 | 506,747 | |
Humana, Inc. | 126,603 | 51,327,388 | |
IMAC Holdings, Inc. (a) | 24,559 | 38,312 | |
InfuSystems Holdings, Inc. (a) | 16,341 | 232,859 | |
Innovage Holding Corp. (a)(b) | 20,016 | 300,840 | |
Laboratory Corp. of America Holdings (a) | 96,090 | 29,151,784 | |
LHC Group, Inc. (a) | 31,467 | 5,876,777 | |
Magellan Health Services, Inc. (a) | 22,699 | 2,147,779 | |
McKesson Corp. | 155,966 | 31,838,899 | |
MEDNAX, Inc. (a) | 83,789 | 2,690,465 | |
Modivcare, Inc. (a) | 11,879 | 2,343,252 | |
Molina Healthcare, Inc. (a) | 57,365 | 15,417,991 | |
National Healthcare Corp. | 11,992 | 885,609 | |
National Research Corp. Class A | 12,918 | 697,572 | |
Novo Integrated Sciences, Inc. (a)(b) | 4,809 | 8,752 | |
Ontrak, Inc. (a)(b) | 7,794 | 94,463 | |
Option Care Health, Inc. (a) | 117,591 | 3,145,559 | |
Owens & Minor, Inc. | 73,561 | 2,742,354 | |
Patterson Companies, Inc. | 84,668 | 2,594,228 | |
Pennant Group, Inc. (a) | 25,042 | 765,534 | |
PetIQ, Inc. Class A (a)(b) | 23,226 | 602,715 | |
Precipio, Inc. (a) | 20,654 | 69,604 | |
Premier, Inc. | 68,901 | 2,561,739 | |
Privia Health Group, Inc. (a)(b) | 20,383 | 607,617 | |
Progenity, Inc. (a)(b) | 19,297 | 17,169 | |
Progyny, Inc. (a) | 36,428 | 2,035,232 | |
Psychemedics Corp. (a) | 2,812 | 23,030 | |
Quest Diagnostics, Inc. | 128,814 | 19,686,644 | |
R1 RCM, Inc. (a) | 136,776 | 2,697,223 | |
RadNet, Inc. (a) | 42,521 | 1,335,585 | |
Regional Health Properties, Inc. (a) | 1,040 | 11,638 | |
Select Medical Holdings Corp. | 106,406 | 3,678,455 | |
Sharps Compliance Corp. (a) | 10,976 | 98,674 | |
Signify Health, Inc. (b) | 23,450 | 609,466 | |
SOC Telemed, Inc. Class A (a) | 54,521 | 147,752 | |
Star Equity Holdings, Inc. (a)(b) | 2,778 | 8,001 | |
SunLink Health Systems, Inc. (a)(b) | 3,788 | 10,038 | |
Surgery Partners, Inc. (a) | 29,620 | 1,457,304 | |
Tenet Healthcare Corp. (a) | 104,764 | 7,893,967 | |
The Ensign Group, Inc. | 51,457 | 4,202,493 | |
The Joint Corp. (a) | 12,840 | 1,311,863 | |
Tivity Health, Inc. (a) | 38,258 | 889,499 | |
Triple-S Management Corp. (a) | 22,643 | 803,827 | |
U.S. Physical Therapy, Inc. | 13,134 | 1,541,932 | |
UnitedHealth Group, Inc. | 926,368 | 385,619,207 | |
Universal Health Services, Inc. Class B | 76,204 | 11,869,535 | |
Vivos Therapeutics, Inc. (b) | 4,218 | 22,187 | |
1,100,649,687 | |||
Health Care Technology - 0.3% | |||
Allscripts Healthcare Solutions, Inc. (a) | 137,496 | 2,111,939 | |
American Well Corp. | 56,754 | 607,835 | |
CareCloud, Inc. (a)(b) | 6,402 | 53,649 | |
Castlight Health, Inc. Class B (a) | 90,258 | 163,367 | |
Cerner Corp. | 295,705 | 22,577,077 | |
Certara, Inc. (b) | 38,884 | 1,305,336 | |
Change Healthcare, Inc. (a) | 225,400 | 4,920,482 | |
Computer Programs & Systems, Inc. | 12,352 | 439,361 | |
Evolent Health, Inc. (a) | 77,017 | 1,891,538 | |
Forian, Inc. (a) | 15,739 | 192,173 | |
GoodRx Holdings, Inc. (b) | 61,752 | 2,347,811 | |
Health Catalyst, Inc. (a)(b) | 36,840 | 2,011,832 | |
HealthStream, Inc. (a) | 24,091 | 732,125 | |
HTG Molecular Diagnostics (a)(b) | 3,764 | 25,595 | |
iCAD, Inc. (a) | 20,843 | 251,367 | |
Inovalon Holdings, Inc. Class A (a) | 76,156 | 3,110,973 | |
Inspire Medical Systems, Inc. (a) | 26,785 | 5,988,055 | |
MultiPlan Corp. Class A (a)(b) | 256,044 | 1,536,264 | |
NantHealth, Inc. (a) | 41,724 | 91,793 | |
Nextgen Healthcare, Inc. (a) | 54,615 | 833,425 | |
Omnicell, Inc. (a) | 42,554 | 6,607,360 | |
OptimizeRx Corp. (a)(b) | 13,753 | 910,174 | |
Phreesia, Inc. (a) | 35,944 | 2,571,793 | |
Schrodinger, Inc. (a) | 35,970 | 2,147,049 | |
SCWorx, Corp. (a) | 5,597 | 16,959 | |
Simulations Plus, Inc. (b) | 14,822 | 656,615 | |
Streamline Health Solutions, Inc. (a) | 27,068 | 46,828 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 22,197 | 694,988 | |
Teladoc Health, Inc. (a)(b) | 129,049 | 18,637,257 | |
Veeva Systems, Inc. Class A (a) | 135,678 | 45,042,382 | |
Vocera Communications, Inc. (a) | 34,555 | 1,675,572 | |
130,198,974 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 72,893 | 12,823,337 | |
Adaptive Biotechnologies Corp. (a) | 82,153 | 2,983,797 | |
Agilent Technologies, Inc. | 297,730 | 52,242,683 | |
Akoya Biosciences, Inc. (a) | 6,065 | 96,858 | |
Applied DNA Sciences, Inc. (a)(b) | 3,677 | 21,547 | |
Avantor, Inc. (a) | 509,048 | 20,076,853 | |
Berkeley Lights, Inc. (a) | 8,382 | 298,064 | |
Bio-Rad Laboratories, Inc. Class A (a) | 21,244 | 17,097,596 | |
Bio-Techne Corp. | 38,155 | 19,044,687 | |
BioNano Genomics, Inc. (a)(b) | 272,609 | 1,589,310 | |
Bruker Corp. | 99,308 | 8,769,889 | |
Champions Oncology, Inc. (a) | 3,881 | 37,607 | |
Charles River Laboratories International, Inc. (a) | 49,325 | 21,893,395 | |
ChromaDex, Inc. (a)(b) | 48,378 | 412,664 | |
Codexis, Inc. (a) | 56,801 | 1,534,763 | |
Fluidigm Corp. (a)(b) | 73,067 | 526,813 | |
Harvard Bioscience, Inc. (a) | 34,742 | 286,969 | |
Illumina, Inc. (a) | 143,363 | 65,539,829 | |
Inotiv, Inc. (a)(b) | 10,025 | 260,951 | |
IQVIA Holdings, Inc. (a) | 188,155 | 48,869,498 | |
Maravai LifeSciences Holdings, Inc. | 95,583 | 5,656,602 | |
Medpace Holdings, Inc. (a) | 27,123 | 4,945,879 | |
Mettler-Toledo International, Inc. (a) | 22,847 | 35,477,507 | |
Nanostring Technologies, Inc. (a) | 44,097 | 2,566,445 | |
NeoGenomics, Inc. (a) | 116,418 | 5,660,243 | |
Pacific Biosciences of California, Inc. (a) | 194,654 | 6,094,617 | |
PerkinElmer, Inc. | 110,026 | 20,332,805 | |
Personalis, Inc. (a) | 26,804 | 567,709 | |
PPD, Inc. (a) | 106,651 | 4,939,008 | |
Quanterix Corp. (a) | 26,636 | 1,359,768 | |
Seer, Inc. (b) | 13,173 | 526,657 | |
Sotera Health Co. | 73,260 | 1,791,940 | |
Syneos Health, Inc. (a) | 99,352 | 9,217,879 | |
Thermo Fisher Scientific, Inc. | 385,838 | 214,120,798 | |
Waters Corp. (a) | 60,528 | 25,059,803 | |
612,724,770 | |||
Pharmaceuticals - 3.2% | |||
9 Meters Biopharma, Inc. (a) | 196,242 | 255,115 | |
Aadi Bioscience, Inc. (a) | 2,463 | 64,161 | |
Aadi Bioscience, Inc. rights (a)(c) | 36,950 | 739 | |
AcelRx Pharmaceuticals, Inc. (a) | 106,962 | 119,797 | |
Acer Therapeutics, Inc. (a)(b) | 2,754 | 7,243 | |
Aclaris Therapeutics, Inc. (a) | 42,120 | 682,765 | |
Adamis Pharmaceuticals Corp. (a)(b) | 139,968 | 152,565 | |
Adial Pharmaceuticals, Inc. (a)(b) | 9,174 | 37,613 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 48,116 | 717,410 | |
Agile Therapeutics, Inc. (a)(b) | 83,843 | 97,258 | |
Alimera Sciences, Inc. (a) | 3,266 | 19,563 | |
Amneal Pharmaceuticals, Inc. (a) | 114,527 | 645,932 | |
Amphastar Pharmaceuticals, Inc. (a) | 36,479 | 717,177 | |
Ampio Pharmaceuticals, Inc. (a)(b) | 174,128 | 285,570 | |
Angion Biomedica Corp. | 4,530 | 49,875 | |
ANI Pharmaceuticals, Inc. (a) | 9,955 | 301,935 | |
Antares Pharma, Inc. (a) | 163,957 | 645,991 | |
Aquestive Therapeutics, Inc. (a)(b) | 18,307 | 83,846 | |
Artelo Biosciences, Inc. (a) | 11,386 | 10,372 | |
Arvinas Holding Co. LLC (a) | 32,074 | 2,765,100 | |
Assertio Holdings, Inc. (a)(b) | 34,705 | 37,134 | |
Atea Pharmaceuticals, Inc. (b) | 12,199 | 362,554 | |
Athira Pharma, Inc. | 15,736 | 166,644 | |
Avalo Therapeutics, Inc. (a) | 86,370 | 267,747 | |
Avenue Therapeutics, Inc. (a)(b) | 4,408 | 7,978 | |
Axsome Therapeutics, Inc. (a)(b) | 26,212 | 673,124 | |
Aytu BioScience, Inc. (a)(b) | 22,173 | 84,257 | |
Baudax Bio, Inc. (a) | 54,506 | 34,339 | |
Biodelivery Sciences International, Inc. (a) | 96,352 | 371,919 | |
Bristol-Myers Squibb Co. | 2,193,726 | 146,672,520 | |
Cara Therapeutics, Inc. (a) | 41,730 | 658,499 | |
Cassava Sciences, Inc. (a)(b) | 36,033 | 2,048,476 | |
Catalent, Inc. (a) | 167,634 | 21,866,179 | |
Citius Pharmaceuticals, Inc. (a)(b) | 118,079 | 265,678 | |
Clearside Biomedical, Inc. (a) | 48,052 | 331,078 | |
Clever Leaves Holdings, Inc. (a)(b) | 16,440 | 152,234 | |
CNS Pharmaceuticals, Inc. (a) | 22,678 | 38,553 | |
Cocrystal Pharma, Inc. (a) | 76,792 | 89,847 | |
Collegium Pharmaceutical, Inc. (a) | 36,207 | 743,330 | |
Corcept Therapeutics, Inc. (a) | 102,025 | 2,171,092 | |
CorMedix, Inc. (a) | 38,733 | 250,215 | |
Cumberland Pharmaceuticals, Inc. (a) | 2,110 | 6,077 | |
CymaBay Therapeutics, Inc. (a)(b) | 55,380 | 219,305 | |
Durect Corp. (a)(b) | 220,663 | 306,722 | |
Edgewise Therapeutics, Inc. (a)(b) | 12,981 | 205,619 | |
Elanco Animal Health, Inc. (a) | 468,622 | 15,642,602 | |
Elanco Animal Health, Inc. rights (a)(c) | 26,032 | 0 | |
Eli Lilly & Co. | 781,603 | 201,880,239 | |
Eloxx Pharmaceuticals, Inc. (a)(b) | 64,312 | 104,185 | |
Endo International PLC (a) | 226,709 | 519,164 | |
Enveric Biosciences, Inc. (a) | 17,474 | 34,773 | |
Esperion Therapeutics, Inc. (a)(b) | 26,790 | 348,806 | |
Eton Pharmaceuticals, Inc. (a)(b) | 15,684 | 82,655 | |
Evofem Biosciences, Inc. (a)(b) | 132,490 | 117,519 | |
Evoke Pharma, Inc. (a)(b) | 16,623 | 19,449 | |
Evolus, Inc. (a)(b) | 33,266 | 352,620 | |
Eyenovia, Inc. (a) | 19,929 | 109,610 | |
Eyepoint Pharmaceuticals, Inc. (a)(b) | 18,416 | 201,471 | |
Fulcrum Therapeutics, Inc. (a) | 18,578 | 551,767 | |
Graybug Vision, Inc. | 4,425 | 19,382 | |
Harrow Health, Inc. (a) | 25,527 | 270,586 | |
Hepion Pharmaceuticals, Inc. (a) | 68,049 | 109,559 | |
Hoth Therapeutics, Inc. (a)(b) | 4,904 | 6,669 | |
Ikena Oncology, Inc. (a) | 8,902 | 114,569 | |
IMARA, Inc. (a) | 4,202 | 20,128 | |
Innoviva, Inc. (a) | 60,099 | 917,111 | |
Intra-Cellular Therapies, Inc. (a) | 69,943 | 2,322,108 | |
Jaguar Health, Inc. (a) | 122,090 | 146,508 | |
Jazz Pharmaceuticals PLC (a) | 58,774 | 7,741,124 | |
Johnson & Johnson | 2,585,640 | 447,651,853 | |
Kala Pharmaceuticals, Inc. (a)(b) | 35,936 | 121,464 | |
Kaleido Biosciences, Inc. (a)(b) | 19,994 | 122,763 | |
KemPharm, Inc. (a) | 27,248 | 253,406 | |
Landos Biopharma, Inc. | 5,994 | 79,600 | |
Lannett Co., Inc. (a) | 29,420 | 103,558 | |
Lexaria Bioscience Corp. (a)(b) | 5,481 | 34,092 | |
Lipocine, Inc. (a) | 94,770 | 124,149 | |
Liquidia Technologies, Inc. (a) | 33,068 | 88,292 | |
Longboard Pharmaceuticals, Inc. (a) | 5,791 | 54,320 | |
Lyra Therapeutics, Inc. (a)(b) | 3,893 | 27,796 | |
Marinus Pharmaceuticals, Inc. (a)(b) | 32,275 | 398,919 | |
Merck & Co., Inc. | 2,486,061 | 189,661,594 | |
MyMD Pharmaceuticals, Inc. (a) | 30,079 | 195,514 | |
Nektar Therapeutics (a) | 182,959 | 2,832,205 | |
NGM Biopharmaceuticals, Inc. (a) | 25,094 | 547,802 | |
NovaBay Pharmaceuticals, Inc. (a)(b) | 180 | 121 | |
Novan, Inc. (a)(b) | 13,457 | 129,053 | |
Nuvation Bio, Inc. (a)(b) | 61,022 | 563,233 | |
Ocular Therapeutix, Inc. (a) | 74,890 | 790,838 | |
Ocuphire Pharma, Inc. (a)(b) | 259 | 1,153 | |
Ocuphire Pharma, Inc. rights (a)(c) | 259 | 236 | |
Odonate Therapeutics, Inc. (a) | 19,333 | 67,086 | |
Omeros Corp. (a)(b) | 60,426 | 984,944 | |
Onconova Therapeutics, Inc. (a)(b) | 15,366 | 81,901 | |
Opiant Pharmaceuticals, Inc. (a) | 3,787 | 65,780 | |
OptiNose, Inc. (a)(b) | 30,917 | 89,968 | |
Organon & Co. | 248,316 | 8,415,429 | |
Osmotica Pharmaceuticals PLC (a)(b) | 12,730 | 44,810 | |
Otonomy, Inc. (a) | 48,326 | 75,389 | |
Pacira Biosciences, Inc. (a) | 43,020 | 2,550,656 | |
Palisade Bio, Inc. (a) | 20 | 56 | |
Palisade Bio, Inc. rights (a)(c) | 122 | 0 | |
Paratek Pharmaceuticals, Inc. (a)(b) | 42,389 | 235,683 | |
Perrigo Co. PLC | 130,774 | 5,355,195 | |
Petros Pharmaceuticals, Inc. (a)(b) | 456 | 1,026 | |
Pfizer, Inc. | 5,495,770 | 253,190,124 | |
Phathom Pharmaceuticals, Inc. (a) | 12,537 | 446,192 | |
Phibro Animal Health Corp. Class A (b) | 22,839 | 554,759 | |
Pliant Therapeutics, Inc. (a) | 8,917 | 162,646 | |
PLx Pharma PLC (a) | 22,474 | 398,015 | |
Prestige Brands Holdings, Inc. (a) | 50,354 | 2,889,816 | |
Processa Pharmaceuticals, Inc. (b) | 8,545 | 55,713 | |
ProPhase Labs, Inc. (b) | 11,392 | 61,061 | |
Provention Bio, Inc. (a)(b) | 54,284 | 364,246 | |
Pulmatrix, Inc. (a) | 83,083 | 68,120 | |
Rain Therapeutics, Inc. (a) | 7,150 | 125,340 | |
Reata Pharmaceuticals, Inc. (a)(b) | 26,026 | 2,772,029 | |
Relmada Therapeutics, Inc. (a) | 14,700 | 351,477 | |
Revance Therapeutics, Inc. (a) | 65,341 | 1,749,832 | |
Reviva Pharmaceuticals Holdings, Inc. (a) | 6,698 | 29,471 | |
Royalty Pharma PLC | 84,118 | 3,251,161 | |
Satsuma Pharmaceuticals, Inc. (a) | 4,963 | 24,468 | |
scPharmaceuticals, Inc. (a) | 10,137 | 63,559 | |
SCYNEXIS, Inc. (a)(b) | 21,488 | 140,102 | |
Seelos Therapeutics, Inc. (a) | 87,563 | 192,639 | |
SenesTech, Inc. (a) | 6,556 | 11,342 | |
SIGA Technologies, Inc. (a) | 44,998 | 293,837 | |
Sonoma Pharmaceuticals, Inc. (a) | 1,722 | 10,917 | |
Strongbridge Biopharma PLC (a) | 47,594 | 107,087 | |
Supernus Pharmaceuticals, Inc. (a) | 53,688 | 1,478,031 | |
Tarsus Pharmaceuticals, Inc. (a) | 5,645 | 149,593 | |
Teligent, Inc. (a) | 72,562 | 28,793 | |
Terns Pharmaceuticals, Inc. | 7,330 | 98,662 | |
TFF Pharmaceuticals, Inc. (a)(b) | 15,765 | 135,894 | |
TherapeuticsMD, Inc. (a) | 361,350 | 287,273 | |
Theravance Biopharma, Inc. (a) | 49,106 | 407,580 | |
Timber Pharmaceuticals, Inc. (a)(b) | 39,978 | 36,876 | |
Titan Pharmaceuticals, Inc. (a)(b) | 2,436 | 5,457 | |
Trevi Therapeutics, Inc. (a)(b) | 6,693 | 11,110 | |
Tricida, Inc. (a) | 27,213 | 118,104 | |
Verrica Pharmaceuticals, Inc. (a)(b) | 10,933 | 122,450 | |
Viatris, Inc. | 1,189,367 | 17,400,439 | |
Vyne Therapeutics, Inc. (a)(b) | 47,713 | 81,112 | |
WAVE Life Sciences (a) | 35,580 | 225,221 | |
Xeris Pharmaceuticals, Inc. (a)(b) | 67,181 | 185,420 | |
Zoetis, Inc. Class A | 466,392 | 95,405,148 | |
Zogenix, Inc. (a)(b) | 53,967 | 799,251 | |
Zynerba Pharmaceuticals, Inc. (a)(b) | 40,620 | 179,947 | |
1,463,543,949 | |||
TOTAL HEALTH CARE | 6,141,043,568 | ||
INDUSTRIALS - 9.1% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. (a) | 32,069 | 1,085,536 | |
Aerojet Rocketdyne Holdings, Inc. | 73,016 | 3,031,624 | |
AeroVironment, Inc. (a) | 22,620 | 2,315,383 | |
AerSale Corp. (a) | 7,880 | 106,616 | |
Air Industries Group, Inc. (a) | 20,123 | 23,946 | |
Astronics Corp. (a) | 23,253 | 310,660 | |
Astrotech Corp. (a) | 34,846 | 38,679 | |
Axon Enterprise, Inc. (a) | 63,595 | 11,566,023 | |
BWX Technologies, Inc. | 92,902 | 5,335,362 | |
Byrna Technologies, Inc. (a) | 13,845 | 405,382 | |
CPI Aerostructures, Inc. (a) | 11,576 | 36,580 | |
Curtiss-Wright Corp. | 40,041 | 4,876,193 | |
Ducommun, Inc. (a)(b) | 12,307 | 648,579 | |
General Dynamics Corp. | 225,160 | 45,101,800 | |
HEICO Corp. | 42,277 | 5,361,569 | |
HEICO Corp. Class A | 72,121 | 8,239,103 | |
Hexcel Corp. (a) | 81,681 | 4,632,130 | |
Howmet Aerospace, Inc. | 384,175 | 12,197,556 | |
Huntington Ingalls Industries, Inc. | 39,702 | 8,105,957 | |
Innovative Solutions & Support, Inc. | 9,716 | 68,692 | |
Kaman Corp. | 27,779 | 1,085,603 | |
Kratos Defense & Security Solutions, Inc. (a) | 121,324 | 2,999,129 | |
L3Harris Technologies, Inc. | 201,377 | 46,922,855 | |
Lockheed Martin Corp. | 239,999 | 86,351,640 | |
Maxar Technologies, Inc. | 70,250 | 2,233,248 | |
Mercury Systems, Inc. (a) | 55,216 | 2,781,782 | |
Moog, Inc. Class A | 28,422 | 2,257,844 | |
National Presto Industries, Inc. | 4,916 | 410,683 | |
Northrop Grumman Corp. | 146,956 | 54,035,721 | |
PAE, Inc. (a) | 59,548 | 398,376 | |
Park Aerospace Corp. | 16,819 | 245,221 | |
Parsons Corp. (a)(b) | 22,862 | 810,001 | |
Raytheon Technologies Corp. | 1,487,865 | 126,111,437 | |
SIFCO Industries, Inc. (a) | 5,271 | 42,484 | |
Sigma Labs, Inc. (a)(b) | 8,545 | 29,138 | |
Spirit AeroSystems Holdings, Inc. Class A | 102,750 | 4,031,910 | |
Teledyne Technologies, Inc. (a) | 45,635 | 21,146,346 | |
Textron, Inc. | 221,957 | 16,129,615 | |
The Boeing Co. (a) | 539,327 | 118,382,277 | |
TransDigm Group, Inc. (a) | 53,927 | 32,759,035 | |
Triumph Group, Inc. (a) | 59,407 | 1,096,653 | |
Vectrus, Inc. (a) | 11,176 | 562,265 | |
Virgin Galactic Holdings, Inc. (a) | 129,519 | 3,511,260 | |
VirTra, Inc. (a) | 11,333 | 92,817 | |
637,914,710 | |||
Air Freight & Logistics - 0.6% | |||
Air T, Inc. (a) | 1,856 | 63,679 | |
Air Transport Services Group, Inc. (a) | 60,628 | 1,660,601 | |
Atlas Air Worldwide Holdings, Inc. (a) | 27,402 | 2,005,004 | |
C.H. Robinson Worldwide, Inc. | 130,641 | 11,765,528 | |
Echo Global Logistics, Inc. (a) | 26,763 | 879,967 | |
Expeditors International of Washington, Inc. | 166,190 | 20,713,922 | |
FedEx Corp. | 239,422 | 63,612,031 | |
Forward Air Corp. | 26,906 | 2,372,302 | |
GXO Logistics, Inc. (a) | 99,995 | 8,178,591 | |
Hub Group, Inc. Class A (a) | 34,662 | 2,433,272 | |
Radiant Logistics, Inc. (a) | 43,019 | 294,680 | |
United Parcel Service, Inc. Class B | 710,023 | 138,901,799 | |
252,881,376 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 121,271 | 6,953,679 | |
Allegiant Travel Co. (a) | 14,352 | 2,761,899 | |
American Airlines Group, Inc. (a)(b) | 633,199 | 12,625,988 | |
Blade Air Mobility, Inc. (a)(b) | 47,471 | 403,978 | |
Delta Air Lines, Inc. (a) | 626,982 | 25,355,152 | |
Frontier Group Holdings, Inc. (a) | 29,585 | 453,538 | |
Hawaiian Holdings, Inc. (a) | 49,835 | 1,007,664 | |
JetBlue Airways Corp. (a) | 307,682 | 4,655,229 | |
Mesa Air Group, Inc. (a) | 30,826 | 245,991 | |
SkyWest, Inc. (a) | 50,691 | 2,364,735 | |
Southwest Airlines Co. (a) | 580,484 | 28,896,494 | |
Spirit Airlines, Inc. (a) | 107,391 | 2,634,301 | |
Sun Country Airlines Holdings, Inc. (a) | 22,588 | 731,625 | |
United Airlines Holdings, Inc. (a) | 316,168 | 14,704,974 | |
103,795,247 | |||
Building Products - 0.7% | |||
A.O. Smith Corp. | 131,478 | 9,561,080 | |
AAON, Inc. | 39,931 | 2,719,700 | |
Advanced Drain Systems, Inc. | 49,445 | 5,644,147 | |
Allegion PLC | 88,176 | 12,696,462 | |
Alpha PRO Tech Ltd. (a)(b) | 10,785 | 87,143 | |
American Woodmark Corp. (a) | 16,506 | 1,163,013 | |
Apogee Enterprises, Inc. | 24,863 | 1,068,612 | |
Applied UV, Inc. | 2,693 | 18,689 | |
Armstrong Flooring, Inc. (a) | 20,015 | 70,453 | |
Armstrong World Industries, Inc. | 47,297 | 4,915,577 | |
Builders FirstSource, Inc. (a) | 203,191 | 10,828,048 | |
Carlisle Companies, Inc. | 51,273 | 10,805,272 | |
Carrier Global Corp. | 801,940 | 46,191,744 | |
Cornerstone Building Brands, Inc. (a) | 41,593 | 691,276 | |
CSW Industrials, Inc. | 13,559 | 1,800,500 | |
Fortune Brands Home & Security, Inc. | 136,070 | 13,249,136 | |
Gibraltar Industries, Inc. (a) | 31,907 | 2,382,177 | |
Griffon Corp. | 44,426 | 1,075,109 | |
Insteel Industries, Inc. | 18,711 | 692,307 | |
Jeld-Wen Holding, Inc. (a) | 92,015 | 2,534,093 | |
Johnson Controls International PLC | 703,373 | 52,612,300 | |
Lennox International, Inc. | 33,684 | 11,290,203 | |
Masco Corp. | 248,431 | 15,084,730 | |
Masonite International Corp. (a) | 24,635 | 2,948,317 | |
Owens Corning | 102,366 | 9,781,071 | |
PGT Innovations, Inc. (a) | 57,958 | 1,230,448 | |
Quanex Building Products Corp. | 32,674 | 769,799 | |
Resideo Technologies, Inc. (a) | 141,947 | 4,576,371 | |
Simpson Manufacturing Co. Ltd. | 42,560 | 4,815,664 | |
Tecnoglass, Inc. | 19,151 | 437,792 | |
The AZEK Co., Inc. (a) | 138,763 | 5,896,040 | |
Trane Technologies PLC | 234,801 | 46,607,999 | |
Trex Co., Inc. (a) | 113,468 | 12,454,248 | |
UFP Industries, Inc. | 61,901 | 4,647,527 | |
View, Inc. Class A (a)(b) | 62,565 | 313,451 | |
301,660,498 | |||
Commercial Services & Supplies - 0.5% | |||
ABM Industries, Inc. | 65,332 | 3,235,241 | |
ACCO Brands Corp. | 91,617 | 858,451 | |
Acme United Corp. | 2,643 | 106,856 | |
ACV Auctions, Inc. Class A (a) | 19,969 | 407,567 | |
ADT, Inc. (b) | 149,697 | 1,281,406 | |
Aqua Metals, Inc. (a)(b) | 63,471 | 151,061 | |
ARC Document Solutions, Inc. | 34,730 | 98,286 | |
BioHiTech Global, Inc. (a)(b) | 17,018 | 23,825 | |
Brady Corp. Class A | 47,524 | 2,534,455 | |
BrightView Holdings, Inc. (a) | 29,994 | 459,808 | |
Casella Waste Systems, Inc. Class A (a) | 46,874 | 3,468,207 | |
CECO Environmental Corp. (a) | 29,039 | 219,244 | |
Charah Solutions, Inc. (a) | 9,668 | 44,666 | |
Cimpress PLC (a) | 19,100 | 1,814,118 | |
Cintas Corp. | 86,768 | 34,340,171 | |
Clean Harbors, Inc. (a) | 49,139 | 5,042,644 | |
CompX International, Inc. Class A | 1,134 | 26,071 | |
Copart, Inc. (a) | 204,781 | 29,553,994 | |
CoreCivic, Inc. (a) | 117,845 | 1,145,453 | |
Covanta Holding Corp. | 115,028 | 2,306,311 | |
Deluxe Corp. (b) | 42,505 | 1,630,067 | |
Document Security Systems, Inc. (a) | 22,138 | 26,787 | |
Driven Brands Holdings, Inc. | 43,920 | 1,312,330 | |
Ennis, Inc. | 26,005 | 504,757 | |
Fuel Tech, Inc. (a) | 19,174 | 35,855 | |
Harsco Corp. (a) | 77,270 | 1,409,405 | |
Healthcare Services Group, Inc. | 73,018 | 1,910,151 | |
Heritage-Crystal Clean, Inc. (a) | 14,506 | 428,507 | |
Herman Miller, Inc. | 71,836 | 3,019,267 | |
HNI Corp. | 42,766 | 1,620,404 | |
IAA, Inc. (a) | 132,332 | 7,029,476 | |
Interface, Inc. | 56,947 | 818,898 | |
JanOne, Inc. (a)(b) | 1,372 | 8,959 | |
KAR Auction Services, Inc. (a) | 121,377 | 2,052,485 | |
Kimball International, Inc. Class B | 37,010 | 461,515 | |
Matthews International Corp. Class A | 30,229 | 1,119,380 | |
Montrose Environmental Group, Inc. (a) | 14,375 | 718,750 | |
MSA Safety, Inc. | 35,634 | 5,802,641 | |
NL Industries, Inc. | 2,768 | 18,933 | |
Odyssey Marine Exploration, Inc. (a)(b) | 5,710 | 31,691 | |
Performant Financial Corp. (a) | 35,708 | 154,259 | |
Perma-Fix Environmental Services, Inc. (a) | 7,911 | 45,646 | |
Pitney Bowes, Inc. | 171,009 | 1,277,437 | |
Quad/Graphics, Inc. (a)(b) | 30,306 | 125,467 | |
Quest Resource Holding Corp. (a) | 13,683 | 91,129 | |
R.R. Donnelley & Sons Co. (a) | 70,689 | 347,083 | |
Recycling Asset Holdings, Inc. (a)(c) | 478 | 17 | |
Republic Services, Inc. | 207,518 | 25,759,209 | |
Rollins, Inc. | 218,173 | 8,491,293 | |
SP Plus Corp. (a) | 23,132 | 749,245 | |
Steelcase, Inc. Class A | 88,651 | 1,249,093 | |
Stericycle, Inc. (a) | 90,879 | 6,325,178 | |
Team, Inc. (a) | 29,745 | 133,258 | |
Tetra Tech, Inc. | 53,512 | 7,697,166 | |
The Brink's Co. | 48,921 | 3,823,665 | |
TOMI Environmental Solutions, Inc. (a)(b) | 10,144 | 17,549 | |
U.S. Ecology, Inc. (a) | 30,520 | 1,094,142 | |
UniFirst Corp. | 14,843 | 3,400,086 | |
Viad Corp. (a) | 19,646 | 848,511 | |
Vidler Water Resouces, Inc. (a) | 17,860 | 265,935 | |
Virco Manufacturing Co. (a) | 791 | 2,966 | |
VSE Corp. | 10,640 | 531,894 | |
Waste Management, Inc. | 381,628 | 59,194,319 | |
Wilhelmina International, Inc. (a) | 3,864 | 23,223 | |
238,725,863 | |||
Construction & Engineering - 0.2% | |||
AECOM (a) | 144,496 | 9,473,158 | |
Ameresco, Inc. Class A (a)(b) | 22,766 | 1,574,269 | |
API Group Corp. (a)(d) | 151,375 | 3,510,386 | |
Arcosa, Inc. | 47,001 | 2,388,591 | |
Argan, Inc. | 14,348 | 664,312 | |
Bowman Consulting Group Ltd. | 2,166 | 28,873 | |
Comfort Systems U.S.A., Inc. | 35,555 | 2,701,469 | |
Concrete Pumping Holdings, Inc.(a) | 18,092 | 150,345 | |
Construction Partners, Inc. Class A (a) | 35,143 | 1,176,236 | |
Dycom Industries, Inc. (a) | 29,978 | 2,258,243 | |
EMCOR Group, Inc. | 54,340 | 6,602,310 | |
Fluor Corp. (a)(b) | 122,464 | 2,040,250 | |
Granite Construction, Inc. | 44,369 | 1,798,719 | |
Great Lakes Dredge & Dock Corp. (a) | 64,079 | 968,234 | |
HC2 Holdings, Inc. (a)(b) | 57,888 | 218,817 | |
IES Holdings, Inc. (a) | 20,198 | 987,682 | |
Infrastructure and Energy Alternatives, Inc. (a) | 12,322 | 158,091 | |
iSun, Inc. (a)(b) | 5,322 | 43,374 | |
Limbach Holdings, Inc. (a) | 7,411 | 58,547 | |
MasTec, Inc. (a) | 55,160 | 5,043,830 | |
Matrix Service Co. (a) | 25,547 | 288,170 | |
MYR Group, Inc. (a) | 17,294 | 1,798,749 | |
Northwest Pipe Co. (a) | 9,658 | 250,335 | |
NV5 Global, Inc. (a) | 12,146 | 1,283,225 | |
Orbital Energy Group, Inc. (a)(b) | 33,437 | 114,355 | |
Orion Group Holdings, Inc. (a) | 27,080 | 147,044 | |
Primoris Services Corp. | 49,163 | 1,263,489 | |
Quanta Services, Inc. | 136,958 | 13,983,412 | |
SG Blocks, Inc. (a)(b) | 12,110 | 50,257 | |
Sterling Construction Co., Inc. (a) | 27,780 | 640,607 | |
Tutor Perini Corp. (a) | 39,124 | 564,168 | |
Valmont Industries, Inc. | 20,893 | 5,199,432 | |
Williams Industrial Services G (a) | 18,996 | 93,650 | |
Willscot Mobile Mini Holdings (a) | 198,849 | 5,885,930 | |
73,408,559 | |||
Electrical Equipment - 0.7% | |||
Acuity Brands, Inc. | 35,114 | 6,479,586 | |
Advent Technologies Holdings, Inc. Class A (a)(b) | 34,844 | 257,846 | |
Allied Motion Technologies, Inc. | 11,397 | 393,880 | |
American Superconductor Corp. (a) | 26,132 | 389,367 | |
AMETEK, Inc. | 226,797 | 30,837,588 | |
Array Technologies, Inc. | 106,737 | 2,035,475 | |
Atkore, Inc. (a) | 46,511 | 4,314,825 | |
Ault Global Holdings, Inc. (a)(b) | 44,753 | 114,568 | |
AZZ, Inc. | 26,032 | 1,394,014 | |
Babcock & Wilcox Enterprises, Inc. (a) | 64,040 | 467,492 | |
Beam Global (a)(b) | 7,395 | 230,280 | |
Bloom Energy Corp. Class A (a)(b) | 119,384 | 2,557,205 | |
Broadwind, Inc. (a)(b) | 14,244 | 45,581 | |
Capstone Turbine Corp. (a)(b) | 9,999 | 47,295 | |
ChargePoint Holdings, Inc. Class A (a)(b) | 158,258 | 3,347,157 | |
Eaton Corp. PLC | 390,940 | 65,818,658 | |
Emerson Electric Co. | 588,576 | 62,094,768 | |
Encore Wire Corp. | 20,030 | 1,702,750 | |
Energous Corp. (a)(b) | 62,450 | 153,627 | |
Energy Focus, Inc. (a)(b) | 7,456 | 25,500 | |
EnerSys | 42,949 | 3,633,056 | |
Eos Energy Enterprises, Inc. (a)(b) | 32,043 | 413,996 | |
Espey Manufacturing & Electronics Corp. | 594 | 8,524 | |
Flux Power Holdings, Inc. | 6,814 | 56,011 | |
FTC Solar, Inc. (a) | 21,196 | 229,977 | |
FuelCell Energy, Inc. (a)(b) | 314,942 | 1,965,238 | |
Generac Holdings, Inc. (a) | 61,786 | 26,999,246 | |
GrafTech International Ltd. | 155,995 | 1,726,865 | |
Hubbell, Inc. Class B | 53,401 | 11,006,480 | |
Ideal Power, Inc. (a)(b) | 5,412 | 89,298 | |
LSI Industries, Inc. | 24,322 | 201,873 | |
Nuvve Holding Corp. (a)(b) | 12,990 | 131,978 | |
nVent Electric PLC | 165,527 | 5,687,508 | |
Ocean Power Technologies, Inc. (a)(b) | 50,341 | 111,757 | |
Orion Energy Systems, Inc. (a) | 26,126 | 118,873 | |
Pioneer Power Solutions, Inc. | 2,545 | 10,180 | |
Plug Power, Inc. (a)(b) | 505,391 | 13,170,489 | |
Polar Power, Inc. (a) | 4,369 | 28,879 | |
Powell Industries, Inc. | 8,708 | 220,312 | |
Preformed Line Products Co. | 2,303 | 161,486 | |
Regal Beloit Corp. | 39,998 | 5,976,501 | |
Rockwell Automation, Inc. | 113,851 | 37,052,808 | |
Romeo Power, Inc. (a)(b) | 86,013 | 418,883 | |
Sensata Technologies, Inc. PLC (a) | 154,983 | 9,171,894 | |
Shoals Technologies Group, Inc. (b) | 91,300 | 2,973,641 | |
Stem, Inc. (a)(b) | 107,477 | 2,685,850 | |
Sunrun, Inc. (a) | 158,225 | 7,001,456 | |
Sunworks, Inc. (a) | 25,900 | 195,286 | |
Thermon Group Holdings, Inc. (a) | 31,956 | 533,665 | |
TPI Composites, Inc. (a) | 32,473 | 1,179,095 | |
Ultralife Corp. (a) | 14,297 | 117,092 | |
Vertiv Holdings Co. | 241,856 | 6,813,084 | |
Vicor Corp. (a) | 20,882 | 2,576,212 | |
Westwater Resources, Inc. (a) | 26,122 | 102,137 | |
325,477,092 | |||
Industrial Conglomerates - 0.9% | |||
3M Co. | 569,108 | 110,828,092 | |
Gaucho Group Holdings, Inc. (a)(b) | 2,994 | 10,210 | |
General Electric Co. | 1,077,331 | 113,561,461 | |
Honeywell International, Inc. | 681,842 | 158,125,978 | |
Raven Industries, Inc. | 35,057 | 2,045,576 | |
Roper Technologies, Inc. | 103,438 | 49,989,517 | |
434,560,834 | |||
Machinery - 1.9% | |||
AGCO Corp. | 60,643 | 8,345,690 | |
AgEagle Aerial Systems, Inc. (a) | 59,032 | 208,973 | |
Agrify Corp. (b) | 12,005 | 340,942 | |
Alamo Group, Inc. | 10,063 | 1,559,866 | |
Albany International Corp. Class A | 29,909 | 2,342,772 | |
Allison Transmission Holdings, Inc. | 108,236 | 4,002,567 | |
Altra Industrial Motion Corp. | 60,198 | 3,525,195 | |
Astec Industries, Inc. | 22,049 | 1,348,076 | |
Barnes Group, Inc. | 45,409 | 2,164,647 | |
Blue Bird Corp. (a) | 14,528 | 314,531 | |
Caterpillar, Inc. | 537,413 | 113,324,279 | |
Chart Industries, Inc. (a) | 35,101 | 6,612,326 | |
CIRCOR International, Inc. (a) | 19,416 | 694,122 | |
Colfax Corp. (a) | 115,389 | 5,558,288 | |
Columbus McKinnon Corp. (NY Shares) | 27,541 | 1,268,263 | |
Commercial Vehicle Group, Inc. (a) | 31,417 | 330,193 | |
Crane Co. | 48,395 | 4,925,159 | |
Cummins, Inc. | 143,307 | 33,817,586 | |
Deere & Co. | 306,095 | 115,713,093 | |
Desktop Metal, Inc. (a)(b) | 146,239 | 1,213,784 | |
Donaldson Co., Inc. | 123,704 | 8,380,946 | |
Douglas Dynamics, Inc. | 22,036 | 875,711 | |
Dover Corp. | 141,296 | 24,636,371 | |
Eastern Co. (b) | 5,800 | 157,818 | |
Energy Recovery, Inc. (a) | 39,971 | 816,608 | |
Enerpac Tool Group Corp. Class A | 59,322 | 1,492,542 | |
EnPro Industries, Inc. | 19,908 | 1,702,333 | |
ESCO Technologies, Inc. | 25,418 | 2,290,670 | |
Evoqua Water Technologies Corp. (a) | 118,443 | 4,609,802 | |
ExOne Co. (a) | 15,426 | 378,708 | |
Federal Signal Corp. | 59,082 | 2,400,502 | |
Flowserve Corp. | 128,684 | 5,001,947 | |
Fortive Corp. | 333,440 | 24,631,213 | |
Franklin Electric Co., Inc. | 37,524 | 3,188,790 | |
FreightCar America, Inc. (a)(b) | 12,401 | 65,477 | |
Gates Industrial Corp. PLC (a) | 91,657 | 1,501,342 | |
Gencor Industries, Inc. (a) | 8,869 | 102,703 | |
Gorman-Rupp Co. | 19,061 | 668,469 | |
Graco, Inc. | 166,766 | 13,077,790 | |
Graham Corp. | 8,823 | 105,876 | |
Helios Technologies, Inc. | 31,245 | 2,550,217 | |
Hillenbrand, Inc. | 75,475 | 3,503,550 | |
Hurco Companies, Inc. | 5,346 | 178,396 | |
Hydrofarm Holdings Group, Inc. | 14,014 | 708,548 | |
Hyliion Holdings Corp. Class A (a)(b) | 97,279 | 858,974 | |
Hyster-Yale Materials Handling Class A | 9,401 | 550,993 | |
IDEX Corp. | 74,466 | 16,680,384 | |
Illinois Tool Works, Inc. | 282,038 | 65,675,369 | |
Ingersoll Rand, Inc. (a) | 381,775 | 20,241,711 | |
ITT, Inc. | 84,568 | 8,090,621 | |
John Bean Technologies Corp. | 31,457 | 4,589,262 | |
Kadant, Inc. | 11,308 | 2,364,729 | |
Kennametal, Inc. | 83,020 | 3,086,684 | |
L.B. Foster Co. Class A (a) | 9,248 | 157,678 | |
Lightning eMotors, Inc. (a)(b) | 28,227 | 255,454 | |
Lincoln Electric Holdings, Inc. | 58,044 | 8,103,523 | |
Lindsay Corp. | 10,601 | 1,746,515 | |
LiqTech International, Inc. (a)(b) | 14,239 | 75,040 | |
Lydall, Inc. (a) | 16,661 | 1,032,649 | |
Manitex International, Inc. (a) | 18,263 | 145,556 | |
Manitowoc Co., Inc. (a) | 33,725 | 817,831 | |
Mayville Engineering Co., Inc. (a) | 20,432 | 304,845 | |
Meritor, Inc. (a) | 73,352 | 1,739,909 | |
Middleby Corp. (a) | 54,549 | 9,979,194 | |
Miller Industries, Inc. | 11,619 | 432,459 | |
Mueller Industries, Inc. | 56,045 | 2,500,167 | |
Mueller Water Products, Inc. Class A | 155,973 | 2,592,271 | |
Nikola Corp. (a)(b) | 138,218 | 1,441,614 | |
NN, Inc. (a) | 43,458 | 236,412 | |
Nordson Corp. | 53,166 | 12,685,408 | |
Omega Flex, Inc. (b) | 2,850 | 433,200 | |
Oshkosh Corp. | 67,660 | 7,752,483 | |
Otis Worldwide Corp. | 395,784 | 36,499,200 | |
PACCAR, Inc. | 342,578 | 28,046,861 | |
Park-Ohio Holdings Corp. | 8,433 | 217,403 | |
Parker Hannifin Corp. | 126,509 | 37,531,425 | |
Pentair PLC | 162,935 | 12,572,065 | |
Proto Labs, Inc. (a)(b) | 27,062 | 2,006,918 | |
RBC Bearings, Inc. (a) | 24,759 | 5,732,204 | |
REV Group, Inc. | 26,105 | 424,467 | |
Rexnord Corp. (b) | 117,735 | 7,153,579 | |
Snap-On, Inc. | 52,964 | 11,914,252 | |
SPX Corp. (a) | 44,185 | 2,760,679 | |
SPX Flow, Inc. | 41,225 | 3,319,849 | |
Standex International Corp. | 11,649 | 1,156,047 | |
Stanley Black & Decker, Inc. | 158,513 | 30,635,808 | |
Tennant Co. (b) | 19,867 | 1,469,761 | |
Terex Corp. | 69,041 | 3,524,543 | |
The Greenbrier Companies, Inc. (b) | 33,186 | 1,463,503 | |
The L.S. Starrett Co. Class A (a) | 3,688 | 27,254 | |
The Shyft Group, Inc. | 31,407 | 1,382,222 | |
Timken Co. | 66,665 | 4,902,544 | |
Titan International, Inc. (a) | 49,178 | 408,669 | |
Toro Co. | 105,316 | 11,578,441 | |
TriMas Corp. (a) | 41,771 | 1,341,267 | |
Trinity Industries, Inc. (b) | 78,027 | 2,265,124 | |
Twin Disc, Inc. (a) | 9,758 | 121,975 | |
Urban-Gro, Inc. (a)(b) | 7,927 | 121,283 | |
Wabash National Corp. | 50,849 | 790,193 | |
Watts Water Technologies, Inc. Class A (b) | 26,877 | 4,611,287 | |
Welbilt, Inc. (a) | 127,196 | 2,976,386 | |
Westinghouse Air Brake Tech Co. | 174,439 | 15,662,878 | |
Woodward, Inc. | 57,697 | 6,977,875 | |
Xylem, Inc. | 177,000 | 24,126,870 | |
848,930,448 | |||
Marine - 0.0% | |||
Eagle Bulk Shipping, Inc. (a) | 12,537 | 619,202 | |
Genco Shipping & Trading Ltd. | 29,630 | 577,489 | |
Kirby Corp. (a) | 58,664 | 3,143,804 | |
Matson, Inc. | 42,486 | 3,363,617 | |
Pangaea Logistics Solutions Ltd. | 11,688 | 57,271 | |
7,761,383 | |||
Professional Services - 0.7% | |||
Acacia Research Corp. (a) | 45,627 | 277,868 | |
ASGN, Inc. (a) | 52,690 | 5,911,291 | |
Atlas Technical Consultants, Inc. (a) | 15,650 | 158,378 | |
Barrett Business Services, Inc. | 8,400 | 651,000 | |
BGSF, Inc. | 8,305 | 109,128 | |
Booz Allen Hamilton Holding Corp. Class A | 132,798 | 10,877,484 | |
CACI International, Inc. Class A (a) | 22,990 | 5,920,845 | |
CBIZ, Inc. (a) | 52,907 | 1,804,658 | |
Clarivate Analytics PLC (a) | 257,352 | 6,482,697 | |
CoStar Group, Inc. (a) | 387,931 | 32,873,273 | |
CRA International, Inc. | 7,078 | 658,183 | |
DLH Holdings Corp. (a) | 7,991 | 93,495 | |
Dun & Bradstreet Holdings, Inc. (a) | 134,785 | 2,470,609 | |
Equifax, Inc. | 119,500 | 32,535,070 | |
Exponent, Inc. | 51,740 | 6,048,406 | |
Forrester Research, Inc. (a) | 11,659 | 554,385 | |
Franklin Covey Co. (a) | 9,594 | 417,051 | |
FTI Consulting, Inc. (a) | 33,758 | 4,716,330 | |
Gee Group, Inc. (a)(b) | 101,271 | 52,924 | |
GP Strategies Corp. (a) | 14,020 | 289,934 | |
Heidrick & Struggles International, Inc. | 18,777 | 811,542 | |
Hill International, Inc. (a) | 42,165 | 105,413 | |
Hirequest, Inc. (b) | 4,204 | 77,984 | |
Hudson Global, Inc. (a) | 1,810 | 31,042 | |
Huron Consulting Group, Inc. (a) | 21,947 | 1,083,523 | |
ICF International, Inc. | 16,369 | 1,533,121 | |
IHS Markit Ltd. | 367,468 | 44,316,641 | |
Insperity, Inc. | 35,698 | 3,938,917 | |
Jacobs Engineering Group, Inc. | 127,879 | 17,258,550 | |
KBR, Inc. | 138,092 | 5,377,302 | |
Kelly Services, Inc. Class A (non-vtg.) | 31,486 | 612,088 | |
Kforce, Inc. | 20,325 | 1,187,387 | |
Korn Ferry | 53,677 | 3,794,427 | |
Leidos Holdings, Inc. | 130,420 | 12,795,506 | |
Manpower, Inc. | 53,765 | 6,528,146 | |
ManTech International Corp. Class A | 26,739 | 2,116,927 | |
Mastech Digital, Inc. (a) | 2,724 | 47,507 | |
MISTRAS Group, Inc. (a) | 16,633 | 176,476 | |
Nielsen Holdings PLC | 349,543 | 7,501,193 | |
RCM Technologies, Inc. (a) | 5,692 | 29,257 | |
Red Violet, Inc. (a)(b) | 6,805 | 194,963 | |
Rekor Systems, Inc. (a)(b) | 30,082 | 328,495 | |
Resources Connection, Inc. | 34,824 | 550,219 | |
Robert Half International, Inc. | 110,610 | 11,437,074 | |
Science Applications Internati | 56,540 | 4,762,364 | |
ShiftPixy, Inc. (a)(b) | 5,683 | 8,354 | |
Staffing 360 Solutions, Inc. (a)(b) | 8,472 | 17,452 | |
TransUnion Holding Co., Inc. | 188,087 | 22,858,213 | |
TriNet Group, Inc. (a) | 38,825 | 3,575,006 | |
TrueBlue, Inc. (a) | 37,015 | 1,011,620 | |
Upwork, Inc. (a) | 90,056 | 4,026,404 | |
Verisk Analytics, Inc. | 159,118 | 32,103,648 | |
Volt Information Sciences, Inc. (a) | 16,498 | 69,127 | |
Willdan Group, Inc. (a) | 12,630 | 477,540 | |
303,646,437 | |||
Road & Rail - 1.0% | |||
AMERCO | 8,848 | 5,849,855 | |
ArcBest Corp. | 24,796 | 1,654,637 | |
Avis Budget Group, Inc. (a) | 50,955 | 4,624,166 | |
Covenant Transport Group, Inc. Class A (a) | 10,257 | 249,861 | |
CSX Corp. | 2,229,539 | 72,526,904 | |
Daseke, Inc. (a)(b) | 59,993 | 566,934 | |
Heartland Express, Inc. (b) | 46,160 | 774,565 | |
HyreCar, Inc. (a) | 17,022 | 191,327 | |
J.B. Hunt Transport Services, Inc. | 81,920 | 14,532,608 | |
Kansas City Southern | 89,648 | 25,161,504 | |
Knight-Swift Transportation Holdings, Inc. Class A | 119,612 | 6,211,451 | |
Landstar System, Inc. | 37,496 | 6,300,453 | |
Lyft, Inc. (a) | 253,836 | 12,085,132 | |
Marten Transport Ltd. | 56,455 | 880,133 | |
Norfolk Southern Corp. | 245,498 | 62,243,563 | |
Old Dominion Freight Lines, Inc. | 93,429 | 26,974,821 | |
P.A.M. Transportation Services, Inc. | 3,346 | 117,010 | |
Patriot Transportation Holding, Inc. | 2,215 | 27,156 | |
Ryder System, Inc. | 53,263 | 4,233,876 | |
Saia, Inc. (a) | 25,967 | 6,235,456 | |
Schneider National, Inc. Class B | 38,486 | 867,474 | |
TuSimple Holdings, Inc. (a)(b) | 32,526 | 1,361,538 | |
U.S. Xpress Enterprises, Inc. (a) | 17,801 | 155,581 | |
U.S.A. Truck, Inc. (a) | 5,140 | 74,530 | |
Uber Technologies, Inc. (a) | 1,451,311 | 56,804,313 | |
Union Pacific Corp. | 651,754 | 141,326,337 | |
Universal Logistics Holdings, Inc. | 9,985 | 218,372 | |
Werner Enterprises, Inc. | 56,542 | 2,666,521 | |
XPO Logistics, Inc. (a) | 99,739 | 8,668,316 | |
Yellow Corp. (a) | 44,369 | 270,207 | |
463,854,601 | |||
Trading Companies & Distributors - 0.3% | |||
Air Lease Corp. Class A | 104,879 | 4,167,891 | |
Alta Equipment Group, Inc. (a) | 23,308 | 309,064 | |
Applied Industrial Technologies, Inc. | 37,913 | 3,367,054 | |
Beacon Roofing Supply, Inc. (a) | 54,453 | 2,803,240 | |
BlueLinx Corp. (a) | 9,236 | 531,624 | |
Boise Cascade Co. | 38,696 | 2,238,564 | |
CAI International, Inc. | 15,578 | 871,901 | |
Custom Truck One Source, Inc. Class A (a) | 15,265 | 130,821 | |
DXP Enterprises, Inc. (a) | 17,971 | 538,771 | |
EVI Industries, Inc. (a)(b) | 4,739 | 115,252 | |
Fastenal Co. | 563,970 | 31,497,725 | |
GATX Corp. (b) | 34,357 | 3,149,850 | |
Global Industrial Co. | 15,762 | 606,679 | |
GMS, Inc. (a) | 42,149 | 2,082,582 | |
H&E Equipment Services, Inc. | 30,618 | 1,042,543 | |
Herc Holdings, Inc. (a) | 24,660 | 3,241,557 | |
Hudson Technologies, Inc. (a) | 37,881 | 123,492 | |
Huttig Building Products, Inc. (a) | 18,556 | 108,738 | |
India Globalization Capital, Inc. (a)(b) | 31,935 | 52,054 | |
Karat Packaging, Inc. (a) | 3,720 | 87,308 | |
Lawson Products, Inc. (a)(b) | 8,886 | 468,737 | |
McGrath RentCorp. | 23,879 | 1,666,277 | |
MRC Global, Inc. (a) | 56,138 | 460,332 | |
MSC Industrial Direct Co., Inc. Class A | 45,800 | 3,856,818 | |
NOW, Inc. (a) | 106,998 | 821,745 | |
Rush Enterprises, Inc.: | |||
Class A | 48,205 | 2,125,841 | |
Class B | 44 | 1,865 | |
SiteOne Landscape Supply, Inc. (a) | 43,657 | 8,735,766 | |
Titan Machinery, Inc. (a) | 18,668 | 536,145 | |
Transcat, Inc. (a) | 6,657 | 451,078 | |
Triton International Ltd. | 65,838 | 3,602,655 | |
United Rentals, Inc. (a) | 71,026 | 25,047,319 | |
Univar, Inc. (a) | 166,306 | 3,926,485 | |
Veritiv Corp. (a) | 11,950 | 1,071,557 | |
W.W. Grainger, Inc. | 43,040 | 18,666,448 | |
Watsco, Inc. | 32,393 | 9,018,859 | |
WESCO International, Inc. (a) | 43,577 | 5,099,381 | |
Willis Lease Finance Corp. (a) | 2,781 | 104,705 | |
142,728,723 | |||
Transportation Infrastructure - 0.0% | |||
Macquarie Infrastructure Co. LLC (a) | 70,383 | 2,804,763 | |
TOTAL INDUSTRIALS | 4,138,150,534 | ||
INFORMATION TECHNOLOGY - 27.0% | |||
Communications Equipment - 0.8% | |||
ADTRAN, Inc. | 46,715 | 965,132 | |
Applied Optoelectronics, Inc. (a)(b) | 25,282 | 185,317 | |
Arista Networks, Inc. (a) | 54,020 | 19,962,011 | |
Aviat Networks, Inc. (a) | 8,853 | 313,750 | |
BK Technologies Corp. | 2,781 | 9,010 | |
Blonder Tongue Laboratories, Inc. (a)(b) | 989 | 1,207 | |
CalAmp Corp. (a) | 33,347 | 378,155 | |
Calix, Inc. (a) | 55,341 | 2,578,891 | |
Cambium Networks Corp. (a) | 5,374 | 201,364 | |
Casa Systems, Inc. (a) | 33,856 | 238,346 | |
Ciena Corp. (a) | 152,392 | 8,706,155 | |
Cisco Systems, Inc. | 4,136,519 | 244,137,351 | |
Clearfield, Inc. (a) | 11,056 | 500,947 | |
ClearOne, Inc. (a) | 9,941 | 25,847 | |
CommScope Holding Co., Inc. (a) | 201,445 | 3,182,831 | |
Communications Systems, Inc. (a)(b) | 5,307 | 36,088 | |
COMSovereign Holding Corp. (b) | 35,412 | 73,657 | |
Comtech Telecommunications Corp. | 25,063 | 639,608 | |
Digi International, Inc. (a) | 34,289 | 753,672 | |
DZS, Inc. (a) | 14,502 | 200,273 | |
EchoStar Holding Corp. Class A (a)(b) | 43,990 | 1,187,730 | |
EMCORE Corp. (a) | 32,790 | 245,269 | |
Extreme Networks, Inc. (a) | 122,626 | 1,328,040 | |
F5 Networks, Inc. (a) | 58,522 | 11,913,324 | |
Franklin Wireless Corp. (a) | 6,625 | 53,000 | |
Genasys, Inc. (a) | 32,420 | 172,799 | |
Harmonic, Inc. (a)(b) | 99,188 | 916,497 | |
Infinera Corp. (a)(b) | 207,831 | 1,760,329 | |
Inseego Corp. (a)(b) | 64,284 | 539,986 | |
Juniper Networks, Inc. | 319,779 | 9,267,195 | |
KVH Industries, Inc. (a) | 13,247 | 140,021 | |
Lantronix, Inc. (a) | 14,398 | 92,435 | |
Lumentum Holdings, Inc. (a) | 74,636 | 6,466,463 | |
Motorola Solutions, Inc. | 166,652 | 40,699,751 | |
NETGEAR, Inc. (a)(b) | 29,412 | 1,050,891 | |
NetScout Systems, Inc. (a) | 73,552 | 2,016,796 | |
Network-1 Security Solutions, Inc. | 6,331 | 19,689 | |
Ondas Holdings, Inc. (b) | 19,173 | 137,087 | |
Optical Cable Corp. (a) | 2,399 | 8,397 | |
PC-Tel, Inc. | 14,183 | 94,033 | |
Plantronics, Inc. (a) | 37,206 | 1,107,995 | |
Resonant, Inc. (a)(b) | 44,988 | 123,717 | |
Ribbon Communications, Inc. (a) | 117,971 | 770,351 | |
Tessco Technologies, Inc. (a) | 4,410 | 27,210 | |
Ubiquiti, Inc. | 7,355 | 2,393,023 | |
ViaSat, Inc. (a) | 66,525 | 3,435,351 | |
Viavi Solutions, Inc. (a) | 223,227 | 3,636,368 | |
Vislink Technologies, Inc. (a)(b) | 42,158 | 90,218 | |
Westell Technologies, Inc. Class A (a) | 5,599 | 4,843 | |
372,788,420 | |||
Electronic Equipment & Components - 0.8% | |||
908 Devices, Inc. | 6,568 | 236,448 | |
Advanced Energy Industries, Inc. | 37,967 | 3,423,864 | |
Aeva Technologies, Inc. (a)(b) | 88,229 | 865,526 | |
Airgain, Inc. (a) | 8,945 | 127,287 | |
Akoustis Technologies, Inc. (a) | 41,720 | 413,862 | |
Amphenol Corp. Class A | 586,916 | 44,975,373 | |
AmpliTech Group, Inc. (a) | 3,837 | 14,274 | |
Arlo Technologies, Inc. (a) | 78,326 | 485,621 | |
Arrow Electronics, Inc. (a) | 72,619 | 8,802,875 | |
Autoscope Technologies Corp. | 2,186 | 16,504 | |
Avnet, Inc. | 97,411 | 3,941,249 | |
Badger Meter, Inc. (b) | 29,377 | 3,145,983 | |
Bel Fuse, Inc. Class B (non-vtg.) | 11,150 | 157,438 | |
Belden, Inc. (b) | 43,632 | 2,497,932 | |
Benchmark Electronics, Inc. | 34,487 | 932,184 | |
CDW Corp. | 137,698 | 27,623,596 | |
Cemtrex, Inc. (a) | 25,205 | 31,254 | |
ClearSign Combustion Corp. (a)(b) | 30,692 | 96,373 | |
Coda Octopus Group, Inc. (a)(b) | 2,455 | 22,365 | |
Cognex Corp. | 173,887 | 15,409,866 | |
Coherent, Inc. (a) | 23,995 | 6,062,817 | |
Corning, Inc. | 761,079 | 30,435,549 | |
CPS Technologies Corp. (a) | 7,933 | 46,329 | |
CTS Corp. | 33,143 | 1,162,656 | |
Daktronics, Inc. (a) | 33,965 | 206,847 | |
Data I/O Corp. (a) | 4,118 | 23,184 | |
Digital Ally, Inc. (a)(b) | 36,367 | 50,550 | |
eMagin Corp. (a) | 64,754 | 167,065 | |
ePlus, Inc. (a) | 13,914 | 1,505,773 | |
Fabrinet (a) | 36,078 | 3,716,756 | |
FARO Technologies, Inc. (a) | 17,643 | 1,216,308 | |
Frequency Electronics, Inc. (a) | 2,027 | 21,993 | |
Identiv, Inc. (a) | 21,736 | 386,031 | |
IEC Electronics Corp. (a) | 10,084 | 153,983 | |
II-VI, Inc. (a) | 102,702 | 6,468,172 | |
Insight Enterprises, Inc. (a) | 34,587 | 3,558,656 | |
Intellicheck, Inc. (a)(b) | 16,349 | 144,198 | |
Interlink Electronics, Inc. (a)(b) | 936 | 9,173 | |
IPG Photonics Corp. (a) | 35,102 | 5,991,209 | |
Iteris, Inc. (a) | 37,767 | 215,272 | |
Itron, Inc. (a) | 44,843 | 3,767,260 | |
Jabil, Inc. | 131,828 | 8,144,334 | |
KEY Tronic Corp. (a) | 5,878 | 40,970 | |
Keysight Technologies, Inc. (a) | 180,949 | 32,458,632 | |
Kimball Electronics, Inc. (a) | 24,142 | 583,512 | |
Knowles Corp. (a) | 90,841 | 1,816,820 | |
LGL Group, Inc. (a) | 2,530 | 28,235 | |
LGL Group, Inc. warrants 11/16/25 (a) | 2,530 | 1,366 | |
LightPath Technologies, Inc. Class A (a) | 20,018 | 45,641 | |
Littelfuse, Inc. | 24,398 | 6,963,189 | |
Luna Innovations, Inc. (a)(b) | 28,680 | 308,884 | |
Mechanical Technology, Inc. (a) | 7,297 | 72,751 | |
Methode Electronics, Inc. Class A | 37,472 | 1,745,071 | |
MicroVision, Inc. (a) | 154,545 | 2,276,448 | |
MICT, Inc. (a) | 97,706 | 174,894 | |
Napco Security Technolgies, Inc. (a) | 11,327 | 443,226 | |
National Instruments Corp. | 128,614 | 5,378,637 | |
Neonode, Inc. (a)(b) | 5,879 | 28,631 | |
nLIGHT, Inc. (a) | 36,733 | 1,014,198 | |
Nortech Systems, Inc. (a) | 833 | 10,521 | |
Novanta, Inc. (a) | 34,588 | 5,299,573 | |
OSI Systems, Inc. (a) | 17,309 | 1,712,552 | |
Ouster, Inc. (a)(b) | 69,741 | 585,824 | |
Par Technology Corp. (a)(b) | 23,802 | 1,616,870 | |
PC Connection, Inc. | 10,689 | 517,454 | |
Plexus Corp. (a) | 27,839 | 2,556,455 | |
Powerfleet, Inc. (a) | 35,724 | 254,355 | |
Red Cat Holdings, Inc. | 12,358 | 34,479 | |
Research Frontiers, Inc. (a)(b) | 20,807 | 47,648 | |
RF Industries Ltd. (a) | 7,213 | 60,589 | |
Richardson Electronics Ltd. | 8,306 | 73,508 | |
Rogers Corp. (a) | 18,297 | 3,886,466 | |
Sanmina Corp. (a) | 63,473 | 2,505,914 | |
ScanSource, Inc. (a) | 24,577 | 874,450 | |
Sigmatron International, Inc. (a) | 1,693 | 10,310 | |
SYNNEX Corp. | 40,695 | 5,171,114 | |
TE Connectivity Ltd. | 324,414 | 48,733,471 | |
Trimble, Inc. (a) | 247,060 | 23,277,993 | |
TTM Technologies, Inc. (a) | 96,792 | 1,355,088 | |
Universal Security Instruments, Inc. (a) | 1,618 | 10,258 | |
Velodyne Lidar, Inc. (a)(b) | 55,893 | 368,894 | |
Vishay Intertechnology, Inc. | 129,483 | 2,844,742 | |
Vishay Precision Group, Inc. (a) | 12,626 | 471,834 | |
Vontier Corp. | 165,701 | 6,026,545 | |
Wayside Technology Group, Inc. | 3,322 | 90,491 | |
Wireless Telecom Group, Inc. (a) | 21,142 | 47,781 | |
Wrap Technologies, Inc. (a)(b) | 22,749 | 169,935 | |
Zebra Technologies Corp. Class A (a) | 52,577 | 30,871,637 | |
379,541,845 | |||
IT Services - 4.9% | |||
Accenture PLC Class A | 623,778 | 209,938,724 | |
Affirm Holdings, Inc. (b) | 49,075 | 4,727,886 | |
Akamai Technologies, Inc. (a) | 160,242 | 18,147,407 | |
Alliance Data Systems Corp. | 48,456 | 4,754,018 | |
American Virtual Cloud Technologies, Inc. (a)(b) | 4,315 | 17,950 | |
Automatic Data Processing, Inc. | 417,536 | 87,281,725 | |
BigCommerce Holdings, Inc. (a)(b) | 12,136 | 722,577 | |
BM Technologies, Inc. (a)(b) | 13,459 | 131,091 | |
Brightcove, Inc. (a) | 40,567 | 460,841 | |
Broadridge Financial Solutions, Inc. | 113,823 | 19,602,597 | |
Cantaloupe, Inc. (a) | 58,944 | 603,587 | |
Cass Information Systems, Inc. (b) | 11,340 | 511,207 | |
Cognizant Technology Solutions Corp. Class A | 517,322 | 39,476,842 | |
Computer Task Group, Inc. (a) | 12,960 | 111,456 | |
Concentrix Corp. (a) | 40,903 | 7,092,171 | |
Conduent, Inc. (a) | 168,380 | 1,229,174 | |
Crexendo, Inc. (a)(b) | 4,773 | 28,161 | |
CSG Systems International, Inc. | 32,738 | 1,578,299 | |
CSP, Inc. (a) | 1,089 | 10,106 | |
Digitalocean Holdings, Inc. (a) | 16,795 | 1,035,916 | |
DXC Technology Co. (a) | 250,012 | 9,180,441 | |
EPAM Systems, Inc. (a) | 55,366 | 35,036,158 | |
Euronet Worldwide, Inc. (a) | 52,019 | 6,930,491 | |
EVERTEC, Inc. | 59,968 | 2,773,520 | |
EVO Payments, Inc. Class A (a) | 45,934 | 1,168,561 | |
Exela Technologies, Inc. (a) | 36,615 | 94,833 | |
ExlService Holdings, Inc. (a) | 33,182 | 4,086,031 | |
Fastly, Inc. Class A (a)(b) | 84,795 | 3,697,062 | |
Fidelity National Information Services, Inc. | 608,640 | 77,765,933 | |
Fiserv, Inc. (a) | 584,229 | 68,816,334 | |
FleetCor Technologies, Inc. (a) | 82,205 | 21,642,932 | |
Gartner, Inc. (a) | 84,425 | 26,065,375 | |
Genpact Ltd. | 170,916 | 8,867,122 | |
Global Payments, Inc. | 291,714 | 47,444,365 | |
GoDaddy, Inc. (a) | 164,491 | 12,058,835 | |
GreenBox POS (a) | 18,089 | 176,368 | |
GreenSky, Inc. Class A (a) | 49,586 | 394,209 | |
Grid Dynamics Holdings, Inc. (a) | 24,695 | 661,085 | |
Hackett Group, Inc. (b) | 25,288 | 495,645 | |
i3 Verticals, Inc. Class A (a) | 21,263 | 614,713 | |
IBM Corp. | 876,725 | 123,039,587 | |
Information Services Group, Inc. | 31,896 | 230,608 | |
Innodata, Inc. (a) | 21,276 | 175,740 | |
Inpixon (a)(b) | 114,375 | 117,806 | |
International Money Express, Inc. (a) | 28,263 | 515,517 | |
Jack Henry & Associates, Inc. | 72,778 | 12,836,584 | |
Limelight Networks, Inc. (a) | 121,523 | 328,112 | |
Liveramp Holdings, Inc. (a) | 67,619 | 3,313,331 | |
MasterCard, Inc. Class A | 858,694 | 297,305,624 | |
Maximus, Inc. | 60,457 | 5,265,200 | |
MoneyGram International, Inc. (a) | 67,850 | 609,972 | |
MongoDB, Inc. Class A (a) | 52,816 | 20,694,893 | |
Okta, Inc. (a) | 123,488 | 32,551,437 | |
Paya Holdings, Inc. (a)(b) | 58,678 | 566,243 | |
Paychex, Inc. | 314,580 | 36,009,973 | |
PayPal Holdings, Inc. (a) | 1,153,268 | 332,902,341 | |
Paysign, Inc. (a) | 30,038 | 74,795 | |
Perficient, Inc. (a) | 32,943 | 3,927,464 | |
PFSweb, Inc. (a) | 15,590 | 207,347 | |
Priority Technology Holdings, Inc. (a) | 7,215 | 43,506 | |
Rackspace Technology, Inc. (a)(b) | 35,701 | 498,743 | |
Repay Holdings Corp. (a) | 75,729 | 1,742,524 | |
Research Solutions, Inc. (a) | 20,127 | 53,337 | |
Sabre Corp. (a)(b) | 311,326 | 3,496,191 | |
ServiceSource International, Inc. (a) | 82,796 | 124,194 | |
Shift4 Payments, Inc. (a) | 38,017 | 3,258,437 | |
Snowflake Computing, Inc. | 61,373 | 18,678,873 | |
SolarWinds, Inc. (b) | 35,490 | 605,814 | |
Square, Inc. (a) | 384,766 | 103,144,222 | |
StarTek, Inc. (a) | 9,134 | 55,443 | |
Steel Connect, Inc. (a) | 35,785 | 64,771 | |
Switch, Inc. Class A | 88,169 | 2,187,473 | |
The Western Union Co. | 398,326 | 8,619,775 | |
Ttec Holdings, Inc. | 17,860 | 1,883,516 | |
Tucows, Inc. (a)(b) | 9,813 | 727,241 | |
Twilio, Inc. Class A (a) | 159,405 | 56,901,209 | |
Unisys Corp. (a) | 64,942 | 1,572,246 | |
Usio, Inc. (a) | 14,314 | 89,749 | |
VeriSign, Inc. (a) | 97,118 | 21,002,739 | |
Verra Mobility Corp. (a) | 136,779 | 2,121,442 | |
Visa, Inc. Class A (b) | 1,660,522 | 380,425,590 | |
WEX, Inc. (a) | 43,926 | 8,063,496 | |
WidePoint Corp. (a) | 8,205 | 45,045 | |
2,211,509,898 | |||
Semiconductors & Semiconductor Equipment - 5.1% | |||
ACM Research, Inc. (a)(b) | 10,171 | 906,745 | |
Advanced Micro Devices, Inc. (a) | 1,192,336 | 132,015,442 | |
AEHR Test Systems (a)(b) | 18,714 | 139,606 | |
Allegro MicroSystems LLC (a) | 40,719 | 1,223,606 | |
Alpha & Omega Semiconductor Ltd. (a) | 20,473 | 594,741 | |
Ambarella, Inc. (a) | 35,701 | 3,697,553 | |
Amkor Technology, Inc. | 104,889 | 2,881,301 | |
Amtech Systems, Inc. (a) | 10,626 | 109,873 | |
Analog Devices, Inc. | 527,374 | 85,935,593 | |
Applied Materials, Inc. | 900,621 | 121,700,916 | |
Atomera, Inc. (a)(b) | 18,847 | 464,955 | |
Axcelis Technologies, Inc. (a) | 32,992 | 1,640,032 | |
AXT, Inc. (a) | 38,107 | 354,776 | |
Broadcom, Inc. | 400,762 | 199,262,874 | |
Brooks Automation, Inc. | 73,405 | 6,236,489 | |
CEVA, Inc. (a) | 22,573 | 1,089,147 | |
Cirrus Logic, Inc. (a) | 56,824 | 4,754,464 | |
CMC Materials, Inc. | 28,933 | 3,837,094 | |
Cohu, Inc. (a) | 47,326 | 1,688,592 | |
Cree, Inc. (a)(b) | 113,315 | 9,629,509 | |
CVD Equipment Corp. (a)(b) | 7,163 | 33,380 | |
CyberOptics Corp. (a) | 6,869 | 288,841 | |
Diodes, Inc. (a) | 42,399 | 4,105,495 | |
DSP Group, Inc. (a) | 21,479 | 470,390 | |
Enphase Energy, Inc. (a) | 133,707 | 23,228,917 | |
Entegris, Inc. | 133,130 | 15,994,238 | |
Everspin Technologies, Inc. (a) | 11,528 | 84,154 | |
First Solar, Inc. (a) | 83,283 | 7,828,602 | |
FormFactor, Inc. (a) | 77,853 | 3,026,925 | |
GSI Technology, Inc. (a) | 13,332 | 74,659 | |
Ichor Holdings Ltd. (a) | 28,344 | 1,255,923 | |
Impinj, Inc. (a) | 22,241 | 1,296,428 | |
Intel Corp. | 3,964,128 | 214,300,760 | |
Intest Corp. (a) | 11,163 | 140,654 | |
KLA Corp. | 150,468 | 51,153,101 | |
Kopin Corp. (a) | 72,550 | 426,594 | |
Kulicke & Soffa Industries, Inc. | 61,038 | 4,284,257 | |
Lam Research Corp. | 139,969 | 84,656,051 | |
Lattice Semiconductor Corp. (a) | 134,624 | 8,362,843 | |
MACOM Technology Solutions Holdings, Inc. (a) | 46,744 | 2,837,828 | |
Marvell Technology, Inc. | 804,362 | 49,218,911 | |
MaxLinear, Inc. Class A (a) | 67,926 | 3,547,775 | |
Microchip Technology, Inc. | 268,551 | 42,259,185 | |
Micron Technology, Inc. | 1,100,331 | 81,094,395 | |
MKS Instruments, Inc. | 54,454 | 8,014,540 | |
Monolithic Power Systems, Inc. | 42,228 | 20,899,904 | |
MoSys, Inc. (a)(b) | 5,952 | 36,664 | |
NeoPhotonics Corp. (a) | 49,675 | 463,965 | |
NVE Corp. (b) | 4,736 | 332,515 | |
NVIDIA Corp. | 2,446,566 | 547,663,799 | |
NXP Semiconductors NV | 270,577 | 58,209,230 | |
ON Semiconductor Corp. (a) | 422,436 | 18,739,261 | |
Onto Innovation, Inc. (a) | 48,911 | 3,625,772 | |
PDF Solutions, Inc. (a) | 27,608 | 621,732 | |
Photronics, Inc. (a) | 61,065 | 920,250 | |
Pixelworks, Inc. (a) | 45,731 | 354,415 | |
Power Integrations, Inc. | 60,021 | 6,520,681 | |
Qorvo, Inc. (a) | 110,598 | 20,795,742 | |
Qualcomm, Inc. | 1,107,133 | 162,405,340 | |
QuickLogic Corp. (a) | 10,553 | 64,268 | |
Rambus, Inc. (a) | 113,018 | 2,689,828 | |
Rubicon Technology, Inc. (a) | 738 | 7,011 | |
Semtech Corp. (a) | 64,767 | 4,528,509 | |
Silicon Laboratories, Inc. (a) | 44,107 | 6,952,145 | |
SiTime Corp. (a) | 12,464 | 2,652,838 | |
SkyWater Technology, Inc. (a)(b) | 6,939 | 231,624 | |
Skyworks Solutions, Inc. | 162,035 | 29,726,941 | |
SMART Global Holdings, Inc. (a) | 16,657 | 807,198 | |
SolarEdge Technologies, Inc. (a) | 51,325 | 14,872,959 | |
Summit Wireless Technologies, Inc. (a)(b) | 14,292 | 47,878 | |
SunPower Corp. (a)(b) | 79,174 | 1,706,200 | |
Synaptics, Inc. (a) | 34,483 | 6,544,184 | |
Teradyne, Inc. | 163,377 | 19,840,503 | |
Texas Instruments, Inc. | 906,286 | 173,019,060 | |
Ultra Clean Holdings, Inc. (a) | 42,765 | 1,977,454 | |
Universal Display Corp. | 42,189 | 8,800,204 | |
Veeco Instruments, Inc. (a) | 52,158 | 1,188,681 | |
Xilinx, Inc. | 241,336 | 37,549,468 | |
2,340,944,377 | |||
Software - 9.9% | |||
8x8, Inc. (a) | 108,094 | 2,610,470 | |
A10 Networks, Inc. (a) | 59,212 | 822,455 | |
ACI Worldwide, Inc. (a) | 116,505 | 3,754,956 | |
Adobe, Inc. (a) | 468,953 | 311,244,106 | |
Agilysys, Inc. (a) | 19,975 | 1,135,179 | |
Alarm.com Holdings, Inc. (a) | 44,758 | 3,774,442 | |
Alfi, Inc. (b) | 3,888 | 34,603 | |
Altair Engineering, Inc. Class A (a) | 44,587 | 3,298,992 | |
Alteryx, Inc. Class A (a) | 57,841 | 4,278,499 | |
American Software, Inc. Class A | 31,608 | 801,895 | |
Anaplan, Inc. (a) | 142,244 | 8,531,795 | |
ANSYS, Inc. (a) | 85,506 | 31,240,472 | |
AppFolio, Inc. (a) | 17,173 | 2,028,131 | |
Appian Corp. Class A (a)(b) | 38,633 | 4,141,458 | |
AppLovin Corp. (a)(b) | 25,374 | 1,786,330 | |
Asana, Inc. (a) | 27,299 | 2,062,439 | |
Aspen Technology, Inc. (a) | 66,624 | 8,627,808 | |
Asure Software, Inc. (a) | 15,130 | 136,927 | |
Auddia, Inc. (a)(b) | 3,096 | 9,257 | |
AudioEye, Inc. (a)(b) | 4,634 | 60,427 | |
Autodesk, Inc. (a) | 215,822 | 66,924,244 | |
Avalara, Inc. (a) | 84,286 | 15,146,194 | |
Avaya Holdings Corp. (a) | 73,827 | 1,489,091 | |
Aware, Inc. (a) | 5,680 | 23,231 | |
Benefitfocus, Inc. (a) | 28,296 | 341,533 | |
Bill.Com Holdings, Inc. (a) | 61,819 | 16,962,515 | |
Bio-Key International, Inc. (a)(b) | 11,210 | 35,424 | |
Black Knight, Inc. (a) | 153,088 | 11,584,169 | |
Blackbaud, Inc. (a) | 48,475 | 3,378,223 | |
BlackLine, Inc. (a) | 50,599 | 5,520,351 | |
Bottomline Technologies, Inc. (a) | 39,395 | 1,665,227 | |
Box, Inc. Class A (a) | 136,608 | 3,521,754 | |
Bridgeline Digital, Inc. (a) | 6,040 | 31,106 | |
BSQUARE Corp. (a)(b) | 13,276 | 35,447 | |
BTRS Holdings, Inc. (a)(b) | 63,514 | 692,938 | |
C3.Ai, Inc. (b) | 16,097 | 829,639 | |
Cadence Design Systems, Inc. (a) | 272,985 | 44,627,588 | |
CDK Global, Inc. | 118,420 | 4,926,272 | |
Cerence, Inc. (a)(b) | 37,125 | 4,025,835 | |
Ceridian HCM Holding, Inc. (a) | 128,749 | 14,464,950 | |
ChannelAdvisor Corp. (a) | 29,511 | 756,072 | |
Citrix Systems, Inc. | 121,270 | 12,475,045 | |
Cleanspark, Inc. (a)(b) | 31,903 | 440,261 | |
Cloudera, Inc. (a) | 217,896 | 3,471,083 | |
Cloudflare, Inc. (a) | 189,912 | 22,929,975 | |
CommVault Systems, Inc. (a) | 45,274 | 3,665,836 | |
Cornerstone OnDemand, Inc. (a) | 60,717 | 3,479,084 | |
Coupa Software, Inc. (a) | 72,641 | 17,783,243 | |
Crowdstrike Holdings, Inc. (a) | 197,115 | 55,389,315 | |
Datadog, Inc. Class A (a) | 214,905 | 29,613,909 | |
Datto Holding Corp. (b) | 22,276 | 568,038 | |
Digimarc Corp. (a)(b) | 13,468 | 393,804 | |
Digital Turbine, Inc. (a) | 76,212 | 4,454,591 | |
DocuSign, Inc. (a) | 190,878 | 56,545,699 | |
Dolby Laboratories, Inc. Class A | 63,743 | 6,317,569 | |
Domo, Inc. Class B (a) | 27,940 | 2,500,630 | |
Dropbox, Inc. Class A (a) | 289,325 | 9,174,496 | |
Duck Creek Technologies, Inc. (a) | 32,252 | 1,503,911 | |
Dynatrace, Inc. (a) | 180,793 | 12,425,903 | |
E2open Parent Holdings, Inc. (a) | 122,502 | 1,462,674 | |
Ebix, Inc. (b) | 22,907 | 659,263 | |
eGain Communications Corp. (a) | 23,104 | 272,165 | |
Elastic NV (a) | 62,295 | 9,939,167 | |
Envestnet, Inc. (a) | 53,297 | 4,256,831 | |
Everbridge, Inc. (a) | 36,945 | 5,799,257 | |
Evolving Systems, Inc. (a) | 5,549 | 12,485 | |
Fair Isaac Corp. (a) | 28,121 | 12,928,349 | |
FireEye, Inc. (a) | 232,950 | 4,237,361 | |
Five9, Inc. (a) | 65,547 | 10,371,502 | |
Fortinet, Inc. (a) | 132,947 | 41,896,918 | |
GSE Systems, Inc. (a) | 36,520 | 43,094 | |
GTY Technology Holdings, Inc. (a) | 45,295 | 334,277 | |
Guidewire Software, Inc. (a) | 81,973 | 9,710,522 | |
HubSpot, Inc. (a) | 43,410 | 29,712,843 | |
Intelligent Systems Corp. (a)(b) | 6,574 | 253,691 | |
InterDigital, Inc. | 30,407 | 2,192,649 | |
Intrusion, Inc. (a)(b) | 13,138 | 59,121 | |
Intuit, Inc. | 268,040 | 151,740,124 | |
Inuvo, Inc. (a)(b) | 78,271 | 58,844 | |
Issuer Direct Corp. (a) | 3,190 | 83,738 | |
j2 Global, Inc. (a) | 41,348 | 5,693,620 | |
Jamf Holding Corp. (a)(b) | 36,287 | 1,275,488 | |
Kaspien Holdings, Inc. (a) | 43 | 849 | |
KnowBe4, Inc. (a) | 21,776 | 535,907 | |
LivePerson, Inc. (a) | 63,714 | 4,084,067 | |
Manhattan Associates, Inc. (a) | 62,368 | 10,165,360 | |
Marathon Digital Holdings, Inc. (a)(b) | 90,601 | 3,677,495 | |
Marin Software, Inc. (a)(b) | 8,780 | 58,475 | |
McAfee Corp. | 35,452 | 941,605 | |
Medallia, Inc. (a) | 85,849 | 2,899,121 | |
Microsoft Corp. | 7,394,273 | 2,232,183,133 | |
MicroStrategy, Inc. Class A (a)(b) | 7,616 | 5,287,789 | |
Mimecast Ltd. (a) | 58,095 | 4,055,612 | |
Mitek Systems, Inc. (a) | 42,812 | 957,704 | |
Model N, Inc. (a) | 30,801 | 1,044,462 | |
Momentive Global, Inc. (a) | 119,402 | 2,341,473 | |
N-able, Inc. (a)(b) | 35,559 | 481,113 | |
Net Element International, Inc. (a) | 3,917 | 42,852 | |
NetSol Technologies, Inc. (a) | 4,917 | 21,241 | |
New Relic, Inc. (a) | 54,194 | 4,333,894 | |
NortonLifeLock, Inc. | 567,920 | 15,083,955 | |
Nuance Communications, Inc. (a) | 279,669 | 15,395,778 | |
Nutanix, Inc. Class A (a) | 201,031 | 7,420,054 | |
NXT-ID, Inc. (a) | 36,413 | 25,489 | |
Oblong, Inc. (a) | 14,552 | 30,996 | |
Olo, Inc. (a) | 20,451 | 785,114 | |
ON24, Inc. (a) | 8,903 | 201,297 | |
Onespan, Inc. (a) | 34,622 | 667,166 | |
Oracle Corp. | 1,782,758 | 158,897,221 | |
Pagerduty, Inc. (a) | 57,453 | 2,458,988 | |
Palantir Technologies, Inc. (a) | 447,173 | 11,778,537 | |
Palo Alto Networks, Inc. (a) | 96,426 | 44,456,243 | |
Park City Group, Inc. (a) | 10,554 | 57,203 | |
Paycom Software, Inc. (a) | 48,204 | 23,566,936 | |
Paylocity Holding Corp. (a) | 36,902 | 9,934,018 | |
Pegasystems, Inc. | 39,073 | 5,377,617 | |
Phunware, Inc. (a)(b) | 57,108 | 63,390 | |
Ping Identity Holding Corp. (a) | 36,432 | 945,410 | |
Progress Software Corp. | 44,016 | 2,049,385 | |
Proofpoint, Inc. (a) | 56,106 | 9,874,656 | |
PROS Holdings, Inc. (a) | 39,637 | 1,713,904 | |
PTC, Inc. (a) | 103,057 | 13,568,485 | |
Q2 Holdings, Inc. (a) | 51,825 | 4,565,264 | |
QAD, Inc.: | |||
Class A | 11,029 | 959,633 | |
Class B | 1,267 | 109,659 | |
Qualtrics International, Inc. | 56,224 | 2,545,823 | |
Qualys, Inc. (a) | 33,069 | 3,881,639 | |
Qumu Corp. (a) | 12,633 | 37,015 | |
Rapid7, Inc. (a) | 53,914 | 6,551,629 | |
RealNetworks, Inc. (a) | 36,372 | 69,107 | |
Rimini Street, Inc. (a) | 32,257 | 308,054 | |
RingCentral, Inc. (a) | 79,911 | 20,158,349 | |
Riot Blockchain, Inc. (a)(b) | 82,405 | 3,075,355 | |
SailPoint Technologies Holding, Inc. (a) | 90,241 | 4,228,693 | |
Salesforce.com, Inc. (a) | 947,815 | 251,426,885 | |
SeaChange International, Inc. (a) | 31,744 | 33,966 | |
SecureWorks Corp. (a) | 8,362 | 171,087 | |
Semrush Holdings, Inc. | 10,977 | 291,110 | |
ServiceNow, Inc. (a) | 193,731 | 124,693,021 | |
SharpSpring, Inc. (a) | 10,771 | 184,184 | |
ShotSpotter, Inc. (a) | 7,909 | 315,015 | |
SilverSun Technologies, Inc. (A Shares) | 1,276 | 9,162 | |
Smartsheet, Inc. (a) | 115,256 | 9,170,920 | |
Smith Micro Software, Inc. (a) | 48,530 | 242,165 | |
Splunk, Inc. (a) | 162,209 | 24,796,890 | |
Sprout Social, Inc. (a) | 27,998 | 3,404,557 | |
SPS Commerce, Inc. (a) | 35,413 | 4,799,524 | |
SRAX, Inc. (a) | 18,304 | 102,319 | |
SS&C Technologies Holdings, Inc. | 217,745 | 16,474,587 | |
Sumo Logic, Inc. | 15,342 | 319,881 | |
Support.com, Inc. (a)(b) | 7,553 | 236,862 | |
Synchronoss Technologies, Inc. (a) | 33,831 | 89,652 | |
Synopsys, Inc. (a) | 149,626 | 49,711,742 | |
Telos Corp. | 24,097 | 795,201 | |
Tenable Holdings, Inc. (a) | 67,029 | 2,974,077 | |
Teradata Corp. (a) | 107,538 | 5,881,253 | |
The Trade Desk, Inc. (a) | 424,864 | 34,010,363 | |
Tyler Technologies, Inc. (a) | 39,896 | 19,377,487 | |
Upland Software, Inc. (a) | 26,208 | 1,021,588 | |
Varonis Systems, Inc. (a) | 104,111 | 7,184,700 | |
Verb Technology Co., Inc. (a)(b) | 52,436 | 109,067 | |
Verint Systems, Inc. (a) | 63,531 | 2,836,024 | |
Veritone, Inc. (a) | 26,228 | 547,378 | |
Vertex, Inc. Class A (a) | 26,000 | 538,200 | |
Viant Technology, Inc. | 11,130 | 153,038 | |
VirnetX Holding Corp. (a)(b) | 56,855 | 255,279 | |
VMware, Inc. Class A (a)(b) | 79,880 | 11,891,736 | |
Vonage Holdings Corp. (a) | 230,515 | 3,250,262 | |
Workday, Inc. Class A (a) | 185,384 | 50,639,493 | |
Workiva, Inc. (a) | 41,360 | 5,801,567 | |
Xperi Holding Corp. | 102,584 | 2,192,220 | |
Yext, Inc. (a) | 96,640 | 1,306,573 | |
Zendesk, Inc. (a) | 116,090 | 14,348,724 | |
Zix Corp. (a) | 54,389 | 420,971 | |
Zoom Video Communications, Inc. Class A (a) | 210,632 | 60,977,964 | |
Zscaler, Inc. (a) | 74,196 | 20,651,715 | |
Zuora, Inc. (a) | 102,753 | 1,744,746 | |
4,502,826,188 | |||
Technology Hardware, Storage & Peripherals - 5.5% | |||
3D Systems Corp. (a) | 122,387 | 3,725,460 | |
Apple, Inc. | 15,401,748 | 2,338,447,354 | |
Astro-Med, Inc. (a) | 5,791 | 90,687 | |
Avid Technology, Inc. (a) | 41,518 | 1,071,580 | |
Boxlight Corp. (a)(b) | 45,872 | 119,267 | |
Corsair Gaming, Inc. (b) | 20,888 | 604,708 | |
Dell Technologies, Inc. (a) | 245,335 | 23,910,349 | |
Diebold Nixdorf, Inc. (a) | 77,338 | 841,437 | |
Eastman Kodak Co. (a) | 61,722 | 449,336 | |
Hewlett Packard Enterprise Co. | 1,285,857 | 19,879,349 | |
HP, Inc. | 1,179,126 | 35,067,207 | |
Immersion Corp. (a)(b) | 19,099 | 143,243 | |
Intevac, Inc. (a) | 22,287 | 114,332 | |
Movano, Inc. (a)(b) | 2,476 | 9,656 | |
NCR Corp. (a) | 128,007 | 5,437,737 | |
NetApp, Inc. | 218,561 | 19,436,630 | |
One Stop Systems, Inc. (a) | 11,900 | 67,354 | |
Pure Storage, Inc. Class A (a) | 249,696 | 6,449,648 | |
Quantum Corp. (a) | 55,195 | 344,417 | |
Seagate Technology Holdings PLC | 195,634 | 17,135,582 | |
Socket Mobile, Inc. (a)(b) | 6,713 | 46,320 | |
Sonim Technologies, Inc. (a)(b) | 31,339 | 13,789 | |
Super Micro Computer, Inc. (a) | 41,947 | 1,532,743 | |
Transact Technologies, Inc. (a) | 10,404 | 146,176 | |
Turtle Beach Corp. (a)(b) | 15,559 | 442,031 | |
Western Digital Corp. (a) | 303,140 | 19,158,448 | |
Xerox Holdings Corp. | 157,434 | 3,543,839 | |
2,498,228,679 | |||
TOTAL INFORMATION TECHNOLOGY | 12,305,839,407 | ||
MATERIALS - 2.7% | |||
Chemicals - 1.7% | |||
Advanced Emissions Solutions, Inc. (a) | 16,728 | 113,918 | |
AdvanSix, Inc. (a) | 27,011 | 985,902 | |
AgroFresh Solutions, Inc. (a) | 16,647 | 34,459 | |
Air Products & Chemicals, Inc. | 217,271 | 58,556,707 | |
Albemarle Corp. U.S. | 115,167 | 27,264,636 | |
American Vanguard Corp. | 26,257 | 402,520 | |
Amyris, Inc. (a) | 182,480 | 2,746,324 | |
Ashland Global Holdings, Inc. | 53,511 | 4,875,387 | |
Avient Corp. | 91,163 | 4,748,681 | |
Axalta Coating Systems Ltd. (a) | 202,518 | 6,184,900 | |
Balchem Corp. | 31,714 | 4,453,280 | |
Cabot Corp. (b) | 56,857 | 3,036,164 | |
Celanese Corp. Class A | 110,319 | 17,496,593 | |
CF Industries Holdings, Inc. | 210,947 | 9,581,213 | |
Chase Corp. | 7,093 | 812,149 | |
Core Molding Technologies, Inc. (a) | 6,425 | 88,472 | |
Corteva, Inc. | 724,315 | 31,848,131 | |
Crown ElectroKinetics Corp. (a) | 10,703 | 33,179 | |
Danimer Scientific, Inc. (a)(b) | 60,829 | 1,188,599 | |
Diversey Holdings Ltd. (a) | 46,470 | 811,831 | |
Dow, Inc. | 733,330 | 46,126,457 | |
DuPont de Nemours, Inc. | 522,535 | 38,678,041 | |
Eastman Chemical Co. | 133,715 | 15,131,189 | |
Ecolab, Inc. | 244,270 | 55,048,687 | |
Ecovyst, Inc. | 49,945 | 649,784 | |
Element Solutions, Inc. | 214,950 | 4,885,814 | |
Ferro Corp. (a) | 79,990 | 1,663,792 | |
Flotek Industries, Inc. (a)(b) | 62,549 | 86,318 | |
FMC Corp. | 126,421 | 11,836,798 | |
FutureFuel Corp. | 24,504 | 196,277 | |
GCP Applied Technologies, Inc. (a) | 47,225 | 1,125,844 | |
H.B. Fuller Co. | 52,676 | 3,559,317 | |
Hawkins, Inc. | 18,462 | 699,341 | |
Huntsman Corp. | 194,214 | 5,133,076 | |
Ikonics Corp. (a) | 734 | 20,112 | |
Ingevity Corp. (a) | 40,022 | 3,217,369 | |
Innospec, Inc. | 24,013 | 2,247,617 | |
International Flavors & Fragrances, Inc. | 244,481 | 37,038,872 | |
Intrepid Potash, Inc. (a) | 9,754 | 302,472 | |
Koppers Holdings, Inc. (a) | 20,287 | 667,442 | |
Kraton Performance Polymers, Inc. (a) | 31,316 | 1,319,030 | |
Kronos Worldwide, Inc. (b) | 20,830 | 275,789 | |
Linde PLC | 510,632 | 160,639,721 | |
Livent Corp. (a)(b) | 156,362 | 3,888,723 | |
Loop Industries, Inc. (a)(b) | 23,641 | 214,424 | |
LSB Industries, Inc. (a) | 21,133 | 174,136 | |
LyondellBasell Industries NV Class A | 252,892 | 25,377,712 | |
Marrone Bio Innovations, Inc. (a) | 109,883 | 109,883 | |
Minerals Technologies, Inc. | 32,761 | 2,576,325 | |
NewMarket Corp. | 7,115 | 2,488,329 | |
Northern Technologies International Corp. | 7,022 | 117,057 | |
Olin Corp. | 140,848 | 7,019,864 | |
Orion Engineered Carbons SA (a) | 58,158 | 1,027,652 | |
PPG Industries, Inc. | 232,795 | 37,142,442 | |
PureCycle Technologies, Inc. (a)(b) | 72,371 | 1,064,577 | |
Quaker Chemical Corp. (b) | 12,965 | 3,359,491 | |
Rayonier Advanced Materials, Inc. (a) | 62,173 | 438,941 | |
RPM International, Inc. | 127,496 | 10,491,646 | |
Sensient Technologies Corp. | 41,285 | 3,585,602 | |
Sherwin-Williams Co. | 234,900 | 71,332,083 | |
Stepan Co. | 20,860 | 2,452,302 | |
The Chemours Co. LLC | 162,945 | 5,460,287 | |
The Mosaic Co. | 339,148 | 10,913,783 | |
The Scotts Miracle-Gro Co. Class A | 39,924 | 6,261,281 | |
Trecora Resources (a) | 18,964 | 159,298 | |
Tredegar Corp. | 26,173 | 347,577 | |
Trinseo SA | 38,600 | 2,004,498 | |
Tronox Holdings PLC | 107,782 | 2,277,434 | |
Valhi, Inc. | 1,779 | 42,198 | |
Valvoline, Inc. | 177,502 | 5,353,460 | |
Venator Materials PLC (a) | 51,475 | 168,323 | |
W.R. Grace & Co. | 60,981 | 4,246,717 | |
Westlake Chemical Corp. | 33,594 | 2,934,436 | |
Zymergen, Inc. (a) | 16,194 | 212,465 | |
779,055,150 | |||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 41,600 | 6,524,544 | |
Forterra, Inc. (a) | 19,499 | 449,257 | |
Martin Marietta Materials, Inc. | 61,171 | 23,321,444 | |
Smith-Midland Corp. (a) | 3,788 | 70,760 | |
Summit Materials, Inc. (a) | 115,853 | 3,900,771 | |
United States Lime & Minerals, Inc. | 2,263 | 330,602 | |
Vulcan Materials Co. | 130,001 | 24,171,086 | |
58,768,464 | |||
Containers & Packaging - 0.4% | |||
Amcor PLC | 1,515,939 | 19,479,816 | |
Aptargroup, Inc. | 64,905 | 8,749,194 | |
Avery Dennison Corp. | 81,414 | 18,349,901 | |
Ball Corp. | 322,370 | 30,934,625 | |
Berry Global Group, Inc. (a) | 132,431 | 8,895,390 | |
Crown Holdings, Inc. | 132,177 | 14,511,713 | |
Graphic Packaging Holding Co. | 278,884 | 5,722,700 | |
Greif, Inc.: | |||
Class A (b) | 27,807 | 1,760,739 | |
Class B | 3,943 | 242,495 | |
International Paper Co. | 384,994 | 23,134,289 | |
Myers Industries, Inc. | 34,896 | 795,629 | |
O-I Glass, Inc. (a) | 155,692 | 2,355,620 | |
Packaging Corp. of America | 93,435 | 14,174,090 | |
Pactiv Evergreen, Inc. (b) | 41,481 | 570,364 | |
Ranpak Holdings Corp. (A Shares) (a) | 39,432 | 1,210,562 | |
Sealed Air Corp. | 148,813 | 9,082,057 | |
Silgan Holdings, Inc. | 77,797 | 3,300,927 | |
Sonoco Products Co. | 98,300 | 6,418,990 | |
UFP Technologies, Inc. (a) | 6,778 | 474,392 | |
WestRock Co. | 261,744 | 13,621,158 | |
183,784,651 | |||
Metals & Mining - 0.5% | |||
Alcoa Corp. (a) | 183,327 | 8,134,219 | |
Allegheny Technologies, Inc. (a) | 127,891 | 2,284,133 | |
Alpha Metallurgical Resources (a) | 17,954 | 702,181 | |
Ampco-Pittsburgh Corp. (a) | 11,882 | 57,034 | |
Arconic Corp. (a) | 95,522 | 3,294,554 | |
Carpenter Technology Corp. | 48,932 | 1,631,882 | |
Century Aluminum Co. (a) | 50,747 | 650,577 | |
Cleveland-Cliffs, Inc. (a) | 454,111 | 10,657,985 | |
Coeur d'Alene Mines Corp. (a) | 250,645 | 1,767,047 | |
Commercial Metals Co. | 119,657 | 3,903,211 | |
Compass Minerals International, Inc. (b) | 33,245 | 2,225,088 | |
Comstock Mining, Inc. (a)(b) | 38,673 | 116,792 | |
Freeport-McMoRan, Inc. | 1,438,317 | 52,340,356 | |
Friedman Industries | 8,812 | 107,947 | |
Gatos Silver, Inc. | 22,094 | 316,828 | |
Gold Resource Corp. (b) | 68,989 | 118,661 | |
Golden Minerals Co. (a)(b) | 129,922 | 68,716 | |
Haynes International, Inc. (b) | 12,892 | 506,011 | |
Hecla Mining Co. | 523,330 | 3,218,480 | |
Hycroft Mining Holding Corp. (a)(b) | 33,866 | 65,361 | |
Kaiser Aluminum Corp. | 15,996 | 2,019,655 | |
Materion Corp. | 20,037 | 1,463,302 | |
McEwen Mining, Inc. (a)(b) | 282,542 | 324,923 | |
MP Materials Corp. (a)(b) | 65,049 | 2,183,695 | |
Newmont Corp. | 786,130 | 45,587,679 | |
Nucor Corp. | 293,642 | 34,520,554 | |
Olympic Steel, Inc. | 8,454 | 230,456 | |
Paramount Gold Nevada Corp. (a) | 2,346 | 2,076 | |
Ramaco Resources, Inc. (a) | 9,913 | 89,118 | |
Reliance Steel & Aluminum Co. | 62,654 | 9,400,606 | |
Royal Gold, Inc. | 64,590 | 7,190,805 | |
Ryerson Holding Corp. | 15,468 | 358,084 | |
Schnitzer Steel Industries, Inc. Class A | 26,125 | 1,235,974 | |
Solitario Exploration & Royalty Corp. (a)(b) | 76,068 | 41,153 | |
Steel Dynamics, Inc. | 196,700 | 13,275,283 | |
SunCoke Energy, Inc. | 77,833 | 540,939 | |
Synalloy Corp. (a) | 5,467 | 63,691 | |
TimkenSteel Corp. (a)(b) | 36,834 | 503,889 | |
U.S. Antimony Corp. (a)(b) | 71,979 | 67,847 | |
U.S. Gold Corp. (a) | 7,183 | 68,023 | |
United States Steel Corp. | 264,017 | 7,062,455 | |
Universal Stainless & Alloy Products, Inc. (a) | 7,522 | 83,569 | |
Warrior Metropolitan Coal, Inc. | 49,382 | 1,105,663 | |
Worthington Industries, Inc. | 34,302 | 1,987,801 | |
221,574,303 | |||
Paper & Forest Products - 0.0% | |||
Clearwater Paper Corp. (a) | 16,052 | 521,529 | |
Domtar Corp. (a) | 48,990 | 2,686,122 | |
Glatfelter Corp. | 42,256 | 667,645 | |
Louisiana-Pacific Corp. | 99,769 | 6,329,345 | |
Mercer International, Inc. (SBI) | 38,171 | 434,386 | |
Neenah, Inc. | 18,232 | 918,710 | |
Resolute Forest Products | 76,679 | 939,318 | |
Schweitzer-Mauduit International, Inc. | 32,397 | 1,239,833 | |
Verso Corp. | 29,133 | 554,984 | |
14,291,872 | |||
TOTAL MATERIALS | 1,257,474,440 | ||
REAL ESTATE - 3.4% | |||
Equity Real Estate Investment Trusts (REITs) - 3.2% | |||
Acadia Realty Trust (SBI) | 84,160 | 1,785,875 | |
Agree Realty Corp. | 68,382 | 5,097,878 | |
Alexander & Baldwin, Inc. | 74,765 | 1,561,093 | |
Alexanders, Inc. | 2,216 | 590,121 | |
Alexandria Real Estate Equities, Inc. | 134,984 | 27,856,648 | |
Alpine Income Property Trust, Inc. | 11,655 | 219,580 | |
American Assets Trust, Inc. | 51,321 | 2,043,602 | |
American Campus Communities, Inc. | 134,958 | 6,862,614 | |
American Finance Trust, Inc. | 110,887 | 955,846 | |
American Homes 4 Rent Class A | 269,997 | 11,323,674 | |
American Tower Corp. | 446,384 | 130,420,013 | |
Americold Realty Trust | 248,017 | 9,112,145 | |
Apartment Income (REIT) Corp. | 153,959 | 7,824,196 | |
Apartment Investment & Management Co. Class A | 145,184 | 1,042,421 | |
Apple Hospitality (REIT), Inc. | 210,309 | 3,108,367 | |
Armada Hoffler Properties, Inc. | 58,965 | 791,900 | |
Ashford Hospitality Trust, Inc. (a) | 15,148 | 234,037 | |
AvalonBay Communities, Inc. | 137,376 | 31,538,782 | |
Bluerock Residential Growth (REIT), Inc. | 30,908 | 336,588 | |
Boston Properties, Inc. | 139,569 | 15,769,901 | |
Braemar Hotels & Resorts, Inc. (a) | 44,787 | 225,726 | |
Brandywine Realty Trust (SBI) | 169,156 | 2,347,885 | |
Brixmor Property Group, Inc. | 293,657 | 6,886,257 | |
Broadstone Net Lease, Inc. (b) | 154,015 | 4,220,011 | |
BRT Apartments Corp. | 10,645 | 206,726 | |
Camden Property Trust (SBI) | 95,906 | 14,389,736 | |
CareTrust (REIT), Inc. | 95,945 | 2,109,831 | |
CatchMark Timber Trust, Inc. | 48,232 | 556,597 | |
Cedar Realty Trust, Inc. | 11,190 | 194,594 | |
Centerspace | 13,959 | 1,412,372 | |
Chatham Lodging Trust (a) | 49,287 | 591,444 | |
CIM Commercial Trust Corp. | 28,671 | 200,697 | |
City Office REIT, Inc. | 47,552 | 759,405 | |
Clipper Realty, Inc. | 13,707 | 115,687 | |
Columbia Property Trust, Inc. | 111,839 | 1,869,948 | |
Community Healthcare Trust, Inc. | 23,980 | 1,163,270 | |
Condor Hospitality Trust, Inc. (a) | 1,704 | 9,985 | |
CorEnergy Infrastructure Trust, Inc. | 12,714 | 61,281 | |
CorePoint Lodging, Inc. (a) | 38,394 | 555,177 | |
CoreSite Realty Corp. | 42,184 | 6,258,840 | |
Corporate Office Properties Trust (SBI) | 113,669 | 3,203,192 | |
Cousins Properties, Inc. | 146,040 | 5,631,302 | |
Crown Castle International Corp. | 424,437 | 82,633,640 | |
CTO Realty Growth, Inc. (b) | 6,288 | 352,694 | |
CubeSmart | 198,862 | 10,639,117 | |
CyrusOne, Inc. | 120,520 | 9,277,630 | |
DiamondRock Hospitality Co. (a) | 214,574 | 1,939,749 | |
Digital Realty Trust, Inc. | 276,720 | 45,357,175 | |
Digitalbridge Group, Inc. (a) | 475,504 | 3,280,978 | |
Diversified Healthcare Trust (SBI) | 236,145 | 885,544 | |
Douglas Emmett, Inc. | 163,732 | 5,404,793 | |
Duke Realty Corp. | 369,302 | 19,392,048 | |
Easterly Government Properties, Inc. | 84,373 | 1,803,051 | |
EastGroup Properties, Inc. | 39,433 | 7,108,193 | |
Empire State Realty Trust, Inc. | 136,830 | 1,405,244 | |
EPR Properties | 73,089 | 3,709,267 | |
Equinix, Inc. | 87,946 | 74,178,054 | |
Equity Commonwealth | 120,624 | 3,177,236 | |
Equity Lifestyle Properties, Inc. | 167,531 | 14,251,862 | |
Equity Residential (SBI) | 338,601 | 28,466,186 | |
Essential Properties Realty Trust, Inc. | 118,397 | 3,837,247 | |
Essex Property Trust, Inc. | 64,042 | 21,181,251 | |
Extra Space Storage, Inc. | 131,440 | 24,567,450 | |
Farmland Partners, Inc. | 28,426 | 348,219 | |
Federal Realty Investment Trust (SBI) | 69,542 | 8,468,129 | |
First Industrial Realty Trust, Inc. | 127,933 | 7,162,969 | |
Four Corners Property Trust, Inc. | 75,103 | 2,148,697 | |
Franklin Street Properties Corp. | 102,509 | 492,043 | |
Gaming & Leisure Properties | 216,392 | 10,668,126 | |
Getty Realty Corp. | 39,910 | 1,262,353 | |
Gladstone Commercial Corp. | 40,986 | 927,513 | |
Gladstone Land Corp. | 25,300 | 595,815 | |
Global Medical REIT, Inc. | 56,363 | 869,117 | |
Global Net Lease, Inc. | 97,830 | 1,663,110 | |
Global Self Storage, Inc. | 5,763 | 31,293 | |
Healthcare Realty Trust, Inc. | 143,601 | 4,312,338 | |
Healthcare Trust of America, Inc. | 214,921 | 6,518,554 | |
Healthpeak Properties, Inc. | 529,877 | 19,075,572 | |
Hersha Hospitality Trust (a) | 34,344 | 322,147 | |
Highwoods Properties, Inc. (SBI) | 104,941 | 4,794,754 | |
Host Hotels & Resorts, Inc. (a) | 691,397 | 11,449,534 | |
Hudson Pacific Properties, Inc. | 152,428 | 4,021,051 | |
Independence Realty Trust, Inc. | 100,971 | 2,067,886 | |
Indus Realty Trust, Inc. | 5,567 | 390,302 | |
Industrial Logistics Properties Trust | 69,239 | 1,899,226 | |
InnSuites Hospitality Trust | 2,044 | 7,890 | |
Invitation Homes, Inc. | 558,911 | 23,015,955 | |
Iron Mountain, Inc. | 283,381 | 13,531,443 | |
iStar Financial, Inc. | 73,560 | 1,945,662 | |
JBG SMITH Properties | 109,180 | 3,289,593 | |
Kilroy Realty Corp. | 104,399 | 6,853,794 | |
Kimco Realty Corp. | 590,259 | 12,861,744 | |
Kite Realty Group Trust | 86,771 | 1,757,980 | |
Lamar Advertising Co. Class A | 85,442 | 9,725,863 | |
Lexington Corporate Properties Trust | 284,638 | 3,851,152 | |
Life Storage, Inc. | 75,444 | 9,388,251 | |
LTC Properties, Inc. | 40,535 | 1,398,863 | |
Mack-Cali Realty Corp. (a) | 83,131 | 1,486,382 | |
Medalist Diversified (REIT), Inc. | 8,334 | 11,001 | |
Medical Properties Trust, Inc. | 578,723 | 11,852,247 | |
Mid-America Apartment Communities, Inc. | 112,759 | 21,691,449 | |
Monmouth Real Estate Investment Corp. Class A | 97,237 | 1,845,558 | |
National Health Investors, Inc. | 45,368 | 2,713,914 | |
National Retail Properties, Inc. | 173,006 | 8,236,816 | |
National Storage Affiliates Trust | 77,232 | 4,421,532 | |
NETSTREIT Corp. | 27,786 | 718,546 | |
New Senior Investment Group, Inc. | 80,383 | 701,744 | |
New York City REIT, Inc. (b) | 10,789 | 99,475 | |
NexPoint Residential Trust, Inc. | 22,791 | 1,476,629 | |
Office Properties Income Trust | 51,252 | 1,359,716 | |
Omega Healthcare Investors, Inc. | 231,749 | 7,770,544 | |
One Liberty Properties, Inc. | 15,863 | 505,078 | |
Outfront Media, Inc. | 144,472 | 3,577,127 | |
Paramount Group, Inc. | 161,925 | 1,434,656 | |
Park Hotels & Resorts, Inc. (a) | 234,654 | 4,491,278 | |
Pebblebrook Hotel Trust | 131,853 | 2,904,722 | |
Pennsylvania Real Estate Investment Trust (SBI) (a) | 61,343 | 118,392 | |
Physicians Realty Trust | 219,718 | 4,066,980 | |
Piedmont Office Realty Trust, Inc. Class A | 123,691 | 2,204,174 | |
Plymouth Industrial REIT, Inc. | 29,458 | 694,030 | |
Postal Realty Trust, Inc. | 13,407 | 262,107 | |
Potlatch Corp. | 66,183 | 3,438,207 | |
Preferred Apartment Communities, Inc. Class A | 49,520 | 618,010 | |
Prologis (REIT), Inc. | 726,724 | 97,860,654 | |
PS Business Parks, Inc. | 20,368 | 3,202,461 | |
Public Storage | 149,502 | 48,380,342 | |
Rayonier, Inc. | 136,334 | 5,014,365 | |
Realty Income Corp. | 366,898 | 26,497,374 | |
Regency Centers Corp. | 156,047 | 10,707,945 | |
Retail Opportunity Investments Corp. | 119,239 | 2,155,841 | |
Retail Properties America, Inc. | 208,828 | 2,760,706 | |
Retail Value, Inc. | 18,573 | 464,325 | |
Rexford Industrial Realty, Inc. | 132,820 | 8,225,543 | |
RLJ Lodging Trust | 166,639 | 2,404,601 | |
RPT Realty | 80,249 | 1,038,422 | |
Ryman Hospitality Properties, Inc. (a) | 54,338 | 4,513,858 | |
Sabra Health Care REIT, Inc. | 213,941 | 3,423,056 | |
Safehold, Inc. | 14,412 | 1,291,459 | |
Saul Centers, Inc. | 14,931 | 688,020 | |
SBA Communications Corp. Class A | 107,321 | 38,525,019 | |
Seritage Growth Properties (a) | 39,057 | 631,552 | |
Service Properties Trust | 166,575 | 1,903,952 | |
Simon Property Group, Inc. | 322,529 | 43,364,024 | |
SITE Centers Corp. | 170,691 | 2,749,832 | |
SL Green Realty Corp. (b) | 67,717 | 4,745,607 | |
Sotherly Hotels, Inc. (a) | 14,233 | 34,159 | |
Spirit Realty Capital, Inc. | 113,028 | 5,851,460 | |
Stag Industrial, Inc. | 157,539 | 6,656,023 | |
Store Capital Corp. | 240,114 | 8,660,912 | |
Summit Hotel Properties, Inc. (a) | 105,391 | 982,244 | |
Sun Communities, Inc. | 110,414 | 22,247,317 | |
Sunstone Hotel Investors, Inc. (a) | 218,573 | 2,533,261 | |
Tanger Factory Outlet Centers, Inc. | 97,989 | 1,638,376 | |
Terreno Realty Corp. | 69,335 | 4,632,271 | |
The GEO Group, Inc. (b) | 117,923 | 913,903 | |
The Macerich Co. (b) | 164,046 | 2,801,906 | |
UDR, Inc. | 291,350 | 15,738,727 | |
UMH Properties, Inc. | 42,533 | 1,008,032 | |
Uniti Group, Inc. | 232,769 | 3,042,291 | |
Universal Health Realty Income Trust (SBI) | 12,404 | 734,689 | |
Urban Edge Properties | 110,359 | 2,090,199 | |
Urstadt Biddle Properties, Inc. Class A | 30,836 | 588,351 | |
Ventas, Inc. | 369,296 | 20,658,418 | |
VEREIT, Inc. | 225,426 | 11,390,776 | |
VICI Properties, Inc. (b) | 531,510 | 16,428,974 | |
Vornado Realty Trust | 153,632 | 6,434,108 | |
Washington REIT (SBI) | 83,302 | 2,094,212 | |
Welltower, Inc. | 410,447 | 35,926,426 | |
Weyerhaeuser Co. | 736,492 | 26,513,712 | |
Wheeler REIT, Inc. (a) | 5,633 | 18,476 | |
Whitestone REIT Class B | 38,854 | 381,158 | |
WP Carey, Inc. | 175,946 | 13,744,902 | |
Xenia Hotels & Resorts, Inc. (a) | 115,183 | 2,006,488 | |
1,466,411,634 | |||
Real Estate Management & Development - 0.2% | |||
Alset Ehome International, Inc. | 2,097 | 4,215 | |
Altisource Asset Management Corp. (a) | 665 | 14,431 | |
Altisource Portfolio Solutions SA (a) | 7,484 | 81,201 | |
American Realty Investments, Inc. (a) | 3,904 | 44,115 | |
Amrep Corp. (a) | 2,815 | 42,366 | |
CBRE Group, Inc. (a) | 329,895 | 31,768,889 | |
Cushman & Wakefield PLC (a) | 122,369 | 2,219,774 | |
eXp World Holdings, Inc. (b) | 57,199 | 2,622,574 | |
Fathom Holdings, Inc. (a)(b) | 4,345 | 124,180 | |
Forestar Group, Inc. (a) | 16,510 | 343,243 | |
FRP Holdings, Inc. (a) | 5,629 | 324,793 | |
Howard Hughes Corp. (a) | 43,824 | 3,967,387 | |
InterGroup Corp. (a) | 287 | 13,374 | |
Jones Lang LaSalle, Inc. (a) | 50,351 | 12,206,593 | |
Kennedy-Wilson Holdings, Inc. | 118,152 | 2,598,162 | |
Marcus & Millichap, Inc. (a) | 24,839 | 974,186 | |
Maui Land & Pineapple, Inc. (a) | 5,834 | 64,057 | |
Newmark Group, Inc. | 158,885 | 2,164,014 | |
Opendoor Technologies, Inc. (a)(b) | 334,917 | 5,938,078 | |
Rafael Holdings, Inc. (a)(b) | 10,947 | 458,132 | |
RE/MAX Holdings, Inc. | 18,249 | 611,159 | |
Realogy Holdings Corp. (a) | 113,254 | 1,987,608 | |
Redfin Corp. (a)(b) | 102,871 | 4,996,444 | |
Stratus Properties, Inc. (a) | 6,397 | 192,742 | |
Tejon Ranch Co. (a) | 19,879 | 382,074 | |
The RMR Group, Inc. | 14,678 | 680,179 | |
The St. Joe Co. | 31,862 | 1,474,255 | |
Transcontinental Realty Investors, Inc. (a) | 3,794 | 131,842 | |
Trinity Place Holdings, Inc. (a) | 22,659 | 48,037 | |
76,478,104 | |||
TOTAL REAL ESTATE | 1,542,889,738 | ||
UTILITIES - 2.4% | |||
Electric Utilities - 1.4% | |||
Allete, Inc. | 50,914 | 3,432,622 | |
Alliant Energy Corp. | 245,439 | 14,920,237 | |
American Electric Power Co., Inc. | 489,247 | 43,821,854 | |
Avangrid, Inc. (b) | 70,140 | 3,833,151 | |
Duke Energy Corp. | 754,420 | 78,957,597 | |
Edison International | 373,005 | 21,574,609 | |
Entergy Corp. | 197,127 | 21,804,217 | |
Evergy, Inc. | 224,492 | 15,366,477 | |
Eversource Energy | 337,524 | 30,623,553 | |
Exelon Corp. | 959,094 | 47,014,788 | |
FirstEnergy Corp. | 533,870 | 20,751,527 | |
Genie Energy Ltd. Class B | 20,992 | 141,906 | |
Hawaiian Electric Industries, Inc. | 106,332 | 4,636,075 | |
IDACORP, Inc. | 49,209 | 5,184,168 | |
MGE Energy, Inc. (b) | 37,436 | 3,015,095 | |
NextEra Energy, Inc. | 1,925,142 | 161,692,677 | |
NRG Energy, Inc. | 239,995 | 10,960,572 | |
OGE Energy Corp. | 196,645 | 6,963,199 | |
Otter Tail Corp. | 43,292 | 2,375,432 | |
PG&E Corp. (a) | 1,474,093 | 13,517,433 | |
Pinnacle West Capital Corp. | 110,391 | 8,489,068 | |
PNM Resources, Inc. | 84,312 | 4,173,444 | |
Portland General Electric Co. | 87,180 | 4,476,693 | |
PPL Corp. | 758,167 | 22,252,201 | |
Southern Co. | 1,037,791 | 68,214,002 | |
Via Renewables, Inc. Class A, (b) | 10,424 | 116,749 | |
Xcel Energy, Inc. | 528,132 | 36,309,075 | |
654,618,421 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 127,900 | 12,471,529 | |
Chesapeake Utilities Corp. | 17,892 | 2,338,484 | |
National Fuel Gas Co. | 89,891 | 4,657,253 | |
New Jersey Resources Corp. (b) | 93,681 | 3,498,049 | |
Northwest Natural Holding Co. | 29,561 | 1,520,913 | |
ONE Gas, Inc. | 51,835 | 3,722,790 | |
RGC Resources, Inc. | 7,159 | 172,102 | |
South Jersey Industries, Inc. (b) | 112,436 | 2,789,537 | |
Southwest Gas Corp. | 57,824 | 4,065,605 | |
Spire, Inc. | 50,300 | 3,355,010 | |
UGI Corp. | 204,287 | 9,460,531 | |
48,051,803 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Clearway Energy, Inc.: | |||
Class A | 26,774 | 796,259 | |
Class C | 80,535 | 2,527,994 | |
Ormat Technologies, Inc. (b) | 44,475 | 3,163,507 | |
Sunnova Energy International, Inc. (a) | 63,583 | 2,301,705 | |
The AES Corp. | 652,905 | 15,584,842 | |
Vistra Corp. | 473,883 | 9,046,426 | |
33,420,733 | |||
Multi-Utilities - 0.7% | |||
Ameren Corp. | 251,662 | 22,075,791 | |
Avista Corp. | 67,581 | 2,828,265 | |
Black Hills Corp. | 63,649 | 4,476,434 | |
CenterPoint Energy, Inc. | 567,452 | 14,237,371 | |
CMS Energy Corp. | 282,165 | 18,095,241 | |
Consolidated Edison, Inc. | 336,690 | 25,403,261 | |
Dominion Energy, Inc. | 791,579 | 61,616,509 | |
DTE Energy Co. | 190,750 | 22,954,855 | |
MDU Resources Group, Inc. | 197,336 | 6,348,299 | |
NiSource, Inc. | 383,627 | 9,456,406 | |
NorthWestern Energy Corp. | 49,398 | 3,141,713 | |
Public Service Enterprise Group, Inc. | 497,922 | 31,837,133 | |
Sempra Energy | 309,404 | 40,952,713 | |
Unitil Corp. | 14,604 | 724,358 | |
WEC Energy Group, Inc. | 310,966 | 29,380,068 | |
293,528,417 | |||
Water Utilities - 0.1% | |||
American States Water Co. | 37,218 | 3,431,872 | |
American Water Works Co., Inc. | 177,718 | 32,389,106 | |
Artesian Resources Corp. Class A | 7,843 | 309,093 | |
Cadiz, Inc. (a)(b) | 36,416 | 489,431 | |
California Water Service Group | 51,528 | 3,274,604 | |
Essential Utilities, Inc. | 218,724 | 10,855,272 | |
Global Water Resources, Inc. | 9,437 | 188,740 | |
Middlesex Water Co. (b) | 17,122 | 1,873,318 | |
Pure Cycle Corp. (a) | 24,781 | 370,476 | |
SJW Corp. | 26,824 | 1,859,708 | |
York Water Co. | 13,007 | 670,771 | |
55,712,391 | |||
TOTAL UTILITIES | 1,085,331,765 | ||
TOTAL COMMON STOCKS | |||
(Cost $31,281,571,434) | 45,410,744,530 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
ENERGY - 0.0% | |||
Oil, Gas & Consumable Fuels - 0.0% | |||
Meta Materials, Inc. Series A (c) | |||
(Cost $42,794) | 114,044 | 132,291 | |
Principal Amount | Value | ||
Nonconvertible Bonds - 0.0% | |||
FINANCIALS - 0.0% | |||
Capital Markets - 0.0% | |||
GAMCO Investors, Inc. 4% 6/15/23 (Cost $4,000)(c)(e) | 4,000 | 4,000 | |
Shares | Value | ||
Money Market Funds - 2.5% | |||
Fidelity Cash Central Fund 0.06% (f) | 288,224,892 | 288,282,537 | |
Fidelity Securities Lending Cash Central Fund 0.06% (f)(g) | 843,951,938 | 844,036,333 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $1,132,318,870) | 1,132,318,870 | ||
TOTAL INVESTMENT IN SECURITIES - 102.1% | |||
(Cost $32,413,937,098) | 46,543,199,691 | ||
NET OTHER ASSETS (LIABILITIES) - (2.1)% | (967,315,263) | ||
NET ASSETS - 100% | $45,575,884,428 |
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) | 193 | Sept. 2021 | $21,917,080 | $1,161,097 | $1,161,097 |
CME E-mini S&P 500 Index Contracts (United States) | 659 | Sept. 2021 | 148,950,475 | 9,993,964 | 9,993,964 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 40 | Sept. 2021 | 11,008,000 | 560,796 | 560,796 |
TOTAL FUTURES CONTRACTS | $11,715,857 |
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 $3,510,386 or 0.0% of net assets.
(e) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
(f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $217,013,461 | $4,955,693,903 | $4,884,424,827 | $57,550 | $-- | $-- | $288,282,537 | 0.4% |
Fidelity Securities Lending Cash Central Fund 0.06% | 632,811,154 | 1,451,523,262 | 1,240,298,083 | 2,519,416 | -- | -- | 844,036,333 | 2.6% |
Total | $849,824,615 | $6,407,217,165 | $6,124,722,910 | $2,576,966 | $-- | $-- | $1,132,318,870 |
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 August 31, 2021, 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 | $4,782,464,895 | $4,782,329,708 | $-- | $135,187 |
Consumer Discretionary | 5,398,713,333 | 5,398,711,263 | -- | 2,070 |
Consumer Staples | 2,371,033,468 | 2,371,033,468 | -- | -- |
Energy | 1,077,271,750 | 1,077,139,459 | -- | 132,291 |
Financials | 5,310,663,923 | 5,310,663,923 | -- | -- |
Health Care | 6,141,043,568 | 6,140,816,390 | 20 | 227,158 |
Industrials | 4,138,150,534 | 4,138,150,517 | -- | 17 |
Information Technology | 12,305,839,407 | 12,305,839,407 | -- | -- |
Materials | 1,257,474,440 | 1,257,474,440 | -- | -- |
Real Estate | 1,542,889,738 | 1,542,889,738 | -- | -- |
Utilities | 1,085,331,765 | 1,085,331,765 | -- | -- |
Corporate Bonds | 4,000 | -- | -- | 4,000 |
Money Market Funds | 1,132,318,870 | 1,132,318,870 | -- | -- |
Total Investments in Securities: | $46,543,199,691 | $46,542,698,948 | $20 | $500,723 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $11,715,857 | $11,715,857 | $-- | $-- |
Total Assets | $11,715,857 | $11,715,857 | $-- | $-- |
Total Derivative Instruments: | $11,715,857 | $11,715,857 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2021. 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) | $11,715,857 | $0 |
Total Equity Risk | 11,715,857 | 0 |
Total Value of Derivatives | $11,715,857 | $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.
Financial Statements
Statement of Assets and Liabilities
August 31, 2021 (Unaudited) | ||
Assets | ||
Investment in securities, at value (including securities loaned of $825,216,268) — See accompanying schedule: Unaffiliated issuers (cost $31,281,618,228) | $45,410,880,821 | |
Fidelity Central Funds (cost $1,132,318,870) | 1,132,318,870 | |
Total Investment in Securities (cost $32,413,937,098) | $46,543,199,691 | |
Segregated cash with brokers for derivative instruments | 17,695,700 | |
Cash | 1,031,588 | |
Receivable for investments sold | 349,479,774 | |
Receivable for fund shares sold | 3,025,206 | |
Dividends receivable | 50,292,322 | |
Interest receivable | 34 | |
Distributions receivable from Fidelity Central Funds | 309,905 | |
Total assets | 46,965,034,220 | |
Liabilities | ||
Payable for investments purchased | $796,801 | |
Payable for fund shares redeemed | 543,908,846 | |
Payable for daily variation margin on futures contracts | 300,984 | |
Other payables and accrued expenses | 119,302 | |
Collateral on securities loaned | 844,023,859 | |
Total liabilities | 1,389,149,792 | |
Net Assets | $45,575,884,428 | |
Net Assets consist of: | ||
Paid in capital | $31,492,718,740 | |
Total accumulated earnings (loss) | 14,083,165,688 | |
Net Assets | $45,575,884,428 | |
Net Asset Value, offering price and redemption price per share ($45,575,884,428 ÷ 2,939,073,225 shares) | $15.51 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Six months ended August 31, 2021 (Unaudited) | ||
Investment Income | ||
Dividends | $281,050,414 | |
Interest | 591 | |
Income from Fidelity Central Funds (including $2,519,416 from security lending) | 2,576,966 | |
Total income | 283,627,971 | |
Expenses | ||
Custodian fees and expenses | $148,192 | |
Independent trustees' fees and expenses | 72,068 | |
Interest | 1,307 | |
Total expenses before reductions | 221,567 | |
Expense reductions | (222) | |
Total expenses after reductions | 221,345 | |
Net investment income (loss) | 283,406,626 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 14,843,019 | |
Futures contracts | 13,724,091 | |
Total net realized gain (loss) | 28,567,110 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 6,049,530,374 | |
Futures contracts | 10,780,040 | |
Total change in net unrealized appreciation (depreciation) | 6,060,310,414 | |
Net gain (loss) | 6,088,877,524 | |
Net increase (decrease) in net assets resulting from operations | $6,372,284,150 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Six months ended August 31, 2021 (Unaudited) | Year ended February 28, 2021 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $283,406,626 | $428,302,311 |
Net realized gain (loss) | 28,567,110 | (86,273,034) |
Change in net unrealized appreciation (depreciation) | 6,060,310,414 | 8,185,310,430 |
Net increase (decrease) in net assets resulting from operations | 6,372,284,150 | 8,527,339,707 |
Distributions to shareholders | (141,212,286) | (595,763,893) |
Share transactions | ||
Proceeds from sales of shares | 7,558,386,945 | 12,840,490,813 |
Reinvestment of distributions | 141,212,286 | 595,763,893 |
Cost of shares redeemed | (3,575,579,331) | (8,113,757,897) |
Net increase (decrease) in net assets resulting from share transactions | 4,124,019,900 | 5,322,496,809 |
Total increase (decrease) in net assets | 10,355,091,764 | 13,254,072,623 |
Net Assets | ||
Beginning of period | 35,220,792,664 | 21,966,720,041 |
End of period | $45,575,884,428 | $35,220,792,664 |
Other Information | ||
Shares | ||
Sold | 522,494,202 | 1,117,549,284 |
Issued in reinvestment of distributions | 9,944,527 | 50,626,482 |
Redeemed | (246,358,217) | (711,450,022) |
Net increase (decrease) | 286,080,512 | 456,725,744 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Series Total Market Index Fund
Six months ended (Unaudited) August 31, | Years endedFebruary 28, | ||
2021 | 2021 | 2020 A,B | |
Selected Per–Share Data | |||
Net asset value, beginning of period | $13.28 | $10.00 | $10.00 |
Income from Investment Operations | |||
Net investment income (loss)C | .10 | .18 | .17 |
Net realized and unrealized gain (loss) | 2.18 | 3.34 | (.02) |
Total from investment operations | 2.28 | 3.52 | .15 |
Distributions from net investment income | (.03) | (.18) | (.12) |
Distributions from net realized gain | (.03) | (.06) | (.02) |
Total distributions | (.05)D | (.24) | (.15)D |
Net asset value, end of period | $15.51 | $13.28 | $10.00 |
Total ReturnE,F | 17.22% | 35.56% | 1.38% |
Ratios to Average Net AssetsG,H | |||
Expenses before reductionsI | - %J | -% | - %J |
Expenses net of fee waivers, if anyI | - %J | -% | - %J |
Expenses net of all reductionsI | - %J | -% | - %J |
Net investment income (loss) | 1.39%J | 1.61% | 1.96%J |
Supplemental Data | |||
Net assets, end of period (000 omitted) | $45,575,884 | $35,220,793 | $21,966,720 |
Portfolio turnover rateK | 14%J | 18%L | 27%J,L |
A For the period April 26, 2019 (commencement of operations) to February 29, 2020.
B For the year ended February 29.
C Calculated based on average shares outstanding during the period.
D Total distributions per share do not sum due to rounding.
E Total returns for periods of less than one year are not annualized.
F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
G 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.
H 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.
I Amount represents less than .005%.
J Annualized
K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
L Portfolio turnover rate excludes securities received or delivered in-kind.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements (Unaudited)
For the period ended August 31, 2021
1. Organization.
Fidelity Series Total Market 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.
2. Investments in Fidelity Central Funds.
Funds may invest 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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio(a) |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% to .01% |
(a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission 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 Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. 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, 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 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.
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. Corporate bonds 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 August 31, 2021 is included at the end of the Fund's Schedule of Investments.
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.
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. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. 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. 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.
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), market discount, partnerships, certain deemed distributions 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 | $14,699,033,259 |
Gross unrealized depreciation | (936,057,714) |
Net unrealized appreciation (depreciation) | $13,762,975,545 |
Tax cost | $32,791,940,003 |
Restricted Securities (including Private Placements). 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 held at period end is included at the end of the Schedule of Investments, if applicable.
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 and is representative of volume of activity during the period. 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 and in-kind transactions, as applicable, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity Series Total Market Index Fund | 7,324,494,862 | 2,909,241,326 |
Prior Year Unaffiliated Exchanges In-Kind. Shares that were exchanged for investments, including accrued interest and cash, if any, are shown in the table below. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets.
Shares | Total Proceeds ($) | |
Fidelity Series Total Market Index Fund | 22,287,789 | 301,553,789 |
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 Lending Program. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), the 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 the 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 was as follows:
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Total Market Index Fund | Borrower | $151,789,000 | .31% | $1,307 |
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. Any 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 borne 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 Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Series Total Market Index Fund | $260,165 | $94,260 | $7,374,975 |
9. Expense Reductions.
Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $222.
10. Other.
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 managed by the investment adviser 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.
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 (March 1, 2021 to August 31, 2021).
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 March 1, 2021 | Ending Account Value August 31, 2021 | Expenses Paid During Period-B March 1, 2021 to August 31, 2021 | |
Fidelity Series Total Market Index Fund | - %-C | |||
Actual | $1,000.00 | $1,172.20 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.21 | $--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/ 365 (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 represents less than .005%.
D Amount represents less than $.005.
E 5% return per year before expenses
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity Series Total Market Index Fund
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement (Sub-Advisory Agreement) for the fund with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts). FMR and Geode are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established various standing committees (Committees), each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.At its May 2021 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In considering whether to renew the Advisory Contracts for the fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and the fact that no fee is payable under the management contract was fair and reasonable.Nature, Extent, and Quality of Services Provided. The Board considered staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity and Geode, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund.The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the fund and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement the fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.Resources Dedicated to Investment Management and Support Services. The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, training, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board considered that Fidelity's and Geode's investment professionals have extensive resources, tools and capabilities so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's and Geode's investments in business continuity planning, and their success in continuously providing services to the fund notwithstanding the severe disruptions caused by the COVID-19 pandemic.Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory and administrative services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers, the use of brokerage commissions to pay fund expenses, and the use of "soft" commission dollars to pay for research services.Investment Performance. The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. The Board reviewed the fund's absolute investment performance, as well as the fund's relative investment performance, but did not consider performance to be a material factor in its decision to renew the fund's Advisory Contracts, as the fund is not publicly offered as a stand-alone investment product. In this regard, the Board noted that the fund is designed to offer an investment option for other investment companies and 529 plans managed by Fidelity and ultimately to enhance the performance of those investment companies and 529 plans.Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.Competitiveness of Management Fee and Total Expense Ratio. The Board considered that the fund does not pay FMR a management fee for investment advisory services, but that FMR receives fees for providing services to funds that invest in the fund. The Board noted that FMR or an affiliate undertakes to pay all operating expenses of the fund, except transfer agent fees, 12b-1 fees, Independent Trustee fees and expenses, custodian fees and expenses, proxy and shareholder meeting expenses, interest, taxes, and extraordinary expenses (such as litigation expenses). The Board further noted that the fund pays its non-operating expenses, including brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable.The Board further considered that FMR has contractually agreed to reimburse the fund to the extent that total operating expenses, with certain exceptions, as a percentage of its average net assets, exceed 0.003% through June 30, 2024.Based on its review, the Board considered that the fund does not pay a management fee and concluded that the total expense ratio of the fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds.A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.The Board also reviewed Fidelity's and Geode's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's and Geode's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.The Board concluded that the costs of the services provided by and the profits realized by Fidelity and Geode in connection with the operation of the fund were not relevant to the renewal of the Advisory Contracts because the fund pays no advisory fees and FMR bears all expenses of the fund with certain exceptions.The Board also considered information regarding the profitability of Geode's relationship with the fund.Economies of Scale. The Board concluded that because the fund pays no advisory fees and FMR bears all expenses of the fund with certain exceptions, the realization of economies of scale was not a material factor in the Board's decision to renew the fund's Advisory Contracts.Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) fund flow and performance trends, in particular the underperformance of certain funds and strategies, and Fidelity's long-term strategies for certain funds; (ii) consideration of expanding the use of performance fees for additional funds; (iii) Fidelity's pricing philosophy compared to competitors; (iv) metrics for evaluating index fund and ETF performance and information about ETF trading characteristics; (v) the methodology with respect to evaluating competitive fund data and peer group classifications and fee and expense comparisons; (vi) the expense structures for different funds and classes and information about the differences between various expense structures; (vii) group fee breakpoints; (viii) information regarding other accounts managed by Fidelity and sub-advisory arrangements; and (ix) Fidelity's philosophies and strategies for evaluating funds and classes with lower or declining asset levels.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 the fund's Advisory Contracts should be renewed.STX-SANN-1015
1.9892982.102
Fidelity® 500 Index Fund
Semi-Annual Report
August 31, 2021
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
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® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index or indices.
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. © 2021 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 COVID-19 emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and corporate earnings. On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread. The pandemic prompted a number of measures to limit the spread of COVID-19, 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. To help stem the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.
In general, the overall impact of the pandemic lessened in 2021, amid a resilient economy and widespread distribution of three COVID-19 vaccines granted emergency use authorization from the U.S. Food and Drug Administration (FDA) early in the year. Still, the situation remains dynamic, and the extent and duration of its influence on financial markets and the economy is highly uncertain, due in part to a recent spike in cases based on highly contagious variants of the coronavirus.
Extreme events such as the COVID-19 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 continue to take extra steps to be responsive to customer needs. We encourage you to visit us online, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Investment Summary (Unaudited)
Top Ten Stocks as of August 31, 2021
% of fund's net assets | |
Apple, Inc. | 6.2 |
Microsoft Corp. | 5.9 |
Amazon.com, Inc. | 3.9 |
Facebook, Inc. Class A | 2.4 |
Alphabet, Inc. Class A | 2.3 |
Alphabet, Inc. Class C | 2.1 |
Tesla, Inc. | 1.5 |
NVIDIA Corp. | 1.5 |
Berkshire Hathaway, Inc. Class B | 1.4 |
JPMorgan Chase & Co. | 1.3 |
28.5 |
Top Market Sectors as of August 31, 2021
% of fund's net assets | |
Information Technology | 27.9 |
Health Care | 13.4 |
Consumer Discretionary | 11.9 |
Communication Services | 11.5 |
Financials | 11.2 |
Industrials | 8.2 |
Consumer Staples | 5.7 |
Real Estate | 2.6 |
Materials | 2.6 |
Utilities | 2.5 |
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.9% | |||
Shares | Value (000s) | ||
COMMUNICATION SERVICES - 11.5% | |||
Diversified Telecommunication Services - 1.2% | |||
AT&T, Inc. | 67,942,050 | $1,862,971 | |
Lumen Technologies, Inc. | 9,466,058 | 116,433 | |
Verizon Communications, Inc. | 39,395,629 | 2,166,760 | |
4,146,164 | |||
Entertainment - 1.9% | |||
Activision Blizzard, Inc. | 7,393,849 | 609,031 | |
Electronic Arts, Inc. | 2,723,304 | 395,451 | |
Live Nation Entertainment, Inc. (a) | 1,374,751 | 119,191 | |
Netflix, Inc. (a) | 4,219,286 | 2,401,575 | |
Take-Two Interactive Software, Inc. (a)(b) | 1,100,549 | 177,431 | |
The Walt Disney Co. (a) | 17,289,366 | 3,134,562 | |
6,837,241 | |||
Interactive Media & Services - 6.9% | |||
Alphabet, Inc.: | |||
Class A (a) | 2,861,746 | 8,281,750 | |
Class C (a)(b) | 2,709,669 | 7,883,077 | |
Facebook, Inc. Class A (a) | 22,800,053 | 8,649,884 | |
Twitter, Inc. (a) | 7,594,726 | 489,860 | |
25,304,571 | |||
Media - 1.3% | |||
Charter Communications, Inc. Class A (a)(b) | 1,310,559 | 1,070,281 | |
Comcast Corp. Class A | 43,627,963 | 2,647,345 | |
Discovery Communications, Inc.: | |||
Class A (a)(b) | 1,605,612 | 46,306 | |
Class C (non-vtg.) (a) | 2,858,050 | 78,854 | |
DISH Network Corp. Class A (a) | 2,364,295 | 103,060 | |
Fox Corp.: | |||
Class A | 3,107,621 | 116,349 | |
Class B | 1,449,866 | 50,209 | |
Interpublic Group of Companies, Inc. | 3,743,240 | 139,361 | |
News Corp.: | |||
Class A | 3,714,417 | 83,463 | |
Class B | 1,167,080 | 25,711 | |
Omnicom Group, Inc. | 2,046,641 | 149,855 | |
ViacomCBS, Inc. Class B | 5,762,562 | 238,858 | |
4,749,652 | |||
Wireless Telecommunication Services - 0.2% | |||
T-Mobile U.S., Inc. (a) | 5,576,424 | 764,082 | |
TOTAL COMMUNICATION SERVICES | 41,801,710 | ||
CONSUMER DISCRETIONARY - 11.9% | |||
Auto Components - 0.1% | |||
Aptiv PLC (a) | 2,573,643 | 391,683 | |
BorgWarner, Inc. | 2,282,329 | 97,410 | |
489,093 | |||
Automobiles - 1.8% | |||
Ford Motor Co. (a) | 37,309,018 | 486,137 | |
General Motors Co. (a) | 12,147,632 | 595,355 | |
Tesla, Inc. (a)(b) | 7,333,404 | 5,395,332 | |
6,476,824 | |||
Distributors - 0.1% | |||
Genuine Parts Co. | 1,374,755 | 167,981 | |
LKQ Corp. (a)(b) | 2,645,249 | 139,378 | |
Pool Corp. | 381,875 | 188,761 | |
496,120 | |||
Hotels, Restaurants & Leisure - 2.0% | |||
Booking Holdings, Inc. (a) | 390,648 | 898,361 | |
Caesars Entertainment, Inc. (a)(b) | 1,985,914 | 201,828 | |
Carnival Corp. (a)(b) | 7,596,406 | 183,377 | |
Chipotle Mexican Grill, Inc. (a)(b) | 267,867 | 509,839 | |
Darden Restaurants, Inc. (b) | 1,245,062 | 187,569 | |
Domino's Pizza, Inc. | 369,475 | 190,978 | |
Expedia, Inc. (a) | 1,345,966 | 194,492 | |
Hilton Worldwide Holdings, Inc. (a)(b) | 2,650,441 | 330,934 | |
Las Vegas Sands Corp. (a) | 3,125,959 | 139,449 | |
Marriott International, Inc. Class A (a) | 2,540,916 | 343,379 | |
McDonald's Corp. | 7,100,364 | 1,686,052 | |
MGM Resorts International | 3,874,269 | 165,121 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 3,520,176 | 90,961 | |
Penn National Gaming, Inc. (a) | 1,413,464 | 114,632 | |
Royal Caribbean Cruises Ltd. (a) | 2,083,281 | 172,350 | |
Starbucks Corp. (b) | 11,212,341 | 1,317,338 | |
Wynn Resorts Ltd. (a) | 1,001,517 | 101,844 | |
Yum! Brands, Inc. | 2,834,734 | 371,435 | |
7,199,939 | |||
Household Durables - 0.4% | |||
D.R. Horton, Inc. | 3,121,522 | 298,480 | |
Garmin Ltd. | 1,426,147 | 248,763 | |
Leggett & Platt, Inc. | 1,267,806 | 61,349 | |
Lennar Corp. Class A | 2,624,040 | 281,586 | |
Mohawk Industries, Inc. (a)(b) | 557,190 | 110,190 | |
Newell Brands, Inc. | 3,601,862 | 91,523 | |
NVR, Inc. (a) | 32,532 | 168,514 | |
PulteGroup, Inc. | 2,516,678 | 135,548 | |
Whirlpool Corp. (b) | 595,921 | 132,014 | |
1,527,967 | |||
Internet & Direct Marketing Retail - 4.1% | |||
Amazon.com, Inc. (a) | 4,079,145 | 14,157,856 | |
eBay, Inc. | 6,158,541 | 472,606 | |
Etsy, Inc. (a)(b) | 1,209,472 | 261,560 | |
14,892,022 | |||
Leisure Products - 0.0% | |||
Hasbro, Inc. (b) | 1,217,435 | 119,686 | |
Multiline Retail - 0.5% | |||
Dollar General Corp. | 2,247,653 | 501,024 | |
Dollar Tree, Inc. (a) | 2,207,206 | 199,840 | |
Target Corp. | 4,707,642 | 1,162,693 | |
1,863,557 | |||
Specialty Retail - 2.2% | |||
Advance Auto Parts, Inc. | 622,699 | 126,314 | |
AutoZone, Inc. (a) | 205,729 | 318,705 | |
Bath & Body Works, Inc. (b) | 2,519,269 | 170,000 | |
Best Buy Co., Inc. | 2,121,246 | 247,146 | |
CarMax, Inc. (a) | 1,552,495 | 194,388 | |
Gap, Inc. (b) | 1,976,235 | 52,825 | |
Lowe's Companies, Inc. (b) | 6,726,549 | 1,371,476 | |
O'Reilly Automotive, Inc. (a) | 663,833 | 394,370 | |
Ross Stores, Inc. | 3,393,396 | 401,778 | |
The Home Depot, Inc. | 10,117,641 | 3,300,172 | |
TJX Companies, Inc. | 11,475,871 | 834,525 | |
Tractor Supply Co. | 1,096,741 | 213,042 | |
Ulta Beauty, Inc. (a) | 521,060 | 201,812 | |
7,826,553 | |||
Textiles, Apparel & Luxury Goods - 0.7% | |||
Hanesbrands, Inc. (b) | 3,322,082 | 62,056 | |
NIKE, Inc. Class B | 12,132,091 | 1,998,641 | |
PVH Corp. (a) | 678,148 | 71,063 | |
Ralph Lauren Corp. | 459,133 | 53,319 | |
Tapestry, Inc. | 2,653,536 | 106,991 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a)(b) | 1,794,338 | 41,521 | |
Class C (non-vtg.) (a) | 1,870,394 | 37,520 | |
VF Corp. | 3,059,913 | 233,992 | |
2,605,103 | |||
TOTAL CONSUMER DISCRETIONARY | 43,496,864 | ||
CONSUMER STAPLES - 5.7% | |||
Beverages - 1.4% | |||
Brown-Forman Corp. Class B (non-vtg.) | 1,738,097 | 122,049 | |
Constellation Brands, Inc. Class A (sub. vtg.) (b) | 1,608,144 | 339,544 | |
Molson Coors Beverage Co. Class B | 1,792,352 | 85,190 | |
Monster Beverage Corp. (a)(b) | 3,520,749 | 343,519 | |
PepsiCo, Inc. | 13,147,180 | 2,056,087 | |
The Coca-Cola Co. | 36,925,784 | 2,079,291 | |
5,025,680 | |||
Food & Staples Retailing - 1.3% | |||
Costco Wholesale Corp. | 4,206,594 | 1,916,062 | |
Kroger Co. (b) | 7,204,328 | 331,615 | |
Sysco Corp. | 4,868,054 | 387,741 | |
Walgreens Boots Alliance, Inc. | 6,827,002 | 346,470 | |
Walmart, Inc. | 13,065,546 | 1,935,007 | |
4,916,895 | |||
Food Products - 0.8% | |||
Archer Daniels Midland Co. | 5,316,438 | 318,986 | |
Campbell Soup Co. | 1,931,843 | 80,616 | |
Conagra Brands, Inc. | 4,567,042 | 151,260 | |
General Mills, Inc. | 5,804,301 | 335,547 | |
Hormel Foods Corp. (b) | 2,682,281 | 122,151 | |
Kellogg Co. | 2,397,646 | 151,387 | |
Lamb Weston Holdings, Inc. | 1,391,979 | 90,687 | |
McCormick & Co., Inc. (non-vtg.) | 2,369,442 | 204,459 | |
Mondelez International, Inc. | 13,366,785 | 829,676 | |
The Hershey Co. | 1,392,940 | 247,525 | |
The J.M. Smucker Co. (b) | 1,042,790 | 128,962 | |
The Kraft Heinz Co. | 6,168,735 | 222,013 | |
Tyson Foods, Inc. Class A | 2,804,975 | 220,247 | |
3,103,516 | |||
Household Products - 1.3% | |||
Church & Dwight Co., Inc. | 2,333,688 | 195,236 | |
Colgate-Palmolive Co. | 8,049,968 | 627,495 | |
Kimberly-Clark Corp. | 3,210,894 | 442,493 | |
Procter & Gamble Co. | 23,296,644 | 3,317,209 | |
The Clorox Co. | 1,183,487 | 198,885 | |
4,781,318 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 2,206,642 | 751,340 | |
Tobacco - 0.7% | |||
Altria Group, Inc. | 17,610,060 | 884,553 | |
Philip Morris International, Inc. | 14,830,554 | 1,527,547 | |
2,412,100 | |||
TOTAL CONSUMER STAPLES | 20,990,849 | ||
ENERGY - 2.4% | |||
Energy Equipment & Services - 0.2% | |||
Baker Hughes Co. Class A | 6,921,858 | 157,680 | |
Halliburton Co. | 8,466,317 | 169,157 | |
NOV, Inc. (a)(b) | 3,717,243 | 48,956 | |
Schlumberger Ltd. | 13,306,103 | 373,103 | |
748,896 | |||
Oil, Gas & Consumable Fuels - 2.2% | |||
APA Corp. | 3,596,687 | 70,063 | |
Cabot Oil & Gas Corp. (b) | 3,803,091 | 60,431 | |
Chevron Corp. | 18,391,542 | 1,779,750 | |
ConocoPhillips Co. | 12,840,639 | 713,041 | |
Devon Energy Corp. | 5,668,235 | 167,496 | |
Diamondback Energy, Inc. | 1,722,315 | 132,859 | |
EOG Resources, Inc. | 5,553,401 | 374,966 | |
Exxon Mobil Corp. | 40,285,062 | 2,196,342 | |
Hess Corp. | 2,612,011 | 179,576 | |
Kinder Morgan, Inc. | 18,532,227 | 301,519 | |
Marathon Oil Corp. | 7,499,842 | 88,123 | |
Marathon Petroleum Corp. | 6,062,018 | 359,296 | |
Occidental Petroleum Corp. | 7,993,915 | 205,364 | |
ONEOK, Inc. (b) | 4,239,599 | 222,664 | |
Phillips 66 Co. | 4,166,589 | 296,203 | |
Pioneer Natural Resources Co. | 2,205,303 | 330,068 | |
The Williams Companies, Inc. | 11,559,320 | 285,400 | |
Valero Energy Corp. | 3,889,635 | 257,922 | |
8,021,083 | |||
TOTAL ENERGY | 8,769,979 | ||
FINANCIALS - 11.2% | |||
Banks - 4.2% | |||
Bank of America Corp. | 71,757,848 | 2,995,890 | |
Citigroup, Inc. | 19,669,394 | 1,414,426 | |
Citizens Financial Group, Inc. | 4,053,029 | 177,482 | |
Comerica, Inc. | 1,328,518 | 98,191 | |
Fifth Third Bancorp | 6,698,733 | 260,313 | |
First Republic Bank | 1,674,668 | 333,158 | |
Huntington Bancshares, Inc. | 14,040,317 | 218,046 | |
JPMorgan Chase & Co. | 28,805,234 | 4,607,397 | |
KeyCorp | 9,235,183 | 187,659 | |
M&T Bank Corp. | 1,224,235 | 171,405 | |
Peoples United Financial, Inc. | 4,069,187 | 66,857 | |
PNC Financial Services Group, Inc. | 4,042,805 | 772,580 | |
Regions Financial Corp. | 9,147,317 | 186,880 | |
SVB Financial Group (a) | 558,228 | 312,329 | |
Truist Financial Corp. | 12,797,090 | 730,202 | |
U.S. Bancorp | 12,899,498 | 740,302 | |
Wells Fargo & Co. (b) | 39,333,798 | 1,797,555 | |
Zions Bancorp NA (b) | 1,558,826 | 90,256 | |
15,160,928 | |||
Capital Markets - 3.1% | |||
Ameriprise Financial, Inc. | 1,102,918 | 300,997 | |
Bank of New York Mellon Corp. | 7,677,212 | 423,936 | |
BlackRock, Inc. Class A | 1,349,793 | 1,273,246 | |
Cboe Global Markets, Inc. | 1,015,194 | 128,067 | |
Charles Schwab Corp. (b) | 14,272,151 | 1,039,726 | |
CME Group, Inc. | 3,417,029 | 689,283 | |
Franklin Resources, Inc. | 2,591,461 | 84,067 | |
Goldman Sachs Group, Inc. | 3,237,391 | 1,338,694 | |
Intercontinental Exchange, Inc. | 5,355,113 | 640,097 | |
Invesco Ltd. (b) | 3,600,653 | 91,169 | |
MarketAxess Holdings, Inc. | 361,435 | 172,014 | |
Moody's Corp. | 1,531,953 | 583,322 | |
Morgan Stanley | 14,163,837 | 1,479,129 | |
MSCI, Inc. | 784,312 | 497,709 | |
NASDAQ, Inc. | 1,093,025 | 213,992 | |
Northern Trust Corp. | 1,980,601 | 234,741 | |
Raymond James Financial, Inc. | 1,163,792 | 162,815 | |
S&P Global, Inc. (b) | 2,292,331 | 1,017,382 | |
State Street Corp. | 3,309,255 | 307,463 | |
T. Rowe Price Group, Inc. | 2,158,693 | 483,267 | |
11,161,116 | |||
Consumer Finance - 0.6% | |||
American Express Co. (b) | 6,191,630 | 1,027,563 | |
Capital One Financial Corp. | 4,296,229 | 713,045 | |
Discover Financial Services | 2,901,223 | 371,995 | |
Synchrony Financial | 5,146,924 | 256,059 | |
2,368,662 | |||
Diversified Financial Services - 1.4% | |||
Berkshire Hathaway, Inc. Class B (a) | 18,035,600 | 5,154,033 | |
Insurance - 1.9% | |||
AFLAC, Inc. | 6,014,786 | 340,918 | |
Allstate Corp. | 2,848,417 | 385,334 | |
American International Group, Inc. | 8,165,791 | 445,526 | |
Aon PLC | 2,147,187 | 615,942 | |
Arthur J. Gallagher & Co. | 1,949,646 | 280,008 | |
Assurant, Inc. | 576,339 | 98,041 | |
Chubb Ltd. | 4,279,119 | 787,016 | |
Cincinnati Financial Corp. | 1,425,647 | 175,925 | |
Everest Re Group Ltd. | 381,428 | 101,040 | |
Globe Life, Inc. | 902,171 | 86,672 | |
Hartford Financial Services Group, Inc. | 3,398,924 | 228,476 | |
Lincoln National Corp. (b) | 1,702,844 | 116,900 | |
Loews Corp. (b) | 2,128,663 | 118,928 | |
Marsh & McLennan Companies, Inc. | 4,839,034 | 760,696 | |
MetLife, Inc. | 7,080,647 | 439,000 | |
Principal Financial Group, Inc. | 2,407,204 | 160,825 | |
Progressive Corp. | 5,568,133 | 536,434 | |
Prudential Financial, Inc. | 3,749,182 | 396,963 | |
The Travelers Companies, Inc. | 2,393,198 | 382,218 | |
Unum Group | 1,943,489 | 51,736 | |
W.R. Berkley Corp. | 1,333,447 | 100,422 | |
Willis Towers Watson PLC | 1,227,306 | 270,891 | |
6,879,911 | |||
TOTAL FINANCIALS | 40,724,650 | ||
HEALTH CARE - 13.4% | |||
Biotechnology - 1.9% | |||
AbbVie, Inc. | 16,806,832 | 2,029,929 | |
Amgen, Inc. | 5,467,280 | 1,233,036 | |
Biogen, Inc. (a) | 1,432,635 | 485,534 | |
Gilead Sciences, Inc. | 11,934,372 | 868,584 | |
Incyte Corp. (a) | 1,778,817 | 136,062 | |
Moderna, Inc. (a) | 2,903,822 | 1,093,841 | |
Regeneron Pharmaceuticals, Inc. (a) | 996,245 | 670,871 | |
Vertex Pharmaceuticals, Inc. (a) | 2,463,289 | 493,372 | |
7,011,229 | |||
Health Care Equipment & Supplies - 3.8% | |||
Abbott Laboratories | 16,907,677 | 2,136,623 | |
Abiomed, Inc. (a)(b) | 431,024 | 156,875 | |
Align Technology, Inc. (a)(b) | 685,269 | 485,856 | |
Baxter International, Inc. | 4,784,984 | 364,711 | |
Becton, Dickinson & Co. | 2,767,343 | 696,540 | |
Boston Scientific Corp. (a)(b) | 13,520,947 | 610,471 | |
Danaher Corp. | 6,040,737 | 1,958,165 | |
Dentsply Sirona, Inc. | 2,077,453 | 128,179 | |
DexCom, Inc. (a)(b) | 920,224 | 487,185 | |
Edwards Lifesciences Corp. (a) | 5,915,305 | 693,155 | |
Hologic, Inc. (a) | 2,438,236 | 192,986 | |
IDEXX Laboratories, Inc. (a) | 811,508 | 546,762 | |
Intuitive Surgical, Inc. (a) | 1,126,782 | 1,187,132 | |
Medtronic PLC | 12,802,425 | 1,708,868 | |
ResMed, Inc. | 1,384,704 | 402,298 | |
STERIS PLC | 929,117 | 199,769 | |
Stryker Corp. | 3,118,966 | 864,265 | |
Teleflex, Inc. | 444,698 | 175,860 | |
The Cooper Companies, Inc. (b) | 468,630 | 211,216 | |
West Pharmaceutical Services, Inc. | 702,487 | 317,257 | |
Zimmer Biomet Holdings, Inc. | 1,983,851 | 298,470 | |
13,822,643 | |||
Health Care Providers & Services - 2.5% | |||
AmerisourceBergen Corp. | 1,407,337 | 171,991 | |
Anthem, Inc. | 2,329,831 | 873,990 | |
Cardinal Health, Inc. | 2,760,966 | 144,923 | |
Centene Corp. (a) | 5,545,124 | 349,232 | |
Cigna Corp. | 3,265,271 | 691,095 | |
CVS Health Corp. | 12,528,056 | 1,082,299 | |
DaVita HealthCare Partners, Inc. (a) | 666,976 | 87,220 | |
HCA Holdings, Inc. | 2,500,826 | 632,659 | |
Henry Schein, Inc. (a) | 1,338,824 | 101,202 | |
Humana, Inc. | 1,227,656 | 497,716 | |
Laboratory Corp. of America Holdings (a) | 929,122 | 281,877 | |
McKesson Corp. | 1,505,249 | 307,282 | |
Quest Diagnostics, Inc. (b) | 1,243,113 | 189,985 | |
UnitedHealth Group, Inc. | 8,979,981 | 3,738,097 | |
Universal Health Services, Inc. Class B | 741,960 | 115,568 | |
9,265,136 | |||
Health Care Technology - 0.1% | |||
Cerner Corp. | 2,867,250 | 218,915 | |
Life Sciences Tools & Services - 1.4% | |||
Agilent Technologies, Inc. | 2,887,469 | 506,664 | |
Bio-Rad Laboratories, Inc. Class A (a) | 205,079 | 165,052 | |
Bio-Techne Corp. | 370,085 | 184,724 | |
Charles River Laboratories International, Inc. (a) | 478,193 | 212,251 | |
Illumina, Inc. (a)(b) | 1,389,291 | 635,128 | |
IQVIA Holdings, Inc. (a)(b) | 1,823,787 | 473,692 | |
Mettler-Toledo International, Inc. (a) | 221,421 | 343,829 | |
PerkinElmer, Inc. | 1,066,625 | 197,112 | |
Thermo Fisher Scientific, Inc. | 3,739,934 | 2,075,476 | |
Waters Corp. (a)(b) | 587,119 | 243,079 | |
5,037,007 | |||
Pharmaceuticals - 3.7% | |||
Bristol-Myers Squibb Co. | 21,257,373 | 1,421,268 | |
Catalent, Inc. (a) | 1,620,923 | 211,433 | |
Eli Lilly & Co. | 7,574,405 | 1,956,393 | |
Johnson & Johnson | 25,058,596 | 4,338,395 | |
Merck & Co., Inc. | 24,094,288 | 1,838,153 | |
Organon & Co. (b) | 2,407,781 | 81,600 | |
Perrigo Co. PLC | 1,270,814 | 52,040 | |
Pfizer, Inc. | 53,265,952 | 2,453,962 | |
Viatris, Inc. | 11,501,209 | 168,263 | |
Zoetis, Inc. Class A | 4,517,736 | 924,148 | |
13,445,655 | |||
TOTAL HEALTH CARE | 48,800,585 | ||
INDUSTRIALS - 8.2% | |||
Aerospace & Defense - 1.5% | |||
General Dynamics Corp. | 2,178,187 | 436,313 | |
Howmet Aerospace, Inc. | 3,719,625 | 118,098 | |
Huntington Ingalls Industries, Inc. | 382,836 | 78,164 | |
L3Harris Technologies, Inc. | 1,950,565 | 454,501 | |
Lockheed Martin Corp. | 2,327,366 | 837,386 | |
Northrop Grumman Corp. | 1,424,439 | 523,766 | |
Raytheon Technologies Corp. | 14,417,132 | 1,221,996 | |
Teledyne Technologies, Inc. (a) | 441,938 | 204,785 | |
Textron, Inc. | 2,147,784 | 156,079 | |
The Boeing Co. (a) | 5,230,979 | 1,148,200 | |
TransDigm Group, Inc. (a) | 522,336 | 317,303 | |
5,496,591 | |||
Air Freight & Logistics - 0.6% | |||
C.H. Robinson Worldwide, Inc. | 1,265,488 | 113,970 | |
Expeditors International of Washington, Inc. | 1,607,073 | 200,306 | |
FedEx Corp. | 2,322,916 | 617,176 | |
United Parcel Service, Inc. Class B | 6,882,865 | 1,346,495 | |
2,277,947 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 1,184,531 | 67,921 | |
American Airlines Group, Inc. (a)(b) | 6,103,222 | 121,698 | |
Delta Air Lines, Inc. (a) | 6,086,699 | 246,146 | |
Southwest Airlines Co. (a)(b) | 5,627,376 | 280,131 | |
United Airlines Holdings, Inc. (a) | 3,079,080 | 143,208 | |
859,104 | |||
Building Products - 0.5% | |||
A.O. Smith Corp. | 1,279,550 | 93,049 | |
Allegion PLC | 856,206 | 123,285 | |
Carrier Global Corp. | 7,772,971 | 447,723 | |
Fortune Brands Home & Security, Inc. | 1,317,242 | 128,260 | |
Johnson Controls International PLC | 6,820,018 | 510,137 | |
Masco Corp. (b) | 2,414,957 | 146,636 | |
Trane Technologies PLC | 2,275,654 | 451,717 | |
1,900,807 | |||
Commercial Services & Supplies - 0.4% | |||
Cintas Corp. | 839,708 | 332,331 | |
Copart, Inc. (a) | 1,981,061 | 285,907 | |
Republic Services, Inc. | 2,003,647 | 248,713 | |
Rollins, Inc. | 2,107,313 | 82,017 | |
Waste Management, Inc. | 3,695,483 | 573,206 | |
1,522,174 | |||
Construction & Engineering - 0.1% | |||
Quanta Services, Inc. | 1,325,979 | 135,382 | |
Electrical Equipment - 0.6% | |||
AMETEK, Inc. | 2,197,360 | 298,775 | |
Eaton Corp. PLC | 3,792,004 | 638,422 | |
Emerson Electric Co. | 5,706,562 | 602,042 | |
Generac Holdings, Inc. (a) | 599,060 | 261,777 | |
Rockwell Automation, Inc. (b) | 1,104,554 | 359,477 | |
2,160,493 | |||
Industrial Conglomerates - 1.2% | |||
3M Co. | 5,515,998 | 1,074,185 | |
General Electric Co. | 10,441,854 | 1,100,676 | |
Honeywell International, Inc. | 6,609,174 | 1,532,734 | |
Roper Technologies, Inc. | 1,001,421 | 483,967 | |
4,191,562 | |||
Machinery - 1.6% | |||
Caterpillar, Inc. | 5,212,571 | 1,099,175 | |
Cummins, Inc. (b) | 1,391,222 | 328,301 | |
Deere & Co. | 2,968,344 | 1,122,123 | |
Dover Corp. | 1,369,568 | 238,798 | |
Fortive Corp. | 3,221,314 | 237,958 | |
IDEX Corp. (b) | 722,538 | 161,849 | |
Illinois Tool Works, Inc. | 2,735,321 | 636,947 | |
Ingersoll Rand, Inc. (a) | 3,695,681 | 195,945 | |
Otis Worldwide Corp. | 3,838,578 | 353,994 | |
PACCAR, Inc. | 3,303,432 | 270,452 | |
Parker Hannifin Corp. | 1,228,057 | 364,328 | |
Pentair PLC (b) | 1,581,532 | 122,031 | |
Snap-On, Inc. (b) | 514,610 | 115,762 | |
Stanley Black & Decker, Inc. | 1,536,738 | 297,005 | |
Westinghouse Air Brake Tech Co. (b) | 1,690,545 | 151,794 | |
Xylem, Inc. | 1,713,228 | 233,530 | |
5,929,992 | |||
Professional Services - 0.4% | |||
Equifax, Inc. | 1,158,089 | 315,301 | |
IHS Markit Ltd. | 3,564,707 | 429,904 | |
Jacobs Engineering Group, Inc. | 1,239,090 | 167,228 | |
Leidos Holdings, Inc. | 1,264,971 | 124,106 | |
Nielsen Holdings PLC | 3,411,358 | 73,208 | |
Robert Half International, Inc. | 1,073,193 | 110,968 | |
Verisk Analytics, Inc. | 1,542,410 | 311,197 | |
1,531,912 | |||
Road & Rail - 0.9% | |||
CSX Corp. | 21,621,542 | 703,349 | |
J.B. Hunt Transport Services, Inc. (b) | 794,373 | 140,922 | |
Kansas City Southern | 865,300 | 242,864 | |
Norfolk Southern Corp. | 2,381,214 | 603,733 | |
Old Dominion Freight Lines, Inc. | 904,862 | 261,252 | |
Union Pacific Corp. | 6,321,304 | 1,370,712 | |
3,322,832 | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. (b) | 5,465,264 | 305,235 | |
United Rentals, Inc. (a) | 688,727 | 242,880 | |
W.W. Grainger, Inc. | 416,526 | 180,647 | |
728,762 | |||
TOTAL INDUSTRIALS | 30,057,558 | ||
INFORMATION TECHNOLOGY - 27.9% | |||
Communications Equipment - 0.9% | |||
Arista Networks, Inc. (a) | 522,906 | 193,229 | |
Cisco Systems, Inc. | 40,101,085 | 2,366,766 | |
F5 Networks, Inc. (a) | 567,280 | 115,481 | |
Juniper Networks, Inc. | 3,118,681 | 90,379 | |
Motorola Solutions, Inc. | 1,614,508 | 394,295 | |
3,160,150 | |||
Electronic Equipment & Components - 0.6% | |||
Amphenol Corp. Class A | 5,686,732 | 435,774 | |
CDW Corp. | 1,334,140 | 267,642 | |
Corning, Inc. | 7,372,143 | 294,812 | |
IPG Photonics Corp. (a)(b) | 341,595 | 58,303 | |
Keysight Technologies, Inc. (a) | 1,753,039 | 314,460 | |
TE Connectivity Ltd. | 3,142,317 | 472,039 | |
Trimble, Inc. (a) | 2,388,110 | 225,008 | |
Zebra Technologies Corp. Class A (a) | 509,194 | 298,983 | |
2,367,021 | |||
IT Services - 4.9% | |||
Accenture PLC Class A (b) | 6,048,624 | 2,035,725 | |
Akamai Technologies, Inc. (a) | 1,550,985 | 175,649 | |
Automatic Data Processing, Inc. | 4,049,098 | 846,423 | |
Broadridge Financial Solutions, Inc. | 1,105,022 | 190,307 | |
Cognizant Technology Solutions Corp. Class A | 5,018,691 | 382,976 | |
DXC Technology Co. (a) | 2,424,672 | 89,034 | |
Fidelity National Information Services, Inc. | 5,900,929 | 753,962 | |
Fiserv, Inc. (a)(b) | 5,667,470 | 667,571 | |
FleetCor Technologies, Inc. (a) | 793,134 | 208,816 | |
Gartner, Inc. (a) | 819,083 | 252,884 | |
Global Payments, Inc. | 2,809,184 | 456,886 | |
IBM Corp. | 8,502,491 | 1,193,240 | |
Jack Henry & Associates, Inc. | 706,856 | 124,675 | |
MasterCard, Inc. Class A | 8,324,192 | 2,882,085 | |
Paychex, Inc. | 3,051,880 | 349,349 | |
PayPal Holdings, Inc. (a) | 11,178,354 | 3,226,744 | |
The Western Union Co. | 3,894,327 | 84,273 | |
VeriSign, Inc. (a) | 943,053 | 203,945 | |
Visa, Inc. Class A | 16,098,712 | 3,688,215 | |
17,812,759 | |||
Semiconductors & Semiconductor Equipment - 5.6% | |||
Advanced Micro Devices, Inc. (a)(b) | 11,561,768 | 1,280,119 | |
Analog Devices, Inc. | 5,118,450 | 834,051 | |
Applied Materials, Inc. | 8,732,182 | 1,179,980 | |
Broadcom, Inc. | 3,885,278 | 1,931,799 | |
Enphase Energy, Inc. (a) | 1,291,270 | 224,332 | |
Intel Corp. | 38,424,379 | 2,077,222 | |
KLA Corp. | 1,458,584 | 495,860 | |
Lam Research Corp. | 1,357,119 | 820,813 | |
Microchip Technology, Inc. | 2,602,837 | 409,582 | |
Micron Technology, Inc. | 10,671,048 | 786,456 | |
Monolithic Power Systems, Inc. (b) | 409,259 | 202,555 | |
NVIDIA Corp. | 23,713,113 | 5,308,180 | |
NXP Semiconductors NV | 2,623,952 | 564,491 | |
Qorvo, Inc. (a) | 1,071,346 | 201,445 | |
Qualcomm, Inc. | 10,733,705 | 1,574,527 | |
Skyworks Solutions, Inc. | 1,570,976 | 288,211 | |
Teradyne, Inc. | 1,582,140 | 192,135 | |
Texas Instruments, Inc. | 8,787,975 | 1,677,712 | |
Xilinx, Inc. | 2,339,338 | 363,978 | |
20,413,448 | |||
Software - 9.4% | |||
Adobe, Inc. (a) | 4,548,502 | 3,018,841 | |
ANSYS, Inc. (a) | 829,312 | 302,997 | |
Autodesk, Inc. (a) | 2,093,575 | 649,197 | |
Cadence Design Systems, Inc. (a) | 2,647,883 | 432,876 | |
Citrix Systems, Inc. | 1,181,538 | 121,545 | |
Fortinet, Inc. (a) | 1,289,889 | 406,496 | |
Intuit, Inc. | 2,600,249 | 1,472,027 | |
Microsoft Corp. | 71,668,177 | 21,635,189 | |
NortonLifeLock, Inc. | 5,518,585 | 146,574 | |
Oracle Corp. | 17,286,469 | 1,540,743 | |
Paycom Software, Inc. (a) | 467,450 | 228,536 | |
PTC, Inc. (a) | 1,000,763 | 131,760 | |
Salesforce.com, Inc. (a) | 9,189,375 | 2,437,666 | |
ServiceNow, Inc. (a)(b) | 1,878,854 | 1,209,306 | |
Synopsys, Inc. (a) | 1,451,656 | 482,298 | |
Tyler Technologies, Inc. (a)(b) | 387,661 | 188,287 | |
34,404,338 | |||
Technology Hardware, Storage & Peripherals - 6.5% | |||
Apple, Inc. | 149,266,743 | 22,663,173 | |
Hewlett Packard Enterprise Co. | 12,426,823 | 192,119 | |
HP, Inc. | 11,430,749 | 339,950 | |
NetApp, Inc. | 2,118,204 | 188,372 | |
Seagate Technology Holdings PLC | 1,894,760 | 165,962 | |
Western Digital Corp. (a) | 2,916,111 | 184,298 | |
23,733,874 | |||
TOTAL INFORMATION TECHNOLOGY | 101,891,590 | ||
MATERIALS - 2.6% | |||
Chemicals - 1.7% | |||
Air Products & Chemicals, Inc. | 2,105,955 | 567,576 | |
Albemarle Corp. U.S. | 1,110,690 | 262,945 | |
Celanese Corp. Class A | 1,071,784 | 169,985 | |
CF Industries Holdings, Inc. | 2,041,265 | 92,714 | |
Corteva, Inc. (b) | 7,014,030 | 308,407 | |
Dow, Inc. | 7,108,098 | 447,099 | |
DuPont de Nemours, Inc. | 5,063,696 | 374,815 | |
Eastman Chemical Co. | 1,299,048 | 147,000 | |
Ecolab, Inc. | 2,367,173 | 533,466 | |
FMC Corp. | 1,226,358 | 114,824 | |
International Flavors & Fragrances, Inc. | 2,368,647 | 358,850 | |
Linde PLC | 4,950,141 | 1,557,265 | |
LyondellBasell Industries NV Class A | 2,449,841 | 245,842 | |
PPG Industries, Inc. | 2,256,084 | 359,958 | |
Sherwin-Williams Co. | 2,277,628 | 691,647 | |
The Mosaic Co. | 3,288,681 | 105,830 | |
6,338,223 | |||
Construction Materials - 0.1% | |||
Martin Marietta Materials, Inc. | 593,486 | 226,267 | |
Vulcan Materials Co. | 1,262,403 | 234,719 | |
460,986 | |||
Containers & Packaging - 0.4% | |||
Amcor PLC | 14,671,271 | 188,526 | |
Avery Dennison Corp. | 789,881 | 178,031 | |
Ball Corp. | 3,123,576 | 299,738 | |
International Paper Co. | 3,727,676 | 223,996 | |
Packaging Corp. of America | 903,946 | 137,129 | |
Sealed Air Corp. | 1,446,295 | 88,267 | |
WestRock Co. | 2,532,286 | 131,780 | |
1,247,467 | |||
Metals & Mining - 0.4% | |||
Freeport-McMoRan, Inc. (b) | 13,945,498 | 507,477 | |
Newmont Corp. | 7,623,616 | 442,093 | |
Nucor Corp. | 2,847,493 | 334,751 | |
1,284,321 | |||
TOTAL MATERIALS | 9,330,997 | ||
REAL ESTATE - 2.6% | |||
Equity Real Estate Investment Trusts (REITs) - 2.5% | |||
Alexandria Real Estate Equities, Inc. | 1,305,343 | 269,384 | |
American Tower Corp. | 4,326,747 | 1,264,146 | |
AvalonBay Communities, Inc. | 1,328,439 | 304,983 | |
Boston Properties, Inc. | 1,351,492 | 152,705 | |
Crown Castle International Corp. | 4,112,583 | 800,679 | |
Digital Realty Trust, Inc. | 2,679,500 | 439,197 | |
Duke Realty Corp. | 3,568,253 | 187,369 | |
Equinix, Inc. | 852,415 | 718,969 | |
Equity Residential (SBI) | 3,274,207 | 275,263 | |
Essex Property Trust, Inc. | 618,512 | 204,567 | |
Extra Space Storage, Inc. | 1,272,516 | 237,846 | |
Federal Realty Investment Trust (SBI) | 673,304 | 81,988 | |
Healthpeak Properties, Inc. | 5,128,345 | 184,620 | |
Host Hotels & Resorts, Inc. (a) | 6,718,916 | 111,265 | |
Iron Mountain, Inc. | 2,747,482 | 131,192 | |
Kimco Realty Corp. | 5,717,944 | 124,594 | |
Mid-America Apartment Communities, Inc. | 1,089,425 | 209,573 | |
Prologis (REIT), Inc. | 7,039,444 | 947,932 | |
Public Storage | 1,448,580 | 468,775 | |
Realty Income Corp. | 3,554,772 | 256,726 | |
Regency Centers Corp. | 1,503,213 | 103,150 | |
SBA Communications Corp. Class A | 1,040,493 | 373,506 | |
Simon Property Group, Inc. | 3,126,195 | 420,317 | |
UDR, Inc. | 2,824,600 | 152,585 | |
Ventas, Inc. | 3,569,733 | 199,691 | |
Vornado Realty Trust | 1,493,980 | 62,568 | |
Welltower, Inc. | 3,972,997 | 347,756 | |
Weyerhaeuser Co. | 7,129,300 | 256,655 | |
9,288,001 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (a) | 3,194,015 | 307,584 | |
TOTAL REAL ESTATE | 9,595,585 | ||
UTILITIES - 2.5% | |||
Electric Utilities - 1.6% | |||
Alliant Energy Corp. | 2,380,214 | 144,693 | |
American Electric Power Co., Inc. | 4,755,465 | 425,947 | |
Duke Energy Corp. | 7,319,633 | 766,073 | |
Edison International | 3,610,620 | 208,838 | |
Entergy Corp. (b) | 1,909,422 | 211,201 | |
Evergy, Inc. | 2,181,650 | 149,334 | |
Eversource Energy | 3,268,319 | 296,535 | |
Exelon Corp. | 9,298,491 | 455,812 | |
FirstEnergy Corp. | 5,175,593 | 201,175 | |
NextEra Energy, Inc. | 18,664,509 | 1,567,632 | |
NRG Energy, Inc. (b) | 2,329,010 | 106,366 | |
Pinnacle West Capital Corp. | 1,072,906 | 82,506 | |
PPL Corp. | 7,321,654 | 214,891 | |
Southern Co. | 10,073,570 | 662,136 | |
Xcel Energy, Inc. | 5,121,417 | 352,097 | |
5,845,236 | |||
Gas Utilities - 0.0% | |||
Atmos Energy Corp. | 1,243,436 | 121,247 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
The AES Corp. | 6,339,919 | 151,334 | |
Multi-Utilities - 0.7% | |||
Ameren Corp. | 2,431,769 | 213,315 | |
CenterPoint Energy, Inc. (b) | 5,523,841 | 138,593 | |
CMS Energy Corp. | 2,754,423 | 176,641 | |
Consolidated Edison, Inc. | 3,262,109 | 246,126 | |
Dominion Energy, Inc. | 7,674,625 | 597,393 | |
DTE Energy Co. | 1,843,450 | 221,841 | |
NiSource, Inc. | 3,732,223 | 91,999 | |
Public Service Enterprise Group, Inc. | 4,806,317 | 307,316 | |
Sempra Energy | 2,998,120 | 396,831 | |
WEC Energy Group, Inc. | 3,001,588 | 283,590 | |
2,673,645 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 1,726,813 | 314,712 | |
TOTAL UTILITIES | 9,106,174 | ||
TOTAL COMMON STOCKS | |||
(Cost $164,828,078) | 364,566,541 | ||
Money Market Funds - 0.3% | |||
Fidelity Cash Central Fund 0.06% (c) | 228,249,781 | 228,295 | |
Fidelity Securities Lending Cash Central Fund 0.06% (c)(d) | 834,270,841 | 834,354 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $1,062,642) | 1,062,649 | ||
TOTAL INVESTMENT IN SECURITIES - 100.2% | |||
(Cost $165,890,720) | 365,629,190 | ||
NET OTHER ASSETS (LIABILITIES) - (0.2)% | (555,686) | ||
NET ASSETS - 100% | $365,073,504 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount (000s) | Value (000s) | Unrealized Appreciation/(Depreciation) (000s) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 2,261 | Sept. 2021 | $511,043 | $33,989 | $33,989 |
The notional amount of futures purchased as a percentage of Net Assets is 0.1%
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 are available on the SEC's website or upon request.
(d) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund (Amounts in thousands) | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $488,507 | $8,198,446 | $8,458,658 | $184 | $-- | $-- | $228,295 | 0.4% |
Fidelity Securities Lending Cash Central Fund 0.06% | 975,122 | 7,345,598 | 7,486,366 | 702 | -- | -- | 834,354 | 2.5% |
Total | $1,463,629 | $15,544,044 | $15,945,024 | $886 | $-- | $-- | $1,062,649 |
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 August 31, 2021, 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 |
(Amounts in thousands) | ||||
Investments in Securities: | ||||
Equities: | ||||
Communication Services | $41,801,710 | $41,801,710 | $-- | $-- |
Consumer Discretionary | 43,496,864 | 43,496,864 | -- | -- |
Consumer Staples | 20,990,849 | 20,990,849 | -- | -- |
Energy | 8,769,979 | 8,769,979 | -- | -- |
Financials | 40,724,650 | 40,724,650 | -- | -- |
Health Care | 48,800,585 | 48,800,585 | -- | -- |
Industrials | 30,057,558 | 30,057,558 | -- | -- |
Information Technology | 101,891,590 | 101,891,590 | -- | -- |
Materials | 9,330,997 | 9,330,997 | -- | -- |
Real Estate | 9,595,585 | 9,595,585 | -- | -- |
Utilities | 9,106,174 | 9,106,174 | -- | -- |
Money Market Funds | 1,062,649 | 1,062,649 | -- | -- |
Total Investments in Securities: | $365,629,190 | $365,629,190 | $-- | $-- |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $33,989 | $33,989 | $-- | $-- |
Total Assets | $33,989 | $33,989 | $-- | $-- |
Total Derivative Instruments: | $33,989 | $33,989 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2021. 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 | |
(Amounts in thousands) | ||
Equity Risk | ||
Futures Contracts(a) | $33,989 | $0 |
Total Equity Risk | 33,989 | 0 |
Total Value of Derivatives | $33,989 | $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.
Financial Statements
Statement of Assets and Liabilities
Amounts in thousands (except per-share amount) | August 31, 2021 (Unaudited) | |
Assets | ||
Investment in securities, at value (including securities loaned of $821,808) — See accompanying schedule: Unaffiliated issuers (cost $164,828,078) | $364,566,541 | |
Fidelity Central Funds (cost $1,062,642) | 1,062,649 | |
Total Investment in Securities (cost $165,890,720) | $365,629,190 | |
Segregated cash with brokers for derivative instruments | 27,416 | |
Receivable for investments sold | 143 | |
Receivable for fund shares sold | 303,604 | |
Dividends receivable | 456,370 | |
Distributions receivable from Fidelity Central Funds | 106 | |
Other receivables | 5,705 | |
Total assets | 366,422,534 | |
Liabilities | ||
Payable to custodian bank | $143 | |
Payable for investments purchased | 275,340 | |
Payable for fund shares redeemed | 228,645 | |
Accrued management fee | 4,485 | |
Payable for daily variation margin on futures contracts | 562 | |
Other payables and accrued expenses | 5,705 | |
Collateral on securities loaned | 834,150 | |
Total liabilities | 1,349,030 | |
Net Assets | $365,073,504 | |
Net Assets consist of: | ||
Paid in capital | $166,806,849 | |
Total accumulated earnings (loss) | 198,266,655 | |
Net Assets | $365,073,504 | |
Net Asset Value, offering price and redemption price per share ($365,073,504 ÷ 2,321,261 shares) | $157.27 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Amounts in thousands | Six months ended August 31, 2021 (Unaudited) | |
Investment Income | ||
Dividends | $2,376,926 | |
Income from Fidelity Central Funds (including $702 from security lending) | 886 | |
Total income | 2,377,812 | |
Expenses | ||
Management fee | $24,409 | |
Independent trustees' fees and expenses | 595 | |
Interest | 6 | |
Total expenses before reductions | 25,010 | |
Total expenses after reductions | 25,010 | |
Net investment income (loss) | 2,352,802 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 1,359,081 | |
Futures contracts | 112,805 | |
Total net realized gain (loss) | 1,471,886 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 54,569,843 | |
Futures contracts | 28,005 | |
Total change in net unrealized appreciation (depreciation) | 54,597,848 | |
Net gain (loss) | 56,069,734 | |
Net increase (decrease) in net assets resulting from operations | $58,422,536 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Amounts in thousands | Six months ended August 31, 2021 (Unaudited) | Year ended February 28, 2021 |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $2,352,802 | $4,185,746 |
Net realized gain (loss) | 1,471,886 | (2,451,236) |
Change in net unrealized appreciation (depreciation) | 54,597,848 | 65,533,961 |
Net increase (decrease) in net assets resulting from operations | 58,422,536 | 67,268,471 |
Distributions to shareholders | (2,065,206) | (4,452,321) |
Share transactions | ||
Proceeds from sales of shares | 41,773,053 | 82,376,548 |
Reinvestment of distributions | 1,951,323 | 4,233,128 |
Cost of shares redeemed | (27,320,511) | (76,517,878) |
Net increase (decrease) in net assets resulting from share transactions | 16,403,865 | 10,091,798 |
Total increase (decrease) in net assets | 72,761,195 | 72,907,948 |
Net Assets | ||
Beginning of period | 292,312,309 | 219,404,361 |
End of period | $365,073,504 | $292,312,309 |
Other Information | ||
Shares | ||
Sold | 286,601 | 738,928 |
Issued in reinvestment of distributions | 13,234 | 38,032 |
Redeemed | (186,192) | (704,489) |
Net increase (decrease) | 113,643 | 72,471 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity 500 Index Fund
Six months ended (Unaudited) August 31, | Years endedFebruary 28, | |||||
2021 | 2021 | 2020 A | 2019 | 2018 | 2017 | |
Selected Per–Share Data | ||||||
Net asset value, beginning of period | $132.41 | $102.76 | $97.10 | $95.15 | $83.00 | $68.15 |
Income from Investment Operations | ||||||
Net investment income (loss)B | 1.03 | 1.95 | 2.05 | 1.86 | 1.74 | 1.61 |
Net realized and unrealized gain (loss) | 24.74 | 29.78 | 5.92 | 2.46 | 12.25 | 15.21 |
Total from investment operations | 25.77 | 31.73 | 7.97 | 4.32 | 13.99 | 16.82 |
Distributions from net investment income | (.91) | (2.08) | (2.19) | (1.81) | (1.69) | (1.58) |
Distributions from net realized gain | – | – | (.12) | (.57) | (.15) | (.40) |
Total distributions | (.91) | (2.08) | (2.31) | (2.37)C | (1.84) | (1.97)C |
Net asset value, end of period | $157.27 | $132.41 | $102.76 | $97.10 | $95.15 | $83.00 |
Total ReturnD,E | 19.51% | 31.29% | 8.18% | 4.67% | 17.08% | 24.97% |
Ratios to Average Net AssetsF,G | ||||||
Expenses before reductions | .02%H | .02% | .02% | .02% | .02% | .02% |
Expenses net of fee waivers, if any | .02%H | .02% | .02% | .02% | .02% | .02% |
Expenses net of all reductions | .02%H | .02% | .02% | .02% | .02% | .02% |
Net investment income (loss) | 1.41%H | 1.69% | 1.96% | 1.99% | 1.96% | 2.11% |
Supplemental Data | ||||||
Net assets, end of period (in millions) | $365,074 | $292,312 | $219,404 | $179,593 | $32,225 | $14,824 |
Portfolio turnover rateI | 2%H,J | 7%J | 4%J | 4%J | 4%J | 5% |
A For the year ended February 29.
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 Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Portfolio turnover rate excludes securities received or delivered in-kind.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements (Unaudited)
For the period ended August 31, 2021
(Amounts in thousands except percentages)
1. Organization.
Fidelity 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. 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.
2. Investments in Fidelity Central Funds.
Funds may invest 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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio(a) |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% to .01% |
(a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission 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 Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. 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 August 31, 2021 is included at the end of the Fund's Schedule of Investments.
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 and 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 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.
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. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan) for certain Funds, certain independent Trustees have elected to defer receipt of a portion of their annual compensation. Deferred amounts are invested in affiliated mutual funds, are marked-to-market and remain in a fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees presented below are included in the accompanying Statement of Assets and Liabilities in other receivables and other payables and accrued expenses, as applicable.
Fidelity 500 Index Fund | $5,705 |
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. 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.
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, market discount, certain deemed distributions, redemptions in-kind, short-term gain distributions from the Underlying Funds, deferred trustees compensation, 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 | $204,229,833 |
Gross unrealized depreciation | (6,357,990) |
Net unrealized appreciation (depreciation) | $197,871,843 |
Tax cost | $167,791,336 |
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 prior fiscal period end and is subject to adjustment.
No expiration | |
Short-term | $(746,172) |
Long-term | (1,247,864) |
Total capital loss carryforward | $(1,994,036) |
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 and is representative of volume of activity during the period. 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 and in-kind transactions, as applicable, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity 500 Index Fund | 21,609,296 | 3,134,256 |
Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below. The net realized gain or loss on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity 500 Index Fund | 8,607 | 1,088,014 | 1,342,497 |
Unaffiliated Exchanges In-Kind. Shares that were exchanged for investments, including accrued interest and cash, if any, are shown in the table below. The amount of in-kind exchanges is included in share transactions in the accompanying Statement of Changes in Net Assets.
Shares | Total Proceeds ($) | |
Fidelity 500 Index Fund | 728 | 105,156 |
Prior Fiscal Year Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below; along with realized gain or loss on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity 500 Index Fund | 351 | 27,619 | 36,739 |
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .015% of the Fund's average net assets. The management fee is reduced by an amount equal to the fees and expenses paid by the Fund to the independent Trustees. Under the management contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense.
Under the expense contract, the investment adviser pays all other operating expenses, except the compensation of the independent Trustees, as necessary so that the total expenses do not exceed .015% of average net assets. This expense contract will remain in place through April 30, 2022.
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 Lending Program. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), the 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 the 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 under the Expense Contract.
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity 500 Index Fund | Borrower | $74,290 | .33% | $6 |
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. Any 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 borne 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 Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity 500 Index Fund | $49 | $– | $– |
9. Other.
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.
10. 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.
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 (March 1, 2021 to August 31, 2021).
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 March 1, 2021 | Ending Account Value August 31, 2021 | Expenses Paid During Period-B March 1, 2021 to August 31, 2021 | |
Fidelity 500 Index Fund | .02% | |||
Actual | $1,000.00 | $1,195.10 | $.11 | |
Hypothetical-C | $1,000.00 | $1,025.10 | $.10 |
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/ 365 (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
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity 500 Index Fund
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement (Sub-Advisory Agreement) for the fund with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts). FMR and Geode are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established various standing committees (Committees), each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.At its May 2021 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness of the fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services provided by and the profits realized by Fidelity and Geode from their respective relationships with the fund; and (iv) the extent to which, if any, economies of scale exist and are realized as the fund grows, and whether any economies of scale are appropriately shared with fund shareholders.In considering whether to renew the Advisory Contracts for the fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of the fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that the fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in this fund, which is part of the Fidelity family of funds.Nature, Extent, and Quality of Services Provided. The Board considered staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity and Geode, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund.Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the fund and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement the fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.Resources Dedicated to Investment Management and Support Services. The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, training, managing, and compensating investment personnel. The Board considered that Fidelity's and Geode's investment professionals have extensive resources, tools and capabilities so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's and Geode's investments in business continuity planning, and their success in continuously providing services to the fund notwithstanding the severe disruptions caused by the COVID-19 pandemic.Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and by FMR's affiliates under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers.The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.The Board noted that, in the past, it and the boards of certain other Fidelity funds had formed an ad hoc Committee on Transfer Agency Fees to review the variety of transfer agency fee structures throughout the industry and Fidelity's competitive positioning with respect to industry participants.Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) approving the reduction in the holding period for the Class C to Class A conversion policy; (vii) reducing management fees and total expenses for certain target date funds and classes and index funds; (viii) lowering expenses for certain existing funds and classes by implementing or lowering expense caps; (ix) rationalizing product lines and gaining increased efficiencies from fund mergers, liquidations, and share class consolidations; (x) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xi) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.Investment Performance. The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.The Board took into account discussions that occur at Board meetings throughout the year with representatives of the Investment Advisers about fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for the fund for different time periods, measured against the securities market index the fund seeks to track and an appropriate peer group of funds with similar objectives (peer group). The Board also periodically considers the fund's tracking error versus its benchmark index. In its evaluation of fund investment performance, the Board gave particular attention to information indicating changes in performance of certain Fidelity funds for specific time periods and discussed with the Investment Advisers the reasons for any overperformance or underperformance.In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that an index fund's performance should be evaluated based on net performance (after fees and expenses) of both the highest performing and lowest performing fund share classes, where applicable, compared to a fund's benchmark index, over appropriate time periods taking into account relevant factors including the following: general market conditions; the characteristics of the fund's benchmark index; the extent to which statistical sampling is employed; any securities lending revenues; and fund cash flows and other factors.The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative total return information for the fund and an appropriate benchmark index and peer group for the most recent one-, three-, and five-year periods ended September 30, 2020, as shown below. Returns are shown compared to the 25th percentile (top of box, 75% beaten) and 75th percentile (bottom of box, 25% beaten) of the peer universe.Fidelity 500 Index Fund
Fidelity 500 Index Fund
The Board considered that effective July 1, 2016, the fund's management fee rate was reduced from 0.025% to 0.015%. The Board considered that the chart below reflects the fund's lower management fee rate for 2016, as if the lower fee rate were in effect for the entire year.
Board Approval of Investment Advisory Contracts
Fidelity 500 Index Fund
At its July 2021 meeting, the Board of Trustees, including a majority of the Independent Trustees (together, the Board), voted to approve an amended and restated sub-advisory agreement with Geode Capital Management, LLC (Geode) for the fund (the Amended Contract) to decrease the sub-advisory fee rate paid by Fidelity Management & Research Company LLC (FMR), the fund's investment adviser, to Geode on behalf of the fund by 0.05 basis points, effective August 1, 2021. 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 previously received and considered materials relating to the nature, extent and quality of services provided by FMR and Geode to the 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 the fund in connection with the annual renewal of the fund's current management contract and sub-advisory agreement (Advisory Contracts). At its May 2021 meeting, the Board concluded that the nature, extent and quality of the services provided to the fund under the existing Advisory Contracts should continue to benefit the fund's shareholders. The Board noted that approval of the Amended Contract 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 the fund under the Amended Contract should continue to benefit the fund's shareholders.Competitiveness of Management Fee and Total Expense Ratio. The Board noted that the Amended Contract would result in no change in the fund's management fee and total expense ratio and considered that it received and reviewed information regarding the fund's current management fee and total expense ratio compared to "mapped groups" of competitive funds and classes in connection with the annual renewal of the Advisory Contracts. Based on its review, the Board concluded at its May 2021 and July 2021 meetings that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered and that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.Costs of the Services and Profitability. The Board previously reviewed information regarding the revenues earned and the expenses incurred by Fidelity in providing services to the fund and the level of Fidelity's profitability. At its May 2021 meeting, the Board concluded that it was satisfied that Fidelity's profitability in connection with the operation of the fund was not excessive. At the July 2021 meeting, the Board concluded that the Amended Contract would not have a meaningful effect on Fidelity's profitability.Economies of Scale. The Board has previously received and reviewed information regarding whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale and that it concluded, at its May 2021 meeting, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity. At the July 2021 meeting, the Board concluded that the Amended Contract would not have a meaningful effect on any potential economies of scale.Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the sub-advisory fee arrangement is fair and reasonable, and that the fund's Amended Contract should be approved.U5I-U5A-SANN-1021
1.925892.110
Fidelity Flex® Funds
Fidelity Flex® 500 Index Fund
Semi-Annual Report
August 31, 2021
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
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 1-800-544-3455 (for managed account clients) or 1-800-835-5092 (for retirement plan participants) to request a free copy of the proxy voting guidelines.
Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). The fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index or indices.
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. © 2021 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 COVID-19 emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and corporate earnings. On March 11, 2020, the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread. The pandemic prompted a number of measures to limit the spread of COVID-19, 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. To help stem the turmoil, the U.S. government took unprecedented action – in concert with the U.S. Federal Reserve and central banks around the world – to help support consumers, businesses, and the broader economy, and to limit disruption to the financial system.
In general, the overall impact of the pandemic lessened in 2021, amid a resilient economy and widespread distribution of three COVID-19 vaccines granted emergency use authorization from the U.S. Food and Drug Administration (FDA) early in the year. Still, the situation remains dynamic, and the extent and duration of its influence on financial markets and the economy is highly uncertain, due in part to a recent spike in cases based on highly contagious variants of the coronavirus.
Extreme events such as the COVID-19 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 continue to take extra steps to be responsive to customer needs. We encourage you to visit us online, where we offer ongoing updates, commentary, and analysis on the markets and our funds.
Investment Summary (Unaudited)
Top Ten Stocks as of August 31, 2021
% of fund's net assets | |
Apple, Inc. | 6.2 |
Microsoft Corp. | 5.9 |
Amazon.com, Inc. | 3.9 |
Facebook, Inc. Class A | 2.4 |
Alphabet, Inc. Class A | 2.3 |
Alphabet, Inc. Class C | 2.1 |
Tesla, Inc. | 1.5 |
NVIDIA Corp. | 1.4 |
Berkshire Hathaway, Inc. Class B | 1.4 |
JPMorgan Chase & Co. | 1.3 |
28.4 |
Top Market Sectors as of August 31, 2021
% of fund's net assets | |
Information Technology | 27.8 |
Health Care | 13.3 |
Consumer Discretionary | 11.9 |
Communication Services | 11.4 |
Financials | 11.1 |
Industrials | 8.2 |
Consumer Staples | 5.7 |
Real Estate | 2.6 |
Materials | 2.5 |
Utilities | 2.5 |
Asset Allocation (% of fund's net assets)
As of August 31, 2021* | ||
Stocks and Equity Futures | 100.0% |
* Foreign investments - 3.6%
Schedule of Investments August 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.4% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 11.4% | |||
Diversified Telecommunication Services - 1.1% | |||
AT&T, Inc. | 462,387 | $12,678,652 | |
Lumen Technologies, Inc. | 64,175 | 789,353 | |
Verizon Communications, Inc. | 268,132 | 14,747,260 | |
28,215,265 | |||
Entertainment - 1.9% | |||
Activision Blizzard, Inc. | 50,329 | 4,145,600 | |
Electronic Arts, Inc. | 18,542 | 2,692,484 | |
Live Nation Entertainment, Inc. (a) | 9,296 | 805,963 | |
Netflix, Inc. (a) | 28,717 | 16,345,429 | |
Take-Two Interactive Software, Inc. (a) | 7,495 | 1,208,344 | |
The Walt Disney Co. (a) | 117,673 | 21,334,115 | |
46,531,935 | |||
Interactive Media & Services - 6.9% | |||
Alphabet, Inc.: | |||
Class A (a) | 19,465 | 56,330,737 | |
Class C (a) | 18,454 | 53,687,115 | |
Facebook, Inc. Class A (a) | 155,177 | 58,871,050 | |
Twitter, Inc. (a) | 51,695 | 3,334,328 | |
172,223,230 | |||
Media - 1.3% | |||
Charter Communications, Inc. Class A (a) | 8,920 | 7,284,607 | |
Comcast Corp. Class A | 296,930 | 18,017,712 | |
Discovery Communications, Inc.: | |||
Class A (a)(b) | 11,139 | 321,249 | |
Class C (non-vtg.) (a) | 18,996 | 524,100 | |
DISH Network Corp. Class A (a) | 16,049 | 699,576 | |
Fox Corp.: | |||
Class A | 21,133 | 791,220 | |
Class B | 9,964 | 345,053 | |
Interpublic Group of Companies, Inc. | 25,661 | 955,359 | |
News Corp.: | |||
Class A | 25,328 | 569,120 | |
Class B | 7,648 | 168,485 | |
Omnicom Group, Inc. | 13,975 | 1,023,250 | |
ViacomCBS, Inc. Class B | 39,366 | 1,631,721 | |
32,331,452 | |||
Wireless Telecommunication Services - 0.2% | |||
T-Mobile U.S., Inc. (a) | 37,949 | 5,199,772 | |
TOTAL COMMUNICATION SERVICES | 284,501,654 | ||
CONSUMER DISCRETIONARY - 11.9% | |||
Auto Components - 0.1% | |||
Aptiv PLC (a) | 17,519 | 2,666,217 | |
BorgWarner, Inc. | 15,464 | 660,004 | |
3,326,221 | |||
Automobiles - 1.8% | |||
Ford Motor Co. (a) | 253,946 | 3,308,916 | |
General Motors Co. (a) | 82,679 | 4,052,098 | |
Tesla, Inc. (a) | 49,911 | 36,720,521 | |
44,081,535 | |||
Distributors - 0.2% | |||
Genuine Parts Co. | 9,358 | 1,143,454 | |
LKQ Corp. (a) | 18,132 | 955,375 | |
Pool Corp. | 2,600 | 1,285,180 | |
3,384,009 | |||
Hotels, Restaurants & Leisure - 2.0% | |||
Booking Holdings, Inc. (a) | 2,659 | 6,114,823 | |
Caesars Entertainment, Inc. (a) | 13,525 | 1,374,546 | |
Carnival Corp. (a) | 51,734 | 1,248,859 | |
Chipotle Mexican Grill, Inc. (a) | 1,824 | 3,471,674 | |
Darden Restaurants, Inc. | 8,485 | 1,278,265 | |
Domino's Pizza, Inc. | 2,508 | 1,296,360 | |
Expedia, Inc. (a) | 9,121 | 1,317,985 | |
Hilton Worldwide Holdings, Inc. (a) | 18,048 | 2,253,473 | |
Las Vegas Sands Corp. (a) | 21,111 | 941,762 | |
Marriott International, Inc. Class A (a) | 17,302 | 2,338,192 | |
McDonald's Corp. | 48,328 | 11,475,967 | |
MGM Resorts International | 26,484 | 1,128,748 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 23,942 | 618,661 | |
Penn National Gaming, Inc. (a) | 9,599 | 778,479 | |
Royal Caribbean Cruises Ltd. (a) | 14,199 | 1,174,683 | |
Starbucks Corp. | 76,320 | 8,966,837 | |
Wynn Resorts Ltd. (a) | 6,818 | 693,322 | |
Yum! Brands, Inc. | 19,302 | 2,529,141 | |
49,001,777 | |||
Household Durables - 0.4% | |||
D.R. Horton, Inc. | 21,259 | 2,032,786 | |
Garmin Ltd. | 9,728 | 1,696,855 | |
Leggett & Platt, Inc. | 8,453 | 409,041 | |
Lennar Corp. Class A | 17,874 | 1,918,059 | |
Mohawk Industries, Inc. (a) | 3,788 | 749,115 | |
Newell Brands, Inc. | 24,656 | 626,509 | |
NVR, Inc. (a) | 222 | 1,149,947 | |
PulteGroup, Inc. | 17,223 | 927,631 | |
Whirlpool Corp. | 4,018 | 890,108 | |
10,400,051 | |||
Internet & Direct Marketing Retail - 4.1% | |||
Amazon.com, Inc. (a) | 27,762 | 96,356,072 | |
eBay, Inc. | 41,912 | 3,216,327 | |
Etsy, Inc. (a) | 8,254 | 1,785,010 | |
101,357,409 | |||
Leisure Products - 0.0% | |||
Hasbro, Inc. | 8,223 | 808,403 | |
Multiline Retail - 0.5% | |||
Dollar General Corp. | 15,297 | 3,409,854 | |
Dollar Tree, Inc. (a) | 15,075 | 1,364,891 | |
Target Corp. | 32,038 | 7,912,745 | |
12,687,490 | |||
Specialty Retail - 2.1% | |||
Advance Auto Parts, Inc. | 4,215 | 855,013 | |
AutoZone, Inc. (a) | 1,401 | 2,170,359 | |
Bath & Body Works, Inc. | 17,153 | 1,157,484 | |
Best Buy Co., Inc. | 14,456 | 1,684,269 | |
CarMax, Inc. (a) | 10,524 | 1,317,710 | |
Gap, Inc. | 13,608 | 363,742 | |
Lowe's Companies, Inc. | 45,782 | 9,334,492 | |
O'Reilly Automotive, Inc. (a) | 4,520 | 2,685,242 | |
Ross Stores, Inc. | 23,101 | 2,735,158 | |
The Home Depot, Inc. | 68,860 | 22,460,755 | |
TJX Companies, Inc. | 78,113 | 5,680,377 | |
Tractor Supply Co. | 7,436 | 1,444,443 | |
Ulta Beauty, Inc. (a) | 3,549 | 1,374,563 | |
53,263,607 | |||
Textiles, Apparel & Luxury Goods - 0.7% | |||
Hanesbrands, Inc. | 22,943 | 428,575 | |
NIKE, Inc. Class B | 82,571 | 13,602,747 | |
PVH Corp. (a) | 4,618 | 483,920 | |
Ralph Lauren Corp. | 3,149 | 365,693 | |
Tapestry, Inc. | 17,927 | 722,817 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 13,099 | 303,111 | |
Class C (non-vtg.) (a) | 11,288 | 226,437 | |
VF Corp. | 20,874 | 1,596,235 | |
17,729,535 | |||
TOTAL CONSUMER DISCRETIONARY | 296,040,037 | ||
CONSUMER STAPLES - 5.7% | |||
Beverages - 1.4% | |||
Brown-Forman Corp. Class B (non-vtg.) | 11,752 | 825,225 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 10,950 | 2,311,983 | |
Molson Coors Beverage Co. Class B | 12,181 | 578,963 | |
Monster Beverage Corp. (a) | 23,970 | 2,338,753 | |
PepsiCo, Inc. | 89,481 | 13,993,934 | |
The Coca-Cola Co. | 251,321 | 14,151,886 | |
34,200,744 | |||
Food & Staples Retailing - 1.3% | |||
Costco Wholesale Corp. | 28,630 | 13,040,679 | |
Kroger Co. | 49,036 | 2,257,127 | |
Sysco Corp. | 33,134 | 2,639,123 | |
Walgreens Boots Alliance, Inc. | 46,464 | 2,358,048 | |
Walmart, Inc. | 88,920 | 13,169,052 | |
33,464,029 | |||
Food Products - 0.8% | |||
Archer Daniels Midland Co. | 36,172 | 2,170,320 | |
Campbell Soup Co. | 13,175 | 549,793 | |
Conagra Brands, Inc. | 31,160 | 1,032,019 | |
General Mills, Inc. | 39,485 | 2,282,628 | |
Hormel Foods Corp. | 18,132 | 825,731 | |
Kellogg Co. | 16,384 | 1,034,486 | |
Lamb Weston Holdings, Inc. | 9,459 | 616,254 | |
McCormick & Co., Inc. (non-vtg.) | 16,078 | 1,387,371 | |
Mondelez International, Inc. | 90,963 | 5,646,073 | |
The Hershey Co. | 9,498 | 1,687,795 | |
The J.M. Smucker Co. | 7,146 | 883,746 | |
The Kraft Heinz Co. | 42,157 | 1,517,230 | |
Tyson Foods, Inc. Class A | 19,008 | 1,492,508 | |
21,125,954 | |||
Household Products - 1.3% | |||
Church & Dwight Co., Inc. | 15,833 | 1,324,589 | |
Colgate-Palmolive Co. | 54,810 | 4,272,440 | |
Kimberly-Clark Corp. | 21,866 | 3,013,353 | |
Procter & Gamble Co. | 158,563 | 22,577,786 | |
The Clorox Co. | 8,023 | 1,348,265 | |
32,536,433 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 15,022 | 5,114,841 | |
Tobacco - 0.7% | |||
Altria Group, Inc. | 119,850 | 6,020,066 | |
Philip Morris International, Inc. | 100,940 | 10,396,820 | |
16,416,886 | |||
TOTAL CONSUMER STAPLES | 142,858,887 | ||
ENERGY - 2.4% | |||
Energy Equipment & Services - 0.2% | |||
Baker Hughes Co. Class A | 47,378 | 1,079,271 | |
Halliburton Co. | 57,630 | 1,151,447 | |
NOV, Inc. (a) | 25,878 | 340,813 | |
Schlumberger Ltd. | 90,571 | 2,539,611 | |
5,111,142 | |||
Oil, Gas & Consumable Fuels - 2.2% | |||
APA Corp. | 24,629 | 479,773 | |
Cabot Oil & Gas Corp. | 26,348 | 418,670 | |
Chevron Corp. | 125,130 | 12,108,830 | |
ConocoPhillips Co. | 87,341 | 4,850,046 | |
Devon Energy Corp. | 38,741 | 1,144,797 | |
Diamondback Energy, Inc. | 11,636 | 897,601 | |
EOG Resources, Inc. | 37,778 | 2,550,771 | |
Exxon Mobil Corp. | 274,112 | 14,944,586 | |
Hess Corp. | 17,731 | 1,219,006 | |
Kinder Morgan, Inc. | 126,006 | 2,050,118 | |
Marathon Oil Corp. | 50,951 | 598,674 | |
Marathon Petroleum Corp. | 41,231 | 2,443,761 | |
Occidental Petroleum Corp. | 54,172 | 1,391,679 | |
ONEOK, Inc. | 28,987 | 1,522,397 | |
Phillips 66 Co. | 28,331 | 2,014,051 | |
Pioneer Natural Resources Co. | 15,002 | 2,245,349 | |
The Williams Companies, Inc. | 78,626 | 1,941,276 | |
Valero Energy Corp. | 26,509 | 1,757,812 | |
54,579,197 | |||
TOTAL ENERGY | 59,690,339 | ||
FINANCIALS - 11.1% | |||
Banks - 4.1% | |||
Bank of America Corp. | 488,365 | 20,389,239 | |
Citigroup, Inc. | 133,868 | 9,626,448 | |
Citizens Financial Group, Inc. | 27,614 | 1,209,217 | |
Comerica, Inc. | 9,011 | 666,003 | |
Fifth Third Bancorp | 45,612 | 1,772,482 | |
First Republic Bank | 11,403 | 2,268,513 | |
Huntington Bancshares, Inc. | 95,158 | 1,477,804 | |
JPMorgan Chase & Co. | 196,042 | 31,356,918 | |
KeyCorp | 62,904 | 1,278,209 | |
M&T Bank Corp. | 8,342 | 1,167,963 | |
Peoples United Financial, Inc. | 27,851 | 457,592 | |
PNC Financial Services Group, Inc. | 27,512 | 5,257,543 | |
Regions Financial Corp. | 62,305 | 1,272,891 | |
SVB Financial Group (a) | 3,800 | 2,126,100 | |
Truist Financial Corp. | 87,085 | 4,969,070 | |
U.S. Bancorp | 87,781 | 5,037,752 | |
Wells Fargo & Co. | 267,698 | 12,233,799 | |
Zions Bancorp NA | 10,599 | 613,682 | |
103,181,225 | |||
Capital Markets - 3.0% | |||
Ameriprise Financial, Inc. | 7,507 | 2,048,735 | |
Bank of New York Mellon Corp. | 52,237 | 2,884,527 | |
BlackRock, Inc. Class A | 9,186 | 8,665,062 | |
Cboe Global Markets, Inc. | 6,882 | 868,164 | |
Charles Schwab Corp. | 97,131 | 7,075,993 | |
CME Group, Inc. | 23,255 | 4,690,999 | |
Franklin Resources, Inc. | 17,653 | 572,663 | |
Goldman Sachs Group, Inc. | 22,032 | 9,110,452 | |
Intercontinental Exchange, Inc. | 36,451 | 4,356,988 | |
Invesco Ltd. | 24,470 | 619,580 | |
MarketAxess Holdings, Inc. | 2,461 | 1,171,239 | |
Moody's Corp. | 10,426 | 3,969,908 | |
Morgan Stanley | 96,392 | 10,066,217 | |
MSCI, Inc. | 5,338 | 3,387,388 | |
NASDAQ, Inc. | 7,417 | 1,452,100 | |
Northern Trust Corp. | 13,540 | 1,604,761 | |
Raymond James Financial, Inc. | 7,939 | 1,110,666 | |
S&P Global, Inc. | 15,601 | 6,924,036 | |
State Street Corp. | 22,518 | 2,092,147 | |
T. Rowe Price Group, Inc. | 14,690 | 3,288,650 | |
75,960,275 | |||
Consumer Finance - 0.7% | |||
American Express Co. | 42,139 | 6,993,388 | |
Capital One Financial Corp. | 29,235 | 4,852,133 | |
Discover Financial Services | 19,742 | 2,531,319 | |
Synchrony Financial | 35,075 | 1,744,981 | |
16,121,821 | |||
Diversified Financial Services - 1.4% | |||
Berkshire Hathaway, Inc. Class B (a) | 122,742 | 35,075,981 | |
Insurance - 1.9% | |||
AFLAC, Inc. | 40,928 | 2,319,799 | |
Allstate Corp. | 19,383 | 2,622,132 | |
American International Group, Inc. | 55,558 | 3,031,244 | |
Aon PLC | 14,616 | 4,192,746 | |
Arthur J. Gallagher & Co. | 13,281 | 1,907,417 | |
Assurant, Inc. | 3,911 | 665,300 | |
Chubb Ltd. | 29,121 | 5,355,934 | |
Cincinnati Financial Corp. | 9,705 | 1,197,597 | |
Everest Re Group Ltd. | 2,582 | 683,972 | |
Globe Life, Inc. | 6,159 | 591,695 | |
Hartford Financial Services Group, Inc. | 23,225 | 1,561,185 | |
Lincoln National Corp. | 11,562 | 793,731 | |
Loews Corp. | 14,420 | 805,645 | |
Marsh & McLennan Companies, Inc. | 32,942 | 5,178,482 | |
MetLife, Inc. | 48,174 | 2,986,788 | |
Principal Financial Group, Inc. | 16,437 | 1,098,156 | |
Progressive Corp. | 37,898 | 3,651,093 | |
Prudential Financial, Inc. | 25,491 | 2,698,987 | |
The Travelers Companies, Inc. | 16,287 | 2,601,197 | |
Unum Group | 13,459 | 358,279 | |
W.R. Berkley Corp. | 9,044 | 681,104 | |
Willis Towers Watson PLC | 8,358 | 1,844,778 | |
46,827,261 | |||
TOTAL FINANCIALS | 277,166,563 | ||
HEALTH CARE - 13.3% | |||
Biotechnology - 1.9% | |||
AbbVie, Inc. | 114,389 | 13,815,903 | |
Amgen, Inc. | 37,212 | 8,392,422 | |
Biogen, Inc. (a) | 9,752 | 3,305,050 | |
Gilead Sciences, Inc. | 81,233 | 5,912,138 | |
Incyte Corp. (a) | 12,046 | 921,399 | |
Moderna, Inc. (a) | 19,763 | 7,444,524 | |
Regeneron Pharmaceuticals, Inc. (a) | 6,781 | 4,566,325 | |
Vertex Pharmaceuticals, Inc. (a) | 16,769 | 3,358,663 | |
47,716,424 | |||
Health Care Equipment & Supplies - 3.8% | |||
Abbott Laboratories | 115,070 | 14,541,396 | |
Abiomed, Inc. (a) | 2,948 | 1,072,954 | |
Align Technology, Inc. (a) | 4,664 | 3,306,776 | |
Baxter International, Inc. | 32,573 | 2,482,714 | |
Becton, Dickinson & Co. | 18,835 | 4,740,770 | |
Boston Scientific Corp. (a) | 92,028 | 4,155,064 | |
Danaher Corp. | 41,112 | 13,326,866 | |
Dentsply Sirona, Inc. | 14,257 | 879,657 | |
DexCom, Inc. (a) | 6,263 | 3,315,757 | |
Edwards Lifesciences Corp. (a) | 40,260 | 4,717,667 | |
Hologic, Inc. (a) | 16,601 | 1,313,969 | |
IDEXX Laboratories, Inc. (a) | 5,523 | 3,721,176 | |
Intuitive Surgical, Inc. (a) | 7,669 | 8,079,752 | |
Medtronic PLC | 87,129 | 11,629,979 | |
ResMed, Inc. | 9,424 | 2,737,955 | |
STERIS PLC | 6,304 | 1,355,423 | |
Stryker Corp. | 21,227 | 5,882,002 | |
Teleflex, Inc. | 3,029 | 1,197,848 | |
The Cooper Companies, Inc. | 3,181 | 1,433,709 | |
West Pharmaceutical Services, Inc. | 4,782 | 2,159,647 | |
Zimmer Biomet Holdings, Inc. | 13,505 | 2,031,827 | |
94,082,908 | |||
Health Care Providers & Services - 2.5% | |||
AmerisourceBergen Corp. | 9,584 | 1,171,261 | |
Anthem, Inc. | 15,858 | 5,948,812 | |
Cardinal Health, Inc. | 18,867 | 990,329 | |
Centene Corp. (a) | 37,744 | 2,377,117 | |
Cigna Corp. | 22,225 | 4,703,921 | |
CVS Health Corp. | 85,265 | 7,366,043 | |
DaVita HealthCare Partners, Inc. (a) | 4,529 | 592,257 | |
HCA Holdings, Inc. | 17,021 | 4,305,973 | |
Henry Schein, Inc. (a) | 9,051 | 684,165 | |
Humana, Inc. | 8,357 | 3,388,095 | |
Laboratory Corp. of America Holdings (a) | 6,326 | 1,919,182 | |
McKesson Corp. | 10,251 | 2,092,639 | |
Quest Diagnostics, Inc. | 8,468 | 1,294,164 | |
UnitedHealth Group, Inc. | 61,117 | 25,441,174 | |
Universal Health Services, Inc. Class B | 5,015 | 781,136 | |
63,056,268 | |||
Health Care Technology - 0.0% | |||
Cerner Corp. | 19,592 | 1,495,849 | |
Life Sciences Tools & Services - 1.4% | |||
Agilent Technologies, Inc. | 19,656 | 3,449,038 | |
Bio-Rad Laboratories, Inc. Class A (a) | 1,401 | 1,127,553 | |
Bio-Techne Corp. | 2,518 | 1,256,835 | |
Charles River Laboratories International, Inc. (a) | 3,246 | 1,440,770 | |
Illumina, Inc. (a) | 9,455 | 4,322,448 | |
IQVIA Holdings, Inc. (a) | 12,414 | 3,224,288 | |
Mettler-Toledo International, Inc. (a) | 1,507 | 2,340,115 | |
PerkinElmer, Inc. | 7,241 | 1,338,137 | |
Thermo Fisher Scientific, Inc. | 25,452 | 14,124,587 | |
Waters Corp.(a) | 4,009 | 1,659,806 | |
34,283,577 | |||
Pharmaceuticals - 3.7% | |||
Bristol-Myers Squibb Co. | 144,692 | 9,674,107 | |
Catalent, Inc. (a) | 11,004 | 1,435,362 | |
Eli Lilly & Co. | 51,551 | 13,315,108 | |
Johnson & Johnson | 170,548 | 29,526,975 | |
Merck & Co., Inc. | 163,992 | 12,510,950 | |
Organon & Co. | 16,485 | 558,677 | |
Perrigo Co. PLC | 8,477 | 347,133 | |
Pfizer, Inc. | 362,527 | 16,701,619 | |
Viatris, Inc. | 78,400 | 1,146,992 | |
Zoetis, Inc. Class A | 30,752 | 6,290,629 | |
91,507,552 | |||
TOTAL HEALTH CARE | 332,142,578 | ||
INDUSTRIALS - 8.2% | |||
Aerospace & Defense - 1.5% | |||
General Dynamics Corp. | 14,825 | 2,969,596 | |
Howmet Aerospace, Inc. | 25,125 | 797,719 | |
Huntington Ingalls Industries, Inc. | 2,605 | 531,863 | |
L3Harris Technologies, Inc. | 13,280 | 3,094,373 | |
Lockheed Martin Corp. | 15,840 | 5,699,232 | |
Northrop Grumman Corp. | 9,695 | 3,564,852 | |
Raytheon Technologies Corp. | 98,118 | 8,316,482 | |
Teledyne Technologies, Inc. (a) | 2,997 | 1,388,750 | |
Textron, Inc. | 14,700 | 1,068,249 | |
The Boeing Co. (a) | 35,605 | 7,815,298 | |
TransDigm Group, Inc. (a) | 3,556 | 2,160,163 | |
37,406,577 | |||
Air Freight & Logistics - 0.6% | |||
C.H. Robinson Worldwide, Inc. | 8,556 | 770,553 | |
Expeditors International of Washington, Inc. | 10,905 | 1,359,199 | |
FedEx Corp. | 15,821 | 4,203,481 | |
United Parcel Service, Inc. Class B | 46,854 | 9,166,048 | |
15,499,281 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 8,131 | 466,232 | |
American Airlines Group, Inc. (a) | 41,218 | 821,887 | |
Delta Air Lines, Inc. (a) | 41,597 | 1,682,183 | |
Southwest Airlines Co. (a) | 38,364 | 1,909,760 | |
United Airlines Holdings, Inc. (a) | 20,786 | 966,757 | |
5,846,819 | |||
Building Products - 0.5% | |||
A.O. Smith Corp. | 8,714 | 633,682 | |
Allegion PLC | 5,815 | 837,302 | |
Carrier Global Corp. | 52,901 | 3,047,098 | |
Fortune Brands Home & Security, Inc. | 9,026 | 878,862 | |
Johnson Controls International PLC | 46,419 | 3,472,141 | |
Masco Corp. | 16,312 | 990,465 | |
Trane Technologies PLC | 15,488 | 3,074,368 | |
12,933,918 | |||
Commercial Services & Supplies - 0.4% | |||
Cintas Corp. | 5,714 | 2,261,430 | |
Copart, Inc. (a) | 13,482 | 1,945,722 | |
Republic Services, Inc. | 13,673 | 1,697,229 | |
Rollins, Inc. | 14,370 | 559,280 | |
Waste Management, Inc. | 25,144 | 3,900,086 | |
10,363,747 | |||
Construction & Engineering - 0.1% | |||
Quanta Services, Inc. | 8,950 | 913,795 | |
Electrical Equipment - 0.6% | |||
AMETEK, Inc. | 14,952 | 2,033,023 | |
Eaton Corp. PLC | 25,799 | 4,343,520 | |
Emerson Electric Co. | 38,828 | 4,096,354 | |
Generac Holdings, Inc. (a) | 4,084 | 1,784,626 | |
Rockwell Automation, Inc. | 7,516 | 2,446,082 | |
14,703,605 | |||
Industrial Conglomerates - 1.2% | |||
3M Co. | 37,545 | 7,311,513 | |
General Electric Co. | 71,070 | 7,491,489 | |
Honeywell International, Inc. | 44,987 | 10,432,935 | |
Roper Technologies, Inc. | 6,818 | 3,295,003 | |
28,530,940 | |||
Machinery - 1.6% | |||
Caterpillar, Inc. | 35,475 | 7,480,613 | |
Cummins, Inc. | 9,468 | 2,234,259 | |
Deere & Co. | 20,202 | 7,636,962 | |
Dover Corp. | 9,350 | 1,630,266 | |
Fortive Corp. | 21,979 | 1,623,589 | |
IDEX Corp. | 4,930 | 1,104,320 | |
Illinois Tool Works, Inc. | 18,610 | 4,333,525 | |
Ingersoll Rand, Inc. (a) | 25,043 | 1,327,780 | |
Otis Worldwide Corp. | 26,126 | 2,409,340 | |
PACCAR, Inc. | 22,490 | 1,841,256 | |
Parker Hannifin Corp. | 8,360 | 2,480,161 | |
Pentair PLC | 10,688 | 824,686 | |
Snap-On, Inc. | 3,480 | 782,826 | |
Stanley Black & Decker, Inc. | 10,459 | 2,021,411 | |
Westinghouse Air Brake Tech Co. | 11,433 | 1,026,569 | |
Xylem, Inc. | 11,713 | 1,596,599 | |
40,354,162 | |||
Professional Services - 0.4% | |||
Equifax, Inc. | 7,881 | 2,145,681 | |
IHS Markit Ltd. | 24,262 | 2,925,997 | |
Jacobs Engineering Group, Inc. | 8,440 | 1,139,062 | |
Leidos Holdings, Inc. | 8,687 | 852,282 | |
Nielsen Holdings PLC | 23,450 | 503,237 | |
Robert Half International, Inc. | 7,277 | 752,442 | |
Verisk Analytics, Inc. | 10,498 | 2,118,076 | |
10,436,777 | |||
Road & Rail - 0.9% | |||
CSX Corp. | 147,184 | 4,787,896 | |
J.B. Hunt Transport Services, Inc. | 5,364 | 951,574 | |
Kansas City Southern | 5,899 | 1,655,672 | |
Norfolk Southern Corp. | 16,211 | 4,110,137 | |
Old Dominion Freight Lines, Inc. | 6,167 | 1,780,536 | |
Union Pacific Corp. | 43,026 | 9,329,758 | |
22,615,573 | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. | 37,212 | 2,078,290 | |
United Rentals, Inc. (a) | 4,702 | 1,658,160 | |
W.W. Grainger, Inc. | 2,833 | 1,228,672 | |
4,965,122 | |||
TOTAL INDUSTRIALS | 204,570,316 | ||
INFORMATION TECHNOLOGY - 27.8% | |||
Communications Equipment - 0.9% | |||
Arista Networks, Inc. (a) | 3,562 | 1,316,266 | |
Cisco Systems, Inc. | 272,939 | 16,108,860 | |
F5 Networks, Inc. (a) | 3,836 | 780,895 | |
Juniper Networks, Inc. | 21,173 | 613,594 | |
Motorola Solutions, Inc. | 10,994 | 2,684,955 | |
21,504,570 | |||
Electronic Equipment & Components - 0.6% | |||
Amphenol Corp. Class A | 38,716 | 2,966,807 | |
CDW Corp. | 9,087 | 1,822,943 | |
Corning, Inc. | 50,176 | 2,006,538 | |
IPG Photonics Corp. (a) | 2,357 | 402,293 | |
Keysight Technologies, Inc. (a) | 11,935 | 2,140,900 | |
TE Connectivity Ltd. | 21,387 | 3,212,755 | |
Trimble, Inc. (a) | 16,188 | 1,525,233 | |
Zebra Technologies Corp. Class A (a) | 3,466 | 2,035,131 | |
16,112,600 | |||
IT Services - 4.8% | |||
Accenture PLC Class A | 41,168 | 13,855,502 | |
Akamai Technologies, Inc. (a) | 10,567 | 1,196,713 | |
Automatic Data Processing, Inc. | 27,560 | 5,761,142 | |
Broadridge Financial Solutions, Inc. | 7,502 | 1,291,994 | |
Cognizant Technology Solutions Corp. Class A | 34,165 | 2,607,131 | |
DXC Technology Co. (a) | 16,471 | 604,815 | |
Fidelity National Information Services, Inc. | 40,163 | 5,131,627 | |
Fiserv, Inc. (a) | 38,580 | 4,544,338 | |
FleetCor Technologies, Inc. (a) | 5,377 | 1,415,657 | |
Gartner, Inc. (a) | 5,592 | 1,726,474 | |
Global Payments, Inc. | 19,123 | 3,110,165 | |
IBM Corp. | 57,867 | 8,121,055 | |
Jack Henry & Associates, Inc. | 4,775 | 842,215 | |
MasterCard, Inc. Class A | 56,654 | 19,615,314 | |
Paychex, Inc. | 20,778 | 2,378,458 | |
PayPal Holdings, Inc. (a) | 76,080 | 21,961,253 | |
The Western Union Co. | 26,478 | 572,984 | |
VeriSign, Inc. (a) | 6,395 | 1,382,983 | |
Visa, Inc. Class A | 109,567 | 25,101,800 | |
121,221,620 | |||
Semiconductors & Semiconductor Equipment - 5.6% | |||
Advanced Micro Devices, Inc. (a) | 78,693 | 8,712,889 | |
Analog Devices, Inc. | 34,846 | 5,678,156 | |
Applied Materials, Inc. | 59,430 | 8,030,776 | |
Broadcom, Inc. | 26,441 | 13,146,730 | |
Enphase Energy, Inc. (a) | 8,818 | 1,531,951 | |
Intel Corp. | 261,508 | 14,137,122 | |
KLA Corp. | 9,927 | 3,374,783 | |
Lam Research Corp. | 9,236 | 5,586,118 | |
Microchip Technology, Inc. | 17,717 | 2,787,947 | |
Micron Technology, Inc. | 72,628 | 5,352,684 | |
Monolithic Power Systems, Inc. | 2,787 | 1,379,370 | |
NVIDIA Corp. | 161,390 | 36,127,152 | |
NXP Semiconductors NV | 17,858 | 3,841,792 | |
Qorvo, Inc. (a) | 7,265 | 1,366,038 | |
Qualcomm, Inc. | 73,051 | 10,715,851 | |
Skyworks Solutions, Inc. | 10,693 | 1,961,738 | |
Teradyne, Inc. | 10,739 | 1,304,144 | |
Texas Instruments, Inc. | 59,805 | 11,417,373 | |
Xilinx, Inc. | 15,922 | 2,477,304 | |
138,929,918 | |||
Software - 9.4% | |||
Adobe, Inc. (a) | 30,958 | 20,546,825 | |
ANSYS, Inc. (a) | 5,646 | 2,062,823 | |
Autodesk, Inc. (a) | 14,250 | 4,418,783 | |
Cadence Design Systems, Inc. (a) | 18,024 | 2,946,564 | |
Citrix Systems, Inc. | 7,984 | 821,314 | |
Fortinet, Inc. (a) | 8,780 | 2,766,929 | |
Intuit, Inc. | 17,698 | 10,019,015 | |
Microsoft Corp. | 487,768 | 147,247,404 | |
NortonLifeLock, Inc. | 37,827 | 1,004,685 | |
Oracle Corp. | 117,649 | 10,486,055 | |
Paycom Software, Inc. (a) | 3,170 | 1,549,813 | |
PTC, Inc. (a) | 6,774 | 891,865 | |
Salesforce.com, Inc. (a) | 62,544 | 16,591,047 | |
ServiceNow, Inc. (a) | 12,788 | 8,230,868 | |
Synopsys, Inc. (a) | 9,882 | 3,283,196 | |
Tyler Technologies, Inc. (a) | 2,641 | 1,282,734 | |
234,149,920 | |||
Technology Hardware, Storage & Peripherals - 6.5% | |||
Apple, Inc. | 1,015,895 | 154,243,323 | |
Hewlett Packard Enterprise Co. | 84,603 | 1,307,962 | |
HP, Inc. | 77,839 | 2,314,932 | |
NetApp, Inc. | 14,431 | 1,283,349 | |
Seagate Technology Holdings PLC | 12,913 | 1,131,050 | |
Western Digital Corp. (a) | 19,848 | 1,254,394 | |
161,535,010 | |||
TOTAL INFORMATION TECHNOLOGY | 693,453,638 | ||
MATERIALS - 2.5% | |||
Chemicals - 1.7% | |||
Air Products & Chemicals, Inc. | 14,331 | 3,862,348 | |
Albemarle Corp. U.S. | 7,568 | 1,791,648 | |
Celanese Corp. Class A | 7,299 | 1,157,621 | |
CF Industries Holdings, Inc. | 13,865 | 629,748 | |
Corteva, Inc. | 47,726 | 2,098,512 | |
Dow, Inc. | 48,358 | 3,041,718 | |
DuPont de Nemours, Inc. | 34,455 | 2,550,359 | |
Eastman Chemical Co. | 8,880 | 1,004,861 | |
Ecolab, Inc. | 16,109 | 3,630,324 | |
FMC Corp. | 8,281 | 775,350 | |
International Flavors & Fragrances, Inc. | 16,121 | 2,442,332 | |
Linde PLC | 33,688 | 10,597,908 | |
LyondellBasell Industries NV Class A | 16,695 | 1,675,343 | |
PPG Industries, Inc. | 15,352 | 2,449,412 | |
Sherwin-Williams Co. | 15,500 | 4,706,885 | |
The Mosaic Co. | 22,289 | 717,260 | |
43,131,629 | |||
Construction Materials - 0.1% | |||
Martin Marietta Materials, Inc. | 4,057 | 1,546,731 | |
Vulcan Materials Co. | 8,615 | 1,601,787 | |
3,148,518 | |||
Containers & Packaging - 0.3% | |||
Amcor PLC | 99,849 | 1,283,060 | |
Avery Dennison Corp. | 5,380 | 1,212,598 | |
Ball Corp. | 21,252 | 2,039,342 | |
International Paper Co. | 25,251 | 1,517,333 | |
Packaging Corp. of America | 6,111 | 927,039 | |
Sealed Air Corp. | 9,822 | 599,437 | |
WestRock Co. | 17,382 | 904,559 | |
8,483,368 | |||
Metals & Mining - 0.4% | |||
Freeport-McMoRan, Inc. | 94,897 | 3,453,302 | |
Newmont Corp. | 51,878 | 3,008,405 | |
Nucor Corp. | 19,374 | 2,277,607 | |
8,739,314 | |||
TOTAL MATERIALS | 63,502,829 | ||
REAL ESTATE - 2.6% | |||
Equity Real Estate Investment Trusts (REITs) - 2.5% | |||
Alexandria Real Estate Equities, Inc. | 8,891 | 1,834,836 | |
American Tower Corp. | 29,448 | 8,603,822 | |
AvalonBay Communities, Inc. | 9,046 | 2,076,781 | |
Boston Properties, Inc. | 9,221 | 1,041,881 | |
Crown Castle International Corp. | 27,990 | 5,449,373 | |
Digital Realty Trust, Inc. | 18,237 | 2,989,227 | |
Duke Realty Corp. | 24,365 | 1,279,406 | |
Equinix, Inc. | 5,802 | 4,893,697 | |
Equity Residential (SBI) | 22,293 | 1,874,173 | |
Essex Property Trust, Inc. | 4,198 | 1,388,447 | |
Extra Space Storage, Inc. | 8,700 | 1,626,117 | |
Federal Realty Investment Trust (SBI) | 4,593 | 559,290 | |
Healthpeak Properties, Inc. | 34,958 | 1,258,488 | |
Host Hotels & Resorts, Inc. (a) | 45,469 | 752,967 | |
Iron Mountain, Inc. | 18,547 | 885,619 | |
Kimco Realty Corp. | 38,645 | 842,075 | |
Mid-America Apartment Communities, Inc. | 7,385 | 1,420,652 | |
Prologis (REIT), Inc. | 47,911 | 6,451,695 | |
Public Storage | 9,861 | 3,191,118 | |
Realty Income Corp. | 24,231 | 1,749,963 | |
Regency Centers Corp. | 10,179 | 698,483 | |
SBA Communications Corp. Class A | 7,084 | 2,542,943 | |
Simon Property Group, Inc. | 21,277 | 2,860,693 | |
UDR, Inc. | 19,297 | 1,042,424 | |
Ventas, Inc. | 24,204 | 1,353,972 | |
Vornado Realty Trust | 10,252 | 429,354 | |
Welltower, Inc. | 27,043 | 2,367,074 | |
Weyerhaeuser Co. | 48,632 | 1,750,752 | |
63,215,322 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (a) | 21,748 | 2,094,332 | |
TOTAL REAL ESTATE | 65,309,654 | ||
UTILITIES - 2.5% | |||
Electric Utilities - 1.6% | |||
Alliant Energy Corp. | 16,270 | 989,053 | |
American Electric Power Co., Inc. | 32,384 | 2,900,635 | |
Duke Energy Corp. | 49,817 | 5,213,847 | |
Edison International | 24,487 | 1,416,328 | |
Entergy Corp. | 12,950 | 1,432,400 | |
Evergy, Inc. | 14,908 | 1,020,453 | |
Eversource Energy | 22,250 | 2,018,743 | |
Exelon Corp. | 63,304 | 3,103,162 | |
FirstEnergy Corp. | 35,120 | 1,365,114 | |
NextEra Energy, Inc. | 127,030 | 10,669,250 | |
NRG Energy, Inc. | 15,809 | 721,997 | |
Pinnacle West Capital Corp. | 7,299 | 561,293 | |
PPL Corp. | 49,618 | 1,456,288 | |
Southern Co. | 68,574 | 4,507,369 | |
Xcel Energy, Inc. | 34,878 | 2,397,863 | |
39,773,795 | |||
Gas Utilities - 0.0% | |||
Atmos Energy Corp. | 8,539 | 832,638 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
The AES Corp. | 43,383 | 1,035,552 | |
Multi-Utilities - 0.7% | |||
Ameren Corp. | 16,479 | 1,445,538 | |
CenterPoint Energy, Inc. | 37,387 | 938,040 | |
CMS Energy Corp. | 18,712 | 1,200,001 | |
Consolidated Edison, Inc. | 22,233 | 1,677,480 | |
Dominion Energy, Inc. | 52,229 | 4,065,505 | |
DTE Energy Co. | 12,601 | 1,516,404 | |
NiSource, Inc. | 25,549 | 629,783 | |
Public Service Enterprise Group, Inc. | 32,716 | 2,091,861 | |
Sempra Energy | 20,408 | 2,701,203 | |
WEC Energy Group, Inc. | 20,426 | 1,929,848 | |
18,195,663 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 11,742 | 2,139,980 | |
TOTAL UTILITIES | 61,977,628 | ||
TOTAL COMMON STOCKS | |||
(Cost $1,757,238,581) | 2,481,214,123 | ||
Money Market Funds - 0.4% | |||
Fidelity Cash Central Fund 0.06% (c) | 8,265,362 | 8,267,015 | |
Fidelity Securities Lending Cash Central Fund 0.06% (c)(d) | 863,725 | 863,811 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $9,130,826) | 9,130,826 | ||
TOTAL INVESTMENT IN SECURITIES - 99.8% | |||
(Cost $1,766,369,407) | 2,490,344,949 | ||
NET OTHER ASSETS (LIABILITIES) - 0.2% | 5,392,977 | ||
NET ASSETS - 100% | $2,495,737,926 |
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) | 64 | Sept. 2021 | $14,465,600 | $449,064 | $449,064 |
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 are available on the SEC's website or upon request.
(d) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $37,958,291 | $366,535,154 | $396,226,430 | $5,775 | $-- | $-- | $8,267,015 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | 342,106 | 13,425,065 | 12,903,360 | 5,574 | -- | -- | 863,811 | 0.0% |
Total | $38,300,397 | $379,960,219 | $409,129,790 | $11,349 | $-- | $-- | $9,130,826 |
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 August 31, 2021, 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 | $284,501,654 | $284,501,654 | $-- | $-- |
Consumer Discretionary | 296,040,037 | 296,040,037 | -- | -- |
Consumer Staples | 142,858,887 | 142,858,887 | -- | -- |
Energy | 59,690,339 | 59,690,339 | -- | -- |
Financials | 277,166,563 | 277,166,563 | -- | -- |
Health Care | 332,142,578 | 332,142,578 | -- | -- |
Industrials | 204,570,316 | 204,570,316 | -- | -- |
Information Technology | 693,453,638 | 693,453,638 | -- | -- |
Materials | 63,502,829 | 63,502,829 | -- | -- |
Real Estate | 65,309,654 | 65,309,654 | -- | -- |
Utilities | 61,977,628 | 61,977,628 | -- | -- |
Money Market Funds | 9,130,826 | 9,130,826 | -- | -- |
Total Investments in Securities: | $2,490,344,949 | $2,490,344,949 | $-- | $-- |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $449,064 | $449,064 | $-- | $-- |
Total Assets | $449,064 | $449,064 | $-- | $-- |
Total Derivative Instruments: | $449,064 | $449,064 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of August 31, 2021. 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) | $449,064 | $0 |
Total Equity Risk | 449,064 | 0 |
Total Value of Derivatives | $449,064 | $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.
Financial Statements
Statement of Assets and Liabilities
August 31, 2021 (Unaudited) | ||
Assets | ||
Investment in securities, at value (including securities loaned of $864,748) — See accompanying schedule: Unaffiliated issuers (cost $1,757,238,581) | $2,481,214,123 | |
Fidelity Central Funds (cost $9,130,826) | 9,130,826 | |
Total Investment in Securities (cost $1,766,369,407) | $2,490,344,949 | |
Segregated cash with brokers for derivative instruments | 586,500 | |
Receivable for fund shares sold | 6,194,787 | |
Dividends receivable | 3,075,869 | |
Distributions receivable from Fidelity Central Funds | 889 | |
Total assets | 2,500,202,994 | |
Liabilities | ||
Payable for fund shares redeemed | $3,589,241 | |
Payable for daily variation margin on futures contracts | 11,922 | |
Collateral on securities loaned | 863,905 | |
Total liabilities | 4,465,068 | |
Net Assets | $2,495,737,926 | |
Net Assets consist of: | ||
Paid in capital | $1,771,964,164 | |
Total accumulated earnings (loss) | 723,773,762 | |
Net Assets | $2,495,737,926 | |
Net Asset Value, offering price and redemption price per share ($2,495,737,926 ÷ 129,035,547 shares) | $19.34 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Six months ended August 31, 2021 (Unaudited) | ||
Investment Income | ||
Dividends | $15,098,063 | |
Interest | 466 | |
Income from Fidelity Central Funds (including $5,574 from security lending) | 11,349 | |
Total income | 15,109,878 | |
Expenses | ||
Independent trustees' fees and expenses | $3,605 | |
Total expenses before reductions | 3,605 | |
Expense reductions | (8) | |
Total expenses after reductions | 3,597 | |
Net investment income (loss) | 15,106,281 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 684,790 | |
Futures contracts | 1,710,540 | |
Total net realized gain (loss) | 2,395,330 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 348,922,594 | |
Futures contracts | 1,322,844 | |
Total change in net unrealized appreciation (depreciation) | 350,245,438 | |
Net gain (loss) | 352,640,768 | |
Net increase (decrease) in net assets resulting from operations | $367,747,049 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Six months ended August 31, 2021 (Unaudited) | Year ended February 28, 2021 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $15,106,281 | $20,248,499 |
Net realized gain (loss) | 2,395,330 | (6,319,887) |
Change in net unrealized appreciation (depreciation) | 350,245,438 | 322,927,649 |
Net increase (decrease) in net assets resulting from operations | 367,747,049 | 336,856,261 |
Distributions to shareholders | (12,274,996) | (20,318,634) |
Share transactions | ||
Proceeds from sales of shares | 786,882,113 | 994,146,861 |
Reinvestment of distributions | 8,574,975 | 14,393,109 |
Cost of shares redeemed | (343,599,068) | (483,146,638) |
Net increase (decrease) in net assets resulting from share transactions | 451,858,020 | 525,393,332 |
Total increase (decrease) in net assets | 807,330,073 | 841,930,959 |
Net Assets | ||
Beginning of period | 1,688,407,853 | 846,476,894 |
End of period | $2,495,737,926 | $1,688,407,853 |
Other Information | ||
Shares | ||
Sold | 43,944,547 | 70,239,613 |
Issued in reinvestment of distributions | 472,588 | 1,028,797 |
Redeemed | (19,108,160) | (34,636,619) |
Net increase (decrease) | 25,308,975 | 36,631,791 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Flex 500 Index Fund
Six months ended (Unaudited) August 31, | Years endedFebruary 28, | ||||
2021 | 2021 | 2020 A | 2019 | 2018 B | |
Selected Per–Share Data | |||||
Net asset value, beginning of period | $16.28 | $12.62 | $11.88 | $11.58 | $10.00 |
Income from Investment Operations | |||||
Net investment income (loss)C | .13 | .24 | .26 | .24 | .22 |
Net realized and unrealized gain (loss) | 3.04 | 3.66 | .73 | .29 | 1.47 |
Total from investment operations | 3.17 | 3.90 | .99 | .53 | 1.69 |
Distributions from net investment income | (.11) | (.24) | (.25) | (.19) | (.10) |
Distributions from net realized gain | – | – | – | (.04) | (.01) |
Total distributions | (.11) | (.24) | (.25) | (.23) | (.11) |
Net asset value, end of period | $19.34 | $16.28 | $12.62 | $11.88 | $11.58 |
Total ReturnD,E | 19.49% | 31.31% | 8.26% | 4.67% | 16.91% |
Ratios to Average Net AssetsF,G | |||||
Expenses before reductionsH | - %I | -% | -% | -% | - %I |
Expenses net of fee waivers, if anyH | - %I | -% | -% | -% | - %I |
Expenses net of all reductionsH | - %I | -% | -% | -% | - %I |
Net investment income (loss) | 1.42%I | 1.69% | 1.98% | 2.05% | 2.04%I |
Supplemental Data | |||||
Net assets, end of period (000 omitted) | $2,495,738 | $1,688,408 | $846,477 | $553,837 | $26,382 |
Portfolio turnover rateJ | 2%I | 6% | 3% | 8%K | 10%I |
A For the year ended February 29.
B For the period March 9, 2017 (commencement of operations) to February 28, 2018.
C Calculated based on average shares outstanding during the period.
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 Portfolio turnover rate excludes securities received or delivered in-kind.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements (Unaudited)
For the period ended August 31, 2021
1. Organization.
Fidelity Flex 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Share transactions on the Statement of Changes in Net Assets may contain exchanges between affiliated funds. 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. The Fund is available only to certain fee-based accounts and advisory programs offered by Fidelity.
2. Investments in Fidelity Central Funds.
Funds may invest 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 Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio(a) |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% to .01% |
(a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission 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 Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. 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 August 31, 2021 is included at the end of the Fund's Schedule of Investments.
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 and 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 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.
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. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. 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. 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.
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, short-term gain distributions from the Underlying Funds, market discount, capital loss carryforwards, certain deemed distributions 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 | $748,169,301 |
Gross unrealized depreciation | (33,964,622) |
Net unrealized appreciation (depreciation) | $714,204,679 |
Tax cost | $1,776,589,334 |
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 prior fiscal period end and is subject to adjustment.
No expiration | |
Long-term | $(519,957) |
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 and is representative of volume of activity during the period. 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 and in-kind transactions, as applicable, are noted in the table below.
Purchases ($) | Sales ($) | |
Fidelity Flex 500 Index Fund | 506,118,402 | 17,539,910 |
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 and the Fund does not pay any fees for these services. Under the management contract, the investment adviser or an affiliate pays all other expenses of the Fund, excluding 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. Any 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 borne by the investment adviser. During the period, there were no borrowings on this line of credit.
8. Security Lending.
Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. 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. The 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.
Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Flex 500 Index Fund | $– | $– |
9. Expense Reductions.
Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $8.
10. Other.
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.
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.
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 (March 1, 2021 to August 31, 2021).
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 March 1, 2021 | Ending Account Value August 31, 2021 | Expenses Paid During Period-B March 1, 2021 to August 31, 2021 | |
Fidelity Flex 500 Index Fund | - %-C | |||
Actual | $1,000.00 | $1,194.90 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.21 | $--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/ 365 (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 represents less than .005%.
D Amount represents less than $.005.
E 5% return per year before expenses
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity Flex 500 Index Fund
Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreement (Sub-Advisory Agreement) for the fund with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts).FMR and Geode are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established various standing committees (Committees), each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.At its May 2021 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In considering whether to renew the Advisory Contracts for the fund, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and the fact that no fee is payable under the management contract was fair and reasonable.Nature, Extent, and Quality of Services Provided. The Board considered staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity and Geode, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and with senior management of Geode. The Board considered the structure of the investment personnel compensation programs and whether the structures provide appropriate incentives to act in the best interests of the fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.The Trustees also discussed with representatives of Fidelity, at meetings throughout the year, Fidelity's role in, among other things, overseeing compliance with federal securities laws and other applicable requirements by Geode with respect to the fund and monitoring and overseeing the performance and investment capabilities of Geode. The Trustees considered that the Board had received from Fidelity periodic reports about its oversight and due diligence processes, as well as periodic reports regarding the performance of Geode.The Board also considered the nature, extent and quality of services provided by Geode. The Trustees noted that under the Sub-Advisory Agreement, subject to oversight by Fidelity, Geode is responsible for, among other things, identifying investments and arranging for execution of portfolio transactions to implement the fund's investment strategy. In addition, the Trustees noted that Geode is responsible for providing such reporting as may be requested by Fidelity to fulfill its oversight responsibilities discussed above.Resources Dedicated to Investment Management and Support Services. The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staffs, including their size, education, experience, and resources, as well as Fidelity's and Geode's approach to recruiting, training, managing, and compensating investment personnel. The Board considered that Fidelity's and Geode's investment professionals have extensive resources, tools and capabilities so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's and Geode's investments in business continuity planning, and their success in continuously providing services to the fund notwithstanding the severe disruptions caused by the COVID-19 pandemic.Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and by FMR's affiliates under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers.The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest, and to the support of the senior management team that oversees asset management; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) approving the reduction in the holding period for the Class C to Class A conversion policy; (vii) reducing management fees and total expenses for certain target date funds and classes and index funds; (viii) lowering expenses for certain existing funds and classes by implementing or lowering expense caps; (ix) rationalizing product lines and gaining increased efficiencies from fund mergers, liquidations, and share class consolidations; (x) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (xi) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.Investment Performance. The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. The Board reviewed the fund's absolute investment performance, as well as the fund's relative investment performance. The Board did not consider performance to be a material factor in its decision to renew the fund's Advisory Contracts, as the fund is not publicly offered as a stand-alone investment product. In this regard, the Board noted that the fund is available exclusively to certain fee-based accounts and advisor programs offered by Fidelity, including certain employer-sponsored plans and discretionary investment programs.Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.Competitiveness of Management Fee and Total Expense Ratio. The Board noted that the fund is available exclusively through certain Fidelity fee-based accounts and advisory programs. The Board considered that the fund does not pay FMR a management fee for investment advisory services, but that FMR is indirectly compensated for its services out of Fidelity fee-based account and advisory program fees. The Board also noted that FMR or an affiliate undertakes to pay all operating expenses of the fund, except Independent Trustee fees and expenses, proxy and shareholder meeting expenses, interest, taxes, and extraordinary expenses (such as litigation expenses). The Board further noted that the fund pays its non-operating expenses, including brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable.Based on its review, the Board considered that the fund does not pay a management fee and concluded that the total expense ratio of the fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds.A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.The Board also reviewed Fidelity's and Geode's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's and Geode's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.The Board concluded that the costs of the services provided by and the profits realized by Fidelity and Geode in connection with the operation of the fund were not relevant to the renewal of the Advisory Contracts because the fund pays no advisory fees and FMR or an affiliate bears all expenses of the fund with limited exceptions.The Board also considered information regarding the profitability of Geode's relationship with the fund.Economies of Scale. The Board concluded that because the fund pays no advisory fees and FMR or an affiliate bears all expenses of the fund with limited exceptions, the realization of economies of scale was not a material factor in the Board's decision to renew the fund's Advisory Contracts.Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) fund flow and performance trends, in particular the underperformance of certain funds and strategies, and Fidelity's long-term strategies for certain funds; (ii) consideration of expanding the use of performance fees for additional funds; (iii) Fidelity's pricing philosophy compared to competitors; (iv) metrics for evaluating index fund and ETF performance and information about ETF trading characteristics; (v) the methodology with respect to evaluating competitive fund data and peer group classifications and fee and expense comparisons; (vi) the expense structures for different funds and classes and information about the differences between various expense structures; (vii) group fee breakpoints; (viii) information regarding other accounts managed by Fidelity and sub-advisory arrangements; and (ix) Fidelity's philosophies and strategies for evaluating funds and classes with lower or declining asset levels.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 the fund's Advisory Contracts should be renewed.Board Approval of Investment Advisory Contracts
Fidelity Flex 500 Index Fund
At its July 2021 meeting, the Board of Trustees, including a majority of the Independent Trustees (together, the Board), voted to approve an amended and restated sub-advisory agreement with Geode Capital Management, LLC (Geode) for the fund (the Amended Contract) to decrease the sub-advisory fee rate paid by Fidelity Management & Research Company LLC (FMR), the fund's investment adviser, to Geode on behalf of the fund by 0.05 basis points, effective August 1, 2021. 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 previously received and considered materials relating to the nature, extent and quality of services provided by FMR and Geode to the 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 the fund in connection with the annual renewal of the fund's current management contract and sub-advisory agreement (Advisory Contracts). At its May 2021 meeting, the Board concluded that the nature, extent and quality of the services provided to the fund under the existing Advisory Contracts should continue to benefit the fund's shareholders. The Board noted that approval of the Amended Contract 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 the fund under the Amended Contract should continue to benefit the fund's shareholders.Competitiveness of Management Fee and Total Expense Ratio. The Board noted that the fund is available exclusively through certain Fidelity fee-based accounts and advisory programs. The Board considered that the fund does not pay FMR a management fee for investment advisory services, but that FMR is indirectly compensated for its services out of Fidelity fee-based account and advisory program fees. The Board also considered that FMR or an affiliate undertakes to pay all operating expenses of the fund with limited exceptions. Based on its review, the Board considered that the fund does not pay a management fee and concluded at its May 2021 and July 2021 meetings that the fund's total expense ratio was reasonable in light of the services that the fund and its shareholders receive 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 the fund pays no advisory fees and FMR or an affiliate bears all expenses of the 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 the 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 Contract because the fund pays no advisory fees and FMR or an affiliate will continue to bear all expenses of the fund with 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 sub-advisory fee arrangement is fair and reasonable, and that the fund's Amended Contract should be approved.Z5I-SANN-1021
1.9881570.104
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
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 Fidelity Concord Street 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 Fidelity Concord Street Trust’s (the “Trust”) 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) | Not applicable. |
(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: | October 21, 2021 |
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: | October 21, 2021 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | October 21, 2021 |