UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-05251
Fidelity Concord Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | October 31 |
Date of reporting period: | October 31, 2021 |
Item 1.
Reports to Stockholders
Fidelity® SAI International Small Cap Index Fund
Offered exclusively to certain clients of the Adviser or its affiliates - not available for sale to the general public. Fidelity SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers LLC.
October 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 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, 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)
Geographic Diversification (% of fund's net assets)
As of October 31, 2021 | ||
Japan | 27.1% | |
United Kingdom | 15.0% | |
Australia | 9.2% | |
Sweden | 7.5% | |
Switzerland | 5.3% | |
Germany | 5.0% | |
Netherlands | 3.0% | |
Israel | 2.9% | |
Italy | 2.8% | |
Other | 22.2% |
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.
Top Ten Stocks as of October 31, 2021
% of fund's net assets | |
VAT Group AG (Switzerland, Machinery) | 0.4 |
IMCD NV (Netherlands, Trading Companies & Distributors) | 0.4 |
Getinge AB (B Shares) (Sweden, Health Care Equipment & Supplies) | 0.3 |
Euronext NV (Netherlands, Capital Markets) | 0.3 |
Intermediate Capital Group PLC (United Kingdom, Capital Markets) | 0.3�� |
Sig Combibloc Group AG (Switzerland, Containers & Packaging) | 0.3 |
Rightmove PLC (United Kingdom, Interactive Media & Services) | 0.3 |
Meggitt PLC (United Kingdom, Aerospace & Defense) | 0.3 |
Indutrade AB (Sweden, Machinery) | 0.3 |
B&M European Value Retail SA (Luxembourg, Multiline Retail) | 0.2 |
3.1 |
Top Market Sectors as of October 31, 2021
% of fund's net assets | |
Industrials | 23.4 |
Consumer Discretionary | 11.4 |
Real Estate | 12.6 |
Financials | 11.4 |
Information Technology | 10.1 |
Materials | 8.7 |
Health Care | 7.3 |
Consumer Staples | 4.7 |
Communication Services | 4.5 |
Utilities | 3.1 |
Asset Allocation as of October 31, 2021
As of October 31, 2021 | % of fund's net assets |
Stocks and Equity Futures | 100.0 |
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 98.6% | |||
Shares | Value | ||
Australia - 9.2% | |||
Abacus Property Group unit | 134,080 | $360,076 | |
Accent Group Ltd. | 96,790 | 180,569 | |
Adbri Ltd. | 96,584 | 216,513 | |
Alkane Resources Ltd. (a) | 108,172 | 72,828 | |
ALS Ltd. | 130,189 | 1,293,717 | |
Altium Ltd. | 31,907 | 881,355 | |
Alumina Ltd. | 665,896 | 996,831 | |
AMP Ltd. | 927,785 | 753,760 | |
Ansell Ltd. | 34,687 | 822,200 | |
Appen Ltd. | 31,102 | 251,512 | |
ARB Corp. Ltd. | 19,927 | 728,368 | |
Arena (REIT) unit | 93,731 | 317,291 | |
Atlas Arteria Ltd. unit | 258,383 | 1,205,085 | |
Aub Group Ltd. | 20,328 | 331,984 | |
Austal Ltd. | 85,795 | 121,334 | |
Australian Agricultural Co. Ltd. (a) | 79,655 | 94,674 | |
Australian Ethical Investment Ltd. | 22,460 | 231,300 | |
Australian Pharmaceutical Industries Ltd. | 106,063 | 120,477 | |
Aventus Group | 92,568 | 238,149 | |
Bank of Queensland Ltd. (b) | 173,933 | 1,151,402 | |
Bapcor Ltd. | 92,043 | 550,453 | |
Beach Energy Ltd. | 463,264 | 486,144 | |
Bega Cheese Ltd. | 82,544 | 336,548 | |
Bellevue Gold Ltd. (a) | 202,678 | 131,119 | |
Bendigo & Adelaide Bank Ltd. | 148,383 | 1,032,495 | |
Betmakers Technology Group Ltd. (a) | 165,967 | 152,315 | |
Blackmores Ltd. | 3,964 | 280,807 | |
Boral Ltd. (a) | 104,086 | 499,546 | |
BrainChip Holdings Ltd. (a) | 369,172 | 130,524 | |
Bravura Solutions Ltd. | 69,379 | 145,089 | |
Breville Group Ltd. | 26,350 | 580,977 | |
Brickworks Ltd. | 20,419 | 364,651 | |
BWP Trust | 129,772 | 413,913 | |
BWX Ltd. | 37,136 | 130,180 | |
carsales.com Ltd. | 72,248 | 1,340,235 | |
Cedar Woods Properties Ltd. | 18,013 | 80,760 | |
Centuria Capital Group unit | 161,033 | 388,850 | |
Centuria Industrial REIT | 155,002 | 425,591 | |
Centuria Office REIT unit | 106,298 | 192,710 | |
Chalice Mining Ltd. (a) | 85,252 | 427,753 | |
Challenger Ltd. | 155,506 | 811,837 | |
Champion Iron Ltd. (a) | 88,192 | 291,907 | |
Charter Hall Group unit | 125,649 | 1,638,022 | |
Charter Hall Long Wale REIT unit | 153,137 | 559,859 | |
Charter Hall Retail REIT | 145,050 | 447,367 | |
Charter Hall Social Infrastruc | 87,347 | 251,000 | |
Cimic Group Ltd. | 21,246 | 318,367 | |
City Chic Collective Ltd. (a) | 54,295 | 252,821 | |
Cleanaway Waste Management Ltd. | 554,067 | 1,117,016 | |
Clinuvel Pharmaceuticals Ltd. | 10,787 | 313,302 | |
Codan Ltd./Australia | 27,183 | 205,507 | |
Collins Foods Ltd. | 29,844 | 287,362 | |
Cooper Energy Ltd. (a) | 414,887 | 90,509 | |
Corporate Travel Management Ltd. | 29,499 | 543,448 | |
Costa Group Holdings Ltd. | 121,137 | 266,086 | |
Credit Corp. Group Ltd. | 18,305 | 431,688 | |
Cromwell Property Group unit | 388,645 | 236,810 | |
CSR Ltd. | 130,187 | 580,744 | |
Data#3 Ltd. | 39,335 | 167,774 | |
De Grey Mining Ltd. (a) | 277,198 | 232,502 | |
Deterra Royalties Ltd. | 114,288 | 333,576 | |
Dicker Data Ltd. | 16,124 | 181,818 | |
Domain Holdings Australia Ltd. | 63,346 | 272,570 | |
Downer EDI Ltd. | 189,245 | 896,865 | |
Eagers Automotive Ltd. | 41,692 | 464,797 | |
Elders Ltd. | 42,390 | 383,611 | |
Electro Optic Systems Holdings (a) | 31,987 | 76,758 | |
Emeco Holdings Ltd. | 106,701 | 88,292 | |
EML Payments Ltd. (a) | 78,131 | 173,383 | |
Event Hospitality & Entertainment Ltd. (a) | 26,184 | 323,423 | |
Flight Centre Travel Group Ltd. (a)(b) | 43,064 | 647,574 | |
G8 Education Ltd. | 234,896 | 194,371 | |
GDI Property Group unit | 131,554 | 115,785 | |
Genworth Mortgage Insurance Ltd. | 112,633 | 194,875 | |
Gold Road Resources Ltd. | 238,466 | 248,450 | |
GrainCorp Ltd. | 61,256 | 289,381 | |
Growthpoint Properties Australia Ltd. | 82,038 | 256,109 | |
GUD Holdings Ltd. | 26,131 | 239,816 | |
GWA Group Ltd. | 56,171 | 114,933 | |
Hansen Technologies Ltd. | 43,174 | 205,259 | |
Harvey Norman Holdings Ltd. | 152,495 | 568,983 | |
Healius Ltd. | 143,838 | 521,534 | |
Home Consortium Ltd. | 22,740 | 136,165 | |
HT&E Ltd. | 63,628 | 92,378 | |
HUB24 Ltd. | 14,867 | 354,300 | |
IDP Education Ltd. | 56,360 | 1,587,761 | |
IGO Ltd. | 183,756 | 1,332,542 | |
Iluka Resources Ltd. | 114,100 | 806,818 | |
Imugene Ltd. (a) | 1,197,392 | 445,865 | |
Incitec Pivot Ltd. | 523,767 | 1,178,071 | |
Ingenia Communities Group unit | 80,355 | 393,510 | |
Inghams Group Ltd. | 88,534 | 247,085 | |
Integral Diagnostics Ltd. | 45,866 | 162,163 | |
Integrated Research Ltd. | 32,872 | 37,463 | |
Invocare Ltd. | 39,499 | 336,650 | |
IOOF Holdings Ltd. | 165,284 | 507,286 | |
IPH Ltd. | 58,684 | 377,882 | |
Iress Ltd. | 52,307 | 472,175 | |
Irongate Group | 131,255 | 158,472 | |
JB Hi-Fi Ltd. | 31,003 | 1,177,528 | |
Johns Lyng Group Ltd. | 35,990 | 175,707 | |
Jumbo Interactive Ltd. | 14,558 | 183,215 | |
Jupiter Mines Ltd. | 307,237 | 54,313 | |
Kogan.Com Ltd. | 23,353 | 174,619 | |
Lendlease Global Commercial (REIT) | 240,500 | 156,053 | |
Lifestyle Communities Ltd. | 25,032 | 409,560 | |
Link Administration Holdings Ltd. | 122,915 | 402,213 | |
Lovisa Holdings Ltd. | 14,712 | 240,377 | |
Lynas Rare Earths Ltd. (a) | 243,023 | 1,340,027 | |
MA Financial Group Ltd. | 17,876 | 109,998 | |
Maas Group Holdings Ltd. | 20,713 | 75,570 | |
Mayne Pharma Group Ltd. (a) | 427,430 | 109,322 | |
McMillan Shakespeare Ltd. | 19,142 | 197,130 | |
Megaport Ltd. (a) | 38,022 | 512,263 | |
Mesoblast Ltd. (a)(b) | 159,253 | 191,680 | |
Metcash Ltd. | 275,381 | 843,122 | |
Mineral Resources Ltd. | 43,236 | 1,255,112 | |
Monadelphous Group Ltd. | 24,620 | 186,130 | |
Mount Gibson Iron Ltd. | 144,749 | 45,733 | |
Nanosonics Ltd. (a) | 68,462 | 304,883 | |
National Storage REIT unit | 310,544 | 558,320 | |
Nearmap Ltd. (a) | 127,648 | 212,211 | |
Netwealth Group Ltd. | 29,686 | 386,331 | |
New Hope Corp. Ltd. (b) | 125,151 | 189,231 | |
NEXTDC Ltd. (a) | 123,208 | 1,088,101 | |
NIB Holdings Ltd. | 124,041 | 617,711 | |
Nick Scali Ltd. | 18,432 | 200,633 | |
Nickel Mines Ltd. | 270,491 | 212,633 | |
Nine Entertainment Co. Holdings Ltd. | 391,549 | 812,938 | |
NRW Holdings Ltd. | 121,040 | 166,171 | |
Nufarm Ltd. (a) | 86,157 | 281,930 | |
Nuix Ltd. (a) | 50,759 | 117,605 | |
Objective Corp. Ltd. | 6,278 | 98,703 | |
Omni Bridgeway Ltd. (a) | 71,962 | 167,814 | |
oOh!media Ltd. (a) | 160,833 | 219,591 | |
Orocobre Ltd. (a) | 153,992 | 1,030,980 | |
Orora Ltd. | 243,603 | 604,726 | |
OZ Minerals Ltd. | 90,206 | 1,705,258 | |
Pact Group Holdings Ltd. | 49,948 | 116,477 | |
Paladin Energy Ltd. (Australia) (a) | 611,034 | 404,492 | |
Pendal Group Ltd. | 86,217 | 431,297 | |
Perenti Global Ltd. | 156,195 | 119,848 | |
Perpetual Trustees Australia Ltd. | 15,301 | 433,473 | |
Perseus Mining Ltd. (Australia) | 336,523 | 399,976 | |
Pilbara Minerals Ltd. (a) | 627,136 | 1,037,879 | |
Pinnacle Investment Management Group Ltd. | 25,455 | 328,589 | |
Platinum Asset Management Ltd. | 110,841 | 253,476 | |
PointsBet Holdings Ltd. (a) | 51,442 | 319,252 | |
PolyNovo Ltd. (a) | 159,098 | 217,820 | |
Premier Investments Ltd. | 23,694 | 545,052 | |
Pro Medicus Ltd. | 12,559 | 503,363 | |
Qube Holdings Ltd. | 492,362 | 1,177,806 | |
Ramelius Resources Ltd. | 217,700 | 260,386 | |
Redbubble Ltd. (a) | 51,939 | 162,145 | |
Regis Resources Ltd. | 205,135 | 308,626 | |
Reliance Worldwide Corp. Ltd. | 213,072 | 924,835 | |
Resolute Mng Ltd. (a) | 293,145 | 92,618 | |
Rural Funds Group unit | 89,221 | 186,584 | |
Sandfire Resources NL | 91,584 | 383,051 | |
SeaLink Travel Group Ltd. | 38,039 | 210,033 | |
Select Harvests Ltd. | 31,989 | 177,831 | |
Seven Group Holdings Ltd. | 39,378 | 637,764 | |
SG Fleet Group Ltd. | 31,554 | 60,291 | |
Shopping Centres Australasia Property Group unit | 299,069 | 625,430 | |
Sigma Healthcare Ltd. | 237,432 | 101,807 | |
Silver Lake Resources Ltd. (a) | 236,080 | 301,017 | |
Sims Ltd. | 46,310 | 497,816 | |
Smartgroup Corp. Ltd. | 34,421 | 207,663 | |
Southern Cross Media Group Ltd. | 70,393 | 122,851 | |
Spark Infrastructure Group unit | 474,029 | 1,002,013 | |
St Barbara Ltd. | 191,752 | 211,320 | |
Steadfast Group Ltd. | 234,270 | 819,468 | |
Super Retail Group Ltd. | 42,906 | 417,329 | |
Tassal Group Ltd. | 57,342 | 153,131 | |
Technology One Ltd. | 74,130 | 680,882 | |
Telix Pharmaceuticals Ltd. (a) | 49,867 | 226,200 | |
Temple & Webster Group Ltd. (a) | 21,499 | 204,907 | |
The Star Entertainment Group Ltd. (a) | 231,449 | 637,233 | |
Tyro Payments Ltd. (a) | 88,846 | 270,011 | |
United Malt Group Ltd. | 76,311 | 231,916 | |
Uniti Group Ltd. (a) | 146,951 | 449,914 | |
Viva Energy Group Ltd. (c) | 228,436 | 398,671 | |
Waypoint (REIT) unit | 210,545 | 432,384 | |
Webjet Ltd. | 102,933 | 489,366 | |
West African Resources Ltd. (a) | 230,033 | 224,955 | |
Western Areas NL | 88,345 | 210,006 | |
Westgold Resources Ltd. | 102,720 | 150,679 | |
Whitehaven Coal Ltd. (a) | 251,566 | 493,918 | |
WorleyParsons Ltd. | 84,717 | 689,541 | |
Zip Co. Ltd. (a) | 121,846 | 595,781 | |
TOTAL AUSTRALIA | 80,277,377 | ||
Austria - 0.9% | |||
Agrana Beteiligungs AG | 3,340 | 70,425 | |
Andritz AG | 18,213 | 1,031,236 | |
AT&S Austria Technologie & Systemtechnik AG | 6,720 | 257,520 | |
BAWAG Group AG (c) | 19,338 | 1,217,215 | |
CA Immobilien Anlagen AG | 14,341 | 613,393 | |
DO & CO Restaurants & Catering AG (a) | 1,765 | 159,555 | |
EVN AG | 9,276 | 261,643 | |
FACC AG (a) | 5,450 | 55,694 | |
IMMOFINANZ Immobilien Anlagen AG (b) | 21,089 | 505,130 | |
Lenzing AG (a) | 3,588 | 431,364 | |
Oesterreichische Post AG | 9,097 | 383,839 | |
Palfinger AG | 3,955 | 174,650 | |
PORR AG (a) | 3,242 | 46,472 | |
PORR AG rights 11/3/21 (a) | 3,242 | 529 | |
S IMMO AG | 11,577 | 274,352 | |
S&T AG (b) | 13,247 | 318,215 | |
Schoeller-Bleckmann Oilfield Equipment AG (a) | 3,033 | 123,592 | |
Semperit AG Holding | 2,752 | 92,735 | |
Telekom Austria AG | 43,844 | 379,114 | |
UNIQA Insurance Group AG | 32,943 | 306,561 | |
Vienna Insurance Group AG | 10,138 | 295,918 | |
Wienerberger AG | 31,051 | 1,099,104 | |
Zumtobel AG | 7,807 | 80,322 | |
TOTAL AUSTRIA | 8,178,578 | ||
Bailiwick of Guernsey - 0.2% | |||
BMO Commercial Property Trust Ltd. | 214,111 | 300,054 | |
Burford Capital Ltd. | 49,929 | 512,136 | |
Picton Property Income Ltd. | 149,415 | 198,552 | |
Regional REIT Ltd. (c) | 111,292 | 133,727 | |
Sirius Real Estate Ltd. | 269,617 | 498,867 | |
UK Commercial Property REIT Ltd. | 210,209 | 218,638 | |
TOTAL BAILIWICK OF GUERNSEY | 1,861,974 | ||
Bailiwick of Jersey - 0.6% | |||
Boohoo.Com PLC (a) | 274,016 | 681,571 | |
Breedon Group PLC | 411,378 | 551,732 | |
Centamin PLC | 313,327 | 402,046 | |
IWG PLC (a) | 203,473 | 861,843 | |
Man Group PLC | 391,389 | 1,246,424 | |
Petrofac Ltd. (a)(b) | 77,618 | 137,560 | |
Petrofac Ltd. rights (a)(b) | 19,404 | 3,851 | |
Sanne Group PLC | 43,778 | 541,608 | |
TP ICAP Group PLC | 213,749 | 454,293 | |
TOTAL BAILIWICK OF JERSEY | 4,880,928 | ||
Belgium - 1.7% | |||
Ackermans & Van Haaren SA | 6,304 | 1,083,640 | |
Aedifica SA | 8,915 | 1,188,252 | |
Agfa-Gevaert NV (a) | 38,848 | 168,855 | |
Akka Technologies SA (a) | 3,418 | 188,710 | |
Barco NV | 18,397 | 413,855 | |
Befimmo SCA Sicafi | 6,117 | 250,322 | |
Bekaert SA | 9,823 | 430,142 | |
Bpost SA (a) | 26,627 | 227,778 | |
Cofinimmo SA | 7,464 | 1,203,660 | |
Compagnie D'entreprises CFE SA | 2,048 | 209,523 | |
D'ieteren Group | 5,961 | 1,026,057 | |
Econocom Group SA | 35,464 | 149,842 | |
Euronav NV | 50,885 | 540,584 | |
Fagron NV | 16,694 | 289,088 | |
Galapagos NV (a) | 12,393 | 657,207 | |
Gimv NV | 5,253 | 339,451 | |
Immobel SA | 1,063 | 93,514 | |
Intervest Offices & Warehouses NV | 5,725 | 166,776 | |
Ion Beam Applications SA | 5,630 | 110,641 | |
KBC Ancora | 9,605 | 500,318 | |
Kinepolis Group NV (a) | 3,746 | 235,789 | |
Melexis NV | 5,503 | 633,602 | |
Mithra Pharmaceuticals SA (a)(b) | 5,115 | 112,346 | |
Montea SICAFI SCA | 2,833 | 420,503 | |
Ontex Group NV (a) | 18,116 | 170,469 | |
Orange Belgium | 3,979 | 90,339 | |
Recticel SA | 11,416 | 211,150 | |
Retail Estates NV | 2,747 | 219,747 | |
Telenet Group Holding NV | 12,388 | 444,796 | |
Tessenderlo Group (a) | 4,698 | 171,345 | |
Van de Velde | 1,636 | 56,736 | |
VGP NV | 1,945 | 503,646 | |
Warehouses de Pauw | 37,083 | 1,688,997 | |
Xior Student Housing NV | 5,862 | 346,955 | |
TOTAL BELGIUM | 14,544,635 | ||
Bermuda - 0.9% | |||
BW LPG Ltd. (c) | 20,769 | 110,632 | |
BW Offshore Ltd. | 25,413 | 82,545 | |
Cafe de Coral Holdings Ltd. | 100,000 | 182,508 | |
Chinese Estates Holdings Ltd. | 117,500 | 57,085 | |
Chow Sang Sang Holdings International Ltd. | 103,000 | 146,415 | |
CMBC Capital Holdings Ltd. | 5,120,000 | 62,515 | |
FLEX LNG Ltd. | 8,031 | 162,181 | |
Frontline Ltd. (a) | 26,725 | 237,579 | |
Golden Ocean Group Ltd. | 35,447 | 319,732 | |
Hafnia Ltd. (a) | 26,820 | 57,019 | |
Haitong International Securities Group Ltd. | 669,000 | 153,912 | |
Hiscox Ltd. | 93,488 | 1,065,765 | |
Johnson Electric Holdings Ltd. | 103,000 | 228,757 | |
K Wah International Holdings Ltd. | 311,000 | 124,312 | |
Kerry Logistics Network Ltd. | 173,000 | 420,243 | |
Kerry Properties Ltd. | 156,500 | 441,511 | |
Lancashire Holdings Ltd. | 66,218 | 458,551 | |
Luk Fook Holdings International Ltd. | 98,000 | 267,656 | |
Man Wah Holdings Ltd. | 480,800 | 747,726 | |
Medtecs International Corp. Ltd. | 110,400 | 29,882 | |
NWS Holdings Ltd. | 426,000 | 423,783 | |
Pacific Basin Shipping Ltd. | 1,294,000 | 598,728 | |
Realord Group Holdings Ltd. (a) | 120,000 | 186,929 | |
Shangri-La Asia Ltd. (a) | 302,000 | 246,087 | |
Silverlake Axis Ltd. Class A | 229,000 | 54,342 | |
SmarTone Telecommunications Holdings Ltd. | 90,500 | 52,691 | |
Stolt-Nielsen SA | 7,233 | 111,305 | |
Vtech Holdings Ltd. | 44,700 | 343,846 | |
Yue Yuen Industrial (Holdings) Ltd. (a) | 217,000 | 462,420 | |
TOTAL BERMUDA | 7,836,657 | ||
British Virgin Islands - 0.0% | |||
First Pacific Co. Ltd. | 650,000 | 259,816 | |
Huobi Technology Holdings Ltd. (a) | 24,500 | 31,206 | |
TOTAL BRITISH VIRGIN ISLANDS | 291,022 | ||
Cayman Islands - 0.6% | |||
Apollo Future Mobility Group Ltd. (a) | 1,052,000 | 73,013 | |
ASM Pacific Technology Ltd. | 83,100 | 897,700 | |
C-Mer Eye Care Holdings Ltd. | 128,000 | 125,360 | |
Citychamp Watch & Jewel Gr Ltd. (a) | 366,000 | 61,623 | |
CK Life Sciences International Holding, Inc. | 774,000 | 72,620 | |
Comba Telecom Systems Holdings Ltd. (a) | 512,000 | 142,798 | |
Cowell e Holdings, Inc. | 93,000 | 72,435 | |
Crystal International Group Ltd. (c) | 160,500 | 51,571 | |
EC Healthcare | 72,000 | 104,199 | |
Far East Consortium International Ltd. | 288,000 | 95,130 | |
Fosun Tourism Group (a)(c) | 65,400 | 81,619 | |
Health & Happiness H&H International Holdings Ltd. | 62,000 | 145,507 | |
HKBN Ltd. | 215,000 | 258,094 | |
Hutchison Telecommunications Hong Kong Holdings Ltd. | 392,000 | 62,474 | |
IGG, Inc. | 225,000 | 209,370 | |
Lifestyle International Holdings Ltd. (a) | 121,500 | 63,713 | |
Macau Legend Development Ltd. (a) | 137,000 | 13,910 | |
MECOM Power & Construction Ltd. | 189,000 | 87,449 | |
MGM China Holdings Ltd. (a) | 259,600 | 191,184 | |
Pacific Textile Holdings Ltd. | 262,000 | 130,655 | |
Perfect Shape (PRC) Holdings Ltd. | 96,000 | 73,044 | |
Razer, Inc. (a)(c) | 278,000 | 66,776 | |
Sa Sa International Holdings Ltd. (a) | 286,000 | 62,490 | |
Sapiens International Corp. NV | 8,150 | 281,252 | |
Stella International Holdings Ltd. | 123,500 | 147,143 | |
Suncity Group Holdings Ltd. (a) | 590,000 | 22,370 | |
Sunevision Holdings Ltd. | 192,000 | 176,441 | |
Texhong Textile Group Ltd. | 72,500 | 108,463 | |
The United Laboratories International Holdings Ltd. | 280,000 | 177,418 | |
Value Partners Group Ltd. | 283,000 | 145,492 | |
Vesync Co. Ltd. | 61,000 | 86,398 | |
Vobile Group Ltd. (a) | 318,000 | 279,152 | |
VPower Group International Holdings Ltd. (c) | 176,838 | 34,547 | |
VSTECS Holdings Ltd. | 186,000 | 176,187 | |
TOTAL CAYMAN ISLANDS | 4,777,597 | ||
Denmark - 1.7% | |||
ALK-Abello A/S (a) | 1,777 | 769,895 | |
Alm. Brand A/S | 23,022 | 177,450 | |
Bavarian Nordic A/S (a) | 17,219 | 824,157 | |
Better Collective A/S (a) | 8,105 | 171,764 | |
Brodrene Hartmann A/S Series B (a) | 568 | 33,983 | |
cBrain A/S | 2,423 | 131,222 | |
Chemometec A/S | 4,225 | 638,182 | |
D/S Norden A/S | 6,775 | 163,505 | |
DFDS A/S (a) | 9,409 | 486,899 | |
FLSmidth & Co. A/S | 11,776 | 447,616 | |
H Lundbeck A/S | 18,958 | 527,053 | |
ISS Holdings A/S (a) | 42,568 | 847,391 | |
Jyske Bank A/S (Reg.) (a) | 14,740 | 719,248 | |
Matas A/S | 10,337 | 202,242 | |
Netcompany Group A/S (c) | 10,794 | 1,226,172 | |
Nilfisk Holding A/S (a) | 6,212 | 215,755 | |
NKT Holding A/S (a) | 11,090 | 534,595 | |
NNIT A/S (c) | 3,504 | 65,887 | |
NTG Nordic Transport Group A/S (a) | 1,855 | 151,052 | |
Per Aarsleff Holding A/S | 4,942 | 213,117 | |
Ringkjoebing Landbobank A/S | 7,507 | 953,103 | |
Royal Unibrew A/S | 13,343 | 1,655,486 | |
Scandinavian Tobacco Group A/S (c) | 17,077 | 383,735 | |
Schouw & Co. | 3,475 | 338,050 | |
SimCorp A/S | 10,929 | 1,320,312 | |
Spar Nord Bank A/S | 23,193 | 298,788 | |
Sydbank A/S | 16,201 | 556,398 | |
The Drilling Co. of 1972 A/S (a) | 5,689 | 203,867 | |
Topdanmark A/S | 12,176 | 646,738 | |
Zealand Pharma A/S (a) | 9,451 | 302,549 | |
TOTAL DENMARK | 15,206,211 | ||
Faroe Islands - 0.1% | |||
Bakkafrost | 13,589 | 1,255,003 | |
Finland - 1.7% | |||
Admicom OYJ | 804 | 85,507 | |
Aktia Bank Oyj (A Shares) | 15,574 | 222,884 | |
Basware Oyj (a) | 3,344 | 123,508 | |
Cargotec Corp. (B Shares) | 10,425 | 540,380 | |
Caverion Oyj | 26,293 | 207,748 | |
Citycon Oyj | 17,023 | 139,816 | |
F-Secure Oyj | 25,710 | 144,889 | |
Finnair Oyj (a) | 168,832 | 129,046 | |
Harvia Oyj | 3,770 | 231,852 | |
Huhtamaki Oyj | 26,121 | 1,137,177 | |
Kamux Corp. | 8,585 | 133,184 | |
Kemira Oyj | 29,288 | 449,281 | |
Kojamo OYJ | 33,425 | 746,898 | |
Konecranes Oyj | 16,048 | 667,483 | |
Metsa Board OYJ (B Shares) | 47,589 | 440,103 | |
Metso Outotec Oyj | 167,711 | 1,682,826 | |
Musti Group OYJ | 8,507 | 334,162 | |
Neles Oyj | 26,450 | 396,268 | |
Nokian Tyres PLC | 35,529 | 1,330,717 | |
Oriola-KD Oyj | 27,177 | 62,205 | |
Outokumpu Oyj (A Shares) (a) | 99,338 | 620,108 | |
Qt Group Oyj (a) | 4,719 | 761,541 | |
Remedy Entertainment Oyj | 2,124 | 98,705 | |
Revenio Group Oyj | 6,530 | 431,407 | |
Rovio Entertainment OYJ (c) | 10,060 | 82,510 | |
Sanoma Corp. | 20,031 | 311,678 | |
Talenom OYJ | 7,573 | 121,686 | |
TietoEVRY Oyj | 24,016 | 735,706 | |
Tokmanni Group Corp. | 12,765 | 290,405 | |
Uponor Oyj | 14,852 | 361,234 | |
Valmet Corp. | 36,391 | 1,476,587 | |
YIT OYJ | 37,001 | 218,143 | |
TOTAL FINLAND | 14,715,644 | ||
France - 2.8% | |||
AB Science SA (a)(b) | 7,970 | 120,234 | |
ABC Arbitrage SA | 9,370 | 77,122 | |
Air France KLM (Reg.) (a)(b) | 77,068 | 362,599 | |
Akwel | 2,146 | 54,701 | |
Albioma SA | 6,881 | 270,451 | |
ALD SA (c) | 27,100 | 402,873 | |
Altarea SCA | 918 | 196,323 | |
ALTEN | 7,863 | 1,265,276 | |
Aubay | 1,891 | 117,169 | |
Beneteau SA (a) | 10,333 | 157,434 | |
BIC SA | 6,735 | 391,229 | |
Boiron SA | 1,220 | 59,022 | |
Bonduelle SCA | 3,459 | 88,569 | |
Carmila SA | 13,616 | 206,195 | |
Casino Guichard Perrachon SA (a) | 10,331 | 257,125 | |
Cellectis SA (a) | 10,005 | 108,674 | |
CGG SA (a) | 185,874 | 134,681 | |
Chargeurs SA | 4,918 | 145,882 | |
Coface SA | 28,380 | 405,170 | |
Compagnie des Alpes (a) | 5,486 | 97,030 | |
Derichebourg (a) | 25,699 | 292,030 | |
Devoteam SA (a) | 463 | 90,186 | |
Elior SA (a)(c) | 32,866 | 259,113 | |
Elis SA (a) | 51,433 | 974,493 | |
Eramet SA (a) | 2,539 | 212,207 | |
Eutelsat Communications | 46,692 | 662,825 | |
Fnac Darty SA | 4,614 | 298,959 | |
Gaztransport et Technigaz SA | 6,037 | 498,284 | |
Groupe Guillin SA | 2,054 | 63,872 | |
Guerbet | 1,444 | 63,766 | |
ICADE | 8,204 | 643,003 | |
ID Logistics Group (a) | 696 | 255,453 | |
Imerys SA | 9,235 | 400,124 | |
Interparfums SA | 4,611 | 372,056 | |
Ipsos SA | 10,820 | 505,945 | |
JCDecaux SA (a) | 17,242 | 449,660 | |
Kaufman & Broad SA | 3,755 | 150,191 | |
Korian SA | 19,784 | 658,665 | |
Lagardere S.C.A. (Reg.) (a) | 8,881 | 234,485 | |
LISI | 5,208 | 144,792 | |
LNA Sante SA | 1,270 | 73,039 | |
Maisons du Monde SA (c) | 8,632 | 195,381 | |
Manitou BF SA | 2,668 | 90,830 | |
McPhy Energy SA (a)(b) | 5,562 | 150,969 | |
Mercialys SA | 18,852 | 204,309 | |
Mersen SA | 4,712 | 176,757 | |
Metropole Television SA | 6,694 | 147,491 | |
Nacon SA (a) | 6,076 | 33,890 | |
Neoen SA (a)(c) | 10,112 | 465,241 | |
Nexans SA | 6,477 | 648,784 | |
Nexity | 10,580 | 482,859 | |
Peugeot Invest | 1,354 | 188,766 | |
Pharmagest Interactive | 1,018 | 111,561 | |
Plastic Omnium SA | 15,920 | 440,948 | |
Quadient SA | 9,251 | 220,941 | |
Rexel SA | 66,220 | 1,313,604 | |
Rubis SCA | 24,495 | 784,076 | |
SMCP S.A.S. (a)(c) | 8,906 | 72,788 | |
Soitec SA (a) | 5,822 | 1,546,607 | |
Sopra Steria Group | 4,158 | 817,611 | |
SPIE SA | 34,404 | 835,192 | |
Technicolor SA (a) | 54,656 | 175,015 | |
Television Francaise 1 SA | 11,170 | 119,570 | |
Trigano SA | 2,349 | 439,630 | |
Valneva SE (a)(b) | 18,913 | 420,871 | |
Verallia SA (c) | 15,048 | 556,308 | |
Vicat SA | 5,430 | 231,310 | |
Vilmorin & Cie | 1,523 | 96,832 | |
Virbac SA | 1,141 | 577,061 | |
Voltalia SA (a) | 6,577 | 171,068 | |
X-Fab Silicon Foundries SE (a)(c) | 15,770 | 156,779 | |
TOTAL FRANCE | 24,093,956 | ||
Germany - 4.8% | |||
1&1 AG | 12,009 | 349,559 | |
Aareal Bank AG | 16,242 | 518,962 | |
Adesso AG | 763 | 169,879 | |
ADVA Optical Networking SE (a) | 11,590 | 153,542 | |
Aixtron AG | 30,534 | 725,360 | |
alstria office REIT-AG | 43,244 | 807,839 | |
Amadeus Fire AG | 1,536 | 354,768 | |
AURELIUS AG | 8,008 | 231,616 | |
Aurubis AG | 8,520 | 735,138 | |
Basler AG | 1,000 | 184,729 | |
BayWa AG | 3,830 | 162,046 | |
Befesa SA (c) | 10,792 | 802,178 | |
Bertrandt AG | 1,465 | 95,685 | |
Bilfinger Berger AG | 7,822 | 274,522 | |
Borussia Dortmund GmbH & Co. KGaA (a) | 20,702 | 114,153 | |
CANCOM AG | 10,455 | 722,258 | |
CECONOMY AG (a) | 44,063 | 214,546 | |
CeWe Color Holding AG | 1,518 | 211,981 | |
CompuGroup Medical AG | 7,302 | 610,292 | |
Corestate Capital Holding SA (a) | 5,817 | 68,388 | |
CropEnergies AG | 7,033 | 100,814 | |
CTS Eventim AG (a) | 15,568 | 1,131,267 | |
Datagroup AG (a) | 1,119 | 98,052 | |
Dermapharm Holding SE | 5,118 | 514,728 | |
Deutsche Beteiligungs AG | 3,545 | 163,921 | |
Deutsche EuroShop AG | 13,192 | 267,942 | |
Deutsche Pfandbriefbank AG (c) | 36,921 | 457,750 | |
Deutz AG (a) | 32,678 | 274,252 | |
DIC Asset AG | 12,143 | 213,227 | |
Draegerwerk AG & Co. KGaA | 865 | 64,496 | |
Duerr AG | 14,020 | 633,698 | |
Eckert & Ziegler Strahlen-und Medizintechnik AG | 4,006 | 599,706 | |
ELMOS Semiconductor AG | 2,449 | 113,950 | |
ElringKlinger AG (a) | 7,726 | 109,051 | |
Encavis AG | 26,297 | 550,228 | |
Evotec OAI AG (a) | 35,537 | 1,719,230 | |
Exasol AG (a) | 3,965 | 40,243 | |
Flatex AG (a) | 8,824 | 200,543 | |
Fraport AG Frankfurt Airport Services Worldwide (a) | 10,036 | 715,820 | |
Freenet AG | 34,555 | 889,988 | |
Gerresheimer AG | 8,483 | 777,643 | |
Global Fashion Group SA (a) | 20,303 | 182,481 | |
Grenkeleasing AG (b) | 7,648 | 298,033 | |
Hamborner (REIT) AG | 18,940 | 212,400 | |
Hamburger Hafen und Logistik AG | 7,851 | 175,979 | |
Hensoldt AG | 11,578 | 187,111 | |
Hochtief AG | 5,733 | 442,044 | |
Home24 AG (a) | 7,050 | 92,011 | |
Hornbach Holding AG & Co. KGaA | 2,587 | 326,870 | |
Hornbach-Baumarkt AG | 2,187 | 98,219 | |
Hugo Boss AG | 16,149 | 1,009,205 | |
Hypoport AG (a) | 958 | 588,609 | |
INDUS Holding AG | 5,123 | 201,354 | |
Instone Real Estate Group BV (c) | 12,778 | 336,787 | |
Jenoptik AG | 13,975 | 534,411 | |
JOST Werke AG (c) | 3,870 | 224,133 | |
K+S AG | 51,701 | 890,220 | |
Kloeckner & Co. AG (a) | 20,140 | 271,001 | |
Koenig & Bauer AG (a) | 3,805 | 134,157 | |
Krones AG | 3,893 | 401,652 | |
KWS Saat AG | 3,128 | 266,858 | |
LPKF Laser & Electronics AG | 6,785 | 150,359 | |
MBB SE | 558 | 88,501 | |
Medios AG (a) | 2,750 | 116,034 | |
Metro Wholesale & Food Specialist AG | 34,147 | 431,450 | |
MLP AG | 18,341 | 176,614 | |
Morphosys AG (a) | 8,825 | 415,719 | |
Nagarro SE (a) | 2,282 | 459,011 | |
New Work SE | 767 | 187,084 | |
Nordex Se (a) | 28,120 | 516,857 | |
NORMA Group AG | 8,737 | 375,719 | |
Northern Data AG (a) | 89 | 6,050 | |
OHB SE | 1,402 | 61,425 | |
Patrizia Immobilien AG | 12,492 | 345,134 | |
Pfeiffer Vacuum Technology AG | 1,070 | 267,175 | |
PNE AG | 9,473 | 91,439 | |
ProSiebenSat.1 Media AG | 44,153 | 739,327 | |
Rheinmetall AG | 11,780 | 1,141,706 | |
SAF-Holland SA (a) | 12,642 | 175,370 | |
Salzgitter AG (a) | 9,667 | 355,590 | |
secunet Security Network AG | 358 | 187,887 | |
SGL Carbon AG (a) | 16,196 | 154,648 | |
Siltronic AG | 4,448 | 693,127 | |
Sixt AG (a) | 3,991 | 686,964 | |
SMA Solar Technology AG | 2,799 | 147,740 | |
Software AG (Bearer) | 14,042 | 577,230 | |
Steico AG | 1,543 | 201,916 | |
STRATEC Biomedical Systems AG | 2,142 | 341,709 | |
Stroer Out-of-Home Media AG | 7,711 | 653,390 | |
Suedzucker AG (Bearer) | 19,120 | 303,249 | |
TAG Immobilien AG | 39,671 | 1,205,192 | |
Takkt AG | 9,398 | 153,401 | |
Thyssenkrupp AG | 109,444 | 1,137,643 | |
TUI AG (GB) (a)(b) | 306,595 | 1,029,256 | |
Varta AG (b) | 4,908 | 754,595 | |
VERBIO Vereinigte BioEnergie AG | 5,877 | 466,056 | |
Vitesco Technologies Group AG (a) | 6,500 | 372,694 | |
Vossloh AG | 2,348 | 125,536 | |
Wacker Chemie AG | 4,208 | 758,611 | |
Wacker Construction Equipment AG | 8,616 | 282,468 | |
WashTec AG | 3,006 | 195,291 | |
Westwing Group AG (a) | 686 | 21,459 | |
Wustenrot & Wurttembergische AG | 6,261 | 130,424 | |
ZEAL Network SE | 4,032 | 177,118 | |
Zooplus AG (a) | 1,743 | 963,932 | |
TOTAL GERMANY | 41,839,625 | ||
Gibraltar - 0.1% | |||
888 Holdings PLC | 99,793 | 522,797 | |
Hong Kong - 0.6% | |||
Bank of East Asia Ltd. | 280,000 | 460,639 | |
BOCOM International Holdings Co. Ltd. | 222,000 | 49,933 | |
Champion (REIT) | 573,000 | 301,211 | |
CITIC 1616 Holdings Ltd. | 478,000 | 169,562 | |
Dah Sing Banking Group Ltd. | 121,200 | 116,207 | |
Dah Sing Financial Holdings Ltd. | 45,600 | 142,125 | |
Guotai Junan International Holdings Ltd. | 819,000 | 118,947 | |
Hang Lung Group Ltd. | 224,000 | 524,552 | |
Hong Kong & Shanghai Hotels Ltd. (a) | 111,500 | 101,605 | |
Hong Kong Television Network Ltd. | 152,000 | 228,571 | |
Hysan Development Co. Ltd. | 171,000 | 594,505 | |
Melco International Development Ltd. (a) | 184,000 | 240,272 | |
Nissin Foods Co. Ltd. | 106,000 | 79,018 | |
PCCW Ltd. | 1,175,000 | 605,584 | |
Prosperity (REIT) | 376,000 | 147,394 | |
Shun Tak Holdings Ltd. (a) | 400,000 | 109,505 | |
Sun Hung Kai & Co. Ltd. | 107,000 | 55,697 | |
Sunlight (REIT) | 282,000 | 163,100 | |
Television Broadcasts Ltd. (a) | 91,300 | 70,759 | |
Vitasoy International Holdings Ltd. | 204,000 | 490,827 | |
Zensun Enterprises Ltd. | 152,000 | 86,740 | |
TOTAL HONG KONG | 4,856,753 | ||
Ireland - 0.7% | |||
AIB Group PLC (a) | 218,502 | 592,067 | |
Bank Ireland Group PLC (a) | 262,562 | 1,566,779 | |
C&C Group PLC (United Kingdom) (a) | 106,719 | 378,562 | |
Cairn Homes PLC | 189,748 | 246,109 | |
Dalata Hotel Group PLC (a) | 53,844 | 230,302 | |
Glanbia PLC | 55,197 | 901,603 | |
Glenveagh Properties PLC (a)(c) | 196,337 | 247,392 | |
Grafton Group PLC unit | 61,273 | 1,124,498 | |
Greencore Group PLC (a) | 142,155 | 251,354 | |
Hibernia (REIT) PLC | 181,423 | 264,253 | |
Irish Residential Properties REIT PLC | 123,501 | 232,710 | |
Origin Enterprises PLC | 33,605 | 130,139 | |
Uniphar PLC | 61,875 | 315,436 | |
TOTAL IRELAND | 6,481,204 | ||
Isle of Man - 0.1% | |||
Kape Technologies PLC (a) | 28,429 | 154,848 | |
Playtech Ltd. (a) | 82,829 | 788,955 | |
Strix Group PLC | 54,883 | 219,697 | |
TOTAL ISLE OF MAN | 1,163,500 | ||
Israel - 2.9% | |||
AFI Properties Ltd. (a) | 2,937 | 152,217 | |
Airport City Ltd. (a) | 18,259 | 347,829 | |
Alony Hetz Properties & Investments Ltd. | 39,652 | 646,467 | |
Altshuler Shaham Provident Funds & Pension Ltd. | 15,075 | 82,132 | |
Amot Investments Ltd. | 55,811 | 425,238 | |
Arad Investment & Industrial Development Ltd. | 859 | 97,455 | |
Ashtrom Group Ltd. | 10,961 | 256,017 | |
AudioCodes Ltd. | 7,135 | 248,029 | |
Azorim Investment Development & Construction Co. Ltd. (a) | 22,653 | 101,082 | |
Bezeq The Israel Telecommunication Corp. Ltd. (a) | 555,855 | 695,796 | |
Big Shopping Centers Ltd. | 2,689 | 402,626 | |
Blue Square Real Estate Ltd. | 1,406 | 108,415 | |
Caesarstone Sdot-Yam Ltd. | 6,453 | 80,533 | |
Camtek Ltd. (a) | 7,539 | 300,431 | |
Cellcom Israel Ltd. (Israel) (a) | 23,820 | 89,880 | |
Clal Insurance Enterprises Holdings Ltd. (a) | 16,666 | 411,442 | |
Cognyte Software Ltd. (a) | 17,781 | 354,020 | |
Compugen Ltd. (a)(b) | 22,994 | 149,231 | |
Danel Adir Yeoshua Ltd. | 1,409 | 297,442 | |
Delek Automotive Systems Ltd. | 14,050 | 183,687 | |
Delek Group Ltd. (a) | 2,467 | 204,651 | |
Delta Galil Industries Ltd. | 2,344 | 119,928 | |
Doral Group Renewable Energy Resources Ltd. (a) | 15,481 | 75,146 | |
Elco Ltd. | 2,458 | 159,162 | |
Electra Consumer Products 1970 Ltd. | 2,900 | 135,819 | |
Electra Israel Ltd. | 568 | 373,359 | |
Electreon Wireless Ltd. (a) | 1,178 | 62,877 | |
Energix-Renewable Energies Ltd. | 58,544 | 274,742 | |
Enlight Renewable Energy Ltd. (a) | 248,059 | 611,456 | |
Equital Ltd. (a) | 5,369 | 164,887 | |
Fattal Holdings 1998 Ltd. (a) | 1,617 | 173,640 | |
FIBI Holdings Ltd. | 4,864 | 213,660 | |
First International Bank of Israel | 15,126 | 605,164 | |
Formula Systems (1985) Ltd. | 2,481 | 265,949 | |
Fox Wizel Ltd. | 2,013 | 277,043 | |
Gav-Yam Lands Corp. Ltd. | 37,812 | 449,535 | |
Gazit-Globe Ltd. | 18,375 | 148,946 | |
Gilat Satellite Networks Ltd. | 8,896 | 73,516 | |
Harel Insurance Investments and Financial Services Ltd. | 31,526 | 351,590 | |
Hilan Ltd. | 4,008 | 221,657 | |
IDI Insurance Co. Ltd. | 2,159 | 86,651 | |
InMode Ltd. (a) | 13,446 | 1,273,874 | |
Isracard Ltd. | 54,197 | 217,346 | |
Israel Canada T.R Ltd. | 30,147 | 145,383 | |
Israel Corp. Ltd. (Class A) (a) | 1,057 | 388,882 | |
Isras Investment Co. Ltd. | 448 | 99,826 | |
Ituran Location & Control Ltd. | 5,079 | 132,105 | |
Kornit Digital Ltd. (a) | 12,441 | 2,081,130 | |
M Yochananof & Sons Ltd. | 1,365 | 94,038 | |
Magic Software Enterprises Ltd. | 7,381 | 156,701 | |
Malam Team Ltd. | 2,064 | 69,466 | |
Matrix IT Ltd. | 9,164 | 248,507 | |
Maytronics Ltd. | 11,698 | 276,004 | |
Mega Or Holdings Ltd. | 6,468 | 255,503 | |
Melisron Ltd. (a) | 5,802 | 490,108 | |
Menora Mivtachim Holdings Ltd. | 6,739 | 155,465 | |
Migdal Insurance & Financial Holdings Ltd. | 101,042 | 171,503 | |
Mivne Real Estate KD Ltd. | 168,329 | 612,812 | |
Nano Dimension Ltd. ADR (a)(b) | 67,322 | 395,853 | |
Naphtha Israel Petroleum Corp. Ltd. (a) | 8,298 | 51,372 | |
Nova Ltd. (a) | 7,628 | 807,553 | |
Oil Refineries Ltd. (a) | 474,257 | 128,293 | |
One Software Technologies Ltd. | 10,593 | 181,072 | |
OPC Energy Ltd. (a) | 24,463 | 255,117 | |
Partner Communications Co. Ltd. (a) | 37,893 | 191,240 | |
Paz Oil Co. Ltd. (a) | 2,543 | 323,224 | |
Plus500 Ltd. | 24,721 | 445,397 | |
Prashkovsky Investments & Construction Ltd. | 1,900 | 59,792 | |
Property & Building Corp. Ltd. (a) | 753 | 107,084 | |
Radware Ltd. (a) | 11,080 | 392,564 | |
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. | 2,377 | 178,781 | |
Reit 1 Ltd. | 48,700 | 304,418 | |
Shapir Engineering and Industry Ltd. | 39,177 | 320,166 | |
Shikun & Binui Ltd. (a) | 64,195 | 381,395 | |
Shufersal Ltd. | 72,136 | 596,356 | |
Strauss Group Ltd. | 14,195 | 416,876 | |
Summit Real Estate Holdings Ltd. (a) | 10,151 | 184,167 | |
Tadiran Group Ltd. | 776 | 101,036 | |
Taro Pharmaceutical Industries Ltd. (a) | 2,624 | 145,816 | |
The Phoenix Holdings Ltd. | 40,688 | 512,658 | |
Tower Semiconductor Ltd. (a) | 27,252 | 884,472 | |
Tremor International Ltd. (a) | 27,848 | 259,157 | |
UroGen Pharma Ltd. (a)(b) | 5,314 | 91,401 | |
YH Dimri Construction & Development Ltd. | 2,029 | 145,426 | |
TOTAL ISRAEL | 25,208,686 | ||
Italy - 2.8% | |||
A2A SpA | 421,766 | 886,387 | |
ACEA SpA | 11,242 | 243,800 | |
Anima Holding SpA (c) | 70,882 | 376,103 | |
Arnoldo Mondadori Editore SpA (a) | 36,402 | 84,161 | |
Ascopiave SpA | 22,802 | 92,784 | |
Autogrill SpA (a) | 52,445 | 410,805 | |
Azimut Holding SpA | 28,949 | 832,945 | |
Banca Generali SpA | 15,852 | 745,091 | |
Banca IFIS SpA | 6,499 | 120,130 | |
Banca Mediolanum S.p.A. | 60,342 | 607,290 | |
Banca Monte dei Paschi di Siena SpA (a)(b) | 79,095 | 94,268 | |
Banca Popolare di Sondrio SCARL | 123,269 | 535,226 | |
Banco BPM SpA | 369,614 | 1,147,657 | |
BFF Bank SpA (c) | 45,081 | 403,360 | |
Biesse SpA (a) | 3,693 | 114,156 | |
BPER Banca | 288,979 | 632,876 | |
Brembo SpA | 40,253 | 528,144 | |
Brunello Cucinelli SpA (a) | 9,206 | 557,648 | |
Buzzi Unicem SpA | 26,206 | 611,033 | |
Carel Industries SpA (c) | 9,496 | 274,434 | |
Cementir SpA | 12,721 | 133,673 | |
Cerved Information Solutions SpA | 10,538 | 126,448 | |
CIR SpA (a) | 186,795 | 102,893 | |
Credito Emiliano SpA | 23,590 | 178,891 | |
Danieli & C. Officine Meccaniche SpA | 2,918 | 98,160 | |
Datalogic SpA | 3,985 | 72,371 | |
De'Longhi SpA | 18,304 | 715,189 | |
Dovalue SpA (c) | 15,965 | 152,996 | |
El.En. Group SpA | 11,532 | 230,626 | |
Enav SpA (a)(c) | 74,006 | 324,238 | |
ERG SpA | 16,183 | 584,050 | |
Esprinet SpA | 8,047 | 104,372 | |
Falck Renewables SpA | 31,773 | 320,098 | |
Fila SpA | 5,756 | 69,334 | |
Fincantieri SpA (a)(b) | 134,954 | 106,397 | |
Gruppo MutuiOnline SpA | 7,093 | 346,429 | |
GVS SpA (c) | 18,783 | 279,014 | |
Hera SpA | 222,136 | 908,263 | |
Illimity Bank SpA (a) | 15,270 | 240,775 | |
Immobiliare Grande Distribuzione SpA (a) | 14,831 | 64,978 | |
Interpump Group SpA | 19,084 | 1,406,395 | |
Iren SpA | 174,330 | 541,297 | |
Italgas SpA | 130,292 | 826,890 | |
Italmobiliare SpA | 3,347 | 117,428 | |
Juventus Football Club SpA (a)(b) | 140,652 | 113,653 | |
La Doria SpA | 3,387 | 64,917 | |
Leonardo SpA (a) | 109,344 | 801,134 | |
Maire Tecnimont SpA | 40,009 | 172,329 | |
MARR SpA | 9,103 | 214,250 | |
Piaggio & C SpA | 42,625 | 142,896 | |
Pirelli & C. SpA (c) | 94,962 | 583,130 | |
Rai Way SpA (c) | 24,991 | 151,381 | |
Reply SpA | 5,552 | 1,076,317 | |
Saipem SpA (a)(b) | 152,897 | 335,204 | |
Salcef Group SpA | 4,489 | 103,786 | |
Salvatore Ferragamo Italia SpA (a) | 13,509 | 287,186 | |
Sanlorenzo SpA | 3,253 | 136,505 | |
Saras Raffinerie Sarde SpA (a) | 152,662 | 113,369 | |
Sesa SpA | 2,065 | 404,859 | |
Societa Cattolica Di Assicurazioni SCRL (a) | 33,610 | 255,654 | |
Tamburi Investment Partners SpA | 27,273 | 307,394 | |
Technogym SpA (c) | 35,658 | 374,283 | |
Tinexta SpA | 5,695 | 252,145 | |
Tod's SpA (a) | 2,708 | 149,260 | |
Unipol Gruppo SpA (b) | 107,035 | 614,950 | |
Webuild SpA (b) | 108,192 | 267,650 | |
Webuild SpA warrants 8/2/30 (a)(d) | 6,641 | 6,617 | |
Zignago Vetro SpA | 5,790 | 116,730 | |
TOTAL ITALY | 24,395,102 | ||
Japan - 27.1% | |||
77 Bank Ltd. | 15,300 | 156,084 | |
Activia Properties, Inc. | 177 | 725,642 | |
Adastria Co. Ltd. | 6,000 | 111,301 | |
Adeka Corp. | 21,100 | 469,377 | |
Advan Group Co. Ltd. | 4,900 | 41,874 | |
Advance Residence Investment Corp. | 355 | 1,166,781 | |
Aeon (REIT) Investment Corp. | 375 | 506,941 | |
Aeon Delight Co. Ltd. | 5,900 | 181,200 | |
AEON Financial Service Co. Ltd. | 29,400 | 373,531 | |
Aeon Hokkaido Corp. | 5,600 | 64,674 | |
AEON MALL Co. Ltd. | 27,600 | 404,332 | |
Ai Holdings Corp. | 9,700 | 183,080 | |
AI inside, Inc. (a) | 400 | 25,093 | |
Aica Kogyo Co. Ltd. | 13,600 | 416,851 | |
Aichi Corp. | 7,300 | 51,747 | |
Aichi Steel Corp. | 2,600 | 60,572 | |
Aida Engineering Ltd. | 12,000 | 108,935 | |
Aiful Corp. | 84,300 | 280,849 | |
Ain Holdings, Inc. | 6,800 | 401,366 | |
Air Water, Inc. | 49,700 | 760,414 | |
Akatsuki, Inc. | 2,200 | 60,020 | |
Alfresa Holdings Corp. | 50,800 | 716,127 | |
Alpen Co. Ltd. | 3,800 | 92,691 | |
Alpha Systems, Inc. | 1,700 | 64,906 | |
Alps Electric Co. Ltd. | 56,900 | 555,973 | |
Altech Corp. | 4,300 | 77,460 | |
Amada Co. Ltd. | 92,200 | 910,887 | |
Amano Corp. | 14,300 | 353,863 | |
Amuse, Inc. | 3,100 | 60,325 | |
Anest Iwata Corp. | 8,600 | 68,507 | |
AnGes MG, Inc. (a) | 38,000 | 180,378 | |
Anicom Holdings, Inc. | 19,500 | 152,032 | |
Anritsu Corp. | 37,400 | 620,184 | |
Aoki International Co. Ltd. | 9,700 | 59,223 | |
Aozora Bank Ltd. | 32,200 | 736,575 | |
Arata Corp. | 3,800 | 134,514 | |
Arcland Sakamoto Co. Ltd. | 7,000 | 104,705 | |
Arcland Service Holdings Co. Ltd. | 4,100 | 81,375 | |
ARCS Co. Ltd. | 11,400 | 219,077 | |
Argo Graphics, Inc. | 4,400 | 122,524 | |
Ariake Japan Co. Ltd. | 4,900 | 319,029 | |
ARTERIA Networks Corp. | 7,000 | 98,771 | |
Aruhi Corp. | 9,200 | 106,662 | |
As One Corp. | 3,900 | 534,622 | |
Asahi Holdings, Inc. | 20,500 | 365,887 | |
Asics Corp. | 41,000 | 1,021,779 | |
ASKUL Corp. | 10,100 | 137,186 | |
Atom Corp. | 31,600 | 213,162 | |
Autobacs Seven Co. Ltd. | 17,800 | 230,216 | |
Avex, Inc. | 9,100 | 124,250 | |
Axial Retailing, Inc. | 4,400 | 139,945 | |
Bank of Kyoto Ltd. | 15,400 | 692,588 | |
Bank of Nagoya Ltd. | 3,100 | 65,943 | |
BASE, Inc. (a) | 21,400 | 174,872 | |
BayCurrent Consulting, Inc. | 3,600 | 1,494,073 | |
Belc Co. Ltd. | 2,800 | 138,226 | |
Bell System24 Holdings, Inc. | 8,900 | 114,343 | |
Belluna Co. Ltd. | 13,500 | 94,799 | |
Benefit One, Inc. | 21,600 | 1,090,078 | |
Benesse Holdings, Inc. | 18,100 | 414,095 | |
Benext-Yumeshin Group Co. | 14,800 | 192,947 | |
Bengo4.Com, Inc. (a) | 2,100 | 126,286 | |
Bic Camera, Inc. | 25,100 | 216,476 | |
BML, Inc. | 6,000 | 210,899 | |
Broadleaf Co. Ltd. | 23,800 | 114,245 | |
Bunka Shutter Co. Ltd. | 13,300 | 129,644 | |
Bushiroad, Inc. (a) | 3,200 | 44,634 | |
Calbee, Inc. | 23,700 | 610,642 | |
Canon Electronics, Inc. | 5,100 | 70,200 | |
Canon Marketing Japan, Inc. | 12,200 | 241,686 | |
Cawachi Ltd. | 3,300 | 64,369 | |
CellSource Co. Ltd. (a) | 1,500 | 84,992 | |
Central Glass Co. Ltd. | 8,600 | 160,146 | |
Central Security Patrols Co. Ltd. | 2,100 | 50,491 | |
Change, Inc. (a) | 9,100 | 163,986 | |
Chatwork Co. Ltd. (a) | 3,600 | 33,483 | |
Chiyoda Corp. (a) | 42,600 | 155,724 | |
Chofu Seisakusho Co. Ltd. | 4,800 | 86,730 | |
Chubu Shiryo Co. Ltd. | 5,100 | 48,743 | |
Chudenko Corp. | 7,600 | 148,812 | |
Chugoku Electric Power Co., Inc. | 78,300 | 649,486 | |
Chugoku Marine Paints Ltd. | 10,200 | 78,955 | |
Ci Takiron Corp. | 10,300 | 54,931 | |
Citizen Watch Co. Ltd. | 71,800 | 313,124 | |
CKD Corp. | 13,600 | 269,622 | |
Coca-Cola West Co. Ltd. | 33,600 | 462,389 | |
COLOPL, Inc. | 15,900 | 114,873 | |
Colowide Co. Ltd. | 16,200 | 234,194 | |
Comforia Residential REIT, Inc. | 169 | 493,760 | |
Computer Engineering & Consulting Ltd. | 6,400 | 76,196 | |
COMSYS Holdings Corp. | 30,400 | 752,736 | |
Comture Corp. | 6,200 | 168,132 | |
CONEXIO Corp. | 4,100 | 52,547 | |
Cosmo Energy Holdings Co. Ltd. | 15,100 | 308,684 | |
CRE Logistics REIT, Inc. | 127 | 247,084 | |
Create Restaurants Holdings, Inc. | 23,200 | 159,503 | |
Create SD Holdings Co. Ltd. | 7,200 | 221,343 | |
Credit Saison Co. Ltd. | 40,100 | 491,615 | |
Curves Holdings Co. Ltd. | 13,900 | 108,296 | |
CYBERDYNE, Inc. (a) | 29,300 | 102,328 | |
Cybozu, Inc. | 6,400 | 151,845 | |
Dai-Dan Co. Ltd. | 3,400 | 71,586 | |
Daibiru Corp. | 12,500 | 173,947 | |
Daicel Chemical Industries Ltd. | 69,900 | 523,360 | |
Daido Steel Co. Ltd. | 7,100 | 272,021 | |
Daihen Corp. | 5,100 | 212,881 | |
Daiho Corp. | 2,800 | 94,320 | |
Daiichi Jitsugyo Co. Ltd. | 1,900 | 88,378 | |
Daiichikosho Co. Ltd. | 9,600 | 348,571 | |
Daiken Corp. | 2,600 | 56,817 | |
Daikokutenbussan Co. Ltd. | 1,400 | 79,753 | |
DaikyoNishikawa Corp. | 10,400 | 62,497 | |
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 3,100 | 71,657 | |
Daio Paper Corp. | 23,100 | 406,481 | |
Daiseki Co. Ltd. | 11,880 | 554,520 | |
Daishi Hokuetsu Financial Group, Inc. | 10,000 | 223,954 | |
Daito Pharmaceutical Co. Ltd. | 3,200 | 90,241 | |
Daiwa Industries Ltd. | 7,600 | 84,703 | |
Daiwa Office Investment Corp. | 86 | 555,121 | |
Daiwa Securities Living Invest | 492 | 497,027 | |
Daiwabo Holdings Co. Ltd. | 23,500 | 413,717 | |
DCM Holdings Co. Ltd. | 33,400 | 325,654 | |
Demae-Can Co. Ltd. (a) | 13,300 | 158,222 | |
DeNA Co. Ltd. | 23,100 | 426,707 | |
Denka Co. Ltd. | 21,600 | 707,166 | |
Denyo Co. Ltd. | 4,000 | 69,357 | |
Descente Ltd. (a) | 8,200 | 310,821 | |
Dexerials Corp. | 14,600 | 295,347 | |
Dic Corp. | 20,400 | 540,126 | |
Digital Arts, Inc. | 3,000 | 244,954 | |
Digital Garage, Inc. | 8,900 | 415,755 | |
Digital Holdings, Inc. | 4,100 | 62,875 | |
Dip Corp. | 9,600 | 344,441 | |
Direct Marketing MiX, Inc. | 2,400 | 92,055 | |
Dmg Mori Co. Ltd. | 30,700 | 528,679 | |
Doshisha Co. Ltd. | 5,200 | 81,477 | |
Doutor Nichires Holdings Co., Ltd. | 8,000 | 114,755 | |
Dowa Holdings Co. Ltd. | 13,300 | 555,460 | |
DTS Corp. | 10,000 | 221,887 | |
Duskin Co. Ltd. | 10,200 | 245,716 | |
Dydo Group Holdings, Inc. | 2,500 | 119,116 | |
Eagle Industry Co. Ltd. | 6,800 | 72,635 | |
Earth Corp. | 4,200 | 257,735 | |
Ebara Corp. | 25,700 | 1,402,369 | |
eBase Co. Ltd. | 6,800 | 45,300 | |
EDION Corp. | 20,800 | 197,406 | |
Edulab, Inc. | 1,000 | 14,128 | |
eGuarantee, Inc. | 9,300 | 207,103 | |
Eiken Chemical Co. Ltd. | 8,100 | 136,162 | |
Eizo Corp. | 3,900 | 149,151 | |
Elan Corp. | 8,900 | 96,197 | |
Elecom Co. Ltd. | 12,200 | 186,606 | |
Electric Power Development Co. Ltd. | 39,100 | 516,886 | |
Elematec Corp. | 4,700 | 46,904 | |
EM Systems Co. Ltd. | 9,400 | 62,313 | |
en japan, Inc. | 8,000 | 317,695 | |
Enigmo, Inc. | 6,500 | 61,732 | |
Enplas Corp. | 1,800 | 47,735 | |
eRex Co. Ltd. | 7,000 | 160,294 | |
ES-Con Japan Ltd. | 9,100 | 65,386 | |
ESPEC Corp. | 4,700 | 95,338 | |
euglena Co. Ltd. (a) | 26,900 | 190,694 | |
Exedy Corp. | 7,700 | 114,698 | |
Exeo Group, Inc. | 27,000 | 624,081 | |
Ezaki Glico Co. Ltd. | 12,800 | 464,557 | |
Fancl Corp. | 21,200 | 642,741 | |
FCC Co. Ltd. | 9,100 | 125,988 | |
Ferrotec Holdings Corp. | 9,500 | 318,673 | |
Financial Products Group Co. Ltd. | 16,900 | 97,818 | |
Food & Life Companies Ltd. | 29,800 | 1,291,634 | |
FP Corp. | 12,500 | 424,463 | |
Freee KK (a) | 8,800 | 631,628 | |
Frontier Real Estate Investment Corp. | 124 | 548,594 | |
Fuji Co. Ltd. | 4,600 | 81,066 | |
Fuji Corp. | 18,600 | 433,865 | |
Fuji Kyuko Co. Ltd. | 5,900 | 237,693 | |
Fuji Media Holdings, Inc. | 12,200 | 126,459 | |
Fuji Oil Holdings, Inc. | 12,800 | 300,390 | |
Fuji Seal International, Inc. | 11,300 | 248,504 | |
Fuji Soft ABC, Inc. | 6,300 | 320,818 | |
Fujibo Holdings, Inc. | 2,500 | 90,673 | |
Fujicco Co. Ltd. | 4,900 | 82,262 | |
Fujikura Ltd. (a) | 63,000 | 339,812 | |
Fujimi, Inc. | 4,600 | 289,272 | |
Fujimori Kogyo Co. Ltd. | 3,800 | 156,247 | |
Fujio Food Group, Inc. | 3,800 | 45,392 | |
Fujitec Co. Ltd. | 17,300 | 392,980 | |
Fujitsu General Ltd. | 16,300 | 399,709 | |
Fujiya Co. Ltd. | 2,800 | 57,951 | |
Fukuda Corp. | 1,300 | 52,923 | |
Fukui Computer Holdings, Inc. | 2,300 | 82,965 | |
Fukuoka (REIT) Investment Fund | 170 | 252,317 | |
Fukuoka Financial Group, Inc. | 46,700 | 838,981 | |
Fukushima Industries Corp. | 3,200 | 127,219 | |
Fukuyama Transporting Co. Ltd. | 7,500 | 298,762 | |
Fullcast Holdings Co. Ltd. | 4,900 | 114,376 | |
Funai Soken Holdings, Inc. | 9,900 | 275,038 | |
Furukawa Co. Ltd. | 8,000 | 88,528 | |
Furukawa Electric Co. Ltd. | 18,100 | 396,048 | |
Fuso Chemical Co. Ltd. | 4,700 | 216,391 | |
Futaba Industrial Co. Ltd. | 14,600 | 57,159 | |
Future Corp. | 5,600 | 163,784 | |
Fuyo General Lease Co. Ltd. | 4,500 | 292,462 | |
G-7 Holdings, Inc. | 5,400 | 98,801 | |
G-Tekt Corp. | 5,900 | 73,555 | |
GA Technologies Co. Ltd. (a) | 4,100 | 42,583 | |
Gakken Holdings Co. Ltd. | 5,000 | 48,945 | |
Genky DrugStores Co. Ltd. | 1,900 | 91,631 | |
Geo Holdings Corp. | 7,200 | 76,493 | |
giftee, Inc. (a) | 3,200 | 108,174 | |
Giken Ltd. | 4,600 | 175,527 | |
Global One Real Estate Investment Corp. | 257 | 264,705 | |
Glory Ltd. | 12,700 | 273,371 | |
GMO Financial Gate, Inc. | 300 | 77,912 | |
GMO Financial Holdings, Inc. | 9,200 | 70,468 | |
GMO GlobalSign Holdings KK | 1,300 | 53,538 | |
GMO Internet, Inc. | 18,200 | 502,579 | |
GNI Group Ltd. (a) | 11,300 | 158,336 | |
Goldcrest Co. Ltd. | 4,500 | 64,476 | |
GOLDWIN, Inc. | 6,300 | 381,209 | |
Grace Technology, Inc. | 6,700 | 61,323 | |
GREE, Inc. | 29,500 | 248,799 | |
GS Yuasa Corp. | 17,900 | 389,677 | |
GungHo Online Entertainment, Inc. | 12,800 | 240,139 | |
Gunma Bank Ltd. | 93,800 | 289,588 | |
Gunze Ltd. | 3,800 | 146,460 | |
H.I.S. Co. Ltd. (a) | 11,400 | 256,351 | |
H.U. Group Holdings, Inc. | 13,800 | 340,325 | |
H2O Retailing Corp. | 24,100 | 192,467 | |
Halows Co. Ltd. | 2,600 | 63,873 | |
Hamakyorex Co. Ltd. | 4,000 | 110,898 | |
Hankyu REIT, Inc. | 168 | 247,774 | |
Hanwa Co. Ltd. | 9,200 | 276,355 | |
Haseko Corp. | 69,200 | 901,056 | |
Hazama Ando Corp. | 48,100 | 325,719 | |
HEALIOS KK (a) | 5,600 | 84,632 | |
Heiwa Corp. | 14,700 | 262,117 | |
Heiwa Real Estate (REIT), Inc. | 231 | 322,512 | |
Heiwa Real Estate Co. Ltd. | 8,300 | 262,039 | |
Heiwado Co. Ltd. | 7,800 | 135,019 | |
Hennge K.K. (a) | 1,700 | 84,072 | |
Hibiya Engineering Ltd. | 4,400 | 73,967 | |
Hiday Hidaka Corp. | 6,600 | 94,267 | |
Hioki EE Corp. | 2,400 | 167,630 | |
Hirata Corp. | 2,300 | 140,234 | |
Hirogin Holdings, Inc. | 77,100 | 424,763 | |
Hitachi Transport System Ltd. | 9,100 | 358,505 | |
Hitachi Zosen Corp. | 44,200 | 346,569 | |
Hogy Medical Co. Ltd. | 6,400 | 175,468 | |
Hokkaido Electric Power Co., Inc. | 46,500 | 193,248 | |
Hokkoku Financial Holdings, Inc. | 5,700 | 99,345 | |
Hokuetsu Kishu Paper Co. Ltd. | 33,700 | 222,673 | |
Hokuhoku Financial Group, Inc. | 32,200 | 230,351 | |
Hokuriku Electric Power Co., Inc. | 44,900 | 213,803 | |
Hokuto Corp. | 5,200 | 89,800 | |
Horiba Ltd. | 9,200 | 603,163 | |
Hoshino Resorts REIT, Inc. | 55 | 359,126 | |
Hosiden Corp. | 13,700 | 144,446 | |
Hosokawa Micron Corp. | 3,400 | 94,064 | |
House Foods Group, Inc. | 16,400 | 470,546 | |
Hulic (REIT), Inc. | 329 | 498,431 | |
Hyakujushi Bank Ltd. | 6,100 | 78,928 | |
Ichibanya Co. Ltd. | 3,800 | 153,630 | |
Ichigo Real Estate Investment Corp. | 325 | 246,190 | |
Ichigo, Inc. | 68,800 | 205,957 | |
Ichikoh Industries Ltd. | 7,900 | 39,192 | |
Idec Corp. | 7,500 | 158,948 | |
IDOM, Inc. | 15,600 | 106,848 | |
IHI Corp. (a) | 35,500 | 829,203 | |
Iino Kaiun Kaisha Ltd. | 19,700 | 95,011 | |
Inaba Denki Sangyo Co. Ltd. | 13,000 | 311,839 | |
Inabata & Co. Ltd. | 12,300 | 182,086 | |
Inageya Co. Ltd. | 5,600 | 67,684 | |
Industrial & Infrastructure Fund Investment Corp. | 502 | 920,441 | |
Infocom Corp. | 6,400 | 122,882 | |
Infomart Corp. | 52,700 | 514,265 | |
Information Services Inter-Dentsu Ltd. | 6,100 | 213,423 | |
INFRONEER Holdings, Inc. | 58,316 | 484,452 | |
Insource Co. Ltd. | 5,700 | 114,123 | |
Internet Initiative Japan, Inc. | 13,900 | 486,337 | |
Invesco Office J-REIT, Inc. | 839 | 166,966 | |
Invincible Investment Corp. | 1,656 | 654,697 | |
IR Japan Holdings Ltd. | 2,400 | 221,329 | |
Iriso Electronics Co. Ltd. | 5,300 | 243,485 | |
Isetan Mitsukoshi Holdings Ltd. | 91,200 | 666,759 | |
ITOCHU Advance Logistics Investment Corp. | 154 | 219,310 | |
Itochu Enex Co. Ltd. | 14,000 | 123,528 | |
Itochushokuhin Co. Ltd. | 1,400 | 64,699 | |
Itoham Yonekyu Holdings, Inc. | 40,700 | 248,171 | |
Iwatani Corp. | 12,700 | 750,131 | |
Iyo Bank Ltd. | 63,100 | 308,718 | |
Izumi Co. Ltd. | 8,600 | 260,741 | |
J-Oil Mills, Inc. | 4,900 | 78,979 | |
J-Stream, Inc. | 2,800 | 24,742 | |
J. Front Retailing Co. Ltd. | 65,900 | 610,822 | |
JAC Recruitment Co. Ltd. | 4,000 | 78,482 | |
JACCS Co. Ltd. | 5,600 | 149,354 | |
JAFCO Co. Ltd. | 7,900 | 500,522 | |
Japan Airport Terminal Co. Ltd. (a) | 16,300 | 808,603 | |
Japan Aviation Electronics Industry Ltd. | 12,600 | 208,918 | |
Japan Display, Inc. (a) | 159,400 | 47,713 | |
Japan Elevator Service Holdings Co. Ltd. | 15,600 | 338,065 | |
Japan Excellent, Inc. | 329 | 397,244 | |
Japan Hotel REIT Investment Corp. | 1,208 | 729,522 | |
Japan Investment Adviser Co. Ltd. | 3,800 | 41,555 | |
Japan Lifeline Co. Ltd. | 15,900 | 171,213 | |
Japan Logistics Fund, Inc. | 220 | 658,091 | |
Japan Material Co. Ltd. | 17,500 | 243,358 | |
Japan Medical Dynamic Marketing, Inc. | 3,900 | 74,968 | |
Japan Petroleum Exploration Co. Ltd. | 9,100 | 165,599 | |
Japan Prime Realty Investment Corp. | 220 | 806,940 | |
Japan Pulp & Paper Co. Ltd. | 2,700 | 91,083 | |
Japan Securities Finance Co. Ltd. | 25,100 | 191,613 | |
Japan Steel Works Ltd. | 16,100 | 472,974 | |
Japan Wool Textile Co. Ltd. | 12,100 | 96,635 | |
JCR Pharmaceuticals Co. Ltd. | 17,600 | 431,955 | |
Jcu Corp. | 5,200 | 208,855 | |
JDC Corp. | 10,600 | 55,629 | |
JEOL Ltd. | 9,900 | 750,305 | |
JGC Corp. | 59,000 | 554,441 | |
JIG-SAW, Inc. (a) | 1,300 | 89,448 | |
JINS Holdings, Inc. | 3,500 | 221,292 | |
Jm Holdings Co. Ltd. | 3,300 | 54,168 | |
JMDC, Inc. (a) | 6,900 | 518,742 | |
Joshin Denki Co. Ltd. | 4,700 | 97,828 | |
Joyful Honda Co. Ltd. | 15,100 | 207,673 | |
JSP Corp. | 3,400 | 45,752 | |
JTEKT Corp. | 55,800 | 493,920 | |
JTOWER, Inc. (a) | 2,200 | 209,014 | |
Juroku Financial Group, Inc. | 7,600 | 138,032 | |
Justsystems Corp. | 8,700 | 449,671 | |
K's Holdings Corp. | 45,900 | 473,813 | |
Kadokawa Corp. | 12,500 | 660,008 | |
KAGA ELECTRONICS Co. Ltd. | 4,200 | 115,445 | |
Kagome Co. Ltd. | 20,200 | 512,591 | |
Kaken Pharmaceutical Co. Ltd. | 8,100 | 319,495 | |
Kamakura Shinsho Ltd. | 6,700 | 54,133 | |
Kameda Seika Co. Ltd. | 3,700 | 144,709 | |
Kamei Corp. | 5,600 | 57,066 | |
Kamigumi Co. Ltd. | 27,800 | 559,752 | |
Kanamoto Co. Ltd. | 8,200 | 175,651 | |
Kandenko Co. Ltd. | 27,800 | 215,501 | |
Kaneka Corp. | 12,900 | 494,701 | |
Kanematsu Corp. | 20,400 | 236,909 | |
Kanematsu Electric Ltd. | 3,200 | 104,517 | |
Kanto Denka Kogyo Co. Ltd. | 10,900 | 100,261 | |
Kappa Create Co. Ltd. (a) | 6,600 | 80,211 | |
Katakura Industries Co. Ltd. | 5,800 | 88,172 | |
Katitas Co. Ltd. | 13,800 | 503,890 | |
Kato Sangyo | 6,300 | 177,626 | |
Kawasaki Heavy Industries Ltd. (a) | 38,400 | 779,230 | |
Kawasaki Kisen Kaisha Ltd. (a) | 12,700 | 612,145 | |
KeePer Technical Laboratory Co. Ltd. | 3,800 | 109,581 | |
Keihan Electric Railway Co., Ltd. | 26,000 | 683,972 | |
Keihanshin Bldg Co. Ltd. | 7,900 | 98,694 | |
Keikyu Corp. | 59,600 | 672,671 | |
Keiyo Co. Ltd. | 9,300 | 67,731 | |
Kenedix Office Investment Corp. | 115 | 728,150 | |
Kenedix Residential Investment Corp. | 253 | 486,522 | |
Kenedix Retail REIT Corp. | 157 | 400,593 | |
Kewpie Corp. | 28,400 | 622,936 | |
Key Coffee, Inc. | 4,400 | 86,085 | |
Kfc Holdings Japan Ltd. | 3,800 | 96,357 | |
KH Neochem Co. Ltd. | 9,100 | 233,877 | |
Kinden Corp. | 33,300 | 546,474 | |
Kintetsu Department Store Co. Ltd. (a) | 2,200 | 49,214 | |
Kintetsu World Express, Inc. | 9,900 | 237,765 | |
Kisoji Co. Ltd. | 6,000 | 112,682 | |
Kissei Pharmaceutical Co. Ltd. | 6,900 | 138,023 | |
Kitanotatsujin Corp. | 18,800 | 68,490 | |
Kitz Corp. | 15,800 | 105,699 | |
Koa Corp. | 8,300 | 112,202 | |
Kobe Steel Ltd. | 83,800 | 492,358 | |
Kohnan Shoji Co. Ltd. | 6,600 | 206,404 | |
Kojima Co. Ltd. | 8,700 | 44,802 | |
Kokuyo Co. Ltd. | 22,600 | 343,947 | |
KOMEDA Holdings Co. Ltd. | 12,400 | 224,903 | |
KOMERI Co. Ltd. | 7,900 | 182,437 | |
Komori Corp. | 11,500 | 75,115 | |
Konica Minolta, Inc. | 122,400 | 605,842 | |
Konishi Co. Ltd. | 7,500 | 116,655 | |
Konoike Transport Co. Ltd. | 6,900 | 75,526 | |
Koshidaka Holdings Co. Ltd. | 11,200 | 68,629 | |
Kotobuki Spirits Co. Ltd. | 5,000 | 334,307 | |
Kumagai Gumi Co. Ltd. | 9,500 | 235,139 | |
Kumiai Chemical Industry Co. Ltd. | 21,100 | 157,341 | |
Kura Sushi, Inc. | 5,700 | 184,428 | |
Kuraray Co. Ltd. | 81,600 | 738,403 | |
Kureha Chemical Industry Co. Ltd. | 4,200 | 272,949 | |
Kusuri No Aoki Holdings Co. Ltd. | 4,200 | 279,575 | |
Kyb Corp. | 5,000 | 133,804 | |
Kyoei Steel Ltd. | 5,300 | 65,396 | |
Kyokuto Kaihatsu Kogyo Co. Ltd. | 8,100 | 110,702 | |
Kyorin Holdings, Inc. | 10,300 | 158,217 | |
Kyoritsu Maintenance Co. Ltd. | 7,900 | 296,024 | |
Kyudenko Corp. | 11,500 | 364,782 | |
Kyushu Electric Power Co., Inc. | 108,700 | 765,725 | |
Kyushu Financial Group, Inc. | 96,400 | 324,634 | |
Kyushu Railway Co. | 36,000 | 805,845 | |
LaSalle Logiport REIT | 482 | 804,223 | |
LEC, Inc. | 5,700 | 52,119 | |
Leopalace21 Corp. (a) | 47,800 | 102,970 | |
LIFE Corp. | 4,000 | 131,297 | |
Lifenet Insurance Co. (a) | 9,700 | 96,628 | |
LIFULL Co. Ltd. | 20,100 | 63,078 | |
Link & Motivation, Inc. | 9,000 | 95,090 | |
Lintec Corp. | 11,400 | 254,487 | |
LITALICO, Inc. | 5,200 | 157,012 | |
M&A Capital Partners Co. Ltd. (a) | 3,900 | 219,979 | |
Mabuchi Motor Co. Ltd. | 13,000 | 448,218 | |
Macnica Fuji Electronics Holdings, Inc. | 12,600 | 296,222 | |
Maeda Kosen Co. Ltd. | 4,700 | 136,324 | |
Makino Milling Machine Co. Ltd. | 6,400 | 230,260 | |
Makuake, Inc. (a) | 1,300 | 52,576 | |
Mandom Corp. | 9,600 | 139,553 | |
Mani, Inc. | 20,300 | 346,044 | |
Marudai Food Co. Ltd. | 4,600 | 68,428 | |
Maruha Nichiro Corp. | 10,900 | 245,912 | |
Marui Group Co. Ltd. | 51,400 | 1,008,659 | |
Maruichi Steel Tube Ltd. | 15,400 | 349,915 | |
Marusan Securities Co. Ltd. | 14,600 | 76,941 | |
Maruwa Ceramic Co. Ltd. | 2,300 | 257,800 | |
Maruwa Unyu Kikan Co. Ltd. | 10,200 | 142,847 | |
Maruzen Showa Unyu Co. Ltd. | 3,300 | 100,780 | |
Marvelous, Inc. | 8,100 | 51,419 | |
Matsuda Sangyo Co. Ltd. | 3,200 | 95,611 | |
Matsui Securities Co. Ltd. | 31,500 | 225,982 | |
Matsumotokiyoshi Holdings Co. Ltd. | 30,770 | 1,364,327 | |
Matsuya Co. Ltd. (a) | 7,300 | 69,716 | |
Matsuyafoods Holdings Co. Ltd. | 2,300 | 73,560 | |
Max Co. Ltd. | 6,900 | 109,891 | |
Maxell Ltd. | 12,200 | 146,806 | |
Maxvalu Tokai Co. Ltd. | 2,600 | 59,568 | |
MCJ Co. Ltd. | 18,100 | 203,782 | |
Mebuki Financial Group, Inc. | 268,000 | 548,735 | |
Media Do Co. Ltd. | 2,300 | 86,421 | |
Medical Data Vision Co. Ltd. | 6,900 | 89,015 | |
Medley, Inc. (a) | 5,700 | 168,079 | |
MedPeer, Inc. (a) | 3,500 | 105,168 | |
Megachips Corp. | 4,300 | 135,956 | |
Megmilk Snow Brand Co. Ltd. | 12,200 | 236,069 | |
Meidensha Corp. | 9,400 | 197,864 | |
Meiko Electronics Co. Ltd. | 5,500 | 152,630 | |
Meisei Industrial Co. Ltd. | 8,800 | 52,440 | |
Meitec Corp. | 6,500 | 390,959 | |
Melco Holdings, Inc. | 1,500 | 61,991 | |
Menicon Co. Ltd. | 15,400 | 578,182 | |
Metawater Co. Ltd. | 6,100 | 103,217 | |
Micronics Japan Co. Ltd. | 7,500 | 99,303 | |
Mie Kotsu Group Holdings, Inc. | 13,200 | 57,694 | |
Milbon Co. Ltd. | 6,800 | 407,143 | |
Mimasu Semiconductor Industries Co. Ltd. | 4,400 | 96,273 | |
Mirai Corp. | 455 | 210,065 | |
Mirait Holdings Corp. | 24,900 | 478,895 | |
Miroku Jyoho Service Co., Ltd. | 4,900 | 77,364 | |
Mitani Sekisan Co. Ltd. | 2,700 | 171,326 | |
Mitsubishi Estate Logistics REIT Investment Corp. | 100 | 432,416 | |
Mitsubishi Logisnext Co. Ltd. | 7,000 | 64,374 | |
Mitsubishi Logistics Corp. | 14,300 | 399,334 | |
Mitsubishi Materials Corp. | 30,300 | 588,207 | |
Mitsubishi Motors Corp. of Japan (a) | 179,800 | 575,454 | |
Mitsubishi Pencil Co. Ltd. | 9,300 | 111,577 | |
Mitsubishi Research Institute, Inc. | 2,100 | 78,434 | |
Mitsubishi Shokuhin Co. Ltd. | 4,700 | 120,989 | |
Mitsuboshi Belting Ltd. | 6,000 | 106,644 | |
Mitsui Fudosan Logistics Park, Inc. | 139 | 738,916 | |
Mitsui High-Tec, Inc. | 5,300 | 409,377 | |
Mitsui Mining & Smelting Co. Ltd. | 15,600 | 447,645 | |
Mitsui OSK Lines Ltd. | 29,300 | 1,847,409 | |
Mitsui Sugar Co. Ltd. | 4,200 | 74,635 | |
Mitsui-Soko Co. Ltd. | 5,100 | 102,292 | |
Mitsuuroko Group Holdings Co. Ltd. | 7,900 | 94,532 | |
mixi, Inc. | 11,500 | 263,515 | |
Mizuho Leasing Co. Ltd. | 7,200 | 222,457 | |
Mizuno Corp. | 4,900 | 114,039 | |
Mochida Pharmaceutical Co. Ltd. | 6,700 | 195,382 | |
Modalis Therapeutics Corp. (a) | 3,100 | 28,958 | |
Modec, Inc. | 5,200 | 89,440 | |
Monex Group, Inc. | 41,600 | 270,896 | |
Money Forward, Inc. (a) | 11,500 | 781,458 | |
Mori Hills REIT Investment Corp. | 416 | 564,030 | |
Mori Trust Hotel (REIT), Inc. | 88 | 109,261 | |
MORI TRUST Sogo (REIT), Inc. | 267 | 344,948 | |
Morinaga & Co. Ltd. | 10,100 | 356,921 | |
Morinaga Milk Industry Co. Ltd. | 10,000 | 586,047 | |
Morita Holdings Corp. | 8,300 | 104,429 | |
MOS Food Services, Inc. | 6,500 | 181,249 | |
MTI Ltd. | 5,800 | 37,149 | |
Musashi Seimitsu Industry Co. Ltd. | 12,300 | 231,500 | |
Nachi-Fujikoshi Corp. | 4,000 | 151,521 | |
Nafco Co. Ltd. | 3,600 | 54,455 | |
Nagaileben Co. Ltd. | 5,600 | 115,100 | |
Nagase & Co. Ltd. | 27,100 | 458,689 | |
Nagatanien Holdings Co. Ltd. | 3,100 | 56,763 | |
Nagoya Railroad Co. Ltd. (a) | 50,500 | 834,397 | |
Nakanishi, Inc. | 19,200 | 445,349 | |
Nankai Electric Railway Co. Ltd. | 27,600 | 547,771 | |
NEC Networks & System Integration Corp. | 17,900 | 288,019 | |
Net One Systems Co. Ltd. | 23,300 | 764,086 | |
Nextage Co. Ltd. | 11,700 | 214,423 | |
NGK Spark Plug Co. Ltd. | 41,500 | 662,963 | |
NHK Spring Co. Ltd. | 53,000 | 399,821 | |
Nichi-iko Pharmaceutical Co. Ltd. | 13,300 | 100,971 | |
Nichias Corp. | 15,700 | 384,414 | |
Nichicon Corp. | 12,500 | 118,293 | |
Nichiden Corp. | 3,800 | 76,456 | |
Nichiha Corp. | 6,700 | 192,603 | |
Nichirei Corp. | 30,200 | 735,534 | |
Nichireki Co. Ltd. | 6,100 | 72,383 | |
Nifco, Inc. | 21,800 | 695,410 | |
Nihon Chouzai Co. Ltd. | 3,200 | 46,112 | |
Nihon Kohden Corp. | 21,600 | 687,296 | |
Nihon Nohyaku Co. Ltd. | 10,000 | 47,010 | |
Nihon Parkerizing Co. Ltd. | 21,900 | 218,504 | |
Nihon Unisys Ltd. | 19,300 | 542,268 | |
Nikkiso Co. Ltd. | 12,700 | 112,459 | |
Nikkon Holdings Co. Ltd. | 15,800 | 308,690 | |
Nikon Corp. | 81,900 | 903,010 | |
Nippn Corp. | 13,000 | 186,273 | |
Nippo Corp. | 14,600 | 516,489 | |
Nippon Accommodations Fund, Inc. | 122 | 680,426 | |
Nippon Carbon Co. Ltd. | 2,800 | 108,096 | |
Nippon Ceramic Co. Ltd. | 5,100 | 132,494 | |
Nippon Densetsu Kogyo Co. Ltd. | 9,000 | 138,725 | |
Nippon Electric Glass Co. Ltd. | 21,600 | 551,512 | |
Nippon Gas Co. Ltd. | 28,700 | 355,983 | |
Nippon Kanzai Co. Ltd. | 5,100 | 123,843 | |
Nippon Kayaku Co. Ltd. | 36,300 | 382,314 | |
Nippon Koei Co. Ltd. | 3,000 | 91,115 | |
Nippon Light Metal Holding Co. Ltd. | 14,900 | 247,299 | |
Nippon Paper Industries Co. Ltd. | 26,400 | 270,608 | |
Nippon Parking Development Co. Ltd. | 51,500 | 65,085 | |
Nippon REIT Investment Corp. | 120 | 461,305 | |
Nippon Seiki Co. Ltd. | 12,100 | 121,734 | |
Nippon Sheet Glass Co. Ltd. (a) | 24,200 | 135,243 | |
Nippon Shokubai Co. Ltd. | 7,200 | 376,162 | |
Nippon Signal Co. Ltd. | 10,900 | 94,257 | |
Nippon Soda Co. Ltd. | 5,400 | 162,247 | |
Nippon Steel & Sumikin Bussan Corp. | 3,900 | 176,357 | |
Nippon Suisan Kaisha Co. Ltd. | 76,400 | 434,204 | |
Nippon Television Network Corp. | 14,600 | 157,295 | |
Nipro Corp. | 37,100 | 376,998 | |
Nishi-Nippon Financial Holdings, Inc. | 32,300 | 188,340 | |
Nishi-Nippon Railroad Co. Ltd. | 16,100 | 396,596 | |
Nishimatsu Construction Co. Ltd. | 12,000 | 346,142 | |
Nishimatsuya Chain Co. Ltd. | 10,300 | 131,421 | |
Nishio Rent All Co. Ltd. | 4,900 | 121,167 | |
Nissan Shatai Co. Ltd. | 16,700 | 118,447 | |
Nissei ASB Machine Co. Ltd. | 2,100 | 68,551 | |
Nissha Co. Ltd. | 10,200 | 167,097 | |
Nisshin Oillio Group Ltd. | 6,300 | 167,001 | |
Nisshinbo Holdings, Inc. | 38,200 | 294,847 | |
Nissin Electric Co. Ltd. | 12,700 | 157,392 | |
Nitta Corp. | 5,200 | 119,211 | |
Nittetsu Mining Co. Ltd. | 1,300 | 74,880 | |
Nitto Boseki Co. Ltd. | 6,400 | 205,136 | |
Nitto Kogyo Corp. | 7,000 | 104,156 | |
Nitto Kohki Co. Ltd. | 3,300 | 54,830 | |
Nittoku Co. Ltd. | 3,600 | 125,156 | |
Noevir Holdings Co. Ltd. | 4,100 | 200,552 | |
NOF Corp. | 18,400 | 923,433 | |
Nohmi Bosai Ltd. | 5,700 | 104,550 | |
Nojima Co. Ltd. | 8,300 | 182,028 | |
NOK Corp. | 23,100 | 268,139 | |
NOMURA Co. Ltd. | 20,700 | 204,090 | |
Noritake Co. Ltd. | 2,300 | 100,566 | |
Noritsu Koki Co. Ltd. | 4,800 | 99,828 | |
Noritz Corp. | 6,800 | 109,102 | |
North Pacific Bank Ltd. | 68,900 | 142,593 | |
NS Solutions Corp. | 8,500 | 285,713 | |
Ns United Kaiun Kaisha Ltd. | 2,500 | 78,732 | |
NSD Co. Ltd. | 18,400 | 350,603 | |
NTN Corp. (a) | 107,500 | 233,117 | |
Ntt Ud (REIT) Investment Corp. | 338 | 448,674 | |
Obara Group, Inc. | 2,800 | 89,794 | |
OBIC Business Consultants Ltd. | 8,100 | 399,858 | |
Ogaki Kyoritsu Bank Ltd. | 9,600 | 159,533 | |
Ohsho Food Service Corp. | 3,400 | 178,543 | |
Oiles Corp. | 5,500 | 81,719 | |
Oisix Ra Daichi, Inc. (a) | 6,800 | 284,809 | |
Okamoto Industries, Inc. | 2,800 | 98,257 | |
Okamura Corp. | 15,000 | 197,953 | |
Okasan Securities Group, Inc. | 39,000 | 133,393 | |
Oki Electric Industry Co. Ltd. | 22,600 | 185,639 | |
Okinawa Cellular Telephone Co. | 3,300 | 148,686 | |
Okinawa Financial Group, Inc. | 5,600 | 123,107 | |
Okuma Corp. | 6,300 | 300,186 | |
Okumura Corp. | 8,600 | 222,091 | |
Okuwa Co. Ltd. | 6,700 | 64,369 | |
One (REIT), Inc. | 57 | 152,869 | |
Onward Holdings Co. Ltd. | 24,900 | 73,644 | |
Open Door, Inc. (a) | 3,000 | 66,315 | |
Open House Co. Ltd. | 20,400 | 1,300,970 | |
Optex Group Co. Ltd. | 8,600 | 109,537 | |
Optim Corp. (a) | 4,500 | 70,756 | |
Optorun Co. Ltd. | 7,000 | 141,896 | |
Organo Corp. | 1,700 | 107,998 | |
Orient Corp. | 141,300 | 193,911 | |
Oro Co. Ltd. | 1,800 | 59,580 | |
Osaka Organic Chemical Industry Ltd. | 3,900 | 116,867 | |
Osaka Soda Co. Ltd. | 3,200 | 81,322 | |
Osaka Steel Co. Ltd. | 3,600 | 36,767 | |
OSG Corp. | 22,600 | 375,995 | |
Outsourcing, Inc. | 30,600 | 587,010 | |
Pacific Industrial Co. Ltd. | 10,800 | 110,004 | |
Pal Group Holdings Co. Ltd. | 5,500 | 79,549 | |
PALTAC Corp. | 7,800 | 345,382 | |
Paramount Bed Holdings Co. Ltd. | 9,800 | 182,859 | |
Park24 Co. Ltd. (a) | 29,300 | 448,811 | |
Pasona Group, Inc. | 5,600 | 156,384 | |
Penta-Ocean Construction Co. Ltd. | 73,700 | 507,862 | |
Pharma Foods International Co. Ltd. | 5,800 | 131,456 | |
Pilot Corp. | 7,300 | 267,719 | |
Piolax, Inc. | 7,000 | 100,698 | |
PKSHA Technology, Inc. (a) | 4,000 | 62,720 | |
Plaid, Inc. | 4,000 | 102,040 | |
Plenus Co. Ltd. | 5,900 | 100,440 | |
PR TIMES, Inc. (a) | 1,300 | 41,820 | |
Premier Anti-Aging Co. Ltd. | 800 | 84,411 | |
Pressance Corp. | 5,500 | 91,157 | |
Prestige International, Inc. | 25,500 | 174,862 | |
Prima Meat Packers Ltd. | 6,700 | 157,473 | |
Proto Corp. | 6,200 | 76,576 | |
Qol Holdings Co. Ltd. | 6,200 | 92,101 | |
Raito Kogyo Co. Ltd. | 11,800 | 209,830 | |
Raiznext Corp. | 7,300 | 78,901 | |
Raksul, Inc. (a) | 6,100 | 335,604 | |
Rakus Co. Ltd. | 19,600 | 621,211 | |
Relia, Inc. | 9,800 | 100,424 | |
Relo Group, Inc. | 31,000 | 644,796 | |
Rengo Co. Ltd. | 47,900 | 363,232 | |
RENOVA, Inc. (a) | 9,500 | 417,914 | |
Resorttrust, Inc. | 22,200 | 393,410 | |
Restar Holdings Corp. | 4,500 | 75,214 | |
Retail Partners Co. Ltd. | 5,600 | 58,540 | |
Ricoh Leasing Co. Ltd. | 3,700 | 117,308 | |
Riken Kieki Co. Ltd. | 3,500 | 97,118 | |
Riken Vitamin Co. Ltd. | 5,500 | 90,313 | |
Ringer Hut Co. Ltd. (a) | 5,700 | 110,562 | |
Riso Kagaku Corp. | 5,200 | 109,747 | |
Riso Kyoiku Co. Ltd. | 30,000 | 125,324 | |
Rock Field Co. Ltd. | 4,900 | 72,334 | |
Rohto Pharmaceutical Co. Ltd. | 25,600 | 782,175 | |
Roland Corp. | 3,300 | 135,682 | |
Rorze Corp. | 2,800 | 268,373 | |
Round One Corp. | 15,800 | 190,117 | |
Royal Holdings Co. Ltd. (a) | 7,300 | 132,511 | |
RPA Holdings, Inc. (a) | 5,700 | 21,888 | |
RS Technologies Co. Ltd. | 1,900 | 103,324 | |
Ryobi Ltd. | 6,100 | 63,949 | |
Ryosan Co. Ltd. | 5,000 | 103,074 | |
Ryoyo Electro Corp. | 3,600 | 74,966 | |
S Foods, Inc. | 4,700 | 136,099 | |
S-Pool, Inc. | 16,800 | 187,863 | |
S.T. Corp. | 3,400 | 48,216 | |
Saibu Gas Co. Ltd. | 5,500 | 112,306 | |
Saizeriya Co. Ltd. | 7,900 | 213,249 | |
Sakai Moving Service Co. Ltd. | 2,800 | 115,301 | |
Sakata INX Corp. | 10,700 | 103,364 | |
Sakata Seed Corp. | 7,800 | 235,327 | |
SAMTY Co. Ltd. | 8,300 | 184,571 | |
Samty Residential Investment Corp. | 94 | 99,196 | |
San-A Co. Ltd. | 4,600 | 165,754 | |
San-Ai Oil Co. Ltd. | 15,000 | 195,493 | |
SanBio Co. Ltd. (a) | 7,600 | 80,220 | |
Sangetsu Corp. | 12,100 | 166,502 | |
Sanken Electric Co. Ltd. (a) | 6,000 | 315,446 | |
Sanki Engineering Co. Ltd. | 10,400 | 130,992 | |
Sankyo Co. Ltd. (Gunma) | 12,100 | 293,690 | |
Sankyu, Inc. | 15,000 | 677,201 | |
Sanrio Co. Ltd. | 13,200 | 295,755 | |
Sansan, Inc. (a) | 4,200 | 487,992 | |
Sanshin Electronic Co. Ltd. | 2,300 | 33,020 | |
Sanwa Holdings Corp. | 50,100 | 584,349 | |
Sanyo Chemical Industries Ltd. | 3,100 | 153,496 | |
Sanyo Denki Co. Ltd. | 2,400 | 137,881 | |
Sanyo Special Steel Co. Ltd. (a) | 5,000 | 82,455 | |
Sapporo Holdings Ltd. | 17,200 | 373,191 | |
Sato Holding Corp. | 7,000 | 161,348 | |
Sawai Group Holdings Co. Ltd. | 10,600 | 467,611 | |
SB Technology Corp. | 2,500 | 68,828 | |
SBS Holdings, Inc. | 4,700 | 167,218 | |
Screen Holdings Co. Ltd. | 10,300 | 957,378 | |
Sega Sammy Holdings, Inc. | 47,000 | 668,360 | |
Seibu Holdings, Inc. (a) | 61,100 | 667,428 | |
Seikagaku Corp. | 10,300 | 90,899 | |
Seiko Holdings Corp. | 6,600 | 139,189 | |
Seino Holdings Co. Ltd. | 33,400 | 404,671 | |
Seiren Co. Ltd. | 11,300 | 228,060 | |
Sekisui House (REIT), Inc. | 1,096 | 828,576 | |
Sekisui Jushi Corp. | 6,500 | 121,093 | |
SENKO Co. Ltd. | 29,300 | 260,613 | |
Senshu Ikeda Holdings, Inc. | 55,500 | 77,974 | |
Septeni Holdings Co. Ltd. | 18,700 | 78,923 | |
Seria Co. Ltd. | 12,300 | 406,068 | |
Seven Bank Ltd. | 161,500 | 341,403 | |
Shibaura Machine Co. Ltd. | 5,200 | 121,217 | |
Shibuya Corp. | 3,700 | 97,750 | |
SHIFT, Inc. (a) | 3,100 | 714,920 | |
Shiga Bank Ltd. | 10,400 | 168,287 | |
Shikoku Chemicals Corp. | 9,200 | 113,060 | |
Shikoku Electric Power Co., Inc. | 42,800 | 278,747 | |
Shima Seiki Manufacturing Ltd. | 6,700 | 128,831 | |
Shimamura Co. Ltd. | 6,000 | 508,035 | |
Shin Nippon Air Technologies Co. Ltd. | 2,600 | 55,947 | |
Shin-Etsu Polymer Co. Ltd. | 11,200 | 101,167 | |
Shinko Electric Industries Co. Ltd. | 18,100 | 729,198 | |
Shinmaywa Industries Ltd. | 14,300 | 116,875 | |
Shinnihon Corp. | 6,900 | 50,506 | |
Shinnihonseiyaku Co. Ltd. | 2,400 | 35,571 | |
Shinsei Bank Ltd. | 35,200 | 581,317 | |
Ship Healthcare Holdings, Inc. | 20,400 | 535,834 | |
Shizuoka Gas Co. Ltd. | 12,400 | 130,800 | |
SHO-BOND Holdings Co. Ltd. | 10,600 | 444,028 | |
Shochiku Co. Ltd. (a) | 2,400 | 261,150 | |
Shoei Co. Ltd. | 6,200 | 275,877 | |
Shoei Foods Corp. | 2,700 | 93,081 | |
Showa Denko K.K. | 46,773 | 1,173,068 | |
Showa Sangyo Co. Ltd. | 4,500 | 111,947 | |
Siix Corp. | 7,500 | 83,085 | |
Sinfonia Technology Co. Ltd. | 5,300 | 61,072 | |
Sinko Industries Ltd. | 4,800 | 87,127 | |
SKY Perfect JSAT Holdings, Inc. | 35,000 | 131,260 | |
Skylark Co. Ltd. (a) | 60,700 | 822,460 | |
SMS Co., Ltd. | 18,700 | 725,529 | |
Snow Peak, Inc. | 3,600 | 189,990 | |
Sodick Co. Ltd. | 12,900 | 99,444 | |
Software Service, Inc. | 600 | 37,853 | |
Sojitz Corp. | 64,360 | 1,061,879 | |
Solasto Corp. | 14,200 | 171,863 | |
Sosei Group Corp. (a) | 19,900 | 318,253 | |
SOSiLA Logistics REIT, Inc. | 156 | 234,578 | |
Sotetsu Holdings, Inc. | 19,900 | 384,923 | |
Sourcenext Corp. | 22,400 | 40,196 | |
Sparx Group Co. Ltd. | 23,800 | 61,739 | |
SRE Holdings Corp. (a) | 1,600 | 111,153 | |
Star Asia Investment Corp. | 383 | 203,184 | |
Star Micronics Co. Ltd. | 9,000 | 118,122 | |
Starts Corp., Inc. | 7,800 | 187,440 | |
Starts Proceed Investment Corp. | 58 | 121,851 | |
Starzen Co. Ltd. | 3,600 | 67,846 | |
Strike Co. Ltd. | 2,100 | 79,250 | |
Sugi Holdings Co. Ltd. | 9,400 | 673,052 | |
Sumitomo Bakelite Co. Ltd. | 9,400 | 422,461 | |
Sumitomo Densetsu Co. Ltd. | 4,200 | 80,621 | |
Sumitomo Forestry Co. Ltd. | 34,600 | 660,893 | |
Sumitomo Heavy Industries Ltd. | 29,900 | 769,791 | |
Sumitomo Mitsui Construction Co. Ltd. | 38,700 | 164,229 | |
Sumitomo Osaka Cement Co. Ltd. | 9,400 | 263,396 | |
Sumitomo Riko Co. Ltd. | 9,800 | 63,841 | |
Sumitomo Rubber Industries Ltd. | 46,200 | 569,372 | |
Sumitomo Seika Chemicals Co. Ltd. | 2,200 | 62,659 | |
Sun Corp. | 3,500 | 90,523 | |
Sun Frontier Fudousan Co. Ltd. | 7,300 | 68,504 | |
Sundrug Co. Ltd. | 19,400 | 567,762 | |
Suzuken Co. Ltd. | 18,200 | 506,651 | |
SystemPro Co. Ltd. | 18,400 | 340,028 | |
T Hasegawa Co. Ltd. | 8,800 | 214,901 | |
T-Gaia Corp. | 5,100 | 90,872 | |
Tachi-S Co. Ltd. | 7,500 | 90,836 | |
Tadano Ltd. | 26,000 | 283,922 | |
Taihei Dengyo Kaisha Ltd. | 3,000 | 70,865 | |
Taiheiyo Cement Corp. | 29,800 | 633,139 | |
Taikisha Ltd. | 6,600 | 188,500 | |
Taiko Pharmaceutical Co. Ltd. | 7,000 | 49,725 | |
Taiyo Holdings Co. Ltd. | 9,400 | 251,303 | |
Taiyo Yuden Co. Ltd. | 31,600 | 1,601,692 | |
Takamatsu Construction Group C | 4,000 | 70,186 | |
Takara Bio, Inc. | 12,900 | 336,650 | |
Takara Holdings, Inc. | 37,900 | 518,406 | |
Takara Leben Co. Ltd. | 23,600 | 64,313 | |
Takara Leben Real Estate Investment Corp. | 147 | 143,312 | |
Takara Standard Co. Ltd. | 8,000 | 106,356 | |
Takasago International Corp. | 3,100 | 80,792 | |
Takasago Thermal Engineering Co. Ltd. | 12,100 | 221,354 | |
Takashimaya Co. Ltd. | 38,700 | 358,335 | |
Takeuchi Manufacturing Co. Ltd. | 9,400 | 241,339 | |
Taki Chemical Co. Ltd. | 1,400 | 77,495 | |
Takuma Co. Ltd. | 16,600 | 217,151 | |
Tama Home Co. Ltd. | 3,900 | 80,379 | |
Tamron Co. Ltd. | 4,200 | 98,730 | |
Tamura Corp. | 19,300 | 132,621 | |
Tatsuta Electric Wire & Cable Co. Ltd. | 10,600 | 47,678 | |
Tbs Holdings, Inc. | 9,100 | 143,940 | |
Techmatrix Corp. | 9,500 | 150,635 | |
TechnoPro Holdings, Inc. | 29,300 | 936,406 | |
Teijin Ltd. | 48,200 | 646,976 | |
Teikoku Sen-I Co. Ltd. | 4,700 | 84,714 | |
Tenma Corp. | 4,000 | 95,263 | |
The Aomori Bank Ltd. | 5,000 | 86,231 | |
The Awa Bank Ltd. | 9,300 | 173,235 | |
The Chugoku Bank Ltd. | 40,700 | 295,245 | |
The Hachijuni Bank Ltd. | 99,100 | 331,211 | |
The Hyakugo Bank Ltd. | 57,300 | 166,101 | |
The Keiyo Bank Ltd. | 28,200 | 109,839 | |
The Kiyo Bank Ltd. | 16,600 | 217,993 | |
The Monogatari Corp. | 2,600 | 161,965 | |
The Musashino Bank Ltd. | 7,500 | 117,808 | |
The Nanto Bank Ltd. | 7,300 | 125,848 | |
The Nippon Road Co. Ltd. | 1,700 | 122,974 | |
The Okinawa Electric Power Co., Inc. | 11,900 | 145,994 | |
The Pack Corp. | 3,500 | 92,985 | |
The San-In Godo Bank Ltd. | 39,300 | 192,332 | |
The Sumitomo Warehouse Co. Ltd. | 14,700 | 236,328 | |
The Suruga Bank Ltd. | 43,300 | 158,842 | |
The Toho Bank Ltd. | 46,700 | 83,596 | |
TKC Corp. | 7,900 | 242,184 | |
TKP Corp. (a) | 3,500 | 56,658 | |
TOA Corp. | 3,500 | 76,810 | |
Toagosei Co. Ltd. | 25,900 | 289,461 | |
Toc Co. Ltd. | 10,200 | 57,183 | |
Tocalo Co. Ltd. | 15,100 | 185,169 | |
Toda Corp. | 61,300 | 386,169 | |
Toei Animation Co. Ltd. | 2,200 | 341,624 | |
Toei Co. Ltd. | 1,600 | 313,859 | |
Toenec Corp. | 2,200 | 64,745 | |
Toho Holdings Co. Ltd. | 14,700 | 237,993 | |
Toho Titanium Co. Ltd. | 8,400 | 88,450 | |
Tokai Carbon Co. Ltd. | 51,700 | 676,274 | |
Tokai Corp. | 5,300 | 101,951 | |
TOKAI Holdings Corp. | 25,900 | 196,667 | |
Tokai Rika Co. Ltd. | 13,600 | 190,369 | |
Tokai Tokyo Financial Holdings | 51,500 | 178,535 | |
Token Corp. | 1,800 | 146,773 | |
Tokushu Tokai Paper Co. Ltd. | 2,200 | 85,789 | |
Tokuyama Corp. | 16,900 | 289,402 | |
Tokyo Ohka Kogyo Co. Ltd. | 8,500 | 540,383 | |
Tokyo Seimitsu Co. Ltd. | 10,200 | 415,304 | |
Tokyo Steel Manufacturing Co. Ltd. | 23,000 | 255,938 | |
Tokyo Tatemono Co. Ltd. | 50,700 | 745,209 | |
Tokyotokeiba Co. Ltd. | 4,300 | 170,373 | |
Tokyu Construction Co. Ltd. | 21,200 | 149,903 | |
Tokyu Fudosan Holdings Corp. | 164,900 | 955,499 | |
Tokyu REIT, Inc. | 224 | 375,827 | |
TOMONY Holdings, Inc. | 37,300 | 99,653 | |
Tomy Co. Ltd. | 21,900 | 207,858 | |
Tonami Holdings Co. Ltd. | 1,400 | 55,320 | |
Topcon Corp. | 27,900 | 497,429 | |
Toppan Forms Co. Ltd. | 12,200 | 117,289 | |
Topre Corp. | 8,700 | 100,633 | |
TORIDOLL Holdings Corp. | 11,900 | 286,488 | |
Torii Pharmaceutical Co. Ltd. | 3,500 | 90,867 | |
Tosei Corp. | 8,000 | 76,902 | |
Toshiba Tec Corp. | 6,900 | 271,663 | |
Tosho Co. Ltd. | 4,100 | 70,285 | |
Totetsu Kogyo Co. Ltd. | 6,500 | 141,424 | |
Towa Pharmaceutical Co. Ltd. | 6,700 | 172,249 | |
Toyo Construction Co. Ltd. | 19,800 | 99,112 | |
Toyo Gosei Co. Ltd. | 1,400 | 194,784 | |
Toyo Ink South Carolina Holdings Co. Ltd. | 9,900 | 174,350 | |
Toyo Seikan Group Holdings Ltd. | 38,000 | 451,213 | |
Toyo Tanso Co. Ltd. | 3,300 | 89,712 | |
Toyo Tire Corp. | 29,300 | 487,213 | |
Toyobo Co. Ltd. | 21,600 | 259,359 | |
Toyoda Gosei Co. Ltd. | 17,700 | 362,183 | |
Toyota Boshoku Corp. | 17,800 | 342,242 | |
TPR Co. Ltd. | 6,400 | 81,553 | |
Trancom Co. Ltd. | 1,900 | 133,313 | |
Trans Cosmos, Inc. | 6,500 | 195,989 | |
Tri Chemical Laboratories, Inc. | 6,900 | 206,386 | |
Trusco Nakayama Corp. | 12,600 | 304,667 | |
TS tech Co. Ltd. | 24,100 | 322,459 | |
Tsubaki Nakashima Co. Ltd. | 11,600 | 162,434 | |
Tsubakimoto Chain Co. | 6,700 | 197,967 | |
Tsugami Corp. | 11,500 | 158,104 | |
Tsukishima Kikai Co. Ltd. | 6,000 | 61,344 | |
Tsumura & Co. | 15,600 | 486,181 | |
Tsurumi Manufacturing Co. Ltd. | 4,500 | 69,344 | |
TV Asahi Corp. | 5,800 | 88,016 | |
Uacj Corp. (a) | 8,400 | 194,689 | |
Ube Industries Ltd. | 27,000 | 503,047 | |
Uchida Yoko Co. Ltd. | 2,000 | 84,609 | |
Ulvac, Inc. | 12,000 | 673,260 | |
Union Tool Co. | 2,300 | 77,688 | |
Unipres Corp. | 9,700 | 79,139 | |
United Arrows Ltd. (a) | 5,600 | 112,174 | |
United Super Markets Holdings, Inc. | 14,100 | 128,703 | |
Universal Entertainment Corp. (a) | 6,400 | 152,032 | |
USEN-NEXT HOLDINGS Co. Ltd. | 3,900 | 114,808 | |
Ushio, Inc. | 25,700 | 459,783 | |
UT Group Co. Ltd. | 7,100 | 227,119 | |
Uzabase, Inc. (a) | 5,400 | 96,763 | |
V Technology Co. Ltd. | 2,300 | 86,735 | |
V-cube, Inc. | 5,300 | 80,144 | |
Valor Holdings Co. Ltd. | 9,600 | 203,319 | |
ValueCommerce Co. Ltd. | 4,100 | 161,816 | |
Vector, Inc. | 7,600 | 86,235 | |
Vision, Inc. (a) | 7,700 | 103,317 | |
VT Holdings Co. Ltd. | 18,900 | 84,568 | |
Wacoal Holdings Corp. | 10,300 | 206,271 | |
Wacom Co. Ltd. | 41,100 | 265,878 | |
Wakita & Co. Ltd. | 9,100 | 82,337 | |
WDB Holdings Co. Ltd. | 2,400 | 75,649 | |
WealthNavi, Inc. | 6,200 | 170,014 | |
Weathernews, Inc. | 1,400 | 102,170 | |
West Holdings Corp. | 6,200 | 346,529 | |
World Co. Ltd. (a) | 6,400 | 78,553 | |
World Holdings Co. Ltd. | 2,100 | 52,455 | |
WOWOW INC. | 1,600 | 32,580 | |
Xebio Holdings Co. Ltd. | 6,800 | 63,194 | |
YA-MAN Ltd. | 7,900 | 83,922 | |
YAKUODO Holdings Co. Ltd. | 2,600 | 54,939 | |
YAMABIKO Corp. | 9,100 | 99,169 | |
Yamaguchi Financial Group, Inc. | 54,800 | 305,922 | |
Yamashin-Filter Corp. | 10,400 | 62,978 | |
Yamato Kogyo Co. Ltd. | 11,000 | 368,833 | |
Yamazaki Baking Co. Ltd. | 32,400 | 492,182 | |
Yamazen Co. Ltd. | 15,500 | 143,611 | |
Yaoko Co. Ltd. | 4,800 | 285,712 | |
Yellow Hat Ltd. | 8,700 | 141,748 | |
Yodogawa Steel Works Ltd. | 4,900 | 107,066 | |
Yokogawa Bridge Holdings Corp. | 8,400 | 169,312 | |
Yokohama Reito Co. Ltd. | 12,100 | 92,526 | |
Yokohama Rubber Co. Ltd. | 32,200 | 544,861 | |
Yokowo Co. Ltd. | 4,600 | 102,232 | |
Yondoshi Holdings, Inc. | 3,900 | 59,162 | |
YONEX Co. Ltd. | 15,400 | 101,393 | |
Yoshinoya Holdings Co. Ltd. | 17,300 | 337,322 | |
Yuasa Trading Co. Ltd. | 4,500 | 120,265 | |
Yukiguni Maitake Co. Ltd. | 5,500 | 68,987 | |
Yurtec Corp. | 9,600 | 56,234 | |
Zenkoku Hosho Co. Ltd. | 14,000 | 676,545 | |
Zenrin Co. Ltd. | 8,500 | 78,373 | |
Zensho Holdings Co. Ltd. | 25,100 | 579,725 | |
Zeon Corp. | 35,400 | 419,985 | |
ZERIA Pharmaceutical Co. Ltd. | 6,300 | 112,785 | |
ZIGExN Co. Ltd. | 15,800 | 56,235 | |
Zojirushi Thermos | 8,800 | 122,057 | |
Zuken, Inc. | 3,700 | 142,664 | |
TOTAL JAPAN | 236,972,103 | ||
Liechtenstein - 0.0% | |||
Implantica AG SDR (a) | 5,730 | 50,775 | |
Liechtensteinische Landesbank AG | 3,377 | 199,168 | |
TOTAL LIECHTENSTEIN | 249,943 | ||
Luxembourg - 0.8% | |||
ADLER Group SA (b)(c) | 20,657 | 280,106 | |
Aperam SA | 12,970 | 773,355 | |
B&M European Value Retail SA | 242,780 | 2,103,849 | |
B&S Group SARL (c) | 7,708 | 69,591 | |
eDreams ODIGEO SA (a) | 15,882 | 139,166 | |
Grand City Properties SA | 27,413 | 702,238 | |
Millicom International Cellular SA (depository receipt) (a) | 27,382 | 957,796 | |
NeoGames SA | 1,676 | 62,263 | |
SES SA (France) (depositary receipt) | 103,565 | 929,994 | |
Solutions 30 SE (a) | 22,588 | 204,063 | |
Stabilus SA | 6,700 | 503,438 | |
Subsea 7 SA | 60,322 | 540,962 | |
TOTAL LUXEMBOURG | 7,266,821 | ||
Malta - 0.1% | |||
Kambi Group PLC (a) | 6,595 | 178,928 | |
Kindred Group PLC (depositary receipt) | 62,148 | 868,393 | |
Media and Games Invest PLC (a)(b) | 24,783 | 143,532 | |
TOTAL MALTA | 1,190,853 | ||
Marshall Islands - 0.0% | |||
Atlas Corp. (b) | 23,565 | 329,910 | |
Mauritius - 0.0% | |||
Golden Agri-Resources Ltd. | 1,726,400 | 339,263 | |
Netherlands - 3.0% | |||
Aalberts Industries NV | 26,825 | 1,483,814 | |
Accell Group NV (a) | 7,007 | 288,768 | |
AerCap Holdings NV (a) | 35,312 | 2,084,820 | |
Alfen Beheer BV (a)(c) | 5,624 | 632,581 | |
AMG Advanced Metallurgical Group NV | 8,996 | 265,600 | |
Arcadis NV | 19,572 | 954,785 | |
ASR Nederland NV | 38,025 | 1,778,496 | |
Basic-Fit NV (a)(c) | 13,408 | 650,985 | |
BE Semiconductor Industries NV | 18,045 | 1,647,107 | |
Boskalis Westminster | 21,147 | 630,705 | |
Brack Capital Properties NV (a) | 710 | 82,547 | |
Brunel International NV | 5,347 | 73,432 | |
CM.com NV (a) | 3,119 | 124,212 | |
Corbion NV | 16,014 | 760,851 | |
COSMO Pharmaceuticals NV (a) | 2,018 | 153,620 | |
Eurocommercial Properties NV | 11,321 | 264,228 | |
Euronext NV (c) | 21,650 | 2,437,669 | |
Fastned BV unit (a)(b) | 1,095 | 65,569 | |
Flow Traders BV (c) | 8,814 | 299,149 | |
ForFarmers NV | 9,151 | 43,637 | |
Fugro NV (Certificaten Van Aandelen) (a) | 28,398 | 240,630 | |
IMCD NV | 15,383 | 3,415,177 | |
Intertrust NV (a)(c) | 24,248 | 366,641 | |
Koninklijke BAM Groep NV (a) | 72,780 | 211,176 | |
Mediaset NV | 79,555 | 223,292 | |
Meltwater Holding BV (a) | 36,133 | 167,665 | |
NSI NV | 5,226 | 209,632 | |
OCI NV (a) | 25,780 | 730,141 | |
Pharming Group NV (a)(b) | 166,928 | 139,902 | |
PostNL NV | 130,495 | 566,148 | |
RHI Magnesita NV | 7,680 | 352,941 | |
SBM Offshore NV | 40,466 | 638,997 | |
Shop Apotheke Europe NV (a)(c) | 3,670 | 555,770 | |
Sif Holdings NV | 3,530 | 57,538 | |
Signify NV (c) | 34,611 | 1,674,432 | |
Sligro Food Group NV (a) | 6,632 | 177,482 | |
Technip Energies NV (a) | 29,150 | 449,018 | |
TKH Group NV (depositary receipt) | 11,061 | 629,864 | |
TomTom Group BV (a) | 17,532 | 150,888 | |
Van Lanschot NV (Bearer) | 8,452 | 234,492 | |
VastNed Retail NV | 3,048 | 86,854 | |
Wereldhave NV | 9,273 | 143,750 | |
TOTAL NETHERLANDS | 26,145,005 | ||
New Zealand - 1.0% | |||
Air New Zealand Ltd. (a) | 153,507 | 183,705 | |
Argosy Property Ltd. | 227,700 | 254,545 | |
Chorus Ltd. | 124,319 | 567,484 | |
Contact Energy Ltd. | 209,873 | 1,230,231 | |
Fletcher Building Ltd. | 211,322 | 1,085,777 | |
Genesis Energy Ltd. | 142,018 | 331,771 | |
Goodman Property Trust | 297,223 | 529,280 | |
Infratil Ltd. | 194,870 | 1,156,251 | |
Kiwi Property Group Ltd. | 424,642 | 356,029 | |
Oceania Healthcare Ltd. | 191,255 | 191,875 | |
Precinct Properties New Zealand Ltd. | 337,760 | 404,205 | |
Pushpay Holdings Ltd. (a) | 249,931 | 340,291 | |
Restaurant Brands NZ Ltd. (a) | 7,934 | 88,580 | |
SKYCITY Entertainment Group Ltd. | 206,473 | 473,467 | |
Summerset Group Holdings Ltd. | 59,524 | 618,923 | |
Synlait Milk Ltd. (a) | 28,305 | 73,020 | |
Z Energy Ltd. | 139,493 | 359,858 | |
TOTAL NEW ZEALAND | 8,245,292 | ||
Norway - 2.2% | |||
Aker ASA (A Shares) | 7,027 | 646,312 | |
Aker BioMarine ASA (a) | 5,934 | 29,958 | |
Aker Carbon Capture A/S (a) | 70,810 | 254,644 | |
Aker Horizons Holding ASA (a) | 30,419 | 125,307 | |
Aker Solutions ASA (a) | 66,008 | 186,978 | |
Atea ASA | 23,076 | 431,588 | |
Atlantic Sapphire A/S (a) | 16,836 | 84,400 | |
Austevoll Seafood ASA | 24,558 | 331,688 | |
Bonheur A/S | 5,068 | 200,071 | |
Borregaard ASA | 25,825 | 626,679 | |
BW Energy Ltd. (a) | 20,743 | 67,646 | |
Crayon Group Holding A/S (a)(c) | 14,699 | 342,946 | |
DNO ASA (A Shares) (a) | 117,121 | 170,526 | |
Elkem ASA (c) | 78,878 | 312,416 | |
Entra ASA (c) | 32,010 | 798,744 | |
Europris ASA (c) | 42,513 | 314,020 | |
Fjordkraft Holding ASA (c) | 25,802 | 153,476 | |
Grieg Seafood ASA (a) | 13,602 | 151,108 | |
Hexagon Composites ASA | 29,370 | 118,274 | |
Hexagon Purus Holding A/S | 15,046 | 54,544 | |
Kahoot! A/S (a) | 70,580 | 420,243 | |
Kongsberg Gruppen ASA | 24,368 | 799,008 | |
Leroy Seafood Group ASA | 80,705 | 733,691 | |
LINK Mobility Group Holding ASA | 43,483 | 138,974 | |
NEL ASA (a)(b) | 395,502 | 834,740 | |
Nordic VLSI ASA (a) | 46,819 | 1,385,522 | |
Norway Royal Salmon ASA | 3,498 | 73,456 | |
Ocean Yield ASA | 16,395 | 79,569 | |
Pexip Holding ASA (a) | 19,811 | 93,381 | |
Protector Forsikring ASA | 16,856 | 195,339 | |
Quantafuel ASA (a) | 33,366 | 108,615 | |
REC Silicon ASA (a) | 82,803 | 149,867 | |
Salmar ASA | 15,332 | 1,166,974 | |
Sbanken ASA (c) | 25,720 | 301,410 | |
Scatec Solar AS (c) | 32,239 | 633,873 | |
Selvaag Bolig ASA | 11,582 | 71,154 | |
Sparebank 1 Oestlandet | 11,228 | 185,009 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) | 49,145 | 752,774 | |
Sparebanken Midt-Norge | 35,944 | 598,223 | |
Sparebanken Nord-Norge | 26,897 | 326,028 | |
Storebrand ASA (A Shares) | 127,515 | 1,366,636 | |
TGS ASA | 32,078 | 295,115 | |
Tomra Systems ASA | 31,975 | 2,063,563 | |
Vaccibody A/S (a) | 34,921 | 268,690 | |
Veidekke ASA | 29,240 | 420,884 | |
Volue A/S | 13,594 | 95,101 | |
Wallenius Wilhelmsen ASA (a) | 27,359 | 124,684 | |
XXL ASA (c) | 37,397 | 61,886 | |
TOTAL NORWAY | 19,145,734 | ||
Portugal - 0.2% | |||
Altri SGPS SA | 19,255 | 124,649 | |
Banco Comercial Portugues SA (Reg.) (a) | 2,221,567 | 400,885 | |
Corticeira Amorim SGPS SA | 10,432 | 145,436 | |
CTT Correios de Portugal SA | 30,379 | 167,162 | |
NOS SGPS | 54,306 | 211,812 | |
REN - Redes Energeticas Nacionais SGPS SA | 109,170 | 332,538 | |
Semapa | 4,622 | 64,864 | |
Sonae SGPS SA | 245,951 | 270,530 | |
The Navigator Co. SA | 59,541 | 232,643 | |
TOTAL PORTUGAL | 1,950,519 | ||
Singapore - 1.9% | |||
AEM Holdings Ltd. | 72,000 | 223,715 | |
AIMS APAC (REIT) | 143,100 | 152,810 | |
Ara Logos Logistics Trust | 355,600 | 237,330 | |
Ascendas India Trust | 230,500 | 237,594 | |
Ascott Residence Trust | 509,100 | 388,857 | |
CapitaRetail China Trust | 287,600 | 260,194 | |
CDL Hospitality Trusts unit | 219,800 | 195,595 | |
China Aviation Oil Singapore Corp. Ltd. | 73,000 | 54,134 | |
ComfortDelgro Corp. Ltd. | 587,200 | 679,297 | |
Cosco Shipping International Singapore (a) | 305,300 | 62,260 | |
Cromwell European (REIT) | 85,290 | 261,277 | |
ESR (REIT) | 762,260 | 271,327 | |
Far East Hospitality Trust unit | 239,100 | 114,364 | |
First Resources Ltd. | 147,800 | 195,094 | |
Fortune (REIT) | 409,000 | 424,218 | |
Frasers Centrepoint Trust | 275,300 | 492,008 | |
Frasers Hospitality Trust unit | 162,200 | 57,735 | |
Frasers Logistics & Industrial Trust | 693,300 | 781,473 | |
Haw Par Corp. Ltd. | 32,900 | 307,408 | |
Hutchison Port Holdings Trust | 1,393,700 | 299,646 | |
iFast Corp. Ltd. | 37,100 | 237,979 | |
Japfa Ltd. | 111,800 | 56,791 | |
Kenon Holdings Ltd. | 6,636 | 265,075 | |
Keppel (REIT) | 495,600 | 415,297 | |
Keppel DC (REIT) | 353,700 | 626,877 | |
Keppel Infrastructure Trust | 940,800 | 369,762 | |
Keppel Pacific Oak U.S. (REIT) | 201,100 | 159,875 | |
Manulife U.S. REIT | 392,500 | 278,675 | |
Mapletree Greater China Commercial Trust | 608,200 | 460,040 | |
Mapletree Industrial (REIT) | 475,835 | 970,372 | |
Nanofilm Technologies International Ltd. | 70,500 | 197,620 | |
NetLink NBN Trust | 842,900 | 637,566 | |
Olam International Ltd. | 199,900 | 252,006 | |
OUE Commercial (REIT) | 586,100 | 195,584 | |
Oue Ltd. | 77,600 | 79,413 | |
Oxley Holdings Ltd. | 232,800 | 34,527 | |
Parkway Life REIT | 107,600 | 371,832 | |
Raffles Medical Group Ltd. | 250,600 | 254,595 | |
Riverstone Holdings Ltd. | 137,800 | 87,881 | |
Sasseur (REIT) | 143,700 | 90,578 | |
SATS Ltd. (a) | 182,200 | 566,124 | |
Sembcorp Industries Ltd. | 268,700 | 400,509 | |
Sembcorp Marine Ltd. (a) | 5,115,600 | 299,690 | |
Sheng Siong Group Ltd. | 182,000 | 191,650 | |
SIA Engineering Co. Ltd. (a) | 76,100 | 122,460 | |
Singapore Post Ltd. | 407,100 | 197,739 | |
Singapore Press Holdings Ltd. | 438,900 | 647,691 | |
SPH REIT | 267,900 | 193,699 | |
Starhill Global (REIT) | 399,831 | 191,243 | |
StarHub Ltd. | 162,400 | 149,333 | |
Suntec (REIT) | 535,300 | 591,470 | |
Yangzijiang Shipbuilding Holdings Ltd. | 646,700 | 680,989 | |
Yanlord Land Group Ltd. | 162,300 | 134,799 | |
TOTAL SINGAPORE | 16,106,077 | ||
Slovenia - 0.0% | |||
Prime U.S. (REIT) | 129,513 | 112,029 | |
Spain - 1.9% | |||
Acciona SA | 6,651 | 1,274,763 | |
Acerinox SA | 43,844 | 609,978 | |
Almirall SA | 19,719 | 292,918 | |
Applus Services SA | 38,921 | 352,293 | |
Atresmedia Corporacion de Medios de Comunicacion SA (a) | 24,043 | 98,167 | |
Audax Renovables SA (b) | 29,600 | 47,665 | |
Banco de Sabadell SA (a) | 1,520,314 | 1,223,911 | |
Bankinter SA | 182,201 | 1,002,993 | |
Cie Automotive SA | 13,275 | 360,936 | |
Compania de Distribucion Integral Logista Holdings SA | 17,989 | 383,465 | |
Construcciones y Auxiliar de Ferrocarriles | 5,088 | 223,212 | |
Corporacion Financiera Alba SA | 4,738 | 269,749 | |
Distribuidora Internacional de Alimentacion SA (a) | 3,949,564 | 72,138 | |
Ebro Foods SA | 18,550 | 367,976 | |
Ence Energia y Celulosa SA (a) | 39,234 | 100,868 | |
Faes Farma SA | 79,509 | 324,267 | |
Fluidra SA | 23,730 | 906,624 | |
Gestamp Automocion SA (a)(c) | 46,603 | 208,058 | |
Global Dominion Access SA (c) | 24,364 | 130,544 | |
Grenergy Renovables SA (a) | 2,968 | 121,115 | |
Grupo Catalana Occidente SA | 11,336 | 402,961 | |
Grupo Empresarial San Jose SA | 6,412 | 31,873 | |
Indra Sistemas SA (a) | 36,175 | 437,001 | |
Inmobiliaria Colonial SA | 75,357 | 732,618 | |
Laboratorios Farmaceuticos ROVI SA | 5,359 | 375,417 | |
Lar Espana Real Estate Socimi SA | 15,509 | 94,303 | |
Linea Directa Aseguradora SA Compania de Seguros y Reaseguros | 176,607 | 355,234 | |
MAPFRE SA (Reg.) | 291,944 | 617,770 | |
Mediaset Espana Comunicacion SA (a) | 44,149 | 229,663 | |
Melia Hotels International SA (a) | 33,288 | 244,816 | |
Merlin Properties Socimi SA | 94,915 | 1,027,873 | |
Metrovacesa SA (c) | 10,100 | 88,268 | |
Miquel y Costas & Miquel SA | 3,603 | 49,898 | |
Miquel y Costas & Miquel SA rights (a) | 3,603 | 18,145 | |
Neinor Homes SLU (c) | 11,672 | 150,310 | |
Pharma Mar SA | 4,017 | 311,775 | |
Promotora de Informaciones SA (a) | 59,183 | 41,255 | |
Prosegur Cash SA (c) | 123,774 | 84,705 | |
Prosegur Compania de Seguridad SA (Reg.) | 59,201 | 167,669 | |
Sacyr SA | 112,406 | 319,656 | |
Solaria Energia y Medio Ambiente SA (a) | 20,482 | 408,905 | |
Solarpack Corp. Tecnologica SL (a) | 3,960 | 121,082 | |
Soltec Power Holdings SA | 9,516 | 84,704 | |
Talgo SA (a)(c) | 18,383 | 101,154 | |
Tecnicas Reunidas SA (a) | 8,975 | 81,133 | |
Unicaja Banco SA (c) | 356,725 | 381,446 | |
Viscofan Envolturas Celulosicas SA | 10,623 | 726,373 | |
Zardoya Otis SA | 50,171 | 402,504 | |
TOTAL SPAIN | 16,460,151 | ||
Sweden - 7.5% | |||
AAK AB | 48,619 | 1,062,621 | |
AcadeMedia AB (c) | 23,083 | 165,301 | |
AddTech AB (B Shares) | 70,082 | 1,566,808 | |
AFRY AB (B Shares) | 24,952 | 743,214 | |
Alimak Group AB (c) | 9,793 | 132,960 | |
Ambea AB (c) | 18,847 | 131,016 | |
Arjo AB | 58,520 | 797,257 | |
Atrium Ljungberg AB (B Shares) | 12,045 | 276,581 | |
Attendo AB (a)(c) | 27,781 | 119,366 | |
Avanza Bank Holding AB | 33,470 | 1,328,589 | |
Axfood AB | 28,200 | 691,209 | |
Bactiguard Holding AB (a) | 4,747 | 92,198 | |
Beijer Alma AB (B Shares) | 12,273 | 307,968 | |
Beijer Ref AB (B Shares) | 66,980 | 1,375,789 | |
Betsson AB (B Shares) | 29,785 | 207,399 | |
BHG Group AB (a) | 26,444 | 304,377 | |
BICO Group AB (a) | 8,191 | 411,076 | |
Bilia AB (A Shares) | 19,548 | 347,120 | |
Billerud AB | 50,508 | 1,055,681 | |
BioArctic AB (a)(c) | 8,838 | 121,435 | |
BioGaia AB | 4,461 | 274,267 | |
Biotage AB (A Shares) | 17,684 | 571,621 | |
Bonava AB | 21,199 | 209,201 | |
BONESUPPORT Holding AB (a)(c) | 12,779 | 55,577 | |
Boozt AB (a)(c) | 12,907 | 217,471 | |
Bravida Holding AB (c) | 54,766 | 823,276 | |
Bufab AB | 7,241 | 308,594 | |
Bure Equity AB | 15,008 | 695,876 | |
Calliditas Therapeutics AB (a) | 7,380 | 58,349 | |
Camurus AB (a) | 8,268 | 155,386 | |
Castellum AB | 63,461 | 1,687,761 | |
Catena AB | 7,661 | 466,547 | |
Cellavision AB | 3,830 | 174,196 | |
Cibus Nordic Real Estate AB | 9,608 | 254,185 | |
Cint Group AB | 29,519 | 445,466 | |
Clas Ohlson AB (B Shares) | 10,185 | 109,582 | |
Cloetta AB | 56,746 | 180,123 | |
Collector AB (a) | 16,225 | 79,840 | |
Coor Service Management Holding AB (c) | 24,735 | 239,919 | |
Corem Property Group AB | 168,391 | 558,820 | |
Creades AB (A Shares) | 13,656 | 189,861 | |
Desenio Group AB (a) | 15,408 | 33,730 | |
Dios Fastigheter AB | 23,639 | 275,119 | |
Dometic Group AB (c) | 79,876 | 1,161,215 | |
Duni AB | 8,793 | 122,660 | |
Dustin Group AB (c) | 17,247 | 211,069 | |
Electrolux Professional AB (a) | 60,399 | 465,581 | |
Elekta AB (B Shares) | 99,419 | 1,154,409 | |
Enad Global 7 AB (a) | 13,465 | 44,842 | |
Fabege AB | 71,183 | 1,203,513 | |
Fagerhult AB | 21,823 | 175,082 | |
Fingerprint Cards AB (a) | 77,854 | 186,476 | |
Fortnox AB | 13,231 | 936,708 | |
Garo AB | 7,355 | 184,988 | |
Getinge AB (B Shares) | 61,649 | 2,758,699 | |
Granges AB | 28,837 | 313,789 | |
Hansa Medical AB (a) | 9,606 | 108,878 | |
Hexatronic Group AB | 7,550 | 330,115 | |
HEXPOL AB (B Shares) | 71,026 | 829,519 | |
HMS Networks AB | 6,904 | 393,917 | |
Holmen AB (B Shares) | 25,298 | 1,121,737 | |
Hufvudstaden AB (A Shares) | 29,891 | 477,532 | |
Indutrade AB | 73,775 | 2,146,760 | |
Instalco AB | 11,257 | 596,406 | |
Intrum AB | 18,080 | 512,000 | |
Investment AB Oresund | 7,458 | 129,742 | |
INVISIO AB | 10,721 | 193,747 | |
Inwido AB | 14,228 | 260,935 | |
JM AB (B Shares) | 15,075 | 609,986 | |
K-Fast Holding AB (a) | 16,084 | 147,487 | |
Karo Bio AB (a) | 15,249 | 100,500 | |
Know IT AB | 5,292 | 212,592 | |
Kungsleden AB | 43,960 | 604,015 | |
LeoVegas AB (c) | 20,018 | 75,569 | |
Lifco AB | 62,764 | 1,827,815 | |
Lime Technologies AB | 2,692 | 108,645 | |
Lindab International AB | 21,214 | 695,112 | |
Loomis AB (B Shares) | 20,390 | 550,587 | |
Mekonomen AB (a) | 10,905 | 224,754 | |
MIPS AB | 7,073 | 854,064 | |
Modern Times Group MTG AB (B Shares) (a) | 27,511 | 314,897 | |
Munters Group AB (c) | 35,487 | 261,979 | |
Mycronic AB | 20,014 | 464,228 | |
NCC AB (B Shares) | 21,941 | 379,905 | |
New Wave Group AB (B Shares) (a) | 10,796 | 183,034 | |
Nobia AB | 34,265 | 210,865 | |
Nobina AB (c) | 24,080 | 230,482 | |
Nolato AB (B Shares) | 55,041 | 726,787 | |
Nordic Entertainment Group AB (B Shares) (a) | 19,852 | 1,148,402 | |
Nordnet AB | 30,423 | 583,273 | |
Nyfosa AB | 47,009 | 793,154 | |
Oncopeptides AB (a)(c) | 16,768 | 7,583 | |
Pandox AB (a) | 25,087 | 442,265 | |
Paradox Interactive AB | 10,068 | 147,714 | |
Peab AB | 49,485 | 620,579 | |
Platzer Fastigheter Holding AB | 15,945 | 259,932 | |
PowerCell Sweden AB (a) | 12,503 | 279,236 | |
Ratos AB (B Shares) | 58,622 | 337,070 | |
Re:NewCell AB | 5,321 | 134,450 | |
Resurs Holding AB (c) | 35,754 | 192,342 | |
Saab AB (B Shares) | 19,933 | 554,262 | |
Sagax AB | 38,018 | 1,487,430 | |
Sagax AB (D Shares) | 46,315 | 176,620 | |
Samhallsbyggnadsbolaget I Norden AB: | |||
(B Shares) | 226,950 | 1,522,161 | |
(D Shares) | 34,496 | 125,484 | |
SAS AB (a) | 973,889 | 169,478 | |
Scandi Standard | 12,577 | 62,607 | |
Scandic Hotels Group AB (a)(b)(c) | 42,383 | 204,315 | |
Sdiptech AB (a) | 6,727 | 350,528 | |
Sedana Medical AB (a) | 17,320 | 171,929 | |
SkiStar AB | 11,136 | 232,108 | |
SSAB Svenskt Stal AB: | |||
(A Shares) (a) | 73,357 | 417,694 | |
(B Shares) (a) | 152,724 | 761,486 | |
Stillfront Group AB (a) | 82,537 | 368,283 | |
Storytel AB (a) | 10,939 | 215,647 | |
Svolder AB (B Shares) | 5,609 | 227,417 | |
Sweco AB (B Shares) | 53,766 | 855,824 | |
Swedencare AB | 17,780 | 292,952 | |
Swedish Orphan Biovitrum AB (a) | 53,339 | 1,447,134 | |
Thule Group AB (c) | 28,233 | 1,626,652 | |
Tobii AB (a) | 24,544 | 177,478 | |
Trelleborg AB (B Shares) | 65,375 | 1,493,166 | |
Troax Group AB | 10,440 | 427,909 | |
Vitrolife AB | 16,100 | 1,047,962 | |
Wallenstam AB (B Shares) | 43,583 | 763,261 | |
Wihlborgs Fastigheter AB | 37,195 | 880,068 | |
Xvivo Perfusion AB (a) | 6,162 | 244,672 | |
TOTAL SWEDEN | 65,356,881 | ||
Switzerland - 5.3% | |||
Allreal Holding AG | 3,844 | 812,799 | |
ALSO Holding AG | 1,749 | 517,670 | |
ams AG (a) | 74,059 | 1,463,223 | |
APG SGA SA (a) | 370 | 83,650 | |
Arbonia AG | 14,028 | 304,583 | |
Aryzta AG (a) | 264,859 | 346,261 | |
Ascom Holding AG (Reg.) (a) | 8,798 | 136,640 | |
Autoneum Holding AG (a) | 755 | 118,082 | |
Bachem Holding AG (B Shares) | 1,672 | 1,344,028 | |
Basilea Pharmaceutica AG (a) | 3,291 | 153,839 | |
Belimo Holding AG (Reg.) | 2,652 | 1,540,917 | |
Bell AG | 605 | 194,266 | |
BKW AG | 5,731 | 758,625 | |
Bobst Group SA (a) | 2,243 | 182,752 | |
Bossard Holding AG | 1,530 | 561,468 | |
Bucher Industries AG | 1,801 | 907,975 | |
Burckhardt Compression Holding AG | 779 | 327,561 | |
Burkhalter Holding AG | 1,172 | 84,738 | |
Bystronic AG | 372 | 511,114 | |
Cembra Money Bank AG | 8,097 | 539,888 | |
COLTENE Holding AG | 795 | 100,374 | |
Comet Holding AG | 1,896 | 704,063 | |
Daetwyler Holdings AG | 2,039 | 791,683 | |
DKSH Holding AG | 9,653 | 772,788 | |
Dorma Kaba Holding AG | 798 | 591,353 | |
Dufry AG (a) | 19,612 | 1,038,383 | |
EFG International | 24,401 | 171,361 | |
Emmi AG | 574 | 598,387 | |
Flughafen Zuerich AG (a) | 5,384 | 970,249 | |
Forbo Holding AG (Reg.) | 291 | 565,092 | |
Galenica AG (c) | 13,441 | 983,559 | |
GAM Holding Ltd. (a) | 42,125 | 67,862 | |
Georg Fischer AG (Reg.) | 1,105 | 1,671,500 | |
Gurit-Heberlein AG (Bearer) | 85 | 147,422 | |
Helvetia Holding AG (Reg.) | 10,033 | 1,194,405 | |
Huber+Suhner AG | 4,050 | 360,059 | |
Idorsia Ltd. (a) | 29,319 | 603,287 | |
Implenia AG (a) | 3,496 | 71,325 | |
INFICON Holding AG | 465 | 595,216 | |
Interroll Holding AG | 173 | 839,870 | |
Intershop Holding AG | 304 | 190,249 | |
Kardex AG | 1,682 | 518,047 | |
Komax Holding AG (Reg.) (a) | 982 | 250,112 | |
Landis+Gyr Group AG | 5,877 | 404,381 | |
LEM Holding SA | 124 | 300,655 | |
Leonteq AG | 2,515 | 166,458 | |
Medacta Group SA (a)(c) | 1,919 | 321,929 | |
Medartis Holding AG (a)(c) | 1,091 | 143,703 | |
medmix AG (c) | 6,686 | 319,659 | |
Metall Zug AG | 51 | 115,301 | |
Meyer Burger Technology AG (a) | 605,290 | 289,027 | |
Mobilezone Holding AG | 10,779 | 144,803 | |
Mobimo Holding AG | 1,761 | 593,347 | |
Molecular Partners AG (a) | 5,480 | 102,945 | |
OC Oerlikon Corp. AG (Reg.) | 50,871 | 516,433 | |
Orior AG | 1,653 | 169,705 | |
Peach Property Group AG | 2,032 | 137,597 | |
PSP Swiss Property AG | 12,379 | 1,546,699 | |
Relief Therapeutics Holding AG (a) | 598,107 | 51,606 | |
Rieter Holding AG (Reg.) (a) | 813 | 168,709 | |
Schweiter Technologies AG | 273 | 391,789 | |
Sensirion Holding AG (a)(c) | 2,488 | 358,146 | |
SFS Group AG | 4,561 | 613,713 | |
Siegfried Holding AG | 1,069 | 1,026,852 | |
Sig Combibloc Group AG | 86,490 | 2,259,547 | |
Softwareone Holding AG | 25,739 | 595,966 | |
St.Galler Kantonalbank AG | 827 | 381,164 | |
Stadler Rail AG | 13,495 | 592,507 | |
Sulzer AG (Reg.) | 5,087 | 500,311 | |
Swiss Steel Holding AG (a) | 244,536 | 93,744 | |
Swissquote Group Holding SA | 2,497 | 505,618 | |
Tecan Group AG | 3,245 | 1,984,709 | |
TX Group AG (a) | 709 | 117,083 | |
u-blox Holding AG (a) | 1,790 | 130,985 | |
V-ZUG Holding AG (a) | 594 | 83,430 | |
Valiant Holding AG | 4,349 | 430,340 | |
Valora Holding AG (a) | 1,018 | 193,682 | |
VAT Group AG (c) | 7,280 | 3,476,191 | |
Vetropack Holding AG | 3,600 | 221,363 | |
Vontobel Holdings AG | 7,684 | 710,829 | |
VZ Holding AG | 3,814 | 387,815 | |
Ypsomed Holding AG | 840 | 139,450 | |
Zehnder Group AG | 2,654 | 285,517 | |
Zur Rose Group AG (a) | 2,416 | 857,580 | |
TOTAL SWITZERLAND | 46,518,013 | ||
United Kingdom - 15.0% | |||
A.G. Barr PLC | 23,816 | 161,826 | |
AB Dynamics PLC | 4,187 | 104,861 | |
Abcam PLC (a) | 58,183 | 1,317,020 | |
Advanced Medical Solutions Group PLC | 52,747 | 234,607 | |
Airtel Africa PLC (c) | 257,330 | 385,977 | |
AJ Bell PLC | 82,582 | 463,372 | |
Alliance Pharma PLC | 123,232 | 173,371 | |
Alpha FX Group PLC | 7,710 | 221,582 | |
AO World PLC (a) | 84,142 | 168,468 | |
Argo Blockchain PLC (a) | 98,232 | 164,011 | |
Ascential PLC (a) | 109,059 | 602,981 | |
Ashmore Group PLC | 125,064 | 577,481 | |
ASOS PLC (a) | 18,931 | 643,037 | |
Assura PLC | 719,280 | 717,606 | |
Aston Martin Lagonda Global Holdings PLC (a)(c) | 18,642 | 435,754 | |
Auction Technology Group PLC | 22,679 | 438,868 | |
Avacta Group PLC (a) | 71,048 | 113,762 | |
Avast PLC (c) | 180,370 | 1,381,347 | |
Avon Rubber PLC | 8,283 | 220,479 | |
Babcock International Group PLC (a) | 69,157 | 302,201 | |
Bakkavor Group PLC (c) | 38,235 | 66,141 | |
Balfour Beatty PLC | 178,406 | 620,160 | |
Bank of Georgia Group PLC | 10,616 | 220,543 | |
Beazley PLC (a) | 164,318 | 877,022 | |
Bellway PLC | 33,272 | 1,508,555 | |
Biffa PLC (a)(c) | 82,482 | 449,265 | |
Big Yellow Group PLC | 44,953 | 909,887 | |
Blue Prism Group PLC (a) | 22,384 | 345,854 | |
Bodycote PLC | 51,751 | 566,237 | |
Brewin Dolphin Holding PLC | 82,174 | 423,409 | |
Britvic PLC | 71,933 | 874,182 | |
Bytes Technology Group PLC | 57,712 | 421,763 | |
Cairn Energy PLC | 133,804 | 334,922 | |
Capita Group PLC (a) | 450,886 | 292,116 | |
Capital & Counties Properties PLC | 195,824 | 442,192 | |
Carnival PLC (a) | 42,776 | 863,461 | |
Central Asia Metals PLC | 47,075 | 158,162 | |
Centrica PLC (a) | 1,582,631 | 1,306,477 | |
Ceres Power Holdings PLC (a) | 25,815 | 439,848 | |
Chemring Group PLC | 77,338 | 309,585 | |
Cineworld Group PLC (a)(b) | 257,601 | 215,754 | |
Civitas Social Housing PLC | 169,591 | 217,936 | |
Clinigen Group PLC | 33,635 | 282,171 | |
Clipper Logistics PLC | 20,524 | 201,111 | |
Close Brothers Group PLC | 41,045 | 808,879 | |
CLS Holdings PLC | 50,435 | 154,611 | |
CMC Markets PLC (c) | 35,262 | 121,851 | |
Coats Group PLC (a) | 394,625 | 347,801 | |
Computacenter PLC | 20,053 | 738,231 | |
ContourGlobal PLC (c) | 52,573 | 143,178 | |
ConvaTec Group PLC (c) | 434,737 | 1,272,023 | |
Countryside Properties PLC (a)(c) | 134,381 | 865,099 | |
Craneware PLC | 7,199 | 224,630 | |
Cranswick PLC | 14,208 | 672,775 | |
Crest Nicholson Holdings PLC | 69,640 | 339,289 | |
Currys PLC | 299,745 | 498,002 | |
Custodian (REIT) PLC | 104,728 | 139,312 | |
CVS Group PLC | 18,255 | 623,323 | |
Dechra Pharmaceuticals PLC | 29,233 | 2,048,349 | |
Derwent London PLC | 27,128 | 1,255,602 | |
Diploma PLC | 33,603 | 1,381,461 | |
Diversified Gas & Oil PLC | 215,804 | 340,821 | |
Domino's Pizza UK & IRL PLC | 111,903 | 592,671 | |
dotdigital Group PLC | 72,323 | 238,041 | |
Dr. Martens Ltd. (a) | 121,443 | 612,949 | |
Draper Esprit PLC (a) | 36,930 | 488,727 | |
Drax Group PLC | 107,653 | 781,578 | |
DS Smith PLC | 370,104 | 1,941,943 | |
Dunelm Group PLC | 32,984 | 577,344 | |
easyJet PLC (a) | 81,831 | 697,697 | |
Electrocomponents PLC | 126,733 | 1,951,205 | |
Elementis PLC (a) | 155,009 | 295,932 | |
EMIS Group PLC | 15,435 | 284,746 | |
Empiric Student Property PLC | 163,691 | 198,257 | |
Energean PLC (a) | 30,752 | 377,719 | |
Equiniti Group PLC (a)(c) | 97,886 | 238,988 | |
Ergomed PLC (a) | 10,060 | 197,565 | |
Essentra PLC | 81,993 | 325,974 | |
Eurasia Mining PLC (a) | 473,148 | 155,406 | |
Euromoney Institutional Invest | 29,706 | 426,055 | |
FD Technologies PLC (a) | 6,067 | 173,533 | |
Ferrexpo PLC | 79,676 | 340,207 | |
Fever-Tree Drinks PLC | 28,314 | 879,218 | |
Firstgroup PLC (a) | 330,300 | 455,648 | |
Forterra PLC (c) | 61,632 | 218,457 | |
Frasers Group PLC (a) | 56,179 | 494,747 | |
Frontier Developments PLC (a) | 5,889 | 198,664 | |
Funding Circle Holdings PLC (a)(c) | 47,148 | 101,303 | |
Future PLC | 30,920 | 1,492,893 | |
Games Workshop Group PLC | 8,861 | 1,169,622 | |
Gamma Communications PLC | 22,003 | 545,633 | |
GB Group PLC | 50,568 | 613,501 | |
GCP Student Living PLC | 124,220 | 357,853 | |
Genuit Group PLC | 67,203 | 610,685 | |
Genus PLC | 17,597 | 1,331,755 | |
Grainger Trust PLC | 181,146 | 765,538 | |
Great Portland Estates PLC | 62,022 | 621,323 | |
Greatland Gold PLC (a) | 1,041,280 | 247,245 | |
Greggs PLC | 27,386 | 1,144,987 | |
Halfords Group PLC | 53,291 | 194,289 | |
Hammerson PLC (b) | 850,526 | 374,338 | |
Harbour Energy PLC (a) | 61,586 | 296,172 | |
Hays PLC | 452,874 | 1,028,836 | |
Helical Bar PLC | 29,937 | 188,463 | |
Hill & Smith Holdings PLC | 21,375 | 536,496 | |
Hochschild Mining PLC | 90,890 | 177,377 | |
HomeServe PLC | 81,453 | 953,090 | |
Hotel Chocolat Group Ltd. (a) | 13,292 | 96,047 | |
Howden Joinery Group PLC | 160,802 | 2,024,163 | |
Hunting PLC | 37,308 | 86,492 | |
Ibstock PLC (c) | 111,985 | 305,901 | |
Ideagen PLC | 58,064 | 227,266 | |
IG Design Group PLC | 21,453 | 73,986 | |
IG Group Holdings PLC | 99,852 | 1,084,337 | |
IMI PLC | 72,697 | 1,625,658 | |
Inchcape PLC | 105,888 | 1,196,982 | |
Indivior PLC (a) | 198,350 | 660,171 | |
IntegraFin Holdings PLC | 76,585 | 598,991 | |
Intermediate Capital Group PLC | 78,392 | 2,350,579 | |
Investec PLC | 188,205 | 854,610 | |
iomart Group PLC | 24,690 | 49,400 | |
IP Group PLC | 273,587 | 451,547 | |
IQE PLC (a) | 201,750 | 129,631 | |
ITM Power PLC (a)(b) | 104,588 | 699,925 | |
ITV PLC (a) | 978,082 | 1,440,954 | |
J.D. Wetherspoon PLC (a) | 26,232 | 367,255 | |
Jet2 PLC (a) | 43,464 | 725,391 | |
John Wood Group PLC (a) | 187,208 | 546,994 | |
Johnson Service Group PLC (a) | 118,956 | 216,195 | |
Judges Scientific PLC | 1,332 | 134,895 | |
Jupiter Fund Management PLC | 119,437 | 407,658 | |
Just Group PLC (a) | 281,591 | 354,156 | |
Kainos Group PLC | 21,546 | 583,838 | |
Keller Group PLC | 19,267 | 241,793 | |
Keywords Studios PLC | 19,350 | 751,014 | |
Learning Technologies Group PLC | 150,405 | 403,028 | |
Liontrust Asset Management PLC | 16,450 | 490,776 | |
Londonmetric Properity PLC | 233,040 | 833,675 | |
Luceco PLC (c) | 21,704 | 112,871 | |
LXI REIT PLC | 186,148 | 373,977 | |
Marks & Spencer Group PLC (a) | 529,151 | 1,329,575 | |
Marshalls PLC | 54,417 | 527,637 | |
Marston's PLC (a) | 172,431 | 187,604 | |
Mediclinic International PLC (London) (a) | 108,889 | 497,727 | |
Meggitt PLC (a) | 210,879 | 2,164,488 | |
Micro Focus International PLC | 91,418 | 447,991 | |
Mitchells & Butlers PLC (a) | 71,671 | 248,352 | |
Mitie Group PLC (a) | 384,863 | 344,465 | |
Moneysupermarket.com Group PLC | 147,342 | 427,487 | |
Moonpig Group PLC (a) | 42,165 | 192,157 | |
Morgan Advanced Materials PLC | 77,112 | 365,139 | |
Morgan Sindall PLC | 10,723 | 333,855 | |
Naked Wines PLC (a) | 16,113 | 163,622 | |
National Express Group PLC Class L (a) | 147,954 | 462,875 | |
NCC Group Ltd. | 83,562 | 284,182 | |
Network International Holdings PLC (a)(c) | 126,798 | 560,847 | |
Ninety One PLC | 93,536 | 333,847 | |
Numis Corp. PLC | 18,372 | 84,732 | |
On The Beach Group PLC (a)(c) | 42,912 | 175,301 | |
OSB Group PLC | 120,714 | 834,276 | |
Oxford BioMedica PLC (a) | 15,476 | 322,355 | |
Pagegroup PLC | 88,833 | 807,241 | |
Paragon Banking Group PLC | 69,474 | 521,506 | |
Pennon Group PLC | 75,966 | 1,212,212 | |
Petropavlovsk PLC (a) | 639,618 | 208,683 | |
Pets At Home Group PLC | 135,017 | 891,367 | |
Polar Capital Holdings PLC | 19,919 | 226,259 | |
Premier Foods PLC | 160,373 | 240,987 | |
Primary Health Properties PLC | 357,100 | 750,657 | |
Provident Financial PLC (a) | 68,115 | 343,604 | |
PZ Cussons PLC Class L | 58,104 | 170,964 | |
QinetiQ Group PLC | 155,080 | 571,760 | |
Quilter PLC (c) | 469,898 | 1,000,631 | |
Rank Group PLC (a) | 70,971 | 159,289 | |
Rathbone Brothers PLC | 15,910 | 429,376 | |
Reach PLC | 80,739 | 349,718 | |
Redde Northgate PLC | 63,462 | 345,667 | |
Redrow PLC | 76,246 | 673,243 | |
Renalytix AI PLC (a) | 12,752 | 153,186 | |
Renishaw PLC | 9,842 | 676,831 | |
Restore PLC | 33,360 | 216,404 | |
Rightmove PLC | 233,400 | 2,208,467 | |
Rotork PLC | 235,558 | 1,141,845 | |
Royal Mail PLC | 216,110 | 1,243,660 | |
RWS Holdings PLC | 79,136 | 673,636 | |
S4 Capital PLC (a) | 74,473 | 739,939 | |
Sabre Insurance Group PLC (c) | 66,815 | 179,953 | |
Safestore Holdings PLC | 56,879 | 935,658 | |
Saga PLC (a) | 29,006 | 123,852 | |
Savills PLC | 38,455 | 746,259 | |
Secure Income (REIT) PLC | 74,215 | 415,409 | |
Senior Engineering Group PLC (a) | 112,655 | 246,987 | |
Serco Group PLC | 323,509 | 559,178 | |
Serica Energy PLC | 42,812 | 120,696 | |
Shaftesbury PLC | 51,998 | 444,406 | |
SIG PLC (a) | 189,031 | 134,394 | |
Silence Therapeutics PLC (a) | 10,844 | 74,945 | |
Smart Metering Systems PLC | 34,082 | 380,606 | |
Softcat PLC | 32,199 | 856,201 | |
Solgold PLC (a) | 255,117 | 97,061 | |
Spectris PLC | 31,054 | 1,599,661 | |
Spire Healthcare Group PLC (a)(c) | 75,119 | 241,590 | |
Spirent Communications PLC | 165,665 | 652,956 | |
SSP Group PLC (a) | 204,229 | 719,706 | |
Stagecoach Group PLC (a) | 110,183 | 120,105 | |
SThree PLC | 33,833 | 272,720 | |
Sumo Group PLC (a) | 30,507 | 202,698 | |
Synthomer PLC | 92,009 | 637,779 | |
Tate & Lyle PLC | 126,354 | 1,120,879 | |
TBC Bank Group PLC | 11,310 | 243,009 | |
Team17 Group PLC (a) | 28,051 | 272,563 | |
Telecom Plus PLC | 16,929 | 289,139 | |
The Go-Ahead Group PLC (a) | 11,887 | 127,703 | |
The Restaurant Group PLC (a) | 208,148 | 251,532 | |
The Weir Group PLC | 70,025 | 1,662,698 | |
TI Fluid Systems PLC (c) | 62,254 | 226,200 | |
TORM PLC (a) | 6,387 | 51,960 | |
Trainline PLC (a)(c) | 130,668 | 566,520 | |
Travis Perkins PLC | 60,681 | 1,281,384 | |
Tritax Big Box REIT PLC | 465,302 | 1,432,775 | |
Tullow Oil PLC (a) | 324,701 | 204,277 | |
Ultra Electronics Holdings PLC | 19,167 | 850,409 | |
Unite Group PLC | 91,203 | 1,358,621 | |
Vesuvius PLC | 58,570 | 378,336 | |
Victoria PLC (a) | 17,299 | 255,685 | |
Victrex PLC | 23,401 | 732,742 | |
Virgin Money UK PLC (a) | 350,046 | 973,920 | |
Vistry Group PLC | 60,028 | 1,002,246 | |
Volex PLC (a) | 32,599 | 200,760 | |
Warehouse (REIT) PLC | 107,225 | 240,658 | |
Watkin Jones PLC | 53,773 | 177,722 | |
WH Smith PLC (a) | 35,398 | 756,694 | |
Wickes Group PLC | 67,681 | 198,588 | |
Workspace Group PLC | 36,796 | 413,936 | |
Young & Co.'s Brewery PLC Class A (a) | 6,037 | 122,690 | |
TOTAL UNITED KINGDOM | 130,947,539 | ||
United States of America - 0.2% | |||
Coronado Global Resources, Inc. unit (a)(c) | 199,236 | 204,580 | |
Fiverr International Ltd. (a)(b) | 7,257 | 1,236,230 | |
Nano-X Imaging Ltd. (a)(b) | 8,863 | 200,747 | |
TOTAL UNITED STATES OF AMERICA | 1,641,557 | ||
TOTAL COMMON STOCKS | |||
(Cost $866,220,470) | 861,364,939 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
Germany - 0.2% | |||
Draegerwerk AG & Co. KGaA (non-vtg.) | 2,245 | 176,734 | |
Jungheinrich AG | 13,006 | 658,831 | |
Sixt AG Preference Shares | 3,991 | 394,924 | |
Sto SE & Co. KGaA | 689 | 154,996 | |
TOTAL GERMANY | 1,385,485 | ||
Italy - 0.0% | |||
Danieli & C. Officine Meccaniche SpA | 10,094 | 217,971 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $1,565,810) | 1,603,456 | ||
Money Market Funds - 1.6% | |||
Fidelity Cash Central Fund 0.06% (e) | 93,737 | 93,755 | |
Fidelity Securities Lending Cash Central Fund 0.06% (e)(f) | 14,260,049 | 14,261,475 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $14,355,230) | 14,355,230 | ||
TOTAL INVESTMENT IN SECURITIES - 100.4% | |||
(Cost $882,141,510) | 877,323,625 | ||
NET OTHER ASSETS (LIABILITIES) - (0.4)% | (3,904,852) | ||
NET ASSETS - 100% | $873,418,773 |
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) | 92 | Dec. 2021 | $10,762,160 | $40,452 | $40,452 |
The notional amount of futures purchased as a percentage of Net Assets is 1.2%
For the period, the average monthly notional amount at value for futures contracts in the aggregate was $9,745,295.
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 $42,813,395 or 4.9% of net assets.
(d) Level 3 security
(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
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% | $-- | $730,653,405 | $730,559,650 | $2,511 | $-- | $-- | $93,755 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | -- | 19,830,565 | 5,569,090 | 57,826 | -- | -- | 14,261,475 | 0.0% |
Total | $-- | $750,483,970 | $736,128,740 | $60,337 | $-- | $-- | $14,355,230 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $38,480,631 | $30,955,107 | $7,525,524 | $-- |
Consumer Discretionary | 111,161,703 | 72,365,084 | 38,796,619 | -- |
Consumer Staples | 47,311,368 | 27,272,358 | 20,039,010 | -- |
Energy | 13,944,147 | 12,212,889 | 1,731,258 | -- |
Financials | 93,603,326 | 78,423,772 | 15,179,554 | -- |
Health Care | 63,760,762 | 49,765,635 | 13,995,127 | -- |
Industrials | 205,486,363 | 145,548,184 | 59,931,562 | 6,617 |
Information Technology | 86,657,028 | 56,412,024 | 30,245,004 | -- |
Materials | 75,447,899 | 51,099,042 | 24,348,857 | -- |
Real Estate | 102,173,602 | 76,957,232 | 25,216,370 | -- |
Utilities | 24,941,566 | 20,653,851 | 4,287,715 | -- |
Money Market Funds | 14,355,230 | 14,355,230 | -- | -- |
Total Investments in Securities: | $877,323,625 | $636,020,408 | $241,296,600 | $6,617 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $40,452 | $40,452 | $-- | $-- |
Total Assets | $40,452 | $40,452 | $-- | $-- |
Total Derivative Instruments: | $40,452 | $40,452 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $40,452 | $0 |
Total Equity Risk | 40,452 | 0 |
Total Value of Derivatives | $40,452 | $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
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $12,848,540) — See accompanying schedule: Unaffiliated issuers (cost $867,786,280) | $862,968,395 | |
Fidelity Central Funds (cost $14,355,230) | 14,355,230 | |
Total Investment in Securities (cost $882,141,510) | $877,323,625 | |
Segregated cash with brokers for derivative instruments | 551,369 | |
Foreign currency held at value (cost $7,602,288) | 7,561,052 | |
Receivable for investments sold | 445,656 | |
Receivable for fund shares sold | 68,162 | |
Dividends receivable | 2,125,669 | |
Distributions receivable from Fidelity Central Funds | 42,971 | |
Prepaid expenses | 15,235 | |
Receivable from investment adviser for expense reductions | 32,576 | |
Other receivables | 2,781 | |
Total assets | 888,169,096 | |
Liabilities | ||
Payable for fund shares redeemed | 97,872 | |
Accrued management fee | 71,972 | |
Payable for daily variation margin on futures contracts | 62,950 | |
Other payables and accrued expenses | 256,054 | |
Collateral on securities loaned | 14,261,475 | |
Total liabilities | 14,750,323 | |
Net Assets | $873,418,773 | |
Net Assets consist of: | ||
Paid in capital | $871,911,521 | |
Total accumulated earnings (loss) | 1,507,252 | |
Net Assets | $873,418,773 | |
Net Asset Value, offering price and redemption price per share ($873,418,773 ÷ 86,283,760 shares) | $10.12 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
For the period May 27, 2021 (commencement of operations) through October 31, 2021 | ||
Investment Income | ||
Dividends | $7,502,608 | |
Income from Fidelity Central Funds (including $57,826 from security lending) | 60,337 | |
Income before foreign taxes withheld | 7,562,945 | |
Less foreign taxes withheld | (602,719) | |
Total income | 6,960,226 | |
Expenses | ||
Management fee | $331,224 | |
Custodian fees and expenses | 117,216 | |
Independent trustees' fees and expenses | 736 | |
Registration fees | 151,631 | |
Audit | 45,454 | |
Legal | 88 | |
Miscellaneous | 510 | |
Total expenses before reductions | 646,859 | |
Expense reductions | (308,450) | |
Total expenses after reductions | 338,409 | |
Net investment income (loss) | 6,621,817 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (184,724) | |
Foreign currency transactions | (146,354) | |
Futures contracts | 93,619 | |
Total net realized gain (loss) | (237,459) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | (4,817,885) | |
Assets and liabilities in foreign currencies | (53,441) | |
Futures contracts | 40,452 | |
Total change in net unrealized appreciation (depreciation) | (4,830,874) | |
Net gain (loss) | (5,068,333) | |
Net increase (decrease) in net assets resulting from operations | $1,553,484 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
For the period May 27, 2021 (commencement of operations) through October 31, 2021 | |
Increase (Decrease) in Net Assets | |
Operations | |
Net investment income (loss) | $6,621,817 |
Net realized gain (loss) | (237,459) |
Change in net unrealized appreciation (depreciation) | (4,830,874) |
Net increase (decrease) in net assets resulting from operations | 1,553,484 |
Share transactions | |
Proceeds from sales of shares | 883,521,251 |
Cost of shares redeemed | (11,655,962) |
Net increase (decrease) in net assets resulting from share transactions | 871,865,289 |
Total increase (decrease) in net assets | 873,418,773 |
Net Assets | |
Beginning of period | – |
End of period | $873,418,773 |
Other Information | |
Shares | |
Sold | 87,430,958 |
Redeemed | (1,147,198) |
Net increase (decrease) | 86,283,760 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity SAI International Small Cap Index Fund
Years ended October 31, | 2021 A |
Selected Per–Share Data | |
Net asset value, beginning of period | $10.00 |
Income from Investment Operations | |
Net investment income (loss)B | .09 |
Net realized and unrealized gain (loss) | .03C |
Total from investment operations | .12 |
Net asset value, end of period | $10.12 |
Total ReturnD,E | 1.20% |
Ratios to Average Net AssetsF,G | |
Expenses before reductions | .19%H,I |
Expenses net of fee waivers, if any | .10%H |
Expenses net of all reductions | .10%H |
Net investment income (loss) | 2.00%H |
Supplemental Data | |
Net assets, end of period (000 omitted) | $873,419 |
Portfolio turnover rateJ | 1%K |
A For the period May 27, 2021 (commencement of operations) through October 31, 2021.
B Calculated based on average shares outstanding during the period.
C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
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 adviser, 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 Audit fees are not annualized.
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended October 31, 2021
1. Organization.
Fidelity SAI International Small Cap 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 exclusively to certain clients of Fidelity Management & Research Company LLC (FMR) or its affiliates. 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%. |
(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 October 31, 2021 is included at the end of the Fund's Schedule of Investments.
Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of*business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. 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. 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 taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable.
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. As of October 31, 2021, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards and losses deferred due to wash sales.
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:
Gross unrealized appreciation | $54,413,215 |
Gross unrealized depreciation | (61,744,071) |
Net unrealized appreciation (depreciation) | $(7,330,856) |
Tax Cost | $884,654,481 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $8,943,309 |
Capital loss carryforward | $(51,760) |
Net unrealized appreciation (depreciation) on securities and other investments | $(7,384,297) |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
No expiration | |
Short-term | $(51,760) |
Total capital loss carryforward | $(51,760) |
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. 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 SAI International Small Cap Index Fund | 880,867,039 | 6,568,056 |
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 pays a monthly management fee that is based on an annual rate of .10% of the Fund's average net assets.
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. During the period there were no interfund trades.
7. 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 SAI International Small Cap Index Fund | $5,772 | $– | $– |
8. Expense Reductions.
The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .10% of average net assets. This reimbursement will remain in place through February 28, 2023. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $308,450.
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.
In addition, at the end of the period, the following mutual funds managed by the investment adviser or its affiliates were the owners of record of 10% or more of the total outstanding shares.
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | |
Fidelity SAI International Small Cap Index Fund | 56% | 19% |
Mutual funds managed by the investment adviser or its affiliates, in aggregate, were the owners of record of more than 20% of the total outstanding shares.
Fund | % of shares held |
Fidelity SAI International Small Cap Index Fund | 75% |
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.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity SAI International Small Cap Index Fund
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statement of assets and liabilities of Fidelity SAI International Small Cap Index Fund (the "Fund"), a fund of Fidelity Concord Street Trust, including the schedule of investments, as of October 31, 2021, the related statement of operations, the statement of changes in net assets and the financial highlights for the period from May 27, 2021 (commencement of operations) through October 31, 2021, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2021, and the results of its operations, the changes in its net assets and the financial highlights for the period from May 27, 2021 (commencement of operations) through October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audit provides a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
December 15, 2021
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 318 funds. Mr. Chiel oversees 179 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
The fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Bettina Doulton (1964)
Year of Election or Appointment: 2021
Trustee
Ms. Doulton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Thomas P. Bostick (1956)
Year of Election or Appointment: 2021
Trustee
Lieutenant General Bostick also serves as Trustee of other Fidelity® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present) and Managing Partner, Sustainability, of Ridge-Lane Limited Partners (strategic advisory and venture development, 2016-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York and a member of the Board of NYC Leadership Academy (2012-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2021
Trustee
Mr. Kennedy also serves as Trustee of other Fidelity® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Oscar Munoz (1959)
Year of Election or Appointment: 2021
Trustee
Mr. Munoz also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present) and a member of the Advisory Board of Salesforce.com, Inc. (cloud-based software, 2020-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Investment Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Brett Segaloff (1972)
Year of Election or Appointment: 2021
Anti-Money Laundering (AML) Officer
Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).
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 actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period May 27, 2021 to October 31, 2021). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period May 27, 2021 to October 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. In addition, if these transactional costs were included, your costs would have been higher.
Annualized Expense Ratio-A | Beginning Account Value | Ending Account Value October 31, 2021 | Expenses Paid During Period-B | |
Fidelity SAI International Small Cap Index Fund | .10% | |||
Actual | $1,000.00 | $1,012.00 | $.44 | |
Hypothetical-C | $1,000.00 | $1,024.70 | $.51 |
A Annualized expense ratio reflects expenses net of applicable fee waivers.
B Actual expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 158/365 (to reflect the period May 27, 2021 to October 31, 2021.
C 5% return per year before expenses
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity SAI International Small Cap Index Fund
At its February 2021 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract with Fidelity Management & Research Company LLC (FMR) and the fund's sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund. FMR and the sub-adviser are collectively referred to herein as the Investment Advisers. 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 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 philosophies. The Board considered the structure of the investment personnel compensation program and whether the structure provides appropriate incentives to act in the best interests of the fund.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. 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.Shareholder and Administrative Services. The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by the Investment Advisers, and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, and pricing and bookkeeping, and securities lending services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.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 Performance. The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund's Advisory Contracts.Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contracts should benefit the shareholders of the fund.Competitiveness of Management Fee and Total Expense Ratio. In reviewing the Advisory Contracts, the Board considered the fund's proposed management fee rate and the projected total expense ratio of the fund. The Board noted that the fund's proposed management fee rate is lower than the median fee rate of funds with similar Lipper investment objective categories and comparable investment mandates, regardless of whether their management fee structures are comparable. The Board also considered that the projected total expense ratio of the fund is below the median of those funds and classes used by the Board for management fee comparisons that have a similar sales load structure.The Board also noted that FMR has contractually agreed to reimburse the fund to the extent that total operating expenses (excluding interest, certain taxes, fees and expenses of the Independent Trustees, proxy and shareholder meeting expenses, extraordinary expenses, and acquired fund fees and expenses, if any, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable), as a percentage of its average net assets exceed a certain limit through February 28, 2023.Based on its review, the Board concluded that the fund's management fee and projected total expense ratio were reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.Costs of the Services and Profitability. The fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contracts. In connection with its future renewal of the fund's Advisory Contracts, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders.Economies of Scale. The Board will consider economies of scale when there is operating experience to permit assessment thereof. It noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee was at a level normally associated, by comparison with competitors, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.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 arrangement are fair and reasonable, and that the fund's Advisory Contracts should be approved.SCI-ANN-1221
1.9903806.100
Fidelity® SAI Japan Stock Index Fund
Offered exclusively to certain clients of the Adviser or its affiliates - not available for sale to the general public. Fidelity SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers LLC.
October 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 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 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)
Geographic Diversification (% of fund's net assets)
As of October 31, 2021 | ||
Japan | 99.2% | |
United States of America | 0.8% |
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.
Top Ten Stocks as of October 31, 2021
% of fund's net assets | |
Toyota Motor Corp. (Automobiles) | 4.7 |
Sony Group Corp. (Household Durables) | 3.6 |
Keyence Corp. (Electronic Equipment & Components) | 2.9 |
Recruit Holdings Co. Ltd. (Professional Services) | 2.3 |
Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment) | 1.7 |
Mitsubishi UFJ Financial Group, Inc. (Banks) | 1.7 |
SoftBank Group Corp. (Wireless Telecommunication Services) | 1.6 |
Shin-Etsu Chemical Co. Ltd. (Chemicals) | 1.6 |
Hitachi Ltd. (Industrial Conglomerates) | 1.4 |
Daikin Industries Ltd. (Building Products) | 1.4 |
22.9 |
Top Market Sectors as of October 31, 2021
% of fund's net assets | |
Industrials | 22.0 |
Consumer Discretionary | 19.3 |
Information Technology | 14.4 |
Health Care | 9.8 |
Financials | 9.0 |
Communication Services | 7.8 |
Consumer Staples | 6.9 |
Materials | 4.9 |
Real Estate | 3.5 |
Utilities | 0.9 |
Asset Allocation as of October 31, 2021
% of fund's net assets | |
Stocks and Equity Futures | 100.0 |
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 99.2% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 7.8% | |||
Diversified Telecommunication Services - 0.9% | |||
Nippon Telegraph & Telephone Corp. | 554,600 | $15,539,306 | |
Entertainment - 2.0% | |||
Capcom Co. Ltd. | 75,900 | 2,042,881 | |
Koei Tecmo Holdings Co. Ltd. | 25,300 | 1,177,670 | |
Konami Holdings Corp. | 40,200 | 2,212,229 | |
Nexon Co. Ltd. | 210,600 | 3,584,654 | |
Nintendo Co. Ltd. | 48,200 | 21,287,869 | |
Square Enix Holdings Co. Ltd. | 37,000 | 2,026,863 | |
Toho Co. Ltd. | 48,200 | 2,264,637 | |
34,596,803 | |||
Interactive Media & Services - 0.5% | |||
Kakaku.com, Inc. | 57,900 | 1,921,409 | |
Z Holdings Corp. | 1,154,400 | 7,166,540 | |
9,087,949 | |||
Media - 0.5% | |||
CyberAgent, Inc. | 174,300 | 2,920,492 | |
Dentsu Group, Inc. | 93,200 | 3,405,874 | |
Hakuhodo DY Holdings, Inc. | 100,700 | 1,641,772 | |
7,968,138 | |||
Wireless Telecommunication Services - 3.9% | |||
KDDI Corp. | 694,900 | 21,250,047 | |
SoftBank Corp. | 1,237,500 | 16,891,476 | |
SoftBank Group Corp. | 519,600 | 28,129,795 | |
66,271,318 | |||
TOTAL COMMUNICATION SERVICES | 133,463,514 | ||
CONSUMER DISCRETIONARY - 19.3% | |||
Auto Components - 2.4% | |||
Aisin Seiki Co. Ltd. | 63,500 | 2,323,641 | |
Bridgestone Corp. | 246,000 | 10,882,865 | |
DENSO Corp. | 186,700 | 13,534,849 | |
Koito Manufacturing Co. Ltd. | 45,000 | 2,553,219 | |
Stanley Electric Co. Ltd. | 56,000 | 1,411,492 | |
Sumitomo Electric Industries Ltd. | 325,000 | 4,313,681 | |
Toyota Industries Corp. | 63,200 | 5,372,797 | |
40,392,544 | |||
Automobiles - 7.4% | |||
Honda Motor Co. Ltd. | 702,400 | 20,775,491 | |
Isuzu Motors Ltd. | 251,200 | 3,379,345 | |
Mazda Motor Corp. (a) | 245,000 | 2,203,597 | |
Nissan Motor Co. Ltd. (a) | 1,000,200 | 5,090,879 | |
Subaru Corp. | 265,100 | 5,199,882 | |
Suzuki Motor Corp. | 158,700 | 7,077,528 | |
Toyota Motor Corp. | 4,569,000 | 80,616,187 | |
Yamaha Motor Co. Ltd. | 128,300 | 3,576,211 | |
127,919,120 | |||
Hotels, Restaurants & Leisure - 0.9% | |||
McDonald's Holdings Co. (Japan) Ltd. | 34,400 | 1,537,390 | |
Oriental Land Co. Ltd. | 86,200 | 13,614,407 | |
15,151,797 | |||
Household Durables - 5.1% | |||
Casio Computer Co. Ltd. | 83,700 | 1,184,448 | |
Iida Group Holdings Co. Ltd. | 63,400 | 1,563,096 | |
Panasonic Corp. | 951,400 | 11,765,045 | |
Rinnai Corp. | 15,600 | 1,601,691 | |
Sekisui Chemical Co. Ltd. | 162,500 | 2,669,668 | |
Sekisui House Ltd. | 265,500 | 5,519,953 | |
Sharp Corp. | 92,300 | 1,088,696 | |
Sony Group Corp. | 543,300 | 62,912,172 | |
88,304,769 | |||
Internet & Direct Marketing Retail - 0.5% | |||
Mercari, Inc. (a) | 44,200 | 2,391,637 | |
Rakuten Group, Inc. | 373,500 | 4,089,091 | |
ZOZO, Inc. | 53,700 | 1,723,692 | |
8,204,420 | |||
Leisure Products - 1.1% | |||
Bandai Namco Holdings, Inc. | 86,100 | 6,579,641 | |
SHIMANO, Inc. | 32,000 | 8,928,436 | |
Yamaha Corp. | 57,800 | 3,651,693 | |
19,159,770 | |||
Multiline Retail - 0.3% | |||
Pan Pacific International Holdings Ltd. | 177,600 | 3,729,049 | |
Ryohin Keikaku Co. Ltd. | 108,900 | 2,146,010 | |
5,875,059 | |||
Specialty Retail - 1.6% | |||
ABC-MART, Inc. | 14,200 | 682,508 | |
Fast Retailing Co. Ltd. | 25,100 | 16,661,825 | |
Hikari Tsushin, Inc. | 9,000 | 1,387,387 | |
Nitori Holdings Co. Ltd. | 34,500 | 6,338,013 | |
USS Co. Ltd. | 94,500 | 1,523,180 | |
Yamada Holdings Co. Ltd. | 291,500 | 1,113,909 | |
27,706,822 | |||
TOTAL CONSUMER DISCRETIONARY | 332,714,301 | ||
CONSUMER STAPLES - 6.9% | |||
Beverages - 1.1% | |||
Asahi Group Holdings | 196,600 | 8,921,764 | |
ITO EN Ltd. | 23,100 | 1,538,593 | |
Kirin Holdings Co. Ltd. | 354,400 | 6,168,632 | |
Suntory Beverage & Food Ltd. | 59,900 | 2,324,265 | |
18,953,254 | |||
Food & Staples Retailing - 1.6% | |||
AEON Co. Ltd. | 281,800 | 6,482,711 | |
Cosmos Pharmaceutical Corp. | 8,600 | 1,314,228 | |
Kobe Bussan Co. Ltd. | 58,900 | 2,028,909 | |
Lawson, Inc. | 21,600 | 1,044,568 | |
Seven & i Holdings Co. Ltd. | 324,600 | 13,628,259 | |
Tsuruha Holdings, Inc. | 17,000 | 2,096,869 | |
Welcia Holdings Co. Ltd. | 40,600 | 1,515,655 | |
28,111,199 | |||
Food Products - 1.4% | |||
Ajinomoto Co., Inc. | 201,100 | 6,021,072 | |
Kikkoman Corp. | 62,700 | 5,128,238 | |
Meiji Holdings Co. Ltd. | 52,600 | 3,319,522 | |
NH Foods Ltd. | 35,500 | 1,248,453 | |
Nisshin Seifun Group, Inc. | 85,200 | 1,345,360 | |
Nissin Food Holdings Co. Ltd. | 27,300 | 2,086,808 | |
Toyo Suisan Kaisha Ltd. | 38,200 | 1,646,004 | |
Yakult Honsha Co. Ltd. | 55,300 | 2,794,210 | |
23,589,667 | |||
Household Products - 0.6% | |||
Lion Corp. | 96,700 | 1,610,479 | |
Pigeon Corp. | 49,800 | 1,153,178 | |
Unicharm Corp. | 173,900 | 7,033,005 | |
9,796,662 | |||
Personal Products - 1.6% | |||
Kao Corp. | 207,700 | 11,749,188 | |
Kobayashi Pharmaceutical Co. Ltd. | 23,000 | 1,841,519 | |
Kose Corp. | 14,400 | 1,672,213 | |
Pola Orbis Holdings, Inc. | 39,500 | 843,395 | |
Shiseido Co. Ltd. | 172,300 | 11,497,059 | |
27,603,374 | |||
Tobacco - 0.6% | |||
Japan Tobacco, Inc. | 517,000 | 10,149,317 | |
TOTAL CONSUMER STAPLES | 118,203,473 | ||
ENERGY - 0.7% | |||
Oil, Gas & Consumable Fuels - 0.7% | |||
ENEOS Holdings, Inc. | 1,322,200 | 5,331,442 | |
Idemitsu Kosan Co. Ltd. | 89,800 | 2,452,645 | |
INPEX Corp. | 441,000 | 3,677,641 | |
11,461,728 | |||
FINANCIALS - 9.0% | |||
Banks - 4.4% | |||
Chiba Bank Ltd. | 228,400 | 1,415,672 | |
Concordia Financial Group Ltd. | 469,000 | 1,864,121 | |
Japan Post Bank Co. Ltd. | 174,500 | 1,361,453 | |
Mitsubishi UFJ Financial Group, Inc. | 5,266,500 | 28,878,844 | |
Mizuho Financial Group, Inc. | 1,039,300 | 13,716,658 | |
Resona Holdings, Inc. | 920,000 | 3,456,072 | |
Shizuoka Bank Ltd. | 192,300 | 1,548,473 | |
Sumitomo Mitsui Financial Group, Inc. | 562,400 | 18,249,687 | |
Sumitomo Mitsui Trust Holdings, Inc. | 145,500 | 4,786,056 | |
75,277,036 | |||
Capital Markets - 1.0% | |||
Daiwa Securities Group, Inc. | 622,300 | 3,496,175 | |
Japan Exchange Group, Inc. | 219,500 | 5,197,337 | |
Nomura Holdings, Inc. | 1,323,500 | 6,303,192 | |
SBI Holdings, Inc. Japan | 105,400 | 2,731,912 | |
17,728,616 | |||
Consumer Finance - 0.0% | |||
ACOM Co. Ltd. | 171,900 | 573,308 | |
Diversified Financial Services - 0.8% | |||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 284,400 | 1,426,039 | |
ORIX Corp. | 526,300 | 10,460,900 | |
Tokyo Century Corp. | 15,900 | 910,368 | |
12,797,307 | |||
Insurance - 2.8% | |||
Dai-ichi Mutual Life Insurance Co. | 439,000 | 9,235,929 | |
Japan Post Holdings Co. Ltd. | 1,055,200 | 8,108,057 | |
Japan Post Insurance Co. Ltd. | 97,000 | 1,573,795 | |
MS&AD Insurance Group Holdings, Inc. | 191,800 | 6,196,551 | |
Sompo Holdings, Inc. | 136,700 | 5,928,247 | |
T&D Holdings, Inc. | 231,800 | 2,972,987 | |
Tokio Marine Holdings, Inc. | 270,500 | 14,247,246 | |
48,262,812 | |||
TOTAL FINANCIALS | 154,639,079 | ||
HEALTH CARE - 9.8% | |||
Biotechnology - 0.0% | |||
PeptiDream, Inc. (a) | 41,300 | 998,312 | |
Health Care Equipment & Supplies - 3.4% | |||
ASAHI INTECC Co. Ltd. | 90,200 | 2,377,615 | |
Hoya Corp. | 159,300 | 23,450,323 | |
Olympus Corp. | 502,100 | 10,877,015 | |
Sysmex Corp. | 72,200 | 8,952,144 | |
Terumo Corp. | 278,200 | 12,273,018 | |
57,930,115 | |||
Health Care Providers & Services - 0.1% | |||
Medipal Holdings Corp. | 79,000 | 1,429,286 | |
Health Care Technology - 0.6% | |||
M3, Inc. | 190,100 | 11,202,658 | |
Pharmaceuticals - 5.7% | |||
Astellas Pharma, Inc. | 802,100 | 13,522,427 | |
Chugai Pharmaceutical Co. Ltd. | 289,400 | 10,820,488 | |
Daiichi Sankyo Kabushiki Kaisha | 755,000 | 19,050,448 | |
Eisai Co. Ltd. | 102,200 | 7,241,504 | |
Hisamitsu Pharmaceutical Co., Inc. | 22,000 | 750,565 | |
Kyowa Hakko Kirin Co., Ltd. | 116,300 | 3,824,883 | |
Nippon Shinyaku Co. Ltd. | 21,200 | 1,698,468 | |
Ono Pharmaceutical Co. Ltd. | 159,300 | 3,342,392 | |
Otsuka Holdings Co. Ltd. | 168,200 | 6,652,189 | |
Santen Pharmaceutical Co. Ltd. | 155,300 | 2,188,946 | |
Shionogi & Co. Ltd. | 114,100 | 7,439,355 | |
Sumitomo Dainippon Pharma Co., Ltd. | 77,200 | 1,091,729 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 16,500 | 885,408 | |
Takeda Pharmaceutical Co. Ltd. | 679,800 | 19,079,152 | |
97,587,954 | |||
TOTAL HEALTH CARE | 169,148,325 | ||
INDUSTRIALS - 22.0% | |||
Air Freight & Logistics - 0.4% | |||
SG Holdings Co. Ltd. | 138,000 | 3,465,330 | |
Yamato Holdings Co. Ltd. | 125,600 | 3,087,650 | |
6,552,980 | |||
Airlines - 0.2% | |||
Ana Holdings, Inc. (a) | 68,900 | 1,605,441 | |
Japan Airlines Co. Ltd. (a) | 62,200 | 1,338,632 | |
2,944,073 | |||
Building Products - 2.0% | |||
AGC, Inc. | 83,300 | 4,147,974 | |
Daikin Industries Ltd. | 107,300 | 23,500,292 | |
LIXIL Group Corp. | 114,700 | 2,946,630 | |
Toto Ltd. | 61,000 | 2,947,172 | |
33,542,068 | |||
Commercial Services & Supplies - 0.7% | |||
Dai Nippon Printing Co. Ltd. | 95,700 | 2,370,974 | |
Secom Co. Ltd. | 90,500 | 6,169,608 | |
Sohgo Security Services Co., Ltd. | 30,800 | 1,317,738 | |
Toppan, Inc. | 113,000 | 1,824,062 | |
11,682,382 | |||
Construction & Engineering - 0.5% | |||
Kajima Corp. | 193,600 | 2,383,751 | |
Obayashi Corp. | 279,800 | 2,362,139 | |
SHIMIZU Corp. | 237,800 | 1,742,323 | |
Taisei Corp. | 82,200 | 2,579,366 | |
9,067,579 | |||
Electrical Equipment - 2.0% | |||
Fuji Electric Co. Ltd. | 54,700 | 2,674,701 | |
Mitsubishi Electric Corp. | 786,300 | 10,559,569 | |
Nidec Corp. | 192,700 | 21,343,034 | |
34,577,304 | |||
Industrial Conglomerates - 1.8% | |||
Hitachi Ltd. | 417,000 | 24,029,442 | |
Toshiba Corp. | 176,500 | 7,612,826 | |
31,642,268 | |||
Machinery - 5.3% | |||
Daifuku Co. Ltd. | 43,600 | 4,013,793 | |
FANUC Corp. | 82,600 | 16,323,510 | |
Harmonic Drive Systems, Inc. | 18,700 | 847,704 | |
Hino Motors Ltd. | 123,800 | 1,171,109 | |
Hitachi Construction Machinery Co. Ltd. | 46,300 | 1,477,246 | |
Hoshizaki Corp. | 23,400 | 1,967,728 | |
Komatsu Ltd. | 377,300 | 9,881,985 | |
Kubota Corp. | 442,600 | 9,428,714 | |
Kurita Water Industries Ltd. | 42,600 | 2,104,081 | |
Makita Corp. | 96,500 | 4,478,751 | |
Minebea Mitsumi, Inc. | 156,400 | 3,959,585 | |
Misumi Group, Inc. | 122,500 | 5,123,411 | |
Mitsubishi Heavy Industries Ltd. | 138,100 | 3,531,614 | |
Miura Co. Ltd. | 37,800 | 1,453,994 | |
Nabtesco Corp. | 48,500 | 1,573,999 | |
NGK Insulators Ltd. | 111,100 | 1,849,944 | |
NSK Ltd. | 166,300 | 1,117,445 | |
SMC Corp. | 24,700 | 14,740,101 | |
THK Co. Ltd. | 51,900 | 1,116,039 | |
Yaskawa Electric Corp. | 103,400 | 4,478,471 | |
90,639,224 | |||
Marine - 0.3% | |||
Nippon Yusen KK | 69,600 | 5,015,187 | |
Professional Services - 2.6% | |||
Nihon M&A Center Holdings, Inc. | 130,500 | 4,006,924 | |
Persol Holdings Co. Ltd. | 76,500 | 2,056,217 | |
Recruit Holdings Co. Ltd. | 584,600 | 38,887,018 | |
44,950,159 | |||
Road & Rail - 2.4% | |||
Central Japan Railway Co. | 62,100 | 9,211,954 | |
East Japan Railway Co. | 130,300 | 8,115,931 | |
Hankyu Hanshin Holdings, Inc. | 98,600 | 3,057,151 | |
Keio Corp. | 44,300 | 2,236,163 | |
Keisei Electric Railway Co. | 55,700 | 1,792,472 | |
Kintetsu Group Holdings Co. Ltd. (a) | 73,900 | 2,326,226 | |
Nippon Express Co. Ltd. | 33,100 | 2,071,878 | |
Odakyu Electric Railway Co. Ltd. | 127,000 | 2,753,286 | |
Tobu Railway Co. Ltd. | 81,400 | 2,026,668 | |
Tokyu Corp. | 215,400 | 3,036,754 | |
West Japan Railway Co. | 93,000 | 4,390,125 | |
41,018,608 | |||
Trading Companies & Distributors - 3.8% | |||
Itochu Corp. | 512,100 | 14,605,536 | |
Marubeni Corp. | 673,900 | 5,718,258 | |
Mitsubishi Corp. | 544,100 | 17,301,278 | |
Mitsui & Co. Ltd. | 654,200 | 14,971,049 | |
MonotaRO Co. Ltd. | 108,000 | 2,461,511 | |
Sumitomo Corp. | 485,200 | 6,913,938 | |
Toyota Tsusho Corp. | 91,500 | 3,968,923 | |
65,940,493 | |||
TOTAL INDUSTRIALS | 377,572,325 | ||
INFORMATION TECHNOLOGY - 14.4% | |||
Electronic Equipment & Components - 6.2% | |||
Azbil Corp. | 53,200 | 2,268,066 | |
Hamamatsu Photonics K.K. | 60,400 | 3,584,885 | |
Hirose Electric Co. Ltd. | 14,000 | 2,341,232 | |
Ibiden Co. Ltd. | 45,500 | 2,733,909 | |
Keyence Corp. | 83,800 | 50,582,919 | |
Kyocera Corp. | 138,300 | 8,097,044 | |
Murata Manufacturing Co. Ltd. | 247,500 | 18,359,200 | |
OMRON Corp. | 80,000 | 7,650,771 | |
Shimadzu Corp. | 102,100 | 4,148,040 | |
TDK Corp. | 167,400 | 6,085,491 | |
Yokogawa Electric Corp. | 98,400 | 1,966,254 | |
107,817,811 | |||
IT Services - 2.7% | |||
Fujitsu Ltd. | 84,700 | 14,638,681 | |
GMO Payment Gateway, Inc. | 17,900 | 2,267,864 | |
ITOCHU Techno-Solutions Corp. | 41,400 | 1,307,796 | |
NEC Corp. | 105,800 | 5,417,176 | |
Nomura Research Institute Ltd. | 144,600 | 5,788,926 | |
NTT Data Corp. | 271,900 | 5,454,539 | |
OBIC Co. Ltd. | 30,000 | 5,547,709 | |
Otsuka Corp. | 49,100 | 2,418,496 | |
SCSK Corp. | 67,200 | 1,359,933 | |
TIS, Inc. | 96,500 | 2,628,937 | |
46,830,057 | |||
Semiconductors & Semiconductor Equipment - 3.5% | |||
Advantest Corp. | 86,000 | 7,050,962 | |
Disco Corp. | 12,400 | 3,343,010 | |
Lasertec Corp. | 32,500 | 7,049,762 | |
Renesas Electronics Corp. (a) | 540,100 | 6,644,002 | |
ROHM Co. Ltd. | 37,700 | 3,447,196 | |
Sumco Corp. | 143,500 | 2,742,086 | |
Tokyo Electron Ltd. | 64,400 | 30,012,531 | |
60,289,549 | |||
Software - 0.3% | |||
Oracle Corp. Japan | 16,600 | 1,570,767 | |
Trend Micro, Inc. | 57,600 | 3,255,575 | |
4,826,342 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Brother Industries Ltd. | 101,700 | 1,966,262 | |
Canon, Inc. | 431,000 | 9,800,670 | |
FUJIFILM Holdings Corp. | 155,200 | 11,993,456 | |
Ricoh Co. Ltd. | 288,900 | 2,813,262 | |
Seiko Epson Corp. | 120,500 | 2,145,631 | |
28,719,281 | |||
TOTAL INFORMATION TECHNOLOGY | 248,483,040 | ||
MATERIALS - 4.9% | |||
Chemicals - 3.9% | |||
Asahi Kasei Corp. | 540,500 | 5,678,141 | |
JSR Corp. | 87,700 | 3,180,842 | |
Kansai Paint Co. Ltd. | 76,400 | 1,769,118 | |
Mitsubishi Chemical Holdings Corp. | 551,600 | 4,565,831 | |
Mitsubishi Gas Chemical Co., Inc. | 68,100 | 1,370,597 | |
Mitsui Chemicals, Inc. | 79,300 | 2,357,894 | |
Nippon Paint Holdings Co. Ltd. | 306,400 | 3,278,431 | |
Nippon Sanso Holdings Corp. | 65,300 | 1,541,640 | |
Nissan Chemical Corp. | 52,700 | 2,933,212 | |
Nitto Denko Corp. | 61,300 | 4,789,992 | |
Shin-Etsu Chemical Co. Ltd. | 152,600 | 27,213,627 | |
Sumitomo Chemical Co. Ltd. | 641,900 | 3,162,201 | |
Toray Industries, Inc. | 597,500 | 3,723,331 | |
Tosoh Corp. | 112,100 | 1,887,879 | |
67,452,736 | |||
Metals & Mining - 0.9% | |||
Hitachi Metals Ltd. (a) | 92,400 | 1,749,193 | |
JFE Holdings, Inc. | 211,800 | 3,236,400 | |
Nippon Steel & Sumitomo Metal Corp. | 368,500 | 6,460,823 | |
Sumitomo Metal Mining Co. Ltd. | 106,500 | 4,131,380 | |
15,577,796 | |||
Paper & Forest Products - 0.1% | |||
Oji Holdings Corp. | 349,600 | 1,732,876 | |
TOTAL MATERIALS | 84,763,408 | ||
REAL ESTATE - 3.5% | |||
Equity Real Estate Investment Trusts (REITs) - 1.4% | |||
Daiwa House REIT Investment Corp. | 946 | 2,714,674 | |
GLP J-REIT | 1,778 | 2,900,171 | |
Japan Real Estate Investment Corp. | 537 | 3,291,400 | |
Japan Retail Fund Investment Corp. | 3,011 | 2,765,661 | |
Nippon Building Fund, Inc. | 641 | 4,164,542 | |
Nippon Prologis REIT, Inc. | 890 | 2,972,630 | |
Nomura Real Estate Master Fund, Inc. | 1,828 | 2,737,369 | |
ORIX JREIT, Inc. | 1,130 | 1,874,789 | |
United Urban Investment Corp. | 1,276 | 1,590,610 | |
25,011,846 | |||
Real Estate Management & Development - 2.1% | |||
Daito Trust Construction Co. Ltd. | 28,200 | 3,496,352 | |
Daiwa House Industry Co. Ltd. | 244,000 | 8,049,609 | |
Hulic Co. Ltd. | 163,400 | 1,571,173 | |
Mitsubishi Estate Co. Ltd. | 509,600 | 7,744,387 | |
Mitsui Fudosan Co. Ltd. | 395,100 | 9,033,503 | |
Nomura Real Estate Holdings, Inc. | 51,000 | 1,243,349 | |
Sumitomo Realty & Development Co. Ltd. | 133,300 | 4,817,452 | |
35,955,825 | |||
TOTAL REAL ESTATE | 60,967,671 | ||
UTILITIES - 0.9% | |||
Electric Utilities - 0.5% | |||
Chubu Electric Power Co., Inc. | 277,600 | 2,873,476 | |
Kansai Electric Power Co., Inc. | 303,300 | 2,792,517 | |
Tohoku Electric Power Co., Inc. | 184,200 | 1,195,115 | |
Tokyo Electric Power Co., Inc. (a) | 657,800 | 1,822,107 | |
8,683,215 | |||
Gas Utilities - 0.4% | |||
Osaka Gas Co. Ltd. | 161,600 | 2,604,667 | |
Toho Gas Co. Ltd. | 31,900 | 944,956 | |
Tokyo Gas Co. Ltd. | 162,000 | 2,811,176 | |
6,360,799 | |||
TOTAL UTILITIES | 15,044,014 | ||
TOTAL COMMON STOCKS | |||
(Cost $1,735,447,524) | 1,706,460,878 | ||
Money Market Funds - 0.1% | |||
Fidelity Cash Central Fund 0.06% (b) | 1,114,251 | 1,114,474 | |
Fidelity Securities Lending Cash Central Fund 0.06% (b)(c) | 1,042,396 | 1,042,500 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $2,156,974) | 2,156,974 | ||
TOTAL INVESTMENT IN SECURITIES - 99.3% | |||
(Cost $1,737,604,498) | 1,708,617,852 | ||
NET OTHER ASSETS (LIABILITIES) - 0.7% | 11,679,686 | ||
NET ASSETS - 100% | $1,720,297,538 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME Yen Denominated Nikkei 225 Contracts (United States) | 107 | Dec. 2021 | $13,607,940 | $(326,360) | $(326,360) |
The notional amount of futures purchased as a percentage of Net Assets is 0.8%
Legend
(a) Non-income producing
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(c) 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% | $-- | $1,133,228,525 | $1,132,114,051 | $3,451 | $-- | $-- | $1,114,474 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | -- | 1,042,500 | -- | 2 | -- | -- | 1,042,500 | 0.0% |
Total | $-- | $1,134,271,025 | $1,132,114,051 | $3,453 | $-- | $-- | $2,156,974 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $133,463,514 | $-- | $133,463,514 | $-- |
Consumer Discretionary | 332,714,301 | -- | 332,714,301 | -- |
Consumer Staples | 118,203,473 | -- | 118,203,473 | -- |
Energy | 11,461,728 | -- | 11,461,728 | -- |
Financials | 154,639,079 | -- | 154,639,079 | -- |
Health Care | 169,148,325 | -- | 169,148,325 | -- |
Industrials | 377,572,325 | -- | 377,572,325 | -- |
Information Technology | 248,483,040 | -- | 248,483,040 | -- |
Materials | 84,763,408 | -- | 84,763,408 | -- |
Real Estate | 60,967,671 | -- | 60,967,671 | -- |
Utilities | 15,044,014 | -- | 15,044,014 | -- |
Money Market Funds | 2,156,974 | 2,156,974 | -- | -- |
Total Investments in Securities: | $1,708,617,852 | $2,156,974 | $1,706,460,878 | $-- |
Derivative Instruments: | ||||
Liabilities | ||||
Futures Contracts | $(326,360) | $(326,360) | $-- | $-- |
Total Liabilities | $(326,360) | $(326,360) | $-- | $-- |
Total Derivative Instruments: | $(326,360) | $(326,360) | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $0 | $(326,360) |
Total Equity Risk | 0 | (326,360) |
Total Value of Derivatives | $0 | $(326,360) |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Financial Statements
Statement of Assets and Liabilities
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $1,035,851) — See accompanying schedule: Unaffiliated issuers (cost $1,735,447,524) | $1,706,460,878 | |
Fidelity Central Funds (cost $2,156,974) | 2,156,974 | |
Total Investment in Securities (cost $1,737,604,498) | $1,708,617,852 | |
Segregated cash with brokers for derivative instruments | 918,170 | |
Foreign currency held at value (cost $2,060,497) | 2,041,293 | |
Dividends receivable | 13,024,381 | |
Distributions receivable from Fidelity Central Funds | 51 | |
Receivable for daily variation margin on futures contracts | 40,196 | |
Prepaid expenses | 15,935 | |
Total assets | 1,724,657,878 | |
Liabilities | ||
Payable for investments purchased | $2,891,638 | |
Accrued management fee | 156,561 | |
Other payables and accrued expenses | 269,641 | |
Collateral on securities loaned | 1,042,500 | |
Total liabilities | 4,360,340 | |
Net Assets | $1,720,297,538 | |
Net Assets consist of: | ||
Paid in capital | $1,737,483,346 | |
Total accumulated earnings (loss) | (17,185,808) | |
Net Assets | $1,720,297,538 | |
Net Asset Value, offering price and redemption price per share ($1,720,297,538 ÷ 168,938,456 shares) | $10.18 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
For the period May 27, 2021 (commencement of operations) through October 31, 2021 | ||
Investment Income | ||
Dividends | $16,579,149 | |
Income from Fidelity Central Funds (including $2 from security lending) | 3,453 | |
Income before foreign taxes withheld | 16,582,602 | |
Less foreign taxes withheld | (1,758,942) | |
Total income | 14,823,660 | |
Expenses | ||
Management fee | $615,788 | |
Custodian fees and expenses | 39,797 | |
Independent trustees' fees and expenses | 1,342 | |
Registration fees | 203,178 | |
Audit | 41,998 | |
Legal | 177 | |
Miscellaneous | 699 | |
Total expenses | 902,979 | |
Net investment income (loss) | 13,920,681 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (299,853) | |
Foreign currency transactions | (1,404,094) | |
Futures contracts | 171,817 | |
Total net realized gain (loss) | (1,532,130) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | (28,986,646) | |
Assets and liabilities in foreign currencies | (257,936) | |
Futures contracts | (326,360) | |
Total change in net unrealized appreciation (depreciation) | (29,570,942) | |
Net gain (loss) | (31,103,072) | |
Net increase (decrease) in net assets resulting from operations | $(17,182,391) |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
For the period May 27, 2021 (commencement of operations) through October 31, 2021 | |
Increase (Decrease) in Net Assets | |
Operations | |
Net investment income (loss) | $13,920,681 |
Net realized gain (loss) | (1,532,130) |
Change in net unrealized appreciation (depreciation) | (29,570,942) |
Net increase (decrease) in net assets resulting from operations | (17,182,391) |
Share transactions | |
Proceeds from sales of shares | 1,742,860,150 |
Cost of shares redeemed | (5,380,221) |
Net increase (decrease) in net assets resulting from share transactions | 1,737,479,929 |
Total increase (decrease) in net assets | 1,720,297,538 |
Net Assets | |
Beginning of period | – |
End of period | $1,720,297,538 |
Other Information | |
Shares | |
Sold | 169,437,550 |
Redeemed | (499,094) |
Net increase (decrease) | 168,938,456 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity SAI Japan Stock Index Fund
Years ended October 31, | 2021 A |
Selected Per–Share Data | |
Net asset value, beginning of period | $10.00 |
Income from Investment Operations | |
Net investment income (loss)B | .10 |
Net realized and unrealized gain (loss) | .08C |
Total from investment operations | .18 |
Net asset value, end of period | $10.18 |
Total ReturnD | 1.80% |
Ratios to Average Net AssetsE,F | |
Expenses before reductions | .14%G,H |
Expenses net of fee waivers, if any | .14%G,H |
Expenses net of all reductions | .14%G,H |
Net investment income (loss) | 2.27%G,H |
Supplemental Data | |
Net assets, end of period (000 omitted) | $1,720,298 |
Portfolio turnover rateI | –%J,K |
A For the period May 27, 2021 (commencement of operations) through October 31, 2021.
B Calculated based on average shares outstanding during the period.
C The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
D Total returns for periods of less than one year are not annualized.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Annualized
H Audit fees are not annualized.
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Amount represents less than 1%.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended October 31, 2021
1. Organization.
Fidelity SAI Japan Stock 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 exclusively to certain clients of Fidelity Management & Research Company LLC (FMR) or its affiliates. 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%. |
(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 October 31, 2021 is included at the end of the Fund's Schedule of Investments.
Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. 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. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. 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. As of October 31, 2021, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships, capital loss carryforwards and losses deferred due to wash sales.
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:
Gross unrealized appreciation | $73,500,953 |
Gross unrealized depreciation | (104,131,252) |
Net unrealized appreciation (depreciation) | $(30,630,299) |
Tax Cost | $1,739,248,151 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $13,795,244 |
Capital loss carryforward | $(92,816) |
Net unrealized appreciation (depreciation) on securities and other investments | $(30,888,235) |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
No expiration | |
Short-term | $(89) |
Long-term | (92,727) |
Total capital loss carryforward | $(92,816) |
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 SAI Japan Stock Index Fund | 1,737,692,441 | 1,931,614 |
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 pays a monthly management fee that is based on an annual rate of .10% of the Fund's average net assets.
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. During the period there were no interfund trades.
7. 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 SAI Japan Stock Index Fund | $1 | $– | $– |
8. 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.
In addition, at the end of the period, the following mutual funds managed by the investment adviser or its affiliates were the owners of record of 10% or more of the total outstanding shares.
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | |
Fidelity SAI Japan Stock Index Fund | 25% | 75% |
Mutual funds managed by the investment adviser or its affiliates, in aggregate, were the owners of record of more than 20% of the total outstanding shares.
Fund | % of shares held |
Fidelity SAI Japan Stock Index Fund | 100% |
9. Coronavirus (COVID-19) Pandemic.
An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity SAI Japan Stock Index Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity SAI Japan Stock Index Fund (one of the funds constituting Fidelity Concord Street Trust, referred to hereafter as the “Fund”) as of October 31, 2021, and the related statements of operations and changes in net assets, including the related notes, and the financial highlights for the period May 27, 2021 (commencement of operations) through October 31, 2021 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2021, and the results of its operations, changes in its net assets, and the financial highlights for the period May 27, 2021 (commencement of operations) through October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2021 by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audit provides a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
December 15, 2021
We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 318 funds. Mr. Chiel oversees 179 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
The fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Bettina Doulton (1964)
Year of Election or Appointment: 2021
Trustee
Ms. Doulton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Thomas P. Bostick (1956)
Year of Election or Appointment: 2021
Trustee
Lieutenant General Bostick also serves as Trustee of other Fidelity® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present) and Managing Partner, Sustainability, of Ridge-Lane Limited Partners (strategic advisory and venture development, 2016-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York and a member of the Board of NYC Leadership Academy (2012-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2021
Trustee
Mr. Kennedy also serves as Trustee of other Fidelity® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Oscar Munoz (1959)
Year of Election or Appointment: 2021
Trustee
Mr. Munoz also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present) and a member of the Advisory Board of Salesforce.com, Inc. (cloud-based software, 2020-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Investment Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Brett Segaloff (1972)
Year of Election or Appointment: 2021
Anti-Money Laundering (AML) Officer
Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).
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 actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 27, 2021 to October 31, 2021). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (May 27, 2021 to October 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. In addition, if these transactional costs were included, your costs would have been higher.
Annualized Expense Ratio-A | Beginning Account Value | Ending Account Value October 31, 2021 | Expenses Paid During Period-B | |
Fidelity SAI Japan Stock Index Fund | .15% | |||
Actual | $1,000.00 | $1,018.00 | $.66 | |
Hypothetical-C | $1,000.00 | $1,024.45 | $.77 |
A Annualized expense ratio reflects expenses net of applicable fee waivers.
B Actual expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 158/365 (to reflect the period May 27, 2021 to October 31, 2021.
C 5% return per year before expenses
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity SAI Japan Stock Index Fund
At its February 2021 meeting, the Board of Trustees, including the Independent Trustees (together, the Board), voted to approve the management contract with Fidelity Management & Research Company LLC (FMR) and the fund's sub-advisory agreement with Geode Capital Management, LLC (Geode) (together, the Advisory Contracts) for the fund. FMR and the sub-adviser are collectively referred to herein as the Investment Advisers. 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 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 philosophies. The Board considered the structure of the investment personnel compensation program and whether the structure provides appropriate incentives to act in the best interests of the fund.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. 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.Shareholder and Administrative Services. The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by the Investment Advisers, and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, and pricing and bookkeeping, and securities lending services for the fund. The Board also considered the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors.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 Performance. The fund is a new fund and therefore had no historical performance for the Board to review at the time it approved the fund's Advisory Contracts.Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contracts should benefit the shareholders of the fund.Competitiveness of Management Fee and Total Expense Ratio. In reviewing the Advisory Contracts, the Board considered the fund's proposed management fee rate and the projected total expense ratio of the fund. The Board noted that the fund's proposed management fee rate is lower than the median fee rate of funds with similar Lipper investment objective categories and comparable investment mandates, regardless of whether their management fee structures are comparable. The Board also considered that the projected total expense ratio of the fund is below the median of those funds and classes used by the Board for management fee comparisons that have a similar sales load structure.The Board also noted that FMR has contractually agreed to reimburse the fund to the extent that total operating expenses (excluding interest, certain taxes, fees and expenses of the Independent Trustees, proxy and shareholder meeting expenses, extraordinary expenses, and acquired fund fees and expenses, if any, as well as non-operating expenses such as brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable), as a percentage of its average net assets exceed a certain limit through February 28, 2023.Based on its review, the Board concluded that the fund's management fee and projected total expense ratio were reasonable in light of the services that the fund and its shareholders will receive and the other factors considered.Costs of the Services and Profitability. The fund is a new fund and therefore no revenue, cost, or profitability data was available for the Board to review in respect of the fund at the time it approved the Advisory Contracts. In connection with its future renewal of the fund's Advisory Contracts, the Board will consider the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders.Economies of Scale. The Board will consider economies of scale when there is operating experience to permit assessment thereof. It noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee was at a level normally associated, by comparison with competitors, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.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 arrangement are fair and reasonable, and that the fund's Advisory Contracts should be approved.JSI-ANN-1221
1.9901432.100
Fidelity® Series International Index Fund
October 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.
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, 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.
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2021 | Past 1 year | Life of fundA |
Fidelity® Series International Index Fund | 34.15% | 8.87% |
A From August 17, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity® Series International Index Fund on August 17, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period.
Period Ending Values | ||
$13,133 | Fidelity® Series International Index Fund | |
$13,205 | MSCI EAFE Index |
Management's Discussion of Fund Performance
Market Recap: The MSCI ACWI (All Country World Index) ex USA Index gained 29.85% for the 12 months ending October 31, 2021, with international equities rising amid an improved outlook for global economic growth, widespread COVID-19 vaccination, fiscal stimulus in the U.S. and abroad, and government spending programs. As 2021 began, investors saw reasons to be hopeful and the index recorded steady monthly gains. As part of the economic “reopening” trade, investors generally moved out of tech-driven mega-caps that had thrived due to the work-from-home trend in favor of cheap, smaller companies they believed stood to benefit from a broad cyclical recovery. In early September, sentiment turned broadly negative due to inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. International stocks returned -3.18% for the month, but rebounded in October (+2.39%) amid strength in corporate earnings and notable improvement in the global economy. By region, Canada (+50%) led the way, followed by the U.K. (+44%) and Europe ex U.K (+41%). Conversely, emerging markets (+17%) and Japan (+20%) lagged most. By sector, energy (+74%) fared best by a wide margin. Financials (+50%) and information technology (+43%) also stood out. In contrast, communication services (+6%), consumer discretionary (+14%) and real estate (+17%) notably trailed the index.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2021, the fund gained 34.15%, roughly in line with the 34.45% advance of the benchmark MSCI EAFE Index (Net MA). (The fund's relative performance can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index, as well as by local tax laws or regulations, which vary by country.) From a regional standpoint, the U.K., Europe ex U.K. and Asia Pacific ex Japan contributed to the fund's relative result. By sector, financials gained 53% and contributed most, followed by industrials, which gained about 35%, and consumer discretionary, which advanced approximately 38%. The information technology sector rose 49%, health care gained roughly 21%, driven by the pharmaceuticals, biotechnology & life sciences industry (+22%), and materials advanced 34%. Other notable contributors included the energy (+80%), consumer staples (+18%), real estate (+28%), communication services (+12%), and utilities (+13%) sectors. Turning to individual stocks, the top contributor was ASML Holding (+124%), from the semiconductors & semiconductor equipment segment, followed by LVMH Moët Hennessy Louis Vuitton (+68%), within the consumer durables & apparel group. In energy, Royal Dutch Shell advanced roughly 94% and Novo-Nordisk (+73%) from the pharmaceuticals, biotechnology & life sciences industry also helped. Nestle, within the food, beverage & tobacco category, rose 20% and boosted the fund. In contrast, the biggest individual detractor was Unilever (-3%), from the household & personal products segment, followed by SoftBank Group (-17%), which is in the telecommunication services group. Within media & entertainment, Nintendo returned -16% and hurt. Other detractors were Kao (-19%), a stock in the household & personal products industry, and Just Eat Takeaway (-35%), from the retailing category.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2021
% of fund's net assets | |
Nestle SA (Reg. S) (Switzerland, Food Products) | 2.2 |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.9 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.6 |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.2 |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.1 |
Toyota Motor Corp. (Japan, Automobiles) | 1.1 |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 1.1 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.0 |
SAP SE (Germany, Software) | 0.9 |
Sony Group Corp. (Japan, Household Durables) | 0.8 |
12.9 |
Top Market Sectors as of October 31, 2021
% of fund's net assets | |
Financials | 16.9 |
Industrials | 14.8 |
Consumer Discretionary | 13.1 |
Health Care | 12.5 |
Consumer Staples | 10.2 |
Information Technology | 9.5 |
Materials | 7.6 |
Communication Services | 4.3 |
Energy | 3.3 |
Utilities | 3.2 |
Geographic Diversification (% of fund's net assets)
As of October 31, 2021 | ||
Japan | 22.5% | |
United Kingdom | 13.3% | |
France | 10.4% | |
Switzerland | 9.8% | |
Germany | 8.7% | |
Australia | 6.7% | |
Netherlands | 6.3% | |
Sweden | 3.5% | |
Denmark | 2.7% | |
Other* | 16.1% |
* Includes Short-Term Investments and Net Other Assets (Liabilities).
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.
Asset Allocation as of October 31, 2021
% of fund's net assets | |
Stocks and Equity Futures | 100.0 |
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 97.5% | |||
Shares | Value | ||
Australia - 6.7% | |||
Afterpay Ltd. (a) | 3,380 | $313,121 | |
AGL Energy Ltd. | 9,932 | 42,736 | |
Ampol Ltd. | 3,708 | 85,214 | |
APA Group unit | 18,367 | 113,296 | |
Aristocrat Leisure Ltd. | 9,365 | 328,852 | |
ASX Ltd. | 3,015 | 188,292 | |
Aurizon Holdings Ltd. | 28,639 | 72,602 | |
AusNet Services | 29,606 | 55,010 | |
Australia & New Zealand Banking Group Ltd. | 44,301 | 937,778 | |
BHP Group Ltd. | 45,861 | 1,259,664 | |
BlueScope Steel Ltd. | 7,841 | 121,625 | |
Brambles Ltd. | 22,497 | 169,911 | |
Cochlear Ltd. | 1,024 | 169,806 | |
Coles Group Ltd. | 20,759 | 267,658 | |
Commonwealth Bank of Australia | 27,620 | 2,174,952 | |
Computershare Ltd. | 8,459 | 119,375 | |
Crown Ltd. (a) | 5,898 | 44,190 | |
CSL Ltd. | 7,086 | 1,601,745 | |
Dexus unit | 16,744 | 136,915 | |
Dominos Pizza Enterprises Ltd. | 943 | 96,092 | |
Endeavour Group Ltd. | 20,867 | 106,741 | |
Evolution Mining Ltd. | 28,211 | 77,035 | |
Fortescue Metals Group Ltd. | 26,363 | 276,254 | |
Goodman Group unit | 25,890 | 426,519 | |
Insurance Australia Group Ltd. | 38,375 | 138,564 | |
Lendlease Group unit | 10,717 | 84,327 | |
Macquarie Group Ltd. | 5,352 | 791,293 | |
Magellan Financial Group Ltd. | 2,112 | 55,082 | |
Medibank Private Ltd. | 42,864 | 107,052 | |
Mirvac Group unit | 61,303 | 130,045 | |
National Australia Bank Ltd. | 51,356 | 1,116,581 | |
Newcrest Mining Ltd. | 12,721 | 238,182 | |
Northern Star Resources Ltd. | 17,206 | 119,595 | |
Orica Ltd. | 6,334 | 72,091 | |
Origin Energy Ltd. | 27,403 | 104,100 | |
Qantas Airways Ltd. (a) | 14,375 | 57,853 | |
QBE Insurance Group Ltd. | 22,963 | 204,350 | |
Ramsay Health Care Ltd. | 2,851 | 151,027 | |
REA Group Ltd. | 823 | 99,143 | |
Reece Ltd. | 4,526 | 67,719 | |
Rio Tinto Ltd. | 5,778 | 392,446 | |
Santos Ltd. | 29,183 | 153,231 | |
Scentre Group unit | 80,795 | 183,550 | |
SEEK Ltd. | 5,228 | 128,601 | |
Sonic Healthcare Ltd. | 7,069 | 212,866 | |
South32 Ltd. | 73,440 | 197,226 | |
Stockland Corp. Ltd. unit | 37,164 | 127,203 | |
Suncorp Group Ltd. | 19,971 | 176,072 | |
Sydney Airport unit (a) | 20,586 | 126,829 | |
Tabcorp Holdings Ltd. | 34,589 | 129,057 | |
Telstra Corp. Ltd. | 64,769 | 186,120 | |
The GPT Group unit | 29,910 | 116,099 | |
Transurban Group unit | 47,365 | 478,872 | |
Treasury Wine Estates Ltd. | 11,232 | 97,336 | |
Vicinity Centres unit | 60,218 | 78,141 | |
Washington H. Soul Pattinson & Co. Ltd. | 3,370 | 82,339 | |
Wesfarmers Ltd. | 17,650 | 760,120 | |
Westpac Banking Corp. | 57,115 | 1,111,180 | |
WiseTech Global Ltd. | 2,277 | 87,494 | |
Woodside Petroleum Ltd. | 14,999 | 262,443 | |
Woolworths Group Ltd. | 19,733 | 565,265 | |
TOTAL AUSTRALIA | 18,374,877 | ||
Austria - 0.2% | |||
Erste Group Bank AG | 4,349 | 186,518 | |
OMV AG | 2,292 | 138,837 | |
Raiffeisen International Bank-Holding AG | 2,302 | 67,326 | |
Verbund AG | 1,060 | 110,405 | |
Voestalpine AG | 1,818 | 69,017 | |
TOTAL AUSTRIA | 572,103 | ||
Bailiwick of Jersey - 0.8% | |||
Experian PLC | 14,375 | 658,452 | |
Ferguson PLC | 3,477 | 523,191 | |
Glencore Xstrata PLC | 155,569 | 777,935 | |
WPP PLC | 18,744 | 270,940 | |
TOTAL BAILIWICK OF JERSEY | 2,230,518 | ||
Belgium - 0.8% | |||
Ageas | 2,726 | 132,668 | |
Anheuser-Busch InBev SA NV | 11,863 | 725,627 | |
Colruyt NV | 847 | 41,554 | |
Elia System Operator SA/NV | 480 | 55,987 | |
Groupe Bruxelles Lambert SA | 1,760 | 203,965 | |
KBC Groep NV | 3,892 | 362,452 | |
Proximus | 2,362 | 44,466 | |
Sofina SA | 240 | 106,093 | |
Solvay SA Class A | 1,153 | 137,019 | |
UCB SA | 1,968 | 234,553 | |
Umicore SA | 3,069 | 175,898 | |
TOTAL BELGIUM | 2,220,282 | ||
Bermuda - 0.1% | |||
CK Infrastructure Holdings Ltd. | 10,581 | 63,781 | |
Hongkong Land Holdings Ltd. | 18,130 | 99,896 | |
Jardine Matheson Holdings Ltd. | 3,375 | 195,514 | |
TOTAL BERMUDA | 359,191 | ||
Cayman Islands - 0.6% | |||
Budweiser Brewing Co. APAC Ltd. (b) | 26,780 | 73,830 | |
Chow Tai Fook Jewellery Group Ltd. | 31,200 | 63,840 | |
CK Asset Holdings Ltd. | 31,226 | 192,842 | |
CK Hutchison Holdings Ltd. | 42,056 | 282,968 | |
ESR Cayman Ltd. (a)(b) | 31,023 | 100,679 | |
Futu Holdings Ltd. ADR (a)(c) | 796 | 42,602 | |
Melco Crown Entertainment Ltd. sponsored ADR (a) | 3,417 | 37,006 | |
Sands China Ltd. (a) | 37,662 | 85,838 | |
Sea Ltd. ADR (a) | 1,072 | 368,307 | |
SITC International Holdings Co. Ltd. | 21,000 | 71,120 | |
WH Group Ltd. (b) | 129,577 | 90,931 | |
Wharf Real Estate Investment Co. Ltd. | 25,814 | 145,651 | |
Wynn Macau Ltd. (a) | 23,403 | 21,055 | |
Xinyi Glass Holdings Ltd. | 28,050 | 79,133 | |
TOTAL CAYMAN ISLANDS | 1,655,802 | ||
Denmark - 2.7% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 48 | 131,431 | |
Series B | 91 | 263,713 | |
Ambu A/S Series B | 2,611 | 74,374 | |
Carlsberg A/S Series B | 1,563 | 257,828 | |
Chr. Hansen Holding A/S | 1,642 | 130,646 | |
Coloplast A/S Series B | 1,850 | 301,577 | |
Danske Bank A/S | 10,735 | 181,669 | |
Demant A/S (a) | 1,682 | 81,473 | |
DSV A/S | 3,138 | 729,274 | |
Genmab A/S (a) | 1,022 | 458,034 | |
GN Store Nord A/S | 1,936 | 117,484 | |
Novo Nordisk A/S Series B | 26,216 | 2,874,713 | |
Novozymes A/S Series B | 3,198 | 235,166 | |
ORSTED A/S (b) | 2,945 | 415,549 | |
Pandora A/S | 1,557 | 217,424 | |
Rockwool International A/S Series B | 131 | 59,851 | |
Tryg A/S | 5,605 | 132,874 | |
Vestas Wind Systems A/S | 15,722 | 679,943 | |
TOTAL DENMARK | 7,343,023 | ||
Finland - 1.2% | |||
Elisa Corp. (A Shares) | 2,213 | 133,488 | |
Fortum Corp. | 6,913 | 205,380 | |
Kesko Oyj | 4,251 | 138,039 | |
Kone OYJ (B Shares) | 5,292 | 360,691 | |
Neste Oyj | 6,587 | 366,946 | |
Nokia Corp. (a) | 83,938 | 481,763 | |
Nordea Bank ABP | 50,443 | 617,087 | |
Orion Oyj (B Shares) | 1,651 | 71,437 | |
Sampo Oyj (A Shares) | 7,766 | 412,965 | |
Stora Enso Oyj (R Shares) | 9,058 | 150,574 | |
UPM-Kymmene Corp. | 8,310 | 293,186 | |
Wartsila Corp. | 7,367 | 102,152 | |
TOTAL FINLAND | 3,333,708 | ||
France - 10.4% | |||
Accor SA (a) | 2,645 | 94,511 | |
Aeroports de Paris SA (a) | 462 | 61,365 | |
Air Liquide SA | 7,376 | 1,231,481 | |
Alstom SA | 4,921 | 175,374 | |
Amundi SA (b) | 947 | 84,349 | |
Arkema SA | 955 | 130,490 | |
Atos Origin SA | 1,541 | 80,127 | |
AXA SA | 30,130 | 876,572 | |
bioMerieux SA | 645 | 82,055 | |
BNP Paribas SA | 17,512 | 1,172,205 | |
Bollore SA | 13,762 | 79,703 | |
Bouygues SA | 3,557 | 143,916 | |
Bureau Veritas SA | 4,579 | 145,355 | |
Capgemini SA | 2,497 | 581,059 | |
Carrefour SA | 9,812 | 177,570 | |
CNP Assurances | 2,677 | 67,029 | |
Compagnie de St. Gobain | 7,878 | 543,681 | |
Compagnie Generale des Etablissements Michelin SCA Series B | 2,638 | 414,740 | |
Covivio | 810 | 70,040 | |
Credit Agricole SA | 18,162 | 274,010 | |
Danone SA | 10,169 | 662,874 | |
Dassault Aviation SA | 393 | 41,001 | |
Dassault Systemes SA | 10,333 | 603,421 | |
Edenred SA | 3,840 | 207,614 | |
EDF SA | 7,236 | 106,484 | |
Eiffage SA | 1,328 | 136,569 | |
ENGIE | 28,423 | 404,010 | |
EssilorLuxottica SA | 4,443 | 918,850 | |
Eurazeo SA | 616 | 57,715 | |
Faurecia SA | 1,826 | 95,094 | |
Gecina SA | 715 | 100,053 | |
Getlink SE | 6,850 | 105,199 | |
Hermes International SCA | 493 | 781,059 | |
Ipsen SA | 587 | 60,664 | |
Kering SA | 1,168 | 876,625 | |
Klepierre SA | 3,213 | 76,365 | |
L'Oreal SA | 3,928 | 1,796,882 | |
La Francaise des Jeux SAEM (b) | 1,488 | 77,234 | |
Legrand SA | 4,164 | 454,251 | |
LVMH Moet Hennessy Louis Vuitton SE | 4,322 | 3,388,974 | |
Orange SA | 31,048 | 338,577 | |
Orpea | 805 | 83,938 | |
Pernod Ricard SA | 3,261 | 749,043 | |
Publicis Groupe SA | 3,476 | 232,818 | |
Remy Cointreau SA | 354 | 71,451 | |
Renault SA (a) | 2,991 | 107,393 | |
Safran SA | 5,321 | 716,152 | |
Sanofi SA | 17,666 | 1,774,447 | |
Sartorius Stedim Biotech | 431 | 237,260 | |
Schneider Electric SA | 8,387 | 1,446,071 | |
SCOR SE | 2,471 | 83,123 | |
SEB SA | 430 | 67,255 | |
Societe Generale Series A | 12,619 | 421,524 | |
Sodexo SA | 1,378 | 133,809 | |
Suez Environnement SA | 5,467 | 124,406 | |
Teleperformance | 915 | 381,950 | |
Thales SA | 1,660 | 152,864 | |
Total SA | 38,896 | 1,947,716 | |
Ubisoft Entertainment SA (a) | 1,442 | 75,509 | |
Valeo SA | 3,574 | 104,652 | |
Veolia Environnement SA | 10,201 | 332,898 | |
VINCI SA | 8,289 | 885,097 | |
Vivendi SA | 11,078 | 142,597 | |
Wendel SA | 418 | 55,617 | |
Worldline SA (a)(b) | 3,700 | 215,485 | |
TOTAL FRANCE | 28,318,222 | ||
Germany - 8.1% | |||
adidas AG | 2,964 | 970,695 | |
Allianz SE | 6,419 | 1,492,606 | |
BASF AG | 14,299 | 1,029,151 | |
Bayer AG | 15,295 | 861,991 | |
Bayerische Motoren Werke AG (BMW) | 5,131 | 517,458 | |
Bechtle AG | 1,276 | 95,584 | |
Beiersdorf AG | 1,569 | 166,685 | |
Brenntag SE | 2,405 | 228,642 | |
Carl Zeiss Meditec AG | 627 | 126,081 | |
Commerzbank AG (a) | 15,593 | 113,849 | |
Continental AG (a) | 1,712 | 201,282 | |
Covestro AG (b) | 3,008 | 192,640 | |
Daimler AG (Germany) | 13,325 | 1,320,713 | |
Delivery Hero AG (a)(b) | 2,522 | 313,555 | |
Deutsche Bank AG (a) | 32,177 | 414,593 | |
Deutsche Borse AG | 2,958 | 491,033 | |
Deutsche Lufthansa AG (a) | 9,301 | 61,415 | |
Deutsche Post AG | 15,432 | 954,764 | |
Deutsche Telekom AG | 51,891 | 965,025 | |
E.ON AG | 34,945 | 442,987 | |
Evonik Industries AG | 3,263 | 105,692 | |
Fresenius Medical Care AG & Co. KGaA | 3,192 | 212,042 | |
Fresenius SE & Co. KGaA | 6,511 | 295,537 | |
GEA Group AG | 2,387 | 117,522 | |
Hannover Reuck SE | 939 | 171,506 | |
HeidelbergCement AG | 2,316 | 174,406 | |
HelloFresh AG (a) | 2,571 | 208,045 | |
Henkel AG & Co. KGaA | 1,651 | 137,607 | |
Infineon Technologies AG | 20,331 | 952,128 | |
KION Group AG | 1,123 | 122,549 | |
Knorr-Bremse AG | 1,129 | 118,949 | |
Lanxess AG | 1,293 | 87,082 | |
LEG Immobilien AG | 1,122 | 166,863 | |
Merck KGaA | 2,012 | 474,943 | |
MTU Aero Engines AG | 831 | 184,778 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2,181 | 645,941 | |
Nemetschek Se | 900 | 103,208 | |
Puma AG | 1,644 | 203,920 | |
Rational AG | 80 | 79,496 | |
RWE AG | 9,999 | 384,563 | |
SAP SE | 16,258 | 2,354,340 | |
Scout24 AG (b) | 1,362 | 94,783 | |
Siemens AG | 11,910 | 1,936,351 | |
Siemens Healthineers AG (b) | 4,391 | 291,667 | |
Symrise AG | 2,003 | 276,814 | |
TeamViewer AG (a)(b) | 2,424 | 36,179 | |
Telefonica Deutschland Holding AG | 16,429 | 42,789 | |
Uniper SE | 1,422 | 62,811 | |
United Internet AG | 1,508 | 55,575 | |
Vitesco Technologies Group AG (a) | 15 | 860 | |
Volkswagen AG | 502 | 162,952 | |
Vonovia SE | 8,508 | 515,957 | |
Zalando SE (a)(b) | 3,453 | 325,640 | |
TOTAL GERMANY | 22,064,244 | ||
Hong Kong - 2.2% | |||
AIA Group Ltd. | 188,245 | 2,109,664 | |
BOC Hong Kong (Holdings) Ltd. | 57,710 | 183,206 | |
CLP Holdings Ltd. | 25,736 | 251,979 | |
Galaxy Entertainment Group Ltd. (a) | 33,635 | 181,998 | |
Hang Lung Properties Ltd. | 31,400 | 72,885 | |
Hang Seng Bank Ltd. | 11,876 | 225,904 | |
Henderson Land Development Co. Ltd. | 22,140 | 92,704 | |
Hong Kong & China Gas Co. Ltd. | 174,697 | 271,397 | |
Hong Kong Exchanges and Clearing Ltd. | 18,767 | 1,135,596 | |
Link (REIT) | 32,410 | 287,422 | |
MTR Corp. Ltd. | 24,111 | 131,393 | |
New World Development Co. Ltd. | 23,305 | 101,092 | |
Power Assets Holdings Ltd. | 21,803 | 132,967 | |
Sino Land Ltd. | 50,748 | 66,660 | |
SJM Holdings Ltd. (a) | 29,285 | 21,868 | |
Sun Hung Kai Properties Ltd. | 20,180 | 267,553 | |
Swire Pacific Ltd. (A Shares) | 7,856 | 49,425 | |
Swire Properties Ltd. | 18,365 | 49,214 | |
Techtronic Industries Co. Ltd. | 21,292 | 438,127 | |
TOTAL HONG KONG | 6,071,054 | ||
Ireland - 0.8% | |||
CRH PLC | 12,203 | 583,960 | |
DCC PLC (United Kingdom) | 1,534 | 128,187 | |
Flutter Entertainment PLC (Ireland) (a) | 2,593 | 490,392 | |
James Hardie Industries PLC CDI | 6,916 | 268,712 | |
Kerry Group PLC Class A | 2,476 | 332,308 | |
Kingspan Group PLC (Ireland) | 2,402 | 276,672 | |
Smurfit Kappa Group PLC | 3,831 | 200,573 | |
TOTAL IRELAND | 2,280,804 | ||
Isle of Man - 0.1% | |||
Entain PLC (a) | 9,114 | 255,446 | |
Israel - 0.6% | |||
Azrieli Group | 660 | 61,613 | |
Bank Hapoalim BM (Reg.) | 17,681 | 173,773 | |
Bank Leumi le-Israel BM | 22,614 | 215,610 | |
Check Point Software Technologies Ltd. (a) | 1,708 | 204,277 | |
CyberArk Software Ltd. (a) | 619 | 111,488 | |
Elbit Systems Ltd. (Israel) | 413 | 64,997 | |
Icl Group Ltd. | 10,990 | 93,946 | |
Israel Discount Bank Ltd. (Class A) (a) | 18,114 | 109,222 | |
Mizrahi Tefahot Bank Ltd. | 2,191 | 79,557 | |
NICE Systems Ltd. (a) | 983 | 276,539 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) | 17,160 | 149,978 | |
Wix.com Ltd. (a) | 872 | 162,157 | |
TOTAL ISRAEL | 1,703,157 | ||
Italy - 1.8% | |||
Amplifon SpA | 1,939 | 98,513 | |
Assicurazioni Generali SpA | 17,226 | 375,365 | |
Atlantia SpA (a) | 7,711 | 148,907 | |
DiaSorin SpA | 392 | 88,523 | |
Enel SpA | 126,612 | 1,059,969 | |
Eni SpA | 39,279 | 562,964 | |
FinecoBank SpA | 9,495 | 181,272 | |
Infrastrutture Wireless Italiane SpA (b) | 5,224 | 57,708 | |
Intesa Sanpaolo SpA | 257,104 | 730,736 | |
Mediobanca SpA | 9,663 | 115,223 | |
Moncler SpA | 3,195 | 229,435 | |
Nexi SpA (a)(b) | 6,843 | 118,855 | |
Poste Italiane SpA (b) | 8,130 | 115,975 | |
Prysmian SpA | 3,965 | 149,882 | |
Recordati SpA | 1,627 | 101,790 | |
Snam Rete Gas SpA | 31,388 | 177,685 | |
Telecom Italia SpA | 155,507 | 55,477 | |
Telecom Italia SpA (Risparmio Shares) | 96,331 | 36,581 | |
Terna - Rete Elettrica Naziona | 21,877 | 162,917 | |
UniCredit SpA | 33,178 | 438,153 | |
TOTAL ITALY | 5,005,930 | ||
Japan - 22.5% | |||
ABC-MART, Inc. | 559 | 26,868 | |
ACOM Co. Ltd. | 6,026 | 20,097 | |
Advantest Corp. | 3,133 | 256,868 | |
AEON Co. Ltd. | 10,191 | 234,440 | |
AGC, Inc. | 2,994 | 149,088 | |
Aisin Seiki Co. Ltd. | 2,274 | 83,212 | |
Ajinomoto Co., Inc. | 7,283 | 218,058 | |
Ana Holdings, Inc. (a) | 2,463 | 57,390 | |
Asahi Group Holdings | 7,062 | 320,476 | |
ASAHI INTECC Co. Ltd. | 3,226 | 85,035 | |
Asahi Kasei Corp. | 19,493 | 204,781 | |
Astellas Pharma, Inc. | 29,013 | 489,124 | |
Azbil Corp. | 1,907 | 81,301 | |
Bandai Namco Holdings, Inc. | 3,137 | 239,725 | |
Bridgestone Corp. | 8,884 | 393,022 | |
Brother Industries Ltd. | 3,674 | 71,033 | |
Canon, Inc. | 15,571 | 354,075 | |
Capcom Co. Ltd. | 2,694 | 72,510 | |
Casio Computer Co. Ltd. | 3,026 | 42,821 | |
Central Japan Railway Co. | 2,240 | 332,283 | |
Chiba Bank Ltd. | 8,205 | 50,856 | |
Chubu Electric Power Co., Inc. | 9,995 | 103,460 | |
Chugai Pharmaceutical Co. Ltd. | 10,422 | 389,672 | |
Concordia Financial Group Ltd. | 16,926 | 67,275 | |
Cosmos Pharmaceutical Corp. | 334 | 51,041 | |
CyberAgent, Inc. | 6,272 | 105,091 | |
Dai Nippon Printing Co. Ltd. | 3,405 | 84,359 | |
Dai-ichi Mutual Life Insurance Co. | 15,811 | 332,641 | |
Daifuku Co. Ltd. | 1,570 | 144,533 | |
Daiichi Sankyo Kabushiki Kaisha | 27,246 | 687,481 | |
Daikin Industries Ltd. | 3,917 | 857,881 | |
Daito Trust Construction Co. Ltd. | 1,009 | 125,100 | |
Daiwa House Industry Co. Ltd. | 8,850 | 291,963 | |
Daiwa House REIT Investment Corp. | 34 | 97,568 | |
Daiwa Securities Group, Inc. | 22,456 | 126,161 | |
DENSO Corp. | 6,722 | 487,313 | |
Dentsu Group, Inc. | 3,363 | 122,897 | |
Disco Corp. | 448 | 120,780 | |
East Japan Railway Co. | 4,702 | 292,871 | |
Eisai Co. Ltd. | 3,721 | 263,656 | |
ENEOS Holdings, Inc. | 47,714 | 192,395 | |
FANUC Corp. | 3,021 | 597,014 | |
Fast Retailing Co. Ltd. | 897 | 595,445 | |
Fuji Electric Co. Ltd. | 2,011 | 98,333 | |
FUJIFILM Holdings Corp. | 5,600 | 432,754 | |
Fujitsu Ltd. | 3,028 | 523,329 | |
GLP J-REIT | 64 | 104,393 | |
GMO Payment Gateway, Inc. | 669 | 84,760 | |
Hakuhodo DY Holdings, Inc. | 3,680 | 59,997 | |
Hamamatsu Photonics K.K. | 2,141 | 127,074 | |
Hankyu Hanshin Holdings, Inc. | 3,575 | 110,845 | |
Harmonic Drive Systems, Inc. | 664 | 30,100 | |
Hikari Tsushin, Inc. | 290 | 44,705 | |
Hino Motors Ltd. | 4,479 | 42,370 | |
Hirose Electric Co. Ltd. | 453 | 75,756 | |
Hisamitsu Pharmaceutical Co., Inc. | 785 | 26,782 | |
Hitachi Construction Machinery Co. Ltd. | 1,683 | 53,698 | |
Hitachi Ltd. | 15,025 | 865,809 | |
Hitachi Metals Ltd. (a) | 3,347 | 63,361 | |
Honda Motor Co. Ltd. | 25,338 | 749,444 | |
Hoshizaki Corp. | 884 | 74,336 | |
Hoya Corp. | 5,728 | 843,211 | |
Hulic Co. Ltd. | 5,900 | 56,731 | |
Ibiden Co. Ltd. | 1,677 | 100,764 | |
Idemitsu Kosan Co. Ltd. | 3,207 | 87,591 | |
Iida Group Holdings Co. Ltd. | 2,337 | 57,618 | |
INPEX Corp. | 15,910 | 132,679 | |
Isuzu Motors Ltd. | 9,026 | 121,425 | |
ITO EN Ltd. | 789 | 52,552 | |
Itochu Corp. | 18,550 | 529,062 | |
ITOCHU Techno-Solutions Corp. | 1,465 | 46,278 | |
Japan Airlines Co. Ltd. (a) | 2,237 | 48,143 | |
Japan Exchange Group, Inc. | 7,963 | 188,548 | |
Japan Post Bank Co. Ltd. | 6,362 | 49,636 | |
Japan Post Holdings Co. Ltd. | 38,403 | 295,085 | |
Japan Post Insurance Co. Ltd. | 3,467 | 56,251 | |
Japan Real Estate Investment Corp. | 19 | 116,455 | |
Japan Retail Fund Investment Corp. | 109 | 100,119 | |
Japan Tobacco, Inc. | 18,708 | 367,260 | |
JFE Holdings, Inc. | 7,620 | 116,437 | |
JSR Corp. | 3,141 | 113,923 | |
Kajima Corp. | 6,954 | 85,623 | |
Kakaku.com, Inc. | 2,124 | 70,485 | |
Kansai Electric Power Co., Inc. | 10,980 | 101,094 | |
Kansai Paint Co. Ltd. | 2,791 | 64,628 | |
Kao Corp. | 7,506 | 424,600 | |
KDDI Corp. | 25,100 | 767,558 | |
Keio Corp. | 1,573 | 79,401 | |
Keisei Electric Railway Co. | 2,019 | 64,973 | |
Keyence Corp. | 3,005 | 1,813,862 | |
Kikkoman Corp. | 2,242 | 183,373 | |
Kintetsu Group Holdings Co. Ltd. (a) | 2,687 | 84,581 | |
Kirin Holdings Co. Ltd. | 12,774 | 222,342 | |
Kobayashi Pharmaceutical Co. Ltd. | 781 | 62,532 | |
Kobe Bussan Co. Ltd. | 2,105 | 72,510 | |
Koei Tecmo Holdings Co. Ltd. | 948 | 44,128 | |
Koito Manufacturing Co. Ltd. | 1,672 | 94,866 | |
Komatsu Ltd. | 13,668 | 357,983 | |
Konami Holdings Corp. | 1,455 | 80,069 | |
Kose Corp. | 556 | 64,566 | |
Kubota Corp. | 15,943 | 339,634 | |
Kurita Water Industries Ltd. | 1,565 | 77,298 | |
Kyocera Corp. | 5,038 | 294,960 | |
Kyowa Hakko Kirin Co., Ltd. | 4,247 | 139,676 | |
Lasertec Corp. | 1,125 | 244,030 | |
Lawson, Inc. | 785 | 37,962 | |
Lion Corp. | 3,477 | 57,907 | |
LIXIL Group Corp. | 4,143 | 106,433 | |
M3, Inc. | 6,838 | 402,966 | |
Makita Corp. | 3,473 | 161,189 | |
Marubeni Corp. | 24,372 | 206,804 | |
Mazda Motor Corp. (a) | 8,872 | 79,797 | |
McDonald's Holdings Co. (Japan) Ltd. | 1,214 | 54,256 | |
Medipal Holdings Corp. | 2,896 | 52,395 | |
Meiji Holdings Co. Ltd. | 1,891 | 119,339 | |
Mercari, Inc. (a) | 1,643 | 88,902 | |
Minebea Mitsumi, Inc. | 5,611 | 142,054 | |
Misumi Group, Inc. | 4,467 | 186,827 | |
Mitsubishi Chemical Holdings Corp. | 19,947 | 165,110 | |
Mitsubishi Corp. | 19,635 | 624,353 | |
Mitsubishi Electric Corp. | 28,456 | 382,148 | |
Mitsubishi Estate Co. Ltd. | 18,384 | 279,381 | |
Mitsubishi Gas Chemical Co., Inc. | 2,470 | 49,712 | |
Mitsubishi Heavy Industries Ltd. | 5,012 | 128,171 | |
Mitsubishi UFJ Financial Group, Inc. | 190,321 | 1,043,625 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 10,278 | 51,536 | |
Mitsui & Co. Ltd. | 23,629 | 540,738 | |
Mitsui Chemicals, Inc. | 2,910 | 86,525 | |
Mitsui Fudosan Co. Ltd. | 14,241 | 325,604 | |
Miura Co. Ltd. | 1,350 | 51,928 | |
Mizuho Financial Group, Inc. | 37,499 | 494,911 | |
MonotaRO Co. Ltd. | 3,922 | 89,389 | |
MS&AD Insurance Group Holdings, Inc. | 6,943 | 224,310 | |
Murata Manufacturing Co. Ltd. | 8,961 | 664,714 | |
Nabtesco Corp. | 1,787 | 57,995 | |
NEC Corp. | 3,835 | 196,360 | |
Nexon Co. Ltd. | 7,614 | 129,599 | |
NGK Insulators Ltd. | 4,041 | 67,287 | |
NH Foods Ltd. | 1,339 | 47,090 | |
Nidec Corp. | 6,949 | 769,656 | |
Nihon M&A Center Holdings, Inc. | 4,696 | 144,188 | |
Nintendo Co. Ltd. | 1,787 | 789,241 | |
Nippon Building Fund, Inc. | 23 | 149,430 | |
Nippon Express Co. Ltd. | 1,223 | 76,553 | |
Nippon Paint Holdings Co. Ltd. | 11,105 | 118,822 | |
Nippon Prologis REIT, Inc. | 32 | 106,881 | |
Nippon Sanso Holdings Corp. | 2,350 | 55,480 | |
Nippon Shinyaku Co. Ltd. | 775 | 62,090 | |
Nippon Steel & Sumitomo Metal Corp. | 13,282 | 232,870 | |
Nippon Telegraph & Telephone Corp. | 20,045 | 561,640 | |
Nippon Yusen KK | 2,555 | 184,106 | |
Nissan Chemical Corp. | 1,907 | 106,141 | |
Nissan Motor Co. Ltd. (a) | 36,164 | 184,070 | |
Nisshin Seifun Group, Inc. | 3,120 | 49,267 | |
Nissin Food Holdings Co. Ltd. | 1,006 | 76,899 | |
Nitori Holdings Co. Ltd. | 1,235 | 226,882 | |
Nitto Denko Corp. | 2,163 | 169,017 | |
Nomura Holdings, Inc. | 47,785 | 227,577 | |
Nomura Real Estate Holdings, Inc. | 1,893 | 46,150 | |
Nomura Real Estate Master Fund, Inc. | 66 | 98,833 | |
Nomura Research Institute Ltd. | 5,239 | 209,738 | |
NSK Ltd. | 6,208 | 41,714 | |
NTT Data Corp. | 9,845 | 197,499 | |
Obayashi Corp. | 10,093 | 85,208 | |
OBIC Co. Ltd. | 1,116 | 206,375 | |
Odakyu Electric Railway Co. Ltd. | 4,593 | 99,574 | |
Oji Holdings Corp. | 12,655 | 62,728 | |
Olympus Corp. | 18,153 | 393,249 | |
OMRON Corp. | 2,911 | 278,392 | |
Ono Pharmaceutical Co. Ltd. | 5,721 | 120,037 | |
Oracle Corp. Japan | 564 | 53,368 | |
Oriental Land Co. Ltd. | 3,134 | 494,983 | |
ORIX Corp. | 19,004 | 377,729 | |
ORIX JREIT, Inc. | 41 | 68,023 | |
Osaka Gas Co. Ltd. | 5,836 | 94,065 | |
Otsuka Corp. | 1,775 | 87,430 | |
Otsuka Holdings Co. Ltd. | 6,054 | 239,431 | |
Pan Pacific International Holdings Ltd. | 6,394 | 134,254 | |
Panasonic Corp. | 34,409 | 425,503 | |
PeptiDream, Inc. (a) | 1,459 | 35,267 | |
Persol Holdings Co. Ltd. | 2,800 | 75,260 | |
Pigeon Corp. | 1,791 | 41,473 | |
Pola Orbis Holdings, Inc. | 1,448 | 30,917 | |
Rakuten Group, Inc. | 13,446 | 147,207 | |
Recruit Holdings Co. Ltd. | 21,073 | 1,401,755 | |
Renesas Electronics Corp. (a) | 19,503 | 239,915 | |
Resona Holdings, Inc. | 33,177 | 124,633 | |
Ricoh Co. Ltd. | 10,425 | 101,517 | |
Rinnai Corp. | 562 | 57,702 | |
ROHM Co. Ltd. | 1,346 | 123,075 | |
Ryohin Keikaku Co. Ltd. | 3,904 | 76,933 | |
Santen Pharmaceutical Co. Ltd. | 5,609 | 79,059 | |
SBI Holdings, Inc. Japan | 3,797 | 98,416 | |
SCSK Corp. | 2,458 | 49,743 | |
Secom Co. Ltd. | 3,249 | 221,492 | |
Seiko Epson Corp. | 4,344 | 77,350 | |
Sekisui Chemical Co. Ltd. | 5,898 | 96,897 | |
Sekisui House Ltd. | 9,534 | 198,219 | |
Seven & i Holdings Co. Ltd. | 11,759 | 493,699 | |
SG Holdings Co. Ltd. | 4,937 | 123,973 | |
Sharp Corp. | 3,360 | 39,632 | |
Shimadzu Corp. | 3,674 | 149,264 | |
SHIMANO, Inc. | 1,124 | 313,611 | |
SHIMIZU Corp. | 8,623 | 63,179 | |
Shin-Etsu Chemical Co. Ltd. | 5,494 | 979,762 | |
Shionogi & Co. Ltd. | 4,141 | 269,994 | |
Shiseido Co. Ltd. | 6,269 | 418,311 | |
Shizuoka Bank Ltd. | 6,899 | 55,553 | |
SMC Corp. | 896 | 534,702 | |
SoftBank Corp. | 44,713 | 610,318 | |
SoftBank Group Corp. | 18,824 | 1,019,083 | |
Sohgo Security Services Co., Ltd. | 1,121 | 47,961 | |
Sompo Holdings, Inc. | 4,959 | 215,056 | |
Sony Group Corp. | 19,613 | 2,271,114 | |
Square Enix Holdings Co. Ltd. | 1,355 | 74,227 | |
Stanley Electric Co. Ltd. | 2,011 | 50,688 | |
Subaru Corp. | 9,528 | 186,890 | |
Sumco Corp. | 5,149 | 98,390 | |
Sumitomo Chemical Co. Ltd. | 23,226 | 114,419 | |
Sumitomo Corp. | 17,475 | 249,013 | |
Sumitomo Dainippon Pharma Co., Ltd. | 2,735 | 38,677 | |
Sumitomo Electric Industries Ltd. | 11,744 | 155,877 | |
Sumitomo Metal Mining Co. Ltd. | 3,886 | 150,747 | |
Sumitomo Mitsui Financial Group, Inc. | 20,287 | 658,306 | |
Sumitomo Mitsui Trust Holdings, Inc. | 5,255 | 172,857 | |
Sumitomo Realty & Development Co. Ltd. | 4,822 | 174,267 | |
Suntory Beverage & Food Ltd. | 2,232 | 86,607 | |
Suzuki Motor Corp. | 5,718 | 255,005 | |
Sysmex Corp. | 2,580 | 319,897 | |
T&D Holdings, Inc. | 8,396 | 107,684 | |
Taisei Corp. | 3,016 | 94,639 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 614 | 32,948 | |
Takeda Pharmaceutical Co. Ltd. | 24,578 | 689,802 | |
TDK Corp. | 6,051 | 219,972 | |
Terumo Corp. | 10,080 | 444,687 | |
THK Co. Ltd. | 1,906 | 40,986 | |
TIS, Inc. | 3,472 | 94,587 | |
Tobu Railway Co. Ltd. | 2,915 | 72,577 | |
Toho Co. Ltd. | 1,790 | 84,102 | |
Toho Gas Co. Ltd. | 1,125 | 33,325 | |
Tohoku Electric Power Co., Inc. | 6,697 | 43,451 | |
Tokio Marine Holdings, Inc. | 9,756 | 513,849 | |
Tokyo Century Corp. | 573 | 32,808 | |
Tokyo Electric Power Co., Inc. (a) | 23,725 | 65,718 | |
Tokyo Electron Ltd. | 2,350 | 1,095,178 | |
Tokyo Gas Co. Ltd. | 5,815 | 100,907 | |
Tokyu Corp. | 7,817 | 110,206 | |
Toppan, Inc. | 4,038 | 65,182 | |
Toray Industries, Inc. | 21,602 | 134,613 | |
Toshiba Corp. | 6,344 | 273,630 | |
Tosoh Corp. | 4,027 | 67,819 | |
Toto Ltd. | 2,235 | 107,982 | |
Toyo Suisan Kaisha Ltd. | 1,447 | 62,350 | |
Toyota Industries Corp. | 2,241 | 190,513 | |
Toyota Motor Corp. | 165,090 | 2,912,875 | |
Toyota Tsusho Corp. | 3,257 | 141,276 | |
Trend Micro, Inc. | 2,120 | 119,823 | |
Tsuruha Holdings, Inc. | 660 | 81,408 | |
Unicharm Corp. | 6,274 | 253,738 | |
United Urban Investment Corp. | 46 | 57,342 | |
USS Co. Ltd. | 3,468 | 55,898 | |
Welcia Holdings Co. Ltd. | 1,455 | 54,317 | |
West Japan Railway Co. | 3,370 | 159,083 | |
Yakult Honsha Co. Ltd. | 2,014 | 101,764 | |
Yamada Holdings Co. Ltd. | 10,615 | 40,563 | |
Yamaha Corp. | 2,123 | 134,127 | |
Yamaha Motor Co. Ltd. | 4,672 | 130,226 | |
Yamato Holdings Co. Ltd. | 4,512 | 110,919 | |
Yaskawa Electric Corp. | 3,698 | 160,168 | |
Yokogawa Electric Corp. | 3,579 | 71,516 | |
Z Holdings Corp. | 41,717 | 258,980 | |
ZOZO, Inc. | 1,982 | 63,619 | |
TOTAL JAPAN | 61,659,522 | ||
Luxembourg - 0.3% | |||
ArcelorMittal SA (Netherlands) | 11,158 | 378,253 | |
Aroundtown SA | 15,549 | 108,028 | |
Eurofins Scientific SA | 2,079 | 244,995 | |
InPost SA | 3,114 | 44,407 | |
Tenaris SA | 7,374 | 82,119 | |
TOTAL LUXEMBOURG | 857,802 | ||
Multi-National - 0.0% | |||
HK Electric Investments & HK Electric Investments Ltd. unit | 42,254 | 42,088 | |
HKT Trust/HKT Ltd. unit | 59,292 | 80,473 | |
TOTAL MULTI-NATIONAL | 122,561 | ||
Netherlands - 6.3% | |||
ABN AMRO Group NV GDR (b) | 6,581 | 96,815 | |
Adyen BV (a)(b) | 308 | 929,332 | |
AEGON NV | 27,842 | 141,223 | |
Airbus Group NV (a) | 9,178 | 1,177,373 | |
Akzo Nobel NV | 2,966 | 340,881 | |
Argenx SE (a) | 714 | 214,956 | |
ASM International NV (Netherlands) | 736 | 333,009 | |
ASML Holding NV (Netherlands) | 6,531 | 5,309,052 | |
CNH Industrial NV | 15,927 | 274,885 | |
Davide Campari Milano NV | 8,132 | 115,439 | |
EXOR NV | 1,688 | 159,033 | |
Ferrari NV | 1,963 | 465,192 | |
Heineken Holding NV | 1,792 | 166,138 | |
Heineken NV (Bearer) | 4,035 | 446,949 | |
ING Groep NV (Certificaten Van Aandelen) | 60,777 | 921,921 | |
JDE Peet's BV | 1,188 | 34,594 | |
Just Eat Takeaway.com NV (a)(b) | 2,793 | 200,567 | |
Koninklijke Ahold Delhaize NV | 16,275 | 529,235 | |
Koninklijke DSM NV | 2,721 | 594,652 | |
Koninklijke KPN NV | 52,320 | 156,329 | |
Koninklijke Philips Electronics NV | 14,184 | 669,133 | |
Koninklijke Vopak NV | 1,107 | 44,021 | |
NN Group NV | 4,203 | 225,054 | |
Prosus NV | 14,528 | 1,279,899 | |
Prosus NV rights (a)(d) | 14,528 | 2,351 | |
QIAGEN NV (Germany) (a) | 3,557 | 195,685 | |
Randstad NV | 1,861 | 133,812 | |
Stellantis NV (Italy) | 31,616 | 630,455 | |
STMicroelectronics NV (France) | 10,632 | 504,795 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit (a) | 1,940 | 138,618 | |
Universal Music Group NV | 11,292 | 327,840 | |
Wolters Kluwer NV | 4,165 | 436,408 | |
TOTAL NETHERLANDS | 17,195,646 | ||
New Zealand - 0.3% | |||
Auckland International Airport Ltd. (a) | 19,463 | 111,438 | |
Fisher & Paykel Healthcare Corp. | 8,973 | 200,682 | |
Mercury Nz Ltd. | 10,741 | 47,221 | |
Meridian Energy Ltd. | 20,092 | 71,846 | |
Ryman Healthcare Group Ltd. | 6,610 | 68,446 | |
Spark New Zealand Ltd. | 28,915 | 94,589 | |
The a2 Milk Co. Ltd. (a) | 11,570 | 54,472 | |
Xero Ltd. (a) | 2,073 | 233,148 | |
TOTAL NEW ZEALAND | 881,842 | ||
Norway - 0.7% | |||
Adevinta ASA Class B (a) | 4,270 | 70,283 | |
DNB Bank ASA | 14,484 | 344,273 | |
Equinor ASA | 15,215 | 384,972 | |
Gjensidige Forsikring ASA | 3,116 | 77,495 | |
Mowi ASA | 6,840 | 198,045 | |
Norsk Hydro ASA | 20,930 | 153,741 | |
Orkla ASA | 11,683 | 113,623 | |
Schibsted ASA: | |||
(A Shares) | 1,125 | 58,022 | |
(B Shares) | 1,531 | 69,121 | |
Telenor ASA | 10,893 | 171,946 | |
Yara International ASA | 2,713 | 141,561 | |
TOTAL NORWAY | 1,783,082 | ||
Papua New Guinea - 0.0% | |||
Oil Search Ltd. ADR | 30,722 | 99,145 | |
Portugal - 0.2% | |||
Energias de Portugal SA | 43,207 | 243,943 | |
Galp Energia SGPS SA Class B | 7,803 | 81,057 | |
Jeronimo Martins SGPS SA | 3,916 | 88,727 | |
TOTAL PORTUGAL | 413,727 | ||
Singapore - 1.0% | |||
Ascendas Real Estate Investment Trust | 51,751 | 118,584 | |
CapitaLand Investment Ltd. (a) | 41,053 | 104,725 | |
CapitaMall Trust | 75,523 | 120,411 | |
City Developments Ltd. | 6,568 | 35,653 | |
DBS Group Holdings Ltd. | 28,098 | 656,974 | |
Genting Singapore Ltd. | 94,894 | 54,889 | |
Keppel Corp. Ltd. | 22,616 | 90,229 | |
Mapletree Commercial Trust | 33,677 | 54,443 | |
Mapletree Logistics Trust (REIT) | 46,643 | 69,869 | |
Oversea-Chinese Banking Corp. Ltd. | 52,328 | 457,894 | |
Singapore Airlines Ltd. (a) | 20,962 | 80,832 | |
Singapore Exchange Ltd. | 12,489 | 89,650 | |
Singapore Technologies Engineering Ltd. | 24,193 | 68,713 | |
Singapore Telecommunications Ltd. | 128,362 | 237,972 | |
United Overseas Bank Ltd. | 18,366 | 364,324 | |
UOL Group Ltd. | 7,444 | 39,911 | |
Venture Corp. Ltd. | 4,257 | 59,380 | |
Wilmar International Ltd. | 29,822 | 95,537 | |
TOTAL SINGAPORE | 2,799,990 | ||
Spain - 2.4% | |||
ACS Actividades de Construccion y Servicios SA | 3,818 | 99,880 | |
Aena SME SA (a)(b) | 1,168 | 191,828 | |
Amadeus IT Holding SA Class A (a) | 7,014 | 468,977 | |
Banco Bilbao Vizcaya Argentaria SA | 103,808 | 726,462 | |
Banco Santander SA (Spain) | 269,960 | 1,022,510 | |
CaixaBank SA | 69,023 | 198,418 | |
Cellnex Telecom SA (b) | 7,932 | 487,628 | |
EDP Renovaveis SA | 4,486 | 124,978 | |
Enagas SA | 3,872 | 86,857 | |
Endesa SA | 4,943 | 113,968 | |
Ferrovial SA | 7,416 | 233,697 | |
Grifols SA | 4,646 | 106,315 | |
Iberdrola SA | 92,173 | 1,089,410 | |
Industria de Diseno Textil SA | 16,981 | 613,242 | |
Naturgy Energy Group SA | 3,019 | 79,327 | |
Red Electrica Corporacion SA | 6,730 | 140,116 | |
Repsol SA | 22,583 | 289,255 | |
Siemens Gamesa Renewable Energy SA (a) | 3,712 | 100,540 | |
Telefonica SA | 80,078 | 347,832 | |
TOTAL SPAIN | 6,521,240 | ||
Sweden - 3.5% | |||
Alfa Laval AB | 4,897 | 209,668 | |
ASSA ABLOY AB (B Shares) | 15,605 | 457,892 | |
Atlas Copco AB: | |||
(A Shares) | 10,449 | 671,374 | |
(B Shares) | 6,082 | 328,958 | |
Boliden AB | 4,257 | 150,145 | |
Electrolux AB (B Shares) | 3,509 | 79,635 | |
Embracer Group AB (a) | 7,275 | 67,633 | |
Epiroc AB: | |||
(A Shares) | 10,284 | 255,903 | |
(B Shares) | 6,041 | 128,375 | |
EQT AB | 4,607 | 242,796 | |
Ericsson (B Shares) | 45,441 | 496,007 | |
Essity AB (B Shares) | 9,472 | 306,395 | |
Evolution AB (b) | 2,645 | 427,857 | |
Fastighets AB Balder (a) | 1,637 | 118,601 | |
H&M Hennes & Mauritz AB (B Shares) (c) | 11,368 | 213,143 | |
Hexagon AB (B Shares) | 30,677 | 493,706 | |
Husqvarna AB (B Shares) | 6,512 | 92,622 | |
ICA Gruppen AB | 1,568 | 81,066 | |
Industrivarden AB: | |||
(A Shares) | 2,036 | 67,140 | |
(C Shares) | 2,463 | 79,987 | |
Investor AB (B Shares) | 28,372 | 653,798 | |
Kinnevik AB (B Shares) (a) | 3,766 | 147,627 | |
L E Lundbergforetagen AB | 1,183 | 68,131 | |
Latour Investment AB (B Shares) | 2,305 | 83,525 | |
Lundin Petroleum AB | 3,116 | 123,073 | |
Nibe Industrier AB (B Shares) | 22,206 | 330,582 | |
Sandvik AB | 17,575 | 445,679 | |
Securitas AB (B Shares) | 4,876 | 80,623 | |
Sinch AB (a)(b) | 7,877 | 149,368 | |
Skandinaviska Enskilda Banken AB (A Shares) | 25,339 | 396,106 | |
Skanska AB (B Shares) | 5,296 | 134,435 | |
SKF AB (B Shares) | 5,940 | 137,641 | |
Svenska Cellulosa AB SCA (B Shares) | 9,431 | 147,044 | |
Svenska Handelsbanken AB (A Shares) | 22,709 | 260,298 | |
Swedbank AB (A Shares) | 14,100 | 305,774 | |
Swedish Match Co. AB | 24,596 | 216,461 | |
Tele2 AB (B Shares) | 7,795 | 109,963 | |
Telia Co. AB (c) | 41,356 | 162,742 | |
Volvo AB: | |||
(A Shares) | 3,201 | 75,590 | |
(B Shares) | 22,172 | 516,142 | |
TOTAL SWEDEN | 9,513,505 | ||
Switzerland - 9.8% | |||
ABB Ltd. (Reg.) | 27,003 | 893,347 | |
Adecco SA (Reg.) | 2,412 | 121,364 | |
Alcon, Inc. (Switzerland) | 7,779 | 642,813 | |
Baloise Holdings AG | 721 | 114,969 | |
Banque Cantonale Vaudoise | 478 | 38,476 | |
Barry Callebaut AG | 55 | 127,228 | |
Clariant AG (Reg.) | 3,353 | 70,532 | |
Coca-Cola HBC AG | 3,121 | 108,191 | |
Compagnie Financiere Richemont SA Series A | 8,127 | 1,005,720 | |
Credit Suisse Group AG | 39,713 | 413,083 | |
Ems-Chemie Holding AG | 109 | 108,036 | |
Geberit AG (Reg.) | 577 | 450,458 | |
Givaudan SA | 144 | 677,693 | |
Holcim Ltd. | 8,150 | 406,877 | |
Julius Baer Group Ltd. | 3,484 | 252,005 | |
Kuehne & Nagel International AG | 846 | 266,385 | |
Lindt & Spruengli AG | 2 | 240,061 | |
Lindt & Spruengli AG (participation certificate) | 13 | 153,200 | |
Logitech International SA (Reg.) | 2,695 | 224,348 | |
Lonza Group AG | 1,159 | 950,137 | |
Nestle SA (Reg. S) | 44,851 | 5,916,171 | |
Novartis AG | 34,568 | 2,859,214 | |
Partners Group Holding AG | 353 | 615,899 | |
Roche Holding AG: | |||
(Bearer) | 497 | 213,326 | |
(participation certificate) | 10,939 | 4,237,705 | |
Schindler Holding AG: | |||
(participation certificate) | 633 | 164,680 | |
(Reg.) | 314 | 80,523 | |
SGS SA (Reg.) | 94 | 278,017 | |
Siemens Energy AG (a) | 6,221 | 178,492 | |
Sika AG | 2,207 | 747,237 | |
Sonova Holding AG | 852 | 352,022 | |
Straumann Holding AG | 161 | 334,450 | |
Swatch Group AG (Bearer) | 452 | 124,009 | |
Swatch Group AG (Bearer) (Reg.) | 810 | 43,030 | |
Swiss Life Holding AG | 498 | 273,367 | |
Swiss Prime Site AG | 1,181 | 119,957 | |
Swiss Re Ltd. | 4,695 | 454,527 | |
Swisscom AG | 403 | 219,370 | |
Temenos Group AG | 1,040 | 158,851 | |
UBS Group AG | 57,077 | 1,037,622 | |
Vifor Pharma AG | 759 | 97,901 | |
Zurich Insurance Group Ltd. | 2,342 | 1,038,023 | |
TOTAL SWITZERLAND | 26,809,316 | ||
United Kingdom - 13.3% | |||
3i Group PLC | 15,153 | 282,861 | |
Abrdn PLC | 33,956 | 118,035 | |
Admiral Group PLC | 3,006 | 118,068 | |
Anglo American PLC (United Kingdom) | 20,160 | 766,947 | |
Antofagasta PLC | 6,138 | 119,744 | |
Ashtead Group PLC | 6,988 | 585,664 | |
Associated British Foods PLC | 5,542 | 135,611 | |
AstraZeneca PLC (United Kingdom) | 24,117 | 3,017,069 | |
Auto Trader Group PLC (b) | 15,050 | 124,771 | |
Aveva Group PLC | 1,877 | 91,397 | |
Aviva PLC | 61,176 | 330,452 | |
BAE Systems PLC | 50,246 | 378,863 | |
Barclays PLC | 264,562 | 730,052 | |
Barratt Developments PLC | 15,844 | 143,760 | |
Berkeley Group Holdings PLC | 1,746 | 104,062 | |
BHP Group PLC | 32,880 | 868,412 | |
BP PLC | 315,144 | 1,509,824 | |
British American Tobacco PLC (United Kingdom) | 33,937 | 1,180,478 | |
British Land Co. PLC | 13,703 | 92,697 | |
BT Group PLC (a) | 138,955 | 264,142 | |
Bunzl PLC | 5,248 | 194,062 | |
Burberry Group PLC | 6,303 | 166,395 | |
Compass Group PLC (a) | 27,777 | 589,446 | |
Croda International PLC | 2,172 | 281,138 | |
Diageo PLC | 36,409 | 1,811,409 | |
Direct Line Insurance Group PLC | 21,030 | 84,154 | |
Evraz PLC | 8,007 | 68,115 | |
GlaxoSmithKline PLC | 78,337 | 1,626,341 | |
Halma PLC | 5,912 | 239,652 | |
Hargreaves Lansdown PLC | 5,539 | 116,511 | |
Hikma Pharmaceuticals PLC | 2,694 | 88,743 | |
HSBC Holdings PLC (United Kingdom) | 318,009 | 1,916,058 | |
Imperial Brands PLC | 14,731 | 310,869 | |
Informa PLC (a) | 23,401 | 166,340 | |
InterContinental Hotel Group PLC (a) | 2,853 | 199,844 | |
Intertek Group PLC | 2,513 | 168,347 | |
J Sainsbury PLC | 26,102 | 106,951 | |
JD Sports Fashion PLC | 8,029 | 119,550 | |
Johnson Matthey PLC | 3,012 | 112,656 | |
Kingfisher PLC | 32,855 | 150,791 | |
Land Securities Group PLC | 10,963 | 103,073 | |
Legal & General Group PLC | 92,913 | 367,354 | |
Lloyds Banking Group PLC | 1,104,783 | 756,092 | |
London Stock Exchange Group PLC | 5,122 | 498,595 | |
M&G PLC | 40,471 | 110,662 | |
Melrose Industries PLC | 68,070 | 147,002 | |
Mondi PLC | 7,560 | 188,819 | |
National Grid PLC | 55,339 | 708,536 | |
NatWest Group PLC | 90,112 | 272,667 | |
Next PLC | 2,070 | 225,669 | |
NMC Health PLC (a) | 941 | 179 | |
Ocado Group PLC (a) | 7,585 | 187,160 | |
Pearson PLC | 11,774 | 96,884 | |
Persimmon PLC | 4,965 | 184,888 | |
Phoenix Group Holdings PLC | 10,115 | 90,892 | |
Prudential PLC (a) | 40,723 | 832,907 | |
Reckitt Benckiser Group PLC | 11,106 | 901,616 | |
RELX PLC (London Stock Exchange) | 30,100 | 932,618 | |
Rentokil Initial PLC | 28,948 | 233,105 | |
Rio Tinto PLC | 17,483 | 1,090,091 | |
Rolls-Royce Holdings PLC (a) | 130,269 | 235,115 | |
Royal Dutch Shell PLC: | |||
Class A (United Kingdom) | 63,829 | 1,462,251 | |
Class B (United Kingdom) | 57,719 | 1,324,577 | |
Sage Group PLC | 16,741 | 162,851 | |
Schroders PLC | 1,936 | 95,912 | |
Segro PLC | 18,691 | 330,616 | |
Severn Trent PLC | 3,888 | 145,687 | |
Smith & Nephew PLC | 13,687 | 236,376 | |
Smiths Group PLC | 6,170 | 114,458 | |
Spirax-Sarco Engineering PLC | 1,148 | 245,169 | |
SSE PLC | 16,234 | 365,583 | |
St. James's Place Capital PLC | 8,397 | 181,512 | |
Standard Chartered PLC (United Kingdom) | 41,274 | 279,547 | |
Taylor Wimpey PLC | 56,725 | 119,979 | |
Tesco PLC | 120,347 | 444,353 | |
Unilever PLC | 40,789 | 2,183,920 | |
United Utilities Group PLC | 10,611 | 150,808 | |
Vodafone Group PLC | 435,314 | 641,589 | |
Whitbread PLC (a) | 3,144 | 140,699 | |
TOTAL UNITED KINGDOM | 36,270,092 | ||
United States of America - 0.1% | |||
Coca-Cola European Partners PLC | 3,186 | 167,743 | |
TOTAL COMMON STOCKS | |||
(Cost $230,458,852) | 266,883,574 | ||
Nonconvertible Preferred Stocks - 0.6% | |||
Germany - 0.6% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 926 | 78,786 | |
Fuchs Petrolub AG | 1,082 | 51,833 | |
Henkel AG & Co. KGaA | 2,741 | 245,186 | |
Porsche Automobil Holding SE (Germany) | 2,384 | 248,118 | |
Sartorius AG (non-vtg.) | 408 | 264,312 | |
Volkswagen AG | 2,894 | 648,418 | |
TOTAL NONCONVERTIBLE PREFERRED STOCK | |||
(Cost $1,250,337) | 1,536,653 | ||
Money Market Funds - 1.9% | |||
Fidelity Cash Central Fund 0.06% (e) | 4,834,327 | 4,835,293 | |
Fidelity Securities Lending Cash Central Fund 0.06% (e)(f) | 410,784 | 410,825 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $5,246,118) | 5,246,118 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% | |||
(Cost $236,955,307) | 273,666,345 | ||
NET OTHER ASSETS (LIABILITIES) - 0.0% | (13,212) | ||
NET ASSETS - 100% | $273,653,133 |
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) | 45 | Dec. 2021 | $5,264,100 | $93,038 | $93,038 |
The notional amount of futures purchased as a percentage of Net Assets is 1.9%
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $5,213,225 or 1.9% of net assets.
(c) Security or a portion of the security is on loan at period end.
(d) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
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% | $2,168,970 | $93,939,787 | $91,273,464 | $3,997 | $-- | $-- | $4,835,293 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | 94,325 | 9,244,819 | 8,928,319 | 42,642 | -- | -- | 410,825 | 0.0% |
Total | $2,263,295 | $103,184,606 | $100,201,783 | $46,639 | $-- | $-- | $5,246,118 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $12,213,601 | $4,290,743 | $7,922,858 | $-- |
Consumer Discretionary | 34,603,652 | 15,437,216 | 19,166,436 | -- |
Consumer Staples | 27,412,855 | 7,502,727 | 19,910,128 | -- |
Energy | 9,412,649 | 1,740,221 | 7,672,428 | -- |
Financials | 46,767,748 | 25,517,646 | 21,250,102 | -- |
Health Care | 34,014,454 | 9,325,331 | 24,689,123 | -- |
Industrials | 41,868,699 | 18,895,103 | 22,973,596 | -- |
Information Technology | 25,919,917 | 4,484,243 | 21,435,674 | -- |
Materials | 19,619,808 | 8,627,125 | 10,992,683 | -- |
Real Estate | 7,553,139 | 4,994,642 | 2,558,497 | -- |
Utilities | 9,033,705 | 4,744,811 | 4,288,894 | -- |
Money Market Funds | 5,246,118 | 5,246,118 | -- | -- |
Total Investments in Securities: | $273,666,345 | $110,805,926 | $162,860,419 | $-- |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $93,038 | $93,038 | $-- | $-- |
Total Assets | $93,038 | $93,038 | $-- | $-- |
Total Derivative Instruments: | $93,038 | $93,038 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $93,038 | $0 |
Total Equity Risk | 93,038 | 0 |
Total Value of Derivatives | $93,038 | $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
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $374,474) — See accompanying schedule: Unaffiliated issuers (cost $231,709,189) | $268,420,227 | |
Fidelity Central Funds (cost $5,246,118) | 5,246,118 | |
Total Investment in Securities (cost $236,955,307) | $273,666,345 | |
Segregated cash with brokers for derivative instruments | 296,891 | |
Foreign currency held at value (cost $64,049) | 63,941 | |
Receivable for investments sold | 147,317 | |
Receivable for fund shares sold | 802,859 | |
Dividends receivable | 571,444 | |
Reclaims receivable | 293,913 | |
Distributions receivable from Fidelity Central Funds | 837 | |
Total assets | 275,843,547 | |
Liabilities | ||
Payable for investments purchased | ||
Regular delivery | $106,673 | |
Delayed delivery | 2,351 | |
Payable for fund shares redeemed | 1,544,373 | |
Accrued management fee | 9,047 | |
Payable for daily variation margin on futures contracts | 33,188 | |
Other payables and accrued expenses | 83,957 | |
Collateral on securities loaned | 410,825 | |
Total liabilities | 2,190,414 | |
Net Assets | $273,653,133 | |
Net Assets consist of: | ||
Paid in capital | $233,581,113 | |
Total accumulated earnings (loss) | 40,072,020 | |
Net Assets | $273,653,133 | |
Net Asset Value, offering price and redemption price per share ($273,653,133 ÷ 21,811,576 shares) | $12.55 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2021 | ||
Investment Income | ||
Dividends | $5,717,131 | |
Non-Cash dividends | 627,006 | |
Interest | 399 | |
Income from Fidelity Central Funds (including $42,642 from security lending) | 46,639 | |
Income before foreign taxes withheld | 6,391,175 | |
Less foreign taxes withheld | (650,122) | |
Total income | 5,741,053 | |
Expenses | ||
Custodian fees and expenses | $126,941 | |
Independent trustees' fees and expenses | 744 | |
Total expenses before reductions | 127,685 | |
Expense reductions | (99,723) | |
Total expenses after reductions | 27,962 | |
Net investment income (loss) | 5,713,091 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | (993,414) | |
Foreign currency transactions | 12,429 | |
Futures contracts | 941,247 | |
Total net realized gain (loss) | (39,738) | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 41,570,706 | |
Assets and liabilities in foreign currencies | (13,250) | |
Futures contracts | 254,146 | |
Total change in net unrealized appreciation (depreciation) | 41,811,602 | |
Net gain (loss) | 41,771,864 | |
Net increase (decrease) in net assets resulting from operations | $47,484,955 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2021 | Year ended October 31, 2020 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $5,713,091 | $2,963,577 |
Net realized gain (loss) | (39,738) | (1,743,743) |
Change in net unrealized appreciation (depreciation) | 41,811,602 | (8,323,243) |
Net increase (decrease) in net assets resulting from operations | 47,484,955 | (7,103,409) |
Distributions to shareholders | (2,911,605) | (2,090,585) |
Share transactions | ||
Proceeds from sales of shares | 124,316,809 | 58,502,909 |
Reinvestment of distributions | 2,911,605 | 2,090,585 |
Cost of shares redeemed | (27,378,788) | (24,758,269) |
Net increase (decrease) in net assets resulting from share transactions | 99,849,626 | 35,835,225 |
Total increase (decrease) in net assets | 144,422,976 | 26,641,231 |
Net Assets | ||
Beginning of period | 129,230,157 | 102,588,926 |
End of period | $273,653,133 | $129,230,157 |
Other Information | ||
Shares | ||
Sold | 10,345,101 | 6,056,616 |
Issued in reinvestment of distributions | 264,932 | 201,018 |
Redeemed | (2,344,720) | (2,563,671) |
Net increase (decrease) | 8,265,313 | 3,693,963 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity Series International Index Fund
Years ended October 31, | 2021 | 2020 | 2019 | 2018 A |
Selected Per–Share Data | ||||
Net asset value, beginning of period | $9.54 | $10.41 | $9.43 | $10.00 |
Income from Investment Operations | ||||
Net investment income (loss)B | .33 | .24 | .33 | .05 |
Net realized and unrealized gain (loss) | 2.90 | (.90) | .71 | (.62) |
Total from investment operations | 3.23 | (.66) | 1.04 | (.57) |
Distributions from net investment income | (.22) | (.20) | (.06) | – |
Distributions from net realized gain | – | (.01) | – | – |
Total distributions | (.22) | (.21) | (.06) | – |
Net asset value, end of period | $12.55 | $9.54 | $10.41 | $9.43 |
Total ReturnC,D | 34.15% | (6.52)% | 11.06% | (5.70)% |
Ratios to Average Net AssetsE,F | ||||
Expenses before reductions | .06% | .11% | .24% | 1.18%G |
Expenses net of fee waivers, if any | .01% | .02% | .01% | .01%G |
Expenses net of all reductions | .01% | .02% | .01% | .01%G |
Net investment income (loss) | 2.73% | 2.47% | 3.33% | 2.29%G |
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $273,653 | $129,230 | $102,589 | $9,630 |
Portfolio turnover rateH | 6%I | 3% | 2% | 1%J |
A For the period August 17, 2018 (commencement of operations) through October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Annualized
H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
I Portfolio turnover rate excludes securities received or delivered in-kind.
J Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended October 31, 2021
1. Organization.
Fidelity Series International Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. Shares are offered only to certain other Fidelity funds and Fidelity managed 529 plans. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.
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% |
(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 October 31, 2021 is included at the end of the Fund's Schedule of Investments.
Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. 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 taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.
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. As of October 31, 2021, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, partnerships, passive foreign investment companies (PFIC), 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 | $46,942,145 |
Gross unrealized depreciation | (12,171,797 ) |
Net unrealized appreciation (depreciation) | $34,770,348 |
Tax Cost | $238,895,997 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $6,107,083 |
Capital loss carryforward | $(802,085) |
Net unrealized appreciation (depreciation) on securities and other investments | $34,767,023 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.
No expiration | |
Short-term | $(224,047) |
Long-term | (578,038) |
Total capital loss carryforward | $(802,085) |
The tax character of distributions paid was as follows:
October 31, 2021 | October 31, 2020 | |
Ordinary Income | $2,911,605 | $ 2,090,585 |
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 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 International Index Fund | 85,833,660 | 11,036,449 |
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 ($) | |
Fidelity Series International Index Fund | 2,414,477 | 27,766,481 |
6. Fees and Other Transactions with Affiliates.
Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund does not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Fund, except custody fees, fees and expenses of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by the investment adviser for providing these services.
Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. During the period there were no interfund trades.
Other. During the period, the investment adviser reimbursed the Fund for certain losses as follows:
Amount ($) | |
Fidelity Series International Index Fund | 6,993 |
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 International Index Fund | $2,949 | $– | $– |
9. Expense Reductions.
The investment adviser contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded .013% of average net assets. This reimbursement will remain in place through February 28, 2025. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $99,723.
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 and accounts managed by FMR or its affiliates were the owners of record of all of the outstanding shares of the Fund.
11. Coronavirus (COVID-19) Pandemic.
An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Fund's performance.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity Series International Index Fund
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statement of assets and liabilities of Fidelity Series International Index Fund (the "Fund"), a fund of Fidelity Concord Street Trust, including the schedule of investments, as of October 31, 2021, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the three years in the period then ended and for the period from August 17, 2018 (commencement of operations) through October 31, 2018, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2021, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the three years in the period then ended and for the period from August 17, 2018 (commencement of operations) through October 31, 2018 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2021, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
December 16, 2021
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 318 funds. Mr. Chiel oversees 179 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
The fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Bettina Doulton (1964)
Year of Election or Appointment: 2021
Trustee
Ms. Doulton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Thomas P. Bostick (1956)
Year of Election or Appointment: 2021
Trustee
Lieutenant General Bostick also serves as Trustee of other Fidelity® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present) and Managing Partner, Sustainability, of Ridge-Lane Limited Partners (strategic advisory and venture development, 2016-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York and a member of the Board of NYC Leadership Academy (2012-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2021
Trustee
Mr. Kennedy also serves as Trustee of other Fidelity® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Oscar Munoz (1959)
Year of Election or Appointment: 2021
Trustee
Mr. Munoz also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present) and a member of the Advisory Board of Salesforce.com, Inc. (cloud-based software, 2020-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Investment Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Brett Segaloff (1972)
Year of Election or Appointment: 2021
Anti-Money Laundering (AML) Officer
Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).
Shareholder Expense Example
As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2021 to October 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. In addition, if these transactional costs were included, your costs would have been higher.
Annualized Expense Ratio-A | Beginning Account Value May 1, 2021 | Ending Account Value October 31, 2021 | Expenses Paid During Period-B May 1, 2021 to October 31, 2021 | |
Fidelity Series International Index Fund | .01% | |||
Actual | $1,000.00 | $1,043.20 | $.05 | |
Hypothetical-C | $1,000.00 | $1,025.16 | $.05 |
A Annualized expense ratio reflects expenses net of applicable fee waivers.
B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 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
Distributions (Unaudited)
The fund designates 94% of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
The fund will notify shareholders in January 2022 of amounts for use in preparing 2021 income tax returns.
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity Series International 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 representatives 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 0.013% through February 29, 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.Board Approval of Investment Advisory Contracts
Fidelity Series 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 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 also considered that FMR undertakes to pay all operating expenses of the fund with certain 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 bears all expenses of the fund, with certain 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 will continue to bear all expenses of the fund with certain 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.IIF-ANN-1221
1.9891249.103
Fidelity ZERO® Extended Market Index Fund
Fidelity ZERO® International Index Fund
Fidelity ZERO® Large Cap Index Fund
Fidelity ZERO® Total Market Index Fund
October 31, 2021
Contents
Fidelity ZERO® Extended Market Index Fund | |
Fidelity ZERO® International Index Fund | |
Fidelity ZERO® Large Cap Index Fund | |
Fidelity ZERO® Total Market 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 Fidelity Product Services LLC (FPS), and FPS 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 relationship between FPS and any related funds.
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 ZERO® Extended Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2021 | Past 1 year | Life of fundA |
Fidelity ZERO® Extended Market Index Fund | 51.93% | 13.17% |
A From September 13, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO® Extended Market Index Fund on September 13, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Extended Investable Market Index℠ and S&P 500 Index performed over the same period.
Period Ending Values | ||
$14,739 | Fidelity ZERO® Extended Market Index Fund | |
$14,724 | Fidelity U.S. Extended Investable Market Index℠ | |
$16,766 | S&P 500 Index |
Fidelity ZERO® Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 42.91% for the 12 months ending October 31, 2021, with U.S. equities rising on the prospect of a surge in economic growth amid strong corporate earnings, widespread COVID-19 vaccination, fiscal stimulus and fresh spending programs. After the index closed 2020 at an all-time high, investors were hopeful as the new year began. The rollout of three COVID-19 vaccines was underway, the U.S. Federal Reserve pledged to hold interest rates near zero until the economy recovered, and the federal government planned to deploy trillions of dollars to boost consumers and the economy. A flattish May reflected concerns about inflation and jobs, but the rally resumed through August amid strong earnings. In early September, sentiment turned broadly negative due to a host of factors. These included inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. In addition, the Fed signaled it could soon begin to taper the bond purchases it has made since the onset of the pandemic. The index returned -4.65% in September, its first monthly decline since January, but sharply reversed course with a 7.01% gain in October, driven by strength in earnings and notable improvement in the economy. By sector, energy gained 111% to lead by a wide margin, followed by financials (+72%), whereas the defensive utilities (+11%) and consumer staples (+19%) groups notably lagged.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2021, the fund gained 51.93%, roughly in line with the 51.87% advance of the benchmark Fidelity U.S. Extended Investable Market Index. By sector, financials gained 66% and contributed most, followed by information technology, which gained 49%, and industrials, which advanced about 54%. The consumer discretionary sector rose 56%, real estate gained 64%, and health care advanced 21%. Other notable contributors included the energy (+177%), materials (+58%), communication services (+52%), consumer staples (+21%), and utilities (+24%) sectors. Turning to individual stocks, the top contributor was Moderna (+159%), from the pharmaceuticals, biotechnology & life sciences industry. In software & services, CrowdStrike Holdings (+93%) was helpful, and Devon Energy (+375%) from the energy sector also contributed. Plug Power, within the capital goods group, rose 299%, and Zillow, within the real estate sector, gained roughly 106% and boosted the fund. Conversely, the biggest individual detractor was Zoom Video Communications (-9%), from the software & services segment, followed by Boston Beer Company (-53%), which is in the food, beverage & tobacco category. Within health care equipment & services, Quidel returned approximately -50% and hurt. Other detractors were Sarepta Therapeutics (-42%), a stock in the pharmaceuticals, biotechnology & life sciences industry, and Virgin Galactic (-63%), from the capital goods category.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO® Extended Market Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2021
% of fund's net assets | |
Snowflake Computing, Inc. | 1.2 |
Airbnb, Inc. Class A | 0.9 |
Palantir Technologies, Inc. | 0.6 |
Bill.Com Holdings, Inc. | 0.4 |
Devon Energy Corp. | 0.4 |
Bath & Body Works, Inc. | 0.3 |
Diamondback Energy, Inc. | 0.3 |
AMC Entertainment Holdings, Inc. Class A | 0.3 |
Signature Bank | 0.3 |
Molina Healthcare, Inc. | 0.3 |
5.0 |
Top Market Sectors as of October 31, 2021
% of fund's net assets | |
Financials | 16.3 |
Industrials | 15.9 |
Information Technology | 14.8 |
Consumer Discretionary | 13.6 |
Health Care | 12.9 |
Real Estate | 8.3 |
Materials | 5.0 |
Communication Services | 3.7 |
Energy | 3.4 |
Consumer Staples | 3.1 |
Asset Allocation (% of fund's net assets)
As of October 31, 2021* | ||
Stocks and Equity Futures | 100.0% |
* Foreign investments - 5.2%
Fidelity ZERO® Extended Market Index Fund
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 99.7% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 3.7% | |||
Diversified Telecommunication Services - 0.7% | |||
Anterix, Inc. (a) | 3,696 | $236,914 | |
ATN International, Inc. | 2,222 | 90,613 | |
Bandwidth, Inc. (a) | 4,762 | 406,103 | |
Cogent Communications Group, Inc. | 8,635 | 661,355 | |
Consolidated Communications Holdings, Inc. (a) | 15,421 | 114,115 | |
EchoStar Holding Corp. Class A (a)(b) | 8,267 | 193,944 | |
Globalstar, Inc. (a)(b) | 138,251 | 228,114 | |
IDT Corp. Class B (a) | 3,891 | 188,208 | |
Iridium Communications, Inc. (a) | 27,577 | 1,118,247 | |
Liberty Global PLC: | |||
Class A (a) | 28,816 | 828,172 | |
Class C (a) | 79,605 | 2,295,808 | |
Liberty Latin America Ltd. Class C (a) | 40,092 | 482,307 | |
Lumen Technologies, Inc. | 207,492 | 2,460,855 | |
Ooma, Inc. (a) | 4,671 | 107,900 | |
Radius Global Infrastructure, Inc. (a) | 11,915 | 206,487 | |
9,619,142 | |||
Entertainment - 0.9% | |||
AMC Entertainment Holdings, Inc. Class A (a)(b) | 106,846 | 3,779,143 | |
Cinemark Holdings, Inc. (a)(b) | 21,777 | 409,408 | |
Lions Gate Entertainment Corp.: | |||
Class A (a) | 14,949 | 193,590 | |
Class B (a) | 22,276 | 252,164 | |
Live Nation Entertainment, Inc. (a) | 27,403 | 2,771,813 | |
LiveOne, Inc. (a) | 10,888 | 24,934 | |
Madison Square Garden Entertainment Corp. (a) | 5,127 | 361,300 | |
Madison Square Garden Sports Corp. (a) | 3,544 | 671,623 | |
Marcus Corp. (a)(b) | 4,102 | 76,174 | |
Playtika Holding Corp. (b) | 21,286 | 601,968 | |
Sciplay Corp. (A Shares) (a) | 5,035 | 101,757 | |
Warner Music Group Corp. Class A | 20,238 | 1,001,579 | |
World Wrestling Entertainment, Inc. Class A (b) | 9,402 | 574,368 | |
Zynga, Inc. (a) | 212,719 | 1,569,866 | |
12,389,687 | |||
Interactive Media & Services - 0.5% | |||
Angi, Inc. (a)(b) | 15,635 | 195,907 | |
Bumble, Inc. (b) | 14,806 | 777,611 | |
CarGurus, Inc. Class A (a) | 17,788 | 596,610 | |
Cars.com, Inc. (a) | 14,133 | 184,012 | |
Eventbrite, Inc. (a)(b) | 15,856 | 320,925 | |
EverQuote, Inc. Class A (a) | 3,950 | 54,471 | |
Liberty TripAdvisor Holdings, Inc. (a) | 14,380 | 44,434 | |
MediaAlpha, Inc. Class A (b) | 4,561 | 79,954 | |
QuinStreet, Inc. (a) | 10,445 | 146,230 | |
TripAdvisor, Inc. (a)(b) | 20,215 | 666,489 | |
TrueCar, Inc. (a) | 19,691 | 82,505 | |
Yelp, Inc. (a) | 14,171 | 547,426 | |
Ziff Davis, Inc. (a) | 10,079 | 1,292,833 | |
Zoominfo Technologies, Inc. (a) | 37,891 | 2,547,033 | |
7,536,440 | |||
Media - 1.5% | |||
Altice U.S.A., Inc. Class A (a) | 47,735 | 778,081 | |
AMC Networks, Inc. Class A (a)(b) | 5,971 | 237,586 | |
Audacy, Inc. Class A (a)(b) | 24,537 | 79,255 | |
Boston Omaha Corp. (a)(b) | 3,728 | 132,158 | |
Cable One, Inc. | 1,033 | 1,767,680 | |
Cardlytics, Inc. (a)(b) | 6,927 | 544,878 | |
Cbdmd, Inc. (a) | 6,249 | 11,061 | |
Clear Channel Outdoor Holdings, Inc. (a) | 100,734 | 292,129 | |
DISH Network Corp. Class A (a) | 51,896 | 2,131,369 | |
E.W. Scripps Co. Class A | 11,910 | 221,526 | |
Fluent, Inc. (a)(b) | 9,949 | 23,679 | |
Gannett Co., Inc. (a)(b) | 29,725 | 172,405 | |
Gray Television, Inc. | 17,931 | 420,303 | |
iHeartMedia, Inc. (a) | 22,216 | 430,546 | |
Interpublic Group of Companies, Inc. | 82,098 | 3,002,324 | |
John Wiley & Sons, Inc. Class A | 8,903 | 482,276 | |
Loral Space & Communications Ltd. | 2,748 | 136,905 | |
Magnite, Inc.(a) | 23,904 | 646,125 | |
Meredith Corp. (a) | 8,342 | 485,838 | |
National CineMedia, Inc. | 12,850 | 40,863 | |
News Corp.: | |||
Class A | 83,609 | 1,914,646 | |
Class B | 23,453 | 529,100 | |
Nexstar Broadcasting Group, Inc. Class A | 8,694 | 1,303,491 | |
PubMatic, Inc. (b) | 4,103 | 117,264 | |
Scholastic Corp. | 6,339 | 229,408 | |
Sinclair Broadcast Group, Inc. Class A | 10,303 | 269,217 | |
Sirius XM Holdings, Inc. (b) | 193,267 | 1,176,996 | |
TechTarget, Inc. (a)(b) | 5,214 | 491,732 | |
Tegna, Inc. | 46,117 | 906,660 | |
The New York Times Co. Class A | 34,853 | 1,902,625 | |
WideOpenWest, Inc. (a) | 10,703 | 203,892 | |
21,082,018 | |||
Wireless Telecommunication Services - 0.1% | |||
Gogo, Inc. (a) | 13,713 | 222,973 | |
NII Holdings, Inc. (a)(c) | 10,174 | 2,645 | |
Shenandoah Telecommunications Co. | 10,723 | 296,384 | |
Telephone & Data Systems, Inc. | 20,090 | 376,487 | |
U.S. Cellular Corp. (a) | 3,137 | 95,898 | |
994,387 | |||
TOTAL COMMUNICATION SERVICES | 51,621,674 | ||
CONSUMER DISCRETIONARY - 13.6% | |||
Auto Components - 1.2% | |||
Adient PLC (a) | 19,715 | 820,538 | |
American Axle & Manufacturing Holdings, Inc. (a) | 23,370 | 212,200 | |
Autoliv, Inc. | 16,305 | 1,579,139 | |
BorgWarner, Inc. | 49,737 | 2,241,647 | |
Cooper-Standard Holding, Inc. (a) | 3,328 | 86,328 | |
Dana, Inc. | 30,458 | 675,863 | |
Dorman Products, Inc. (a) | 5,972 | 623,357 | |
Fox Factory Holding Corp. (a) | 8,798 | 1,416,038 | |
Gentex Corp. | 49,775 | 1,761,537 | |
Gentherm, Inc. (a) | 6,943 | 511,213 | |
LCI Industries | 5,273 | 736,322 | |
Lear Corp. | 12,377 | 2,126,987 | |
Modine Manufacturing Co. (a) | 11,579 | 127,369 | |
Motorcar Parts of America, Inc. (a) | 3,798 | 71,858 | |
Patrick Industries, Inc. | 4,773 | 371,864 | |
Standard Motor Products, Inc. | 4,180 | 200,222 | |
Stoneridge, Inc. (a) | 5,658 | 107,389 | |
Tenneco, Inc. (a) | 15,410 | 204,491 | |
The Goodyear Tire & Rubber Co. (a) | 58,643 | 1,121,254 | |
Veoneer, Inc. (a)(b) | 21,003 | 739,306 | |
Visteon Corp. (a) | 5,856 | 662,782 | |
XPEL, Inc. (a) | 3,553 | 269,673 | |
16,667,377 | |||
Automobiles - 0.2% | |||
Harley-Davidson, Inc. | 32,064 | 1,170,015 | |
Thor Industries, Inc. | 11,488 | 1,171,316 | |
Winnebago Industries, Inc. | 6,898 | 466,926 | |
Workhorse Group, Inc. (a)(b) | 23,488 | 158,074 | |
2,966,331 | |||
Distributors - 0.2% | |||
Funko, Inc. (a) | 5,031 | 82,458 | |
LKQ Corp. | 56,195 | 3,095,221 | |
3,177,679 | |||
Diversified Consumer Services - 0.8% | |||
2U, Inc. (a)(b) | 15,286 | 451,548 | |
Adtalem Global Education, Inc. (a) | 10,097 | 372,882 | |
American Public Education, Inc. (a) | 4,236 | 105,858 | |
Aspen Group, Inc. (a) | 4,830 | 22,943 | |
Bright Horizons Family Solutions, Inc. (a) | 12,617 | 2,094,422 | |
Carriage Services, Inc. | 3,287 | 169,116 | |
Frontdoor, Inc. (a) | 17,930 | 668,430 | |
Graham Holdings Co. | 816 | 478,054 | |
Grand Canyon Education, Inc. (a) | 9,520 | 758,744 | |
H&R Block, Inc. | 37,240 | 859,127 | |
Houghton Mifflin Harcourt Co. (a) | 26,232 | 372,232 | |
Laureate Education, Inc. Class A | 20,695 | 358,437 | |
OneSpaWorld Holdings Ltd. (a)(b) | 10,963 | 118,400 | |
Perdoceo Education Corp. (a) | 14,804 | 157,218 | |
Regis Corp. (a)(b) | 4,397 | 11,872 | |
Service Corp. International | 34,787 | 2,382,562 | |
Strategic Education, Inc. | 4,641 | 316,563 | |
Stride, Inc. (a) | 8,854 | 314,317 | |
Terminix Global Holdings, Inc. (a) | 26,092 | 1,056,204 | |
Vivint Smart Home, Inc. Class A (a) | 8,101 | 73,476 | |
WW International, Inc. (a) | 11,173 | 193,963 | |
Xpresspa Group, Inc. (a)(b) | 18,934 | 25,182 | |
11,361,550 | |||
Hotels, Restaurants & Leisure - 3.3% | |||
Accel Entertainment, Inc. (a) | 12,512 | 152,396 | |
Airbnb, Inc. Class A | 70,062 | 11,956,781 | |
ARAMARK Holdings Corp. | 52,796 | 1,925,998 | |
Bally's Corp. (a) | 6,189 | 283,518 | |
BJ's Restaurants, Inc. (a)(b) | 5,052 | 168,333 | |
Bloomin' Brands, Inc. (a)(b) | 17,307 | 374,177 | |
Boyd Gaming Corp. (a) | 17,120 | 1,091,914 | |
Brinker International, Inc. (a) | 9,375 | 393,375 | |
Carrols Restaurant Group, Inc. | 8,293 | 30,435 | |
Century Casinos, Inc. (a) | 6,032 | 89,274 | |
Choice Hotels International, Inc. | 6,791 | 954,950 | |
Churchill Downs, Inc. | 7,179 | 1,651,170 | |
Chuy's Holdings, Inc. (a) | 4,245 | 123,784 | |
Cracker Barrel Old Country Store, Inc. | 5,024 | 669,046 | |
Dave & Buster's Entertainment, Inc. (a) | 7,874 | 292,362 | |
Del Taco Restaurants, Inc. | 7,268 | 60,615 | |
Denny's Corp. (a)(b) | 13,012 | 206,891 | |
Dine Brands Global, Inc. (a) | 3,569 | 301,616 | |
Drive Shack, Inc. (a) | 18,940 | 49,244 | |
El Pollo Loco Holdings, Inc. (a) | 4,275 | 62,843 | |
Everi Holdings, Inc. (a) | 18,843 | 452,232 | |
Fiesta Restaurant Group, Inc. (a)(b) | 3,367 | 35,488 | |
GAN Ltd. (a)(b) | 8,224 | 117,439 | |
Golden Entertainment, Inc. (a) | 4,256 | 221,184 | |
Hilton Grand Vacations, Inc. (a) | 18,541 | 932,241 | |
Hyatt Hotels Corp. Class A (a) | 10,047 | 856,004 | |
Jack in the Box, Inc. | 4,387 | 434,094 | |
Lindblad Expeditions Holdings (a) | 6,218 | 92,959 | |
Marriott Vacations Worldwide Corp. | 8,923 | 1,402,874 | |
Monarch Casino & Resort, Inc. (a) | 2,772 | 200,194 | |
Noodles & Co. (a) | 7,730 | 93,920 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 76,752 | 1,974,061 | |
Papa John's International, Inc. | 6,783 | 841,635 | |
Planet Fitness, Inc. (a) | 17,377 | 1,382,340 | |
Playa Hotels & Resorts NV (a) | 26,703 | 227,243 | |
PlayAGS, Inc. (a) | 5,484 | 48,369 | |
RCI Hospitality Holdings, Inc. | 1,762 | 119,464 | |
Red Robin Gourmet Burgers, Inc. (a) | 3,288 | 65,333 | |
Red Rock Resorts, Inc. (a) | 12,632 | 687,307 | |
Ruth's Hospitality Group, Inc. (a) | 6,631 | 128,244 | |
Scientific Games Corp. Class A (a) | 19,976 | 1,599,079 | |
SeaWorld Entertainment, Inc. (a) | 10,746 | 682,371 | |
Shake Shack, Inc. Class A (a) | 8,051 | 556,888 | |
Six Flags Entertainment Corp. (a) | 16,205 | 666,512 | |
Texas Roadhouse, Inc. Class A | 14,540 | 1,291,297 | |
The Cheesecake Factory, Inc. (a) | 10,018 | 407,132 | |
Travel+Leisure Co. | 18,069 | 981,869 | |
Vail Resorts, Inc. | 8,392 | 2,892,806 | |
Wendy's Co. | 37,079 | 826,862 | |
Wingstop, Inc. | 6,196 | 1,068,624 | |
Wyndham Hotels & Resorts, Inc. | 19,361 | 1,635,424 | |
Wynn Resorts Ltd. (a) | 21,944 | 1,970,571 | |
45,730,782 | |||
Household Durables - 1.7% | |||
Bassett Furniture Industries, Inc. | 1,767 | 29,845 | |
Beazer Homes U.S.A., Inc. (a) | 6,498 | 117,679 | |
Casper Sleep, Inc. (a)(b) | 4,928 | 17,938 | |
Cavco Industries, Inc. (a) | 1,747 | 419,944 | |
Century Communities, Inc. | 6,302 | 422,612 | |
Dream Finders Homes, Inc. (b) | 3,696 | 58,656 | |
Ethan Allen Interiors, Inc. (b) | 4,663 | 108,228 | |
Flexsteel Industries, Inc. | 1,281 | 35,868 | |
GoPro, Inc. Class A (a) | 26,284 | 226,305 | |
Green Brick Partners, Inc. (a) | 10,441 | 271,988 | |
Helen of Troy Ltd. (a) | 5,033 | 1,132,173 | |
Hooker Furnishings Corp. | 2,654 | 66,907 | |
Hovnanian Enterprises, Inc. Class A (a) | 1,020 | 85,945 | |
Installed Building Products, Inc. | 4,828 | 613,397 | |
iRobot Corp. (a)(b) | 5,757 | 480,249 | |
KB Home | 18,790 | 754,419 | |
La-Z-Boy, Inc. | 9,132 | 303,548 | |
Leggett & Platt, Inc. | 27,568 | 1,291,561 | |
LGI Homes, Inc. (a) | 4,538 | 677,523 | |
Lovesac (a)(b) | 2,769 | 216,010 | |
M.D.C. Holdings, Inc. | 11,869 | 581,344 | |
M/I Homes, Inc. (a) | 6,216 | 355,928 | |
Meritage Homes Corp. (a) | 7,850 | 853,374 | |
Mohawk Industries, Inc. (a) | 11,584 | 2,052,801 | |
Newell Brands, Inc. | 78,305 | 1,792,401 | |
Purple Innovation, Inc. (a) | 11,862 | 228,937 | |
Skyline Champion Corp. (a) | 11,074 | 701,206 | |
Sonos, Inc. (a) | 26,229 | 855,590 | |
Taylor Morrison Home Corp. (a) | 26,106 | 797,016 | |
Tempur Sealy International, Inc. | 40,950 | 1,821,047 | |
Toll Brothers, Inc. | 24,055 | 1,447,389 | |
TopBuild Corp. (a) | 6,829 | 1,754,848 | |
TRI Pointe Homes, Inc. (a) | 23,706 | 573,448 | |
Tupperware Brands Corp. (a)(b) | 10,600 | 235,744 | |
Universal Electronics, Inc. (a) | 3,056 | 125,846 | |
VOXX International Corp.(a) | 2,842 | 32,143 | |
Vuzix Corp. (a)(b) | 12,186 | 130,268 | |
Whirlpool Corp. | 13,085 | 2,758,711 | |
ZAGG, Inc. rights (a)(c) | 4,373 | 394 | |
24,429,230 | |||
Internet & Direct Marketing Retail - 0.4% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 5,466 | 175,568 | |
CarParts.com, Inc. (a)(b) | 9,469 | 144,213 | |
Chewy, Inc. (a)(b) | 18,066 | 1,369,403 | |
Duluth Holdings, Inc. (a)(b) | 2,424 | 34,736 | |
Groupon, Inc. (a)(b) | 4,609 | 97,803 | |
Lands' End, Inc. (a)(b) | 2,578 | 67,750 | |
Liquidity Services, Inc. (a) | 5,654 | 124,840 | |
Overstock.com, Inc. (a)(b) | 8,999 | 856,975 | |
PetMed Express, Inc. | 4,512 | 128,276 | |
Poshmark, Inc. (b) | 3,357 | 81,676 | |
Quotient Technology, Inc. (a) | 18,757 | 120,795 | |
Qurate Retail, Inc. Series A | 76,689 | 800,633 | |
Revolve Group, Inc. (a) | 7,851 | 589,139 | |
Shutterstock, Inc. | 4,961 | 601,025 | |
Stitch Fix, Inc. (a) | 14,771 | 511,077 | |
The RealReal, Inc. (a) | 16,548 | 215,620 | |
Waitr Holdings, Inc. (a)(b) | 18,614 | 36,111 | |
5,955,640 | |||
Leisure Products - 0.7% | |||
Acushnet Holdings Corp. | 7,281 | 370,894 | |
American Outdoor Brands, Inc. (a) | 3,142 | 71,575 | |
AMMO, Inc. (b) | 18,049 | 109,016 | |
Brunswick Corp. | 16,056 | 1,494,653 | |
Callaway Golf Co. (a) | 24,568 | 664,564 | |
Clarus Corp. (b) | 5,274 | 145,457 | |
Johnson Outdoors, Inc. Class A | 1,539 | 163,411 | |
Malibu Boats, Inc. Class A (a) | 4,264 | 301,081 | |
MasterCraft Boat Holdings, Inc. (a) | 3,949 | 105,754 | |
Mattel, Inc. (a) | 72,285 | 1,576,536 | |
Nautilus, Inc. (a)(b) | 6,496 | 66,454 | |
Polaris, Inc. | 11,792 | 1,355,490 | |
Smith & Wesson Brands, Inc. | 9,827 | 211,281 | |
Sturm, Ruger & Co., Inc. | 3,733 | 294,459 | |
Vista Outdoor, Inc. (a) | 11,731 | 490,825 | |
YETI Holdings, Inc. (a) | 18,195 | 1,789,114 | |
9,210,564 | |||
Multiline Retail - 0.4% | |||
Big Lots, Inc. | 7,094 | 313,910 | |
Dillard's, Inc. Class A (b) | 917 | 211,955 | |
Franchise Group, Inc. | 5,662 | 208,362 | |
Kohl's Corp. | 32,403 | 1,572,518 | |
Macy's, Inc. | 64,993 | 1,720,365 | |
Nordstrom, Inc. (a) | 23,379 | 671,679 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 12,660 | 856,576 | |
5,555,365 | |||
Specialty Retail - 3.2% | |||
Abercrombie & Fitch Co. Class A (a) | 12,628 | 499,311 | |
Academy Sports & Outdoors, Inc. | 18,192 | 778,254 | |
Advance Auto Parts, Inc. | 13,630 | 3,073,838 | |
America's Car Mart, Inc. (a) | 1,341 | 160,236 | |
American Eagle Outfitters, Inc. (b) | 32,010 | 759,917 | |
Asbury Automotive Group, Inc. (a) | 4,048 | 792,234 | |
AutoNation, Inc. (a)(b) | 9,124 | 1,105,099 | |
Barnes & Noble Education, Inc. (a)(b) | 6,967 | 72,317 | |
Bath & Body Works, Inc. | 55,106 | 3,807,274 | |
Bed Bath & Beyond, Inc. (a)(b) | 21,453 | 301,200 | |
Big 5 Sporting Goods Corp. (b) | 4,384 | 106,005 | |
Boot Barn Holdings, Inc. (a) | 6,085 | 635,822 | |
Caleres, Inc. | 7,759 | 178,923 | |
Camping World Holdings, Inc. (b) | 8,568 | 319,158 | |
Chico's FAS, Inc. (a)(b) | 27,150 | 148,239 | |
Citi Trends, Inc. (a)(b) | 1,913 | 147,990 | |
Conn's, Inc. (a) | 4,155 | 92,532 | |
Designer Brands, Inc. Class A (a)(b) | 12,585 | 170,275 | |
Dick's Sporting Goods, Inc. | 13,591 | 1,688,138 | |
Five Below, Inc. (a) | 11,681 | 2,304,661 | |
Floor & Decor Holdings, Inc. Class A (a) | 21,938 | 2,981,813 | |
Foot Locker, Inc. | 18,856 | 898,866 | |
GameStop Corp. Class A (a)(b) | 12,955 | 2,377,372 | |
Gap, Inc. | 45,034 | 1,021,821 | |
Genesco, Inc. (a) | 2,865 | 173,590 | |
Group 1 Automotive, Inc. | 3,756 | 675,329 | |
GrowGeneration Corp. (a)(b) | 11,067 | 233,292 | |
Guess?, Inc. | 8,445 | 174,896 | |
Haverty Furniture Companies, Inc. | 3,435 | 98,585 | |
Hibbett, Inc. (b) | 3,098 | 239,909 | |
Leslie's, Inc. (b) | 26,778 | 553,769 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 6,313 | 2,015,236 | |
Lumber Liquidators Holdings, Inc. (a)(b) | 5,839 | 105,569 | |
MarineMax, Inc. (a) | 4,461 | 231,035 | |
Monro, Inc. (b) | 6,798 | 419,844 | |
Murphy U.S.A., Inc. | 4,979 | 811,328 | |
National Vision Holdings, Inc. (a)(b) | 17,051 | 1,051,024 | |
OneWater Marine, Inc. Class A | 2,084 | 92,405 | |
Party City Holdco, Inc. (a) | 24,208 | 175,992 | |
Penske Automotive Group, Inc. | 6,542 | 693,779 | |
Petco Health & Wellness Co., Inc. (b) | 16,730 | 413,733 | |
Rent-A-Center, Inc. | 12,739 | 678,479 | |
RH (a) | 3,556 | 2,345,644 | |
Sally Beauty Holdings, Inc. (a) | 23,161 | 353,437 | |
Shoe Carnival, Inc. | 3,826 | 129,587 | |
Signet Jewelers Ltd. | 10,995 | 980,534 | |
Sleep Number Corp. (a)(b) | 4,851 | 428,537 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 4,262 | 210,671 | |
Sportsman's Warehouse Holdings, Inc. (a) | 9,503 | 164,022 | |
The Aaron's Co., Inc. | 7,153 | 167,309 | |
The Buckle, Inc. | 6,239 | 259,667 | |
The Cato Corp. Class A (sub. vtg.) | 3,759 | 66,271 | |
The Children's Place, Inc. (a) | 2,857 | 236,817 | |
The ODP Corp. (a) | 9,659 | 418,235 | |
Tilly's, Inc. | 4,519 | 62,724 | |
TravelCenters of America LLC (a) | 2,438 | 131,433 | |
Urban Outfitters, Inc. (a) | 13,530 | 432,013 | |
Victoria's Secret & Co. (a) | 15,688 | 791,773 | |
Vroom, Inc. (a)(b) | 26,129 | 499,848 | |
Williams-Sonoma, Inc. | 15,671 | 2,910,575 | |
Winmark Corp. | 622 | 144,814 | |
Zumiez, Inc. (a) | 4,565 | 185,796 | |
44,178,796 | |||
Textiles, Apparel & Luxury Goods - 1.5% | |||
Capri Holdings Ltd. (a) | 31,503 | 1,677,220 | |
Carter's, Inc. | 9,224 | 908,748 | |
Columbia Sportswear Co. | 7,333 | 761,459 | |
Crocs, Inc. (a) | 13,029 | 2,103,532 | |
Deckers Outdoor Corp. (a) | 5,776 | 2,283,311 | |
Fossil Group, Inc. (a) | 9,713 | 114,808 | |
G-III Apparel Group Ltd. (a) | 8,913 | 255,447 | |
Hanesbrands, Inc. | 73,015 | 1,244,176 | |
Kontoor Brands, Inc. | 9,815 | 520,195 | |
Lakeland Industries, Inc. (a) | 1,626 | 34,000 | |
Levi Strauss & Co. Class A | 18,768 | 491,346 | |
Movado Group, Inc. | 3,419 | 113,853 | |
Oxford Industries, Inc. | 3,238 | 300,227 | |
PVH Corp. | 14,787 | 1,616,663 | |
Ralph Lauren Corp. | 10,089 | 1,283,018 | |
Samsonite International SA (a)(d) | 294,600 | 634,599 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 28,046 | 1,296,006 | |
Steven Madden Ltd. | 16,135 | 727,689 | |
Superior Group of Companies, Inc. | 2,224 | 57,802 | |
Tapestry, Inc. | 58,271 | 2,271,404 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 40,851 | 897,088 | |
Class C (non-vtg.) (a) | 41,311 | 779,952 | |
Unifi, Inc. (a) | 2,760 | 66,295 | |
Vera Bradley, Inc. (a) | 5,080 | 49,835 | |
Wolverine World Wide, Inc. | 17,213 | 570,955 | |
21,059,628 | |||
TOTAL CONSUMER DISCRETIONARY | 190,292,942 | ||
CONSUMER STAPLES - 3.1% | |||
Beverages - 0.3% | |||
Boston Beer Co., Inc. Class A (a) | 1,968 | 969,201 | |
Celsius Holdings, Inc. (a) | 7,955 | 767,817 | |
Coca-Cola Bottling Co. Consolidated | 953 | 382,534 | |
MGP Ingredients, Inc. | 2,800 | 179,788 | |
Molson Coors Beverage Co. Class B | 38,948 | 1,717,217 | |
National Beverage Corp. (b) | 4,773 | 269,197 | |
Newage, Inc. (a)(b) | 26,443 | 39,136 | |
4,324,890 | |||
Food & Staples Retailing - 0.7% | |||
Andersons, Inc. | 6,646 | 226,363 | |
BJ's Wholesale Club Holdings, Inc. (a) | 28,443 | 1,662,209 | |
Blue Apron Holdings, Inc.: | |||
rights 10/28/21 (a)(c) | 2,335 | 0 | |
Class A (a)(b) | 3,671 | 33,590 | |
Casey's General Stores, Inc. | 7,719 | 1,478,497 | |
Chefs' Warehouse Holdings (a) | 6,844 | 238,650 | |
Grocery Outlet Holding Corp. (a)(b) | 17,960 | 398,532 | |
Ingles Markets, Inc. Class A | 2,881 | 199,336 | |
Natural Grocers by Vitamin Cottage, Inc. | 2,836 | 34,542 | |
Performance Food Group Co. (a) | 31,865 | 1,441,254 | |
PriceSmart, Inc. | 5,060 | 364,067 | |
Rite Aid Corp. (a)(b) | 12,197 | 165,757 | |
SpartanNash Co. | 7,800 | 180,492 | |
Sprouts Farmers Market LLC (a) | 23,487 | 520,002 | |
U.S. Foods Holding Corp. (a) | 46,413 | 1,609,139 | |
United Natural Foods, Inc. (a) | 11,593 | 503,020 | |
Weis Markets, Inc. | 3,598 | 202,603 | |
9,258,053 | |||
Food Products - 1.5% | |||
B&G Foods, Inc. Class A (b) | 13,741 | 404,535 | |
Beyond Meat, Inc. (a)(b) | 12,567 | 1,243,882 | |
Bunge Ltd. | 29,424 | 2,725,839 | |
Cal-Maine Foods, Inc. (a)(b) | 7,690 | 277,301 | |
Calavo Growers, Inc. | 3,526 | 141,745 | |
Campbell Soup Co. | 42,033 | 1,679,218 | |
Darling Ingredients, Inc. (a) | 33,784 | 2,855,424 | |
Flowers Foods, Inc. | 41,430 | 1,025,393 | |
Fresh Del Monte Produce, Inc. | 6,871 | 230,110 | |
Freshpet, Inc. (a) | 9,070 | 1,414,104 | |
Hostess Brands, Inc. Class A (a) | 26,543 | 501,928 | |
Ingredion, Inc. | 13,802 | 1,314,364 | |
J&J Snack Foods Corp. (b) | 3,046 | 449,437 | |
John B. Sanfilippo & Son, Inc. | 1,986 | 167,817 | |
Laird Superfood, Inc. (a) | 651 | 11,366 | |
Lamb Weston Holdings, Inc. | 30,083 | 1,698,185 | |
Lancaster Colony Corp. | 4,151 | 705,670 | |
Landec Corp. (a) | 5,653 | 54,947 | |
Pilgrim's Pride Corp. (a) | 9,989 | 281,290 | |
Post Holdings, Inc. (a) | 12,250 | 1,243,130 | |
Sanderson Farms, Inc. | 4,386 | 830,928 | |
Seaboard Corp. | 55 | 211,751 | |
Seneca Foods Corp. Class A (a) | 1,435 | 74,089 | |
The Hain Celestial Group, Inc. (a) | 17,539 | 786,975 | |
The Simply Good Foods Co. (a) | 17,401 | 689,950 | |
Tootsie Roll Industries, Inc. (b) | 3,983 | 126,062 | |
TreeHouse Foods, Inc. (a) | 11,408 | 412,285 | |
Vital Farms, Inc. (a)(b) | 5,279 | 86,681 | |
Whole Earth Brands, Inc. Class A (a)(b) | 7,590 | 92,067 | |
21,736,473 | |||
Household Products - 0.2% | |||
Central Garden & Pet Co. (a) | 2,163 | 111,568 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 8,003 | 369,739 | |
Energizer Holdings, Inc. | 13,073 | 476,772 | |
Reynolds Consumer Products, Inc. | 11,454 | 309,029 | |
Spectrum Brands Holdings, Inc. | 8,886 | 833,063 | |
WD-40 Co. (b) | 2,886 | 655,122 | |
2,755,293 | |||
Personal Products - 0.3% | |||
BellRing Brands, Inc. Class A (a)(b) | 7,701 | 206,541 | |
Coty, Inc. Class A (a) | 68,756 | 583,051 | |
Edgewell Personal Care Co. | 11,054 | 386,779 | |
elf Beauty, Inc. (a)(b) | 9,703 | 313,504 | |
Herbalife Nutrition Ltd. (a) | 21,248 | 985,907 | |
Inter Parfums, Inc. | 3,619 | 334,323 | |
MediFast, Inc. | 2,420 | 474,973 | |
Nu Skin Enterprises, Inc. Class A | 10,228 | 410,654 | |
The Honest Co., Inc. (b) | 5,365 | 49,090 | |
USANA Health Sciences, Inc. (a) | 2,568 | 249,250 | |
Veru, Inc. (a) | 12,986 | 106,096 | |
4,100,168 | |||
Tobacco - 0.1% | |||
22nd Century Group, Inc. (a)(b) | 34,748 | 95,210 | |
Turning Point Brands, Inc. | 2,938 | 112,143 | |
Universal Corp. | 5,086 | 239,042 | |
Vector Group Ltd. | 27,564 | 365,499 | |
811,894 | |||
TOTAL CONSUMER STAPLES | 42,986,771 | ||
ENERGY - 3.4% | |||
Energy Equipment & Services - 0.6% | |||
Archrock, Inc. | 27,531 | 225,479 | |
Aspen Aerogels, Inc. (a) | 5,064 | 275,785 | |
Bristow Group, Inc. (a) | 5,031 | 174,073 | |
Cactus, Inc. | 12,195 | 530,483 | |
Championx Corp. (a) | 42,076 | 1,103,653 | |
Core Laboratories NV | 9,642 | 250,788 | |
DMC Global, Inc. (a) | 3,774 | 157,678 | |
Dril-Quip, Inc. (a) | 6,891 | 162,352 | |
Expro Group Holdings NV (a) | 5,874 | 100,739 | |
Helix Energy Solutions Group, Inc. (a) | 28,972 | 109,514 | |
Helmerich & Payne, Inc. | 22,536 | 699,517 | |
Liberty Oilfield Services, Inc. Class A (a) | 21,349 | 275,829 | |
Nabors Industries Ltd. (a) | 1,557 | 159,593 | |
Newpark Resources, Inc. (a) | 19,887 | 67,616 | |
Nextier Oilfield Solutions, Inc. (a) | 32,233 | 143,759 | |
NOV, Inc. (a) | 81,320 | 1,140,106 | |
Oceaneering International, Inc. (a) | 21,410 | 291,176 | |
Oil States International, Inc. (a) | 12,300 | 74,538 | |
Patterson-UTI Energy, Inc. | 40,443 | 346,192 | |
ProPetro Holding Corp. (a) | 16,936 | 162,416 | |
RPC, Inc. (a)(b) | 17,227 | 92,854 | |
Select Energy Services, Inc. Class A (a) | 12,893 | 77,487 | |
Solaris Oilfield Infrastructure, Inc. Class A | 7,022 | 53,297 | |
TechnipFMC PLC (a) | 88,802 | 654,471 | |
TETRA Technologies, Inc. (a) | 26,398 | 85,266 | |
Tidewater, Inc. (a) | 7,492 | 90,878 | |
Transocean Ltd. (United States) (a)(b) | 125,610 | 443,403 | |
U.S. Silica Holdings, Inc. (a) | 16,147 | 156,303 | |
8,105,245 | |||
Oil, Gas & Consumable Fuels - 2.8% | |||
Alto Ingredients, Inc. (a)(b) | 13,439 | 71,495 | |
Antero Resources Corp. (a) | 59,686 | 1,185,961 | |
APA Corp. | 78,348 | 2,053,501 | |
Arch Resources, Inc. (b) | 3,283 | 299,016 | |
Berry Corp. | 14,108 | 135,578 | |
Bonanza Creek Energy, Inc. | 6,360 | 357,050 | |
Brigham Minerals, Inc. Class A | 9,173 | 212,630 | |
Callon Petroleum Co. (a)(b) | 8,075 | 417,720 | |
Centennial Resource Development, Inc. Class A (a)(b) | 37,215 | 267,948 | |
Clean Energy Fuels Corp. (a)(b) | 34,887 | 321,658 | |
CNX Resources Corp. (a) | 45,470 | 664,317 | |
Comstock Resources, Inc. (a) | 18,689 | 184,460 | |
CONSOL Energy, Inc. (a) | 6,640 | 182,666 | |
Contango Oil & Gas Co. (a)(b) | 29,449 | 121,624 | |
Continental Resources, Inc. | 12,331 | 601,876 | |
Coterra Energy, Inc. | 83,082 | 1,771,308 | |
CVR Energy, Inc. (b) | 5,942 | 113,908 | |
Delek U.S. Holdings, Inc. (a) | 15,051 | 292,742 | |
Denbury, Inc. (a) | 10,488 | 887,914 | |
Devon Energy Corp. | 131,174 | 5,257,454 | |
Diamondback Energy, Inc. | 35,471 | 3,802,136 | |
EQT Corp. (a) | 57,614 | 1,147,095 | |
Equitrans Midstream Corp. | 84,957 | 875,907 | |
Green Plains, Inc. (a)(b) | 11,010 | 417,830 | |
HollyFrontier Corp. | 31,133 | 1,052,295 | |
International Seaways, Inc. | 8,690 | 152,510 | |
Kosmos Energy Ltd. (a) | 85,918 | 309,305 | |
Laredo Petroleum, Inc. (a)(b) | 2,772 | 209,009 | |
Magnolia Oil & Gas Corp. Class A | 29,153 | 608,715 | |
Marathon Oil Corp. | 164,488 | 2,684,444 | |
Matador Resources Co. | 23,030 | 963,806 | |
Murphy Oil Corp. | 30,395 | 845,893 | |
National Energy Services Reunited Corp. (a) | 8,171 | 95,601 | |
Northern Oil & Gas, Inc. | 11,093 | 256,914 | |
Ovintiv, Inc. | 54,122 | 2,030,657 | |
Par Pacific Holdings, Inc. (a) | 9,769 | 151,029 | |
PBF Energy, Inc. Class A (a) | 19,388 | 283,259 | |
PDC Energy, Inc. | 20,645 | 1,079,940 | |
Peabody Energy Corp. (a) | 17,387 | 206,731 | |
Range Resources Corp. (a) | 53,844 | 1,255,642 | |
Ranger Oil Corp. (a) | 3,068 | 101,367 | |
Renewable Energy Group, Inc. (a) | 10,524 | 673,536 | |
Rex American Resources Corp. (a) | 1,159 | 101,934 | |
SM Energy Co. | 25,353 | 870,115 | |
Southwestern Energy Co. (a) | 141,702 | 691,506 | |
Talos Energy, Inc. (a) | 8,348 | 108,274 | |
Targa Resources Corp. | 47,565 | 2,600,379 | |
Teekay Corp. (a) | 12,716 | 45,015 | |
Teekay Tankers Ltd. (a)(b) | 4,786 | 66,430 | |
Tellurian, Inc. (a)(b) | 78,607 | 308,139 | |
Uranium Energy Corp. (a)(b) | 48,064 | 178,798 | |
W&T Offshore, Inc. (a) | 19,318 | 79,397 | |
World Fuel Services Corp. | 13,384 | 408,614 | |
40,063,048 | |||
TOTAL ENERGY | 48,168,293 | ||
FINANCIALS - 16.3% | |||
Banks - 5.8% | |||
1st Source Corp. | 3,770 | 182,016 | |
Allegiance Bancshares, Inc. | 4,092 | 160,284 | |
Ameris Bancorp | 13,960 | 731,364 | |
Associated Banc-Corp. | 31,990 | 712,737 | |
Atlantic Union Bankshares Corp. | 16,235 | 582,349 | |
Banc of California, Inc. | 9,410 | 191,305 | |
BancFirst Corp. | 3,930 | 255,489 | |
Bancorp, Inc., Delaware (a) | 11,735 | 358,504 | |
Bank of Hawaii Corp. | 8,440 | 713,180 | |
Bank OZK | 25,481 | 1,138,236 | |
BankUnited, Inc. | 19,555 | 793,151 | |
Banner Corp. | 7,000 | 404,320 | |
Berkshire Hills Bancorp, Inc. | 9,869 | 267,943 | |
BOK Financial Corp. | 6,329 | 640,305 | |
Brookline Bancorp, Inc., Delaware | 15,656 | 251,279 | |
Bryn Mawr Bank Corp. | 4,158 | 192,682 | |
Cadence Bank | 22,993 | 667,257 | |
Camden National Corp. | 3,139 | 149,416 | |
Cathay General Bancorp | 16,456 | 694,279 | |
Central Pacific Financial Corp. | 5,555 | 152,707 | |
CIT Group, Inc. | 20,664 | 1,023,488 | |
City Holding Co. | 3,249 | 258,555 | |
Columbia Banking Systems, Inc. | 14,755 | 503,588 | |
Comerica, Inc. | 27,832 | 2,368,225 | |
Commerce Bancshares, Inc. | 22,097 | 1,558,059 | |
Community Bank System, Inc. | 11,295 | 809,513 | |
Community Trust Bancorp, Inc. | 2,849 | 124,444 | |
ConnectOne Bancorp, Inc. | 7,732 | 260,800 | |
CrossFirst Bankshares, Inc. (a) | 9,955 | 141,660 | |
Cullen/Frost Bankers, Inc. | 11,785 | 1,526,158 | |
Customers Bancorp, Inc. (a) | 6,107 | 325,442 | |
CVB Financial Corp. | 25,989 | 520,300 | |
Dime Community Bancshares, Inc. | 6,832 | 243,766 | |
Eagle Bancorp, Inc. | 6,513 | 368,571 | |
East West Bancorp, Inc. | 29,626 | 2,354,674 | |
Eastern Bankshares, Inc. | 35,524 | 737,833 | |
Enterprise Financial Services Corp. | 7,984 | 375,408 | |
FB Financial Corp. | 7,261 | 329,141 | |
First Bancorp, North Carolina | 5,820 | 281,804 | |
First Bancorp, Puerto Rico | 42,762 | 583,701 | |
First Bancshares, Inc. | 4,639 | 186,720 | |
First Busey Corp. | 10,640 | 271,214 | |
First Citizens Bancshares, Inc. (b) | 1,493 | 1,215,153 | |
First Commonwealth Financial Corp. | 19,119 | 292,521 | |
First Financial Bancorp, Ohio | 19,479 | 463,211 | |
First Financial Bankshares, Inc. | 26,780 | 1,358,282 | |
First Financial Corp., Indiana | 2,326 | 99,669 | |
First Foundation, Inc. | 8,293 | 220,677 | |
First Hawaiian, Inc. | 27,230 | 751,276 | |
First Horizon National Corp. | 114,655 | 1,945,695 | |
First Interstate Bancsystem, Inc. | 7,359 | 305,914 | |
First Merchants Corp. | 11,003 | 457,505 | |
First Midwest Bancorp, Inc., Delaware | 23,160 | 445,830 | |
Five Star Bancorp | 1,216 | 33,343 | |
Flushing Financial Corp. | 5,958 | 143,111 | |
FNB Corp., Pennsylvania | 67,365 | 784,802 | |
Fulton Financial Corp. | 34,180 | 550,298 | |
German American Bancorp, Inc. | 5,000 | 197,100 | |
Glacier Bancorp, Inc. | 20,040 | 1,108,012 | |
Great Southern Bancorp, Inc. | 2,126 | 119,970 | |
Great Western Bancorp, Inc. | 11,257 | 383,301 | |
Hancock Whitney Corp. | 18,108 | 895,984 | |
Hanmi Financial Corp. | 6,982 | 154,931 | |
HarborOne Bancorp, Inc. | 9,970 | 143,269 | |
Heartland Financial U.S.A., Inc. | 8,094 | 405,671 | |
Heritage Commerce Corp. | 12,313 | 147,633 | |
Heritage Financial Corp., Washington | 7,801 | 193,777 | |
Hilltop Holdings, Inc. | 12,681 | 449,415 | |
Home Bancshares, Inc. | 31,783 | 755,164 | |
Hope Bancorp, Inc. | 24,774 | 361,453 | |
Horizon Bancorp, Inc. Indiana | 8,221 | 156,774 | |
Independent Bank Corp. | 4,352 | 98,051 | |
Independent Bank Corp., Massachusetts | 6,956 | 587,782 | |
Independent Bank Group, Inc. | 7,838 | 566,609 | |
International Bancshares Corp. | 10,872 | 460,973 | |
Investors Bancorp, Inc. | 47,278 | 723,353 | |
Lakeland Bancorp, Inc. | 9,974 | 179,333 | |
Lakeland Financial Corp. (b) | 5,181 | 372,358 | |
Live Oak Bancshares, Inc. (b) | 6,653 | 593,315 | |
Midland States Bancorp, Inc. | 4,682 | 120,140 | |
National Bank Holdings Corp. | 6,621 | 287,153 | |
NBT Bancorp, Inc. | 8,673 | 318,212 | |
Nicolet Bankshares, Inc. (a) | 2,153 | 154,779 | |
OceanFirst Financial Corp. | 12,253 | 271,649 | |
OFG Bancorp | 10,859 | 281,248 | |
Old National Bancorp, Indiana (b) | 34,665 | 592,078 | |
Origin Bancorp, Inc. | 4,767 | 212,608 | |
Pacific Premier Bancorp, Inc. | 19,958 | 838,036 | |
PacWest Bancorp | 24,433 | 1,159,835 | |
Park National Corp. | 2,936 | 377,540 | |
Peoples Bancorp, Inc. | 4,740 | 151,490 | |
Peoples United Financial, Inc. | 88,897 | 1,523,695 | |
Pinnacle Financial Partners, Inc. | 15,875 | 1,533,049 | |
Popular, Inc. | 16,819 | 1,369,739 | |
Preferred Bank, Los Angeles | 2,952 | 202,419 | |
Prosperity Bancshares, Inc. | 19,268 | 1,451,073 | |
QCR Holdings, Inc. | 3,226 | 177,882 | |
Renasant Corp. | 11,848 | 443,234 | |
S&T Bancorp, Inc. | 8,226 | 251,387 | |
Sandy Spring Bancorp, Inc. | 9,682 | 459,508 | |
Seacoast Banking Corp., Florida | 11,332 | 412,825 | |
ServisFirst Bancshares, Inc. | 10,264 | 824,302 | |
Signature Bank | 12,644 | 3,765,636 | |
Silvergate Capital Corp. (a) | 5,532 | 866,422 | |
Simmons First National Corp. Class A | 22,793 | 681,283 | |
Southside Bancshares, Inc. | 6,787 | 280,439 | |
Southstate Corp. | 14,643 | 1,143,472 | |
Sterling Bancorp | 40,192 | 1,022,886 | |
Stock Yards Bancorp, Inc. | 4,994 | 305,883 | |
Synovus Financial Corp. | 30,479 | 1,420,017 | |
Texas Capital Bancshares, Inc. (a) | 10,658 | 645,875 | |
Tompkins Financial Corp. | 2,613 | 214,553 | |
TowneBank | 13,417 | 422,904 | |
Trico Bancshares | 5,755 | 252,242 | |
TriState Capital Holdings, Inc. (a) | 5,902 | 177,355 | |
Triumph Bancorp, Inc. (a) | 4,942 | 579,697 | |
Trustmark Corp. | 12,671 | 403,065 | |
UMB Financial Corp. | 9,020 | 891,356 | |
Umpqua Holdings Corp. | 46,061 | 941,947 | |
United Bankshares, Inc., West Virginia | 27,033 | 999,951 | |
United Community Bank, Inc. | 18,179 | 633,356 | |
Univest Corp. of Pennsylvania | 6,249 | 179,346 | |
Valley National Bancorp | 84,822 | 1,124,740 | |
Veritex Holdings, Inc. | 10,235 | 419,123 | |
Washington Trust Bancorp, Inc. | 3,631 | 198,470 | |
Webster Financial Corp. | 18,895 | 1,057,364 | |
WesBanco, Inc. | 13,755 | 478,261 | |
Westamerica Bancorp. | 5,632 | 314,040 | |
Western Alliance Bancorp. | 21,759 | 2,526,002 | |
Wintrust Financial Corp. | 11,866 | 1,050,141 | |
Zions Bancorp NA | 33,701 | 2,122,826 | |
81,045,915 | |||
Capital Markets - 3.5% | |||
Affiliated Managers Group, Inc. | 8,596 | 1,443,096 | |
Apollo Global Management LLC Class A | 43,660 | 3,359,637 | |
Ares Management Corp. | 34,011 | 2,882,092 | |
Artisan Partners Asset Management, Inc. | 13,708 | 679,094 | |
Assetmark Financial Holdings, Inc. (a) | 3,723 | 95,458 | |
B. Riley Financial, Inc. | 3,327 | 238,413 | |
BGC Partners, Inc. Class A | 69,828 | 374,976 | |
Blucora, Inc. (a) | 10,133 | 167,397 | |
BrightSphere Investment Group, Inc. | 12,217 | 366,266 | |
Carlyle Group LP | 28,802 | 1,617,232 | |
Cboe Global Markets, Inc. | 22,222 | 2,931,971 | |
Cohen & Steers, Inc. | 5,270 | 500,070 | |
Coinbase Global, Inc. (a) | 5,979 | 1,909,812 | |
Cowen Group, Inc. Class A | 5,869 | 221,437 | |
Diamond Hill Investment Group, Inc. | 672 | 145,730 | |
Donnelley Financial Solutions, Inc. (a) | 6,045 | 231,644 | |
Evercore, Inc. Class A | 8,233 | 1,250,099 | |
FactSet Research Systems, Inc. | 7,858 | 3,488,088 | |
Federated Hermes, Inc. | 20,348 | 677,792 | |
Focus Financial Partners, Inc. Class A (a) | 10,621 | 667,636 | |
Franklin Resources, Inc. | 58,429 | 1,839,929 | |
Greenhill & Co., Inc. | 3,188 | 50,115 | |
Hamilton Lane, Inc. Class A | 7,160 | 748,292 | |
Houlihan Lokey | 10,525 | 1,179,642 | |
Interactive Brokers Group, Inc. | 18,286 | 1,295,563 | |
Invesco Ltd. | 70,942 | 1,802,636 | |
Janus Henderson Group PLC | 35,803 | 1,664,840 | |
Jefferies Financial Group, Inc. | 41,009 | 1,763,387 | |
Lazard Ltd. Class A | 23,505 | 1,151,510 | |
LPL Financial | 16,733 | 2,744,547 | |
Moelis & Co. Class A | 12,721 | 925,326 | |
Morningstar, Inc. | 4,930 | 1,561,578 | |
Open Lending Corp. (a) | 21,121 | 665,734 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 1,812 | 94,315 | |
Piper Jaffray Companies | 2,998 | 493,741 | |
PJT Partners, Inc. | 5,375 | 439,621 | |
Sculptor Capital Management, Inc. Class A | 3,994 | 105,841 | |
SEI Investments Co. | 22,429 | 1,413,924 | |
StepStone Group, Inc. Class A | 8,399 | 394,585 | |
Stifel Financial Corp. | 21,793 | 1,588,056 | |
StoneX Group, Inc. (a) | 3,512 | 242,714 | |
Tradeweb Markets, Inc. Class A | 21,950 | 1,955,745 | |
Victory Capital Holdings, Inc. | 3,525 | 133,598 | |
Virtu Financial, Inc. Class A | 18,582 | 462,320 | |
Virtus Investment Partners, Inc. | 1,477 | 472,640 | |
WisdomTree Investments, Inc. | 25,006 | 159,788 | |
48,597,927 | |||
Consumer Finance - 0.8% | |||
Credit Acceptance Corp. (a)(b) | 1,862 | 1,113,867 | |
CURO Group Holdings Corp. | 4,305 | 73,960 | |
Encore Capital Group, Inc. (a)(b) | 6,100 | 329,522 | |
Enova International, Inc. (a) | 7,716 | 250,307 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 11,117 | 82,933 | |
First Cash Financial Services, Inc. | 8,434 | 746,156 | |
Green Dot Corp. Class A (a) | 11,279 | 477,778 | |
LendingClub Corp. (a) | 20,571 | 945,443 | |
LendingTree, Inc. (a)(b) | 2,356 | 380,235 | |
Navient Corp. | 34,523 | 680,103 | |
Nelnet, Inc. Class A | 4,074 | 336,635 | |
OneMain Holdings, Inc. | 21,442 | 1,132,352 | |
PRA Group, Inc. (a)(b) | 9,650 | 413,792 | |
PROG Holdings, Inc. | 13,681 | 553,396 | |
SLM Corp. | 64,026 | 1,174,877 | |
Upstart Holdings, Inc. | 9,610 | 3,094,804 | |
World Acceptance Corp. (a)(b) | 895 | 165,924 | |
11,952,084 | |||
Diversified Financial Services - 0.4% | |||
A-Mark Precious Metals, Inc. | 1,664 | 124,783 | |
Cannae Holdings, Inc. (a) | 17,164 | 585,292 | |
Equitable Holdings, Inc. | 79,925 | 2,677,488 | |
Voya Financial, Inc. | 23,620 | 1,647,967 | |
5,035,530 | |||
Insurance - 3.8% | |||
Alleghany Corp. (a) | 2,882 | 1,877,277 | |
AMBAC Financial Group, Inc. (a) | 9,410 | 159,123 | |
American Equity Investment Life Holding Co. | 17,119 | 545,583 | |
American Financial Group, Inc. | 13,749 | 1,870,414 | |
American National Group, Inc. | 2,656 | 503,870 | |
Amerisafe, Inc. | 4,052 | 240,243 | |
Argo Group International Holdings, Ltd. | 7,041 | 387,959 | |
Assurant, Inc. | 12,224 | 1,971,853 | |
Assured Guaranty Ltd. | 15,064 | 837,257 | |
Athene Holding Ltd. (a) | 27,180 | 2,364,932 | |
Axis Capital Holdings Ltd. | 16,018 | 834,057 | |
Brighthouse Financial, Inc. (a) | 17,324 | 870,185 | |
Brown & Brown, Inc. | 48,611 | 3,067,840 | |
BRP Group, Inc. (a) | 10,657 | 388,981 | |
CNO Financial Group, Inc. | 26,604 | 642,221 | |
eHealth, Inc. (a) | 4,860 | 215,541 | |
Employers Holdings, Inc. | 6,087 | 234,958 | |
Enstar Group Ltd. (a) | 2,552 | 588,951 | |
Erie Indemnity Co. Class A | 5,168 | 1,063,626 | |
Everest Re Group Ltd. | 8,303 | 2,171,235 | |
Fidelity National Financial, Inc. | 59,266 | 2,839,434 | |
First American Financial Corp. | 22,800 | 1,667,592 | |
Genworth Financial, Inc. Class A (a) | 103,525 | 425,488 | |
Globe Life, Inc. | 19,471 | 1,733,308 | |
GoHealth, Inc. (a) | 13,837 | 74,720 | |
Goosehead Insurance | 4,056 | 585,281 | |
Greenlight Capital Re, Ltd. (a)(b) | 5,173 | 38,435 | |
Hanover Insurance Group, Inc. | 7,436 | 936,936 | |
HCI Group, Inc. | 1,413 | 189,356 | |
Heritage Insurance Holdings, Inc. | 5,910 | 38,651 | |
Horace Mann Educators Corp. | 8,781 | 344,040 | |
James River Group Holdings Ltd. | 7,897 | 252,309 | |
Kemper Corp. | 12,483 | 792,421 | |
Kinsale Capital Group, Inc. | 4,507 | 843,485 | |
Lemonade, Inc. (a)(b) | 7,860 | 488,578 | |
Lincoln National Corp. | 36,825 | 2,656,924 | |
Loews Corp. | 41,815 | 2,344,567 | |
MBIA, Inc. (a)(b) | 9,911 | 154,017 | |
Mercury General Corp. | 5,703 | 310,756 | |
National Western Life Group, Inc. | 482 | 103,635 | |
Old Republic International Corp. | 59,056 | 1,525,416 | |
Palomar Holdings, Inc. (a) | 4,969 | 454,415 | |
Primerica, Inc. | 8,196 | 1,378,895 | |
ProAssurance Corp. | 10,931 | 250,429 | |
Reinsurance Group of America, Inc. | 14,067 | 1,661,031 | |
RenaissanceRe Holdings Ltd. | 9,785 | 1,387,513 | |
RLI Corp. | 8,321 | 901,248 | |
Root, Inc. (b) | 17,676 | 82,017 | |
Safety Insurance Group, Inc. | 3,021 | 236,877 | |
Selective Insurance Group, Inc. | 12,574 | 985,424 | |
Selectquote, Inc. (a)(b) | 25,588 | 340,065 | |
Siriuspoint Ltd. (a) | 17,611 | 165,543 | |
Stewart Information Services Corp. | 5,632 | 400,829 | |
Trean Insurance Group, Inc. (a) | 4,114 | 38,672 | |
Trupanion, Inc. (a) | 7,156 | 732,774 | |
United Fire Group, Inc. | 4,539 | 92,732 | |
Universal Insurance Holdings, Inc. | 6,274 | 92,667 | |
Unum Group | 42,664 | 1,086,652 | |
W.R. Berkley Corp. | 29,126 | 2,318,430 | |
White Mountains Insurance Group Ltd. | 637 | 672,029 | |
52,459,697 | |||
Mortgage Real Estate Investment Trusts - 1.1% | |||
AG Mortgage Investment Trust, Inc. | 3,044 | 35,219 | |
AGNC Investment Corp. | 109,425 | 1,742,046 | |
Annaly Capital Management, Inc. | 299,709 | 2,535,538 | |
Apollo Commercial Real Estate Finance, Inc. | 27,427 | 415,245 | |
Arbor Realty Trust, Inc. | 30,182 | 606,960 | |
Ares Commercial Real Estate Corp. | 9,730 | 151,983 | |
Armour Residential REIT, Inc. | 16,384 | 172,360 | |
Blackstone Mortgage Trust, Inc. | 32,988 | 1,085,305 | |
BrightSpire Capital, Inc. | 19,059 | 186,969 | |
Broadmark Realty Capital, Inc. | 28,259 | 291,633 | |
Cherry Hill Mortgage Investment Corp. | 3,346 | 30,516 | |
Chimera Investment Corp. | 49,221 | 768,340 | |
Dynex Capital, Inc. | 7,134 | 124,845 | |
Ellington Financial LLC | 10,418 | 189,399 | |
Franklin BSP Realty Trust, Inc. (a) | 6,920 | 113,557 | |
Granite Point Mortgage Trust, Inc. | 11,137 | 149,236 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 16,536 | 998,774 | |
Invesco Mortgage Capital, Inc. | 58,833 | 184,736 | |
KKR Real Estate Finance Trust, Inc. (b) | 8,385 | 182,038 | |
Ladder Capital Corp. Class A | 22,658 | 271,896 | |
MFA Financial, Inc. | 80,226 | 361,819 | |
New Residential Investment Corp. | 97,433 | 1,106,839 | |
New York Mortgage Trust, Inc. | 76,959 | 337,850 | |
Orchid Island Capital, Inc. | 26,347 | 130,681 | |
PennyMac Mortgage Investment Trust | 20,948 | 422,102 | |
Ready Capital Corp. | 11,748 | 181,742 | |
Redwood Trust, Inc. | 22,863 | 310,022 | |
Starwood Property Trust, Inc. | 60,998 | 1,553,619 | |
TPG RE Finance Trust, Inc. | 12,751 | 166,656 | |
Two Harbors Investment Corp. | 63,602 | 408,325 | |
Western Asset Mortgage Capital Corp. | 11,997 | 30,232 | |
15,246,482 | |||
Thrifts & Mortgage Finance - 0.9% | |||
Axos Financial, Inc. (a) | 11,334 | 600,702 | |
Capitol Federal Financial, Inc. | 27,255 | 330,603 | |
Columbia Financial, Inc. (a) | 8,003 | 149,016 | |
Essent Group Ltd. | 23,445 | 1,125,360 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 1,913 | 241,210 | |
Flagstar Bancorp, Inc. | 10,873 | 513,097 | |
HomeStreet, Inc. | 4,108 | 193,733 | |
Kearny Financial Corp. | 16,341 | 219,296 | |
Merchants Bancorp | 3,555 | 157,949 | |
Meridian Bancorp, Inc. Maryland | 11,123 | 258,054 | |
Meta Financial Group, Inc. | 6,616 | 366,791 | |
MGIC Investment Corp. | 70,935 | 1,146,310 | |
Mr. Cooper Group, Inc. (a) | 17,881 | 783,903 | |
New York Community Bancorp, Inc. | 96,573 | 1,200,402 | |
NMI Holdings, Inc. (a) | 18,221 | 442,406 | |
Northfield Bancorp, Inc. | 8,955 | 157,160 | |
Northwest Bancshares, Inc. | 26,793 | 369,743 | |
Ocwen Financial Corp. (a)(b) | 1,541 | 48,403 | |
PennyMac Financial Services, Inc. | 6,916 | 429,207 | |
Premier Financial Corp. | 7,718 | 246,050 | |
Provident Financial Services, Inc. | 16,510 | 408,788 | |
Radian Group, Inc. | 38,625 | 921,979 | |
Rocket Companies, Inc. (b) | 28,100 | 463,088 | |
TFS Financial Corp. | 10,345 | 201,314 | |
Trustco Bank Corp., New York | 3,834 | 128,669 | |
Walker & Dunlop, Inc. | 6,109 | 794,598 | |
Washington Federal, Inc. | 13,938 | 492,848 | |
Waterstone Financial, Inc. | 3,976 | 82,184 | |
WSFS Financial Corp. | 10,111 | 523,851 | |
12,996,714 | |||
TOTAL FINANCIALS | 227,334,349 | ||
HEALTH CARE - 12.9% | |||
Biotechnology - 5.3% | |||
4D Molecular Therapeutics, Inc. | 4,257 | 102,296 | |
Abeona Therapeutics, Inc. (a) | 12,035 | 9,776 | |
ACADIA Pharmaceuticals, Inc. (a) | 24,164 | 433,744 | |
Acceleron Pharma, Inc. (a) | 11,117 | 1,936,359 | |
ADMA Biologics, Inc. (a) | 19,676 | 25,382 | |
Adverum Biotechnologies, Inc. (a)(b) | 17,165 | 38,965 | |
Aeglea BioTherapeutics, Inc. (a) | 7,687 | 56,269 | |
Agenus, Inc. (a) | 44,279 | 170,031 | |
Agios Pharmaceuticals, Inc. (a)(b) | 12,140 | 570,580 | |
Akebia Therapeutics, Inc. (a)(b) | 37,900 | 108,773 | |
Akero Therapeutics, Inc. (a)(b) | 4,696 | 100,917 | |
Akouos, Inc. (a)(b) | 4,805 | 44,783 | |
Albireo Pharma, Inc. (a)(b) | 3,611 | 105,513 | |
Aldeyra Therapeutics, Inc. (a)(b) | 10,205 | 92,866 | |
Alector, Inc. (a)(b) | 12,193 | 265,076 | |
Aligos Therapeutics, Inc. | 3,795 | 60,454 | |
Alkermes PLC (a) | 33,266 | 1,007,627 | |
Allakos, Inc. (a) | 7,212 | 725,383 | |
Allogene Therapeutics, Inc. (a)(b) | 15,749 | 271,513 | |
Allovir, Inc. (a)(b) | 5,992 | 143,868 | |
Altimmune, Inc. (a)(b) | 7,526 | 81,281 | |
ALX Oncology Holdings, Inc. (a) | 4,312 | 241,644 | |
Amicus Therapeutics, Inc. (a) | 49,409 | 518,795 | |
AnaptysBio, Inc. (a) | 3,998 | 131,534 | |
Anavex Life Sciences Corp. (a)(b) | 15,459 | 289,702 | |
Anika Therapeutics, Inc. (a) | 3,106 | 129,365 | |
Annexon, Inc. (a) | 5,265 | 85,872 | |
Apellis Pharmaceuticals, Inc. (a) | 14,667 | 450,864 | |
Applied Genetic Technologies Corp. (a) | 7,858 | 20,352 | |
Applied Molecular Transport, Inc. (a)(b) | 3,036 | 68,371 | |
Applied Therapeutics, Inc. (a)(b) | 3,182 | 46,680 | |
Arbutus Biopharma Corp. (a) | 16,255 | 65,508 | |
Arcturus Therapeutics Holdings, Inc. (a)(b) | 4,480 | 201,376 | |
Arcus Biosciences, Inc. (a)(b) | 9,765 | 326,542 | |
Arcutis Biotherapeutics, Inc. (a) | 5,848 | 123,861 | |
Ardelyx, Inc. (a)(b) | 14,314 | 17,320 | |
Arena Pharmaceuticals, Inc. (a) | 12,565 | 721,105 | |
Arrowhead Pharmaceuticals, Inc. (a) | 21,863 | 1,395,297 | |
Assembly Biosciences, Inc. (a) | 9,778 | 30,801 | |
Atara Biotherapeutics, Inc. (a) | 17,269 | 267,324 | |
Athenex, Inc. (a)(b) | 14,997 | 38,092 | |
Athersys, Inc. (a)(b) | 35,060 | 41,020 | |
Atreca, Inc. (a)(b) | 5,654 | 29,288 | |
Avid Bioservices, Inc. (a) | 12,817 | 393,226 | |
Avidity Biosciences, Inc. (a)(b) | 8,654 | 194,715 | |
Avita Medical, Inc. (a) | 4,838 | 79,682 | |
AVROBIO, Inc. (a) | 7,319 | 41,133 | |
Beam Therapeutics, Inc. (a)(b) | 9,165 | 813,577 | |
BeyondSpring, Inc. (a)(b) | 4,331 | 59,854 | |
BioAtla, Inc. | 3,345 | 97,774 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 36,798 | 549,394 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 12,097 | 1,721,645 | |
BioXcel Therapeutics, Inc. (a)(b) | 3,853 | 112,276 | |
Black Diamond Therapeutics, Inc. (a)(b) | 5,338 | 40,889 | |
bluebird bio, Inc. (a) | 13,890 | 325,165 | |
Blueprint Medicines Corp. (a) | 12,334 | 1,387,452 | |
Bolt Biotherapeutics, Inc. (b) | 2,502 | 32,751 | |
BrainStorm Cell Therpeutic, Inc. (a)(b) | 6,444 | 18,655 | |
BridgeBio Pharma, Inc. (a)(b) | 22,981 | 1,134,802 | |
Burning Rock Biotech Ltd. ADR (a) | 9,630 | 135,687 | |
C4 Therapeutics, Inc. | 7,602 | 337,681 | |
Calithera Biosciences, Inc. (a) | 13,001 | 25,092 | |
Capricor Therapeutics, Inc. (a)(b) | 3,386 | 12,596 | |
CareDx, Inc. (a) | 10,848 | 553,248 | |
Catalyst Biosciences, Inc. (a) | 6,988 | 22,991 | |
Catalyst Pharmaceutical Partners, Inc. (a)(b) | 21,670 | 127,853 | |
Cel-Sci Corp. (a) | 8,806 | 98,627 | |
Celldex Therapeutics, Inc. (a) | 9,582 | 407,618 | |
ChemoCentryx, Inc. (a) | 10,036 | 349,353 | |
Chimerix, Inc. (a) | 14,763 | 77,358 | |
Chinook Therapeutics, Inc. (a) | 7,858 | 84,395 | |
Clene, Inc. (a)(b) | 4,227 | 22,953 | |
Clovis Oncology, Inc. (a)(b) | 23,204 | 100,473 | |
Codiak Biosciences, Inc. (b) | 3,297 | 47,510 | |
Coherus BioSciences, Inc. (a)(b) | 13,714 | 229,435 | |
Concert Pharmaceuticals, Inc. (a) | 9,217 | 25,255 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 31,562 | 31,562 | |
Cortexyme, Inc. (a)(b) | 3,483 | 45,976 | |
Crinetics Pharmaceuticals, Inc. (a) | 6,044 | 150,677 | |
Cue Biopharma, Inc. (a) | 6,062 | 74,017 | |
Cullinan Oncology, Inc. | 4,946 | 109,900 | |
Cyclerion Therapeutics, Inc. (a)(b) | 7,247 | 18,552 | |
Cytokinetics, Inc. (a) | 17,427 | 608,377 | |
CytomX Therapeutics, Inc. (a)(b) | 13,971 | 82,848 | |
Deciphera Pharmaceuticals, Inc. (a) | 8,640 | 288,490 | |
Denali Therapeutics, Inc. (a) | 19,423 | 939,102 | |
DermTech, Inc. (a)(b) | 5,303 | 145,037 | |
Dicerna Pharmaceuticals, Inc. (a) | 14,424 | 300,163 | |
Dynavax Technologies Corp. (a)(b) | 22,404 | 447,408 | |
Dyne Therapeutics, Inc. (a) | 5,019 | 72,826 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 2,629 | 137,681 | |
Editas Medicine, Inc. (a)(b) | 14,068 | 516,577 | |
Eiger Biopharmaceuticals, Inc. (a) | 6,643 | 44,774 | |
Emergent BioSolutions, Inc. (a) | 9,819 | 468,072 | |
Enanta Pharmaceuticals, Inc. (a) | 3,823 | 328,205 | |
Epizyme, Inc. (a)(b) | 20,180 | 84,756 | |
Exelixis, Inc. (a) | 66,156 | 1,423,016 | |
Fate Therapeutics, Inc. (a) | 16,984 | 913,739 | |
FibroGen, Inc. (a) | 18,298 | 203,474 | |
Flexion Therapeutics, Inc. (a) | 10,917 | 100,982 | |
Foghorn Therapeutics, Inc. (b) | 3,979 | 50,494 | |
Forma Therapeutics Holdings, Inc. (a) | 6,395 | 118,691 | |
Fortress Biotech, Inc. (a) | 13,283 | 43,303 | |
Frequency Therapeutics, Inc. (a)(b) | 6,057 | 38,038 | |
G1 Therapeutics, Inc. (a)(b) | 7,207 | 104,429 | |
Generation Bio Co. (a)(b) | 9,024 | 189,143 | |
Geron Corp. (a)(b) | 63,102 | 97,177 | |
Global Blood Therapeutics, Inc. (a) | 11,682 | 426,627 | |
GlycoMimetics, Inc. (a) | 10,123 | 19,335 | |
Gossamer Bio, Inc. (a) | 10,836 | 134,583 | |
Gt Biopharma, Inc. (a) | 3,792 | 24,496 | |
Halozyme Therapeutics, Inc. (a) | 29,375 | 1,118,306 | |
Harpoon Therapeutics, Inc. (a) | 4,314 | 27,006 | |
Heat Biologics, Inc. (a)(b) | 5,498 | 29,359 | |
Heron Therapeutics, Inc. (a)(b) | 21,040 | 231,650 | |
Homology Medicines, Inc. (a)(b) | 7,217 | 41,353 | |
iBio, Inc. (a) | 41,322 | 32,231 | |
Ideaya Biosciences, Inc. (a) | 6,739 | 144,484 | |
IGM Biosciences, Inc. (a)(b) | 1,511 | 70,896 | |
Immatics NV (a)(b) | 7,506 | 107,561 | |
ImmunityBio, Inc. (a)(b) | 13,466 | 105,439 | |
ImmunoGen, Inc. (a) | 37,978 | 229,007 | |
Immunovant, Inc. (a)(b) | 8,410 | 67,616 | |
Inhibrx, Inc. (a) | 4,207 | 169,079 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 43,217 | 308,569 | |
Inozyme Pharma, Inc. (a) | 1,692 | 15,803 | |
Insmed, Inc. (a)(b) | 23,716 | 715,037 | |
Intellia Therapeutics, Inc. (a) | 14,257 | 1,895,896 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 5,886 | 99,238 | |
Invitae Corp. (a)(b) | 42,132 | 1,116,498 | |
Ionis Pharmaceuticals, Inc. (a) | 29,073 | 926,557 | |
Iovance Biotherapeutics, Inc. (a) | 27,719 | 673,849 | |
Ironwood Pharmaceuticals, Inc. Class A (a) | 33,488 | 427,642 | |
iTeos Therapeutics, Inc. (a) | 4,120 | 110,210 | |
Iveric Bio, Inc. (a)(b) | 20,131 | 356,319 | |
Jounce Therapeutics, Inc. (a) | 6,707 | 58,887 | |
Kadmon Holdings, Inc. (a)(b) | 33,004 | 311,888 | |
Kalvista Pharmaceuticals, Inc. (a) | 4,741 | 85,243 | |
Karuna Therapeutics, Inc. (a) | 4,496 | 631,148 | |
Karyopharm Therapeutics, Inc. (a)(b) | 13,790 | 75,293 | |
Keros Therapeutics, Inc. (a) | 2,675 | 111,601 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 5,191 | 53,934 | |
Kinnate Biopharma, Inc. (b) | 3,588 | 85,287 | |
Kodiak Sciences, Inc. (a) | 7,028 | 822,909 | |
Kronos Bio, Inc. (b) | 8,417 | 138,544 | |
Krystal Biotech, Inc. (a) | 3,723 | 186,485 | |
Kura Oncology, Inc. (a) | 13,585 | 223,066 | |
Kymera Therapeutics, Inc. (a) | 7,267 | 427,881 | |
Ligand Pharmaceuticals, Inc. Class B (a)(b) | 3,440 | 502,034 | |
Lineage Cell Therapeutics, Inc. (a)(b) | 25,389 | 57,887 | |
Macrogenics, Inc. (a) | 11,320 | 221,080 | |
Madrigal Pharmaceuticals, Inc. (a) | 2,436 | 189,399 | |
Magenta Therapeutics, Inc. (a)(b) | 7,509 | 48,058 | |
MannKind Corp. (a)(b) | 51,051 | 240,450 | |
Matinas BioPharma Holdings, Inc. (a) | 36,943 | 41,007 | |
MediciNova, Inc. (a)(b) | 10,069 | 33,832 | |
MEI Pharma, Inc. (a) | 18,577 | 52,387 | |
Mersana Therapeutics, Inc. (a) | 13,845 | 118,513 | |
Mirati Therapeutics, Inc. (a) | 9,622 | 1,818,750 | |
Mirum Pharmaceuticals, Inc. (a) | 2,989 | 47,465 | |
Molecular Templates, Inc. (a)(b) | 9,134 | 47,679 | |
Morphic Holding, Inc. (a) | 5,351 | 307,683 | |
Mustang Bio, Inc. (a) | 18,711 | 41,913 | |
Myriad Genetics, Inc. (a) | 16,061 | 494,197 | |
Natera, Inc. (a) | 18,092 | 2,072,800 | |
Neoleukin Therapeutics, Inc. (a) | 6,582 | 48,246 | |
Neubase Therapeutics, Inc. (a)(b) | 7,533 | 27,872 | |
Neurocrine Biosciences, Inc. (a) | 19,904 | 2,098,081 | |
NextCure, Inc. (a) | 4,146 | 34,080 | |
Nkarta, Inc. (a) | 3,364 | 52,748 | |
Nurix Therapeutics, Inc. (a) | 8,227 | 275,193 | |
Olema Pharmaceuticals, Inc. | 6,001 | 162,027 | |
Oncorus, Inc. (a)(b) | 3,926 | 41,851 | |
Opko Health, Inc. (a)(b) | 84,289 | 319,455 | |
ORIC Pharmaceuticals, Inc. (a) | 6,496 | 95,101 | |
Ovid Therapeutics, Inc. (a) | 12,795 | 43,503 | |
Oyster Point Pharma, Inc. (a)(b) | 2,743 | 32,313 | |
Palatin Technologies, Inc. (a)(b) | 34,369 | 14,023 | |
Passage Bio, Inc. (a)(b) | 7,244 | 63,168 | |
PDL BioPharma, Inc. (a)(c) | 15,583 | 38,490 | |
PMV Pharmaceuticals, Inc. (a) | 5,585 | 131,918 | |
Poseida Therapeutics, Inc. (a)(b) | 6,114 | 39,191 | |
Praxis Precision Medicines, Inc. | 7,183 | 149,406 | |
Precigen, Inc. (a)(b) | 20,256 | 97,836 | |
Precision BioSciences, Inc. (a) | 9,273 | 88,001 | |
Prelude Therapeutics, Inc. (a)(b) | 2,690 | 47,290 | |
Protagonist Therapeutics, Inc. (a) | 9,214 | 287,108 | |
Prothena Corp. PLC (a) | 7,150 | 395,753 | |
PTC Therapeutics, Inc. (a) | 14,523 | 550,857 | |
Puma Biotechnology, Inc. (a) | 6,894 | 35,159 | |
Radius Health, Inc. (a) | 9,749 | 210,578 | |
RAPT Therapeutics, Inc. (a) | 4,015 | 126,794 | |
Recro Pharma, Inc. (a) | 5,421 | 10,571 | |
REGENXBIO, Inc. (a) | 7,962 | 282,173 | |
Relay Therapeutics, Inc. (a) | 12,807 | 425,833 | |
Repligen Corp. (a) | 10,672 | 3,100,216 | |
Replimune Group, Inc. (a) | 6,024 | 177,768 | |
Revolution Medicines, Inc. (a)(b) | 12,759 | 375,497 | |
Rhythm Pharmaceuticals, Inc. (a)(b) | 7,860 | 90,469 | |
Rigel Pharmaceuticals, Inc. (a) | 36,636 | 123,097 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 9,227 | 274,134 | |
Rubius Therapeutics, Inc. (a)(b) | 8,499 | 120,771 | |
Sage Therapeutics, Inc. (a) | 10,664 | 430,399 | |
Sangamo Therapeutics, Inc. (a) | 24,954 | 202,626 | |
Sarepta Therapeutics, Inc. (a) | 16,754 | 1,325,744 | |
Scholar Rock Holding Corp. (a)(b) | 5,414 | 142,388 | |
Selecta Biosciences, Inc. (a) | 20,285 | 72,823 | |
Seres Therapeutics, Inc. (a) | 13,882 | 84,403 | |
Sesen Bio, Inc. (a) | 42,326 | 51,214 | |
Shattuck Labs, Inc. (b) | 5,750 | 110,975 | |
Silverback Therapeutics, Inc. | 4,570 | 39,439 | |
Sorrento Therapeutics, Inc. (a)(b) | 61,325 | 420,690 | |
Spectrum Pharmaceuticals, Inc. (a) | 30,268 | 55,390 | |
Spero Therapeutics, Inc. (a)(b) | 5,797 | 101,795 | |
Springworks Therapeutics, Inc. (a)(b) | 5,377 | 360,582 | |
Spruce Biosciences, Inc. | 1,384 | 6,588 | |
SQZ Biotechnologies Co. (b) | 3,822 | 51,177 | |
Stoke Therapeutics, Inc. (a) | 4,399 | 100,429 | |
Sutro Biopharma, Inc. (a)(b) | 8,792 | 177,247 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 8,745 | 170,090 | |
Syros Pharmaceuticals, Inc. (a) | 11,612 | 47,958 | |
T2 Biosystems, Inc. (a)(b) | 30,543 | 23,656 | |
Talaris Therapeutics, Inc. (a)(b) | 1,874 | 31,652 | |
Taysha Gene Therapies, Inc. (a)(b) | 4,705 | 73,586 | |
TCR2 Therapeutics, Inc. (a)(b) | 6,161 | 38,814 | |
TG Therapeutics, Inc. (a)(b) | 27,870 | 870,101 | |
Travere Therapeutics, Inc. (a) | 10,487 | 302,130 | |
Trevena, Inc. (a)(b) | 32,240 | 32,562 | |
Turning Point Therapeutics, Inc. (a) | 10,170 | 422,869 | |
Twist Bioscience Corp. (a) | 10,248 | 1,217,462 | |
Ultragenyx Pharmaceutical, Inc. (a) | 14,142 | 1,186,797 | |
uniQure B.V. (a) | 7,441 | 226,727 | |
United Therapeutics Corp. (a) | 9,407 | 1,794,479 | |
UNITY Biotechnology, Inc. (a) | 5,370 | 12,834 | |
Vanda Pharmaceuticals, Inc. (a) | 12,104 | 207,220 | |
Vaxart, Inc. (a)(b) | 25,159 | 168,817 | |
Vaxcyte, Inc. (a) | 6,438 | 150,649 | |
VBI Vaccines, Inc. (a) | 50,765 | 147,219 | |
Veracyte, Inc. (a) | 14,794 | 708,337 | |
Verastem, Inc. (a) | 34,606 | 89,976 | |
Vericel Corp. (a)(b) | 9,629 | 443,127 | |
Viking Therapeutics, Inc. (a)(b) | 15,430 | 89,803 | |
Vir Biotechnology, Inc. (a) | 15,064 | 568,365 | |
Vor Biopharma, Inc. (a)(b) | 2,170 | 34,134 | |
Voyager Therapeutics, Inc. (a)(b) | 8,625 | 31,223 | |
Xbiotech, Inc. | 3,456 | 50,665 | |
Xencor, Inc. (a) | 11,976 | 473,771 | |
Y-mAbs Therapeutics, Inc. (a) | 7,070 | 173,639 | |
Zentalis Pharmaceuticals, Inc. (a) | 7,489 | 602,415 | |
ZIOPHARM Oncology, Inc. (a)(b) | 44,408 | 66,612 | |
73,280,885 | |||
Health Care Equipment & Supplies - 2.5% | |||
Accelerate Diagnostics, Inc. (a)(b) | 6,746 | 39,801 | |
Accuray, Inc. (a) | 19,363 | 96,621 | |
Acutus Medical, Inc. (a)(b) | 4,285 | 33,594 | |
Alphatec Holdings, Inc. (a) | 14,788 | 173,463 | |
Angiodynamics, Inc. (a) | 7,870 | 225,082 | |
Aspira Women's Health, Inc. (a)(b) | 12,859 | 43,078 | |
Atricure, Inc. (a) | 9,437 | 708,341 | |
Atrion Corp. | 299 | 217,672 | |
Avanos Medical, Inc. (a) | 9,693 | 305,717 | |
AxoGen, Inc. (a) | 8,485 | 128,887 | |
Axonics Modulation Technologies, Inc. (a) | 9,522 | 698,439 | |
BioLife Solutions, Inc. (a) | 6,029 | 320,441 | |
BioSig Technologies, Inc. (a)(b) | 7,365 | 19,886 | |
Bioventus, Inc. (b) | 1,713 | 25,866 | |
Cardiovascular Systems, Inc. (a) | 8,568 | 300,565 | |
Cerus Corp. (a) | 35,642 | 235,237 | |
Co.-Diagnostics, Inc. (a)(b) | 5,745 | 47,166 | |
CONMED Corp. (b) | 6,129 | 896,550 | |
Cryolife, Inc. (a)(b) | 8,424 | 173,871 | |
CryoPort, Inc. (a)(b) | 9,643 | 786,290 | |
Cutera, Inc. (a) | 3,357 | 144,351 | |
CytoSorbents Corp. (a)(b) | 8,928 | 52,586 | |
Dentsply Sirona, Inc. | 45,424 | 2,598,707 | |
Eargo, Inc. (a)(b) | 4,773 | 42,002 | |
Envista Holdings Corp. (a) | 33,826 | 1,322,597 | |
Glaukos Corp. (a) | 9,565 | 437,216 | |
Globus Medical, Inc. (a) | 16,561 | 1,278,012 | |
Haemonetics Corp. (a) | 10,703 | 735,403 | |
Heska Corp. (a) | 2,185 | 488,413 | |
Hill-Rom Holdings, Inc. | 13,655 | 2,115,160 | |
ICU Medical, Inc. (a) | 4,175 | 977,493 | |
Inari Medical, Inc. (a) | 6,565 | 594,264 | |
Inogen, Inc. (a) | 4,068 | 161,296 | |
Integer Holdings Corp. (a) | 6,768 | 609,255 | |
Integra LifeSciences Holdings Corp. (a) | 15,295 | 1,016,506 | |
Intersect ENT, Inc. (a) | 6,971 | 188,008 | |
Invacare Corp. (a) | 6,661 | 32,905 | |
iRhythm Technologies, Inc. (a) | 6,034 | 423,225 | |
Lantheus Holdings, Inc. (a) | 13,874 | 324,513 | |
LeMaitre Vascular, Inc. | 4,190 | 217,922 | |
LivaNova PLC (a) | 11,160 | 856,195 | |
Meridian Bioscience, Inc. (a) | 9,006 | 169,403 | |
Merit Medical Systems, Inc. (a) | 10,663 | 717,193 | |
Mesa Laboratories, Inc. | 1,057 | 323,125 | |
Natus Medical, Inc. (a) | 7,220 | 180,861 | |
Neogen Corp. (a) | 22,696 | 960,268 | |
Nevro Corp. (a) | 7,295 | 829,733 | |
NuVasive, Inc. (a) | 10,567 | 563,855 | |
OraSure Technologies, Inc. (a) | 14,763 | 157,521 | |
Ortho Clinical Diagnostics Holdings PLC | 23,110 | 456,885 | |
Orthofix International NV (a) | 4,126 | 148,453 | |
OrthoPediatrics Corp. (a)(b) | 2,953 | 210,165 | |
Outset Medical, Inc. (a) | 8,304 | 442,354 | |
Penumbra, Inc. (a) | 7,146 | 1,976,226 | |
Pulmonx Corp. | 7,057 | 274,729 | |
Pulse Biosciences, Inc. (a)(b) | 2,868 | 60,486 | |
Quidel Corp. (a) | 7,922 | 1,051,804 | |
Quotient Ltd. (a) | 17,730 | 44,857 | |
Repro Medical Systems, Inc. (a)(b) | 4,787 | 11,920 | |
Retractable Technologies, Inc. (a)(b) | 2,923 | 27,652 | |
Seaspine Holdings Corp. (a) | 6,632 | 99,215 | |
Shockwave Medical, Inc. (a) | 7,305 | 1,561,079 | |
SI-BONE, Inc. (a) | 5,475 | 123,461 | |
Sientra, Inc. (a)(b) | 11,005 | 64,489 | |
Silk Road Medical, Inc. (a) | 7,130 | 418,602 | |
SmileDirectClub, Inc. (a)(b) | 21,502 | 110,735 | |
Staar Surgical Co. (a) | 9,912 | 1,174,176 | |
Surgalign Holdings, Inc. (a)(b) | 20,143 | 19,363 | |
SurModics, Inc. (a) | 2,874 | 159,967 | |
Tactile Systems Technology, Inc. (a) | 4,404 | 151,894 | |
Talis Biomedical Corp. | 3,157 | 16,890 | |
Tandem Diabetes Care, Inc. (a) | 13,095 | 1,785,241 | |
TransMedics Group, Inc. (a) | 5,709 | 156,598 | |
Vapotherm, Inc. (a)(b) | 4,796 | 109,685 | |
Varex Imaging Corp. (a) | 7,997 | 214,719 | |
ViewRay, Inc. (a) | 28,963 | 211,720 | |
Zynex, Inc. (a)(b) | 4,273 | 53,541 | |
35,131,461 | |||
Health Care Providers & Services - 2.4% | |||
1Life Healthcare, Inc. (a) | 23,789 | 515,270 | |
Acadia Healthcare Co., Inc. (a) | 18,797 | 1,165,414 | |
Accolade, Inc. (a) | 11,850 | 471,512 | |
AdaptHealth Corp. (a) | 19,591 | 533,855 | |
Addus HomeCare Corp. (a) | 3,254 | 304,249 | |
Amedisys, Inc. (a) | 6,823 | 1,155,407 | |
AMN Healthcare Services, Inc. (a) | 9,885 | 975,650 | |
Apollo Medical Holdings, Inc. (a)(b) | 7,751 | 531,951 | |
Apria, Inc. (b) | 1,545 | 57,829 | |
Brookdale Senior Living, Inc. (a) | 39,340 | 255,710 | |
Castle Biosciences, Inc. (a) | 4,827 | 300,963 | |
Chemed Corp. | 3,295 | 1,589,014 | |
Community Health Systems, Inc. (a) | 26,716 | 349,980 | |
Corvel Corp. (a) | 2,004 | 367,173 | |
Covetrus, Inc. (a) | 21,059 | 425,181 | |
Cross Country Healthcare, Inc. (a) | 7,763 | 160,927 | |
DaVita HealthCare Partners, Inc. (a) | 13,942 | 1,439,372 | |
Encompass Health Corp. | 20,828 | 1,323,828 | |
Fulgent Genetics, Inc. (a)(b) | 3,962 | 328,529 | |
Hanger, Inc. (a) | 8,255 | 154,203 | |
HealthEquity, Inc. (a) | 17,463 | 1,155,701 | |
Henry Schein, Inc. (a) | 28,973 | 2,212,089 | |
InfuSystems Holdings, Inc. (a) | 3,639 | 60,517 | |
LHC Group, Inc. (a) | 6,663 | 896,773 | |
Magellan Health Services, Inc. (a) | 4,614 | 437,546 | |
MEDNAX, Inc. (a) | 17,663 | 480,963 | |
Modivcare, Inc. (a) | 2,525 | 410,994 | |
Molina Healthcare, Inc. (a) | 12,176 | 3,600,687 | |
National Healthcare Corp. | 2,861 | 200,098 | |
National Research Corp. Class A | 3,002 | 129,987 | |
Ontrak, Inc. (a)(b) | 1,652 | 14,207 | |
Option Care Health, Inc. (a) | 28,973 | 791,832 | |
Owens & Minor, Inc. | 15,808 | 567,191 | |
Patterson Companies, Inc. | 17,623 | 550,895 | |
Pennant Group, Inc. (a) | 5,607 | 143,371 | |
PetIQ, Inc. Class A (a)(b) | 5,376 | 134,669 | |
Premier, Inc. | 25,538 | 994,705 | |
Progyny, Inc. (a) | 14,436 | 886,803 | |
R1 RCM, Inc. (a) | 28,153 | 610,920 | |
RadNet, Inc. (a) | 9,240 | 287,272 | |
Select Medical Holdings Corp. | 22,306 | 741,005 | |
Surgery Partners, Inc. (a) | 6,169 | 253,793 | |
Tenet Healthcare Corp. (a) | 22,353 | 1,601,816 | |
The Ensign Group, Inc. | 10,977 | 856,316 | |
The Joint Corp. (a) | 3,050 | 266,814 | |
Tivity Health, Inc. (a) | 8,839 | 221,152 | |
Triple-S Management Corp. (a) | 5,087 | 179,520 | |
U.S. Physical Therapy, Inc. | 2,779 | 299,743 | |
Universal Health Services, Inc. Class B | 15,796 | 1,960,284 | |
33,353,680 | |||
Health Care Technology - 0.8% | |||
Allscripts Healthcare Solutions, Inc. (a) | 25,331 | 349,061 | |
American Well Corp. (a) | 36,885 | 331,965 | |
Certara, Inc. | 19,497 | 805,421 | |
Change Healthcare, Inc. (a) | 51,913 | 1,117,687 | |
Computer Programs & Systems, Inc. (a) | 2,953 | 106,603 | |
Evolent Health, Inc. (a) | 16,332 | 478,038 | |
GoodRx Holdings, Inc. (a)(b) | 13,178 | 587,739 | |
Health Catalyst, Inc. (a)(b) | 10,446 | 549,877 | |
HealthStream, Inc. (a) | 5,418 | 144,173 | |
iCAD, Inc. (a) | 5,015 | 52,908 | |
Inovalon Holdings, Inc. Class A (a) | 16,079 | 655,862 | |
Inspire Medical Systems, Inc. (a) | 5,660 | 1,525,823 | |
Nextgen Healthcare, Inc. (a) | 11,943 | 196,582 | |
Omnicell, Inc. (a) | 9,130 | 1,626,510 | |
OptimizeRx Corp. (a)(b) | 3,634 | 351,408 | |
Phreesia, Inc. (a) | 10,409 | 734,251 | |
Schrodinger, Inc. (a) | 9,607 | 524,350 | |
Simulations Plus, Inc. (b) | 3,380 | 170,690 | |
Tabula Rasa HealthCare, Inc. (a)(b) | 4,686 | 127,225 | |
Vocera Communications, Inc. (a) | 7,229 | 409,017 | |
10,845,190 | |||
Life Sciences Tools & Services - 0.9% | |||
Adaptive Biotechnologies Corp. (a) | 22,802 | 761,815 | |
Bruker Corp. | 21,224 | 1,704,287 | |
ChromaDex, Inc. (a)(b) | 10,241 | 63,392 | |
Codexis, Inc. (a) | 12,422 | 431,913 | |
Fluidigm Corp. (a)(b) | 15,312 | 78,857 | |
Frontage Holdings Corp. (a)(d) | 144,000 | 84,211 | |
Maravai LifeSciences Holdings, Inc. | 22,846 | 966,157 | |
Medpace Holdings, Inc. (a) | 5,995 | 1,358,167 | |
Nanostring Technologies, Inc. (a) | 9,616 | 464,453 | |
NeoGenomics, Inc. (a) | 25,795 | 1,186,570 | |
Pacific Biosciences of California, Inc. (a) | 41,687 | 1,103,872 | |
Personalis, Inc. (a)(b) | 7,302 | 143,265 | |
PPD, Inc. (a) | 24,516 | 1,156,420 | |
Quanterix Corp. (a) | 6,908 | 349,614 | |
Seer, Inc. | 7,233 | 267,042 | |
Sotera Health Co. | 20,191 | 498,718 | |
Syneos Health, Inc. (a) | 21,593 | 2,015,491 | |
12,634,244 | |||
Pharmaceuticals - 1.0% | |||
AcelRx Pharmaceuticals, Inc. (a) | 22,928 | 20,177 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 9,845 | 104,652 | |
Agile Therapeutics, Inc. (a)(b) | 20,508 | 16,271 | |
Amneal Pharmaceuticals, Inc. (a) | 20,001 | 109,805 | |
Amphastar Pharmaceuticals, Inc. (a)(b) | 8,093 | 151,177 | |
Ampio Pharmaceuticals, Inc. (a)(b) | 39,865 | 62,189 | |
ANI Pharmaceuticals, Inc. (a)(b) | 1,882 | 70,349 | |
Antares Pharma, Inc. (a) | 32,874 | 122,949 | |
Aquestive Therapeutics, Inc. (a)(b) | 6,404 | 32,917 | |
Arvinas Holding Co. LLC (a) | 9,054 | 783,895 | |
Athira Pharma, Inc. (a) | 6,641 | 86,798 | |
Avalo Therapeutics, Inc. (a) | 17,926 | 41,947 | |
Axsome Therapeutics, Inc. (a)(b) | 6,009 | 231,347 | |
Aytu BioScience, Inc. (a)(b) | 4,407 | 10,973 | |
Biodelivery Sciences International, Inc. (a) | 20,692 | 84,423 | |
Cara Therapeutics, Inc. (a) | 9,507 | 160,003 | |
Collegium Pharmaceutical, Inc. (a) | 7,348 | 144,241 | |
Corcept Therapeutics, Inc. (a) | 21,523 | 387,414 | |
CorMedix, Inc. (a)(b) | 6,304 | 30,637 | |
CymaBay Therapeutics, Inc. (a)(b) | 15,713 | 61,281 | |
Durect Corp. (a)(b) | 45,205 | 57,862 | |
Endo International PLC (a) | 47,811 | 203,197 | |
Esperion Therapeutics, Inc. (a)(b) | 5,755 | 51,450 | |
Evofem Biosciences, Inc. (a)(b) | 32,977 | 22,675 | |
Evolus, Inc. (a)(b) | 6,957 | 54,404 | |
Fulcrum Therapeutics, Inc. (a)(b) | 5,815 | 128,744 | |
Innoviva, Inc. (a) | 13,647 | 238,140 | |
Intra-Cellular Therapies, Inc. (a) | 15,340 | 660,694 | |
Jazz Pharmaceuticals PLC (a) | 12,670 | 1,685,617 | |
Kala Pharmaceuticals, Inc. (a)(b) | 7,376 | 12,834 | |
Lannett Co., Inc. (a)(b) | 6,309 | 17,224 | |
Liquidia Technologies, Inc. (a) | 9,105 | 34,144 | |
Marinus Pharmaceuticals, Inc. (a)(b) | 7,240 | 83,260 | |
Nektar Therapeutics (a) | 37,636 | 570,562 | |
NGM Biopharmaceuticals, Inc. (a) | 7,640 | 141,111 | |
Ocular Therapeutix, Inc. (a) | 16,272 | 108,046 | |
Odonate Therapeutics, Inc. (a) | 3,545 | 10,883 | |
Omeros Corp. (a)(b) | 13,619 | 85,391 | |
OptiNose, Inc. (a)(b) | 8,541 | 22,634 | |
Pacira Biosciences, Inc. (a) | 9,408 | 491,850 | |
Paratek Pharmaceuticals, Inc. (a)(b) | 7,851 | 39,412 | |
Perrigo Co. PLC | 27,966 | 1,262,665 | |
Phathom Pharmaceuticals, Inc. (a)(b) | 2,860 | 67,296 | |
Phibro Animal Health Corp. Class A | 4,668 | 102,416 | |
Pliant Therapeutics, Inc. (a)(b) | 4,503 | 71,733 | |
Prestige Brands Holdings, Inc. (a) | 10,207 | 612,318 | |
Provention Bio, Inc. (a)(b) | 11,730 | 73,430 | |
Reata Pharmaceuticals, Inc. (a)(b) | 5,712 | 548,409 | |
Relmada Therapeutics, Inc. (a) | 3,001 | 70,433 | |
Revance Therapeutics, Inc. (a) | 13,588 | 186,835 | |
Royalty Pharma PLC | 73,921 | 2,922,097 | |
SIGA Technologies, Inc. (a) | 9,746 | 70,269 | |
Supernus Pharmaceuticals, Inc. (a) | 11,251 | 335,842 | |
Tarsus Pharmaceuticals, Inc. (a)(b) | 1,182 | 32,812 | |
TherapeuticsMD, Inc. (a)(b) | 71,745 | 52,230 | |
Theravance Biopharma, Inc. (a) | 10,613 | 82,463 | |
Tricida, Inc. (a)(b) | 5,461 | 24,957 | |
Vyne Therapeutics, Inc. (a)(b) | 9,434 | 12,642 | |
WAVE Life Sciences (a)(b) | 9,578 | 43,963 | |
Xeris Biopharma Holdings, Inc. (a)(b) | 18,551 | 34,505 | |
Xeris Biopharma Holdings, Inc. rights (a)(c) | 12,393 | 2,245 | |
Zogenix, Inc. (a) | 10,143 | 155,492 | |
Zynerba Pharmaceuticals, Inc. (a)(b) | 10,454 | 40,039 | |
14,238,670 | |||
TOTAL HEALTH CARE | 179,484,130 | ||
INDUSTRIALS - 15.9% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. (a) | 6,676 | 236,130 | |
Aerojet Rocketdyne Holdings, Inc. | 15,463 | 680,527 | |
AeroVironment, Inc. (a)(b) | 4,876 | 434,500 | |
Astronics Corp. (a) | 4,969 | 64,100 | |
Axon Enterprise, Inc. (a) | 13,691 | 2,463,832 | |
BWX Technologies, Inc. | 19,790 | 1,122,885 | |
Byrna Technologies, Inc. (a) | 3,256 | 54,864 | |
Curtiss-Wright Corp. | 8,473 | 1,081,833 | |
Ducommun, Inc. (a) | 2,363 | 114,346 | |
Hexcel Corp. (a)(b) | 17,572 | 997,035 | |
Howmet Aerospace, Inc. | 80,060 | 2,376,981 | |
Huntington Ingalls Industries, Inc. | 8,341 | 1,690,971 | |
Kaman Corp. | 5,743 | 205,542 | |
Kratos Defense & Security Solutions, Inc. (a)(b) | 25,495 | 545,338 | |
Maxar Technologies, Inc. | 15,358 | 407,755 | |
Mercury Systems, Inc. (a) | 11,752 | 605,698 | |
Moog, Inc. Class A | 5,910 | 446,382 | |
National Presto Industries, Inc. | 1,028 | 85,478 | |
PAE, Inc. (a) | 13,150 | 130,448 | |
Park Aerospace Corp. | 4,034 | 52,805 | |
Parsons Corp. (a) | 5,586 | 193,499 | |
Spirit AeroSystems Holdings, Inc. Class A | 22,134 | 913,913 | |
Textron, Inc. | 46,678 | 3,447,170 | |
Triumph Group, Inc. (a) | 13,236 | 270,676 | |
Vectrus, Inc. (a) | 2,514 | 121,753 | |
Virgin Galactic Holdings, Inc. (a)(b) | 37,047 | 694,631 | |
19,439,092 | |||
Air Freight & Logistics - 0.5% | |||
Air Transport Services Group, Inc. (a) | 11,836 | 294,598 | |
Atlas Air Worldwide Holdings, Inc. (a) | 5,523 | 448,026 | |
C.H. Robinson Worldwide, Inc. | 27,449 | 2,662,279 | |
Echo Global Logistics, Inc. (a) | 5,483 | 264,445 | |
Forward Air Corp. | 5,548 | 557,907 | |
GXO Logistics, Inc. (a) | 20,560 | 1,825,728 | |
Hub Group, Inc. Class A (a) | 7,065 | 555,097 | |
6,608,080 | |||
Airlines - 0.5% | |||
Alaska Air Group, Inc. (a) | 25,985 | 1,372,008 | |
Allegiant Travel Co. (a) | 3,084 | 540,533 | |
American Airlines Group, Inc. (a)(b) | 135,328 | 2,598,298 | |
Hawaiian Holdings, Inc. (a)(b) | 10,477 | 202,730 | |
JetBlue Airways Corp. (a) | 66,826 | 937,569 | |
Mesa Air Group, Inc. (a) | 7,382 | 55,660 | |
SkyWest, Inc. (a) | 10,628 | 457,323 | |
Spirit Airlines, Inc. (a) | 22,121 | 483,344 | |
6,647,465 | |||
Building Products - 1.9% | |||
A.O. Smith Corp. | 27,752 | 2,027,839 | |
AAON, Inc. | 8,691 | 622,710 | |
Advanced Drain Systems, Inc. | 11,586 | 1,306,901 | |
Allegion PLC | 18,721 | 2,401,904 | |
Alpha PRO Tech Ltd. (a)(b) | 2,626 | 15,809 | |
American Woodmark Corp. (a) | 3,409 | 234,335 | |
Apogee Enterprises, Inc. | 5,607 | 235,102 | |
Armstrong World Industries, Inc. | 9,855 | 1,041,181 | |
Builders FirstSource, Inc. (a) | 43,175 | 2,515,807 | |
Carlisle Companies, Inc. | 10,826 | 2,413,332 | |
Cornerstone Building Brands, Inc. (a) | 11,003 | 157,453 | |
CSW Industrials, Inc. | 3,219 | 446,218 | |
Gibraltar Industries, Inc. (a) | 6,913 | 450,451 | |
Griffon Corp. | 9,979 | 264,344 | |
Insteel Industries, Inc. | 4,262 | 173,336 | |
Jeld-Wen Holding, Inc. (a) | 19,408 | 531,973 | |
Lennox International, Inc. | 7,113 | 2,128,779 | |
Masonite International Corp. (a) | 5,055 | 606,651 | |
Owens Corning | 21,390 | 1,998,040 | |
PGT Innovations, Inc. (a) | 12,996 | 277,465 | |
Quanex Building Products Corp. | 7,197 | 149,122 | |
Resideo Technologies, Inc. (a) | 29,721 | 732,920 | |
Simpson Manufacturing Co. Ltd. | 9,051 | 960,221 | |
The AZEK Co., Inc. (a) | 23,251 | 853,079 | |
Trex Co., Inc. (a) | 24,052 | 2,559,133 | |
UFP Industries, Inc. | 12,850 | 1,051,516 | |
Zurn Water Solutions Corp. | 25,273 | 916,904 | |
27,072,525 | |||
Commercial Services & Supplies - 1.3% | |||
ABM Industries, Inc. | 14,132 | 621,949 | |
ACCO Brands Corp. | 19,651 | 162,514 | |
ADT, Inc. (b) | 29,533 | 246,601 | |
Brady Corp. Class A | 10,183 | 530,432 | |
BrightView Holdings, Inc. (a) | 10,031 | 159,092 | |
Casella Waste Systems, Inc. Class A (a) | 10,552 | 915,069 | |
Cimpress PLC (a) | 3,846 | 343,525 | |
Clean Harbors, Inc. (a) | 10,406 | 1,171,091 | |
CoreCivic, Inc. (a) | 25,703 | 221,303 | |
Covanta Holding Corp. | 24,234 | 489,042 | |
Deluxe Corp. | 9,093 | 324,347 | |
Driven Brands Holdings, Inc. | 11,207 | 363,891 | |
Ennis, Inc. | 5,177 | 98,052 | |
Harsco Corp. (a) | 16,120 | 275,652 | |
Healthcare Services Group, Inc. | 15,944 | 305,965 | |
Herman Miller, Inc. | 15,888 | 618,361 | |
HNI Corp. | 8,877 | 332,000 | |
IAA, Inc. (a) | 27,908 | 1,664,712 | |
Interface, Inc. | 11,785 | 169,233 | |
KAR Auction Services, Inc. (a) | 24,431 | 358,403 | |
Kimball International, Inc. Class B | 7,309 | 79,449 | |
Matthews International Corp. Class A | 6,273 | 215,603 | |
Montrose Environmental Group, Inc. (a) | 4,777 | 327,463 | |
MSA Safety, Inc. | 7,592 | 1,161,804 | |
Pitney Bowes, Inc. | 33,660 | 233,600 | |
R.R. Donnelley & Sons Co. (a) | 15,930 | 101,952 | |
Rollins, Inc. | 46,988 | 1,655,387 | |
SP Plus Corp. (a) | 5,177 | 166,958 | |
Steelcase, Inc. Class A | 18,677 | 222,256 | |
Stericycle, Inc. (a) | 18,959 | 1,268,736 | |
Team, Inc. (a) | 6,321 | 15,297 | |
Tetra Tech, Inc. | 11,277 | 1,980,918 | |
The Brink's Co. | 10,403 | 716,559 | |
U.S. Ecology, Inc. (a) | 6,453 | 207,722 | |
UniFirst Corp. | 3,202 | 633,868 | |
Viad Corp. (a) | 4,074 | 180,763 | |
�� | 18,539,569 | ||
Construction & Engineering - 1.2% | |||
AECOM (a) | 29,924 | 2,045,904 | |
Ameresco, Inc. Class A (a)(b) | 6,324 | 519,390 | |
API Group Corp. (a) | 40,728 | 887,056 | |
Arcosa, Inc. | 9,860 | 510,058 | |
Argan, Inc. | 3,075 | 126,875 | |
Comfort Systems U.S.A., Inc. | 7,587 | 693,983 | |
Construction Partners, Inc. Class A (a)(b) | 7,721 | 274,945 | |
Dycom Industries, Inc. (a) | 6,307 | 500,902 | |
EMCOR Group, Inc. | 11,253 | 1,367,127 | |
Fluor Corp. (a)(b) | 29,590 | 575,230 | |
Granite Construction, Inc. | 9,345 | 346,886 | |
Great Lakes Dredge & Dock Corp. (a) | 13,663 | 207,951 | |
IES Holdings, Inc. (a) | 1,762 | 87,836 | |
INNOVATE Corp. (a) | 8,943 | 35,325 | |
MasTec, Inc. (a) | 11,993 | 1,068,936 | |
Matrix Service Co. (a) | 5,289 | 54,106 | |
MYR Group, Inc. (a) | 3,499 | 357,423 | |
NV5 Global, Inc. (a)(b) | 2,353 | 245,018 | |
Primoris Services Corp. | 11,356 | 306,044 | |
Quanta Services, Inc. | 29,003 | 3,517,484 | |
Sterling Construction Co., Inc. (a) | 6,026 | 144,865 | |
Tutor Perini Corp. (a) | 9,282 | 126,421 | |
Valmont Industries, Inc. | 4,436 | 1,060,027 | |
Willscot Mobile Mini Holdings (a) | 46,567 | 1,618,203 | |
16,677,995 | |||
Electrical Equipment - 1.4% | |||
Acuity Brands, Inc. | 7,412 | 1,522,647 | |
American Superconductor Corp. (a)(b) | 6,064 | 111,456 | |
Array Technologies, Inc. | 25,117 | 536,248 | |
Atkore, Inc. (a) | 9,659 | 913,065 | |
AZZ, Inc. | 5,077 | 269,741 | |
Blink Charging Co. (a)(b) | 7,494 | 238,309 | |
Bloom Energy Corp. Class A (a)(b) | 30,473 | 952,586 | |
Encore Wire Corp. | 4,318 | 578,871 | |
Energous Corp. (a)(b) | 16,649 | 31,966 | |
EnerSys | 8,933 | 714,997 | |
FuelCell Energy, Inc. (a)(b) | 66,255 | 529,377 | |
GrafTech International Ltd. | 41,683 | 446,008 | |
Hubbell, Inc. Class B | 11,329 | 2,258,663 | |
nVent Electric PLC | 35,099 | 1,244,260 | |
Orion Energy Systems, Inc. (a) | 6,681 | 27,325 | |
Powell Industries, Inc. | 1,903 | 49,212 | |
Regal Rexnord Corp. | 8,527 | 1,298,918 | |
Sensata Technologies, Inc. PLC (a) | 32,969 | 1,816,592 | |
Shoals Technologies Group, Inc. | 21,281 | 659,498 | |
Sunrun, Inc. (a) | 42,905 | 2,474,760 | |
Thermon Group Holdings, Inc. (a) | 6,773 | 117,037 | |
TPI Composites, Inc. (a) | 7,649 | 257,236 | |
Vertiv Holdings Co. | 58,688 | 1,507,108 | |
Vicor Corp. (a) | 4,485 | 679,881 | |
19,235,761 | |||
Industrial Conglomerates - 0.0% | |||
Raven Industries, Inc. (a) | 7,376 | 426,480 | |
Machinery - 3.7% | |||
AGCO Corp. | 12,859 | 1,571,498 | |
Alamo Group, Inc. (b) | 2,119 | 320,393 | |
Albany International Corp. Class A | 6,742 | 543,742 | |
Allison Transmission Holdings, Inc. | 22,218 | 741,192 | |
Altra Industrial Motion Corp. | 13,635 | 711,065 | |
Astec Industries, Inc. | 4,647 | 248,057 | |
Barnes Group, Inc. | 9,394 | 393,984 | |
Blue Bird Corp. (a) | 3,362 | 65,929 | |
Chart Industries, Inc. (a) | 7,400 | 1,313,648 | |
CIRCOR International, Inc. (a) | 4,267 | 121,780 | |
Colfax Corp. (a)(b) | 26,941 | 1,390,694 | |
Columbus McKinnon Corp. (NY Shares) | 5,970 | 282,202 | |
Crane Co. | 10,417 | 1,075,868 | |
Donaldson Co., Inc. | 26,073 | 1,564,641 | |
Douglas Dynamics, Inc. | 4,460 | 188,658 | |
Energy Recovery, Inc. (a) | 7,952 | 161,585 | |
Enerpac Tool Group Corp. Class A | 12,705 | 265,407 | |
EnPro Industries, Inc. | 4,116 | 369,041 | |
ESCO Technologies, Inc. | 5,318 | 449,690 | |
Evoqua Water Technologies Corp. (a) | 25,158 | 1,052,359 | |
ExOne Co. (a) | 3,769 | 86,762 | |
Federal Signal Corp. | 12,857 | 550,408 | |
Flowserve Corp. | 27,272 | 916,885 | |
Franklin Electric Co., Inc. | 8,197 | 708,057 | |
Gorman-Rupp Co. | 4,487 | 190,787 | |
Graco, Inc. | 35,350 | 2,657,613 | |
Helios Technologies, Inc. | 6,801 | 619,231 | |
Hillenbrand, Inc. | 15,249 | 693,220 | |
Hydrofarm Holdings Group, Inc. (b) | 7,341 | 242,033 | |
Hyster-Yale Materials Handling Class A | 2,076 | 99,731 | |
ITT, Inc. | 17,897 | 1,683,571 | |
John Bean Technologies Corp. | 6,633 | 980,026 | |
Kadant, Inc. | 2,384 | 529,534 | |
Kennametal, Inc. | 17,544 | 697,374 | |
Lincoln Electric Holdings, Inc. | 12,326 | 1,755,222 | |
Lindsay Corp. | 2,212 | 322,222 | |
Manitowoc Co., Inc. (a) | 7,865 | 168,547 | |
Meritor, Inc. (a) | 14,254 | 346,942 | |
Middleby Corp. (a) | 11,574 | 2,111,561 | |
Miller Industries, Inc. | 2,773 | 100,216 | |
Mueller Industries, Inc. | 11,900 | 626,416 | |
Mueller Water Products, Inc. Class A | 32,304 | 530,109 | |
Nikola Corp. (a)(b) | 41,680 | 491,824 | |
NN, Inc. (a) | 8,653 | 43,178 | |
Nordson Corp. | 11,219 | 2,851,982 | |
Omega Flex, Inc. | 715 | 103,503 | |
Oshkosh Corp. | 14,374 | 1,538,018 | |
Pentair PLC | 34,417 | 2,545,825 | |
Proto Labs, Inc. (a) | 5,722 | 342,233 | |
RBC Bearings, Inc. (a) | 5,935 | 1,388,375 | |
REV Group, Inc. | 7,344 | 110,968 | |
Snap-On, Inc. | 11,263 | 2,288,979 | |
SPX Corp. (a) | 9,500 | 551,855 | |
SPX Flow, Inc. | 8,668 | 647,586 | |
Standex International Corp. | 2,424 | 269,718 | |
Tennant Co. | 3,907 | 310,450 | |
Terex Corp. | 14,368 | 643,686 | |
The Greenbrier Companies, Inc. | 6,566 | 269,337 | |
The Shyft Group, Inc. | 6,641 | 273,676 | |
Timken Co. | 14,527 | 1,030,691 | |
Toro Co. | 22,337 | 2,132,513 | |
Trinity Industries, Inc. (b) | 16,835 | 472,222 | |
Wabash National Corp. | 9,838 | 152,784 | |
Watts Water Technologies, Inc. Class A | 5,755 | 1,093,565 | |
Welbilt, Inc. (a) | 26,506 | 627,132 | |
Woodward, Inc. | 13,200 | 1,490,940 | |
51,118,940 | |||
Marine - 0.1% | |||
Genco Shipping & Trading Ltd. | 7,582 | 130,183 | |
Kirby Corp. (a) | 12,343 | 646,897 | |
Matson, Inc. | 8,955 | 745,772 | |
1,522,852 | |||
Professional Services - 1.6% | |||
Acacia Research Corp. (a) | 11,886 | 68,107 | |
ASGN, Inc. (a) | 11,004 | 1,316,739 | |
Barrett Business Services, Inc. | 1,694 | 138,908 | |
Booz Allen Hamilton Holding Corp. Class A | 28,105 | 2,441,200 | |
CACI International, Inc. Class A (a) | 4,876 | 1,402,533 | |
CBIZ, Inc. (a) | 10,916 | 400,726 | |
CRA International, Inc. | 1,510 | 165,828 | |
Dun & Bradstreet Holdings, Inc. (a) | 31,309 | 589,862 | |
Exponent, Inc. | 10,868 | 1,247,646 | |
Forrester Research, Inc. (a) | 2,410 | 128,333 | |
Franklin Covey Co. (a) | 2,403 | 101,527 | |
FTI Consulting, Inc. (a) | 7,104 | 1,022,408 | |
Heidrick & Struggles International, Inc. | 4,328 | 202,897 | |
Huron Consulting Group, Inc. (a) | 4,853 | 243,426 | |
ICF International, Inc. | 3,622 | 363,975 | |
Insperity, Inc. | 7,497 | 937,125 | |
KBR, Inc. | 29,181 | 1,238,442 | |
Kelly Services, Inc. Class A (non-vtg.) | 7,943 | 143,212 | |
Kforce, Inc. | 4,120 | 266,811 | |
Korn Ferry | 11,638 | 898,570 | |
Manpower, Inc. | 11,352 | 1,097,171 | |
ManTech International Corp. Class A | 5,777 | 498,093 | |
Nielsen Holdings PLC | 74,297 | 1,504,514 | |
Resources Connection, Inc. | 6,269 | 109,143 | |
Robert Half International, Inc. | 23,302 | 2,634,757 | |
Science Applications Internati | 12,059 | 1,082,657 | |
TriNet Group, Inc. (a) | 8,349 | 845,336 | |
TrueBlue, Inc. (a) | 7,494 | 208,708 | |
Upwork, Inc. (a) | 24,850 | 1,170,932 | |
Willdan Group, Inc. (a) | 2,274 | 76,020 | |
22,545,606 | |||
Road & Rail - 1.2% | |||
AMERCO | 2,032 | 1,497,564 | |
ArcBest Corp. | 5,256 | 472,252 | |
Avis Budget Group, Inc. (a) | 9,839 | 1,705,197 | |
Covenant Transport Group, Inc. Class A (a) | 2,659 | 75,516 | |
Daseke, Inc. (a) | 13,245 | 125,165 | |
Heartland Express, Inc. | 9,225 | 150,644 | |
J.B. Hunt Transport Services, Inc. | 17,511 | 3,452,994 | |
Knight-Swift Transportation Holdings, Inc. Class A | 34,573 | 1,959,943 | |
Landstar System, Inc. | 7,969 | 1,401,030 | |
Marten Transport Ltd. | 12,947 | 215,309 | |
Ryder System, Inc. | 11,204 | 951,780 | |
Saia, Inc. (a) | 5,484 | 1,714,518 | |
Schneider National, Inc. Class B | 6,922 | 172,635 | |
U.S. Xpress Enterprises, Inc. (a) | 4,110 | 31,113 | |
Werner Enterprises, Inc. | 12,887 | 584,039 | |
XPO Logistics, Inc. (a) | 20,452 | 1,754,782 | |
Yellow Corp. (a) | 6,791 | 59,421 | |
16,323,902 | |||
Trading Companies & Distributors - 1.1% | |||
Air Lease Corp. Class A | 22,290 | 892,715 | |
Applied Industrial Technologies, Inc. | 8,120 | 791,538 | |
Beacon Roofing Supply, Inc. (a) | 11,577 | 612,076 | |
BlueLinx Corp. (a) | 2,030 | 96,689 | |
Boise Cascade Co. | 8,065 | 456,640 | |
CAI International, Inc. | 3,265 | 182,611 | |
DXP Enterprises, Inc. (a) | 3,478 | 114,635 | |
GATX Corp. | 7,361 | 698,191 | |
Global Industrial Co. | 3,548 | 143,978 | |
GMS, Inc. (a) | 8,850 | 438,341 | |
H&E Equipment Services, Inc. | 6,740 | 303,839 | |
Herc Holdings, Inc. | 5,172 | 941,511 | |
McGrath RentCorp. | 5,180 | 373,685 | |
MRC Global, Inc. (a) | 12,344 | 102,455 | |
MSC Industrial Direct Co., Inc. Class A | 9,708 | 816,152 | |
NOW, Inc. (a) | 23,485 | 169,562 | |
Rush Enterprises, Inc. Class A | 8,983 | 467,835 | |
SiteOne Landscape Supply, Inc. (a) | 9,278 | 2,179,959 | |
Textainer Group Holdings Ltd. (a) | 9,352 | 367,440 | |
Titan Machinery, Inc. (a) | 4,127 | 117,289 | |
Triton International Ltd. | 14,008 | 871,158 | |
Univar, Inc. (a) | 35,602 | 910,699 | |
Veritiv Corp. (a) | 2,915 | 312,692 | |
Watsco, Inc. | 6,858 | 1,985,940 | |
WESCO International, Inc. (a) | 9,263 | 1,200,114 | |
15,547,744 | |||
TOTAL INDUSTRIALS | 221,706,011 | ||
INFORMATION TECHNOLOGY - 14.8% | |||
Communications Equipment - 0.8% | |||
ADTRAN, Inc. | 10,519 | 194,391 | |
Applied Optoelectronics, Inc. (a)(b) | 5,217 | 39,910 | |
CalAmp Corp. (a) | 7,566 | 72,785 | |
Calix, Inc. (a) | 11,430 | 715,404 | |
Casa Systems, Inc. (a) | 6,713 | 42,493 | |
Ciena Corp. (a) | 31,981 | 1,736,248 | |
Clearfield, Inc. (a) | 2,445 | 138,118 | |
CommScope Holding Co., Inc. (a) | 41,796 | 447,635 | |
Comtech Telecommunications Corp. | 5,253 | 113,307 | |
Digi International, Inc. (a) | 6,907 | 148,846 | |
Extreme Networks, Inc. (a) | 26,951 | 264,928 | |
Harmonic, Inc. (a) | 21,886 | 198,506 | |
Infinera Corp. (a)(b) | 43,836 | 332,715 | |
Inseego Corp. (a)(b) | 16,715 | 103,633 | |
Juniper Networks, Inc. | 67,619 | 1,996,113 | |
Lumentum Holdings, Inc. (a) | 15,706 | 1,297,001 | |
NETGEAR, Inc. (a)(b) | 6,546 | 188,721 | |
NetScout Systems, Inc. (a) | 15,549 | 420,756 | |
Ondas Holdings, Inc. (b) | 5,178 | 44,375 | |
Plantronics, Inc. (a)(b) | 8,664 | 231,849 | |
Resonant, Inc. (a)(b) | 9,097 | 20,377 | |
Ribbon Communications, Inc. (a) | 24,542 | 134,245 | |
ViaSat, Inc. (a)(b) | 15,307 | 913,675 | |
Viavi Solutions, Inc. (a) | 46,400 | 714,560 | |
10,510,591 | |||
Electronic Equipment & Components - 1.8% | |||
908 Devices, Inc. (b) | 2,780 | 91,462 | |
Advanced Energy Industries, Inc. | 8,034 | 737,682 | |
Airgain, Inc. (a) | 2,149 | 24,133 | |
Akoustis Technologies, Inc. (a) | 10,733 | 80,712 | |
Arlo Technologies, Inc. (a) | 16,591 | 114,478 | |
Arrow Electronics, Inc. (a) | 14,913 | 1,726,180 | |
Avnet, Inc. | 20,750 | 790,783 | |
Badger Meter, Inc. | 6,144 | 628,224 | |
Belden, Inc. | 9,182 | 552,848 | |
Benchmark Electronics, Inc. | 6,982 | 162,750 | |
Coherent, Inc. (a) | 5,068 | 1,289,299 | |
CTS Corp. | 7,128 | 253,899 | |
ePlus, Inc. (a) | 2,888 | 319,326 | |
Fabrinet (a) | 7,752 | 744,192 | |
FARO Technologies, Inc. (a) | 3,690 | 271,473 | |
II-VI, Inc. (a)(b) | 21,949 | 1,328,134 | |
Insight Enterprises, Inc. (a) | 7,272 | 688,658 | |
Intellicheck, Inc. (a)(b) | 3,902 | 34,689 | |
IPG Photonics Corp. (a) | 7,476 | 1,188,759 | |
Itron, Inc. (a) | 9,473 | 736,715 | |
Jabil, Inc. | 30,438 | 1,825,062 | |
Kimball Electronics, Inc. (a) | 5,298 | 152,318 | |
Knowles Corp. (a) | 18,741 | 390,562 | |
Littelfuse, Inc. | 5,117 | 1,507,212 | |
Luna Innovations, Inc. (a)(b) | 5,988 | 58,323 | |
Methode Electronics, Inc. Class A | 7,802 | 328,230 | |
MicroVision, Inc. (a)(b) | 33,906 | 258,025 | |
Napco Security Technolgies, Inc. (a) | 2,970 | 142,441 | |
National Instruments Corp. | 27,798 | 1,180,581 | |
nLIGHT, Inc. (a) | 8,864 | 249,256 | |
Novanta, Inc. (a) | 7,392 | 1,275,564 | |
OSI Systems, Inc. (a) | 3,393 | 315,922 | |
Par Technology Corp. (a)(b) | 5,033 | 316,173 | |
PC Connection, Inc. | 2,332 | 107,389 | |
Plexus Corp. (a) | 5,929 | 517,720 | |
Rogers Corp. (a) | 3,923 | 788,994 | |
Sanmina Corp. (a) | 13,229 | 499,395 | |
ScanSource, Inc. (a) | 5,459 | 195,323 | |
TD SYNNEX Corp. | 8,722 | 915,810 | |
TTM Technologies, Inc. (a)(b) | 21,935 | 290,419 | |
Vishay Intertechnology, Inc. | 27,178 | 522,361 | |
Vishay Precision Group, Inc. (a) | 2,643 | 90,100 | |
Vontier Corp. | 35,194 | 1,190,613 | |
Wrap Technologies, Inc. (a) | 4,437 | 25,291 | |
24,907,480 | |||
IT Services - 3.3% | |||
Affirm Holdings, Inc. | 19,363 | 3,146,488 | |
Alliance Data Systems Corp. | 10,443 | 890,266 | |
Amdocs Ltd. | 26,508 | 2,063,383 | |
BigCommerce Holdings, Inc. (a)(b) | 12,151 | 561,498 | |
Brightcove, Inc. (a) | 8,392 | 83,249 | |
Cantaloupe, Inc. (a) | 12,182 | 152,275 | |
Cass Information Systems, Inc. | 2,479 | 101,614 | |
Concentrix Corp. | 8,947 | 1,589,703 | |
Conduent, Inc. (a) | 32,668 | 220,509 | |
CSG Systems International, Inc. | 6,945 | 347,597 | |
DXC Technology Co. (a) | 52,199 | 1,700,121 | |
Euronet Worldwide, Inc. (a) | 10,960 | 1,229,602 | |
EVERTEC, Inc. | 12,435 | 562,186 | |
EVO Payments, Inc. Class A (a) | 10,123 | 219,467 | |
ExlService Holdings, Inc. (a) | 6,954 | 852,769 | |
Fastly, Inc. Class A (a)(b) | 22,161 | 1,121,568 | |
Genpact Ltd. | 35,877 | 1,770,530 | |
GreenSky, Inc. Class A (a) | 14,485 | 177,296 | |
Grid Dynamics Holdings, Inc. (a) | 8,971 | 257,916 | |
Hackett Group, Inc. | 6,077 | 128,468 | |
i3 Verticals, Inc. Class A (a) | 4,599 | 102,972 | |
International Money Express, Inc. (a) | 6,970 | 116,678 | |
Jack Henry & Associates, Inc. | 15,483 | 2,577,610 | |
Limelight Networks, Inc. (a) | 26,118 | 77,832 | |
Liveramp Holdings, Inc. (a) | 14,181 | 758,825 | |
Maximus, Inc. | 12,857 | 1,087,316 | |
MoneyGram International, Inc. (a) | 18,877 | 112,696 | |
Paysign, Inc. (a) | 8,196 | 20,654 | |
Perficient, Inc. (a) | 6,915 | 854,694 | |
Rackspace Technology, Inc. (a)(b) | 12,698 | 168,756 | |
Repay Holdings Corp. (a) | 15,204 | 319,436 | |
Sabre Corp. (a)(b) | 67,655 | 702,259 | |
Sezzle, Inc. unit (a)(b) | 18,415 | 73,419 | |
Shift4 Payments, Inc. (a)(b) | 9,735 | 614,571 | |
Snowflake Computing, Inc. (a) | 47,461 | 16,793,577 | |
SolarWinds, Inc. (b) | 9,363 | 150,744 | |
Switch, Inc. Class A | 26,372 | 666,684 | |
The Western Union Co. | 84,306 | 1,536,055 | |
Ttec Holdings, Inc. | 3,779 | 356,700 | |
Tucows, Inc. (a)(b) | 2,010 | 165,423 | |
Unisys Corp. (a) | 14,139 | 361,534 | |
Verra Mobility Corp. (a) | 27,357 | 407,072 | |
WEX, Inc. (a) | 9,277 | 1,388,767 | |
46,590,779 | |||
Semiconductors & Semiconductor Equipment - 2.1% | |||
ACM Research, Inc. (a) | 2,516 | 267,124 | |
Allegro MicroSystems LLC (a) | 11,291 | 376,668 | |
Alpha & Omega Semiconductor Ltd. (a) | 4,349 | 150,693 | |
Ambarella, Inc. (a) | 7,526 | 1,398,557 | |
Amkor Technology, Inc. | 20,630 | 452,210 | |
Atomera, Inc. (a)(b) | 4,613 | 99,687 | |
Axcelis Technologies, Inc. (a) | 6,900 | 379,017 | |
AXT, Inc. (a) | 7,945 | 64,911 | |
Brooks Automation, Inc. | 15,425 | 1,796,241 | |
CEVA, Inc. (a) | 4,960 | 226,226 | |
Cirrus Logic, Inc. (a) | 12,017 | 971,094 | |
CMC Materials, Inc. | 6,100 | 783,057 | |
Cohu, Inc. (a) | 10,155 | 325,366 | |
CyberOptics Corp. (a) | 1,503 | 62,765 | |
Diodes, Inc. (a) | 9,438 | 906,897 | |
DSP Group, Inc. (a) | 4,703 | 103,325 | |
First Solar, Inc. (a) | 20,600 | 2,463,554 | |
FormFactor, Inc. (a) | 16,372 | 651,278 | |
Ichor Holdings Ltd. (a) | 5,911 | 258,429 | |
Impinj, Inc. (a) | 3,814 | 265,912 | |
Kopin Corp. (a) | 15,897 | 83,300 | |
Kulicke & Soffa Industries, Inc. (b) | 12,982 | 739,974 | |
Lattice Semiconductor Corp. (a) | 28,397 | 1,971,888 | |
MACOM Technology Solutions Holdings, Inc. (a) | 10,015 | 699,247 | |
MaxLinear, Inc. Class A (a) | 14,659 | 923,517 | |
MKS Instruments, Inc. | 11,538 | 1,731,277 | |
NeoPhotonics Corp. (a) | 10,931 | 110,622 | |
NVE Corp. | 1,066 | 72,456 | |
Onto Innovation, Inc. (a) | 10,351 | 819,903 | |
PDF Solutions, Inc. (a) | 6,175 | 145,298 | |
Photronics, Inc. (a) | 13,611 | 176,807 | |
Pixelworks, Inc. (a) | 9,780 | 40,000 | |
Power Integrations, Inc. | 12,567 | 1,297,040 | |
Rambus, Inc. (a) | 22,105 | 514,383 | |
Semtech Corp. (a) | 13,565 | 1,153,432 | |
Silicon Laboratories, Inc. (a)(b) | 8,437 | 1,592,568 | |
SiTime Corp. (a) | 2,680 | 709,905 | |
SMART Global Holdings, Inc. (a) | 4,736 | 253,187 | |
SunPower Corp. (a)(b) | 17,330 | 583,328 | |
Synaptics, Inc. (a) | 7,314 | 1,423,085 | |
Ultra Clean Holdings, Inc. (a) | 9,435 | 467,693 | |
Universal Display Corp. | 9,018 | 1,652,098 | |
Veeco Instruments, Inc. (a)(b) | 10,700 | 259,903 | |
29,423,922 | |||
Software - 6.5% | |||
8x8, Inc. (a) | 23,400 | 530,244 | |
A10 Networks, Inc. | 12,805 | 239,325 | |
ACI Worldwide, Inc. (a) | 24,493 | 751,445 | |
Agilysys, Inc. (a) | 3,964 | 189,162 | |
Alarm.com Holdings, Inc. (a) | 9,659 | 813,867 | |
Altair Engineering, Inc. Class A (a) | 9,689 | 753,707 | |
Alteryx, Inc. Class A (a) | 12,466 | 912,387 | |
American Software, Inc. Class A | 6,547 | 189,405 | |
Anaplan, Inc. (a) | 30,178 | 1,967,907 | |
AppFolio, Inc. (a) | 3,970 | 522,809 | |
Appian Corp. Class A (a)(b) | 8,279 | 823,015 | |
Asana, Inc. (a) | 16,263 | 2,208,515 | |
Aspen Technology, Inc. (a) | 14,147 | 2,216,693 | |
Avaya Holdings Corp. (a) | 17,115 | 318,681 | |
Benefitfocus, Inc. (a)(b) | 5,937 | 65,070 | |
Bill.Com Holdings, Inc. (a) | 18,382 | 5,410,006 | |
Blackbaud, Inc. (a) | 8,840 | 627,728 | |
BlackLine, Inc. (a) | 11,128 | 1,411,809 | |
Bottomline Technologies, Inc. (a) | 8,425 | 390,078 | |
Box, Inc. Class A (a) | 32,139 | 830,150 | |
C3.Ai, Inc. (b) | 14,663 | 661,595 | |
CDK Global, Inc. | 25,328 | 1,102,275 | |
Cerence, Inc. (a)(b) | 7,948 | 835,573 | |
ChannelAdvisor Corp. (a) | 6,287 | 160,381 | |
CommVault Systems, Inc. (a) | 9,437 | 580,376 | |
Consensus Cloud Solutions, Inc. (a) | 4,541 | 287,582 | |
Digimarc Corp. (a)(b) | 3,008 | 151,994 | |
Digital Turbine, Inc. (a) | 18,260 | 1,571,456 | |
Dolby Laboratories, Inc. Class A | 13,610 | 1,202,444 | |
Domo, Inc. Class B (a) | 5,947 | 525,417 | |
Dropbox, Inc. Class A (a) | 59,702 | 1,820,314 | |
Duck Creek Technologies, Inc. (a) | 15,421 | 485,762 | |
Dynatrace, Inc. (a) | 40,938 | 3,070,350 | |
Ebix, Inc. (b) | 4,899 | 160,736 | |
eGain Communications Corp. (a) | 4,546 | 46,915 | |
Elastic NV (a) | 14,884 | 2,582,523 | |
Envestnet, Inc. (a) | 11,338 | 946,723 | |
Everbridge, Inc. (a) | 7,996 | 1,273,843 | |
Five9, Inc. (a) | 14,115 | 2,230,311 | |
Guidewire Software, Inc. (a) | 17,218 | 2,164,819 | |
Intelligent Systems Corp. (a)(b) | 1,618 | 68,490 | |
InterDigital, Inc. | 6,233 | 417,299 | |
Jamf Holding Corp. (a)(b) | 11,371 | 541,828 | |
LivePerson, Inc. (a)(b) | 13,529 | 696,879 | |
Mandiant, Inc. (a) | 49,944 | 871,023 | |
Manhattan Associates, Inc. (a) | 13,204 | 2,397,054 | |
McAfee Corp. | 15,118 | 323,072 | |
MicroStrategy, Inc. Class A (a)(b) | 1,622 | 1,159,827 | |
Mimecast Ltd. (a) | 12,769 | 963,293 | |
Mitek Systems, Inc. (a)(b) | 9,032 | 170,073 | |
Model N, Inc. (a) | 6,506 | 210,859 | |
Momentive Global, Inc. (a) | 26,684 | 611,597 | |
N-able, Inc. (a)(b) | 13,958 | 185,641 | |
nCino, Inc. (a)(b) | 11,779 | 855,862 | |
NCR Corp. (a) | 27,483 | 1,086,678 | |
New Relic, Inc. (a) | 12,169 | 987,636 | |
Nutanix, Inc. Class A (a) | 42,387 | 1,454,298 | |
ON24, Inc. (a) | 1,838 | 35,161 | |
Onespan, Inc. (a) | 7,061 | 144,186 | |
Pagerduty, Inc. (a) | 15,320 | 639,610 | |
Palantir Technologies, Inc. (a) | 326,441 | 8,448,293 | |
Paylocity Holding Corp. (a) | 8,201 | 2,502,453 | |
Pegasystems, Inc. | 8,489 | 1,007,814 | |
Ping Identity Holding Corp. (a) | 10,029 | 284,122 | |
Progress Software Corp. | 8,977 | 461,508 | |
PROS Holdings, Inc. (a) | 8,162 | 244,860 | |
Q2 Holdings, Inc. (a) | 11,754 | 922,219 | |
QAD, Inc. Class A | 2,402 | 210,511 | |
Qualtrics International, Inc. | 12,986 | 601,512 | |
Qualys, Inc. (a) | 7,025 | 874,472 | |
Rapid7, Inc. (a) | 11,606 | 1,494,273 | |
SailPoint Technologies Holding, Inc. (a)(b) | 19,429 | 932,203 | |
SecureWorks Corp. (a) | 2,541 | 46,805 | |
ShotSpotter, Inc. (a) | 1,650 | 64,202 | |
Smartsheet, Inc. (a) | 25,999 | 1,794,191 | |
Smith Micro Software, Inc. (a) | 10,387 | 59,206 | |
Sprout Social, Inc. (a) | 9,418 | 1,202,490 | |
SPS Commerce, Inc. (a) | 7,490 | 1,143,948 | |
Synchronoss Technologies, Inc. (a) | 8,105 | 21,397 | |
Telos Corp. | 10,897 | 282,341 | |
Tenable Holdings, Inc. (a) | 18,944 | 1,008,768 | |
Teradata Corp. (a) | 22,615 | 1,279,104 | |
Upland Software, Inc. (a) | 5,341 | 178,229 | |
Varonis Systems, Inc. (a)(b) | 22,183 | 1,436,127 | |
Verint Systems, Inc. (a) | 13,216 | 615,866 | |
Veritone, Inc. (a)(b) | 6,067 | 181,464 | |
Vertex, Inc. Class A (a)(b) | 5,726 | 119,215 | |
Viant Technology, Inc. | 2,400 | 28,200 | |
VirnetX Holding Corp. (a)(b) | 12,818 | 49,349 | |
VMware, Inc. Class A (a) | 16,747 | 2,540,520 | |
Vobile Group Ltd. (a)(b) | 210,000 | 184,345 | |
Vonage Holdings Corp. (a) | 52,677 | 849,153 | |
Workiva, Inc. (a) | 8,969 | 1,341,314 | |
Xperi Holding Corp. | 21,501 | 385,298 | |
Yext, Inc. (a) | 23,210 | 292,214 | |
Zix Corp. (a) | 12,564 | 106,417 | |
Zuora, Inc. (a) | 23,275 | 508,792 | |
90,556,953 | |||
Technology Hardware, Storage & Peripherals - 0.3% | |||
3D Systems Corp. (a) | 26,162 | 736,722 | |
Avid Technology, Inc. (a) | 7,350 | 210,504 | |
Corsair Gaming, Inc. (a)(b) | 6,817 | 166,676 | |
Diebold Nixdorf, Inc. (a) | 16,425 | 147,825 | |
Eastman Kodak Co. (a)(b) | 15,330 | 104,091 | |
Immersion Corp. (a)(b) | 4,993 | 39,894 | |
Pure Storage, Inc. Class A (a) | 55,214 | 1,483,048 | |
Razer, Inc. (a)(d) | 939,000 | 225,548 | |
Super Micro Computer, Inc. (a) | 9,089 | 321,660 | |
Turtle Beach Corp. (a)(b) | 3,208 | 92,262 | |
Xerox Holdings Corp. | 28,887 | 514,189 | |
4,042,419 | |||
TOTAL INFORMATION TECHNOLOGY | 206,032,144 | ||
MATERIALS - 5.0% | |||
Chemicals - 2.2% | |||
AdvanSix, Inc. | 5,735 | 278,721 | |
American Vanguard Corp. | 5,974 | 93,075 | |
Amyris, Inc. (a)(b) | 38,601 | 572,067 | |
Ashland Global Holdings, Inc. (b) | 11,716 | 1,124,853 | |
Avient Corp. | 19,053 | 1,026,576 | |
Axalta Coating Systems Ltd. (a) | 44,837 | 1,398,466 | |
Balchem Corp. | 6,745 | 1,032,592 | |
Cabot Corp. | 11,502 | 613,632 | |
CF Industries Holdings, Inc. | 44,893 | 2,549,922 | |
Chase Corp. | 1,640 | 157,440 | |
Ecovyst, Inc. | 11,472 | 133,993 | |
Element Solutions, Inc. | 45,582 | 1,035,167 | |
Ferro Corp. (a) | 16,879 | 354,797 | |
FutureFuel Corp. | 5,299 | 37,411 | |
GCP Applied Technologies, Inc. (a) | 11,390 | 257,528 | |
H.B. Fuller Co. | 10,962 | 772,931 | |
Hawkins, Inc. | 4,016 | 147,267 | |
Huntsman Corp. | 43,611 | 1,420,846 | |
Ingevity Corp. (a) | 8,280 | 645,095 | |
Innospec, Inc. | 5,035 | 456,221 | |
Intrepid Potash, Inc. (a) | 1,943 | 94,644 | |
Koppers Holdings, Inc. (a) | 4,286 | 150,396 | |
Kraton Performance Polymers, Inc. (a) | 6,874 | 313,798 | |
Kronos Worldwide, Inc. | 4,478 | 58,348 | |
Livent Corp. (a)(b) | 33,801 | 953,864 | |
Loop Industries, Inc. (a)(b) | 4,679 | 73,507 | |
Minerals Technologies, Inc. | 6,788 | 481,541 | |
NewMarket Corp. | 1,509 | 513,075 | |
Olin Corp. | 29,998 | 1,709,286 | |
Orion Engineered Carbons SA (a) | 12,187 | 229,116 | |
Quaker Chemical Corp. (b) | 2,811 | 691,056 | |
Rayonier Advanced Materials, Inc. (a) | 13,190 | 94,704 | |
RPM International, Inc. | 26,927 | 2,348,034 | |
Sensient Technologies Corp. | 8,794 | 840,706 | |
Stepan Co. | 4,448 | 533,849 | |
The Chemours Co. LLC | 34,583 | 969,016 | |
The Mosaic Co. | 72,063 | 2,995,659 | |
The Scotts Miracle-Gro Co. Class A | 8,493 | 1,260,871 | |
Tredegar Corp. | 5,988 | 72,215 | |
Trinseo PLC | 7,938 | 445,004 | |
Tronox Holdings PLC | 23,511 | 548,277 | |
Valvoline, Inc. | 37,402 | 1,270,172 | |
Westlake Chemical Corp. | 6,988 | 680,212 | |
31,435,950 | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. | 8,749 | 1,298,002 | |
Forterra, Inc. (a) | 5,915 | 140,895 | |
Summit Materials, Inc. (a) | 24,685 | 880,020 | |
2,318,917 | |||
Containers & Packaging - 1.1% | |||
Aptargroup, Inc. | 13,669 | 1,650,942 | |
Berry Global Group, Inc. (a) | 28,144 | 1,844,558 | |
Crown Holdings, Inc. | 27,374 | 2,846,622 | |
Graphic Packaging Holding Co. | 58,824 | 1,172,362 | |
Greif, Inc. Class A | 5,410 | 349,919 | |
Myers Industries, Inc. | 8,051 | 165,690 | |
O-I Glass, Inc. (a) | 32,224 | 420,523 | |
Pactiv Evergreen, Inc. | 9,523 | 132,465 | |
Ranpak Holdings Corp. (A Shares) (a) | 8,387 | 289,016 | |
Sealed Air Corp. | 31,016 | 1,839,869 | |
Silgan Holdings, Inc. | 17,288 | 694,978 | |
Sonoco Products Co. | 20,336 | 1,178,471 | |
TriMas Corp. | 9,102 | 303,552 | |
WestRock Co. | 55,669 | 2,677,679 | |
15,566,646 | |||
Metals & Mining - 1.3% | |||
Alcoa Corp. | 39,007 | 1,792,372 | |
Allegheny Technologies, Inc. (a) | 25,888 | 416,797 | |
Arconic Corp. (a) | 22,410 | 659,302 | |
Carpenter Technology Corp. | 9,691 | 299,258 | |
Century Aluminum Co. (a) | 10,695 | 141,281 | |
Cleveland-Cliffs, Inc. (a) | 94,755 | 2,284,543 | |
Coeur d'Alene Mines Corp. (a) | 54,212 | 343,162 | |
Commercial Metals Co. | 25,346 | 815,634 | |
Compass Minerals International, Inc. | 6,912 | 453,427 | |
Coronado Global Resources, Inc. unit (a)(d) | 164,159 | 168,562 | |
Gatos Silver, Inc. | 9,383 | 113,534 | |
Gold Resource Corp. | 15,463 | 28,452 | |
Haynes International, Inc. | 3,001 | 120,430 | |
Hecla Mining Co. | 112,372 | 649,510 | |
Kaiser Aluminum Corp. | 3,228 | 313,568 | |
Materion Corp. | 4,412 | 318,458 | |
McEwen Mining, Inc. (a) | 74,486 | 81,935 | |
Reliance Steel & Aluminum Co. | 13,115 | 1,916,888 | |
Royal Gold, Inc. | 13,622 | 1,348,850 | |
Ryerson Holding Corp. | 3,688 | 97,216 | |
Schnitzer Steel Industries, Inc. Class A | 5,202 | 279,868 | |
Steel Dynamics, Inc. | 40,449 | 2,672,870 | |
SunCoke Energy, Inc. | 18,088 | 130,595 | |
TimkenSteel Corp. (a)(b) | 8,673 | 120,988 | |
United States Steel Corp. | 56,411 | 1,488,686 | |
Warrior Metropolitan Coal, Inc. | 11,080 | 265,588 | |
Worthington Industries, Inc. | 6,683 | 363,021 | |
17,684,795 | |||
Paper & Forest Products - 0.2% | |||
Clearwater Paper Corp. (a) | 3,682 | 154,018 | |
Domtar Corp. (a) | 10,313 | 562,987 | |
Glatfelter Corp. (b) | 8,956 | 147,147 | |
Louisiana-Pacific Corp. | 19,777 | 1,165,459 | |
Mercer International, Inc. (SBI) | 9,232 | 99,429 | |
Neenah, Inc. | 3,495 | 176,637 | |
Resolute Forest Products | 9,680 | 113,837 | |
Schweitzer-Mauduit International, Inc. | 6,582 | 229,317 | |
Verso Corp. | 4,942 | 109,119 | |
2,757,950 | |||
TOTAL MATERIALS | 69,764,258 | ||
REAL ESTATE - 8.2% | |||
Equity Real Estate Investment Trusts (REITs) - 7.6% | |||
Acadia Realty Trust (SBI) | 18,201 | 389,137 | |
Agree Realty Corp. | 14,758 | 1,048,703 | |
Alexander & Baldwin, Inc. | 15,040 | 368,931 | |
Alexanders, Inc. | 484 | 134,930 | |
American Assets Trust, Inc. | 11,123 | 420,783 | |
American Campus Communities, Inc. | 29,198 | 1,568,517 | |
American Finance Trust, Inc. | 23,494 | 194,530 | |
American Homes 4 Rent Class A | 57,728 | 2,343,757 | |
Americold Realty Trust | 54,752 | 1,613,541 | |
Apartment Income (REIT) Corp. | 32,960 | 1,766,986 | |
Apartment Investment & Management Co. Class A | 30,771 | 233,244 | |
Apple Hospitality (REIT), Inc. | 45,048 | 707,704 | |
Armada Hoffler Properties, Inc. | 12,910 | 176,996 | |
Bluerock Residential Growth (REIT), Inc. | 5,804 | 78,528 | |
Brandywine Realty Trust (SBI) | 35,459 | 469,832 | |
Brixmor Property Group, Inc. | 62,543 | 1,466,008 | |
Broadstone Net Lease, Inc. | 33,508 | 890,978 | |
Camden Property Trust (SBI) | 21,053 | 3,433,744 | |
CareTrust (REIT), Inc. | 21,068 | 437,161 | |
CatchMark Timber Trust, Inc. | 10,529 | 90,128 | |
Centerspace | 3,087 | 312,528 | |
Chatham Lodging Trust (a) | 10,221 | 129,704 | |
City Office REIT, Inc. | 9,737 | 184,711 | |
Columbia Property Trust, Inc. | 23,751 | 455,307 | |
Community Healthcare Trust, Inc. | 5,017 | 240,013 | |
CorEnergy Infrastructure Trust, Inc. | 2,800 | 13,272 | |
CoreSite Realty Corp. | 9,301 | 1,325,020 | |
Corporate Office Properties Trust (SBI) | 24,047 | 652,155 | |
Cousins Properties, Inc. | 31,502 | 1,247,794 | |
CTO Realty Growth, Inc. | 1,397 | 74,893 | |
CubeSmart | 42,271 | 2,325,328 | |
CyrusOne, Inc. | 25,926 | 2,126,451 | |
DiamondRock Hospitality Co. (a) | 43,220 | 390,709 | |
Digitalbridge Group, Inc. (a)(b) | 103,408 | 692,834 | |
Diversified Healthcare Trust (SBI) | 48,131 | 175,197 | |
Douglas Emmett, Inc. | 36,797 | 1,202,526 | |
Easterly Government Properties, Inc. | 18,077 | 380,159 | |
EastGroup Properties, Inc. | 8,511 | 1,683,306 | |
Empire State Realty Trust, Inc. | 29,804 | 288,503 | |
EPR Properties | 15,705 | 788,548 | |
Equity Commonwealth | 25,719 | 666,894 | |
Equity Lifestyle Properties, Inc. | 35,791 | 3,024,697 | |
Essential Properties Realty Trust, Inc. | 25,224 | 751,423 | |
Farmland Partners, Inc. | 6,028 | 67,755 | |
Federal Realty Investment Trust (SBI) | 14,657 | 1,763,970 | |
First Industrial Realty Trust, Inc. | 27,380 | 1,594,337 | |
Four Corners Property Trust, Inc. | 16,392 | 475,368 | |
Franklin Street Properties Corp. | 23,070 | 103,815 | |
Gaming & Leisure Properties | 46,579 | 2,258,616 | |
Getty Realty Corp. | 8,206 | 263,577 | |
Gladstone Commercial Corp. | 8,273 | 180,848 | |
Gladstone Land Corp. | 6,032 | 133,548 | |
Global Medical REIT, Inc. | 12,997 | 215,490 | |
Global Net Lease, Inc. | 20,790 | 333,056 | |
Healthcare Realty Trust, Inc. | 30,868 | 1,020,496 | |
Healthcare Trust of America, Inc. | 45,695 | 1,525,756 | |
Hersha Hospitality Trust (a) | 7,027 | 62,751 | |
Highwoods Properties, Inc. (SBI) | 22,219 | 996,300 | |
Host Hotels & Resorts, Inc. (a) | 148,395 | 2,497,488 | |
Hudson Pacific Properties, Inc. | 32,385 | 833,914 | |
Independence Realty Trust, Inc. | 22,337 | 527,823 | |
Industrial Logistics Properties Trust | 14,278 | 401,069 | |
Iron Mountain, Inc. | 60,464 | 2,759,577 | |
iStar Financial, Inc. | 14,805 | 373,678 | |
JBG SMITH Properties | 24,421 | 704,790 | |
Kilroy Realty Corp. | 21,982 | 1,481,147 | |
Kimco Realty Corp. | 128,400 | 2,901,840 | |
Kite Realty Group Trust | 17,396 | 353,139 | |
Lamar Advertising Co. Class A | 18,106 | 2,049,599 | |
Lexington Corporate Properties Trust | 58,456 | 851,704 | |
Life Storage, Inc. | 16,418 | 2,196,893 | |
LTC Properties, Inc. | 8,513 | 271,224 | |
Mack-Cali Realty Corp. (a) | 16,180 | 294,314 | |
Monmouth Real Estate Investment Corp. Class A | 20,462 | 385,709 | |
National Health Investors, Inc. | 9,490 | 510,372 | |
National Retail Properties, Inc. | 36,887 | 1,673,194 | |
National Storage Affiliates Trust | 17,254 | 1,077,685 | |
NETSTREIT Corp. | 8,729 | 211,591 | |
NexPoint Residential Trust, Inc. | 4,721 | 334,341 | |
Office Properties Income Trust | 10,383 | 266,012 | |
Omega Healthcare Investors, Inc. | 50,398 | 1,479,685 | |
One Liberty Properties, Inc. | 3,325 | 103,940 | |
Outfront Media, Inc. | 30,826 | 767,259 | |
Paramount Group, Inc. | 35,294 | 299,293 | |
Park Hotels & Resorts, Inc. (a) | 49,759 | 922,034 | |
Pebblebrook Hotel Trust | 27,007 | 606,577 | |
Physicians Realty Trust | 46,996 | 893,394 | |
Piedmont Office Realty Trust, Inc. Class A | 26,808 | 476,110 | |
Plymouth Industrial REIT, Inc. | 6,763 | 172,862 | |
Potlatch Corp. | 14,244 | 744,534 | |
Preferred Apartment Communities, Inc. Class A | 10,416 | 131,346 | |
PS Business Parks, Inc. | 4,317 | 767,131 | |
Rayonier, Inc. | 29,710 | 1,109,074 | |
Regency Centers Corp. | 32,130 | 2,262,273 | |
Retail Opportunity Investments Corp. | 26,357 | 468,364 | |
Retail Value, Inc. | 3,803 | 23,807 | |
Rexford Industrial Realty, Inc. | 29,036 | 1,951,219 | |
RLJ Lodging Trust | 34,085 | 491,506 | |
RPT Realty | 16,760 | 222,740 | |
Ryman Hospitality Properties, Inc. (a) | 11,545 | 987,559 | |
Sabra Health Care REIT, Inc. | 47,115 | 666,677 | |
Safehold, Inc. | 2,851 | 212,970 | |
Saul Centers, Inc. | 2,989 | 138,690 | |
Seritage Growth Properties (a) | 7,660 | 117,964 | |
Service Properties Trust | 33,725 | 363,218 | |
SITE Centers Corp. | 37,596 | 597,400 | |
SL Green Realty Corp. | 14,049 | 984,413 | |
Spirit Realty Capital, Inc. | 25,324 | 1,239,103 | |
Stag Industrial, Inc. | 34,285 | 1,492,426 | |
Store Capital Corp. | 51,586 | 1,770,947 | |
Summit Hotel Properties, Inc. (a) | 22,975 | 229,750 | |
Sunstone Hotel Investors, Inc. (a) | 45,126 | 556,855 | |
Tanger Factory Outlet Centers, Inc. | 21,227 | 356,614 | |
Terreno Realty Corp. | 15,012 | 1,097,828 | |
The GEO Group, Inc. (b) | 26,862 | 219,731 | |
The Macerich Co. | 44,768 | 809,853 | |
UDR, Inc. | 58,471 | 3,246,895 | |
UMH Properties, Inc. | 9,961 | 238,466 | |
Uniti Group, Inc. | 48,228 | 690,143 | |
Universal Health Realty Income Trust (SBI) | 2,839 | 161,738 | |
Urban Edge Properties | 22,899 | 401,419 | |
Urstadt Biddle Properties, Inc. Class A | 6,524 | 128,131 | |
Vornado Realty Trust | 33,139 | 1,412,716 | |
Washington REIT (SBI) | 17,391 | 440,862 | |
Whitestone REIT Class B | 8,726 | 80,105 | |
WP Carey, Inc. | 38,536 | 2,971,511 | |
Xenia Hotels & Resorts, Inc. (a) | 23,423 | 416,929 | |
106,842,957 | |||
Real Estate Management & Development - 0.6% | |||
Cushman & Wakefield PLC (a) | 30,788 | 566,191 | |
eXp World Holdings, Inc. (b) | 13,780 | 711,048 | |
Forestar Group, Inc. (a) | 3,788 | 74,131 | |
Howard Hughes Corp. (a) | 8,599 | 749,231 | |
Jones Lang LaSalle, Inc. (a) | 10,570 | 2,729,491 | |
Kennedy-Wilson Holdings, Inc. | 24,942 | 557,953 | |
Marcus & Millichap, Inc. (a) | 5,145 | 242,330 | |
Newmark Group, Inc. | 33,794 | 502,855 | |
RE/MAX Holdings, Inc. | 3,843 | 122,246 | |
Realogy Holdings Corp. (a) | 23,853 | 413,134 | |
Redfin Corp. (a)(b) | 21,949 | 1,126,862 | |
Tejon Ranch Co. (a) | 5,276 | 96,076 | |
The RMR Group, Inc. | 3,441 | 119,712 | |
The St. Joe Co. | 6,991 | 328,717 | |
8,339,977 | |||
TOTAL REAL ESTATE | 115,182,934 | ||
UTILITIES - 2.8% | |||
Electric Utilities - 0.8% | |||
Allete, Inc. | 10,971 | 675,155 | |
Avangrid, Inc. (b) | 14,459 | 761,989 | |
Hawaiian Electric Industries, Inc. | 22,929 | 930,000 | |
IDACORP, Inc. | 10,572 | 1,102,871 | |
MGE Energy, Inc. | 7,405 | 561,965 | |
NRG Energy, Inc. | 51,054 | 2,036,544 | |
OGE Energy Corp. | 41,425 | 1,411,350 | |
Otter Tail Corp. | 8,504 | 527,333 | |
Pinnacle West Capital Corp. | 23,442 | 1,511,775 | |
PNM Resources, Inc. | 17,683 | 879,729 | |
Portland General Electric Co. | 18,711 | 922,639 | |
Via Renewables, Inc. Class A, (b) | 2,061 | 22,980 | |
11,344,330 | |||
Gas Utilities - 0.7% | |||
Atmos Energy Corp. | 27,210 | 2,506,585 | |
Chesapeake Utilities Corp. | 3,574 | 468,444 | |
National Fuel Gas Co. | 18,809 | 1,080,201 | |
New Jersey Resources Corp. | 20,047 | 757,977 | |
Northwest Natural Holding Co. | 6,456 | 291,101 | |
ONE Gas, Inc. | 11,145 | 750,059 | |
South Jersey Industries, Inc. (b) | 22,969 | 522,774 | |
Southwest Gas Corp. | 12,409 | 859,323 | |
Spire, Inc. | 10,802 | 677,934 | |
UGI Corp. | 43,391 | 1,883,603 | |
9,798,001 | |||
Independent Power and Renewable Electricity Producers - 0.3% | |||
Clearway Energy, Inc.: | |||
Class A | 7,397 | 244,027 | |
Class C | 16,872 | 598,619 | |
Ormat Technologies, Inc. | 9,417 | 681,132 | |
Sunnova Energy International, Inc. (a) | 19,412 | 864,999 | |
Vistra Corp. | 100,069 | 1,960,352 | |
4,349,129 | |||
Multi-Utilities - 0.7% | |||
Avista Corp. | 14,653 | 583,336 | |
Black Hills Corp. | 13,190 | 875,552 | |
CenterPoint Energy, Inc. | 123,427 | 3,214,039 | |
MDU Resources Group, Inc. | 42,100 | 1,293,733 | |
NiSource, Inc. | 81,276 | 2,005,079 | |
NorthWestern Energy Corp. | 10,558 | 600,328 | |
Unitil Corp. | 3,174 | 132,515 | |
8,704,582 | |||
Water Utilities - 0.3% | |||
American States Water Co. | 7,750 | 704,010 | |
Cadiz, Inc. (a)(b) | 6,629 | 40,238 | |
California Water Service Group | 10,898 | 663,470 | |
Essential Utilities, Inc. | 46,549 | 2,191,061 | |
Middlesex Water Co. | 3,603 | 396,762 | |
SJW Corp. | 5,631 | 371,196 | |
York Water Co. | 3,013 | 144,383 | |
4,511,120 | |||
TOTAL UTILITIES | 38,707,162 | ||
TOTAL COMMON STOCKS | |||
(Cost $1,149,412,483) | 1,391,280,668 | ||
Money Market Funds - 7.0% | |||
Fidelity Cash Central Fund 0.06% (e) | 6,501,457 | 6,502,757 | |
Fidelity Securities Lending Cash Central Fund 0.06% (e)(f) | 91,227,131 | 91,236,254 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $97,739,011) | 97,739,011 | ||
TOTAL INVESTMENT IN SECURITIES - 106.7% | |||
(Cost $1,247,151,494) | 1,489,019,679 | ||
NET OTHER ASSETS (LIABILITIES) - (6.7)% | (93,945,303) | ||
NET ASSETS - 100% | $1,395,074,376 |
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) | 11 | Dec. 2021 | $1,262,415 | $52,607 | $52,607 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 6 | Dec. 2021 | 1,673,640 | 87,714 | 87,714 |
TOTAL FUTURES CONTRACTS | $140,321 |
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 $1,112,920 or 0.1% of net assets.
(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
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% | $3,251,526 | $305,913,798 | $302,662,546 | $3,479 | $(21) | $-- | $6,502,757 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | 27,789,230 | 362,502,453 | 299,055,429 | 296,281 | -- | -- | 91,236,254 | 0.2% |
Total | $31,040,756 | $668,416,251 | $601,717,975 | $299,760 | $(21) | $-- | $97,739,011 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $51,621,674 | $51,619,029 | $-- | $2,645 |
Consumer Discretionary | 190,292,942 | 190,292,548 | -- | 394 |
Consumer Staples | 42,986,771 | 42,986,771 | -- | -- |
Energy | 48,168,293 | 48,168,293 | -- | -- |
Financials | 227,334,349 | 227,334,349 | -- | -- |
Health Care | 179,484,130 | 179,443,395 | -- | 40,735 |
Industrials | 221,706,011 | 221,706,011 | -- | -- |
Information Technology | 206,032,144 | 206,032,144 | -- | -- |
Materials | 69,764,258 | 69,764,258 | -- | -- |
Real Estate | 115,182,934 | 115,182,934 | -- | -- |
Utilities | 38,707,162 | 38,707,162 | -- | -- |
Money Market Funds | 97,739,011 | 97,739,011 | -- | -- |
Total Investments in Securities: | $1,489,019,679 | $1,488,975,905 | $-- | $43,774 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $140,321 | $140,321 | $-- | $-- |
Total Assets | $140,321 | $140,321 | $-- | $-- |
Total Derivative Instruments: | $140,321 | $140,321 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $140,321 | $0 |
Total Equity Risk | 140,321 | 0 |
Total Value of Derivatives | $140,321 | $0 |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® Extended Market Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $88,862,889) — See accompanying schedule: Unaffiliated issuers (cost $1,149,412,483) | $1,391,280,668 | |
Fidelity Central Funds (cost $97,739,011) | 97,739,011 | |
Total Investment in Securities (cost $1,247,151,494) | $1,489,019,679 | |
Segregated cash with brokers for derivative instruments | 437,001 | |
Cash | 1,004,079 | |
Foreign currency held at value (cost $1,249) | 1,253 | |
Receivable for investments sold | 2,900,990 | |
Receivable for fund shares sold | 3,264,295 | |
Dividends receivable | 991,570 | |
Distributions receivable from Fidelity Central Funds | 22,239 | |
Receivable for daily variation margin on futures contracts | 3,558 | |
Other receivables | 4,318 | |
Total assets | 1,497,648,982 | |
Liabilities | ||
Payable for investments purchased | $9,969,389 | |
Payable for fund shares redeemed | 1,223,403 | |
Deferred dividend income | 145,072 | |
Collateral on securities loaned | 91,236,742 | |
Total liabilities | 102,574,606 | |
Net Assets | $1,395,074,376 | |
Net Assets consist of: | ||
Paid in capital | $1,076,148,148 | |
Total accumulated earnings (loss) | 318,926,228 | |
Net Assets | $1,395,074,376 | |
Net Asset Value, offering price and redemption price per share ($1,395,074,376 ÷ 99,030,133 shares) | $14.09 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2021 | ||
Investment Income | ||
Dividends | $13,639,189 | |
Non-Cash dividends | 1,123,152 | |
Interest | 181 | |
Income from Fidelity Central Funds (including $296,281 from security lending) | 299,760 | |
Total income | 15,062,282 | |
Expenses | ||
Independent trustees' fees and expenses | $3,781 | |
Total expenses before reductions | 3,781 | |
Expense reductions | (164) | |
Total expenses after reductions | 3,617 | |
Net investment income (loss) | 15,058,665 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 78,336,929 | |
Fidelity Central Funds | (21) | |
Foreign currency transactions | 72 | |
Futures contracts | 1,622,871 | |
Total net realized gain (loss) | 79,959,851 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 249,378,804 | |
Assets and liabilities in foreign currencies | 8 | |
Futures contracts | 117,254 | |
Total change in net unrealized appreciation (depreciation) | 249,496,066 | |
Net gain (loss) | 329,455,917 | |
Net increase (decrease) in net assets resulting from operations | $344,514,582 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2021 | Year ended October 31, 2020 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $15,058,665 | $8,066,225 |
Net realized gain (loss) | 79,959,851 | 8,904,214 |
Change in net unrealized appreciation (depreciation) | 249,496,066 | (19,965,836) |
Net increase (decrease) in net assets resulting from operations | 344,514,582 | (2,995,397) |
Distributions to shareholders | (15,855,199) | (9,015,399) |
Share transactions | ||
Proceeds from sales of shares | 683,852,504 | 357,798,175 |
Reinvestment of distributions | 15,286,618 | 8,606,523 |
Cost of shares redeemed | (224,267,116) | (214,889,672) |
Net increase (decrease) in net assets resulting from share transactions | 474,872,006 | 151,515,026 |
Total increase (decrease) in net assets | 803,531,389 | 139,504,230 |
Net Assets | ||
Beginning of period | 591,542,987 | 452,038,757 |
End of period | $1,395,074,376 | $591,542,987 |
Other Information | ||
Shares | ||
Sold | 52,486,346 | 39,795,943 |
Issued in reinvestment of distributions | 1,368,942 | 868,467 |
Redeemed | (17,201,393) | (25,092,353) |
Net increase (decrease) | 36,653,895 | 15,572,057 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO Extended Market Index Fund
Years ended October 31, | 2021 | 2020 | 2019 | 2018 A |
Selected Per–Share Data | ||||
Net asset value, beginning of period | $9.48 | $9.66 | $8.99 | $10.00 |
Income from Investment Operations | ||||
Net investment income (loss)B | .18 | .14 | .15 | .02 |
Net realized and unrealized gain (loss) | 4.68 | (.14) | .56 | (1.03) |
Total from investment operations | 4.86 | – | .71 | (1.01) |
Distributions from net investment income | (.14) | (.13) | (.04) | – |
Distributions from net realized gain | (.11) | (.06) | – | – |
Total distributions | (.25) | (.18)C | (.04) | – |
Net asset value, end of period | $14.09 | $9.48 | $9.66 | $8.99 |
Total ReturnD,E | 51.93% | (.06)% | 7.97% | (10.10)% |
Ratios to Average Net AssetsF,G | ||||
Expenses before reductionsH | -% | -% | -% | - %I |
Expenses net of fee waivers, if anyH | -% | -% | -% | - %I |
Expenses net of all reductionsH | -% | -% | -% | - %I |
Net investment income (loss) | 1.38% | 1.55% | 1.64% | 1.31%I |
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $1,395,074 | $591,543 | $452,039 | $68,589 |
Portfolio turnover rateJ | 25% | 26% | 14% | - %K,L |
A For the period September 13, 2018 (commencement of operations) through October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total distributions per share do not sum due to rounding.
D Total returns for periods of less than one year are not annualized.
E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
H Amount represents less than .005%.
I Annualized
J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
K Amount represents less than 1%.
L Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® International Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2021 | Past 1 year | Life of fundA |
Fidelity ZERO® International Index Fund | 30.39% | 8.40% |
A From August 2, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO® International Index Fund on August 2, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity Global ex U.S. Index℠ and MSCI ACWI (All Country World Index) ex USA Index performed over the same period.
Period Ending Values | ||
$12,996 | Fidelity ZERO® International Index Fund | |
$13,137 | Fidelity Global ex U.S. Index℠ | |
$12,949 | MSCI ACWI (All Country World Index) ex USA Index |
Fidelity ZERO® International Index Fund
Management's Discussion of Fund Performance
Market Recap: The MSCI ACWI (All Country World Index) ex USA Index gained 29.85% for the 12 months ending October 31, 2021, with international equities rising amid an improved outlook for global economic growth, widespread COVID-19 vaccination, fiscal stimulus in the U.S. and abroad, and government spending programs. As 2021 began, investors saw reasons to be hopeful and the index recorded steady monthly gains. As part of the economic “reopening” trade, investors generally moved out of tech-driven mega-caps that had thrived due to the work-from-home trend in favor of cheap, smaller companies they believed stood to benefit from a broad cyclical recovery. In early September, sentiment turned broadly negative due to inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. International stocks returned -3.18% for the month, but rebounded in October (+2.39%) amid strength in corporate earnings and notable improvement in the global economy. By region, Canada (+50%) led the way, followed by the U.K. (+44%) and Europe ex U.K (+41%). Conversely, emerging markets (+17%) and Japan (+20%) lagged most. By sector, energy (+74%) fared best by a wide margin. Financials (+50%) and information technology (+43%) also stood out. In contrast, communication services (+6%), consumer discretionary (+14%) and real estate (+17%) notably trailed the index.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2021, the fund gained 30.39%, roughly in line with the 30.93% advance of the benchmark Fidelity Global ex. U.S. Index. (The fund's relative performance can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index, as well as by local tax laws or regulations, which vary by country.) From a regional standpoint, Canada, the U.K., and Europe ex U.K. notably contributed. By sector, financials gained roughly 51% and contributed most, followed by information technology, which gained 44%, and industrials, which advanced approximately 37%. The energy sector rose 74%, materials gained 33%, and consumer discretionary advanced 14%, benefiting from the consumer durables & apparel industry (+47%). Other notable contributors included the health care (+18%), consumer staples (+17%), communication services (+11%), real estate (+24%), and utilities (+17%) sectors. Turning to individual stocks, the top contributor was ASML Holding (+124%), from the semiconductors & semiconductor equipment industry. In semiconductors & semiconductor equipment, Taiwan Semiconductor (+42%) was helpful and Royal Dutch Shell (+94%) from the energy sector also contributed. LVMH Moët Hennessy Louis Vuitton, within the consumer durables & apparel group, rose 68% and Novo Nordisk, within the pharmaceuticals, biotechnology & life sciences category, gained about 73% and boosted the fund. Conversely, the biggest individual detractor was Alibaba Group Holding (-46%), from the retailing segment. Tencent Holdings, within the media & entertainment industry, returned about -19% and hindered the fund. In consumer services, TAL Education Group (-94%) and New Oriental Education & Technology Group (-87%) hurt. Another detractor was China Evergrande New Energy Vehicle Group (-95%), a stock in the health care equipment & services group.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO® International Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2021
% of fund's net assets | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.4 |
Nestle SA (Reg. S) (Switzerland, Food Products) | 1.3 |
Tencent Holdings Ltd. (Cayman Islands, Interactive Media & Services) | 1.2 |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.2 |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 1.1 |
Alibaba Group Holding Ltd. sponsored ADR (Cayman Islands, Internet & Direct Marketing Retail) | 1.0 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 0.9 |
Toyota Motor Corp. (Japan, Automobiles) | 0.8 |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 0.7 |
Novartis AG (Switzerland, Pharmaceuticals) | 0.7 |
10.3 |
Top Market Sectors as of October 31, 2021
% of fund's net assets | |
Financials | 20.1 |
Industrials | 11.8 |
Information Technology | 12.9 |
Consumer Discretionary | 12.5 |
Health Care | 8.9 |
Consumer Staples | 7.7 |
Materials | 7.6 |
Communication Services | 6.2 |
Energy | 4.8 |
Utilities | 2.3 |
Geographic Diversification (% of fund's net assets)
As of October 31, 2021 | ||
Japan | 16.0% | |
United Kingdom | 8.6% | |
Canada | 7.5% | |
Cayman Islands | 6.0% | |
France | 5.9% | |
Switzerland | 5.8% | |
Germany | 5.1% | |
Australia | 4.4% | |
Taiwan | 3.9% | |
Other* | 36.8% |
* Includes Short-Term Investments and Net Other Assets (Liabilities).
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.
Asset Allocation as of October 31, 2021
% of fund's net assets | |
Stocks and Equity Futures | 99.9 |
Short-Term Investments and Net Other Assets (Liabilities) | 0.1 |
Fidelity ZERO® International Index Fund
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 95.2% | |||
Shares | Value | ||
Australia - 4.4% | |||
Afterpay Ltd. (a) | 26,639 | $2,467,822 | |
AGL Energy Ltd. | 62,795 | 270,199 | |
ALS Ltd. | 50,646 | 503,281 | |
Altium Ltd. | 12,261 | 338,681 | |
Alumina Ltd. | 247,257 | 370,138 | |
AMP Ltd. | 338,142 | 274,717 | |
Ampol Ltd. | 25,228 | 579,771 | |
Ansell Ltd. | 13,866 | 328,671 | |
APA Group unit | 125,734 | 775,584 | |
ARB Corp. Ltd. | 7,728 | 282,473 | |
Aristocrat Leisure Ltd. | 70,594 | 2,478,910 | |
ASX Ltd. | 20,257 | 1,265,086 | |
Atlas Arteria Ltd. unit | 102,531 | 478,199 | |
Aurizon Holdings Ltd. | 196,204 | 497,393 | |
AusNet Services | 194,310 | 361,039 | |
Australia & New Zealand Banking Group Ltd. | 299,572 | 6,341,434 | |
Bank of Queensland Ltd. | 65,487 | 433,511 | |
Beach Energy Ltd. | 180,885 | 189,819 | |
Bendigo & Adelaide Bank Ltd. | 57,855 | 402,573 | |
BHP Group Ltd. | 310,339 | 8,524,079 | |
BlueScope Steel Ltd. | 53,343 | 827,424 | |
Boral Ltd. (a) | 36,635 | 175,824 | |
Brambles Ltd. | 151,135 | 1,141,461 | |
Breville Group Ltd. | 10,692 | 235,742 | |
carsales.com Ltd. | 29,263 | 542,843 | |
Challenger Ltd. | 61,706 | 322,143 | |
Charter Hall Group unit | 48,852 | 636,859 | |
Cleanaway Waste Management Ltd. | 214,501 | 432,440 | |
Cochlear Ltd. | 6,843 | 1,134,747 | |
Coles Group Ltd. | 141,216 | 1,820,778 | |
Commonwealth Bank of Australia | 186,831 | 14,712,106 | |
Computershare Ltd. | 61,037 | 861,367 | |
Crown Ltd. (a) | 39,015 | 292,316 | |
CSL Ltd. | 47,935 | 10,835,400 | |
CSR Ltd. | 54,480 | 243,027 | |
Dexus unit | 113,103 | 924,838 | |
Dominos Pizza Enterprises Ltd. | 6,799 | 692,817 | |
Downer EDI Ltd. | 72,704 | 344,557 | |
Endeavour Group Ltd. | 136,254 | 696,980 | |
Evolution Mining Ltd. | 186,020 | 507,959 | |
Fortescue Metals Group Ltd. | 178,532 | 1,870,809 | |
Goodman Group unit | 177,439 | 2,923,179 | |
Harvey Norman Holdings Ltd. | 65,937 | 246,022 | |
IDP Education Ltd. | 22,427 | 631,808 | |
IGO Ltd. | 70,068 | 508,111 | |
Iluka Resources Ltd. | 45,668 | 322,925 | |
Incitec Pivot Ltd. | 205,688 | 462,639 | |
Insurance Australia Group Ltd. | 259,822 | 938,165 | |
JB Hi-Fi Ltd. | 12,286 | 466,636 | |
Lendlease Group unit | 73,957 | 581,933 | |
Lynas Rare Earths Ltd. (a) | 93,797 | 517,196 | |
Macquarie Group Ltd. | 36,473 | 5,392,533 | |
Magellan Financial Group Ltd. | 15,507 | 404,430 | |
Medibank Private Ltd. | 293,530 | 733,082 | |
Metcash Ltd. | 99,210 | 303,747 | |
Mineral Resources Ltd. | 17,368 | 504,181 | |
Mirvac Group unit | 411,982 | 873,956 | |
National Australia Bank Ltd. | 347,160 | 7,547,946 | |
Newcrest Mining Ltd. | 85,379 | 1,598,594 | |
NEXTDC Ltd. (a) | 47,767 | 421,850 | |
Nine Entertainment Co. Holdings Ltd. | 158,885 | 329,879 | |
Northern Star Resources Ltd. | 122,460 | 851,194 | |
Orica Ltd. | 42,217 | 480,495 | |
Origin Energy Ltd. | 186,745 | 709,419 | |
OZ Minerals Ltd. | 35,117 | 663,853 | |
Qantas Airways Ltd. (a) | 97,136 | 390,927 | |
QBE Insurance Group Ltd. | 155,366 | 1,382,620 | |
Qube Holdings Ltd. | 208,054 | 497,697 | |
Ramsay Health Care Ltd. | 19,117 | 1,012,693 | |
REA Group Ltd. | 5,304 | 638,948 | |
Reliance Worldwide Corp. Ltd. | 84,297 | 365,890 | |
Rio Tinto Ltd. | 39,207 | 2,662,965 | |
Santos Ltd. | 197,645 | 1,037,776 | |
Scentre Group unit | 547,301 | 1,243,356 | |
SEEK Ltd. | 37,631 | 925,669 | |
Seven Group Holdings Ltd. | 16,280 | 263,670 | |
Sonic Healthcare Ltd. | 50,190 | 1,511,350 | |
South32 Ltd. | 492,462 | 1,322,523 | |
Spark Infrastructure Group unit | 179,965 | 380,414 | |
Steadfast Group Ltd. | 99,489 | 348,009 | |
Stockland Corp. Ltd. unit | 256,224 | 876,987 | |
Suncorp Group Ltd. | 136,327 | 1,201,909 | |
Sydney Airport unit (a) | 138,804 | 855,161 | |
Tabcorp Holdings Ltd. | 230,961 | 861,752 | |
Telstra Corp. Ltd. | 436,331 | 1,253,839 | |
The GPT Group unit | 201,807 | 783,336 | |
The Star Entertainment Group Ltd. (a) | 94,879 | 261,224 | |
Transurban Group unit | 319,895 | 3,234,215 | |
Treasury Wine Estates Ltd. | 74,883 | 648,930 | |
Vicinity Centres unit | 412,409 | 535,155 | |
Washington H. Soul Pattinson & Co. Ltd. | 13,118 | 320,513 | |
Wesfarmers Ltd. | 119,331 | 5,139,146 | |
Westpac Banking Corp. | 386,098 | 7,511,591 | |
WiseTech Global Ltd. | 17,159 | 659,333 | |
Woodside Petroleum Ltd. | 101,257 | 1,771,728 | |
Woolworths Group Ltd. | 133,407 | 3,821,534 | |
WorleyParsons Ltd. | 39,182 | 318,916 | |
Zip Co. Ltd. (a) | 53,292 | 260,578 | |
TOTAL AUSTRALIA | 139,129,944 | ||
Austria - 0.2% | |||
Andritz AG | 7,514 | 425,449 | |
BAWAG Group AG (b) | 7,376 | 464,276 | |
CA Immobilien Anlagen AG | 4,639 | 198,419 | |
Erste Group Bank AG | 31,342 | 1,344,183 | |
IMMOFINANZ Immobilien Anlagen AG | 10,027 | 240,170 | |
Lenzing AG (a) | 1,487 | 178,773 | |
Mayr-Melnhof Karton AG | 934 | 183,766 | |
Oesterreichische Post AG | 2,935 | 123,839 | |
OMV AG | 15,105 | 914,976 | |
Raiffeisen International Bank-Holding AG | 14,381 | 420,598 | |
Verbund AG | 7,199 | 749,816 | |
Voestalpine AG | 11,401 | 432,817 | |
Wienerberger AG | 11,854 | 419,593 | |
TOTAL AUSTRIA | 6,096,675 | ||
Bailiwick of Jersey - 0.6% | |||
Clarivate Analytics PLC (a) | 39,180 | 918,771 | |
Experian PLC | 102,136 | 4,678,377 | |
Ferguson PLC | 24,449 | 3,678,892 | |
Glencore Xstrata PLC | 1,152,016 | 5,760,748 | |
Polymetal International PLC | 35,541 | 659,067 | |
WPP PLC | 133,808 | 1,934,163 | |
TOTAL BAILIWICK OF JERSEY | 17,630,018 | ||
Belgium - 0.6% | |||
Ackermans & Van Haaren SA | 2,373 | 407,912 | |
Aedifica SA | 3,696 | 492,628 | |
Ageas | 19,019 | 925,609 | |
Anheuser-Busch InBev SA NV | 89,197 | 5,455,934 | |
Cofinimmo SA | 2,855 | 460,403 | |
Colruyt NV | 6,412 | 314,577 | |
D'ieteren Group | 2,505 | 431,182 | |
Elia System Operator SA/NV | 3,590 | 418,739 | |
Galapagos NV (a) | 5,276 | 279,789 | |
Groupe Bruxelles Lambert SA | 11,060 | 1,281,732 | |
KBC Groep NV | 35,490 | 3,305,090 | |
Melexis NV | 2,112 | 243,171 | |
Proximus | 15,860 | 298,572 | |
Sofina SA | 1,668 | 737,347 | |
Solvay SA Class A | 7,688 | 913,617 | |
Telenet Group Holding NV | 4,960 | 178,091 | |
UCB SA | 13,299 | 1,585,023 | |
Umicore SA | 21,019 | 1,204,693 | |
Warehouses de Pauw | 14,801 | 674,132 | |
TOTAL BELGIUM | 19,608,241 | ||
Bermuda - 0.2% | |||
Alibaba Health Information Technology Ltd. (a) | 422,000 | 533,161 | |
Brilliance China Automotive Holdings Ltd. (a) | 232,000 | 69,113 | |
China Gas Holdings Ltd. | 258,200 | 645,790 | |
China Resource Gas Group Ltd. | 96,000 | 515,751 | |
China Youzan Ltd. (a) | 1,460,000 | 185,772 | |
Credicorp Ltd. (United States) | 6,549 | 849,143 | |
Hiscox Ltd. | 36,074 | 411,244 | |
Hongkong Land Holdings Ltd. | 120,939 | 666,374 | |
Jardine Matheson Holdings Ltd. | 26,561 | 1,538,679 | |
Kunlun Energy Co. Ltd. | 422,000 | 386,176 | |
Man Wah Holdings Ltd. | 167,600 | 260,646 | |
Nine Dragons Paper (Holdings) Ltd. | 188,000 | 236,314 | |
TOTAL BERMUDA | 6,298,163 | ||
Brazil - 0.8% | |||
Ambev SA | 465,900 | 1,402,537 | |
Americanas SA (a) | 57,952 | 304,967 | |
Atacadao SA | 38,500 | 113,512 | |
B3 SA - Brasil Bolsa Balcao | 642,500 | 1,355,855 | |
Banco Bradesco SA | 163,963 | 493,882 | |
Banco do Brasil SA | 152,300 | 769,083 | |
Banco Inter SA unit | 57,160 | 359,541 | |
BB Seguridade Participacoes SA | 69,300 | 271,242 | |
BR Malls Participacoes SA (a) | 96,100 | 122,087 | |
BRF SA (a) | 51,800 | 213,210 | |
BTG Pactual Participations Ltd. unit | 120,600 | 481,862 | |
CCR SA | 116,700 | 236,344 | |
Centrais Eletricas Brasileiras SA (Electrobras) | 40,551 | 243,070 | |
Cogna Educacao (a) | 184,400 | 81,029 | |
Companhia Brasileira de Distribuicao Grupo Pao de Acucar | 19,900 | 90,019 | |
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) | 37,000 | 230,767 | |
Companhia Siderurgica Nacional SA (CSN) | 67,800 | 273,660 | |
Compania de Locacao das Americas | 33,600 | 117,461 | |
Cosan SA | 121,000 | 424,287 | |
Cyrela Brazil Realty SA | 28,900 | 72,150 | |
Energisa SA unit | 26,800 | 188,138 | |
Eneva SA (a) | 105,500 | 269,180 | |
ENGIE Brasil Energia SA | 27,750 | 191,317 | |
Equatorial Energia SA | 80,200 | 325,131 | |
Hapvida Participacoes e Investimentos SA (b) | 136,700 | 279,513 | |
Hypermarcas SA | 41,300 | 205,336 | |
JBS SA | 84,200 | 582,588 | |
Klabin SA unit | 84,400 | 343,055 | |
Localiza Rent A Car SA | 62,730 | 503,503 | |
Locaweb Servicos de Internet SA (b) | 46,400 | 150,452 | |
Lojas Renner SA | 94,400 | 539,089 | |
Magazine Luiza SA | 294,480 | 564,040 | |
Natura & Co. Holding SA (a) | 89,288 | 615,419 | |
Notre Dame Intermedica Participacoes SA | 54,860 | 623,855 | |
Oi SA (a) | 523,800 | 82,601 | |
Petro Rio SA (a) | 67,700 | 281,534 | |
Petroleo Brasileiro SA - Petrobras (ON) | 363,800 | 1,783,611 | |
Qualicorp Consultoria E Corret | 20,900 | 63,361 | |
Raia Drogasil SA | 112,600 | 463,863 | |
Rede D'Oregon Sao Luiz SA (b) | 78,100 | 816,453 | |
Rumo SA (a) | 132,400 | 375,115 | |
Sendas Distribuidora SA | 84,600 | 229,196 | |
Sul America SA unit | 28,550 | 131,373 | |
Suzano Papel e Celulose SA (a) | 82,853 | 722,714 | |
Telefonica Brasil SA | 44,600 | 359,721 | |
TIM SA | 86,000 | 170,970 | |
Totvs SA | 54,300 | 315,190 | |
Transmissora Alianca de Energia Eletrica SA unit | 21,200 | 137,707 | |
Ultrapar Participacoes SA | 80,900 | 187,063 | |
Ultrapar Participacoes SA rights 11/3/21 (a)(c) | 5,798 | 10 | |
Vale SA | 422,900 | 5,365,865 | |
Via S/A (a) | 144,686 | 157,663 | |
Vibra Energia SA | 123,800 | 460,208 | |
Weg SA | 153,700 | 1,007,637 | |
YDUQS Participacoes SA | 26,300 | 97,207 | |
TOTAL BRAZIL | 26,246,243 | ||
British Virgin Islands - 0.0% | |||
Mail.Ru Group Ltd. GDR (Reg. S) (a) | 12,713 | 260,108 | |
Nomad Foods Ltd. (a) | 16,557 | 450,847 | |
TOTAL BRITISH VIRGIN ISLANDS | 710,955 | ||
Canada - 7.2% | |||
Agnico Eagle Mines Ltd. (Canada) | 25,826 | 1,370,806 | |
Air Canada (a) | 35,115 | 629,607 | |
Alamos Gold, Inc. | 42,064 | 312,013 | |
Algonquin Power & Utilities Corp. | 65,335 | 941,804 | |
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) | 86,235 | 3,234,509 | |
AltaGas Ltd. | 30,058 | 622,241 | |
B2Gold Corp. | 108,290 | 447,125 | |
Ballard Power Systems, Inc. (a) | 26,316 | 476,946 | |
Bank of Montreal | 68,335 | 7,419,339 | |
Bank of Nova Scotia | 128,109 | 8,399,131 | |
Barrick Gold Corp. (Canada) | 187,979 | 3,449,421 | |
Bausch Health Cos., Inc. (Canada) (a) | 30,429 | 852,927 | |
BCE, Inc. | 31,630 | 1,628,270 | |
BlackBerry Ltd. (a) | 52,628 | 568,549 | |
Boralex, Inc. Class A | 9,306 | 287,993 | |
Boyd Group Services, Inc. | 2,335 | 453,189 | |
Brookfield Asset Management Reinsurance Partners Ltd. | 928 | 57,168 | |
Brookfield Asset Management, Inc. (Canada) Class A | 153,734 | 9,281,678 | |
Brookfield Renewable Corp. | 13,583 | 562,593 | |
BRP, Inc. | 3,925 | 345,118 | |
CAE, Inc. (a) | 33,520 | 1,016,488 | |
Cameco Corp. | 41,970 | 1,019,746 | |
Canadian Apartment Properties (REIT) unit | 9,203 | 449,368 | |
Canadian Imperial Bank of Commerce | 47,428 | 5,754,899 | |
Canadian National Railway Co. | 64,237 | 8,537,251 | |
Canadian Natural Resources Ltd. | 125,317 | 5,326,175 | |
Canadian Pacific Railway Ltd. | 70,256 | 5,437,801 | |
Canadian Tire Ltd. Class A (non-vtg.) | 6,060 | 860,720 | |
Canadian Utilities Ltd. Class A (non-vtg.) | 12,491 | 361,831 | |
Capital Power Corp. | 11,763 | 386,366 | |
Cargojet, Inc. | 1,835 | 292,168 | |
CCL Industries, Inc. Class B | 15,598 | 852,622 | |
Cenovus Energy, Inc. (Canada) | 134,408 | 1,607,335 | |
CGI, Inc. Class A (sub. vtg.) (a) | 23,119 | 2,065,317 | |
Colliers International Group, Inc. | 3,437 | 498,609 | |
Constellation Software, Inc. | 2,080 | 3,655,445 | |
Descartes Systems Group, Inc. (Canada) (a) | 8,916 | 728,135 | |
Dollarama, Inc. | 30,788 | 1,391,630 | |
Element Fleet Management Corp. | 47,034 | 511,157 | |
Emera, Inc. | 26,764 | 1,245,209 | |
Empire Co. Ltd. Class A (non-vtg.) | 17,330 | 518,108 | |
Enbridge, Inc. | 213,433 | 8,940,180 | |
Fairfax Financial Holdings Ltd. (sub. vtg.) | 2,886 | 1,168,881 | |
Finning International, Inc. | 16,498 | 488,435 | |
First Majestic Silver Corp. | 23,211 | 294,076 | |
First Quantum Minerals Ltd. | 58,259 | 1,379,273 | |
FirstService Corp. | 4,128 | 823,332 | |
Fortis, Inc. | 49,675 | 2,211,212 | |
Franco-Nevada Corp. | 20,075 | 2,864,451 | |
George Weston Ltd. | 7,631 | 824,513 | |
Gildan Activewear, Inc. | 21,131 | 776,192 | |
Great-West Lifeco, Inc. | 28,709 | 844,614 | |
Hydro One Ltd. (b) | 32,156 | 768,304 | |
iA Financial Corp, Inc. | 11,126 | 658,156 | |
Imperial Oil Ltd. | 23,705 | 802,553 | |
Intact Financial Corp. | 18,592 | 2,492,404 | |
Ivanhoe Mines Ltd. (a) | 60,218 | 472,460 | |
Keyera Corp. | 23,486 | 601,952 | |
Kinaxis, Inc. (a) | 2,794 | 433,639 | |
Kinross Gold Corp. | 134,514 | 808,649 | |
Kirkland Lake Gold Ltd. | 28,065 | 1,183,057 | |
Lightspeed Commerce, Inc. (Canada) (a) | 13,208 | 1,287,396 | |
Loblaw Companies Ltd. | 17,482 | 1,314,823 | |
Lundin Mining Corp. | 67,365 | 586,232 | |
Magna International, Inc. Class A (sub. vtg.) | 29,481 | 2,398,071 | |
Manulife Financial Corp. | 204,937 | 3,992,430 | |
Metro, Inc. | 26,088 | 1,312,621 | |
National Bank of Canada | 35,377 | 2,928,836 | |
Northland Power, Inc. | 23,618 | 759,341 | |
Nutrien Ltd. | 60,118 | 4,201,848 | |
Nuvei Corp. (a)(b) | 6,555 | 787,808 | |
Onex Corp. (sub. vtg.) | 7,963 | 593,429 | |
Open Text Corp. | 28,764 | 1,448,891 | |
Pan American Silver Corp. | 22,573 | 578,095 | |
Parkland Corp. | 15,601 | 453,937 | |
Pembina Pipeline Corp. | 57,962 | 1,918,797 | |
Power Corp. of Canada (sub. vtg.) | 60,811 | 2,025,395 | |
Premium Brands Holdings Corp. | 3,780 | 408,512 | |
Primo Water Corp. | 17,832 | 283,529 | |
Quebecor, Inc. Class B (sub. vtg.) | 17,421 | 443,971 | |
Restaurant Brands International, Inc. | 32,538 | 1,842,225 | |
Ritchie Bros. Auctioneers, Inc. | 11,684 | 798,602 | |
Rogers Communications, Inc. Class B (non-vtg.) | 36,982 | 1,720,010 | |
Royal Bank of Canada | 150,194 | 15,633,477 | |
Saputo, Inc. | 25,626 | 612,075 | |
Shaw Communications, Inc. Class B | 47,185 | 1,358,818 | |
Shopify, Inc. Class A (a) | 11,892 | 17,363,512 | |
SNC-Lavalin Group, Inc. | 19,067 | 512,880 | |
SSR Mining, Inc. | 23,370 | 368,602 | |
Stantec, Inc. | 11,460 | 633,374 | |
Sun Life Financial, Inc. | 61,746 | 3,518,863 | |
Suncor Energy, Inc. | 157,034 | 4,130,136 | |
TC Energy Corp. | 103,175 | 5,581,421 | |
Teck Resources Ltd. Class B (sub. vtg.) | 49,226 | 1,373,841 | |
TELUS Corp. | 47,666 | 1,093,437 | |
TFI International, Inc. (Canada) | 8,630 | 956,929 | |
The Toronto-Dominion Bank | 191,899 | 13,930,354 | |
Thomson Reuters Corp. | 17,880 | 2,150,772 | |
Tilray, Inc. Class 2 (a)(d) | 28,522 | 293,777 | |
TMX Group Ltd. | 5,931 | 642,126 | |
Toromont Industries Ltd. | 8,541 | 759,898 | |
Tourmaline Oil Corp. | 31,986 | 1,156,055 | |
Waste Connections, Inc. (Canada) | 27,458 | 3,736,205 | |
West Fraser Timber Co. Ltd. | 10,389 | 831,808 | |
Wheaton Precious Metals Corp. | 47,440 | 1,915,080 | |
WSP Global, Inc. | 7,817 | 1,059,742 | |
Yamana Gold, Inc. | 99,841 | 392,071 | |
TOTAL CANADA | 224,783,192 | ||
Cayman Islands - 6.0% | |||
AAC Technology Holdings, Inc. | 77,500 | 334,972 | |
Airtac International Group | 14,650 | 436,685 | |
Akeso, Inc. (a)(b) | 52,000 | 291,395 | |
Alchip Technologies Ltd. | 7,000 | 258,933 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 194,188 | 32,029,369 | |
Anta Sports Products Ltd. | 119,000 | 1,859,829 | |
ASM Pacific Technology Ltd. | 32,800 | 354,327 | |
Autohome, Inc. ADR Class A | 5,533 | 217,724 | |
Baidu, Inc. sponsored ADR (a) | 28,704 | 4,656,937 | |
BeiGene Ltd. ADR (a) | 5,468 | 1,956,013 | |
Bilibili, Inc. ADR (a)(d) | 22,902 | 1,678,717 | |
BizLink Holding, Inc. | 13,000 | 119,752 | |
Chailease Holding Co. Ltd. | 144,949 | 1,384,681 | |
China Conch Venture Holdings Ltd. | 168,000 | 820,513 | |
China Feihe Ltd. (b) | 312,000 | 519,699 | |
China Literature Ltd. (a)(b) | 44,000 | 306,227 | |
China Mengniu Dairy Co. Ltd. | 287,000 | 1,827,755 | |
China Resources Land Ltd. | 300,000 | 1,168,305 | |
China Resources Mixc Lifestyle Services Ltd. (b) | 63,555 | 334,500 | |
CIFI Holdings Group Co. Ltd. | 421,976 | 234,296 | |
CK Asset Holdings Ltd. | 207,329 | 1,280,401 | |
CK Hutchison Holdings Ltd. | 284,000 | 1,910,854 | |
Country Garden Holdings Co. Ltd. | 751,140 | 705,717 | |
Country Garden Services Holdings Co. Ltd. | 186,000 | 1,446,308 | |
Daqo New Energy Corp. ADR (a) | 6,262 | 487,121 | |
ENN Energy Holdings Ltd. | 80,000 | 1,385,001 | |
ESR Cayman Ltd. (a)(b) | 150,800 | 489,390 | |
Futu Holdings Ltd. ADR (a)(d) | 6,585 | 352,429 | |
Gaotu Techedu, Inc. ADR (a)(d) | 11,891 | 34,960 | |
GCL-Poly Energy Holdings Ltd. (a)(c) | 1,563,000 | 397,756 | |
GDS Holdings Ltd. ADR (a)(d) | 12,141 | 721,175 | |
Geely Automobile Holdings Ltd. | 528,000 | 1,835,666 | |
General Interface Solution Holding Ltd. | 22,000 | 76,718 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 118,000 | 263,587 | |
Hello Group, Inc. ADR | 18,129 | 225,706 | |
Hengan International Group Co. Ltd. | 67,500 | 352,661 | |
Himax Technologies, Inc. sponsored ADR (d) | 14,808 | 156,372 | |
Huazhu Group Ltd. ADR (a) | 15,467 | 717,050 | |
Hutchison China Meditech Ltd. sponsored ADR (a) | 10,778 | 317,089 | |
Innovent Biologics, Inc. (a)(b) | 103,000 | 924,028 | |
iQIYI, Inc. ADR (a) | 35,401 | 293,120 | |
JD.com, Inc. sponsored ADR (a) | 94,526 | 7,399,495 | |
JOYY, Inc. ADR | 6,031 | 303,902 | |
KE Holdings, Inc. ADR (a) | 52,851 | 962,945 | |
Kingboard Chemical Holdings Ltd. | 68,000 | 297,590 | |
Kingdee International Software Group Co. Ltd. (a) | 274,000 | 905,058 | |
Kingsoft Corp. Ltd. | 102,400 | 440,239 | |
Kuaishou Technology Class B (b) | 153,700 | 2,044,592 | |
Li Ning Co. Ltd. | 228,500 | 2,540,357 | |
Longfor Properties Co. Ltd. (b) | 166,000 | 806,478 | |
Meituan Class B (a)(b) | 424,900 | 14,458,770 | |
Melco Crown Entertainment Ltd. sponsored ADR (a) | 20,694 | 224,116 | |
Microport Scientific Corp. | 74,900 | 353,297 | |
Ming Yuan Cloud Group Holdings Ltd. | 75,000 | 245,807 | |
Minth Group Ltd. | 78,000 | 311,779 | |
NetEase, Inc. ADR | 38,162 | 3,724,230 | |
New Oriental Education & Technology Group, Inc. sponsored ADR | 161,595 | 331,270 | |
NIO, Inc. sponsored ADR (a) | 143,442 | 5,653,049 | |
PagSeguro Digital Ltd. (a)(d) | 21,218 | 768,092 | |
Parade Technologies Ltd. | 7,000 | 448,734 | |
Pinduoduo, Inc. ADR (a) | 46,209 | 4,108,904 | |
Ping An Healthcare and Technology Co. Ltd. (a)(b) | 53,100 | 258,317 | |
Pop Mart International Group Ltd. (b) | 75,400 | 445,297 | |
RLX Technology, Inc. ADR (d) | 76,338 | 371,003 | |
Sands China Ltd. (a) | 257,600 | 587,116 | |
Sapiens International Corp. NV | 3,012 | 103,942 | |
Sea Ltd. ADR (a) | 34,411 | 11,822,587 | |
Shenzhou International Group Holdings Ltd. | 83,800 | 1,805,404 | |
Shimao Property Holdings Ltd. | 137,500 | 216,310 | |
Silicon Motion Tech Corp. sponsored ADR | 3,871 | 276,428 | |
Sino Biopharmaceutical Ltd. | 1,052,500 | 779,179 | |
SITC International Holdings Co. Ltd. | 139,000 | 470,747 | |
Smoore International Holdings Ltd. (b) | 178,000 | 853,338 | |
StoneCo Ltd. Class A (a) | 24,421 | 826,895 | |
Sunac China Holdings Ltd. | 259,000 | 557,913 | |
Sunac Services Holdings Ltd. (b) | 96,000 | 194,702 | |
Sunny Optical Technology Group Co. Ltd. | 75,700 | 2,045,131 | |
TAL Education Group ADR (a) | 39,425 | 161,248 | |
Tencent Holdings Ltd. | 637,000 | 38,748,578 | |
Tencent Music Entertainment Group ADR (a) | 63,312 | 497,632 | |
Tingyi (Cayman Islands) Holding Corp. | 198,000 | 370,526 | |
Trip.com Group Ltd. ADR (a) | 48,623 | 1,388,673 | |
Vipshop Holdings Ltd. ADR (a) | 39,158 | 437,003 | |
Vnet Group, Inc. ADR (a) | 11,348 | 177,937 | |
Want Want China Holdings Ltd. | 603,000 | 467,334 | |
Weibo Corp. sponsored ADR (a) | 5,826 | 262,053 | |
Weimob, Inc. (a)(b) | 207,000 | 320,856 | |
WH Group Ltd. (b) | 827,000 | 580,351 | |
Wharf Real Estate Investment Co. Ltd. | 163,000 | 919,697 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 344,000 | 5,210,556 | |
Xinyi Glass Holdings Ltd. | 271,000 | 764,533 | |
Xinyi Solar Holdings Ltd. | 477,097 | 998,283 | |
XP, Inc.: | |||
BDR (a) | 1 | 33 | |
Class A (a) | 10,729 | 352,018 | |
XPeng, Inc. ADR (a) | 33,079 | 1,542,474 | |
Yadea Group Holdings Ltd. (b) | 110,000 | 189,448 | |
Yihai International Holding Ltd. | 45,000 | 264,604 | |
Zai Lab Ltd. ADR (a) | 7,339 | 766,192 | |
Zhen Ding Technology Holding Ltd. | 70,000 | 241,336 | |
Zhongsheng Group Holdings Ltd. Class H | 59,500 | 537,989 | |
ZTO Express, Inc. sponsored ADR | 44,451 | 1,303,748 | |
TOTAL CAYMAN ISLANDS | 189,609,853 | ||
Chile - 0.1% | |||
Aguas Andinas SA | 203,700 | 38,812 | |
Banco de Chile | 4,473,044 | 388,195 | |
Banco de Credito e Inversiones | 6,133 | 206,524 | |
Banco Santander Chile | 6,598,380 | 288,755 | |
CAP SA | 7,719 | 76,402 | |
Cencosud SA | 143,222 | 209,507 | |
Colbun SA | 813,774 | 56,119 | |
Compania Cervecerias Unidas SA | 13,711 | 114,874 | |
Empresa Nacional de Telecomunicaciones SA (ENTEL) | 11,288 | 38,700 | |
Empresas CMPC SA | 122,265 | 225,593 | |
Empresas COPEC SA | 33,871 | 266,471 | |
Enel Americas SA | 2,017,632 | 229,417 | |
Enel Chile SA | 2,317,053 | 94,932 | |
Falabella SA | 78,728 | 217,709 | |
Parque Arauco SA (a) | 74,549 | 73,587 | |
TOTAL CHILE | 2,525,597 | ||
China - 1.5% | |||
Agricultural Bank of China Ltd. (H Shares) | 3,219,000 | 1,096,376 | |
Anhui Conch Cement Co. Ltd. (H Shares) | 125,000 | 621,747 | |
Bank of China Ltd. (H Shares) | 8,085,000 | 2,861,296 | |
Bank of Communications Co. Ltd. (H Shares) | 2,238,000 | 1,331,783 | |
BYD Co. Ltd. (H Shares) | 78,707 | 3,010,352 | |
China CITIC Bank Corp. Ltd. (H Shares) | 941,000 | 413,626 | |
China Construction Bank Corp. (H Shares) | 10,865,000 | 7,394,510 | |
China International Capital Corp. Ltd. (H Shares) (b) | 158,400 | 394,142 | |
China Life Insurance Co. Ltd. (H Shares) | 775,000 | 1,346,385 | |
China Longyuan Power Grid Corp. Ltd. (H Shares) | 352,000 | 822,487 | |
China Merchants Bank Co. Ltd. (H Shares) | 396,500 | 3,340,476 | |
China Minsheng Banking Corp. Ltd. (H Shares) | 644,500 | 255,961 | |
China National Building Materials Co. Ltd. (H Shares) | 480,000 | 603,355 | |
China Pacific Insurance (Group) Co. Ltd. (H Shares) | 274,000 | 845,190 | |
China Petroleum & Chemical Corp. (H Shares) | 2,680,000 | 1,305,784 | |
China Shenhua Energy Co. Ltd. (H Shares) | 356,500 | 767,938 | |
China Tower Corp. Ltd. (H Shares) (b) | 4,470,000 | 580,258 | |
China Vanke Co. Ltd. (H Shares) | 177,200 | 414,958 | |
CITIC Securities Co. Ltd. (H Shares) | 167,000 | 425,415 | |
Fuyao Glass Industries Group Co. Ltd. (H Shares) (b) | 66,400 | 383,184 | |
Great Wall Motor Co. Ltd. (H Shares) | 326,500 | 1,472,932 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 310,000 | 293,246 | |
Haier Smart Home Co. Ltd. | 240,200 | 898,377 | |
Hangzhou Tigermed Consulting Co. Ltd. (H Shares) (b) | 12,200 | 237,869 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 6,938,000 | 3,803,150 | |
New China Life Insurance Co. Ltd. (H Shares) | 78,400 | 227,224 | |
Nongfu Spring Co. Ltd. (H Shares) (b) | 180,000 | 912,666 | |
PetroChina Co. Ltd. (H Shares) | 2,246,000 | 1,082,904 | |
PICC Property & Casualty Co. Ltd. (H Shares) | 730,000 | 683,041 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 627,500 | 4,494,615 | |
Postal Savings Bank of China Co. Ltd. (H Shares) (b) | 982,000 | 714,365 | |
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) | 252,000 | 429,474 | |
Sinopharm Group Co. Ltd. (H Shares) | 142,000 | 338,734 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 48,000 | 417,351 | |
Weichai Power Co. Ltd. (H Shares) | 207,000 | 371,938 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 39,184 | 837,517 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 60,200 | 288,601 | |
Zijin Mining Group Co. Ltd. (H Shares) | 604,000 | 841,509 | |
TOTAL CHINA | 46,560,736 | ||
Colombia - 0.0% | |||
Bancolombia SA | 30,408 | 271,963 | |
Grupo de Inversiones Suramerica SA | 28,977 | 168,903 | |
Interconexion Electrica SA ESP | 49,603 | 297,823 | |
TOTAL COLOMBIA | 738,689 | ||
Czech Republic - 0.0% | |||
CEZ A/S | 17,210 | 568,145 | |
Komercni Banka A/S | 8,105 | 314,473 | |
MONETA Money Bank A/S (a)(b) | 43,521 | 170,135 | |
TOTAL CZECH REPUBLIC | 1,052,753 | ||
Denmark - 1.6% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 347 | 950,138 | |
Series B | 590 | 1,709,789 | |
Ambu A/S Series B | 18,567 | 528,878 | |
Ascendis Pharma A/S sponsored ADR (a) | 5,034 | 763,205 | |
Carlsberg A/S Series B | 10,626 | 1,752,836 | |
Chr. Hansen Holding A/S | 10,750 | 855,322 | |
Coloplast A/S Series B | 12,546 | 2,045,183 | |
Danske Bank A/S | 70,762 | 1,197,511 | |
Demant A/S (a) | 10,465 | 506,906 | |
DSV A/S | 22,509 | 5,231,113 | |
Genmab A/S (a) | 6,940 | 3,110,328 | |
GN Store Nord A/S | 14,446 | 876,638 | |
Novo Nordisk A/S Series B | 173,704 | 19,047,497 | |
Novozymes A/S Series B | 22,302 | 1,639,985 | |
ORSTED A/S (b) | 19,920 | 2,810,779 | |
Pandora A/S | 10,520 | 1,469,040 | |
Royal Unibrew A/S | 4,359 | 540,828 | |
SimCorp A/S | 4,235 | 511,622 | |
Tryg A/S | 37,570 | 890,645 | |
Vestas Wind Systems A/S | 106,390 | 4,601,140 | |
TOTAL DENMARK | 51,039,383 | ||
Egypt - 0.0% | |||
Commercial International Bank SAE (a) | 190,361 | 618,098 | |
Finland - 0.8% | |||
Elisa Corp. (A Shares) | 15,580 | 939,787 | |
Fortum Corp. | 45,311 | 1,346,154 | |
Huhtamaki Oyj | 9,788 | 426,120 | |
Kesko Oyj | 29,081 | 944,319 | |
Kojamo OYJ | 16,232 | 362,712 | |
Kone OYJ (B Shares) | 42,599 | 2,903,452 | |
Metso Outotec Oyj | 74,732 | 749,867 | |
Neste Oyj | 45,525 | 2,536,090 | |
Nokia Corp. (a) | 567,592 | 3,257,700 | |
Nokian Tyres PLC | 13,080 | 489,904 | |
Nordea Bank ABP | 374,919 | 4,586,515 | |
Orion Oyj (B Shares) | 11,296 | 488,768 | |
Sampo Oyj (A Shares) | 52,847 | 2,810,192 | |
Stora Enso Oyj (R Shares) | 65,055 | 1,081,427 | |
TietoEVRY Oyj | 11,426 | 350,024 | |
UPM-Kymmene Corp. | 56,369 | 1,988,761 | |
Valmet Corp. | 14,209 | 576,539 | |
Wartsila Corp. | 51,289 | 711,185 | |
TOTAL FINLAND | 26,549,516 | ||
France - 5.9% | |||
Air Liquide SA | 49,891 | 8,329,694 | |
Alstom SA | 30,928 | 1,102,206 | |
Arkema SA | 6,996 | 955,928 | |
Atos Origin SA | 10,272 | 534,112 | |
AXA SA | 216,929 | 6,311,114 | |
BNP Paribas SA | 121,063 | 8,103,622 | |
Bouygues SA | 23,162 | 937,135 | |
Bureau Veritas SA | 30,592 | 971,105 | |
Capgemini SA | 16,459 | 3,830,055 | |
Carrefour SA | 66,323 | 1,200,259 | |
Compagnie de St. Gobain | 56,120 | 3,872,985 | |
Compagnie Generale des Etablissements Michelin SCA Series B | 18,796 | 2,955,060 | |
Credit Agricole SA | 146,386 | 2,208,522 | |
Danone SA | 72,474 | 4,724,276 | |
Dassault Systemes SA | 72,899 | 4,257,113 | |
Edenred SA | 26,218 | 1,417,506 | |
Eiffage SA | 8,589 | 883,274 | |
ENGIE | 187,928 | 2,671,242 | |
EssilorLuxottica SA | 31,651 | 6,545,693 | |
Faurecia SA | 13,652 | 710,966 | |
Gecina SA | 5,726 | 801,261 | |
Hermes International SCA | 3,672 | 5,817,542 | |
Kering SA | 7,771 | 5,832,407 | |
L'Oreal SA | 25,866 | 11,832,525 | |
Legrand SA | 28,155 | 3,071,433 | |
LVMH Moet Hennessy Louis Vuitton SE | 28,183 | 22,098,901 | |
Orange SA | 197,906 | 2,158,156 | |
Orpea | 5,864 | 611,446 | |
Pernod Ricard SA | 21,222 | 4,874,634 | |
Publicis Groupe SA | 24,718 | 1,655,578 | |
Renault SA (a) | 21,969 | 788,805 | |
Safran SA | 36,906 | 4,967,171�� | |
Sanofi SA | 121,224 | 12,176,245 | |
Sartorius Stedim Biotech | 2,520 | 1,387,228 | |
Schneider Electric SA | 59,972 | 10,340,263 | |
Societe Generale Series A | 83,729 | 2,796,880 | |
Sodexo SA | 8,754 | 850,048 | |
Suez Environnement SA | 39,898 | 907,913 | |
Teleperformance | 6,187 | 2,582,649 | |
Thales SA | 11,243 | 1,035,334 | |
Total SA | 261,442 | 13,091,699 | |
Ubisoft Entertainment SA (a) | 9,634 | 504,473 | |
Valeo SA | 23,745 | 695,289 | |
Veolia Environnement SA | 68,312 | 2,229,286 | |
VINCI SA | 54,741 | 5,845,229 | |
Vivendi SA | 85,224 | 1,097,008 | |
Worldline SA (a)(b) | 26,292 | 1,531,227 | |
TOTAL FRANCE | 184,102,497 | ||
Germany - 4.8% | |||
adidas AG | 19,636 | 6,430,688 | |
Allianz SE | 43,424 | 10,097,357 | |
BASF AG | 96,706 | 6,960,285 | |
Bayer AG | 103,545 | 5,835,557 | |
Bayerische Motoren Werke AG (BMW) | 33,559 | 3,384,406 | |
Bechtle AG | 8,667 | 649,235 | |
Beiersdorf AG | 10,405 | 1,105,390 | |
Brenntag SE | 16,270 | 1,546,780 | |
Carl Zeiss Meditec AG | 3,807 | 765,535 | |
Commerzbank AG (a) | 104,501 | 762,993 | |
Continental AG (a) | 11,472 | 1,348,780 | |
Covestro AG (b) | 20,328 | 1,301,854 | |
Daimler AG (Germany) | 87,845 | 8,706,796 | |
Delivery Hero AG (a)(b) | 19,954 | 2,480,837 | |
Deutsche Bank AG (a) | 217,631 | 2,804,127 | |
Deutsche Borse AG | 19,983 | 3,317,210 | |
Deutsche Post AG | 104,537 | 6,467,612 | |
Deutsche Telekom AG | 340,991 | 6,341,463 | |
E.ON AG | 236,426 | 2,997,101 | |
Evonik Industries AG | 20,375 | 659,969 | |
Evotec OAI AG (a) | 14,414 | 697,329 | |
Fresenius Medical Care AG & Co. KGaA | 20,840 | 1,384,383 | |
Fresenius SE & Co. KGaA | 43,751 | 1,985,873 | |
GEA Group AG | 17,222 | 847,909 | |
Hannover Reuck SE | 6,375 | 1,164,381 | |
HeidelbergCement AG | 15,334 | 1,154,726 | |
HelloFresh AG (a) | 18,322 | 1,482,616 | |
Henkel AG & Co. KGaA | 11,075 | 923,075 | |
Infineon Technologies AG | 137,277 | 6,428,868 | |
KION Group AG | 7,692 | 839,400 | |
Knorr-Bremse AG | 7,087 | 746,671 | |
Lanxess AG | 9,206 | 620,011 | |
LEG Immobilien AG | 7,669 | 1,140,529 | |
Merck KGaA | 13,646 | 3,221,209 | |
MTU Aero Engines AG | 5,607 | 1,246,753 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 14,753 | 4,369,355 | |
Puma AG | 10,905 | 1,352,643 | |
Rational AG | 541 | 537,590 | |
Rheinmetall AG | 4,629 | 448,638 | |
RWE AG | 71,467 | 2,748,629 | |
SAP SE | 115,168 | 16,677,613 | |
Scout24 AG (b) | 8,753 | 609,132 | |
Siemens AG | 84,199 | 13,689,240 | |
Siemens Healthineers AG (b) | 29,783 | 1,978,299 | |
Symrise AG | 13,632 | 1,883,940 | |
TAG Immobilien AG | 15,853 | 481,609 | |
TeamViewer AG (a)(b) | 16,619 | 248,043 | |
Thyssenkrupp AG | 42,583 | 442,640 | |
United Internet AG | 10,751 | 396,210 | |
Vitesco Technologies Group AG (a) | 2,175 | 124,709 | |
Vonovia SE | 60,593 | 3,674,587 | |
Zalando SE (a)(b) | 20,404 | 1,924,229 | |
TOTAL GERMANY | 149,434,814 | ||
Greece - 0.1% | |||
Alpha Bank SA (a) | 207,285 | 263,224 | |
EFG Eurobank Ergasias SA (a) | 281,240 | 293,707 | |
Hellenic Telecommunications Organization SA | 23,814 | 421,193 | |
Jumbo SA | 11,518 | 170,962 | |
Motor Oil (HELLAS) Corinth Refineries SA | 5,938 | 100,768 | |
Mytilineos SA | 10,462 | 190,724 | |
National Bank of Greece SA (a) | 62,666 | 197,042 | |
OPAP SA | 19,756 | 307,170 | |
Public Power Corp. of Greece (a) | 13,683 | 148,290 | |
Terna Energy SA | 6,405 | 86,629 | |
TOTAL GREECE | 2,179,709 | ||
Hong Kong - 1.5% | |||
AIA Group Ltd. | 1,274,400 | 14,282,215 | |
Bank of East Asia Ltd. | 152,987 | 251,685 | |
BOC Hong Kong (Holdings) Ltd. | 380,500 | 1,207,937 | |
BYD Electronic International Co. Ltd. | 70,000 | 208,277 | |
China Evergrande New Energy Vehicle Group Ltd. (a)(d) | 280,500 | 134,833 | |
China Overseas Land and Investment Ltd. | 390,000 | 860,150 | |
China Resources Beer Holdings Co. Ltd. | 164,000 | 1,359,553 | |
China Taiping Insurance Group Ltd. | 149,200 | 228,196 | |
CLP Holdings Ltd. | 175,000 | 1,713,411 | |
CSPC Pharmaceutical Group Ltd. | 896,160 | 937,567 | |
Fosun International Ltd. | 239,500 | 281,656 | |
Galaxy Entertainment Group Ltd. (a) | 211,000 | 1,141,713 | |
Guangdong Investment Ltd. | 302,000 | 380,387 | |
Hang Lung Properties Ltd. | 200,000 | 464,238 | |
Hang Seng Bank Ltd. | 76,100 | 1,447,568 | |
Henderson Land Development Co. Ltd. | 139,500 | 584,112 | |
Hong Kong & China Gas Co. Ltd. | 1,129,393 | 1,754,548 | |
Hong Kong Exchanges and Clearing Ltd. | 125,553 | 7,597,243 | |
Lenovo Group Ltd. | 736,000 | 799,273 | |
Link (REIT) | 220,642 | 1,956,725 | |
MTR Corp. Ltd. | 164,113 | 894,337 | |
New World Development Co. Ltd. | 151,000 | 655,003 | |
Power Assets Holdings Ltd. | 143,000 | 872,097 | |
Sino Land Ltd. | 324,728 | 426,543 | |
Sun Hung Kai Properties Ltd. | 161,000 | 2,134,592 | |
Techtronic Industries Co. Ltd. | 181,500 | 3,734,741 | |
Vitasoy International Holdings Ltd. | 102,000 | 245,414 | |
Wharf Holdings Ltd. | 145,000 | 503,181 | |
TOTAL HONG KONG | 47,057,195 | ||
Hungary - 0.1% | |||
MOL Hungarian Oil and Gas PLC Series A (For. Reg.) | 59,399 | 507,592 | |
OTP Bank PLC (a) | 23,363 | 1,403,164 | |
Richter Gedeon PLC | 14,212 | 398,131 | |
TOTAL HUNGARY | 2,308,887 | ||
India - 2.8% | |||
Adani Green Energy Ltd. (a) | 41,127 | 632,556 | |
Adani Ports & Special Economic Zone Ltd. | 77,488 | 716,419 | |
Apollo Hospitals Enterprise Ltd. | 10,623 | 604,039 | |
Asian Paints Ltd. | 47,500 | 1,964,575 | |
Aurobindo Pharma Ltd. | 28,826 | 265,108 | |
Avenue Supermarts Ltd. (a)(b) | 15,421 | 953,683 | |
Axis Bank Ltd. (a) | 239,023 | 2,366,154 | |
Bajaj Auto Ltd. | 7,265 | 359,325 | |
Bajaj Finance Ltd. | 27,976 | 2,762,030 | |
Bajaj Finserv Ltd. | 4,028 | 957,689 | |
Bharat Petroleum Corp. Ltd. | 105,078 | 585,566 | |
Bharti Airtel Ltd. (a) | 254,661 | 2,328,489 | |
Britannia Industries Ltd. | 12,316 | 603,970 | |
Cipla Ltd. (a) | 54,576 | 658,982 | |
Coal India Ltd. | 218,561 | 479,519 | |
Divi's Laboratories Ltd. | 13,350 | 917,277 | |
Dr. Reddy's Laboratories Ltd. | 12,876 | 800,140 | |
Eicher Motors Ltd. | 14,608 | 484,263 | |
HCL Technologies Ltd. | 114,901 | 1,753,292 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 98,190 | 891,380 | |
Hero Motocorp Ltd. | 13,589 | 481,720 | |
Hindalco Industries Ltd. | 154,823 | 949,738 | |
Hindustan Unilever Ltd. | 94,124 | 3,005,174 | |
Housing Development Finance Corp. Ltd. | 190,331 | 7,223,462 | |
ICICI Bank Ltd. | 540,329 | 5,781,747 | |
Indian Oil Corp. Ltd. | 264,190 | 450,979 | |
Info Edge India Ltd. | 7,724 | 626,056 | |
Infosys Ltd. | 388,859 | 8,693,641 | |
ITC Ltd. | 311,091 | 926,363 | |
JSW Steel Ltd. | 101,346 | 904,752 | |
Kotak Mahindra Bank Ltd. (a) | 114,849 | 3,112,208 | |
Larsen & Toubro Ltd. | 72,531 | 1,709,518 | |
Mahindra & Mahindra Ltd. | 100,029 | 1,180,050 | |
Maruti Suzuki India Ltd. | 13,995 | 1,397,054 | |
NTPC Ltd. | 502,846 | 889,901 | |
Oil & Natural Gas Corp. Ltd. | 384,121 | 763,835 | |
Power Grid Corp. of India Ltd. | 359,043 | 886,411 | |
Reliance Industries Ltd. | 340,538 | 11,522,774 | |
Shriram Transport Finance Co. Ltd. | 20,563 | 394,004 | |
State Bank of India | 188,039 | 1,259,740 | |
Sun Pharmaceutical Industries Ltd. | 114,270 | 1,211,989 | |
Tata Consultancy Services Ltd. | 109,172 | 4,948,825 | |
Tata Consumer Products Ltd. | 63,041 | 680,831 | |
Tata Motors Ltd. (a) | 184,903 | 1,188,313 | |
Tata Steel Ltd. | 82,553 | 1,449,345 | |
Tech Mahindra Ltd. | 64,897 | 1,279,541 | |
Titan Co. Ltd. | 44,250 | 1,407,139 | |
Ultratech Cement Ltd. | 12,168 | 1,239,617 | |
UPL Ltd. (a) | 58,162 | 574,365 | |
Vedanta Ltd. | 137,853 | 559,100 | |
Wipro Ltd. | 156,128 | 1,350,668 | |
TOTAL INDIA | 89,133,316 | ||
Indonesia - 0.4% | |||
Perusahaan Gas Negara Tbk PT Series B (a) | 1,088,200 | 115,983 | |
PT ACE Hardware Indonesia Tbk | 792,800 | 78,902 | |
PT Adaro Energy Tbk | 1,418,800 | 168,243 | |
PT Aneka Tambang Tbk | 820,200 | 135,470 | |
PT Astra International Tbk | 2,096,200 | 891,449 | |
PT Bank Central Asia Tbk | 5,843,700 | 3,083,230 | |
PT Bank Mandiri (Persero) Tbk | 1,968,400 | 995,168 | |
PT Bank Negara Indonesia (Persero) Tbk | 784,700 | 387,711 | |
PT Bank Rakyat Indonesia Tbk | 6,824,753 | 2,048,680 | |
PT Barito Pacific Tbk | 2,942,400 | 194,187 | |
PT Bukit Asam Tbk | 455,700 | 86,203 | |
PT Bumi Serpong Damai Tbk (a) | 888,000 | 69,573 | |
PT Charoen Pokphand Indonesia Tbk | 728,200 | 318,676 | |
PT Ciputra Development Tbk | 865,900 | 65,703 | |
PT Gudang Garam Tbk | 46,600 | 110,189 | |
PT Indah Kiat Pulp & Paper Tbk | 288,000 | 172,282 | |
PT Indocement Tunggal Prakarsa Tbk | 181,400 | 151,407 | |
PT Indofood CBP Sukses Makmur Tbk | 207,100 | 128,638 | |
PT Indofood Sukses Makmur Tbk | 433,000 | 194,074 | |
PT Jasa Marga Tbk (a) | 273,900 | 81,199 | |
PT Kalbe Farma Tbk | 2,011,100 | 227,123 | |
PT Merdeka Copper Gold Tbk (a) | 1,278,800 | 285,231 | |
PT Mitra Keluarga Karyasehat Tbk | 652,600 | 105,024 | |
PT Pabrik Kertas Tjiwi Kimia Tbk | 148,500 | 87,523 | |
PT Sarana Menara Nusantara Tbk | 2,510,400 | 205,545 | |
PT Semen Gresik (Persero) Tbk | 324,400 | 208,367 | |
PT Surya Citra Media Tbk (a) | 2,965,500 | 87,913 | |
PT Telkom Indonesia Persero Tbk | 5,018,600 | 1,341,400 | |
PT Tower Bersama Infrastructure Tbk | 1,023,600 | 212,415 | |
PT United Tractors Tbk | 161,500 | 268,454 | |
PT Vale Indonesia Tbk | 240,100 | 82,194 | |
PT XL Axiata Tbk | 391,600 | 85,133 | |
TOTAL INDONESIA | 12,673,289 | ||
Ireland - 0.6% | |||
Bank Ireland Group PLC (a) | 98,830 | 589,745 | |
CRH PLC | 82,546 | 3,950,142 | |
DCC PLC (United Kingdom) | 10,457 | 873,825 | |
Flutter Entertainment PLC (a) | 5,875 | 1,109,150 | |
Flutter Entertainment PLC (Ireland) (a) | 10,227 | 1,934,147 | |
ICON PLC (a) | 8,384 | 2,404,280 | |
James Hardie Industries PLC CDI | 47,178 | 1,833,040 | |
Kerry Group PLC Class A | 16,195 | 2,173,557 | |
Kingspan Group PLC (Ireland) | 16,364 | 1,884,868 | |
Ryanair Holdings PLC sponsored ADR (a) | 9,930 | 1,127,154 | |
Smurfit Kappa Group PLC | 27,208 | 1,424,481 | |
TOTAL IRELAND | 19,304,389 | ||
Isle of Man - 0.1% | |||
Entain PLC (a) | 61,677 | 1,728,677 | |
NEPI Rockcastle PLC | 49,933 | 334,739 | |
TOTAL ISLE OF MAN | 2,063,416 | ||
Israel - 0.6% | |||
Airport City Ltd. (a) | 7,413 | 141,216 | |
Alony Hetz Properties & Investments Ltd. | 16,190 | 263,954 | |
Amot Investments Ltd. | 17,034 | 129,786 | |
Azrieli Group | 3,950 | 368,742 | |
Bank Hapoalim BM (Reg.) | 124,129 | 1,219,970 | |
Bank Leumi le-Israel BM | 154,121 | 1,469,443 | |
Bezeq The Israel Telecommunication Corp. Ltd. (a) | 223,979 | 280,367 | |
Check Point Software Technologies Ltd. (a) | 10,907 | 1,304,477 | |
Clal Insurance Enterprises Holdings Ltd. (a) | 6,585 | 162,567 | |
Cognyte Software Ltd. (a) | 7,478 | 148,887 | |
Compugen Ltd. (a)(d) | 9,501 | 61,661 | |
CyberArk Software Ltd. (a) | 4,216 | 759,344 | |
Danel Adir Yeoshua Ltd. | 521 | 109,984 | |
Elbit Systems Ltd. (Israel) | 2,510 | 395,020 | |
Electra Israel Ltd. | 220 | 144,611 | |
Energix-Renewable Energies Ltd. | 20,723 | 97,251 | |
Enlight Renewable Energy Ltd. (a) | 89,314 | 220,156 | |
First International Bank of Israel | 5,750 | 230,047 | |
Formula Systems (1985) Ltd. | 897 | 96,153 | |
Gav-Yam Lands Corp. Ltd. | 6,086 | 72,355 | |
Global-e Online Ltd. (a)(d) | 2,903 | 167,968 | |
Harel Insurance Investments and Financial Services Ltd. | 12,544 | 139,895 | |
Icl Group Ltd. | 71,085 | 607,660 | |
InMode Ltd. (a) | 5,227 | 495,206 | |
Israel Corp. Ltd. (Class A) (a) | 463 | 170,343 | |
Israel Discount Bank Ltd. (Class A) (a) | 124,679 | 751,774 | |
Kornit Digital Ltd. (a) | 4,866 | 813,984 | |
Melisron Ltd. (a) | 2,411 | 203,663 | |
Mivne Real Estate KD Ltd. | 61,764 | 224,855 | |
Mizrahi Tefahot Bank Ltd. | 15,436 | 560,493 | |
Nano Dimension Ltd. ADR (a)(d) | 24,907 | 146,453 | |
NICE Systems Ltd. (a) | 6,648 | 1,870,226 | |
Nova Ltd. (a) | 2,776 | 293,887 | |
Paz Oil Co. Ltd. (a) | 1,113 | 141,466 | |
Plus500 Ltd. | 10,669 | 192,223 | |
Radware Ltd. (a) | 4,165 | 147,566 | |
Reit 1 Ltd. | 21,377 | 133,625 | |
Shapir Engineering and Industry Ltd. | 14,576 | 119,119 | |
Shikun & Binui Ltd. (a) | 22,653 | 134,586 | |
Shufersal Ltd. | 27,490 | 227,263 | |
Strauss Group Ltd. | 5,558 | 163,226 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR (a) | 115,618 | 1,010,501 | |
The Phoenix Holdings Ltd. | 17,688 | 222,864 | |
Tower Semiconductor Ltd. (a) | 11,877 | 385,472 | |
Wix.com Ltd. (a) | 5,989 | 1,113,714 | |
TOTAL ISRAEL | 18,114,023 | ||
Italy - 1.2% | |||
A2A SpA | 168,736 | 354,617 | |
Amplifon SpA | 9,787 | 497,240 | |
Assicurazioni Generali SpA | 128,161 | 2,792,705 | |
Atlantia SpA (a) | 52,308 | 1,010,119 | |
Azimut Holding SpA | 11,889 | 342,080 | |
Banco BPM SpA | 156,377 | 485,553 | |
Buzzi Unicem SpA | 9,677 | 225,634 | |
DiaSorin SpA | 2,085 | 470,844 | |
Enel SpA | 814,403 | 6,818,010 | |
Eni SpA | 265,431 | 3,804,275 | |
FinecoBank SpA | 63,973 | 1,221,330 | |
Hera SpA | 84,609 | 345,947 | |
Infrastrutture Wireless Italiane SpA (b) | 38,207 | 422,063 | |
Interpump Group SpA | 8,806 | 648,958 | |
Intesa Sanpaolo SpA | 1,801,911 | 5,121,353 | |
Italgas SpA | 49,032 | 311,179 | |
Leonardo SpA (a) | 43,691 | 320,112 | |
Mediobanca SpA | 76,520 | 912,435 | |
Moncler SpA | 22,200 | 1,594,198 | |
Nexi SpA (a)(b) | 48,356 | 839,891 | |
Pirelli & C. SpA (b) | 47,937 | 294,365 | |
Poste Italiane SpA (b) | 48,416 | 690,656 | |
Prada SpA | 51,800 | 324,894 | |
Prysmian SpA | 28,015 | 1,059,001 | |
Recordati SpA | 10,552 | 660,162 | |
Reply SpA | 2,355 | 456,543 | |
Snam Rete Gas SpA | 215,420 | 1,219,478 | |
Telecom Italia SpA | 1,251,068 | 446,319 | |
Telecom Italia SpA (Risparmio Shares) | 465,378 | 176,725 | |
Terna - Rete Elettrica Naziona | 147,827 | 1,100,861 | |
UniCredit SpA | 236,374 | 3,121,589 | |
TOTAL ITALY | 38,089,136 | ||
Japan - 16.0% | |||
ACOM Co. Ltd. | 44,700 | 149,080 | |
Activia Properties, Inc. | 80 | 327,974 | |
Advance Residence Investment Corp. | 147 | 483,146 | |
Advantest Corp. | 21,000 | 1,721,747 | |
Aeon (REIT) Investment Corp. | 176 | 237,924 | |
AEON Co. Ltd. | 92,100 | 2,118,729 | |
AGC, Inc. | 23,700 | 1,180,156 | |
Aica Kogyo Co. Ltd. | 6,600 | 202,295 | |
Ain Holdings, Inc. | 2,900 | 171,171 | |
Air Water, Inc. | 24,600 | 376,382 | |
Aisin Seiki Co. Ltd. | 19,400 | 709,900 | |
Ajinomoto Co., Inc. | 57,400 | 1,718,595 | |
Alfresa Holdings Corp. | 21,300 | 300,266 | |
Alps Electric Co. Ltd. | 23,200 | 226,689 | |
Amada Co. Ltd. | 37,400 | 369,492 | |
Ana Holdings, Inc. (a) | 16,800 | 391,457 | |
Anritsu Corp. | 13,700 | 227,180 | |
Aozora Bank Ltd. | 11,700 | 267,637 | |
As One Corp. | 1,700 | 233,040 | |
Asahi Group Holdings | 53,400 | 2,423,307 | |
ASAHI INTECC Co. Ltd. | 24,800 | 653,712 | |
Asahi Kasei Corp. | 147,300 | 1,547,438 | |
Asics Corp. | 19,700 | 490,952 | |
Astellas Pharma, Inc. | 196,300 | 3,309,379 | |
Azbil Corp. | 13,900 | 592,596 | |
Bandai Namco Holdings, Inc. | 23,400 | 1,788,195 | |
Bank of Kyoto Ltd. | 8,200 | 368,781 | |
BayCurrent Consulting, Inc. | 1,500 | 622,530 | |
Benefit One, Inc. | 8,100 | 408,779 | |
Bic Camera, Inc. | 19,500 | 168,178 | |
Bridgestone Corp. | 63,900 | 2,826,890 | |
Brother Industries Ltd. | 27,900 | 539,417 | |
Calbee, Inc. | 12,500 | 322,069 | |
Canon, Inc. | 109,500 | 2,489,961 | |
Capcom Co. Ltd. | 17,400 | 468,328 | |
Casio Computer Co. Ltd. | 24,500 | 346,702 | |
Central Japan Railway Co. | 21,700 | 3,218,992 | |
Chiba Bank Ltd. | 79,100 | 490,279 | |
Chubu Electric Power Co., Inc. | 74,600 | 772,195 | |
Chugai Pharmaceutical Co. Ltd. | 67,700 | 2,531,261 | |
Chugoku Electric Power Co., Inc. | 33,400 | 277,048 | |
Coca-Cola West Co. Ltd. | 16,300 | 224,314 | |
COMSYS Holdings Corp. | 13,500 | 334,274 | |
Concordia Financial Group Ltd. | 128,900 | 512,335 | |
Cosmos Pharmaceutical Corp. | 2,200 | 336,198 | |
CyberAgent, Inc. | 43,100 | 722,164 | |
Dai Nippon Printing Co. Ltd. | 29,400 | 728,387 | |
Dai-ichi Mutual Life Insurance Co. | 117,200 | 2,465,720 | |
Daicel Chemical Industries Ltd. | 31,600 | 236,598 | |
Daifuku Co. Ltd. | 13,300 | 1,224,391 | |
Daiichi Sankyo Kabushiki Kaisha | 192,800 | 4,864,803 | |
Daikin Industries Ltd. | 30,900 | 6,767,558 | |
Daio Paper Corp. | 12,700 | 223,476 | |
Daito Trust Construction Co. Ltd. | 7,300 | 905,084 | |
Daiwa House Industry Co. Ltd. | 70,100 | 2,312,613 | |
Daiwa House REIT Investment Corp. | 221 | 634,189 | |
Daiwa Office Investment Corp. | 31 | 200,102 | |
Daiwa Securities Group, Inc. | 162,700 | 914,073 | |
Daiwa Securities Living Invest | 212 | 214,166 | |
Denka Co. Ltd. | 9,500 | 311,022 | |
DENSO Corp. | 54,800 | 3,972,735 | |
Dentsu Group, Inc. | 26,000 | 950,137 | |
Dic Corp. | 8,100 | 214,462 | |
Disco Corp. | 3,100 | 835,753 | |
Dmg Mori Co. Ltd. | 14,000 | 241,091 | |
Dowa Holdings Co. Ltd. | 5,800 | 242,231 | |
East Japan Railway Co. | 39,900 | 2,485,231 | |
Ebara Corp. | 9,000 | 491,102 | |
Eisai Co. Ltd. | 31,300 | 2,217,799 | |
Electric Power Development Co. Ltd. | 17,100 | 226,055 | |
ENEOS Holdings, Inc. | 341,300 | 1,376,207 | |
Exeo Group, Inc. | 11,400 | 263,501 | |
Ezaki Glico Co. Ltd. | 6,300 | 228,649 | |
Fancl Corp. | 8,800 | 266,798 | |
FANUC Corp. | 20,200 | 3,991,948 | |
Fast Retailing Co. Ltd. | 6,900 | 4,580,342 | |
Food & Life Companies Ltd. | 12,200 | 528,790 | |
FP Corp. | 6,000 | 203,742 | |
Freee KK (a) | 4,100 | 294,281 | |
Frontier Real Estate Investment Corp. | 54 | 238,904 | |
Fuji Corp. | 10,300 | 240,258 | |
Fuji Electric Co. Ltd. | 15,900 | 777,473 | |
FUJIFILM Holdings Corp. | 42,300 | 3,268,835 | |
Fujitsu Ltd. | 19,400 | 3,352,897 | |
Fukuoka Financial Group, Inc. | 20,700 | 371,882 | |
Furukawa Electric Co. Ltd. | 6,700 | 146,603 | |
GLP J-REIT | 474 | 773,161 | |
GMO Internet, Inc. | 6,800 | 187,777 | |
GMO Payment Gateway, Inc. | 4,800 | 608,142 | |
GOLDWIN, Inc. | 3,800 | 229,935 | |
GS Yuasa Corp. | 8,900 | 193,750 | |
Hakuhodo DY Holdings, Inc. | 31,300 | 510,303 | |
Hamamatsu Photonics K.K. | 15,500 | 919,962 | |
Hankyu Hanshin Holdings, Inc. | 25,800 | 799,944 | |
Harmonic Drive Systems, Inc. | 5,300 | 240,258 | |
Haseko Corp. | 23,600 | 307,297 | |
Hikari Tsushin, Inc. | 2,200 | 339,139 | |
Hino Motors Ltd. | 31,400 | 297,034 | |
Hirose Electric Co. Ltd. | 3,500 | 585,308 | |
Hisamitsu Pharmaceutical Co., Inc. | 8,800 | 300,226 | |
Hitachi Construction Machinery Co. Ltd. | 10,400 | 331,822 | |
Hitachi Ltd. | 102,000 | 5,877,705 | |
Hitachi Metals Ltd. (a) | 21,000 | 397,544 | |
Honda Motor Co. Ltd. | 181,100 | 5,356,551 | |
Horiba Ltd. | 4,800 | 314,694 | |
Hoshizaki Corp. | 6,200 | 521,364 | |
House Foods Group, Inc. | 7,900 | 226,665 | |
Hoya Corp. | 39,000 | 5,741,134 | |
Hulic Co. Ltd. | 52,600 | 505,775 | |
Ibiden Co. Ltd. | 14,000 | 841,203 | |
Idemitsu Kosan Co. Ltd. | 26,057 | 711,677 | |
IHI Corp. (a) | 16,600 | 387,740 | |
Iida Group Holdings Co. Ltd. | 19,200 | 473,367 | |
Industrial & Infrastructure Fund Investment Corp. | 220 | 403,381 | |
Infomart Corp. | 21,700 | 211,756 | |
INPEX Corp. | 113,600 | 947,347 | |
Invincible Investment Corp. | 626 | 247,488 | |
Isetan Mitsukoshi Holdings Ltd. | 42,000 | 307,060 | |
Isuzu Motors Ltd. | 66,000 | 887,885 | |
ITO EN Ltd. | 6,900 | 459,580 | |
Itochu Corp. | 156,800 | 4,472,072 | |
ITOCHU Techno-Solutions Corp. | 10,200 | 322,211 | |
Iwatani Corp. | 5,800 | 342,580 | |
Iyo Bank Ltd. | 36,600 | 179,066 | |
J. Front Retailing Co. Ltd. | 28,900 | 267,872 | |
Japan Airlines Co. Ltd. (a) | 15,200 | 327,125 | |
Japan Airport Terminal Co. Ltd. (a) | 9,800 | 486,154 | |
Japan Exchange Group, Inc. | 56,200 | 1,330,708 | |
Japan Hotel REIT Investment Corp. | 458 | 276,590 | |
Japan Logistics Fund, Inc. | 93 | 278,193 | |
Japan Post Holdings Co. Ltd. | 126,700 | 973,551 | |
Japan Post Insurance Co. Ltd. | 21,200 | 343,964 | |
Japan Prime Realty Investment Corp. | 102 | 374,127 | |
Japan Real Estate Investment Corp. | 146 | 894,868 | |
Japan Retail Fund Investment Corp. | 733 | 673,274 | |
Japan Steel Works Ltd. | 7,400 | 217,392 | |
Japan Tobacco, Inc. | 115,500 | 2,267,401 | |
JCR Pharmaceuticals Co. Ltd. | 8,200 | 201,252 | |
JFE Holdings, Inc. | 60,900 | 930,579 | |
JGC Corp. | 28,600 | 268,763 | |
JSR Corp. | 22,600 | 819,692 | |
JTEKT Corp. | 27,500 | 243,420 | |
Justsystems Corp. | 3,000 | 155,059 | |
K's Holdings Corp. | 21,600 | 222,971 | |
Kadokawa Corp. | 5,600 | 295,684 | |
Kagome Co. Ltd. | 8,500 | 215,694 | |
Kajima Corp. | 53,300 | 656,270 | |
Kakaku.com, Inc. | 13,800 | 457,952 | |
Kamigumi Co. Ltd. | 12,000 | 241,619 | |
Kaneka Corp. | 7,400 | 283,782 | |
Kansai Electric Power Co., Inc. | 86,300 | 794,574 | |
Kansai Paint Co. Ltd. | 27,200 | 629,843 | |
Kao Corp. | 50,200 | 2,839,717 | |
Kawasaki Heavy Industries Ltd. (a) | 18,100 | 367,293 | |
KDDI Corp. | 174,600 | 5,339,269 | |
Keihan Electric Railway Co., Ltd. | 11,800 | 310,418 | |
Keikyu Corp. | 28,200 | 318,277 | |
Keio Corp. | 13,100 | 661,258 | |
Keisei Electric Railway Co. | 18,100 | 582,473 | |
Kenedix Office Investment Corp. | 44 | 278,597 | |
Kewpie Corp. | 12,200 | 267,599 | |
Keyence Corp. | 20,200 | 12,193,019 | |
Kikkoman Corp. | 20,300 | 1,660,339 | |
Kinden Corp. | 13,000 | 213,338 | |
Kintetsu Group Holdings Co. Ltd. (a) | 20,400 | 642,152 | |
Kirin Holdings Co. Ltd. | 87,300 | 1,519,530 | |
Kobayashi Pharmaceutical Co. Ltd. | 6,100 | 488,403 | |
Kobe Bussan Co. Ltd. | 12,900 | 444,362 | |
Koei Tecmo Holdings Co. Ltd. | 6,240 | 290,461 | |
Koito Manufacturing Co. Ltd. | 13,700 | 777,313 | |
Komatsu Ltd. | 103,000 | 2,697,706 | |
Konami Holdings Corp. | 10,400 | 572,318 | |
Konica Minolta, Inc. | 55,100 | 272,728 | |
Kose Corp. | 3,600 | 418,053 | |
Kubota Corp. | 121,300 | 2,584,056 | |
Kuraray Co. Ltd. | 36,700 | 332,101 | |
Kurita Water Industries Ltd. | 11,300 | 558,125 | |
Kyocera Corp. | 37,300 | 2,183,801 | |
Kyowa Hakko Kirin Co., Ltd. | 26,900 | 884,689 | |
Kyushu Electric Power Co., Inc. | 48,100 | 338,835 | |
Kyushu Railway Co. | 16,700 | 373,823 | |
LaSalle Logiport REIT | 185 | 308,675 | |
Lasertec Corp. | 8,100 | 1,757,018 | |
Lawson, Inc. | 5,300 | 256,306 | |
Lion Corp. | 31,400 | 522,948 | |
LIXIL Group Corp. | 30,800 | 791,249 | |
M3, Inc. | 45,200 | 2,663,651 | |
Mabuchi Motor Co. Ltd. | 6,000 | 206,870 | |
Makita Corp. | 29,300 | 1,359,870 | |
Mani, Inc. | 9,100 | 155,123 | |
Marubeni Corp. | 182,800 | 1,551,117 | |
Marui Group Co. Ltd. | 23,500 | 461,157 | |
Matsumotokiyoshi Holdings Co. Ltd. | 10,000 | 443,395 | |
Mazda Motor Corp. (a) | 63,700 | 572,935 | |
McDonald's Holdings Co. (Japan) Ltd. | 7,700 | 344,125 | |
Mebuki Financial Group, Inc. | 130,000 | 266,177 | |
Medipal Holdings Corp. | 21,200 | 383,555 | |
Meiji Holdings Co. Ltd. | 15,400 | 971,875 | |
Menicon Co. Ltd. | 7,100 | 266,564 | |
Mercari, Inc. (a) | 11,700 | 633,080 | |
Minebea Mitsumi, Inc. | 42,700 | 1,081,038 | |
Misumi Group, Inc. | 29,900 | 1,250,531 | |
Mitsubishi Chemical Holdings Corp. | 149,500 | 1,237,476 | |
Mitsubishi Corp. | 156,300 | 4,970,024 | |
Mitsubishi Electric Corp. | 225,800 | 3,032,368 | |
Mitsubishi Estate Co. Ltd. | 146,200 | 2,221,800 | |
Mitsubishi Gas Chemical Co., Inc. | 22,300 | 448,815 | |
Mitsubishi Heavy Industries Ltd. | 35,700 | 912,952 | |
Mitsubishi Logistics Corp. | 7,700 | 215,026 | |
Mitsubishi Materials Corp. | 13,900 | 269,837 | |
Mitsubishi UFJ Financial Group, Inc. | 1,358,200 | 7,447,687 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 83,700 | 419,689 | |
Mitsui & Co. Ltd. | 172,900 | 3,956,732 | |
Mitsui Chemicals, Inc. | 21,500 | 639,278 | |
Mitsui Fudosan Co. Ltd. | 101,700 | 2,325,252 | |
Mitsui Fudosan Logistics Park, Inc. | 54 | 287,061 | |
Mitsui Mining & Smelting Co. Ltd. | 6,500 | 186,519 | |
Mitsui OSK Lines Ltd. | 12,800 | 807,059 | |
Miura Co. Ltd. | 12,300 | 473,125 | |
Mizuho Financial Group, Inc. | 266,940 | 3,523,068 | |
MonotaRO Co. Ltd. | 26,300 | 599,424 | |
Mori Hills REIT Investment Corp. | 174 | 235,916 | |
Morinaga & Co. Ltd. | 4,900 | 173,160 | |
Morinaga Milk Industry Co. Ltd. | 4,900 | 287,163 | |
MS&AD Insurance Group Holdings, Inc. | 48,900 | 1,579,830 | |
Murata Manufacturing Co. Ltd. | 67,700 | 5,021,890 | |
Nabtesco Corp. | 12,500 | 405,670 | |
Nagoya Railroad Co. Ltd. (a) | 19,800 | 327,150 | |
Nankai Electric Railway Co. Ltd. | 12,100 | 240,146 | |
NEC Corp. | 29,000 | 1,484,859 | |
Net One Systems Co. Ltd. | 8,700 | 285,303 | |
Nexon Co. Ltd. | 48,700 | 828,930 | |
NGK Insulators Ltd. | 29,100 | 484,549 | |
NGK Spark Plug Co. Ltd. | 17,500 | 279,563 | |
NH Foods Ltd. | 11,000 | 386,845 | |
Nichirei Corp. | 14,500 | 353,154 | |
Nidec Corp. | 57,800 | 6,401,803 | |
Nifco, Inc. | 9,800 | 312,616 | |
Nihon Kohden Corp. | 9,000 | 286,373 | |
Nihon M&A Center Holdings, Inc. | 31,500 | 967,189 | |
Nihon Unisys Ltd. | 8,200 | 230,394 | |
Nikon Corp. | 37,100 | 409,056 | |
Nintendo Co. Ltd. | 12,500 | 5,520,713 | |
Nippon Accommodations Fund, Inc. | 51 | 284,440 | |
Nippon Building Fund, Inc. | 172 | 1,117,475 | |
Nippon Electric Glass Co. Ltd. | 9,300 | 237,456 | |
Nippon Express Co. Ltd. | 9,100 | 569,610 | |
Nippon Gas Co. Ltd. | 13,200 | 163,727 | |
Nippon Paint Holdings Co. Ltd. | 151,400 | 1,619,956 | |
Nippon Sanso Holdings Corp. | 22,000 | 519,389 | |
Nippon Shinyaku Co. Ltd. | 6,500 | 520,757 | |
Nippon Shokubai Co. Ltd. | 3,600 | 188,081 | |
Nippon Steel & Sumitomo Metal Corp. | 99,400 | 1,742,757 | |
Nippon Telegraph & Telephone Corp. | 135,500 | 3,796,567 | |
Nippon Yusen KK | 18,100 | 1,304,237 | |
Nishi-Nippon Railroad Co. Ltd. | 8,200 | 201,993 | |
Nissan Chemical Corp. | 15,000 | 834,880 | |
Nissan Motor Co. Ltd. (a) | 253,500 | 1,290,280 | |
Nisshin Seifun Group, Inc. | 27,600 | 435,821 | |
Nissin Food Holdings Co. Ltd. | 8,900 | 680,315 | |
Nitori Holdings Co. Ltd. | 9,200 | 1,690,137 | |
Nitto Denko Corp. | 15,800 | 1,234,615 | |
NOF Corp. | 9,000 | 451,679 | |
Nomura Holdings, Inc. | 322,600 | 1,536,388 | |
Nomura Real Estate Holdings, Inc. | 12,800 | 312,056 | |
Nomura Real Estate Master Fund, Inc. | 499 | 747,236 | |
Nomura Research Institute Ltd. | 45,700 | 1,829,557 | |
NSK Ltd. | 49,600 | 333,285 | |
NTT Data Corp. | 67,800 | 1,360,124 | |
Obayashi Corp. | 76,500 | 645,832 | |
OBIC Co. Ltd. | 7,000 | 1,294,465 | |
Odakyu Electric Railway Co. Ltd. | 36,300 | 786,963 | |
Oji Holdings Corp. | 105,100 | 520,953 | |
Olympus Corp. | 136,800 | 2,963,505 | |
OMRON Corp. | 21,900 | 2,094,399 | |
Ono Pharmaceutical Co. Ltd. | 52,300 | 1,097,345 | |
Open House Co. Ltd. | 7,900 | 503,807 | |
Oracle Corp. Japan | 3,600 | 340,648 | |
Oriental Land Co. Ltd. | 24,100 | 3,806,348 | |
ORIX Corp. | 128,500 | 2,554,105 | |
ORIX JREIT, Inc. | 292 | 484,459 | |
Osaka Gas Co. Ltd. | 43,700 | 704,356 | |
Otsuka Corp. | 12,400 | 610,781 | |
Otsuka Holdings Co. Ltd. | 59,100 | 2,337,363 | |
Pan Pacific International Holdings Ltd. | 56,000 | 1,175,826 | |
Panasonic Corp. | 245,600 | 3,037,098 | |
Park24 Co. Ltd. (a) | 12,800 | 196,067 | |
Penta-Ocean Construction Co. Ltd. | 28,000 | 192,946 | |
PeptiDream, Inc. (a) | 10,700 | 258,643 | |
Persol Holdings Co. Ltd. | 19,900 | 534,885 | |
Pigeon Corp. | 13,200 | 305,662 | |
Rakuten Group, Inc. | 96,400 | 1,055,390 | |
Recruit Holdings Co. Ltd. | 178,600 | 11,880,297 | |
Relo Group, Inc. | 12,000 | 249,598 | |
Renesas Electronics Corp. (a) | 146,200 | 1,798,469 | |
Rengo Co. Ltd. | 27,200 | 206,261 | |
Resona Holdings, Inc. | 254,900 | 957,557 | |
Ricoh Co. Ltd. | 78,200 | 761,499 | |
Rinnai Corp. | 4,200 | 431,225 | |
ROHM Co. Ltd. | 9,200 | 841,226 | |
Rohto Pharmaceutical Co. Ltd. | 11,900 | 363,589 | |
Ryohin Keikaku Co. Ltd. | 27,600 | 543,892 | |
Sankyu, Inc. | 6,700 | 302,483 | |
Santen Pharmaceutical Co. Ltd. | 43,100 | 607,492 | |
Sanwa Holdings Corp. | 23,400 | 272,929 | |
Sawai Group Holdings Co. Ltd. | 4,900 | 216,160 | |
SBI Holdings, Inc. Japan | 25,500 | 660,946 | |
Screen Holdings Co. Ltd. | 5,100 | 474,041 | |
SCSK Corp. | 16,500 | 333,912 | |
Secom Co. Ltd. | 22,600 | 1,540,698 | |
Sega Sammy Holdings, Inc. | 18,400 | 261,656 | |
Seibu Holdings, Inc. (a) | 29,100 | 317,875 | |
Seiko Epson Corp. | 32,600 | 580,478 | |
Seino Holdings Co. Ltd. | 18,000 | 218,086 | |
Sekisui Chemical Co. Ltd. | 45,900 | 754,079 | |
Sekisui House (REIT), Inc. | 450 | 340,200 | |
Sekisui House Ltd. | 67,900 | 1,411,694 | |
Seven & i Holdings Co. Ltd. | 84,000 | 3,526,721 | |
SG Holdings Co. Ltd. | 52,800 | 1,325,866 | |
Sharp Corp. | 22,500 | 265,392 | |
Shimadzu Corp. | 28,800 | 1,170,064 | |
Shimamura Co. Ltd. | 2,700 | 228,616 | |
SHIMANO, Inc. | 8,900 | 2,483,221 | |
SHIMIZU Corp. | 71,700 | 525,335 | |
Shin-Etsu Chemical Co. Ltd. | 41,700 | 7,436,489 | |
Shinsei Bank Ltd. | 13,300 | 219,645 | |
Shionogi & Co. Ltd. | 29,900 | 1,949,489 | |
Ship Healthcare Holdings, Inc. | 8,800 | 231,144 | |
Shiseido Co. Ltd. | 42,300 | 2,822,551 | |
Shizuoka Bank Ltd. | 63,200 | 508,911 | |
SHO-BOND Holdings Co. Ltd. | 4,800 | 201,069 | |
Shochiku Co. Ltd. (a) | 1,600 | 174,100 | |
Showa Denko K.K. | 19,200 | 481,537 | |
Skylark Co. Ltd. (a) | 24,300 | 329,255 | |
SMC Corp. | 6,500 | 3,878,974 | |
SMS Co., Ltd. | 7,900 | 306,507 | |
SoftBank Corp. | 291,800 | 3,982,976 | |
SoftBank Group Corp. | 132,500 | 7,173,206 | |
Sohgo Security Services Co., Ltd. | 9,100 | 389,332 | |
Sojitz Corp. | 23,040 | 380,138 | |
Sompo Holdings, Inc. | 37,200 | 1,613,246 | |
Sony Group Corp. | 132,800 | 15,377,759 | |
Sotetsu Holdings, Inc. | 10,200 | 197,297 | |
Square Enix Holdings Co. Ltd. | 9,300 | 509,455 | |
Stanley Electric Co. Ltd. | 15,400 | 388,160 | |
Subaru Corp. | 65,000 | 1,274,962 | |
Sugi Holdings Co. Ltd. | 3,900 | 279,245 | |
Sumco Corp. | 27,100 | 517,843 | |
Sumitomo Chemical Co. Ltd. | 171,400 | 844,370 | |
Sumitomo Corp. | 131,200 | 1,869,556 | |
Sumitomo Dainippon Pharma Co., Ltd. | 20,600 | 291,316 | |
Sumitomo Electric Industries Ltd. | 84,500 | 1,121,557 | |
Sumitomo Forestry Co. Ltd. | 19,800 | 378,199 | |
Sumitomo Heavy Industries Ltd. | 12,300 | 316,670 | |
Sumitomo Metal Mining Co. Ltd. | 29,000 | 1,124,977 | |
Sumitomo Mitsui Financial Group, Inc. | 144,600 | 4,692,220 | |
Sumitomo Mitsui Trust Holdings, Inc. | 39,600 | 1,302,597 | |
Sumitomo Realty & Development Co. Ltd. | 50,200 | 1,814,224 | |
Sundrug Co. Ltd. | 6,800 | 199,009 | |
Suntory Beverage & Food Ltd. | 13,300 | 516,072 | |
Suzuken Co. Ltd. | 7,800 | 217,136 | |
Suzuki Motor Corp. | 51,400 | 2,292,281 | |
Sysmex Corp. | 17,900 | 2,219,437 | |
T&D Holdings, Inc. | 61,500 | 788,778 | |
Taiheiyo Cement Corp. | 12,900 | 274,077 | |
Taisei Corp. | 21,300 | 668,376 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 6,000 | 321,967 | |
Taiyo Yuden Co. Ltd. | 13,700 | 694,405 | |
Takara Holdings, Inc. | 21,700 | 296,818 | |
Takeda Pharmaceutical Co. Ltd. | 166,884 | 4,683,738 | |
TDK Corp. | 40,800 | 1,483,202 | |
TechnoPro Holdings, Inc. | 11,600 | 370,727 | |
Teijin Ltd. | 21,500 | 288,589 | |
Terumo Corp. | 80,000 | 3,529,265 | |
THK Co. Ltd. | 13,600 | 292,449 | |
TIS, Inc. | 24,300 | 662,002 | |
Tobu Railway Co. Ltd. | 22,100 | 550,238 | |
Toda Corp. | 26,400 | 166,311 | |
Toho Co. Ltd. | 14,900 | 700,064 | |
Toho Gas Co. Ltd. | 10,900 | 322,885 | |
Tohoku Electric Power Co., Inc. | 54,500 | 353,603 | |
Tokai Carbon Co. Ltd. | 23,400 | 306,089 | |
Tokio Marine Holdings, Inc. | 73,400 | 3,865,981 | |
Tokyo Century Corp. | 5,000 | 286,279 | |
Tokyo Electric Power Co., Inc. (a) | 87,800 | 243,206 | |
Tokyo Electron Ltd. | 16,600 | 7,736,149 | |
Tokyo Gas Co. Ltd. | 43,000 | 746,176 | |
Tokyo Ohka Kogyo Co. Ltd. | 4,500 | 286,085 | |
Tokyo Seimitsu Co. Ltd. | 4,300 | 175,079 | |
Tokyo Tatemono Co. Ltd. | 21,800 | 320,425 | |
Tokyu Corp. | 59,400 | 837,434 | |
Tokyu Fudosan Holdings Corp. | 63,900 | 370,263 | |
Toppan, Inc. | 36,900 | 595,645 | |
Toray Industries, Inc. | 171,300 | 1,067,459 | |
Toshiba Corp. | 47,900 | 2,066,030 | |
Tosoh Corp. | 34,800 | 586,068 | |
Toto Ltd. | 16,900 | 816,512 | |
Toyo Suisan Kaisha Ltd. | 10,800 | 465,362 | |
Toyo Tire Corp. | 13,800 | 229,472 | |
Toyoda Gosei Co. Ltd. | 6,900 | 141,190 | |
Toyota Industries Corp. | 21,600 | 1,836,272 | |
Toyota Motor Corp. | 1,357,500 | 23,951,955 | |
Toyota Tsusho Corp. | 25,200 | 1,093,080 | |
Trend Micro, Inc. | 14,800 | 836,502 | |
Tsumura & Co. | 7,500 | 233,741 | |
Tsuruha Holdings, Inc. | 4,200 | 518,050 | |
Ube Industries Ltd. | 9,900 | 184,450 | |
Ulvac, Inc. | 5,100 | 286,136 | |
Unicharm Corp. | 47,100 | 1,904,857 | |
United Urban Investment Corp. | 320 | 398,899 | |
USS Co. Ltd. | 23,800 | 383,616 | |
Welcia Holdings Co. Ltd. | 10,900 | 406,912 | |
West Japan Railway Co. | 25,200 | 1,189,582 | |
Workman Co. Ltd. | 2,400 | 127,608 | |
Yakult Honsha Co. Ltd. | 17,000 | 858,980 | |
Yamada Holdings Co. Ltd. | 75,600 | 288,890 | |
Yamaha Corp. | 17,200 | 1,086,663 | |
Yamaha Motor Co. Ltd. | 33,200 | 925,411 | |
Yamato Holdings Co. Ltd. | 36,300 | 892,370 | |
Yamazaki Baking Co. Ltd. | 19,400 | 294,702 | |
Yaskawa Electric Corp. | 28,200 | 1,221,401 | |
Yokogawa Electric Corp. | 25,500 | 509,547 | |
Yokohama Rubber Co. Ltd. | 14,600 | 247,049 | |
Z Holdings Corp. | 272,000 | 1,688,582 | |
Zenkoku Hosho Co. Ltd. | 5,800 | 280,283 | |
Zensho Holdings Co. Ltd. | 8,900 | 205,560 | |
Zeon Corp. | 20,500 | 243,212 | |
ZOZO, Inc. | 11,800 | 378,763 | |
TOTAL JAPAN | 501,470,677 | ||
Korea (South) - 3.5% | |||
Alteogen, Inc. | 3,225 | 192,170 | |
AMOREPACIFIC Corp. | 3,122 | 483,329 | |
AMOREPACIFIC Group, Inc. | 3,556 | 150,577 | |
BGF Retail Co. Ltd. | 942 | 130,192 | |
Binex Co. Ltd. (a) | 2,406 | 34,044 | |
BNK Financial Group, Inc. | 31,643 | 237,335 | |
Bukwang Pharmaceutical Co. Ltd. | 5,114 | 56,967 | |
Cellivery Therapeutics, Inc. | 1,315 | 56,061 | |
Celltrion Healthcare Co. Ltd. | 9,321 | 644,800 | |
Celltrion Pharm, Inc. | 1,804 | 174,816 | |
Celltrion, Inc. (a) | 10,621 | 1,819,138 | |
CHA Biotech Co. Ltd. (a) | 6,023 | 100,352 | |
Cheil Worldwide, Inc. | 8,224 | 167,186 | |
Chong Kun Dang Pharmaceutical Corp. | 855 | 85,433 | |
Chunbo Co. Ltd. | 504 | 121,919 | |
CJ CheilJedang Corp. | 851 | 275,161 | |
CJ Corp. | 1,661 | 135,860 | |
CJ ENM Co. Ltd. | 1,117 | 168,082 | |
CJ Logistics Corp. (a) | 907 | 109,718 | |
Com2uS Corp. | 690 | 75,626 | |
Cosmax, Inc. (a) | 979 | 103,633 | |
Coway Co. Ltd. | 5,725 | 386,194 | |
CS Wind Corp. | 2,502 | 148,603 | |
Daewoo Engineering & Construction Co. Ltd. (a) | 20,906 | 111,355 | |
Daewoo Shipbuilding & Marine Engineering Co. Ltd. (a) | 3,821 | 84,433 | |
Daewoong Co. Ltd. | 1,791 | 48,280 | |
DB HiTek Co. Ltd. | 4,411 | 216,911 | |
Db Insurance Co. Ltd. | 4,919 | 248,701 | |
DGB Financial Group Co. Ltd. | 16,583 | 146,186 | |
DL E&C Co. Ltd. (a) | 1,593 | 183,489 | |
DL Holdings Co. Ltd. | 1,180 | 66,189 | |
Dong Suh Companies, Inc. | 4,774 | 140,240 | |
Dongjin Semichem Co. Ltd. | 4,032 | 120,749 | |
DongKook Pharmaceutical Co. Ltd. | 3,481 | 66,567 | |
Doosan Bobcat, Inc. (a) | 5,402 | 175,647 | |
Doosan Fuel Cell Co. Ltd. (a) | 4,301 | 192,084 | |
Doosan Heavy Industries & Construction Co. Ltd. (a) | 27,568 | 573,737 | |
Douzone Bizon Co. Ltd. | 2,116 | 146,952 | |
E-Mart, Inc. | 2,152 | 308,197 | |
Ecopro BM Co. Ltd. | 1,177 | 411,701 | |
Ecopro Co. Ltd. | 1,778 | 152,092 | |
Ecopro HN Co. Ltd. | 1,384 | 128,220 | |
EO Technics Co. Ltd. | 1,095 | 100,481 | |
F&F Co. Ltd. (a) | 371 | 275,623 | |
F&F Holdings Co. Ltd. | 439 | 14,634 | |
Fila Holdings Corp. | 4,685 | 148,503 | |
GemVax & Kael Co. Ltd. (a) | 3,562 | 56,601 | |
Genexine Co. Ltd. (a) | 2,374 | 132,799 | |
Green Cross Corp. | 557 | 130,373 | |
Green Cross Holdings Corp. | 3,715 | 92,775 | |
GS Engineering & Construction Corp. | 8,340 | 294,419 | |
GS Holdings Corp. | 9,734 | 350,705 | |
GS Retail Co. Ltd. | 3,686 | 101,244 | |
Hana Financial Group, Inc. | 31,540 | 1,209,944 | |
HanAll BioPharma Co. Ltd. (a) | 4,391 | 76,497 | |
Hanjin Kal Corp. (a) | 2,444 | 114,109 | |
Hankook Tire Co. Ltd. | 8,231 | 290,141 | |
Hanmi Pharm Co. Ltd. | 623 | 140,105 | |
Hanmi Science Co. Ltd. | 3,800 | 183,743 | |
Hanon Systems | 15,468 | 190,637 | |
Hansol Chemical Co. Ltd. | 1,027 | 288,343 | |
Hanssem Co. Ltd. | 1,259 | 109,061 | |
Hanwha Aerospace Co. Ltd. | 3,348 | 128,652 | |
Hanwha Corp. | 4,484 | 128,419 | |
Hanwha Life Insurance Co. Ltd. | 28,247 | 83,737 | |
Hanwha Solutions Corp. (a) | 12,595 | 439,603 | |
HDC Hyundai Development Co. | 4,365 | 95,231 | |
Helixmith Co., Ltd. (a) | 2,867 | 58,228 | |
Hite Jinro Co. Ltd. | 3,194 | 94,828 | |
HLB Life Science Co. Ltd. | 8,189 | 104,333 | |
HLB, Inc. | 10,318 | 369,687 | |
HMM Co. Ltd. (a) | 32,001 | 728,439 | |
Hotel Shilla Co. | 3,498 | 260,682 | |
HUGEL, Inc. (a) | 785 | 121,350 | |
HYBE Co. Ltd. (a) | 1,934 | 552,750 | |
Hyosung Corp. | 898 | 79,099 | |
Hyosung TNC Co. Ltd. | 236 | 120,710 | |
Hyundai Bioscience Co. Ltd. (a) | 3,288 | 66,047 | |
Hyundai Department Store Co. Ltd. | 1,691 | 119,453 | |
Hyundai Doosan Infracore Co. Lt (a) | 4,152 | 37,181 | |
Hyundai Elevator Co. Ltd. | 2,209 | 91,260 | |
Hyundai Engineering & Construction Co. Ltd. | 7,681 | 330,349 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 6,116 | 136,842 | |
Hyundai Glovis Co. Ltd. | 2,291 | 328,237 | |
Hyundai Heavy Industries Holdi | 5,659 | 305,228 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 2,235 | 144,608 | |
Hyundai Mobis | 7,036 | 1,513,170 | |
Hyundai Motor Co. | 14,377 | 2,558,226 | |
Hyundai Rotem Co. Ltd. (a) | 7,995 | 154,030 | |
Hyundai Steel Co. | 9,036 | 343,611 | |
Hyundai Wia Corp. | 1,612 | 115,815 | |
Il-Yang Pharmaceutical Co. Ltd. | 1,175 | 29,847 | |
Iljin Materials Co. Ltd. | 2,155 | 185,283 | |
Industrial Bank of Korea | 28,600 | 269,301 | |
IS Dongseo Co. Ltd. | 1,814 | 69,977 | |
JB Financial Group Co. Ltd. | 12,995 | 98,282 | |
JYP Entertainment Corp. | 2,728 | 122,064 | |
Kakao Corp. | 32,813 | 3,512,075 | |
Kakao Games Corp. (a) | 4,472 | 304,097 | |
Kangwon Land, Inc. (a) | 11,871 | 281,017 | |
KB Financial Group, Inc. | 41,135 | 1,980,889 | |
Kia Corp. | 28,203 | 2,047,491 | |
Kiwoom Securities Co. Ltd. | 1,589 | 142,517 | |
KMW Co. Ltd. (a) | 3,360 | 118,122 | |
Koh Young Technology, Inc. | 5,425 | 85,286 | |
Kolon Industries, Inc. | 1,827 | 139,077 | |
Korea Aerospace Industries Ltd. | 7,939 | 207,524 | |
Korea Electric Power Corp. | 27,007 | 520,581 | |
Korea Gas Corp. (a) | 2,871 | 108,509 | |
Korea Investment Holdings Co. Ltd. | 4,328 | 322,038 | |
Korea Petro Chemical Industries Co. Ltd. | 536 | 84,763 | |
Korea Shipbuilding & Offshore Engineering Co. Ltd. (a) | 4,493 | 395,212 | |
Korea Zinc Co. Ltd. | 1,286 | 589,066 | |
Korean Air Lines Co. Ltd. (a) | 18,333 | 475,536 | |
KT&G Corp. | 11,956 | 826,193 | |
Kumho Petro Chemical Co. Ltd. | 1,923 | 281,495 | |
L&F Co. Ltd. | 2,439 | 384,171 | |
Leeno Industrial, Inc. | 845 | 123,212 | |
LegoChem Biosciences, Inc. (a) | 2,215 | 85,060 | |
LG Chemical Ltd. | 4,931 | 3,520,129 | |
LG Corp. | 12,474 | 970,188 | |
LG Display Co. Ltd. (a) | 23,360 | 392,770 | |
LG Electronics, Inc. | 10,664 | 1,097,578 | |
LG Household & Health Care Ltd. | 892 | 888,215 | |
LG Innotek Co. Ltd. | 1,551 | 277,374 | |
LG Uplus Corp. | 22,382 | 274,047 | |
Lotte Chemical Corp. | 1,685 | 322,434 | |
Lotte Confectionery Co. Ltd. | 4,679 | 130,386 | |
Lotte Fine Chemical Co. Ltd. | 1,855 | 134,736 | |
Lotte Shopping Co. Ltd. | 1,134 | 101,541 | |
LS Corp. | 3,145 | 167,754 | |
LS Electric Co. Ltd. | 1,415 | 71,247 | |
LX Holdings Corp. (a) | 5,310 | 40,048 | |
LX International Corp. | 3,292 | 76,342 | |
Mando Corp. (a) | 3,202 | 170,990 | |
Mcnex Co. Ltd. | 1,864 | 68,990 | |
MedPacto, Inc. (a) | 1,771 | 85,367 | |
Meritz Fire & Marine Insurance Co. Ltd. | 6,044 | 142,928 | |
Meritz Securities Co. Ltd. | 33,033 | 131,319 | |
Mezzion Pharma Co. Ltd. (a) | 657 | 87,757 | |
Mirae Asset Securities Co. Ltd. | 29,893 | 221,875 | |
NAVER Corp. | 15,576 | 5,387,750 | |
NCSOFT Corp. | 1,701 | 909,276 | |
NEPES Corp. Ltd. (a) | 2,317 | 69,321 | |
Netmarble Corp. (b) | 2,736 | 288,240 | |
NH Investment & Securities Co. Ltd. | 14,626 | 164,350 | |
NHN Corp. (a) | 950 | 64,760 | |
NHN KCP Corp. | 1,579 | 77,078 | |
NongShim Co. Ltd. | 464 | 111,931 | |
Oci Co. Ltd. (a) | 2,067 | 227,836 | |
Orion Corp./Republic of Korea | 2,528 | 254,356 | |
Oscotec, Inc. (a) | 3,040 | 77,592 | |
Ottogi Corp. | 231 | 94,667 | |
Pan Ocean Co., Ltd. (Korea) | 26,134 | 134,535 | |
Paradise Co. Ltd. (a) | 4,130 | 61,273 | |
Pearl Abyss Corp. (a) | 4,118 | 364,786 | |
Pharmicell Co. Ltd. (a) | 6,877 | 73,289 | |
POSCO | 7,998 | 2,018,150 | |
POSCO Chemtech Co. Ltd. | 3,324 | 412,593 | |
Posco International Corp. | 4,636 | 85,936 | |
S-Oil Corp. | 4,389 | 382,059 | |
S1 Corp. | 1,857 | 131,718 | |
Sam Chun Dang Pharm Co. Ltd. (a) | 1,818 | 73,071 | |
Samsung Biologics Co. Ltd. (a)(b) | 1,729 | 1,281,483 | |
Samsung C&T Corp. | 9,405 | 916,156 | |
Samsung Electro-Mechanics Co. Ltd. | 6,075 | 823,094 | |
Samsung Electronics Co. Ltd. | 541,576 | 32,259,660 | |
Samsung Engineering Co. Ltd. (a) | 17,338 | 366,872 | |
Samsung Fire & Marine Insurance Co. Ltd. | 3,355 | 661,628 | |
Samsung Heavy Industries Co. Ltd. (a) | 74,930 | 407,380 | |
Samsung Heavy Industries Co. Ltd. rights 10/29/21(a) | 15,786 | 16,800 | |
Samsung Life Insurance Co. Ltd. | 9,952 | 572,735 | |
Samsung SDI Co. Ltd. | 5,616 | 3,525,132 | |
Samsung SDS Co. Ltd. | 4,167 | 544,917 | |
Samsung Securities Co. Ltd. | 6,739 | 272,560 | |
Seegene, Inc. | 4,457 | 202,873 | |
Seoul Semiconductor Co. Ltd. | 4,340 | 55,292 | |
Shin Poong Pharmaceutical Co. | 3,868 | 171,367 | |
Shinhan Financial Group Co. Ltd. | 54,832 | 1,780,922 | |
Shinsegae Co. Ltd. | 790 | 167,181 | |
SillaJen, Inc. (a)(c) | 4,518 | 46,543 | |
SK Biopharmaceuticals Co. Ltd. (a) | 3,031 | 244,155 | |
SK Chemicals Co. Ltd. | 1,309 | 201,213 | |
SK Hynix, Inc. | 56,711 | 4,973,489 | |
SK Innovation Co., Ltd. (a) | 5,427 | 1,126,001 | |
SK Materials Co., Ltd. | 430 | 140,045 | |
SK, Inc. | 3,600 | 747,424 | |
SKC Co. Ltd. | 2,043 | 312,485 | |
Solus Advanced Materials Co. Lt | 1,506 | 105,862 | |
Soulbrain Co. Ltd. | 487 | 108,759 | |
ST Pharm Co. Ltd. (a) | 1,103 | 82,254 | |
Studio Dragon Corp. (a) | 980 | 72,057 | |
Vaxcell-Bio Therapeutics Co. Ltd. | 1,087 | 59,586 | |
WONIK IPS Co. Ltd. | 3,547 | 122,474 | |
Woori Financial Group, Inc. | 58,423 | 660,758 | |
Yuhan Corp. | 5,397 | 275,459 | |
Zinus, Inc. | 1,024 | 68,231 | |
TOTAL KOREA (SOUTH) | 111,289,582 | ||
Kuwait - 0.2% | |||
Agility Public Warehousing Co. KSC | 139,331 | 462,203 | |
Boubyan Bank KSC | 96,084 | 249,254 | |
Gulf Bank | 210,668 | 171,917 | |
Kuwait Finance House KSCP | 510,029 | 1,407,677 | |
Mabanee Co. SAKC | 58,689 | 153,220 | |
Mobile Telecommunication Co. | 222,312 | 439,535 | |
National Bank of Kuwait | 760,014 | 2,495,982 | |
TOTAL KUWAIT | 5,379,788 | ||
Luxembourg - 0.4% | |||
ArcelorMittal SA (Netherlands) | 70,776 | 2,399,285 | |
Aroundtown SA | 102,102 | 709,360 | |
B&M European Value Retail SA | 88,032 | 762,855 | |
Eurofins Scientific SA | 13,483 | 1,588,872 | |
Globant SA (a) | 4,355 | 1,390,072 | |
InPost SA | 22,260 | 317,437 | |
Millicom International Cellular SA (depository receipt) (a) | 9,643 | 337,303 | |
SES SA (France) (depositary receipt) | 40,502 | 363,700 | |
Spotify Technology SA (a) | 14,459 | 4,184,435 | |
Subsea 7 SA | 23,098 | 207,141 | |
Tenaris SA | 47,539 | 529,408 | |
TOTAL LUXEMBOURG | 12,789,868 | ||
Malaysia - 0.5% | |||
AMMB Holdings Bhd (a) | 223,600 | 181,429 | |
Axiata Group Bhd | 507,228 | 483,833 | |
Bursa Malaysia Bhd | 59,200 | 107,363 | |
CIMB Group Holdings Bhd | 727,511 | 917,075 | |
Dialog Group Bhd | 429,600 | 293,593 | |
DiGi.com Bhd | 363,500 | 371,312 | |
Gamuda Bhd (a) | 282,200 | 220,799 | |
Genting Bhd | 218,200 | 272,948 | |
Genting Malaysia Bhd | 292,600 | 223,990 | |
Hartalega Holdings Bhd | 184,300 | 260,806 | |
Hong Leong Bank Bhd | 80,800 | 367,220 | |
IHH Healthcare Bhd | 331,200 | 523,074 | |
IJM Corp. Bhd | 329,000 | 146,981 | |
Inari Amertron Bhd | 313,200 | 292,703 | |
IOI Corp. Bhd | 339,300 | 322,011 | |
Kossan Rubber Industries Bhd | 122,100 | 69,586 | |
Kuala Lumpur Kepong Bhd | 61,620 | 321,716 | |
Malayan Banking Bhd | 727,822 | 1,414,868 | |
Malaysia Airports Holdings Bhd (a) | 122,700 | 192,006 | |
Malaysian Pacific Industries Bhd | 10,100 | 116,293 | |
Maxis Bhd | 259,800 | 292,989 | |
MISC Bhd | 137,200 | 234,244 | |
MR DIY Group M Sdn Bhd (b) | 155,000 | 141,113 | |
My E.G.Services Bhd | 423,518 | 106,365 | |
Nestle (Malaysia) Bhd | 6,800 | 220,865 | |
Pentamaster Corp. Bhd | 55,600 | 71,833 | |
Petronas Chemicals Group Bhd | 253,100 | 531,137 | |
Petronas Dagangan Bhd | 40,300 | 198,142 | |
Petronas Gas Bhd | 103,000 | 416,378 | |
PPB Group Bhd | 76,400 | 335,415 | |
Press Metal Bhd | 392,900 | 527,535 | |
Public Bank Bhd | 1,594,500 | 1,605,667 | |
QL Resources Bhd | 107,300 | 130,854 | |
RHB Bank Bhd | 211,555 | 285,070 | |
Scientex Bhd | 96,600 | 108,707 | |
Sime Darby Bhd | 274,300 | 150,365 | |
Sime Darby Plantation Bhd | 264,467 | 256,101 | |
Supermax Corp. Bhd | 159,800 | 74,092 | |
Telekom Malaysia Bhd | 173,000 | 241,891 | |
Tenaga Nasional Bhd | 297,000 | 692,833 | |
TIME dotCom Bhd | 124,400 | 135,786 | |
Top Glove Corp. Bhd | 486,800 | 319,753 | |
V.S. Industry Bhd | 271,600 | 103,629 | |
V.S. Industry Bhd warrants 6/14/24 (a) | 38,200 | 4,659 | |
Westports Holdings Bhd | 109,200 | 117,876 | |
TOTAL MALAYSIA | 14,402,905 | ||
Malta - 0.0% | |||
Kindred Group PLC (depositary receipt) | 24,109 | 336,875 | |
Marshall Islands - 0.0% | |||
Star Bulk Carriers Corp. | 7,262 | 150,251 | |
Mexico - 0.5% | |||
Alfa SA de CV Series A | 306,900 | 222,260 | |
America Movil S.A.B. de CV Series L | 2,450,600 | 2,184,210 | |
Arca Continental S.A.B. de CV | 43,500 | 265,230 | |
CEMEX S.A.B. de CV unit (a) | 1,616,400 | 1,039,496 | |
Coca-Cola FEMSA S.A.B. de CV unit | 57,450 | 309,602 | |
Controladora Vuela Compania de Aviacion S.A.B. de CV (a) | 85,615 | 155,735 | |
Fibra Uno Administracion SA de CV | 313,300 | 311,352 | |
Fomento Economico Mexicano S.A.B. de CV unit | 193,400 | 1,589,998 | |
Gruma S.A.B. de CV Series B | 20,540 | 241,186 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 35,500 | 447,509 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B | 21,010 | 423,700 | |
Grupo Aeroportuario Norte S.A.B. de CV (a) | 28,700 | 173,179 | |
Grupo Bimbo S.A.B. de CV Series A | 156,300 | 462,644 | |
Grupo Elektra SA de CV | 6,125 | 470,341 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 258,500 | 1,636,656 | |
Grupo Financiero Inbursa S.A.B. de CV Series O (a) | 211,400 | 212,242 | |
Grupo Mexico SA de CV Series B | 328,800 | 1,442,453 | |
Grupo Televisa SA de CV | 268,600 | 545,341 | |
Industrias Penoles SA de CV (a) | 11,990 | 153,742 | |
Kimberly-Clark de Mexico SA de CV Series A | 146,800 | 232,236 | |
Orbia Advance Corp. S.A.B. de CV | 110,300 | 286,679 | |
Promotora y Operadora de Infraestructura S.A.B. de CV | 20,355 | 149,687 | |
Wal-Mart de Mexico SA de CV Series V | 532,500 | 1,857,336 | |
TOTAL MEXICO | 14,812,814 | ||
Multi-National - 0.0% | |||
HKT Trust/HKT Ltd. unit | 384,000 | 521,180 | |
Netherlands - 3.9% | |||
Adyen BV (a)(b) | 3,209 | 9,682,549 | |
Airbus Group NV (a) | 64,622 | 8,289,842 | |
Akzo Nobel NV | 19,683 | 2,262,158 | |
ASM International NV (Netherlands) | 4,066 | 1,839,696 | |
ASML Holding NV (Netherlands) | 44,185 | 35,917,998 | |
CNH Industrial NV | 105,574 | 1,822,110 | |
Davide Campari Milano NV | 56,165 | 797,300 | |
Euronext NV (b) | 10,361 | 1,166,591 | |
EXOR NV | 12,001 | 1,130,662 | |
Ferrari NV | 13,479 | 3,194,253 | |
Heineken Holding NV | 10,493 | 972,819 | |
Heineken NV (Bearer) | 24,859 | 2,753,580 | |
IMCD NV | 5,955 | 1,322,068 | |
ING Groep NV (Certificaten Van Aandelen) | 410,927 | 6,233,313 | |
Just Eat Takeaway.com NV (a)(b) | 15,875 | 1,139,995 | |
Koninklijke Ahold Delhaize NV | 110,010 | 3,577,336 | |
Koninklijke DSM NV | 18,409 | 4,023,136 | |
Koninklijke KPN NV | 375,699 | 1,122,565 | |
Koninklijke Philips Electronics NV | 96,625 | 4,558,301 | |
NN Group NV | 33,345 | 1,785,489 | |
Prosus NV | 91,752 | 8,083,237 | |
Prosus NV rights (a)(e) | 91,752 | 14,849 | |
QIAGEN NV (Germany) (a) | 24,261 | 1,334,696 | |
Randstad NV | 13,198 | 948,978 | |
RHI Magnesita NV | 3,448 | 158,456 | |
Stellantis NV (Italy) | 234,258 | 4,671,339 | |
STMicroelectronics NV (Italy) | 68,921 | 3,271,069 | |
Unibail-Rodamco SE & WFD Unibail-Rodamco NV unit (a) | 12,314 | 879,864 | |
Universal Music Group NV | 85,207 | 2,473,810 | |
Wolters Kluwer NV | 28,180 | 2,952,696 | |
Yandex NV Series A (a)(d) | 33,835 | 2,802,891 | |
TOTAL NETHERLANDS | 121,183,646 | ||
New Zealand - 0.3% | |||
Auckland International Airport Ltd. (a) | 128,273 | 734,444 | |
Chorus Ltd. | 49,139 | 224,307 | |
Contact Energy Ltd. | 82,657 | 484,518 | |
Fisher & Paykel Healthcare Corp. | 61,066 | 1,365,746 | |
Fletcher Building Ltd. | 83,273 | 427,859 | |
Goodman Property Trust | 101,843 | 181,357 | |
Infratil Ltd. | 75,011 | 445,074 | |
Mercury Nz Ltd. | 67,253 | 295,667 | |
Meridian Energy Ltd. | 127,776 | 456,906 | |
Ryman Healthcare Group Ltd. | 44,122 | 456,878 | |
Spark New Zealand Ltd. | 196,134 | 641,609 | |
Summerset Group Holdings Ltd. | 24,543 | 255,195 | |
The a2 Milk Co. Ltd. (a)(d) | 79,684 | 375,157 | |
Xero Ltd. (a) | 13,605 | 1,530,139 | |
TOTAL NEW ZEALAND | 7,874,856 | ||
Norway - 0.6% | |||
Adevinta ASA Class B (a) | 29,101 | 478,994 | |
Aker ASA (A Shares) | 2,622 | 241,160 | |
Aker BP ASA | 11,317 | 433,904 | |
Borregaard ASA | 10,517 | 255,210 | |
DNB Bank ASA | 94,124 | 2,237,254 | |
Entra ASA (b) | 19,236 | 479,995 | |
Equinor ASA | 113,284 | 2,866,328 | |
Gjensidige Forsikring ASA | 20,270 | 504,117 | |
Kahoot! A/S (a) | 34,827 | 207,365 | |
Kongsberg Gruppen ASA | 9,391 | 307,924 | |
Leroy Seafood Group ASA | 29,575 | 268,867 | |
LINK Mobility Group Holding ASA | 33,370 | 106,653 | |
Mowi ASA | 46,811 | 1,355,363 | |
NEL ASA (a)(d) | 73,188 | 154,469 | |
Nordic VLSI ASA (a) | 18,963 | 561,175 | |
Norsk Hydro ASA | 143,541 | 1,054,376 | |
Orkla ASA | 78,479 | 763,247 | |
Pexip Holding ASA (a) | 9,475 | 44,661 | |
Salmar ASA | 6,102 | 464,445 | |
Scatec Solar AS (b) | 13,270 | 260,911 | |
Schibsted ASA: | |||
(A Shares) | 8,552 | 441,069 | |
(B Shares) | 9,846 | 444,520 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) | 19,587 | 300,022 | |
Sparebanken Midt-Norge | 14,197 | 236,283 | |
Storebrand ASA (A Shares) | 50,200 | 538,016 | |
Telenor ASA | 67,058 | 1,058,510 | |
TGS ASA | 13,843 | 127,354 | |
Tomra Systems ASA | 12,471 | 804,838 | |
Yara International ASA | 16,530 | 862,513 | |
TOTAL NORWAY | 17,859,543 | ||
Pakistan - 0.0% | |||
Habib Bank Ltd. | 90,719 | 66,833 | |
Hub Power Co. Ltd. | 124,473 | 55,241 | |
Lucky Cement Ltd. (a) | 15,550 | 70,171 | |
Pakistan Petroleum Ltd. | 52,631 | 23,314 | |
Pakistan State Oil Co. Ltd. | 43,209 | 48,018 | |
TRG Pakistan Ltd. | 46,000 | 32,132 | |
United Bank Ltd. | 33,487 | 27,382 | |
TOTAL PAKISTAN | 323,091 | ||
Papua New Guinea - 0.0% | |||
Oil Search Ltd. ADR | 195,418 | 630,644 | |
Peru - 0.0% | |||
Compania de Minas Buenaventura SA sponsored ADR (a) | 25,668 | 202,264 | |
Philippines - 0.2% | |||
Ayala Corp. | 26,160 | 446,963 | |
Ayala Land, Inc. | 619,800 | 430,706 | |
Bank of the Philippine Islands (BPI) | 188,800 | 325,008 | |
BDO Unibank, Inc. | 184,020 | 452,126 | |
Globe Telecom, Inc. | 3,285 | 194,850 | |
International Container Terminal Services, Inc. | 86,470 | 308,149 | |
JG Summit Holdings, Inc. | 318,435 | 379,525 | |
Jollibee Food Corp. | 46,490 | 216,481 | |
Manila Electric Co. | 30,840 | 175,234 | |
Megaworld Corp. | 1,247,000 | 75,793 | |
Metro Pacific Investments Corp. | 1,251,000 | 92,878 | |
Metropolitan Bank & Trust Co. | 185,314 | 175,005 | |
PLDT, Inc. | 9,070 | 294,851 | |
SM Investments Corp. | 50,860 | 971,687 | |
SM Prime Holdings, Inc. | 1,173,900 | 769,275 | |
Universal Robina Corp. | 93,730 | 256,083 | |
TOTAL PHILIPPINES | 5,564,614 | ||
Poland - 0.2% | |||
Allegro.eu SA (a)(b) | 40,926 | 462,843 | |
Bank Polska Kasa Opieki SA | 18,785 | 620,336 | |
CCC SA (a) | 3,665 | 110,695 | |
CD Projekt RED SA | 7,504 | 327,045 | |
Cyfrowy Polsat SA | 29,869 | 267,123 | |
Dino Polska SA (a)(b) | 5,122 | 457,554 | |
Grupa Lotos SA (a) | 8,274 | 128,538 | |
KGHM Polska Miedz SA (Bearer) | 14,539 | 559,017 | |
LPP SA | 112 | 402,281 | |
Orange Polska SA (a) | 63,141 | 123,207 | |
PGE Polska Grupa Energetyczna SA (a) | 80,841 | 198,736 | |
Polish Oil & Gas Co. SA | 169,005 | 254,843 | |
Polski Koncern Naftowy Orlen SA | 31,118 | 671,241 | |
Powszechna Kasa Oszczednosci Bank SA (a) | 90,227 | 1,103,625 | |
Powszechny Zaklad Ubezpieczen SA | 60,361 | 603,663 | |
Santander Bank Polska SA | 3,607 | 334,965 | |
TOTAL POLAND | 6,625,712 | ||
Portugal - 0.1% | |||
Banco Comercial Portugues SA (Reg.) (a) | 883,164 | 159,368 | |
Energias de Portugal SA | 307,653 | 1,736,979 | |
Galp Energia SGPS SA Class B | 45,988 | 477,721 | |
Jeronimo Martins SGPS SA | 26,305 | 596,008 | |
REN - Redes Energeticas Nacionais SGPS SA | 39,599 | 120,621 | |
TOTAL PORTUGAL | 3,090,697 | ||
Qatar - 0.2% | |||
Barwa Real Estate Co. | 198,891 | 172,070 | |
Industries Qatar QSC (a) | 208,545 | 908,411 | |
Masraf al Rayan | 386,150 | 506,418 | |
Mesaieed Petrochemical Holding Co. | 442,546 | 291,708 | |
Ooredoo QSC | 87,381 | 166,074 | |
Qatar Electricity & Water Co. | 56,830 | 262,220 | |
Qatar Fuel Co. | 51,335 | 259,283 | |
Qatar Gas Transport Co. Ltd. (Nakilat) | 284,857 | 254,267 | |
Qatar International Islamic Bank QSC | 77,954 | 209,604 | |
Qatar Islamic Bank (a) | 122,281 | 618,626 | |
Qatar National Bank SAQ (a) | 464,376 | 2,614,586 | |
The Commercial Bank of Qatar (a) | 209,590 | 351,715 | |
TOTAL QATAR | 6,614,982 | ||
Russia - 0.8% | |||
Alrosa Co. Ltd. | 260,720 | 459,384 | |
Gazprom OAO | 1,273,040 | 6,272,698 | |
Lukoil PJSC | 37,977 | 3,877,915 | |
Magnit OJSC | 7,941 | 724,348 | |
MMC Norilsk Nickel PJSC | 6,351 | 1,982,048 | |
Mobile TeleSystems OJSC sponsored ADR | 42,707 | 392,477 | |
Novatek PJSC | 102,587 | 2,602,242 | |
Polyus PJSC | 3,443 | 683,525 | |
Sberbank of Russia | 1,133,540 | 5,702,606 | |
Severstal PAO | 20,009 | 454,663 | |
Surgutneftegas OJSC | 1,002,400 | 482,272 | |
Tatneft PAO | 164,980 | 1,260,082 | |
TOTAL RUSSIA | 24,894,260 | ||
Saudi Arabia - 0.8% | |||
Abdullah Al Othaim Markets Co. | 4,578 | 141,335 | |
Advanced Polypropylene Co. | 11,115 | 220,469 | |
Al Rajhi Bank | 129,019 | 4,767,398 | |
Alinma Bank | 103,079 | 691,151 | |
Almarai Co. Ltd. | 27,442 | 387,022 | |
Bank Al-Jazira | 42,008 | 215,029 | |
Bank Albilad (a) | 38,757 | 436,041 | |
Banque Saudi Fransi | 62,230 | 700,956 | |
Bupa Arabia for Cooperative Insurance Co. (a) | 2,191 | 84,465 | |
Dar Al Arkan Real Estate Development Co. (a) | 55,952 | 147,529 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 8,856 | 391,459 | |
Emaar The Economic City (a) | 46,627 | 157,872 | |
Etihad Etisalat Co. | 39,493 | 318,500 | |
Jarir Marketing Co. | 6,216 | 336,081 | |
Mobile Telecommunications Co. Saudi Arabia (a) | 43,290 | 156,730 | |
Mouwasat Medical Services Co. | 5,114 | 245,140 | |
National Industrialization Co. (a) | 34,435 | 228,594 | |
National Petrochemical Co. | 11,661 | 149,536 | |
Qassim Cement Co. | 5,213 | 113,408 | |
Riyad Bank | 141,261 | 1,112,870 | |
Sabic Agriculture-Nutrients Co. | 20,717 | 905,806 | |
Sahara International Petrochemical Co. | 37,751 | 441,832 | |
Saudi Airlines Catering Co. | 3,919 | 99,258 | |
Saudi Arabian Mining Co. (a) | 42,775 | 930,561 | |
Saudi Basic Industries Corp. | 94,797 | 3,260,234 | |
Saudi Cement Co. | 7,713 | 121,733 | |
Saudi Dairy & Foodstuffs Co. | 1,599 | 69,913 | |
Saudi Electricity Co. | 83,452 | 634,083 | |
Saudi Ground Services Co. (a) | 10,121 | 100,646 | |
Saudi Industrial Investment Group | 23,155 | 233,655 | |
Saudi Kayan Petrochemical Co. (a) | 77,444 | 420,368 | |
Saudi Telecom Co. | 63,766 | 1,989,022 | |
Southern Province Cement Co. | 6,717 | 128,219 | |
The Co. for Cooperative Insurance | 6,497 | 148,962 | |
The Saudi British Bank | 39,135 | 345,870 | |
The Saudi National Bank | 231,201 | 4,061,997 | |
The Savola Group | 27,843 | 271,682 | |
United Electronics Co. | 2,931 | 110,023 | |
Yamama Cement Co. (a) | 10,392 | 76,744 | |
Yanbu Cement Co. | 8,032 | 82,014 | |
Yanbu National Petrochemical Co. | 28,421 | 576,618 | |
TOTAL SAUDI ARABIA | 26,010,825 | ||
Singapore - 0.7% | |||
Ascendas Real Estate Investment Trust | 356,897 | 817,806 | |
CapitaLand Investment Ltd. (a) | 257,673 | 657,319 | |
CapitaMall Trust | 527,338 | 840,769 | |
City Developments Ltd. | 51,300 | 278,469 | |
ComfortDelgro Corp. Ltd. | 202,300 | 234,029 | |
DBS Group Holdings Ltd. | 190,757 | 4,460,191 | |
Flex Ltd. (a) | 51,270 | 866,463 | |
Frasers Centrepoint Trust | 106,800 | 190,870 | |
Frasers Logistics & Industrial Trust | 299,200 | 337,252 | |
Genting Singapore Ltd. | 621,500 | 359,488 | |
Keppel Corp. Ltd. | 152,400 | 608,018 | |
Keppel DC (REIT) | 134,400 | 238,202 | |
Mapletree Commercial Trust | 229,718 | 371,365 | |
Mapletree Industrial (REIT) | 206,311 | 420,731 | |
Mapletree Logistics Trust (REIT) | 298,161 | 446,633 | |
Oversea-Chinese Banking Corp. Ltd. | 423,322 | 3,704,264 | |
Singapore Airlines Ltd. (a) | 137,750 | 531,183 | |
Singapore Exchange Ltd. | 88,800 | 637,437 | |
Singapore Technologies Engineering Ltd. | 160,800 | 456,703 | |
Singapore Telecommunications Ltd. | 745,300 | 1,381,720 | |
Suntec (REIT) | 229,200 | 253,250 | |
United Overseas Bank Ltd. | 162,100 | 3,215,554 | |
UOL Group Ltd. | 48,900 | 262,178 | |
Venture Corp. Ltd. | 29,100 | 405,911 | |
Wilmar International Ltd. | 332,200 | 1,064,222 | |
TOTAL SINGAPORE | 23,040,027 | ||
South Africa - 0.8% | |||
Absa Group Ltd. | 76,550 | 701,604 | |
Anglo American Platinum Ltd. | 6,572 | 664,041 | |
AngloGold Ashanti Ltd. | 43,898 | 809,863 | |
Aspen Pharmacare Holdings Ltd. | 39,782 | 633,517 | |
Bid Corp. Ltd. | 35,771 | 767,736 | |
Bidvest Group Ltd./The | 36,095 | 452,257 | |
Capitec Bank Holdings Ltd. | 10,167 | 1,136,028 | |
Clicks Group Ltd. | 26,043 | 475,406 | |
Discovery Ltd. (a) | 43,500 | 398,491 | |
Exxaro Resources Ltd. | 24,846 | 272,045 | |
FirstRand Ltd. | 591,957 | 2,248,080 | |
Foschini Group Ltd./The (a) | 33,287 | 282,640 | |
Gold Fields Ltd. | 93,269 | 866,677 | |
Growthpoint Properties Ltd. | 352,916 | 299,430 | |
Harmony Gold Mining Co. Ltd. | 60,699 | 217,854 | |
Impala Platinum Holdings Ltd. | 86,104 | 1,114,388 | |
Kumba Iron Ore Ltd. | 6,088 | 185,011 | |
Mr Price Group Ltd. | 27,308 | 357,480 | |
MTN Group Ltd. (a) | 178,989 | 1,605,101 | |
MultiChoice Group Ltd. | 47,193 | 375,289 | |
Naspers Ltd. Class N | 22,948 | 3,886,331 | |
Nedbank Group Ltd. | 42,627 | 485,320 | |
Northam Platinum Holdings Ltd. (a) | 36,131 | 541,078 | |
Old Mutual Ltd. | 499,673 | 509,977 | |
Remgro Ltd. | 55,786 | 491,684 | |
Sanlam Ltd. | 192,864 | 792,289 | |
Sasol Ltd. (a) | 60,080 | 1,009,102 | |
Shoprite Holdings Ltd. | 54,555 | 648,196 | |
Sibanye Stillwater Ltd. | 290,266 | 1,015,859 | |
Spar Group Ltd./The | 20,819 | 265,747 | |
Standard Bank Group Ltd. | 136,089 | 1,206,582 | |
Tiger Brands Ltd. | 17,569 | 221,605 | |
Vodacom Group Ltd. | 75,149 | 667,018 | |
Woolworths Holdings Ltd. | 110,894 | 391,378 | |
TOTAL SOUTH AFRICA | 25,995,104 | ||
Spain - 1.5% | |||
Acciona SA | 2,594 | 497,178 | |
ACS Actividades de Construccion y Servicios SA | 28,443 | 744,077 | |
Aena SME SA (a)(b) | 7,699 | 1,264,457 | |
Amadeus IT Holding SA Class A (a) | 47,428 | 3,171,180 | |
Banco Bilbao Vizcaya Argentaria SA | 702,663 | 4,917,328 | |
Banco Santander SA (Spain) | 1,827,053 | 6,920,208 | |
Bankinter SA | 68,102 | 374,893 | |
CaixaBank SA | 454,907 | 1,307,706 | |
Cellnex Telecom SA (b) | 60,150 | 3,697,786 | |
EDP Renovaveis SA | 25,585 | 712,788 | |
Enagas SA | 26,044 | 584,224 | |
Endesa SA | 33,749 | 778,131 | |
Ferrovial SA | 52,831 | 1,664,840 | |
Grifols SA | 29,382 | 672,349 | |
Grifols SA ADR | 29,842 | 391,229 | |
Iberdrola SA | 611,334 | 7,225,470 | |
Industria de Diseno Textil SA | 118,280 | 4,271,498 | |
International Consolidated Airlines Group SA CDI (a) | 261,418 | 585,483 | |
Linea Directa Aseguradora SA Compania de Seguros y Reaseguros | 72,348 | 145,524 | |
Naturgy Energy Group SA | 34,743 | 912,903 | |
Red Electrica Corporacion SA | 44,886 | 934,507 | |
Repsol SA | 147,718 | 1,892,052 | |
Siemens Gamesa Renewable Energy SA (a) | 23,189 | 628,076 | |
Telefonica SA | 564,264 | 2,450,973 | |
TOTAL SPAIN | 46,744,860 | ||
Sweden - 2.6% | |||
AAK AB | 17,920 | 391,661 | |
AddTech AB (B Shares) | 28,043 | 626,951 | |
AFRY AB (B Shares) | 9,383 | 279,480 | |
Alfa Laval AB | 31,354 | 1,342,439 | |
ASSA ABLOY AB (B Shares) | 104,470 | 3,065,428 | |
Atlas Copco AB: | |||
(A Shares) | 67,248 | 4,320,848 | |
(B Shares) | 42,145 | 2,279,501 | |
Avanza Bank Holding AB | 12,289 | 487,811 | |
Axfood AB | 10,411 | 255,183 | |
Beijer Ref AB (B Shares) | 26,405 | 542,366 | |
Billerud AB | 19,967 | 417,335 | |
Boliden AB | 28,855 | 1,017,720 | |
Bravida Holding AB (b) | 22,367 | 336,234 | |
Castellum AB | 23,932 | 636,478 | |
Dometic Group AB (b) | 34,211 | 497,350 | |
Electrolux AB (B Shares) | 26,835 | 609,006 | |
Elekta AB (B Shares) | 35,268 | 409,516 | |
Embracer Group AB (a) | 61,506 | 571,802 | |
Epiroc AB: | |||
(A Shares) | 66,454 | 1,653,612 | |
(B Shares) | 40,842 | 867,916 | |
EQT AB | 29,133 | 1,535,351 | |
Ericsson (B Shares) | 303,967 | 3,317,924 | |
Essity AB (B Shares) | 63,471 | 2,053,126 | |
Evolution AB (b) | 19,039 | 3,079,760 | |
Fabege AB | 29,148 | 492,814 | |
Fastighets AB Balder (a) | 11,072 | 802,166 | |
Getinge AB (B Shares) | 22,942 | 1,026,620 | |
H&M Hennes & Mauritz AB (B Shares) | 78,391 | 1,469,786 | |
Hexagon AB (B Shares) | 208,113 | 3,349,308 | |
HEXPOL AB (B Shares) | 26,615 | 310,839 | |
Holmen AB (B Shares) | 9,674 | 428,954 | |
Husqvarna AB (B Shares) | 43,982 | 625,571 | |
ICA Gruppen AB | 9,628 | 497,768 | |
Industrivarden AB: | |||
(A Shares) | 18,267 | 602,377 | |
(C Shares) | 19,312 | 627,168 | |
Indutrade AB | 28,463 | 828,238 | |
Investor AB: | |||
(A Shares) | 59,885 | 1,384,300 | |
(B Shares) | 192,654 | 4,439,477 | |
JM AB (B Shares) | 5,446 | 220,364 | |
Kinnevik AB (B Shares) (a) | 25,819 | 1,012,106 | |
L E Lundbergforetagen AB | 6,500 | 374,348 | |
Latour Investment AB (B Shares) | 14,436 | 523,112 | |
Lifco AB | 21,985 | 640,248 | |
Lundin Petroleum AB | 19,979 | 789,110 | |
Nibe Industrier AB (B Shares) | 148,444 | 2,209,894 | |
Nolato AB (B Shares) | 20,793 | 274,561 | |
Nordic Entertainment Group AB (B Shares) (a) | 8,230 | 476,090 | |
Peab AB | 21,745 | 272,699 | |
PowerCell Sweden AB (a) | 5,710 | 127,524 | |
Saab AB (B Shares) | 8,915 | 247,893 | |
Samhallsbyggnadsbolaget I Norden AB (B Shares) | 108,493 | 727,666 | |
Sandvik AB | 115,308 | 2,924,063 | |
Sectra AB (B Shares) | 14,757 | 360,162 | |
Securitas AB (B Shares) | 34,090 | 563,668 | |
Sinch AB (a)(b) | 59,461 | 1,127,530 | |
Skandinaviska Enskilda Banken AB (A Shares) | 168,606 | 2,635,696 | |
Skanska AB (B Shares) | 42,503 | 1,078,907 | |
SKF AB (B Shares) | 39,679 | 919,437 | |
SSAB Svenskt Stal AB (B Shares) (a) | 68,390 | 340,994 | |
Stillfront Group AB (a) | 31,623 | 141,103 | |
Svenska Cellulosa AB SCA (B Shares) | 62,398 | 972,880 | |
Svenska Handelsbanken AB (A Shares) | 161,447 | 1,850,560 | |
Sweco AB (B Shares) | 21,660 | 344,774 | |
Swedbank AB (A Shares) | 97,469 | 2,113,720 | |
Swedish Match Co. AB | 166,850 | 1,468,389 | |
Swedish Orphan Biovitrum AB (a) | 21,011 | 570,047 | |
Tele2 AB (B Shares) | 51,941 | 732,726 | |
Telia Co. AB | 261,187 | 1,027,808 | |
Thule Group AB (b) | 10,019 | 577,247 | |
Trelleborg AB (B Shares) | 25,797 | 589,204 | |
Volvo AB (B Shares) | 167,116 | 3,890,292 | |
Wallenstam AB (B Shares) | 22,614 | 396,035 | |
Wihlborgs Fastigheter AB | 13,371 | 316,370 | |
TOTAL SWEDEN | 80,317,411 | ||
Switzerland - 5.8% | |||
ABB Ltd. (Reg.) | 188,220 | 6,226,926 | |
Adecco SA (Reg.) | 17,253 | 868,115 | |
Alcon, Inc. (Switzerland) | 52,641 | 4,349,954 | |
ams AG (a) | 29,519 | 583,223 | |
Baloise Holdings AG | 5,131 | 818,180 | |
Compagnie Financiere Richemont SA Series A | 54,980 | 6,803,802 | |
Credit Suisse Group AG | 265,075 | 2,757,234 | |
CRISPR Therapeutics AG (a)(d) | 7,398 | 675,659 | |
Geberit AG (Reg.) | 3,779 | 2,950,228 | |
Givaudan SA | 835 | 3,929,680 | |
Holcim Ltd. | 54,396 | 2,715,641 | |
Julius Baer Group Ltd. | 23,499 | 1,699,732 | |
Kuehne & Nagel International AG | 5,333 | 1,679,231 | |
Lindt & Spruengli AG | 11 | 1,320,336 | |
Lindt & Spruengli AG (participation certificate) | 112 | 1,319,878 | |
Logitech International SA (Reg.) | 18,153 | 1,511,164 | |
Lonza Group AG | 7,845 | 6,431,255 | |
Nestle SA (Reg. S) | 296,530 | 39,114,450 | |
Novartis AG | 256,681 | 21,230,788 | |
Partners Group Holding AG | 2,392 | 4,173,460 | |
Roche Holding AG: | |||
(Bearer) | 2,671 | 1,146,465 | |
(participation certificate) | 74,243 | 28,761,307 | |
Schindler Holding AG (participation certificate) | 4,274 | 1,111,912 | |
SGS SA (Reg.) | 636 | 1,881,048 | |
Siemens Energy AG (a) | 42,460 | 1,218,259 | |
Sig Combibloc Group AG | 35,544 | 928,585 | |
Sika AG | 14,926 | 5,053,582 | |
Sonova Holding AG | 5,722 | 2,364,168 | |
Straumann Holding AG | 1,212 | 2,517,720 | |
Swatch Group AG (Bearer) | 3,095 | 849,131 | |
Swiss Life Holding AG | 3,316 | 1,820,251 | |
Swiss Prime Site AG | 7,828 | 795,111 | |
Swiss Re Ltd. | 30,396 | 2,942,662 | |
Swisscom AG | 2,670 | 1,453,395 | |
Temenos Group AG | 7,067 | 1,079,423 | |
UBS Group AG | 389,857 | 7,087,341 | |
VAT Group AG (b) | 2,827 | 1,349,896 | |
Zurich Insurance Group Ltd. | 15,839 | 7,020,174 | |
TOTAL SWITZERLAND | 180,539,366 | ||
Taiwan - 3.9% | |||
Accton Technology Corp. | 52,000 | 454,732 | |
Acer, Inc. | 331,000 | 309,068 | |
Advanced Ceramic X Corp. | 5,000 | 61,591 | |
Advanced Wireless Semiconductor Co. | 15,000 | 85,922 | |
Advantech Co. Ltd. | 46,696 | 608,750 | |
AP Memory Technology Corp. | 6,000 | 115,927 | |
ASE Technology Holding Co. Ltd. | 360,000 | 1,286,039 | |
Asia Cement Corp. | 241,000 | 383,419 | |
ASMedia Technology, Inc. | 3,000 | 175,076 | |
ASPEED Tech, Inc. | 3,000 | 298,438 | |
ASUSTeK Computer, Inc. | 75,000 | 950,799 | |
AU Optronics Corp. | 940,000 | 645,143 | |
Capital Securities Corp. | 214,000 | 116,434 | |
Catcher Technology Co. Ltd. | 78,000 | 450,997 | |
Cathay Financial Holding Co. Ltd. | 901,716 | 1,881,476 | |
Chang Hwa Commercial Bank | 615,393 | 362,451 | |
Cheng Loong Corp. | 111,000 | 135,536 | |
Cheng Shin Rubber Industry Co. Ltd. | 208,000 | 254,724 | |
Chicony Electronics Co. Ltd. | 66,000 | 188,199 | |
China Airlines Ltd. (a) | 287,000 | 177,281 | |
China Development Finance Holding Corp. | 1,547,000 | 788,917 | |
China Life Insurance Co. Ltd. | 272,107 | 283,394 | |
China Petrochemical Development Corp. (a) | 328,300 | 142,662 | |
China Steel Corp. | 1,315,000 | 1,586,784 | |
Chipbond Technology Corp. | 70,000 | 161,645 | |
Chroma ATE, Inc. | 44,000 | 286,012 | |
Chunghwa Telecom Co. Ltd. | 399,000 | 1,581,258 | |
Compal Electronics, Inc. | 429,000 | 376,694 | |
Compeq Manufacturing Co. Ltd. | 128,000 | 185,484 | |
CTBC Financial Holding Co. Ltd. | 2,066,000 | 1,721,358 | |
Delta Electronics, Inc. | 202,000 | 1,777,339 | |
E Ink Holdings, Inc. | 95,000 | 313,539 | |
E.SUN Financial Holdings Co. Ltd. | 1,401,608 | 1,336,423 | |
ECLAT Textile Co. Ltd. | 22,000 | 479,583 | |
Elan Microelectronics Corp. | 28,000 | 167,930 | |
Elite Material Co. Ltd. | 29,000 | 250,476 | |
eMemory Technology, Inc. | 6,000 | 495,601 | |
ENNOSTAR, Inc. (a) | 71,500 | 187,448 | |
Eternal Materials Co. Ltd. | 98,000 | 129,517 | |
EVA Airways Corp. | 253,619 | 171,690 | |
Evergreen Marine Corp. (Taiwan) | 278,643 | 995,690 | |
Far Eastern New Century Corp. | 387,000 | 404,442 | |
Far EasTone Telecommunications Co. Ltd. | 159,000 | 349,463 | |
Feng Hsin Iron & Steel Co. | 56,000 | 157,472 | |
Feng Tay Enterprise Co. Ltd. | 55,480 | 430,371 | |
First Financial Holding Co. Ltd. | 1,083,703 | 891,248 | |
FLEXium Interconnect, Inc. | 33,000 | 113,891 | |
Formosa Chemicals & Fibre Corp. | 425,000 | 1,228,677 | |
Formosa Petrochemical Corp. | 179,000 | 642,844 | |
Formosa Plastics Corp. | 452,000 | 1,745,017 | |
Formosa Taffeta Co. Ltd. | 90,000 | 96,965 | |
Foxconn Technology Co. Ltd. | 115,000 | 284,144 | |
Fubon Financial Holding Co. Ltd. | 826,314 | 2,184,116 | |
Genius Electronic Optical Co. Ltd. | 11,000 | 168,881 | |
Giant Manufacturing Co. Ltd. | 35,000 | 405,369 | |
Gigabyte Technology Co. Ltd. | 53,000 | 214,132 | |
Global Unichip Corp. | 9,000 | 193,284 | |
GlobalWafers Co. Ltd. | 22,000 | 600,467 | |
Great Wall Enterprise Co. Ltd. | 70,740 | 136,424 | |
HannStar Display Corp. | 250,000 | 126,594 | |
Highwealth Construction Corp. | 99,200 | 160,138 | |
HIWIN Technologies Corp. | 29,210 | 324,148 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 1,314,800 | 5,052,383 | |
Hota Industrial Manufacturing Co. Ltd. | 23,000 | 77,396 | |
Hotai Motor Co. Ltd. | 37,000 | 813,216 | |
Hua Nan Financial Holdings Co. Ltd. | 1,033,878 | 755,590 | |
IBF Financial Holdings Co. Ltd. | 263,070 | 150,218 | |
Innolux Corp. | 1,081,000 | 648,328 | |
International Games Systems Co. Ltd. | 6,000 | 153,852 | |
Inventec Corp. | 332,000 | 316,560 | |
ITEQ Corp. | 23,000 | 106,141 | |
King Yuan Electronics Co. Ltd. | 112,000 | 159,885 | |
King's Town Bank | 98,000 | 146,059 | |
Kinsus Interconnect Technology Corp. | 26,000 | 227,833 | |
Largan Precision Co. Ltd. | 10,000 | 743,401 | |
Lien Hwa Industrial Corp. | 98,874 | 198,139 | |
Lite-On Technology Corp. | 231,000 | 508,540 | |
Lotes Co. Ltd. | 7,135 | 148,107 | |
Macronix International Co. Ltd. | 206,340 | 290,484 | |
Makalot Industrial Co. Ltd. | 22,459 | 195,594 | |
MediaTek, Inc. | 167,000 | 5,475,705 | |
Mega Financial Holding Co. Ltd. | 1,127,000 | 1,351,833 | |
Merida Industry Co. Ltd. | 21,000 | 217,957 | |
Merry Electronics Co. Ltd. | 26,406 | 77,952 | |
Micro-Star International Co. Ltd. | 72,000 | 362,004 | |
MiTAC Holdings Corp. | 82,000 | 84,665 | |
momo.com, Inc. | 6,200 | 398,563 | |
Nan Ya Plastics Corp. | 588,000 | 1,797,048 | |
Nan Ya Printed Circuit Board Corp. | 23,000 | 405,154 | |
Nanya Technology Corp. | 122,000 | 291,363 | |
Nien Made Enterprise Co. Ltd. | 19,000 | 260,657 | |
Novatek Microelectronics Corp. | 60,000 | 895,313 | |
Oneness Biotech Co. Ltd. (a) | 26,000 | 244,640 | |
Pegatron Corp. | 220,000 | 537,260 | |
Phison Electronics Corp. | 17,000 | 238,409 | |
PixArt Imaging, Inc. | 15,000 | 84,845 | |
Pou Chen Corp. | 253,000 | 309,833 | |
Powertech Technology, Inc. | 79,000 | 276,337 | |
Poya International Co. Ltd. | 7,150 | 127,619 | |
President Chain Store Corp. | 59,000 | 595,403 | |
Primax Electronics Ltd. | 46,000 | 85,078 | |
Qisda Corp. | 180,000 | 200,395 | |
Quanta Computer, Inc. | 295,000 | 826,360 | |
Radiant Opto-Electronics Corp. | 48,000 | 167,729 | |
Realtek Semiconductor Corp. | 50,000 | 896,032 | |
RichWave Technology Corp. | 7,000 | 72,401 | |
Ruentex Development Co. Ltd. | 150,080 | 382,139 | |
Ruentex Industries Ltd. | 57,580 | 224,365 | |
Shin Kong Financial Holding Co. Ltd. | 1,437,432 | 506,418 | |
Simplo Technology Co. Ltd. | 19,000 | 204,022 | |
SINBON Electronics Co. Ltd. | 21,000 | 173,460 | |
Sino-American Silicon Products, Inc. | 57,000 | 387,915 | |
Sinopac Holdings Co. | 1,178,180 | 598,716 | |
Standard Foods Corp. | 38,000 | 70,691 | |
Synnex Technology International Corp. | 145,000 | 280,158 | |
Ta Chen Stainless Pipe Co. Ltd. | 200,633 | 318,116 | |
Taichung Commercial Bank Co. Ltd. | 315,694 | 135,484 | |
Taishin Financial Holdings Co. Ltd. | 1,138,526 | 746,206 | |
Taiwan Business Bank | 598,165 | 203,219 | |
Taiwan Cement Corp. | 535,859 | 928,540 | |
Taiwan Cooperative Financial Holding Co. Ltd. | 1,021,556 | 829,131 | |
Taiwan Fertilizer Co. Ltd. | 75,000 | 182,887 | |
Taiwan High Speed Rail Corp. | 216,000 | 225,347 | |
Taiwan Mobile Co. Ltd. | 172,000 | 605,969 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,994,000 | 42,257,829 | |
Taiwan Surface Mounting Technology Co. Ltd. | 26,000 | 104,579 | |
Taiwan Union Technology Corp. | 25,000 | 85,743 | |
TECO Electric & Machinery Co. Ltd. | 129,000 | 139,679 | |
The Shanghai Commercial & Savings Bank Ltd. | 448,000 | 707,919 | |
Tong Hsing Electronics Industries Ltd. | 18,000 | 170,659 | |
Tripod Technology Corp. | 47,000 | 198,330 | |
Tung Ho Steel Enterprise Corp. | 90,000 | 130,580 | |
TXC Corp. | 27,000 | 99,389 | |
Uni-President Enterprises Corp. | 503,000 | 1,203,081 | |
Unimicron Technology Corp. | 137,000 | 934,818 | |
United Integrated Services Co. | 19,000 | 125,211 | |
United Microelectronics Corp. | 1,216,000 | 2,521,077 | |
United Renewable Energy Co. Ltd. (a) | 172,004 | 147,635 | |
Vanguard International Semiconductor Corp. | 98,000 | 508,565 | |
Voltronic Power Technology Corp. | 7,250 | 423,101 | |
Walsin Lihwa Corp. | 251,000 | 233,918 | |
Walsin Technology Corp. | 39,000 | 211,492 | |
Wan Hai Lines Ltd. | 14,500 | 83,318 | |
Win Semiconductors Corp. | 40,000 | 513,557 | |
Winbond Electronics Corp. | 306,000 | 289,021 | |
Wistron Corp. | 312,000 | 327,183 | |
Wiwynn Corp. | 9,000 | 287,341 | |
WPG Holding Co. Ltd. | 154,040 | 287,114 | |
XinTec, Inc. | 16,000 | 77,572 | |
Yageo Corp. | 42,000 | 654,624 | |
Yang Ming Marine Transport Corp. (a) | 177,000 | 613,414 | |
YFY, Inc. | 140,000 | 160,891 | |
Yuanta Financial Holding Co. Ltd. | 1,288,160 | 1,142,667 | |
TOTAL TAIWAN | 121,834,904 | ||
Thailand - 0.5% | |||
Advanced Info Service PCL (For. Reg.) | 34,600 | 197,089 | |
Advanced Information Service PCL NVDR | 84,000 | 478,481 | |
Airports of Thailand PCL: | |||
(depositary receipt) | 103,800 | 201,781 | |
(For. Reg.) | 351,900 | 684,073 | |
Asset World Corp. PCL NVDR (a) | 943,300 | 129,640 | |
B. Grimm Power PCL: | |||
unit | 80,200 | 102,728 | |
(For. Reg.) | 30,800 | 39,451 | |
Bangkok Bank PCL: | |||
(For. Reg.) | 11,400 | 42,089 | |
NVDR | 51,900 | 191,614 | |
Bangkok Chain Hospital PCL unit | 155,500 | 95,137 | |
Bangkok Commercial Asset Management PCL | 98,700 | 56,519 | |
Bangkok Commercial Asset Management PCL unit | 143,300 | 82,058 | |
Bangkok Dusit Medical Services PCL: | |||
unit | 262,600 | 185,989 | |
(For. Reg.) | 172,600 | 122,245 | |
Bangkok Expressway and Metro PCL | 573,400 | 155,533 | |
Bangkok Expressway and Metro PCL NVDR | 249,400 | 67,649 | |
Banpu PCL NVDR | 315,500 | 108,400 | |
BCPG PCL NVDR | 101,000 | 39,876 | |
Berli Jucker PCL: | |||
unit | 63,700 | 64,794 | |
(For. Reg) | 39,000 | 39,670 | |
BTS Group Holdings PCL: | |||
unit | 595,500 | 171,399 | |
warrants 11/7/24 (a) | 57,780 | 578 | |
warrants 11/7/24 (a) | 10,370 | 104 | |
warrants 11/20/26 (a) | 115,560 | 562 | |
warrants 11/20/26 (a) | 20,740 | 101 | |
(For. Reg.) | 313,800 | 90,319 | |
Bumrungrad Hospital PCL: | |||
NVDR | 17,400 | 76,302 | |
(For. Reg.) | 26,700 | 117,084 | |
Carabao Group PCL | 16,700 | 62,411 | |
Carabao Group PCL NVDR | 26,600 | 99,409 | |
Central Pattana PCL: | |||
unit | 60,100 | 107,321 | |
(For. Reg.) | 91,900 | 164,107 | |
Central Retail Corp. PCL | 237,408 | 248,642 | |
Central Retail Corp. PCL NVDR | 60,500 | 63,363 | |
Charoen Pokphand Foods PCL: | |||
(For. Reg.) | 251,200 | 191,163 | |
(NVDR) | 124,800 | 94,973 | |
Com7 PCL unit | 41,800 | 90,390 | |
CP ALL PCL: | |||
unit | 231,000 | 445,570 | |
(For. Reg.) | 239,400 | 461,772 | |
Delta Electronics PCL: | |||
(For. Reg.) | 36,700 | 460,133 | |
NVDR | 3,600 | 45,136 | |
Electricity Generating PCL NVDR | 27,700 | 149,019 | |
Energy Absolute PCL: | |||
unit | 35,400 | 69,882 | |
(For. Reg.) | 163,700 | 323,157 | |
Global Power Synergy Public Co. Ltd. | 44,294 | 104,127 | |
Global Power Synergy Public Co. Ltd. unit | 36,800 | 86,510 | |
Gulf Energy Development PCL: | |||
unit | 219,700 | 286,378 | |
(For. Reg.) | 398,000 | 518,791 | |
Hana Microelectronics PCL NVDR | 70,400 | 169,741 | |
Home Product Center PCL: | |||
unit | 299,300 | 131,699 | |
(For. Reg.) | 164,700 | 72,472 | |
Indorama Ventures PCL: | |||
unit | 225,600 | 285,570 | |
(For. Reg.) | 178,000 | 225,316 | |
Intouch Holdings PCL: | |||
(For. Reg.) | 45,100 | 102,284 | |
NVDR | 59,900 | 135,849 | |
IRPC PCL: | |||
(For. Reg.) | 672,700 | 87,179 | |
NVDR | 474,800 | 61,532 | |
JMT Network Services PCL unit | 57,600 | 84,629 | |
Kasikornbank PCL: | |||
NVDR | 51,800 | 220,127 | |
(For. Reg.) | 72,300 | 307,242 | |
KCE Electronics PCL NVDR | 61,100 | 160,208 | |
Kerry Express Thailand PCL NVDR | 46,790 | 53,587 | |
Kiatnakin Bank PCL (For. Reg.) | 51,800 | 93,671 | |
Krung Thai Bank PCL: | |||
(For. Reg.) | 210,200 | 72,854 | |
NVDR | 189,700 | 65,749 | |
Krungthai Card PCL: | |||
(For. Reg.) | 62,400 | 108,608 | |
NVDR | 15,400 | 26,804 | |
Land & House PCL: | |||
NVDR | 248,400 | 63,260 | |
(For. Reg.) | 205,900 | 52,437 | |
Minor International PCL: | |||
unit (a) | 52,448 | 51,768 | |
warrants 2/15/24 (a) | 10,300 | 1,254 | |
warrants 2/15/24 (a) | 1,584 | 193 | |
(For. Reg.) (a) | 233,456 | 230,431 | |
MK Restaurants Group PCL unit | 36,000 | 59,403 | |
Muangthai Leasing PCL | 29,100 | 53,061 | |
Muangthai Leasing PCL unit | 52,900 | 96,457 | |
Osotspa PCL | 72,200 | 71,264 | |
Osotspa PCL unit | 94,600 | 93,374 | |
PTT Exploration and Production PCL: | |||
(For. Reg.) | 110,900 | 392,729 | |
NVDR | 47,600 | 168,565 | |
PTT Global Chemical PCL: | |||
(For. Reg.) | 63,600 | 120,280 | |
NVDR | 152,300 | 288,030 | |
PTT PCL: | |||
(For. Reg.) | 454,800 | 520,868 | |
NVDR | 452,400 | 518,119 | |
Ratchaburi Electric Generating Holding PCL unit | 43,900 | 60,200 | |
SCG Packaging PCL NVDR | 132,000 | 255,606 | |
Siam Cement PCL: | |||
(For. Reg.) | 7,000 | 83,333 | |
NVDR | 25,400 | 302,381 | |
Siam Commercial Bank PCL: | |||
(For. Reg.) | 11,600 | 44,051 | |
(NVDR) | 153,900 | 584,430 | |
Siam Global House PCL unit | 175,345 | 107,807 | |
Sri Trang Agro-Industry PCL NVDR | 89,000 | 87,176 | |
Sri Trang Gloves Thailand PCL NVDR | 136,100 | 125,107 | |
Srisawad Corp. PCL: | |||
unit | 47,300 | 91,236 | |
warrants 8/29/25 (a) | 2,460 | 830 | |
(For. Reg.) | 26,600 | 51,308 | |
Star Petroleum Refining PCL unit (a) | 236,700 | 74,905 | |
Thai Beverage PCL | 900,100 | 473,913 | |
Thai Oil PCL: | |||
(For. Reg.) | 71,500 | 120,136 | |
NVDR | 9,800 | 16,466 | |
Thai Union Frozen Products PCL: | |||
(For. Reg.) | 86,400 | 54,423 | |
NVDR | 139,900 | 88,123 | |
Thanachart Capital PCL: | |||
(For. Reg.) | 28,000 | 29,747 | |
NVDR | 25,100 | 26,666 | |
TISCO Financial Group PCL | 8,600 | 23,910 | |
TISCO Financial Group PCL NVDR | 38,300 | 106,485 | |
TMBThanachart Bank PCL: | |||
unit | 2,497,100 | 87,301 | |
(For. Reg.) | 2,626,425 | 91,822 | |
TOA Paint Thailand PCL NVDR | 68,700 | 68,327 | |
Total Access Communication PCL: | |||
(For. Reg.) | 43,200 | 49,801 | |
NVDR | 43,200 | 49,801 | |
True Corp. PCL: | |||
unit | 824,100 | 100,839 | |
(For. Reg.) | 923,800 | 113,039 | |
TTW PCL unit | 204,600 | 72,146 | |
VGI PCL | 148,200 | 29,703 | |
VGI PCL unit | 387,800 | 77,724 | |
WHA Corp. PCL | 369,000 | 37,590 | |
WHA Corp. PCL unit | 475,500 | 48,439 | |
TOTAL THAILAND | 16,494,904 | ||
Turkey - 0.1% | |||
AG Anadolu Grubu Holding A/S | 6,729 | 19,220 | |
Akbank TAS | 344,409 | 209,927 | |
Aksa Akrilik Kimya Sanayii | 12,254 | 29,877 | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S | 27,409 | 63,291 | |
Arcelik A/S | 22,023 | 77,152 | |
Aselsan A/S | 60,631 | 103,616 | |
Bera Holding A/S (a) | 27,212 | 27,229 | |
Bim Birlesik Magazalar A/S JSC | 49,079 | 317,273 | |
Coca-Cola Icecek Sanayi A/S | 6,801 | 60,200 | |
Dogan Sirketler Grubu Holding A/S | 75,022 | 20,757 | |
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 173,683 | 35,589 | |
Enerjisa Enerji A/S (b) | 38,015 | 46,501 | |
Enka Insaat ve Sanayi A/S | 168,344 | 192,613 | |
Eregli Demir ve Celik Fabrikalari T.A.S. | 149,130 | 305,426 | |
Ford Otomotiv Sanayi A/S | 8,189 | 158,090 | |
Haci Omer Sabanci Holding A/S | 153,178 | 177,173 | |
Hektas Ticaret A/S (a) | 31,135 | 28,693 | |
Is Yatirim Menkul Degerler A/S | 10,546 | 17,551 | |
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S Class D (a) | 61,395 | 47,640 | |
Koc Holding A/S | 118,092 | 289,641 | |
KOZA, Inc. (a) | 11,835 | 20,743 | |
Koza Altin Isletmeleri A/S (a) | 5,167 | 57,668 | |
Logo Yazilim Sanayi Ve Ticar | 5,820 | 25,728 | |
Migros Turk Ticaret A/S (a) | 6,506 | 23,821 | |
MLP Saglik Hizmetleri A/S (a)(b) | 6,537 | 18,440 | |
Nuh Cimento Sanayi A/S | 4,829 | 21,890 | |
Otokar Otomotiv ve Savunma Sanayi A.S. | 562 | 19,700 | |
Oyak Cimento Fabrikalari A/S (a) | 44,738 | 32,016 | |
Pegasus Hava Tasimaciligi A/S (a) | 2,534 | 20,994 | |
Petkim Petrokimya Holding A/S | 147,466 | 100,162 | |
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A/S | 20,490 | 39,386 | |
Sok Marketler Ticaret A/S | 43,806 | 50,577 | |
TAV Havalimanlari Holding A/S (a) | 23,832 | 65,889 | |
Tekfen Holding A/S | 14,772 | 23,247 | |
Tofas Turk Otomobil Fabrikasi A/S | 14,762 | 90,286 | |
Turk Hava Yollari AO (a) | 79,438 | 123,693 | |
Turk Sise ve Cam Fabrikalari A/S | 161,647 | 145,607 | |
Turk Traktor ve Ziraat Makinalari A/S | 1,037 | 17,787 | |
Turkcell Iletisim Hizmet A/S | 134,388 | 213,729 | |
Turkiye Garanti Bankasi A/S | 232,995 | 238,714 | |
Turkiye Halk Bankasi A/S (a) | 46,792 | 21,561 | |
Turkiye Is Bankasi A/S Series C | 192,723 | 112,859 | |
Turkiye Petrol Rafinerileri A/S (a) | 13,284 | 193,167 | |
Turkiye Sinai Kalkinma Bankasi A/S | 50,147 | 6,729 | |
Turkiye Vakiflar Bankasi TAO (a) | 75,722 | 27,094 | |
Ulker Biskuvi Sanayi A/S | 11,675 | 24,506 | |
Yapi ve Kredi Bankasi A/S | 225,793 | 64,116 | |
TOTAL TURKEY | 4,027,568 | ||
United Arab Emirates - 0.2% | |||
Abu Dhabi Commercial Bank PJSC | 296,346 | 669,636 | |
Abu Dhabi National Oil Co. for Distribution PJSC | 301,271 | 351,045 | |
Aldar Properties PJSC (a) | 405,342 | 445,825 | |
Dubai Islamic Bank Pakistan Ltd. (a) | 185,863 | 258,568 | |
Emaar Properties PJSC (a) | 369,846 | 403,763 | |
Emirates NBD Bank PJSC | 260,090 | 987,778 | |
Emirates Telecommunications Corp. | 182,905 | 1,274,755 | |
First Abu Dhabi Bank PJSC | 458,970 | 2,226,657 | |
TOTAL UNITED ARAB EMIRATES | 6,618,027 | ||
United Kingdom - 8.6% | |||
3i Group PLC | 103,121 | 1,924,962 | |
Abrdn PLC | 231,395 | 804,356 | |
Admiral Group PLC | 28,517 | 1,120,073 | |
Anglo American PLC (United Kingdom) | 143,619 | 5,463,698 | |
Antofagasta PLC | 36,177 | 705,766 | |
Ashtead Group PLC | 47,354 | 3,968,739 | |
Associated British Foods PLC | 37,646 | 921,185 | |
AstraZeneca PLC (United Kingdom) | 163,209 | 20,417,665 | |
Atlassian Corp. PLC (a) | 14,248 | 6,527,436 | |
Auto Trader Group PLC (b) | 102,350 | 848,526 | |
Avast PLC (b) | 68,407 | 523,889 | |
Aveva Group PLC | 13,040 | 634,957 | |
Aviva PLC | 415,148 | 2,242,491 | |
BAE Systems PLC | 339,004 | 2,556,145 | |
Barclays PLC | 1,677,220 | 4,628,247 | |
Barratt Developments PLC | 107,814 | 978,249 | |
Bellway PLC | 13,268 | 601,572 | |
Berkeley Group Holdings PLC | 11,653 | 694,523 | |
BHP Group PLC | 222,540 | 5,877,628 | |
BP PLC | 2,138,745 | 10,246,517 | |
British American Tobacco PLC (United Kingdom) | 240,755 | 8,374,519 | |
British Land Co. PLC | 99,595 | 673,735 | |
BT Group PLC (a) | 929,624 | 1,767,137 | |
Bunzl PLC | 35,144 | 1,299,563 | |
Burberry Group PLC | 43,095 | 1,137,679 | |
Centrica PLC (a) | 616,580 | 508,993 | |
Compass Group PLC (a) | 187,975 | 3,988,948 | |
ConvaTec Group PLC (b) | 162,411 | 475,208 | |
Croda International PLC | 15,125 | 1,957,742 | |
Dechra Pharmaceuticals PLC | 11,501 | 805,872 | |
Derwent London PLC | 11,532 | 533,751 | |
Diageo PLC | 245,518 | 12,214,935 | |
Diploma PLC | 12,800 | 526,224 | |
Direct Line Insurance Group PLC | 145,373 | 581,730 | |
DS Smith PLC | 147,998 | 776,549 | |
Electrocomponents PLC | 50,199 | 772,873 | |
Evraz PLC | 52,301 | 444,920 | |
Games Workshop Group PLC | 3,545 | 467,928 | |
Genus PLC | 7,038 | 532,642 | |
GlaxoSmithKline PLC | 528,455 | 10,971,164 | |
Halma PLC | 40,043 | 1,623,201 | |
Hargreaves Lansdown PLC | 37,353 | 785,706 | |
Hikma Pharmaceuticals PLC | 19,119 | 629,799 | |
HomeServe PLC | 31,107 | 363,986 | |
Howden Joinery Group PLC | 62,667 | 788,847 | |
HSBC Holdings PLC (United Kingdom) | 2,185,159 | 13,165,955 | |
IG Group Holdings PLC | 45,379 | 492,791 | |
IMI PLC | 29,893 | 668,470 | |
Imperial Brands PLC | 100,149 | 2,113,448 | |
Informa PLC (a) | 157,736 | 1,121,227 | |
InterContinental Hotel Group PLC (a) | 19,716 | 1,381,048 | |
Intermediate Capital Group PLC | 31,193 | 935,320 | |
Intertek Group PLC | 16,897 | 1,131,939 | |
ITV PLC (a) | 387,597 | 571,025 | |
J Sainsbury PLC | 184,097 | 754,326 | |
JD Sports Fashion PLC | 51,773 | 770,891 | |
Johnson Matthey PLC | 21,050 | 787,322 | |
Kingfisher PLC | 220,202 | 1,010,637 | |
Land Securities Group PLC | 79,579 | 748,197 | |
Legal & General Group PLC | 629,768 | 2,489,940 | |
Lloyds Banking Group PLC | 7,471,043 | 5,113,037 | |
London Stock Exchange Group PLC | 34,120 | 3,321,368 | |
M&G PLC | 270,725 | 740,260 | |
Meggitt PLC (a) | 82,822 | 850,095 | |
Melrose Industries PLC | 465,004 | 1,004,210 | |
Mondi PLC | 50,706 | 1,266,435 | |
National Grid PLC | 408,446 | 5,229,563 | |
NatWest Group PLC | 557,025 | 1,685,482 | |
Network International Holdings PLC (a)(b) | 31,979 | 141,448 | |
Next PLC | 13,988 | 1,524,953 | |
Ocado Group PLC (a) | 68,054 | 1,679,229 | |
Pearson PLC | 78,765 | 648,127 | |
Pennon Group PLC | 30,031 | 479,213 | |
Persimmon PLC | 33,273 | 1,239,028 | |
Phoenix Group Holdings PLC | 89,825 | 807,158 | |
Prudential PLC (a) | 275,585 | 5,636,534 | |
Quilter PLC (b) | 177,258 | 377,465 | |
Reckitt Benckiser Group PLC | 77,610 | 6,300,596 | |
RELX PLC (London Stock Exchange) | 208,710 | 6,466,665 | |
Rentokil Initial PLC | 196,796 | 1,584,709 | |
Rightmove PLC | 93,295 | 882,772 | |
Rio Tinto PLC | 112,517 | 7,015,599 | |
Rolls-Royce Holdings PLC (a) | 880,659 | 1,589,449 | |
Rotork PLC | 93,993 | 455,622 | |
Royal Dutch Shell PLC: | |||
Class A (United Kingdom) | 417,384 | 9,561,800 | |
Class B (United Kingdom) | 404,353 | 9,279,383 | |
Royal Mail PLC | 83,752 | 481,972 | |
Sage Group PLC | 117,187 | 1,139,955 | |
Schroders PLC | 12,777 | 632,992 | |
Segro PLC | 127,257 | 2,250,987 | |
Severn Trent PLC | 26,559 | 995,190 | |
Smith & Nephew PLC | 93,140 | 1,608,535 | |
Smiths Group PLC | 41,988 | 778,907 | |
Spectris PLC | 12,848 | 661,829 | |
Spirax-Sarco Engineering PLC | 7,838 | 1,673,901 | |
SSE PLC | 110,532 | 2,489,135 | |
St. James's Place Capital PLC | 56,682 | 1,225,252 | |
Standard Chartered PLC (United Kingdom) | 270,974 | 1,835,294 | |
Tate & Lyle PLC | 49,870 | 442,394 | |
Taylor Wimpey PLC | 381,707 | 807,346 | |
Tesco PLC | 813,271 | 3,002,813 | |
The Weir Group PLC | 27,443 | 651,616 | |
Travis Perkins PLC | 23,693 | 500,319 | |
Tritax Big Box REIT PLC | 185,448 | 571,038 | |
Unilever PLC | 276,961 | 14,829,012 | |
Unite Group PLC | 42,500 | 633,108 | |
United Utilities Group PLC | 71,595 | 1,017,536 | |
Vodafone Group PLC | 2,821,943 | 4,159,128 | |
Whitbread PLC (a) | 21,461 | 960,414 | |
Wickes Group PLC | 22,475 | 65,946 | |
TOTAL UNITED KINGDOM | 271,127,630 | ||
United States of America - 0.2% | |||
Coca-Cola European Partners PLC | 21,341 | 1,123,604 | |
Farfetch Ltd. Class A (a) | 32,887 | 1,289,499 | |
Fiverr International Ltd. (a)(d) | 3,281 | 558,918 | |
Jackson Financial, Inc. (a) | 6,641 | 179,772 | |
Kolon TissueGene, Inc. unit (a)(c) | 911 | 6,213 | |
Li Auto, Inc. ADR (a) | 28,593 | 932,990 | |
Stratasys Ltd. (a) | 7,106 | 224,123 | |
Tilray, Inc. Class 2 (a)(d) | 17,452 | 179,756 | |
Yum China Holdings, Inc. | 44,287 | 2,527,902 | |
TOTAL UNITED STATES OF AMERICA | 7,022,777 | ||
TOTAL COMMON STOCKS | |||
(Cost $2,543,901,770) | 2,989,450,379 | ||
Nonconvertible Preferred Stocks - 0.9% | |||
Brazil - 0.3% | |||
Alpargatas SA (PN) | 19,900 | 136,209 | |
Azul SA (a) | 31,100 | 137,045 | |
Banco Bradesco SA (PN) | 501,354 | 1,767,771 | |
Banco Inter SA (b) | 19,409 | 42,059 | |
Bradespar SA (PN) | 27,510 | 237,187 | |
Centrais Eletricas Brasileiras SA (Electrobras) (PN-B) | 23,729 | 142,278 | |
Companhia Energetica de Minas Gerais (CEMIG) (PN) | 118,734 | 270,969 | |
Gerdau SA | 120,000 | 571,955 | |
Itau Unibanco Holding SA | 508,450 | 2,099,998 | |
Itausa-Investimentos Itau SA (PN) | 469,800 | 853,228 | |
Lojas Americanas SA (PN) | 87,690 | 75,046 | |
Metalurgica Gerdau SA (PN) | 72,100 | 159,816 | |
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) | 512,600 | 2,474,990 | |
TOTAL BRAZIL | 8,968,551 | ||
Chile - 0.0% | |||
Sociedad Quimica y Minera de Chile SA (PN-B) (a) | 15,118 | 821,037 | |
Colombia - 0.0% | |||
Bancolombia SA (PN) | 47,075 | 422,530 | |
Grupo Aval Acciones y Valores SA | 483,108 | 147,534 | |
TOTAL COLOMBIA | 570,064 | ||
Germany - 0.3% | |||
Henkel AG & Co. KGaA | 18,113 | 1,620,231 | |
Porsche Automobil Holding SE (Germany) | 16,130 | 1,678,754 | |
Sartorius AG (non-vtg.) | 2,606 | 1,688,225 | |
Volkswagen AG | 19,332 | 4,331,449 | |
TOTAL GERMANY | 9,318,659 | ||
Korea (South) - 0.2% | |||
Hyundai Motor Co. | 3,323 | 276,646 | |
Hyundai Motor Co. Series 2 | 4,633 | 387,253 | |
LG Chemical Ltd. | 920 | 300,651 | |
LG Electronics, Inc. | 2,911 | 159,391 | |
LG Household & Health Care Ltd. | 216 | 110,330 | |
Samsung Electronics Co. Ltd. | 85,946 | 4,697,333 | |
Samsung SDI Co. Ltd. | 573 | 184,790 | |
TOTAL KOREA (SOUTH) | 6,116,394 | ||
Russia - 0.1% | |||
AK Transneft OAO | 168 | 360,419 | |
Sberbank of Russia (Russia) | 109,390 | 495,111 | |
Surgutneftegas OJSC | 755,200 | 411,378 | |
TOTAL RUSSIA | 1,266,908 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $27,974,049) | 27,061,613 | ||
Money Market Funds - 3.7% | |||
Fidelity Cash Central Fund 0.06% (f) | 107,431,934 | 107,453,421 | |
Fidelity Securities Lending Cash Central Fund 0.06% (f)(g) | 7,583,395 | 7,584,153 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $115,037,384) | 115,037,574 | ||
TOTAL INVESTMENT IN SECURITIES - 99.8% | |||
(Cost $2,686,913,203) | 3,131,549,566 | ||
NET OTHER ASSETS (LIABILITIES) - 0.2% | 7,546,640 | ||
NET ASSETS - 100% | $3,139,096,206 |
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) | 652 | Dec. 2021 | $76,270,960 | $513,976 | $513,976 |
ICE MSCI Emerging Markets Index Contracts (United States) | 556 | Dec. 2021 | 35,083,600 | (259,324) | (259,324) |
TME S&P/TSX 60 Index Contracts (Canada) | 43 | Dec. 2021 | 8,759,131 | 219,517 | 219,517 |
TOTAL FUTURES CONTRACTS | $474,169 |
The notional amount of futures purchased as a percentage of Net Assets is 3.8%
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $82,729,981 or 2.6% of net assets.
(c) Level 3 security
(d) Security or a portion of the security is on loan at period end.
(e) Security or a portion of the security 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, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(g) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
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% | $29,217,784 | $840,583,716 | $762,347,643 | $50,302 | $(436) | $-- | $107,453,421 | 0.2% |
Fidelity Securities Lending Cash Central Fund 0.06% | 2,773,617 | 70,454,036 | 65,643,500 | 253,144 | -- | -- | 7,584,153 | 0.0% |
Total | $31,991,401 | $911,037,752 | $827,991,143 | $303,446 | $(436) | $-- | $115,037,574 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $199,791,883 | $91,430,831 | $108,361,052 | $-- |
Consumer Discretionary | 386,240,018 | 204,920,914 | 181,319,104 | -- |
Consumer Staples | 241,010,121 | 95,135,236 | 145,874,885 | -- |
Energy | 142,606,979 | 79,414,774 | 63,192,195 | 10 |
Financials | 570,427,727 | 385,528,110 | 184,899,617 | -- |
Health Care | 277,740,153 | 91,586,154 | 186,101,243 | 52,756 |
Industrials | 396,142,600 | 201,998,617 | 194,143,983 | -- |
Information Technology | 392,214,660 | 127,705,196 | 264,111,708 | 397,756 |
Materials | 238,454,826 | 139,097,569 | 99,357,257 | -- |
Real Estate | 83,302,347 | 58,506,108 | 24,796,239 | -- |
Utilities | 88,580,678 | 57,778,791 | 30,801,887 | -- |
Money Market Funds | 115,037,574 | 115,037,574 | -- | -- |
Total Investments in Securities: | $3,131,549,566 | $1,648,139,874 | $1,482,959,170 | $450,522 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $733,493 | $733,493 | $-- | $-- |
Total Assets | $733,493 | $733,493 | $-- | $-- |
Liabilities | ||||
Futures Contracts | $(259,324) | $(259,324) | $-- | $-- |
Total Liabilities | $(259,324) | $(259,324) | $-- | $-- |
Total Derivative Instruments: | $474,169 | $474,169 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $733,493 | $(259,324) |
Total Equity Risk | 733,493 | (259,324) |
Total Value of Derivatives | $733,493 | $(259,324) |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® International Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $7,058,243) — See accompanying schedule: Unaffiliated issuers (cost $2,571,875,819) | $3,016,511,992 | |
Fidelity Central Funds (cost $115,037,384) | 115,037,574 | |
Total Investment in Securities (cost $2,686,913,203) | $3,131,549,566 | |
Segregated cash with brokers for derivative instruments | 6,212,206 | |
Foreign currency held at value (cost $1,577,124) | 1,572,775 | |
Receivable for investments sold | 1,201,234 | |
Receivable for fund shares sold | 4,382,439 | |
Dividends receivable | 5,476,096 | |
Reclaims receivable | 2,754,842 | |
Interest receivable | 1,069 | |
Distributions receivable from Fidelity Central Funds | 8,404 | |
Other receivables | 68,476 | |
Total assets | 3,153,227,107 | |
Liabilities | ||
Payable for investments purchased on a delayed delivery basis | $14,849 | |
Payable for fund shares redeemed | 2,189,109 | |
Payable for daily variation margin on futures contracts | 976,711 | |
Other payables and accrued expenses | 3,365,982 | |
Collateral on securities loaned | 7,584,250 | |
Total liabilities | 14,130,901 | |
Net Assets | $3,139,096,206 | |
Net Assets consist of: | ||
Paid in capital | $2,655,493,521 | |
Total accumulated earnings (loss) | 483,602,685 | |
Net Assets | $3,139,096,206 | |
Net Asset Value, offering price and redemption price per share ($3,139,096,206 ÷ 253,112,636 shares) | $12.40 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2021 | ||
Investment Income | ||
Dividends | $67,948,736 | |
Non-Cash dividends | 5,797,943 | |
Interest | 2,729 | |
Income from Fidelity Central Funds (including $253,144 from security lending) | 303,446 | |
Income before foreign taxes withheld | 74,052,854 | |
Less foreign taxes withheld | (8,758,424) | |
Total income | 65,294,430 | |
Expenses | ||
Independent trustees' fees and expenses | $9,384 | |
Total expenses | 9,384 | |
Net investment income (loss) | 65,285,046 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers (net of foreign taxes of $537,016) | (6,161,923) | |
Fidelity Central Funds | (436) | |
Foreign currency transactions | (169,099) | |
Futures contracts | 14,013,424 | |
Total net realized gain (loss) | 7,681,966 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers (net of increase in deferred foreign taxes of $3,217,074) | 462,754,726 | |
Fidelity Central Funds | 1 | |
Assets and liabilities in foreign currencies | (132,670) | |
Futures contracts | 1,287,886 | |
Total change in net unrealized appreciation (depreciation) | 463,909,943 | |
Net gain (loss) | 471,591,909 | |
Net increase (decrease) in net assets resulting from operations | $536,876,955 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2021 | Year ended October 31, 2020 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $65,285,046 | $35,248,900 |
Net realized gain (loss) | 7,681,966 | (16,721,752) |
Change in net unrealized appreciation (depreciation) | 463,909,943 | (68,510,767) |
Net increase (decrease) in net assets resulting from operations | 536,876,955 | (49,983,619) |
Distributions to shareholders | (32,771,369) | (32,813,228) |
Share transactions | ||
Proceeds from sales of shares | 1,320,104,853 | 883,998,983 |
Reinvestment of distributions | 30,440,745 | 30,381,153 |
Cost of shares redeemed | (366,571,959) | (441,068,830) |
Net increase (decrease) in net assets resulting from share transactions | 983,973,639 | 473,311,306 |
Total increase (decrease) in net assets | 1,488,079,225 | 390,514,459 |
Net Assets | ||
Beginning of period | 1,651,016,981 | 1,260,502,522 |
End of period | $3,139,096,206 | $1,651,016,981 |
Other Information | ||
Shares | ||
Sold | 110,254,438 | 92,059,244 |
Issued in reinvestment of distributions | 2,735,017 | 2,961,126 |
Redeemed | (30,579,373) | (48,663,965) |
Net increase (decrease) | 82,410,082 | 46,356,405 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO International Index Fund
Years ended October 31, | 2021 | 2020 | 2019 | 2018 A |
Selected Per–Share Data | ||||
Net asset value, beginning of period | $9.67 | $10.14 | $9.13 | $10.00 |
Income from Investment Operations | ||||
Net investment income (loss)B | .30 | .23 | .32 | .06 |
Net realized and unrealized gain (loss) | 2.62 | (.45) | .75 | (.93) |
Total from investment operations | 2.92 | (.22) | 1.07 | (.87) |
Distributions from net investment income | (.19) | (.25) | (.06) | – |
Total distributions | (.19) | (.25) | (.06) | – |
Net asset value, end of period | $12.40 | $9.67 | $10.14 | $9.13 |
Total ReturnC,D | 30.39% | (2.34)% | 11.79% | (8.70)% |
Ratios to Average Net AssetsE,F | ||||
Expenses before reductionsG | -% | -% | -% | - %H |
Expenses net of fee waivers, if anyG | -% | -% | -% | - %H |
Expenses net of all reductionsG | -% | -% | -% | - %H |
Net investment income (loss) | 2.50% | 2.39% | 3.34% | 2.42%H |
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $3,139,096 | $1,651,017 | $1,260,503 | $393,972 |
Portfolio turnover rateI | 8% | 8% | 4% | - %J,K |
A For the period August 2, 2018 (commencement of operations) through October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount represents less than .005%.
H Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Amount represents less than 1%.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® Large Cap Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2021 | Past 1 year | Life of fundA |
Fidelity ZERO® Large Cap Index Fund | 42.81% | 18.53% |
A From September 13, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO® Large Cap Index Fund on September 13, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Large Cap Index℠ and S&P 500 Index performed over the same period.
Period Ending Values | ||
$17,039 | Fidelity ZERO® Large Cap Index Fund | |
$17,029 | Fidelity U.S. Large Cap Index℠ | |
$16,766 | S&P 500 Index |
Fidelity ZERO® Large Cap Index Fund
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 42.91% for the 12 months ending October 31, 2021, with U.S. equities rising on the prospect of a surge in economic growth amid strong corporate earnings, widespread COVID-19 vaccination, fiscal stimulus and fresh spending programs. After the index closed 2020 at an all-time high, investors were hopeful as the new year began. The rollout of three COVID-19 vaccines was underway, the U.S. Federal Reserve pledged to hold interest rates near zero until the economy recovered, and the federal government planned to deploy trillions of dollars to boost consumers and the economy. A flattish May reflected concerns about inflation and jobs, but the rally resumed through August amid strong earnings. In early September, sentiment turned broadly negative due to a host of factors. These included inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. In addition, the Fed signaled it could soon begin to taper the bond purchases it has made since the onset of the pandemic. The index returned -4.65% in September, its first monthly decline since January, but sharply reversed course with a 7.01% gain in October, driven by strength in earnings and notable improvement in the economy. By sector, energy gained 111% to lead by a wide margin, followed by financials (+72%), whereas the defensive utilities (+11%) and consumer staples (+19%) groups notably lagged.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2021, the fund gained 42.81%, roughly in line with the 42.77% advance of the benchmark Fidelity U.S. Large Cap Index. By sector, information technology gained roughly 46% and contributed most, followed by financials, which gained 73%, and consumer discretionary, which advanced 42%. The health care sector rose 33%, communication services gained 39%, driven by the media & entertainment industry (+46%), and industrials advanced roughly 37%. Other notable contributors included the energy (+107%), consumer staples (+20%), real estate (+43%), materials (+35%), and utilities (+11%) sectors. Turning to individual stocks, the top contributor was Microsoft (+65%), from the software & services industry. In media & entertainment, Alphabet (+83%) was helpful, and Apple (+39%) from the technology hardware & equipment category also contributed. Tesla, within the automobiles & components group, rose about 188% and Nvidia, within the semiconductors & semiconductor equipment segment, gained about 105% and boosted the fund. Conversely, the biggest individual detractor was Zoom Video Communications (-34%), from the software & services industry. In media & entertainment, Pinterest (-48%) and Zillow (-43%) hurt. Uber Technologies, within the transportation segment, returned -25% and hindered the fund. Another detractor was Teladoc Health (-49%), a stock in the health care equipment & services category.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO® Large Cap Index Fund
Investment Summary (Unaudited)
Top Ten Stocks as of October 31, 2021
% of fund's net assets | |
Microsoft Corp. | 6.1 |
Apple, Inc. | 5.8 |
Amazon.com, Inc. | 3.6 |
Tesla, Inc. | 2.2 |
Alphabet, Inc. Class A | 2.2 |
Alphabet, Inc. Class C | 2.1 |
Meta Platforms, Inc. Class A | 1.9 |
NVIDIA Corp. | 1.6 |
Berkshire Hathaway, Inc. Class B | 1.3 |
JPMorgan Chase & Co. | 1.3 |
28.1 |
Top Market Sectors as of October 31, 2021
% of fund's net assets | |
Information Technology | 29.4 |
Health Care | 13.2 |
Consumer Discretionary | 12.5 |
Financials | 11.1 |
Communication Services | 10.8 |
Industrials | 7.7 |
Consumer Staples | 5.4 |
Energy | 2.6 |
Real Estate | 2.5 |
Materials | 2.3 |
Asset Allocation (% of fund's net assets)
As of October 31, 2021* | ||
Stocks and Equity Futures | 100.0% |
* Foreign investments - 3.4%
Fidelity ZERO® Large Cap Index Fund
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 99.7% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 10.8% | |||
Diversified Telecommunication Services - 1.0% | |||
AT&T, Inc. | 897,838 | $22,679,388 | |
Verizon Communications, Inc. | 520,609 | 27,587,071 | |
50,266,459 | |||
Entertainment - 1.9% | |||
Activision Blizzard, Inc. | 97,796 | 7,646,669 | |
Electronic Arts, Inc. | 35,786 | 5,018,987 | |
Netflix, Inc. (a) | 55,656 | 38,419,893 | |
Roku, Inc. Class A (a) | 14,638 | 4,463,126 | |
Take-Two Interactive Software, Inc. (a) | 14,652 | 2,652,012 | |
The Walt Disney Co. (a) | 228,500 | 38,632,495 | |
96,833,182 | |||
Interactive Media & Services - 6.6% | |||
Alphabet, Inc.: | |||
Class A (a) | 37,860 | 112,100,431 | |
Class C (a) | 35,430 | 105,064,476 | |
IAC (a) | 10,459 | 1,593,638 | |
Match Group, Inc. (a) | 34,809 | 5,248,501 | |
Meta Platforms, Inc. Class A (a) | 299,760 | 96,993,343 | |
Pinterest, Inc. Class A (a) | 69,813 | 3,116,452 | |
Snap, Inc. Class A (a) | 131,711 | 6,925,364 | |
Twitter, Inc. (a) | 100,347 | 5,372,578 | |
Vimeo, Inc. (a) | 19,510 | 658,072 | |
Zillow Group, Inc.: | |||
Class A (a)(b) | 5,005 | 529,129 | |
Class C (a)(b) | 20,907 | 2,166,592 | |
339,768,576 | |||
Media - 1.1% | |||
Charter Communications, Inc. Class A (a) | 15,949 | 10,763,821 | |
Comcast Corp. Class A | 575,962 | 29,621,726 | |
Discovery Communications, Inc.: | |||
Class A (a) | 20,854 | 488,818 | |
Class C (non-vtg.) (a) | 38,468 | 867,838 | |
Fox Corp.: | |||
Class A | 41,015 | 1,629,936 | |
Class B | 18,271 | 675,296 | |
Liberty Broadband Corp.: | |||
Class A (a) | 3,079 | 495,011 | |
Class C (a) | 18,270 | 2,967,962 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 1,356 | 41,453 | |
Liberty Braves Class C (a) | 4,976 | 147,887 | |
Liberty Formula One Group Series C (a) | 25,331 | 1,413,470 | |
Liberty Media Class A (a) | 3,149 | 164,220 | |
Liberty SiriusXM Series A (a) | 10,017 | 498,646 | |
Liberty SiriusXM Series C (a) | 19,929 | 982,898 | |
Omnicom Group, Inc. | 26,973 | 1,836,322 | |
ViacomCBS, Inc.: | |||
Class A (b) | 3,481 | 135,515 | |
Class B | 73,686 | 2,668,907 | |
55,399,726 | |||
Wireless Telecommunication Services - 0.2% | |||
T-Mobile U.S., Inc. (a) | 73,756 | 8,484,153 | |
TOTAL COMMUNICATION SERVICES | 550,752,096 | ||
CONSUMER DISCRETIONARY - 12.5% | |||
Auto Components - 0.1% | |||
Aptiv PLC (a) | 34,015 | 5,880,853 | |
Automobiles - 2.6% | |||
Ford Motor Co. | 493,427 | 8,427,733 | |
General Motors Co. (a) | 182,552 | 9,936,305 | |
Tesla, Inc. (a) | 102,036 | 113,668,104 | |
132,032,142 | |||
Distributors - 0.1% | |||
Genuine Parts Co. | 18,008 | 2,361,029 | |
Pool Corp. | 5,042 | 2,597,437 | |
4,958,466 | |||
Diversified Consumer Services - 0.0% | |||
Chegg, Inc. (a) | 17,893 | 1,063,560 | |
Hotels, Restaurants & Leisure - 2.0% | |||
Airbnb, Inc. Class A | 42,321 | 7,222,502 | |
Booking Holdings, Inc. (a) | 5,163 | 12,498,487 | |
Caesars Entertainment, Inc. (a) | 26,838 | 2,937,687 | |
Carnival Corp. (a) | 100,417 | 2,225,241 | |
Chipotle Mexican Grill, Inc. (a) | 3,533 | 6,285,313 | |
Darden Restaurants, Inc. | 16,387 | 2,362,022 | |
Domino's Pizza, Inc. | 4,635 | 2,266,376 | |
DraftKings, Inc. Class A (a)(b) | 41,620 | 1,939,076 | |
Expedia, Inc. (a) | 18,270 | 3,003,771 | |
Hilton Worldwide Holdings, Inc. (a) | 35,043 | 5,044,440 | |
Las Vegas Sands Corp. (a) | 43,306 | 1,680,706 | |
Marriott International, Inc. Class A (a) | 34,398 | 5,504,368 | |
McDonald's Corp. | 93,908 | 23,059,109 | |
MGM Resorts International | 50,294 | 2,371,865 | |
Penn National Gaming, Inc. (a) | 19,664 | 1,407,942 | |
Royal Caribbean Cruises Ltd. (a) | 28,184 | 2,379,575 | |
Starbucks Corp. | 148,268 | 15,726,787 | |
Yum! Brands, Inc. | 37,177 | 4,644,894 | |
102,560,161 | |||
Household Durables - 0.3% | |||
D.R. Horton, Inc. | 40,986 | 3,658,820 | |
Garmin Ltd. | 19,105 | 2,743,478 | |
Lennar Corp.: | |||
Class A | 33,610 | 3,358,647 | |
Class B | 3,043 | 249,769 | |
NVR, Inc. (a) | 423 | 2,070,500 | |
PulteGroup, Inc. | 32,722 | 1,573,274 | |
13,654,488 | |||
Internet & Direct Marketing Retail - 3.9% | |||
Amazon.com, Inc. (a) | 54,768 | 184,701,246 | |
eBay, Inc. | 81,744 | 6,271,400 | |
Etsy, Inc. (a) | 15,917 | 3,990,233 | |
Wayfair LLC Class A (a)(b) | 9,725 | 2,422,498 | |
197,385,377 | |||
Leisure Products - 0.1% | |||
Hasbro, Inc. | 16,232 | 1,554,376 | |
Peloton Interactive, Inc. Class A (a) | 33,794 | 3,090,123 | |
4,644,499 | |||
Multiline Retail - 0.5% | |||
Dollar General Corp. | 29,701 | 6,579,366 | |
Dollar Tree, Inc. (a) | 29,167 | 3,143,036 | |
Target Corp. | 62,210 | 16,150,960 | |
25,873,362 | |||
Specialty Retail - 2.2% | |||
AutoZone, Inc. (a) | 2,709 | 4,835,132 | |
Best Buy Co., Inc. | 28,346 | 3,465,015 | |
Burlington Stores, Inc. (a) | 8,372 | 2,313,100 | |
CarMax, Inc. (a) | 20,489 | 2,805,354 | |
Carvana Co. Class A (a)(b) | 10,626 | 3,221,591 | |
Lowe's Companies, Inc. | 88,890 | 20,784,260 | |
O'Reilly Automotive, Inc. (a) | 8,671 | 5,396,137 | |
Ross Stores, Inc. | 44,907 | 5,083,472 | |
The Home Depot, Inc. | 133,702 | 49,702,381 | |
TJX Companies, Inc. | 151,714 | 9,935,750 | |
Tractor Supply Co. | 14,378 | 3,122,470 | |
Ulta Beauty, Inc. (a) | 6,886 | 2,529,641 | |
113,194,303 | |||
Textiles, Apparel & Luxury Goods - 0.7% | |||
lululemon athletica, Inc. (a) | 14,894 | 6,940,753 | |
NIKE, Inc. Class B | 160,717 | 26,886,347 | |
VF Corp. | 40,980 | 2,986,622 | |
36,813,722 | |||
TOTAL CONSUMER DISCRETIONARY | 638,060,933 | ||
CONSUMER STAPLES - 5.4% | |||
Beverages - 1.3% | |||
Brown-Forman Corp. Class B (non-vtg.) | 23,030 | 1,563,507 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 21,156 | 4,586,832 | |
Keurig Dr. Pepper, Inc. | 92,679 | 3,344,785 | |
Monster Beverage Corp. (a) | 47,216 | 4,013,360 | |
PepsiCo, Inc. | 173,794 | 28,085,110 | |
The Coca-Cola Co. | 488,515 | 27,537,591 | |
69,131,185 | |||
Food & Staples Retailing - 1.3% | |||
Costco Wholesale Corp. | 55,589 | 27,324,217 | |
Kroger Co. | 85,506 | 3,421,950 | |
Sysco Corp. | 64,329 | 4,946,900 | |
Walgreens Boots Alliance, Inc. | 90,278 | 4,244,872 | |
Walmart, Inc. | 179,703 | 26,851,222 | |
66,789,161 | |||
Food Products - 0.8% | |||
Archer Daniels Midland Co. | 70,335 | 4,518,320 | |
Conagra Brands, Inc. | 60,426 | 1,945,717 | |
General Mills, Inc. | 76,234 | 4,711,261 | |
Hormel Foods Corp. | 35,406 | 1,498,382 | |
Kellogg Co. | 32,164 | 1,971,653 | |
McCormick & Co., Inc. (non-vtg.) | 31,332 | 2,513,766 | |
Mondelez International, Inc. | 175,766 | 10,676,027 | |
The Hershey Co. | 18,285 | 3,206,275 | |
The J.M. Smucker Co. | 13,648 | 1,676,793 | |
The Kraft Heinz Co. | 84,607 | 3,036,545 | |
Tyson Foods, Inc. Class A | 37,071 | 2,964,568 | |
38,719,307 | |||
Household Products - 1.2% | |||
Church & Dwight Co., Inc. | 30,872 | 2,696,978 | |
Colgate-Palmolive Co. | 106,067 | 8,081,245 | |
Kimberly-Clark Corp. | 42,346 | 5,483,384 | |
Procter & Gamble Co. | 305,242 | 43,646,554 | |
The Clorox Co. | 15,443 | 2,517,363 | |
62,425,524 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 29,160 | 9,457,463 | |
Tobacco - 0.6% | |||
Altria Group, Inc. | 231,886 | 10,228,491 | |
Philip Morris International, Inc. | 195,983 | 18,528,233 | |
28,756,724 | |||
TOTAL CONSUMER STAPLES | 275,279,364 | ||
ENERGY - 2.6% | |||
Energy Equipment & Services - 0.2% | |||
Baker Hughes Co. Class A | 104,182 | 2,612,885 | |
Halliburton Co. | 111,977 | 2,798,305 | |
Schlumberger Ltd. | 175,851 | 5,672,953 | |
11,084,143 | |||
Oil, Gas & Consumable Fuels - 2.4% | |||
Cheniere Energy, Inc. | 29,660 | 3,066,844 | |
Chevron Corp. | 243,191 | 27,842,938 | |
ConocoPhillips Co. | 168,392 | 12,543,520 | |
DT Midstream, Inc. | 12,085 | 579,597 | |
EOG Resources, Inc. | 73,421 | 6,788,506 | |
Exxon Mobil Corp. | 532,371 | 34,321,958 | |
Hess Corp. | 34,659 | 2,861,794 | |
Kinder Morgan, Inc. | 245,126 | 4,105,861 | |
Marathon Petroleum Corp. | 80,260 | 5,291,542 | |
Occidental Petroleum Corp. | 111,548 | 3,740,204 | |
ONEOK, Inc. | 56,047 | 3,565,710 | |
Phillips 66 Co. | 55,077 | 4,118,658 | |
Pioneer Natural Resources Co. | 28,531 | 5,334,726 | |
The Williams Companies, Inc. | 152,793 | 4,291,955 | |
Valero Energy Corp. | 51,410 | 3,975,535 | |
122,429,348 | |||
TOTAL ENERGY | 133,513,491 | ||
FINANCIALS - 11.1% | |||
Banks - 4.2% | |||
Bank of America Corp. | 931,176 | 44,491,589 | |
Citigroup, Inc. | 254,867 | 17,626,602 | |
Citizens Financial Group, Inc. | 53,579 | 2,538,573 | |
Fifth Third Bancorp | 86,856 | 3,780,842 | |
First Republic Bank | 22,169 | 4,795,820 | |
Huntington Bancshares, Inc. | 185,668 | 2,922,414 | |
JPMorgan Chase & Co. | 375,754 | 63,836,847 | |
KeyCorp | 120,258 | 2,798,404 | |
M&T Bank Corp. | 16,180 | 2,380,402 | |
PNC Financial Services Group, Inc. | 53,441 | 11,277,654 | |
Regions Financial Corp. | 120,026 | 2,842,216 | |
SVB Financial Group (a) | 7,377 | 5,292,260 | |
Truist Financial Corp. | 167,849 | 10,653,376 | |
U.S. Bancorp | 169,656 | 10,242,133 | |
Wells Fargo & Co. | 516,372 | 26,417,592 | |
211,896,724 | |||
Capital Markets - 3.3% | |||
Ameriprise Financial, Inc. | 14,303 | 4,321,365 | |
Bank of New York Mellon Corp. | 99,858 | 5,911,594 | |
BlackRock, Inc. Class A | 17,990 | 16,972,845 | |
Blackstone, Inc. | 86,257 | 11,939,694 | |
Charles Schwab Corp. | 188,775 | 15,485,213 | |
CME Group, Inc. | 45,160 | 9,960,038 | |
Goldman Sachs Group, Inc. | 42,390 | 17,521,907 | |
Intercontinental Exchange, Inc. | 70,814 | 9,804,906 | |
KKR & Co. LP | 73,314 | 5,840,926 | |
MarketAxess Holdings, Inc. | 4,782 | 1,954,260 | |
Moody's Corp. | 20,370 | 8,232,536 | |
Morgan Stanley | 183,550 | 18,865,269 | |
MSCI, Inc. | 10,367 | 6,892,811 | |
NASDAQ, Inc. | 14,718 | 3,088,867 | |
Northern Trust Corp. | 26,204 | 3,224,140 | |
Raymond James Financial, Inc. | 23,289 | 2,296,063 | |
S&P Global, Inc. | 30,305 | 14,369,419 | |
State Street Corp. | 45,976 | 4,530,935 | |
T. Rowe Price Group, Inc. | 28,537 | 6,189,105 | |
167,401,893 | |||
Consumer Finance - 0.6% | |||
Ally Financial, Inc. | 45,348 | 2,164,914 | |
American Express Co. | 80,917 | 14,061,756 | |
Capital One Financial Corp. | 56,099 | 8,472,632 | |
Discover Financial Services | 37,658 | 4,267,405 | |
Synchrony Financial | 71,639 | 3,327,632 | |
32,294,339 | |||
Diversified Financial Services - 1.3% | |||
Berkshire Hathaway, Inc. Class B (a) | 233,096 | 66,900,883 | |
Insurance - 1.7% | |||
AFLAC, Inc. | 77,596 | 4,164,577 | |
Allstate Corp. | 37,182 | 4,598,298 | |
American International Group, Inc. | 107,541 | 6,354,598 | |
Aon PLC | 28,387 | 9,081,569 | |
Arch Capital Group Ltd. (a) | 49,815 | 2,083,263 | |
Arthur J. Gallagher & Co. | 25,997 | 4,358,917 | |
Chubb Ltd. | 55,170 | 10,779,115 | |
Cincinnati Financial Corp. | 18,850 | 2,289,144 | |
Hartford Financial Services Group, Inc. | 43,659 | 3,184,051 | |
Markel Corp. (a) | 1,726 | 2,266,462 | |
Marsh & McLennan Companies, Inc. | 63,707 | 10,626,328 | |
MetLife, Inc. | 91,591 | 5,751,915 | |
Principal Financial Group, Inc. | 31,393 | 2,106,156 | |
Progressive Corp. | 73,582 | 6,981,460 | |
Prudential Financial, Inc. | 48,641 | 5,352,942 | |
The Travelers Companies, Inc. | 31,372 | 5,047,127 | |
Willis Towers Watson PLC | 16,227 | 3,931,478 | |
88,957,400 | |||
TOTAL FINANCIALS | 567,451,239 | ||
HEALTH CARE - 13.2% | |||
Biotechnology - 2.0% | |||
AbbVie, Inc. | 222,220 | 25,481,967 | |
Alnylam Pharmaceuticals, Inc. (a) | 14,945 | 2,384,624 | |
Amgen, Inc. | 71,407 | 14,779,107 | |
Biogen, Inc. (a) | 18,741 | 4,997,850 | |
BioMarin Pharmaceutical, Inc. (a) | 23,097 | 1,829,975 | |
Exact Sciences Corp. (a)(b) | 21,629 | 2,059,513 | |
Gilead Sciences, Inc. | 157,670 | 10,229,630 | |
Horizon Therapeutics PLC (a) | 28,406 | 3,406,163 | |
Incyte Corp. (a) | 23,538 | 1,576,575 | |
Moderna, Inc. (a) | 44,159 | 15,244,128 | |
Novavax, Inc. (a)(b) | 9,350 | 1,391,561 | |
Regeneron Pharmaceuticals, Inc. (a) | 13,217 | 8,458,087 | |
Seagen, Inc. (a)(b) | 16,701 | 2,944,887 | |
Vertex Pharmaceuticals, Inc. (a) | 32,623 | 6,032,971 | |
100,817,038 | |||
Health Care Equipment & Supplies - 3.6% | |||
Abbott Laboratories | 222,925 | 28,732,803 | |
Abiomed, Inc. (a) | 5,710 | 1,895,948 | |
Align Technology, Inc. (a) | 9,240 | 5,769,179 | |
Baxter International, Inc. | 62,860 | 4,963,426 | |
Becton, Dickinson & Co. | 36,112 | 8,652,074 | |
Boston Scientific Corp. (a) | 179,038 | 7,721,909 | |
Danaher Corp. | 79,896 | 24,909,176 | |
DexCom, Inc. (a) | 12,166 | 7,581,973 | |
Edwards Lifesciences Corp. (a) | 78,378 | 9,391,252 | |
Hologic, Inc. (a) | 31,875 | 2,336,756 | |
IDEXX Laboratories, Inc. (a) | 10,698 | 7,126,366 | |
Insulet Corp. (a) | 8,660 | 2,684,773 | |
Intuitive Surgical, Inc. (a) | 44,853 | 16,197,764 | |
Masimo Corp. (a) | 6,385 | 1,810,403 | |
Medtronic PLC | 168,990 | 20,255,141 | |
Novocure Ltd. (a)(b) | 11,210 | 1,149,810 | |
ResMed, Inc. | 18,298 | 4,810,727 | |
STERIS PLC | 12,543 | 2,931,801 | |
Stryker Corp. | 42,201 | 11,228,420 | |
Teleflex, Inc. | 5,886 | 2,100,949 | |
The Cooper Companies, Inc. | 6,192 | 2,581,569 | |
West Pharmaceutical Services, Inc. | 9,302 | 3,998,744 | |
Zimmer Biomet Holdings, Inc. | 26,260 | 3,758,331 | |
182,589,294 | |||
Health Care Providers & Services - 2.5% | |||
AmerisourceBergen Corp. | 18,811 | 2,295,318 | |
Anthem, Inc. | 30,659 | 13,340,651 | |
Cardinal Health, Inc. | 36,532 | 1,746,595 | |
Centene Corp. (a) | 73,314 | 5,222,889 | |
Cigna Corp. | 42,767 | 9,135,459 | |
CVS Health Corp. | 165,933 | 14,814,498 | |
Guardant Health, Inc. (a)(b) | 12,726 | 1,486,270 | |
HCA Holdings, Inc. | 30,998 | 7,763,759 | |
Humana, Inc. | 16,159 | 7,484,202 | |
Laboratory Corp. of America Holdings (a) | 12,160 | 3,490,163 | |
McKesson Corp. | 19,449 | 4,043,058 | |
Quest Diagnostics, Inc. | 15,364 | 2,255,128 | |
UnitedHealth Group, Inc. | 118,569 | 54,597,467 | |
127,675,457 | |||
Health Care Technology - 0.2% | |||
Cerner Corp. | 37,170 | 2,761,359 | |
Teladoc Health, Inc. (a)(b) | 20,025 | 2,995,540 | |
Veeva Systems, Inc. Class A (a) | 17,372 | 5,507,098 | |
11,263,997 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 11,405 | 1,839,284 | |
Agilent Technologies, Inc. | 38,154 | 6,008,873 | |
Avantor, Inc. (a) | 73,454 | 2,966,073 | |
Bio-Rad Laboratories, Inc. Class A (a) | 2,706 | 2,150,404 | |
Bio-Techne Corp. | 4,890 | 2,560,649 | |
Charles River Laboratories International, Inc. (a) | 6,337 | 2,843,285 | |
Illumina, Inc. (a) | 18,447 | 7,656,612 | |
IQVIA Holdings, Inc. (a) | 24,093 | 6,298,392 | |
Mettler-Toledo International, Inc. (a) | 2,907 | 4,304,918 | |
PerkinElmer, Inc. | 14,097 | 2,493,618 | |
Thermo Fisher Scientific, Inc. | 49,471 | 31,318,606 | |
Waters Corp. (a) | 7,716 | 2,836,016 | |
73,276,730 | |||
Pharmaceuticals - 3.5% | |||
Bristol-Myers Squibb Co. | 279,421 | 16,318,186 | |
Catalent, Inc. (a) | 21,419 | 2,952,823 | |
Elanco Animal Health, Inc. (a) | 59,541 | 1,957,708 | |
Eli Lilly & Co. | 99,838 | 25,434,729 | |
Johnson & Johnson | 331,025 | 53,917,352 | |
Merck & Co., Inc. | 318,313 | 28,027,460 | |
Organon & Co. | 31,869 | 1,171,186 | |
Pfizer, Inc. | 705,024 | 30,837,750 | |
Viatris, Inc. | 152,108 | 2,030,642 | |
Zoetis, Inc. Class A | 59,595 | 12,884,439 | |
175,532,275 | |||
TOTAL HEALTH CARE | 671,154,791 | ||
INDUSTRIALS - 7.7% | |||
Aerospace & Defense - 1.3% | |||
General Dynamics Corp. | 29,174 | 5,915,029 | |
HEICO Corp. (b) | 5,322 | 741,834 | |
HEICO Corp. Class A | 9,388 | 1,179,884 | |
L3Harris Technologies, Inc. | 25,267 | 5,825,054 | |
Lockheed Martin Corp. | 30,991 | 10,298,929 | |
Northrop Grumman Corp. | 18,924 | 6,760,031 | |
Raytheon Technologies Corp. | 189,609 | 16,848,656 | |
The Boeing Co. (a) | 69,285 | 14,344,074 | |
TransDigm Group, Inc. (a) | 6,583 | 4,106,607 | |
66,020,098 | |||
Air Freight & Logistics - 0.6% | |||
Expeditors International of Washington, Inc. | 21,363 | 2,633,203 | |
FedEx Corp. | 30,929 | 7,284,707 | |
United Parcel Service, Inc. Class B | 91,580 | 19,549,583 | |
29,467,493 | |||
Airlines - 0.2% | |||
Delta Air Lines, Inc. (a) | 80,461 | 3,148,439 | |
Southwest Airlines Co. (a) | 74,393 | 3,517,301 | |
United Airlines Holdings, Inc. (a) | 40,718 | 1,878,729 | |
8,544,469 | |||
Building Products - 0.4% | |||
Carrier Global Corp. | 109,108 | 5,698,711 | |
Fortune Brands Home & Security, Inc. | 17,367 | 1,761,014 | |
Johnson Controls International PLC | 89,556 | 6,570,724 | |
Masco Corp. | 31,096 | 2,038,343 | |
Trane Technologies PLC | 29,877 | 5,405,646 | |
21,474,438 | |||
Commercial Services & Supplies - 0.4% | |||
Cintas Corp. | 11,005 | 4,766,266 | |
Copart, Inc. (a) | 26,772 | 4,157,424 | |
Republic Services, Inc. | 26,419 | 3,555,997 | |
Waste Management, Inc. | 48,714 | 7,805,444 | |
20,285,131 | |||
Electrical Equipment - 0.6% | |||
AMETEK, Inc. | 29,070 | 3,848,868 | |
Eaton Corp. PLC | 50,122 | 8,258,101 | |
Emerson Electric Co. | 75,171 | 7,292,339 | |
Generac Holdings, Inc. (a) | 7,937 | 3,957,071 | |
Plug Power, Inc. (a)(b) | 65,005 | 2,487,741 | |
Rockwell Automation, Inc. | 14,589 | 4,659,727 | |
30,503,847 | |||
Industrial Conglomerates - 1.0% | |||
3M Co. | 72,763 | 13,001,293 | |
General Electric Co. | 138,029 | 14,475,101 | |
Honeywell International, Inc. | 86,816 | 18,979,714 | |
Roper Technologies, Inc. | 13,256 | 6,467,205 | |
52,923,313 | |||
Machinery - 1.4% | |||
Caterpillar, Inc. | 68,843 | 14,044,660 | |
Cummins, Inc. | 18,057 | 4,330,791 | |
Deere & Co. | 35,696 | 12,219,098 | |
Dover Corp. | 18,102 | 3,060,686 | |
Fortive Corp. | 45,065 | 3,411,871 | |
IDEX Corp. | 9,559 | 2,127,547 | |
Illinois Tool Works, Inc. | 36,041 | 8,212,663 | |
Ingersoll Rand, Inc. | 50,947 | 2,738,911 | |
Otis Worldwide Corp. | 53,666 | 4,309,916 | |
PACCAR, Inc. | 43,654 | 3,912,271 | |
Parker Hannifin Corp. | 16,228 | 4,813,063 | |
Stanley Black & Decker, Inc. | 20,491 | 3,682,847 | |
Westinghouse Air Brake Tech Co. | 23,778 | 2,157,378 | |
Xylem, Inc. | 22,654 | 2,958,386 | |
71,980,088 | |||
Professional Services - 0.5% | |||
CoStar Group, Inc. (a) | 49,663 | 4,273,501 | |
Equifax, Inc. | 15,320 | 4,250,228 | |
IHS Markit Ltd. | 50,122 | 6,551,948 | |
Jacobs Engineering Group, Inc. | 16,387 | 2,301,063 | |
Leidos Holdings, Inc. | 17,822 | 1,781,844 | |
TransUnion Holding Co., Inc. | 24,079 | 2,776,068 | |
Verisk Analytics, Inc. | 20,287 | 4,265,747 | |
26,200,399 | |||
Road & Rail - 1.1% | |||
CSX Corp. | 283,483 | 10,253,580 | |
Kansas City Southern | 11,438 | 3,548,640 | |
Lyft, Inc. (a) | 36,593 | 1,678,521 | |
Norfolk Southern Corp. | 31,054 | 9,100,375 | |
Old Dominion Freight Lines, Inc. | 11,795 | 4,026,223 | |
Uber Technologies, Inc. (a) | 203,777 | 8,929,508 | |
Union Pacific Corp. | 82,000 | 19,794,800 | |
57,331,647 | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. | 72,269 | 4,125,115 | |
United Rentals, Inc. (a) | 9,103 | 3,451,038 | |
W.W. Grainger, Inc. | 5,501 | 2,547,568 | |
10,123,721 | |||
TOTAL INDUSTRIALS | 394,854,644 | ||
INFORMATION TECHNOLOGY - 29.4% | |||
Communications Equipment - 0.8% | |||
Arista Networks, Inc. (a) | 7,041 | 2,884,627 | |
Cisco Systems, Inc. | 529,910 | 29,659,063 | |
F5 Networks, Inc. (a) | 7,606 | 1,606,007 | |
Motorola Solutions, Inc. | 21,289 | 5,292,233 | |
39,441,930 | |||
Electronic Equipment & Components - 0.7% | |||
Amphenol Corp. Class A | 75,216 | 5,774,332 | |
CDW Corp. | 17,289 | 3,226,992 | |
Cognex Corp. | 22,238 | 1,947,826 | |
Corning, Inc. | 96,650 | 3,437,841 | |
Keysight Technologies, Inc. (a) | 23,164 | 4,169,983 | |
TE Connectivity Ltd. | 41,244 | 6,021,624 | |
Teledyne Technologies, Inc. (a) | 5,860 | 2,632,429 | |
Trimble, Inc. (a) | 31,639 | 2,764,299 | |
Zebra Technologies Corp. Class A (a) | 6,715 | 3,585,474 | |
33,560,800 | |||
IT Services - 5.0% | |||
Accenture PLC Class A | 79,741 | 28,610,273 | |
Akamai Technologies, Inc. (a) | 20,480 | 2,159,821 | |
Automatic Data Processing, Inc. | 53,201 | 11,943,092 | |
Broadridge Financial Solutions, Inc. | 14,607 | 2,606,035 | |
Cloudflare, Inc. (a) | 33,126 | 6,450,295 | |
Cognizant Technology Solutions Corp. Class A | 66,093 | 5,161,202 | |
EPAM Systems, Inc. (a) | 7,121 | 4,794,142 | |
Fidelity National Information Services, Inc. | 77,673 | 8,601,508 | |
Fiserv, Inc. (a) | 74,944 | 7,381,235 | |
FleetCor Technologies, Inc. (a) | 10,387 | 2,569,848 | |
Gartner, Inc. (a) | 10,519 | 3,491,361 | |
Global Payments, Inc. | 36,938 | 5,281,765 | |
GoDaddy, Inc. (a) | 21,234 | 1,468,756 | |
IBM Corp. | 112,711 | 14,100,146 | |
MasterCard, Inc. Class A | 109,546 | 36,754,874 | |
MongoDB, Inc. Class A (a) | 8,128 | 4,237,045 | |
Okta, Inc. (a) | 15,725 | 3,886,906 | |
Paychex, Inc. | 40,270 | 4,964,486 | |
PayPal Holdings, Inc. (a) | 147,758 | 34,367,033 | |
Square, Inc. (a) | 49,972 | 12,717,874 | |
Twilio, Inc. Class A (a) | 20,991 | 6,115,938 | |
VeriSign, Inc. (a) | 12,239 | 2,725,258 | |
Visa, Inc. Class A | 212,217 | 44,941,194 | |
255,330,087 | |||
Semiconductors & Semiconductor Equipment - 5.8% | |||
Advanced Micro Devices, Inc. (a) | 152,528 | 18,338,441 | |
Analog Devices, Inc. | 67,640 | 11,734,864 | |
Applied Materials, Inc. | 114,932 | 15,705,458 | |
Broadcom, Inc. | 51,590 | 27,428,855 | |
Enphase Energy, Inc. (a) | 16,928 | 3,921,033 | |
Entegris, Inc. | 17,051 | 2,400,440 | |
Intel Corp. | 510,161 | 24,997,889 | |
KLA Corp. | 19,207 | 7,159,601 | |
Lam Research Corp. | 17,919 | 10,098,611 | |
Marvell Technology, Inc. | 103,050 | 7,058,925 | |
Microchip Technology, Inc. | 68,922 | 5,106,431 | |
Micron Technology, Inc. | 141,564 | 9,782,072 | |
Monolithic Power Systems, Inc. | 5,428 | 2,852,197 | |
NVIDIA Corp. | 313,363 | 80,117,518 | |
NXP Semiconductors NV | 33,341 | 6,696,873 | |
ON Semiconductor Corp. (a) | 54,141 | 2,602,558 | |
Qorvo, Inc. (a) | 13,977 | 2,351,351 | |
Qualcomm, Inc. | 141,845 | 18,871,059 | |
Skyworks Solutions, Inc. | 20,767 | 3,470,789 | |
SolarEdge Technologies, Inc. (a) | 6,573 | 2,331,312 | |
Teradyne, Inc. | 20,745 | 2,867,789 | |
Texas Instruments, Inc. | 116,093 | 21,765,116 | |
Wolfspeed, Inc. (a) | 14,487 | 1,740,034 | |
Xilinx, Inc. | 31,118 | 5,601,240 | |
295,000,456 | |||
Software - 11.0% | |||
Adobe, Inc. (a) | 59,907 | 38,961,117 | |
ANSYS, Inc. (a) | 10,972 | 4,164,752 | |
Autodesk, Inc. (a) | 27,666 | 8,786,998 | |
Avalara, Inc. (a) | 10,860 | 1,950,890 | |
Black Knight, Inc. (a) | 19,641 | 1,377,031 | |
Cadence Design Systems, Inc. (a) | 34,805 | 6,025,094 | |
Ceridian HCM Holding, Inc. (a)(b) | 16,963 | 2,124,616 | |
Citrix Systems, Inc. | 15,571 | 1,475,041 | |
Coupa Software, Inc. (a) | 9,246 | 2,105,314 | |
Crowdstrike Holdings, Inc. (a) | 25,055 | 7,060,499 | |
Datadog, Inc. Class A (a) | 30,146 | 5,035,889 | |
DocuSign, Inc. (a) | 24,500 | 6,818,105 | |
Fair Isaac Corp. (a) | 3,560 | 1,417,592 | |
Fortinet, Inc. (a) | 17,046 | 5,733,252 | |
HubSpot, Inc. (a) | 5,615 | 4,549,441 | |
Intuit, Inc. | 34,362 | 21,510,268 | |
Microsoft Corp. | 944,981 | 313,374,590 | |
NortonLifeLock, Inc. | 73,156 | 1,861,820 | |
Nuance Communications, Inc. (a) | 35,885 | 1,975,469 | |
Oracle Corp. | 207,144 | 19,873,395 | |
Palo Alto Networks, Inc. (a) | 12,247 | 6,234,825 | |
Paycom Software, Inc. (a) | 6,045 | 3,311,753 | |
PTC, Inc. (a) | 13,310 | 1,695,029 | |
RingCentral, Inc. (a) | 10,237 | 2,495,576 | |
Salesforce.com, Inc. (a) | 122,168 | 36,612,528 | |
ServiceNow, Inc. (a) | 24,911 | 17,381,899 | |
Splunk, Inc. (a) | 20,612 | 3,397,270 | |
SS&C Technologies Holdings, Inc. | 27,933 | 2,219,836 | |
Synopsys, Inc. (a) | 19,186 | 6,392,391 | |
The Trade Desk, Inc. (a) | 54,589 | 4,089,262 | |
Tyler Technologies, Inc. (a) | 5,136 | 2,789,978 | |
Workday, Inc. Class A (a) | 23,767 | 6,891,955 | |
Zendesk, Inc. (a) | 15,106 | 1,537,791 | |
Zoom Video Communications, Inc. Class A (a) | 27,183 | 7,465,811 | |
Zscaler, Inc. (a) | 9,819 | 3,130,886 | |
561,827,963 | |||
Technology Hardware, Storage & Peripherals - 6.1% | |||
Apple, Inc. | 1,974,699 | 295,809,910 | |
Dell Technologies, Inc. (a) | 34,906 | 3,839,311 | |
Hewlett Packard Enterprise Co. | 164,217 | 2,405,779 | |
HP, Inc. | 151,053 | 4,581,437 | |
NetApp, Inc. | 28,169 | 2,515,492 | |
Seagate Technology Holdings PLC | 26,331 | 2,345,302 | |
Western Digital Corp. (a) | 38,540 | 2,015,257 | |
313,512,488 | |||
TOTAL INFORMATION TECHNOLOGY | 1,498,673,724 | ||
MATERIALS - 2.3% | |||
Chemicals - 1.6% | |||
Air Products & Chemicals, Inc. | 27,835 | 8,345,211 | |
Albemarle Corp. U.S. | 14,706 | 3,683,412 | |
Celanese Corp. Class A | 13,972 | 2,256,618 | |
Corteva, Inc. | 92,317 | 3,983,479 | |
Dow, Inc. | 93,778 | 5,248,755 | |
DuPont de Nemours, Inc. | 65,772 | 4,577,731 | |
Eastman Chemical Co. | 17,093 | 1,778,185 | |
Ecolab, Inc. | 31,296 | 6,954,597 | |
FMC Corp. | 16,182 | 1,472,724 | |
International Flavors & Fragrances, Inc. | 31,318 | 4,617,839 | |
Linde PLC | 64,936 | 20,727,571 | |
LyondellBasell Industries NV Class A | 33,230 | 3,084,409 | |
PPG Industries, Inc. | 29,846 | 4,792,372 | |
Sherwin-Williams Co. | 30,460 | 9,643,941 | |
81,166,844 | |||
Construction Materials - 0.1% | |||
Martin Marietta Materials, Inc. | 7,843 | 3,081,044 | |
Vulcan Materials Co. | 16,683 | 3,171,772 | |
6,252,816 | |||
Containers & Packaging - 0.3% | |||
Amcor PLC | 193,880 | 2,340,132 | |
Avery Dennison Corp. | 10,430 | 2,270,820 | |
Ball Corp. | 41,068 | 3,756,901 | |
International Paper Co. | 49,142 | 2,440,883 | |
Packaging Corp. of America | 11,943 | 1,640,610 | |
12,449,346 | |||
Metals & Mining - 0.3% | |||
Freeport-McMoRan, Inc. | 184,606 | 6,963,338 | |
Newmont Corp. | 100,488 | 5,426,352 | |
Nucor Corp. | 36,932 | 4,123,458 | |
16,513,148 | |||
TOTAL MATERIALS | 116,382,154 | ||
REAL ESTATE - 2.5% | |||
Equity Real Estate Investment Trusts (REITs) - 2.4% | |||
Alexandria Real Estate Equities, Inc. | 17,435 | 3,559,181 | |
American Tower Corp. | 57,233 | 16,137,989 | |
AvalonBay Communities, Inc. | 17,557 | 4,155,391 | |
Boston Properties, Inc. | 17,877 | 2,031,542 | |
Crown Castle International Corp. | 54,348 | 9,798,944 | |
Digital Realty Trust, Inc. | 35,535 | 5,607,778 | |
Duke Realty Corp. | 47,573 | 2,675,506 | |
Equinix, Inc. | 11,286 | 9,447,172 | |
Equity Residential (SBI) | 42,852 | 3,702,413 | |
Essex Property Trust, Inc. | 8,178 | 2,779,948 | |
Extra Space Storage, Inc. | 16,827 | 3,321,145 | |
Healthpeak Properties, Inc. | 67,777 | 2,406,761 | |
Invitation Homes, Inc. | 72,499 | 2,990,584 | |
Medical Properties Trust, Inc. | 74,673 | 1,592,775 | |
Mid-America Apartment Communities, Inc. | 14,590 | 2,979,424 | |
Prologis (REIT), Inc. | 92,959 | 13,475,337 | |
Public Storage | 19,170 | 6,367,891 | |
Realty Income Corp. | 48,966 | 3,497,641 | |
SBA Communications Corp. Class A | 13,776 | 4,757,266 | |
Simon Property Group, Inc. | 41,324 | 6,057,272 | |
Sun Communities, Inc. | 14,575 | 2,856,409 | |
Ventas, Inc. | 49,481 | 2,640,801 | |
VICI Properties, Inc. | 77,207 | 2,266,025 | |
Welltower, Inc. | 53,138 | 4,272,295 | |
Weyerhaeuser Co. | 94,285 | 3,367,860 | |
122,745,350 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (a) | 42,220 | 4,394,258 | |
TOTAL REAL ESTATE | 127,139,608 | ||
UTILITIES - 2.2% | |||
Electric Utilities - 1.5% | |||
Alliant Energy Corp. | 31,504 | 1,782,181 | |
American Electric Power Co., Inc. | 62,903 | 5,328,513 | |
Duke Energy Corp. | 96,740 | 9,868,447 | |
Edison International | 47,743 | 3,004,467 | |
Entergy Corp. | 25,268 | 2,603,109 | |
Evergy, Inc. | 28,864 | 1,840,080 | |
Eversource Energy | 43,209 | 3,668,444 | |
Exelon Corp. | 122,954 | 6,539,923 | |
FirstEnergy Corp. | 68,428 | 2,636,531 | |
NextEra Energy, Inc. | 246,683 | 21,049,460 | |
PG&E Corp. (a) | 189,741 | 2,200,996 | |
PPL Corp. | 96,768 | 2,786,918 | |
Southern Co. | 133,141 | 8,297,347 | |
Xcel Energy, Inc. | 67,703 | 4,372,937 | |
75,979,353 | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
The AES Corp. | 83,806 | 2,106,045 | |
Multi-Utilities - 0.6% | |||
Ameren Corp. | 32,331 | 2,725,180 | |
CMS Energy Corp. | 36,428 | 2,198,430 | |
Consolidated Edison, Inc. | 44,436 | 3,350,474 | |
Dominion Energy, Inc. | 101,662 | 7,719,196 | |
DTE Energy Co. | 24,362 | 2,761,433 | |
Public Service Enterprise Group, Inc. | 63,571 | 4,055,830 | |
Sempra Energy | 40,153 | 5,124,727 | |
WEC Energy Group, Inc. | 39,662 | 3,571,960 | |
31,507,230 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 22,821 | 3,974,962 | |
TOTAL UTILITIES | 113,567,590 | ||
TOTAL COMMON STOCKS | |||
(Cost $3,708,936,462) | 5,086,829,634 | ||
Money Market Funds - 0.9% | |||
Fidelity Cash Central Fund 0.06% (c) | 28,903,499 | 28,909,280 | |
Fidelity Securities Lending Cash Central Fund 0.06% (c)(d) | 18,513,418 | 18,515,269 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $47,424,526) | 47,424,549 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% | |||
(Cost $3,756,360,988) | 5,134,254,183 | ||
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (31,197,649) | ||
NET ASSETS - 100% | $5,103,056,534 |
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) | 68 | Dec. 2021 | $15,629,800 | $545,621 | $545,621 |
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) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(d) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
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% | $9,271,077 | $1,102,838,299 | $1,083,199,680 | $12,792 | $(417) | $1 | $28,909,280 | 0.0% |
Fidelity Securities Lending Cash Central Fund 0.06% | 3,988,026 | 279,297,374 | 264,770,131 | 18,950 | -- | -- | 18,515,269 | 0.0% |
Total | $13,259,103 | $1,382,135,673 | $1,347,969,811 | $31,742 | $(417) | $1 | $47,424,549 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $550,752,096 | $550,752,096 | $-- | $-- |
Consumer Discretionary | 638,060,933 | 638,060,933 | -- | -- |
Consumer Staples | 275,279,364 | 275,279,364 | -- | -- |
Energy | 133,513,491 | 133,513,491 | -- | -- |
Financials | 567,451,239 | 567,451,239 | -- | -- |
Health Care | 671,154,791 | 671,154,791 | -- | -- |
Industrials | 394,854,644 | 394,854,644 | -- | -- |
Information Technology | 1,498,673,724 | 1,498,673,724 | -- | -- |
Materials | 116,382,154 | 116,382,154 | -- | -- |
Real Estate | 127,139,608 | 127,139,608 | -- | -- |
Utilities | 113,567,590 | 113,567,590 | -- | -- |
Money Market Funds | 47,424,549 | 47,424,549 | -- | -- |
Total Investments in Securities: | $5,134,254,183 | $5,134,254,183 | $-- | $-- |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $545,621 | $545,621 | $-- | $-- |
Total Assets | $545,621 | $545,621 | $-- | $-- |
Total Derivative Instruments: | $545,621 | $545,621 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $545,621 | $0 |
Total Equity Risk | 545,621 | 0 |
Total Value of Derivatives | $545,621 | $0 |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® Large Cap Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $18,237,127) — See accompanying schedule: Unaffiliated issuers (cost $3,708,936,462) | $5,086,829,634 | |
Fidelity Central Funds (cost $47,424,526) | 47,424,549 | |
Total Investment in Securities (cost $3,756,360,988) | $5,134,254,183 | |
Segregated cash with brokers for derivative instruments | 425,500 | |
Receivable for fund shares sold | 9,344,852 | |
Dividends receivable | 3,696,632 | |
Distributions receivable from Fidelity Central Funds | 2,359 | |
Receivable for daily variation margin on futures contracts | 17,822 | |
Other receivables | 46 | |
Total assets | 5,147,741,394 | |
Liabilities | ||
Payable for investments purchased | $22,215,174 | |
Payable for fund shares redeemed | 3,954,185 | |
Collateral on securities loaned | 18,515,501 | |
Total liabilities | 44,684,860 | |
Net Assets | $5,103,056,534 | |
Net Assets consist of: | ||
Paid in capital | $3,701,831,199 | |
Total accumulated earnings (loss) | 1,401,225,335 | |
Net Assets | $5,103,056,534 | |
Net Asset Value, offering price and redemption price per share ($5,103,056,534 ÷ 308,360,841 shares) | $16.55 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2021 | ||
Investment Income | ||
Dividends | $51,932,357 | |
Interest | 725 | |
Income from Fidelity Central Funds (including $18,950 from security lending) | 31,742 | |
Total income | 51,964,824 | |
Expenses | ||
Independent trustees' fees and expenses | $13,506 | |
Total expenses before reductions | 13,506 | |
Expense reductions | (51) | |
Total expenses after reductions | 13,455 | |
Net investment income (loss) | 51,951,369 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 26,177,456 | |
Fidelity Central Funds | (417) | |
Futures contracts | 3,613,781 | |
Total net realized gain (loss) | 29,790,820 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 1,134,261,205 | |
Fidelity Central Funds | 1 | |
Futures contracts | 539,924 | |
Total change in net unrealized appreciation (depreciation) | 1,134,801,130 | |
Net gain (loss) | 1,164,591,950 | |
Net increase (decrease) in net assets resulting from operations | $1,216,543,319 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2021 | Year ended October 31, 2020 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $51,951,369 | $33,778,288 |
Net realized gain (loss) | 29,790,820 | (6,985,309) |
Change in net unrealized appreciation (depreciation) | 1,134,801,130 | 164,197,399 |
Net increase (decrease) in net assets resulting from operations | 1,216,543,319 | 190,990,378 |
Distributions to shareholders | (33,862,107) | (16,389,623) |
Share transactions | ||
Proceeds from sales of shares | 2,370,735,175 | 1,786,549,644 |
Reinvestment of distributions | 32,582,726 | 15,768,297 |
Cost of shares redeemed | (858,858,399) | (763,781,840) |
Net increase (decrease) in net assets resulting from share transactions | 1,544,459,502 | 1,038,536,101 |
Total increase (decrease) in net assets | 2,727,140,714 | 1,213,136,856 |
Net Assets | ||
Beginning of period | 2,375,915,820 | 1,162,778,964 |
End of period | $5,103,056,534 | $2,375,915,820 |
Other Information | ||
Shares | ||
Sold | 162,659,624 | 164,020,717 |
Issued in reinvestment of distributions | 2,468,388 | 1,432,179 |
Redeemed | (59,268,053) | (72,170,162) |
Net increase (decrease) | 105,859,959 | 93,282,734 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO Large Cap Index Fund
Years ended October 31, | 2021 | 2020 | 2019 | 2018 A |
Selected Per–Share Data | ||||
Net asset value, beginning of period | $11.73 | $10.65 | $9.35 | $10.00 |
Income from Investment Operations | ||||
Net investment income (loss)B | .20 | .20 | .19 | .02 |
Net realized and unrealized gain (loss) | 4.78 | 1.01 | 1.16 | (.67) |
Total from investment operations | 4.98 | 1.21 | 1.35 | (.65) |
Distributions from net investment income | (.16) | (.13) | (.04) | – |
Distributions from net realized gain | – | – | (.01) | – |
Total distributions | (.16) | (.13) | (.05) | – |
Net asset value, end of period | $16.55 | $11.73 | $10.65 | $9.35 |
Total ReturnC,D | 42.81% | 11.45% | 14.50% | (6.50)% |
Ratios to Average Net AssetsE,F | ||||
Expenses before reductionsG | -% | -% | -% | - %H |
Expenses net of fee waivers, if anyG | -% | -% | -% | - %H |
Expenses net of all reductionsG | -% | -% | -% | - %H |
Net investment income (loss) | 1.36% | 1.80% | 1.91% | 1.29%H |
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $5,103,057 | $2,375,916 | $1,162,779 | $105,175 |
Portfolio turnover rateI | 5%J | 5% | 3% | 1%K |
A For the period September 13, 2018 (commencement of operations) through October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount represents less than .005%.
H Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Portfolio turnover rate excludes securities received or delivered in-kind.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® Total Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund’s total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
For the periods ended October 31, 2021 | Past 1 year | Life of fundA |
Fidelity ZERO® Total Market Index Fund | 44.00% | 18.13% |
A From August 2, 2018
$10,000 Over Life of Fund
Let's say hypothetically that $10,000 was invested in Fidelity ZERO® Total Market Index Fund on August 2, 2018, when the fund started.
The chart shows how the value of your investment would have changed, and also shows how the Fidelity U.S. Total Investable Market Index℠ and S&P 500 Index performed over the same period.
Period Ending Values | ||
$17,186 | Fidelity ZERO® Total Market Index Fund | |
$17,178 | Fidelity U.S. Total Investable Market Index℠ | |
$17,274 | S&P 500 Index |
Fidelity ZERO® Total Market Index Fund
Management's Discussion of Fund Performance
Market Recap: The S&P 500® index gained 42.91% for the 12 months ending October 31, 2021, with U.S. equities rising on the prospect of a surge in economic growth amid strong corporate earnings, widespread COVID-19 vaccination, fiscal stimulus and fresh spending programs. After the index closed 2020 at an all-time high, investors were hopeful as the new year began. The rollout of three COVID-19 vaccines was underway, the U.S. Federal Reserve pledged to hold interest rates near zero until the economy recovered, and the federal government planned to deploy trillions of dollars to boost consumers and the economy. A flattish May reflected concerns about inflation and jobs, but the rally resumed through August amid strong earnings. In early September, sentiment turned broadly negative due to a host of factors. These included inflationary pressure from surging energy/other commodity prices, rising bond yields, supply constraints and disruption, valuation concerns, and the fast-spreading delta variant of the coronavirus. In addition, the Fed signaled it could soon begin to taper the bond purchases it has made since the onset of the pandemic. The index returned -4.65% in September, its first monthly decline since January, but sharply reversed course with a 7.01% gain in October, driven by strength in earnings and notable improvement in the economy. By sector, energy gained 111% to lead by a wide margin, followed by financials (+72%), whereas the defensive utilities (+11%) and consumer staples (+19%) groups notably lagged.Comments from the Geode Capital Management, LLC, passive equity index team: For the fiscal year ending October 31, 2021, the fund gained 44.00%, roughly in line with the 44.05% advance of the benchmark Fidelity U.S. Total Investable Market Index. By sector, information technology gained 47% and contributed most, followed by financials, which gained about 72%, and consumer discretionary, which advanced 44%. The health care sector rose roughly 32%, communication services gained 40%, driven by the media & entertainment industry (+47%), and industrials advanced about 41%. Other notable contributors included the energy (+117%), real estate (+47%), consumer staples (+20%), materials (+41%), and utilities (+12%) sectors. Turning to individual stocks, the top contributor was Microsoft (+65%), from the software & services industry, followed by Alphabet (+83%), within the media & entertainment group. In technology hardware & equipment, Apple advanced roughly 39% and Tesla (+188%) from the automobiles & components category also helped. Nvidia, within the semiconductors & semiconductor equipment segment, rose approximately 104% and boosted the fund. In contrast, the biggest individual detractor was Zoom Video Communications (-40%), from the software & services category, followed by Uber Technologies (-25%), which is in the transportation group. Within consumer durables & apparel, Peloton Interactive returned about -35% and hurt. Other detractors were Pinterest (-24%), a stock in the media & entertainment segment, and Fidelity National Information Services (-10%), from the software & services industry.The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Fidelity ZERO® Total Market Index Fund
Investment Summary (Unaudited)
Top Five Stocks as of October 31, 2021
% of fund's net assets | |
Microsoft Corp. | 5.3 |
Apple, Inc. | 5.0 |
Amazon.com, Inc. | 3.1 |
Tesla, Inc. | 1.9 |
Alphabet, Inc. Class A | 1.9 |
17.2 |
Top Five Market Sectors as of October 31, 2021
% of fund's net assets | |
Information Technology | 27.4 |
Health Care | 13.2 |
Consumer Discretionary | 12.6 |
Financials | 11.9 |
Communication Services | 9.8 |
Asset Allocation (% of fund's net assets)
As of October 31, 2021 * | ||
Stocks and Equity Futures | 100.0% |
* Foreign investments - 3.5%
Fidelity ZERO® Total Market Index Fund
Schedule of Investments October 31, 2021
Showing Percentage of Net Assets
Common Stocks - 99.9% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 9.8% | |||
Diversified Telecommunication Services - 0.9% | |||
Anterix, Inc. (a)(b) | 4,852 | $311,013 | |
AT&T, Inc. | 1,861,650 | 47,025,279 | |
ATN International, Inc. | 2,398 | 97,790 | |
Bandwidth, Inc. (a) | 5,748 | 490,189 | |
Cogent Communications Group, Inc. | 10,671 | 817,292 | |
Consolidated Communications Holdings, Inc. (a) | 18,237 | 134,954 | |
EchoStar Holding Corp. Class A (a)(b) | 11,187 | 262,447 | |
Globalstar, Inc. (a)(b) | 159,712 | 263,525 | |
IDT Corp. Class B (a) | 4,938 | 238,851 | |
Iridium Communications, Inc. (a) | 34,309 | 1,391,230 | |
Liberty Global PLC: | |||
Class A (a) | 37,648 | 1,082,004 | |
Class C (a) | 96,651 | 2,787,415 | |
Liberty Latin America Ltd.: | |||
Class A (a) | 15,780 | 189,676 | |
Class C (a) | 35,174 | 423,143 | |
Lumen Technologies, Inc. | 262,696 | 3,115,575 | |
Ooma, Inc. (a) | 4,833 | 111,642 | |
Radius Global Infrastructure, Inc. (a) | 14,497 | 251,233 | |
Verizon Communications, Inc. | 1,078,586 | 57,154,272 | |
116,147,530 | |||
Entertainment - 1.8% | |||
Activision Blizzard, Inc. | 202,915 | 15,865,924 | |
AMC Entertainment Holdings, Inc. Class A (a)(b) | 133,942 | 4,737,529 | |
Cinemark Holdings, Inc. (a)(b) | 26,711 | 502,167 | |
Electronic Arts, Inc. | 74,297 | 10,420,154 | |
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 27,040 | 350,168 | |
Class B (a) | 18,092 | 204,801 | |
Live Nation Entertainment, Inc. (a) | 34,584 | 3,498,172 | |
LiveOne, Inc. (a) | 12,864 | 29,459 | |
Madison Square Garden Entertainment Corp. (a) | 6,230 | 439,028 | |
Madison Square Garden Sports Corp. (a) | 4,470 | 847,110 | |
Marcus Corp. (a)(b) | 5,384 | 99,981 | |
Netflix, Inc. (a) | 115,419 | 79,674,890 | |
Playtika Holding Corp. (b) | 26,408 | 746,818 | |
Roku, Inc. Class A (a) | 30,387 | 9,264,996 | |
Sciplay Corp. (A Shares) (a) | 5,461 | 110,367 | |
Take-Two Interactive Software, Inc. (a) | 30,436 | 5,508,916 | |
The Walt Disney Co. (a) | 473,870 | 80,117,201 | |
Warner Music Group Corp. Class A | 25,108 | 1,242,595 | |
World Wrestling Entertainment, Inc. Class A (b) | 12,044 | 735,768 | |
Zynga, Inc. (a) | 265,109 | 1,956,504 | |
216,352,548 | |||
Interactive Media & Services - 5.8% | |||
Alphabet, Inc.: | |||
Class A (a) | 78,539 | 232,547,696 | |
Class C (a) | 73,440 | 217,779,710 | |
Angi, Inc. (a)(b) | 19,456 | 243,784 | |
Bumble, Inc. (b) | 18,436 | 968,259 | |
CarGurus, Inc. Class A (a) | 22,676 | 760,553 | |
Cars.com, Inc. (a) | 16,042 | 208,867 | |
Eventbrite, Inc. (a)(b) | 20,971 | 424,453 | |
EverQuote, Inc. Class A (a) | 6,308 | 86,987 | |
IAC (a) | 22,005 | 3,352,902 | |
Liberty TripAdvisor Holdings, Inc. (a)(b) | 17,647 | 54,529 | |
Match Group, Inc. (a) | 72,326 | 10,905,314 | |
MediaAlpha, Inc. Class A (b) | 6,452 | 113,104 | |
Meta Platforms, Inc. Class A (a) | 621,634 | 201,142,113 | |
Pinterest, Inc. Class A (a) | 144,986 | 6,472,175 | |
QuinStreet, Inc. (a) | 11,889 | 166,446 | |
Snap, Inc. Class A (a) | 273,303 | 14,370,272 | |
TripAdvisor, Inc. (a)(b) | 24,833 | 818,744 | |
TrueCar, Inc. (a) | 21,207 | 88,857 | |
Twitter, Inc. (a) | 208,539 | 11,165,178 | |
Vimeo, Inc. (a) | 40,218 | 1,356,553 | |
Yelp, Inc. (a) | 17,721 | 684,562 | |
Ziff Davis, Inc. (a) | 12,487 | 1,601,707 | |
Zillow Group, Inc.: | |||
Class A (a) | 14,394 | 1,521,734 | |
Class C (a)(b) | 39,465 | 4,089,758 | |
Zoominfo Technologies, Inc. (a) | 47,681 | 3,205,117 | |
714,129,374 | |||
Media - 1.1% | |||
Altice U.S.A., Inc. Class A (a) | 59,286 | 966,362 | |
AMC Networks, Inc. Class A (a) | 7,500 | 298,425 | |
Audacy, Inc. Class A (a)(b) | 28,618 | 92,436 | |
Boston Omaha Corp. (a)(b) | 3,936 | 139,531 | |
Cable One, Inc. | 1,286 | 2,200,616 | |
Cardlytics, Inc. (a)(b) | 8,609 | 677,184 | |
Cbdmd, Inc. (a)(b) | 6,733 | 11,917 | |
Charter Communications, Inc. Class A (a) | 33,077 | 22,323,337 | |
Clear Channel Outdoor Holdings, Inc. (a) | 124,905 | 362,225 | |
Comcast Corp. Class A | 1,194,484 | 61,432,312 | |
Discovery Communications, Inc.: | |||
Class A (a) | 46,141 | 1,081,545 | |
Class C (non-vtg.) (a) | 75,986 | 1,714,244 | |
DISH Network Corp. Class A (a) | 64,214 | 2,637,269 | |
E.W. Scripps Co. Class A (b) | 14,875 | 276,675 | |
Fluent, Inc. (a) | 8,395 | 19,980 | |
Fox Corp.: | |||
Class A | 87,525 | 3,478,244 | |
Class B | 35,156 | 1,299,366 | |
Gannett Co., Inc. (a)(b) | 32,943 | 191,069 | |
Gray Television, Inc. | 21,983 | 515,282 | |
iHeartMedia, Inc. (a) | 29,322 | 568,260 | |
Interpublic Group of Companies, Inc. | 101,890 | 3,726,117 | |
John Wiley & Sons, Inc. Class A | 11,013 | 596,574 | |
Liberty Broadband Corp.: | |||
Class A (a) | 6,086 | 978,446 | |
Class C (a) | 38,002 | 6,173,425 | |
Liberty Media Corp.: | |||
Liberty Braves Class A (a) | 1,595 | 48,759 | |
Liberty Braves Class C (a) | 10,671 | 317,142 | |
Liberty Formula One Group Series C (a) | 53,103 | 2,963,147 | |
Liberty Media Class A (a) | 7,386 | 385,180 | |
Liberty SiriusXM Series A (a) | 22,986 | 1,144,243 | |
Liberty SiriusXM Series C (a) | 40,258 | 1,985,525 | |
Loral Space & Communications Ltd. | 3,044 | 151,652 | |
Magnite, Inc. (a)(b) | 30,191 | 816,063 | |
Meredith Corp. (a) | 10,211 | 594,689 | |
National CineMedia, Inc. | 17,193 | 54,674 | |
News Corp.: | |||
Class A | 103,192 | 2,363,097 | |
Class B | 32,615 | 735,794 | |
Nexstar Broadcasting Group, Inc. Class A | 10,787 | 1,617,295 | |
Omnicom Group, Inc. | 56,697 | 3,859,932 | |
PubMatic, Inc. (b) | 5,388 | 153,989 | |
Scholastic Corp. | 7,576 | 274,175 | |
Sinclair Broadcast Group, Inc. Class A (b) | 11,889 | 310,660 | |
Sirius XM Holdings, Inc. (b) | 240,059 | 1,461,959 | |
TechTarget, Inc. (a) | 6,921 | 652,720 | |
Tegna, Inc. | 56,748 | 1,115,666 | |
The New York Times Co. Class A | 43,188 | 2,357,633 | |
ViacomCBS, Inc.: | |||
Class A (b) | 8,077 | 314,438 | |
Class B | 152,909 | 5,538,364 | |
WideOpenWest, Inc. (a) | 14,260 | 271,653 | |
141,249,290 | |||
Wireless Telecommunication Services - 0.2% | |||
Gogo, Inc. (a) | 17,548 | 285,330 | |
NII Holdings, Inc. (a)(c) | 11,652 | 3,030 | |
Shenandoah Telecommunications Co. | 12,430 | 343,565 | |
T-Mobile U.S., Inc. (a) | 153,126 | 17,614,084 | |
Telephone & Data Systems, Inc. | 25,331 | 474,703 | |
U.S. Cellular Corp. (a) | 3,662 | 111,947 | |
18,832,659 | |||
TOTAL COMMUNICATION SERVICES | 1,206,711,401 | ||
CONSUMER DISCRETIONARY - 12.6% | |||
Auto Components - 0.3% | |||
Adient PLC (a) | 24,267 | 1,009,993 | |
American Axle & Manufacturing Holdings, Inc. (a)(b) | 28,834 | 261,813 | |
Aptiv PLC (a) | 70,701 | 12,223,496 | |
Autoliv, Inc. | 20,364 | 1,972,253 | |
BorgWarner, Inc. | 61,969 | 2,792,943 | |
Cooper-Standard Holding, Inc. (a) | 4,192 | 108,740 | |
Dana, Inc. | 37,040 | 821,918 | |
Dorman Products, Inc. (a) | 7,401 | 772,516 | |
Fox Factory Holding Corp. (a) | 11,098 | 1,786,223 | |
Gentex Corp. | 62,252 | 2,203,098 | |
Gentherm, Inc. (a) | 8,409 | 619,155 | |
LCI Industries (b) | 6,817 | 951,926 | |
Lear Corp. | 15,466 | 2,657,832 | |
Modine Manufacturing Co. (a) | 13,429 | 147,719 | |
Motorcar Parts of America, Inc. (a)(b) | 5,179 | 97,987 | |
Patrick Industries, Inc. | 5,790 | 451,099 | |
Standard Motor Products, Inc. | 4,817 | 230,734 | |
Stoneridge, Inc. (a)(b) | 6,211 | 117,885 | |
Tenneco, Inc. (a) | 19,855 | 263,476 | |
The Goodyear Tire & Rubber Co. (a) | 74,709 | 1,428,436 | |
Veoneer, Inc. (a)(b) | 25,877 | 910,870 | |
Visteon Corp. (a) | 7,012 | 793,618 | |
XPEL, Inc. (a) | 4,197 | 318,552 | |
32,942,282 | |||
Automobiles - 2.2% | |||
Ford Motor Co. | 1,024,069 | 17,491,099 | |
General Motors Co. (a) | 378,940 | 20,625,704 | |
Harley-Davidson, Inc. | 39,599 | 1,444,968 | |
Tesla, Inc. (a) | 211,597 | 235,719,058 | |
Thor Industries, Inc. | 14,621 | 1,490,757 | |
Winnebago Industries, Inc. | 8,468 | 573,199 | |
Workhorse Group, Inc. (a)(b) | 27,557 | 185,459 | |
277,530,244 | |||
Distributors - 0.1% | |||
Funko, Inc. (a) | 5,531 | 90,653 | |
Genuine Parts Co. | 37,122 | 4,867,065 | |
LKQ Corp. | 70,303 | 3,872,289 | |
Pool Corp. | 10,464 | 5,390,634 | |
14,220,641 | |||
Diversified Consumer Services - 0.1% | |||
2U, Inc. (a) | 18,642 | 550,685 | |
Adtalem Global Education, Inc. (a) | 13,568 | 501,066 | |
American Public Education, Inc. (a) | 4,767 | 119,127 | |
Aspen Group, Inc. (a) | 5,146 | 24,444 | |
Bright Horizons Family Solutions, Inc. (a) | 15,989 | 2,654,174 | |
Carriage Services, Inc. | 5,037 | 259,154 | |
Chegg, Inc. (a) | 37,037 | 2,201,479 | |
Frontdoor, Inc. (a) | 21,885 | 815,873 | |
Graham Holdings Co. (b) | 1,033 | 605,183 | |
Grand Canyon Education, Inc. (a) | 11,974 | 954,328 | |
H&R Block, Inc. | 45,966 | 1,060,436 | |
Houghton Mifflin Harcourt Co. (a) | 34,320 | 487,001 | |
Laureate Education, Inc. Class A | 27,627 | 478,500 | |
OneSpaWorld Holdings Ltd. (a)(b) | 11,702 | 126,382 | |
Perdoceo Education Corp. (a) | 18,121 | 192,445 | |
Regis Corp. (a)(b) | 4,615 | 12,461 | |
Service Corp. International | 43,190 | 2,958,083 | |
Strategic Education, Inc. | 6,305 | 430,064 | |
Stride, Inc. (a) | 10,920 | 387,660 | |
Terminix Global Holdings, Inc. (a) | 32,526 | 1,316,652 | |
Vivint Smart Home, Inc. Class A (a)(b) | 11,942 | 108,314 | |
WW International, Inc. (a)(b) | 12,379 | 214,899 | |
Xpresspa Group, Inc. (a)(b) | 24,220 | 32,213 | |
16,490,623 | |||
Hotels, Restaurants & Leisure - 2.1% | |||
Accel Entertainment, Inc. (a) | 14,065 | 171,312 | |
Airbnb, Inc. Class A | 87,866 | 14,995,212 | |
ARAMARK Holdings Corp. | 69,564 | 2,537,695 | |
Bally's Corp. (a) | 7,276 | 333,314 | |
BJ's Restaurants, Inc. (a)(b) | 5,895 | 196,421 | |
Bloomin' Brands, Inc. (a)(b) | 20,296 | 438,800 | |
Booking Holdings, Inc. (a) | 10,714 | 25,936,237 | |
Boyd Gaming Corp. (a) | 20,848 | 1,329,685 | |
Brinker International, Inc. (a) | 11,394 | 478,092 | |
Caesars Entertainment, Inc. (a) | 55,376 | 6,061,457 | |
Carnival Corp. (a) | 209,528 | 4,643,140 | |
Carrols Restaurant Group, Inc. | 7,427 | 27,257 | |
Century Casinos, Inc. (a) | 6,874 | 101,735 | |
Chipotle Mexican Grill, Inc. (a) | 7,330 | 13,040,290 | |
Choice Hotels International, Inc. | 8,499 | 1,195,129 | |
Churchill Downs, Inc. | 8,901 | 2,047,230 | |
Chuy's Holdings, Inc. (a)(b) | 5,172 | 150,816 | |
Cracker Barrel Old Country Store, Inc. | 6,146 | 818,463 | |
Darden Restaurants, Inc. | 34,214 | 4,931,606 | |
Dave & Buster's Entertainment, Inc. (a) | 10,246 | 380,434 | |
Del Taco Restaurants, Inc. | 7,875 | 65,678 | |
Denny's Corp. (a)(b) | 15,963 | 253,812 | |
Dine Brands Global, Inc. (a) | 4,205 | 355,365 | |
Domino's Pizza, Inc. | 9,617 | 4,702,424 | |
DraftKings, Inc. Class A (a)(b) | 86,594 | 4,034,414 | |
Drive Shack, Inc. (a) | 19,437 | 50,536 | |
El Pollo Loco Holdings, Inc. (a) | 4,411 | 64,842 | |
Everi Holdings, Inc. (a)(b) | 22,237 | 533,688 | |
Expedia, Inc. (a) | 38,455 | 6,322,387 | |
Fiesta Restaurant Group, Inc. (a)(b) | 3,604 | 37,986 | |
GAN Ltd. (a)(b) | 11,539 | 164,777 | |
Golden Entertainment, Inc. (a) | 5,336 | 277,312 | |
Hilton Grand Vacations, Inc. (a) | 22,918 | 1,152,317 | |
Hilton Worldwide Holdings, Inc. (a) | 72,811 | 10,481,143 | |
Hyatt Hotels Corp. Class A (a) | 12,506 | 1,065,511 | |
Jack in the Box, Inc. | 5,864 | 580,243 | |
Las Vegas Sands Corp. (a) | 90,126 | 3,497,790 | |
Lindblad Expeditions Holdings (a) | 7,367 | 110,137 | |
Marriott International, Inc. Class A (a) | 71,464 | 11,435,669 | |
Marriott Vacations Worldwide Corp. | 11,143 | 1,751,902 | |
McDonald's Corp. | 194,540 | 47,769,297 | |
MGM Resorts International | 103,993 | 4,904,310 | |
Monarch Casino & Resort, Inc. (a) | 3,345 | 241,576 | |
Noodles & Co. (a) | 9,091 | 110,456 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 95,634 | 2,459,706 | |
Papa John's International, Inc. | 8,358 | 1,037,061 | |
Penn National Gaming, Inc. (a) | 40,500 | 2,899,800 | |
Planet Fitness, Inc. (a) | 21,506 | 1,710,802 | |
Playa Hotels & Resorts NV (a) | 35,943 | 305,875 | |
PlayAGS, Inc. (a) | 8,714 | 76,857 | |
RCI Hospitality Holdings, Inc. | 2,004 | 135,871 | |
Red Robin Gourmet Burgers, Inc. (a)(b) | 3,746 | 74,433 | |
Red Rock Resorts, Inc. (a) | 15,621 | 849,939 | |
Royal Caribbean Cruises Ltd. (a) | 58,778 | 4,962,627 | |
Ruth's Hospitality Group, Inc. (a) | 7,904 | 152,863 | |
Scientific Games Corp. Class A (a) | 24,842 | 1,988,602 | |
SeaWorld Entertainment, Inc. (a) | 13,047 | 828,485 | |
Shake Shack, Inc. Class A (a) | 10,222 | 707,056 | |
Six Flags Entertainment Corp. (a) | 21,565 | 886,968 | |
Starbucks Corp. | 307,256 | 32,590,644 | |
Texas Roadhouse, Inc. Class A | 18,170 | 1,613,678 | |
The Cheesecake Factory, Inc. (a) | 13,118 | 533,116 | |
Travel+Leisure Co. | 22,681 | 1,232,486 | |
Vail Resorts, Inc. | 10,473 | 3,610,148 | |
Wendy's Co. | 45,594 | 1,016,746 | |
Wingstop, Inc. | 7,780 | 1,341,817 | |
Wyndham Hotels & Resorts, Inc. | 24,163 | 2,041,049 | |
Wynn Resorts Ltd. (a) | 28,068 | 2,520,506 | |
Yum! Brands, Inc. | 77,055 | 9,627,252 | |
254,982,284 | |||
Household Durables - 0.5% | |||
Bassett Furniture Industries, Inc. | 2,058 | 34,760 | |
Beazer Homes U.S.A., Inc. (a) | 7,857 | 142,290 | |
Casper Sleep, Inc. (a)(b) | 4,442 | 16,169 | |
Cavco Industries, Inc. (a) | 2,156 | 518,259 | |
Century Communities, Inc. | 8,173 | 548,081 | |
D.R. Horton, Inc. | 85,399 | 7,623,569 | |
Dream Finders Homes, Inc. (b) | 5,454 | 86,555 | |
Ethan Allen Interiors, Inc. (b) | 5,074 | 117,768 | |
Flexsteel Industries, Inc. | 1,611 | 45,108 | |
Garmin Ltd. | 39,761 | 5,709,680 | |
GoPro, Inc. Class A (a) | 34,034 | 293,033 | |
Green Brick Partners, Inc. (a) | 12,371 | 322,265 | |
Helen of Troy Ltd. (a)(b) | 6,274 | 1,411,336 | |
Hooker Furnishings Corp. | 3,635 | 91,638 | |
Hovnanian Enterprises, Inc. Class A (a) | 1,134 | 95,551 | |
Installed Building Products, Inc. | 5,903 | 749,976 | |
iRobot Corp. (a)(b) | 7,228 | 602,960 | |
KB Home | 24,360 | 978,054 | |
La-Z-Boy, Inc. | 12,722 | 422,879 | |
Leggett & Platt, Inc. | 34,556 | 1,618,949 | |
Lennar Corp.: | |||
Class A | 67,570 | 6,752,270 | |
Class B | 8,976 | 736,750 | |
LGI Homes, Inc. (a)(b) | 5,807 | 866,985 | |
Lovesac (a)(b) | 3,549 | 276,857 | |
M.D.C. Holdings, Inc. | 15,744 | 771,141 | |
M/I Homes, Inc. (a) | 7,643 | 437,638 | |
Meritage Homes Corp. (a) | 9,644 | 1,048,399 | |
Mohawk Industries, Inc. (a) | 14,416 | 2,554,659 | |
Newell Brands, Inc. | 100,550 | 2,301,590 | |
NVR, Inc. (a) | 886 | 4,336,793 | |
PulteGroup, Inc. | 67,013 | 3,221,985 | |
Purple Innovation, Inc. (a)(b) | 14,801 | 285,659 | |
Skyline Champion Corp. (a) | 13,913 | 880,971 | |
Sonos, Inc. (a) | 32,430 | 1,057,867 | |
Taylor Morrison Home Corp. (a) | 33,173 | 1,012,772 | |
Tempur Sealy International, Inc. | 51,137 | 2,274,062 | |
Toll Brothers, Inc. | 30,038 | 1,807,386 | |
TopBuild Corp. (a) | 8,690 | 2,233,069 | |
TRI Pointe Homes, Inc. (a) | 29,709 | 718,661 | |
Tupperware Brands Corp. (a)(b) | 12,890 | 286,674 | |
Universal Electronics, Inc. (a) | 3,491 | 143,759 | |
VOXX International Corp. (a)(b) | 4,376 | 49,493 | |
Vuzix Corp. (a)(b) | 17,427 | 186,295 | |
Whirlpool Corp. | 16,266 | 3,429,361 | |
ZAGG, Inc. rights (a)(c) | 5,004 | 450 | |
59,100,426 | |||
Internet & Direct Marketing Retail - 3.4% | |||
1-800-FLOWERS.com, Inc. Class A (a)(b) | 6,523 | 209,519 | |
Amazon.com, Inc. (a) | 113,570 | 383,006,875 | |
CarParts.com, Inc. (a)(b) | 13,156 | 200,366 | |
Chewy, Inc. (a)(b) | 22,427 | 1,699,967 | |
Duluth Holdings, Inc. (a)(b) | 2,607 | 37,358 | |
eBay, Inc. | 169,762 | 13,024,141 | |
Etsy, Inc. (a) | 32,973 | 8,266,001 | |
Groupon, Inc. (a)(b) | 5,519 | 117,113 | |
Lands' End, Inc. (a)(b) | 4,138 | 108,747 | |
Liquidity Services, Inc. (a) | 6,487 | 143,233 | |
Overstock.com, Inc. (a)(b) | 11,378 | 1,083,527 | |
PetMed Express, Inc. | 5,512 | 156,706 | |
Poshmark, Inc. (b) | 3,449 | 83,914 | |
Quotient Technology, Inc. (a) | 20,129 | 129,631 | |
Qurate Retail, Inc. Series A | 96,506 | 1,007,523 | |
Revolve Group, Inc. (a) | 9,820 | 736,893 | |
Shutterstock, Inc. | 6,081 | 736,713 | |
Stitch Fix, Inc. (a)(b) | 18,708 | 647,297 | |
The RealReal, Inc. (a) | 21,311 | 277,682 | |
Waitr Holdings, Inc. (a)(b) | 33,364 | 64,726 | |
Wayfair LLC Class A (a)(b) | 20,193 | 5,030,076 | |
416,768,008 | |||
Leisure Products - 0.2% | |||
Acushnet Holdings Corp. (b) | 8,572 | 436,658 | |
American Outdoor Brands, Inc. (a) | 4,211 | 95,927 | |
AMMO, Inc. (b) | 19,250 | 116,270 | |
Brunswick Corp. | 19,948 | 1,856,959 | |
Callaway Golf Co. (a) | 30,443 | 823,483 | |
Clarus Corp. (b) | 6,977 | 192,426 | |
Hasbro, Inc. | 34,080 | 3,263,501 | |
Johnson Outdoors, Inc. Class A | 1,833 | 194,628 | |
Malibu Boats, Inc. Class A (a) | 5,325 | 375,998 | |
MasterCraft Boat Holdings, Inc. (a) | 4,307 | 115,341 | |
Mattel, Inc. (a) | 90,639 | 1,976,837 | |
Nautilus, Inc. (a)(b) | 6,855 | 70,127 | |
Peloton Interactive, Inc. Class A (a) | 70,211 | 6,420,094 | |
Polaris, Inc. | 14,641 | 1,682,983 | |
Smith & Wesson Brands, Inc. | 13,363 | 287,305 | |
Sturm, Ruger& Co., Inc. | 4,356 | 343,601 | |
Vista Outdoor, Inc. (a) | 15,542 | 650,277 | |
YETI Holdings, Inc. (a) | 22,507 | 2,213,113 | |
21,115,528 | |||
Multiline Retail - 0.5% | |||
Big Lots, Inc. (b) | 8,650 | 382,763 | |
Dillard's, Inc. Class A (b) | 1,145 | 264,655 | |
Dollar General Corp. | 61,517 | 13,627,246 | |
Dollar Tree, Inc. (a) | 60,544 | 6,524,221 | |
Franchise Group, Inc. | 6,792 | 249,946 | |
Kohl's Corp. | 40,264 | 1,954,012 | |
Macy's, Inc. | 81,012 | 2,144,388 | |
Nordstrom, Inc. (a) | 29,118 | 836,560 | |
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 16,023 | 1,084,116 | |
Target Corp. | 128,927 | 33,472,028 | |
60,539,935 | |||
Specialty Retail - 2.4% | |||
Abercrombie & Fitch Co. Class A (a) | 15,730 | 621,964 | |
Academy Sports & Outdoors, Inc. | 22,246 | 951,684 | |
Advance Auto Parts, Inc. | 17,215 | 3,882,327 | |
America's Car Mart, Inc. (a) | 1,611 | 192,498 | |
American Eagle Outfitters, Inc. (b) | 38,939 | 924,412 | |
Asbury Automotive Group, Inc. (a) | 5,117 | 1,001,448 | |
AutoNation, Inc. (a)(b) | 11,211 | 1,357,876 | |
AutoZone, Inc. (a) | 5,609 | 10,011,168 | |
Barnes & Noble Education, Inc. (a)(b) | 8,156 | 84,659 | |
Bath & Body Works, Inc. | 68,600 | 4,739,574 | |
Bed Bath & Beyond, Inc. (a)(b) | 27,459 | 385,524 | |
Best Buy Co., Inc. | 58,963 | 7,207,637 | |
Big 5 Sporting Goods Corp. (b) | 5,235 | 126,582 | |
Boot Barn Holdings, Inc. (a) | 7,900 | 825,471 | |
Burlington Stores, Inc. (a) | 17,275 | 4,772,910 | |
Caleres, Inc. | 10,209 | 235,420 | |
Camping World Holdings, Inc. (b) | 10,855 | 404,349 | |
CarMax, Inc. (a) | 42,603 | 5,833,203 | |
Carvana Co. Class A (a)(b) | 22,073 | 6,692,092 | |
Chico's FAS, Inc. (a)(b) | 29,926 | 163,396 | |
Citi Trends, Inc. (a)(b) | 2,626 | 203,147 | |
Conn's, Inc. (a) | 4,801 | 106,918 | |
Designer Brands, Inc. Class A (a)(b) | 14,979 | 202,666 | |
Dick's Sporting Goods, Inc. | 16,919 | 2,101,509 | |
Five Below, Inc. (a) | 14,712 | 2,902,678 | |
Floor & Decor Holdings, Inc. Class A (a) | 27,686 | 3,763,081 | |
Foot Locker, Inc. | 23,302 | 1,110,806 | |
GameStop Corp. Class A (a)(b) | 16,197 | 2,972,311 | |
Gap, Inc. | 55,743 | 1,264,809 | |
Genesco, Inc. (a) | 3,965 | 240,239 | |
Group 1 Automotive, Inc. | 4,770 | 857,646 | |
GrowGeneration Corp. (a)(b) | 14,098 | 297,186 | |
Guess?, Inc. | 9,255 | 191,671 | |
Haverty Furniture Companies, Inc. | 4,330 | 124,271 | |
Hibbett, Inc. (b) | 3,966 | 307,127 | |
Leslie's, Inc. (b) | 33,958 | 702,251 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 7,970 | 2,544,183 | |
Lowe's Companies, Inc. | 184,325 | 43,098,872 | |
Lumber Liquidators Holdings, Inc. (a)(b) | 6,937 | 125,421 | |
MarineMax, Inc. (a)(b) | 5,526 | 286,192 | |
Monro, Inc. (b) | 8,208 | 506,926 | |
Murphy U.S.A., Inc. | 6,136 | 999,861 | |
National Vision Holdings, Inc. (a)(b) | 21,378 | 1,317,740 | |
O'Reilly Automotive, Inc.(a) | 17,993 | 11,197,404 | |
OneWater Marine, Inc. Class A | 2,255 | 99,987 | |
Party City Holdco, Inc. (a)(b) | 27,207 | 197,795 | |
Penske Automotive Group, Inc. | 8,063 | 855,081 | |
Petco Health & Wellness Co., Inc. (b) | 21,275 | 526,131 | |
Rent-A-Center, Inc. | 15,791 | 841,029 | |
RH (a) | 4,475 | 2,951,844 | |
Ross Stores, Inc. | 93,389 | 10,571,635 | |
Sally Beauty Holdings, Inc. (a)(b) | 28,292 | 431,736 | |
Shoe Carnival, Inc. | 4,120 | 139,544 | |
Signet Jewelers Ltd. | 13,743 | 1,225,601 | |
Sleep Number Corp. (a)(b) | 6,387 | 564,228 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 6,162 | 304,588 | |
Sportsman's Warehouse Holdings, Inc. (a) | 12,954 | 223,586 | |
The Aaron's Co., Inc. | 8,165 | 190,979 | |
The Buckle, Inc. | 8,129 | 338,329 | |
The Cato Corp. Class A (sub. vtg.) | 5,869 | 103,470 | |
The Children's Place, Inc. (a) | 3,613 | 299,482 | |
The Home Depot, Inc. | 277,109 | 103,012,500 | |
The ODP Corp. (a) | 12,272 | 531,378 | |
Tilly's, Inc. | 6,975 | 96,813 | |
TJX Companies, Inc. | 314,777 | 20,614,746 | |
Tractor Supply Co. | 29,967 | 6,507,933 | |
TravelCenters of America LLC (a) | 3,661 | 197,365 | |
Ulta Beauty, Inc. (a) | 14,316 | 5,259,126 | |
Urban Outfitters, Inc. (a) | 17,298 | 552,325 | |
Victoria's Secret & Co. (a) | 19,404 | 979,320 | |
Vroom, Inc. (a)(b) | 33,247 | 636,015 | |
Williams-Sonoma, Inc. | 19,745 | 3,667,239 | |
Winmark Corp. | 768 | 178,806 | |
Zumiez, Inc. (a) | 5,119 | 208,343 | |
290,146,063 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Capri Holdings Ltd. (a) | 39,082 | 2,080,726 | |
Carter's, Inc. | 12,103 | 1,192,388 | |
Columbia Sportswear Co. | 9,185 | 953,770 | |
Crocs, Inc. (a) | 16,397 | 2,647,296 | |
Deckers Outdoor Corp. (a) | 7,258 | 2,869,160 | |
Fossil Group, Inc. (a) | 12,490 | 147,632 | |
G-III Apparel Group Ltd. (a)(b) | 12,008 | 344,149 | |
Hanesbrands, Inc. | 89,260 | 1,520,990 | |
Kontoor Brands, Inc. | 12,631 | 669,443 | |
Lakeland Industries, Inc. (a)(b) | 1,881 | 39,332 | |
Levi Strauss & Co. Class A | 23,888 | 625,388 | |
lululemon athletica, Inc. (a) | 30,907 | 14,402,971 | |
Movado Group, Inc. (b) | 4,163 | 138,628 | |
NIKE, Inc. Class B | 333,229 | 55,745,879 | |
Oxford Industries, Inc. | 4,128 | 382,748 | |
PVH Corp. | 18,412 | 2,012,984 | |
Ralph Lauren Corp. | 12,770 | 1,623,961 | |
Samsonite International SA (a)(d) | 363,300 | 782,586 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 34,966 | 1,615,779 | |
Steven Madden Ltd. | 20,418 | 920,852 | |
Superior Group of Companies, Inc. | 2,637 | 68,536 | |
Tapestry, Inc. | 73,791 | 2,876,373 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 57,183 | 1,255,739 | |
Class C (non-vtg.) (a) | 44,035 | 831,381 | |
Unifi, Inc. (a) | 3,888 | 93,390 | |
Vera Bradley, Inc. (a) | 5,254 | 51,542 | |
VF Corp. | 85,118 | 6,203,400 | |
Wolverine World Wide, Inc. | 21,326 | 707,383 | |
102,804,406 | |||
TOTAL CONSUMER DISCRETIONARY | 1,546,640,440 | ||
CONSUMER STAPLES - 5.1% | |||
Beverages - 1.2% | |||
Boston Beer Co., Inc. Class A (a) | 2,479 | 1,220,858 | |
Brown-Forman Corp. Class B (non-vtg.) | 47,467 | 3,222,535 | |
Celsius Holdings, Inc. (a) | 9,802 | 946,089 | |
Coca-Cola Bottling Co. Consolidated | 1,209 | 485,293 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 44,019 | 9,543,759 | |
Keurig Dr. Pepper, Inc. | 192,761 | 6,956,744 | |
MGP Ingredients, Inc. | 3,388 | 217,543 | |
Molson Coors Beverage Co. Class B | 50,448 | 2,224,252 | |
Monster Beverage Corp. (a) | 98,108 | 8,339,180 | |
National Beverage Corp. (b) | 5,729 | 323,116 | |
Newage, Inc. (a)(b) | 30,286 | 44,823 | |
PepsiCo, Inc. | 359,941 | 58,166,466 | |
The Coca-Cola Co. | 1,011,706 | 57,029,867 | |
148,720,525 | |||
Food & Staples Retailing - 1.2% | |||
Andersons, Inc. | 7,434 | 253,202 | |
BJ's Wholesale Club Holdings, Inc. (a) | 35,293 | 2,062,523 | |
Blue Apron Holdings, Inc.: | |||
rights 10/28/21 (a)(c) | 2,361 | 0 | |
Class A (a)(b) | 2,361 | 21,603 | |
Casey's General Stores, Inc. | 9,809 | 1,878,816 | |
Chefs' Warehouse Holdings (a) | 8,148 | 284,121 | |
Costco Wholesale Corp. | 115,204 | 56,627,374 | |
Grocery Outlet Holding Corp. (a)(b) | 21,819 | 484,164 | |
Ingles Markets, Inc. Class A | 3,466 | 239,813 | |
Kroger Co. | 177,557 | 7,105,831 | |
Natural Grocers by Vitamin Cottage, Inc. | 3,943 | 48,026 | |
Performance Food Group Co. (a) | 39,806 | 1,800,425 | |
PriceSmart, Inc. | 6,829 | 491,347 | |
Rite Aid Corp. (a)(b) | 13,921 | 189,186 | |
SpartanNash Co. | 8,930 | 206,640 | |
Sprouts Farmers Market LLC (a) | 30,121 | 666,879 | |
Sysco Corp. | 133,741 | 10,284,683 | |
U.S. Foods Holding Corp. (a) | 57,338 | 1,987,908 | |
United Natural Foods, Inc. (a) | 14,695 | 637,616 | |
Walgreens Boots Alliance, Inc. | 187,618 | 8,821,798 | |
Walmart, Inc. | 372,106 | 55,600,079 | |
Weis Markets, Inc. | 4,143 | 233,292 | |
149,925,326 | |||
Food Products - 0.9% | |||
Archer Daniels Midland Co. | 146,609 | 9,418,162 | |
B&G Foods, Inc. Class A (b) | 16,094 | 473,807 | |
Beyond Meat, Inc. (a)(b) | 15,571 | 1,541,218 | |
Bunge Ltd. | 37,218 | 3,447,876 | |
Cal-Maine Foods, Inc. (a)(b) | 9,757 | 351,837 | |
Calavo Growers, Inc. | 4,411 | 177,322 | |
Campbell Soup Co. | 52,597 | 2,101,250 | |
Conagra Brands, Inc. | 126,366 | 4,068,985 | |
Darling Ingredients, Inc. (a) | 42,547 | 3,596,072 | |
Flowers Foods, Inc. | 53,617 | 1,327,021 | |
Fresh Del Monte Produce, Inc. | 7,850 | 262,897 | |
Freshpet, Inc. (a) | 11,384 | 1,774,879 | |
General Mills, Inc. | 158,435 | 9,791,283 | |
Hormel Foods Corp. | 73,898 | 3,127,363 | |
Hostess Brands, Inc. Class A (a) | 34,378 | 650,088 | |
Ingredion, Inc. | 17,286 | 1,646,146 | |
J&J Snack Foods Corp. (b) | 3,872 | 571,314 | |
John B. Sanfilippo & Son, Inc. | 2,544 | 214,968 | |
Kellogg Co. | 66,620 | 4,083,806 | |
Laird Superfood, Inc. (a)(b) | 652 | 11,384 | |
Lamb Weston Holdings, Inc. | 37,466 | 2,114,956 | |
Lancaster Colony Corp. | 5,109 | 868,530 | |
Landec Corp. (a) | 6,145 | 59,729 | |
McCormick & Co., Inc. (non-vtg.) | 65,696 | 5,270,790 | |
Mondelez International, Inc. | 364,209 | 22,122,055 | |
Pilgrim's Pride Corp. (a) | 12,687 | 357,266 | |
Post Holdings, Inc. (a) | 15,366 | 1,559,342 | |
Sanderson Farms, Inc. | 5,453 | 1,033,071 | |
Seaboard Corp. | 62 | 238,701 | |
Seneca Foods Corp. Class A (a) | 1,775 | 91,643 | |
The Hain Celestial Group, Inc. (a) | 21,746 | 975,743 | |
The Hershey Co. | 38,053 | 6,672,594 | |
The J.M. Smucker Co. | 28,495 | 3,500,896 | |
The Kraft Heinz Co. | 175,754 | 6,307,811 | |
The Simply Good Foods Co. (a) | 22,811 | 904,456 | |
Tootsie Roll Industries, Inc. (b) | 4,228 | 133,816 | |
TreeHouse Foods, Inc. (a)(b) | 14,898 | 538,414 | |
Tyson Foods, Inc. Class A | 77,084 | 6,164,407 | |
Vital Farms, Inc. (a)(b) | 4,562 | 74,908 | |
Whole Earth Brands, Inc. Class A (a)(b) | 12,713 | 154,209 | |
107,781,015 | |||
Household Products - 1.1% | |||
Central Garden & Pet Co. (a)(b) | 2,074 | 106,977 | |
Central Garden & Pet Co. Class A (non-vtg.) (a) | 10,950 | 505,890 | |
Church & Dwight Co., Inc. | 64,534 | 5,637,690 | |
Colgate-Palmolive Co. | 219,875 | 16,752,276 | |
Energizer Holdings, Inc. | 15,514 | 565,796 | |
Kimberly-Clark Corp. | 88,085 | 11,406,127 | |
Procter & Gamble Co. | 632,359 | 90,421,013 | |
Reynolds Consumer Products, Inc. | 13,093 | 353,249 | |
Spectrum Brands Holdings, Inc. | 11,021 | 1,033,219 | |
The Clorox Co. | 32,166 | 5,243,380 | |
WD-40 Co. (b) | 3,444 | 781,788 | |
132,807,405 | |||
Personal Products - 0.2% | |||
BellRing Brands, Inc. Class A (a)(b) | 10,504 | 281,717 | |
Coty, Inc. Class A (a) | 86,892 | 736,844 | |
Edgewell Personal Care Co. (b) | 14,404 | 503,996 | |
elf Beauty, Inc. (a)(b) | 13,283 | 429,174 | |
Estee Lauder Companies, Inc. Class A | 60,546 | 19,636,884 | |
Herbalife Nutrition Ltd. (a) | 26,366 | 1,223,382 | |
Inter Parfums, Inc. | 4,739 | 437,789 | |
MediFast, Inc. | 3,012 | 591,165 | |
Nu Skin Enterprises, Inc. Class A | 13,313 | 534,517 | |
The Honest Co., Inc. (b) | 7,686 | 70,327 | |
USANA Health Sciences, Inc. (a) | 3,023 | 293,412 | |
Veru, Inc. (a) | 14,505 | 118,506 | |
24,857,713 | |||
Tobacco - 0.5% | |||
22nd Century Group, Inc. (a)(b) | 34,212 | 93,741 | |
Altria Group, Inc. | 481,555 | 21,241,391 | |
Philip Morris International, Inc. | 406,615 | 38,441,382 | |
Turning Point Brands, Inc. (b) | 4,219 | 161,039 | |
Universal Corp. | 5,824 | 273,728 | |
Vector Group Ltd. | 32,136 | 426,123 | |
60,637,404 | |||
TOTAL CONSUMER STAPLES | 624,729,388 | ||
ENERGY - 2.7% | |||
Energy Equipment & Services - 0.2% | |||
Archrock, Inc. | 34,643 | 283,726 | |
Aspen Aerogels, Inc. (a) | 6,778 | 369,130 | |
Baker Hughes Co. Class A | 217,273 | 5,449,207 | |
Bristow Group, Inc. (a) | 6,004 | 207,738 | |
Cactus, Inc. | 15,772 | 686,082 | |
Championx Corp. (a) | 51,443 | 1,349,350 | |
Core Laboratories NV | 11,064 | 287,775 | |
DMC Global, Inc. (a)(b) | 5,455 | 227,910 | |
Dril-Quip, Inc. (a) | 10,241 | 241,278 | |
Expro Group Holdings NV (a)(b) | 8,330 | 142,860 | |
Halliburton Co. | 230,902 | 5,770,241 | |
Helix Energy Solutions Group, Inc. (a)(b) | 35,286 | 133,381 | |
Helmerich & Payne, Inc. | 27,440 | 851,738 | |
Liberty Oilfield Services, Inc. Class A (a)(b) | 28,155 | 363,763 | |
Nabors Industries Ltd. (a) | 2,045 | 209,613 | |
Newpark Resources, Inc. (a) | 19,393 | 65,936 | |
Nextier Oilfield Solutions, Inc. (a) | 44,329 | 197,707 | |
NOV, Inc. (a) | 102,756 | 1,440,639 | |
Oceaneering International, Inc. (a) | 24,507 | 333,295 | |
Oil States International, Inc. (a) | 15,609 | 94,591 | |
Patterson-UTI Energy, Inc. | 46,345 | 396,713 | |
ProPetro Holding Corp. (a) | 22,724 | 217,923 | |
RPC, Inc. (a)(b) | 14,455 | 77,912 | |
Schlumberger Ltd. | 366,468 | 11,822,258 | |
Select Energy Services, Inc. Class A (a) | 14,860 | 89,309 | |
Solaris Oilfield Infrastructure, Inc. Class A | 6,688 | 50,762 | |
TechnipFMC PLC (a) | 106,496 | 784,876 | |
TETRA Technologies, Inc. (a) | 32,237 | 104,126 | |
Tidewater, Inc. (a)(b) | 9,561 | 115,975 | |
Transocean Ltd. (United States) (a)(b) | 158,221 | 558,520 | |
U.S. Silica Holdings, Inc. (a) | 18,441 | 178,509 | |
33,102,843 | |||
Oil, Gas & Consumable Fuels - 2.5% | |||
Alto Ingredients, Inc. (a)(b) | 17,710 | 94,217 | |
Antero Resources Corp. (a) | 74,371 | 1,477,752 | |
APA Corp. | 97,347 | 2,551,465 | |
Arch Resources, Inc. (b) | 3,845 | 350,203 | |
Berry Corp. | 15,930 | 153,087 | |
Bonanza Creek Energy, Inc. | 8,095 | 454,453 | |
Brigham Minerals, Inc. Class A | 13,726 | 318,169 | |
Callon Petroleum Co. (a) | 10,131 | 524,077 | |
Centennial Resource Development, Inc. Class A (a)(b) | 51,061 | 367,639 | |
Cheniere Energy, Inc. | 61,843 | 6,394,566 | |
Chevron Corp. | 504,039 | 57,707,425 | |
Clean Energy Fuels Corp. (a)(b) | 44,232 | 407,819 | |
CNX Resources Corp. (a)(b) | 54,631 | 798,159 | |
Comstock Resources, Inc. (a) | 24,290 | 239,742 | |
ConocoPhillips Co. | 349,573 | 26,039,693 | |
CONSOL Energy, Inc. (a) | 8,413 | 231,442 | |
Contango Oil & Gas Co. (a)(b) | 33,829 | 139,714 | |
Continental Resources, Inc. | 15,097 | 736,885 | |
Coterra Energy, Inc. | 103,144 | 2,199,030 | |
CVR Energy, Inc. (b) | 7,010 | 134,382 | |
Delek U.S. Holdings, Inc. (a) | 19,703 | 383,223 | |
Denbury, Inc. (a) | 13,331 | 1,128,602 | |
Devon Energy Corp. | 164,793 | 6,604,903 | |
Diamondback Energy, Inc. | 44,137 | 4,731,045 | |
DT Midstream, Inc. | 25,112 | 1,204,372 | |
EOG Resources, Inc. | 152,516 | 14,101,629 | |
EQT Corp. (a) | 72,847 | 1,450,384 | |
Equitrans Midstream Corp. | 106,016 | 1,093,025 | |
Exxon Mobil Corp. | 1,103,938 | 71,170,883 | |
Green Plains, Inc. (a)(b) | 13,993 | 531,034 | |
Hess Corp. | 72,061 | 5,950,077 | |
HollyFrontier Corp. | 37,969 | 1,283,352 | |
International Seaways, Inc. | 11,283 | 198,017 | |
Kinder Morgan, Inc. | 509,705 | 8,537,559 | |
Kosmos Energy Ltd. (a) | 102,280 | 368,208 | |
Laredo Petroleum, Inc. (a)(b) | 3,507 | 264,428 | |
Magnolia Oil & Gas Corp. Class A | 37,277 | 778,344 | |
Marathon Oil Corp. | 207,467 | 3,385,861 | |
Marathon Petroleum Corp. | 166,547 | 10,980,444 | |
Matador Resources Co. | 29,016 | 1,214,320 | |
Murphy Oil Corp. | 38,576 | 1,073,570 | |
National Energy Services Reunited Corp. (a)(b) | 9,369 | 109,617 | |
Northern Oil & Gas, Inc. | 13,949 | 323,059 | |
Occidental Petroleum Corp. | 232,042 | 7,780,368 | |
ONEOK, Inc. | 115,884 | 7,372,540 | |
Ovintiv, Inc. | 68,052 | 2,553,311 | |
Par Pacific Holdings, Inc. (a) | 11,124 | 171,977 | |
PBF Energy, Inc. Class A (a) | 24,600 | 359,406 | |
PDC Energy, Inc. | 25,466 | 1,332,126 | |
Peabody Energy Corp. (a) | 21,858 | 259,892 | |
Phillips 66 Co. | 114,217 | 8,541,147 | |
Pioneer Natural Resources Co. | 59,268 | 11,081,931 | |
Range Resources Corp. (a) | 68,275 | 1,592,173 | |
Ranger Oil Corp. (a) | 3,655 | 120,761 | |
Renewable Energy Group, Inc. (a) | 13,158 | 842,112 | |
Rex American Resources Corp. (a) | 1,370 | 120,492 | |
SM Energy Co. | 31,198 | 1,070,715 | |
Southwestern Energy Co. (a) | 175,527 | 856,572 | |
Talos Energy, Inc. (a) | 11,959 | 155,108 | |
Targa Resources Corp. | 59,641 | 3,260,573 | |
Teekay Corp. (a) | 20,995 | 74,322 | |
Teekay Tankers Ltd. (a)(b) | 6,971 | 96,757 | |
Tellurian, Inc. (a)(b) | 99,070 | 388,354 | |
The Williams Companies, Inc. | 317,742 | 8,925,373 | |
Uranium Energy Corp. (a)(b) | 62,904 | 234,003 | |
Valero Energy Corp. | 107,106 | 8,282,507 | |
W&T Offshore, Inc. (a) | 21,580 | 88,694 | |
World Fuel Services Corp. | 16,095 | 491,380 | |
304,238,469 | |||
TOTAL ENERGY | 337,341,312 | ||
FINANCIALS - 11.9% | |||
Banks - 4.4% | |||
1st Source Corp. | 3,680 | 177,670 | |
Allegiance Bancshares, Inc. | 5,293 | 207,327 | |
Ameris Bancorp | 17,463 | 914,887 | |
Associated Banc-Corp. | 40,575 | 904,011 | |
Atlantic Union Bankshares Corp. | 20,870 | 748,607 | |
Banc of California, Inc. | 12,619 | 256,544 | |
BancFirst Corp. | 4,688 | 304,767 | |
Bancorp, Inc., Delaware (a) | 14,322 | 437,537 | |
Bank of America Corp. | 1,930,679 | 92,247,843 | |
Bank of Hawaii Corp. | 10,631 | 898,320 | |
Bank OZK | 31,747 | 1,418,138 | |
BankUnited, Inc. | 26,243 | 1,064,416 | |
Banner Corp. | 9,505 | 549,009 | |
Berkshire Hills Bancorp, Inc. | 14,003 | 380,181 | |
BOK Financial Corp. | 8,125 | 822,006 | |
Brookline Bancorp, Inc., Delaware | 18,776 | 301,355 | |
Bryn Mawr Bank Corp. | 4,662 | 216,037 | |
Cadence Bank | 28,710 | 833,164 | |
Camden National Corp. | 3,358 | 159,841 | |
Cathay General Bancorp | 20,841 | 879,282 | |
Central Pacific Financial Corp. | 6,096 | 167,579 | |
CIT Group, Inc. | 25,675 | 1,271,683 | |
Citigroup, Inc. | 528,546 | 36,554,241 | |
Citizens Financial Group, Inc. | 112,469 | 5,328,781 | |
City Holding Co. | 3,715 | 295,640 | |
Columbia Banking Systems, Inc. (b) | 18,878 | 644,306 | |
Comerica, Inc. | 34,530 | 2,938,158 | |
Commerce Bancshares, Inc. | 27,845 | 1,963,351 | |
Community Bank System, Inc. | 13,657 | 978,797 | |
Community Trust Bancorp, Inc. | 3,056 | 133,486 | |
ConnectOne Bancorp, Inc. | 10,361 | 349,477 | |
CrossFirst Bankshares, Inc. (a) | 10,288 | 146,398 | |
Cullen/Frost Bankers, Inc. | 14,407 | 1,865,707 | |
Customers Bancorp, Inc. (a) | 8,548 | 455,523 | |
CVB Financial Corp. | 33,038 | 661,421 | |
Dime Community Bancshares, Inc. (b) | 9,573 | 341,565 | |
Eagle Bancorp, Inc. | 7,971 | 451,079 | |
East West Bancorp, Inc. | 37,707 | 2,996,952 | |
Eastern Bankshares, Inc. | 44,646 | 927,297 | |
Enterprise Financial Services Corp. | 10,695 | 502,879 | |
FB Financial Corp. | 9,960 | 451,487 | |
Fifth Third Bancorp | 179,508 | 7,813,983 | |
First Bancorp, North Carolina | 7,936 | 384,261 | |
First Bancorp, Puerto Rico | 54,413 | 742,737 | |
First Bancshares, Inc. | 5,109 | 205,637 | |
First Busey Corp. | 13,443 | 342,662 | |
First Citizens Bancshares, Inc. (b) | 1,848 | 1,504,087 | |
First Commonwealth Financial Corp. | 28,076 | 429,563 | |
First Financial Bancorp, Ohio | 26,112 | 620,943 | |
First Financial Bankshares, Inc. | 33,552 | 1,701,757 | |
First Financial Corp., Indiana | 2,595 | 111,196 | |
First Foundation, Inc. | 9,716 | 258,543 | |
First Hawaiian, Inc. | 34,142 | 941,978 | |
First Horizon National Corp. | 142,960 | 2,426,031 | |
First Interstate Bancsystem, Inc. | 9,147 | 380,241 | |
First Merchants Corp. | 14,341 | 596,299 | |
First Midwest Bancorp, Inc., Delaware | 27,790 | 534,958 | |
First Republic Bank | 46,186 | 9,991,417 | |
Five Star Bancorp | 2,181 | 59,803 | |
Flushing Financial Corp. | 7,540 | 181,111 | |
FNB Corp., Pennsylvania | 83,356 | 971,097 | |
Fulton Financial Corp. | 40,196 | 647,156 | |
German American Bancorp, Inc. | 6,120 | 241,250 | |
Glacier Bancorp, Inc. | 25,633 | 1,417,249 | |
Great Southern Bancorp, Inc. | 2,261 | 127,588 | |
Great Western Bancorp, Inc. | 15,035 | 511,942 | |
Hancock Whitney Corp. | 22,693 | 1,122,850 | |
Hanmi Financial Corp. | 7,435 | 164,983 | |
HarborOne Bancorp, Inc. | 13,521 | 194,297 | |
Heartland Financial U.S.A., Inc. | 9,639 | 483,107 | |
Heritage Commerce Corp. | 14,178 | 169,994 | |
Heritage Financial Corp., Washington | 7,957 | 197,652 | |
Hilltop Holdings, Inc. | 17,032 | 603,614 | |
Home Bancshares, Inc. | 37,998 | 902,832 | |
Hope Bancorp, Inc. | 33,335 | 486,358 | |
Horizon Bancorp, Inc. Indiana | 8,147 | 155,363 | |
Huntington Bancshares, Inc. | 388,378 | 6,113,070 | |
Independent Bank Corp. | 4,722 | 106,387 | |
Independent Bank Corp., Massachusetts | 8,598 | 726,531 | |
Independent Bank Group, Inc. | 10,673 | 771,551 | |
International Bancshares Corp. | 14,519 | 615,606 | |
Investors Bancorp, Inc. | 59,225 | 906,143 | |
JPMorgan Chase & Co. | 778,964 | 132,338,194 | |
KeyCorp | 253,107 | 5,889,800 | |
Lakeland Bancorp, Inc. | 10,958 | 197,025 | |
Lakeland Financial Corp. (b) | 6,615 | 475,420 | |
Live Oak Bancshares, Inc. (b) | 8,207 | 731,900 | |
M&T Bank Corp. | 33,837 | 4,978,099 | |
Midland States Bancorp, Inc. | 4,640 | 119,062 | |
National Bank Holdings Corp. | 7,361 | 319,247 | |
NBT Bancorp, Inc. | 10,551 | 387,116 | |
Nicolet Bankshares, Inc. (a) | 2,603 | 187,130 | |
OceanFirst Financial Corp. | 14,505 | 321,576 | |
OFG Bancorp | 14,165 | 366,874 | |
Old National Bancorp, Indiana (b) | 42,804 | 731,092 | |
Origin Bancorp, Inc. | 4,990 | 222,554 | |
Pacific Premier Bancorp, Inc. | 27,011 | 1,134,192 | |
PacWest Bancorp | 29,764 | 1,412,897 | |
Park National Corp. | 3,422 | 440,035 | |
Peoples Bancorp, Inc. | 8,186 | 261,625 | |
Peoples United Financial, Inc. | 112,115 | 1,921,651 | |
Pinnacle Financial Partners, Inc. | 19,629 | 1,895,573 | |
PNC Financial Services Group, Inc. | 110,903 | 23,403,860 | |
Popular, Inc. | 20,779 | 1,692,242 | |
Preferred Bank, Los Angeles | 3,880 | 266,052 | |
Prosperity Bancshares, Inc. | 23,711 | 1,785,675 | |
QCR Holdings, Inc. | 3,470 | 191,336 | |
Regions Financial Corp. | 252,435 | 5,977,661 | |
Renasant Corp. (b) | 14,131 | 528,641 | |
S&T Bancorp, Inc. | 10,663 | 325,861 | |
Sandy Spring Bancorp, Inc. | 12,493 | 592,918 | |
Seacoast Banking Corp., Florida | 13,443 | 489,728 | |
ServisFirst Bancshares, Inc. | 14,008 | 1,124,982 | |
Signature Bank | 15,744 | 4,688,878 | |
Silvergate Capital Corp. (a) | 6,817 | 1,067,679 | |
Simmons First National Corp. Class A | 29,037 | 867,916 | |
Southside Bancshares, Inc. | 7,531 | 311,181 | |
Southstate Corp. | 18,291 | 1,428,344 | |
Sterling Bancorp | 50,666 | 1,289,450 | |
Stock Yards Bancorp, Inc. | 6,333 | 387,896 | |
SVB Financial Group (a) | 15,343 | 11,007,068 | |
Synovus Financial Corp. | 38,349 | 1,786,680 | |
Texas Capital Bancshares, Inc. (a) | 13,336 | 808,162 | |
Tompkins Financial Corp. | 3,424 | 281,145 | |
TowneBank | 16,523 | 520,805 | |
Trico Bancshares | 7,770 | 340,559 | |
TriState Capital Holdings, Inc. (a) | 8,421 | 253,051 | |
Triumph Bancorp, Inc. (a) | 5,967 | 699,929 | |
Truist Financial Corp. | 348,664 | 22,129,704 | |
Trustmark Corp. | 15,910 | 506,097 | |
U.S. Bancorp | 352,314 | 21,269,196 | |
UMB Financial Corp. | 11,091 | 1,096,013 | |
Umpqua Holdings Corp. | 57,517 | 1,176,223 | |
United Bankshares, Inc., West Virginia | 32,692 | 1,209,277 | |
United Community Bank, Inc. | 23,449 | 816,963 | |
Univest Corp. of Pennsylvania | 7,262 | 208,419 | |
Valley National Bancorp | 104,908 | 1,391,080 | |
Veritex Holdings, Inc. | 14,573 | 596,764 | |
Washington Trust Bancorp, Inc. | 3,825 | 209,075 | |
Webster Financial Corp. | 23,880 | 1,336,325 | |
Wells Fargo & Co. | 1,070,995 | 54,792,104 | |
WesBanco, Inc. | 17,781 | 618,245 | |
Westamerica Bancorp. | 6,256 | 348,835 | |
Western Alliance Bancorp. | 26,896 | 3,122,357 | |
Wintrust Financial Corp. | 14,724 | 1,303,074 | |
Zions Bancorp NA | 41,887 | 2,638,462 | |
541,227,550 | |||
Capital Markets - 3.3% | |||
Affiliated Managers Group, Inc. | 10,667 | 1,790,776 | |
Ameriprise Financial, Inc. | 29,735 | 8,983,836 | |
Apollo Global Management LLC Class A | 54,756 | 4,213,474 | |
Ares Management Corp. | 42,806 | 3,627,380 | |
Artisan Partners Asset Management, Inc. | 17,413 | 862,640 | |
Assetmark Financial Holdings, Inc. (a) | 4,688 | 120,200 | |
B. Riley Financial, Inc. | 4,563 | 326,985 | |
Bank of New York Mellon Corp. | 207,145 | 12,262,984 | |
BGC Partners, Inc. Class A | 95,285 | 511,680 | |
BlackRock, Inc. Class A | 37,277 | 35,169,358 | |
Blackstone, Inc. | 178,942 | 24,769,152 | |
Blucora, Inc. (a) | 11,383 | 188,047 | |
BrightSphere Investment Group, Inc. | 15,188 | 455,336 | |
Carlyle Group LP | 35,637 | 2,001,018 | |
Cboe Global Markets, Inc. | 27,681 | 3,652,231 | |
Charles Schwab Corp. | 391,522 | 32,116,550 | |
CME Group, Inc. | 93,570 | 20,636,864 | |
Cohen & Steers, Inc. | 6,732 | 638,799 | |
Coinbase Global, Inc. (a) | 7,403 | 2,364,666 | |
Cowen Group, Inc. Class A | 6,988 | 263,657 | |
Diamond Hill Investment Group, Inc. | 824 | 178,693 | |
Donnelley Financial Solutions, Inc. (a) | 7,283 | 279,085 | |
Evercore, Inc. Class A | 10,237 | 1,554,386 | |
FactSet Research Systems, Inc. | 9,862 | 4,377,643 | |
Federated Hermes, Inc. | 26,074 | 868,525 | |
Focus Financial Partners, Inc. Class A (a) | 13,215 | 830,695 | |
Franklin Resources, Inc. | 73,013 | 2,299,179 | |
Goldman Sachs Group, Inc. | 87,868 | 36,320,238 | |
Greenhill & Co., Inc. (b) | 3,173 | 49,880 | |
Hamilton Lane, Inc. Class A | 9,133 | 954,490 | |
Houlihan Lokey | 13,149 | 1,473,740 | |
Interactive Brokers Group, Inc. | 22,634 | 1,603,619 | |
Intercontinental Exchange, Inc. | 146,617 | 20,300,590 | |
Invesco Ltd. | 88,284 | 2,243,296 | |
Janus Henderson Group PLC | 45,172 | 2,100,498 | |
Jefferies Financial Group, Inc. | 51,705 | 2,223,315 | |
KKR & Co. LP | 152,042 | 12,113,186 | |
Lazard Ltd. Class A | 29,659 | 1,452,994 | |
LPL Financial | 20,834 | 3,417,193 | |
MarketAxess Holdings, Inc. | 9,958 | 4,069,536 | |
Moelis & Co. Class A | 15,668 | 1,139,690 | |
Moody's Corp. | 42,164 | 17,040,581 | |
Morgan Stanley | 380,545 | 39,112,415 | |
Morningstar, Inc. | 6,147 | 1,947,062 | |
MSCI, Inc. | 21,502 | 14,296,250 | |
NASDAQ, Inc. | 30,495 | 6,399,986 | |
Northern Trust Corp. | 54,581 | 6,715,646 | |
Open Lending Corp. (a) | 26,944 | 849,275 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 2,180 | 113,469 | |
Piper Jaffray Companies | 3,907 | 643,444 | |
PJT Partners, Inc. (b) | 6,443 | 526,973 | |
Raymond James Financial, Inc. | 48,585 | 4,789,995 | |
S&P Global, Inc. | 62,785 | 29,770,136 | |
Sculptor Capital Management, Inc. Class A | 5,150 | 136,475 | |
SEI Investments Co. | 27,863 | 1,756,484 | |
State Street Corp. | 95,588 | 9,420,197 | |
StepStone Group, Inc. Class A | 10,724 | 503,814 | |
Stifel Financial Corp. | 27,174 | 1,980,169 | |
StoneX Group, Inc. (a) | 4,055 | 280,241 | |
T. Rowe Price Group, Inc. | 59,116 | 12,821,078 | |
Tradeweb Markets, Inc. Class A | 27,605 | 2,459,606 | |
Victory Capital Holdings, Inc. | 4,116 | 155,996 | |
Virtu Financial, Inc. Class A | 23,207 | 577,390 | |
Virtus Investment Partners, Inc. | 1,950 | 624,000 | |
WisdomTree Investments, Inc. | 26,835 | 171,476 | |
407,898,262 | |||
Consumer Finance - 0.7% | |||
Ally Financial, Inc. | 94,824 | 4,526,898 | |
American Express Co. | 167,803 | 29,160,805 | |
Capital One Financial Corp. | 116,472 | 17,590,766 | |
Credit Acceptance Corp. (a)(b) | 2,298 | 1,374,687 | |
CURO Group Holdings Corp. | 6,864 | 117,924 | |
Discover Financial Services | 78,359 | 8,879,642 | |
Encore Capital Group, Inc. (a)(b) | 7,663 | 413,955 | |
Enova International, Inc. (a)(b) | 9,902 | 321,221 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 13,613 | 101,553 | |
First Cash Financial Services, Inc. | 10,574 | 935,482 | |
Green Dot Corp. Class A (a) | 15,334 | 649,548 | |
LendingClub Corp. (a) | 25,383 | 1,166,603 | |
LendingTree, Inc. (a)(b) | 3,097 | 499,825 | |
Navient Corp. | 42,994 | 846,982 | |
Nelnet, Inc. Class A | 5,163 | 426,619 | |
OneMain Holdings, Inc. | 26,331 | 1,390,540 | |
PRA Group, Inc. (a)(b) | 11,811 | 506,456 | |
PROG Holdings, Inc. | 16,992 | 687,326 | |
SLM Corp. | 79,008 | 1,449,797 | |
Synchrony Financial | 149,197 | 6,930,201 | |
Upstart Holdings, Inc. | 12,050 | 3,880,582 | |
World Acceptance Corp. (a)(b) | 956 | 177,233 | |
82,034,645 | |||
Diversified Financial Services - 1.2% | |||
A-Mark Precious Metals, Inc. | 2,150 | 161,229 | |
Berkshire Hathaway, Inc. Class B (a) | 482,667 | 138,530,256 | |
Cannae Holdings, Inc. (a) | 21,553 | 734,957 | |
Equitable Holdings, Inc. | 99,077 | 3,319,080 | |
Voya Financial, Inc. | 29,278 | 2,042,726 | |
144,788,248 | |||
Insurance - 2.0% | |||
AFLAC, Inc. | 160,640 | 8,621,549 | |
Alleghany Corp. (a) | 3,568 | 2,324,124 | |
Allstate Corp. | 77,043 | 9,527,908 | |
AMBAC Financial Group, Inc. (a) | 11,780 | 199,200 | |
American Equity Investment Life Holding Co. | 21,743 | 692,949 | |
American Financial Group, Inc. | 17,187 | 2,338,119 | |
American International Group, Inc. | 223,143 | 13,185,520 | |
American National Group, Inc. | 3,263 | 619,024 | |
Amerisafe, Inc. | 4,608 | 273,208 | |
Aon PLC | 58,863 | 18,831,451 | |
Arch Capital Group Ltd. (a) | 102,833 | 4,300,476 | |
Argo Group International Holdings, Ltd. | 8,588 | 473,199 | |
Arthur J. Gallagher & Co. | 53,784 | 9,017,963 | |
Assurant, Inc. | 15,180 | 2,448,686 | |
Assured Guaranty Ltd. | 18,626 | 1,035,233 | |
Athene Holding Ltd. (a) | 34,118 | 2,968,607 | |
Axis Capital Holdings Ltd. | 20,116 | 1,047,440 | |
Brighthouse Financial, Inc. (a) | 21,971 | 1,103,603 | |
Brown & Brown, Inc. | 60,775 | 3,835,510 | |
BRP Group, Inc. (a) | 13,556 | 494,794 | |
Chubb Ltd. | 114,309 | 22,333,692 | |
Cincinnati Financial Corp. | 39,332 | 4,776,478 | |
CNO Financial Group, Inc. | 33,725 | 814,122 | |
eHealth, Inc. (a) | 6,395 | 283,618 | |
Employers Holdings, Inc. | 6,952 | 268,347 | |
Enstar Group Ltd. (a) | 3,359 | 775,190 | |
Erie Indemnity Co. Class A | 6,490 | 1,335,707 | |
Everest Re Group Ltd. | 10,511 | 2,748,627 | |
Fidelity National Financial, Inc. | 74,099 | 3,550,083 | |
First American Financial Corp. | 29,094 | 2,127,935 | |
Genworth Financial, Inc. Class A (a) | 125,670 | 516,504 | |
Globe Life, Inc. | 24,199 | 2,154,195 | |
GoHealth, Inc. (a) | 19,265 | 104,031 | |
Goosehead Insurance (b) | 5,014 | 723,520 | |
Greenlight Capital Re, Ltd. (a)(b) | 6,458 | 47,983 | |
Hanover Insurance Group, Inc. | 9,491 | 1,195,866 | |
Hartford Financial Services Group, Inc. | 90,752 | 6,618,543 | |
HCI Group, Inc. | 1,585 | 212,406 | |
Heritage Insurance Holdings, Inc. | 5,941 | 38,854 | |
Horace Mann Educators Corp. | 10,799 | 423,105 | |
James River Group Holdings Ltd. | 9,405 | 300,490 | |
Kemper Corp. | 15,715 | 997,588 | |
Kinsale Capital Group, Inc. | 5,583 | 1,044,858 | |
Lemonade, Inc. (a)(b) | 9,980 | 620,357 | |
Lincoln National Corp. | 46,532 | 3,357,284 | |
Loews Corp. | 53,058 | 2,974,962 | |
Markel Corp. (a) | 3,562 | 4,677,369 | |
Marsh & McLennan Companies, Inc. | 131,833 | 21,989,744 | |
MBIA, Inc. (a)(b) | 12,552 | 195,058 | |
Mercury General Corp. | 6,709 | 365,573 | |
MetLife, Inc. | 190,056 | 11,935,517 | |
National Western Life Group, Inc. | 538 | 115,675 | |
Old Republic International Corp. | 74,708 | 1,929,708 | |
Palomar Holdings, Inc. (a) | 6,545 | 598,540 | |
Primerica, Inc. | 10,123 | 1,703,094 | |
Principal Financial Group, Inc. | 65,921 | 4,422,640 | |
ProAssurance Corp. (b) | 15,146 | 346,995 | |
Progressive Corp. | 152,390 | 14,458,763 | |
Prudential Financial, Inc. | 100,841 | 11,097,552 | |
Reinsurance Group of America, Inc. | 17,599 | 2,078,090 | |
RenaissanceRe Holdings Ltd. | 12,178 | 1,726,840 | |
RLI Corp. | 10,928 | 1,183,612 | |
Root, Inc. (b) | 23,853 | 110,678 | |
Safety Insurance Group, Inc. | 3,639 | 285,334 | |
Selective Insurance Group, Inc. | 15,502 | 1,214,892 | |
Selectquote, Inc. (a)(b) | 32,478 | 431,633 | |
Siriuspoint Ltd. (a)(b) | 21,837 | 205,268 | |
Stewart Information Services Corp. | 6,487 | 461,680 | |
The Travelers Companies, Inc. | 64,975 | 10,453,178 | |
Trean Insurance Group, Inc. (a) | 4,901 | 46,069 | |
Trupanion, Inc. (a) | 9,066 | 928,358 | |
United Fire Group, Inc. (b) | 5,012 | 102,395 | |
Universal Insurance Holdings, Inc. | 8,298 | 122,561 | |
Unum Group | 54,582 | 1,390,204 | |
W.R. Berkley Corp. | 36,860 | 2,934,056 | |
White Mountains Insurance Group Ltd. | 838 | 884,082 | |
Willis Towers Watson PLC | 33,675 | 8,158,779 | |
250,236,845 | |||
Mortgage Real Estate Investment Trusts - 0.2% | |||
AG Mortgage Investment Trust, Inc. | 3,260 | 37,718 | |
AGNC Investment Corp. | 138,022 | 2,197,310 | |
Annaly Capital Management, Inc. | 376,493 | 3,185,131 | |
Apollo Commercial Real Estate Finance, Inc. | 34,572 | 523,420 | |
Arbor Realty Trust, Inc. | 36,497 | 733,955 | |
Ares Commercial Real Estate Corp. | 14,498 | 226,459 | |
Armour Residential REIT, Inc. | 21,650 | 227,758 | |
Blackstone Mortgage Trust, Inc. | 40,207 | 1,322,810 | |
BrightSpire Capital, Inc. | 22,563 | 221,343 | |
Broadmark Realty Capital, Inc. | 33,431 | 345,008 | |
Cherry Hill Mortgage Investment Corp. | 4,889 | 44,588 | |
Chimera Investment Corp. | 59,678 | 931,574 | |
Dynex Capital, Inc. | 8,028 | 140,490 | |
Ellington Financial LLC | 14,132 | 256,920 | |
Franklin BSP Realty Trust, Inc. (a) | 9,162 | 150,348 | |
Granite Point Mortgage Trust, Inc. | 14,174 | 189,932 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 20,153 | 1,217,241 | |
Invesco Mortgage Capital, Inc. | 75,655 | 237,557 | |
KKR Real Estate Finance Trust, Inc. (b) | 10,964 | 238,028 | |
Ladder Capital Corp. Class A | 31,085 | 373,020 | |
MFA Financial, Inc. | 102,540 | 462,455 | |
New Residential Investment Corp. | 119,762 | 1,360,496 | |
New York Mortgage Trust, Inc. | 96,656 | 424,320 | |
Orchid Island Capital, Inc. | 37,543 | 186,213 | |
PennyMac Mortgage Investment Trust | 25,716 | 518,177 | |
Ready Capital Corp. | 15,800 | 244,426 | |
Redwood Trust, Inc. | 29,567 | 400,929 | |
Starwood Property Trust, Inc. | 79,129 | 2,015,416 | |
TPG RE Finance Trust, Inc. | 13,740 | 179,582 | |
Two Harbors Investment Corp. | 84,797 | 544,397 | |
Western Asset Mortgage Capital Corp. | 9,566 | 24,106 | |
19,161,127 | |||
Thrifts & Mortgage Finance - 0.1% | |||
Axos Financial, Inc. (a)(b) | 13,690 | 725,570 | |
Capitol Federal Financial, Inc. | 37,390 | 453,541 | |
Columbia Financial, Inc. (a) | 11,387 | 212,026 | |
Essent Group Ltd. | 29,562 | 1,418,976 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 2,557 | 322,412 | |
Flagstar Bancorp, Inc. | 13,679 | 645,512 | |
HomeStreet, Inc. | 5,190 | 244,760 | |
Kearny Financial Corp. | 22,911 | 307,466 | |
Merchants Bancorp | 3,898 | 173,188 | |
Meridian Bancorp, Inc. Maryland | 13,028 | 302,250 | |
Meta Financial Group, Inc. | 8,154 | 452,058 | |
MGIC Investment Corp. | 88,705 | 1,433,473 | |
Mr. Cooper Group, Inc. (a) | 21,903 | 960,228 | |
New York Community Bancorp, Inc. | 121,167 | 1,506,106 | |
NMI Holdings, Inc. (a) | 22,788 | 553,293 | |
Northfield Bancorp, Inc. | 10,186 | 178,764 | |
Northwest Bancshares, Inc. | 34,942 | 482,200 | |
Ocwen Financial Corp. (a)(b) | 2,028 | 63,699 | |
PennyMac Financial Services, Inc. | 8,684 | 538,929 | |
Premier Financial Corp. | 10,612 | 338,311 | |
Provident Financial Services, Inc. | 21,201 | 524,937 | |
Radian Group, Inc. | 48,354 | 1,154,210 | |
Rocket Companies, Inc. (b) | 35,521 | 585,386 | |
TFS Financial Corp. | 11,563 | 225,016 | |
Trustco Bank Corp., New York | 3,944 | 132,361 | |
Walker & Dunlop, Inc. | 7,448 | 968,761 | |
Washington Federal, Inc. | 17,907 | 633,192 | |
Waterstone Financial, Inc. | 4,272 | 88,302 | |
WSFS Financial Corp. | 11,924 | 617,782 | |
16,242,709 | |||
TOTAL FINANCIALS | 1,461,589,386 | ||
HEALTH CARE - 13.2% | |||
Biotechnology - 2.5% | |||
4D Molecular Therapeutics, Inc. (b) | 5,891 | 141,561 | |
AbbVie, Inc. | 460,943 | 52,856,334 | |
Abeona Therapeutics, Inc. (a) | 11,891 | 9,659 | |
ACADIA Pharmaceuticals, Inc. (a) | 29,541 | 530,261 | |
Acceleron Pharma, Inc. (a) | 13,978 | 2,434,688 | |
ADMA Biologics, Inc. (a) | 17,199 | 22,187 | |
Adverum Biotechnologies, Inc. (a)(b) | 19,121 | 43,405 | |
Aeglea BioTherapeutics, Inc. (a) | 12,230 | 89,524 | |
Agenus, Inc. (a) | 57,153 | 219,468 | |
Agios Pharmaceuticals, Inc. (a)(b) | 14,775 | 694,425 | |
Akebia Therapeutics, Inc. (a)(b) | 43,141 | 123,815 | |
Akero Therapeutics, Inc. (a)(b) | 4,898 | 105,258 | |
Akouos, Inc. (a)(b) | 2,627 | 24,484 | |
Albireo Pharma, Inc. (a)(b) | 5,289 | 154,545 | |
Aldeyra Therapeutics, Inc. (a)(b) | 10,975 | 99,873 | |
Alector, Inc. (a)(b) | 15,297 | 332,557 | |
Aligos Therapeutics, Inc. | 5,684 | 90,546 | |
Alkermes PLC (a) | 41,486 | 1,256,611 | |
Allakos, Inc. (a) | 9,325 | 937,909 | |
Allogene Therapeutics, Inc. (a)(b) | 20,113 | 346,748 | |
Allovir, Inc. (a)(b) | 8,322 | 199,811 | |
Alnylam Pharmaceuticals, Inc. (a) | 31,064 | 4,956,572 | |
Altimmune, Inc. (a)(b) | 7,125 | 76,950 | |
ALX Oncology Holdings, Inc. (a) | 5,646 | 316,402 | |
Amgen, Inc. | 148,208 | 30,674,610 | |
Amicus Therapeutics, Inc. (a) | 63,899 | 670,940 | |
AnaptysBio, Inc. (a) | 5,167 | 169,994 | |
Anavex Life Sciences Corp. (a)(b) | 20,300 | 380,422 | |
Anika Therapeutics, Inc. (a) | 3,908 | 162,768 | |
Annexon, Inc. (a)(b) | 7,426 | 121,118 | |
Apellis Pharmaceuticals, Inc. (a) | 18,605 | 571,918 | |
Applied Genetic Technologies Corp. (a)(b) | 10,973 | 28,420 | |
Applied Molecular Transport, Inc. (a)(b) | 3,380 | 76,118 | |
Applied Therapeutics, Inc. (a)(b) | 4,011 | 58,841 | |
Arbutus Biopharma Corp. (a) | 19,481 | 78,508 | |
Arcturus Therapeutics Holdings, Inc. (a)(b) | 5,382 | 241,921 | |
Arcus Biosciences, Inc. (a)(b) | 12,725 | 425,524 | |
Arcutis Biotherapeutics, Inc. (a)(b) | 7,698 | 163,044 | |
Ardelyx, Inc. (a)(b) | 19,519 | 23,618 | |
Arena Pharmaceuticals, Inc. (a) | 16,240 | 932,014 | |
Arrowhead Pharmaceuticals, Inc. (a) | 27,582 | 1,760,283 | |
Assembly Biosciences, Inc. (a) | 20,246 | 63,775 | |
Atara Biotherapeutics, Inc. (a) | 20,360 | 315,173 | |
Athenex, Inc. (a)(b) | 15,684 | 39,837 | |
Athersys, Inc. (a)(b) | 39,608 | 46,341 | |
Atreca, Inc. (a)(b) | 5,317 | 27,542 | |
Avid Bioservices, Inc. (a)(b) | 16,156 | 495,666 | |
Avidity Biosciences, Inc. (a)(b) | 11,375 | 255,938 | |
Avita Medical, Inc. (a) | 6,299 | 103,745 | |
AVROBIO, Inc. (a) | 9,555 | 53,699 | |
Beam Therapeutics, Inc. (a)(b) | 11,339 | 1,006,563 | |
BeyondSpring, Inc. (a)(b) | 7,393 | 102,171 | |
BioAtla, Inc. (b) | 4,776 | 139,602 | |
BioCryst Pharmaceuticals, Inc. (a)(b) | 44,571 | 665,445 | |
Biogen, Inc. (a) | 38,905 | 10,375,185 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 14,966 | 2,129,961 | |
BioMarin Pharmaceutical, Inc. (a) | 47,703 | 3,779,509 | |
BioXcel Therapeutics, Inc. (a)(b) | 5,631 | 164,087 | |
Black Diamond Therapeutics, Inc. (a)(b) | 2,980 | 22,827 | |
bluebird bio, Inc. (a) | 17,134 | 401,107 | |
Blueprint Medicines Corp. (a) | 15,590 | 1,753,719 | |
Bolt Biotherapeutics, Inc. (b) | 2,982 | 39,034 | |
BrainStorm Cell Therpeutic, Inc. (a)(b) | 4,412 | 12,773 | |
BridgeBio Pharma, Inc. (a)(b) | 28,609 | 1,412,712 | |
Burning Rock Biotech Ltd. ADR (a) | 12,605 | 177,604 | |
C4 Therapeutics, Inc. | 9,849 | 437,493 | |
Calithera Biosciences, Inc. (a) | 15,184 | 29,305 | |
Capricor Therapeutics, Inc. (a)(b) | 3,520 | 13,094 | |
CareDx, Inc. (a) | 13,423 | 684,573 | |
Catalyst Biosciences, Inc. (a) | 5,646 | 18,575 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 27,352 | 161,377 | |
Cel-Sci Corp. (a) | 10,115 | 113,288 | |
Celldex Therapeutics, Inc. (a) | 12,073 | 513,585 | |
ChemoCentryx, Inc. (a) | 12,770 | 444,524 | |
Chimerix, Inc. (a) | 17,176 | 90,002 | |
Chinook Therapeutics, Inc. (a)(b) | 8,763 | 94,115 | |
Clene, Inc. (a)(b) | 5,037 | 27,351 | |
Clovis Oncology, Inc. (a)(b) | 33,574 | 145,375 | |
Codiak Biosciences, Inc. (b) | 4,986 | 71,848 | |
Coherus BioSciences, Inc. (a)(b) | 18,249 | 305,306 | |
Concert Pharmaceuticals, Inc. (a) | 4,143 | 11,352 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 12,965 | 12,965 | |
Cortexyme, Inc. (a)(b) | 4,446 | 58,687 | |
Crinetics Pharmaceuticals, Inc. (a) | 8,495 | 211,780 | |
Cue Biopharma, Inc. (a)(b) | 8,332 | 101,734 | |
Cullinan Oncology, Inc. | 6,717 | 149,252 | |
Cyclerion Therapeutics, Inc. (a)(b) | 7,598 | 19,451 | |
Cytokinetics, Inc. (a)(b) | 21,699 | 757,512 | |
CytomX Therapeutics, Inc. (a)(b) | 16,848 | 99,909 | |
Deciphera Pharmaceuticals, Inc. (a) | 10,887 | 363,517 | |
Denali Therapeutics, Inc. (a) | 24,189 | 1,169,538 | |
DermTech, Inc. (a)(b) | 6,133 | 167,738 | |
Dicerna Pharmaceuticals, Inc. (a) | 16,701 | 347,548 | |
Dynavax Technologies Corp. (a)(b) | 28,010 | 559,360 | |
Dyne Therapeutics, Inc. (a) | 4,252 | 61,697 | |
Eagle Pharmaceuticals, Inc. (a)(b) | 2,905 | 152,135 | |
Editas Medicine, Inc. (a)(b) | 17,457 | 641,021 | |
Eiger Biopharmaceuticals, Inc. (a) | 7,379 | 49,734 | |
Emergent BioSolutions, Inc. (a) | 12,912 | 615,515 | |
Enanta Pharmaceuticals, Inc. (a) | 4,742 | 407,101 | |
Epizyme, Inc. (a)(b) | 22,092 | 92,786 | |
Exact Sciences Corp. (a) | 44,757 | 4,261,762 | |
Exelixis, Inc. (a) | 83,388 | 1,793,676 | |
Fate Therapeutics, Inc. (a) | 21,733 | 1,169,235 | |
FibroGen, Inc. (a) | 22,972 | 255,449 | |
Flexion Therapeutics, Inc. (a) | 14,821 | 137,094 | |
Foghorn Therapeutics, Inc. (b) | 4,446 | 56,420 | |
Forma Therapeutics Holdings, Inc. (a) | 8,975 | 166,576 | |
Fortress Biotech, Inc. (a) | 20,440 | 66,634 | |
Frequency Therapeutics, Inc. (a)(b) | 10,524 | 66,091 | |
G1 Therapeutics, Inc. (a)(b) | 7,814 | 113,225 | |
Generation Bio Co. (a)(b) | 12,136 | 254,371 | |
Geron Corp. (a)(b) | 73,738 | 113,557 | |
Gilead Sciences, Inc. | 327,533 | 21,250,341 | |
Global Blood Therapeutics, Inc. (a) | 15,006 | 548,019 | |
GlycoMimetics, Inc. (a) | 6,172 | 11,789 | |
Gossamer Bio, Inc. (a) | 10,816 | 134,335 | |
Gt Biopharma, Inc. (a) | 4,518 | 29,186 | |
Halozyme Therapeutics, Inc. (a) | 37,570 | 1,430,290 | |
Harpoon Therapeutics, Inc. (a)(b) | 6,208 | 38,862 | |
Heat Biologics, Inc. (a)(b) | 4,327 | 23,106 | |
Heron Therapeutics, Inc. (a)(b) | 27,991 | 308,181 | |
Homology Medicines, Inc. (a)(b) | 11,181 | 64,067 | |
Horizon Therapeutics PLC (a) | 58,710 | 7,039,916 | |
iBio, Inc. (a) | 52,622 | 41,045 | |
Ideaya Biosciences, Inc. (a) | 8,906 | 190,945 | |
IGM Biosciences, Inc. (a)(b) | 1,801 | 84,503 | |
Immatics NV (a)(b) | 8,843 | 126,720 | |
ImmunityBio, Inc. (a)(b) | 18,844 | 147,549 | |
ImmunoGen, Inc. (a) | 52,112 | 314,235 | |
Immunovant, Inc. (a)(b) | 12,341 | 99,222 | |
Incyte Corp. (a) | 49,568 | 3,320,065 | |
Inhibrx, Inc. (a) | 5,398 | 216,946 | |
Inovio Pharmaceuticals, Inc. (a)(b) | 56,267 | 401,746 | |
Inozyme Pharma, Inc. (a) | 1,209 | 11,292 | |
Insmed, Inc. (a)(b) | 30,365 | 915,505 | |
Intellia Therapeutics, Inc. (a) | 17,900 | 2,380,342 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 6,313 | 106,437 | |
Invitae Corp. (a)(b) | 52,510 | 1,391,515 | |
Ionis Pharmaceuticals, Inc. (a) | 36,735 | 1,170,744 | |
Iovance Biotherapeutics, Inc. (a) | 35,222 | 856,247 | |
Ironwood Pharmaceuticals, Inc. Class A (a) | 41,021 | 523,838 | |
iTeos Therapeutics, Inc. (a) | 5,848 | 156,434 | |
Iveric Bio, Inc. (a)(b) | 25,528 | 451,846 | |
Jounce Therapeutics, Inc. (a)(b) | 5,212 | 45,761 | |
Kadmon Holdings, Inc. (a)(b) | 42,257 | 399,329 | |
Kalvista Pharmaceuticals, Inc. (a) | 3,967 | 71,327 | |
Karuna Therapeutics, Inc. (a) | 5,798 | 813,923 | |
Karyopharm Therapeutics, Inc. (a)(b) | 15,662 | 85,515 | |
Keros Therapeutics, Inc. (a)(b) | 3,650 | 152,278 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 5,771 | 59,961 | |
Kinnate Biopharma, Inc. (b) | 3,137 | 74,566 | |
Kodiak Sciences, Inc. (a) | 8,908 | 1,043,038 | |
Kronos Bio, Inc. (b) | 11,849 | 195,035 | |
Krystal Biotech, Inc. (a)(b) | 4,310 | 215,888 | |
Kura Oncology, Inc. (a)(b) | 16,340 | 268,303 | |
Kymera Therapeutics, Inc. (a) | 9,246 | 544,404 | |
Ligand Pharmaceuticals, Inc. Class B (a)(b) | 4,196 | 612,364 | |
Lineage Cell Therapeutics, Inc. (a)(b) | 35,265 | 80,404 | |
Macrogenics, Inc. (a) | 14,164 | 276,623 | |
Madrigal Pharmaceuticals, Inc. (a)(b) | 3,500 | 272,125 | |
Magenta Therapeutics, Inc. (a)(b) | 6,223 | 39,827 | |
MannKind Corp. (a)(b) | 63,479 | 298,986 | |
Matinas BioPharma Holdings, Inc. (a) | 29,750 | 33,023 | |
MediciNova, Inc. (a)(b) | 13,071 | 43,919 | |
MEI Pharma, Inc. (a) | 21,373 | 60,272 | |
Mersana Therapeutics, Inc. (a) | 20,712 | 177,295 | |
Mirati Therapeutics, Inc. (a) | 11,820 | 2,234,216 | |
Mirum Pharmaceuticals, Inc. (a) | 3,900 | 61,932 | |
Moderna, Inc. (a) | 91,599 | 31,620,891 | |
Molecular Templates, Inc. (a)(b) | 9,589 | 50,055 | |
Morphic Holding, Inc. (a) | 6,992 | 402,040 | |
Mustang Bio, Inc. (a)(b) | 7,656 | 17,149 | |
Myriad Genetics, Inc. (a) | 20,469 | 629,831 | |
Natera, Inc. (a) | 22,573 | 2,586,189 | |
Neoleukin Therapeutics, Inc. (a)(b) | 9,859 | 72,266 | |
Neubase Therapeutics, Inc. (a)(b) | 3,796 | 14,045 | |
Neurocrine Biosciences, Inc. (a) | 25,068 | 2,642,418 | |
NextCure, Inc. (a)(b) | 2,365 | 19,440 | |
Nkarta, Inc. (a) | 4,061 | 63,676 | |
Novavax, Inc. (a)(b) | 19,476 | 2,898,613 | |
Nurix Therapeutics, Inc. (a) | 10,793 | 361,026 | |
Olema Pharmaceuticals, Inc. | 7,969 | 215,163 | |
Oncorus, Inc. (a)(b) | 2,117 | 22,567 | |
Opko Health, Inc. (a)(b) | 109,333 | 414,372 | |
ORIC Pharmaceuticals, Inc. (a) | 8,946 | 130,969 | |
Ovid Therapeutics, Inc. (a)(b) | 22,621 | 76,911 | |
Oyster Point Pharma, Inc. (a)(b) | 2,507 | 29,532 | |
Palatin Technologies, Inc. (a)(b) | 38,374 | 15,657 | |
Passage Bio, Inc. (a)(b) | 5,910 | 51,535 | |
PDL BioPharma, Inc. (a)(c) | 20,940 | 51,722 | |
PMV Pharmaceuticals, Inc. (a) | 7,577 | 178,969 | |
Poseida Therapeutics, Inc. (a)(b) | 10,995 | 70,478 | |
Praxis Precision Medicines, Inc. (b) | 9,597 | 199,618 | |
Precigen, Inc. (a)(b) | 28,484 | 137,578 | |
Precision BioSciences, Inc. (a) | 10,395 | 98,649 | |
Prelude Therapeutics, Inc. (a)(b) | 2,911 | 51,175 | |
Protagonist Therapeutics, Inc. (a)(b) | 11,679 | 363,918 | |
Prothena Corp. PLC (a)(b) | 8,959 | 495,881 | |
PTC Therapeutics, Inc. (a) | 17,820 | 675,913 | |
Puma Biotechnology, Inc. (a)(b) | 8,302 | 42,340 | |
Radius Health, Inc. (a) | 11,335 | 244,836 | |
RAPT Therapeutics, Inc. (a) | 5,487 | 173,279 | |
Recro Pharma, Inc. (a) | 2,879 | 5,614 | |
Regeneron Pharmaceuticals, Inc. (a) | 27,452 | 17,567,633 | |
REGENXBIO, Inc. (a) | 10,074 | 357,023 | |
Relay Therapeutics, Inc. (a) | 16,469 | 547,594 | |
Repligen Corp. (a) | 13,403 | 3,893,572 | |
Replimune Group, Inc. (a)(b) | 6,991 | 206,304 | |
Revolution Medicines, Inc. (a)(b) | 16,805 | 494,571 | |
Rhythm Pharmaceuticals, Inc. (a)(b) | 9,022 | 103,843 | |
Rigel Pharmaceuticals, Inc. (a)(b) | 41,490 | 139,406 | |
Rocket Pharmaceuticals, Inc. (a)(b) | 11,049 | 328,266 | |
Rubius Therapeutics, Inc. (a)(b) | 10,823 | 153,795 | |
Sage Therapeutics, Inc. (a) | 13,064 | 527,263 | |
Sangamo Therapeutics, Inc. (a) | 32,464 | 263,608 | |
Sarepta Therapeutics, Inc. (a) | 20,585 | 1,628,891 | |
Scholar Rock Holding Corp. (a)(b) | 7,430 | 195,409 | |
Seagen, Inc. (a) | 34,763 | 6,129,760 | |
Selecta Biosciences, Inc. (a)(b) | 21,885 | 78,567 | |
Seres Therapeutics, Inc. (a) | 14,402 | 87,564 | |
Sesen Bio, Inc. (a) | 39,225 | 47,462 | |
Shattuck Labs, Inc. (b) | 7,975 | 153,918 | |
Silverback Therapeutics, Inc. | 3,038 | 26,218 | |
Sorrento Therapeutics, Inc. (a)(b) | 79,412 | 544,766 | |
Spectrum Pharmaceuticals, Inc. (a)(b) | 33,214 | 60,782 | |
Spero Therapeutics, Inc. (a)(b) | 5,513 | 96,808 | |
Springworks Therapeutics, Inc. (a)(b) | 7,009 | 470,024 | |
Spruce Biosciences, Inc. | 1,442 | 6,864 | |
SQZ Biotechnologies Co. (b) | 4,437 | 59,411 | |
Stoke Therapeutics, Inc. (a)(b) | 4,892 | 111,684 | |
Sutro Biopharma, Inc. (a)(b) | 12,878 | 259,620 | |
Syndax Pharmaceuticals, Inc. (a)(b) | 9,643 | 187,556 | |
Syros Pharmaceuticals, Inc. (a)(b) | 14,802 | 61,132 | |
T2 Biosystems, Inc. (a)(b) | 28,899 | 22,382 | |
Talaris Therapeutics, Inc. (a)(b) | 2,286 | 38,611 | |
Taysha Gene Therapies, Inc. (a) | 6,954 | 108,761 | |
TCR2 Therapeutics, Inc. (a)(b) | 7,559 | 47,622 | |
TG Therapeutics, Inc. (a)(b) | 34,612 | 1,080,587 | |
Travere Therapeutics, Inc. (a) | 13,620 | 392,392 | |
Trevena, Inc. (a)(b) | 35,368 | 35,722 | |
Turning Point Therapeutics, Inc. (a) | 13,180 | 548,024 | |
Twist Bioscience Corp. (a) | 12,729 | 1,512,205 | |
Ultragenyx Pharmaceutical, Inc. (a) | 17,757 | 1,490,167 | |
uniQure B.V. (a) | 9,796 | 298,484 | |
United Therapeutics Corp. (a) | 11,722 | 2,236,089 | |
UNITY Biotechnology, Inc. (a) | 7,661 | 18,310 | |
Vanda Pharmaceuticals, Inc. (a) | 13,336 | 228,312 | |
Vaxart, Inc. (a)(b) | 29,459 | 197,670 | |
Vaxcyte, Inc. (a) | 8,806 | 206,060 | |
VBI Vaccines, Inc. (a) | 62,875 | 182,338 | |
Veracyte, Inc. (a)(b) | 18,641 | 892,531 | |
Verastem, Inc. (a) | 56,724 | 147,482 | |
Vericel Corp. (a)(b) | 12,264 | 564,389 | |
Vertex Pharmaceuticals, Inc. (a) | 67,703 | 12,520,316 | |
Viking Therapeutics, Inc. (a)(b) | 19,944 | 116,074 | |
Vir Biotechnology, Inc. (a) | 19,118 | 721,322 | |
Vor Biopharma, Inc. (a)(b) | 2,585 | 40,662 | |
Voyager Therapeutics, Inc. (a)(b) | 4,677 | 16,931 | |
Xbiotech, Inc. | 2,697 | 39,538 | |
Xencor, Inc. (a) | 16,068 | 635,650 | |
Y-mAbs Therapeutics, Inc. (a) | 9,608 | 235,972 | |
Zentalis Pharmaceuticals, Inc. (a) | 9,530 | 766,593 | |
ZIOPHARM Oncology, Inc. (a)(b) | 52,188 | 78,282 | |
301,120,591 | |||
Health Care Equipment & Supplies - 3.4% | |||
Abbott Laboratories | 462,097 | 59,559,682 | |
Abiomed, Inc. (a) | 11,866 | 3,939,987 | |
Accelerate Diagnostics, Inc. (a)(b) | 6,787 | 40,043 | |
Accuray, Inc. (a)(b) | 21,083 | 105,204 | |
Acutus Medical, Inc. (a)(b) | 2,705 | 21,207 | |
Align Technology, Inc. (a) | 19,187 | 11,979,787 | |
Alphatec Holdings, Inc. (a)(b) | 19,560 | 229,439 | |
Angiodynamics, Inc. (a)(b) | 9,584 | 274,102 | |
Aspira Women's Health, Inc. (a)(b) | 14,536 | 48,696 | |
Atricure, Inc. (a) | 11,849 | 889,386 | |
Atrion Corp. | 357 | 259,896 | |
Avanos Medical, Inc. (a) | 11,981 | 377,881 | |
AxoGen, Inc. (a) | 9,380 | 142,482 | |
Axonics Modulation Technologies, Inc. (a)(b) | 12,160 | 891,936 | |
Baxter International, Inc. | 130,527 | 10,306,412 | |
Becton, Dickinson & Co. | 74,908 | 17,947,208 | |
BioLife Solutions, Inc. (a) | 7,880 | 418,822 | |
BioSig Technologies, Inc. (a)(b) | 4,618 | 12,469 | |
Bioventus, Inc. (b) | 2,041 | 30,819 | |
Boston Scientific Corp. (a) | 371,856 | 16,038,149 | |
Cardiovascular Systems, Inc. (a) | 10,109 | 354,624 | |
Cerus Corp. (a) | 42,208 | 278,573 | |
Co.-Diagnostics, Inc. (a)(b) | 6,703 | 55,032 | |
CONMED Corp. (b) | 7,780 | 1,138,058 | |
Cryolife, Inc. (a)(b) | 9,705 | 200,311 | |
CryoPort, Inc. (a)(b) | 12,319 | 1,004,491 | |
Cutera, Inc. (a) | 4,546 | 195,478 | |
CytoSorbents Corp. (a)(b) | 12,461 | 73,395 | |
Danaher Corp. | 165,604 | 51,630,359 | |
Dentsply Sirona, Inc. | 56,641 | 3,240,432 | |
DexCom, Inc. (a) | 25,247 | 15,734,183 | |
Eargo, Inc. (a)(b) | 8,731 | 76,833 | |
Edwards Lifesciences Corp. (a) | 162,757 | 19,501,544 | |
Envista Holdings Corp. (a) | 43,284 | 1,692,404 | |
Glaukos Corp. (a) | 12,503 | 571,512 | |
Globus Medical, Inc. (a) | 21,405 | 1,651,824 | |
Haemonetics Corp. (a) | 13,001 | 893,299 | |
Heska Corp. (a) | 2,776 | 620,519 | |
Hill-Rom Holdings, Inc. | 17,239 | 2,670,321 | |
Hologic, Inc. (a) | 66,293 | 4,859,940 | |
ICU Medical, Inc. (a) | 5,285 | 1,237,377 | |
IDEXX Laboratories, Inc. (a) | 22,218 | 14,800,299 | |
Inari Medical, Inc. (a) | 8,322 | 753,307 | |
Inogen, Inc. (a) | 4,751 | 188,377 | |
Insulet Corp. (a) | 17,944 | 5,562,999 | |
Integer Holdings Corp. (a) | 8,677 | 781,104 | |
Integra LifeSciences Holdings Corp. (a) | 18,712 | 1,243,600 | |
Intersect ENT, Inc. (a) | 8,914 | 240,411 | |
Intuitive Surgical, Inc. (a) | 93,017 | 33,591,229 | |
Invacare Corp. (a) | 8,855 | 43,744 | |
iRhythm Technologies, Inc. (a) | 7,636 | 535,589 | |
Lantheus Holdings, Inc. (a) | 16,719 | 391,057 | |
LeMaitre Vascular, Inc. | 4,481 | 233,057 | |
LivaNova PLC (a) | 13,674 | 1,049,069 | |
Masimo Corp. (a) | 13,310 | 3,773,917 | |
Medtronic PLC | 350,437 | 42,003,379 | |
Meridian Bioscience, Inc. (a) | 10,922 | 205,443 | |
Merit Medical Systems, Inc. (a) | 12,855 | 864,627 | |
Mesa Laboratories, Inc. | 1,306 | 399,244 | |
Natus Medical, Inc. (a) | 8,153 | 204,233 | |
Neogen Corp. (a) | 27,465 | 1,162,044 | |
Nevro Corp. (a) | 8,983 | 1,021,726 | |
Novocure Ltd. (a) | 23,048 | 2,364,033 | |
NuVasive, Inc. (a) | 13,194 | 704,032 | |
OraSure Technologies, Inc. (a)(b) | 18,054 | 192,636 | |
Ortho Clinical Diagnostics Holdings PLC | 29,337 | 579,992 | |
Orthofix International NV (a) | 5,036 | 181,195 | |
OrthoPediatrics Corp. (a)(b) | 3,315 | 235,929 | |
Outset Medical, Inc. (a) | 10,696 | 569,776 | |
Penumbra, Inc. (a) | 8,924 | 2,467,932 | |
Pulmonx Corp. (b) | 9,477 | 368,940 | |
Pulse Biosciences, Inc. (a)(b) | 3,268 | 68,922 | |
Quidel Corp. (a) | 9,851 | 1,307,917 | |
Quotient Ltd. (a) | 24,935 | 63,086 | |
Repro Medical Systems, Inc. (a)(b) | 6,295 | 15,675 | |
ResMed, Inc. | 37,992 | 9,988,477 | |
Retractable Technologies, Inc. (a)(b) | 3,462 | 32,751 | |
Seaspine Holdings Corp. (a)(b) | 9,689 | 144,947 | |
Shockwave Medical, Inc. (a) | 9,076 | 1,939,541 | |
SI-BONE, Inc. (a) | 6,468 | 145,853 | |
Sientra, Inc. (a)(b) | 13,822 | 80,997 | |
Silk Road Medical, Inc. (a) | 8,654 | 508,076 | |
SmileDirectClub, Inc. (a)(b) | 28,595 | 147,264 | |
Staar Surgical Co. (a) | 12,365 | 1,464,758 | |
STERIS PLC | 26,076 | 6,095,004 | |
Stryker Corp. | 87,580 | 23,302,411 | |
Surgalign Holdings, Inc. (a)(b) | 26,747 | 25,712 | |
SurModics, Inc. (a) | 3,775 | 210,117 | |
Tactile Systems Technology, Inc. (a) | 4,668 | 160,999 | |
Talis Biomedical Corp. (b) | 3,761 | 20,121 | |
Tandem Diabetes Care, Inc. (a) | 16,468 | 2,245,082 | |
Teleflex, Inc. | 12,132 | 4,330,396 | |
The Cooper Companies, Inc. | 12,829 | 5,348,667 | |
TransMedics Group, Inc. (a) | 7,664 | 210,224 | |
Vapotherm, Inc. (a)(b) | 5,248 | 120,022 | |
Varex Imaging Corp. (a) | 11,090 | 297,767 | |
ViewRay, Inc. (a) | 38,956 | 284,768 | |
West Pharmaceutical Services, Inc. | 19,327 | 8,308,291 | |
Wright Medical Group NV (c) | 326 | 0 | |
Zimmer Biomet Holdings, Inc. | 54,494 | 7,799,181 | |
Zynex, Inc. (a)(b) | 5,226 | 65,482 | |
422,639,544 | |||
Health Care Providers & Services - 2.5% | |||
1Life Healthcare, Inc. (a) | 30,369 | 657,793 | |
Acadia Healthcare Co., Inc. (a) | 23,140 | 1,434,680 | |
Accolade, Inc. (a) | 15,390 | 612,368 | |
AdaptHealth Corp. (a) | 25,054 | 682,722 | |
Addus HomeCare Corp. (a)(b) | 4,587 | 428,885 | |
Amedisys, Inc. (a) | 8,413 | 1,424,657 | |
AmerisourceBergen Corp. | 39,326 | 4,798,559 | |
AMN Healthcare Services, Inc. (a) | 12,321 | 1,216,083 | |
Anthem, Inc. | 63,613 | 27,679,925 | |
Apollo Medical Holdings, Inc. (a)(b) | 9,732 | 667,907 | |
Apria, Inc. (b) | 1,841 | 68,909 | |
Brookdale Senior Living, Inc. (a) | 48,959 | 318,234 | |
Cardinal Health, Inc. | 76,078 | 3,637,289 | |
Castle Biosciences, Inc. (a) | 6,266 | 390,685 | |
Centene Corp. (a) | 152,287 | 10,848,954 | |
Chemed Corp. | 4,138 | 1,995,551 | |
Cigna Corp. | 88,735 | 18,954,683 | |
Community Health Systems, Inc. (a) | 30,826 | 403,821 | |
Corvel Corp. (a) | 2,304 | 422,139 | |
Covetrus, Inc. (a) | 29,352 | 592,617 | |
Cross Country Healthcare, Inc. (a) | 8,589 | 178,050 | |
CVS Health Corp. | 344,148 | 30,725,533 | |
DaVita HealthCare Partners, Inc. (a) | 17,348 | 1,791,008 | |
Encompass Health Corp. | 25,404 | 1,614,678 | |
Fulgent Genetics, Inc. (a)(b) | 5,011 | 415,512 | |
Guardant Health, Inc. (a)(b) | 26,550 | 3,100,775 | |
Hanger, Inc. (a) | 9,811 | 183,269 | |
HCA Holdings, Inc. | 64,297 | 16,103,827 | |
HealthEquity, Inc. (a) | 21,330 | 1,411,619 | |
Henry Schein, Inc. (a) | 36,176 | 2,762,038 | |
Humana, Inc. | 33,527 | 15,528,365 | |
InfuSystems Holdings, Inc. (a) | 3,817 | 63,477 | |
Laboratory Corp. of America Holdings (a) | 25,111 | 7,207,359 | |
LHC Group, Inc. (a) | 8,119 | 1,092,736 | |
Magellan Health Services, Inc. (a) | 5,862 | 555,893 | |
McKesson Corp. | 40,311 | 8,379,851 | |
MEDNAX, Inc. (a)(b) | 21,704 | 591,000 | |
Modivcare, Inc. (a) | 3,293 | 536,002 | |
Molina Healthcare, Inc. (a) | 15,313 | 4,528,360 | |
National Healthcare Corp. | 3,130 | 218,912 | |
National Research Corp. Class A | 3,500 | 151,550 | |
Ontrak, Inc. (a)(b) | 1,526 | 13,124 | |
Option Care Health, Inc. (a) | 36,104 | 986,722 | |
Owens & Minor, Inc. | 19,904 | 714,156 | |
Patterson Companies, Inc. | 21,779 | 680,812 | |
Pennant Group, Inc. (a)(b) | 6,361 | 162,651 | |
PetIQ, Inc. Class A (a)(b) | 7,858 | 196,843 | |
Premier, Inc. | 31,861 | 1,240,986 | |
Progyny, Inc. (a) | 17,875 | 1,098,061 | |
Quest Diagnostics, Inc. | 32,084 | 4,709,290 | |
R1 RCM, Inc. (a) | 35,488 | 770,090 | |
RadNet, Inc. (a) | 12,376 | 384,770 | |
Select Medical Holdings Corp. | 27,948 | 928,433 | |
Surgery Partners, Inc. (a) | 7,094 | 291,847 | |
Tenet Healthcare Corp. (a) | 28,042 | 2,009,490 | |
The Ensign Group, Inc. | 13,332 | 1,040,029 | |
The Joint Corp. (a)(b) | 3,824 | 334,524 | |
Tivity Health, Inc. (a) | 11,917 | 298,163 | |
Triple-S Management Corp. (a) | 5,881 | 207,540 | |
U.S. Physical Therapy, Inc. | 3,157 | 340,514 | |
UnitedHealth Group, Inc. | 245,821 | 113,193,196 | |
Universal Health Services, Inc. Class B | 19,716 | 2,446,756 | |
306,424,272 | |||
Health Care Technology - 0.3% | |||
Allscripts Healthcare Solutions, Inc. (a) | 32,968 | 454,299 | |
American Well Corp. (a)(b) | 48,529 | 436,761 | |
Cerner Corp. | 77,807 | 5,780,282 | |
Certara, Inc. | 24,184 | 999,041 | |
Change Healthcare, Inc. (a) | 62,978 | 1,355,916 | |
Computer Programs & Systems, Inc. (a)(b) | 2,826 | 102,019 | |
Evolent Health, Inc. (a) | 20,803 | 608,904 | |
GoodRx Holdings, Inc. (a)(b) | 16,737 | 746,470 | |
Health Catalyst, Inc. (a)(b) | 13,552 | 713,377 | |
HealthStream, Inc. (a) | 6,416 | 170,730 | |
iCAD, Inc. (a) | 5,426 | 57,244 | |
Inovalon Holdings, Inc. Class A (a) | 20,159 | 822,286 | |
Inspire Medical Systems, Inc. (a) | 7,179 | 1,935,315 | |
Nextgen Healthcare, Inc. (a) | 16,318 | 268,594 | |
Omnicell, Inc. (a) | 11,229 | 2,000,446 | |
OptimizeRx Corp. (a)(b) | 4,559 | 440,855 | |
Phreesia, Inc. (a) | 13,241 | 934,020 | |
Schrodinger, Inc. (a)(b) | 12,530 | 683,887 | |
Simulations Plus, Inc. (b) | 4,178 | 210,989 | |
Tabula Rasa HealthCare, Inc. (a) | 5,664 | 153,778 | |
Teladoc Health, Inc. (a)(b) | 41,783 | 6,250,319 | |
Veeva Systems, Inc. Class A (a) | 36,131 | 11,453,888 | |
Vocera Communications, Inc. (a)(b) | 9,278 | 524,949 | |
37,104,369 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 23,730 | 3,826,937 | |
Adaptive Biotechnologies Corp. (a) | 28,570 | 954,524 | |
Agilent Technologies, Inc. | 79,288 | 12,487,067 | |
Avantor, Inc. (a) | 152,982 | 6,177,413 | |
Bio-Rad Laboratories, Inc. Class A (a) | 5,650 | 4,489,942 | |
Bio-Techne Corp. | 10,121 | 5,299,862 | |
Bruker Corp. | 26,143 | 2,099,283 | |
Charles River Laboratories International, Inc. (a) | 13,094 | 5,875,016 | |
ChromaDex, Inc. (a)(b) | 12,689 | 78,545 | |
Codexis, Inc. (a) | 14,671 | 510,111 | |
Fluidigm Corp. (a)(b) | 20,426 | 105,194 | |
Frontage Holdings Corp. (a)(d) | 190,000 | 111,111 | |
Illumina, Inc. (a) | 38,287 | 15,891,402 | |
IQVIA Holdings, Inc. (a) | 50,005 | 13,072,307 | |
Maravai LifeSciences Holdings, Inc. | 28,254 | 1,194,862 | |
Medpace Holdings, Inc. (a) | 7,558 | 1,712,265 | |
Mettler-Toledo International, Inc. (a) | 6,030 | 8,929,706 | |
Nanostring Technologies, Inc. (a) | 12,336 | 595,829 | |
NeoGenomics, Inc. (a) | 32,002 | 1,472,092 | |
Pacific Biosciences of California, Inc. (a)(b) | 51,680 | 1,368,486 | |
PerkinElmer, Inc. | 29,310 | 5,184,646 | |
Personalis, Inc. (a)(b) | 10,370 | 203,459 | |
PPD, Inc. (a) | 30,439 | 1,435,808 | |
Quanterix Corp. (a) | 8,877 | 449,265 | |
Seer, Inc. (b) | 9,368 | 345,867 | |
Sotera Health Co. | 25,935 | 640,595 | |
Syneos Health, Inc. (a) | 26,698 | 2,491,991 | |
Thermo Fisher Scientific, Inc. | 102,553 | 64,923,228 | |
Waters Corp. (a) | 16,023 | 5,889,254 | |
167,816,067 | |||
Pharmaceuticals - 3.1% | |||
AcelRx Pharmaceuticals, Inc. (a) | 18,538 | 16,313 | |
Aerie Pharmaceuticals, Inc. (a)(b) | 11,570 | 122,989 | |
Agile Therapeutics, Inc. (a)(b) | 14,594 | 11,579 | |
Amneal Pharmaceuticals, Inc. (a) | 31,218 | 171,387 | |
Amphastar Pharmaceuticals, Inc. (a)(b) | 8,102 | 151,345 | |
Ampio Pharmaceuticals, Inc. (a)(b) | 42,328 | 66,032 | |
ANI Pharmaceuticals, Inc. (a)(b) | 2,953 | 110,383 | |
Antares Pharma, Inc. (a) | 44,966 | 168,173 | |
Aquestive Therapeutics, Inc. (a)(b) | 4,628 | 23,788 | |
Arvinas Holding Co. LLC (a) | 11,243 | 973,419 | |
Athira Pharma, Inc. (a) | 10,098 | 131,981 | |
Avalo Therapeutics, Inc. (a) | 30,016 | 70,237 | |
Axsome Therapeutics, Inc. (a)(b) | 7,925 | 305,113 | |
Aytu BioScience, Inc. (a)(b) | 9,771 | 24,330 | |
Biodelivery Sciences International, Inc. (a)(b) | 24,079 | 98,242 | |
Bristol-Myers Squibb Co. | 580,165 | 33,881,636 | |
Cara Therapeutics, Inc. (a) | 11,386 | 191,626 | |
Catalent, Inc. (a) | 44,614 | 6,150,486 | |
Collegium Pharmaceutical, Inc. (a)(b) | 8,725 | 171,272 | |
Corcept Therapeutics, Inc. (a) | 27,544 | 495,792 | |
CorMedix, Inc. (a)(b) | 6,812 | 33,106 | |
CymaBay Therapeutics, Inc. (a)(b) | 13,326 | 51,971 | |
Durect Corp. (a)(b) | 44,901 | 57,473 | |
Elanco Animal Health, Inc. (a) | 123,712 | 4,067,651 | |
Eli Lilly & Co. | 207,096 | 52,759,777 | |
Endo International PLC (a) | 59,345 | 252,216 | |
Esperion Therapeutics, Inc. (a)(b) | 6,783 | 60,640 | |
Evofem Biosciences, Inc. (a)(b) | 15,813 | 10,873 | |
Evolus, Inc. (a)(b) | 5,386 | 42,119 | |
Fulcrum Therapeutics, Inc. (a) | 7,518 | 166,449 | |
Innoviva, Inc. (a) | 16,654 | 290,612 | |
Intra-Cellular Therapies, Inc. (a) | 19,435 | 837,065 | |
Jazz Pharmaceuticals PLC (a) | 15,857 | 2,109,615 | |
Johnson & Johnson | 686,445 | 111,808,162 | |
Kala Pharmaceuticals, Inc. (a)(b) | 8,813 | 15,335 | |
Lannett Co., Inc. (a)(b) | 8,822 | 24,084 | |
Liquidia Technologies, Inc. (a) | 6,361 | 23,854 | |
Marinus Pharmaceuticals, Inc. (a)(b) | 8,111 | 93,277 | |
Merck & Co., Inc. | 660,238 | 58,133,956 | |
Nektar Therapeutics (a) | 46,634 | 706,971 | |
NGM Biopharmaceuticals, Inc. (a) | 10,007 | 184,829 | |
Ocular Therapeutix, Inc. (a) | 20,980 | 139,307 | |
Odonate Therapeutics, Inc. (a) | 4,761 | 14,616 | |
Omeros Corp. (a)(b) | 15,564 | 97,586 | |
OptiNose, Inc. (a)(b) | 7,197 | 19,072 | |
Organon & Co. | 65,554 | 2,409,110 | |
Pacira Biosciences, Inc. (a) | 11,375 | 594,685 | |
Paratek Pharmaceuticals, Inc. (a)(b) | 11,958 | 60,029 | |
Perrigo Co. PLC | 34,518 | 1,558,488 | |
Pfizer, Inc. | 1,462,713 | 63,979,067 | |
Phathom Pharmaceuticals, Inc. (a)(b) | 3,356 | 78,967 | |
Phibro Animal Health Corp. Class A | 4,642 | 101,845 | |
Pliant Therapeutics, Inc. (a)(b) | 6,745 | 107,448 | |
Prestige Brands Holdings, Inc. (a) | 12,613 | 756,654 | |
Provention Bio, Inc. (a)(b) | 13,480 | 84,385 | |
Reata Pharmaceuticals, Inc. (a)(b) | 6,908 | 663,237 | |
Relmada Therapeutics, Inc. (a) | 4,522 | 106,131 | |
Revance Therapeutics, Inc. (a)(b) | 17,628 | 242,385 | |
Royalty Pharma PLC | 91,680 | 3,624,110 | |
SIGA Technologies, Inc. (a) | 9,940 | 71,667 | |
Supernus Pharmaceuticals, Inc. (a) | 13,413 | 400,378 | |
Tarsus Pharmaceuticals, Inc. (a)(b) | 1,353 | 37,559 | |
TherapeuticsMD, Inc. (a)(b) | 85,018 | 61,893 | |
Theravance Biopharma, Inc. (a) | 13,276 | 103,155 | |
Tricida, Inc. (a)(b) | 5,946 | 27,173 | |
Viatris, Inc. | 312,761 | 4,175,359 | |
Vyne Therapeutics, Inc. (a)(b) | 13,159 | 17,633 | |
WAVE Life Sciences (a)(b) | 7,463 | 34,255 | |
Xeris Biopharma Holdings, Inc. (a)(b) | 19,736 | 36,709 | |
Xeris Biopharma Holdings, Inc. rights (a)(c) | 8,992 | 1,629 | |
Zoetis, Inc. Class A | 123,854 | 26,777,235 | |
Zogenix, Inc. (a)(b) | 14,258 | 218,575 | |
Zynerba Pharmaceuticals, Inc. (a)(b) | 6,363 | 24,370 | |
381,690,870 | |||
TOTAL HEALTH CARE | 1,616,795,713 | ||
INDUSTRIALS - 8.9% | |||
Aerospace & Defense - 1.3% | |||
AAR Corp. (a) | 9,674 | 342,169 | |
Aerojet Rocketdyne Holdings, Inc. | 19,811 | 871,882 | |
AeroVironment, Inc. (a)(b) | 6,224 | 554,621 | |
Astronics Corp. (a) | 5,161 | 66,577 | |
Axon Enterprise, Inc. (a) | 17,245 | 3,103,410 | |
BWX Technologies, Inc. | 25,274 | 1,434,047 | |
Byrna Technologies, Inc. (a) | 4,506 | 75,926 | |
Curtiss-Wright Corp. | 10,664 | 1,361,580 | |
Ducommun, Inc. (a) | 2,502 | 121,072 | |
General Dynamics Corp. | 60,451 | 12,256,440 | |
HEICO Corp. | 10,603 | 1,477,952 | |
HEICO Corp. Class A | 19,793 | 2,487,584 | |
Hexcel Corp. (a)(b) | 21,347 | 1,211,229 | |
Howmet Aerospace, Inc. | 100,050 | 2,970,485 | |
Huntington Ingalls Industries, Inc. | 10,423 | 2,113,055 | |
Kaman Corp. | 7,176 | 256,829 | |
Kratos Defense & Security Solutions, Inc. (a) | 31,489 | 673,550 | |
L3Harris Technologies, Inc. | 52,462 | 12,094,589 | |
Lockheed Martin Corp. | 64,252 | 21,352,225 | |
Maxar Technologies, Inc. (b) | 18,109 | 480,794 | |
Mercury Systems, Inc. (a) | 14,423 | 743,361 | |
Moog, Inc. Class A | 8,133 | 614,285 | |
National Presto Industries, Inc. | 1,402 | 116,576 | |
Northrop Grumman Corp. | 39,266 | 14,026,601 | |
PAE, Inc. (a) | 14,039 | 139,267 | |
Park Aerospace Corp. (b) | 4,440 | 58,120 | |
Parsons Corp. (a) | 6,404 | 221,835 | |
Raytheon Technologies Corp. | 392,577 | 34,884,392 | |
Spirit AeroSystems Holdings, Inc. Class A | 26,717 | 1,103,145 | |
Textron, Inc. | 59,259 | 4,376,277 | |
The Boeing Co. (a) | 143,753 | 29,761,184 | |
TransDigm Group, Inc. (a) | 13,692 | 8,541,343 | |
Triumph Group, Inc. (a) | 17,105 | 349,797 | |
Vectrus, Inc. (a) | 3,093 | 149,794 | |
Virgin Galactic Holdings, Inc. (a)(b) | 45,808 | 858,900 | |
161,250,893 | |||
Air Freight & Logistics - 0.6% | |||
Air Transport Services Group, Inc. (a) | 15,611 | 388,558 | |
Atlas Air Worldwide Holdings, Inc. (a) | 6,735 | 546,343 | |
C.H. Robinson Worldwide, Inc. | 34,097 | 3,307,068 | |
Echo Global Logistics, Inc. (a) | 6,439 | 310,553 | |
Expeditors International of Washington, Inc. | 44,744 | 5,515,145 | |
FedEx Corp. | 64,175 | 15,115,138 | |
Forward Air Corp. | 7,175 | 721,518 | |
GXO Logistics, Inc. (a) | 25,476 | 2,262,269 | |
Hub Group, Inc. Class A (a) | 8,418 | 661,402 | |
United Parcel Service, Inc. Class B | 189,898 | 40,537,526 | |
69,365,520 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 33,723 | 1,780,574 | |
Allegiant Travel Co. (a) | 4,203 | 736,660 | |
American Airlines Group, Inc. (a) | 170,028 | 3,264,538 | |
Delta Air Lines, Inc. (a) | 167,267 | 6,545,158 | |
Hawaiian Holdings, Inc. (a)(b) | 11,756 | 227,479 | |
JetBlue Airways Corp. (a) | 80,927 | 1,135,406 | |
Mesa Air Group, Inc. (a) | 6,720 | 50,669 | |
SkyWest, Inc. (a) | 13,504 | 581,077 | |
Southwest Airlines Co. (a) | 154,544 | 7,306,840 | |
Spirit Airlines, Inc. (a) | 28,896 | 631,378 | |
United Airlines Holdings, Inc. (a) | 84,771 | 3,911,334 | |
26,171,113 | |||
Building Products - 0.7% | |||
A.O. Smith Corp. | 34,550 | 2,524,569 | |
AAON, Inc. | 11,679 | 836,800 | |
Advanced Drain Systems, Inc. | 14,389 | 1,623,079 | |
Allegion PLC | 23,762 | 3,048,665 | |
Alpha PRO Tech Ltd. (a)(b) | 2,269 | 13,659 | |
American Woodmark Corp. (a) | 4,201 | 288,777 | |
Apogee Enterprises, Inc. | 6,684 | 280,260 | |
Armstrong World Industries, Inc. | 12,281 | 1,297,488 | |
Builders FirstSource, Inc. (a) | 53,740 | 3,131,430 | |
Carlisle Companies, Inc. | 13,488 | 3,006,745 | |
Carrier Global Corp. | 226,678 | 11,839,392 | |
Cornerstone Building Brands, Inc. (a) | 14,764 | 211,273 | |
CSW Industrials, Inc. | 4,139 | 573,748 | |
Fortune Brands Home & Security, Inc. | 35,624 | 3,612,274 | |
Gibraltar Industries, Inc. (a) | 8,171 | 532,422 | |
Griffon Corp. | 13,634 | 361,165 | |
Insteel Industries, Inc. (b) | 4,781 | 194,443 | |
Jeld-Wen Holding, Inc. (a) | 22,977 | 629,800 | |
Johnson Controls International PLC | 185,393 | 13,602,284 | |
Lennox International, Inc. | 8,985 | 2,689,031 | |
Masco Corp. | 64,742 | 4,243,838 | |
Masonite International Corp. (a) | 6,191 | 742,982 | |
Owens Corning | 26,846 | 2,507,685 | |
PGT Innovations, Inc. (a)(b) | 14,488 | 309,319 | |
Quanex Building Products Corp. | 8,827 | 182,895 | |
Resideo Technologies, Inc. (a) | 36,992 | 912,223 | |
Simpson Manufacturing Co. Ltd. | 11,463 | 1,216,110 | |
The AZEK Co., Inc. (a) | 28,961 | 1,062,579 | |
Trane Technologies PLC | 62,048 | 11,226,345 | |
Trex Co., Inc. (a) | 29,946 | 3,186,254 | |
UFP Industries, Inc. | 16,451 | 1,346,185 | |
Zurn Water Solutions Corp. | 31,397 | 1,139,083 | |
78,372,802 | |||
Commercial Services & Supplies - 0.5% | |||
ABM Industries, Inc. | 16,887 | 743,197 | |
ACCO Brands Corp. | 23,771 | 196,586 | |
ADT, Inc. (b) | 37,519 | 313,284 | |
Brady Corp. Class A | 12,981 | 676,180 | |
BrightView Holdings, Inc. (a) | 14,943 | 236,996 | |
Casella Waste Systems, Inc. Class A (a) | 13,296 | 1,153,029 | |
Cimpress PLC (a) | 4,921 | 439,544 | |
Cintas Corp. | 22,803 | 9,875,979 | |
Clean Harbors, Inc. (a) | 13,007 | 1,463,808 | |
Copart, Inc. (a) | 55,707 | 8,650,740 | |
CoreCivic, Inc. (a) | 29,555 | 254,469 | |
Covanta Holding Corp. | 30,422 | 613,916 | |
Deluxe Corp. | 11,281 | 402,393 | |
Driven Brands Holdings, Inc. | 14,726 | 478,153 | |
Ennis, Inc. | 7,173 | 135,857 | |
Harsco Corp. (a) | 19,580 | 334,818 | |
Healthcare Services Group, Inc. | 18,758 | 359,966 | |
Herman Miller, Inc. | 20,842 | 811,171 | |
HNI Corp. | 11,732 | 438,777 | |
IAA, Inc. (a) | 35,699 | 2,129,445 | |
Interface, Inc. (b) | 16,649 | 239,080 | |
KAR Auction Services, Inc. (a) | 32,434 | 475,807 | |
Kimball International, Inc. Class B | 8,354 | 90,808 | |
Matthews International Corp. Class A | 7,523 | 258,566 | |
Montrose Environmental Group, Inc. (a) | 6,079 | 416,715 | |
MSA Safety, Inc. | 9,355 | 1,431,596 | |
Pitney Bowes, Inc. | 42,513 | 295,040 | |
R.R. Donnelley & Sons Co. (a)(b) | 18,229 | 116,666 | |
Republic Services, Inc. | 54,791 | 7,374,869 | |
Rollins, Inc. | 59,392 | 2,092,380 | |
SP Plus Corp. (a) | 5,619 | 181,213 | |
Steelcase, Inc. Class A | 20,937 | 249,150 | |
Stericycle, Inc. (a) | 24,774 | 1,657,876 | |
Team, Inc. (a) | 6,445 | 15,597 | |
Tetra Tech, Inc. | 14,016 | 2,462,051 | |
The Brink's Co. | 13,278 | 914,589 | |
U.S. Ecology, Inc. (a) | 7,663 | 246,672 | |
UniFirst Corp. | 4,075 | 806,687 | |
Viad Corp. (a) | 4,848 | 215,106 | |
Waste Management, Inc. | 100,930 | 16,172,014 | |
65,420,790 | |||
Construction & Engineering - 0.2% | |||
AECOM (a) | 37,421 | 2,558,474 | |
Ameresco, Inc. Class A (a)(b) | 8,152 | 669,524 | |
API Group Corp. (a) | 50,833 | 1,107,143 | |
Arcosa, Inc. | 12,029 | 622,260 | |
Argan, Inc. | 4,133 | 170,528 | |
Comfort Systems U.S.A., Inc. | 9,126 | 834,755 | |
Construction Partners, Inc. Class A (a)(b) | 10,337 | 368,101 | |
Dycom Industries, Inc. (a) | 8,290 | 658,392 | |
EMCOR Group, Inc. | 14,058 | 1,707,906 | |
Fluor Corp. (a)(b) | 36,865 | 716,656 | |
Granite Construction, Inc. (b) | 11,871 | 440,652 | |
Great Lakes Dredge & Dock Corp. (a)(b) | 17,187 | 261,586 | |
IES Holdings, Inc. (a) | 2,725 | 135,841 | |
INNOVATE Corp. (a)(b) | 15,365 | 60,692 | |
MasTec, Inc. (a) | 15,357 | 1,368,769 | |
Matrix Service Co. (a)(b) | 6,450 | 65,984 | |
MYR Group, Inc. (a) | 4,607 | 470,605 | |
NV5 Global, Inc. (a)(b) | 2,726 | 283,858 | |
Primoris Services Corp. | 15,166 | 408,724 | |
Quanta Services, Inc. | 36,147 | 4,383,908 | |
Sterling Construction Co., Inc. (a)(b) | 7,672 | 184,435 | |
Tutor Perini Corp. (a) | 9,717 | 132,346 | |
Valmont Industries, Inc. | 5,438 | 1,299,464 | |
Willscot Mobile Mini Holdings (a) | 59,211 | 2,057,582 | |
20,968,185 | |||
Electrical Equipment - 0.7% | |||
Acuity Brands, Inc. | 9,214 | 1,892,832 | |
American Superconductor Corp. (a)(b) | 5,994 | 110,170 | |
AMETEK, Inc. | 60,312 | 7,985,309 | |
Array Technologies, Inc. | 31,182 | 665,736 | |
Atkore, Inc. (a) | 11,945 | 1,129,161 | |
AZZ, Inc. | 7,002 | 372,016 | |
Blink Charging Co. (a)(b) | 9,992 | 317,746 | |
Bloom Energy Corp. Class A (a)(b) | 37,943 | 1,186,098 | |
Eaton Corp. PLC | 103,947 | 17,126,308 | |
Emerson Electric Co. | 155,606 | 15,095,338 | |
Encore Wire Corp. | 5,358 | 718,293 | |
Energous Corp. (a)(b) | 7,441 | 14,287 | |
EnerSys | 10,907 | 872,996 | |
FuelCell Energy, Inc. (a)(b) | 82,821 | 661,740 | |
Generac Holdings, Inc. (a) | 16,452 | 8,202,309 | |
GrafTech International Ltd. | 53,886 | 576,580 | |
Hubbell, Inc. Class B | 14,572 | 2,905,220 | |
nVent Electric PLC | 43,904 | 1,556,397 | |
Orion Energy Systems, Inc. (a) | 4,328 | 17,702 | |
Plug Power, Inc. (a)(b) | 134,768 | 5,157,571 | |
Powell Industries, Inc. | 3,022 | 78,149 | |
Regal Rexnord Corp. | 10,529 | 1,603,883 | |
Rockwell Automation, Inc. | 30,284 | 9,672,710 | |
Sensata Technologies, Inc. PLC (a) | 41,675 | 2,296,293 | |
Shoals Technologies Group, Inc. (b) | 26,417 | 818,663 | |
Sunrun, Inc. (a) | 53,878 | 3,107,683 | |
Thermon Group Holdings, Inc. (a) | 8,925 | 154,224 | |
TPI Composites, Inc. (a)(b) | 10,175 | 342,185 | |
Vertiv Holdings Co. | 72,974 | 1,873,972 | |
Vicor Corp. (a)(b) | 5,595 | 848,146 | |
87,359,717 | |||
Industrial Conglomerates - 0.9% | |||
3M Co. | 150,776 | 26,940,656 | |
General Electric Co. | 286,403 | 30,035,083 | |
Honeywell International, Inc. | 179,927 | 39,335,641 | |
Raven Industries, Inc. (a) | 8,964 | 518,298 | |
Roper Technologies, Inc. | 27,464 | 13,398,862 | |
110,228,540 | |||
Machinery - 1.7% | |||
AGCO Corp. | 16,412 | 2,005,711 | |
Alamo Group, Inc. (b) | 2,663 | 402,646 | |
Albany International Corp. Class A (b) | 8,539 | 688,670 | |
Allison Transmission Holdings, Inc. | 27,618 | 921,336 | |
Altra Industrial Motion Corp. | 17,118 | 892,704 | |
Astec Industries, Inc. | 6,015 | 321,081 | |
Barnes Group, Inc. | 12,121 | 508,355 | |
Blue Bird Corp. (a) | 3,746 | 73,459 | |
Caterpillar, Inc. | 142,769 | 29,126,304 | |
Chart Industries, Inc. (a) | 9,271 | 1,645,788 | |
CIRCOR International, Inc. (a) | 4,811 | 137,306 | |
Colfax Corp. (a)(b) | 33,293 | 1,718,585 | |
Columbus McKinnon Corp. (NY Shares) | 7,808 | 369,084 | |
Crane Co. | 12,950 | 1,337,476 | |
Cummins, Inc. | 37,505 | 8,995,199 | |
Deere & Co. | 74,036 | 25,343,263 | |
Donaldson Co., Inc. | 32,248 | 1,935,202 | |
Douglas Dynamics, Inc. | 6,296 | 266,321 | |
Dover Corp. | 37,507 | 6,341,684 | |
Energy Recovery, Inc. (a)(b) | 11,033 | 224,191 | |
Enerpac Tool Group Corp. Class A | 15,278 | 319,157 | |
EnPro Industries, Inc. | 5,453 | 488,916 | |
ESCO Technologies, Inc. | 6,572 | 555,728 | |
Evoqua Water Technologies Corp. (a) | 32,088 | 1,342,241 | |
ExOne Co. (a) | 3,579 | 82,389 | |
Federal Signal Corp. | 15,644 | 669,720 | |
Flowserve Corp. | 34,578 | 1,162,512 | |
Fortive Corp. | 93,329 | 7,065,939 | |
Franklin Electric Co., Inc. | 9,760 | 843,069 | |
Gorman-Rupp Co. | 6,565 | 279,144 | |
Graco, Inc. | 44,220 | 3,324,460 | |
Helios Technologies, Inc. | 8,247 | 750,889 | |
Hillenbrand, Inc. | 19,023 | 864,786 | |
Hydrofarm Holdings Group, Inc. (b) | 9,442 | 311,303 | |
Hyster-Yale Materials Handling Class A | 2,834 | 136,145 | |
IDEX Corp. | 20,138 | 4,482,115 | |
Illinois Tool Works, Inc. | 74,487 | 16,973,353 | |
Ingersoll Rand, Inc. | 106,573 | 5,729,364 | |
ITT, Inc. | 22,291 | 2,096,914 | |
John Bean Technologies Corp. (b) | 8,132 | 1,201,503 | |
Kadant, Inc. | 2,989 | 663,917 | |
Kennametal, Inc. | 22,550 | 896,363 | |
Lincoln Electric Holdings, Inc. | 15,504 | 2,207,770 | |
Lindsay Corp. | 2,854 | 415,742 | |
Manitowoc Co., Inc. (a) | 9,559 | 204,849 | |
Meritor, Inc. (a)(b) | 18,769 | 456,837 | |
Middleby Corp. (a) | 14,591 | 2,661,982 | |
Miller Industries, Inc. | 3,392 | 122,587 | |
Mueller Industries, Inc. | 14,312 | 753,384 | |
Mueller Water Products, Inc. Class A | 42,075 | 690,451 | |
Nikola Corp. (a)(b) | 52,676 | 621,577 | |
NN, Inc. (a) | 12,576 | 62,754 | |
Nordson Corp. | 14,139 | 3,594,275 | |
Omega Flex, Inc. | 816 | 118,124 | |
Oshkosh Corp. | 17,563 | 1,879,241 | |
Otis Worldwide Corp. | 111,400 | 8,946,534 | |
PACCAR, Inc. | 90,555 | 8,115,539 | |
Parker Hannifin Corp. | 33,694 | 9,993,303 | |
Pentair PLC | 42,768 | 3,163,549 | |
Proto Labs, Inc. (a) | 7,090 | 424,053 | |
RBC Bearings, Inc. (a) | 7,341 | 1,717,280 | |
REV Group, Inc. | 9,672 | 146,144 | |
Snap-On, Inc. | 14,210 | 2,887,898 | |
SPX Corp. (a) | 11,620 | 675,006 | |
SPX Flow, Inc. | 10,925 | 816,207 | |
Standex International Corp. | 3,196 | 355,619 | |
Stanley Black & Decker, Inc. | 42,695 | 7,673,572 | |
Tennant Co. | 5,079 | 403,577 | |
Terex Corp. | 17,904 | 802,099 | |
The Greenbrier Companies, Inc. | 8,196 | 336,200 | |
The Shyft Group, Inc. | 9,063 | 373,486 | |
Timken Co. | 18,109 | 1,284,834 | |
Toro Co. | 27,759 | 2,650,152 | |
Trinity Industries, Inc. (b) | 20,503 | 575,109 | |
Wabash National Corp. (b) | 12,270 | 190,553 | |
Watts Water Technologies, Inc. Class A | 7,099 | 1,348,952 | |
Welbilt, Inc. (a) | 33,184 | 785,133 | |
Westinghouse Air Brake Tech Co. | 49,152 | 4,459,561 | |
Woodward, Inc. | 16,421 | 1,854,752 | |
Xylem, Inc. | 47,061 | 6,145,696 | |
213,408,673 | |||
Marine - 0.0% | |||
Genco Shipping & Trading Ltd. | 10,065 | 172,816 | |
Kirby Corp. (a) | 15,405 | 807,376 | |
Matson, Inc. | 11,138 | 927,573 | |
1,907,765 | |||
Professional Services - 0.7% | |||
Acacia Research Corp. (a)(b) | 13,401 | 76,788 | |
ASGN, Inc. (a) | 13,686 | 1,637,667 | |
Barrett Business Services, Inc. | 2,080 | 170,560 | |
Booz Allen Hamilton Holding Corp. Class A | 35,495 | 3,083,096 | |
CACI International, Inc. Class A (a) | 6,250 | 1,797,750 | |
CBIZ, Inc. (a)(b) | 14,274 | 523,999 | |
CoStar Group, Inc. (a) | 103,100 | 8,871,755 | |
CRA International, Inc. | 1,799 | 197,566 | |
Dun & Bradstreet Holdings, Inc. (a) | 39,616 | 746,365 | |
Equifax, Inc. | 31,701 | 8,794,808 | |
Exponent, Inc. | 13,397 | 1,537,976 | |
Forrester Research, Inc. (a) | 2,804 | 149,313 | |
Franklin Covey Co. (a) | 3,703 | 156,452 | |
FTI Consulting, Inc. (a) | 9,193 | 1,323,057 | |
Heidrick & Struggles International, Inc. | 5,522 | 258,871 | |
Huron Consulting Group, Inc. (a) | 5,418 | 271,767 | |
ICF International, Inc. | 4,768 | 479,136 | |
IHS Markit Ltd. | 103,895 | 13,581,154 | |
Insperity, Inc. | 9,552 | 1,194,000 | |
Jacobs Engineering Group, Inc. | 34,230 | 4,806,577 | |
KBR, Inc. | 35,900 | 1,523,596 | |
Kelly Services, Inc. Class A (non-vtg.) | 8,563 | 154,391 | |
Kforce, Inc. | 5,520 | 357,475 | |
Korn Ferry | 14,239 | 1,099,393 | |
Leidos Holdings, Inc. | 37,113 | 3,710,558 | |
Manpower, Inc. | 14,072 | 1,360,059 | |
ManTech International Corp. Class A | 6,877 | 592,935 | |
Nielsen Holdings PLC | 94,642 | 1,916,501 | |
Resources Connection, Inc. | 8,286 | 144,259 | |
Robert Half International, Inc. | 29,349 | 3,318,491 | |
Science Applications Internati | 14,822 | 1,330,719 | |
TransUnion Holding Co., Inc. | 49,944 | 5,758,044 | |
TriNet Group, Inc. (a) | 10,293 | 1,042,166 | |
TrueBlue, Inc. (a) | 8,667 | 241,376 | |
Upwork, Inc. (a) | 30,897 | 1,455,867 | |
Verisk Analytics, Inc. | 41,955 | 8,821,878 | |
Willdan Group, Inc. (a)(b) | 2,719 | 90,896 | |
82,577,261 | |||
Road & Rail - 1.1% | |||
AMERCO | 2,573 | 1,896,275 | |
ArcBest Corp. | 6,412 | 576,118 | |
Avis Budget Group, Inc. (a)(b) | 12,370 | 2,143,845 | |
Covenant Transport Group, Inc. Class A (a) | 2,670 | 75,828 | |
CSX Corp. | 587,162 | 21,237,650 | |
Daseke, Inc. (a) | 15,364 | 145,190 | |
Heartland Express, Inc. | 11,794 | 192,596 | |
J.B. Hunt Transport Services, Inc. | 22,067 | 4,351,392 | |
Kansas City Southern | 23,641 | 7,334,620 | |
Knight-Swift Transportation Holdings, Inc. Class A | 43,590 | 2,471,117 | |
Landstar System, Inc. | 9,841 | 1,730,146 | |
Lyft, Inc. (a) | 76,154 | 3,493,184 | |
Marten Transport Ltd. | 15,872 | 263,951 | |
Norfolk Southern Corp. | 64,329 | 18,851,613 | |
Old Dominion Freight Lines, Inc. | 24,481 | 8,356,589 | |
Ryder System, Inc. | 14,067 | 1,194,992 | |
Saia, Inc. (a) | 6,814 | 2,130,329 | |
Schneider National, Inc. Class B | 8,947 | 223,138 | |
U.S. Xpress Enterprises, Inc. (a) | 5,641 | 42,702 | |
Uber Technologies, Inc. (a) | 422,784 | 18,526,395 | |
Union Pacific Corp. | 169,843 | 41,000,100 | |
Werner Enterprises, Inc. | 16,323 | 739,758 | |
XPO Logistics, Inc. (a) | 25,555 | 2,192,619 | |
Yellow Corp. (a) | 12,048 | 105,420 | |
139,275,567 | |||
Trading Companies & Distributors - 0.3% | |||
Air Lease Corp. Class A | 27,709 | 1,109,745 | |
Applied Industrial Technologies, Inc. | 10,134 | 987,862 | |
Beacon Roofing Supply, Inc. (a) | 14,329 | 757,574 | |
BlueLinx Corp. (a) | 2,378 | 113,264 | |
Boise Cascade Co. | 10,494 | 594,170 | |
CAI International, Inc. | 3,961 | 221,539 | |
DXP Enterprises, Inc. (a) | 3,857 | 127,127 | |
Fastenal Co. | 149,967 | 8,560,116 | |
GATX Corp. (b) | 9,231 | 875,560 | |
Global Industrial Co. | 4,086 | 165,810 | |
GMS, Inc. (a) | 10,883 | 539,035 | |
H&E Equipment Services, Inc. | 8,754 | 394,630 | |
Herc Holdings, Inc. | 6,466 | 1,177,071 | |
McGrath RentCorp. | 6,073 | 438,106 | |
MRC Global, Inc. (a) | 14,011 | 116,291 | |
MSC Industrial Direct Co., Inc. Class A | 11,897 | 1,000,181 | |
NOW, Inc. (a) | 28,567 | 206,254 | |
Rush Enterprises, Inc. Class A | 11,891 | 619,283 | |
SiteOne Landscape Supply, Inc. (a) | 11,690 | 2,746,682 | |
Textainer Group Holdings Ltd. (a) | 11,913 | 468,062 | |
Titan Machinery, Inc. (a) | 4,747 | 134,910 | |
Triton International Ltd. | 17,122 | 1,064,817 | |
United Rentals, Inc. (a) | 18,948 | 7,183,376 | |
Univar, Inc. (a) | 45,620 | 1,166,960 | |
Veritiv Corp. (a) | 3,658 | 392,394 | |
W.W. Grainger, Inc. | 11,449 | 5,302,146 | |
Watsco, Inc. | 8,625 | 2,497,628 | |
WESCO International, Inc. (a) | 11,591 | 1,501,730 | |
40,462,323 | |||
TOTAL INDUSTRIALS | 1,096,769,149 | ||
INFORMATION TECHNOLOGY - 27.4% | |||
Communications Equipment - 0.8% | |||
ADTRAN, Inc. | 11,771 | 217,528 | |
Applied Optoelectronics, Inc. (a)(b) | 4,366 | 33,400 | |
Arista Networks, Inc. (a) | 14,739 | 6,038,421 | |
CalAmp Corp. (a) | 8,247 | 79,336 | |
Calix, Inc. (a) | 14,462 | 905,177 | |
Casa Systems, Inc. (a) | 7,990 | 50,577 | |
Ciena Corp. (a) | 40,491 | 2,198,256 | |
Cisco Systems, Inc. | 1,098,716 | 61,495,135 | |
Clearfield, Inc. (a)(b) | 2,777 | 156,873 | |
CommScope Holding Co., Inc. (a) | 54,414 | 582,774 | |
Comtech Telecommunications Corp. | 6,797 | 146,611 | |
Digi International, Inc. (a) | 8,521 | 183,628 | |
Extreme Networks, Inc. (a) | 34,921 | 343,273 | |
F5 Networks, Inc. (a) | 15,580 | 3,289,717 | |
Harmonic, Inc. (a) | 29,651 | 268,935 | |
Infinera Corp. (a)(b) | 50,686 | 384,707 | |
Inseego Corp. (a)(b) | 16,723 | 103,683 | |
Juniper Networks, Inc. | 84,241 | 2,486,794 | |
Lumentum Holdings, Inc. (a) | 20,234 | 1,670,924 | |
Motorola Solutions, Inc. | 44,293 | 11,010,797 | |
NETGEAR, Inc. (a)(b) | 7,910 | 228,045 | |
NetScout Systems, Inc. (a) | 17,951 | 485,754 | |
Ondas Holdings, Inc. (b) | 4,377 | 37,511 | |
Plantronics, Inc. (a)(b) | 11,424 | 305,706 | |
Resonant, Inc. (a)(b) | 7,916 | 17,732 | |
Ribbon Communications, Inc. (a) | 28,375 | 155,211 | |
ViaSat, Inc. (a)(b) | 19,031 | 1,135,960 | |
Viavi Solutions, Inc. (a) | 60,752 | 935,581 | |
94,948,046 | |||
Electronic Equipment & Components - 0.8% | |||
908 Devices, Inc. (b) | 3,841 | 126,369 | |
Advanced Energy Industries, Inc. | 9,739 | 894,235 | |
Airgain, Inc. (a)(b) | 2,184 | 24,526 | |
Akoustis Technologies, Inc. (a)(b) | 10,519 | 79,103 | |
Amphenol Corp. Class A | 156,029 | 11,978,346 | |
Arlo Technologies, Inc. (a) | 19,981 | 137,869 | |
Arrow Electronics, Inc. (a) | 18,527 | 2,144,500 | |
Avnet, Inc. | 26,350 | 1,004,199 | |
Badger Meter, Inc. | 8,097 | 827,918 | |
Belden, Inc. | 11,157 | 671,763 | |
Benchmark Electronics, Inc. | 8,085 | 188,461 | |
CDW Corp. | 35,992 | 6,717,907 | |
Cognex Corp. | 46,477 | 4,070,920 | |
Coherent, Inc. (a) | 6,393 | 1,626,379 | |
Corning, Inc. | 200,911 | 7,146,404 | |
CTS Corp. (b) | 7,904 | 281,540 | |
ePlus, Inc. (a) | 3,340 | 369,304 | |
Fabrinet (a) | 9,635 | 924,960 | |
FARO Technologies, Inc. (a) | 4,320 | 317,822 | |
II-VI, Inc.(a)(b) | 27,224 | 1,647,324 | |
Insight Enterprises, Inc. (a) | 8,824 | 835,633 | |
Intellicheck, Inc. (a)(b) | 3,856 | 34,280 | |
IPG Photonics Corp. (a) | 9,455 | 1,503,440 | |
Itron, Inc. (a) | 12,034 | 935,884 | |
Jabil, Inc. | 37,684 | 2,259,533 | |
Keysight Technologies, Inc. (a) | 48,163 | 8,670,303 | |
Kimball Electronics, Inc. (a) | 5,774 | 166,003 | |
Knowles Corp. (a) | 25,783 | 537,318 | |
Littelfuse, Inc. | 6,427 | 1,893,073 | |
Luna Innovations, Inc. (a)(b) | 7,230 | 70,420 | |
Methode Electronics, Inc. Class A | 10,074 | 423,813 | |
MicroVision, Inc. (a)(b) | 42,935 | 326,735 | |
Napco Security Technolgies, Inc. (a) | 4,085 | 195,917 | |
National Instruments Corp. | 36,068 | 1,531,808 | |
nLIGHT, Inc. (a) | 11,684 | 328,554 | |
Novanta, Inc. (a) | 9,090 | 1,568,570 | |
OSI Systems, Inc. (a) | 4,297 | 400,094 | |
Par Technology Corp. (a)(b) | 6,439 | 404,498 | |
PC Connection, Inc. | 3,190 | 146,900 | |
Plexus Corp. (a) | 7,199 | 628,617 | |
Rogers Corp. (a)(b) | 4,784 | 962,158 | |
Sanmina Corp. (a) | 16,887 | 637,484 | |
ScanSource, Inc. (a) | 6,311 | 225,808 | |
TD SYNNEX Corp. | 10,891 | 1,143,555 | |
TE Connectivity Ltd. | 85,630 | 12,501,980 | |
Teledyne Technologies, Inc. (a) | 12,173 | 5,468,355 | |
Trimble, Inc. (a) | 66,050 | 5,770,789 | |
TTM Technologies, Inc. (a)(b) | 26,472 | 350,489 | |
Vishay Intertechnology, Inc. | 35,489 | 682,099 | |
Vishay Precision Group, Inc. (a) | 3,213 | 109,531 | |
Vontier Corp. | 43,310 | 1,465,177 | |
Wrap Technologies, Inc. (a) | 4,906 | 27,964 | |
Zebra Technologies Corp. Class A (a) | 13,981 | 7,465,155 | |
100,851,786 | |||
IT Services - 4.8% | |||
Accenture PLC Class A | 165,189 | 59,268,161 | |
Affirm Holdings, Inc. | 24,222 | 3,936,075 | |
Akamai Technologies, Inc. (a) | 42,687 | 4,501,771 | |
Alliance Data Systems Corp. | 13,033 | 1,111,063 | |
Amdocs Ltd. | 33,462 | 2,604,682 | |
Automatic Data Processing, Inc. | 110,234 | 24,746,431 | |
BigCommerce Holdings, Inc. (a)(b) | 15,417 | 712,420 | |
Brightcove, Inc. (a) | 10,680 | 105,946 | |
Broadridge Financial Solutions, Inc. | 30,384 | 5,420,809 | |
Cantaloupe, Inc. (a)(b) | 14,504 | 181,300 | |
Cass Information Systems, Inc. | 2,737 | 112,190 | |
Cloudflare, Inc. (a) | 68,740 | 13,385,053 | |
Cognizant Technology Solutions Corp. Class A | 137,262 | 10,718,790 | |
Concentrix Corp. | 11,093 | 1,971,004 | |
Conduent, Inc. (a) | 46,689 | 315,151 | |
CSG Systems International, Inc. | 8,534 | 427,127 | |
DXC Technology Co. (a) | 65,095 | 2,120,144 | |
EPAM Systems, Inc. (a) | 14,797 | 9,961,932 | |
Euronet Worldwide, Inc. (a) | 13,766 | 1,544,408 | |
EVERTEC, Inc. | 15,124 | 683,756 | |
EVO Payments, Inc. Class A (a) | 11,479 | 248,865 | |
ExlService Holdings, Inc. (a) | 8,878 | 1,088,709 | |
Fastly, Inc. Class A (a)(b) | 27,493 | 1,391,421 | |
Fidelity National Information Services, Inc. | 161,129 | 17,843,425 | |
Fiserv, Inc. (a) | 155,487 | 15,313,915 | |
FleetCor Technologies, Inc. (a) | 21,661 | 5,359,148 | |
Gartner, Inc. (a) | 21,862 | 7,256,216 | |
Genpact Ltd. | 44,436 | 2,192,917 | |
Global Payments, Inc. | 76,437 | 10,929,727 | |
GoDaddy, Inc. (a) | 44,206 | 3,057,729 | |
GreenSky, Inc. Class A (a) | 18,576 | 227,370 | |
Grid Dynamics Holdings, Inc. (a)�� | 11,306 | 325,048 | |
Hackett Group, Inc. | 6,273 | 132,611 | |
i3 Verticals, Inc. Class A (a) | 5,749 | 128,720 | |
IBM Corp. | 233,709 | 29,236,996 | |
International Money Express, Inc. (a) | 10,448 | 174,900 | |
Jack Henry & Associates, Inc. | 19,202 | 3,196,749 | |
Limelight Networks, Inc. (a)(b) | 32,118 | 95,712 | |
Liveramp Holdings, Inc. (a) | 17,817 | 953,388 | |
MasterCard, Inc. Class A | 227,148 | 76,212,697 | |
Maximus, Inc. | 16,590 | 1,403,016 | |
MoneyGram International, Inc. (a) | 24,485 | 146,175 | |
MongoDB, Inc. Class A (a) | 16,878 | 8,798,333 | |
Okta, Inc. (a) | 32,657 | 8,072,157 | |
Paychex, Inc. | 83,470 | 10,290,182 | |
PayPal Holdings, Inc. (a) | 306,411 | 71,268,134 | |
Paysign, Inc. (a)(b) | 4,632 | 11,673 | |
Perficient, Inc. (a) | 8,601 | 1,063,084 | |
Rackspace Technology, Inc. (a)(b) | 16,648 | 221,252 | |
Repay Holdings Corp. (a)(b) | 19,070 | 400,661 | |
Sabre Corp. (a)(b) | 82,785 | 859,308 | |
Sezzle, Inc. unit (a)(b) | 24,080 | 96,005 | |
Shift4 Payments, Inc. (a)(b) | 12,338 | 778,898 | |
Snowflake Computing, Inc. (a) | 59,489 | 21,049,588 | |
SolarWinds, Inc. (b) | 11,855 | 190,866 | |
Square, Inc. (a) | 103,671 | 26,384,270 | |
Switch, Inc. Class A | 32,618 | 824,583 | |
The Western Union Co. | 104,843 | 1,910,239 | |
Ttec Holdings, Inc. | 5,035 | 475,254 | |
Tucows, Inc. (a)(b) | 2,433 | 200,236 | |
Twilio, Inc. Class A (a) | 43,562 | 12,692,224 | |
Unisys Corp. (a) | 17,002 | 434,741 | |
VeriSign, Inc. (a) | 25,425 | 5,661,385 | |
Verra Mobility Corp. (a) | 34,559 | 514,238 | |
Visa, Inc. Class A | 440,014 | 93,181,765 | |
WEX, Inc. (a) | 11,697 | 1,751,041 | |
587,873,784 | |||
Semiconductors & Semiconductor Equipment - 5.3% | |||
ACM Research, Inc. (a)(b) | 3,194 | 339,107 | |
Advanced Micro Devices, Inc. (a) | 316,296 | 38,028,268 | |
Allegro MicroSystems LLC (a) | 14,724 | 491,193 | |
Alpha & Omega Semiconductor Ltd. (a) | 5,593 | 193,797 | |
Ambarella, Inc. (a) | 9,451 | 1,756,279 | |
Amkor Technology, Inc. | 26,389 | 578,447 | |
Analog Devices, Inc. | 140,300 | 24,340,647 | |
Applied Materials, Inc. | 238,442 | 32,583,099 | |
Atomera, Inc. (a)(b) | 4,668 | 100,875 | |
Axcelis Technologies, Inc. (a) | 8,926 | 490,305 | |
AXT, Inc. (a)(b) | 9,427 | 77,019 | |
Broadcom, Inc. | 106,851 | 56,809,471 | |
Brooks Automation, Inc. | 19,196 | 2,235,374 | |
CEVA, Inc. (a) | 5,792 | 264,173 | |
Cirrus Logic, Inc. (a) | 14,815 | 1,197,200 | |
CMC Materials, Inc. | 7,533 | 967,011 | |
Cohu, Inc. (a) | 11,974 | 383,647 | |
CyberOptics Corp. (a) | 1,782 | 74,416 | |
Diodes, Inc. (a) | 12,023 | 1,155,290 | |
DSP Group, Inc. (a) | 5,319 | 116,858 | |
Enphase Energy, Inc. (a) | 35,125 | 8,136,004 | |
Entegris, Inc. | 35,194 | 4,954,611 | |
First Solar, Inc. (a) | 25,871 | 3,093,913 | |
FormFactor, Inc. (a) | 20,036 | 797,032 | |
Ichor Holdings Ltd. (a) | 7,281 | 318,325 | |
Impinj, Inc. (a)(b) | 5,017 | 349,785 | |
Intel Corp. | 1,057,807 | 51,832,543 | |
KLA Corp. | 39,872 | 14,862,687 | |
Kopin Corp. (a)(b) | 17,638 | 92,423 | |
Kulicke & Soffa Industries, Inc. (b) | 15,881 | 905,217 | |
Lam Research Corp. | 37,187 | 20,957,478 | |
Lattice Semiconductor Corp. (a) | 35,535 | 2,467,550 | |
MACOM Technology Solutions Holdings, Inc. (a) | 12,821 | 895,162 | |
Marvell Technology, Inc. | 213,753 | 14,642,081 | |
MaxLinear, Inc. Class A (a) | 18,719 | 1,179,297 | |
Microchip Technology, Inc. | 143,264 | 10,614,430 | |
Micron Technology, Inc. | 293,600 | 20,287,760 | |
MKS Instruments, Inc. | 14,364 | 2,155,318 | |
Monolithic Power Systems, Inc. | 11,269 | 5,921,409 | |
NeoPhotonics Corp. (a) | 13,328 | 134,879 | |
NVE Corp. | 1,139 | 77,418 | |
NVIDIA Corp. | 649,808 | 166,136,411 | |
NXP Semiconductors NV | 69,114 | 13,882,238 | |
ON Semiconductor Corp. (a) | 112,841 | 5,424,267 | |
Onto Innovation, Inc. (a) | 12,575 | 996,066 | |
PDF Solutions, Inc. (a) | 7,788 | 183,252 | |
Photronics, Inc. (a) | 16,170 | 210,048 | |
Pixelworks, Inc. (a) | 11,824 | 48,360 | |
Power Integrations, Inc. | 15,519 | 1,601,716 | |
Qorvo, Inc. (a) | 29,157 | 4,905,082 | |
Qualcomm, Inc. | 294,010 | 39,115,090 | |
Rambus, Inc. (a)(b) | 28,408 | 661,054 | |
Semtech Corp. (a) | 16,591 | 1,410,733 | |
Silicon Laboratories, Inc. (a)(b) | 10,660 | 2,012,182 | |
SiTime Corp. (a)(b) | 3,336 | 883,673 | |
Skyworks Solutions, Inc. | 43,132 | 7,208,651 | |
SMART Global Holdings, Inc. (a) | 6,014 | 321,508 | |
SolarEdge Technologies, Inc. (a) | 13,630 | 4,834,288 | |
SunPower Corp. (a)(b) | 21,922 | 737,895 | |
Synaptics, Inc. (a) | 9,129 | 1,776,230 | |
Teradyne, Inc. | 43,128 | 5,962,015 | |
Texas Instruments, Inc. | 240,653 | 45,117,624 | |
Ultra Clean Holdings, Inc. (a) | 12,003 | 594,989 | |
Universal Display Corp. | 11,281 | 2,066,679 | |
Veeco Instruments, Inc. (a)(b) | 14,282 | 346,910 | |
Wolfspeed, Inc. (a) | 30,206 | 3,628,043 | |
Xilinx, Inc. | 64,570 | 11,622,600 | |
648,545,402 | |||
Software - 10.4% | |||
8x8, Inc. (a) | 29,286 | 663,621 | |
A10 Networks, Inc. | 14,522 | 271,416 | |
ACI Worldwide, Inc. (a) | 30,881 | 947,429 | |
Adobe, Inc. (a) | 124,204 | 80,777,313 | |
Agilysys, Inc. (a) | 5,056 | 241,272 | |
Alarm.com Holdings, Inc. (a) | 11,973 | 1,008,845 | |
Altair Engineering, Inc. Class A (a)(b) | 12,973 | 1,009,170 | |
Alteryx, Inc. Class A (a) | 15,888 | 1,162,843 | |
American Software, Inc. Class A | 8,470 | 245,037 | |
Anaplan, Inc. (a) | 37,734 | 2,460,634 | |
ANSYS, Inc. (a) | 22,892 | 8,689,345 | |
AppFolio, Inc. (a)(b) | 5,063 | 666,746 | |
Appian Corp. Class A (a)(b) | 10,357 | 1,029,589 | |
Asana, Inc. (a) | 20,426 | 2,773,851 | |
Aspen Technology, Inc. (a) | 17,780 | 2,785,948 | |
Autodesk, Inc. (a) | 57,420 | 18,237,166 | |
Avalara, Inc. (a) | 22,450 | 4,032,918 | |
Avaya Holdings Corp. (a) | 20,828 | 387,817 | |
Benefitfocus, Inc. (a)(b) | 8,004 | 87,724 | |
Bill.Com Holdings, Inc. (a) | 23,059 | 6,786,494 | |
Black Knight, Inc. (a) | 40,700 | 2,853,477 | |
Blackbaud, Inc. (a) | 11,055 | 785,016 | |
BlackLine, Inc. (a)(b) | 13,834 | 1,755,120 | |
Bottomline Technologies, Inc. (a) | 9,843 | 455,731 | |
Box, Inc. Class A (a) | 39,654 | 1,024,263 | |
C3.Ai, Inc. (b) | 18,188 | 820,643 | |
Cadence Design Systems, Inc. (a) | 72,422 | 12,536,972 | |
CDK Global, Inc. | 32,620 | 1,419,622 | |
Cerence, Inc. (a)(b) | 9,676 | 1,017,238 | |
Ceridian HCM Holding, Inc. (a) | 35,016 | 4,385,754 | |
ChannelAdvisor Corp. (a) | 7,166 | 182,805 | |
Citrix Systems, Inc. | 32,230 | 3,053,148 | |
CommVault Systems, Inc. (a) | 12,085 | 743,228 | |
Consensus Cloud Solutions, Inc. (a) | 6,001 | 380,043 | |
Coupa Software, Inc. (a) | 19,245 | 4,382,087 | |
Crowdstrike Holdings, Inc. (a) | 52,009 | 14,656,136 | |
Datadog, Inc. Class A (a) | 62,596 | 10,456,662 | |
Digimarc Corp. (a)(b) | 3,439 | 173,773 | |
Digital Turbine, Inc. (a)(b) | 22,528 | 1,938,760 | |
DocuSign, Inc. (a) | 50,843 | 14,149,098 | |
Dolby Laboratories, Inc. Class A | 16,761 | 1,480,834 | |
Domo, Inc. Class B (a) | 7,344 | 648,842 | |
Dropbox, Inc. Class A (a) | 73,799 | 2,250,132 | |
Duck Creek Technologies, Inc. (a) | 19,603 | 617,495 | |
Dynatrace, Inc. (a) | 51,675 | 3,875,625 | |
Ebix, Inc. (b) | 5,721 | 187,706 | |
eGain Communications Corp. (a) | 5,073 | 52,353 | |
Elastic NV (a) | 18,742 | 3,251,924 | |
Envestnet, Inc. (a) | 13,878 | 1,158,813 | |
Everbridge, Inc. (a)(b) | 9,951 | 1,585,294 | |
Fair Isaac Corp. (a) | 7,346 | 2,925,177 | |
Five9, Inc. (a) | 17,822 | 2,816,054 | |
Fortinet, Inc. (a) | 35,436 | 11,918,544 | |
Guidewire Software, Inc. (a) | 22,039 | 2,770,963 | |
HubSpot, Inc. (a) | 11,653 | 9,441,610 | |
Intelligent Systems Corp. (a)(b) | 1,650 | 69,845 | |
InterDigital, Inc. | 7,565 | 506,477 | |
Intuit, Inc. | 71,259 | 44,607,421 | |
Jamf Holding Corp. (a)(b) | 14,181 | 675,725 | |
LivePerson, Inc. (a)(b) | 16,798 | 865,265 | |
Mandiant, Inc. (a) | 61,023 | 1,064,241 | |
Manhattan Associates, Inc. (a) | 16,695 | 3,030,810 | |
McAfee Corp. | 19,291 | 412,249 | |
Microsoft Corp. | 1,959,406 | 649,778,167 | |
MicroStrategy, Inc. Class A (a)(b) | 2,018 | 1,442,991 | |
Mimecast Ltd. (a) | 15,678 | 1,182,748 | |
Mitek Systems, Inc. (a)(b) | 12,054 | 226,977 | |
Model N, Inc. (a)(b) | 8,000 | 259,280 | |
Momentive Global, Inc. (a) | 33,273 | 762,617 | |
N-able, Inc. (a)(b) | 18,651 | 248,058 | |
nCino, Inc. (a)(b) | 14,632 | 1,063,161 | |
NCR Corp. (a) | 34,035 | 1,345,744 | |
New Relic, Inc. (a) | 15,143 | 1,229,006 | |
NortonLifeLock, Inc. | 151,464 | 3,854,759 | |
Nuance Communications, Inc. (a) | 73,663 | 4,055,148 | |
Nutanix, Inc. Class A (a) | 52,750 | 1,809,853 | |
ON24, Inc. (a) | 2,190 | 41,895 | |
Onespan, Inc. (a) | 8,398 | 171,487 | |
Oracle Corp. | 429,415 | 41,198,075 | |
Pagerduty, Inc. (a)(b) | 19,366 | 808,531 | |
Palantir Technologies, Inc. (a) | 409,475 | 10,597,213 | |
Palo Alto Networks, Inc. (a) | 25,416 | 12,939,031 | |
Paycom Software, Inc. (a) | 12,566 | 6,884,283 | |
Paylocity Holding Corp. (a) | 10,223 | 3,119,446 | |
Pegasystems, Inc. | 10,356 | 1,229,464 | |
Ping Identity Holding Corp. (a) | 13,303 | 376,874 | |
Progress Software Corp. | 12,051 | 619,542 | |
PROS Holdings, Inc. (a) | 9,954 | 298,620 | |
PTC, Inc. (a) | 27,445 | 3,495,121 | |
Q2 Holdings, Inc. (a) | 14,766 | 1,158,540 | |
QAD, Inc. Class A | 3,122 | 273,612 | |
Qualtrics International, Inc. | 16,413 | 760,250 | |
Qualys, Inc. (a) | 8,741 | 1,088,080 | |
Rapid7, Inc. (a) | 14,358 | 1,848,593 | |
RingCentral, Inc. (a) | 21,255 | 5,181,544 | |
SailPoint Technologies Holding, Inc. (a)(b) | 24,641 | 1,182,275 | |
Salesforce.com, Inc. (a) | 253,333 | 75,921,367 | |
SecureWorks Corp. (a) | 3,430 | 63,181 | |
ServiceNow, Inc. (a) | 51,683 | 36,062,330 | |
ShotSpotter, Inc. (a) | 1,999 | 77,781 | |
Smartsheet, Inc. (a) | 32,430 | 2,237,994 | |
Smith Micro Software, Inc. (a) | 9,703 | 55,307 | |
Splunk, Inc. (a) | 42,857 | 7,063,691 | |
Sprout Social, Inc. (a) | 11,627 | 1,484,535 | |
SPS Commerce, Inc. (a) | 9,196 | 1,404,505 | |
SS&C Technologies Holdings, Inc. | 57,682 | 4,583,989 | |
Synchronoss Technologies, Inc. (a) | 6,287 | 16,598 | |
Synopsys, Inc. (a) | 39,875 | 13,285,553 | |
Telos Corp. | 13,832 | 358,387 | |
Tenable Holdings, Inc. (a)(b) | 23,592 | 1,256,274 | |
Teradata Corp. (a) | 28,181 | 1,593,917 | |
The Trade Desk, Inc. (a) | 113,366 | 8,492,247 | |
Tyler Technologies, Inc. (a) | 10,620 | 5,768,996 | |
Upland Software, Inc. (a) | 7,309 | 243,901 | |
Varonis Systems, Inc. (a)(b) | 27,688 | 1,792,521 | |
Verint Systems, Inc. (a) | 16,877 | 786,468 | |
Veritone, Inc. (a)(b) | 6,586 | 196,987 | |
Vertex, Inc. Class A (a)(b) | 6,013 | 125,191 | |
Viant Technology, Inc. | 2,859 | 33,593 | |
VirnetX Holding Corp. (a)(b) | 13,724 | 52,837 | |
VMware, Inc. Class A (a) | 20,833 | 3,160,366 | |
Vobile Group Ltd. (a) | 265,000 | 232,626 | |
Vonage Holdings Corp. (a) | 65,375 | 1,053,845 | |
Workday, Inc. Class A (a) | 49,333 | 14,305,583 | |
Workiva, Inc. (a) | 11,235 | 1,680,194 | |
Xperi Holding Corp. | 26,308 | 471,439 | |
Yext, Inc. (a) | 30,859 | 388,515 | |
Zendesk, Inc. (a) | 31,443 | 3,200,897 | |
Zix Corp. (a) | 12,365 | 104,732 | |
Zoom Video Communications, Inc. Class A (a) | 56,419 | 15,495,478 | |
Zscaler, Inc. (a) | 20,413 | 6,508,889 | |
Zuora, Inc. (a)(b) | 29,197 | 638,246 | |
1,278,378,098 | |||
Technology Hardware, Storage & Peripherals - 5.3% | |||
3D Systems Corp. (a) | 32,145 | 905,203 | |
Apple, Inc. | 4,094,661 | 613,380,218 | |
Avid Technology, Inc. (a) | 10,463 | 299,660 | |
Corsair Gaming, Inc. (a)(b) | 9,044 | 221,126 | |
Dell Technologies, Inc. (a) | 72,044 | 7,924,120 | |
Diebold Nixdorf, Inc. (a)(b) | 19,642 | 176,778 | |
Eastman Kodak Co. (a)(b) | 16,294 | 110,636 | |
Hewlett Packard Enterprise Co. | 344,561 | 5,047,819 | |
HP, Inc. | 314,202 | 9,529,747 | |
Immersion Corp. (a)(b) | 3,990 | 31,880 | |
NetApp, Inc. | 58,938 | 5,263,163 | |
Pure Storage, Inc. Class A (a) | 68,879 | 1,850,090 | |
Razer, Inc. (a)(d) | 1,077,000 | 258,696 | |
Seagate Technology Holdings PLC | 54,842 | 4,884,777 | |
Super Micro Computer, Inc. (a) | 10,699 | 378,638 | |
Turtle Beach Corp. (a)(b) | 4,485 | 128,989 | |
Western Digital Corp. (a) | 80,641 | 4,216,718 | |
Xerox Holdings Corp. | 36,746 | 654,079 | |
655,262,337 | |||
TOTAL INFORMATION TECHNOLOGY | 3,365,859,453 | ||
MATERIALS - 2.7% | |||
Chemicals - 1.7% | |||
AdvanSix, Inc. | 6,911 | 335,875 | |
Air Products & Chemicals, Inc. | 57,691 | 17,296,339 | |
Albemarle Corp. U.S. | 30,576 | 7,658,371 | |
American Vanguard Corp. | 5,948 | 92,670 | |
Amyris, Inc. (a)(b) | 48,376 | 716,932 | |
Ashland Global Holdings, Inc. (b) | 14,929 | 1,433,333 | |
Avient Corp. (b) | 23,482 | 1,265,210 | |
Axalta Coating Systems Ltd. (a) | 55,870 | 1,742,585 | |
Balchem Corp. | 8,471 | 1,296,825 | |
Cabot Corp. | 15,077 | 804,358 | |
Celanese Corp. Class A | 29,307 | 4,733,374 | |
CF Industries Holdings, Inc. | 56,600 | 3,214,880 | |
Chase Corp. | 2,015 | 193,440 | |
Corteva, Inc. | 192,124 | 8,290,151 | |
Dow, Inc. | 195,087 | 10,919,019 | |
DuPont de Nemours, Inc. | 136,765 | 9,518,844 | |
Eastman Chemical Co. | 35,063 | 3,647,604 | |
Ecolab, Inc. | 64,873 | 14,416,078 | |
Ecovyst, Inc. | 14,597 | 170,493 | |
Element Solutions, Inc. | 55,859 | 1,268,558 | |
Ferro Corp. (a) | 20,525 | 431,436 | |
FMC Corp. | 33,280 | 3,028,813 | |
FutureFuel Corp. | 5,729 | 40,447 | |
GCP Applied Technologies, Inc. (a) | 16,236 | 367,096 | |
H.B. Fuller Co. | 14,394 | 1,014,921 | |
Hawkins, Inc. | 4,798 | 175,943 | |
Huntsman Corp. | 54,298 | 1,769,029 | |
Ingevity Corp. (a) | 10,251 | 798,655 | |
Innospec, Inc. | 6,615 | 599,385 | |
International Flavors & Fragrances, Inc. | 65,021 | 9,587,346 | |
Intrepid Potash, Inc. (a) | 2,547 | 124,064 | |
Koppers Holdings, Inc. (a)(b) | 4,957 | 173,941 | |
Kraton Performance Polymers, Inc. (a) | 8,107 | 370,085 | |
Kronos Worldwide, Inc. | 6,969 | 90,806 | |
Linde PLC | 134,497 | 42,931,442 | |
Livent Corp. (a)(b) | 43,489 | 1,227,260 | |
Loop Industries, Inc. (a)(b) | 5,502 | 86,436 | |
LyondellBasell Industries NV Class A | 69,312 | 6,433,540 | |
Minerals Technologies, Inc. | 8,833 | 626,613 | |
NewMarket Corp. | 1,813 | 616,438 | |
Olin Corp. | 37,940 | 2,161,821 | |
Orion Engineered Carbons SA (a) | 15,448 | 290,422 | |
PPG Industries, Inc. | 61,983 | 9,952,610 | |
Quaker Chemical Corp. (b) | 3,585 | 881,336 | |
Rayonier Advanced Materials, Inc. (a) | 14,854 | 106,652 | |
RPM International, Inc. | 33,495 | 2,920,764 | |
Sensient Technologies Corp. | 11,105 | 1,061,638 | |
Sherwin-Williams Co. | 63,126 | 19,986,323 | |
Stepan Co. | 5,283 | 634,066 | |
The Chemours Co. LLC | 44,263 | 1,240,249 | |
The Mosaic Co. | 90,781 | 3,773,766 | |
The Scotts Miracle-Gro Co. Class A | 10,749 | 1,595,797 | |
Tredegar Corp. | 6,860 | 82,732 | |
Trinseo PLC (b) | 9,559 | 535,878 | |
Tronox Holdings PLC | 29,271 | 682,600 | |
Valvoline, Inc. | 46,323 | 1,573,129 | |
Westlake Chemical Corp. | 8,921 | 868,370 | |
207,856,788 | |||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 10,744 | 1,593,980 | |
Forterra, Inc. (a) | 7,736 | 184,272 | |
Martin Marietta Materials, Inc. | 16,331 | 6,415,470 | |
Summit Materials, Inc. (a) | 31,122 | 1,109,499 | |
Vulcan Materials Co. | 34,719 | 6,600,776 | |
15,903,997 | |||
Containers & Packaging - 0.4% | |||
Amcor PLC | 400,771 | 4,837,306 | |
Aptargroup, Inc. | 17,078 | 2,062,681 | |
Avery Dennison Corp. | 21,501 | 4,681,198 | |
Ball Corp. | 85,283 | 7,801,689 | |
Berry Global Group, Inc. (a) | 35,431 | 2,322,148 | |
Crown Holdings, Inc. | 34,603 | 3,598,366 | |
Graphic Packaging Holding Co. | 72,907 | 1,453,037 | |
Greif, Inc. Class A | 7,061 | 456,705 | |
International Paper Co. | 101,502 | 5,041,604 | |
Myers Industries, Inc. | 8,909 | 183,347 | |
O-I Glass, Inc. (a) | 39,442 | 514,718 | |
Packaging Corp. of America | 25,134 | 3,452,658 | |
Pactiv Evergreen, Inc. | 11,892 | 165,418 | |
Ranpak Holdings Corp. (A Shares) (a) | 10,649 | 366,965 | |
Sealed Air Corp. | 38,465 | 2,281,744 | |
Silgan Holdings, Inc. | 22,177 | 891,515 | |
Sonoco Products Co. | 25,506 | 1,478,073 | |
TriMas Corp. | 10,474 | 349,308 | |
WestRock Co. | 70,515 | 3,391,772 | |
45,330,252 | |||
Metals & Mining - 0.5% | |||
Alcoa Corp. | 48,452 | 2,226,369 | |
Allegheny Technologies, Inc. (a)(b) | 33,186 | 534,295 | |
Arconic Corp. (a) | 28,461 | 837,323 | |
Carpenter Technology Corp. | 12,512 | 386,371 | |
Century Aluminum Co. (a) | 12,934 | 170,858 | |
Cleveland-Cliffs, Inc. (a) | 118,245 | 2,850,887 | |
Coeur d'Alene Mines Corp. (a) | 69,430 | 439,492 | |
Commercial Metals Co. | 30,823 | 991,884 | |
Compass Minerals International, Inc. | 8,419 | 552,286 | |
Coronado Global Resources, Inc. unit (a)(d) | 199,998 | 205,362 | |
Freeport-McMoRan, Inc. | 383,334 | 14,459,358 | |
Gatos Silver, Inc. | 12,259 | 148,334 | |
Gold Resource Corp. | 13,060 | 24,030 | |
Haynes International, Inc. | 2,872 | 115,253 | |
Hecla Mining Co. | 136,427 | 788,548 | |
Kaiser Aluminum Corp. (b) | 4,228 | 410,708 | |
Materion Corp. | 5,003 | 361,117 | |
McEwen Mining, Inc. (a)(b) | 72,451 | 79,696 | |
Newmont Corp. | 208,550 | 11,261,700 | |
Nucor Corp. | 76,691 | 8,562,550 | |
Reliance Steel & Aluminum Co. | 16,541 | 2,417,633 | |
Royal Gold, Inc. | 17,919 | 1,774,339 | |
Ryerson Holding Corp. | 4,736 | 124,841 | |
Schnitzer Steel Industries, Inc. Class A | 6,814 | 366,593 | |
Steel Dynamics, Inc. | 50,876 | 3,361,886 | |
SunCoke Energy, Inc. | 20,669 | 149,230 | |
TimkenSteel Corp. (a)(b) | 8,927 | 124,532 | |
United States Steel Corp. | 71,676 | 1,891,530 | |
Warrior Metropolitan Coal, Inc. | 13,649 | 327,167 | |
Worthington Industries, Inc. | 8,606 | 467,478 | |
56,411,650 | |||
Paper & Forest Products - 0.0% | |||
Clearwater Paper Corp. (a)(b) | 4,217 | 176,397 | |
Domtar Corp. (a) | 12,803 | 698,916 | |
Glatfelter Corp. (b) | 10,212 | 167,783 | |
Louisiana-Pacific Corp. | 24,508 | 1,444,256 | |
Mercer International, Inc. (SBI) | 8,843 | 95,239 | |
Neenah, Inc. | 4,691 | 237,083 | |
Resolute Forest Products | 12,406 | 145,895 | |
Schweitzer-Mauduit International, Inc. | 8,119 | 282,866 | |
Verso Corp. | 7,373 | 162,796 | |
3,411,231 | |||
TOTAL MATERIALS | 328,913,918 | ||
REAL ESTATE - 3.3% | |||
Equity Real Estate Investment Trusts (REITs) - 3.2% | |||
Acadia Realty Trust (SBI) | 23,564 | 503,798 | |
Agree Realty Corp. | 17,957 | 1,276,024 | |
Alexander & Baldwin, Inc. | 18,296 | 448,801 | |
Alexanders, Inc. | 466 | 129,911 | |
Alexandria Real Estate Equities, Inc. | 36,240 | 7,398,034 | |
American Assets Trust, Inc. | 13,638 | 515,926 | |
American Campus Communities, Inc. | 37,491 | 2,014,017 | |
American Finance Trust, Inc. | 32,323 | 267,634 | |
American Homes 4 Rent Class A | 73,305 | 2,976,183 | |
American Tower Corp. | 118,659 | 33,458,278 | |
Americold Realty Trust | 67,882 | 2,000,483 | |
Apartment Income (REIT) Corp. | 40,573 | 2,175,119 | |
Apartment Investment & Management Co. Class A | 43,473 | 329,525 | |
Apple Hospitality (REIT), Inc. | 59,253 | 930,865 | |
Armada Hoffler Properties, Inc. | 13,951 | 191,268 | |
AvalonBay Communities, Inc. | 36,527 | 8,645,210 | |
Bluerock Residential Growth (REIT), Inc. | 5,687 | 76,945 | |
Boston Properties, Inc. | 37,474 | 4,258,545 | |
Brandywine Realty Trust (SBI) | 44,990 | 596,118 | |
Brixmor Property Group, Inc. | 76,799 | 1,800,169 | |
Broadstone Net Lease, Inc. | 41,612 | 1,106,463 | |
Camden Property Trust (SBI) | 26,266 | 4,283,985 | |
CareTrust (REIT), Inc. | 25,978 | 539,044 | |
CatchMark Timber Trust, Inc. | 10,705 | 91,635 | |
Centerspace | 3,917 | 396,557 | |
Chatham Lodging Trust (a) | 10,453 | 132,649 | |
City Office REIT, Inc. | 10,725 | 203,453 | |
Columbia Property Trust, Inc. | 29,930 | 573,758 | |
Community Healthcare Trust, Inc. | 6,896 | 329,905 | |
CorEnergy Infrastructure Trust, Inc. | 2,534 | 12,011 | |
CoreSite Realty Corp. | 11,732 | 1,671,341 | |
Corporate Office Properties Trust (SBI) | 28,324 | 768,147 | |
Cousins Properties, Inc. | 38,864 | 1,539,403 | |
Crown Castle International Corp. | 112,753 | 20,329,366 | |
CTO Realty Growth, Inc. (b) | 1,691 | 90,655 | |
CubeSmart | 52,397 | 2,882,359 | |
CyrusOne, Inc. | 32,215 | 2,642,274 | |
DiamondRock Hospitality Co. (a) | 53,872 | 487,003 | |
Digital Realty Trust, Inc. | 73,847 | 11,653,795 | |
Digitalbridge Group, Inc. (a)(b) | 126,998 | 850,887 | |
Diversified Healthcare Trust (SBI) | 60,579 | 220,508 | |
Douglas Emmett, Inc. | 45,767 | 1,495,666 | |
Duke Realty Corp. | 99,226 | 5,580,470 | |
Easterly Government Properties, Inc. | 24,447 | 514,120 | |
EastGroup Properties, Inc. | 10,632 | 2,102,797 | |
Empire State Realty Trust, Inc. | 36,661 | 354,878 | |
EPR Properties | 19,363 | 972,216 | |
Equinix, Inc. | 23,416 | 19,600,831 | |
Equity Commonwealth | 31,952 | 828,515 | |
Equity Lifestyle Properties, Inc. | 45,179 | 3,818,077 | |
Equity Residential (SBI) | 89,132 | 7,701,005 | |
Essential Properties Realty Trust, Inc. | 30,481 | 908,029 | |
Essex Property Trust, Inc. | 17,075 | 5,804,305 | |
Extra Space Storage, Inc. | 35,040 | 6,915,845 | |
Farmland Partners, Inc. | 6,178 | 69,441 | |
Federal Realty Investment Trust (SBI) | 18,197 | 2,190,009 | |
First Industrial Realty Trust, Inc. | 34,873 | 2,030,655 | |
Four Corners Property Trust, Inc. | 19,156 | 555,524 | |
Franklin Street Properties Corp. | 22,117 | 99,527 | |
Gaming & Leisure Properties | 57,712 | 2,798,455 | |
Getty Realty Corp. | 11,134 | 357,624 | |
Gladstone Commercial Corp. | 8,480 | 185,373 | |
Gladstone Land Corp. | 8,026 | 177,696 | |
Global Medical REIT, Inc. | 18,627 | 308,836 | |
Global Net Lease, Inc. | 24,115 | 386,322 | |
Healthcare Realty Trust, Inc. | 38,554 | 1,274,595 | |
Healthcare Trust of America, Inc. | 57,034 | 1,904,365 | |
Healthpeak Properties, Inc. | 142,429 | 5,057,654 | |
Hersha Hospitality Trust (a) | 8,269 | 73,842 | |
Highwoods Properties, Inc. (SBI) | 27,880 | 1,250,139 | |
Host Hotels & Resorts, Inc. (a) | 188,675 | 3,175,400 | |
Hudson Pacific Properties, Inc. | 40,233 | 1,036,000 | |
Independence Realty Trust, Inc. | 27,476 | 649,258 | |
Industrial Logistics Properties Trust | 18,870 | 530,058 | |
Invitation Homes, Inc. | 151,665 | 6,256,181 | |
Iron Mountain, Inc. | 75,012 | 3,423,548 | |
iStar Financial, Inc. | 19,479 | 491,650 | |
JBG SMITH Properties | 31,173 | 899,653 | |
Kilroy Realty Corp. | 27,167 | 1,830,512 | |
Kimco Realty Corp. | 162,504 | 3,672,590 | |
Kite Realty Group Trust | 21,072 | 427,762 | |
Lamar Advertising Co. Class A | 23,142 | 2,619,674 | |
Lexington Corporate Properties Trust | 75,066 | 1,093,712 | |
Life Storage, Inc. | 20,749 | 2,776,424 | |
LTC Properties, Inc. | 9,785 | 311,750 | |
Mack-Cali Realty Corp. (a) | 20,864 | 379,516 | |
Medical Properties Trust, Inc. | 154,464 | 3,294,717 | |
Mid-America Apartment Communities, Inc. | 30,222 | 6,171,635 | |
Monmouth Real Estate Investment Corp. Class A | 24,769 | 466,896 | |
National Health Investors, Inc. | 11,872 | 638,476 | |
National Retail Properties, Inc. | 47,507 | 2,154,918 | |
National Storage Affiliates Trust | 21,139 | 1,320,342 | |
NETSTREIT Corp. | 11,975 | 290,274 | |
NexPoint Residential Trust, Inc. | 5,999 | 424,849 | |
Office Properties Income Trust | 11,863 | 303,930 | |
Omega Healthcare Investors, Inc. | 62,646 | 1,839,287 | |
One Liberty Properties, Inc. | 4,766 | 148,985 | |
Outfront Media, Inc. | 39,744 | 989,228 | |
Paramount Group, Inc. | 43,757 | 371,059 | |
Park Hotels & Resorts, Inc. (a) | 61,777 | 1,144,728 | |
Pebblebrook Hotel Trust | 34,059 | 764,965 | |
Physicians Realty Trust | 58,926 | 1,120,183 | |
Piedmont Office Realty Trust, Inc. Class A | 31,364 | 557,025 | |
Plymouth Industrial REIT, Inc. | 8,935 | 228,379 | |
Potlatch Corp. | 17,770 | 928,838 | |
Preferred Apartment Communities, Inc. Class A | 16,016 | 201,962 | |
Prologis (REIT), Inc. | 192,778 | 27,945,099 | |
PS Business Parks, Inc. | 5,377 | 955,493 | |
Public Storage | 39,788 | 13,216,778 | |
Rayonier, Inc. | 37,635 | 1,404,915 | |
Realty Income Corp. | 101,356 | 7,239,859 | |
Regency Centers Corp. | 40,672 | 2,863,716 | |
Retail Opportunity Investments Corp. | 32,935 | 585,255 | |
Retail Value, Inc. | 3,848 | 24,088 | |
Rexford Industrial Realty, Inc. | 36,243 | 2,435,530 | |
RLJ Lodging Trust | 42,782 | 616,916 | |
RPT Realty | 23,581 | 313,391 | |
Ryman Hospitality Properties, Inc. (a) | 14,260 | 1,219,800 | |
Sabra Health Care REIT, Inc. | 61,192 | 865,867 | |
Safehold, Inc. | 3,776 | 282,067 | |
Saul Centers, Inc. | 3,025 | 140,360 | |
SBA Communications Corp. Class A | 28,528 | 9,851,574 | |
Seritage Growth Properties (a) | 8,307 | 127,928 | |
Service Properties Trust | 41,677 | 448,861 | |
Simon Property Group, Inc. | 85,861 | 12,585,505 | |
SITE Centers Corp. | 47,176 | 749,627 | |
SL Green Realty Corp. | 17,818 | 1,248,507 | |
Spirit Realty Capital, Inc. | 31,203 | 1,526,763 | |
Stag Industrial, Inc. | 42,400 | 1,845,672 | |
Store Capital Corp. | 64,172 | 2,203,025 | |
Summit Hotel Properties, Inc. (a) | 28,466 | 284,660 | |
Sun Communities, Inc. | 30,181 | 5,914,872 | |
Sunstone Hotel Investors, Inc. (a) | 54,506 | 672,604 | |
Tanger Factory Outlet Centers, Inc. | 26,673 | 448,106 | |
Terreno Realty Corp. | 18,915 | 1,383,254 | |
The GEO Group, Inc. (b) | 30,588 | 250,210 | |
The Macerich Co. | 55,233 | 999,165 | |
UDR, Inc. | 72,781 | 4,041,529 | |
UMH Properties, Inc. | 10,699 | 256,134 | |
Uniti Group, Inc. | 58,938 | 843,403 | |
Universal Health Realty Income Trust (SBI) | 2,962 | 168,745 | |
Urban Edge Properties | 29,989 | 525,707 | |
Urstadt Biddle Properties, Inc. Class A | 8,914 | 175,071 | |
Ventas, Inc. | 102,271 | 5,458,203 | |
VICI Properties, Inc. (b) | 162,468 | 4,768,436 | |
Vornado Realty Trust | 42,203 | 1,799,114 | |
Washington REIT (SBI) | 22,698 | 575,394 | |
Welltower, Inc. | 110,436 | 8,879,054 | |
Weyerhaeuser Co. | 196,299 | 7,011,800 | |
Whitestone REIT Class B | 11,307 | 103,798 | |
WP Carey, Inc. | 48,851 | 3,766,901 | |
Xenia Hotels & Resorts, Inc. (a) | 28,681 | 510,522 | |
388,582,504 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (a) | 87,699 | 9,127,712 | |
Cushman & Wakefield PLC (a) | 38,859 | 714,617 | |
eXp World Holdings, Inc. | 17,074 | 881,018 | |
Forestar Group, Inc. (a) | 3,560 | 69,669 | |
Howard Hughes Corp. (a) | 10,636 | 926,715 | |
Jones Lang LaSalle, Inc. (a) | 13,173 | 3,401,664 | |
Kennedy-Wilson Holdings, Inc. | 30,506 | 682,419 | |
Marcus & Millichap, Inc. (a) | 6,561 | 309,023 | |
Newmark Group, Inc. | 43,808 | 651,863 | |
RE/MAX Holdings, Inc. | 5,071 | 161,309 | |
Realogy Holdings Corp. (a) | 30,859 | 534,478 | |
Redfin Corp. (a)(b) | 27,375 | 1,405,433 | |
Tejon Ranch Co. (a) | 6,156 | 112,101 | |
The RMR Group, Inc. | 3,846 | 133,802 | |
The St. Joe Co. | 8,594 | 404,090 | |
19,515,913 | |||
TOTAL REAL ESTATE | 408,098,417 | ||
UTILITIES - 2.3% | |||
Electric Utilities - 1.4% | |||
Allete, Inc. | 13,105 | 806,482 | |
Alliant Energy Corp. | 66,169 | 3,743,180 | |
American Electric Power Co., Inc. | 130,461 | 11,051,351 | |
Avangrid, Inc. (b) | 18,159 | 956,979 | |
Duke Energy Corp. | 200,475 | 20,450,455 | |
Edison International | 99,533 | 6,263,612 | |
Entergy Corp. | 52,663 | 5,425,342 | |
Evergy, Inc. | 59,829 | 3,814,099 | |
Eversource Energy | 89,790 | 7,623,171 | |
Exelon Corp. | 255,089 | 13,568,184 | |
FirstEnergy Corp. | 141,443 | 5,449,799 | |
Hawaiian Electric Industries, Inc. | 28,666 | 1,162,693 | |
IDACORP, Inc. | 13,074 | 1,363,880 | |
MGE Energy, Inc. | 9,026 | 684,983 | |
NextEra Energy, Inc. | 511,315 | 43,630,509 | |
NRG Energy, Inc. | 64,343 | 2,566,642 | |
OGE Energy Corp. | 51,175 | 1,743,532 | |
Otter Tail Corp. | 10,398 | 644,780 | |
PG&E Corp. (a) | 394,617 | 4,577,557 | |
Pinnacle West Capital Corp. | 30,369 | 1,958,497 | |
PNM Resources, Inc. | 22,030 | 1,095,993 | |
Portland General Electric Co. | 22,830 | 1,125,747 | |
PPL Corp. | 200,118 | 5,763,398 | |
Southern Co. | 275,709 | 17,182,185 | |
Via Renewables, Inc. Class A, (b) | 2,744 | 30,596 | |
Xcel Energy, Inc. | 140,781 | 9,093,045 | |
171,776,691 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 33,816 | 3,115,130 | |
Chesapeake Utilities Corp. (b) | 4,393 | 575,791 | |
National Fuel Gas Co. | 23,254 | 1,335,477 | |
New Jersey Resources Corp. (b) | 24,434 | 923,850 | |
Northwest Natural Holding Co. | 7,576 | 341,602 | |
ONE Gas, Inc. | 13,554 | 912,184 | |
South Jersey Industries, Inc. (b) | 30,195 | 687,238 | |
Southwest Gas Corp. | 15,839 | 1,096,851 | |
Spire, Inc. | 13,309 | 835,273 | |
UGI Corp. | 54,083 | 2,347,743 | |
12,171,139 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Clearway Energy, Inc.: | |||
Class A | 8,156 | 269,066 | |
Class C | 22,070 | 783,044 | |
Ormat Technologies, Inc. | 11,699 | 846,189 | |
Sunnova Energy International, Inc. (a)(b) | 24,109 | 1,074,297 | |
The AES Corp. | 174,884 | 4,394,835 | |
Vistra Corp. | 126,901 | 2,485,991 | |
9,853,422 | |||
Multi-Utilities - 0.6% | |||
Ameren Corp. | 66,817 | 5,632,005 | |
Avista Corp. | 17,288 | 688,235 | |
Black Hills Corp. | 16,357 | 1,085,778 | |
CenterPoint Energy, Inc. | 155,795 | 4,056,902 | |
CMS Energy Corp. | 76,133 | 4,594,627 | |
Consolidated Edison, Inc. | 92,228 | 6,953,991 | |
Dominion Energy, Inc. | 210,805 | 16,006,424 | |
DTE Energy Co. | 50,425 | 5,715,674 | |
MDU Resources Group, Inc. | 52,657 | 1,618,150 | |
NiSource, Inc. | 103,135 | 2,544,340 | |
NorthWestern Energy Corp. | 13,364 | 759,877 | |
Public Service Enterprise Group, Inc. | 132,020 | 8,422,876 | |
Sempra Energy | 83,318 | 10,633,876 | |
Unitil Corp. | 3,927 | 163,952 | |
WEC Energy Group, Inc. | 82,254 | 7,407,795 | |
76,284,502 | |||
Water Utilities - 0.1% | |||
American States Water Co. | 9,979 | 906,492 | |
American Water Works Co., Inc. | 47,297 | 8,238,191 | |
Cadiz, Inc. (a)(b) | 7,495 | 45,495 | |
California Water Service Group | 14,662 | 892,623 | |
Essential Utilities, Inc. | 58,044 | 2,732,131 | |
Middlesex Water Co. | 4,450 | 490,034 | |
SJW Corp. | 6,749 | 444,894 | |
York Water Co. | 3,196 | 153,152 | |
13,903,012 | |||
TOTAL UTILITIES | 283,988,766 | ||
TOTAL COMMON STOCKS | |||
(Cost $8,737,476,776) | 12,277,437,343 | ||
Money Market Funds - 1.9% | |||
Fidelity Cash Central Fund 0.06% (e) | 53,388,693 | 53,399,371 | |
Fidelity Securities Lending Cash Central Fund 0.06% (e)(f) | 182,553,601 | 182,571,856 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $235,971,227) | 235,971,227 | ||
TOTAL INVESTMENT IN SECURITIES - 101.8% | |||
(Cost $8,973,448,003) | 12,513,408,570 | ||
NET OTHER ASSETS (LIABILITIES) - (1.8)% | (215,903,376) | ||
NET ASSETS - 100% | $12,297,505,194 |
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) | 13 | Dec. 2021 | $1,491,945 | $60,628 | $60,628 |
CME E-mini S&P 500 Index Contracts (United States) | 71 | Dec. 2021 | 16,319,350 | 960,487 | 960,487 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 2 | Dec. 2021 | 557,880 | 33,930 | 33,930 |
TOTAL FUTURES CONTRACTS | $1,055,045 |
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) 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 $1,357,755 or 0.0% of net assets.
(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
(f) Investment made with cash collateral received from securities on loan.
Affiliated Central Funds
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% | $28,643,735 | $2,245,656,316 | $2,220,899,864 | $27,526 | $(816) | $-- | $53,399,371 | 0.1% |
Fidelity Securities Lending Cash Central Fund 0.06% | 94,535,966 | 886,004,644 | 797,968,754 | 436,723 | -- | -- | 182,571,856 | 0.5% |
Total | $123,179,701 | $3,131,660,960 | $3,018,868,618 | $464,249 | $(816) | $-- | $235,971,227 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
The following is a summary of the inputs used, as of October 31, 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 | $1,206,711,401 | $1,206,708,371 | $-- | $3,030 |
Consumer Discretionary | 1,546,640,440 | 1,546,639,990 | -- | 450 |
Consumer Staples | 624,729,388 | 624,729,388 | -- | -- |
Energy | 337,341,312 | 337,341,312 | -- | -- |
Financials | 1,461,589,386 | 1,461,589,386 | -- | -- |
Health Care | 1,616,795,713 | 1,616,742,362 | -- | 53,351 |
Industrials | 1,096,769,149 | 1,096,769,149 | -- | -- |
Information Technology | 3,365,859,453 | 3,365,859,453 | -- | -- |
Materials | 328,913,918 | 328,913,918 | -- | -- |
Real Estate | 408,098,417 | 408,098,417 | -- | -- |
Utilities | 283,988,766 | 283,988,766 | -- | -- |
Money Market Funds | 235,971,227 | 235,971,227 | -- | -- |
Total Investments in Securities: | $12,513,408,570 | $12,513,351,739 | $-- | $56,831 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $1,055,045 | $1,055,045 | $-- | $-- |
Total Assets | $1,055,045 | $1,055,045 | $-- | $-- |
Total Derivative Instruments: | $1,055,045 | $1,055,045 | $-- | $-- |
Value of Derivative Instruments
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 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) | $1,055,045 | $0 |
Total Equity Risk | 1,055,045 | 0 |
Total Value of Derivatives | $1,055,045 | $0 |
(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).
See accompanying notes which are an integral part of the financial statements.
Fidelity ZERO® Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
October 31, 2021 | ||
Assets | ||
Investment in securities, at value (including securities loaned of $178,439,396) — See accompanying schedule: Unaffiliated issuers (cost $8,737,476,776) | $12,277,437,343 | |
Fidelity Central Funds (cost $235,971,227) | 235,971,227 | |
Total Investment in Securities (cost $8,973,448,003) | $12,513,408,570 | |
Segregated cash with brokers for derivative instruments | 3,700,400 | |
Cash | 1,200,476 | |
Foreign currency held at value (cost $4,054) | 4,168 | |
Receivable for investments sold | 3,664,706 | |
Receivable for fund shares sold | 20,020,258 | |
Dividends receivable | 8,193,213 | |
Distributions receivable from Fidelity Central Funds | 30,330 | |
Receivable for daily variation margin on futures contracts | 134,706 | |
Other receivables | 4,687 | |
Total assets | 12,550,361,514 | |
Liabilities | ||
Payable for investments purchased | $65,121,768 | |
Payable for fund shares redeemed | 4,970,463 | |
Deferred dividend income | 193,665 | |
Collateral on securities loaned | 182,570,424 | |
Total liabilities | 252,856,320 | |
Net Assets | $12,297,505,194 | |
Net Assets consist of: | ||
Paid in capital | $8,673,167,316 | |
Total accumulated earnings (loss) | 3,624,337,878 | |
Net Assets | $12,297,505,194 | |
Net Asset Value, offering price and redemption price per share ($12,297,505,194 ÷ 741,294,756 shares) | $16.59 |
See accompanying notes which are an integral part of the financial statements.
Statement of Operations
Year ended October 31, 2021 | ||
Investment Income | ||
Dividends | $129,288,590 | |
Interest | 1,876 | |
Income from Fidelity Central Funds (including $436,723 from security lending) | 464,249 | |
Total income | 129,754,715 | |
Expenses | ||
Independent trustees' fees and expenses | $33,851 | |
Total expenses before reductions | 33,851 | |
Expense reductions | (234) | |
Total expenses after reductions | 33,617 | |
Net investment income (loss) | 129,721,098 | |
Realized and Unrealized Gain (Loss) | ||
Net realized gain (loss) on: | ||
Investment securities: | ||
Unaffiliated issuers | 52,988,830 | |
Fidelity Central Funds | (816) | |
Foreign currency transactions | 80 | |
Futures contracts | 12,436,425 | |
Total net realized gain (loss) | 65,424,519 | |
Change in net unrealized appreciation (depreciation) on: | ||
Investment securities: | ||
Unaffiliated issuers | 2,873,787,370 | |
Assets and liabilities in foreign currencies | 110 | |
Futures contracts | 1,046,942 | |
Total change in net unrealized appreciation (depreciation) | 2,874,834,422 | |
Net gain (loss) | 2,940,258,941 | |
Net increase (decrease) in net assets resulting from operations | $3,069,980,039 |
See accompanying notes which are an integral part of the financial statements.
Statement of Changes in Net Assets
Year ended October 31, 2021 | Year ended October 31, 2020 | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $129,721,098 | $94,002,039 |
Net realized gain (loss) | 65,424,519 | (18,048,140) |
Change in net unrealized appreciation (depreciation) | 2,874,834,422 | 396,340,566 |
Net increase (decrease) in net assets resulting from operations | 3,069,980,039 | 472,294,465 |
Distributions to shareholders | (91,348,095) | (70,205,838) |
Share transactions | ||
Proceeds from sales of shares | 4,596,598,011 | 3,128,687,092 |
Reinvestment of distributions | 86,821,793 | 67,273,777 |
Cost of shares redeemed | (1,418,116,814) | (1,713,363,481) |
Net increase (decrease) in net assets resulting from share transactions | 3,265,302,990 | 1,482,597,388 |
Total increase (decrease) in net assets | 6,243,934,934 | 1,884,686,015 |
Net Assets | ||
Beginning of period | 6,053,570,260 | 4,168,884,245 |
End of period | $12,297,505,194 | $6,053,570,260 |
Other Information | ||
Shares | ||
Sold | 312,544,560 | 289,201,389 |
Issued in reinvestment of distributions | 6,572,430 | 6,055,249 |
Redeemed | (96,717,386) | (163,119,980) |
Net increase (decrease) | 222,399,604 | 132,136,658 |
See accompanying notes which are an integral part of the financial statements.
Financial Highlights
Fidelity ZERO Total Market Index Fund
Years ended October 31, | 2021 | 2020 | 2019 | 2018 A |
Selected Per–Share Data | ||||
Net asset value, beginning of period | $11.67 | $10.78 | $9.56 | $10.00 |
Income from Investment Operations | ||||
Net investment income (loss)B | .20 | .20 | .19 | .04 |
Net realized and unrealized gain (loss) | 4.89 | .86 | 1.10 | (.48) |
Total from investment operations | 5.09 | 1.06 | 1.29 | (.44) |
Distributions from net investment income | (.17) | (.16) | (.06) | – |
Distributions from net realized gain | – | (.01) | (.01) | – |
Total distributions | (.17) | (.17) | (.07) | – |
Net asset value, end of period | $16.59 | $11.67 | $10.78 | $9.56 |
Total ReturnC,D | 44.00% | 9.92% | 13.57% | (4.40)% |
Ratios to Average Net AssetsE,F | ||||
Expenses before reductionsG | -% | -% | -% | - %H |
Expenses net of fee waivers, if anyG | -% | -% | -% | - %H |
Expenses net of all reductionsG | -% | -% | -% | - %H |
Net investment income (loss) | 1.37% | 1.79% | 1.91% | 1.61%H |
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $12,297,505 | $6,053,570 | $4,168,884 | $1,364,146 |
Portfolio turnover rateI | 4%J | 6% | 3% | - %K,L |
A For the period August 2, 2018 (commencement of operations) through October 31, 2018.
B Calculated based on average shares outstanding during the period.
C Total returns for periods of less than one year are not annualized.
D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.
F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.
G Amount represents less than .005%.
H Annualized
I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).
J Portfolio turnover rate excludes securities received or delivered in-kind.
K Amount represents less than 1%.
L Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Notes to Financial Statements
For the period ended October 31, 2021
1. Organization.
Fidelity ZERO Extended Market Index Fund, Fidelity ZERO International Index Fund, Fidelity ZERO Large Cap Index Fund and Fidelity ZERO Total Market Index Fund are funds of Fidelity Concord Street Trust. Each Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund is authorized to issue an unlimited number of shares. Investments in emerging markets, if applicable, can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.
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% |
(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. 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.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 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. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. 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. A non-recurring dividend with a payable date of October 29, 2021 and an ex-date of November 1, 2021 is presented in the Statement of Assets and Liabilities as "Deferred dividend income" for Fidelity ZERO Extended Market Index Fund and Fidelity ZERO Total Market Index Fund. 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 taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable or reclaims receivable, 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, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2021, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Fidelity ZERO International Index Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on each applicable Fund's Statement of Assets & Liabilities.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), certain deemed distributions, redemptions in kind, partnerships, capital loss carryforwards and losses deferred due to wash sales.
As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity ZERO Extended Market Index Fund | $1,258,377,827 | $315,696,139 | $(85,054,287) | $230,641,852 |
Fidelity ZERO International Index Fund | 2,714,413,591 | 605,853,833 | (188,498,341) | 417,355,492 |
Fidelity ZERO Large Cap Index Fund | 3,771,663,726 | 1,454,916,272 | (92,325,815) | 1,362,590,457 |
Fidelity ZERO Total Market Index Fund | 9,017,143,461 | 3,800,794,983 | (304,529,875) | 3,496,265,108 |
The tax-based components of distributable earnings as of period end were as follows for each Fund:
Undistributed ordinary income | Undistributed long-term capital gain | Net unrealized appreciation (depreciation) on securities and other investments | |
Fidelity ZERO Extended Market Index Fund | $37,236,266 | $51,048,106 | $230,641,856 |
Fidelity ZERO International Index Fund | 69,656,147 | – | 417,312,518 |
Fidelity ZERO Large Cap Index Fund | 38,634,879 | – | 1,362,590,457 |
Fidelity ZERO Total Market Index Fund | 107,117,871 | 20,954,784 | 3,496,265,222 |
The tax character of distributions paid was as follows:
October 31, 2021 | |||
Ordinary Income | Long-term Capital Gains | Total | |
Fidelity ZERO Extended Market Index Fund | $9,151,552 | $6,703,647 | $15,855,199 |
Fidelity ZERO International Index Fund | 32,771,369 | – | 32,771,369 |
Fidelity ZERO Large Cap Index Fund | 33,862,107 | – | 33,862,107 |
Fidelity ZERO Total Market Index Fund | 91,348,095 | – | 91,348,095 |
October 31, 2020 | |||
Ordinary Income | Long-term Capital Gains | Total | |
Fidelity ZERO Extended Market Index Fund | $8,767,723 | $247,676 | $9,015,399 |
Fidelity ZERO International Index Fund | 32,813,228 | – | 32,813,228 |
Fidelity ZERO Large Cap Index Fund | 16,389,623 | – | 16,389,623 |
Fidelity ZERO Total Market Index Fund | 67,331,914 | 2,873,924 | 70,205,838 |
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 ($) | |
Fidelity ZERO Extended Market Index Fund | 768,856,439 | 267,787,815 |
Fidelity ZERO International Index Fund | 1,155,131,576 | 202,479,961 |
Fidelity ZERO Large Cap Index Fund | 1,849,775,676 | 181,487,161 |
Fidelity ZERO Total Market Index Fund | 3,843,771,187 | 355,434,033 |
Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below. The net realized gain or loss on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity ZERO Large Cap Index Fund | 7,087,172 | 35,180,274 | 99,433,026 |
Fidelity ZERO Total Market Index Fund | 8,741,259 | 53,736,281 | 124,475,524 |
6. Fees and Other Transactions with Affiliates.
Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Funds with investment management services for which the Funds do not pay a management fee. Under the management contract, the investment adviser or an affiliate pays all ordinary operating expenses of the Funds, except fees and expenses of the independent Trustees.
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.
Interfund 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. During the period there were no interfund trades.
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 ZERO Extended Market Index Fund | $29,914 | $6,313 | $533,654 |
Fidelity ZERO International Index Fund | 25,597 | 126 | 90,981 |
Fidelity ZERO Large Cap Index Fund | 1,917 | 2 | – |
Fidelity ZERO Total Market Index Fund | 44,343 | 7,706 | 555,944 |
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 ZERO Extended Market Index Fund | $164 |
Fidelity ZERO Large Cap Index Fund | 51 |
Fidelity ZERO Total Market Index Fund | 234 |
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.
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Concord Street Trust and Shareholders of Fidelity ZERO International Index Fund, Fidelity ZERO Total Market Index Fund, Fidelity ZERO Extended Market Index Fund, and Fidelity ZERO Large Cap Index Fund
Opinion on the Financial Statements and Financial Highlights
We have audited the accompanying statements of assets and liabilities of Fidelity ZERO International Index Fund, Fidelity ZERO Total Market Index Fund, Fidelity ZERO Extended Market Index Fund, and Fidelity ZERO Large Cap Index Fund (the “Funds”), each a fund of Fidelity Concord Street Trust, including the schedules of investments, as of October 31, 2021, the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the three years in the period then ended and for the period from August 2, 2018 (commencement of operations) through October 31, 2018 for Fidelity ZERO International Index Fund and Fidelity ZERO Total Market Index Fund, and the financial highlights for each of the three years in the period then ended and for the period from September 13, 2018 (commencement of operations) through October 31, 2018 for Fidelity ZERO Extended Market Index Fund and Fidelity ZERO Large Cap Index Fund, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2021, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the three years in the period then ended and for the period from August 2, 2018 (commencement of operations) through October 31, 2018 for Fidelity ZERO International Index Fund and Fidelity ZERO Total Market Index Fund, and the financial highlights for each of the three years in the period then ended and for the period from September 13, 2018 (commencement of operations) through October 31, 2018 for Fidelity ZERO Extended Market Index Fund and Fidelity ZERO Large Cap Index Fund, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2021, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
December 14, 2021
We have served as the auditor of one or more of the Fidelity investment companies since 1999.
Trustees and Officers
The Trustees, Members of the Advisory Board (if any), and officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 318 funds. Mr. Chiel oversees 179 funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the funds is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Each fund’s Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.
Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Acting Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity® funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the funds' Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."
Interested Trustees*:
Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Jonathan Chiel (1957)
Year of Election or Appointment: 2016
Trustee
Mr. Chiel also serves as Trustee of other Fidelity® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney’s Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.
Bettina Doulton (1964)
Year of Election or Appointment: 2021
Trustee
Ms. Doulton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).
Robert A. Lawrence (1952)
Year of Election or Appointment: 2020
Trustee
Acting Chairman of the Board of Trustees
Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).
* Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund.
Independent Trustees:
Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+
Thomas P. Bostick (1956)
Year of Election or Appointment: 2021
Trustee
Lieutenant General Bostick also serves as Trustee of other Fidelity® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present) and Managing Partner, Sustainability, of Ridge-Lane Limited Partners (strategic advisory and venture development, 2016-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).
Dennis J. Dirks (1948)
Year of Election or Appointment: 2005
Trustee
Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.
Donald F. Donahue (1950)
Year of Election or Appointment: 2018
Trustee
Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York and a member of the Board of NYC Leadership Academy (2012-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).
Vicki L. Fuller (1957)
Year of Election or Appointment: 2020
Trustee
Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-present), as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present) and as a member of the Board of Treliant, LLC (consulting, 2019-present).
Patricia L. Kampling (1959)
Year of Election or Appointment: 2020
Trustee
Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).
Thomas A. Kennedy (1955)
Year of Election or Appointment: 2021
Trustee
Mr. Kennedy also serves as Trustee of other Fidelity® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean’s Executive Board (2016-present).
Oscar Munoz (1959)
Year of Election or Appointment: 2021
Trustee
Mr. Munoz also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present) and a member of the Advisory Board of Salesforce.com, Inc. (cloud-based software, 2020-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).
Garnett A. Smith (1947)
Year of Election or Appointment: 2018
Trustee
Mr. Smith also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity® funds (2012-2013).
David M. Thomas (1949)
Year of Election or Appointment: 2008
Trustee
Lead Independent Trustee
Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and Presiding Director (2013-present) of Interpublic Group of Companies, Inc. (marketing communication).
Susan Tomasky (1953)
Year of Election or Appointment: 2020
Trustee
Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company – America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Investment Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).
Michael E. Wiley (1950)
Year of Election or Appointment: 2020
Trustee
Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).
+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for each fund.
Advisory Board Members and Officers:
Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.
Name, Year of Birth; Principal Occupation
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Brett Segaloff (1972)
Year of Election or Appointment: 2021
Anti-Money Laundering (AML) Officer
Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Name, Year of Birth; Principal Occupation
Peter S. Lynch (1944)
Year of Election or Appointment: 2003
Member of the Advisory Board
Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).
Craig S. Brown (1977)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present).
John J. Burke III (1964)
Year of Election or Appointment: 2018
Chief Financial Officer
Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).
William C. Coffey (1969)
Year of Election or Appointment: 2019
Assistant Secretary
Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).
Timothy M. Cohen (1969)
Year of Election or Appointment: 2018
Vice President
Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).
Jonathan Davis (1968)
Year of Election or Appointment: 2010
Assistant Treasurer
Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).
Laura M. Del Prato (1964)
Year of Election or Appointment: 2018
Assistant Treasurer
Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).
Colm A. Hogan (1973)
Year of Election or Appointment: 2020
Assistant Treasurer
Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).
Pamela R. Holding (1964)
Year of Election or Appointment: 2018
Vice President
Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).
Cynthia Lo Bessette (1969)
Year of Election or Appointment: 2019
Secretary and Chief Legal Officer (CLO)
Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).
Chris Maher (1972)
Year of Election or Appointment: 2020
Deputy Treasurer
Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).
Jason P. Pogorelec (1975)
Year of Election or Appointment: 2020
Chief Compliance Officer
Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).
Brett Segaloff (1972)
Year of Election or Appointment: 2021
Anti-Money Laundering (AML) Officer
Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).
Stacie M. Smith (1974)
Year of Election or Appointment: 2016
President and Treasurer
Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity® funds.
Jim Wegmann (1979)
Year of Election or Appointment: 2019
Assistant Treasurer
Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).
Shareholder Expense Example
As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2021 to October 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. In addition, if these transactional costs were included, your costs would have been higher.
Annualized Expense Ratio-A | Beginning Account Value May 1, 2021 | Ending Account Value October 31, 2021 | Expenses Paid During Period-B May 1, 2021 to October 31, 2021 | |
Fidelity ZERO Extended Market Index Fund | - %-C | |||
Actual | $1,000.00 | $1,036.80 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.21 | $--D | |
Fidelity ZERO International Index Fund | - %-C | |||
Actual | $1,000.00 | $1,023.10 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.21 | $--D | |
Fidelity ZERO Large Cap Index Fund | - %-C | |||
Actual | $1,000.00 | $1,110.70 | $--D | |
Hypothetical-E | $1,000.00 | $1,025.21 | $--D | |
Fidelity ZERO Total Market Index Fund | - %-C | |||
Actual | $1,000.00 | $1,100.10 | $--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 less than .005%.
D Amount less than $.005.
E 5% return per year before expenses
Distributions (Unaudited)
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities, and dividends derived from net investment income:
Pay Date | Record Date | Dividends | Capital Gains | |
Fidelity ZERO Extended Market Index Fund | 12/06/21 | 12/03/21 | $0.161 | $0.748 |
Fidelity ZERO International Index Fund | 12/06/21 | 12/03/21 | $0.306 | $0.000 |
Fidelity ZERO Large Cap Index Fund | 12/06/21 | 12/03/21 | $0.161 | $0.000 |
Fidelity ZERO Total Market Index Fund | 12/06/21 | 12/03/21 | $0.181 | $0.028 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended October 31, 2021, or, if subsequently determined to be different, the net capital gain of such year.
Fidelity ZERO Extended Market Index Fund | $51,070,946 |
Fidelity ZERO International Index Fund | $1,547,470 |
Fidelity ZERO Large Cap Index Fund | $863,935 |
Fidelity ZERO Total Market Index Fund | $22,024,535 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends–received deduction for corporate shareholders:
Fidelity ZERO Extended Market Index Fund | |
December 04, 2020 | 70% |
December 29, 2020 | 55% |
Fidelity ZERO Large Cap Index Fund | |
December 2020 | 95% |
Fidelity ZERO Total Market Index Fund | |
December 2020 | 95% |
A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
Fidelity ZERO Extended Market Index Fund | |
December 04, 2020 | 74% |
December 29, 2020 | 59% |
Fidelity ZERO International Index Fund | |
December 2020 | 91% |
Fidelity ZERO Large Cap Index Fund | |
December 2020 | 96% |
Fidelity ZERO Total Market Index Fund | |
December 2020 | 96% |
A percentage of the dividends distributed during the fiscal year for the following funds qualify as a section 199A dividend:
Fidelity ZERO Extended Market Index Fund | |
December 04, 2020 | 23% |
December 29, 2020 | 42% |
Fidelity ZERO Large Cap Index Fund | |
December 2020 | 2% |
Fidelity ZERO Total Market Index Fund | |
December 2020 | 3% |
The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:
Pay Date | Income | Taxes | |
Fidelity ZERO International Index Fund | 12/07/20 | $0.2111 | $0.0241 |
The funds will notify shareholders in January 2022 of amounts for use in preparing 2021 income tax returns.
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity ZERO Extended Market Index
Fidelity ZERO Large Cap Index
Fidelity ZERO International Index
Fidelity ZERO Total Market Index
Board Approval of Investment Advisory Contracts and Management Fees
Fidelity ZERO Large Cap Index Fund
Fidelity ZERO International Index Fund
EML-ANN-1221
1.9891446.103
Item 2.
Code of Ethics
As of the end of the period, October 31, 2021, Fidelity Concord Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity SAI International Small Cap Index Fund, Fidelity Series International Index Fund, Fidelity ZERO Extended Market Index Fund, Fidelity ZERO International Index Fund, Fidelity ZERO Large Cap Index Fund and Fidelity ZERO Total Market Index Fund (the “Fund(s)”):
Services Billed by Deloitte Entities
October 31, 2021 FeesA,B
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity SAI International Small Cap Index Fund | $37,000 | $- | $8,600 | $400 |
Fidelity Series International Index Fund | $55,700 | $- | $9,000 | $1,300 |
Fidelity ZERO Extended Market Index Fund | $59,700 | $- | $7,400 | $1,400 |
Fidelity ZERO International Index Fund | $50,200 | $- | $9,000 | $1,200 |
Fidelity ZERO Large Cap Index Fund | $41,300 | $- | $7,400 | $1,000 |
Fidelity ZERO Total Market Index Fund | $37,600 | $- | $6,900 | $900 |
October 31, 2020 FeesA,B
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity SAI International Small Cap Index Fund | $- | $- | $- | $- |
Fidelity Series International Index Fund | $57,000 | $- | $9,500 | $1,300 |
Fidelity ZERO Extended Market Index Fund | $61,100 | $- | $7,400 | $1,400 |
Fidelity ZERO International Index Fund | $51,400 | $- | $9,100 | $1,200 |
Fidelity ZERO Large Cap Index Fund | $42,400 | $- | $7,700 | $1,000 |
Fidelity ZERO Total Market Index Fund | $38,600 | $- | $7,200 | $900 |
A Amounts may reflect rounding.
B Fidelity SAI International Small Cap Index Fund commenced operations on May 27, 2021
The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for services rendered to Fidelity SAI Japan Stock Index Fund (the “Fund(s)”):
Services Billed by PwC
October 31, 2021 FeesA,B
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity SAI Japan Stock Index Fund | $34,000 | $1,800 | $10,700 | $600 |
October 31, 2020 FeesA,B
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity SAI Japan Stock Index Fund | $- | $- | $- | $- |
A Amounts may reflect rounding.
B Fidelity SAI Japan Stock Index Fund commenced operations on May 27, 2021.
The following table(s) present(s) fees billed by Deloitte Entities and PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
October 31, 2021A,B | October 31, 2020A,B | |
Audit-Related Fees | $- | $- |
Tax Fees | $- | $- |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity SAI International Small Cap Index Fund’s commencement of operations.
Services Billed by PwC
October 31, 2021A,B | October 31, 2020A,B | |
Audit-Related Fees | $8,830,600 | $9,069,400 |
Tax Fees | $354,200 | $30,000 |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity SAI Japan Stock Index Fund’s commencement of operations.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities and PwC for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | October 31, 2021A,B | October 31, 2020A,B |
Deloitte Entities | $576,100 | $548,300 |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity SAI International Small Cap Index Fund and Fidelity SAI Japan Stock Index Funds’ commencement of operations.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities and PwC to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities and PwC in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities and PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the
operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable.
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Concord Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | December 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: | December 21, 2021 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | December 21, 2021 |